Traders have been debating what are the best forex trading strategies for years. It is likely that this debate will continue for many more years. What most people who are new to the Forex market want to know is what is best and how we can identify it as the best. First, I want to consider what a commercial strategy is, then analyze two different types and evaluate them both.
A strategy or Forex trading system is simply a set of rules that an operator will use to enter, exit and adjust its operation. The strategy may consider fundamental analysis, technical analysis or a bit of both. The answer to the one that is best can not be determined simply by looking at the results of a strategy, but also by looking at the merchant. Psychology is the most important problem traders have when they perform a winning or losing operation. The ability to be able to stick to your own rules during a losing or winning trade can be difficult. It is for this reason that many operators will resort to automated trading systems to overcome the psychological problems they face. Car trade with EA has its benefits, but it is a proven fact that markets are random, which means that a strategy that works today may not work tomorrow.
How about a mixture of both?
You could be the best analyst in the world and be a terrible trader! How many times have you made an exchange with all your analyzes in your head and then you have left before or you have not taken the trade at all? A common scenario is not to perform the planned operation because you could not commit and then take a random operation that was not planned and lost. It sounds ridiculous when you read that scenario, but it happens every day.
Imagine a system in which you could use your own analysis to establish an exchange, then use a trading system to take over and carry out your adjustments so that you do not have the Psychology to deal with. Surely this would be the best Forex trading system. The good news is that these are commercial systems, but not many people are giving them away. However, you could have a coded program for you that performs operations based on your rules and eliminates psychology. If you have a system that works manually but only works with certain market conditions, then this could be the best Forex trading strategy.