What you are saying is not possible every time, for every trader. Testing every strategy and then going to work with one which can give profit is wasting so much time for a trader. Not every one is ready to have such time for testing.
How do I trade Forex?
- Thread starter tradingacct1
- Start date
I am saying that we need to try different strategies until we find the one which is best one for us and until then we need to keep trying new strategies. Wasting time is good then investing in wrong strategies and losing money.
Oh... can you imagine how much time should you spend to create different strategies and test them? Note that much time is needed, cause something made in just 5 minutes or even a couple of day wouldn't work properly for long periods...
That's the thing, we need to stop working on such strategy, if you have wrong strategy, and you have to try another, till you find the best one for you.
required more practice with trial and error, sometime trader felt suitable with scalping, but when facing failure sometime changed work with another strategy, i think focus on one strategy but improve strategy will better than changes strategy many times
Without significant testing, how can you be sure you are not just gambling?
Because if you trade the nearest month's Euro futures instead of EUR/USD, volume is available as well. The correlation between price movements in the EUR/USD and price movements in the nearest Euro future is about 99.9%, so the question you need to ask yourself is whether you want to trade the same thing with volume available, rather than without it being available. Not a very difficult decision, really.
People trading EUR/USD against counterparty market-makers in the spot forex arena are those without enough working capital to trade futures. If you have that, there's no advantage in trading the EUR/USD.
And now we'll doubtless see whether anyone finds this view "contentious".
I thought that looking at volume for EUR/USD futures doesn't really help, because it just follows the spot price, and arbitrageurs make sure that it does.
Both of those things are perfectly true, but neither of them is a reason not to look at it.
Indeed, many techniques for trading EUR/USD from relatively fast-moving timed spot-forex charts actually work a little more reliably by trading spot forex using Euro futures charts with constant-volume bars to time the entries and exits. (It's little known to forex traders, just as it was unknown to me when I was a spot forex trader, because so many spot forex traders don't have enough capital to trade futures anyway, just as I didn't, myself, for a long time.)
Now I understand why yesterday you were calling me sir.I only gave a "like",because i agreed with what you wrote.
Want to offer a service , so kind of you.
No thank you!
I don't dispute your claims that you are in profit,just could not figure it out why so nice for mere "like".
Good luck trading!
I called you sir as a gesture of good will, nothing more, I also liked you back. I'm offering nothing here.