The best forex strategies.

During my trading career on the currency exchange, I have tried a lot of different trading systems and now, I would like to highlight the best Forex strategies.

All of them have one common feature - they provide profit, although each of the options differs in the complexity of application and the level of profit received, so we will dwell on them in more detail.

As in any other business, the choice of a Forex trading strategy should be made taking into account your personal character traits, for example, choleric people are not recommended to trade on long-term time intervals; they will still close the deal before the scheduled date.

And so let’s move on to the review and description of the most profitable trading options.

1. trading strategy is the most profitable and at the same time the most complex and risky; record holders manage to make more than 1000% using it in one month. The basis for obtaining such large profits is the maximum volume of transactions, which is achieved through the use of large leverage.

Trading takes place over short time periods, the deal is closed as soon as the losses reach several points, but the profit is taken to the maximum.

This trading strategy is based more on an analysis of the current situation on the market than on making trend forecasts; traders who have a small deposit at their disposal especially like to use it.

2. Trading on the breakdown of levels is one of the most effective trading options; according to my statistics, more than 70% of transactions opened using it turn out to be profitable. At the same time, it is also suitable for a novice trader, as it is quite easy to use.

To trade you need to follow just a few steps -

Determine the maximum and minimum price levels for your time period.

Place two orders - one to buy, the second to sell at a distance of 10 points from the received levels.

Set stop loss and take profit - stop loss is a level indicator, and take profit can be set at your discretion - as an option, a breakout against trend 30 on trend 15.

3. Trading strategies on news – signals for opening transactions here are economic and political news on the selected currency.

The trading system itself is quite simple; you just need to monitor the release of important news and then open trades in the right direction. In this case, news is tracked for both currencies that are part of the currency pair, this allows you to receive a larger number of signals.

However, it should be taken into account that not all news causes a trend to move and the deal should be opened with some delay.

A detailed description of this Forex strategy can be found at this link - “ Trading on the news ”.

4. Trading in a channel - this method involves building support and resistance lines, between which a price channel is formed. Which allows you to identify patterns in price movement.

An example of such a trading option is the strategy described in the article “ Scalping in a price channel ” and although this strategy is more designed for trading on short time frames, it is perfect for other time periods. It’s just that the price channel itself will be wider.

The best Forex strategies do not provide a 100% guarantee of earnings, but are easier to understand for a trader with any level of training, and success will depend on your personal qualities.