which is the best strategy for a good profit?

<p>One of the profitable trading strategy is the “Profit Parabolic” trading strategy which is based on a Moving Average. This is a trend strategy. Most sources suggest using it in different timeframes, including minute ones, but market noise lowers its efficiency in very short timeframes. It is better to use timeframes of ?15-?30. You can trade any currency pair, but you may need to custom indicators’ settings.</p>

<p id="isPasted">Every trading manual and instructions inform us that a trading strategy is always useful for successful trading from which you can gain greater clarity of the trading process, which helps minimize trading risk.</p><p>The market is hard to predict, and it often results in trading mistakes. &nbsp;A trader faces high risks without using any system or plan.&nbsp;</p><p>The most important thing is to select a time frame that suits your trading style. Trading on a weekly chart and a 15-minute chart can mean a lot of difference for a trader. In case you are more inclined to become a scalper, a trader whose goal is to take advantage of smaller market moves, you should prefer smaller time frames, e.g. 1-minute to 15-minute charts.&nbsp;</p><p>Scalping is an excellent trading strategy if you want to open a high number of positions.&nbsp;</p><p>Most traders will spend less time in front of charts if they spend more time and resources on analyzing macroeconomic reports and fundamental factors. The strategy that they prefer is based on higher time frames and bigger positions.&nbsp;</p><p>Finding the right trade size is crucial. Successful trading strategies depend on knowing your risk sentiment. It can be very problematic if you are risking more than you can, &nbsp;as it can lead to bigger losses. &nbsp;</p><p>Three successful trading strategies which you can try are Scalping, Day Trading, and Position Trading.</p>

<p id="isPasted"><strong>TIME FRAME</strong></p><p>Depending on your temperament, the time frame determines the type of trading you should do. Taking a position off of a five-minute chart implies that you are more comfortable taking overnight risk-off of a position. However, choosing weekly charts indicates the comfort with overnight risk and a willingness to see some days go against your position.&nbsp;</p><p><strong>METHODOLOGY</strong></p><p>Decide on a time frame and develop a consistent methodology. For instance, some traders have a strategy of buying support and selling resistance. Others like to buy or sell breakouts. A lot of traders use indicators like MACD (moving average convergence divergence) and crossovers.&nbsp;</p><p><strong>MARKET</strong></p><p>The trading of certain instruments is much more orderly than that of others. Erratic instruments make it harder to develop a system that is profitable. It is therefore essential to test your system on multiple instruments to ensure that the "personality" of your system matches the instrument being traded. In the foreign exchange market, you may find that Fibonacci levels of support and resistance are more reliable if you are trading the USD/JPY currency pair.&nbsp;</p><p>Make sure you have a solid understanding of what the Forex market is, as well as how to trade in it. Learn about the approaches and strategies that work and see real-time examples.</p>

<p id="isPasted">Following these tips will help you develop a successful FOREX trading strategy, which will allow you to become a successful currency trader.</p><p>Our aim is not just to make money but to make big profits consistently.</p><ul><li>Get a Method you have Confidence in. Your method needs to be completely confident so that you will be able to follow it with discipline. Select a simple, technical method - simple methods are more robust and will hold up better under brutal market conditions - complex methods are more prone to breaking. Just follow a few rules and parameters, and they'll work across all markets - a technical trading system should work on ANY trending market.</li><li>Mindset is key! You must be willing to take risks! Many books on money management will be available to you - but remember that risk equals reward. You won't make big profits if you don't take reasonable risks. A common recommendation is to risk 2% per trade, but if you're trading $10,000 you're only risking $200. 10% is fine if you're confident - all you need to do is be selective with your trades. Even with the best FOREX trading strategy, you will need to take calculated risks if you want to make big gains.&nbsp;</li><li>Avoid frequent trading. There are only a few good trades each year, so concentrate on them. Many traders believe they can find good opportunities every day - there aren't any. When it comes to making money, it's not about how often you trade - if you want big profits, you need patience.&nbsp;</li><li>Focus only on Long-Term Trades. You can't make big profits by day trading; instead, focus on long-term trends. Remember to cover your losing days as well. Currency trends can last for months or even years - you should pay attention to them and take advantage of them.&nbsp;</li><li>Trade-in Isolation. Make sure you don't discuss your trading with anyone - you will make more money by doing it alone. You must have confidence in your ability, and don't let others put you off - this is an essential character trait of great traders.</li><li>Work Hard not Smart. A lot of losing traders believe that the more effort they put into their FOREX trading strategy, the better their trading skills will become - but this is not true! It is possible for you to learn a method quickly, and if your method is simple and robust, you can finish your analysis in about 30 minutes a day.</li></ul>

<p id="isPasted">There is no one-size-fits-all answer to this question as the best strategy for forex trading depends on various factors such as individual risk tolerance, investment goals, and market conditions. However, some commonly recommended strategies for achieving good profits in forex trading include:</p><ol><li>Develop a well-researched and tested trading plan: This includes having a clear understanding of the market, setting specific goals, and developing a strategy to achieve those goals.</li><li>Risk management: This involves setting stop-losses, taking only reasonable levels of leverage, and diversifying your portfolio to manage overall risk.</li><li>Patience and discipline: Avoid impulsive trades and stick to your plan even during times of market volatility.</li><li>Stay up to date with market news and analysis: This can help you stay ahead of market developments and make informed trading decisions.</li></ol><p><br></p><p>Ultimately, the key to success in forex trading is to continuously educate yourself, be patient, and stick to a well-thought-out strategy.</p>