What is the price action trading method that has the highest win rate?
The one that you write for the kind and manner of trading and investing that you are doing, as well as the one that makes you money.
Keep in mind that the success of one trader does not guarantee the success of another.
If you want to know the genuine technique to earn money trading the financial markets, you should read the rest of this answer; your account will thank you for it.
On my podcast, Beginner Trading 101 with J.R. Calcaterra, I go into a lot of detail on the foundational knowledge that all freshly minted first-time traders and investors need to acquire. Check out the evergreen information that people in every trade should be familiar with. You can listen to me every week if you subscribe to my podcast. On my personal blog at J.R. Calcaterra.com, you will also find a great deal of content that is timeless.
Have you composed, and do you have a strategy that is based on rules? In that case, you shouldn’t participate in the live market with real money because you’ll simply end up getting FUBAR.
Here is what I inquire of completely raw newcomers: Do you want to:
Gain a large number of deals.
Achieve perfect accuracy and financial success.
You can’t have all three of them at the same time. A hint is provided here. Those of us who are serious about this line of work have just one goal in mind, and that is to MAKE MONEY.
PAY ATTENTION TO THIS I WILL SAY IT AGAIN You should write a rule-based plan around what your goals are from investing and trading as well as for the sort and style of investing and trading you intend to engage in, whether swing trading or position trading. Investing can take several forms, including dividend investment, growth investing, and so on. It is essential that your plan be tailored to the activities that you will be carrying out.
If you have no prior experience, you should begin slowly and gradually increase your speed as you gain more competence. Intraday trading is not the way to achieve this goal because it is the only way you will ever be able to make a lot of money operating this business.
One last piece of critical instruction. It doesn’t matter what you decide to do, the money you use to begin trying to “trade” should be money that you can afford to lose. This means that if you lose all the money, it won’t have any negative impact on you or your family in any manner.
Tune in to my podcast, Beginner Trading 101 with J.R. Calcaterra, on your preferred podcasting service. You can save a lot of time, frustration, and money if you are a complete novice if you use this strategy because it is designed exclusively for traders who have no prior knowledge or expertise.
IF YOU ARE A COMPLETE AND TOTAL BEGINNER, PLEASE SHARE MY PODCAST AS WELL AS THIS ANSWER AND THE LINKS IN MY PROFILE ON YOUR SOCIAL MEDIA AND LET YOUR FRIENDS WHO ARE BEGINNER TRADERS KNOW ABOUT J.R. CALCATERRA; THEY WILL THANK YOU FOR SAVING THEM A LOT OF TIME, STRESS, AND MONE
Check out all of my other Quora material in my Quora space, J.R. Calcaterra, in order to get the knowledge necessary to engage in trading and investing in an appropriate manner. There is also a lot of evergreen stuff on my personal blog that any new investor and trader ought to know, and there is a clickable link to my blog located in my profile.
I sincerely hope that this information is useful.
Have success in your business dealings and investments, and always remember to trade smart…
OR YOU COULD JUST STOP TRADING!