Forex Basic Strategies

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A collection of the most basic strategies

Understanding The N-period Narrow Range Trading Strategy

Introduction There are three states in the market – trend state, channel state, and range state. A trending market is the one where the market makes higher highs or lower

Trading the Forex Market Without Indicators and Still Profiting

Traders believe if they need to trade the forex market, they need to keep up with the - news, fundamental analysis, you must check the various reports, read the currency articles, and then finally use the technical analysis where all the type of indicators are available for you to master them then only start the trading. If you want to avoid these things, then there is another way for you. Price action trading is a simple and effective method you can use to trade the markets successfully. Here you don't need to master the fundamentals or indicators, instead focus purely on what price action is saying.

Trading Price Channels Like A Professional Forex Trader

Introduction One of the most important characteristics of price in the Forex market is that it moves in the form of channels 20-25% of the time. So it is crucial

Forex Momentum Trading Using The ‘Momo Strategy’

Introduction Some traders are extremely patient and wait for the perfect setup while others are extremely impatient and need to see a move in the...

Trading With The Bollinger Band %B Indicator

Introduction If you have experience trading with the Bollinger Bands indicator, you will find it easy to trade with the Bollinger Band %B indicator. The only difference is that, in

How To Trade Options With a Directional Bias Strategy

Introduction A challenging question every trader comes across in his trading career is: whether he should be buying a call option or a put option? Traders establish directional bias by

Timing the Cup and Handle Pattern Using the Trix Indicator

Cup and Handle is a classical reversal chart pattern, defined by William J. O'Neil in his 1988 book "How to Make Money in Stocks"....

Trading the Forex Market Without Using the Stop-Loss Order

A stop loss is an order placed by a trader on any underlying asset, the order remains until the price action reaches that specific...

Using the MACD Oscillator to Trade the Ascending and Descending Triangle

The ascending triangle is known as the continuation pattern because the breakout occurs in the same direction as the trend that is in the place before the pattern forming. It is a bullish pattern that indicates the accumulation and some traders also called it a right-angle triangle. The pattern is first drawn by the horizontal line along with the swing highs and the rising trend line to be drawn at the swing lows. When these two lines met, it forms the ascending triangle pattern. The breakout on the pattern can occur on the upside or downside and if the breakout occurs downside, then the pattern invalid and if the breakout occurs on the upside then only take entry.

Chandelier Exit and Donchain Channel Strategies

In the final article of our five strategy series, we will present one of the most successful strategies containing two not-so-popular indicators. Whatsmore, these...

Renko Charts Trading Strategy

The following strategy example is similar to our previous Heikin Ashi strategy, however, this one is more radical in noise reduction. It is the...

Trading Strategy For the CAD/JPY Currency Pair

In this article what I want to tell you is one of my strategies that is working well in real life using the CAD/JPY...

What Should Know About Trading Ranges Using Support & Resistance?

What is Range trading? It is said that the market only trends for 30% of the time. So it becomes necessary to have a range trading strategy to take advantage

Pivot Trading Strategy – Easiest Way To Trade Pivot Points

Pivot points are the significant levels used by the market technician to determine the future movement and the major support/resistance levels on the price...

How to Trade Your Way From 500€ Up to $1 Million

If we refer to Dan Zanger, Rob Booker, among others, we can say that yes, that they have achieved high returns from relatively small...

Understanding Welles Wilder PSAR Indicator

Introduction The Parabolic Stop and Reverse system was presented by Welles Wilder in his classic book New Concepts in Technical Trading in 1978, and he originally calls it The Parabolic

Turtle Soup +1 Forex Strategy

Important decision-makers are accountable. The decision to conclude a transaction is the trader’s prerogative, which must take into account the behavior of market professionals...

The Best Tools to Trade Pullbacks Effectively

A Pullback is a pause, retracement, or consolidation of a price from the most recent peak during an ongoing trend. The pullback is widely seen as a trading opportunity after the underlying asset experienced a large upside or downside move. For example – Any forex pair is in a strong uptrend, and some healthy news came, and price action dropped back to the most recent support area that indicates the professional traders are booking the profits.

Trading Trend Line Breakouts Using the TEMA Indicator

Trend line breakouts are a price action way to trade the markets. Trend line comes in a different variety of forms, and they can vary in length and significance.  Trend lines are used to get a quick idea of the underlying security direction; also, the traders use them to find out the ascending/descending support and resistance areas on the chart. From lower to higher timeframe trend lines are being used for trading with the trend, countering trend moves and even scalpers used it to scalp the markets.