Forex trading strategies is the term already familiar to you that’s I know for sure. But it’s worth looking closer and making a more familiar acquaintance to see that it’s what worth working with. So, come closer and meet Forex trading strategies – they are worth it!
Two Main Types of Trading Strategies
If you’re already working with Forex trading strategies, then you definitely know that there are two main types they can be divided into. First one is the trend following Forex trading strategy. As you probably know, Forex trend is the general direction of a market, so, when you’re working with trend following Forex trading strategy you surely know its weak point – when the market is trending, your strategy is in its winning point, but as well as the market stops trending, the strategy stops working, so you need to change the direction.
The second type of Forex trading strategies is the range trading strategy. Forex range trading is for trading currencies in channels, like, you do the technical analysis to find the support and resistance levels, and then you buy stocks from the bottom of the channel (support level) and sell them near the top of the channel (resistance level). This Forex trading strategy works well but has its bad sides too – when the currency pair is breaking out of the channel, also called “breakout”, the price can be changed hugely, and if the changing side is not yours, then you are losing. So no long run again.
Technical Indicators are Running Behind the Market
It’s really uneasy to find out when the market conditions are changing and your Forex trading strategy stops working, when you use the classical technical indicators to watch. In fact it is nearly impossible because technical indicators are calculated on previous price quotation. Means nothing else then they run behind the market.
“What about Forex trading strategies can bring me CONSTANT profit?!” you can ask. Fortunately, there’s an answer on your question.
Auto Adaptive Strategies
Forex Trading Strategies like ProFx uses not only technical indicators but also neuronal networks to determine changes with high accuracy and adapt itself automatically whenever required. As result the strategy helps you to be on the right track and archive stable profits on a constant base.
Average Monthly Profit from 850 Pips
Since the first version from the Forex trading strategy ProFx has been released in the year 2007 till today, ProFx returned average monthly profits from 850 Pips. Yes, during some months the profit was only 500 Pips, but also months with almost 1500 Pips. Most impressive fact: “There was NOT ONE loosing month”
