Popular Forex Strategies
There are two types of novice traders: the first, upon entering the market, tries to find or create an exclusive and highly profitable strategy, while the second, simply pursues the most popular one.
Moreover, the second category is on the right path; why reinvent the wheel when it's already been invented?
It's much easier to trade like the majority, earn a stable profit, and not waste time searching for clever solutions.
And in most cases, this approach proves to be the right one—the main thing is to strictly follow the basic rules of applying a given strategy.
What are the most popular Forex strategies at the moment?
As expected, the greatest demand is for easy-to-implement trading options that generate high profits.
There is practically no beginner who has not tried his hand at this type of trading.
With mastery of this strategy, you can truly make huge amounts of money, but unfortunately, only a few succeed.
Traders are attracted by the size of the profits and the speed with which they can be earned, but it's simply impossible to describe this strategy in a few words, so we have a whole section dedicated to it on our website - http://time-forex.com/skalping
. 2. News -following – a classic of stock trading, this strategy has existed for almost as long as stock trading itself.
Traders monitor the news, and after it appears, they open trades in the direction of the news.
Essentially, this is the simplest trading strategy; its only drawback is that the market doesn't always react predictably to events, or doesn't react at all.
Despite its simplicity, news trading also has its own unique characteristics; read about them in the article - http://time-forex.com/strategy/torgovlya-na-novostyakh
. 3. Stochastic – or, more precisely, strategies based on the Stochastic indicator , which is often classified as an oscillator because its readings slightly precede the trend. This
is a surprisingly effective and at the same time simple strategy, the essence of which boils down to monitoring the behavior of the indicator lines located in a separate window.
The script provides clear signals to open trades; the trader only needs to wait for them to appear and open the appropriate order.
We discussed this strategy in detail here - http://time-forex.com/strategy/strategiy-stohastik
4. On pending orders - there are many variations based on pending orders, but their essence comes down to one thing - the transaction is opened as soon as the price reaches the planned level.
The main advantage of this strategy is that it almost completely eliminates the psychological factor. The trader sets the conditions, and the trading terminal follows them.
One of the most interesting trading options using pending orders is presented on the page - http://time-forex.com/strategy/strategiya-otlozhennykh-orderov
5. Advisors – trading with advisors can perhaps also be classified as a popular Forex strategy.
Almost half of traders, having tried their hand at independent trading, and those who fail to master the market, turn to trading with advisors.
Each advisor has its own pre-defined strategy; the user only needs to install the robot in the trading terminal and monitor its operation.
This method is rather controversial, but it has a right to exist, as many of these robots trade quite successfully, and with proper capital management, you can really earn good money using them.
You can choose and download Forex advisors here - http://time-forex.com/sovetniki
What strategy do you use?
Surprisingly, one of the least popular strategies in Forex, I prefer long-term investing, meaning finding an asset with good growth prospects and investing in it.
I also often employ a crisis strategy when the price of an asset collapses. Trading can be done on both the price decline and the recovery, depending on the market situation.
