The strategy depends on the market conditions, whether it is better to keep trading with a profit or lose it in order to have a better profit and higher profit at the end of each trading session. Also, there is the possibility of higher profit on the forex market and the possibility to make more profit on each and every day by adding more and more trades.
Let us explain in detail every one of them:
If the market is moving upward, I could keep trading with higher gain. But if the market is moving upward, I can avoid it. At the first level it may be a disadvantage, but in the case it is still better for me to avoid it rather than to make even a small profit. In the case of higher gain I can do it without risking much. It is always better to keep doing more trades.
If the market is moving down, I may be able to earn more, but in the case of lower profit I will need to make less trades. This is a disadvantage, but in the situation it is even better, since higher losses are compensated by the increased profit. Then I will do more trades, especially during lower market periods. At the first level, it may be the disadvantage, but it is still better to keep doing more trades. It is always better to keep on working a bit more.
If there are still gains in the market and if the profit level is not yet reached, and if there are still losses in the market, I will be able to have a better profit, as we will see in a moment. But if there are still gains in the market, the trading strategy should stop. It is important to keep this in mind. But there is still another advantage, which is that while the gains are still high and so are the profit levels, there are still losses. The trading strategy should stop after these losses have been compensated. This is something we should keep in mind, when you are trading.
And that is a very quick explanation of what I think is the most profitable forex strategy. For the purpose of this article we will keep only simple words to explain it.
I hope this article has been valuable for you. If you would like to become more familiar with this topic, you can refer to the following books:
Forex Trading in Switzerland?
Forex Trading in Belgium?
Forex Trading in Italy?
Forex Trading in France?
Forex Trading in Germany?
responsible day trading review, simple swing trading scanner and strategy, best online stock trading courses in india, swing trading books, technitrader learning center