Forex Trading Strategy That Works?

Here is a great Forex strategy that works very well for me. No, it is not the usual advice that you receive every day from other operators that are probably also losing their money in the market. Most people will advise you to read all the books on Forex, take all the courses, practice for 5 years and then see where that will take you. We know that this does not make sense.

When we decided to invest in the Forex market was because we want to invest money and see some returns quickly without having to go through a learning curve that takes forever, then if you have really lucky could work for you.

I decided to take a different approach and think a little outside the box. I thought that I did not have to be a Forex expert to make money in that market. Let me give you an example. If someone brought a lawsuit against you, you do not have to study law for 10 years so that you can win in court! Simply hire a lawyer who knows what you are doing to take care of that for you.

It's the same here, I'm an investor that I need to make money investing in Forex. It does not make sense to study it for years and try to devise strategies that only God knows if they will ever work or not. I even end up spending money on training courses and in the end I find myself losing money without even having started trading.

I took a different path, some might call it lazy, but frankly I do not care. The only thing that matters to me is to see the benefits of my investment without knowing how to trade from scratch for years. I will invest my time looking for qualified traders who have a track record and the skills to increase my portfolio safely every day. There are traders around the world with excellent commercial skills, there is nothing wrong with hiring or following some of them and, in return, they receive a small cut, at the end of the day everyone is happy.

It is not an easy task to find a good trader with the necessary skills to negotiate your money, but for me it is much easier than trying to learn all about Forex for years and even spend tons of money on courses and EAs. Let me tell you the key features that I look for in a merchant. There are 7 key features that make a merchant qualify to exchange my account and I will share them with you.

The 7 key features / abilities that make a trader qualified to operate: [19659002]

  1. The risk should not be more than 3% of the account in a single operation.
  2. A track record and a history of live operations on a live account for at least 1 year.
  3. Risk: 1: 1 reward ratio, I prefer 1: 2, which means that the benefit should be double the risk.
  4. Open positions should not be more than 3 at any given time.
  5. No scales! I do not look for 3-5 pips in earnings per operation that does not work.
  6. There must always be a "stop loss" objective and a "take profit" objective.
  7. SL objectives should never be larger than TP objectives.

Take the time to consult online merchants, and I mean real merchants, not robots. Make sure they have the above skills, study their history carefully and start associating with them. Negotiate a small amount of your capital and, as you feel comfortable, increase your trade balance a little. This is a very realistic approach, and it works. I advise you to reduce your losses today, stop spending money on courses / trainers and look for real traders who can really trade and help you grow your portfolio.

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