What is the best strategy for Forex trading?

[Brendan Watson]

Personally, I use a simple system of support and resistance levels. I don't use indicators, because they are very late and do not show the correct situation on the market.

 

[Sincerem]

There is this popular notion to forex traders that you buy when the price is low and sell when the price is high. This works most of the time and it would be a good guide to you whenever you are about entering a new trade.

 

[Ononivami]

The best strategy in forex trading is sometimes not to trade at all. You don't have to trade the forex market all the time..when there is no clear signal to trade you don't have to trade at all.

 

[Setho]

I have been able to see a lot of Forex strategies but the one that has worked for me a lot what's the use of support and resistance trading and then flipping it automatically when one support or resistance is invalidated.

 

[zelalem]

There are many strategies available, and you can use more than one combination. Especially after a technical analysis, scraping turns out to be an underrated trading art. If you know how to scrap properly, you can use scrap to earn as much as you need. You can then combine long-term transactions and use market news to evaluate your position in the market.

 

[Bookwormlux]

The most effective strategy is by making sure you take time to learn how the market is moving and what are the best pattern that top traders are using , as this will go a long way in making sure that you do not lose money .

 

[Syldan]

Well, for now I dont think anyone has %100 best strategy for forex trading you can only applied some skills to make you successful at a moment but not permanently because things can change at anytime.

 

[HK World]

Forex scalping is a popular trading strategy that is focused on smaller market movements. This strategy involves opening a large number of trades in a bid to bring small profits per each.


As a result, scalpers work to generate larger profits by generating a large number of smaller gains. This approach is completely opposite of holding a position for hours, days, or even weeks.

A clear downside to scalping is that you cannot afford to stay in the trade too long. Additionally, scalping requires a lot of time and attention, as you have to constantly analyze charts to find new trading opportunities.

 

[Bookwormlux]

One thing about trading is that, you get to map out your own working strategy when you have some experience and so this is a major thing that people should be looking at and not just thinking about which one is the best strategy.

 

[Chibson]

forex trading is a very good business venture if you can understand the concept well and have a very good strategy.

If you want to profit on forex if you must try as much as possible to make some good investment and at the same time you must have financial management knowledge.

 

[Syldan]

Knowledge is very important in forex trading because you can be successful at all without having the knowledge on how to start, strategy to apply, and how to go about trading, when and how to.

 

[Setho]

The truth is that there is no particular strategy in which you can pinpoint as the best strategy to use in forex trading as you always have to be changing as the market is changing.

 

[Syldan]

There are good number of strategies that are very important and effective in forex trading but the most I always consider is the knowledge yiu have about the business because that will helped on when and how to apply the various strategies Available.

 

[Popular]

The best strategy is to know how to read or deduct what the graph is reading and constant check to know when there is a rise or fall to avoid reduction in value.

 

[tray59]

When its come to the forex market I think that the best sstrategy for you to use to make some money here is through hedging or trade after series of analysis and trade with good analysis

 

[Ofonime6]

The first thing which you need to ask yourself is if you trade with lower time frame,there are alot of indicators which you can use to trade.
You can combine so many indicators and have working strategy from there.
You can adopt a working strategy from your mentor its one of the way which you can trade

 

[tray59]

You can try hedging its its a very good strategy that people are using to make money through forex,forex is never that easy but for you to make money its either you develop your own strategy or copy from professional to trade well

 

[Immilash]

Forex trading is not all about strategies, don't deceive yourself, and also nothing is hundred percent sure in the forex market, remember we are talking about the financial market anything can happen. You might have the best trading strategy but if you don't have decipline you will keep on blowing your accounts.

 

[Chibson]

having financial discipline and management skills is one of the things you need to consider if you want to make profit as a forex trader. It is also important to invest money you can easily let go.

 

[Chibson]

I don't have any idea about the forex trading marketing but I have seen the bitcoin or crypto currency trading market that strategy is known about the mathematics and analytics mean read the graph easily whose known about the this subject so my friend work in forex trading

if you know how to read a cryptocurrency graph, you can actually succeed in forex trading. Technical analysis is also applied in forex trading in order to make profit.