I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?
I think that trading based on technical analysis is more risky, but it can also be much more profitable.
Additionally, you can use a leverage of up to 1:500, but then you have to be very careful and use small amounts.
You can also combine all three techniques. Try to find the moment of the event, use (even basic) AT tools, and if you expect a change in a short period of time, you can also use leverage.
Such a combo can bring amazing profits.
It's best if you test it live on a demo version. There are many exchanges that offer this option, but I was testing it on the SimpleFX platform and it works well for me - link in my signature
Good luck!