Q&A: What is the best forex trading strategy?

by David Jenyns on October 23, 2011

Question by Donna: What is the best forex trading strategy?
I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

Best answer:

Answer by David
Hello Donna,
I have been trading forex for almost 7 months now. When I first started I was totally confused and suffering from information overload. A friend of mine suggested that I try this strategy http://tinyurl.com/yfmmskp. I have to say that it has really helped me to understand trading. Hope this helps answer your question.

Know better? Leave your own answer in the comments!

pana October 23, 2011 at 12:12 pm

I think less is more. Try trading with the general trend with minimum technicalities. You have to learn when is the time to enter into the trade though. That way you dont enter too late into the trend and then it turns around on you. Lots of practice

Steve October 23, 2011 at 12:50 pm

I’m no expert on forex by any means.. but I did happen to run across a site a few weeks ago that I bookmarked.. I’m also interested in learning about forex so I took advantage of this site and downloaded the software and ebook courses.. lots of good info, all together around 10K worth of stuff..

I’ll put the link in the resource box so if you’re interested you can take a look.. really great info.

Jim October 23, 2011 at 1:37 pm

If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371

kailash chturvedi October 23, 2011 at 2:02 pm

Really a nice question …each and every individual is different ..so out of so many methods select your own …which is profitable and suits to your mind set ..seek assistance from any senior trader or stock guru and then stick on it and keep on modifying it till you wont succeed …

ForexAbode.com October 23, 2011 at 2:44 pm

No single strategy can work all the time. Its good to follow a trend but there are times when we need to analyze if the current price level is peak or bottom and at those time we need to go against the recet trend or a reversal. Similarly technical works for short-term trading but we can’t avoid fundamentals. Even the combination of fundamental and technical can fail and we have to also understand the market or mass psychology and market perception. Above all the trading decipline can win the game. This is the reason that we kepy one section on Psychology on ForexAbode.com.

Sara October 23, 2011 at 3:06 pm

For years I was looking for the best way to make money with Forex, and now i

finally found it 🙂

jane October 23, 2011 at 3:23 pm

i am in trading from 10 years.i have tried several strategies but they wont work as they said.if you able to study the news up to date deeply then only you can success.i know it is hard ! but there is a way i found know as “automated trading”.some highly qualified forex professional trade your financial assets.it worked me well ..! all you just have to sit and watch!.i made good money.check this

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