Today, the Forex market has gained immense popularity. Traders strive to become not only people with higher financial education, but also ordinary students. The reason for this situation is quite simple - widespread advertising promises huge returns with minimal investment.
At the same time, many so-called traders do not even think about
what Forex strategies are, trading for them seems to be a game in a casino. This approach is fundamentally wrong and can lead to the loss of a significant part of the deposit.
A novice trader may have a question about what, in general, is a trading strategy. Briefly, this concept can be described as a set of rules that under certain circumstances help in the process of trading on the exchange to make a profit or minimize losses. To become a successful trader, it is important not only to correctly develop or choose a strategy, but also to strictly follow it.
Most people who are just starting to delve into stock trading are pathologically afraid of the word "loss." The concept of deposit drawdown (negative result within the trading period) simply does not exist for them. This is successfully used by scammers. They offer for a small fee to purchase materials that will open the Forex break-even strategy to the trader.
A trading technique that brings profit to one trader can easily drive another into a big minus. Therefore, the question of whether there can be a break-even Forex strategy is ambiguous.
There are many reasons for this.
Firstly, a different level of psychological preparedness can affect. Trading on the exchange may be greedy for profit or too afraid of losses. Someone sharp fluctuations in quotes can lead into a stupor, and someone - forced to open rash positions.
Secondly, trading times can vary significantly. Forex is a round-the-clock exchange, trading sessions in different countries take place at different times. Therefore, during the day, the intensity of the price movement can vary significantly.
However, if you try, you can find a trading option that can be called a “break-even strategy”. Forex allows you to make a profit without even delving into the basics of market analysis.
An example of such a trading option is the opening of transactions on the grid. In this case, we initially enter the market at any point at the minimum lot. For example, we prefer bullish strategies and therefore trade on purchases. In the event that the price went up (that is, we begin to make a profit), we sit and rejoice. Moreover, if possible, it is desirable to establish and subsequently move the stop loss signal in the positive area. It is important (if it works, and the deal closes) to start trading from the beginning, that is, reopen the deal at the minimum lot.
In the event that the market goes against us, through a predetermined number of points we again act in the same way, but with an increased lot (by one or two times). So we continue until the market turns around in the right direction, and the result of the transactions becomes positive. In this case, close the transaction and start trading again.
Grid trading may be called a “break-even Forex strategy” with a stretch. A significant movement of the market in the opposite direction to our expectations can lead to a significant drawdown, and sometimes a drain of the deposit. You can avoid this if you correctly calculate the minimum lot in accordance with the size of the deposit. In addition, you can try to combine trading on two grids on one account - on the basis of a bearish and a bullish trend.
There are a lot of other trading principles that may be called the "Forex break-even strategy". But do not forget that success awaits only those traders who are able to constantly develop and can independently bring their current trading strategy and current market conditions into line.