Forex strategy reddit. com, a trading forum run by professional traders.
Forex strategy reddit Always set stop-loss limits. Then backtest more than you breathe. And if someone can trade with an above 50% success, that should make profit on the long term. Having an edge doesn’t necessarily equate to profitability without discipline and risk management. How to Beat a Funded Account Challenge in a Day. The course costs 20$, it is a 33-page handbook that explains all the steps of his strategy along with pictures and a roadmap on how to proceed from demo to prop firm trading and eventually to trading with your own money. com Jul 31, 2023 · Dive into Forex trading with Reddit. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Yes that is difficult -- but that's why so many traders fail. Either one of two things happen. Some things to keep in mind: Risk no more than 1% per trade. The Strategy That Turned Me Profitable. Try to backtest your new strategy if at all possible. Swing Trader Trading Welcome to FXGears. You need an actual strategy. Your Forex Reddit journey starts here! Hey mate, welcome to the industry! Study every possible strategy as quickly as you can (i. Because it's hard. e. Trading is a game of probabilities. Why? Welcome to FXGears. In this article, we will explore how you can use Reddit effectively to… Options for fx in etf form are available if you want to trade fx on volitility. Sometimes it works if you get the Fibonacci right. 4. Here I will review the liquidity sweep strategy course by TJR Trades. This is intended as an example not as a valid strategy to trade. Truthfully, I'm not sure where I draw the line between my psychology holding me back, or the strategies themselves not having an edge. Easy!" -- it doesn't work like that. With its vast community of traders and investors, Reddit offers a wealth of information, insights, and discussions that can help you make better trading decisions. I agree. don’t get stuck in a single one) and then study liquidity. Provide a comprehensive overview of the chosen topic, ensuring the explanation is both in-depth and understandable for traders of all levels. My Forex Strategy Explained. That will lead to disastrous financial results and can potentially blow up your account even with an edge. If a successful trader were to reveal their strategy online, I don’t think everyone who trades that strategy will be profitable. If after 3 months the results matched your expectations you can consider investing real dollars. I've tried two strategies in my entire trading career being supply and demand and a break and retest strategy using price action. 5. A strategy CAN be simple. Investigate and analyze specific trading strategies, technical tools, or market structures. Or the market reverses and continues the reversed trend for about the majority of the day. Divide your position into 2 or 3 positions to take partials. Consider paper trading to test strategies without risk. We would like to show you a description here but the site won’t allow us. Don't ignore a setup because of bias or previous knowledge. However as much as I understand, Forex Trading is usually based on chance, so there is no "100% winner strategy", just better and worse ones. Every day, between the time of 9:50am eastern and 10:30 eastern. Now there are strategies that have a low win rate, I know one for Forex trading, but the thing is it’s a 20-30R when you get the win, it’s about a 20% win rate but can make upwards of 80% on the account in a month with only 2-3 winning trades some months. 3. See full list on quantifiedstrategies. And just see which strategy suits you best. Using options to do gamma scalping is something I have toyed with in the past. Or check it out in the app stores TOPICS Tjrs Forex strategy. Whatever strategy you use, the rules must be clearly defined. Develop a strategy, stick to it, and don't let emotions drive decisions. 45-50 pips is about right for the spread. ) Do NOT adjust your strategy while backtesting Don't play through bars, then go back and pretend like you would take a trade. Enjoy! Nov 7, 2022 · Forex forums are online communities and boards where users can share and discuss the news, ideas, strategies, reviews, and trends in the forex market. But my argument is, why do we need a mechanical plan to give us an edge. Start by offering a historical context for the strategy, tool, or structure, showcasing its evolution over time. #1. com, a trading forum run by professional traders. Welcome to FXGears. Momo strategy or ema strategy is too much of a lagging indicator for these markets. You can't just make it easier by saying "well don't think about it, just trade with the trend. But this isn't even a strategy to begin with. u/Electronic_Writing53. Stay updated with market news and trends. I am running this info as far as 6 months back and it does either one of these patterns every single day, during these times. . It all depends on what kind of person and trader you are. Start with a low percentage of your expected full position and increase this as time goes by and you become more confident in your new strategy. Explore top subreddits, learn strategies, discuss trends. If you backtest 1 strategy, try it out for at least 100+ trades, if at least 40% is correct, then you have a profitable strategy on your hands that works for YOU, remember; what works for you, doesn't have to work for someone else and vice versa. Welcome to Forex sub-Reddit! Feel free to discuss about Forex trading strategies, Forex trading platforms, share experiences or participate in threads you find interesting. Practice risk management and only invest what you can afford to lose. If you know what every type of strategy says to do, then you will better understand what the market is trying to do throughout each day/week/month. Get the Reddit app Scan this QR code to download the app now. Sep 2, 2023 · Reddit is a powerful social media platform that can be leveraged to improve your forex trading strategy. Can we not get an edge based on analysis of real time PA, eye balling SR zones, candlesticks, chart patterns, etc? Welcome to FXGears. Additionally, users also share their opinions about the next price movements of currency pairs and discuss trade ideas. Also, watch some of his live trades video on his channel to master the entries and exits. Continually learn from every trade, successful or not. zaiglysjgmsgwmcmhovblxkqbcompnfdbyljffzneysdcryubvxh