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Best strategy for a new person.
- Thread starter tedmos38
- Start date
What strategy do you scalp with? Is it the bestest for a new person?for using scalping still i am using EUR/USD.
If not, then
Here's mason's boy Al to share some of his tips...
same condition i have, most of the time use GBP/USD, EUR/USDfor using scalping still i am using EUR/USD.
i use all exotic pairs in demo account to see the performance how it works.
For beginners looking for live trading experience, I suggest using a lower leverage broker and trading EUR/USD since they are more volatile when compared to other currency pairs.
the beginners level should choose the pair which has most lowest trading spreads. otherwise it will be a tough game to survive.
Don't forget interest rates on margin.the beginners level should choose the pair which has most lowest trading spreads. otherwise it will be a tough game to survive.
Imo, if you are new to trading and do not have enough market knowledge, you can give copy trading a try. You can follow and copy expert traders’ trades and can also learn from their insights. Would recommend testing it yourself on platforms like zulutrade and etoro using their demo accounts.
beginners should trade demo account minimum for 3 months. but i have seen most of the beginners ignore this session and start live trading without learning.