Basic trading tactics.

Any strategy is unthinkable without the use of tactics, so in Forex there are also a considerable number of different tactics that make trading more effective.

Trading tactics - techniques used in Forex to make a profit or prevent losses, are universal and can most often be used for any type of trading operation.

There are not many well-known tactics - Martingale and Anti-Martingale, locking positions, averaging, accelerating the deposit and doubling.

• Martingale - a similar trading tactic comes from a casino game; when using it, the player acts on the basis of the theory that the movement of the trend cannot continue forever, in any case a reversal will occur.

They are used if the first deal was a loss, a new order is opened in the same direction, but in a larger size. With Anti-Martingale, the opposite approach is used, that is, positions are added when a profit is made on the first transaction. • Locking positions - with the first losing trade, another one is opened with similar parameters, but in the opposite direction.

Due to this, the financial result is fixed, since simultaneously with the growth of losses, the profit on the second transaction grows. Often this tactic replaces the standard stop loss. • Averaging tactics - based on a probable correction, if you opened one transaction and it turned out to be unprofitable, then you should open another one in the same direction, once the trend movement resumes, the profit on the second transaction will be able to compensate for the losses on the first.

• Acceleration of the deposit - with this trading option, a large leverage is used, and all the profit received goes to increase the trading volume.

If circumstances are successful, such tactics allow you to increase your deposit several times in just one day, or if unsuccessful, you can drain it completely. • Adding is a simple technique, the essence of which is that if the first order brought a profit, then another one is opened, and so on until the situation changes.

If Forex strategies describe the general direction of trading and the parameters for entering (exiting) the market, then trading tactics can be integrated into almost any of the existing strategies.