Forex Trading Strategies
Success in Forex - work of professionals. Accidents in the business of Forex does not happen. Profit from currency speculation - a natural result of hard work over the trader's own trading system. trading system or trading strategy, determining whether a mechanism of adoption and subsequent implementation of speculators trading decisions in the Forex. The presence of a trading strategy and strict compliance with its provisions speculator - the most important factor of stability and steady success in Forex trading.
Forex Strategy for competent trader - is the technology to profit from speculative trading. The fact that many of the "laity" is generally perceived as luck or coincidence - in fact, there is nothing but a natural result of careful market analysis and decision on this basis the correct trading decisions. Therefore, Forex trading is not recommended without an effective strategy.
trading strategy should contain the following provisions:
- total analysis algorithm and estimates the market;
- the basic principles of diagnosis (detection) Forex situations that are favorable or unfavorable for commercial transactions;
- criteria to determine priority for Forex (transaction "on the increase" or "decrease in" transactions);
- the rules to identify Forex moments that are favorable for the opening and closing of trade positions;
- control over the principles of commercial capital in order to minimize the risk of loss (the establishment of protective orders, determination of the transaction).
When selecting or forming their own trading strategy forex speculator usually takes into account the following factors:
- the propensity to use certain market analysis tools (e.g., preference for technical or fundamental approach to study Forex);
- priority for the speculator certain time horizons in terms of its readiness to hold the forex open position (focus on short-term or long-term trade);
- ratio forex scalper to trade risks (ready speculator to a certain risk);
- currency pair, causing current interest in the aspect of speculative trading;
- the specific situation (conditions) in the target market;
- personal preferences and priorities of the speculator.
Note - http://proforexmail.ru/
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