Best Strategy.

[goldenmember]

I think not using a stop loss is the worst thing you can do. You think that you can't lose because a pair cannot go down or up 1000s of pips. If you look at some pairs like EURUSD or EUDAUD they have gone down a lot. USDJPY has as well. EURAUD has gone down 10 000 pips in the past 3 years and has not gone back up. If you did not use a stop loss and used 1 microlot, you would have lost $1000 already, losing $0.04 per day on swap interest and may be waiting another 3 years for it to go back up so you can make $0.10 whereas you would have lost $700 on swaps - so $1700 in total. You have to use a stop loss.

[santo.plus]

friend i can not agree with you.
it is all right that you are using low risk but remember without stop loss trading may double risky for you.
so set stop loss.this is recommended for all traders.
thanks.

[kubi]

mujhe do bar magin call lag chuki hai jis waja se ab me hamesha hi stop loss ki stratgy ko use krta hu is ki waja se mere capital pr zyada bojh nhi prta.

[faisal89]

It could be assume that Trading forex currency trading without the SL is never the mortal way to trade forex business. This is because it is risks and it could drive any trader to have a big decline and if assertable a margin song.

[suresh]

thanks for the information that you provide to us, we as traders feel the information is very useful for us. because we as traders still do not understand much about some of the best strategies in the forex business.

[ashwini]

agar app long trading style use karte ahin.. to .. year 2-3 trade milenge aur per trade kam se kam 500pips ka hoga..
aur agar app scalping day trading karte ahin. to .. app ko easily .. maxi time 10-25 pips .. and monthly 1-2 din .. 50-100 pips ka income karne ka mouka milega. so yeh depend karta hain. ki app koun se trading style use karte ahin.

[Gurufx]

the best strategy in doing the tradings is to take less risks and also to manage the money well so that you should be able to do the good trading.; we should not take some high risk in forex if we have less money in our account.

The basic thing that forex requires is a very good knowledge.You have to spend time to analyze and to make sure that you are able to make a perfect analysis in the market as better as you can for better or for worst.

[ali1011]

main to just indicators use karta ho unhi ko fallow kar k main market me trading karta ho or meri earning be thek chal rhi hy mian just moving average ke combination and trend line support and resistance ko fallow karta hon yeh kafi benifit dey jata hy mujhy profit k liye

[Madushanka]

There is no such thing as "the best strategy". You have to experiment several "classic" strategies with demo accounts, or create your own strategies. I have created some strategies myself, but I can't say which one is the best. There are strategies suitable for trending market and other strategies suitable for ranging market. One thing I can tell you for sure: You can't use only one strategy. If this strategy will get you profits in trending market, it will sure lose on ranging market. The biggest problem is to spot the market condition: trend or range. Once you do this, you can use the suitable strategy. Like Maji, I like breakouts, but I never enter a trade on breakout without the confirmation of rising TR( or ATR1) & ATR4 & ATR18 on H1 timeframe. All this 3 indicators must rise in order to enter a trade based on breakout. This kept me out of trouble (whipsaws) many many times.
You must also look at other pairs too. I trade mostly the cable (GBPUSD) and I allways look at the EURUSD too when I enter a trade on cable. Those two pairs have a correlation of 90-98%. I also look at the USDCHF because this is negative correlated to the cable (when cable goes up - USDCHF goes down). This also kept me out of many many whipsaws.
And the last "tip" for creating a good strategy: don't use small timeframes because you'll get a lot of "noise" and a lot of bad signals. I use H1 and I never keep open positions over night.

[nobby]

Nobody can really say that he has the best strategy but rather when a trader is conscious of the risk that he is exposed to in a particular trade then that is the best strategy to use. It is important that our strategy should always reflect money management.