Forex Basic Strategies

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A collection of the most basic strategies

Significance of Breakout Confirmation or Reversal at Pullback

Breakout trading is one of the most widely used trading strategies in the Forex market. Breakout confirmation is equally important. Without breakout confirmation, a breakout may not work in favor of the traders in many cases. Thus, if we want to have a tremendous rate of winning, we may wait for breakout confirmation or reversal at pullback before taking entry. In today’s lesson, we are going to demonstrate an example of this.

Support, Resistance and Trade Management

-Support and Resistance are the two most important concepts in the financial market. Forex traders strongly rely on support and resistance, as well. Price action traders’ main weapon is support and resistance. In today’s article, we are going to demonstrate an example of how the price reacts to a major level of support and resistance. Let us get started.

Consolidation Length: An Important Aspect of Price Action Trading

In price action trading, new traders at their beginning often ignore an important factor. This leads them towards taking losing entries. In today’s lesson, we are going to demonstrate an example of a winning trade and a losing trade on the same pair. Later, we try to find out what that important factor is.

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 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

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

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

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

The Most Simple Scalping Strategy To Trade The Forex Market!

What is Scalping? Scalping is one of the trading styles in the forex market, which is gaining popularity with the emergence of artificial intelligence and automated trading systems. Nowadays, there

Learning The Art Of Fading In Trading

What is Fading? Fading involves placing trades against the trend to profit from a reversal. Using the concept of fading, a trader will short sell, expecting the momentum to fade

Understanding The Volatility Breakout Strategy

Introduction Breakout trading is one of the most common and popular strategies among traders across the world. In this article, we have added a powerful concept to this strategy, which

You Must Definitely Try These Most Promising Bollinger Bands Strategies

Understanding Bollinger Bands Bollinger Bands is one of the most famous indicators out there, developed by a technical analyst named John Bollinger in the 1980s. This indicator primarily identifies the

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

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

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

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

Trade Breakouts Like A Pro With This ‘Breakout Trading Strategy’

Introduction In previous strategies article, we have discussed the 'Turtle Soup Strategy by fading the Donchian channel.' We hope you tried that strategy. In today’s article, let us discuss how

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