As someone trying to find your edge in the market, i would suggest you stick with just one pair for now, understand it so well, know your confluences be so good at it and ignore the urges to trade other pairs for now, after you've done that you can then move to another pair, but take it slow, just one pair is enough to change your life and trading journey forever believe it. More love ❤
For knowing what currency pair you should be trading, it advisable to backtest the pairs you have in your watchlist then figure out the one(s) that your setup work best on, then trade it(them), but it's advisable to trade either one or two pairs, cause it helps remove distractions, although most mentors would advise you stick to one pair since you're just starting out.
@@emmanuelibeoko thank you Emma, I will take it into consideration. Backtesting has been a challenge because of light and analyzing with phone is very annoying😭
Swing trading Use 4hr timeframe only Trade M and W formations (wait clearly for it to form then enter trades, 50-100 pips move) EURUSD, GBPUSD, XAUUSD(gold is very volatile, use small lot sizes) Use exness broker Practice on demo account before using real account Account leverage, use 1:1000
For me, I think your style of trading and your personality will help you determine what type of trader you are, for me I deal mainly with the 15M and 5M timeframes and I don't like holding trades for long, so I call myself an Intraday trader.
I think you should try both, 1 year intraday trading, Then 1 year swing trading. Compare your results and decide. Concerning your watchlist, a lot of pairs may confuse you like you said So I suggest you choose 3 pairs and get dialed in.
As someone trying to find your edge in the market, i would suggest you stick with just one pair for now, understand it so well, know your confluences be so good at it and ignore the urges to trade other pairs for now, after you've done that you can then move to another pair, but take it slow, just one pair is enough to change your life and trading journey forever believe it. More love ❤
Thanks man. I’ll take this into consideration 🙏🏽
Weldon ❤🎉🎉🎉
@@precious_olisakwe thanks dear 🙏🏽💕
keep up love
@@Miraforex thank you baby girl 🫂💕
Keep going My sister your trying ❤❤
@@HenrymillerJoseph thank you dear 💕
For knowing what currency pair you should be trading, it advisable to backtest the pairs you have in your watchlist then figure out the one(s) that your setup work best on, then trade it(them), but it's advisable to trade either one or two pairs, cause it helps remove distractions, although most mentors would advise you stick to one pair since you're just starting out.
@@emmanuelibeoko thank you Emma, I will take it into consideration. Backtesting has been a challenge because of light and analyzing with phone is very annoying😭
@@Ivymikah true, sorry about that, but you just have to do it
@@emmanuelibeoko sure, thank you for your time to 🙏🏽
Swing trading
Use 4hr timeframe only
Trade M and W formations (wait clearly for it to form then enter trades, 50-100 pips move)
EURUSD, GBPUSD, XAUUSD(gold is very volatile, use small lot sizes)
Use exness broker
Practice on demo account before using real account
Account leverage, use 1:1000
@@AnthonyEbukaObaze this is very explanatory. I’m taking a screenshot lol. Thanks a lot
@@Ivymikah Just master it, You can be profitable with M and W strategy
@@Ivymikah You enter for a SELL when M formation plays out,
Then enter for a BUY when W formation plays out
@ this is the first time I’ve heard something like this, thanks 🙏🏽 I’ll definitely look into it
For me, I think your style of trading and your personality will help you determine what type of trader you are, for me I deal mainly with the 15M and 5M timeframes and I don't like holding trades for long, so I call myself an Intraday trader.
I’ll try to figure it out, possibly take a personality test lol
I think you should try both,
1 year intraday trading,
Then 1 year swing trading.
Compare your results and decide.
Concerning your watchlist, a lot of pairs may confuse you like you said
So I suggest you choose 3 pairs and get dialed in.
@@patrickkaife this actually makes a lot of sense. Thank you so much 🙏🏽
@@Ivymikah
My pleasure
Stick to one pair...look for a pair that suit ur style of trading strategy...i love trading gold, i like a volatile market...
@@StellaGowon thanks dear. I’ll take this into consideration 🙏🏽💕