Best Strategy?
Messaggi: 158
Member since: 16/07/2011
How about someone actually sharing what they use as their best strategy rather than the obvious 'The one that makes money' type of answer, or links to get people buying into one. That would be the best way to help each other.
The best strategy may not be the one that wins most of the time, but wins a lot more when it does win compared to what it loses.
I'm researching hidden divergence on intraday charts. If I have success with it, I'll share it for free. If it really is good, I'll make enough money from my own trading rather than getting people to buy it off me. Right now, I don't have a profitable strategy to share.
All the best.
Messaggi: 74
Member since: 07/04/2012
l think even a simple strategy can let us make god profit.the only problem is most of the traders always changing strategies.we have to choose one strategy and stay with it until we are sure that if it is working for us or no.
Messaggi: 75
Member since: 07/04/2012
Simplicity is a key to success in forex trading. A simple trading strategy in its design and execution can help the trader not to make emotional mistakes.
Messaggi: 158
Member since: 16/07/2011
I think the following link is going to be much more useful than many of the above posts that state the obvious, but don't put it into an actual tradeable strategy. All in all, there isn't a 'best' strategy. At some point all strategies will have a losing streak.
http://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2011/12/08/What_is_the_Number_One_Mistake_Forex_Traders_Make.html
There are four parts to this series.
Messaggi: 359
Member since: 21/05/2012
I think its too difficult to place a strategy in a forum post though - even though a strategy may be quite simple, it would take pages to explain. Price action, and support and resistance are well documented, but it does not work every time of course - it needs to be tweaked like every set up with your own method of working out suitable take profits and stop losses. I also use another strategy for scalping, one for trend direction, and one for asian session, london session, and US open.
Messaggi: 194
Member since: 26/04/2012
For me scalping is the good option with small lot size so that we can able to make a good amount of profit and i am just working more on it to create one strong strategy to make profit.