How to choose the right strategy. How to choose the right binary options trading strategy. How to solve this problem

Every novice trader is concerned about the question: how to choose your Forex trading strategy? For successful trading, you need to have your own strategic approach. Haphazard trading at random is unlikely to bring you profit. A well-thought-out and time-tested trading strategy is required.

It is difficult for a novice trader to immediately develop a profitable one himself, but this is not necessary. To begin with, you can use a ready-made strategy, tested in practice by other traders, since there is now a lot of such information on the World Wide Web.

But even choosing a trading strategy may not be such an easy thing, because their choice is extremely wide. Even on one forex portal, their number can be measured in tens or even hundreds.

To choose your Forex trading strategy, you first need to, which will be more convenient for you to work with. It all depends on your psycho-emotional state and on the time that you can devote to trading. There are four trading styles: scalping, day trading, swing trading and long-term trading. Accordingly, here are four types of trading strategies.

In addition, Forex strategies differ from market conditions. The market is not constant in its movement, it happens (when the price moves in one direction for a long time), flat (when the price does not go beyond a certain range). A flat section can end with a sharp price jump in any direction - a breakout. In this regard, trading strategies can also be divided into trend, flat and breakout. Different market conditions require different trading strategies that will be significantly different from each other.

In addition, the trader needs to decide on which timeframe it is preferable for him to work.

An important point of any trading strategy is. Not observing or not using it at all, no strategy will help you stay in the Forex market for a long time.

Here are some simple tips how to choose your forex trading strategy .

1. Choose simple Forex strategies to start with, containing a small number of other elements. You can try classic variants of trading strategies containing . These strategies are quite simple but effective. The strategies chosen should be simple and easy to understand. You must absolutely understand their logic and algorithms. So there is much less chance of making a mistake than understanding complex strategies stuffed with a large number of indicators.
2. Start with long-term Forex strategies, as short-term ones (scalping, intraday) require constant monitoring of the market and high tension. It is clear that a novice trader wants to see the result as soon as possible, but working on short-term strategies requires a certain amount of experience that has yet to be gained.
3. Having chosen a trading strategy, work strictly according to the parameters proposed for it. Only after studying it thoroughly and having received certain results, you can try to change the parameters to optimize the strategy.
4. If you have found a suitable trading strategy, continue to test it and select the best parameters. In parallel, look for another Forex strategy and test it on another. Compare the results of both strategies in specific market conditions. After all, the market is constantly changing, and each Forex trading strategy will give different results under different market conditions. You can choose several different strategies, for example, a trend strategy, a flat strategy, a breakout strategy, a strategy for working on the news. Thus, under any market conditions, you will earn according to different strategies, and not wait for a trend, for example.

As you can see, choosing a trading strategy is a time-consuming and slow process. But it is necessary for every novice trader to pass it. After all, without a trading strategy, working on Forex cannot be effective and profitable.

Today we are talking about which strategy is better to choose in Yandex Direct: let's see what the contextual advertising system offers us, where to apply each option and how to make the campaign effective. A well-chosen strategy will help optimize advertising in both search and YAN: reduce the cost of a click, increase the flow of converting visitors, cut off non-targeted visits and get the right one. The main thing is to understand the goals, and only then select a specific tool.

Why do you need an impression strategy in Yandex Direct?

It determines who, when, where and how your ads will be shown and helps you optimize your campaign. Different strategies help solve different problems: reach the maximum audience, bring in more targeted visitors, improve return on investment. At the same time, they have one goal - to save as much money as possible with maximum efficiency. And if you do everything right, then there will be no problems with this. But if the tool does not meet the task, and the rates are not adjusted on time, advertising in Yandex Direct will not be as effective. All other things being equal, you will get clicks and conversions, but you will miss part of the benefit. That is why it is so important to think over everything in advance: analyze the future campaign and choose a strategy in Direct. Let's deal with this in more detail.

What strategy in "Yandex Direct" to choose?

Depends on campaign goals, your experience with setting context, and a bunch of other things. In a global sense, there are two options: do everything with your hands or trust a soulless robot. Let's consider the second case first.

Automatic strategies in Yandex Direct

They are suitable if you are a beginner or just too busy to manage your own rates. There are plenty to choose from - as many as 5 automatic strategies. You can set the average cost per click or conversion, average ROI, weekly budget, or desired number of clicks over the same period.

The principle of operation of the system is quite simple: the search engine algorithm calculates the estimated probability of a click on an ad, and if everything is OK with it, it displays an ad. At the same time, the system also takes into account clicks in search, the Yandex advertising network, and user behavior. If an ad has an exorbitant CTR, the search engine will show it more often.

The traffic forecast is built for each time of day and day of the week separately - this is how natural traffic ups and downs are taken into account. At the same time, Yandex does not look like Vanga - it regularly recalculates indicators based on the effectiveness of your particular campaign, and does not refer to general statistics and some higher knowledge.

Why is a robot good?

The main advantage of automatic strategies in Yandex Direct is frequent bid updates. Up-to-date information is loaded into the interface every 15 minutes, but in fact the data can change much more often. In this sense, the manual mode is not so convenient - no one will be able to monitor the situation 24/7.

Now let's talk about each strategy separately.

Average CPC

Everything is simple here - you tell Yandex how much you are willing to spend on the transition on average, set a weekly rate, lean back in your chair and sit like a gentleman. The robot does everything else by itself: it predicts the probability of a transition and decides what, to whom, when, where and at what rates to show.

Priority key phrases can be specified independently or delegated to the algorithm. In the latter case, the robot adapts in about a week. For priority ads, the system will fight to the last and turn them off only when there is no budget left at all. Additionally, you can specify weekly spending limits. In this case, the system will spend no more than 35% of the budget per day, and the cap rate will not rise above 10% of the total amount. The robot applies the same rules in other strategies.

Such a placement strategy in "" is suitable for those who already know the approximate cost of a click and conversion. For example, if you have a good and old online store that you have been running campaigns on since opening. Analyze the effectiveness of the latter and, if nothing has changed radically since its completion, set approximately the same cost per click, plus or minus 15-30%.

Average CPA

Almost the same, only you indicate the cost of the target action. For everything to work, you need to correctly set up the goals in Yandex Metrica and specify them in Direct. Additionally, the maximum cost per click is indicated so that the robot does not drain the budget for potentially conversion, but unreasonably expensive transitions. Otherwise, everything here is the same as in the previous paragraph, only the “click” is changed to “conversion”.

If you know how much the target action on the site costs and do not want it to exceed some threshold value, choose this strategy. So you can pay only conversion and interested in buying visitors.

Average ROI

If your eyes light up when you hear "ROI", then this Yandex Direct strategy is for you. It helps to optimize conversions and bring the return on investment closer to the desired value: if you need an ROI = 2, enter it when setting up a campaign and Yandex will do everything to achieve it.

Here, too, you need to connect "Metrica" ​​and set goals. The latter must be specified in the campaign settings. Additionally, you can limit the weekly budget and the maximum CPC and specify the cost of goods and services as a percentage of revenue. This will help optimize the campaign strategy and spend money on advertising in Yandex Direct efficiently.

If the algorithm jumps above its head and generates a profitability higher than expected, the money saved can be put back on advertising - this way you will get additional clicks.

The strategy is suitable for those who do not have many goods and services and those who want to monitor the effectiveness of advertising in the format “I want to know how much I got from this”. For example, you provide some service that always costs the same. Or you produce 3 models of transformers. In any case, you will find out how much money Direct brought you specifically and easily decide what to do next with the campaign.

weekly budget

With this strategy, everything is simple: you tell Yandex Direct how much money you are ready to spend in seven days, choose a goal and wait for what will happen. You can get maximum clicks or maximum conversion. In the first case, the algorithm will try to reduce the cost of the transition in order to use the budget as efficiently as possible. In the second case, the emphasis will be on conversions for one or more goals.

The strategy is suitable if you need a lot of transitions. For example, you are launching a promotion and you need to tell everyone about it without spending a lot of money on it. The logic is simple: if the offer is profitable, it will interest even those who have not thought about buying. In the case of conversions, you increase the number of targeted visits.

Weekly click package

It’s even easier here - you tell Yandex “I wish so many clicks”, and he answers “I obey and obey.” The algorithm will try to get the required number of clicks at the lowest cost. Clicks that are too expensive can be filtered out by specifying the maximum cost in the strategy settings. Such a scheme is useful if you need to sell a strictly defined amount of goods or services. For example, you can't ship more than 10 items per week. If the average conversion on the site is 10%, then it makes no sense to attract more than 100 visitors.

• Be sure to customize everything you can. Regardless of which strategy you have chosen in Yandex Direct, set limits on the weekly budget, the maximum cost per click, where possible. If you work according to the model with ROI, indicate the cost of the goods.
• Prioritize phrases. The system will do it itself, but only after a couple of weeks. If you know which ads people click more willingly, inform Yandex about it in advance. So you will spend your budget on advertising in Direct more efficiently.
• Don't expect quick results. It takes time for the system to work out how it works effectively, so the results won't be as good at first. But over time, Yandex will understand what to do and will be able to correct the situation.
• Get your targeting right. This way you will further increase the return on advertising. Set up a campaign for impressions during "hot" times, remove ineffective ads and monitor the dynamics of keyword popularity.

Manual bid management strategy in Yandex Direct

If you are confident in yourself and your experience, you can choose manual bid management. In this case, you yourself determine the conditions and rates for displaying ads. You can enable separate display on search and in YAN - in this case, the rates will be different for each site. Other options: daily budget limit with a choice of standard or distributed display type.

By default, all ads tend to go up to the first place. The specific position depends on the bet you choose. If you offer the most, you are in the top. But if you can’t spend a lot of money, but you really want to be in the block under the search bar, you can fool around.

When you select the “lowest possible position in special placement” option, you specify the maximum cost per click and tell Yandex that you want to get into the top context block at the lowest possible price. If your bid is high enough to qualify for special placement, your ad will move to the third position in the block above the search results. If the bid is not enough, then the ad will get into guaranteed impressions, in > 90% of cases to the first position.

If you choose the “lowest possible position in special placement and guarantee”, the strategy will change slightly. If the maximum cost per click is not enough to break into special placement, the ad will be shown in the lowest position and in the bottom block. This will help you save on everything and spend the minimum amount of money. If you break into the upper block, then you pay the best price for it. If you fall into the “guaranteed impressions”, then do not spend extra money on placements that are not the most converting.

The strategy is suitable for those who have repeatedly launched effective contextual advertising in Yandex Direct. If you set up targeting correctly, you can save a lot in manual mode.

What determines the choice of advertising strategy in Yandex Direct

From your tasks and experience. If you are not confident in your abilities and at the same time want to achieve good campaign optimization, give everything to the search engine algorithm. Yes, it will take time to adapt, but in the end you will get a strategy tailored to your goals and objectives: inexpensive clicks, good ROI or maximum audience reach. If you yourself know everything and know how, manage the rates manually. So the result will appear faster, but you also need to carefully control the course of the campaign. If the situation suddenly changes, you will be left without customers and without money.

Greetings dear reader! , perhaps the most crucial moment in a trader's career. Today we will talk about how to choose a trading strategy that is right for you.Much depends on this choice. The system will have to be studied and tested for operability for a long time. In the end, it will have to be traded at least for a while. Therefore, first of all, it is necessary to choose a strategy that did not strain the trader, but was as comfortable and understandable as possible. Today we will deal with the selection of such a strategy.

The choice is huge! And every second it gets bigger and bigger. In order not to drown in an abundance of trading strategies, trying, you need to understand what you need.

We select the "right" broker!

I note right away that when choosing one or another trading strategy, you need to take into account that not all brokers have the same attitude to various trading methods. Someone forbids opening 10 transactions at the same time, someone cannot close transactions for less than a specified time period. In order not to narrow the search on the technical side of the issue, I suggest using trusted brokers. For example, my favorite broker is . There are no such restrictions in this campaign, and when choosing a trading strategy, you don’t have to worry that trading with it will be prohibited.

Working trading strategies.

I'll tell you a little secret. 99% of trading strategies are profitable! Those. the algorithm that is embedded in them is profitable. Now choosing a trading strategy do you find it easier? 🙂 Take your time. The truth of life is that this algorithm stops working as soon as it falls into the hands of a person. Paradox! After all, the algorithms themselves are invented by people. Why do they stop working? The answer lies in the complex nature of man. In his psychophysical features. I will not go into details now, I will only say that the trader himself breaks the strategy algorithm and turns it from profitable to unprofitable. Of course, this is not intentional. A trader on an unconscious level, and often consciously, performs such actions that inevitably lead to the loss of funds. But, I will talk about this in more detail in another article.

Choose such trading strategies so that trading on them is comfortable!

Now I propose to discuss the reason for the occurrence of such actions. One of the most common factors that push a trader to make mistakes is trading discomfort. The trading system itself and through which he trades are most often responsible for the comfortable and calm behavior of a trader. If the strategy is incorrectly chosen, then a feeling of some inconvenience, a little stress constantly accompanies the trader. Of course, this greatly interferes with trade. The trader quickly gets tired, becomes irritated and impulsive. And, as you know, in trading you need to be very calm. React to the situation quickly, but without fuss. Nervousness here, of course, is no help. And she plays her insidious role. The trader starts making various mistakes and may lose the deposit.

I think that I conveyed to you the idea that trading should not bring discomfort. Now about that how to choose a trading strategy so that it suits you. To do this, you do not need to check hundreds of strategies for performance and choose the right one among them. It is enough to try to work with several strategies of different types. Then a lot will become known about what style of trading you prefer.

Types of trading strategies.

The most common division of strategies according to comfort is the activity of trading. There are short-term, medium-term, long-term and combined types of strategies.

Now about each a couple of words for clarity.

Short term trading.

This is the style of trading when within one to two days. It is also called intraday trading. As a rule, charts are used here, which consist of bars up to 1 hour. Scalping also belongs to the category of short-term trading. This trading strategy is very often chosen by beginners because of its apparent simplicity. Although in terms of comfort, it is in the very last place. Even many Forex market professionals cannot earn even a penny on it. All because of the increased voltage level. With scalping, the average lifespan of a trade is 1-2 minutes. The trader locks in any profit that becomes available. As a result, hundreds of open and closed trades per day. Calasal tension! But there are also traders who like this style of trading. They have been receiving for several years. Once again I will repeat. This style of trading is far from for everyone! Units manage to trade profitably here.

Medium term trading.

It is conducted, as a rule, on charts from an hour. This strategy is more relaxed. Here, the life of the transaction increases to several days, but may be reduced in some cases to one day. I would advise beginners to choose this type of trading strategies. Trade is usually soft, measured, allowing you to think about every step. But, at the same time, it is also dynamic enough to feel the taste of trading. Feel all the pros and cons of the strategy. In general, this type of trade is the most common. Trading strategies of this type are chosen by most traders. Both beginners and professionals.

Long term strategy.

Sometimes transactions last for years. More suitable for large market players (various funds and banks). This requires significant investment.

Mixed type.

When there are transactions of different types in the trade. Sometimes they close immediately, often they last for weeks. It already depends more on the trading strategy. But there are also enough adherents of this style of trading.

Finally…

It doesn't matter which strategy you choose. It doesn't matter if you are an intraday trader or a long-term trader. The main thing is that trading is convenient. Do not chase profit, especially at first. Get a feel for your strategy. Get used to it. Enjoy the process of trading. In short, get high! For trading in the market is a thrill! When you make a profit, you feel that you are on a wave. You are smarter than a good half of the traders who lost money when you made it. But in everything you need to know the measure. You should not choose strategies in which transactions need to be opened once a year, and rest the rest of the time. That won't work. Achieve comfort in regular trading, but do not forget to rest)). In general, what am I telling you? Start trading and you will feel everything for yourself)).

The main thing is not to stand still!

Work more. Sharpen your craft skills. And soon many operations will be brought to automatism. And trading will become a routine. Kidding)). Believe me, the routine is still very far away. And it's great! It's great to feel the taste of victory! The main thing is not to get carried away. Remember that in trading it is important to maintain balance and calmness. From each previous transaction, only experience should pass into a new one. No worries, positive or negative! Absolutely no emotion from the previous deal. I think this is understandable.

If you have mastered all this text, then you - well done. In fact, this information is taken from my own experience. All this is not just water. This is what every trader goes through. Many people know that they need to pay attention to their psychological characteristics when choosing a trading strategy, but they do not apply this knowledge. Almost everyone is drawn to big profits, leaving personal comfort behind. I know. I myself was like that and have not yet completely corrected myself. 🙂 Do not repeat our mistakes! Choose a strategy to your liking, not according to profitability indicators. If the strategy really suits you, believe me, you will earn on it. You will earn much more than you could earn on " ».

That's all. Look for strategies. Test. And trade! Trade! What else forgot to say. 🙂 Don't get hung up on finding the "best strategy". If you feel that trading activity suits you. The method of making transactions and the principles of trading are clear and close to you, so this is yours. If you understand what type of strategy suits you, consider that the job is done! In one segment, all strategies are approximately the same. Every day I come up with them in batches. And each seems more attractive than the previous one. There are many people who hardly ever trade. They only test and select more profitable trading strategies. But every time a new, more profitable strategy appears on the horizon. And everything starts again. Tests, runs, etc. So I want to say to them: guys! stop testing, it's time to earn money! But, do not shout to everyone. In general, do not make this mistake either 🙂. Choose something and work.

Now absolutely everything! Thank you for your attention! I probably would not have mastered this 🙂. Good luck to you! Find your strategy!

Read on our website

First of all, I would like to speculate whether it is necessary to draw up any plans, strategies at all? Maybe it's easier to trade, what is called "from the lantern"? I wanted to open a position, opened it, it went in your direction, you are waiting for a profit, no, it means you closed on a stop.

Why do many successful traders advise you to develop your strategy?

Yes, everything is simple, the fact is that if you open without adhering to any rules, in a week you will not be able to answer why this or that transaction was made. It's good if all your trades make a profit (I think only super lucky people can do this), but what if your trades bring a loss? What to do?

We need to analyze, understand what is going wrong. And what can be analyzed if transactions were opened without a system or, in other words, chaotically. There is no need to talk about any analysis, therefore, before starting trading, it is vital for every trader develop a trading system and stick to it.

Trading system (strategy)- this is a set of certain rules by which a trader analyzes, calculates a position and makes transactions. A trading strategy must take into account all possible nuances.

It does not matter at all whether a working strategy is used or not. At the initial stage, the main thing is a systematic approach. In the future, you will be able to correct, twist, correct those places that are most vulnerable and that do not allow you to earn.

A rigorous approach to developing a trading strategy

But there are also historical developments, what traders used when they made trading strategies for themselves. No need to reinvent the wheel 100 times, take what has already been invented and add your seasoning. Otherwise, you will have to rewrite history and make mistakes already made by the older generation (check out the most common mistakes of a novice trader).

To begin with, a trader must figure out which trading style suits him at the moment.

More experienced traders, I hope they understand why I'm talking about " this moment". A beginner cannot say with absolute certainty that my path is intraday trading, or scalping. Whether you like it or not, you will have to try everything. But in the first couple, you can read about each type of trading, and choose what suits you best at the moment your psychological state.

1. Choose a working timeframe

There are two trading styles: long-term and short-term trading. Many traders will argue with this, they say: " where is scalping, intraday trading, traders investors". I won't argue, everyone has their own ideas, but for me it is the two styles that are the main ones, everything else is, as it were, subcategories.

Long term trading strategies

This type of trading is designed to hold a position for a week or more. This category includes investors who look at the market not in order to make a profit immediately, but just with an eye to the future. Since there is no holding limit for a long-term investor, he, like an investor, is able to hold a position for a very, very long time until it is time to take profits.

Short-term (day) trading strategies

This type of trading implies faster work. The short-term trader analyzes smaller fluctuations and tries to make money on the daily interval. This style includes scalpers who open and close more than 50 or even 100 orders per day, or day traders who try to catch intraday movements.

But I don’t advise you to get hung up on choosing a style, it doesn’t matter at all what style others attribute you to. You can open a deal at 5 minutes, and now you are already a scalper, held the position until the end of the day, and now you are already a day trader, you see no reason to close the next day, and now you are already a long-term trader.

So, choose based on free time. There is time to sit and trade within the day, use smaller timeframes for analysis, there is no time, your intervals are D1, W1 and a month.

2. Choice of analysis method

At the next stage, the trader must decide what exactly will be used for market analysis (indicators, trend lines, support / resistance levels, fundamental analysis).

Suppose the choice fell on the support / resistance levels (you can use what you like). Let's look at an example of how a trader should act.

First of all, you need to find a certain pattern, from where the price rebounds with a high probability (Fig. 1).

Suppose you see constant bounces from round numbers (1.100, 1.150, 1.200). Run through history and see how the price worked out these levels earlier, if round numbers really give a constant price rebound, analyze how to enter a deal, with a pending order or open on the market.

Rice. 1. The level from which the price constantly bounces.

Figure 1 shows the support level for the GBPUSD currency pair. It can be seen that the price hit the level of 1.5650 several times and never fixed below. For ourselves, we must note that this level is strong and you can try to go long (buy).

Where is it better to put a stop loss (Fig. 2)?

Rice. 2. Installing Stop Loss.

After the support level is found, pay attention to the tails (shadows of the candles). The level was tested about 5 times, and the tails stopped at about the same level. We note for ourselves that if we are right and the pair really goes long, then with a high probability, the price should not be lowered below the tails, which means that an ideal level for Stop Loss has been found.

Where to set take profit (Fig. 3)?

Rice. 3. Choose a place for Take Profit`a.

Take profit can be approached with imagination. There are two levels, one is around 1.5670, the second is 1.5690 (I think it's clear why these levels are marked). When buying from a support level, it is quite normal if we close part of the position near the first target, and leave the rest until target number 2.

On this, the identification of patterns is completed. If you do not have enough ideas to identify patterns, you can use our best practices by going to the section Trading strategies for making money.

Important!! The above example can be used as a basis for entering a position.

3. Money management

The next step is to figure out how much to enter the deal.

This is not difficult to do, I often write about this on the pages of my site, but just in case I repeat.

You must commit to an acceptable risk per trade. Very often they write about 2-5% of the deposit, we will stick to these figures.

What does it mean? For example, your deposit is $10,000, 2-5% will be $200 - $500. That is, in one particular trade, it is allowed to risk $200 - $500.

It remains to calculate what lot you can enter, depending on the set stop. To do this, read the article Leverage in the Forex market, which describes in detail the calculation procedure.

Do not forget that the ratio of stop loss to take profit should exceed 1 to 2. In the example above, it is clearly seen that the set stop is slightly more than 10 pp, the take even to the first target exceeds 20 pp. In this case, the ratio is 1 to 2, and this is normal, as there is further potential for growth.

4. We take into account all possible nuances

Develop a profitable trading strategy (system) it is not only to determine the places of entry and exit with the desired density. The trader must take into account absolutely everything:

• what instruments to trade;
• whether to trade on the news or not;
• what volume to trade;
• how to enter a trade;
• how to exit a trade.

Be sure to consider your work schedule. When trading on the round-the-clock Forex market, it is very difficult to catch the line between what time to start trading and what time to finish. It is impossible to always trade, the body must rest, and your relatives also need your attention.

Very often, traders do not take into account such things as:

• what to do if the internet is turned off?
• what to do if the trading terminal does not work?
• how much percentage of earnings to withdraw?
• which terminal to use for trading?
• and much more.

5. Trade on a demo account

It is foolish to rush into battle right away. First, try out the developed strategy on a demo account. Checking the strategy on history is very good, but still in real time, so to speak online, 100% some flaws will appear.

Do not play too much, your goal is only to test the expectations of the trading strategy. If everything goes well and the system works, switch to a real account. Otherwise, correct non-working points and check again.

6. Switch to a real account

If everything goes according to plan and your strategy brings positive results after running on a demo account, you can try real money.

And again a word of caution, use the smallest lots on the first pair. When trading for real money, like it or not, emotions are turned on, which in one way or another can interfere with adequate transactions.

Take your time, trade the minimum lot, you will always have time to earn your money, the market was yesterday, is today and will be tomorrow. During testing, try to exclude the emotional component and evaluate the real chances of the strategy to win.

7. The role of the trade diary in a trading strategy

And the last. Create a trading system (strategy) without a diary of transactions, just not realistic. You are required to record all your transactions in great detail. In the best case, in addition to writing dry numbers (I bought at such and such a price, I sold it at such and such), most of all you need to know your emotional condition at the time of making and holding a position.

Mark in great detail, in the future, only your notes will help to understand what was done correctly and what was not. Only a trading diary will help you tighten the right screws and make your trading strategy profitable.

Conclusion

This article details about developing a trading strategy. The hardest part of trading is not finding patterns or getting the lot size right, but sticking to your own records.

I am familiar with a very large number of traders who have unique trading systems, they are logical and, when run through history, bring good profits. But unfortunately, they cannot make money on them just because they themselves violate the prescribed rules.

I hope this article will help you create a trading strategy (system), but the rest depends on you and your analytical skills.

Remember, trading, analysis, analysis of transactions - it's only 10% success, the remaining 90% is psychology, faith in yourself and in your abilities. Good luck and see you!!!

What are the most profitable forex strategies? What trading system in the Forex market should a beginner choose? What is the secret of successful trading by professional Forex traders?

Hello dear friends! Alexander Berezhnov is with you.

This article is about trading strategies in the Forex currency market. I myself have been trading on FOREX for more than 3 years and in practice I have seen how important it is to follow a well-defined strategy.

This article will help you understand the huge number of strategies that are now full of the Internet. I will describe the most popular of them and help you choose the best one, taking into account your individual personality type.

Are you ready for successful trading? Then let's go!

1. What are forex strategies and why are they needed

Imagine that you are entering a dark and unfamiliar room. If you do not turn on the light, you can stumble on objects, fall, hit or break something. If you turn on the light, you can safely go around all the objects and get to the right place.

Forex strategy in this context is light. By applying it, we illuminate and "see" the market, predicting its movement.

Without a strategy, we are in complete darkness, making mistakes, losing money and not seeing the way forward. Now think about what is more profitable: to stay in the dark or turn on the light? What is a strategy?

Strategy- this is a developed system of rules that a trader who wants to increase his money in the foreign exchange market must strictly follow.

It allows you to confidently enter and exit the transaction, and not randomly open and close, ultimately losing all the capital on the deposit.

The strategy is like a traffic light: you always know that on green you open a trade, on yellow you are waiting, and on red you are out of the market without even considering entry opportunities.

Believe me, having a decent real deposit, the most difficult thing is to open a deal. The strategy immediately relieves you of these heavy thoughts: you simply enter the market when you see a certain situation (signals). But what are the rules to open?

The rules for opening deals can be as follows:

• intersection of indicators set on the chart;
• achievement by the price of certain levels;
• candle shape or candle combination;
• formation of familiar patterns (figures) by a graph and much more.

You can follow someone else's Forex strategy, you can combine them with each other, you can develop your own, based on many others. The main thing is its presence.

Testing of a trading strategy in the foreign exchange market is carried out exclusively on a demo account. Test period: at least six months.

If in six months the strategy shows results that suit you, you can use it on a real account.

Now some thoughts. If you do not have a strategy, then the number of losing and profitable trades should be equal, right? But in practice, it turns out that unsystematic trading catastrophically quickly leads to zeroing the account.

Paradox

If you purposefully try to drain the deposit, then you will not succeed much: it will decrease extremely slowly. But why is this happening?

The secret is simple: fixing small profits and large losses; buy where you need to sell and sell where you need to buy.

What is the conclusion? Profit trading should be as easy as draining - you just have to follow the rules. If you are not yet experienced enough, then do not rush. Before you go directly to the strategies, check out the article.

Searching for entry into the market according to specific rules is simple, but for some reason 90% of traders neglect to follow their strategy, leaving the market forever and losing the opportunity to be successful. I hope you want to be in the top 10% of successful traders? - then let's move on.

2. What determines the choice of Forex strategy - 3 main criteria

So, you are aiming to apply the strategy. But even profitable Forex strategies exist in abundance. How to choose the right one for you?

Imagine that you need to buy a TV. You know what it is and what you want. Where will you go shopping? That's right, a store that sells consumer electronics.

But, having come to the store, you will find many models of TVs. Your job is to choose.

The TV you choose will be no worse than other models left in the store. It will just be the TV with which you are most comfortable.

Do you think the Forex market is different? No, everything is exactly the same as in the TV example. We know that we need the most profitable Forex strategy, and now our task is to make a choice from the proposed options. And this choice will be no worse. It will just be the strategy that interests you.

You just don’t need to buy it - I have already prepared for you the most effective of them in this article.

There are only three criteria for selecting Forex strategies:

1. Duration of holding open positions.
2. Approach to market analysis.
3. A way to analyze graphs.

Now more about each.

Criterion 1. Duration of holding open positions

Someone likes a marathon, and someone likes a sprint. It's the same with strategies.

In accordance with this criterion, the following are distinguished:

• short-term;
• medium-term;
• long-term.

Below I will talk about each type of strategy in more detail.:

1. Short term. Suitable for experienced traders. Aggressive trading is assumed: about 100 transactions can be opened per day. This also includes scalping and intraday.
   • scalping- suitable for traders with small capital. An open position can be held from 5 seconds to half an hour. Up to 200 trades can be opened per day. But more doesn't mean better. Among traders, scalping is considered one of the most difficult approaches to trading. Forex scalping strategies are used regardless of the price direction (short or long).
   • Intraday (intraday) This is intraday trading. The transaction opens and closes during the day. Such strategies are simple, understandable, suitable for all traders. Several trades can be opened per day for various currency pairs. Typically, this approach opens from 2 to 5 trades.
2. Medium-term. It will not do without knowledge of technical analysis. An open position can be held from 1 to 45 days.
3. Long-term. Such Forex strategies are suitable for both beginners and experienced traders. An open position is held for up to a couple of months, which allows you to monitor the market in a calm mode and not worry about the current state of an open transaction. You do not need to sit at the monitor all the time, it is enough to open the chart once a day. With a correct forecast, the profit is significant (up to several thousand points).

Criterion 2. Approach to market analysis (fundamental and technical)

To predict the direction of the price with the highest probability, you need to know about fundamental and technical analysis. Someone naively believes that only one kind of analysis can be mastered. Unfortunately, the market does not tolerate amateurism. Do you want profit? Comprehend everything.

Fundamental analysis is a forecast of price behavior based on news and the general economic situation in the world.

Why analyze the news? It is the release of some important news that can lead to a sharp change in trend and a price reversal, for which you may not be ready.

According to their importance, news is divided into 3 types:

• insignificant;
• important;
• most important.

The basic rule of experienced traders is not to trade when important news comes out! Why? Yes, because your stop orders (stop loss and take profit) are almost 100% likely to work. The best way out is to close the position before the news release.

Technical analysis is an approach to market analysis through price chart analysis.

Such a forecast is made on the basis of the market movement in the past. The analysis tools are indicators, the price chart itself and its elements: candlestick patterns (bars).

Technical analysis is well suited for short-term trading in a non-aggressive market.

Criterion 3. Chart analysis method (curly, indicator, candlestick)

Technical analysis comes down to three main methods of forecasting:

1. By figures.
2. By indicators.
3. By candlelight.

Figure analysis involves the visual detection of a figure (pattern) on the price chart and a clear knowledge of where the price will go next. The direction of the price is determined by the exact rules that the trader needs to know.

In total, there are two groups of established graphical models (patterns): price reversal patterns and continuation patterns of the current trend.

Reversal patterns include:

• triple base;
• double base;
• double top;
• double base;
• head and shoulders;
• inverted head and shoulders;
• diamond.

Trend continuation patterns include:

• rectangle;
• pennant;
• flag;
• wedge;
• triangle.

Example. You have found a double top on the chart. This means that the price tried to break through the level twice, but failed. All you have to do is look for a sell entry point.

Indicator analysis involves the installation of various technical indicators on the chart, which will give signals to buy or sell. An abundance of indicators may not bring profit, so you need to choose a few that are suitable and understandable for you.

Experienced traders usually use no more than 2-3 indicators at the same time.

There are two groups of indicators:

• oscillators;
• trendy.

Oscillators usually indicate a possible trend reversal and work great in a flat*.

Flat (flat)(from the word "flat") - this is a situation on the market when the price is in the corridor and does not have a pronounced direction.

Trend indicators "follow" the trend and work great when it is present in the market.

But even the most famous and accurate market indicators are not a golden grail.

Remember two important rules:

1. You will get the maximum profit when several indicators give you the same signals.
2. No technical indicator can take into account the behavior of the market when important news is released!

Example

The Stochastic Oscillator is in the oversold zone. This means that it is impossible to sell more, we are only considering the option of buying.

Candlestick analysis involves the study of all familiar combinations of Japanese candlesticks in order to determine a change in trend or its continuation. Perhaps candlestick analysis is the simplest and most understandable.

Japanese candlesticks are a display of a chart in the form of rectangles, the body of which is colored in different colors depending on the type of candle. If the candle is dark, then the open price is higher than the close price. If the candle is not colored, then the open price is lower than the close price.

Candlestick patterns can be used to predict the continuation or reversal of a trend. See the picture below for an example.

There are bullish candles (their closing price is higher than the opening price) and bearish candles (the closing price is lower than the opening price).

Looking at the Japanese candle, you can immediately determine the mood in the market: in a given period of time (timeframe), buyers or sellers prevail.

It is convenient to trade using Japanese candlesticks - it is worth finding only a familiar combination.

for example

We see a "Shooting Star" candle with a very small body, a long upper shadow and a small lower shadow. This candle immediately tells us what to sell.

Simple, isn't it?

3. How to choose YOUR strategy - 3 easy steps

I will say right away: the best Forex strategy is the one that suits you.

I have been looking for my forex strategy for about a year. At first, I trained to trade on simple and understandable strategies, gradually adding something of my own to them. That's how my strategy came about.

Just choose and combine the ones that already work.

To choose your strategy, you will need:

• determine your psychological type;
• realistically assess your professional level;
• set how much time you will devote to trading.

Now about each point in more detail.

Step 1. Determine your psychotype (comparison table)

So let's find out who you are?

№	Psychotype	Market behavior	Optimal Strategies
1	sanguine	He wants to earn money and puts all his efforts into it. Consistent in trading, not upset by losses	For the sanguine, risk-reward-weighted strategies are suitable
2	Choleric	Wants to make quick money, cannot open long-term positions, is in a hurry. Can quickly drain the deposit due to his haste and carelessness	Trading on short time frames is not recommended, it is better to choose medium-term interday trading on H1-H4 intervals
3	Phlegmatic person	The most successful in Forex. Knows how to wait, makes informed decisions, always calm	Since the phlegmatic person treats trading with all responsibility, this psychotype has no restrictions on choosing the right strategy
4	melancholic	Too inconsistent, too cautious, makes chaotic decisions	Strategies with short stop losses and take profits are recommended

Let's move on to the next step.

Step 2. Assess your professional level

It is clear that one cannot do without reading several books. Trading without any Forex knowledge is simply useless!

• Nassim Taleb - Black Swan.
• Edwin Lefebvre - Memoirs of a Stock Operator.
• Eriy Naiman - Small trader's encyclopedia.
• Alexander Elder - "Trading with Dr. Elder".

These Forex books will help you understand the essence of the stock market game, risks and profitable strategies.

Step 3. Decide how much time you can devote to trading

Forex trading is available to everyone: from housewives to businessmen. It is possible to earn money by devoting at least 1 minute a day, at least the whole day. There are no time limits.

For more productive and successful trading, arrange yourself a “day without trading”. This means that on this day you do not remember about Forex at all, do not read thematic forums, books, do not communicate with friends about exchanges.

4. The best Forex strategies (FOREX) - an overview of the TOP-15 most profitable

So we got to the most long-awaited and "delicious" section. Here we will consider directly the strategies themselves with a detailed and understandable description of them.

Simple Strategies for Beginner Traders

These trading strategies are suitable for short-term and intraday trading.

Strategy 1. Moving averages

This Forex strategy is suitable for any currency pairs. We will work on 2 timeframes:

• Weekly (W1).
• Four hours (H4).

A weekly chart is needed to determine the trend, and a four-hour chart is needed to open positions and find entry points.

We set two moving averages on W1: exponential (EMA) and simple (SMA). We take EMA with a period of 21, SMA with a period of 5. If the price chart is above two moving averages, then the trend is up, and vice versa.

On H4, we set two simple moving averages with a period of 55 and 7.

Rules. If we observe a downtrend on W1, then on H4 we consider only sales, and ignore purchases.

There are two options for entering the market:

1. First option. When the lines cross from top to bottom, place a pending order to buy exactly at the level of the moving average with a period of 55. If the level has moved, we also move the pending order. We wait until the price opens it. Stop losses are set at previous local extremums (minimums and maximums).
2. Second option. We wait until the averages cross from below upwards, and the candlestick closes above this intersection point. Now we open an order to buy by market. Stop losses are set as in the previous version.

How to set take profit? Pull from the moving average with a period of 55 Fibonacci levels. In the settings, set only the following levels: 144, 233, 377, -144, -233, -377.

If we saw a buy signal, we open three deals (the lot is the same for everyone). Profit will be located respectively on all these three Fibonacci lines. Do not forget to transfer the deal to breakeven (drag stop-loss).

Strategy 2. Three candles

This trading strategy is suitable for scalping. Trading timeframe - M1. Any currency pair will do.

Rules. We are waiting for the formation of two candles going in the same direction. It is better that they are without long shadows. After the appearance of the third, we open. As an additional entry signal, we use the Stochastic Oscillator (Stochastic).

For example, if three candles go up, and the indicator indicates a downtrend, then the trade is not made. A signal to buy will be when the Stochastic is in the oversold zone.

Strategy 3. London session

This is perhaps the simplest Forex strategy. Trading timeframe - M30. Trading time is the London session, which starts at 10 am Moscow time. Best suited for a pair that contains GBP. For example, for the popular currency pair GBP/CHF (British Pound/Swiss Franc).

Rules. Entrance to the market is daily, but one-time. The signal to open in one direction or another will be the closed first candle. At its maximum, we place a pending order to buy, and at its minimum - to sell.

Stop loss is placed at the high or low of the same candle, depending on which order is opened: to buy or to sell. After opening an order and passing the price of 15 points, we set breakeven.

The second pending order is not deleted. If the price reverses, then you still earn. In this strategy, you will either be in the black or go to zero. Thus, this Forex strategy is breakeven.

If important news comes out on this day, we do not trade!

Scalping strategies for short-term and intraday trading

Scalping involves big profits in a very short period of time. There are also very big risks associated with it. If you are sure that you do not want to wait, but want to earn money now, then this way of trading is for you.

The technique is very simple and yet effective. Marat conducts daily market reviews, they can be found on the broker's website in the "Education" section.

Strategy 4. Simple

For those who like to take risks, the 1 minute scalping strategy will be to their liking. To work, we take a pair of GBP / JPY and set the indicator on the price chart Bollinger Bands(Bollinger Bands) with parameters:

• period 50, Deviation 2 (red line).
• period 50, deviation 3 (orange line).
• period 50, deviation 4 (yellow line).

Rules. The optimal trading time is between the opening of the London session and the end of the Japanese session. It is also impossible to trade on the flat market and during news releases.

Consider buying. We open at the moment when the price is between the orange and red bottom lines. Stop loss is set depending on your personal percentage of losses in one transaction. Usually it is no more than 3%.

The sale is carried out in a similar way, if there is a mirror situation.

Strategy 5. Quick profit

"Quick Profit" allows you to apply Forex scalping effectively, while remaining a simple strategy. Suitable for any currency pair.

We will work on the minute timeframe, setting exponential moving averages (EMA), Parabolic SAR and MACD for analysis. We take EMA with periods of 25, 50 and 100. We take the other two indicators with standard parameters.

Rules. The best time to collect profits is the opening of trading in London and New York. We open a deal to buy or sell when the price crosses all EMAs. The filters will be Parabolic SAR and MACD.

If the price is going to cross all EMAs from the bottom up, the Parabolic SAR is below the price, and the MACD histogram is moving up, then this is a sure sign of buying.

Take profit will be no more than 10 points, as the price may turn in the opposite direction. As soon as the price has moved away from the opened transaction, transfer it to breakeven. Place your stop loss at previous local lows or highs.

Strategy 6. Outside

In order for the "Outsiding" trading strategy to work with a high probability of success, you must clearly follow all the points of the rules.

We work on M15 with the GBP/USD currency pair. You can try it on other instruments as well. Set the EMA on the chart with a period of 9.

Rules. We consider only those candles that do not touch the moving average. An ideal candlestick is one whose minimum or maximum is located approximately 1 point from the indicator.

If we are considering buying, then the closing price of our signal candle should be higher than the previous high. Stop loss is placed below the low of the previous candle. Profit is set by the number of points of the previous candle. If the price went up sharply by 20 points, it is better to put breakeven.

Trend Strategies Regardless of Price Direction

This group of strategies is aimed at detecting a trend and trading in its direction. They are not suitable for calm and lateral movement. But here it is possible to make a good profit.

Strategy 7. Juicer

This Forex strategy is suitable for the D1 interval. Currency pairs can be any.

Rules. Consider the conditions for opening a buy. On the daily chart, we are looking for a combination of a candlestick with a black body (bearish candlestick), followed by two white candlesticks in a row.

Important!

The close of the second candle should be higher than the high of the previous white candle. If this condition is not met, we wait for the next signal.

We set a pending order to buy 5 points from the high of the second white candle. Stop loss is placed below the low of the same candle. It must be at least 45 points, but not more than 80 points. Take profit set at 500 pips.

If after 4 days the deal is in positive territory, we set breakeven. If the deal is in the red, we close it on the market.

When you already have 200 pips of profit, place a trailing stop in 50 pips increments of 200 pips.

Strategy 8. Channels and envelopes

With this Forex trading strategy, we will work on H1 with the EUR/USD currency pair. You will need two indicators: Envelopes and BollingerBands.

Envelopes parameters: Period - 288; Shift - 1; Method MA-Exp; Apply to - Close; Deviation - 0.15%.

BollingerBands parameters: Period - 24; Shift - 0; Deviations - 2; Apply to - Close.

Rules. Consider the conditions for opening a buy. We are waiting for the candlestick to cross the blue Envelopes line and close above it.

We open a buy position at the beginning of a new hour. Stop loss is placed on the lower red line. Stop loss should not exceed 50 pips!

When the price passes 40 points into the profit zone, we transfer the deal to breakeven. To get the maximum profit, pull up your breakeven along the bottom line of BollingerBands.

Strategy 9. Precise Entry

This trading strategy is used by professional traders because it gives good signals and profits. The currency pair for trading can be any.

Signals will be searched for on two timeframes: H1 and M15. Let's set PivotWeekly, ParabolicSAR (step - 0.02, maximum - 0.2) and three EMAs with periods of 7, 14, 21 on the chart. We put moving averages on M15 to search for a more accurate entry.

Rules. Consider an example of a purchase. Open the hourly chart and look at Pivot levels. We are waiting for the price to approach a certain level and rebound from it.

There should be no more than 1-2 candles! When a candlestick or two candlesticks rebounded and closed below the level, go to the M15 chart.

We are waiting for the fastest moving average with a period of 7 to cross the other two moving averages from bottom to top. Now we enter the market.

Stop-loss is set at the nearest minimum, and we will not set take-profit. It is better to close deals at the next Pivot reversal level. When the price goes into profit, you can move the stop loss to breakeven, and then move it down every hour.

Breakout strategies without indicators

Indicatorless Forex trading strategies are the easiest to understand and trade. They take into account the important support and resistance levels that the price tends to and from which the price bounces.

Strategy 10. Sniper

Forex strategy "Sniper" is based on working with levels. Working timeframe - M5 or M15. You can trade any currency pair.

Rules. An order is opened only when the level is rebounded or broken. 20 minutes before the release of important news, new orders are not opened. You can't score more than 40 points in one day. If 40 points have already been collected, trading stops.

There are three login options:

1. We open after a breakdown, fixing the price at an impulse level or a rollback.
2. We open after a false breakout, when there is a rollback to the impulse level.
3. We open when the price exits the trading channel.

The entrance is carried out by two orders of equal lots. The first order has a take profit of 15 pips. For the second order, take profit is set at the nearest total impulse level. Simply put, it is a support or resistance level.

When 15 points are taken, one order is closed. On the second order, you can set breakeven.

Strategy 11. It couldn't be easier

This Forex trading strategy is for daily charts. The most suitable currency pairs: GBP/USD, USD/CHF, NZD/USD, AUD/USD, USD/JPY, EUR/USD, USD/CAD.

Rules. Consider an example for a purchase. We are looking for a certain candle on the daily chart: it should form a local maximum, have a long tail on top and a small body of any color.

We draw a horizontal line along the maximum of the candle. Next, we expect when any subsequent candle breaks this horizontal line by more than 10 points and closes above our line. We put a pending order 5 points higher from the maximum of the formed suitable candle for us.

Take profit is 100 pips and stop loss is 50.

If 3 days have passed since the opening, and the price has not reached the target, we transfer the transaction to breakeven.

When the movement is clearly lateral, you cannot look for entry points!

Strategy 12. Ingenious

Forex strategy "Brilliant" works on GBP/USD.

Rules. Open the daily chart and look at the number of points that the price has passed. If this is 140 points in one direction, then this is already a signal to open a position soon. This one-way traffic happens about 7 times a month.

Stop loss is set at 60 pips from the entry. Exit the market at 100 pips or at 11:30 (GMT) the next day. To be sure, set the minimum trailing stop at 50 pips.

Strategies based on figures and candlestick analysis

Figures and candlesticks are Forex classics. They are easy to find on the chart and it is easy to determine in which direction the price will move. By accurately determining the desired pattern, you are very likely to get your profit.

Strategy 13. Pattern D

This Forex trading strategy is stable and classic, based on the Double Top and Double Bottom pattern. We work on the H4 timeframe with the EUR/USD currency pair. For help, we will use the SMA, EMA and MACD indicators.

• Parameters for MACD: LowEMA=13, FastEMA=5.
• Parameters for SMA: period 89.
• Parameters for EMA: 365, 21, 7.

Rules. Consider buying. To form a signal, you need to find two minima. The second minimum should be slightly higher than the first. Both peaks must be below the level - 0.0045 on the MACD histogram. The stop loss is 10 pips below the second low.

We divide your usual lot that you trade into 3 transactions. For the first 30% of the position of the total lot, take profit is fixed above the 21-period EMA line.

For the second 50% of the position of the total lot, the take profit is located between the price reaching 89 and the 365-period EMA. The third 20% position of the total lot is closed when there is a strong resistance level nearby.

Strategy 14. Profitable wedge

This intraday strategy is simple. It can be used on any timeframe and traded with any currency pair.

Rules. First, we build important support and resistance lines. Now you can look for the “Wedge” pattern on the chart. But this pattern may indicate both a continuation and a price reversal.

Consider an example for a purchase. After finding the Wedge, place a stop loss 20 pips below the lowest side. Take profit is set equal to double the distance between the sides of the Wedge.

We exit the transaction when reversal combinations of candles appear, if the price has not reached the take profit.

Strategy 15. Key reversal

This is yet another Forex intraday trading strategy showing amazing profit results. The work will be carried out on H4, and we will take the GBP/USD currency pair. To filter false signals, we will additionally set the Stochastic indicator. The parameters are as follows: 14, 3, 3.

Rules. Rules for opening a buy deal. Looking for a downtrend. We are interested in a candle that forms a local minimum and has a closing price higher than the closing price of the previous candle. We look at the Stochastic: it should be in the oversold zone, that is, below level 20. The signal line of the indicator is below the main line, or touches it (merges).

We open a buy on the next candle, and set the stop loss below the local minimum. Take profit is twice the stop loss. When the price has gone into profit for a distance equal to the stop loss, we set breakeven + another 10 points.

If the transaction fluctuates around zero for three days or is at a loss, then it should be closed by the market.

5. What trading systems do successful traders use?

Now I would like to talk about successful traders and some of their "trading secrets".

№	Trader	Strategy
1	George Soros	Getting insider information, speculative rumors, intuition. He likes to sell assets, because he definitely feels the beginning of the crisis
2	Ingeborg Mootz	Works only with bank shares. Decision making is based on intuition. The main rule is to hold shares for more than a year, but no more than two years
3	Richard Dennis	Made a fortune in the market with only $400 trading futures. Claims that everyone can earn, since it is possible to train anyone
4	Larry Williams	Futures King. Made a fortune on the analysis of bars without indicators. Its main principle is to cut losses and increase profits
5	Warren Buffett	Founder of Forex trust management, as he was a long-term investor. The most successful deal that brought him billions was investing in the insurance business
6	Paul Tudor Jones	He successfully uses pivot points in trading, and considers trading with the trend unprofitable. Surprisingly, his ratio of losing trades to winning trades is 75% versus 15%, which did not prevent him from earning billions. He believes that the success of a trader depends on the competent management of his risks.
7	George Lane	I traded with the help of my created indicator - Stochastic. The most profitable signal throughout his 60 years of trading was a divergence around the 20 and 80 levels.
8	Stephen Cohen	Short-term trader who made up to 300 trades a day without reading economic news at all
9	Ed Seykota	Fully automated trading. In 15 years, he managed to turn $5,000 into $15 million in one account.

Also, stock trading and investment gurus (George Soros, Alexander Gerchik, Alexander Elder, Larry Williams) give beginners the following advice on the rules for making transactions and developing a Forex strategy.

Top tips from professionals:

1. Any new Forex strategy doesn't have to be complicated. The simpler and clearer it is, the better.
2. The abundance of indicators is not directly proportional to profit. It is better to use no more than 2-3 indicators at the same time.
3. A professional will never trade with the last money. He only uses funds he can afford to lose.
4. Trading without a stop loss is a sure way to quickly reset your account.
5. Apply the 1-2-3 method to your strategy: choose 1 currency pair and test it on 2 timeframes with a maximum of 3 indicators. If you made a profit in 100 trades, then the test is successful.
6. Always measure your earnings in points, not money.
7. Look at the support and resistance levels. They can bring you very decent earnings.
8. Professionals never triple their trading accounts in a month - this is mythical and unrealistic data. Their lossless Forex trading strategies are aimed at slow deposit growth, and not at insane unjustified risks. The maximum that a successful trader expects in a month is 10% with the most risky strategy.
9. If you estimate the possibility of entering the market for more than 3 seconds when scalping, you are missing out on profits. Lightning-fast assessment of the situation is the key to profitable points on the account.
10. If the stop loss is less than or equal to the take profit, such trades cannot be entered into. Potential profit must be at least twice the loss.

6. Real success stories of famous traders in the world

At its core, the Forex market is a ready-made business that is absolutely free for everyone. The only thing you need to invest in it is time.

Now I would like to briefly introduce you to the biographies of people who have earned millions of dollars on Forex and, thanks to their perseverance in studying the market. Their names are known all over the world, they have a lot of money in their accounts, and their strategies are simple and understandable.

Some of them have made fortunes worth billions of dollars thanks to stock trading, and now these speculators inspire thousands of traders around the world with their success.

1. Alexander Gerchik. Born in the USSR, graduated from the Food Industry Institute and immigrated to the USA. He worked as a taxi driver. The case brought him to a successful stock trader, whom Alexander Gerchik gave a lift to Wall Street in New York. This day changed his life. Gerchik became a successful trader and is now the managing partner of a large investment company, teaching exchange business to beginners.
2. George Soros. Successful trader, investor, financier. Born into a middle-class family, after 1970 he actively engaged in stock trading and became famous for his phenomenal earnings on the British pound. In this deal, Soros made a billion dollars in 1 day! Later, the financier released his famous book, which he knew "The Alchemy of Finance." There he described his own Forex strategy, which helped him become one of the richest people on the planet.
3. Alexander Elder. He graduated from the Medical University and worked as a ship's doctor. Then he became an editor in one of the journals on psychiatry. In the 1970s, Dr. Elder was introduced to the possibility of investing on the stock exchange and has since turned his professional career towards trading in the financial market. Now Alexander Elder is a world-famous expert in the field of exchange operations. His book "How to play and win on the stock exchange" became a world bestseller and has been translated into 12 languages.

If you want to learn more about Forex luminaries, watch online broadcasts and recordings of club days at. From my own experience, I was convinced that this is just a treasure trove of valuable information.

7. Conclusion

Friends, I think after reading the article you are once again convinced that following a certain strategy in the Forex market is very important for profitable trading.

If you are a beginner, then the described trading systems will help you take your first steps in the foreign exchange market. Over time, you can create your own trading strategy. And if you don’t have any ideas yet, then you can simply borrow ready-made ones.

Here I have described the popular Forex strategies, they are used by both novice traders and professionals, "finishing" them for themselves.

As you can see, it is not so difficult to make such a “twist”; you just need to practice trading for several weeks. I wish you success and a favorable trend on the stock exchange.

This is very important for our team. Thanks in advance!

Forex for beginners - step-by-step instructions on how to start trading on Forex + 5 golden rules for a novice trader