When it comes to the aspect of Forex trading strategies in general there has been some recent and particular insight that has been given into the aspect of creating your own personal Forex trading strategy playbook. Some steps to this itself include having an idea about the market, getting detailed on the tools, as well as a few other things in particular.
- If you aspire to trade for a living, one day you’ll find yourself having multiple trading strategies or trading styles.
- The fact is that no single trading strategy can be used at all time. In fact, it is frequent for professional Forex traders to switch between strategies or to replace the ones underperforming.
- The thing I want to point out, however, is that having a Forex trading strategy playbook doesn’t mean you should accumulate as many trading strategies as possible in the hope to make more money.
“If you aspire to trade for a living, one day you’ll find yourself having multiple trading strategies or trading styles.”