For me, the best trading is to use a robot, pairs Eur/Usd, Gbp/Usd, Usd/Cad, Usd/Chf. Variable TP and SL, Trailing Stop, Equity % Risk and minimum lots 0.01 for start. Results from the last 10 months.
according to me , there is no trading strategy which work 100% for all time , market moves at random most of the time , so there is no way to depends on single trading strategy , should be more careful.
You cannot really hope for a strategy that is going to be successful always. You need to be very very careful, and it takes time to develop a plan that can work well in most occasions.
Absolutely! It can't be excelled in a few days, weeks or months. Traders spend years on finding a suitable strategy.
Yes and sadly you find some traders who think it is doable within a couple of weeks, or even days. I sometimes read comments that make me wonder how many try out their luck in forex purely as if they were gambling. In truth it is a serious business which needs a lot of patience and work.
I agree with all posts here. FX trading is by definition not safe. However, I can suggest here two safer ways to trade Forex: 1) buy a signal on mql.com which has at least 70weeks of history. You will need enough capital to gain around 1% per month minus the signal cost (~10k). 2) safe and slow one-way grid: 2.1) find areas in history where a trend (same candle color) on the 1D timeframe was the strongest. E.g. 4 candles and 5% between max and min. Now compute the grid step as to be 25% of the double of the max-trend range: E.g. 5%*2/4=2.5%. Important: don't use lower timeframe to estimate the one-way-jumps. This is the most critical step in the strategy. 2.2) Now, enter e.g. a short position no matter when. Entry signal is irrelevant. Just do it right now in your demo account. Use 0.01lot or max 1% of your account. 2.3) place limit sell order with 2.5% spacing above the first position. Set the order lot sizes as following: 0.02, 0.04, 0.08. (X2 the previous position in the grid. 2.4) exit all positions when the account is in the profit area. The second strategy is considered as martingale and super dangerous. This is true but **only if you set the grid spacing too small.** This happens quickly (also to me from time to time) because of greed and overconfidence. Update: if you apply the 2nd strategy, you will suffer pain while looking at the eventual drawdown. Get used to it (see book bulletproof trader).
Imposible to answer. A forex strategy is something personal and often formed over years of trial and error.
As an individual trader, no matter how large your account, you are like a flea trying to hitch a ride on an elephant, i.e., the central banks behind the currencies you are attempting to trade. The only thing you can do is figure out which way the elephant is going, and go in that direction. Then hop off before the elephant changes its mind.
in my trading experience and career i never found at any trading strategy which brings profit for all time , i found its all about for short time.