Forex Trading: An Introduction to Trading Strategies and Trading Styles
Without rules of engagement, you essentially operate on emotion instead of a well-ordered approach. This is what a trading strategy provides.
Countless Forex trading strategies are available, therefore choosing a suitable approach can be a challenge.
What’s a Trading Strategy?
You may have heard maintaining discipline is key to becoming a successful...
The Original Gartley Pattern
When researching the Gartley pattern, one can come across many different versions, as different authors add their own “two-cents”. Newcomers to technical analysis may therefore have some difficulty identifying the original pattern itself as presented in 1935 by H.M. Gartley himself in his book Profits in the Stock Market,...
How to Trade FX During Volatile Times: Opportunities and Risk Management Strategies
Experienced traders have learned that global financial markets oscillate between periods of low volatility and period of higher volatility. While these different volatility regimes can be specific to a certain market (stocks, bonds, commodities, FX, etc), it’s common to see the magnitude of market movements impact all financial markets...
Trading the Forex Market Using Bullish and Bearish Pennants
Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing.
The problem traders have, though, is deciphering whether the pause in market price is the beginnings of a reversal, or a pullback before proceeding on its initial course.
A chart pattern that places a...
Scalping the Forex Market: A Beginner’s Guide
An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading styles are available.
Although each style differs on holding periods and frequency, position trading, swing trading, day trading and scalping are among the most widely used...
TMT (Trend-Momentum-Trendline) Scalping System
TMT (Trend-Momentum-Trendline) is a trend scalping trading system based on a set of trend indicators and oscillators. It is developed for MetaTrader 4 for working on short timeframes. The system is founded on a trendline breakthrough in the direction of trend and market momentum. That increases the possibility to...
Forex Algorithmic Trading
Algorithmic trading is trading using so-called robots or advisers, mathematical algorithms that can predict the behaviour of a currency pair with high accuracy. Today trading advisers are all the rage because automated trading saves time, effort and nerves, does not require in-depth market knowledge and even beginners can use...
How Long Can I Hold the Position in Forex Trading?
Any position in the Forex market is opened with the aim of obtaining profit. How long a position is open depends on the desire of a trader and a margin (the position can be closed automatically if there are not enough funds to maintain it). That is, the trader...
Is It Possible to Double Your Money Each Day by Trading?
There are many ads online that tell you can double your profits on Forex in just a day. Of course, this is an exaggeration. And yet, it might be possible.
With this article, you will:
Explore the most profitable Forex trading strategy;
See if it is possible to double your...
Best Forex Scalping Method
If you want to start scalping on Forex, you need to rethink your whole infrastructure.
Step 1. Pick a Broker
Scalping is different from casual day trading and tends to cause a lot of problems for brokers due to a high amount of orders. Some brokers don't allow scalping outright; others...
What is Scalping in Forex Trading?
When people are talking about small-time online Forex trading, they almost always talk about scalping. After all, it is one of the most profitable Forex trading strategies — and you can scalp effectively with only 100 USD as your starting capital. However, scalping is also one of the riskiest...
Some Considerations For Moving Stop-Losses
We previously talked about the differences between fixed and moving stop-losses, and if the latter seems like something that could help you with your trading, here are some things you might want to consider.
To reiterate, a moving stop-loss implies setting the stop according to a predetermined indicator, and then...
Fixed Or Moving Stop Losses
Understanding the importance of stop losses, whether you are using them just for security or as an integral part of your strategy, there is still a debate among traders about whether fixed or moving stop losses are better – or, a combination of both.
The easy way out is to...
What Are the Best Strategies for Short-Term Forex Trading?
Short-term trading can be very profitable. However, it is also connected with high risk. Such kind of trading attracts traders with the possibility of quick money. Unlike medium-term and long-term trading, short-term trading focuses mainly on fast decisions to buy or sell. In this article JustForex team evaluates all...
Forex Day Trading Strategies and Tips
Intra-day trading is a set of Forex day trading strategies that demand opening and closing trades on the same day. Considering that markets can only move so far within one day, intra-day traders use relatively riskier trading techniques to accumulate their desired profits. Day trading Forex strategies are more...
What is the Best Forex Day Trading System?
Before moving ahead, let's understand what a Forex trading system is. It is basically a method of trading, buying or selling, which is based on observation and analysis. This helps to determine whether to sell or buy a specific currency at a given time. In other words, it is...
Short Selling – Forex Trading Strategy that Works
Among different strategies for online trading special attention has been given to the idea of Short selling. You definitely heard “go short” phrase from traders during discussions or while studying the basics.
Short selling is used by traders when they can predict the depreciation of one currency. Let's say you...
Low Spread Scalping Strategies
It's always important to know how to exploit the advantage of low spreads in spread trading. It's also good to know that there's a strategy to use while you scalp with low spreads, which may provide you with further opportunities during the day. An FX currency pair may move...
Rising and Falling Wedge Patterns
When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge patterns tend to offer some of the most precision entries as well as some of the most attractive R-multiples in terms of measured-move target areas.
So,...
Finding Great Entries With Fibonacci Analysis
Ancient Maths For Modern Markets
Fibonacci analysis is a classic staple among chart technicians and is used by traders of all levels from all over the world; from successful independent traders right through to automated systems traders. This form of analysis often used by investment banks in their technical research...
Using a Multi-Timeframe Approach
'It pays to know where you are in the bigger picture'.
We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized.
What is a multi-timeframe approach?
It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some...
The Ceaseless Quest for a Perfect Strategy
Although having a well-defined trading strategy is vital to get ahead, some traders (particularly those new to the business) mistakenly believe that this is the be-all and end-all of trading, and therefore pursue perfection.
Sorry to be the ones to burst this bubble, but there is not a perfect strategy...
Scalping Strategies – What is Scalping?
What is Scalping?
Scalping is a trading strategy that relies on making multiple trades over short-term time frames. The trader hopes to capture small profits while, at the same time, restricting their losing trades to a minimum. The strategy also means keeping the negative P&L from non-performing trades to the...
Algorithmic Trading Strategies
What is an Algorithm?
An Algorithm is a set of specific rules instructing particular actions to be taken, or responses to be made when certain events occur. Algorithms combine to form computer software or programs but their history predates the machine information age.
Did You Know?
The origins of algorithms date back...
Trading the Higher Timeframes
Is spending countless hours at your trading desk the kind of freedom you had in mind when you first voyaged into the trading world?
If you are one of those unfortunate souls scrutinizing each pip movement with little to show for it, switching things up to the higher timeframes could...
Using Psychological Levels in your Trading
Plotting support and resistance levels is often a challenging and subjective task. It is also commonly one of the first areas of price action new traders attempt to tackle.
Support and resistance can be established in numerous ways, such as: trendlines, moving averages, pivot point levels, Fibonacci levels, key high/low...
How To Trade Rate Decisions: The Key Factors Affecting Market Reaction
Among the endless stream of economic events hitting wires each month there are a few key events that tend to dominate the action and among those central bank rate decisions are arguably the most important. However, trading these events can be tricky for new traders who don’t yet properly...
Guide to Trading with Divergence: the Background
Divergence-based trading strategies are quite common and often used in tandem with trend following strategies. Perhaps one of the most commonly used technical indicator that comes to mind when using the concept of divergence in forex is the MACD, also known as the moving average convergence divergence. There are...
Understanding Risk:Reward For Real Success
Learn From The Best
First entry into any new endeavour is fraught with challenges and in the pursuit of excellence, the experience is a priceless asset. New traders can, however, expedite their learning process by avoiding the typical mistakes that rookies make and instead listening to and learning from the...
Supply and Demand Trading
In the following article, our objective is simple: to try and shed some light on how one can trade supply and demand on a chart. For those who are new to this concept, you may want to consider checking out this article before continuing as it provides a solid...