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The Importance Of Forex Trading Strategy


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Specific trading strategy should be used exactly for a chosen currency pair, for which it is created because it depends on the ratio of the certain currency pair. However, this does not mean that the other currency pair won’t benefit from the chosen strategy, but make sure you analyse the strategy more before applying it on different currency pairs.


The main task of any Forex trading strategy is to minimize the impact of external factors on the Forex trader and to organize trader’s activities. The development of a trading strategy can even be compared with the development of a business plan for a specific project.


When developing your own trading strategy or improving the old one, it is important to remember these rules:



Any trading strategy has a share of subjectivity, it does not guarantee a success and can work also against you;

Each Forex trading strategy should be compatible with a trader’s style;

95% of trading failures are caused by lack of the psychological stability – Forex trading strategy is designed to solve this problem.

 



Traders can combine different methods or develop even their own indicators and trading robots, because there is no limit in different variations. now I try to stay consistent to trade with some combination of several indicators that I try to apply in TICKMILL



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Generally, Forex market is well known because of volatility and unpredictable nature. And, it is idly true that, there is none who is capable of calculate the accurate section of this market with surely. So, for surviving in this trading stage, we have to depend on our trading strategy that we select in order to our trading experience. In my trading life, I at all times reliable on price action strategy that is most usable and profitable in this market place. In addition, my trading platform mXtrade make sure best trading environment for using this strategy by providing proper candlestick. So, it is very helpful to me to get accurate the candlestick for using this policy.

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  • 1 month later...

We the traders consider Forex as an unpredictable business platform. And, it is idly true that there is nobody who is capable of calculates of the real faction of this market with surely. So, for making profit we have to depend on some trading strategy that we fixed in order to our trading capability. In my trading career, as a newcomer from my first day of trading, I have been using scalping strategy due to having small capital. And, I am very lucky to select MxTrade as my trading place which is very supportive to make profit by using scalping strategy by means of providing only one pip trading spread.

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To become a self-discipline Forex trader a good trading strategy is the first requirement. Without good trading system you’ll suffer in your live account. So, demo account is the main choice for making good trading strategy. it’s my own opinion according to my personal experience. Because, I made my strategy from pre-installed trading indicators of TradingBanks broker. Besides, it’s a EA friendly broker.

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For keeping survive in this volatile trading place we the traders have to depend on various trading strategy that we decide on according to our trading capability. From my first day of trading I am completely depending on price action strategy that is considered as a most usable and profitable trading policy in this market place. And, I am very lucky to select MxTrade as my trading platform which is very supportive to apply this trading strategy by providing accurate candlestick. In addition, by means of proper candlestick I am able to calculate the real faction of this market with certainly.

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strategy is very important and as a trader should have the right strategy to obtain maximum results. I get a profit in the forex business using scalping techniques. I opened and closed the trading no more than 2 minutes. I need the speed of execution and low spreads to gain maximum profit. I am now comfortable trading with this system in my broker

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There is nobody in this market place who can make profit devoid of using any kinds of trading strategy. We the traders select our trading strategy in order to our trading experience. From my first day of trading I have been using price action strategy that is considered as a most usable and profit bale trading policy. For using this trading strategy I have chosen MxTrade as my trading platform where I at all times getting accurate candlestick that is really effective to make profit by using this policy. Therefore, by means of this accurate candlestick I am capable to predict the market with certainly.

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Devoid of using any kinds of trading strategy, it is not possible at all to make profit constancy from this volatile trading place. I at all times dependable on my price action strategy that is considered as a most usable trading policy in this stage. My trading place GCI financial for all time provides me accurate candlestick that’s why I am able to predict the market with certainly.

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strategy is very important and as a trader should have the right strategy to obtain maximum results. I get a profit in the forex business using scalping techniques. I opened and closed the trading no more than 2 minutes. I need the speed of execution and low spreads to gain maximum profit. I am now comfortable trading with this system in my broker

Yes there are many ways a trader can trade and its very important to formulate strategies according to the market conditions, the more strategies we have the easier it become to trade in any given situation.

 

Yes there are many ways a trader can trade and its very important to formulate strategies according to the market conditions, the more strategies we have the easier it become to trade in any given situation.

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learning to deal with the common trading psychological pitfalls such as fear and greed are very important, the real key to trading success is learning to be comfortable with uncertainty. No matter how great any trade or setup may look, a trader must learn to accept that every outcome is uncertain.professional Forex traders have worked out and conquered by learning how to trade with and not trying to fight or control.By the way, still I love scalping because of low risk percentage form long term trading. I do not get any kind of restriction from Tickmill broker but their low trading spreads inspire me for applying my scalping trading method. Anybody willing to survive in this business must always take money management into consideration when doing this business, though it will require time and patient but the truth is that it will surely pay off and yield good profit as well.

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Forex trading strategy is obviously so much important for any one trader for a successful trading.I think that before entering this profession you will have to learn and acquire it properly.Actually, when i'm a entering this profession luckily, i had found best Forex trading broker KeyStock. This broker has huge collection of trading tools that's why i can trade easily.Now a days i'm happy with my consistently money earning.

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Yes there are many ways a trader can trade and its very important to formulate strategies according to the market conditions, the more strategies we have the easier it become to trade in any given situation.

 

Yes there are many ways a trader can trade and its very important to formulate strategies according to the market conditions, the more strategies we have the easier it become to trade in any given situation.

The exact formulation to be able to trade with more comfortable facing different situations are needed by traders. I can also now trying to formulate trading by scalping system in TICKMILL so that I could more easily to generate optimal benefits

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This forex trading strategy in which important is the discipline, the discipline will enable us to maximize our capital well so that it will enable us to succeed in this business, for that try to keep discipline in forex

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In my trading career, from all trading strategy I like most price action that is considered as a most usable and profitable trading policy in this market place. for using this trading policy in a proper way, I have selected MxTrade as my trading platform where I at all times get accurate candlestick which is very supportive to make profit by using this trading strategy.

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  • 4 weeks later...

Now a days people create strategies like they are playing game, but in reality any strategy should be created with all so much care as only then we could be getting results. I am so lucky that I am working with great company OctaFX, it allows me to use demo account without any restrictions and that helps me massively to get profits.

I have 3 strategies that I have created thanks to them with using their cTrader demo contest, it’s really ideal place to practice for winning great prizes, but even for getting experience it’s really great and all my strategies are created easily according to the situation that I get in that contest and it’s seriously healthy for our career.

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  • 2 weeks later...

We the traders have to depend on our trading strategy for making profit constancy, and we select our trading policy according to our trading experience that we have gathered. In my trading career, from my first day of trading, I have been using scalping strategy. And, I am very lucky to select MxTrade as my trading platform where at all times I am getting only one pip trading spread for scalping.

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  • 5 years later...

A successful trader always wants to make profit. Though it is tough, it is not impossible. He can make profit consistently, if he follows some rules. Successful trading most of the time depends on taking the right decision at right time. A broker can help to do successful trading in the market. Low spreads, high leverage can be the useful element to make a trade successful. I am also a trader. I am trading with TP Global FX. I always make plan to make my trading successful. My broker gives me the guideline to make the trade successful and make profit consistently with their low spreads, high leverage and dynamic trading style.

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  • 5 weeks later...

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