Forex Trading Strategies – Which Strategy is Best?

Written by: Dave Green • Thursday, November 15, 2012 • 2 min read

• Last updated: Thursday, November 15, 2012

As you already know, Forex signals can help you improve your trading results and lead to higher profits on your trades. But as I always claim, using Forex signals doesn't mean that you shouldn't also improve your own trading skills by learning Forex strategies. Like in every other field in life, education is important if you want to be a better trader and jump to the next level. If you learn Forex, you can improve your entry and exit strategies, your financial, knowledge, and your trading decisions. The best traders that I know use different Forex trading strategies, combining Forex signals copying and self-trading to lower risks and leverage earnings.

My advice, especially if you are new to the currency market, is to be determined and to spend a couple of hours studying Forex trading strategies every week. I can assure you that it will help. Learn how to read Forex charts, use common strategies, understand basic terminology and read financial news. After all, trading Forex is a serious business.

school of strategies

People often ask me: “Alex, what do you reckon is better? Copying Forex signals or trading by myself?” My answer is always the same: “I can't say which is better, but I can tell you what is best – combining both methods.”

I have mentioned many times in the past how much I like trading with the eToro WebTrader platform. I think that it is the best trading platform in the world, for many reasons, among them is exactly what I have been talking about in this article: Trading with eToro offers you both worlds in the simplest way.

Trading with eToro Webtrader allows you to combine three methods on the same panel:

1. Auto-copying the best ranked traders by choosing who to copy from their OpenBook community

2. Manually-copying FXML signals by following our site

3. Self-trading by placing your own Forex trading strategies

etoro webtrader