What is best strategy forex trading?
Question:
Answer:
I have been trading a long time.
There is no best way - because the market change over time.
The beauty of the FOREX is you can always get out of a trade at any moment - because the market is Soooo large. 100 time that of the DOW. That in times of crisis, is a very big deal. Once in '86, when the oil market fell out and I was long & it took 3 days for me to get out - even though I had a stop in place!
At any rate there a so many tools out there now - you can make a tidy profit as long as you are not to greedy and want the last pip squeezed out !
The best strategy is the strategy that allows you to change strategies. Say you have a pool of 500 or so strategies (MA crossovers, filters, oscillators, whatever, with different parameters). Every year, you backtest all of them on the last year's data and use the one or two that performed best during the next year.
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