TRADING STRATEGY page 2

Trading is a highly competitive field that requires skill, discipline, and knowledge. Whether you are a beginner or an experienced trader, there is always room for improvement when it comes to trading performance. If you want to be successful in trading, you need to have a solid strategy, proper risk management, and a strong mindset.

The forex market, being the world's largest and most liquid financial market, witnesses the trading of trillions of dollars on a daily basis. As a market that operates round the clock, traders of forex have the advantage of trading at any time. Nevertheless, determining the most favorable time to trade forex is a commonly asked question, particularly by novice traders. The answer to this question depends on a variety of factors, including market volatility, liquidity, and trading sessions.

Alan Hall Andrews is a rather famous trader, formerly engaged in the study of financial markets. One of the areas of his work was to find ways to determine the expected boundaries of the future trend by the first movement after the anticipated reversal. Andrews` pitchfork indicator appeared as a solution to this problem, this tool has become so popular that today it is included in the standard set of most trading terminals.

A very popular question is, "How long should I learn to start earning on forex?" Not surprisingly, because when coming to work everyone wants to know how long it will take to get paid. However, investing and trading in the financial markets is different from the usual type of work, it will always be an individual job.

An inside bar can be part of an extremely effective price action strategy. However, the effectiveness of the inside bar is highly dependent on the market context. In other words, the inside bar by itself is not a working trading setup. We need to see additional factors that tell us that the potential profit is worth the corresponding risk. And that's not always easy, because you have to consider several components at once.

Everybody makes mistakes sometimes - that's absolutely normal. Mistakes are especially common at the beginning of the professional journey. But the problem is not about them, but about how we assess these mistakes and whether we can find and eliminate the causes in time. One of the most common causes of mistakes is fear. The decisions we make, giving in to this feeling, make us break the rules of our own trading system and strategy. So what is this fear based on, how it affects us, and what to do to cope with it? Let`s try to figure it out.

How do you know which trading strategy will work best in your particular case? You won't use them all at once. What kind of trading should you choose? Intraday, swing, position trading, or scalping? Or combine several trading strategies? Let`s try to break it down.

If anyone thinks that only supercomplex methods using the best indicators can help traders in their activity on financial markets, they are greatly mistaken. Practice shows that in most cases successful traders are those who do not chase something new, but use simple, time-tested strategies. We are going to talk about one of such trading strategies today. This trading system is called channel strategy. This strategy is noteworthy because traders regardless of their experience and time spent in the market can master it and use it in trading.

In the bright, loud advertisements everything is so easy and beautiful: novice traders get quick returns with minimal time expenditures, and they reach stable earnings. In reality, the situation looks somewhat different: the majority of newcomers play by intuition and lose the whole deposit in a short period of time. Only a precise and skillful strategy will let the forex traders reach their goal. Today we will talk about trading strategies: the essence of trading strategy, their types, and application. Basically, everything a beginner trader must know before jumping in with both feet.

Currently, the forex market offers numerous different tools to improve trading. Experts in financial markets develop both simple trading strategies, which will be convenient for novice traders, and complex systems, combining several strategies. Besides, experienced participants in the market develop their own strategies for their trading. They base their systems on the elements of technical analysis, trend lines as well as support and resistance indicators.