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!!!!!