Strategy in Forex

This resource provides information on strategy in Forex.

Here you are going to learn one of the best Forex trading strategies that you may never came across. Forex marketing is the easiest marketing system. All you need is some idea on what to do and when to do and confidence in what you do. For a span of more than thirty years, Forex had been helping people to make big gains all over the world. A small clue on what is happening will make you get into it more easily. There is a big myth in the Forex trading field that it is so complicated. But it is not so. A few strategies that are followed in the correct sense with right planning investment can give you a big gain. Simple ideas make money and the one we are about to look at makes big gains. It's very easy to learn a rule which says:

Buy a new 4 week high in a currency and then wait for a new 4 week low to be made then; you simply need the reverse the position to a short. After doing this, simply keep an open position in the market and reverse as each new 4 week high or low is made.

This system was actually formulated by a trading legend, Richard Donchian and has been used by many if the world's top class traders. It can be used in its original form as above or with some modulations, as per requirements and investments made.

Currency markets exhibit a long term trend and all the big trends, start from the breakouts, this trading system will therefore, get in on every single major currency trend, if you apply this systems trading with rigid discipline. You need to follow this through a certain periods of drawdown and most traders can't actually do this. For some reason, many believe making money with big gains with no real short time is a myth, while it actually isn't.

This myth of trading with no drawdown is promoted by many vendors who can only achieve this, by producing track records to a specific point as in the historical data. Anyone can follow this technique if they are not sure of getting traded for real they lose. These systems cost money and never make the gains they claim while the free forex trading strategy enclosed has made big real gains.
Understand and apply this logic in the forex trading, if you want the forex trading to make you give real big gains in the market. If you develop the strategy to the same extent and further, you may develop a confidence that you are highly knowledgeable in the forex trading and they can prove to be of real worth.

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Author: Pravat Kumar Das04 Sep 2014 Member Level: Gold   Points : 5

Forex market is an individual perception.
Due to involvement of millions traders across the world .

So many strategy have been developed and many strategy working and still daily new strategist are coming.

Always remember one particular strategy does not work for all traders, as every body has different risk taking capacity, different money management, different margin amount available etc.

So for your own try to make own strategy by analysis from previous strategy with the help of your money management.

The best and acceptable by most trader .
Simple strategy,
Trade with very small quantity, use pending order to book profit and use stop loss, because sitting at trading platform makes you frequent trade which cause you loss most of time.

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