Best forex market strategy or theory I should use?

I am searching for strategy or theory to become professional trader.Can any professional tell me which should i use ??

Hello our4link,
I hate to tell you this but for 99% of us this is not that easy, and it took years, days and nights and a lot of surprises and disappointments till we succeeded.
There is no shortcut.....It is like asking: "I want to do brain surgery, how do you think I should do it?" (very seriously)
This business takes a lot of determination, persistence and love for it. Just trying to help....

4x

LOL

But I will give you a simple idea that will go a long way....and has gone for me.When you take a signal make sure that the time frame that is approximately 4 times higher (like if you are trading the 1 hour check the 4 hour too) is in the same direction as your lower signal time frame.
Also try to cut your loser short and let you profits run.
Of course this is basic and there is a million ways to trade but starting here will help. Have fun....cause if you are going only for the money it will take longer or never

4x

Forget all the threads in the system section and just focus on this

http://www.forexfactory.com/showthread.php?t=288142

Do it if you don't want to waste years wondering in the dry desert.

I think first thing you have to work is TIMING

Here are a lot of shocked CHF tsunami victims and survivors.

This question sounds a bit naive...

Trade with strong moves. Take profit. Easy peasy.

visit wikipedia and search keywords: forex market. I'm sure there are many traders do not know what the composition of the foreign exchange market.

http://en.wikipedia.org/wiki/Foreign_exchange_market
hope that you will get a good idea after reading the article. it is a little-known treasures.

Trade with the trend. Avoid trying to pick tops and bottoms. Wait for the market to pull back if you don't already have a position, and use trend lines and moving averages to enter in the direction of the trend, in whichever time frame you use. This will give you the greatest chance of earning money. The rest comes with experience. It is important to understand that it takes years to become a consistently profitable trader.
Have a look at my thread, quite old now, on ' Counter trend lines ', it might be of some help to you.

You could ask 10 professional traders for the best trading method and you might get 10 different methods. Everyone sees the market a little differently & has a different comfort level. Scalp or swing, SL or no SL, add or no adding, with trend or CT, R:R of 1:1 or 1:3, move SL to BE or leave it, focus on few pairs or many pairs, etc., etc., ...........

The only way to know what style is right for you is to start trying different methods. Along the way you'll slowly find what works for you and what doesn't and in the end the method you use is probably going to be different than any single method you've read about.

There are books written about some of the best traders in the world (Paul Tudor Jones, Jesse Livermore, etc...) explaining how they made billions trading. So why isn't everyone just copying the way they traded? What works great for one person doesn't work at all for the next person. There's not a "wrong" way to "right" way to trade. If it makes you money, it's "right" for you.

Good Luck.

you guys should check out...

blackpeaktrading.com

best strategy is
1.know technical strategy-trends, indicators etc, patterns
2.good money managemt, stop lost
3 .mental skills, for example close lost. mental skills are very interesting,maybe the most

Study what the big players are doing instead of what an indicator will display, keep in mind most indicators lag. As a retail trader, you are already at a handicap, why make life more difficult. This is why a majority a retail traders fail at this game, is they want a clear buy and sell signals. Trading is about learning market psychology and that most retail traders are consistent at being unconsistent based on they are looking for a simle rules in trading.

Trade what you see by looking at daily charts as you will see what is really moving the market and go with the flow. Once you understand order flow than you develop a method and trade with that. Take it from someone that took 9 years to understand from trading and developing hundres of systems. 3 things that come in trading:
1. Techniical Analysis (Hint: big boys use trend lines and not much else).
2. Fundmental Analysis (why trade opposite the news reports, once a report is released wait for the dust to settle than plan your trade and work your plan, the advantage of trading dailies is you know full well if the big boys like the news or not).
3. Sentiment (go in the same direction of buyers and sellers, your port will thank you).

Good Luck

hi how to download
Price is Everything PDF" to free file sharing hosts as FF file upload size limitation rules.

File format: PDF (392 pages)
File size: 52 MB
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this pdf file? all link in thread all died
cannot download
thanks

I've heard that buying before it goes up and selling before it goes down works pretty well..
Good luck..

1. Learn proper Money management
2. Learn proper risk management
3. THEN learn Ichimoku

In order of importance, I believe:

1. Money and risk management. The importance of risk:reward (R:R), and the amazing mathematics around that.
2. "Trader psychology" as it is commonly referred to. For those who aren't naturals, this is where the work is.
3. Learn about Support/Resistance, trends and price action
4. Trial and error on strategies.

The "best" strategy is really the one that best fits your personality.

Otherwise you will find trading mentally tough to execute and you will struggle with emotions and discipline in trying to stick to your trading plan. This will then results in you breaking your trading rules more often than not and eventually ruin any edge in your strategy. After all, one cannot be expected to perform well on a task that was forced against his will.

One of the things I learned from profitable traders is that every strategy has its own "niche" that can be "modified" in order to fit into my personality.

For example I used Classical Chart Principles as a basis to my trading plan. A great trader I knew from a book uses Classical Chart Principles to trade daily charts patterns such as Head & Shoulders pattern, channel pattern etc. Personally, I find trading daily chart too fast paced and there are too many unreliable trading signals. Overall, the strategy is a proven one (20 years of history) and he is still making a profit but the drawdown of 30% is just too much for me to handle.

Instead of following exactly what he does, I modified his plan by focusing trades on weekly charts where there are more reliable trading signals (hence lower drawdowns) and also only patterns with horizontal lines (right angles triangles, rectangle instead of patterns with diagonal lines like the symmetrical triangles). This is one way how a trading plan can be modified to fit your personality.

This is why no two traders will make the same profits from the same strategy. Just my two cents.

Best strategy: don't lose your money.