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Each forex trader has their own strategy. Some use well-established forex strategies, some build their own from scratch and others use a combination. Many traders spent hundreds or even thousands of dollars looking for a great trading strategy. However, it's important to develop your own approach. You have to be comfortable with your strategy, and it needs to deliver results.
The two disciplines of fundamental and technical analysis are often set against each other and traders may think that they have to make a choice. This doesn't need to be the case and there is a middle ground. You can consider combining the two approaches as part of your overall investment plan.
Correctly managing your capital and risk exposure is essential when trading Forex. While risk is essentially unavoidable with any form of investment, your exposure to risk doesn't have to be a problem. The key is to manage risk effectively; always ensure that you are comfortable with the level of risk being taken and that you aren't exposing yourself to unsustainable losses.
