Trading Strategy

Successful trading is a complex endeavor that requires a significant investment of time, market knowledge, and understanding. It also necessitates a high degree of self-discipline, as managing one’s emotions is often the most challenging aspect of trading. To achieve mastery in trading, it is essential to first master one’s emotions.

Trading Strategy

My trading strategy is based on a combination of technical analysis tools, including Exponential Moving Averages (EMAs) and Japanese candlestick charting techniques, as well as fundamental analysis and price action. Additionally, I utilize a Sentiment Index, which is based on transaction flow information and is designed to indicate the ratio of long to short positions in the most popular currency pairs.

The strategy employs multiple timeframes, including M1 and M5 for entries, H1, H4, D1 for identifying the trend for the week, and MN for determining key support and resistance levels. I typically prefer to hold medium-term positions (up to one week) but will occasionally engage in scalping positions for less than an hour. The average trading lot is determined by dividing the equity by 500-1000 pips.

It is important to note that this strategy carries the potential for drawdown, with a projected maximum drawdown excluding expenses of 50%. As a professional trader, I am fully aware of the risks associated with margin trading and take steps to minimize these risks through careful trade planning and the implementation of risk management tools. However, it is important to acknowledge that the risks of Forex trading remain substantial. Therefore, my strategy primarily relies on interpreting market conditions and making human decisions for entering and exiting trades, without the use of stop and limit orders. Master your emotions first, then you will master your trading!

10 trading tips from Intomillion

  1. Remember that trends in the market tend to persist, so it is wise to align your trades with the current trend.
  2. When analyzing the market, it is crucial to base your decisions on observable data rather than assumptions or preconceptions.
  3. Emotional control is a vital skill in trading, and mastering it should be a priority.
  4. Instead of focusing on the number of pips, focus on the percentage movements of the market. This will give you a better sense of the potential returns on your trades.
  5. To minimize potential losses, it is often beneficial to exit losing trades quickly. Conversely, it can be beneficial to hold onto profitable trades for a longer period.
  6. It is important to avoid over-trading, taking a break from trading can help to prevent impulsive decisions.
  7. The market is often more powerful than individual traders, so it is important to maintain a humble and realistic perspective.
  8. Following the lead of more experienced traders can provide valuable insights and strategies.
  9. Stay informed about current market news and trends.
  10. Continuously strive to improve yourself as a trader, rather than simply aiming for short-term gains.
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    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.