Forex Trading Strategies created to post and discuss trading strategies of all kinds, from the benign ultra secure- if there is one in Forex- To the craziest most risk laden.
This board is another extension of the Hub which includes
Forex Traders #board-5125
Forex Education #board-11631
Forex News Traders #board-11629
Forex Technical Review #board-11630
This Board is open for all interested in the Forex Market..
Please helps others by posting your favorite strategies.
Trading is a speculative endeavor that requires proper training and education, and should include strong discipline, risk management and money management skills. Just like in any market, the forces of supply and demand are at play. The emotional elements of greed and fear cannot be escaped. Have a plan that focuses on proper money and risk management techniques. Use stops to protect your money and minimize losses.
Make money in both directions, up or down. Unlike the equity market, there is no “uptick rule” that limits a trader’s ability to sell short. Short positions can easily be entered by hitting the bid and are part of most speculative trading strategies. There is equal opportunity to profit in up and down markets.
There are several basic approaches that traders take, either fundamental or technical analysis, or a combination. When using fundamental analysis a trader is going to look at issues that are fundamental to the value of a currency including the state of the economy, especially interest rates and inflation, the balance of trade (balance of international payments for goods and services), and political factors.
Technical analysis, on the other hand, is concerned with the forces of supply and demand and the behavior of price over time of a particular currency pair. The tools of technical analysis are price charts and technical indicators (or studies). Price patterns have a tendency to repeat themselves. A knowledgeable technical trader can utilize pattern recognition to increase the probability of success and tighten risk management strategies. Technical analysis is also used by traders to develop trading systems that automatically look for a combination of technical factors to be in place before giving a trade signal. Since most of currency trades are short-term (less than 7 days)
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