It’s really hard to detect or to find the best forex strategy out there. Since there is no such thing as only profitable trades, there’s not even a forex strategy that will assure you a 100% sure thing. Ergo, profitability depends on the money management and the execution of the trade.
Bottom line successful trading depends on the risk control, take losses quickly and often, if needed. Try to get your trade in the correct alignment right out of the gate. If it backs off, cut out and try again. Often, it is on the second or third attempt that your trade will move immediately in the right direction.
Bottom line successful trading depends on the risk control, take losses quickly and often, if needed. Try to get your trade in the correct alignment right out of the gate. If it backs off, cut out and try again. Often, it is on the second or third attempt that your trade will move immediately in the right direction.