The strategy is how you enforce your trading discipline after you have created your plan. A helpful way is to pick up the strategy which might suit your goals the best and stick with it. If the chosen strategy is continuously proving itself as a powerful one, providing profits, you keep trading with it, otherwise make some adjustments.
Scalping treads are the short-lived trades. They are held open for just a few minutes. A scalper trader seeks to open and close the position in the moment, he thinks he is making the maximum of the profits. It is considered to be one of the most sophisticated and advanced strategies, because the decision needs to be made in a very short period of time. It uses short time frame charts, which are available in the trading platform we are offering.
This strategy allows the trader to open and close his positions inside one day. This way they are avoiding the costs of the overnight price movements. It is common to find beginner traders who trade based on this strategy. They keep their trades open for a couple of hours, and the timeframes they use to analyse the prices are typically one or two hours long.
These traders keep their positions open for several days, and they tend to profit from short-term price patterns. Swing traders usually check the prices in an hourly or half an hour time frame.
This strategy requires deep knowledge in how to trade and analyse the markets. It is needed patience and discipline from the traders side to look closely at the price patterns in the historical prices of the assets. Traders who go after this strategy expect to make profits from major shifts in prices.
If you ask traders which is the best trading strategy, they will give different answers. There is no golden strategy which brings success to all traders. Financial markets are very dynamic, change is the only secure thing, so adapting is crucial. There are plenty of unwritten rules which come with experience and by mistakes.
A reliable and flexible trading strategy should have some crucial characteristics like:
Do not lose a single opportunity. Convert events into profits.
Forex prices usually move fast, especially during times of volatility. Our platform is developed in such a way that the trades are executed in 0.012 seconds. The platform has proven itself for reliability, speed and is able to handle any type of complex strategy you might choose to implement.
We are dedicated to have a fair and transparent business relation with our clients. We have included our fees and charges in each account type, so you can check each one of them before deciding with which account to start. Check depositing, withdrawing fees and other transfer charges you might do.
Funding your account is as easy as 1-2-3. You just need to have an account with Palafox Trading, log in and fund at least $ 250. With a click of the button, through the same account, you are able to withdraw your profits. Use the same methods when you made the deposit. Credit and debit cards are accepted, online banking and bank wire transfer.
Our team has been serving in the trading online industry for a decade and one thing we have learnt is to personalize our services as much as possible, so every person who is willing to trade with us can find the right package of service related to their level of experience, knowledge, and capital to invest.
Start with the most easy trading strategy, or combine many strategies during different moments of the day, this will be your choice. First, compare trading strategies available and choose the one the most suitable for you to start.
Customer service department is the one we take pride in the most. Our customer service agents are dedicated people who will assist you with the most effective solutions possible. Contact us via email or call us for any inconvenience. If you are available just during a certain time during the day, leave an appointment and we will call you back.
