Best forex strategiesDwain Ross 19 / January / 20 Visitors: 378
Best forex strategies
In order to make successful deals, each trader needs to stick to his own strategy. Trading at random, of course, has not brought the long-awaited success and profit to anyone. Even if you are lucky, one day, trying to get your finger in the sky, you will find that luck has left you. After all, forex trading doesn't take guesswork. Rather, it's a mental activity multiplied by knowledge and strategies. That's the kind of strategy we're going to talk about today.
The most profitable forex strategies
It is difficult to name a trading strategy that would not be aimed at making profit. At least, it is illogical. Therefore, all forex trading strategies can be called profitable one way or another. Let's consider one of such popular strategies. The weekly candlestick strategy, called "Va-Bank", has proved to be good both for beginners and professional traders. To use it, you need to set the timeframe W1 in the trading terminal, and then choose, for example, 14 different currency pairs and estimate the size of their candlestick bodies. After that we choose the maximum distance from the opening to closing of the candlestick within one week. It is on this currency pair and open the deal at the beginning of next week.
Important: If the candlestick was bearish, then the position will be long, and if it is bullish, then it will be short.
The Stop Loss should be about 100-140 pips, and Take Profit should be 50-70 pips. In the middle of the week it will be necessary to close the order yourself if Stop Loss and Take Profit have not closed it before. Then we wait again for the beginning of the week and consolidate the success, repeating all that we have already done. But remember that we should not open deals at the end of this week!
Forex Strategy Scalping
Every trader wants to come to profit as soon as possible and prove to himself that trading on financial markets really works. When we talk about quick profits, we mean scalping strategy. It is especially relevant when it comes to Flute on the foreign exchange market. Many people mistakenly believe that it is impossible to make money on the flute, but this is far from it. Traders know that the "sideways" on the time period - is an absolute trend on a small, and therefore, on the timeframes of M5-M15 can be traded at any time, regardless of the situation in the financial market. Scalping strategies also imply trading with a large number of deals, designed for a certain profit in each order. Every day a trader can make, just imagine, up to 1000 trades, and to make trading even more successful, a trader usually uses leverage, "cutting" the profit.
Simple forex strategies
Beginner traders strive to start trading with simple forex strategies. And in this case, news trading is especially popular. It is popular with traders who know all the leverage of the news background on currency pairs. Of course, in this case it is necessary to use pending orders, and then you can not sit constantly at the screen, watching the charts. News that can affect currency pairs do not come out so often, and in order to make the right choice and make a profit, it is best to turn to the analysts of such leading speakers as Artem Deyev and Mykola Korzhenevsky.
Free forex strategies
Every trader knows that the opinion of the crowd in the financial market is often wrong. In case a trader follows the crowd, there is a risk to lose most of the deposit. If you do not want to be among the majority, you should use the mood indicator. The indicator analyzes the position of the majority regarding future changes in the price of this or that trading instrument. Obviously, having evaluated the actions of other market participants, a trader can direct his efforts against the actions of the majority. Such a strategy is based on the opinion that the optimism or pessimism of traders can not be eternal, and one day the market will certainly wait for the reversal. With the sentiment indicator is only left to determine the current bullish or bearish mood and choose the right moment to open a deal. One of such instruments is the indicator "Cayman", developed by leading analysts of AMarkets company, which has proved itself on the financial market. This effective indicator allows a trader to evaluate possible market extrema and predict its reversal at the right time.
The indicator is in the "30-40" zone - we buy it.
2. moving - hold "buy" position (position against the mass of traders).
3. the indicator is fixed above "50" - you can close the buy, fix the profit.
4. Indicator "about 50" - uncertainty, "Cayman" in this case is not indicative.
5. The deal opened in point 1, should be closed at this point (if it was not closed earlier), because the indicator has already fixed above 50.
6. "Cayman" has fixed above the mark "60" - we open in "sell".