Most excellent forex strategies that you should know. Are you searching for an efficient Forex trading strategy to create high return opportunity on your investment? Now that you learn Forex, there is no hesitation that you need to realize which trading strategy works for you. In this article, we are going to discuss about some Forex strategies that you can consider for improving your trading opportunity. So, let’s check this out!
The Best Trading Strategies to Consider in the Forex Market
Generally, a Forex trading strategy consists of some figure of analysis that day traders employ when determining whether to purchase or sell a currency pair. Traders typically integrate a few of these signs into their Forex trading strategy. At this point, you can actually use a pre-existing strategy or simply build your own. To give you some ideas, here are best trading strategies to consider.
The Bladerunner Trade
This trading strategy is an outstandingly good strategy for EMA crossover. It is considered as a great strategy that can suit across all currency pairs and timeframes. This strategy tries to take breakouts from a continuance and trade the retests. When it comes to the bladerunner strategy, the trading signals are going to be generated based on the pure price movement.
Daily Fibonacci Pivot Trade
Fibonacci is another popular strategy in Forex trading. This strategy combines Fibonacci extensions and retracements with every day, weekly, monthly and even annual pivots. The main point of this strategy is the use of combination between daily pivots. The best conditions recommended for traders are the Fibonacci retracement levels of 50 percent and the 38 percent of daily central pivot.
Forex Overlapping Fibonacci Trade
Next, there is also overlapping Fibonacci strategy which becomes a lot of traders’ favorite as well. When this strategy is used unaccompanied, the reliability of this strategy can be a bit lower compared to some of other trading strategies we are talking about there. However, when it is used in related to suitable confirming signals, this strategy can be highly accurate for you.
London Hammer Trade
The additional volatility you gain when London opens represents such unique chances in the Forex market. The London Hammer Trade is a strategy to capitalize these chances. Particularly accurate in the period of London session, this strategy can be utilized at any time especially when price tends to be taking off powerfully in a single direction and potentially reversing from a part of support/resistance.
Simple Moving Average Trade
This is another trading strategy that you might love to try. Simple Moving Average or SMA trading strategy intends to present the highest potential return for the sum of risk assumed. This strategy measures a value of security in the period of certain time frame in order to provide traders an enhanced signal of when to purchase or sell particular currency pair.
The Pop and Stop Trade
If you have ever attempted to pursue price when it jumps away to the upside, just to experience the predictable loss when it only reserves fast, you are going to love the secret of this pop and stop trading strategy in your trader’s weapon store. There is actually an easy do: simply decide whether or not the price will continue in its direction.
Forex Fractal Trade
The last but not least, there is also Forex fractal. This strategy is not merely a tactic but also a concept to understand if you want to learn how the price is doing, what is making it move and why it is doing it. Now, you can learn Forex especially go deeper to each of the strategy until you can find the best one.