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You Should Build Trading Plan.

Discussion in 'General Forex Discussion' started by Robert Dudash, Sep 13, 2019.

  1. Robert Dudash

    Robert Dudash ECZ Member

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    You should build trading plan. The main core of your trading plan will be Fibonacci tools. First include Fibonacci retracement and extension to your plan. Next, you need some signals which help you to enter and exit positions. The logic here is that when price is in uptrend and correction occur, you draw retracement levels. When price is near one of them, you do not know which one will be a support. That is ok, because you define your own signal and when price return to move up from correction, you get your signal. It might be something simple like moving averages crossover or signal from some oscillator.
     
  2. John Hussy

    John Hussy ECZ Member

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    In Fx trading each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this. As a scalper from my first day of trading I have been using LQDFX which for all time make sure best trading environment for scalping by providing lowest trading spreads from 0 pips. So, my trading life is very much comfortable when scalping.