See, there are no two days alike in trading with changes in the market volatility, a stronger or weaker trend, or even change in the range and this is where a trader needs to identify whether he/she should implement his strategy or not. As a trader, I would suggest you look at the price action each day and then decide whether it’s feasible to implement the strategy.
I think you should just stick to the strategy and not focus on other irrelevant things like this. You can try Price action, scalping, day trading and other profitable strategies. Good luck.
That entirely depends on your experience and how you like to trade. If you are comfortable with using one strategy that is profitable, you can easily stick to it for all your trades. But if you want to keep experimenting with different ones, that is also great.
Hey Cortney, I haven’t had a great experience with brokers guiding and stuff but I’m sure there are some that do. You’ll have to look for them.
I use different brokers for a bunch of strategies that I use for my trade. For example, I use Fxview whenever I have to hold a position for long term (cause of their lower roll over rates) and when I’m day trading, I go with XM or Charles Schwab.
I agree! There is no point in focusing on the irrelevant stuff when clearly there is something more that traders can keep their eye on.
I can’t really recommend one because every trader has a different trading requirement and they trade according to their trading style. But I can tell you the brokers I have used so far. ICM, Avatrade and Fxview are the ones I’ve traded with and I started with a demo and then eventually moved on to the live accounts.