Thread: Which trading strategy are you using?

Which trading strategy are you using? Various strategic moves are adopted by foreign currency trader. Some prefer swing; where some prefer long term trading. I somehow as a small scale trader prefer short term trading. But in the highly volatile and uncertain situations; I use hedging. And not all the brokers are offering the flexibility to use any trading strategy. But my broker AAFX is always providing me that flexibility to use both the scalping and hedging so that in any situation I can use my preferred strategy.

Traders vary in their nature: so as they have different trading objectives. For this reason versatile strategies are adopted by the foreign currency traders today. There are many small, retail short term traders who prefer scalping to swing strategies; where some have preferences for long term trading. Again in many instances, especially in the highly volatile and unpredictable situations, traders are adopting hedging today. No matter which is your strategy is: you will always require a great command over your trading knowledge since without proper knowledge and trading skills it is nearly impossible to sustain for a long period of time in this world market.

Strategy is made up of several indicators. I have been with scalping strategy from the very early age. I always have a good amount of profit with this strategy and as a scalper I can enjoy trading profit within a few minute which is really amazing. I can successfully apply all strategies over Trade12 broker and always have a nice feedback. Here I have smart bridge technology, superior fast execution and user friendly platform.

There are various trading strategy in forex market like swing trading, day trading or long term trading etc. Trader adopt their trading strategy according to their trading style. As a short term trader I am scalper and hedging is my mostly used trading tools. I am using TradesFX for getting more than 2100 trading instruments. Their smart bridge technology is perfect for hedging and scalping. For scalping they provide their trader 0.9 pips spreads.

I am basically a price action trader. I like to trade on D1 time frame. For identifying trend on D1 I do not use any indicator. There are some chart patterns that tell the trend like identifying Higher high and lower low. Then I take entry by analyzing candle patterns. Though it's not the best approach, it works for me. But I get very few trades opportunity. For my trading I utilize MaximusFx broker since I like their useful resources like eBook and video instructional activities. I utilize 1:300 leverage in any case they give upto 1:1000 leverage.

There are a lot of strategies to make a profit in the forex market. Traders can use one or a combination of these strategies in their trading, depending on their personality. There is no better one strategy than the others. Mastering one or two is enough to become successful. As a scalper, I am trading with Forex4you. They give me the best trading condition for scalping.

Choosing a broker is a tough task. There are some good brokers and some bad brokers in the forex market. It is very important to choose a good broker for trading in forex market. Good broker can be identified by some of their basic features such as, their leverage system, spread system, customer service etc.

I use TP Global FX. They provide low spreads start from 0.01 pips. their highest leverage is 1:500 which sounds good in forex market. They also provide me 24 X 5 customer service, if i have faced any problem. They are really good broker in forex market.

I like to focus on all techniques, as it’s not possible to be called successful unless you are able to crack all techniques, so we need to be good enough for that note. I use all techniques and I am able to work it out very easily due to guidance of FreshForex broker, as they are truly special in every way. From offering fantastic spreads to Islamic Account, as all these factors work out so nicely for all techniques and gives me the highly wanted confidence.

achieving success in forex is not an easy matter, so it is important for traders to be better and be more maximal in carrying out trading activities in accordance with expectations with Tickmill.