Make Profit with the Best Forex Strategy
Sunday, October 16th, 2011Make Profit with the Best Forex Strategy
Everyone who is familiar with the finance world already knows so much about what Forex is and how it Works. The question, the answer of which is not clear for everybody, is what the best strategy is in Forex to earn money without losing it. Having spent two years on Foreign Exchange Market and tried various strategies, I found the best strategy for those who want to make the best profit at once. If you have enough capital and you are willing to invest it in a way which will bring more money, you can follow the following steps.
1- Register with a Forex Company
If you make a research on the internet, you can see many forex companies, each of which claims that they are the best forex company. Just don’t jump on the first firm you found. Make detailed searches, read the reviews about the companies, take their features into consideration and after that register with the company that you think as the best and the most reliable.
2- Define Your Parity
Don’t try to be an expert on every parity because this is really difficult for even the economists. For my strategy the best parity is GBP/JPY. We will work on it now that you are voluntary to follow my technique.
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During the years that I was interested in forex, I saw that GBP/JPY parity moves up or down for at least 700 pips monthly which is such a huge jump that many signal companies guarantee that amount of pips to you in response to a considerable payment. Yes at least 700 pips. It sometimes goes up to 1000 or even 1800 pips. This happens 2 or 3 times a year but I guarantee a 700 pip-change to you every month.
3- Wait for the Best Moment
The best moment to open a position in forex is to wait for the top or bottom point of a parity. So you have to wait for these points if you want to catch the 700 pip-jump. Follow the parity everyday and try to find the starting point of the big jump. H1 screen is the best to define this point as it shows the middle and long term activity of the parity.
4- How to Open Position
The best method for my strategy is to use the 4 percent of your money with a 1:200 leverage rate. Let’s assume that you have got 5000$ in your account, you can open a position with a 0.20 portion. So you spent 200$ (in GBP/JPY this amount is 300$ ). So you have got 4700$ left. Do know what it means? GBP/JPY parity have to move up or down for 2300 pips which is almost impossible as long as the British or Japan Central Banks bankrupts. So, the 700 pip-jump will bring you 1400$ monthly without losing one cent. If you find this too risky, you can use 2 percent of your money. In this case you ever never lose your money because it requires 4800 pips but your profit becomes 700$ at least.
This strategy was and has been tried and found successful. While trying the same strategy, you should be calm and relaxed and never get nervous because what makes the most of forex losers lose money is mostly getting nervous rather than opening wrong positions.
Bekir Resit Kuccuk, the author of this article, is a freelance forex broker who has interested in forex market for two years and he shares his opinions about it in his blog titled “free forex demo account“.
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