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Best Strategies and How You Can Gain in the Crypto World

Best Strategies and How You Can Gain in the Crypto World

The turtle strategy is famous for having allowed a group of traders to make substantial profits without having previous trading knowledge. In this article, we will of course be interested in this strategy, but the main thing to remember is that it is necessary to have a defined system to which to refer when trading. Obviously, not all are created equal!

The turtle strategy: the principle

Richard Dennis’ bet seems crazy: to transform complete novices into winning traders. And yet, we can say that it was a success! Even if this experience is somewhat dated (1983), the conclusions drawn from it are still valid. The Xtrade review offers the perfect solutions in this case.

The parameters of the turtle strategy

Assets dealt with: currencies, commodities and government bonds. Diversification is important in this strategy and took into account the correlations between the different currencies / assets.

Size of positions: depending on the volatility of the asset. In addition, the amount used to trade was reduced when losses were recorded by the trader. Go for Xtrade and find now the solutions for you.

Exactly the opposite of what most traders do! Often when we register losses on an asset, the first reflex is to persist in its error and to buy / sell new lots in order to “level” its expected gains. We therefore persist in a direction which is, most of the time, wrong. All this is to avoid hitting our little ego.

Market entry signals: the breakout method was applied over a period of 20 or 55 days. It simply means that the orders were placed in the breakout direction (so it is directional trading) when a 20 or 55 day high / low was reached. It is very simple, therefore. Why don’t we do it? Because these breakout signals would be very rare, and most (losing) traders in forex are looking for as many trading opportunities as possible!