Forex Trading Strategy

Designing and implementing a trading strategy is essential for every Forex trader. Forex strategies may involve several trading styles (scalping, news-trading, swing, etc.) and multiple timeframes {intraday, daily, weekly, or monthly}.

Key Principles for a Successful Forex Strategy

1. A Forex strategy must be compatible with your trading profile and your appetite for risk

2. Forex strategies will prove more efficient when they focus on a couple of Forex assets than when they cover the whole currency market

3. A successful Forex strategy must keep things simple and clear. Overcomplicated strategies tend to fail in the long run as they are very difficult to implement