FOREX STRATEGIES

What is FOREX STRATEGIES ?

FOREX STRATEGIES

There are many things to consider when trading forex. These choices become even more important for many individual traders because they aren’t trading forex for a living, but are rather part-time traders, with other jobs and commitments. This can make things extremely difficult in a fast moving market like the currency markets, but there are some strategies you can follow to help you have a better chance at success when trading forex, even if you’re a part-time trader.
Choose a time frame to trade and focus on the most active currency pairs during that time frame. If you’re trading full time it makes sense to trade during the U.S. session, because most USD currency pairs will be most active during this time. Many traders won’t have this luxury however, so they need to make a plan that takes into account what currencies are most active during the times that they are trading. Those in the U.S. who trade in the evenings may want to focus on AUD pairs. If you’re trading later in the night (after 9pm EST or 2am GMT) you can also look at other Asian currency pairs such as the Japanese Yen, Hong Kong dollar and Singapore dollar. If you’re a morning person and want to trade at say 4am or 5am EST your best bet is to look into the Euro and Great Britain’s Pound. The point is, no matter when you choose to trade, your best strategy is to focus on the most active currencies during that time frame.
Consider trading longer time frames. Some forex traders focus exclusively on daily and weekly charts and place trades that can last for days and weeks as well. They claim that the market is more predictable when trading these longer time frames. If you’re a part-time trader this may be a good strategy for you to use since you can’t always have your eye on the markets. Even if you’re trading full-time you may want to use this strategy as it gives you the chance to analyze the markets more completely before making a trade. It may not sound as exciting as the fast-paced world of day trading, but it can be just as successful in the long run.
Always have a plan when trading. This is a strategy that applies to everyone. It doesn’t matter if you’re a new or experienced trader, if you’re trading short or long time frames, or if you’re trading based on technical or fundamental analysis. You will always need a plan that includes an entry and exit point, what direction you’ll trade, why you believe the market will move in the direction you choose, and a stop loss level that will take you out of the trade if it doesn’t go as planned. This single strategy should be the backbone of your trading throughout your career.
By using strategies that increase the chance of success and decrease the chance of failure you can survive in the market long enough to gain the experience necessary to become a successful full-time trader. Even when following these strategies you’ll find that the forex markets are risky however, so always be prepared for losses, and have a strategy to deal with those as well as the hope for succesful trades.

tl-icn.png

Choose a Big, Fair and Human Broker.

With a team of top technologThere is a reason why over 2.5 Million Clients Choose UNIVERSAL FOREX TRADE for Forex Trading, Stock Indices Trading, Commodity Trading, Stocks, Metals and Energies Trading.

srv-icn1.png

UNIVERSAL FOREX TRADE Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), the IFSC in Belize (UNIVERSAL FOREX TRADE Global Limited) and by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), adhering to enhanced regulatory standards.

srv-icn2.png

We have clients from over 196 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs.

srv-icn3.png

Size does not matter. At UNIVERSAL FOREX TRADE the client comes first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, and the same level of support. UNIVERSAL FOREX TRADE was founded on these values, and that will not change.

UNIVERSAL FOREX TRADE Market Statistics

Take A Glance At Our Market Data

457,896+

ACCOUNT

938384832+

MONTHLY PAYOUT

1,900,443K

MONTHLY TRADING

Ready to Boost your Income?

Call Us +1 (405) 561-1056

OR

Growing Global Network

WE CAN HELP YOU

With a team of top technology and finance professionals, the nonprofit Lymcoin expands access to low-cost financial services to fight poverty and maximize.

ADDRESS:
11 Wall Street, Lower Man New York, 10005, United States
PHONE:
+1 (405) 561-1056

Copyright © 2014-2020. All rights reserved by