Which strategy of forex is the best and fully safe?

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

  1. RachEB

    RachEB

    What is best and safe for one trader is not going to be the same for all traders.

    You must take your time and and test trading styles and stategies for yourself to answer this question.

    It took me the best part of 3 years to answer this for myself.
     
    #81     Sep 28, 2021
  2. koczeau

    koczeau

    I agree with you, the suitability of a strategy varies from trader to trader and the kind of knowledge they possess. I believe there is nothing like the safest or the most successful strategy . If a trader understands market movements and is equipped with knowledge about the trading tools and platform, he can successfully trade by making strategies according to the market condition.
     
    #82     Oct 8, 2021
  3. shine

    shine

    The best strategy is the one you created yourself, you know it completely and understand all its nuances, it has been tested over years of trading and gives positive results.
     
    #83     Oct 15, 2024
  4. hanneswas

    hanneswas

    upload_2024-10-15_16-58-23.png
     
    #84     Oct 15, 2024
  5. Alexis_0

    Alexis_0

    For a safer Forex strategy, consider the "Conservative Trend Following" approach. Use moving averages to identify trends and enter trades in the direction of the trend. Implement strict risk management, setting stop-loss orders, and only risk 1-2% of your capital per trade. Consistent analysis and patience are key.
     
    #85     Oct 16, 2024
  6. shine

    shine

    In order to trade more profitably and more safely, you also need to be able to select pairs for trading. It is no secret that different pairs have different volatility and different spread sizes, which directly affects the final trading results. For example, I like to trade the EURUSD pair, which has moderate volatility and low spreads at my broker fxopen (0.1-0.2), it is smoother and more understandable for me. Also, with such parameters of its movement, you can often set small stop losses.
     
    #86     Dec 11, 2024
  7. Alexis_0

    Alexis_0

    It's impressive how dedicated you were to developing and refining your strategy over several years. The sources you mentioned—tradewithprecision, nononsenseforex, and proacttraders—offer valuable insights, and it's great that you found free resources to help you along the way. Consistency and learning from trusted experts are key to success.
     
    #87     Dec 25, 2024
    expiated likes this.
  8. expiated

    expiated

    Curious thing...even though I still trade Forex, it's not any of those Forex traders to whom I continue to give my ear nowadays, though it still comes down to three primary resources where I direct my attention, or more specifically: A. J. Monte, who primarily trades options; Peter Reznicek, who also primarily trades options; and Gareth Soloway, who primarily trades the major U.S. indices and equities, but trades commodities as well, and even the occasional option (if the impression I've formed is correct).
     
    #88     Dec 25, 2024
  9. kroxobor

    kroxobor

    Best strategy in the long-term is investment in non-fiat assets like Gold or high quality stocks or government bonds, returns may cover inflation and provide some real returns, imo it is the best combination between safety and returns in the long-term
     
    #89     Dec 25, 2024
  10. expiated

    expiated

    I forgot to mention that Soloway also trades cryptocurrencies.
     
    #90     Dec 26, 2024