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, yet also the most complex and risky. Traders using it have achieved returns of over 1000% in a single month. The key to achieving such large profits is maximizing trade volumes, achieved through the use of high leverage.

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

This trading strategy is based more on analyzing the current market situation than on forecasting trend movements; it is especially popular with traders with small deposits.

2. Breakout trading is one of the most effective trading methods. According to my statistics, over 70% of trades opened using it are profitable. At the same time, it's also suitable for beginner traders, as it's quite easy to use.

To trade, you only need to follow a few steps –

Determine the maximum and minimum price levels on your time frame.

Place two orders – one to buy and one to sell at a distance of 10 points from the obtained levels.

Set a stop-loss and take-profit - the stop-loss is the level indicator, and the take-profit can be set at your discretion - for example, a breakout against the trend of 30 along the trend of 15.

3. News trading strategies – signals for opening trades here are economic and political news for the selected currency.

The trading system itself is quite simple: you simply monitor important news releases and then open trades in the desired direction. News is tracked for both currencies in the currency pair, allowing you to receive a wider range of signals.

It is true that it should be taken into account that not all news causes a trend movement and a trade should be opened with some delay.

You can find a detailed description of this forex strategy at this link – “ Trading on the news ”.

4. Channel trading – this method involves constructing support and resistance lines, between which a price channel is formed. This allows one to identify patterns in price movements.

An example of this type of trading is the strategy described in the article " Scalping in a Price Channel ." Although this strategy is more suited for trading on shorter timeframes, it is also suitable for other timeframes. The price channel itself will simply be wider.

The best Forex strategies don't guarantee a 100% profit, but they are easier for traders of any skill level to understand, and success will depend on your personal qualities.