Why Forex strategies don't work.

It would seem that trading on Forex is as simple as possible - you studied the work in the trader’s trading terminal, chose the appropriate strategy and just open trades, and the profit itself will flow into your account.

But while knowledge of a trader’s terminal is usually easy, a lot of questions arise when using strategies, most of them simply refuse to bring profit, although the trader thoroughly follows all the recommendations given.

Why don't Forex strategies work anymore?

Let's try to figure out a similar question below. 1. Trading tool - most strategies are written for a specific currency pair, but not all traders pay attention to this.

2. Variability of the situation - the market is constantly changing and a strategy written for several years, or even more, will not always work in the current situation. What to do in this case - use classic Forex strategies .

3. Incorrect application - very often a strategy is recommended for a certain time of day or time frame , it is easy to imagine what the consequences of violating the recommendations will be.

4. Ignoring the rules - most novice traders consider themselves stock trading gurus and try to change the existing conditions of the strategy.

At the same time, it is easy to imagine what, for example, a change in leverage will lead to in a long-term strategy; other violations can have no less disastrous consequences. 5. There is no grail - even if you have found a really working strategy, this does not mean that it will give 100% successful trades; to reduce losses you need to use money management and not give in to excitement.

You should not immediately blame the author of the strategy you are using for the failure, first check that all the conditions are met and whether you are doing everything correctly, only then change the trading strategy.