Three Most Basic and Successful Forex Strategies By [ezinearticles/?expert=Anto…]Anton Q Puamanuka There are many forex strategies that traders can practice before ever getting started with actual money. These are well-developed tested systems that have been put together by professionals in the field. For those who really want to learn how to be successful forex traders, these are the fundamentals Trend Following Strategy This is a simple strategy that involves identifying when prices are headed up or down. This trend following strategy is based on the premise that once a trend happens, its unlikely to change. When a specific price move happens, thats a signal for traders to make their move. The trader analyzes the market and after some practice, he learns the trading system and is in a better position to spot the signs. The key is to get in early, hold position until the trend reverses. Because its such an ever-changing, liquid environment, investors are able to move cash around quickly, especially once they learn how to spot the trends and figure out whats going to happen. This type of strategy generates more losing trades than winning so its best to not bet more than your willing to part with. Moving Average System In order to fully participate in this system, you have to know how to read and analyze charts. The basic idea is that you look at a shorter trend average, like a five-day analysis and compare it to a longer 20-day average. If you realize the speed and moment when the shorter trend overtakes the longer term line on the graph, thats the moment to make your move to either buy or hold until your goal is reached. This trend requires a lot of testing between different time periods to get an idea of the best average combination and minimize false signals known as whipsaws. Breakout System This is considered the easiest system to develop and most susceptible to missed marks. Its says that new highs and lows indicate continuing trends. For example, if the closing price exceeds the high price over the past few days, the system determines the exact number of days, then the system will indicate to close all shorts an open a long position. If the days close is below the previous days prices, then traders are indicated to do the opposite, close long and open short. Through practice and honing their judgment, traders can reap success using this system. These are commonly used Forex strategies because they have been tested and proven to work. The key here is to use these basics to develop and master your own system for success. For ALL you need to know about the forex market check out my website at: forexonlinetraders/ Article Source: [EzineArticles/?Three-Most-…] Three Most Basic and Successful Forex Strategies forex trading strategy forex trading strategy that works forex trading strategy with fibonacci retracement forex trading strategy 10 pips a day forex trading strategy pdf forex trading strategy resources forex trading strategy moving average forex trading strategy review forex trading strategy books forex trading strategy for beginners forex trading strategy revealed forex trading strategies australia forex trading strategies and systems forex trading strategies amazon forex trading strategies articles forex trading strategies advanced simple forex trading strategy a quick forex trading price action strategy forex trading strategies expert advisors forex automated trading strategy forex trading strategy blog forex trading strategy builder forex trading strategy by quantum globe inc forex trading strategy best forex trading breakout strategy forex trading strategies beginners forex trading strategies bollinger bands forex trading basic strategy forex trading inside bar strategy forex trading candlestick strategy forex trading correlation strategy forex trading strategies course forex trading strategies daily chart forex trading strategies using candlesticks forex strategy trader not connected forex strategy trader source code cci forex trading strategy conservative forex trading strategy consistent forex trading strategy forex trading strategy download forex trading strategy description forex trading strategy daily forex trading strategies dvd forex trading strategies download free forex strategy trader download forex trading strategy ebook download renko brick forex trading strategy download youtube/watch?v=27yZwH…youtube/watch?v=Nxz4rl… source Tweet
Posted on: Sun, 30 Nov 2014 00:57:49 +0000
© 2015