Choose your trading strategy

[Andy Jones]

Choose your trading strategy according to your abilities to trade. There is no perfect trading strategy. Rather it is upon a trader’s ability to use any trading strategy. A foreign currency exchange trader must try to change his methods or approaches according to market patterns. A trader should spend timing in understanding what he is actually requiring from trading. And only then he can think of choosing proper trading strategy for him.

[Jonathan Grant]

I follow my own trading style. My strategy is very simple. I use price action to find an entry. If my strategy permits me to open a trade, then I open trade. I never try to force me to open a trade. It takes maximum 5 minutes to take the decision. If I can't make a decision in 5 minutes I do not open trade. I place both stop loss and take profit and check everyday one or two times. If I see anything wrong I manually close the trade. I trade at XeroMarkets broker. I am happy with their low spreads and no requote.

[Bruno]

Currency market or forex is one of the most popular and risky market in the world. World currencies are traded in pair at this market. Anyone from any where in world can trade in forex market. However, lot of trader are failing to make consistent profit from trading. So, trader should think before investing money. I am forex trader too. I am trading with Forex4you. It gives best trading condition in the market.

[Rose Fraise]

Measure the performance of your trading strategy. Combination of trading-genial qualities and trading experience makes a trader worthy for trading. Selection of a good broker is also needed for better support. Eurotrader provides a reliable platform for applying any type of strategies.

[Layla Browning]

In Forex, every attempt is useful at different situations. Hedging sometimes protects traders from breathtaking market situation. However, it sometimes puts traders in a dilemma. However, at time, both hedging and gambling are effective.

[Fin_Trader]

Without a trading strategy, a trader will not be able to find more accurate entries into the market, close losses on time while they are small, and take profits on time. Therefore, only such systematic trading can guarantee success in Forex when risks are controlled and the trader disciplinedly follows all the rules of his strategy.

[FXOpentrading]

Yes, it's better to find your own strategy that suits the trader's own style, because even though a strategy looks good for other traders to use, it doesn't necessarily suit us, each of us has a different psychological condition, if it doesn't suit scalping you can try day trading or swing trading.

[Fin_Trader]

For best results in trading, a trading strategy should be based not only on technical analysis, but also on fundamental one. We must be able not only to find the right entry points into the market, but also to determine the potential for price movement in the direction of the trend, which is set by fundamental events and news for quite a long time. To make more informed decisions, I often use the FXOpen analytical blog, where analysts analyze price behavior using technical and fundamental analysis.