WHAT IS A FOREX TRADING STRATEGY, SYSTEM OR APPROACH?

A forex trading strategy is simply a set of rules telling you when to buy or sell when certain market conditions are met in order to make a profit.
Any forex trading strategy should have these 4 core but basic elements

4 Essential Elements Of A Forex Trading Strategy

1. the condition(s) that should trigger you to buy or sell.
2. where to place your stop loss order,
3. where to place take profit target
4. and the system should have rules on how to manage a trade.

That’s the definition of a what a forex trading strategy is.

If a a trading system that does not have any one of these core elements, the you are going to be left confused in implementation.

To put simply, forex market can be said to be chaotic. So to have order in a chaotic market, you got to have rules.