(+) News and Promotions

♞ What Are the Best Forex Trading Strategies That Actually Work?

Forex trading is risky even at the best of times, but it is possible to find strategies that allow you to succeed without risking your livelihood. Top traders have done the work for you by identifying the best Forex trading strategies that actually work.

The Bladerunner Trade

The Bladerunner Trade uses price action to find entry points. It is suitable for all timeframes and currency pairs. It is very popular because it works and requires no indicators.

Daily Fibonacci Pivot Trade

This strategy combines Fibonacci retracements and extensions to find entries. It uses daily pivots only but can incorporate multiple pivots.

Bolly Band Bounce Trade

This strategy is definitely worth considering, as it is ideal for ranging markets. It works better than most other strategies, especially when combined with other confirming signals.

Forex Overlapping Fibonacci Trade

This is a more advanced step after using Fibonacci retracements and extensions. These tools are favored by many traders. Although their reliability tends to be somewhat lower than other strategies, when combined with appropriate confirming signals, they become highly accurate.

The Pop 'n' Stop Trade

This Forex trading strategy helps you predict whether the price of a rising trade will continue to rise or suddenly fall.

Trading the Forex Fractal

This concept is essential when using other strategies. It provides fundamental market insight, which helps you trade more effectively.

Forex scalping

Forex scalping is one of the most common Forex strategies for a good reason—it is also one of the most successful. Some traders avoid scalping because it requires a lot of work. Instead of entering and exiting the market once or twice a day like others, Forex scalpers make several trades throughout the day.

Forex scalping involves regularly capturing small profits rather than aiming for large trades, accumulating wealth only over the long term. It can be done on a minute-by-minute basis, so you must stay focused and be ready to buy and sell within minutes.

Positional trading

Unlike Forex scalping, which requires hours of work each day, positional trading takes just a few hours per week but can still yield significant profits.

Simply put, positional trading involves holding positions for long periods without high leverage to capture major market moves. However, you must monitor currency swaps closely, as these costs can outweigh your profits. You also need strong emotional discipline, as losing trades will test your resolve not to close early.

The advantage of positional trading is that you spend minimal time executing trades. Instead, you focus on analyzing the market and predicting potential moves, which benefits you in the long run.

Find your trade

These are some of the best Forex trading strategies because they work. However, choosing the right one depends entirely on your personality and market situation. There are no guarantees, and some strategies will test your resolve, but if you apply them accurately, you will ultimately succeed.

■ Forex Strategies that Work

ForexExperts Blog