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Forex Trading Strategy PDF Print E-mail
Tuesday, 13 January 2009 23:19
I one read that there are thousands of way to trade the Forex Market Profitably. The problem is that 95% of traders don’t apply their specific strategy consistently.  This is the greatest error of all in trading. Whether you are looking for killer results on a few trades or like to pick at the market, consistency is key.
Over the last few months I have been side of the market quite a bit because I had never seen a market like this before. I have only been trading since 2002, so I do not have what I would consider extensive experience in the market. SO when I saw the huge daily ranges getting bigger and bigger I sat aside.
Now that we are starting to see ranges a bit more normal I am willing to return to the game, consistently applying the strategy I used before.
Keep the following in mind when trading:
  1. If you don’t know what it happening don’t do anything
  2. Identify your set up before entering the trade. Know your entry, stop and target.
  3. Take the time to look over you charts, even if you are using an automated trading system.
  4. Make sure you know what news is coming and when
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Last Updated on Tuesday, 13 January 2009 23:22