If you are just starting out in this business - or even if you have been doing it for some time but you do not get good results - here we are going to explain the Forex strategies that you should know, learn, and implement from today.
These strategies are proven effective and profitable as long as we learn to apply them systematically. We will show you 5 strategies, analyse each of them, choose the one that most catches your attention, study it in depth, and put it into practice.
● Trend Riding
This strategy is based on following the market trend. Once we identify the trend (bullish, bearish, or lateral), always go in favor of it.
Here, our best friends will be the graphs; through them, we can determine every which trend to follow, aiming to keep losses and reductions to a minimum.
● Breakout Confirmation
Through this strategy, traders seek to take advantage of the moments in which the market loses the trend. It is based on the study and monitoring of the ranges.
It aims to make profits in situations when the price moves out of range, and as a result, follows a predictable path.
● MACD, ADX and SAR Trends
The MACD, ADX and Parabolic SAR are technical indicators designed to negotiate trends in the Forex market. There are a lot of strategies that involve its use and performance.
These allow generating signals of purchase and sale through the recognition of the trend of an asset, thus predicting the movement of the market.
Investors who follow commercial chart patterns manage to profit from repeated situations in which the market produces certain types of results over and over again.
It is mainly based on technical analysis and, common among merchants, the use of graphic patterns such as flags or wedges as support tools for confirming which direction the market will follow.
Setbacks are frequent in the Foreign Exchange, and for some these represent excellent opportunities for profit (as long as they know how to take advantage of them successfully).
A pullback is generated when the trend line or any chart formation is broken, and consequently moving in a direction contrary to the general trend to retest the support level once again.
When you follow your strategies, it is important to keep in mind:
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