Are you new in forex? Or have you been trading for a while?
No matter how long you have been trading, these resources on how to build a consistent and profitable trading strategy will be worthy.
The most important advice is that the key is comfort. No matter what strategy you use, you have to be comfortable with the system you chose. It has to fit your personality or style in order to last and be efficient. Also, having a personalized strategy will prevent a collapse that could bring more losses than profits.
Alex Ong presents in this webinar what he calls “easiest beginners strategy aroundâ€ÂÂ, a better way for a newbie to make money in the markets. A resource that is highly recommended if you’re starting in Forex
In this enlightening article, Sam Seiden emphasises the importance of simplicity in trading strategies. His advice: the best way to simplify is focusing 100% on where the significant institution buy and sell orders are.
Richard Perry has it clear: having a trading strategy is absolutely vital to help you succeed in trading. In this webinar he explains how to build a trading strategy step by step and what factors you must avoid during this process.
Also visit: Trading Strategies on Educational section
In this article, Charis Charilaou gives some advices on how to optimize trading strategies. What he proposes is to apply money management considerations to the analysis of the market situation.
As he explains, this model will allow you to see “why it makes little sense to get very excited when a trade wins or very upset when a trade loses which results in one more very important added advantage in forex trading: much better trading psychologyâ€ÂÂ.
Have you ever realised there are links between making a good wine and making a good trading strategy? In this podcast Rob Booker talks about them and other interesting things about trading strategies.
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
USD/JPY goes on a roller-coaster ride prompted by geopolitical risk
USD/JPY whipsaws lower and then higher on alternating risk-on risk-off caused by Middle East tensions. Governor Ueda talks about defending the Yen from further weakness and currency-induced imported inflation. USD/JPY price chart shows bearish Hanging Man forming, boding ill for future price action.
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.
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