Killer Forex Trading Strategies You Can Use Today!

Forex trading strategies are a set of pre-determined rules that you as a trader follow which help you enter or exit the market at the required time with the aim of making a profit ofcourse. Investment companies, hedge funds, banks and traders use trading strategies to allow them make investment decisions. Emotional stress is eased by the use of these strategies in everyday financial market.

(Note: Before setting strategies in place you need to know your Forex trading objectives)

This section covers intermediate to advanced strategies that work for me. Some people are charging outrageous amounts of money to teach these systems. I could be charging you the same too but here they are free. I can guarantee that with good discipline and sound learning, you will find the perfect strategy that works for you and unlock the door to success.

Forex Strategies:

1-2-3 Pattern Strategy

Breakout Method

25 EMA-50 SMA RSI Strategy

MACD Divergence Strategy

Pin Bar Method

Daily Method

Bollinger Bands Stochastic Strategy

Keltner Channel-Williams Strategy

keltner-channel-williams Beating Floor Traders At Their Own Game

• The risk (money you can afford to lose)
• Reward (money you are ready to gain)
• The market volatility
• The style of your trade (is it best suited for short-term or long-term trade)
• The time-frame you are most comfortable with and…
• The currency pairs you looking to trade

The best way to test the profitability of a forex trading strategy is through back testing. Back testing is the use of past historical price data using the given strategy to assess how profitable the system is. This is divided in the number of wins to the number of losses. No system is 100% accurate, if it was, the world would be bombarded with millionaires! However highly profitable system can is around 85-90% accurate.

Strategies can be manually applied as well as automatically done. Manual trading tend to have some disadvantages compared to automated one as you may be tempted to change some rules and become emotionally involved. Manual trading would be best suited for a discipline and experience trader. Automated trading on the other hand takes into consideration the setting that needs to be followed and reacts accordingly. No emotion is involved.

All trading strategies work, the only problem that a lot of traders encounter is that they are not disciplined enough to follow them. If you are new to trading I recommend that you spend time learning the basics first before venturing into applying some of these advanced strategies. Then learn and learn some more, back-test and test those strategies on a demo account until you feel comfortable using them.

Other Great Links:
Penny Pinching
Better Than Insurance