Strategy for the lazy trader.

This trading option was developed for the stock market, but if desired, you can adapt it for Forex trading.

The strategy for the lazy trader assumes the presence of fairly substantial capital and virtually no use of leverage.

You also need a Forex dealing center that supports long-term trading, since a deal can last from several days to several weeks.

The essence of the Forex strategy itself is quite simple, first we select several popular currency pairs for which the price level is at the lowest or highest level.

In addition, the price must already reverse and begin moving in the opposite direction from the low or high.

To organize the selection process, a currency pair chart on the daily time frame D1 is used, which allows us to see the situation for more than six months.

For example, the EUR/USD rate reached a two-year low of 1.1900 per euro and began to rise last week. Currently, the price has risen to 1.1990. We open a buy trade.

Two conditions must be met: the trade volume must be no more than 1:5 of the trader's deposit, and the trade is closed if the price falls below 1.1900.

The advantages of this strategy are obvious: you open a trade after a reversal at a sufficiently strong level, which increases the chances of a stable trend emerging, and low leverage allows you to ignore any corrections that arise.

The trade is held open until a profit of 200-300 pips is reached, using four-digit quotes.