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TRADING METHODS FX


Checkmating Forex Most Brilliant Strategies of All Time


Trading on the Foreign Exchange market is essential ly risk management. With every prediction, purchase,


sel l or


studied chart, you are taking a leap of faith while trying to make it as informed as possible. There is no reason for the market to behave the way you want it to. That is the first advice that I can give. Even though historical ly trends were established in a


certain way, that does not mean they wi ll be again.


Forex traders deal in relative values. Even though what I hold now through my position might be a fortune, after a few twists and turns of the market, my holdings can be greatly reduced in value. Incorporating that into your strategy is key to acting on the Forex market.


The Legends


If they are widely known, trading strategies tend not to be successful. A good comparison would be to tell you the way I’m going to play before the game starts. As a result, Forex traders avoid making themselves, or their game plans known. After a long career of brilliant moves, some impact the industry irreversibly and reach


FX TRADER MAGAZINE July - September 2017 55


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