To be able to make winning trades in financial markets, you need an effective trading strategy. Without one, trading turns into nothing more than a guessing game. Today, the internet is full of promises and tips that can be pretty confusing for newbies, making it hard to understand where to find a strategy that actually works. Let’s figure out together how to choose the right path to consistently profitable trading.
First things first, let’s clarify what a trading strategy is. It’s a set of clear rules that determine when and how you open a trade, when you close it (in profit or loss), and how much capital you’re willing to risk. It’s your personal plan that helps you make decisions without letting emotions cloud your judgement and keeps your trading systematic.
Why is this so important? Without a strategy, you’ll trade impulsively, driven by fear or greed, and that, more often than not, ends in disastrous losses. A good trading strategy for Forex or any other market gives you:
Discipline: You follow rules, and not your gut feeling.
Stability: You use a repeatable game plan.
Room for improvement: You can review your results and refine your approach.
Capital protection: Clear rules help you control risk.
Now that we understand why a strategy matters, let’s see where to find one.
Developing your own strategy is the highest level of trading mastery. It requires time, effort, and a willingness to learn from your mistakes, but it gives you profound market understanding.
Price levels: Support and resistance are, metaphorically speaking, what holds your trading fort. You must understand how price behaves around these zones.
Trends: Learn to identify uptrends, downtrends, and sideways markets, and how to trade with or against them.
Candlestick and chart patterns: Hammer, Engulfing, and Head & Shoulders are the patterns that signal potential price moves.
Indicators: Moving Averages, MACD, RSI, Stochastic. Pick a few that fit your approach instead of using everything at once.
Figure out how economic news, such as unemployment data, inflation, and central bank decisions, affects asset prices.
Use an economic calendar to plan out your trades.
Under what conditions (levels, patterns, indicators) will you enter a trade?
Where will you place your stop-loss and take-profit orders?
What risk-to-reward ratio will you maintain? E.g., you risk $100 to earn $200–300.
This isn’t just part of the strategy. It is the very core of it! Never risk more than 1–2% of your entire deposit on a single trade. This is the most important rule for long-term survival.
Before trading with real money, backtest your strategy on historical data and practice on a demo account.
Record every trade in a trading journal. That’s the only way for you to see real patterns in your results and realize what could use some improvement.
For newbies who don’t yet have the time to build their own strategies—or who simply want to get started quickly—ready-to-use strategies can be a great starting point. They provide a foundation you can later refine into your own system.
One popular and effective example is the level breakout strategy. It implies opening a trade when the price breaks out a strong support or resistance level, anticipating that the movement will continue in the same direction. It’s a straightforward and easy-to-use strategy once you understand how levels are formed.
Imagine the price of an asset, EUR/USD for instance, moving within a narrow range for a long time, never rising above 1.1000 (resistance) and never falling below 1.0950 (support).
How the strategy works:
Finding the level: You see that price has approached 1.1000 several times and pulled back; this is a strong resistance level.
Waiting for a breakout: At some point, the price breaks out 1.1000 decisively and consolidates above it.
Entering position: You open a buy trade, expecting the movement to continue after the price breaks out a critical barrier.
Risk management: You place your stop-loss order just below the broken level (for example, at 1.0990) to protect yourself if the breakout turns out to be false.
Profit taking: You set a take-profit order at the next important level or follow your risk-reward ratio.
This is a basic example, but it illustrates the main idea: your job is to identify a key barrier on the chart and trade in the direction of the breakout.
That being said, using a ready-made strategy alone isn’t enough. You must understand how it works, test it out, and adjust it accordingly so that it aligns with your trading style, personality, and preferred timeframe.
At Gerchik & Co, we fully recognize the importance of starting on the right foot. That’s why we’ve created special boxes for traders, offering not only ready-to-use strategies but also essential training.
In the STANDARD BOX, you’ll find two ready-made, proven strategies you can start using immediately.
PREMIUM BOX includes three such strategies, giving you even more trading opportunities
But the most top-tier part of the Boxes is the training from Alex Gerchik. He doesn’t offer a one-size-fits-all secret strategy. Instead, he gives you a full understanding of the market, teaching you how to read price levels and make truly informed decisions. This is what professional trading is all about. It lets you not just copy strategies, but eventually create your own that fits you perfectly. A deep understanding of the market is the cornerstone that helps you build your own trading strategy, even the most complex.
Learning from seasoned traders and mentors is the fastest way to gain proven knowledge and avoid common mistakes.
Courses and webinars: Opt for programs that focus on practice, risk management, and building your own trading plan.
Mentoring: If possible, find an experienced trader who can guide you and provide personal recommendations.
Trading communities: Engaging with other traders, reviewing their trades, and sharing experiences is an incredibly valuable resource.
So, where to get a trading strategy? There are several options to choose from. You can create one yourself based on your expertise and skills, take a ready-made strategy and adapt it, or you can learn directly from professionals. What matters is that you keep developing the said strategy, testing new ideas, and improving your skills.
The thing you must keep in mind is that the most effective trading strategy for Forex or any other market is the one you understand and know like the back of your hand, trust, and can apply consistently while managing your risks.
At Gerchik & Co, we provide all the tools and resources you need to find your path to stable and profitable trading. Learn, practice, and may your trading journey be successful!
Trade with Gerchik & Co
123