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Rules On Picking A Strategy In Forex Trading
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[QUOTE="moonchild, post: 304397, member: 57467"] There are thousands of forex trading strategies out there waiting to be picked, every beginner go through that phase where they think the only thing between them and profitability is a good strategy, so they start testing out different complicated strategies with the hope that they will hit that ne strategy that would make them the most money and after wasting a lot of time and money they find out that they are isn't a bulletproof strategy. When it comes to picking a strategy, you have to pay attention to the minutest details, the more complex a strategy is, the lower the results it will produce, complex in the sense that it has a lot indicators and it has a lot of variables that'll have to align before you take a trade, most of the times, it is not ideal, the cleaner a strategy is, say for example a candlestick pattern, or a candle formation or a support and resistance all of these strategies don't require indicators, safe for horizontal lines to demarcate supply and demand, you will find out they are the most effective. So when it comes to picking a strategy, less is more and you should pay more attention to those with less noise. [/QUOTE]
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