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  1. #1
    Join Date
    Apr 2017
    Posts
    714

    A trader should not select such a trading strategy

    A trader should not select such a trading strategy that he does not understand. Starting with different strategies, scalping is easier for traders than for other trading strategies. AAFX is completely suitable for scalping. For scalping as a trader you need a trading platform that doesn't face restrictions. Even the lowest trading spread is necessary for scalping. These two facilities I am receiving from my broker. They give me 0.2 pips spread and leverage up to 1: 2000.

  2. #2
    Join Date
    Jan 2017
    Posts
    606
    Strategy is all in all in Forex market. You can be profitable if you have well defined trading strategy otherwise you have to go to hell undoubtedly. As a professional scalper I made up my own strategy and have been following it from the early age. As a scalper I found Trade12 broker where I have nice trading environment, narrow trading spread, ECN accounts with lowest commission and no restrictions for pending orders.

  3. #3
    Join Date
    Dec 2017
    Posts
    592
    Forex is a highly competitive market place. Sometimes, traders select trading strategy without considering the market situations and even sometimes currency exchange traders select trading strategies just randomly without considering the potential and effectiveness of these strategies. So, at the initial level it is wise to choose a strategy that will be easier to understand so that a trader can take the advantage of the market situation by understanding the market behaviors.

  4. #4
    Join Date
    Aug 2017
    Posts
    1,326
    Strategy means everything. Well defined trading strategy if you have you can be profitable otherwise you will soon leave the market because of your failure. My own trading strategy as a professional scalper I made up and from the early age I have been following it. Forex4you broker I found perfect for my scalping or short term trading strategy because they ensure fluent and smooth trading environment.
    In this super cool trading platform as a scalper I receive narrow trading spread from 0 pips, smart bridge of technology, fastest and easy trade execution, highly secure trading funds, expert assistance etc. After getting a good result I realize that a trader should never use a complicated trading strategy which he can’t even understand.

  5. #5
    Join Date
    Oct 2018
    Posts
    307
    Understanding comes with testing and experience. Even if one doesn't understand a strategy right away applying it in practice for a while may help with that.

  6. #6
    Join Date
    Jan 2020
    Posts
    257
    Forex investors are happy if they get enough profits from the forex market. forex trading should be in a very proper way. If you trade in the forex market without any knowledge then there’s less chance of earning money. I am earning a very good number of profits. My broker Tpglobalfx helps me a lot. They are very helpful and supportive. They never make disappointment to their client. I would easily suggest this broker if anyone looking for a reliable one.

  7. #7
    Join Date
    May 2020
    Posts
    1,473
    a trader should have several strategies for daily trading that can consistently bring profit and several strategies that will rarely be used, but will also bring money at the right time.

  8. #8
    Join Date
    Jul 2020
    Posts
    734
    The trader has to choose strategy, but it is worth understanding that to choose one and to use her all the time not to turn out. The dynamic market and therefore it is necessary to be able to use several strategy.

  9. #9
    Join Date
    Aug 2020
    Posts
    157
    Best strategy is the strategy that works for you. The strategy that works for you may not work for me. Every body sees the market differently. For some people it's 5+5= 10 and for some people it is 8+2= 10. Try to understand the market. Read charts everyday. You will find the market sentiment. Start with a single pair. Do not run for ready-made strategies. There is no holigrail. Like trading system, broker is also very important. I am also trading forex from home with Eurotrader broker, a regulated broker. It gives a wide anger of administrations like low spreads as low as 0 pip, up to 1:500 leverage and a wide variety of technical tools.

  10. #10
    Join Date
    Apr 2020
    Posts
    1,365
    In general, the trader must choose a work strategy. But, it is worth taking into account that the market is dynamic, and the trader always cannot use one strategy.

  11. #11
    Join Date
    Apr 2016
    Posts
    601
    Scalping can be profitable, but it's difficult to succeed in the long-term since this strategy exhaust much. Forex scalping is a trading style used by forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades, taking advantage of the small price movements which are common throughout the day.

  12. #12
    Join Date
    Jul 2020
    Posts
    162
    A trader shouldn’t choose a strategy that may bring losses for him. A trader always should set a strong strategy for maximum profits earning. Strong strategy, reliable broker, strong knowledge about forex can easily make you earn a lot of money. A reliable broker is very important for a trader. My broker Eurotrader is very reliable. I would suggest this broker if anyone looking for a reliable one. They are really very supportive.

  13. #13
    Join Date
    May 2020
    Posts
    1,473
    I try to choose several strategies to work with. I think this option is more reliable and in any case it will be possible to know which strategy to use.

  14. #14
    Join Date
    Apr 2020
    Posts
    1,365
    I believe that the trader should be able to use a number of trading strategies, but to use the one that brings the best profit for work.

  15. #15
    Join Date
    May 2020
    Posts
    1,473
    I believe that it is more important for a trader to understand that a specific strategy may not always work and generate income. For work, it is more important to have multiple work options.

  16. #16
    Join Date
    Jun 2020
    Posts
    200
    You need a good broker to make a profit in trading. If the broker is not good, then it is very difficult to make a profit. I like brokers in Forex4you a lot, I like their service system a lot. The leverage of this broker is much better and the spread is much lower. There are many types of systems to manage in trading. You need to have an idea of ​​how to trade, what strategy to use, how to manage risk rewards, all of these things.

  17. #17
    Join Date
    Apr 2020
    Posts
    1,365
    In my opinion, it is worth realizing that you will not earn much from one strategy. To work more efficiently, you need to use several strategies.

  18. #18
    Join Date
    Jul 2020
    Posts
    734
    In general, I try to choose several strategies for work at once. I consider this option more reliable and profitable, because the market is always in dynamics.

  19. #19
    Join Date
    Apr 2020
    Posts
    1,365
    The trader really should consider several options for trading. In this case, choosing the right strategy is easier, and the results will be more positive.

  20. #20
    Join Date
    Apr 2020
    Posts
    120
    The set of a good broker of your knowledge is a prepared strategy, and, of course, confidence makes it possible to start trading in Forex well.

  21. #21
    Join Date
    Apr 2020
    Posts
    1,365
    It is very important for a trader not to use one trading strategy. It should be understood that the right choice of strategies can really bring good profit.

  22. #22
    Join Date
    May 2020
    Posts
    1,473
    I believe that using one strategy for work all the time is definitely not worth it. I myself have been working with the Amarkets broker for a long time, and I believe that it is more profitable for a trader to be able to work with several strategies.

  23. #23
    Join Date
    Apr 2020
    Posts
    1,365
    I do not think it is right to choose one strategy and work only on it. The market requires being able to adapt to different conditions.

  24. #24
    Join Date
    Jun 2015
    Posts
    332
    We need to trade with style that we are comfortable with instead of copying or following others. I like to do all types according to the situation, but scalping is my favourite. The major problem is that most don’t have sufficient knowledge to be able to trade according to the situation. When I started, I too had trouble but thanks to FreshForex, I was able to slowly work it out, especially with their marvellous educational setup that’s so very helpful.

  25. #25
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,136
    Quote Originally Posted by Steven Gerrard View Post
    We need to trade with style that we are comfortable with instead of copying or following others. I like to do all types according to the situation, but scalping is my favourite. The major problem is that most don’t have sufficient knowledge to be able to trade according to the situation. When I started, I too had trouble but thanks to FreshForex, I was able to slowly work it out, especially with their marvellous educational setup that’s so very helpful.
    For those Forex traders do not have any good knowledge about trading they can use the FXOpen Auto Trading facilities with zulutrade and My FXbook.

  26. #26
    Join Date
    Jan 2021
    Posts
    346
    a trader does not have to choose a strategy for himself just because it worked for someone, you need to try different options and determine the best one for yourself

  27. #27
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,136
    Quote Originally Posted by Diedriarekh View Post
    a trader does not have to choose a strategy for himself just because it worked for someone, you need to try different options and determine the best one for yourself
    If we will make use of such type of Trading strategy that has been tested by us then we can get more income from the Forex trading markets.

  28. #28
    Join Date
    Jan 2021
    Posts
    346
    how is it that a trader should not choose a strategy for himself? What's wrong? on the contrary, you need to try different options and determine for yourself the best and most convenient

  29. #29
    Join Date
    May 2020
    Posts
    1,473
    It is important for a trader to choose the strategy that he can competently use to make a profit. As for me, this is the most important aspect of a trader's work.

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