Making regular returns in the world of Forex Trading can be a lot of work to do, but if we are positive and always looking forward to improve yourself then you will increase the chances of winning. In this article, it will be explaining the different strategies to improve Forex Trading in 3 ways using Forex trading methodology that can yield impressive performance result.
Always keep in mind that these strategies won’t be applicable to every person and every strategy. I just added here general tips that Magic FX Strategy selected based on our years of experienced.
Strategy 1: Always limit your forex risk
This is a common behavior and biggest struggles of Forex Traders. Most new traders are often bet in the platform on each trade and normally getting little success in the result. So I suggest that you should never risk more than 2% on one trade and only 1% can be a better option if you are still gaining your skills in betting.
Strategy 2: Make sure to Buy, low, sell high
This is another simply trick and key to getting a high rewarding setups. Normally big declines are met with bounces. I recommend you should avoid moves that you missed out before and if there is an feasible big move and you want to continue with that, make sure to wait for a weakness spot like candles often go down as low as 50% before closing. Don’t ever buy the top of a big candle.
Strategy 3: Remember to wait for the signal
In buy low sell high, it doesn’t mean that you will reach the bottom of the right down movement of your pips. It only means that you need to start looking for available buying chances in the lower range end and selling opportunities in the upper range end. You can enter the low risk by waiting for the right trade signal. Also, don’t select bottoms and tops, just wait for the right moment for the market to tell you if its the bottom or top signal.