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Struggling to define my 'edge' in CFD trading
Been trading CFDs for a few months now, mostly on forex pairs like $EURUSD and $GBPUSD, and a bit on commodities. I'm through the initial 'everything works' phase and now finding it much harder. I've read a lot about needing an 'edge' and understanding your strategy inside out, but I'm honestly struggling to identify what mine even is. I feel like I'm just reacting to price action rather than executing a well-defined plan. For those of you who've been doing this successfully for a while, how did you pinpoint your own edge? Was it a specific indicator setup, a particular market condition you exploit, or something else entirely? Any advice on how to actually find and quantify this for myself would be greatly appreciated.
2 comments · 1 points
It's a common hurdle, especially after that initial beginner's luck wears off. Are you tracking your trades in detail? Sometimes reviewing your winners and losers can help pinpoint recurring patterns in your decision-making, good or bad, which can be a starting point for defining an edge.