Hey everyone, im new to this forum and hope someone can help me out.
I’ve spent many hours researching forex trading for a while now and I feel I have a decent understanding on market structure, price patterns, candlestick patterns and the commonly used indicators such as the moving average, stochastics, RSI, ADX etc. However, I’m struggling to use the information to help me find high probability setups to build a strategy that I can go and backtest to work out whether they would be worth adding to a trading plan that I can test out on a demo account.
Each time I go to look at a chart (I’m currently looking at EUR/USD as I want to focus on one currency pair at a time to fully understand how each market moves) I don’t really know where to begin. I understand the first thing a trader needs to understand is what sort of market they are trading (trending, ranging) but I don’t really know where to go from there.
If you got any tips/information that could help me out I would greatly appreciate it.
Hey everyone, im new to this forum and hope someone can help me out. I’ve spent many hours researching forex trading for a while now and I feel I have a decent understanding on market structure, price patterns, candlestick patterns and the commonly used indicators such as the moving average, stochastics, RSI, ADX etc. However, I’m struggling to use the information to help me find high probability setups to build a strategy that I can go and backtest to work out whether they would be worth adding to a trading plan that I can test out on a demo account....
Ignored
The best advice I can give you is to forget the metrics.
