There are a lot of Forex Trading Strategies, and every one of us has his unique style to trade, that doesn’t stop us to keep on looking, better than we already use.
You might have the best Forex trading strategy already with you, but we just can’t stop learning… and this thing may be the most important lesson ever: Don’t EVER stop learning. Keep reading and testing every strategy you heard, because, if you name isn’t Warren Buffet, then you can do better!
This being said, today I’m going to share with you some Forex trading approaches that may range from beginner to professional level. It’s possible that they may sound really odd, but can make some real money.
1. Have you tried Fibonacci Trading?
I consider this to be one of the best and awesome Forex trading strategy which can only be mastered by an experienced trader. It may be hard for the new ones to understand although. So, I’m just going to teach you some basics about the Fibonacci trading. For more information, just contact me in the contact form below.
We are going to draw a Fibonacci for the day before highest and lowest market values.
In this way, we can make trades that are based on the simple Fibonacci pre-rules.
When to BUY with Fibonacci Trading?
When a Market moves from the top of Fibonacci from 0 to 1, the trade should be done based on
following pre-rules which can bring a win trade very often:
| 0.236 | Buy |
| 0.382 | Target |
| 0.500 | Reversal |
| 0.618 | Buy |
| 0.764 | Target |
When to SELL with Fibonacci Trading?
When a Market is going from the top of Fibonacci from 1 to 0 the trade should be done based on
following pre-rules which can bring a win trade very often:
| 0.764 | Sell |
| 0.618 | Target |
| 0.500 | Reversal |
| 0.382 | Sell |
| 0.236 | Target |
Now that you have learned this, think about trying a 3 days average Fibonacci Forex Trading Strategy and you may discover the best Forex trading strategy that you can find on the internet.
2. And you may laugh, but What is the time frame you follow a trade trend?
The minimum recommended time frame is 15 minutes or above.
We are often tempted to look at 5 minutes, or even 1 minute trading time frame. But this can be deceiving.
Discipline and self control are imperative in this field. Don’t be tempted to trade just because you saw 4 candles of 1 minute time frame green. Stay back, observe, read the news, watch the 15 minutes candles and just after, take action.
3. Position trading
Position trading is a Forex trading strategy that looks to capture the trends in the market. The idea is to catch the “the move” avoiding getting blocked out on the retracements.
Notable: This Forex strategy – Position trading is a longer-term trading method where you are able to hold trades for weeks or even months. Do not forgot about the Swap commission some Forex trading platforms take on long term trades. The good thing of this trade is that you don’t need to spend much time trading because of the long-term trade, and less stress because you won’t be stressed about short term price fluctuations. But the big disadvantage, is that you need large capital to be able to run this Forex trading strategy.
! Important – This Forex Trading Strategies may work different for every user, depending on his trading style and depending what he trades. Test them on demo accounts before try them on real money.
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