Simple Forex strategies — simple to use, easy to try out.
This collection of Forex trading strategies and techniques is dedicated to help traders in their research and developing of workable trading styles and trading systems.
Attention all traders: trading strategies are posted for their educational purpose only. Trading rules may be subject to interpretation. Planned risk levels may be increased dramatically under extreme market conditions. Use the ideas and/or modify them to suit your trading style, but only at your own risk. We recommend testing your trading system on a demo account before investing real money.
Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.
We hope you enjoy staying with us!
Edward Revy and my best Forex strategies Team
As you read comments, you'll see that when traders asked me to recommend any particular strategies on this website, I did so. However, from that time all simple strategies have been sorted and moved around, so the old numbering in my answers can be irrelevant for simple strategies. Another point is that every time a new strategy is added, it can be much better than those I recommended to try out months or years ago. So, just take you time and explore our great strategies collection!
Forex strategies revealed
Submitted by Edward Revy on February 28, 2007 - 12:52.
Active Forex trading and constant research enabled us to collect different strategies and techniques in our trading arsenal.
Today our Team is glad to present a new fair Forex trading strategies website where traders can quickly and free explore different Forex strategies and learn trading techniques!
Why do we share our knowledge?
We are traders like others and we like what we do.
There are no secrets about Forex trading, only experience and dedication.
Besides, on the Internet there are countless sellers who offer their strategies and systems for traders ready to pay. we would be surprised if you haven't met one yet! Free or paid — the choice is for traders to make. Our choice is a free collection. We are also going to update our collection each time we discover a new good Forex strategy!
We welcome You today to explore Forex trading strategies and systems with us and hope You find some useful information for yourself that will eventually improve your trading!
Ready to share your ideas with other traders? Post your trading strategy at our forum — join us in our mission to help Forex traders become better traders!
Arena - "If you can picture it, you can build it"
Arena is the software for those who have a good understanding of investing and how to build a strategy, but don't want to code or use programs that give you code that must be tested, re-coded and then tested again. We have all been there, you have worked in finance for years now and you have brilliant ideas of putting a strategy together but you are going to either pay a programmer an arm and a leg to code one strategy for you or your going to build it in something that is slow and clunky. It writes out the code for you; you copy and paste it into MT4, it doesn't hit the target in just the right place you go back and adjust etc, etc, etc.
How To Double The Account In 1 Day?
Forex trading can be fun if you can master the skill of risk management. In my opinion, the most important thing in any trade is risk management. If you risk 30 pips per trade and make 100 pips on average, even if you have a 50% winrate you will be making 350 pips in 10 trades ( 50% winrate means in 10 trades you win 5 trades and you lose 5 trades on average. Winning 5 trades means making 500 pips and losing 5 trades means you lose 150 pips so you make a total of 350 pips).
There is a no 100% winning trade setup. Every trade setup has a probability of failure. When you enter into a trade, you are taking the risk. With a small risk you ensure that if the trade setup fails you will not lose much. The trick lies in entering small and testing the waters. When the trade moves in your favor and you become pretty sure that you have caught a good move, you should open more positions. This will ensure that you multiply your profits manifolds. The important question is how we do it. I use candlesticks a lot in my trading. H4 candle and H1 candle are very important and they can give you very important clues where the price is going and where you should place the stop loss. I don’t bother about M5, M15 but use M30 candles as well as H1 and H4 candles in making my entry and exit decisions. I only open a trade at the close of M30, H1 or H4 candle.
All indicators are lagging and unreliable. The most reliable indicator as said above is price action. In the screenshots you will see Stochastic and MACD oscillator. I use them only 30% of the time while the use candlesticks 70% of the time. Moving averages work as strong support and resistance levels. I use moving averages as support and resistance levels.
How I saved over a million in one year of live trading
About the author:
Martin Pearce, professional forex trader and member of FX Trading Revolution team. He shows the truth about forex and brokers. To contact him, fill in the contact form at the FXTradingRevolution.com website.
How I saved over a million in one year of live trading
Undoubtedly, every trader has already been thinking about how to make their first million by trading on FOREX. They tried a dozen various systems, strategies or indicators that are guaranteed to work, and yet the success dreamt of hasn't arrived yet. Have you really tried everything? Now I would like to show you a bit of a different perspective on how to save your first million with live trading.
This is the tenth year I've been investing in capital markets. Together with my business partners we work as portfolio managers for institutional clients. During our time on the FOREX market we've realized that success in manual trading depends on:
1) The traders abilities - how he can adapt, sense an opportunity for potential profit, and accept trading loss situations;
2) On the broker through whom he realized transactions.
Not even mentioning the importance of choosing a top class broker in normal automatic or even high-frequency trading.
Let me first clarify what costs every realized deal entails in reality. In the following illustrative example from real trading you will see how significant the difference in total costs could be with various brokers.
Advanced strategy #10-a (Complementary to strategy with Trendlines)
Submitted by Andrei Florian
Myron said (here) we draw the trendline by HH (Higher Highs) and HL (Higher Lows) for uptrend and LH (Lower Highs) and LL (Lower Lows) for downtrend. We need a minimum of 2 LH swings for downtrend and a minimum of 2 HL swings for uptrend. We need be a trend follower and ALWAYS go with the trend. These are the words of Myron when the trendline strategy was presented, not mine. So, when the third time the price intersect our line we are looking for buy if we have uptrend line and for sell if we have downtrend line.
For example, on AUD/USD Daily we got a huge and clearly downtrend
Forex Trading Strategy #55 (MACD Forex Binary Options Strategy)
MACD Forex Binary Options Strategy For M5 Timeframe That Is Very Easy, Simple And Powerful
There are many forex binary options strategies available in the market. Trading forex binary options is much simpler as compared to forex. There is no stop loss or take profit. You just need to get the market direction correctly. That’s all. Now this is a very simple forex binary options strategy that uses a few candlestick pattern in combination with MACD. MACD is a very powerful momentum indicator.
Complex trading strategy #24 (Forex Strategy Based on Large Stop-Losses)
Submitted by Adam Green
1. Main Concepts
Beginners must attain sufficient trading expertise and skill in order to be capable of selecting excellent stop-losses and profit targets for all the trades that they execute. These are crucial actions to perfect primarily because Forex has such an erratic and unpredictable character that it can quickly stop-out positions safeguarded by only small stop-losses, e.g.50 pips or less. The subsequent chart demonstrates such a trading situation.
On the above chart, price advanced within a constricted trading range, as displayed towards its left-hand side, before it eventually plunged to the downside. A new short position was subsequently activated safeguarded by a stop-loss located about 50 pips above the previous resistance level. Unluckily, a sizeable bullish price spike caused this trade to exit at a loss.
Trailing Stop EAs for MT4
I've decided to gather the resources about Trailing Stop EAs available today.
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Best Forex Strategies Revealed: Learn from the Pros to Become a Pro!
In order to be successful in FX trading, a currency trader needs to follow a solid forex trading strategy. But unfortunately many forex traders learn by trial and error. They invest some money, dive in and lose their shirt. They try again, with a little more knowledge, and don't lose so much this time. This continues until the trader finally is an old pro and understands the market. Anyone who wants to go this route is welcome to, but it is much more costly and painful than learning from those who went before you. Below are the best forex strategies. Avoid the long, painful trial and error process and start thinking like the pros right away!
Forex Strategy #1: Understand how the system works
Before getting involved, study the market. You will find that there are patterns and certain logic to the markets but not all the time. Understanding odds and probabilities will help you be successful. Keep in mind this is not an exact science but there is a systematic process at work.
Forex Strategy #2: Charting and markup
Another best forex strategy is to chart potential trades and keep track of key indicators. When indicators all point in the same direction, there is likely an opportunity to make a profit. You will want to be able to plot indicators such as moving averages (average value over a set period, shows how much “momentum” the currency has), the Relative Strength Index (RSI measures momentum using a number of excessive buy or sell indicators), stochastics (prediction algorithms based on past performance) and moving average convergence/divergence (the MACD, a momentum indicator, shows the relationship between two moving averages). Using such indicators, you will develop your own charts. You can also add in other predictive indicators.
Forex Strategy #3: Identify entry and exit points
One of the powerful forex trading strategies is to look at the forex indicators carefully. If all of your key indicators point in the same direction, it is a good time to get in the market (entry point). Set a specific point at which you will either cut your losses or take your profit. This is called the exit point. Set this point before trading.
Forex Strategy #4: Manage your money and your risk
What it all boils down to is risk management. First, you get all the facts and find the highest probability of success. Then you determine the best time to acquire and sell. In order to make a profit, though, you have to be judicious with your investments. Because even the highest probability that a trade will succeed can still not pan out, you need to “cover your bets.” Avoid putting “all your eggs in one basket.” Spread out your investments among several high probability positions. If any one of the forex trading strategies does not work out, the chances are in your favor that others will.