Best Forex Trading Strategies

What is a trading strategy?

A strategy is a written set of rules for when you enter, where you exit, and how much you risk. It exists so you do not invent a new plan after the candle has already moved.

No single strategy is best for everyone. Time of day, account size, and temperament matter more than a slogan.

Common styles

Traders usually live in one of these camps:

Trend trading — buy strength or sell weakness once a direction is clear.
Range trading — buy near support, sell near resistance, while price is boxed.
Scalping — many small trades, held minutes or less.
Position trading — hold for days or weeks to capture a larger swing.
News trading — trade around scheduled releases. This desk does not try to catch every print.

For beginners

Start simple: one or two markets, a defined stop, and a demo account until the process is boring. Risk a small fixed percent. Do not use martingale (doubling after a loss) or grid systems that can grow without a hard stop.

How this desk fits

Forex Trading Consultants cards are short-session ideas with a From–Till window. They sit closest to day trading, not buy-and-hold. Use them as one input, not as a replacement for your own rules.

Forex Trading Basics

Instructions

Pending order should be placed as signal arrives (at “From” time). “Till” time is intended to forced exit. Any open trade is “Filled” when “Till” time is about to be reached. Any pending order is “Cancelled” when “Till” time is about to be reached. Use trailing-stop to maximize profit.

Please keep in mind that different brokers give different quotes at a specific point of time. The difference is usually about 5 pips and perhaps more. To overcome this issue Forex Trading Consultants averages quotes from different brokers and provides “average” results. Nevertheless it’s possible that your trade reaches entry/take-profit/stop-loss level when a Forex Trading Consultants trade doesn’t and vice versa due to quote difference.

Disclaimer

Stocks, Options, Binary options, Forex and Future trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary options or futures markets. Don’t trade with money you can’t afford to lose especially with leveraged instruments such as binary options trading, futures trading or forex trading. This website is neither a solicitation nor an offer to Buy/Sell stocks, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. You could lose all of your money fast due to: poor market trading conditions, mechanical error, emotional induced errors, news surprises and earnings releases.

CFTC RULE 4.41 — HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.