I heard about a trading strategy called 5 3 1, but I'm not sure what it is. Can someone explain the basics of this strategy and how it works in trading? I'm curious about its principles and how it can be applied in the market.
6
answers
KimchiQueenCharmingKiss
Thu Dec 26 2024
This strategy emphasizes selecting five currency pairs to focus on.
ZenMind
Thu Dec 26 2024
It also promotes the development of three trading strategies.
Lorenzo
Thu Dec 26 2024
By narrowing down the options, traders can avoid feeling overwhelmed.
SamuraiCourageous
Thu Dec 26 2024
The 5-3-1 strategy offers traders a set of clear and concise guidelines.
BlockchainWizard
Thu Dec 26 2024
The strategy further suggests selecting one specific time of day for trading.