Most people, especially retail traders, start by jumping head first into the Forex Market. This leaves them unprepared and exposed to so many unpredictablefactors. More often than not, this results in great losses in terms of both money and accounts. Some eventually give up while a few learn from this, start reviewing some literature on the topic of Forex Trading Strategies that Work then set up demo accounts to practice on first beforeventuring into real ones. It however still takes them time to breakeven then eventuallyrealize a profit. There is, however, a simpler way around all thishustle and loss. All you needto do is to study the system, pick a Forex Trading strategy that you believe suits you best then test drive it. Some brilliant strategies are discussed here.
- The USDCAD Trend Strategy
The US and Canadian Dollar pair is one of the most traded currency pairs. Its price action is also quite simple to read. This has been used to come up with the USDCAD Trend indicator, which signals the appropriate times to buy or sell. It is generally based on the CCI indicator, but it has more complexity and versatility. This makes it quite intuitive and it can help you make some critical decisions during your currency trading like when to sell, buy, take your profits and even when to cut your losses and put in the stop order. It is quite effective, and with correct execution, it can provide you with up to 5000 pips per month.
- The PipBoxer Reversal Strategy
There are some Forex traders who have caution as their second nature. This build in a fear of rapid change in them, making it difficult to decipher whether the market is about to bottom or top. The PipBoxer Reversal Strategy is the best Forex trading strategy for such people. This method uses the RSI indicator which is an improvement on the Stochastic Oscillator. It provides accurate levels of overbought and oversold markets. It incorporates multiple time frame analysis and comes up with highly accurate reverse signals. It has an easy to read indicator and provides a lower number of false signals as well.
- The Alligator EMA Crossover Strategy
One of the best EMA crossover strategies is the MTF Alligator T3. This is a crossover system that has trend reversal and trend-following strategies incorporated within. This helps it to better predict shifts in the trends, including the current one. Accuracy is further boosted by the six moving averages and their particular parameters within the aggregator
The world of Forex Trading is rather lucrative and enticing, with the ever lingering promise of a great payout or a good return on investment. This is, however, a goal that only a few get to realize the simple fact that retail traders are never willing to stick to and strictly follow a certain strategy. They simply jump from one to another. The above strategies are sound and when followed correctly can bring in a good deal of profit. Some other beneficial strategies are discussed on this page do not fail to stop by and check them out.