No such thing as a "safe strategy". Safe means different things to different people. For example, 100 pip SL to one trader is safe. To me, that's suicide. Just depends on the system
Which strategy of forex is the best and fully safe?
- Thread starter Finlay-Ar
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I like mixing a few strategies and experimenting with them so that works well for me.
That's the best way.
Important thing for a trader to consider is the flexibility of the broker in allowing all kinds of strategies and practices like hedging, scalping, etc. Although I only trade 4 hour GBPUSD on fxview and but I know my brokers are alright with all kinds of strategies. Practiced different currencies, styles on their demo accounts before starting live with them and only a single currency.
saying something like that shows you really don't know what you are talking about.
Have you been applying this strategy?
Hedging is a trading style where you simultaneously open buy and sell trade for an instrument. The strategy involves identification of the right kind trade and trend of the market, one thing you need to understand in hedging is you need to cover the cost of your trade that is spread and commission because you have opened two trades so make sure that profits from one side will be sufficient to cover the overall cost and loss from the other trade.
P.S- I know what I am talking about