Here we will briefly examine three forex trading strategies that anyone can use quickly. There are simple to understand easy to use they have worked and continue to work and that means big profits longer term.
Let’s look at these forex strategies and why they work …
Many traders make the mistake of thinking that the more you work and the more complicated they make there most likely commercial strategy is working but there is no correlation between working hard and being complicated and currency trading success; you simply judged on their market timing and success of their trading signals.
A simple strategy will have fewer elements to break a complicated in the brutal world of forex trading and make it simple it is always better.
Strategy 1 – Long Term Breakout Trading
Most major trends start from new market highs or lows
This is one of the simplest. and the most effective ways of negotiating the purchase of outbreaks in the table to new highs and sell new lows. Most traders can not do it, because they think they have lost a bit of movement and want to wait for the withdrawal but strong movements, this never happens and they stare at the moving pile up thousands of dollars and not in.
If you focus on long-term valid and time breakouts tickets in a couple of momentum indicators, you can make a lot of money. The key to this strategy forex trading is only for use levels that are considered important by the market.
They occur a few times a year for money, but lead to huge movements and great benefits.
Strategy 2 – 4 Week Rule
This is one of the simplest systems, more profitable currency trading is and was devised by trading legend Richard Donchian. It will make sure you get in on all the main trends of the currency
This system is entirely mechanical (and based on the philosophy of rupture discussed above) and consists of a single rule :.
Buy a new four calendar weeks and sell a new 4 week calendar low and maintain a position in the market at all times.
simple? Yes, but it works -. Test again and see
can also add filters to smooth the equity curve discussed in our other articles
have used this system as part of. our strategy of currency trading for over 20 years and many large retailers have been fans as Richard Dennis so, if it’s good enough for him, it’s good enough for you and me
Strategy 3 -. Trading overbought oversold
The other two strategies mentioned above are long-term now, we will see a short-term strategy for profit -. forex swing trading
Swing trading simply aims to harness overbought oversold situations in the mainstream and you can do this with simple trend lines. All prices are pushed to far up or down, due to greed and fear and just want to trade in these extended levels.
Once you have areas of support or resistance identified, check volatility Bollinger band and then use the final synchronization tool – .. the stochastic to confirm the move
Below , take your profit early and then find the next
Swing trading is fun, requires very little discipline, as they do not have to maintain for long and movements can be learned in a few days.
So there you have 3 simple forex trading strategies for profit that are simple but think they can not be profitable, they are and that can lead to currency trading success long term.
So the top of your essential Forex education and get on the road to profits.