Unless your strategy is to use a trusted Forex Broker who allows you to copy the trades of the most successful Forex traders, like eToro, then it’s really important that you identify your own trading strategy.

This is because no two people will trade exactly the same. I have traded the Forex market on my own and also in a group, both face-to-face and over Skype. It never ceases to amaze me how two people could look at the same charts and see different things!, When I was trading the Forex market in a group, we all had our own favourite chart patterns, indicators etc. If a chart pattern was obvious to me, no one else could see it in the same way. Another trader would see flag and pennant patterns and I would have no idea what they were talking about! Ofcourse trading the fast moving Forex market in a group can be a good thing, however it can be confusing and distracting too.

This is why it’s essential to identify what works for you to be a successful trader, make consistant profits and money for the long term.