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How to Choose the Best Forex Strategies

As a result, both parties agreed that scalping is a strategy in which traders get rid of positions in a short period of time. It is not known exactly how long this “short” period should last – people could not come to a common opinion on this issue.

Because of this, medium-term traders rarely use automated forex trading systems, preferring to make deals on their own and, if necessary, make changes to them. In short-term forex trading and scalping, when events develop quickly, it is most effective to strictly follow the TS rules and not try to make decisions on the fly.

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It is applied for any currency pairs, the most interesting results are noted in the euro / dollar and pound / dollar pairs. You can trade according to the chart of any timeframe, but it is better to take from H1 and higher.

However, it is not recommended to use many different indicators at the same time. Such an analysis will not lead to large profits, but will only complicate the choice of the optimal point for opening or closing a position for the trader.

An additional analysis that is often used with candlestick and figured is the indicator. Special technical indicators are added to the chart, which helps the trader to determine the moment of the most profitable entry into the market.