Hi Guys, just read this interesting article about 11 types of forex trading strategies every trader should know about.
Forex Trading Strategies
Would like to know which forex strategy you guys are using.
Please post and share below.
There are lots of trading strategies in forex market. Mostly there are indicator based system, candlestick based system, price action trading system. In indicator based system there are very famous trading systems like ichemoku, alligator, gann etc. But I prefer price action trading system because We can trade in every market with price action trading. It is based on market structure, candlestick pattern, context, fundamental issued etc.
Anyone who wishes to become successful in forex trading should focus on an appropriate strategy that allows traders to foresee the risks associated with their investments and allows managing those associated risks accordingly.
From all trading strategies in Fx trading scalping is most usable and profitable that brings profit in a short time. But in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions. by the way I am very lucky to choose LQDFX broker as a scalper which is regulated with STP Execution platform and permits scalping devoid of any restrictions including lowest trading spreads from 0 pips as well as minimum margin requirements. So, my trading life is very much comfortable.
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