There is tons of information out there on some of the better trading strategies. We are not going to talk about that today. No, today we are going to talk about some of the worst currency trading strategies that I have come across. Hopefully by the end of this article you should know what not to do.
So why would anyone want to know what the worst trading strategies were? Well as I mentioned in the last paragraph it should make you aware of how not to be the successful. This is the only reason you should need to finish reading the rest of this article.
The first strategy I want to talk about is trying to use any type of martingale system. I have been in the forums and read the same things that you guys have. Every bit of it is BS meant to draw in newbies. There are multiple numbers of reasons why this doesn’t work and if you don’t understand them I’m sorry.
Okay so any strategy that promises x number of pips a day just go ahead and throw it in the trash. Again these are gimmicks to draw in new people. I have plenty of systems that I can advertise for gaining a certain number of pips today. The difference is that I have no reason to do that.
Anyone who promises a 100% hit rate on any strategy is full of crap. It is well documented in some of the bigger trading forums as to what these guys are really about. If you’re curious spend a couple hours reading some of the threads.
Well there it is the three worst forex trading strategies I can think of. You may not believe me now but I probably just saved you hours and hours of investigation time. Just take those words as gospel and you should be fine. Remember that anything that sounds too good to be true usually is.
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