Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRAINING > Forex Articles


Forex market trading strategies

Forex Articles


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 12-03-2015, 18:23
Moderator
 
Join Date: Mar 2014
Posts: 979
Default Forex market trading strategies

If you strive to become a successful Forex trader, you need to create your personal trading strategy. In the trading practice there is no trading strategy, which could be equally suitable for all traders. Every trader should create a trading strategy by himself, which would be suitable for the trading conditions by all parameters.

There are traders, who are guided only by technical analysis when trading, while others prefer fundamental analysis. But there are such traders, who carry out both technical and fundamental analysis in order to determine the most appropriate points of the market entry and exit.

Technical analysis supposes a concept, that prices are moved by trends. There is an established phrase “trend is your friend”. All the movements on the market have their images, which were studied over years. An absolute understanding of these trends is a guarantee of a correct and efficient trading strategy. There are various analytical instruments, which help to understand all market movements. If you are a beginner, you need to study well every instrument separately in order to get practical knowledge and understanding of these instruments.

As soon as you begin to understand one instrument action, you should start using it and at the same time study other instruments. Support and resistance levels are used in many trading strategies. The support is applied to the price level, which is repeatedly seen as the basis – when the price gets to this level, it has a trend to the price rise. The resistance levels are upper prices, a currency trading is seldom implemented here. Support and resistance levels contain basic price movements only over some period of time. When currency prices break through the price support and resistance levels, they continue to rise. In order to find the support and resistance levels it is necessary to analyse price diagrams of not broken support and resistance levels. The diagram analysis may be implemented during any period of time. The usage of support and resistance levels helps a trader to determine when it is better to enter or leave the market.

Moving average is one more instrument for the trading strategy creation. Simple moving average SMA shows the price in the period of time determined by you. Moving averages are used to remove short-term price fluctuations; it helps to ascertain a broad picture of the market events. Traders use moving average to determine a trend of prices future increase or downturn. If price lines intersect above the moving averages, this trend will likely continue on the market. And vice versa, price lines, which cross below the moving averages, will likely continue descending movement.

To perform a full-fledged analysis of the Forex market, a trader should have several trading instruments in his/her arsenal. If several indicators show that the market began to move in a certain direction, a trader may rather confidently enter the market, relying upon one indicator’s signals.

A fundamental analysis can be performed according to the same scheme. Every trading strategy, developed by a trader, must give clear guiding principles about the time, when it is better to enter or leave the market, and what market movements are expected in the near future. The creation of the individual trading strategy in combination with technical analysis will help you to become more than just a successful trader on the Forex market.



Reply With Quote
  #2  
Old 13-03-2015, 10:28
Level 1 Lasers Member
 
Join Date: Oct 2014
Posts: 18
Default Re: Forex market trading strategies

In some ways these strategies are really helping, but in some other ways it is really lacking. I hope users will consider the good strategies from this post. Thank you for sharing.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Forex Trading Strategies- Patience Arceliar01 Forex Discussion 12 15-02-2012 17:30
Forex Trading Strategies and trading styles Danielc81 Forex Discussion 0 26-02-2011 22:54
Trading Strategies mikehall5226 Forex Systems 4 18-02-2011 20:02
Free Forex Trading Strategies Daily from Asia Forex Mentor asiafore Forex Discussion 2 19-12-2010 14:14
"Free Forex Trading Strategies Daily from Asia Forex Mentor" asiafore Trading Journals 18 27-11-2010 03:24


All times are GMT. The time now is 22:18.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.