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I had the same problems in my beginning in forex market . i will give you my strategy and i hope that you use it well . I use Zeg Zag . I go with the market . open two orders in the same way of the trend . i put taking profit in 15 pip and don't put stop loss . it works well with me so far .
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my friend, you have to ask to yourself what character is yours, do you like to get profit with fast and then you have to use scalping for your strategies and you want to get profit with slow then you have to use long term as your strategies, you have to choose some of them that suitable with yours styles, some of traders use indicators for their trading and the others use the news as their signals for open position
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I am currently using two strategies. One is based on Bollinger Bands,MACD and EMA . using EMA with the period of 10 and 50. Normally using this strategy in smaller time frames. My second strategy based on fundamentals. I open two positions when ever there is going to be a high impact news releases.
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Mere khayal se forex ki sabse achi strategy yahi hai ki trader sari technical aur fundamental studies karne ke baad hi trading shuru kare
aisa karne se trader ke loss ke chances bahut kam ho jayenge aur profit ke chances bahut zada bad jayenge..jo bhi trader dono analysis follow karta hai usse bahut fayda hota hai
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There are many strategies out there which very profitable, you only need to know which type of traders you are, there are three types of trading: long term, medium term, short term.
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If you choose to trade with the short term, you can find strategies that suits your needs, I suppose to you the beak out strategy, which is using the breakout of two moving averages.
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I explain to you how the breakout strategy works, we will use the 5m time frame, we add the 21 simple moving average, and the 200 simple moving average, but we need a filter, you can use the mace or the cci, is your choice,
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but I advice to trade and analyse only with metatrader built in indicator, which is give good results than the customs indicators, you can choose the reversal strategies, it can be more profitable if you are medium term trader.
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If you choose to trade with the reversal trading, I suggest you to find a strategy that use the rsi indicator, which can be helpful for you and it can help you to find best reversal points.
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There is the scalping method, if you choose to trade with this style, you can make big profits but in the same time this style of trading is very risky, so be careful if your choice is the scalping.