Does forex strategies usually work>

Babypips is the best guide for newbie traders in my opinion. As for the trading strategies, it really depends on understanding how you react to the market. You can be an HFT, scalper, swing trader, position trader, algorithmic trader. It depends on you after you have fully grasped the forex market and what strategy suits you best. Good luck with trading! It's not easy but worth it.

8christianpaul8 posted:
Babypips is the best guide for newbie traders in my opinion. As for the trading strategies, it really depends on understanding how you react to the market. You can be an HFT, scalper, swing trader, position trader, algorithmic trader. It depends on you after you have fully grasped the forex market and what strategy suits you best. Good luck with trading! It's not easy but worth it.

great yes i have been to baby pips forums and blogs it certainly helps out new traders

A strategy or system is just a term that summarizes your trading specifics. All your actions in the market should be deliberate and focused on your goals. You can call it what you want, a strategy or a system or a collection of rules, but it only works like that, only according to the plan.

RobertFerrari posted:
Yes. you are right. many new traders start their journey from babypips.

This is a very popular site for traders to learn about forex, the forum also active where many traders share their experiences and opinion about forex trading.
Trader can learn many kinds trading strategy, and choose one that suitable for them and make comfortable in trading

Many forex strategies do work, and traders who find a strategy that suits their individual trading style and risk tolerance are likely to be successful in the forex market.

Big Part of your success is Your strategy choice....Trading for pips will allow you to trade longer-term successfully

Since You will allow the market to do the work and lower the risk on your capital.

This means using lower lot size and higher Pips target.

Instead of trading for 10-20 pips using 1standard lot its better to trade for 100-200pips using 0.10 standard lots

This is where using EAs and trading on the higher timeframes comes in.

yes every forex strategy works and that is why we are all rich,....not. Most (if not all) strategies that are taught online are just pretty ideas that fail in the real world. If they all worked then everyone would be Forex trader. The reality is that trading is very hard and people who find a good strategy guard it with their life.

Issues is not whether it works its matter of whether its dynamic enough to evade market makers as well as brokers....Some brokers may go to great length to make sure it doesn't especially if its significant amount of money...I meant even take down their whole system or freeze their own servers

Forex strategies have a big role when it comes to your success in trading. A strategy is carefully selected or made by keeping different attributes in mind, such as, your goals, trading style, your lifestyle, the type of analysis you prefer or the tools you use. A strategy can’t be difficult and profitable at the same time. Therefore, you should give enough attention in creating a simple, easy to follow strategy which suits your trading style.

Of course strategies work. That's like asking if business or war strategies work. Of course some do but not all. The hard part is finding the one that works for you as it's not a one size fits all.

Forex strategies work only if the trader is able enough to execute them properly. No strategy can work by itself without the active contribution of a trader. Some traders even use a single strategy in multiple situations as they have a lot of experience with that strategy.

Strategies consist of deep technical understanding and careful interpretation of price movements on charts. The one who able to get the right logic will able to make a way from any trend in the market.

True with right set of skills and consistent practice anyone can make a way here.

Most strategies taught online are BS. Only way to get a good strategy is to put the hard work in and make you own one up

It depends on which exactly trading strategy you are talking about. There are millions of different trading strategies and some of them work pretty well while others are just a trash. Anyway, it is necessary for a trader to have some trading strategy in order to have some trading plan. If you are going to trade occasionally without any though behind yur action, you are doomed to lose all of your money invested in trading.
The best strategies are made by the trader themselves. Surely, you can see lots of trading strategies even here, in this forum, but not all of them will suit you well just because of the fact that all of the people are different and trading styles are different as well. So, your trading strategy should be appropriate for your personality and trading style, your perception of the market and so on. Every trader should definetely work on their own trading strategy modifying it all the time and adjusting to the urrent market situation in order to make it better and more profittable.

If formulated by keeping all the factors in mind, strategies can do wonders for you. You cannot just copy a strategy. A strategy working for one trader might not work in the same way for you. You will either have to practice with that strategy for a long time or you will have to customise it according to your trading style.

On a demo account, I see that some strategies work, while others not. However, it seems to me that as soon as I shift to a real account, I will see more non-working strategies. I mean that psychology may kick in, worsening my performance. I hope I will be better prepared for this worrisome transition.

A strategy or system is just a term that summarizes your trading specifics. All your actions in the market should be deliberate and focused on your goals. You can call it what you want, a strategy or a system or a collection of rules, but it only works like that, only according to the plan.

Yes they work if strategies are tested on different time-frames and executing the one which the probability of success if highest.