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Does forex strategies usually work>

Martin Joe (SupplyZT)
Jun 29 at 11:23
17 posts
Yes they do work but only in so far as you practice proper risk management and are aware of Fundamentals that impact the market
Cathedra
Jun 30 at 09:51
22 posts
Yes they do. Trend trading is one of the most reliable and simple forex trading strategies. As the name suggests, this type of strategy involves trading in the direction of the current price trend. In order to do so effectively, traders must first identify the overarching trend direction, duration, and strength. However, strategies stop working mainly because of curve fitting, structural and cyclical changes, survivorship bias, behavioural mistakes, commissions, and slippage.
Iconoplast
Jul 01 at 05:12
18 posts
A strategy is a plan based on which you will make decisions and take up trades in forex. So, they surely aren’t a myth. You have to come up with an effective strategy and execute it properly to earn profits in forex. But a strategy may not work forever in forex. It needs to be improved and revised from time to time to suit the changing market situations.
Marcolis
Jul 01 at 06:05
87 posts

Experts have been suggesting traders to develop their mental strength of trading. It is quite essential for a trader. Bad qualities like greed and emotion are the worst human qualities that inspire a trader take high risk in trading and go bust. So, first repair your qualities and then select a regulated trading broker.
SteveFx11
Jul 01 at 08:48
58 posts
Selecting a broker has become a major concern for traders. A reliable trading broker is free of such issues and traders feel easy trading with those brokers. Scam brokers always try to loot a trader in every possible ways. A good broker takes your stress away by offering you all good facilities.
HeavenLeighGill (HeavLeighGill26)
Jul 02 at 13:27
284 posts
Yes, some of them work.
Pelagic
Jul 05 at 09:23
18 posts
Maybe. Forex trading strategies are small edges in the market. And you could easily lose this edge if the moves are different. And forex, being a dynamic market, keeps on changing. Revise your strategies always and keep changing them, so you can trade as per market conditions.
WhiteWitcher
Jul 14 at 12:10
26 posts
Oh forex strategies work of course. It can work on profit or loss.

So do not believe those who says it does not work.
Marcolis
Jul 15 at 03:59
87 posts
richardmarcus posted:
I am compartively new to trading and have many times came accross term like trading strategies can anyone explain me this it is just a myth or they work for real.?

Thanks in advance

Knowledge is the best weapon for a trader and so traders should ignite their trading knowledge by every possible means. There are paid courses available online and free courses are also available to follow.
Marcolis
Jul 15 at 10:01
87 posts
Many a trader prefers this short trading the most because it is profitable and easiest way of trading. Select a reliable broker for scalping properly.
essencejo
Jul 15 at 11:14
31 posts
Yes, forex strategies do work but I think we need to keep it updated as we keep on trading.
LyudmilLukanov
Jul 16 at 07:04
809 posts
Don’t focus on strategies and fundamental view of market that help them not to catch the actual market trend. As a result, they can’t identify the market’s exact flow and situation.
LabuyaChicay
Jul 16 at 07:51
63 posts
Forex traders need to make sure their trading skill! Besides, broker selection is the primary job of a trader and it’s really tough to find the best broker out there.
RobertFerrari
Jul 17 at 10:04
391 posts
To develop your mind the way it should be while trading, you must arm yourself with knowledge. Don’t let this tendency go downward because it’s essential.
Notandum
Jul 19 at 06:46
21 posts
There are several effective forex strategies, and traders who find one that fits their unique trading style and risk appetite are likely to succeed in the forex market.
Megan21
Jul 20 at 05:07
13 posts
To increase your forex trading potential, you can make use of various trading tactics. How you use it and when depends on you. So accurate market knowledge an technical analysis is a must in order to make it work.
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