Forex Trading Strategies
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Forex Trading Strategies
A comparison of stock trading and forex trading, enquiring which is more suitable and profitable for differentially capitalized traders.
One of the easier ways to make progress with Forex trading is to “zoom out” from a chart, instead of “zooming in”. By zooming out you can see more and more information, which usually gives an increasingly reliable picture as to whether the price is more likely to up, down, or sideways in the near future. Determining this trend is what successful trading is all about.
Retail Forex traders have two things going for them that they can use to grow their trading accounts, both of which can be easily identified by using freely available price charts. This article will show you how you can succeed at doing both and profit from trend trading.
These kinds of systems have many names but are most commonly known as market cycle systems. It is worth considering carefully whether they are ever worth following.
The GBP can be a great currency to trade for profit as in many ways it is the most predictable of all the major currencies. In this article I am going to highlight a few points that should help you avoid some of losses if you digest them and keep them in mind.
In this article I am going to examine common trading areas to which targets are applied, and evaluate the pros and cons of each to help you create a more flexible trading strategy if desired.
If you had simply bought Gold every evening, and sold it the next morning, you’d have made a ton of money.
As traders, for us to have a shot at consistent profitability, we must be disciplined and adhere to a strict course of action, remain focused, and avoid the 7 Deadly Sins of Trading.
As life seems to be returning to the Gold market, let’s see if it is really time to trade Gold.
A career as a trader can be over in a heartbeat if the trader has not been properly educated to the market’s fickle ways. It is the potential of unlimited riches and income that seduce so many, yet the odds of success are heavily stacked against them. What is it that makes the difference? Why do so few succeed, where most others fail?
In this second part I will explain methods you can use to enhance the profitability of this entry method.
Forex traders searching for a profitable trading method usually look at candlestick analysis, fundamental economics, trends, and overbought or oversold indicators as guidelines for when to enter and exit trades. There is another factor that is often overlooked, but which can be a surprisingly powerful element within a trading strategy: the time of day in Forex trading.
Right now, Crude Oil prices are in major focus, as it is one of the hottest things to trade in the market and has been for some time.
The “Flying Buddha” pattern has been around for a number of years and remains very effective and profitable as a Forex trade entry technique. It can be used in all markets, but is especially suited to Forex.
Pundits often talk about a certain “January Effect” that may or may not occur in stock markets. Forex traders wonder if a similar effect might also take place in the Forex market and, as it's January right now, it seems like a good moment to investigate whether or not some kind of “January effect” exists in Forex.