ermaniso2011 Posted January 21, 2012 Share Posted January 21, 2012 hi l want to ask you if how do you decide to buy or sell or to open a position?do you write down the reasons?do you really content with your decisions?do you only opening from the signals from indicators or fundamentals? Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 22, 2012 Share Posted January 22, 2012 This is one good thread and I hope that senior traders with good strategies wil be open to share their knowledge. I always use my demo account to check the market, where the trend is going. I only come in when I see a trend. Quote Link to comment Share on other sites More sharing options...
rexway Posted January 27, 2012 Share Posted January 27, 2012 With indicators signal i dont think is wise to make a decision to open a position...market direction should be properly studied befor this can take place. Quote Link to comment Share on other sites More sharing options...
traderf Posted January 27, 2012 Share Posted January 27, 2012 I just belive in my feelings! sometimes, the analyst can only hurt and confuse, so I always listen to my instincts Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 29, 2012 Share Posted January 29, 2012 I just belive in my feelings! sometimes, the analyst can only hurt and confuse, so I always listen to my instincts In my initial trades, I also follow my instinct. In some trades, I managed to win significantly that it made me feel confident with my skills. But after some time, this instinct made me lose more, almost all the money in my account. I think, better to be prepared with a strategy. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 Well analysing trade first with demo account befor risky your hard earn money is always the best way from my own point of view Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 4, 2012 Share Posted February 4, 2012 Well analysing trade first with demo account befor risky your hard earn money is always the best way from my own point of view Yeah, this is good. It is better to be safe than to be sorry. The only problem with this is you lose the opportunity to earn more. But then again, through patience, you will get to that point which you have targeted. Quote Link to comment Share on other sites More sharing options...
stezz Posted February 12, 2012 Share Posted February 12, 2012 I just belive in my feelings! sometimes, the analyst can only hurt and confuse, so I always listen to my instincts if you use this strategy ithink this more like gambling than trading Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 13, 2012 Share Posted February 13, 2012 if you use this strategy ithink this more like gambling than trading For me, we just don't know it but we trade a lot with our instincts. Even if we have a good strategy, we do not really know what will happen to the market. We have our strategy and when we trade, we like to feel that our strategy is OK. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 4, 2012 Share Posted March 4, 2012 Well there were several factors and normally will depends on the different analysis. Both technical and fundamental analysis. So for sure we check it on the indicators and what is showing us and also the news we need to monitor. Quote Link to comment Share on other sites More sharing options...
rexway Posted March 11, 2012 Share Posted March 11, 2012 Listening to news and event in a particular country pair that is to traded is another good way to forcast the market befor opening a trade,but for me another method which I adopt yesterday is that i will go to forex factory.com website and do some analysis then wait for a market to react after that I can then go ahead and open my position if the market reaction works in my favour Quote Link to comment Share on other sites More sharing options...
budado Posted March 11, 2012 Share Posted March 11, 2012 Well there were several factors and normally will depends on the different analysis. Both technical and fundamental analysis. So for sure we check it on the indicators and what is showing us and also the news we need to monitor. Start your day checking fundamental analsysis. read the news, economic calendars, broker sentiments, and forecast. Then do technical analysis. Check if the market behave just like what the sentiments is showing. If not then I guess you trade with caution. As its maybe a delay reaction or theirs a latest news that result for reversal of sentiments. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted March 21, 2012 Share Posted March 21, 2012 My positions are based on the technical indicators as well as the trend of a currency pair. I also look forward to buy positions on the break of support or resistance level which is a wiser option as break of these points leads to a better trend movement of a currency pair. Quote Link to comment Share on other sites More sharing options...
budado Posted March 21, 2012 Share Posted March 21, 2012 My positions are based on the technical indicators as well as the trend of a currency pair. I also look forward to buy positions on the break of support or resistance level which is a wiser option as break of these points leads to a better trend movement of a currency pair. Why will you going to buy a position on resistance level? If you are in resistance level the best approach is to sell unless theirs breakout. Its really good if we open a position near the support or the resistance level. In this way if ever the market become volatile we have some breathing space. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted March 26, 2012 Share Posted March 26, 2012 Why will you going to buy a position on resistance level? If you are in resistance level the best approach is to sell unless theirs breakout. Its really good if we open a position near the support or the resistance level. In this way if ever the market become volatile we have some breathing space. For me, the safest and the best position is those when a trades takes a position only after the breech of resistance or support level. As you said you open a position before the break or either the resistance or support level, this is a risky thing to do as then we might see a retracement at those levels or even reversal of a trend in a few cases, however most of the times, the resistance of support level get broken... Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 28, 2012 Share Posted March 28, 2012 First is to spot a potential trading set up. The next thing to do is to confirm with your system that it is tradable and then wait for a confirmation. Before this, you should take a look around if there's any important economic situation you think might affect the markets. Once a confirmation to buy or sell is give, the trade is taken. Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted June 12, 2012 Share Posted June 12, 2012 I don't think more than twice on one thing, when I'm concerned on opening an order i just do it, no matter what happens next! just kidding I always analyse first Quote Link to comment Share on other sites More sharing options...
luckyvoy Posted June 14, 2012 Share Posted June 14, 2012 I look at chart to find the range it is trading in, and wait to find the prices near lower bound to open long position, or a break out confirmation upward to open long trade. Quote Link to comment Share on other sites More sharing options...
euro Posted October 10, 2013 Share Posted October 10, 2013 You either enter at the lowest price to buy low and then sell high or you scalp. So when you get a signal to buy or when you spot a trend to scalp and you think you can make good money from it then go ahead and then scalp it. So you can make some money from scalping as well. There are opp to scalp as well. Either way you can enter when there is an attractive price that will help you make money on the market but just don't enter when its too high since you might not make as much money from it. Quote Link to comment Share on other sites More sharing options...
davils9 Posted November 10, 2013 Share Posted November 10, 2013 Forex is a most important business for the man and woman. One man can make money from this market if he want and it is a best opportunity for the every man and woman. But now a days students are most here. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 1, 2013 Share Posted December 1, 2013 When i want to open a position, i will look at the news result first, is that really good or above the expectations or even below of the expectations of all traders, usually this will be affect the sentiment of the market greatly and of course i will open position to buy if the result is good and sell if the result is bad. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 6, 2013 Share Posted December 6, 2013 I think forex trading is most important business and it is a legal business. There are no any business like it and man can not make money more and more like it. So it ia a important business. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 7, 2013 Share Posted December 7, 2013 I like forex business so much and I want to be a successful trader. When My study will be end I will start my forex business and it will be success of my life and I will be rich soon. Quote Link to comment Share on other sites More sharing options...
euro Posted December 15, 2013 Share Posted December 15, 2013 I think if you see a trend that you can scalp then you open a position. If you don't see anything then you don't open it. I think you open a position when you think you can make some money from it. I think forex gives us a lot of scalping opp as well in the day. However forex can be risky so we have to ensure that we can get a profit or else we should not enter at all. Its horrible to enter and then have to exit right away. Quote Link to comment Share on other sites More sharing options...
screw_twizz Posted January 2, 2014 Share Posted January 2, 2014 Very well there have been many components along with normally may is dependent upon the several research. Equally complex along with fundamental research. Thus definitely all of us check this about the signals along with what is demonstrating you as well as announcement we must keep an eye on. Quote Link to comment Share on other sites More sharing options...
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