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Does forex strategies usually work>

Nov 09, 2020 at 02:23
Vues 3,911
158 Replies
Suradi (FXOday)
Membre depuis Apr 03, 2021   posts 470
May 09, 2022 at 23:49
Should understand if forex trading included investment products in high risk, the market is dynamic and the strategy is static, on certain time strategy doesn't work, and trader needs to realize to protect account on these time.
Membre depuis Mar 22, 2022   posts 25
May 12, 2022 at 04:01
Obviously, strategies work because that’s why traders have been able to make money. But I am not saying that all strategies equally work for all traders. You have to find a strategy that works for you.
Membre depuis Jun 07, 2021   posts 72
May 16, 2022 at 05:08
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.
Membre depuis Jan 07, 2022   posts 9
May 16, 2022 at 14:38
whitneytyler posted:
Yes, profits in forex trading are very relatable to the quality of strategies. Strategy is very important in trading but you should build strategy with deep analysis of the market and using all important tools such as patterns, charts, etc.


So true. A strategy is just the output from analysis
Membre depuis May 13, 2022   posts 34
May 18, 2022 at 04:09
Yes, of course. Because of forex strategies, a trader is able to make profits. Strategies are made of logical calculations through fundamental analysis,price actions, risk management, and money management. Trading without a strategy is like gambling.
Aaron Countee (FaintToasted)
Membre depuis Jun 19, 2021   posts 49
May 18, 2022 at 04:33
I use a strategy that makes me $50k per week, now. I worked my way up to that after 3 years. Before it was $40k per month but has since increased.
*I kill pips for fun.*
Aaron Countee (FaintToasted)
Membre depuis Jun 19, 2021   posts 49
May 18, 2022 at 04:34
You'll keep getting better and better at using the strategy and it compounds and compounds forever. I just passed $700k this month.
*I kill pips for fun.*
Membre depuis Nov 02, 2021   posts 73
May 23, 2022 at 06:16
It isn’t a myth. To trade successfully, you need a strategy. It's a plan you follow after you backtest different ideas that may help reduce risk and bring in profit, it means choosing the right time to enter or exit a trade depending on analysis of the market environment and the budget you choose to invest with. Learn all you can about the fx market before you enter. Without a trading plan, it gets tough to manage the tense situations. It involves good risk management.
Membre depuis Feb 15, 2022   posts 183
Jun 14, 2022 at 04:51
Strategies are made out of indicators. Indicators help a trader in a variety of ways and so they play a vital role. Efficiency on the use of indicators should be earned. There remain a number of indicators on a platform and traders pick one of them according to their knowledge over it. So, flourish yourself with a good strategy and proper learning so it doesn’t become a threat to your survival.
Membre depuis Feb 16, 2022   posts 67
Jun 14, 2022 at 06:52
It depends on how effective your strategy is. Almost all traders have a strategy but all those strategies are not well-proven and testified and so testifying of strategies is needed. Personally I prefer moving average strategy and always have a better result.
Membre depuis Jun 02, 2022   posts 32
Jun 16, 2022 at 10:05
Absolutely! In fact, if there were no strategies, traders would have just been entering and exiting the market without really knowing what is happening and what they must do to make money in the forex market. Strategies show you the way to your trading goal.
Membre depuis Jan 18, 2022   posts 48
Jun 17, 2022 at 06:36
Strategy is not a myth. The term strategy actually comes from the military and someone in the army would define a strategy as an art of planning and directing the army unit’s movements towards the enemy. It is impossible to win a war in the absence of an effective strategy. Planning in advance for what might happen in order to attain the best possible result is the essence of strategy. When we talk about forex, a trading strategy is a technique used by a trader that helps them to pick up a trade that will result in profits. The strategy can be based on fundamental and technical analysis. It is a plan of action that a trader would follow to attain the set goal. A trader cannot survive in the long run without a good strategy. Taking up random trades without any analysis won’t even count as trading. It would be more like a form of gambling. And talking about whether the strategies work or not, No strategy will work forever and one might need to modify and improvise from time to time according to the market situation. But it is really important to start with a strategy and trading in the absence of a strategy would be like going on a deserted island without a route map. You will surely get lost among the experienced and professional forex traders and won’t stand a chance against them.
Membre depuis Jun 02, 2022   posts 23
Jun 17, 2022 at 10:31
They work but not always. The market is dynamic, and to win consistently, you have trade as per the market demands. So get yourself acquainted with different market conditions. In this way, you will know which strategy to implement and when.
Membre depuis Jun 03, 2022   posts 26
Jun 22, 2022 at 06:50
It surely isn’t a myth. In fact, having a strategy is important in forex. Strategy is a plan on what you will do as a forex trader and what you will do based on market conditions. Having a plan to work with will save you from a lot of trouble. And that is why we often hear trading tips like “you must stick to your strategy”. So strategies do work, but not forever and not every time. You must be flexible and skilled enough to improvise and improve your strategy when the situation demands.
Membre depuis Jun 02, 2022   posts 20
Jun 23, 2022 at 07:35
Forex strategies do work, but there is no 100 per cent guarantee that they will work or not. A successful strategy might fail too. This is why it is said to tweak and adjust strategies according to the market.
Membre depuis Jun 02, 2022   posts 24
Jun 24, 2022 at 06:05
Strategies do work. Not always, but often. As the market continues to evolve, so should your strategy. You can’t trade with the same strategy for months, as that won’t reap you any rewards.
Membre depuis Jun 12, 2021   posts 132
Jun 25, 2022 at 13:44
to bring good result by any kind of trading strategy need a powerful money management first of all.
Membre depuis Jun 28, 2022   posts 21
Jun 28, 2022 at 09:31
Forex strategies work, but they vary depending on the trade, market situations and economic parameters.
Membre depuis Jul 20, 2020   posts 399
Jun 28, 2022 at 12:35
personifica_ posted:
Forex strategies work, but they vary depending on the trade, market situations and economic parameters.

This is very true as well a trending 'system' wont work in market conditions showing consolidation and vice versa. There are lots of things that are needed to be successful in forex
Membre depuis Feb 15, 2022   posts 219
Jun 28, 2022 at 14:29
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

Of course, but indicator based trading strategies may not work! Forex is all about fundamental & technical analysis, so if your trading strategy is based on these 2 pillars, then surely your strategy will provide the green pips!
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