When to know what to trade | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trade What You Know and Know What You Trade 4 replies

Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies

Brokers might use forums to know how we trade ?! 33 replies

Anyone know a good forex trade Strategy used on Metatrade? 13 replies

When to know what to trade

  • #1
  • First Post: Dec 2, 2016 6:17am Dec 2, 2016 6:17am
If your trading based off support and resistance trendlines and supply and demand what is the best way to find trades
  • #2
  • Dec 2, 2016 7:17am Dec 2, 2016 7:17am
Quoting Rashaud210
If your trading based off support and resistance trendlines and supply and demand what is the best way to find trades
Long time wasting story ahead. None of these are complete guidelines . If you have enough time to spent and some money to loose initially then okay else not even try forex..not for everyone.
Never Gamble Forex
  • #3
  • Dec 2, 2016 7:35am Dec 2, 2016 7:35am
2 thumbs up for yesyoucan
If you notice in Daily, the price is hardly to move 2% (D to D)
not much movement if compare to stock.
Let Market Tell You
  • #4
  • Dec 2, 2016 9:05am Dec 2, 2016 9:05am
That requires lots of practice and knowledge and also you need to learn about the Market Analysis and lots more, it is not at all an easy task that you could just learn just like that.
  • #5
  • Dec 3, 2016 6:05am Dec 3, 2016 6:05am
That is a simple question with a not-so-simple answer. There are a lot of books, tutorials, articles, etc. written in an attempt to answer said question. My advice is simply to start reading and then trying to apply what you've read in practice.
  • #6
  • Dec 6, 2016 2:37am Dec 6, 2016 2:37am
Quoting mlawson71
That is a simple question with a not-so-simple answer. There are a lot of books, tutorials, articles, etc. written in an attempt to answer said question. My advice is simply to start reading and then trying to apply what you've read in practice.
by simply reading and also learn about the forex trading business we need the presence of peraktik, and can be done with a free demo trading account as well
  • #7
  • Dec 6, 2016 3:09am Dec 6, 2016 3:09am
something i found recently that has really helped me is to use one of the strength indicators found on ff. you can easily see which currency is the weakest vs. strongest at that particular time. look around and find the one you like the best.
Mother of Pips
  • #8
  • Dec 9, 2016 4:23am Dec 9, 2016 4:23am
these kind of questions can not be contained in a simple 1 paragrapgh answer, these are to broad in my opinion.
  • #9
  • Dec 9, 2016 4:46am Dec 9, 2016 4:46am
Use your own trading system, there are many indicator you can use. One indicator to analyse trend, one indicator to see how many volume on that time, one indicator to give you advice "when to buy or sell". Just remember, don't use many of indicator. It will make you confuse to make decision. Pick the best indicator that suit you. Oh, don't forget to learn about price pattern or candlestick pattern. Many indicator are "late" give you information, when you can use price pattern it will help you so much. That is my opinion.
  • #10
  • Dec 9, 2016 4:51am Dec 9, 2016 4:51am
I think this kind of knowledge also comes up with experience as what to trade and when to exit from the market. News usually helps deciding what to trade as these news have significant impacts on their underlying currency.
  • #11
  • Dec 9, 2016 4:57am Dec 9, 2016 4:57am
Quoting Rashaud210
If your trading based off support and resistance trendlines and supply and demand what is the best way to find trades
The more simple the better IMO.
Pick one do not spread on various techniques.
Make signals easy without too many rules (like black or white)
Use proper risk reward ratio (lets say 1:2 or 1:3 - where '1' is risk).
Start with higher timeframes first, do not rush for scalp.
Watch your signals, learn how the market works, make notes.
Rinse and repeat for few months, then switch from demo to small real account.
Good luck
L.
  • #12
  • Dec 9, 2016 11:18am Dec 9, 2016 11:18am
something i learned this week is that the wicks on candles are pretty long on some pairs vs. others, so your SL gets hit more often on some than others. for example, eurgbp vs. eur usd. i'm slowly learning every week!
Mother of Pips
  • #13
  • Dec 9, 2016 11:25am Dec 9, 2016 11:25am
(since i cant start a new thread, i will ask this here. hope that is ok!)

does anybody know what the "blue" candles indicate here?

http://www.forexfactory.com/attachme...8&d=1481303931
Mother of Pips
  • #14
  • Dec 10, 2016 3:10am Dec 10, 2016 3:10am
setup is king.No setup No trade.thats how you know what to trade
  • #15
  • Dec 23, 2016 2:30am Dec 23, 2016 2:30am
Quoting pipqueen18
(since i cant start a new thread, i will ask this here. hope that is ok!) does anybody know what the "blue" candles indicate here? http://www.forexfactory.com/attachme...8&d=1481303931
They are secret trading levels!!! 
That guy with the time machine checked them for us
 
We must not discuss these!!
Beware of robber banks (RB), bad advisors.
  • #16
  • Edited 3:22am Dec 23, 2016 3:01am | Edited 3:22am
When to know what to trade ?

Ok, you don't really have to be smart at all to know when to trade:
1. any fool can take profit when the market is trending(!) -bulish market, buy the HL's and sell the HH's - bearish market, buy the LL's and sell LH's;
2. any fool can take profit when the market is ranging(!) buy the bottom- sell the top;

Easy, isn't it?!
Well, logically, it's obvious that the secret consist in knowing when the market it's trending and when it's ranging.

So, any strategy you use, just be aware you need a tool (indicator, method, drawing tool...)
which can give you a hint about the current market behaviour, trend or range.

Example (minimum measure example):
Use the banal ATR to measure the volatility (size) ...and use a banal RSI to measure the momentum (strength).

...I think that's common sense
Quoting Not-KPMG
{quote} They are secret trading levels!!! That guy with the time machine checked them for us We must not discuss these!!
Regards, Not!
Member
  • #17
  • Dec 23, 2016 3:06am Dec 23, 2016 3:06am
Gd advice!! thx!
  • #18
  • Dec 23, 2016 5:57am Dec 23, 2016 5:57am
That all is your decision, you need to know that. You need to figure it out that which is your favorable pair and which is the one you want to trade with.
  • #19
  • Dec 26, 2016 1:00am Dec 26, 2016 1:00am
to trade in forex trading should have maximum knowledge and experience further for success if we want to get. it may be that we have to do in running forex trading business is by learning to prepare all sorts of ways to get consistent profits obtained
  • #20
  • Dec 26, 2016 5:53am Dec 26, 2016 5:53am
Quoting GodfatherSam
That all is your decision, you need to know that. You need to figure it out that which is your favorable pair and which is the one you want to trade with.
That is a good point that every trader should keep in mind. Whatever advice you’re given, in the end it’s you who decides when and what to trade.
1 trader viewing now