Hi, all
There are so many doubts in everybody's mind that If there is strategy that can make us consistent money and the answer is "NO", Because We all expected returns in big way and there are not too many day traders that fetch consistent returns unless who are having tons of experience and making that experience counts and knows their limitations .
It all about keeping things simple and Look to rely on
simple naked charts to trade and keep a track record of your losses and wins and always use
Money Management while entering and exit because Even simple RSI buying selling ratio should be good enough strategy to make money because when they fail you know when to exit and what are the chances of making a big trade with
Strong money management techniques.
Question Arise from Expectations and when hard work don't met expectations then depression use to dominate and that is what the story of every retail trader and I am also the same.
Problem we face is that we check so many social media networks with the same relative information and look to search google to see what is the
best strategy and what is the consistent way of making money and We have to satisfy ourselves with bunch of traders are looking for the same sort of results.
I would advice you all to see the search engine with relative searches on the monthly basis on a same topic (say Forex price Action ) and you will be shocked to see that whether there are people who know how to trade and the resources which tell them how to trade are worth it to give it a try.
I always believe in working alone or Same people working on same project but with divided duties and every one should be answerable to his or her boss for the results and
Forex is not the different because when we try to trade we always look for help and search or look out at forums for the views and
Trade Ideas of other traders and even do the worst loads lots of indicators for help to look for price action and see if it helps.
I believe in Keeping Your Trading Simple
The key to
successful Price Action Strategy is to keep things simple. I am always against the complicated trading strategies and using lot of Indicators where you can hardly see the price or hardly consider
price when you want to predict the price action. I used to trade the chart system like this :
In Simple words, the simpler your method would be, the easiest it would be enter and exit. Because if you rely on some
indicators to react while looking to exit then it might react very late because they are lagging and always react to price.
My answer to all you complication is first open a naked chart and plot few
support and resistance line and look how price behave to it when it touches or surpass them and there is no need to look way behind in reference to take a look at historical chart to catch the reaction.
I find that this is the
best Forex strategy
as the chart is clear and easy to understand and there is little to no
noise distracting you from the price. This is one of the benefits of
using a
Forex system like this.
