Swing trading is a style of trading that attempts to capture short- to medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. Swing traders may utilize fundamental analysis in addition to analyzing price trends and patterns. KEY TAKEAWAYS… Continue reading What Is Swing Trading?
Three Successful Strategies
By now, you have identified a time frame, the desired position size on a single trade, and the approximate number of trades you are looking to open over a certain period of time. Below, we share three popular Forex trading strategies that have proven to be successful. Scalping Forex scalping is a popular trading strategy that… Continue reading Three Successful Strategies
Position size
Finding the proper trade size is of the utmost importance. Successful trading strategies require you to know your risk sentiment. Risking more than you can is very problematic as it can lead to bigger losses. A popular advice in this regard is to set a risk limit at each trade. For instance, traders tend to set a… Continue reading Position size
Number of trading opportunities
When choosing your strategy, you should answer the question: how frequently do I want to open positions? If you are looking to open a higher number of positions then you should focus on a scalping trading strategy. On the other hand, traders that tend to spend more time and resources on analyzing macroeconomic reports and… Continue reading Number of trading opportunities
Time frame
Choosing a time frame that suits your trading style is very important. For a trader, there’s a huge difference between trading on a 15-min chart and a weekly chart. If you are leaning more towards becoming a scalper, a trader that aims to benefit from smaller market moves, then you should focus on the lower… Continue reading Time frame
Introduction
Before we proceed to discussing the most popular Forex trading strategies, it’s important that we understand the best methods of choosing a trading strategy. There are three main elements that should be taken into consideration in this process.
Best trading hours
Here’s a list of the most volatile hours for forex trading for each of the 8 major currencies: Australian Dollar: 01:30 GMT. This is the time when most indicators are published. 04:30 also sees some indicators. Swiss Franc: 07:15 GMT. While this is the strongest hour, publications happen many times at 7:00 or at 7:30, aroung the major… Continue reading Best trading hours
Why It’s Important to Stick With a Strategy
While timing plays a crucial role in scoring wins and profit on the forex market, discipline in executing your trading strategy is equally important in laying the foundation for long-term trading success. Each trader’s trading strategy is their own personalized blueprint to build sustained success that aligns with their respective trading goals. Your strategy is… Continue reading Why It’s Important to Stick With a Strategy
Popular Forex Currency Pairs to Trade
Along with identifying the most popular trading windows to time forex trades, it’s also helpful to be aware of the most popular currency pairs that will be regularly traded among global forex traders. The more familiar you are with these popular currency pairs, the more effectively you’ll be able to consider them in your trading… Continue reading Popular Forex Currency Pairs to Trade
Worst Times to Trade
Late Sunday/early Monday Looking at the worst time to trade forex, there is nothing more slumber-inducing than the late Sunday/early Monday crossover. During this time everything remains slow and in many ways functions as a reassessment period, with many using the crossover to plan for the week ahead instead of actively trading. The larger percentage… Continue reading Worst Times to Trade