What its bettere way to profit

[pippin]

There is no guaranteed path to success in forex trading, but using strategies can help you increase your chances of success. A good strategy can help you make better decisions about when to buy and sell currency pairs, and it can also help you manage your risks. There are a number of different forex trading strategies out there, so it's important to find one that fits your goals and trading style.

Yes agree with your point. We should carefully manage losses and profits will surely come later.

 

[Gymnosophy]

I’d advise you to increase the scope of your knowledge and hone your trading skills. This is only the way to be a profitable forex trader in the long run.

 

[Cradere]

Skills and strategies are always better than indicators.. Beginners should focus on learning the market and practising to the core. Start by learning the basics and trade on a demo account before entering the live market. Learn all the fundamentals, technicals, and risk management to prevent yourself from blowing your account.

 

[oo7rai]

What its bettere way to profit, indicators or strategies?

i think the both

 

[Allegator]

Both are important, and both come with their own set of pros and cons. To say that one is better than the other might not be a good idea. A combination of both might work the best. But it depends on you what you prefer.

 

[fawfx]

scalping or hedging a trade but it is very risky in volatilty market.

 

[Tempera]

The only way to gain profit in a fast growing market like this, is by learning and applying every skill to bring in potential profit. By creating a solid trading plan, adding risk management to the equation and doing whatever it takes to get it. Many traders get lazy and depend on luck, they fail. Backtest a few strategies, select the one that looks more promising. Stay focused and don’t get carried away.

 

[HeavLeighGill]

That depends, but I wouldn't put too much reliance on indicators.

 

[jamesx1x]

Find a strategy that suits you and keep your risk at 2% per trade.

 

[BinarySumo]

It is difficult to definitively say whether indicators or strategies are better for profit, as both can be useful tools for traders. Indicators are statistical calculations based on historical price and volume data, and can be used to identify potential trends or patterns. Strategies, on the other hand, are specific plans for how to approach the market, and can involve the use of indicators as well as other tools and techniques. Ultimately, the best approach for profit will depend on an individual trader's goals, risk tolerance, and trading style.

 

[dahlia_45]

The best way to make a profit is by following these steps:
-Choose a strategy that suits your risk tolerance and goals, stick to it, and regularly review its performance.
-Implement proper risk management techniques, such as setting stop-loss orders and limiting the amount of capital you expose to each trade.
-Stay informed of market developments and analyze the factors that impact currency prices, this will help you make informed trading decisions.
-Don't put all your eggs in one basket, spread your risk by investing in different markets or currency pairs.

 

[ottodickmann]

Of course strategy is on the first place. Indicators just help to make it more perfect.