select your trading strategy

[Noah Jackson]

A proper trading strategy can help you to lead a profitable trading career easily. And if you use a bad trading strategy or if is do not match with your requirement you will never be able to achieve success. As a Forex trader I select FXdirects Company that is much reliable and trusted in this field. They allow almost all types of and different trading strategies in their platform. So, I am using their long term trading strategy.

[Jo Eshuijs]

If you can select you trading strategy properly, you will surely gain success in your Forex business. Most of the times traders choose difficult strategy as they think it would be better, but the simple and easy trading strategy as per your trading requirement you should choose actually. I choose the short term trading strategy and my broker Forex4you allow various trading services for making my trading profitable. Their low spread helps me to make money.

[Hanan Öberg]

Sometimes strategies even don’t work when the market condition is adverse. But, on average, it works. A trader must be strategically-armed to shine in Forex. They must keep multiple strategies as a backup. As FXOpulence allows traders with a massive 1:500 leverage, you can easily earn more. They allow traders with two types of trading accounts including ECN and classic.

[uncle gober]

There are many strategies that traders can use in forex, and each trader may have their own unique strategy. That's why I always hone my strategy using a demo account, and once it's well-developed, I implement it in a real account with Tickmill broker.

[Hanan Öberg]

Personally, I prefer scalping the most and BTCUSD is the most volatile trading pair. I like trading with the FXOpulence broker especially in their crypto500 and indices1000 trading instruments. Their withdrawal is fast and secure and they offer tighter trading spread and 1:500 leverage.

[AdhitamaRi61944]

In choosing a trading strategy, traders can adapt to their respective conditions. For example, if you focus on just one pair, you can listen to news from two countries. I give an example of trading on GBPUSD. So we will focus on fundamental news from the UK and US. Next, you can analyze technically according to your competence. For example, with a price action candlestick chart.

[uncle gober]

Every trader has a different strategy when it comes to forex trading. That's why I always prepare everything and make a plan, so that trading can proceed comfortably and safely with Tickmill broker.

[Fin_Trader]

Yes, you can’t do without a trading strategy in trading. Only thanks to it we can find fairly accurate entries into the market and take profits on time. And most importantly, we can control risks, since risk management must be present when trading using any trading strategy.

[Hics1966]

Selecting a trading strategy involves careful consideration of various factors to align with individual goals and risk tolerance. Start by assessing personal strengths, such as analytical skills or patience, to match with compatible strategies like day trading, swing trading, or trend following. Research different methodologies, including technical analysis, fundamental analysis, or quantitative models, to find a suitable approach. Consider the time commitment, capital requirements, and market conditions relevant to the chosen strategy. Backtesting historical data and practicing with demo accounts can validate strategy effectiveness and build confidence. Ultimately, choose a strategy that resonates with your trading style, preferences, and long-term objectives.

[uncle gober]

Every trader has a different strategy when it comes to forex trading. That's why I continue to develop mine, so that I can improve and consistently profit with Tickmill as my broker.

[uncle gober]

Learning is indeed crucial in forex trading. Therefore, as traders, it's important to engage in regular learning sessions to gain understanding and, of course, to be better prepared for trading on real accounts with Tickmill broker.
 

[Fin_Trader]

The choice of trading strategy also depends on the time that you can spend on trading. Therefore, someone trades on higher timeframes using a medium- or long-term strategy, holding transactions for more than one day or week. And someone trades intraday, making quick transactions during the day, of which there will be many more and such trading also requires more time.

[skrimon]

19 hours ago, Fin_Trader said:

The choice of trading strategy also depends on the time that you can spend on trading. Therefore, someone trades on higher timeframes using a medium- or long-term strategy, holding transactions for more than one day or week. And someone trades intraday, making quick transactions during the day, of which there will be many more and such trading also requires more time.

Absolutely, the time available for trading significantly influences strategy selection. Higher timeframes often suit longer-term strategies with fewer, but potentially larger, trades. Conversely, intraday trading involves numerous shorter-term trades, demanding more active monitoring and shorter time commitments per trade.

[maspluto]

For strategy, I believe every trader has a different approach. That's why I'm always developing the strategies I use. This is done so that I can better understand and trade to the fullest with Tickmill as the broker.
 

[Fin_Trader]

Any trading strategy will not be profitable if we do not have self-control and psychological stability. We shouldn't rush and try to make a lot of money in a short time. Such greed, haste and indiscipline can only lead to negative results in trading.

[uncle gober]

Strategy is crucial in forex trading. I always implement strategies along with preparation and planning, ensuring that my trading is more focused with Tickmill broker.