Q&A: What is you’re forex trading strategy/plan?

by David Jenyns on October 9, 2011

Question by Mi R: What is you’re forex trading strategy/plan?

Best answer:

Answer by Ted
Be on the side that the moving average is going toward. Length of MA is a matter of comfort and personal preference for time frame.

Be in at least three currency pairs, none of which overlap.

Add your own answer in the comments!

JohnGalt October 9, 2011 at 11:58 am

Buy something. Wait for it to go up and sell it. If is doesn’t go up, don’t buy it.

Glory October 9, 2011 at 12:56 pm

Wait for the perfect opportunity and strike.
This is what I call investment.

…Taking risks is close to gambling and gambling is not an investment.

Forex K October 9, 2011 at 1:31 pm

invest in forex and I’m doin pretty good. Check out Forex Trading University http://www.fxtu.com

James K October 9, 2011 at 1:40 pm

Forex is generally seen as being slightly easier than stocks because of the broad nature of it. You don’t have to worry about which stocks are gaining or falling – you’ve just got to keep your ear to the ground about the latest world events that might change the currency rates (I.E oil prices, economic difficulties & government spending).

If you’re interested in getting into Forex, I recommend you take a look at http://www.forexfromscratch.com which has a really interesting free book about starting off in Forex.

It’s a step-by-step beginners guide which is 100% free. Just go to the homepage and download it for free – you’ll be able to avoid most of the beginner pitfalls with it.

Hope this helps?

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