ParkChoi Posted October 10, 2022 Share Posted October 10, 2022 I prefer using the volume and price action strategy for scalping. This strategy uses volume indicators to look for price action. Technically, low volume is followed by high volume and then price action in the short term and not necessarily in the long term, which makes it highly useful for forex scalpers. Quote Link to comment Share on other sites More sharing options...
nanamage Posted November 12, 2022 Share Posted November 12, 2022 Trading by news is indeed very fast in obtaining profits, but not all brokers allow the use of this technique, such as at xm brokers profit cancellation will apply and the account will be banned. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted December 3, 2022 Share Posted December 3, 2022 Many traders don’t use proper trading strategy rather depend on gambling. Gambling can give short-term success. But long-term results may be inconsistent. So, try to develop a good profitable trading strategy through a demo trading account. Almost all brokers like Hotforex in the forex market offer it to their traders for free. Always start trading with demo account after that invest small money in real account. Quote Link to comment Share on other sites More sharing options...
nanamage Posted November 12, 2023 Share Posted November 12, 2023 Your trading strategy seems methodical and structured. By analyzing the primary trend across multiple currency pairs and timeframes, setting price alarms at key levels, and considering potential pip movements, you're incorporating a comprehensive approach. Monitoring the news calendar for volatile events and using The Forex Heatmap™ for entry verification adds a dynamic element to your strategy. The simplicity, relying on basic trend indicators and real-time visual confirmation, is likely one reason for its effectiveness among many traders. This daily routine minimizes the need for constant monitoring, making it a practical approach for those looking for a more time-efficient strategy. With a good strategy, make sure to pick a reliable broker and avoid falling for scam brokers. It's crucial for aspiring traders to be cautious and do thorough research before choosing a Forex broker. There are various broker rating categories on the WikiFX platform. Here's the top 10 forex brokers in the Dodgy/Scam category as of October, 2023: 1. eXcentral 2. OctaFX (Clone/Fake) 3. Binomo 4. Aximtrade 5. BTC Dana 6. Olymp Trade 7. MRG LTD 8. Headway 9. Stockity 10. Kato Prime Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 20, 2023 Share Posted November 20, 2023 On 10/10/2022 at 2:08 PM, ParkChoi said: I prefer using the volume and price action strategy for scalping. This strategy uses volume indicators to look for price action. Technically, low volume is followed by high volume and then price action in the short term and not necessarily in the long term, which makes it highly useful for forex scalpers. Naked price action trading involves analyzing and making trading decisions based solely on price movements and chart patterns without relying on indicators. It requires a keen observation of price dynamics and can be effective for those who prefer a minimalist and more intuitive trading style. I use this approach with Hotforex and with mixed success. Quote Link to comment Share on other sites More sharing options...
bigxy Posted September 18 Share Posted September 18 Price action traders are among the top successful traders however price action is one of the hardest to learn since many traders uses indicators on charts. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.