Thread: Forex Strategy - How to Earn BIG - (Forex Strategy)

Forex Strategy - How to Earn BIG - (Forex Strategy)

Hi!
Forex is not very easy but i will tell you what is forex & its strategy
About Forex-> Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world.The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country. The world currencies do not have a fixed exchange rate and are always fluctuating being traded in the currency pairs like Euro/Dollar, Dollar/Yen an others. 85% of daily trades are taken by major currencies trading.
Forex Strategy->
# Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
# Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.
# Unambitious trading
# Don't trade too short-term - If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.
# Don't be smart - The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.
Anyways Happy Trading
& Best Of Luck.

All good suggestions.

Just want to add that building your own strategy and trading plan takes a long time. Be patient, treat mistakes as payment for forex education and sooner or later you will see improvements and profits.

Originally Posted by daniellefr

All good suggestions.

Just want to add that building your own strategy and trading plan takes a long time. Be patient, treat mistakes as payment for forex education and sooner or later you will see improvements and profits.

Yes you are absolutely right.