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The importance of Forex trading strategy


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Specific trading strategy should be used exactly for a chosen currency pair, for which it is created because it depends on the ratio of the certain currency pair. However, this does not mean that the other currency pair won’t benefit from the chosen strategy, but make sure you analyse the strategy more before applying it on different currency pairs.

 

The main task of any Forex trading strategy is to minimize the impact of external factors on the Forex trader and to organize trader’s activities. The development of a trading strategy can even be compared with the development of a business plan for a specific project.

 

When developing your own trading strategy or improving the old one, it is important to remember these rules:

 


Any trading strategy has a share of subjectivity, it does not guarantee a success and can work also against you;

Each Forex trading strategy should be compatible with a trader’s style;

95% of trading failures are caused by lack of the psychological stability – Forex trading strategy is designed to solve this problem.


 

Traders can combine different methods or develop even their own indicators and trading robots, because there is no limit in different variations. now I try to stay consistent to trade with some combination of several indicators that I try to apply in TICKMILL

 

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Specific trading strategy should be used exactly for a chosen currency pair, for which it is created because it depends on the ratio of the certain currency pair. However, this does not mean that the other currency pair won’t benefit from the chosen strategy, but make sure you analyse the strategy more before applying it on different currency pairs.
 
The main task of any Forex trading strategy is to minimize the impact of external factors on the Forex trader and to organize trader’s activities. The development of a trading strategy can even be compared with the development of a business plan for a specific project.
 
When developing your own trading strategy or improving the old one, it is important to remember these rules:
 
  •  
  • Any trading strategy has a share of subjectivity, it does not guarantee a success and can work also against you;
  • Each Forex trading strategy should be compatible with a trader’s style;
  • 95% of trading failures are caused by lack of the psychological stability – Forex trading strategy is designed to solve this problem.
 
 
Traders can combine different methods or develop even their own indicators and trading robots, because there is no limit in different variations. now I try to stay consistent to trade with some combination of several indicators that I try to apply in TICKMILL

 

I disagree. A certain strategy is good for certain trends and patterns not certain pairs. So if we want to use a strategy its best to know the best trend to trade this strategy to start with.  That's why we need to learn how to do analysis. The more accurate our analysis the more we can end up making good profit in forex trading regardless what strategy we going to use.

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dear if you a trader then you should have to get the best strstegy about forex with out it profit is not possible for us if our strategy is weak then first find the mistake which is found in the your strategy and remove it so that we csn also earn profit like other when we are making trade in the forex market.nevet make any mistake while placing order

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dear if you a trader then you should have to get the best strstegy about forex with out it profit is not possible for us if our strategy is weak then first find the mistake which is found in the your strategy and remove it so that we csn also earn profit like other when we are making trade in the forex market.nevet make any mistake while placing order

 

If we want to get maximal result in forex, we must try to be better trader. We can use small amount first in forex. We can understand more about the risk in forex trading.  Mistakes, trading experinces must be maximized as lesson

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strategy is a plane which we use to get profit wbile we arr making trade we have to creat a strategy for ourself so that each time we goes to trade the we ca use these trick and after the trade we can get profit which we want .each person has a strategy to trade in the market but senoir person cant share there strategy with us which is so bad

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