What is the best Forex Trading strategy?
I've heard of many Forex Trading strategies but, I have not been able to find one that would be profitable. Please help me discover that.
Before jumping into active trading with Forex, it's highly recommended that you join any of the free resource trading sites out there. This will allow you to create an account and play around with 'fake' money and see how you perform. Once you start to get the hang of it and see success, then start slowly investing your own money into Forex trading and see what type of success you can find.
This means a trend-following system is the best trading strategy for Forex markets that are quiet and trending. An example of a simple trend-following strategy is a Donchian Trend system. Donchian channels were invented by futures trader Richard Donchian and are indicators of trends being established.
Here is the10 Best Forex Strategies :
The Bladerunner Trade
Daily Fibonacci Pivot Trade
Bolly Band Bounce Trade
Forex Dual Stochastic Trade
Forex Overlapping Fibonacci Trade
London Hammer Trade
The Pop ‘n’ Stop Trade
The Drop ‘n’ Stop Trade
Trading The Forex Fractal
Hi there! Thank you a lot for the tips here. Have you tried binary options though? I would recommend you to take a look at http://xbinop.com/brokers-for-beginners/ You will be able to find some cool tips and strategies for you there. Good luck with it and take care ;)