MAGIC TRADING STRATEGY ON LIVE TRADE PART 2
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MAGIC TRADING STRATEGY ON LIVE TRADE PART 2
Every trading manual or instruction insists that a trading strategy is necessary for successful trading. First of all, when you select your forex strategy you gain greater clarity of the trading process, which helps minimize trading risks.
Profitable Forex strategy is an instruction. A trader faces high risks without using any system or plan. If a trader follows it strictly, he/she will avoid many mistakes. The market is hard to predict, and it often results in trading mistakes.
Your forex strategy will tell you what you should do in various changeable market conditions. Your trading strategy should be suited for any situation.
You won’t try to guess when to enter or exit a trade. Your trading strategy will prompt you when you need to enter or exit the market. It doesn’t mean that even the best forex trading strategy can’t be changed. But it mustn't contain any unjustified elements.
The article covers the following subjects:
- Types of forex trading strategies
- Three most profitable Forex trading strategies
