I choose swing trading cause I still have a full time job.. thank you so much for this wonderful post. Hello Rayner, I use the day trading strategy and sometimes the transition trading works too.. thank you. Thank you Rayner. For now im a beginner in trading.

I prefer positional trading. But still lacking for TA and other fundamentals. your videos and books are very educative. Do you have an video on supply and demand? I also would appreciate something on mutilple confluence and entry trigger.

SWING TRADING. GOD WILL CONTINUE TO BLESS AND KEEP YOU. LOVE FROM NIGERIA. Thanks RT for this great and eye opening info for newbies like me. Keep up the good work …. Sir you are talking about the market that we can only trade in three or five markets. If you are talking about asset or other markets such as forex or indices or futures.

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Do you feel lost trying to figure which Forex trading strategies to use? For example: Should you be a day trader, swing trader, position trader, news trader, scalper, or a combination of different forex trading strategies? It can be frustrating, right? But… When you attempt it, it fails you.

Sounds good? Now if your analysis is correct, you could enter at the start of a new trend before anyone else. Nonetheless, using a trend-following approach can be the best forex strategy for trending pairs. Forex trading strategies that work 2 — Swing trading Swing trading is a medium-term trading strategy where you can hold trades for days or even weeks. As a day trader, your concern is to capture the intraday volatility.

An example: Below is the chart of USDCAD 4-hour timeframe at 1. Next… On the minute timeframe, you noticed a Shooting Star has formed which signals selling pressure. You can take a short trade with possible target profit at Support blue box. This is the fastest one among all forex strategies. Now… You noticed the 4-hour timeframe respecting the 20MA.

Now, there are variations of forex strategies for transition trading. The next question is… Which Forex trading strategies suit you best? So before you attempt to trade any forex trading strategies, you MUST consider these 3 questions… 1. Do you want to grow your wealth or make an income from trading? This means you must trade the lower timeframes and spend more hours in front of the screen.

The Forex trading strategies you can use are scalping, day trading, or short-term swing trading. For wealth: If you want to grow your wealth from trading, you can afford to have fewer trading opportunities. This means you can trade the higher timeframes and spend fewer hours in front of the screen.

The forex strategies you can use are swing trading or position trading. How much time can you devote to trading?

This is a no-brainer. Instead, go with a swing or position trading forex trading strategy. But, if you have all the time in the world and enjoy short-term trading, by all means, go ahead.

Does this Forex trading strategy suit you? If you prefer a lower winning rate but larger gains, then go for position trading. Where do you start? The best part? Learn how to draw Support and Resistance I show you how to do it step by step in this training below…. Define your trading timeframe Next, commit to a timeframe you can trade comfortably. So, be honest with yourself and decide on a timeframe that suits you best.

Develop a trading plan Once you know your trading strategy and timeframe, you can develop a trading plan and a forex strategy for it. Let me know your thoughts in the comments below. Share 0. Tweet 0. Beautiful summary of trading! Rated 5 out of 5. I love your teaching. Your review. Your overall rating Select a Rating 5 Stars 4 Stars 3 Stars 2 Stars 1 Star.

Title of your review. Your name. Your email. This review is based on my own experience and is my genuine opinion. Submit your review. You are just great…! Hi Luke, Check out the trading academy. Very Very nice detail guide towards the beginner. hey there! Jarin here from TradingwithRayner Support Team. Hi Bro Rayner, Great information bro.. I think I m day trading… your transition trading really works..

Hi, Well done Rayner in helping us traders!! Happy trading. Hi Brendan I did. Best Regards, Peter van der Meulen. With large size and huge slippage, careers are over in an instant.

Just wanted to know that, What inspires you truly for this amazing work?. As always…no one beats your passion in sharing your knowledge for free.

Big thanks Rayner! Hey AC You can look up firms like Dunn, Mulvaney, Winton as they are hedge funds which employ a Trend Following approach which falls under position trading. Thank you for all the great guidance! Thanks for all that you do for us!! Awesome post Rayner. I am also wishing to know more about transition trading….

really informative article I prefer swing trading…. However I want to both make income as well as build wealth in parallel via trading. Best regards 🙂. But I pay attention to the most obvious levels and ignore the minor ones. Thank you for sharing, Daniel. Very detail and precise article. Thanks for sharing. Glad to hear that! Keep me updated on your progress, cheers! Thank you very much for this article. Where does counter trading fit then?

Hey Rayner, whats up my Friend? Awesome stuff! For example, would the following suggestions work: position trader — using the daily and weekly time frame — MA or DC swing trader — using the 4 hour and 1 hour time frame — MA or DC day trader — using the 15 mins and 5 mins time frame — 20MA or 20 DC scalper — probably the 1 min — 20MA or 20 DC I ask this because its not too clear how effective using, for instance, the MA long term trend , on the 5 mins time frame can be, since the 5 mins time frame seems more suited for traders looking for shorter and quicker opportunities.

They all have a different purpose for it. For example: MA on the 5mins can be used as a long-term trend filter on the 5mins timeframe. And the 20MA can be used to trade strong trends on the 5mins timeframe. Your work is brilliant by the way. i am a beginner and yet to find a strategy. Hi Sajid, Swing trading should be good for you using multiple timeframe analysis. I have a different question. Do you have a trading platform that is proprietary.

If so how much? To help more people grow their wealth from the financial markets without losing their pants. Thank you so much for sharing this information…. it really helps. Hey rayner, please I need to know more on choosing best currency pairs. I learned much more from you than i did from my teacher..

Am a scalper very new to trade but might change to a day trader and then swing. I trade mostly Support and Resistance then TRENDLINE.. hi Rayner, i am using trend following, my entries are pull backs. hi there, i am a newbie trader and im follwing you, sir Rayner Teo. thank you for all the materials available here, it realy helps me a lot..

I use support and resistance combined with an 8 EMA and 20 SMA for entry. Is it good for trading if i use ECN account? day trading, scalping. Thanks for your TAE method, finding a trend using MAs, support and resistance and price action trading methology… I set up a daily chart with four MAs. The four MAs are 20 EMA, 50 EMA, EMA and SMA.

Now here is my thought on how to improve our winning rate using the cycle analysis. Hi Teo, I need your recomendation for a good brokerage firm. Traders can you get so emotional with irrespective of the strategy adopted. Discipline is key. Wow This Article really cuts down the frustration thanks…..

I will like to know more about scalping and day trading and strategy to use. Thanks Mr Rayner. Do you know of any scalping programmes which make a profit? Great advise. I thoroughly enjoy your publications. I now have more to do with candle sticks than human being. Hey Salim. You are most welcome! I am a day trady. But am still looking for more strategies that will work for me best. I did not start Forex Trading yet i am still following your teachings are very interesting.

Thank you for such good advice, I prefer and learn swing trading in the past year. Hi Rayner, Thank you for all your help and videos. Kind regards, Johnny. Hope you can teach us on indices too.

Hi Dube, You are most welcome! I have been position and swing trading. Since covid i was trying intraday trading as well. Thank you for all the valuables information on trading. thanks again for your honesty. Hi Parviz, Thank you! Hi Ade, The journey starts now. Hi Bernardo, You are most welcome. Hi Chiun, Thank you. Your tracking details for the book have been sent to you. I feel like you are teaching me in class Sir thank you for your help.

Me I use Scalping and Day Trading Strategies. Hi Simbarashe, Thanks for contributing! Thanks a lot for being my guru. Iam beginner. The long way to go. I do more of swing trading and also day trading and I am a full-time employee. Hi Ope, Check this post out. Thanks rayner you are doing a great job.

I am a position trader. Hi Onyema, You are most welcome! Check out this video. Hi Benji, Check out this post. Hi Benard, Check this out. Hello my friend! Enjoying you content…… Swing trading is best suited for me! Sir you simply the best and I still want to learn more than what Ive learned from you already.

I wanna trade nas and I need help Thank you. Thanks for your Books and YouTube Videos, it helps beginners like us. Gaining lots of knowledge sir and its free…thank you God bless u sir.

Hi Francis, Check out this post. Hi Rayner! Hi Nicholas, Please contact support. support tradingwithrayner. com Cheers. Keep it going. Swing trading is the forex trading strategy I use, though I am a crypto trader. Your materials are very insightful. I look forward to reading more. I use Swing trading. Hi Daniel, You can make the request through support tradingwithrayner.

I feel like I am more of a day trader. I choose swing trading thanks you so much for this wonderful post. Awesome to hear that,, Mark! But there are actually many types of cycles. And one of them is the trending and non trending cycles. Markets go three times were the trend. And then they go through times where they are not trending. We continue to go out. Let me show you a reversion to the mean type of example. So now we get back into a trending market with SMA going up. Prices going up higher or highest higher lows.

All that great. Come back down now. I love this trade for its simplicity, which also makes it one of the best Forex trading strategies for beginners. Now we get something different instead of praise continuing to go up as the 50 period simple moving average is going up. We actually have price go down below the 50 period simple moving average for the first time and it goes down pretty hard. But guess what? But even then, if you can adapt quickly, you will make an even greater profit.

Randomness and chaos affect all traders, and the more confused they are, the more opportunity you have to strike gold. One more huge benefit of knowing about strategies is that all traders use them. Take a look at our report on the leading forex brokers in the US. The best strategies are those that work, have always worked, and will continue to work in the foreseeable future. We will now list and explain these strategies and rate how beginner-friendly, time consuming, and risky each one is. This strategy consists of looking at a price chart and finding the so-called resistance and support lines.

You can make a resistance line by looking at the highest price points over a certain period and connecting them with a straight line. You can think of a resistance line as an upper price limit of a currency pair—if the price goes beyond it, that means that traders have overbought and that the price will drop very soon.

The support line is just the exact opposite of the resistance line. You just take all the points on the chart where the price dipped and draw a straight line through them. As you can see from the bottom part of this graph, the blue boxes represent peak prices and the red ones represent bottom prices. This tactic only works if the markets are stable and passive. If the prices are going up or down, you need a different approach, and if the prices are too volatile, using range trading might prove impossible.

Nonetheless, this strategy is recommended for complete beginners who are just getting introduced to forex trading. Unlike range trading, this strategy uses price trends to find buying and selling opportunities. Here you must also find the lowest lows in the price chart and the highest highs. Then you should draw lines through them and that will represent the price trend—this can either be an upward or downward trend. So, if the highs are steadily getting higher and the lows are steadily getting higher, this is an upward trend.

That tells you you should buy the currency pair when it dips and sell when the price surpasses the latest high point—or you can hold it for a while and sell when the price grows a lot. Naturally, the approach is the opposite if you have a downward trend on your hands. If the answer to all these is yes, you usually have a steady upward trend on your hands and you can exploit it.

This is a long-term strategy that requires fundamental analysis but also following macroeconomic trends and relevant news. As you can see in the graph above, the places where the prices stay very high for a long time are the head and shoulders points. Finding these areas and drawing a line through them can tell you where the prices are going. In this example, we can see the Germany 30 index.

An important thing to note is the effect that Brexit had on the movement of the price trend—you need to analyze charts and follow the news just so you can take major economic events into your calculations. Check out the top forex trading apps for mobile access to the forex market. Day traders open and close all their positions during the same trading day—nothing is left to sit overnight.

This strategy is all about finding small daily price fluctuations, buying low, and selling high. Trades are executed in a matter of hours, if not minutes, and you usually cannot make high returns on any single one. However, a few trades every day will start to pile up if you do them right—and you will amass enough capital to make every trade count. This chart shows all price dips throughout a single trading day. Upward trending financial instruments are always a good target for day traders. This makes leveraging your trades more viable as the risk-reward ratio is manageable.

Scalping is as time-consuming and profitable as you want it to be. Individual trades are usually opened and closed within a few minutes but you can make as many of these as you want throughout the day. First, you must identify a trend as you would when trend trading—make sure that the price highs are growing and that price lows are moving up as well.

Then, you should buy the dip, hold as the upward movement has momentum, and sell as soon as prices reach the resistance line. This is similar to trend and range trading, but swing traders inspect price trends in a smaller time frame and close trades within a few hours or days. Because swing trading is a short-term strategy, traders only need to focus on price analysis rather than long-term macroeconomic trends and important global developments. This makes swing trading simpler but also relatively risky since price changes are always more hectic on a day-to-day basis.

If both the high and low price points are moving up together, this means you have an upward trend on your hands and that you should enter a long position. If the opposite were true, shorting would be the way to go.

This means borrowing one currency at a low rate and then investing in another currency that provides a higher rate.

You may have heard that maintaining your discipline is a key aspect of trading. While this is true, how can you ensure you enforce that discipline when you are in a trade?

One way to help is to have a range of Forex trading strategies that you can stick to. If your Forex trading strategy is well-reasoned and back-tested, you can be confident that you are using a high-quality Forex trading system that works for you.

That internal confidence will make it easier for you to follow the rules of your Forex strategy and therefore, help to maintain your discipline.

In this ' Forex Trading Strategies ' guide, we cover high forex strategies that you can start to implement today! When it comes to clarifying what the best and most profitable Forex trading strategy is, there really is no single answer. The best Forex trading strategies will be suited to the individual. This means you need to consider your personality and work out the best Forex trading system to suit you. What may work very nicely for someone else may not work for you.

Conversely, a strategy that has been discounted by others may turn out to be right for you. Therefore, experimentation may be required to discover the Forex trading strategies that work. It can also remove those that don't work for you. One of the key aspects to consider is a time frame for your trading style. There are several types of Forex trading strategy styles from short timeframes to long timeframes. These styles have been widely used over the years and still remain a popular choice from the list of the best Forex trading strategies this year.

The best Forex traders always remain aware of the different styles and strategies in their search for how to trade Forex successfully. A lot of the time when people talk about Forex trading strategies, they are talking about a specific trading method that is usually just one facet of a complete trading plan. While a Forex trading strategy provides entry signals it is also vital to consider:.

Scalping - These are very short-lived trades, possibly held just for just a few minutes. This strategy typically uses low time-frame charts, such as the ones that can be found in the MetaTrader 4 Supreme Edition package.

This trading platform also offers some of the best Forex indicators for scalping. The Forex-1 minute Trading Strategy can be considered an example of this trading style. Day trading - These are trades that are exited before the end of the day. This removes the chance of being adversely affected by large moves overnight. Day trading strategies are common among Forex trading strategies for beginners. Trades may last only a few hours, and price bars on charts might typically be set to one or two hours.

Swing trading - Positions held for several days, whereby traders are aiming to profit from short-term price patterns. A swing trader might typically look at bars every half an hour or hour. Positional trading - Long-term trend following, seeking to maximise profit from major shifts in price. A long-term trader would typically look at the end of day charts. The best positional trading strategies require immense patience and discipline on the part of traders.

It requires a good amount of knowledge regarding market fundamentals. Below is a list of trading strategies regarded to be some of the top Forex trading strategies around and how you can trade them, so you can try and find the right one for you.

Did you know that you can learn to trade step-by-step with our brand new educational course, Forex , featuring key insights from professional industry experts? Click the banner below to register for FREE! One of the latest Forex trading strategies to be used is the pips a day Forex strategy which leverages the early market move of certain highly liquid currency pairs.

The GBPUSD and EURUSD currency pairs are some of the best currencies to trade using this particular strategy. After the 7am GMT candlestick closes, traders place two positions or two opposite pending orders. When one of them gets activated by price movements, the other position is automatically cancelled. The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation.

This is implemented to manage risk. After these conditions are set, it is now up to the market to do the rest. Day trading and scalping are both short-term Forex trading strategies. However, remember that shorter-term implies greater risk due to the nature of more trades taken, so it is essential to ensure effective risk management. Below is a screenshot of the MetaTrader 4 trading platform provided by Admirals, showing the EURUSD H1 chart from the Zero.

MT4 account:. Source: Admirals MetaTrader 4, EURUSD, H1 chart between 26 May to 31 May Accessed: 27 April at am BST - Please note: Past performance is not a reliable indicator of future results or future performance. The orange boxes show the 7am bar. In some instances, the next bar did not trade beyond the high or low of the previous bar resulting in no trading setup unless the trader left their orders in the market.

The effectiveness of the 50 pips a day Forex strategy has not been tested over time and merely serves as a platform of ideas for you to build upon. Past performance is not a reliable indicator of future results. The best Forex traders swear by daily charts over more short-term strategies. Compared to the Forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with a Forex daily chart strategy.

Such Forex trade setups could give you over pips a day due to their longer timeframe, which has the potential to result in some of the best Forex trade setups and potentially some of the most successful trading strategies around. Daily Forex strategy signals can be more reliable than lower timeframes, and the potential for profit could also be greater, although there are no guarantees in trading. Traders also don't need to be concerned about daily news and random price fluctuations. The Forex daily strategy is based on three main principles:.

While there are plenty of trading strategy guides available for professional FX traders, the best Forex strategy for consistent profits and creating the most successful trading strategies can only be achieved through extensive practice.

Let's continue the list of trading strategies and look at another one of the best trading strategies. You can take advantage of the minute time frame in this Forex strategy. In regards to the Forex trading strategies resources used for this type of strategy, the MACD is the most suitable which is available on both MetaTrader 4 and MetaTrader 5.

You can enter a long position when the MACD histogram goes above the zero line. The stop loss could be placed at a recent swing low. You can enter a short position when the MACD histogram goes below the zero line.

The stop loss could be placed at a recent swing high. Below is an hourly chart of the AUDUSD. The red lines represent scenarios where the MACD histogram has gone above and below the zero line:. Source: Admirals MetaTrader 4, AUDUSD, H1 chart between 20 May to 31 May While many Forex traders prefer intraday Forex trading systems due to the market volatility providing more opportunities in narrower time frames, a Forex weekly trading strategy can provide more flexibility and stability.

A weekly candlestick provides extensive market information. Weekly Forex trading strategies are based on lower position sizes and avoiding excessive risks. For this strategy, traders can use the most commonly used price action trading patterns such as engulfing candles, haramis and hammers.

One of the most commonly used patterns in Forex trading is the hammer which looks like the image below:. The chart below shows the weekly price action of NZDUSD and examples of the patterns shown above. Source: Admirals MetaTrader 4, NZDUSD, Weekly chart between 19 August to 31 May Accessed: 27 April at pm BST - Please note: Past performance is not a reliable indicator of future results or future performance. To what extent fundamentals are used varies from trader to trader.

At the same time, the best Forex strategy will invariably use price action. This is also known as technical analysis. When it comes to technical currency trading strategies, there are two main styles: trend following and countertrend trading. Both of these FX trading strategies try to profit by recognising and exploiting price patterns. When it comes to price patterns, the most important concepts include support and resistance.

Put simply, these terms represent the tendency of a market to bounce back from previous lows and highs. This occurs because market participants tend to judge subsequent prices against recent highs and lows. Therefore, recent highs and lows are the yardsticks by which current prices are evaluated. There is also a self-fulfilling aspect to support and resistance levels.

This happens because market participants anticipate certain price action at these points and act accordingly. As a result, their actions can contribute to the market behaving as they had expected.

Did you know that you can see live technical and fundamental analysis in the Admirals Trading Spotlight webinar? In these FREE live sessions, taken three times a week, professional traders will show you a wide variety of technical and fundamental analysis trading techniques you can use to identify common chart patterns and trading opportunities in a variety of different markets.

Sometimes a market breaks out of a range, moving below the support or above the resistance to start a trend. How does this happen? When support breaks down and a market moves to new lows, buyers begin to hold off. This is because buyers are constantly noticing cheaper prices being established and want to wait for a bottom to be reached. At the same time, there will be traders who are selling in panic or simply being forced out of their positions or building short positions because they believe it can go lower.

The trend continues until the selling is depleted and belief starts to return to buyers when it is established that the prices will not decline further.

Trend-following strategies encourage traders to buy the market once it has broken through resistance and sell a market once they have fallen through support.

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. I do swing trading as I still have a full time job. For this strategy, traders can use the most commonly used price action trading patterns such as engulfing candles, haramis and hammers. Thank you for such simplicity!! If you try to make bold moves by analyzing the data in the hourly time frame, you have a long way to go.

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