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What forex trade strategy works?

In: Foreign Exchange (Forex) [Edit categories]

Answer:

Finding a mechanical strategy for forex trading that acctually work is highly unlikely. In order to trade forex profitably you will need to study hard and learn what fundamental factors determine currency prices. Once you have a basic understanding of this you need to master the psychology of trading.
Below are some of the things that forex traders look at to determine the coming trends of forex trading.
- Put/call ratio of currency futures. - The Commitment of traders reports - Interest rates set by central banks - Trade balances
There are many websites that write about these economic indicators. http://www.forextraders.com/forex-strategy.html
One of the most important factors when learning how to trade is to employ low leverage and not risk money that you cannot afford to lose.

I can suggest you one of the best Forex strategies what available now on Forex market called ProFx. You can find it at http://www.forexeasystems.com/best-forex-day-trading-strategy-profx

Contributor:

Alexander

First answer by ID1220322596. Last edit by Alexander Collins. Contributor trust: 2 [recommend contributor ]. Question popularity: 2 [recommend question].

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