Today i will talk about forex startegies , and know more about various strategies that used by most of forex traders for maximizing their profit and also minimzing their loss , and how you need a strategie to success with forex .
forex strategies are more important for a trader to profit from trading , forex trading startegies make a trader more confident and experienced by help him in making some analysis to get some idea about the situation of the market , in a market with always changing exchange rates it difficult to trade normal , and if you let your emotions controle you , you will lose everything , and we motionet that in last lesson
if you search on google , about forex strategies you will find a lots of strategies but none of this will help you if you did not understand what happening around you , as i said there are a lots of strategies but there some kind of these startegies , there are strategie which can give you a small profit , but good enough , and there is some strategies that can give you a big profit but it a little bit risk , why it risk because in his type of strategies you have to trade more risk than normal, but i will tell you something every trader try to made a strategie help him to trade careful , you can not trade with no strategie that , would be a disaster for your account , and you can loss all your money because you dont have any strategie help you , so a trader must design a forex trading strateu according to many factors , you have to be sure that this strategie will not make you loss your account , this strategie will not let you risk most of time , this strategie make you trade with something else you are not have any idea about it , for exemple you know about currencies , but your strategie is for how to trade in stock or commodity , this will not help , just if you feel that you have an i dea about currencies dont let it until you success ,
you have to know about leverage , leverage allows forex traders to trade with more funds than in his acount , the leverages are provided by the forex brokers to their clients
the usual leverage is 100 : 1 for 1$ in account the trader can borrow 100 $ form his broker , day traders get much more leverage than other traders and the ratio leverage differ with broker and also the account minimum type of contract trading etc .
The most popular forex risk minimizing strategy is the stop loss order. Stop loss orders help traders to limit their loss by stopping a trade at a preset price. Forex trading systems allows traders to set their stop loss order prices. One related strategy is the trailing stop losses, which are proportional stop loss prices that come into play only when the prices are falling. There are also many other types of stop loss orders available which mainly depends on the broker to which the trader is affiliated to.
in forex there is stop loss and take profit ,, stop loss orders help traders to limit their loss by stopping a trade at a preset price . mean when you take a bargain you can set a stop loss for your bargain , for not loss more than what you want to loss , for exempl if you have 100 $ in your account ,and you take a bargain and you set your stop loss for not loss more than 20 $ from your account , so when your loss become -20 $ all your bargain you will close , because you set a stop loss for not loss more than 20$ form your account one another thing you have to know is order entry , automated order entry enables a trader to enter into a trade at a prest price rate automatically , so th trader can set the price at his trading platform with a order pending , mean if the price touch this point , automatic the order will active even you are not online , or using your platform ,
apart from these strategies , forex trader follow many other strategies for choosing currency pairs , trading hours , entrance and exit prices etc , irrespective of th type of the strategy , all forex strategies involve risks , the success of a forex strategy depends on many factors like the market condition and the discipline of the trader .
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