Question: What Is the Best Trading Strategy?
There is no one-best online trading strategy, as the best strategy involves a matter of where you are financially in your life, and how you perceive things around you. Since we are experts in the field of trading, and the go to source for trading strategies, we get asked this question a lot.
I wish it was as easy to answer, but it is not. It involves a number of complications which we will try to answer as best as we can, and in order to best explain this question to you, we would have to go a bit more in-depth.
The answer to this involves you. What is best for you and your circumstances? What style do you feel comfortable trading with? We are going to go through a step by step question and answer session, and by the time we are done, you will know exactly what strategy will be perfect for you.
It would be easy for me to say that the best strategy is one that is focused on price, but then again that is my opinion, and is true for me. You might not trade at the same time I do or even for the length of time I trade for. For that reason, a trading strategy is best and more prone to being successful if it is tailor-made for you.
When we are done with this article, you will know exactly what trading strategy is ideal for you.
First things first though. Bookmark this page so that you can easily navigate back to it without hassle, because you are going to need to read this information more than once. You will use this to help you build a custom-made strategy for you. We will pinpoint many different trading strategies, and examples to help you work from. For instance, take a peek at this strategy called the Gann Fan Trading Strategy.
Question: What Is the Best Trading Strategy For Intraday?
Intraday is a strategy that will consume a lot of your time, as you have to study and go through different charts for the most part of the day. As these are charts that will help you trade for the day, they require a lot of focus. Rather choose a different strategy if you’re not good at focusing, as intraday will be very difficult to master. Here is a list of strategies ideal for intraday trading:
- Big Three Trading Strategy
- RSI Trading Strategy
- Stochastic Trading Strategy
Question: What Are the Best Forex Trading Strategies and what are the best forex brokers?
The forex market is quite volatile and as such price movement is extremely high. This can contribute to fakeouts which can easily move you out of your position. For forex trading it is beneficial to use strategies that will allow you to incorporate a stop loss. A stop loss will help you eliminate quick stop outs. The next three strategies are great when you start out with forex trading:
- The Best Macd Trend Follow Strategy
- Trend Following Plan for Trading
- Chart Patterns Step By Step Guide
Question: What Are the Best Strategies for Beginners?
Beginner forex trading strategies pivot around the point of how long a position will be held. It is essential to know this beforehand. Trades that are held for less than a day are known as day trades. Should you follow this route you should find a day trading strategy to follow as your guide with each trading session. Follow any one of the following beginning trader strategies:
- Harmonic Bat Pattern Strategy
- Parabolic SAR Moving Average Trading Strategy
- Best Average True Range Strategy – An Unorthodox Approach
- Copy trading or social trading
Question: What Is the Best Trading Strategy for Cryptocurrency?
Cryptocurrency is a challenging trading market. Mostly due to its volatility, it causes prices to swing very heavily, resulting in quick stop outs. With the market on bitcoin being as it is, many will try to enter it. Therefore, it is important to have a good trading plan in place, in order to have a better return on your investment. Follow the following strategies for trading in bitcoin:
- Cryptocurrency Trading: Bitcoin Entries and Exits
- Best Penny Cryptocurrency Trading Strategy
- Day Trading Cryptocurrency – How To Make $500/Day with Consistency
- Best Cryptocurrency to Invest in 2019 – Our Top 4 Picks
Question: What Is the Best Trading Strategy in the Stock Market?
We aim to teach and create strategies for every tradeable market, as such we have a list of recommended useful strategies you can utilize when wanting to trade the stock market. Keep in mind that the stock markets are a popular beginning point if you want to learn how to trade. Below is a list of great strategies for the stock market:
- The Trend Following Strategy
- Trading with Trend Lines Trend Breaker Strategy
- Swing Trading Strategies that Work
Question: What Is the Best Trading Strategy for Crude Oil?
Because crude oil is a futures market, it is crucial that you first be aware of a couple of things before you can successfully trade it. Also make sure to weekly watch the news for any events pertaining to the supply and demand of oil. We supply you with ways to setup your trading sessions and further training on news trading strategies. Our recommendations for crude oil are:
- How to Trade Like a Professional Oil Trader – Crude Oil Trading Tips
- How to Profit from trading Pullbacks: Pull Back Trading Strategy
Question: What Is the Best Strategy for Trading CFDs?
As part of our ongoing help to traders, we have developed strategies to help you trade CFDs or contracts for difference. We recommend the following two strategies for trading CFDs:
- Price Action Trading Strategy
- Adx Trading Strategy Built By Professional Traders
Question: What Is the Best Trading Strategy for Small Accounts?
Trading strategies for small accounts is one of our most popular question asked. Our advice is that you should start small and grow your account as your skills improve. Many traders believe that the best way to start out and to gain maximum profits is to start out with a big sum of money in your account. This is furthest from the truth. We have gathered strategies for you, that you can start out with if you have just a couple of dollars in your account. Thus, we’ve created just the right strategy to grow a small account. Below we’ve listed two that we recommend:
- Simple Wedge Trading Strategy for Big Profits
- How to Trade With Exponential Moving Average
- Managed forex accounts investing strategy
Question: What Is the Best Strategy for Scalping the Markets?
Scalping the markets involves incorporating a short-term trading strategy coupled with the mindset of an intraday trader. For that we have developed just the right approach for you. Look at the following recommended scalping strategies:
- Simple Scalping: The best Scalping System
- How to Trade the Bullish Flag Pattern
- Exponential Moving Average Strategy
Question: What Are the Best Technical Indicator Strategies?
For the best strategies to improve your skills in chart reading visit the below mentioned links:
- Best Ichimoku Cloud Strategy (Ichimoku Kinko Hyo)
- Best Combination of Technical Indicators – Market Maker Methods
- Harmonic Pattern Indicator Strategy – Step by Step Guide
Question: What Trading Strategy Is the Best for Youtube?
Youtube is a platform that has a lot of strategies. We have developed quite a few and will continue to do so weekly. Check out our forex trading youtube video. Many have hailed it the best forex trading strategy. With this video you will take your learning to a completely new level as the visual, execution and audible element of it will stimulate your senses to understand the material better and have it ingrained in your thoughts more vividly.
Question: What is the Best Options Strategy and What is The Best Options Broker?
Trading options is considered an outstanding way for a trader to enter trading of the stock markets. Options trading utilizes simple rules on fundamental and technical analysis. We have three recommended trading strategies for options:
- Swing Trading Options
- How to Trade Stock Options for Beginners – Best Options Trading Strategy
- Binary Options Trading Strategy – Best 60-Seconds Strategies
The best and most recommendable options brokers are:
Question: What Is the Best Trading Strategy Exit?
Many traders have lost a lot of money because they have not adequately planned how to exit a trade, as they only concentrated on entering the trades and neglected the exit. The truth of the matter is that closing a trade is critical for any trading strategy. Entering a trade without being able to exit it will not provide you with a profit on your investment, and as such it will be a losing trade. Plan properly and make sure you have an exit strategy in place.
Part Two: How to Determine What is The Best Trading Strategy for You
As a trader you must have a trading routine which will allow you to create a trading strategy that works for you. Take time out of your busy schedule and plan your strategy. Make sure to ask the right questions as this will put you way ahead of other traders vying for profits. As you develop a process for yourself, to use daily, you will eventually hone your trading craft and find your unique trading strategy.
There are a couple of things that you must know beforehand, like how much time you have available per day to trade. The amount of time depends largely on your live circumstances. As a nine to fiver you wouldn’t have as much time available as someone who trades full time. If you work, then you would have to incorporate a long-term trading strategy. The best trading times for you would be early in the mornings or late in the evenings. Unlike working a full-time job, a good thing about trading is that you can adjust your time or your strategy.
Another question to consider is: How patient are you? If you’re impatient you would not know how to wait for your entries to reach the desired result, even if it spans over hours or days. In that regard you would probably have to find a short-term trading strategy as that will not require as much patience.
You would also have to think and consider how much money you have available. How much money you have available in your account largely contributes to what type of strategy would be suitable for you. Starting out with an account with less than $1000 is best accommodated with an MT4 trading strategy. Reason being that MT4 is heavily saturated by forex traders, as they don’t need a huge amount of money to start trading.
Apart from considering the above mentioned, it is also crucial to find a method to keep stop losses to a minimal as larger stop losses could result in bigger profit losses.
Bottom Line Best Strategy Tips for Success
There are many ways to make money online and trading on platforms is undoubtedly one of the most lucrative ways to achieve that. What is most important to remember is that you must find the best strategy that is uniquely tailor-made for you.
One of the best ways to find near perfect entries is by looking at the highs and lows of the day. Approaching trading in this way will help you learn how to trade as a day trader.
Also make sure you have a profit target whenever you are taking a trade, as it will help you better balance your risk to reward ratio as well as position your trade exits. To trade as a means of long-term income does not come easy, but it can be a nice addition to extra income.
Use trade entries that are specific and add a risk management method. These combined are an excellent addition to your personal finance plan. Make sure that you are comfortable with the risk level you are exposing yourself to, and in case you are not, it is best to contact a financial advisor. First test your trading system before you put money into the market, and also make sure that you have various resistance levels in place, in order to know how the market will react in different situations. Swing trading also known as position trading, shows the most success with beginner traders.
One way to also achieve this is to use ETF’s or exchange traded funds for your strategies. Just remember that utilizing these, heavily relies on the earnings calendar and on the economic calendar. Thus, in order to avoid getting burned make sure you follow market news religiously.
There are many strategies to use in order to achieve financial independence. Another strategy to use is the fundamental analysis trading strategy, which we will discuss in a later issue. As a final point, it is very important to make use of the right technical indicators in order to tap into additional strategies like momentum trading or range trading.
Should you wish to know more, or have more questions not answered for you here, you can leave a comment in the comment section. We would be more than happy to answer and thus help you become successful in your trades.