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The
Best Forex Strategy for Consistent Profits
Some traders
prefer the monthly, weekly or daily trade forex strategy. Others
consider that the best forex strategy is the intraday trading, and
probably none of them is the absolute best.
In reality,
there can be profits in any forex strategy as long as you are well
aware of the market movers and signals at any given time, and you
have a clear understanding of all the elements that support your
forex strategy.
Some traders
base their forex strategy in long term investments (monthly or weekly
positions), while others will build their forex strategy around
daily or intradaily positions that might be open no longer than
a few hours or even minutes (this traders are known as scalpers).
A long term
forex strategy will probably earn you 100 or 200 pips in one trade,
but that is probably all you will gain within a month or a week
if your forex strategy gravitates around monthly or weekly positions,
But on the other hand, a well carried scalping forex strategy can
deliver many little 10 or 20 pip trades during a day, meaning that
maybe you can total anything between 80 to 160 pips in one day using
this forex strategy.
The intraday
forex strategy benefits from the fact that the forex market, whether
moving up or down within any particular currency pair, will always
make small fluctuations that you can profit from using an intraday
forex strategy.
Which forex
strategy is best for you will depend greatly on your personal investment
and risk management style, and also on how much time you can dedicate
during the day in order to follow the market trends and spot the
right entry points for a profitable trade.
I prefer the
intraday forex strategy because of its profitability and because
frankly I have some time to spare, but mostly because I have the
assistance of a software I discovered a while ago, which places
trades by itself based on the market trends occurring both during
the day an during the night.
So even when
if am not in front of my pc, I can go on trading all day and all
night, profiting from of every little window of opportunity to scalp
a few pips out of the market. With this approach, my intraday forex
strategy delivers about 120 pips daily, which in my particular case
means I earn about $3,000 per month with a 5,000 investment.
So the intraday
forex strategy can indeed be the most profitable one, but it will
demand that you stay very attentive at what is going on within the
market on a minute by minute basis, unless of course you have a
software that stays on guard while you are busy with your job or
anything else that might keep you from continuously analyzing the
market trends.
If you are wondering
about the software I use to help me with my intraday forex strategy,
I will only tell you that it does work and that its called the FAPS.
About the Author
Martina
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