Percentage in Point

Percentage in Point

Facts about Popular Forex Trading Strategies

Posted: 03 Jul 2010 12:28 PM PDT

In Forex trading there are so many strategies, some make you money and some lose money. So it's better to avoid such strategies in which there are chances of losing money. Here I will talk about 3 popular Forex trading strategies.

Forex trading strategies

1 – Cheap Forex Robots

It’s true that you can't earn so much from several hundred dollars that you can have a life without any effort, and in Forex trading majority of traders lose money. These systems are having smart marketing but don't be taken in by it, if it looks to good to be true, it is!

2 – Scientific Systems

We all know that science got nothing to do with Forex trading. Because science deals with the facts, and about markets nothing can be predicted. There is solid reason for it and that's human's approach which is not scientific in terms of trading and it cannot be predicted in advance also.

There are three popular trading systems:

  • WD Gann
  • Elliot Wave
  • Fibonacci

The far out crowd love them but it don't work always also. So forget about predictions because Forex trading is based around the odds, obviously you won't get money from every trading but if you trade the odds you can make a lot of money.

3 – Day Trading and Scalping Systems

Day trading and scalping systems are having one basic problem and that is volatility within a daily period is random and you can never predict what millions upon millions of traders will in hours or minutes and this means you don't have the odds on your side and will lose. Day trading strategy was useful when only the select few had the price quickly but that advantage had gone now. Now prices are available to everyone on a single click of mouse.
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