What is the best Forex trading strategy?

Results 1 to 5 of 5

Thread: What is the best Forex trading strategy?

  1. #1
    Junior Member
    Join Date
    Feb 2018
    Posts
    28
    Thanked: 0

    Default What is the best Forex trading strategy?

    What is the best Forex trading strategy?
    Each trader has different personality traits which need to be taken into account when choosing the best Forex trading strategy. Some traders like fast-paced trading on short timeframes, while others prefer longer-term trades which are held open for a few days or weeks. Whether you want to buy a Forex strategy or use a free Forex strategy, your personality plays an important role.

    There are four main trading styles that you need to be aware of:

    Scalping
    Day trading
    Swing trading
    Position trading

    Scalping is the fastest trading style, and sometimes involves holding trades for just a few seconds. Scalpers usually open dozens of trades during the day, and aim to profit on very small price movements, often closing the trade with only a few pips of profit. This is a fast-paced trading style, and not suitable for everyone. In terms of trading strategies, scalpers rely on short-term technical analysis and news trading and try to profit on sudden spikes in momentum.

    Day traders hold their trades during the day, and close them by the end of the trading day. Generally, if you open at least four trades per week and hold them only during the day, youíre classified as day trader. Just like scalpers, day traders rely on technical analysis on relatively short timeframes, ranging from 15 minutes to up to one hour.

    Swing traders hold their trades for a few days or weeks. Unlike day traders, swing traders are exposed to increased risk if the market conditions change overnight or over the weekend. However, the longer time horizon allows swing traders to have larger profit targets than day traders. A successful Forex strategy for a swing trader would be based on technical levels combined with some fundamentals.

    Finally, position traders are very long-term traders, holding their trades for a few months in some cases. This calls for a deep analysis of market fundamentals, since fundamentals have a significant impact on long-term currency movements.

    All successful Forex trading strategies take into account these differences in trading styles, so you need to determine first which style reflects your personality, and then choose the strategy that best fits your approach.
    All is possible

  2. #2
    Junior Member
    Join Date
    Aug 2018
    Posts
    24
    Thanked: 0

    Default

    For me best forex strategy is day trading open at least four trades per week and hold them only during the day, youíre classified as day trader. Just like scalpers, day traders rely on technical analysis on relatively short timeframes, ranging from 15 minutes to up to one hour.

  3. #3
    Senior Member
    Join Date
    Mar 2017
    Posts
    395
    Thanked: 0

    Default

    Strategy is a technical way indicates us where and how to trade. A forex trading strategy is a technique used by a forex trader to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis, chart analysis or fundamental, news-based events. As a scalper I prefer scalping the more. With Trade12 I have lowest transaction cost, narrow floating trading spread, high leverage up to 1:400 and superior fast execution.

  4. #4
    Senior Member
    Join Date
    Dec 2017
    Posts
    277
    Thanked: 0

    Default

    With the increasing competition, forex is becoming challenging for the forex traders day by day. A forex trader will require good amount of trading skills and knowledge if he wants to achieve success in this challenging environment. In addition to; a trader should select his strategies with full wisdom: after analyzing all aspects. Otherwise he may not able to select the strategy or strategies that will help him to achieve his trading objectives.

  5. #5
    Senior Member
    Join Date
    Sep 2017
    Posts
    363
    Thanked: 0

    Default

    For the Forex traders day by day Forex is becoming very challenging task, with the increasing competition. Good amount of trading skill and knowledge will require a Forex trader in this challenging environment if he wants to achieve success. I choose Forex4you top leading broker who help me to analyze the market perfectly. With full wisdom to select my trading strategy they always help me. To achieve my trading objectives they really support me.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us