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True Neal! Low volatility = high liquidity. So, trade when the spreads are low during major forex sessions.

I don’t think it’s a good enough strategy. Stop-limit order does guarantee a price limit but you won’t be able to trade. Imagine not being able to place the order before the market price drops because of the limit price. How many times can you afford to lose?

Did you know that the spread can vary over the course of the day and result in high and low spreads?

That’s what majority do, exotic currency trading is just for the experienced mostly

Well yeah demo accounts are used mainly for testing purposes. There are high chances that the real market conditions like liquidity aren’t reflected accurately.

You’re right here Morkel. In fact I’ve been able to make better trading decisions (keeping my emotions at bay) with stop-loss order. I just love stocks and many more traders would feel the same, but won’t deny that it does create an allusion that it’ll come around if we stick to the failing ones...

But don’t you think this way a person would never develop his own strategy?!

I’m a day trader so what could be the best stochastic setting according to you?

Yes, there is a difference but that should not bother you, if you have just started trading. You are in the learning phase. Stick to demo!

If you’re able to identify the trend and the level at which the price could pullback for continuation and managing risk, you’re good to go. But that’s the risky part of it all :P

For a newbie yes, but as one grows in experience one should look at exploring more avenues. Why not earn profits from more price movements?!

That’s so right, out of all the financial markets it’s only in forex that one can devise a strategy where you can be close to sure of its working. I actually looked at binary trading as an option but the randomness of it all made me change my decision and I have only been sticking to forex since...

Go with EUR USD for initial months

@George858 With you mate, like I was sayin before, yen’s performing better in comparison, so it could reach that spot.

Hey Elizabeth, good to hear that there’s someone who still demo trades despite the experience. With me, I was confused whether I’m a short-term momentum trader wanting to capture 10-20 pip moves or prefer using low leverage and hold on to long term positions. Finally realized what I wanted after...

Regulated brokers are no doubt important!

I must say I am surprised with the figures, especially of eurgbp

Do you combine intraday with other strategies?

I suppose it’s the better recovery of every other currency save USD and even GBP. Let’s see how it fares in the next few weeks.

Yes, MACD works for me too. It really is the best when it comes to following a trend and I rely on this indicator a lot.