Having a good trading strategy in the world of trading is a basic requirement for successful trading. From opening trade to generating profits, strategies are the engine of success for forex affiliates.
Before knowing the 5 strategies that we will recommend in this article, it is necessary to remember that forex trading could be very fast, complex, and competitive, so it is necessary to have accurate information on prices and news.
Pay attention! Any of these strategies could make you succeed in the world of forex trading.
5 Strategies You Can Apply For Your Buy-Sell Operations
Which is the best strategy? For forex affiliates, there is no better strategy than that which complies with the set of analyzes used by currency traders, which allows them to execute the best action, decide to buy, or sell at any given time.
Forex Scalping Strategy
It is about creating a lot of small profits in a very short period. It is complex to apply but carries great profitability. To execute it, it is necessary to operate in short times, from 1 to 14 minutes and to execute all the operations allowed by the trading strategy.
It is ideal for investors without aversion to possible risk and with great availability of time.
Positional Trading Strategy
Without a doubt, positional trading represents the most advanced and profitable strategy for forex affiliates, reporting great profits to the people who execute it.
Unlike other forex trading strategies, positional is executed with the highest market timing. It is an opposite method to the scalping strategy since operators must retain their position for weeks, months, and even years.
The NFP trading strategy
Refers to a monthly non-farm payroll report provided by the United States. It is a very important economic report because it has repercussions on the value of the dollar.
Following this report’s publication, the value of the pairs spanning the USD may vary by more than 50 pips, providing an opportunity for investors. However, it is a limited strategy because the report is only published once a month.
Swaps And Carry Trading
With the positional trading strategy, a phenomenon occurs that could either be very positive or very negative. It swaps a term that covers the interest rates you receive for maintaining an open position for more than a day.
Forex affiliates’ strategy is based on the fixed interest rates for each currency, which in the long term could be a great benefit or irreversibly affect earnings.
Counter-Trend Trading Strategy
It is a strategy based on which most of the breaks are not exercised in long-term trends. Therefore, forex affiliates using this strategy seek to have an advantage over the previous trend while setting the minimum and maximum limits.
Generally speaking, this strategy increases the trader’s self-confidence and allows a high margin of success. However, an adequate margin needs to be maintained concerning risk management.… Continue Reading