Top types of forex swing trading strategies that actually work. Now that you learn Forex and have known about Forex swing trading, you must start to wonder whether there are some possible strategies to apply for your trading benefit. In fact, there are actually some different types of swing trading strategies to trade foreign exchange. In this article, we are going to discuss about these top swing trading strategies that actually work for you.

Top 5 Forex Swing Trading Strategies That Actually Work

When you want to swing trade, you are offered with various trading strategies that somehow confusing to choose the best one. To help you find some inspirations of the best Forex swing trading strategies out there, the following is the top five different strategies of Forex swing that you can take into account. Without further ado, let’s check the strategies out!

Strategy #1: Trendline Trading Strategy

If you are looking for the best strategy for swing trading, Forex trendline trading is surely one of a kind. It is especially important to learn for you who want to purchase at the bottom while sell at the summit. For this strategy, all you have to do is drawing trendlines and wait for the prices to get in touch with the trendline. 

Strategy #2: Floor Trader Method

When it comes to floor trader method, we can say that this one is the simplest, yet really strong strategy available out there. To make it come to play, all you have to do is waiting for the 9 ema and 18 ema to cross. Once they are crossing, you should wait for the prices to break away and search for a retract to buy/sell.

Strategy #3: Bollinger Band Strategy

Next, there is also Bollinger band trading strategy which utilizes dynamic support and resistance. This strategy is actually simple despite the complicated name. The strategy will be based on dynamic support and resistance concept of Bollinger band lines. If you are not familiar the term dynamic support and resistance yet, you can find the explanation as follow.

Dynamic support denotes to the truth that price is going to fall and hit the lower band line of Bollinger and then bounce back up. Here, the lower Bollinger band like here is considered as the provider of dynamic support to prices. On the other hand, the dynamic resistance refers to the moment price go up and strike the upper band line and rebound down. 

Strategy #4: CCI Moving Average Strategy

If you are looking for another strategy that can be simply adapted, this CCI moving average strategy can be one of the best choices. When it comes to this tactic, all you have to do is acquiring seven and 14 ema on your Forex charts with CCI indicator. This CCI indicator will give additional confirmation layer trailed by reversal candlesticks. 

Strategy #5: Supertrend Forex Strategy

Supertrend Forex trading strategy is another one that you can utilize as swing trader. As you can expect from its name, this tactic is based on the SAR indicator as well as supertrend indicator. Similar to the other strategies above, using this tactic is not complicated at all. You just need to apply the supertrend indicator into your charts to help you making decision. 

Final Thoughts

Therefore, you have known some good strategies to use when you want to do swing trading. Considering some of the advantages that you can gain from this trading style, you can think of using some of the strategies above to start with. The last but not least, continue to learn Forex from reliable resources if your goal is to become a victorious Forex trader.