Good strategy is essential for being profitable in Forex. As a strategy, I follow moving average, fibonacchi and RSI.
Traders should have good knack in risk management strategy because it is the only things that works as a driver for minimizing and maximizing profit.
I follow two techniques for minimizing drawdowns and maximizing profit. One is I avoid trading in volatile market and take low leverage in trading.
I have a reinvestment plan if I reach that level because I am still trying to achieve the market by earning more and more knowledge.
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