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Forex Trading Strategies

Whether you are a beginner or looking for more advanced strategies, having the right strategy for trading the forex is fundamental. It takes time and effort to build your own trading strategy or to adapt an existing one to your trading needs and style.

Forex trading strategies involve a combination of indicators and price patterns for the generation of tradeable signals. There are also trading strategies based on fundamental factors, but short term trading strategies generally include some technical components. A good trading strategy should also have money management rules.

Apart from the entry/exit rules and optional money management guidelines, forex trading strategies are often characterized by the list of trading tools required to employ the given strategy. These tools are usually charts, technical or fundamental indicators, some market data or anything else that can be used in trading. When choosing a strategy, you need to understand, which of the required tools you have in possession.

Discretionary Forex Trading Strategies

Strategies that retain some uncertainty and cannot be easily formalized into mathematical rules are called discretionary. Such strategies can be back-tested only manually. They are also prone to emotional errors and various psychological biases. Discretionary trading gives more flexibility than automated trading and allows experienced traders to avoid losses in difficult market situations.

Automated Forex Trading Strategies

Forex strategies that are traded based on strict mathematical rules with no ambiguous conditions and no important trading decisions to be made by the trader are called mechanical, and can easily been automated. A good example of a mechanical system is a moving average cross strategy, where MA periods are given and positions are entered and exited exactly at the point of cross. When working with mechanical trading strategy, it is easy to back-test one and determine its profitability.Mechanical strategies are a good choice for traders knowledgeable in trading automation and back-testing.

  • Automating FX Trading Strategies

    In many markets, such as futures, execution is relatively simple. To sell S&P Futures, there is one central market (the CME) and one rate. To sell GBPCHF, there are countless brokers, banks and electronic trading platforms you could use, all with potentially differing rates.
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  • Fundamental News Trading

    Are you a news trading junkie? Can’t resist the rush that comes with the potential for quick profits (and have the ability to overlook those pesky lightning quick losses)? Have you ever witnessed a major fundamental announcement like the Non-Farm Payroll report, GDP reports,
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  • Long-Term Trend Trading - The Time Advantage!

    “Time” is a paradox. It is something we all want plenty more of yet something we do not, at times, fully appreciate. This is very true for those who enter the trading world looking for quick riches.
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  • Adaptive Trading Systems

    Adaptive Trading Systems (ATS) can mean a lot of things to traders. Generally, it is an automated trading system that ‘adapts’ to market changes in some form.
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  • Working in Multiple Time Frames

    Finding quality trading opportunities can be a challenge even for the most seasoned trader, but your system’s inherent probabilities can be improved when you begin working in multiple time frames.
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  • Trade using Moving Average bounces

    They are versatile, objective and can be used in many different ways. To some traders, moving averages are used to help confirm trend direction, while to others, they are either used to trail their stops or simply to measure momentum in the market. But just how can we make money from them?
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