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A question From A Newbie To Forex

  • #21
  • Mar 4, 2019 10:47am Mar 4, 2019 10:47am
Quoting Scousetrader
All, Hope this is the right forum to post this question but here goes: I have recently done an introductory course on FOREX and the main strategy used was something called the Impulse Pull Back Strategy based on a 15 minute time frame. The course taught how to analyse the charts etc and of course this is a manual process looking for the appropriate signals and placing your order/trade. I know there are tools programs that can be used to automate these processes however I want to be in a position to do this process manually so that I actually understand...
I think yes because market is dynamic system which constantly changes. Working on 15 minutes timeframe can quickly make your analysis outdated especially if your approach takes every case as unique. Basically if you can't automate the system then it will require great analytical efforts to determine entry and exit points.
  • #22
  • Mar 19, 2019 5:05am Mar 19, 2019 5:05am
newcomers most of the time fail to control emotions , as a result they trade over and over , ultimately lost whole balance. so they have to focus trading discipline which only the way to reduce emotions when trading in practical.
  • #23
  • Oct 22, 2020 2:47am Oct 22, 2020 2:47am
If you want to make money from this risky market, you have to be very careful.
  • #24
  • Oct 22, 2020 8:19am Oct 22, 2020 8:19am
Quoting Robertstarc
If you want to make money from this risky market, you have to be very careful.
If the market is unstable, I think, it's best to wait it out.
  • #25
  • Oct 24, 2020 10:09am Oct 24, 2020 10:09am
Making a profit is not an easy task in the forex market. Many people lose their money in this risky and volatile market. So, you have to be very careful when you go trading in the forex market.
  • #26
  • Oct 26, 2020 1:20am Oct 26, 2020 1:20am
Forex has always been a volatile market. We have to carefully select the appropriate currency pair depending on our volatility tolerance.
  • #27
  • Oct 29, 2020 1:39pm Oct 29, 2020 1:39pm
If you are new in this market, you have to learn all the basics of forex perfectly. Without learning, you can not survive in this risky market.
  • #28
  • Last Post: Oct 29, 2020 7:59pm Oct 29, 2020 7:59pm
Long time frames should be used. The strategy works well in a long time frame. You can use the market context strategy if you want.
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