knowledge of news
A fun and easy way to learn fundamentals for new traders is by practicing with the free Forex Hero App. It'll take you through a trading school and give you real historic news scenarios with information and you answer questions on where you believe the trend is heading to unlock more levels and so forth. What's great is that it's an easy to understand app and it doesn't have popup ads or other bullshit either so it's perfect for newbies
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("I have a profitable grid-system/ Renko-shmenko. Am I a pro now?" - "No.")
If you combine both, you understand better why and what drives the market and can react to the situation faster and appropriately.
("I have a profitable grid-system/ Renko-shmenko. Am I a pro no?" - "No.") ????
can share here publicly or in a private message?
Forgot the 'w' in now.
I personally don't use a grid-system since I'm a single open-position scalper and with the negative positions in a grid-system my hairs (the few I still have) would be gray in no time. Renko is similar, at least pure PA, but you don't understand anything. Only that the market moves. Can they be profitable? Yes, sure. I read about it and also here the whole secret lies in good Money Management. In escalating News situations a nice strategy.
Trading during news increase market volatility and open nice moment for aggressive scalping
Hey man i have a quick question If im using the m1 chart should i use the m5 to get the strength/weakness trend of the pair? Or should i use a more intraday time frame like m15, to catch a trend on the m1?