A forex trading strategy is a technique used by a forex trader to determine whether to buy or sell a currency pair at any given time based on technical analysis, or fundamental, news-based events. The trader’s currency strategy is usually made up of trading signals that trigger buy or sell decisions.
In this section of the website, the FX Tuitions team will discuss some of our favorite strategies – starting from the basic one and then kick off to advance multiplex levels.
Hedging Forex is a commonly and viable used strategy to eliminate the risk of loss during uncertainty. There are many trading strategy approaches but the hedging strategy is the most powerful one because it helps to minimize losses and optimize profits during major price movement periods.
Using the scalping trading strategy, a trader is able to find quick trading opportunities to add up profits and to reach great value. It is also profitable even if you trade only a small amount every day. Scalping involves a fairly low degree of risk, allow traders to make a lot of money in almost few years. That is why, a large number of traders new to the markets find the idea of implementing a scalping trading strategy to be appealing.
The support and resistance trading strategy is a very important methodology, found throughout the forex. It works well, highly visual and easy to follow. The big advantage of support and resistance levels is that they are easily distinguished and do not require a high degree of analytical skills. It is suitable for both skilled and novice traders to make nice profits while keeping risk in check.
The Fibonacci trading strategy is one of the most well known and commonly used long-term technical strategies on the forex. Fibonacci numbers are not only frequently used in the financial markets but are also applied to physics, geometry, engineering, and art. In practice, executing a Fibonacci trading strategy in forex is straightforward and intuitive that helps us to balance risk and maximize reward.