3 Strategies You Should Try Out

[moonchild]

There are a lot of strategies in Forex, ranging from the ones that uses price action and the ones that uses indicators, in this article we will be focusing on 3 strategies you can try out using pure price action.

1) Support and Resistance: This strategy work in a simple way, you start by drawing your unique levels on the daily timeframe and then moving to 4h timeframe to look for confluence, you buy at the support and sell at the resistance, couple this strategy with Candlesticks patterns and watch your trading results Skyrocket.

2) Candlesticks Patterns: This strategy deals with understanding of Candlesticks and how they move, you can started by studying books about candle sticks where you'll get to learn different patterns and there movements, but when using Candlesticks patterns strategy the hire the timeframe the more accurate the pattern.

3) Moving Averages: EMAs are indicators that can be used as strategies in the markets, we have the EMA 8 and 12, which when it crosses it signifies the change in trend but there is caution here, you shouldn't base your entry on it alone, make sure you have other confluence before going in, to avoid a drawdown or fake signal.

 

[Ithedicious]

Thank you for sharing , even if we have to concentrate or to even think of using this strategy you have mentioned above to start earning in forex it will definitely need someone to be able to explain it better to our understanding how those things really works. Using of support and resistance should mainly be done in situations that we observe a very strong support because in such situation there is likely to be a market reversal.

And I also believe that it will be much easier if we can combine support and resistance with moving averages at the same time , with that I believe the possibility of generating money with forex maybe slightly higher or you have to pass through normal advanced class on how the market can be predicted to high degree of accuracy.
It is a professional skill that we have to dedicate our time to learn and understand how it works.

 

[Dita Walczak]

Spread lies in ask and bid price, referring to the commission taken by brokers. Low spread should be accompanied by low leverage to make your earning average. On the other hand, high spread means your broker is taking high commission from you for each trade opening. Eurotrader offer narrow trading spread in majority of their trading pairs.

 

[Jack Reacher]

Forex is a mammoth field that includes many things to study. So, traders have no alternative but to earn sufficient trading knowledge. Majority of the traders commit this mistake and they are also suffering much for this issue. Eurotrader offer attractive packages for both new and old traders.