Forex Trading Strategies

Since throwbacks and their opposites, pullbacks, cause panic and early exits, novice traders hate them the most. You can, however, learn to protect your position effectively and even use these patterns to accumulate profit because they tend to occur relatively often, around 20% of the time. Within a continuing uptrend, a pullback occurs when an […]

Indicators like this might intimidate newbie traders just by their name, but they won’t change their minds once they see them on the chart. Indicators such as Ichimoku Kinko Hyo seem complicated and difficult to use, which is why many traders avoid them. Nevertheless, it’s an indicator that traders widely use. We’ll explain it in

A momentum trade relies on taking advantage of a market’s current trend, which may increase or decrease in price as it gains velocity. The currency and stock markets, volatile and liquid, are the most common markets in which momentum trading occurs. Momentum traders can also take advantage of price swings in liquid markets, making short

Investing in the news is a great opportunity you can’t afford to miss. In the forex market, news trading provides the greatest opportunity for profits since it can generate instant profits within minutes. Traders tend to avoid trading the news because it can be intimidating, and they exit their positions before major events or move

When it comes to forex trading, whether or not a trading strategy is good or bad almost entirely determines whether or not it is profitable. The success rate of a trading strategy is the best indicator of its effectiveness. A good trading strategy yields the most profits, while a bad strategy yields a higher loss

Forex traders use this simple strategy to determine which forex trading plan is best for them based on their trading style. The 5-3-1 strategy is particularly beneficial for new traders who might feel overwhelmed by the number of available currency pairs and 24/7 trading hours. These 5, 3, and 1 numbers represent the following We

In a market where ticker tapes never stand still, scalpers profit from small movements. For years, day traders relied on Level 2 bid/ask screens to detect supply and demand imbalances, which differ from the average person’s National Best Bid/Ask Price (NBBO). A profit or loss was booked shortly after the spread returned to balanced conditions

Traders use indicators such as parabolic SAR and parabolic stop and reverse primarily to estimate a given asset’s short-term momentum in the future. A trader can easily use this indicator, developed by the famous technician J Welles Wilder, Jr, to determine where to place stop orders within a trading strategy. (An indicator like this is

In backtesting, a strategy or concept is tested for past profitability manually or systematically. To determine if a trading strategy shows promise and profitability in several markets, a trader can backtest a strategy manually or with backtesting software. This article will focus on manual backtesting since backtesting does not always require software and can be