Forex blog - how to make some money

Every trader must have his own tactics at Forex. At the beginning of my trials I thought that intraday trading is the best tactics because you don’t know what happens with the market when you are turn off your PC. It’s was hard for me to leave open position for a night. But It’s also hard to seat near computer from morning to evening looking at trading-terminal.

Now I think that the best tactics is day-trading… In day trading positions may be opened for several days or even for several month, it depends of trend which you are using. I use minimal lot for such position and long stop-losses… Stop-loss may be 200-300 or even 500 points and goal (take-profit) is about 1000 points. After you get about 200-300p. of profit you can move your stop-loss to position opening price and add more lots to take maximum profit.  Of course it’s a good tactics only for good trends.