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Using Trading strategy

Discussion in 'General Trading Forum' started by LorrainMor, Jun 2, 2019.

  1. LorrainMor

    LorrainMor

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    Trading strategy can be an action plan where a trader can get those directions which will allow him to achieve his trading objective according to his financial capacity and skills level. To employ plan in effective way a foreign currency exchange trader needs to ensure efficient use of money and effectual supervision of risk. Before using any trading strategy today a trader can use his demo account to test the strategy.
     
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  3. Smash Fun

    Smash Fun

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    A trading strategy can be anything that can make your trade from start to end until it can get profit or sometime loss. Your strategy is your trading guide which help you to work here.
     
  4. Antal

    Antal

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  5. Hoang

    Hoang

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    Thanks for sharing. It is great piece of information. The triangle chart patterns has been an old time strategy that is still very useful today if applied correctly.
     
  6. lioneld

    lioneld

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    Yes; chart patterns are useful; but we should use the market chart according to the context! Otherwise, we’ll lose our money because trading against the market trend is always risky.
     
  7. Richards

    Richards

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    I like the way Smash defined what trading strategy is. Hopefully every newbie will be able to understand this topic very well. Certainly, development of one good strategy will require significant time spend on market perfecting it, before it will be able to generate continuous profits
     
  8. lioneld

    lioneld

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    Yes, he described very smartly! That’s the usefulness of Forex forum; best place to learn Forex (till now).