The most profitable forex strategy
Anyone who starts trading on the currency exchange strives to earn as much profit as possible, this category of people becomes traders, preferring this activity to simply going to work.
The amount of earnings on the currency exchange depends not least on the Forex strategy used, and to be precise, on some elements of trading.
Which can be used in almost any trading option, regardless of the selected asset.
The most profitable Forex strategy can bring up to 1000 percent or more per month, thereby increasing the initial deposit tenfold.
Moreover, this statement is based on real facts, when in just one trading session, the deposit increased several times.
In addition, its main advantage is its ease of implementation in practice
Let's move on directly to the most profitable strategy on Forex.
Its main component is, of course, high leverage, which should be around 1:500. This doesn't mean you'll be opening trades 500 times larger than your deposit. It simply gives you more room to maneuver:
On average, orders of 0.1 to 0.5 lots are opened on a $100 deposit. The value of a Forex pip in this case, with a four-digit quote, is $1 to $5. So, if you earn just 5 pips, that could be $25, and that's on a single $100 trade.
The essence of the most profitable Forex strategy is pip hunting. We'll trade on the M1 timeframe, without the use of additional indicators or other aids.
The currency pair is, of course, EUR/USD, otherwise the spread will take half of our profits. The spread can be either a minimal fixed one or a floating one, although the latter significantly complicates the trading process, as you'll also need to control the spread size.
Only scalping brokers ; choosing another company significantly risks losing your deposit due to it being blocked.
The foundation of the most profitable Forex strategy is the right moment to identify cyclical patterns in exchange rate fluctuations.
In practice, this is done by launching two trading platforms simultaneously, but one should be configured with a demo account and the other with a real account, with the trading instruments and timeframes matching. For this purpose, it's best to use two separate devices, such as a smartphone and a laptop:
But you can also simply switch between accounts in one trading platform.
We open a trade on a demo account in any direction and begin to track how its financial result changes, identifying patterns of when profit (loss) increases and when it decreases, and use the resulting results as an entry point for the real account.
For example, if you have a buy trade open on a demo account, and the profit is gradually increasing, albeit with some fluctuations, you can catch the moment of such a pullback and open a trade on your live account. You close the trade as soon as a new pullback begins; the profit typically doesn't exceed 3-7 pips.
It would be a good idea to conduct a quick analysis of the current situation on M1 and build a price channel or support (resistance) line; this will serve as an additional reference point:
Some traders begin increasing their trade volumes as soon as their initial deposit has grown significantly. This step will help them achieve their planned results more quickly. The volume of opened positions increases proportionally as the deposit grows.
It's quite difficult to explain the essence of this trading option in more detail; you need to try to implement it yourself, and understanding will come as you work.
Despite its simplicity, the most profitable Forex strategy works well. The only caveat is that you shouldn't use it constantly; seize the moment when you can predict price movements. A trader I know set a record using this strategy: 10,000%; he increased his deposit 100-fold in a month.
True, after an unsuccessful deal, half of the profit was lost, but the result was still impressive.
Other profitable forex trading strategies - https://time-forex.com/strategy
