Forex trading strategies

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Updated: Aug 24, 2022
0/5 Rating
15 Lessons
Advanced
1 hour 44 mins

Very few people are available to trade forex full time. Traders often make their trades at work, lunch, or late at night. The problem with this type of trading is that with such a fluid market, trading sporadically for a small part of the day creates frequent missed opportunities to buy or sell. This could mean a complete loss of funds if a position does not exist before the market moves against you or a lost opportunity to buy at a desirable price. These missed opportunities can spell disaster for the part-time trader.

However, there are strategies that can work based on a part-time schedule. For example, night traders may be limited to the types of currencies they trade based on volumes during the 24-hour cycle. These night traders must employ a trading strategy for specific currency pairs that are most active during night hours. An example would be trading the Australian dollar (AUD)/Japanese yen (JPY) pair or something less well known as the New Zealand dollar (NZD)/JPY or AUD pair. It is extremely useful to look at the correlation between the two currencies when choosing a pair, so having a block of time during the day to study the market and implement trades can lead to a successful strategy. (Learn how to set each stop and limit type when trading currencies. See How to Place Orders with a Forex Broker.)

Course overview

1. Countertrend Strategy

Beginner 2 mins Forex Courses

2. Martingale


3. Soldiers Strategy


4. Scalping


5. Trendline Strategy


6. Price Action


7. Roller Coaster


8. Stop Loss Strategy


9. Pisco Sour Strategy


10. European Open Strategy


11. EMA 10 Pullbacks


12. Forex Arbitrage Strategy


13. News Trading Strategy


14. FX Trading with CFDs


15. MACD Strategy

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