If you have been busy searching the internet for the best forex trading strategy, be happy now because your search is over, today I am going to share with you the ten effective forex trading strategies free.
FREE FOREX TRADING STRATEGIES
When it comes to selecting forex trading strategies, traders have many choices to make. They can either search the internet for free strategies or buy books on forex strategies. The strategies covered here are tested and trusted by successful forex traders and they can b used in a consistent profitable trade.
Note: there are many strategies sin the forex market and not all of the following strategies are squall in all markets some perform better than others, and each individual trader will find some strategies more suitable for them to trade.
The following ten forex trading strategies are effective;
i. The Bollinger bounce (Bollinger Band)
ii. Daily Fibonacci pivot trade
iii. Forex dual stochastic trade
iv. The bladerunner trade
v. Forex overlapping Fibonacci trade
vi. London Hammer trade
vii. The bladerunner reversal
viii. The drop ‘n’ stop trade
ix. The forex fractal
x. The Pop ‘n’ stop trade
1. The Bollinger bounce (Bollinger bend)
The Bollinger bands are used to measure markets volatility, whereas in Bollinger bounce the price tends to return in the middle of the bands.
The bolly band bounce trade is perfect in a ranging market. Many traders use it in a combination with confirming signals, to great effect. If bollinger band appeal to you. This one is well worth a look.
2. Daily Fibonacci Pivot Trade
Fibonacci pivot trade combine Fibonacci retracements and extensions with daily, weekly and even yearly pivots. The emphasis in the discussion here is on using these combinations with daily pivots only, but the idea can easily be extended to longer timeframes incorporating any combination of pivots
3. Forex Dual Stochastic Trade
The dual stochastic trade uses two stochastic –one slow and one fast in combination to pick areas where price is treading but over extended in a short term retracements and about to snap back into a continuation of the tread.
4. The Bladerunner Trade
The bladerunner is an exceptionally good EMA Crossover strategy, suitable across all time frames and currency pairs. It is a treading strategy that tries to pick breakout from a continuation and trade the retest.
5. Forex overlapping Fibonacci Trade.
Over lapping Fibonacci trades are the favourites of some traders. If used on their own, their reliability can be a little lower than some of the other strategies, but if you use them in conjunction will appropriate confirming signals, they can be extremely accurate.
6. London Hammer Trade.
The extra volatility you get when London opens presents some unique opportunities. The London Hammer Trade is my take on an attempt to capitalize on these opportunities. Especially effective during the London session, it can be used at any time when price is likely to be taking off stroppy in one direct and possibly reversing from an area of support/resistance just as strongly.
7. The Bladerunner Reversal
As mentioned above, the bladerunner is a trend following strategy. The bladerunner reversal just as effectively picks entries from situations where the trend reverses and prices begins to trade on the other side of EMA’s
8. The Pop ‘n’ Stop Trade
If you have ever tried to close price when it bounds away to the upside, only to suffer the inevitable loss when it jus as quickly reverses, you will want the secret of the pop and stop trade in your traders’ arsenal.
9. The Drop ‘n’ Stop Trade
The flip side of the pop and stop, this strategy trades savage breakouts to the downside.
10. Trading the Forex Fractal
The forex fractal is not just a strategy but a concept of market fundamentals that you really need to know in order to understand what price is doing, why it is doing it, and who is making it move.
(These information are worth thousands of dollars)