Forex Trading Strategies
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Forex Trading Strategies
In Forex, we talk about going long and short all the time without really considering any difference between them. That’s because in Forex there is not really any “long” or “short”: when you are trading a currency pair, you are really spread trading, always long one currency and short another.
If you are interested in using technical analysis to trade Forex and you like to start your trading at around 8am London time, there are some very simple methods you can use to forecast the probable direction and strength of two major currency pairs – EUR/USD and GBP/USD - just by taking a quick look at the Asian range.
A few weeks ago, I wrote an article explaining how the best Forex momentum trading strategy of recent years has been trading USD currency pairs in the direction of the 3 and 6 month trends when they both agree. I did not get into the specifics of how this could be traded, but just used a back test to show how simple opening a position at the beginning of each week, hypothetically, could have made great returns over a recent 14 year period.
Forex seasonality is the term used for the tendencies that certain currencies might have exhibited to move in particular directions at certain times of the calendar year.
The subject of stock splits can cause a lot of confusion for traders and investors in stocks. In this article I am going to explain what stock splits are, why companies choose to split their stock, and finally explore whether stock splits provide any opportunity to traders to generate profit from the market.
Retail Forex brokers began by offering spot Forex, and this is still the mainstay of the business. In spot Forex, the trader buys or sells nominal quantities of one currency in exchange for another currency, seeking to profit from directional moves.
Many traders find that the hardest thing about trading Forex successfully is deciding when to close a trade. This is known as trade exit strategy. In this article I am going to explain why deciding how to close trades is so challenging, and then outlines some useful methods you can experiment with.
Zulutrade is an automated trading broker. It works quite simply: traders are exhibited as mirror signal providers, but Zulutrade can only be used with certain brokers. Find out who can make money with Zulutrade with our latest Forex trading strategies article here.
In this article I will show whether it is really true to say that the Forex market ranges most of the time, and if this turns out to be true, whether there is a simple way to exploit this phenomenon profitably with any forex trading strategies, which are also worthwhile.
There are a few different methods that are used in news trading. Let’s look at each of them in turn and explore the advantages and disadvantages of each, before drawing a conclusion.
In this article, I am going to speak from my own experience, and try to give you an idea of the challenges you will certainly face if you are going to make a living by trading Forex. I hope that forewarned will be forearmed.
One of the easiest and most reliable ways to make money trading Forex is to follow trends and let winning trades run for as long as they will run.
You may have seen the above scenario play out on your charts: you spot a Support and the Support gets broken; the market rises back up and bounces against that previous Support level.
This question is particularly important for anyone who insists on trading anything but the major currency pairs. Find out why you should or shouldn't trade exotic Forex currencies here with our latest Forex education article.
Although I am a Forex trader, I have to admit that there is probably more money to be made in trading stocks than there is in Forex, although it is just a question of degree. Learn how to trade stocks using the Livermore method here.