Which strategy of forex is the best and fully safe?

Discussion in 'Forex' started by Finlay-Ar, Oct 14, 2020.

  1. Finlay-Ar

    Finlay-Ar

    Hello friends
    Which Forex strategy do you think is better and safer?
    please guide me.
    Thank you very much
     
  2. AbbotAle

    AbbotAle

    The best and safest strategy in pretty much all markets is the one you've personally taken YEARS to perfect.

    Again, YEARS to perfect. And during those years of learning, most people have to suffer...
     
    Onra, wave, Finlay-Ar and 3 others like this.
  3. expiated

    expiated

    It took me from 2011 to 2015 to come up with a winning strategy, and it took me from 2015 to 2020 to hone that system to the point I felt it had reached "perfection." So, I agree with AbbotAle, especially since I was not willing to pay anyone to teach me what they supposedly knew.

    Nonetheless, three sources of information I felt were especially useful to me personally were tradewithprecision (Nick McDonald), nononsenseforex (Patrick) and proacttraders (Scott Barkley). No doubt you can find videos they've produced for free on YouTube.
     
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  4. tomorton

    tomorton

    Depends very much on what you mean by better or safer.

    A trend-following strategy entry gives you frequent repeatable opportunities with a high probability of a win but almost no probability of a dramatic win. Reversal trade entries have the reverse characteristics in many ways - infrequent unique opportunities with a high probability of false moves but at least a low probability of extraordinary gains.

    If you're looking for your first strategy, start with one that is objective and almost mechanistic. Go for the simplest chart pattern (uptrend), use the simplest chart set-up (moving average) to help you confirm trend. The entry signal is personal choice.
     
    Finlay-Ar likes this.
  5. Ponmo

    Ponmo

    No Forex strategy is fully safe, and there is definitely no such thing as "best" Forex strategy. Anyone who tells you otherwise is probably trying to scam you.
     
    Finlay-Ar likes this.
  6. This is nonsense. Trends give the large moves, often.
     
  7. If you're looking for 'safe' trading is the wrong business for you.
     
    Finlay-Ar likes this.
  8. tomorton

    tomorton


    I say nothing about the total duration of trends - in forex these can last for months, and this isn't rare. Naturally, the total pip difference from start to finish is considerable. But in reality how many private retail traders ride the whole trend?

    Then again, as far as reversals are concerned, over short time-spans, they often take out far more pips per day from a trend than the trend was putting in. But on that scale they last just a few days...
     
    stockpredictor likes this.
  9. Handle123

    Handle123

    Never open an account is safest.
     
    Finlay-Ar likes this.
  10. maxinger

    maxinger

    The safest is don't trade forex.
    Because there is a high chance you will be in the majority category.

    The majority of the traders ( about 99%) lose money trading forex.
    Only 1% make it after they try very very hard developing their own holy grail.

    Go and do anything like being a professional gambler,
    forex coach, doctor, cleaner, soldier, loan shark runner,
    sports man, wrestler, scientist, technician, spy, snake oil seller .... Go do anything except being a trader.

    Of all the professions in this world, being a trader means chances of success are extremely slim.
     
    Last edited: Oct 14, 2020
    #10     Oct 14, 2020
    Finlay-Ar likes this.