Can a Forex Trading Tutorial Make You Lose Money?

The most wellknown forex trading strategy is the Martingale Forex Millennium strategy. This forex strategy works by doubling your lot size every time after a losing trade. Obviously this is a high risk trading strategy as you may blow your account. This forex strategy is the only forex trading strategy that works well with high gearing, for example 5001. Many commercial system developers incorporate this forex strategy into their systems. What they do is to take a number of indicators to determine the open and close conditions before a transaction is entered or exited. This already would give them high probability winning trades. On top of that they would apply the Martingale strategy, by doubling up on the lots after each losing trade.

A third strategy is the reversal strategy. Here you would identify the point where the trend is reversing and place orders with the new trend. For example, if the daily EURUSD trend is up, you will use technical analysis or pattern analysis to find the reversing point and to then to confirm the reversal. Once the reversal has been confirmed, you would place a sell order in our example.

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