Simple Forex strategies — simple to use, easy to try out.
This collection of Forex trading strategies and techniques is dedicated to help traders in their research and developing of workable trading styles and trading systems.
Attention all users: trading strategies are posted for their educational purpose only. Trading rules may be subject to interpretation. Planned risk levels may be increased dramatically under extreme market conditions. Use the ideas and/or modify them to suit your trading style, but only at your own risk. We recommend testing your trading system on demo account before investing real money.
We start from the very simple Forex trading strategies that will help beginner traders to identify entry and exit points and foresee market turns; and we will gradually move to more serious but still simple Forex trading systems.
As we said, simple trading systems are good for beginners, but won't suit more experienced traders. However, if you have just started learning about Forex, do not skip those strategies as they will preserve consistency in your learning. Advanced strategies were all at some point simple, but later were developed by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.
Before we start: two words about Stop Loss orders – they should be set either in fixed amount of pips (you may try to use 27-30 pips with those simple Forex systems) or, if chart permits, slightly over the last highest price swing point.
Screenshots are made from Oanda trading platform.
We hope you enjoy staying with us!