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Thread: Benefits of Forex Trading Strategy

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    Default Benefits of Forex Trading Strategy

    What is Forex trading Strategy? A simple definition of this would be buying a countrys currency when it is undervalued and exchange it with another countrys currency with its normal or higher value, the difference is the profit.

    A common Forex trading strategy could involve US dollars and the Euro, the official currency of most European countries. To use a simple example of a Forex trading strategy, a speculator would buy Euros when they were undervalued; lets say two Euros equaled one US dollar. This would be unusual because normally the two currencies are almost equal. By spending one hundred US dollars to buy two hundred Euros a speculator would be able to buy more goods in Germany, France or other European countries. When the market changed and became more even, the speculator would have twice as many goods as he normally would have, and would be able to exchange those goods for US dollars once again. The difference would be profit. This is a very simple explanation of a Forex trading strategy, but gives the basics to the new speculator.

    Of course, when coming up with a Forex trading strategy the trader should only use money that he or she can afford to loose. This is speculation, as opposed to investment. The chances for profit are real, and could come quick but if the market turns the opposite way than expected the trader could actually loose money. A Forex trading strategy can reap large profits, but if anyone tells you that all trades will result in profit, they havent studied the market as well as they should have and they are not correct.

    Still having a sound Forex trading strategy for a competent businessman can be a profitable venture. It requires study of the markets, which takes time and is usually best accomplished by reading financial newsletters and using tools available on the Internet. Getting the advice of a professional Forex trading strategy specialist can also be a sound choice. Professionals have the time, education and skills and can generally help a trader come up with a Forex trading strategy that will result in profit more often than one could do without their help.

    The soundest Forex trading strategy options are generally used by large multinational corporations who are often able to make steady profits. Watching what large corporations do who are involved in Forex trading, looking for patterns they may have set, can help a trader to get the benefit of the very expensive expertise used by these large companies. Making watching of the large traders a part of a persons education is definitely a good place to start a Forex trading education. Identifying the state of the market, determining the time frame you are working in, and the currencies that have fluctuation and getting the advice of professionals through self study can be the wisest Forex trading strategy option available. By developing a trading strategy you can make large profit at the Forex market.
    by forexsage.com

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    how to generate 10% each month profit?

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    want to know,
    can we get our commision without initial deposit

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    how much risk is involved in candelstick pattern of trading?

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    well trader4ex,
    the amt of risk is based on how you trade the candlestick
    as i use 1% of my margin to make trades
    so i seriously dont have much risk involved as my target points around 300-500 pips and stop loss at 100 pips

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    How to build a good trading strategy?
    How should I do to make the profit loss ratio equal or greater than 1:0.8?

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    Do you think larger capital better to set bigger profit loss ratio?
    Cause with small capital the profit loss ratio can not equal to 1:1, I think.

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    Trading with 25$ in a standard account is very risky.one or two mistake may finish your money

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    Bullish soumyakhatri's Avatar
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    Quote Originally Posted by bibhutibhusan chand View Post
    Trading with 25$ in a standard account is very risky.one or two mistake may finish your money
    in standard account what s the minimum lot we get??
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    Quote Originally Posted by SwingForex View Post
    How to build a good trading strategy?
    How should I do to make the profit loss ratio equal or greater than 1:0.8?
    read the help file of meta trader ,, you will get to know about how to read the indicators ...

    i m also doing so but still i have to read about many things
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    Quote Originally Posted by bibhutibhusan chand View Post
    Trading with 25$ in a standard account is very risky.one or two mistake may finish your money
    yeah it's better to inject ur money to minimalize the risk...

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    Quote Originally Posted by soumyakhatri View Post
    in standard account what s the minimum lot we get??
    I think the min lot is 10 in EUR/USD pair ...

    25$ is high Rish ..

    But FXopen Gives $100 After 10 lots That Always Helps To Keep the captial ...

    If the lot size Change 0.1 to 0.01 in standard We will trade With some $7 to $8 Balance ....

    If Fx open changes the min lot For Standard A/c 0.1 to 0.01 That Really Start Standard A/c with Min Captial ....
    sorry for my bad english

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    a newbie or beginner should start with making few pips.but when it comes to long trades we shud be very confident on our trade.experts advice is very necesary.our decisions may go wrong.

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    seahawks90
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    I must say that there is only one thing which makes you are good trader is your strategies , because if you are doing trading without strategies then its for sure that you will loose after some trades , you can't make consistent profits.

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    Quote Originally Posted by seahawks90 View Post
    I must say that there is only one thing which makes you are good trader is your strategies , because if you are doing trading without strategies then its for sure that you will loose after some trades , you can't make consistent profits.
    I wholly agree with you as without any proper strategy we cant know what is working for us and how much that is profitable for us. All good traders have their own strategy which they dont want to change and stick to it to win consistently. We should choose one good profitable strategy and follow it for trading profitably.
    We cant make consistent income if we keep on changing our methods.

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