How to know if a strategy works?
A strategy that is used in forex trading defines a method that a forex trader practices to find when a currency pair can be bought and sold. There are several trade strategies in forex that the traders apply in their trade. It can be either technical analysis, fundamental analysis, or news events. A dependable forex trading strategy enables traders to investigate the market and perform trades with effective risk management techniques. It helps to generate considerable profits from buying and selling currency pairs in the foreign exchange market. The basics of a trading strategy There are both manuals as well as automated methods for generating trading signals. Manual methods require the trader to sit before a computer system, observing trading signals and evaluating whether to purchase or sell. Whereas, the automated methods require the trader to generate an algorithm that detects trading signals and performs trades by itself. Most importantly, despite the method...