There is a popular delusion that Forex is a place to have a quick raise if you are lucky enough. That is why trading Forex is associated with high risks and losses. Traders, who come for an instant profit, usually leave with nothing - they lack patience, education, ability to analyze, the right approach overall.
Luckily, there are still enough people, who know that they can trade better day by day, gaining knowledge and experience, learning from wins and failures. This article is for diligent traders, ready for a controlled risk with a perspective of larger profits. Actually, the strategy we are going to tell you about - if executed correctly - minimizes risks and maximizes profits. The current article centers around the grid trading strategy in Forex.
Main article sections
- The Forex grid trading strategy
- How the grid is formed
- Money management
- Stop loss and take profit
- What assets to choose
- The size of the grid
- Grid intervals
The Forex grid trading strategy
Good news: this trading system is easily automated. That means you do not have to be glued to your computer's screen all day long. Another good news is that grid trading makes profits even when the market is volatile. So no matter where the price moves, the grid is able to pick up the profits from any direction of the price move, in case you have tuned your system correctly, of course. The bad news is that the grid trading system is a rather complicated strategy which requires some trading experience and knowledge. If you haven't traded grid successfully yet, it is high time for us to bring this strategy into the focus of your attention.
Grid trading is a system of trading, mainly popular on Forex. This strategy makes profits from both sideways and trending market. Grid trading helps to maximize the profits while the in-built hedging system minimizes the risks. It assumes placing several buy stop and sell stops orders at certain intervals from the base price simultaneously, in both directions. These buy stop and sell stop orders, placed with several pip intervals build up a trading grid.
Whereas many brokers put restrictions on trading strategies, we can say - all strategies allowed! Test, trade, earn and grow with us. Try grid strategy on our free demo account or download MetaTrader 4 to trade in live now!