The easiest and simplest strategies for profit

[selena1]

There is no single easiest or simplest strategy for profit in forex trading as it largely depends on an individual trader's style and preference. However, here are a few strategies that may be considered by beginner traders:

1. Price Action Trading: This is a strategy where traders analyze the price movements of a currency pair without using any technical indicators. The idea is to identify patterns and trends in the price movement and make trades based on that analysis.
2. Breakout Trading: This strategy involves looking for key levels of support and resistance in a currency pair's price movements. When the price breaks through one of these levels, traders may enter a position in the direction of the breakout.
3. Trend Trading: This strategy involves identifying the direction of a currency pair's trend and making trades in that direction. Traders may use technical indicators to help identify the trend and potential entry and exit points.
4. Swing Trading: This is a medium-term trading strategy where traders hold positions for several days to weeks. It involves analyzing the price movements of a currency pair to identify potential swing points where the price is likely to reverse.
5. Carry Trading: This strategy involves borrowing currency with a low-interest rate and investing in a currency with a higher interest rate. The goal is to profit from the interest rate differential between the two currencies.

It's important to note that while these strategies may be considered relatively simple, they still require proper risk management and discipline to be successful in the long run.

 

[Jack Reacher]

Knowledge refers to analytical knowledge basically which works in market analysis. But traders are found mostly averse to earning knowledge and they like to jump onto trading directly. You can follow the free educational program provided by Eurotrader trader to strengthen your basics.

 

[Lens1000]

I don't think that there is an easier strategy to win in the forex trading because it is extremely difficult to win if you do not have enough experience to showcase while trading and it is a game that is based on luck as well. Sometimes your level of experience may not help you in the trade and you would record losses. This is why losses is inevitable in forex trading irrespective that you are a professional trader . This is why it is needed to involve risk management while trading and this involves the use of a proper market orders so that you will limit the losses.

 

[FXOchartist]

Yes, each trader has their trading approach in forex trading, it depends on the individual trader who will choose the suitable trading strategy.

The simplest and easiest strategy to making a profit in my view is scalping trading in short term, here we only take a small target of pips like 5-10 pips in a low timeframe, if we can understand the market hence taking small profit will have higher winning trades. However not all traders are suitable for scalping because one loss could lead to emotion, here need to plan trading to avoid over-trading.

Trading using FXOpen broker, I still can't stick to using one strategy, sometimes work scalping, sometimes swing trading, and sometimes as day trading, in the strategy, I like following the trend.