Forex Basic Strategies

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A collection of the most basic strategies

Trading The Most Simple Yet Profitable ‘MACD Combo Strategy’!

Introduction Theoretically, trend trading is easy. All we need to do is keep buying as long as we see the price rising and keep selling...

Perfecting The Fibonacci Retracements Trading Strategy

Introduction The Fibonacci tool was developed by Leonardo Pisano, who was born in 1175 AD in Italy. Pisano was one of the greatest mathematicians of the middle ages. He brought

How To Trade The Infamous Turtle Soup Strategy?

In this article, we shall be covering the Turtle soup strategy by fading the Donchian channel, and Connor’s RSI strategy. What is

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.

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...

The ‘Daily High Low’ Based Forex Trading Strategy

Introduction The daily high low based forex trading strategy is a breakout trading strategy from the high and low prices in the daily timeframe. In...

Heard Of The Amazing ’20 Pips Per Day’ Strategy?

Introduction Forex is the most liquid and volatile market in the world. The average pip movement in the major currency pairs is around 100 pips. However, as a retail trader

Using Bollinger Bands to Time the Rectangle Pattern

Trading the markets is an art, which is hard to master but very fruitful in the long run. There are various tools that traders...

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"....

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 The High Low Breakout ‘Asian Forex Session’

The significant advantage of the forex market is it opens 24 hours a day, which provides a couple of trading opportunities to traders around the globe. There are four major trading sessions that exist, the first one of Asia, followed by Frankfurt, London, and New York. All of these are the significant sessions that allow investors to trade even in opening sessions or even in the middle of the night. But not all the trading sessions are equally volatile; for example, London and New York are the biggest sessions where a lot of volume traded, and on the other hand, traders believe that the Frankfurt and Asian sessions are the least traded session in the market.

Using the Donchian Indicator to Trade Price Channels

Trading is a game where one side makes money, and another loses; it's the one bad decision of one trader that is a benefit...

Algorithmic Trading 101

Algorithmic trading (also called automated trading, black-box trading, or algo-trading) uses a computer program that follows a defined set of instructions (an algorithm) to...

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.

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.

Beginners’ Tabula Rasa Advantage: Simple Moving Averages Strategy

We want you to have new ideas popping out about how you can trade different strategies or apply them directly, and that is exactly...

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

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

Everything About The ‘RSI Rollercoaster’ Forex Trading Strategy

Introduction Sometimes it is best to choose the simplest path of trading. The Relative Strength Index (RSI), invented by Welles Wilder, is one of the...

The Case for Average True Range-based Stop-loss Settings

Most traders are taught to use stop-losses based on critical levels. The basic idea is to spot invalidation levels based on previous low or high. The assumption is that by

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