The best Forex trading strategy

 Well, Forex trading is no joke. So take it seriously, otherwise, you will pay a lot.

As a Finance Expert, I figure out some best forex strategies. That will help you at any cost.

You see on the website that the forex strategy makes your ways better and it helps to make your profit double. So why not do more research and grab the best strategies for your trading plan.

Here are the deets…

  • Scalping

These are very short-lived trades, possibly held just for just a few minutes. A scalper seeks to quickly beat the bid/offer spread, and skim just a few points of profit before closing. This strategy typically uses tick charts, such as the ones that can be found in MetaTrader 4 Supreme Edition. This trading platform also offers some of the best forex indicators for scaling. In addition, the Forex-1 minute Trading Strategy can be considered an example of this.

Forex-1 minute Strategy

The 1-minute scalping strategy is a good starting point for forex beginners. however, you should be aware that this strategy will demand a certain amount of time and concentration. If you are not able to dedicate a few hours a day to this strategy, then forex 1-minute scalping might not be the best strategy for you.

How does this strategy work? You will need to consider the instruments you will trade, time frame, indicators, and trading sessions:

  1. Instruments: every currency pair
  2. Time frame: 1-minute
  3. Indicators: Stochastic 5,3,3 and 50 EMA, 100 EMA* (available on MetaTrader 4)
  4. Preferred sessions: London, New York- high volatility

In order to determine whether Forex scalping and Forex 1-minute scalping may prove useful for your style of trading, we are going to delve into the advantages of 1-minute scalping.

  1. Less risk exposure, a brief exposure to the market reduce the possibility of running into inauspicious events.
  2. Relatively small movements are easier to achieve, this implies that a larger supply and demand imbalance is required to ensure bigger price changes.
  3. The main logic behind scalping is that smaller moves occur far more frequently than larger ones.
  4. Even when the markets are comparatively quiet, a good forex scalper can utilize many small moves.
  • Day trading

These are trades that are exited before the end of the day, as the name suggests. This removes the chance of being adversely affected by large moves overnight. Day trading strategies are usually the perfect forex trading strategies for beginners. Trades may last only a few hours, and price bars on charts might typically be set to one or two minutes. The 50-pips a day forex strategy is a good example of a day trading strategy.

50-Pips a Day Forex Strategy

This strategy leverages early market moves of certain highly liquid currency pairs. the GBPUSD and EURUSD currency pairs are some of the best currencies to trade using this particular strategy. After the 7 am GTM candlestick closes, traders place two positions or two opposite pending orders. When one of them gets activated by price movements, the other position is automatically canceled. Also, you can get bigger your capital by getting a no-deposit bonus.

The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7 am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to take over the rest. Day Trading and Scalping are both short-term trading strategies. However, remember that the shorter-term implies greater risk, so it is essential to ensure effective risk management.

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