How To Double The Account In 1 Day? You can help thousands improve print forex trading!
Who’s online There are currently 62 users online. Submitted by Edward Revy on January 28, 2007 – 07:22. Simple Forex strategies — simple to use, easy to try out. This collection of Forex trading strategies and techniques is dedicated to help traders in their research and developing of workable trading styles and trading systems. Attention all traders: trading strategies are posted for their educational purpose only. Trading rules may be subject to interpretation.
Planned risk levels may be increased dramatically under extreme market conditions. We recommend testing your trading system on a demo account before investing real money. Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders.
So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making. We hope you enjoy staying with us! As you read comments, you’ll see that when traders asked me to recommend any particular strategies on this website, I did so. However, from that time all simple strategies have been sorted and moved around, so the old numbering in my answers can be irrelevant for simple strategies.
Together, they cited information from 7 references, which can be found at the bottom of the page. How marks an article as reader-approved once it receives enough positive feedback. It also received 122 testimonials from readers, earning it our reader-approved status. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. You can trade forex online in multiple ways. The type of currency you are spending, or getting rid of, is the base currency.
The currency that you are purchasing is called quote currency. In forex trading, you sell one currency to purchase another. The exchange rate tells you how much you have to spend in quote currency to purchase base currency. A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U. A short position means that you want to buy quote currency and sell base currency.