Thread: Strategies for successful trading decisions – going short or long

The Forex market is quickly becoming the focus of attention for millions of new entrants due to its unique advantages. Many people have learnt how to make clever investment choices in order to take advantage of the market. Two strategies in Forex are going short or going long. Once you understand these two strategies you will be able to make important decisions in order to be profitable. The two main strategies will be examined below.
Going short

This trading strategy is when the base currency is sold in order to buy it later when the price begins to fall.
For example, if the current GBP/USD is 1.5345 meaning we pay 1.5345 Dollars for one Pound Sterling, and we have $1000 dollars, we would sell the Dollars in order to purchase the Pound Sterling. This is carried out when the cost is expected to fall again in a short period of time.
When the price GBP/USD falls to 1.5350, this means that more Dollars can be purchased with the same amount of Pounds that were obtained at the start. The additional dollars can be kept as profit which was earned by considering the dollar as the base currency.


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It is an inquiry whose answer is relative in view of the fact that traders are not same. So their trading prerequisite is also different. Form my personal opinion, I prefer short term investment horizon. And I am using scalping with my broker AAFX. and it is offering me lowest zero spread, 1:2000 high leverage, re-quote and slippage free fastest trade executions, mini accounts facilities, hedging and scalping opportunities and 24 hours customer support so that I can effectively take the advantage of short term trading.

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I can’t particularly mention any strategy that can offer you handsome amount of knowledge but knowledge, good understanding, dedication and passion can help you. When traders have enough knowledge, it accumulates confidence in them. So, traders should never compromise with knowledge acquiring. Eurotrader makes sure instant support whenever traders face any problem.

Knowledge and understanding are very important, where by having them, one can be facilitated in achieving profits. That's why traders learn and practice a lot, so that they can easily gain profits with Tickmill.

As per my view, if anyone follow price action strategy then for sure he will be able to earn quite a lot and for that I think they hsould join in FreshForex broker cause their interface is totally unique.

Every trader surely has a different strategy, but the goal is the same, to make profits in forex. That's why I learn and practice a lot, to make it easier for me to achieve optimal profits with Tickmill broker.

To be honest, there is no fixed strategy to succeed. There are always adjustments required, in order to really succeed. And aside from the strategy, it is also crucial to have a quality broker, it takes me to FXOpulence company, licensed by ASIC and is well-reputed.