Well explained! To develop a trading strategy in Forex:
1. Define goals and risk tolerance. 2. Choose a currency pair. 3. Identify a trading style. 4. Set entry and exit criteria. 5. Set stop-loss and take-profit levels. 6. Backtest the strategy. 7. Manage risk. 8. Monitor and adjust.
These points will help you create a clear and effective trading strategy in Forex.
13 Comments
@agoziemdollars1376
July 5, 2024 - 4:21 pmMy strategy can never lose 4 times in a row. My strategy can never lose 5times in a month… I have used it for 1yr and 4mnths now
@makeuptipsandproductgiveaw708
July 5, 2024 - 4:21 pmMa true you talk
@might1988
July 5, 2024 - 4:21 pmThis guy is always SPOT ON!
@tradequotex
July 5, 2024 - 4:21 pmWell explained! To develop a trading strategy in Forex:
1. Define goals and risk tolerance.
2. Choose a currency pair.
3. Identify a trading style.
4. Set entry and exit criteria.
5. Set stop-loss and take-profit levels.
6. Backtest the strategy.
7. Manage risk.
8. Monitor and adjust.
These points will help you create a clear and effective trading strategy in Forex.
@TheElite2
July 5, 2024 - 4:21 pmHow far should i backtest a strategy
@TheElite2
July 5, 2024 - 4:21 pmNow i know why i jump from 1 strategy to the other 😮
@Falcon_033
July 5, 2024 - 4:21 pm@fx daddy, do you think there is a time to trade and a time not to trade? Based on your psychological state.
Does it actually affect your trades?
@okolobiashaibu1220
July 5, 2024 - 4:21 pmGood morning sir
@isaacarukwe1724
July 5, 2024 - 4:21 pmI dey like your talk bros
@michealtolulope3146
July 5, 2024 - 4:21 pmOk.sir.
Can you pls tell us the simplest way to backtest a strtegy on a mobile device or on a laptop.
@CcSkyler
July 5, 2024 - 4:21 pmValuable 😊
@aneleplaatjie5132
July 5, 2024 - 4:21 pmFacts my brother.
@aidaneze6258
July 5, 2024 - 4:21 pmSir yes the strategy is very important but omo this your outfit ehnn… 🔥 🔥 🔥
Comments are closed.