Wednesday, December 10, 2014

What is the Best Forex Strategy?

Successful trader has their own strategy and the best forex strategy that work for one trader may or may not work for other trader. Some strategies perform better than other strategies and each trader may find that certain strategies work for them, unlike other strategies. So, it could be pretty hard to pinpoint which strategy that works most effectively because every trader has their own opinion. But still, some strategies work for many traders and trader could always look for this kind of strategies.
Let’s start the list with the Forex fractal. This is the one strategy that people should know about because it gives more insight to the trader about the price of the currency, why the price going that way and who are the one that make the price move. Then there is the blade runner trade strategy, which is part of EMA Crossover strategy. This is one of the best forex strategy that work for all currency pairs and all timeframes. The trader that uses this strategy must put their attention on the liquidity and time of day instead of the volatility of the market.
Other strategy that people want to look at is the forex dual stochastic trade. Just like the name stated, it used two kind of stochastic, the fast one and the slow one. By using the combination of two stochastic, trader will be able to pick the area where the price is on the trend but it is overextended in short retracement and in no time it will goes back again to the trend continuation. What about London hammer trade strategy? It is also work well with some traders especially when the price will be taking off strongly to one side. A trader needs to learn every single strategy and practice it until they can come up with the best forex strategy that works for them on different situation.

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