2015-10-08 | 20099 Print PDF
There are lots of topics on Forex Trading Strategies for beginners, but I will be bringing into board the different types of Forex trading Strategies you can easily employ in your trading market.
One of the most adaptive tactics will be for beginners to duplicate or emulate every forex strategies used by experience Forex traders, below are list of forex trading strategies you can use, simply click on the headlines to get more information on them.
The Bladerunner is an exceptionally good EMA crossover strategy, suitable across all time frames and currency pairs. It is a trending strategy that tries to pick breakouts from a continuation and trade the retests.
Fibonacci Pivot Trades combine Fibonacci retracements and extensions with daily, weekly, monthly and even yearly pivots. The emphasis in the discussion here is on using these combinations with daily pivots only, but the idea can easily be extended to longer time frames incorporating any combination of pivots.
The Bolly Band Bounce Trade is perfect in a ranging market. Many traders use it in combination with confirming signals, to great effect. If Bollinger Bands appeal to you, this one is well worth a look.
The Dual Stochastic Trade users two stochastics – one slow and one fast – in combination to pick areas where price is trending but overextended in a short term retracement, and about to snap back into a continuation of the trend.
Overlapping Fibonacci trades are the favorites of some traders I have known. If used on their own, their reliability can be a little lower than some of the other strategies, but if you use them in conjunction with appropriate confirming signals, they can be extremely accurate.
The extra volatility you get when London opens presents some unique opportunities. The London Hammer Trade is my take on an attempt to capitalize on these opportunities. Especially effective during the London session, it can be used at any time when price is likely to be taking off strongly in one direction, and possibly reversing from an area of support/resistance just as strongly.
As mentioned above, the Bladerunner is a trend following strategy. The Bladerunner reversal just as effectively picks entries from situations where the trend reverses and price begins to trade on the other side of the EMA’s.
If you’ve ever tried to chase price when it bounds away to the upside, only to suffer the inevitable loss when it just as quickly reverses, you will want the secret of the pop and stop trade in your trader’s arsenal. There is a simple trick to determining whether or not price will continue in the direction of the breakout, and you must know it in order to profit from these situations.
The flip side of the pop and stop, this strategy trades savage breakouts to the downside.
The forex fractal is not just a strategy but a concept of market fundamentals that you really need to know in order to understand what price is doing, why it is doing it, and who is making it move. This is the kind of inside info that took me years and many thousands of dollars to learn. It’s yours here for free, so make use of it There are also several sites on the net offering free strategies. The problem with most of these sites is, as mentioned above, they just give a brief description of each strategy, with little real proof that they work. Consequently, there is a need for greater research on your part before using any of those strategies in your actual trading. Once you have selected a strategy from one of these sources you will of course need to thoroughly back test and forward test it. The various processes for this are covered in Forex Strategy Testing There are also several commercial systems to consider. Since these are more comprehensive than the simple free forex strategies presented above, and thereby fall into the definition of Forex Trading System, they are dealt with separately in the following section, Forex Trading Systems.
You can Download Free FOREX TRADING STRATEGIES FOR BEGINNERS PDF to help you build your own forex trading system easily. Instaforex africa also provide Forex trading tutorials you will Get Free $70 After Training. Instaforex Africa is offering $70 Bonus after 5 days of Forex Trading Tutorial with Instant forex Professionals! You will be required to pay the Forex Trading Tutorial Fee of $69 to be a part of this awesome training that comes with other benefits. Get more details on this free forex training bonus here.