What is a trading strategy?
It’s never a good idea to make your trading decisions based on a feeling. The most successful traders are those who devote a lot of time to learning about the markets and developing a strong sense of risk management through proper use of trading strategies. Learning about the markets helps you begin to see patterns, trends and conditions in the market and, eventually, the strategies themselves will allow you to predict the most probable outcomes.
How to use trading strategies?
All trading is risky, that is why learning about trading strategies helps you manage the risk. This all
comes with experience, but one of the best ways of learning how to use them is by practising on a
demo account, which allows you to test your strategies in a live environment that carries zero risks
since you’re not investing a single dime of your own money.
Demo trading builds your confidence to start real-time trading, so it’s a good idea to take your time and practice as much as possible first.
Once you’ve figured out which style suits you best, it’s time to start exploring strategies. Here are some of the most popular ones
In many situations it is relatively easy to determine the direction that a market will probably take in the future.
But when it comes to timing, i.e. determining when to specifically enter and exit the market, even experienced professionals get into trouble.
In order to make such a decision you can look to all sorts of sources of information from fundamental data, technical indicators, market news, chart information, event astrology is sometimes used by traders when making their forecasts, and all of this information is available as software or on the internet.
No wonder that traders feel lost in this jungle. It is also clear what one dreams of in such a situation; of an instrument that is simple to use and leads to assured success.
We at adblue have made this dream our mission. The principle that we are applying is the translation of useful information and calculations into clear signals that can still be adapted to each trading approach.
Knowing that markets move is one thing. To act precisely,
it is also important to know your precise speed and your momentum, which is why we
developed the PipVariometer. Pip is used to indicate the smallest unit of an
“To pip” also means to beat out someone by the smallest possible margin. Thus, it makes the little pip important to you. The PipVariometer allows you, via a drop down menu, to view three different instrument pairs at once.