Thread: After studying some tips

Hello everyone Im new here in this forum to know more about everything in Fx. Actually Im not new in forex, Ive been reading about this around 6 months but I took a little break to increase myself, now I feel ready to get in the market, but more smarter than before, so What Im asking you here is, Do you have some tips to getting back in the market? I know the big news around. As you can see I know some about FX, indicators, damos, etc. but I need something like strategies Thank you.

I know you were out of this for so long, I was too, some day, but the most important is to get the line, if you read news or watch tv you can see how bad is the financial world, it’s not so good these days, but you can still get in market and trade little to see the behavior.

If you have a chance to see the market while you were away, it could be perfect to you, so you can know what is the next step.

Why did you do this? I mean, you cant be out of fx for so long and get in there like is nothing happened. I don’t want to do that, I want to get off the world but still be in forex, remember is a market that has no stop. Anyway, you need to trade, that´s all I can say.

You have to be careful, the market is not the same, they are right, but of course, since the last time you got in here, the market is the same because you know it, and you know how to trade, so be careful but be yourself.

Hi there,

Here is my forex trading strategy which i use and so far it has given me great results.

Entry Point

1. Decide which pair you are going to trade.
2. Find out all major trends by checking the different interval forex charts. For example, 1 hour, 4 hours and daily forex charts
3. Plot the trend lines through the high points if it is on a downwards trends and plot the low points if it is on an upwards trend. You will need at least 2 months of data to be able to plot out the trend lines
4. Mark the support and resistance levels
5. If the price is almost approaching the trend line you have drawn, wait for it to move through or below the line before proceeding.
6. You might want to also check the RSI indicators to see if they give you a warning. Also make sure to check the MACD and Stochastic levels as well.
7. Make sure for the next 2 or 3 days, there are no major data releases for the two countries’s currencies. It will cause some fluctuations in the prices.
8. Get in and start trading but use no more than 10% of your capital
9. Place a stop loss but do not place it so far enough that you won’t make a profit. I would suggest 100 pips as a recommended stop loss point.

Exit Point

1. Put a take profits limit order. Set it to between 30 to 50 pips. If possible, place it just ahead of a major support or resistance level. Also, make sure your limit order is about 15 to 20 pips away from the S/R level.

Hope you found it helpful.

Enjoy and Merry Christmas...

I know some of you though I was crazy to did that, but sometimes you need more than one day to get ready for the market, I realized I wasn’t ready enough so I decided to take that break. Let me tell you something, it´s good to get out, but it´s hard to come back.

Originally Posted by alisha

I know some of you though I was crazy to did that, but sometimes you need more than one day to get ready for the market, I realized I wasn’t ready enough so I decided to take that break. Let me tell you something, it´s good to get out, but it´s hard to come back.

Look it absolutely necessary for every trader to use brain rather than emotions and the decision which you have taken I am totally with you. its better to take time rather then loosing money in trade run. i am sure you would definitely make a mark on the return. my best wishes are with you.

I like the ideas from Jenforex, it can be helpful if you do that, I know Alisha needed time to get increase ideas, but I think she did it in a wrong time, because there was too much news those days.