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Discover reviews on "fvg forex" based on Reddit discussions and experiences.

Last updated: November 20, 2024 at 03:11 PM
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Summary of Reddit Comments on "fvg forex" Query

EURUSD as a Suitable Pair for Trading

  • EURUSD is suggested as a suitable pair for trading.
  • Choose pairs with the lowest spread and consider avoiding JPY pairs due to current currency situations.

Tips and Strategies Shared

  • Some traders prefer EURUSD and GBPUSD as they move similarly, making it easier to decide which pair is stronger each session.
  • Various trading strategies and advice regarding waiting for retests, buying low, selling high, and identifying potential entry points are discussed.
  • Strategies such as looking for structure, avoiding unnecessary retracements, and managing trades based on fundamentals and timeframes are highlighted.

Comments on Other Trading Concepts

  • Discussion on ICT (Inner Circle Trader) and SMC (Smart Money Concepts) principles, with mixed opinions on their effectiveness and complexity.
  • Views on ICT/SME concepts as rebranded, repackaged, or recycled ideas, praising or criticizing the application and interpretation of market concepts within these communities.
  • Criticism and support for ICT's content, with some finding value in the information shared while others raise concerns about overcomplication and lack of innovation.
  • Strategies regarding liquidity, support and resistance, trend lines, and using randomness in trading are explored.
  • Suggestions to focus on learning market fundamentals instead of relying solely on technical analysis or specific trading methodologies.

General Trading Advice and Community Opinions

  • Emphasis on focusing on learning and mastering fundamental aspects of trading rather than relying on specific strategies or methodologies.
  • Recommendations to avoid getting caught up in cult-like trading groups and to approach trading with a critical mindset.
  • Mixed reactions to ICT's teaching methods, with some finding value in the content shared, while others criticize the complexity and lack of clarity in his approach.
  • Advice to invest time in learning market fundamentals, backtesting strategies, and continuously improving trading skills rather than relying on quick fixes or shortcuts.

Conclusion

  • The Reddit comments provide a diverse range of perspectives on trading EURUSD, discussing various strategies, opinions on trading communities like ICT/SMC, and general advice for traders starting. Opinions vary regarding the effectiveness of different trading methods, emphasizing the importance of fundamentals, risk management, and continuous learning in trading.
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