The Best Forex Trading Strategies Revealed

The one thing consistently profitable Forex traders all have in common is strategy. There are a number of different strategies traders can employ in Forex, but the important thing is that one is devised and adhered to, without fail. It takes time and effort to build a strategy you can be comfortable and confident with and it must fit both your trading style and your lifestyle. Here are three trading styles that often suit the novice Forex trader.

Indicator Forex Strategies

Standard Forex charts can be used by anyone with access to charting software and these are the foundation of the indicator Forex strategy. Using chart indicators is recommended for traders who prefer technical analysis above all else. Specific indicator Forex strategies include:

• Moving Average Cross Strategy.
• Parabolic SAR Strategy.
• Stochastic Oscillator Strategy.
• MACD Divergence Forex Strategy.
• Combined Stochastic Oscillator/MA Strategy.
• Price Action Forex Strategies
  
  
  Based purely on price action, this Forex strategy is designed for traders who shun charts and fundamental indicators. All types of trader can be successful with these strategies provided they are comfortable with keeping up with market news and making decisions at pace. Specific price action Forex strategies include:
  • Inside Bar Strategy.
  • Simple Price Based Trading System.
  • Martingale Trading System.
  • Scalping Forex Strategy.
  • Support and Resistance Strategy.
  • Fundamental Forex Strategies
  Interest rates and macroeconomic statistics are the focus of fundamental Forex strategies. These strategies remain popular with long-term traders and have proven beneficial. Specific fundamental Forex strategies include:
  • Important News Trading Strategy.
  • Carry Trade Strategy.
  • Wednesday AUD/JPY Strategy.
  • Forex Gap Strategy.
  These are the best Forex trading strategies to trade and win maximum. Keep in touch with us to get detailed strategy wise explanations.