Forex Trading Strategies

Here at FXBrokerSearch along with broker reviews and the latest industry promotions, we've also put together a series of six beginners' trading articles and glossary of common terms to get you started in Forex.

#1 Forex Trading Tutorial for Beginners

Forex Trading Strategies - Beginners TutorialNot sure if you're looking at the bid or ask price? Margin and leverage sound more like engineering terms? Don't know your GTCs from your T/Ps? Start with this article to brush up on the basics. 

Our beginners' forex tutorial is a rundown of the ingredients that make up a trade. Learn how brokers make money from the spread and how to measure and maximize your own profits.

Build up your trading vocabulary some more with the five main types of trade and the mechanics of each. 

Read more here.

#2 Best Trading Strategy for Beginners

Forex Trading Strategies - Best Beginners StrategyNow you've learn the basic lingo, learn some more! A little advanced vocabulary goes a long way to break down foreign forex concepts into familiar ones. Learn the key to easing yourself into forex, and get the link to our glossary of terms.

Breakouts, trends and carries are our three picks for forex tools to use when you're starting out. Learn to interpret how the financial markets move within your trading software and make positive expectation trades.

Start playing around with technical analysis tools - candlestick charts, trend lines and Bollinger bands - and begin to think like a fundamental analyst, monitoring different countries' central bank interest rates.

Read more here.

#3 How Do Forex Traders Make Money?

Forex Trading Strategies - How Traders Make MoneyReally, how do they do it? Forex trading has a steep learning curve and there are many online courses out there. This article once again lays out some basics as to the mechanics of how money is bought and sold to make more money.

Learn the long and short of base and quote currencies, why the exchange rate ties everything together and how pips measure profits. Consider how global events shape the way we trade.

Go beyond our compare brokers tool by looking to trading associations that monitor forex brokers and the integrity of the industry.

Read more here.

#4 Why Do Forex Traders Lose Money?

Forex Trading Strategies - Why Some Traders LoseForex isn't a get rich quick scheme. The majority of speculators struggle to make consistent profits without developing their skillset fully.

They lack the focus and discipline to stick to a strategy, even one of the core three in article #2 and switch things up as soon as a trade goes awry.

Pick a strategy that suits your trading personality, then divide and conquer - treat long term goals as a series of smaller successes, taking things one trade at a time with plenty of backtesting and proper stop losses.

Read more here.

#5 Day Trading Explained

Forex Trading Strategies - Day TradingA popular forex trading strategy deserving an article of its own - this may be the one for you if you can stomach the swings.

Daytraders open and close trades by the end of that day's session, the advantage being quick profits and no overnight fees. Looking at such a short-term snapshot of the market you'll need to be comfortable with technical analysis on the micro scale - for example 1, 4 or 12 hours charts - and amplified swings. Only binary options are more volatile.

You'll still need to know the times of day when financial news breaks as macroeconomic events can throw a spanner in the works of even the best laid plans. Pick a broker with bonuses as a buffer against swings.

Read more here.

#6 What is the best Forex Trading Strategy?

Forex Trading Strategy - Best StrategyMore specifically, what is the best indicator in technical analysis - if we had to pick one, it'd be the use of moving averages, which encompasses several indicator options.

Learn how to use simple moving averages (SMAs) of different time ranges to quantify the momentum in market movements. Set fluctation range envelopes to hammer in on whether the market is looking bullish or bearish. 

Use price crossovers to indicate when to execute trades and when to take profit. Utilize Bollinger bands, a mathematically proven way to forecast how the market may behave. Above all pick a combination of indicators that you're able to keep track of in your trading platform.

Read more here.

Commonly Used Terms in Forex Trading

Forex GlossaryIf you plan on getting into Forex trading, it helps to keep a Forex glossary to hand to start off.

It's essential you're fluid in the lingo of the trader so you can understand the information you read and are able to communicate with others in the currency trading industry.

Read more here.

Ready for more in-depth FX? Read on in our full learning forex course.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.