What are the popular strategies people are living off of?
- Thread starter sagwa02
- Start date
This is my system im making a living from, does all the technical and fundamentals for me and tells me where im at in the market moves, kinda like the avionics a pilot uses to fly forex is no different.
I'm honestly not sure what they are, but you have to be very careful when working with forex. I also know that trying out demo account while you are still trying to develop a good way to trade is something that is worth while. Just be careful when using a demo account because demo trading may cause you to develop certain risk-loving behaviors that will surely ruin your live account in no time. It all comes down to trading psychology. Top Forex brokers will try to caution you against putting too much faith in trading results achieved with a demo account, mostly because such achievements are emotion-free.
Scalping, news trading, dozens of technical trading strategies. All of them carry high level of risk (some of them even more if you combine large lots and 1:500 leverages) so you can make 5K from 100$ keeping yourself in a very tight MM frame, but then lose half in one trade. Forex trading is very difficult because of improportionally high level of risk to your deposit size
Buy and hold.
I think another strategy trending as of now is The Bladerunner, it's an exceptionally good EMA crossover strategy, suitable across all timeframes and currency pairs. It is a trending strategy that tries to pick breakouts from a continuation and trade the retests.
Or you can talk about the Fibonacci Pivot Trades that combines Fibonacci retracements and extensions with daily, weekly, monthly and even yearly pivots. You should read more on this.
Yeah! and the truth is, trading signals generated by the Blade Runner strategy are based on pure price action. Off-chart indicators are not needed, but can always be added as a source of added confirmation. Instead, most of the focus is placed on price activity itself, which means that the use of support and resistance levels, pivot points, and candlestick formations might prove beneficial when looking for new opportunities.