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Hello Everyone ππ€,
Since I started trading forex a year ago, this community has taught me a lot. But as everyone knows, there can be a lot of volatility in the currency market, particularly given the current state of uncertainty in the global economy. I would be very grateful for any guidance or thoughts from seasoned traders here as I am trying to build a more resilient trading technique that can handle market volatility.
Risk management: In such unstable times, how can you control your risk? π€ Are there any particular methods or resources that you find especially useful for safeguarding your investment? π€
Technical Analysis: When there is a lot of volatility, what indicators of direction or patterns on charts do you use to determine possible entry and exit points? π€Do you modify your parameters or indicators in response to changes in the market?β π€
Fundamental Analysis: In your trading approach, how much importance do you place on fundamental analysis as opposed to technical analysis? π€Do you keep a close eye on any particular economic data or news stories that you believe have a big impact on the currency market? π€
Trading Psychology: Why do you stay calm and collected when the market when turbulence is high? π€Any advice on maintaining composure and concentration in the face of volatile markets? π€
Automated Trading Systems: In times of market volatility, have any of you found success using expert advisors (EAs) or automated trading systems? π€If yes, could you describe your encounters and suggest any trustworthy systems? π€
I also followed this π https://www.forexlive.com/Education/8-steps-to-building-a-strong-minitab-trading-plan-20230428/
I can't wait to improve my trading approach and gain knowledge from your experiences. We would also be very grateful for any books, courses, or other materials that you found to be especially beneficial. I appreciate your insightful comments in advance and your wonderful community.
Thank you π in advance.β
Since I started trading forex a year ago, this community has taught me a lot. But as everyone knows, there can be a lot of volatility in the currency market, particularly given the current state of uncertainty in the global economy. I would be very grateful for any guidance or thoughts from seasoned traders here as I am trying to build a more resilient trading technique that can handle market volatility.
Risk management: In such unstable times, how can you control your risk? π€ Are there any particular methods or resources that you find especially useful for safeguarding your investment? π€
Technical Analysis: When there is a lot of volatility, what indicators of direction or patterns on charts do you use to determine possible entry and exit points? π€Do you modify your parameters or indicators in response to changes in the market?β π€
Fundamental Analysis: In your trading approach, how much importance do you place on fundamental analysis as opposed to technical analysis? π€Do you keep a close eye on any particular economic data or news stories that you believe have a big impact on the currency market? π€
Trading Psychology: Why do you stay calm and collected when the market when turbulence is high? π€Any advice on maintaining composure and concentration in the face of volatile markets? π€
Automated Trading Systems: In times of market volatility, have any of you found success using expert advisors (EAs) or automated trading systems? π€If yes, could you describe your encounters and suggest any trustworthy systems? π€
I also followed this π https://www.forexlive.com/Education/8-steps-to-building-a-strong-minitab-trading-plan-20230428/
I can't wait to improve my trading approach and gain knowledge from your experiences. We would also be very grateful for any books, courses, or other materials that you found to be especially beneficial. I appreciate your insightful comments in advance and your wonderful community.
Thank you π in advance.β