Forex No fixed strategy in forex

[Palaeophile]

There can be not one fixed strategy when you trade in forex, there are constant market changes and it takes a lot of hard work to be able to understand which one works the best. As long as traders are flexible enough to be able to have an open mindset, nothing can stop them from achieving success.

 

[Diapason]

That’s an undeniable truth about the market. You have to change when the market changes. If you expect that a proven strategy would be able to give you good results, you probably need to go through your basics once again.

 

[Slumberous]

Yes, there is no established approach that can be certified to be profitable all the time for traders. Everyone has their own fighting arsenal. Find one approach that you're comfortable with, dissect it, analyse all angles, rebuild that strategy based on your discoveries, and test it on a demo trading account.

 

[Satanology]

There is no strategy that is 100% profitable. Traders need to develop their trading strategy based on their trading style. And Forex being an ever changing market requires traders to backtest their trading strategy frequently so as to cope up and adapt to the market environment.

 

[Asahi]

Take inspiration from profits and obtain lessons from mistakes. The majority of the traders don’t know the exact way of trading and that’s why they try but can’t recover from that situation. Focus on strategy and reliable broker. As a scalper, I can smooth trade on Eurotrader broker.

 

[Hylotomous]

Forex trading is a speculative activity and there is no one right way to approach it. Some traders focus on a single currency pair, while others trade multiple pairs. Some use technical analysis, while others focus on fundamental analysis. Ultimately, each trader needs to find the approach that works best for them.

 

[Henpeck]

Nearly every tactic works for a specific period of time but loses effectiveness after that point. Traders are required to routinely review and analyse their trading strategies. If there is something flawed with your trading strategy, the best course of action will be to modify it and make some adjustments.

 

[Scrutinize]

Surely, you can’t expect to remain profitable forever by using the same strategy with no modification. You must be flexible and adapt to the changing market situations and must revise your strategy accordingly. You should not switch strategies too often but focus on developing your skills to make spontaneous decisions as and when needed.

 

[BinarySumo]

There is no fixed strategy in forex because the foreign exchange market is constantly changing and evolving. Market conditions, economic indicators, and geopolitical events can all have an impact on exchange rates and the performance of different currencies. Therefore, a successful forex trader must be able to adapt and adjust their strategy based on changing market conditions.

 

[Jack Reacher]

Trading is not possible without a broker because brokers serves us different currency pairs and acts as an intermediary. FXOpulence offers more than 28 trading pairs including cryptocurrencies. They allow depositing and withdrawing in USDT too.

 

[FXOchartist]

Each traders has own trading strategy and habit in trading, they can use and freely to use different strategy in one account, however to making comparison, we can only focus in one trading strategy, so we can measure trading performance using one strategy compared with use different strategy. And choose more effective ways to trading in real account. If likely still doubt with focus on one strategy, you can use demo ECN FXOpen to backtest trading in ECN network.

 

[Dita Walczak]

Don’t compromise with earning knowledge because it is the only thing that can develop you. FXOpulence makes traders’ trading easier by offering narrow trading spread, high leverage and smart technology. They also provide support to traders.