Is there actually a strategy that is profitable?

almostfamous90900 · January 2, 2015, 11:21am

Every strategy is profitable if you do correctly. For example, one of my friend is learn How to edit photos in photo-shop. Now his income is daily $100+ in different marketplaces. Think once that, he is earning daily $$ for just editing the background of photos etc etc.

What you learn? A simple way can give you profits till you are master on that way.

In trading, Truly it is very difficult to earn until you dont have enough experience or guideline. You have to study a lot.

Andrew_Button · January 3, 2015, 3:29am

Mikali:

I think the best strategy is following the money…the old adage of buy LOW and sell HIGH applies to the FOREX market…So the question now becomes when do I know when to buy and when to sell (the million dollar question, right?).

The market movers, that is the central banks, huge hedge funds, very large companies among others, buy and sell currency at prices that permit them to hedge their positions. There are far to many reasons why the market movers enter the market at any given time or for that matter, how long they will hold their positions…the charts give us clues at where those price levels occur (at least from a historical perspective). As retail traders the best we can do is identify those areas to enter a trade (many, many hours of screen time to become proficient at this task). Proper risk management and initial investment capitol will be key factors in becoming successful or at the very least remain in the market.

This is the most useful reply on here. If you add simplicity & consistency to Mikali’s advice above it is possible to develop a very profitable system over time with patience & low leverage.

Good advice Mikali

coughs · January 5, 2015, 5:23pm

From what I’ve experienced every trading strategy works if they meet the correct market criteria and rules which are required…