Forex Trading Strategy by Tareq Amar
Forex Trading strategy is a very hard to locate. By Forex Trading strategy you may control yourself and protect your money.Forex Trading strategy is a way where you may count your pips. lets see my Forex Trading strategy.Hope by my Forex Trading strategy,you may more get as you want.
Have you ever caught fish? What do you see when you ran after fish. It does not come to you itself rather it flees from you as you ran after it. YOU RUN AFTER AND FISH RUNS BEFORE. What if you set a net before the fish? Surely it will be caught in the net. I have the same fishing strategy.
Usually I do not open position directly. I mostly use pending order. I do not use indicator for signal and usually do not close trade in loss, rather wait for the trade to come in profit. Mostly I use stop order instead of STOP LOSS because I prefer to hedge than to close in loss. In every instance I place two trades together – one open order and other opposite pending STOP ORDER. If buy position is triggered, I place a SELL STOP instantly at safe distance, and same for sale trade.
I use stop loss only when there could be a small loss. I place all pending orders and stop loss in safe distance which is the most important thing of my strategy. One thing you must know, placing pending order or setting a SL do not work for you if you cannot find the right point. Otherwise you will find your pending order is open and then in loss again, and, also same for the STOP LOSS. You will find that your STOP LOSS is hit, trade is closed in loss and a few moments later you find that if the trade was not closed in that position it could be gainful. My strategy tackles all these problems. All my pending orders and SL are set in safe distance. They are mostly hit with 95% accuracy.
My strategy also involves that I avoid trading during high impact news. Either I close all pending orders or hedge the open positions. I open positions after the news even is over. I take all precautionary measures to prevent account go nil.
I do not make any guess. This leads to wrong trade. I always think an even may come good or bad. So which ward should I place the trade? My strategy covers solution to this problem. Any good or bad event has same impact on my trade. Not that the event came bad and I had loss.
I give priority to two things:
- Prevent the account from going nil.
- At least account should be hedged in opposite trend.
I cannot disclose the trading strategy or how I do all these in full as it is my business. I may say this is nearly the final of my research work. I have trading experience of more than 5 years. Now I can say that if your balance is 500 you can easily gain at least 100/ 200+ daily. If your balance is 100 is should reach 500 within a week. Better you do not invest much. Try with 100 only. And, that would be enough.
PLEASE NOTE THAT:
- DO NOT TAKE ANY BONUS FROM BROKER, IT PLAYS ROLE TO GO ACCOUNT NIL.
- TAKE THE HIGHEST LEVERAGE, IT INCREASES YOUR MONEY AND SUPPORTS ACCOUNT IN OPPOSITE TREND.
Forex trader & analyst