Position trading is a strategy where traders hold positions for longer periods of time, usually weeks or months. Position traders will generally utilise fundamental analysis and economic data. However, when opening a new position, position traders might make use of technical analysis. A position trader may wait until a currency pair reaches a predetermined support level before taking a long position and holding it for a few weeks.

There is presumably less immediacy associated with this type of trading, as traders are not necessarily concerned with intraday prices and generally open fewer positions when compared to other trading strategies. However, as is the case with any kind of trading, traders need to have a firm grasp of market fundamentals and position trading largely relies on fundamental analysis. Simple Moving Average SMA is an important technical indicator and one of the most frequently used trading strategies.

SMA is used to determine if an asset price will move up or down. It is calculated by taking the closing daily price of an asset and dividing it over the total days to get an average. The line that is created by the SMA is then used, along with other technical indicators, to gauge price movements. An SMA line can be of any duration, however, technical traders tend to follow the , and day moving averages. You can test different strategies utilising our charting system.

An exponential moving average gives more importance to recent closing prices. When using these lines, it is advised to take into consideration that they are lagging indicators which may not respond quickly to sharp changes.

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Short-term trading periods might not have enough price indicators to be reliable. However, they do give a clear visual picture of overall trends and can be very useful in currency trading. EMAs place more importance on recent data than on older data, so they tend to be more reactive to price changes than SMAs. A trader using this strategy wants to profit from the difference between the rates, which can be substantial depending on the amount of leverage used. Carry trade is one of the most popular trading strategies in the forex market, but this trading style can be risky; these trades are often highly leveraged and can be overcrowded.

They also use the information to try to get a view on how its value is likely to move relative to another currency in future. Fundamental analysis can be complex, involving the many elements of a country's economic data that can indicate future trade and investment trends.

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It can be simplified by concentrating on a few major indicators. Trend trading is another popular and common forex trading strategy. The technique involves identifying an upward or downward trend in a currency price movement and then choosing trade entry and exit points. These points are based on the positioning of the currency's price within the trend, as well as the trend's relative strength. Trend traders use many different tools to evaluate trends, such as moving averages, relative strength indicators, volume measurements, directional indices and stochastics.

Range trading is a simple and popular strategy based on the idea that prices often hold within a steady and predictable range for a given period of time. Range traders rely on being able to frequently buy and sell at predictable highs and lows of resistance and support, sometimes repeatedly over one or more trading sessions.

Range traders may use some of the same tools as trend traders to identify opportune trade entry and exit levels, including the relative strength index, the commodity channel index and stochastics. Momentum trading and momentum indicators are based on the idea that strong price movements in a particular direction are a good sign that a price trend will continue in that direction for some time. Similarly, weakening movements indicate that a trend has lost strength and could be headed for a reversal.

Momentum strategies may take into account both price and volume, and often use visual analysis tools like oscillators and candlestick charts.

What is a Forex Trading Strategy?

A Skrill wallet lets you keep all your trading funds in one place and move the money between trading platforms when it suits you. Transact with only your Skrill credentials and make every trade quick, convenient and secure. Open a free account. It comes with a commission of 5 EUR 2. Proprietary platform suite: Advanced Trader desktop and web versions.

Advanced Trader web: The web-based version of Advanced Trader requires flash, making it unsupported in most major browsers. Advanced Trader desktop: The desktop version of Advanced Trader, features 49 indicators 17 overlays and 32 studies alongside 16 drawing tools and integrated chart patterns. The platform is Java-based.

Swissquote provides an industry standard offering — streaming news headlines, economic calendar, blog commentary and more. Swissquote also provides analysis and market commentary and publishes a high-quality, bi-monthly magazine. Pepperstone provides forex and CFD traders competitive pricing, outstanding customer service, and one of the largest selections of third-party platforms available.

Easiest forex trading strategy for beginners

Pepperstone also offers a small set of tradeable products but. Pepperstone offers beginner traders a selection of great educational materials and traders can make use of demo accounts , participate in webinars and read educational content. With Pepperstone, traders can learn in the following ways:. Pepperstone is measured as average-risk and is not publicly traded and does not operate a bank.

Pepperstone is authorised by:. Pepperstone is an agency-execution broker and offers a decent range of options on pricing plans, with its commission-based Razor Account being the top choice. Pepperstone offers two pricing models which are dependent on the account type the user wishes to open, ranging from:. The Standard Account : Which incorporates commissions into the prevailing spreads. Fees may also slightly vary, depending on the platform the user choose to trade.

The standard account is commission-free but has higher spreads and is not as competitive as the Razor Account.



Razor Account: The Razor Account can be used with either the MetaTrader MT4 or cTrader platforms and follows a commission-based pricing structure in addition to prevailing spreads. Pepperstone offers an excellent third-party platform. Copy trading: Pepperstone offers. Broad range of third-party social copy-trading platforms and research tools :. While there are multiple methods of trading , the strategies mentioned above have been tried and tested and has an excellent track record.

While different strategies do exist, traders need to assess them and find which works best for them as an individual, as with platforms, tools and broker choice. When a trader picks a strategy to trade with, they should not only do so by considering their level of knowledge in forex but also by doing their own market research. The strategies we have listed can be good for beginners, and professionals alike.

Traders should always start off with the basics, as with any other new undertaking. Keep in mind — everything might seem simple to start, but never underestimate the market and learn each step carefully. A technique that is used by a trader to determine whether to buy or to sell a currency pair at any given time. What are forex trading strategies based on? What are the best forex trading strategies for beginners?

Which timeframe is the best for forex trading? Some traders are most comfortable trading 1-hour charts because it is longer, but not too long and the trade signals are fewer but not too few. This time frame give them enough time to analyze the market without feeling rushed. It is best suited for those traders that require a multi-asset solution. View Share.

Simple Forex Trading Strategies For Beginners

According to research in South Africa, Fusion Markets is an Australian forex company founded in with headquarters […]. All data is delayed by at least 15 minutes. Read Review. Download our free e-book. Download Free ebook PDF. Skip to content Search. What is Ripple? What is Litecoin? Best Brokers. Forex No Deposit Bonus. Open a Bitcoin Wallet.

Broker of the Month. Platinum Trading Academy Perfect for: Beginner to professional Price: Free PTA offers traders a wealth of trading tools, blog posts and video lessons available for free!