You can not trade currency based on random decisions. But in fact it is not so easy to find a series of rules that will help you to really succeed. There are hundreds of books, videos and articles. They describe in detail all types of strategies: from the forex trading strategies for beginners
based on news to very advanced ones.
If you want some update on this subject, download forex trading strategies for beginners pdf to start business. This review provides the basic knowledge of at least three tactics for Forex freshmen.
This is the first strategy which you need to master. A breakthrough is a term that means rapid changes in the market that appear at times of market transition from a state with moderate to rare fluctuations or lateral trends to sudden upward or downward swings. A breakthrough may also happen at the very beginning of the trend.
The reason that a newbie needs to learn how to determine such periods is that if you can identify a breakout, you can also figure out the beginning of a trend or a quotation series. This may seem insignificant, but in fact many traders sometimes try to master this skill for years!
Exchange systems based on this trick are interesting and productive, because they take advantage of the financial market when it is most volatile. This strategy exploits the technical indicators profitably for noticing the moment of purchase-sale of the currency. The only indicator that is used in this system is a simple moving average for 200 periods.
TS based on trends
The second simple approach for beginners benefits from long-term fluctuations of Forex, which are also called trends. Specifically, the trend appears at a time when the value of one currency relative to another is growing. The ability to capitalize on these extended fluctuations is the bread of any market player.
This system is a technically based algorithm and it uses mathematical indicators to determine the buying-selling moments. It uses two indicators. The first is the Bollinger Band, and the second is the exponential moving average or similar index of foreign exchange prices for a certain time period.
The strategy of carry trading
This strategy is the art of obtaining interest income on your trades by buying currencies with a high base interest rate. Base interest percentages are set by central banks.
Carry TS has gone out of fashion over the past few years and interest rates have fallen sharply since the global financial crisis of 2008. Nevertheless, in 2014 some attractive interest rates of the currencies of the transition economies returned, and many central banks of the world announced their intention to raise rates in future years.
Summary: Would you like to learn forex trading strategies? Just do this. Of course, they are not the most profitable. Their task is a small but stable income guaranteed. They are fairly simple in their application and we hope that they will help you in successful start.