Strategy Trade | Currency Futures


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Strategy Trade

  #5 (permalink)

kuala lumpur+selangor/malaysia
 
 
Posts: 7 since Dec 2013
Thanks: 5 given, 1 received

strategy trade


conorcoen View Post
I don't think there's a 'best' strategy for intraday FX trading. Just start out by picking a directional bias through fundamental and basic technical analysis and start putting on positions as the trend pulls back or as the range hits an extreme, cut losses short and don't be afraid to keep taking small positions until your bias changes. Also time of day has a lot to do with consistent intraday set ups.


Well said. Afterall, trading forex is basically an Art combined with Science. Once, you are familiar with a standard

strategy/ system, follow through and continuously using it to perfect your skills. Have minimum 2 strategy/systems

and keep on practice it and at the same time, share and improve the techniques after interacting with other traders.

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