If you want to try diving into the trading waters, RoboForex can be a great place to start. There are countless ways to grow through online trading: buying and selling stocks, cryptocurrencies, commodities, etc. However, you’ll need a good strategy and platform to succeed. For the platform, RoboForex can provide anything you need regarding trades.
Thus, you only need to focus on your trading strategies. If you want to learn about leverage and different trading strategies, we’ve prepared a guide explaining five essential methods to enhance your RoboForex trading strategy.
What is RoboForex Leverage
If you’re ready to start trading big but don’t have enough assets, RoboForex leverage is the way to go. Leverage allows users to access and control more considerable amounts of capital in the market while investing much less.
If you invest $100, you can use the leverage of 1:100 and control $10,000. The highest leverage RoboForex offers is 1:2000, making your $100 turn into $200,000. Since leverage allows you to control more significant amounts of money, it can also significantly increase your potential profits. However, it also increases your possible losses.
Leverage can be highly profitable but also risky. If you want to take advantage of this service, consider local regulations for your country since the maximum leverage of 1:2000 isn’t available worldwide.
How to Enhance Your Trading Strategy
Enhancing your online trading strategy is a must to ensure more profit and higher rewards. RoboForex offers numerous tools to help its users amplify their profits and trades. We’ve picked the five best methods to help you enhance your strategy and easily make more profit.
1. The Surfing Trading
Like many others, this system is based on moving averages or MAs, which display trend directions clearly. The Surfing trading system suggests using the MAs drawn through highs and lows to get a channel. If the price jumps above this channel, that’s your sign to buy it. However, if the signal drops below the channel, the trend is descending, and you should sell it.
The Surfing strategy also uses the RSI in combination with two MAs. This combination and the price position according to the channel will send you signals when to buy and when to sell. Moreover, you can also use a trend indicator to show whether a trend is ascending or descending.
2. The Fishing Trading
The Fishing strategy is usually used in D1 timeframes, meaning you can look at the chart once a day and decide whether you want to trade. One of the main elements of this trading strategy is that it uses a minimal number of indicators – two. One shows trendlines and their breakaways, while the other calculates potential movements.
Traders often decide to use the Fishing strategy due to its D1 timeframe. That means they don’t need to spend unnecessary time on the trading platform; instead, they can check it once a day. Furthermore, this strategy allows traders to follow trends and make decisions accordingly.
3. The Victory Trading
The Victory strategy is based on scalping. In other words, traders can do a lot of intraday trades with modest profit intentions. That involves getting rid of smaller profits. Furthermore, you must use smaller time frames, like M1, M5, and M15 for scalping. Since you must check the platform frequently, the Victory strategy takes time and effort.
There are numerous indicators and parameters that you need to track. However, you can learn what to look for and make fast trades with practice. One of the main reasons people rely on the Victory method is that the risk is minimal, and the strategy is obvious.
4. Woodies CCI Trading
This trading strategy is focused on the indicator known as Woodies CCI, hence the name. If you prefer to analyze the prices yourself, Woodies CCI is the right strategy. You can follow the breakaways of trendlines and bounce off the zero line.
Moreover, you don’t need to follow the price chart precisely; you can also focus on Woodie CCI signals, which point you toward a possible trade. However, this strategy isn’t suitable for beginners. Traders must have some tech analysis knowledge to use Woodies CCI successfully.
5. Three Moving Averages
As the name suggests, this strategy uses three indicators. One shows the direction of a trend, and the other two show whether you need to buy or sell. Since this strategy is one of the oldest, it provides accurate signals and results.
One of the main reasons traders use the Three Moving Averages strategy is that it’s simple and easily back-tested. On the other hand, these signals will be lagging. Fortunately, this strategy uses small MA periods, making the lagging minimal.
Conclusion
Many traders opt for RoboForex to buy and sell stocks and get access to the financial market. RoboForex offers fantastic services to its users, such as leverage, which allows traders to invest smaller capital and gain bigger profits. However, to enhance your performance and trade like a professional, you must try one of the top five trading strategies on RoboForex.
