Profitable Forex Strategy

Forex trading strategy are like a gun for forex traders. Forex market is uncertain world because there is many player in forex market. Even the forex brokers it self trade their money in forex market. Almost 98% forex traders loss their money because using only gambling or feeling. Because of this, sometimes forex industry have bad reputation from online making money. Forex market have knowledge it self, so that why we as professional forex traders have to learn and practice each forex strategies and finally found favorite forex strategy to earn some money with consistent.

Very Profitable Forex Strategies

Forex strategy is always need on every analyze before made decision to enter forex market. One of popular strategy is money management with tight stop loss and using maximum risk only 2%-5% per entry.

And secondly we need to know simple way in how to draw the correct trend lines in forex candlestick chart. This is will used as what current major the we can open trades the same as trend lines direction.

We can draw the trend line from two or three or even 6 high and low level price. Then we can now what current trend is. Is sideways, up trend or down trend.

Trendlines is the simplest way to detect current major trend.

Another successful and highly profitable trading strategies are support resistance strategy based candlestick patterns analysis combined with multi time frame analysis.

Breakout trading strategy based two reversal candlestick patterns range is also very good to and worth it to use.

There are many ways to get more pips from forex market as long we know where strong area to reversal and on that area we wait trading signal confirmation. And this confirmation usually based as breakout strategy and we looking this breakout in one hour time frame at most.

We can learn too about price action as our breakout trading confirmation. This price action is very simple to learn. Because we only need looking for waves of Higher high – higher low for up trend and higher low – lower low for down trend.

More about price action breakout trading system we can read in previous article.

Finally, the conclusion is every forex traders have to looking their works forex strategies, it means those forex strategy have to be produce consistent pips and have accurate signals more than 75% and tested at least for 3 months before using on real money.

Even some forex traders testing their forex strategy at least 1 year to get their forex blueprint strategies. Yes, patient in waiting trading signals entry momentum is the key to get success in forex industry.

My suggestion using trend lines as basic indicator for reading trend major candlestick reversal strategy, and fibonacci retracement strategy to looking the best entry level and run test it on h4 time frame. This three parameter is one best forex strategy to trade on medium term. This is only suggestion, but you can searching a million forex strategy on the internet via forex forum or mql4 forum. If you follow forex rule from proven forex strategy and using tight money management you won’t loss your money again. Just follow the rule from your favorite forex strategy. And one of my best forex strategy that have proven until now is averaging in true strong support resistance strategy based candlestick reversal patterns. Even we can use scalping in 5 minutes chart and combined with trend lines from one hour time frame for intraday traders. And lastly, even we trade with most profitable trading system, don’t forget using tight money management as our primary protection strategy to our capital.