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Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

Money Making Forex Trading Strategies?

I was wondering if any of you could share your forex trading strategies that make you lots of money. I know that there is alot of money to be made in forex trading, I just dont know which forex trading strategy to get involved with. Can you share any forex trading strategies that work and require little effort. I am looking for the best forex trading strategies that make a consistent amount of profits.

11 Answers

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  • 1 decade ago
    Favorite Answer

    I know that there is alot of money to be made in forex trading,

    If that is true, why do you supposed 90% of the people that trade forex LOSE MONEY?? I don't think there's nearly as much money being made as you think there is.

  • Anonymous
    1 decade ago

    There are many strategies for forex trading. You can find plenty for sale by doing a google search for "forex strategies". The problem is, just because a strategy works for one person doesn't mean it'll necessarily work for another. People differ and analyze data differently. It's best to develop your own strategy.

    Good luck.

    Source(s): essentialforexstrategies.com
  • 5 years ago

    Trading binary options online is not as complicated as many people think it is. Read here https://tr.im/BinaryOptionsStrategy

    You don’t have to be an economics expert in order to make money by trading binary options. The charts allow you to predict the future course of an asset by finding patterns in its past price movements, and after all this what we need to win a binary trade.

    Don't be intimidated by the charts, actually they are not that hard to read and understand. Strategies that are based on reading and analyzing charts are part of the technical analysis area.

  • Anonymous
    6 years ago

    the best trading software http://tradingsolution.info/

    i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

    if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

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  • Anonymous
    7 years ago

    Take the time to check online traders, and I mean real traders not robots.Trade a small amount of your capital and as you get comfortable increase your trading balance a bit by bit. This is a very realistic approach, and it works. I advice you to cut your losses today stop spending money on courses/trainers and look for real traders that can actually trade and help you grow your portfolio

  • 1 decade ago

    Use stocastic indicator with 14,3,3 as values and set levels as 10,20,80,90 in 4hrs chart...

    when the green and red line crosses 80 or 90 and turns towards down side,put a sell order and

    u will get at least 25pips profit..

    And 10,20 for buying order...

    Use it multiple pairs.. You can get atleast 100-600pips profit per day...

  • 1 decade ago

    If you want to make money very quickly and you are ready to take high risk then you can go for scalping, scalping is a good trading strategy, even i am also using this strategy with http://www.forexcult.com/

  • 1 decade ago

    quite obviously you have asked and answered your own question. Any type of bot is a joke and waste of time and money. There is nothing out there relating to trading that takes little time with max profits

  • Anonymous
    1 decade ago

    There are many strategies that can be used but the best way to pick entries is with technical analysis.

  • Anonymous
    1 decade ago

    Money's foreign exchange transactions are many methods, to find suitable for your own use. Good luck.

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