Forex Basic Strategies

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A collection of the most basic strategies

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...

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.

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...

The ABC pattern: One of the Traders’ Favorites

Trading ABC pattern is one of the most frequently used trading strategies by Forex/financial traders. Once the price makes a breakout, makes a correction, and produces a reversal candle upon finding point C, traders trigger their entry. It is a favorite pattern among all kinds of financial traders. It brings profit at least on 80% occasions. In today’s lesson, we are going to demonstrate an example of an ABC pattern trading.

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

Have You Tried This ‘Power Ranger’ Forex Trading Strategy?

Introduction The forex market either trends or moves in a range. The last strategy was dedicated to trading the range. The strategy we will be...

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"....

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

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.

Trading The ‘Trend Bouncer Strategy’ Using Appropriate Risk Management Techniques

Introduction The activation of a trend can be from a political decision or an improvement in the GDP of the economy. Some other reasons include...

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...

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...

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...

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...

Chaikin Money Flow Custom Trading

Customized strategies usually have rigid structures that are not performing well on other currency pairs or markets. This one we represent in this article...

Timing Buying Entries Using Bullish Pennants and Awesome Oscillator

In this article, we paired the Bullish Pennant trading pattern with Awesome Indicator to identify the trading signals. BULLISH PENNANT PATTERN Bullish Pennant is a continuation...

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

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.

Detailed Instructions for How to Structure Your Forex Trades

In this guide, I only intend to show you how I structure my trading by trading in the currency market. If you can give...

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 The ‘Diamond Pattern’ Can Be Extremely Profitable If Traded Correctly

For the years traders and market technicians often used some of the common and basic technical tools to analyze the market. These are some...

Trading the Stock Exchange Using the Livermore Method

Although I’m a trader of Forex, you have to admit there is likely to be more money to be earned on stocks than on...

Why You Should Spend More Time Working on Strategies

Time, something that forex trading needs a lot of, and there are a lot of different things that you can be spending your time...

Pairing Stochastic With The ‘Double Bottom’ Forex Chart Pattern

The double Bottom is a technical chart pattern, which helps to identify the change in the direction of the selling trend. The pattern looks...