Ok, you need some forex trading strategies to make money trading forex or spot currency. You can use most of the stock trading strategies on this and other stock trading / forex trading websites, but I found if you combine the following currency trading strategies together, they work extremely well:
Elliott Wave- If you have not bothered or studied them before, you could potentially miss a good trading opportunity as every now and then, these wave patterns are literally staring at you including intraday trading and you can project where one wave ends like this video from Elliott Wave International.
Watch the following video to see how you can use it for forex trading.
Tips From a Pro: How To Trade Forex With Elliott Wave
These strategies are are based on the momentum breakout of the Asian's range of certain forex pair when London Market Opens. Some call this The Big Ben breakout strategy, but this person who developed it called it
Gartley Pattern -
This do occur every now and then, including intraday trading. If you day trade on currencies, I suggest you use this
day trading software
that can find this pattern for you on the chart. You can also use the software for end of day data as well.
New Forex Trading Strategies- Trade What You See With This Paint Bar Forex Chart And Rules.
These are the latest and best forex trading strategies that I have come across. It works on all time frames. No need to guess, analyse too much. Just trade what you see and follow the rules.
Last fall, the editor of Elliott Wave International's Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market.
What is a triangle? It's a corrective pattern, meaning that it moves in the direction opposite the primary trend. And, it's very easy to spot on a chart. Here's an idealized diagram of a triangle.
When a triangle ends, the old trend should resume. This allowed Jim to make a very clear forecast for the dollar/yen. Watch this 7-minute video to see the triangle he observed, and the outcome.
Free 14-page eBook: Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success
Elliott Wave International's Senior Currency Strategist Jim Martens pulls from 25+ years of experience using Elliott wave analysis to show how you can put the power of the Wave Principle to work in your forex trading.
article was syndicated by Elliott Wave International and
was originally published under the headline (Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle.
EWI is the world's largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
Learning Other Forex Trading Strategies
If you are quite new to trading forex or want to learn more on how to make money trading currencies using simple currencies trading strategies, I find the following trading strategies from ebooks and video lessons are quite useful for your trading :
Surefire Forex Trading -
This ebook is written by the Mark McRae, the same person who send me details of pivot point trading
technique, and thanks to him, I have made some very profitable trades including intra day trading.
This ebook course covers all the essential forex trading strategies which you can master within a day. You combine certain simple indicators and technical analysis that can consistently and accurately tell you where to get into and out of the market with a massive profit.
You can apply these currency trading strategies, and other stock trading strategies from bonus ebooks to your currency trading.
*New - Sure Fire Forex Trading Competition - Learn Best Forex Trading Strategies That Double Trading Account In 1 Month from twice world competition winner, Toshko Raychev*
Mark McRae ran a few forex trading challenges recently and had exclusive right to the top strategies used by those who achieved biggest gain in 1 month. ( No, I was not in it as I was not available and I do not trade full time, but I received an invitation.)
The result was named New Science Forex which used very simple strategies . You can now use this system to trade once you get a trading signal either manually or via one click button using Trade assistant (Expert advisor on Meta trader platform ).
Daily Analysis On How To Trade GBP-USD,EUR-USD,FTSE100 & Gold
Daily email newsletter on what price to enter the market, where to place stop loss and where to take profit.
Make money in the market while learning at the same time from Alpesh Patel, (the fund manager and authors of numerous books) on "how to analyse the market with fundamental and technical analysis and make the trade ".