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  1. #1
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    The Best Strategy in forex trading

    Say you trade your strategy for some time with a simulated account, & everything goes fine; you would expect that actual trading ought to go fine as well. Still, there is an issue you did not deal with: your emotions. These will come in to the game only when you trade along with your actual money. Emotions can do a giant difference. they often report differencies in results between traders that can be absolutely comparable in terms of market know-how & strategy. Why ? because they often force you not to follow the rules of your trading plan. Emotions can make you a hard life in keeping the required discipline.

    At the next level you can trade in a simulated account. This is similar to paper trading, as you are not trading with actual money, but testing the result of your strategies; on the other side with a simulated account you are really using you Broker platform so you are simultaneously training yourself in dealing with order execution issues.
    Simulated accounts are nowadays offered by plenty of Brokers; in the Forex promote it is common to get this feature.

    So the third answer to our first query is: by trading small. You might object that, if the trading size is too small, your emotional involvement will even be small, so the goal of putting emotions in to the game is missed. Partly, this is true. However, the difference between using actual money & playing with numbers is there. & the decision about how giant the size ought to be, is yours.

    So, how to deal with the emotional issue of trading ? there are methods to learn also in this topic, of work, but in this case your own direct experience is more difficult to replace, in my view. However, the experience can be expensive, of work. A feasible solution is to trade with actual money, but in a very small size. This is always a nice suggestion at the beginning. Start small, gain experience & then increase gradually your trading size.

    The forex market gives you giant flexibiliy about your trading size.
    First, because the maximum required to open an account can be really small, in the order of $300. Trading size of work can be small too. The Forex market offers you a great leverage possibility, but again, how much of it to make use of is something that only you can choose.
    Second, because in the forex promote it is common for Brokers not to charge a fix commission to trades. The cost of the trade is usually represented only by the bid-ask spread. This means that small trades are not penalized by fix commissions.
    This flexibility can offer an advantage for traders who require to gain experience before moving forward.

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  3. #2
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    I think there is no best strategy in forex market because all of our plans are not perfect and also our plans can be good for us but it can be bad for other
    traders. It was because our style different each other, our target in every transaction is different too.

  4. #3
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    Only the best strategy in forex is to keep aware yourself about the market situation, and try to remain touch with the forex market news, specially currency fluctuation and movements which help allot in decision making.

  5. #4
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    as i know best strategy is the strategy that fits with your funds , amount of risk , profit you want to make . so there`s no best strategy for all people , but also there`s strategies has low percent of default and it can be named as the best.

  6. #5
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    The best strategy for me is my strategies, it is best to use it is understandable for us. If you try to use other peoples strategies, you might get confused and fail in forex.

  7. #6
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    Frankly it does not matter what strategies you follow as long as it is not foolish. The key thing there is discipline with your stop losses. Remember - stop loss levels you set for yourself are holy. Cut your position out if you hit your stop loss. Losses do hurt - but they are a part of trading. Rest should fall in place automatically .

  8. #7
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    It is important to get out of your trades when signs of a reversal start appearing. Two major problems appear for traders who use this kind of strategy. One is that they run away from the market too early with very little profit, because they are afraid to lose it. Another is that they keep two positions too long and when a sharp reversal comes their profits are sharply reduced or they still sit hoping that trend will resume itself. They consequently lose all of their profit. So, watch for signs to determine your entry and exit levels.




    http://www.forex-metal.com/affiliate/46199/2

  9. #8
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    As true as it is that there are no universal best strategies in forex trading, smithlover84 has stated and addressed a fundamental issue- management of emotions in trading, and starting small to deal with this. It is important to note that.

  10. #9
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    There are many strategies in forex and that candle stick is one of the best strategy i like and that strategy is very much used by many of the traders . and like wise there are many trading strategies and i think most of the traders will be making use of this strategies to make good profits .

  11. #10
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    The most important strategy we must get to learn at every point of time when doing forex is the strategy that we have perfected at the demo section.it would so much be helping our trading at every point of time.
    Last edited by Syrine22; 01-29-2013 at 11:36 AM.

  12. #11
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    The strategy should also be customized to your personality because then you would be able to make good use of it since it would suit you. Fore beginners one can adopt a strategy and work on it till they can either customize or develop their own.

  13. #12
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    The strategy a trader adopts and that suits him/her, and has proven reliable in yielding profits, that strategy, to me, is the best for the trader. It is very important that the trader develops a strategy consistent with his trading capital, and places ahead risk management.

  14. #13
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    There cannot be single flawless strategy in Forex which will yield profit continuously. All strategies fail at some point of time and we can incur a loss. To excel in Forex trading one needs to learn Forex and different strategies and keep oneself abreast with the latest economic developments.

  15. #14
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    There is no strategy that is the best always. Depending on the individual traders style and the time frame he trades with, different strategies work for different people. So, a trader should opt for a strategy that he is comfortable with. The strategy should be all inclusive. It should be able to enable a trader to exit earlier in case the situation turns against due to sudden economic or political news.

  16. #15
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    I think timing is good and if you trade the right pair at the right market timing then you might make some profit. Also, you can also trade longer time frame as its less risky and more profit. Trading can be profitable as long as you know what you're doing and that you have practice a lot. Also, the right pairs will also perform good for you too.

  17. #16
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    It is the trader himself that discovers the best strategy for himself. Most probably, after trying out so many trading styles in the Demo account, there must be one which he will find safer to use and more accurate with. Strategies are not seen on trees but are developed with time.

  18. #17
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    If you ask me, which one is the best trading system in Foex? I must say, ’Price Action’! This is the only one trading strategy which one works on all kind of trading instruments including CFDs, and indices! By the way, I have learned advance PA trading by watching video tutorial series of TradingBanks broker! As a result, now I make money consistently!

  19. #18
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    Quote Originally Posted by Shobur Ahmed View Post
    If you ask me, which one is the best trading system in Foex? I must say, ’Price Action’! This is the only one trading strategy which one works on all kind of trading instruments including CFDs, and indices! By the way, I have learned advance PA trading by watching video tutorial series of TradingBanks broker! As a result, now I make money consistently!
    Oh I use PA too sometimes. I like this methodology because it helps to predict the price movement more accurately, though sometimes it seems some kind of magic for me. Maybe it's because I trade less than a year, and can name myself a newbie

  20. #19
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    Good to see that someone is convinced with others suggested methodology however this thread is quite outdated in my opinion and seems you guys haven't noticed that yet.

  21. #20
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    From all trading strategies scalping is considered as a most usable and profitable trading policy that brings profit in a short time. as a scalper, for using this short time trading approach in a proper way, I have chosen MXTrade broker where I can scalp at any major currency pair without any restrictions including lowest trading spreads.

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