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 generate profits or prevent losses—are versatile and can often be used for any type of trading.

There are a few commonly known tactics, including Martingale and Anti-Martingale, position locking, averaging, deposit acceleration, and doubling.

• Martingale - a similar trading tactic came from playing in a casino, the player when using it acts on the basis of the theory that the trend movement cannot continue forever, in any case, a reversal will occur. Applied if the first transaction went into 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 received on the first transaction.

• Locking positions - when the first unprofitable transaction is opened, another one with similar parameters, but in the opposite direction, is opened. Due to this, the financial result is fixed, since simultaneously with the growth of losses, the profit on the second transaction grows. Often, such a 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, after the trend movement resumes, the profit on the second transaction can compensate for the losses on the first.

• Deposit acceleration - this trading option uses high leverage, and all profits are used to increase trading volume. With a successful combination of circumstances, such a tactic allows you to increase your deposit several times in just one day, or, if unsuccessful, lose it completely.

• Addition - a simple technique, the essence of which is that if the first order brings profit, another one is opened immediately, 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 existing strategy.