Traders use trading strategies to forecast asset prices and maximize profit. The strategy is based on a particular algorithm for opening and closing trades.
There are several types of strategies: - Trend strategies. Assets are traded in the direction of the price chart movement. - Countertrend strategies. Trades are opened at moments of a potential trend reversal.
There are many trading strategies, but there is no perfect one. It is important to choose strategies that match your trading style and focus on them when trading. We recommend having at least a few well-tested strategies in your pocket.