What are the most effective Forex techniques?

My answer to What are the most effective Forex techniques?

Answer by Ana Fuata:

I don’t think that having a technique is important in winning your trades. What is more effective is knowing what the market is doing and why it is doing what it is doing.

Once you understand that, then the next thing is having that courage to stay in a fluctuating market until your target is reached. This is where forex trading is the most tricky – and most of the time, the market will look hopeless and it will look like it is going against you – BUT knowing why it is acting the way it is is key to a successful trade because you will not panic or have a need to react to it but instead you will let it pass through peacefully and collect your gain after it’s all over.

Trading is almost the same as waiting for a storm to pass – All you need is to sit tight and wait it out – it will pass eventually

What are the most effective Forex techniques?

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