Trading in the international foreign exchange market can bring huge profits. At the same time, to get a high score, you need to use effective trading strategies. They are very different. In this article you will learn about the most profitable Forex strategies. With their help, you will be able to earn money constantly. Of course, if you use them correctly.
What are the strategies?
There are many trading systems that traders use to make a profit in the Forex market. All of them can be divided into the following types:Scalping. This means making multiple transactions during the day. This is a short-term type of strategy. Each individual transaction yields little profit. However, the final result can be impressive. On average, transactions last from a few seconds to a few minutes. The effectiveness of this approach to trading is confirmed by the fact that many brokers limit the possibility of such strategies. Therefore, if you decide to become a scalper, take enough time to choose a company to trade forex. Trading day. The intensity of opening/closing transactions of such strategies is lower than scalping. The trader’s task is to determine the main direction of the trend during the day and join it. Such strategies mean opening 1-3 trades. If you do everything right, the profit will be at a high enough level. Elliott wave theory, graphical analysis, as well as various indicators and oscillators are used for day time trading. Trade swings. This means opening the position for a period of 1-3 days. In some cases, the duration of a transaction can be several weeks or even months. Such strategies are popular among those traders who do not have the opportunity to constantly be in front of the trading terminal. Swing trading can be attributed to medium-term strategies. Positional trade. Such strategies are considered long-term. Transactions can take months or even years. Investors use weekly, monthly or annual charts to analyze the market. This is the most relaxed trading style. Potentially, it is able to bring huge profits with minimal risk. Trading positions involves a very careful use of leverage. In one transaction, the profit can be 1000-2000 points. Each option has its pros and cons. You can choose the trading approach that best suits your character. Remember that the most profitable Forex strategies involve careful use of leverage. Overuse of this broker service can lead to very depply consequences.
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