When choosing a forex strategy you need to make sure that you are able to identify the following within that strategy –
- What condition must be present before you enter the market
- How to enter the market
- Where should you place your stop order or stop loss if the market goes against you
- Where should you place you limit order to get out when the market moves in your direction.
- How do you manage your trade.
I will definitely tell you more about this- stay tuned!!!!!