all trading strategies we can use to trade forex properly. only ourselves who do not know how to trade properly so we do not know when to start entering the forex market. when I started trading I myself was still confused by the strategy I chose. so I have to learn from stage to stage and I can develop it with the analysis that I did by combining the signals from the master traders in this forum.
Increasing lot when you are losing are like martingale strategy. I dont think it is a good idea since we dont know either the trend will continue or not. Even it is overbought, larger time frame maybe it is now over bought. So, by increasing lot, you are increasing the risk. I dont think it is a good idea.
There is no oversold and overbought situation in forex trading its only the bullshit phenomenon made by forex traders i can show you lot of examples where pair can rich to oversold situations turn back little and then follow its main trend so i dont belive in oversold and overbought condition
Strategy is good but this is not for beginners and I want to tell you that technical and fundamental analysis is great for trade in a market if we trade on technical analysis base then we can have minimum Chance's to get loss in forex trading We should to always follow money management .
Thanks for sharing, will try and use it! Also I have just read about an interesting tool https://3commas.io/ for everyday routine in trading. And now I want to make sure if I can use it or it is better to try work without any additional software?
There are many strategies you can find in the market. But the basic strategy we have to follow money menagement rules strictly and we follow the risk reward ratio. You can follow the strategy we want to follow with money menagement and risk reward ratio every strategy Wil work for you. Thanks guys
If you risk $1000, then you can make an average of $20,000 per year. If you risk $3000, then you can make an average of $60,000 per year. If you risk $5000, then you can make an average of $100,000 per year. This is the same strategy, same account size, and same trader.
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