A Profitable Forex Strategy - Ratinah

A Profitable Forex Strategy - Making money in the forex market is not an easy task by any means. However, with a little education and knowledge of the market, it can be very easy to make profits in the forex market. 

A Profitable Forex Strategy - Ratinah

Most traders eventually learn that it is a simple system that creates wealth. Over-analysis and over-thinking can sometimes affect your trading methods and strategies.

The trading method I'm going to explain here may piss you off a bit and will likely contradict everything you've ever learned about forex. However, you must remember that this is my personal strategy and how I make money. It may not work for the next person, but it has shown me how to make a lot of money in the forex market.

Through your forex training, you may have heard traders tell you to always trade with a stop-loss. If you don't know what a stop-loss is, it's just an order that tells the broker when you want to cut your losses. I do not trade with stop-loss periods. How about this? How can I make money without using stop-losses? I tend to believe that the big players in the forex market like to steer this market in a certain direction to take other traders' stop-loss positions. In order for banks to make money, they have to take other traders' money, therefore issuing stop-loss orders on the market. I don't allow banks to do this to me personally.

Second, each trade looks like it only made a few pips. In some cases this is known as market scalping. On every trade I just want to get 3 to maybe 6 pips or as I like to say, in and out.

Your next question might be, “how do I know when to enter and exit the market?” I use a set of indicators combined with detailed analysis of trend lines and channels. Indicators tell me when to enter and exit and trend lines give me the overall market direction for the next month to several years. Having a good idea of ​​where the market is going over the years gives me a good idea of ​​whether I'm in buy mode or sell mode every day.

How is it possible to survive without using stop-losses? Simply put, don't risk huge amounts on every trade. I only risk one tenth of my account balance per trade. For example, I only traded $1 lots on a $10,000 account. What it allows me to do is not to use stop-losses. If the market moves 200 points no problem. By the time the market moved 200 points, I had made another 100 trades in profit for 3 to 6 pips each. If the market continues to drift away from me I continue trading daily gains which end up compensating some of the losers and end up hitting them. When the market came back in my favor, the losing trade made a profit every step of the way.

That's A Profitable Forex Strategy - Ratinah

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