As one of the premier signal services in the world, Forex Automoney has quickly grown in popularity and their indicactors are used by thousands of people from many countries. As part of their membership benefits, the company has developed 3 trading strategies which help people receive signals that are right for their specific trading style. This customization option has helped many people trade successfully but some have become confused by the different strategies and which one would be best for them.
Today we are going to help you determine which of Forex Automoney’s strategies you should use.
Intraday is a strategy that is best for full time traders. Since the signals usually come in more than once per day, it’s best to utilize this technique on days when you have more time on your hands to spend trding Forex.
The daily strategy can be equally used by full time and part time traders alike. While this strategy suits full time traders because of it’s flexibility, it also suits full time traders because the signals are still delivered everyday.
This strategy is best for part time or casual traders with wider spreads. Trading based on weekly signals takes much less time and the traders often open longer.
When trading, always remember that, although Forex Automoney is a very accurate signal service, you have to follow their signals in order to maximize profit and diminish your chances of loss. Try not to close a trade early or exit if you feel you have lost money, wait for the signal as real time profit draw downs are an inherent aspect of trading in the Forex market, regardless of what system you are using.