Is there anything like a best trading strategy?

Why take such a risk when you have better trading options in forex? I for one will never put my money at stake at something knowing there are limited to no reliable brokers. Major global indices are the ones I’m currently demo practicing with my brokers fxview and IG.

 

Mind sharing the strategy you’re using?

 

@rihana Been using the position trading strategy with the trend, using longer term charts in conjunction with the technical tools like the pattern analysis and drawing tools.

 

Go for CFDs. These are the best for indices and make you profit from the rising and falling prices.

 

Know of any broker?

 

Ask random strangers on the Internet. They'll share it with you at no cost.
Makes perfect sense.

 

There are quite a few actually like fxview, easymarket, xtb that offer competitive spreads and low margins. So, if you’re trend trading, you better keep the position open as long as the trend continues. Apply stop losses to safeguard your profits and reduce the losses.

 

I’ve been wanting to ask whether there’s a reasonable stop loss percentage?

 

It’s totally up to you what percentage loss you’re willing to take. If you find that the investment’s good but the price will fluctuate, and you’re still willing to take the risk, place a stop loss at 20, 30, or even 50%.

 

I’m really fed up with my broker and his hard and fast rules. He allows me to place a stop loss at a swing of 10%.