Uncategorized

Best Forex Trading Strategy For Traders 2020

Any newbie in the forex trading fairly soon learns that there are plenty of different forex trading strategies. So, any beginner trader will always wonder, what is the best strategy for trading forex? Any forex trader wants to know what trading strategy should be selected (or created) for further profitable trading. Of course much depends on the type of trading you prefere, as some strategies are the best in short-term trading, swing trading or forex scalping or day trading or positional trading. Some strategies will suit a day trader or a long-term investor. This article explains three forex trading systems that are proven to be working in the financial markets.

Top 3 Forex trading strategies

Number 3. Trendline breakout trading strategy

LiteForex: Best forex trading stratagems: three profitable strategies for trading.

This is one of the earliest and simplest forex strategies that is based on the trend reversal. The strategy signals based on the price movements that a particular price level where the ongoing trend will reverse. This strategy also employs the support and resistance levels, and I think it is suitable for all investors and all assets, ranging from currency pairs to commodity CFDs or stocks.

Do you want to invest but don’t have money?  Apply for Bitcoin Loan here

Well, let us see how you can open positions to buy and sell trading with this strategy:

  1. Find a clear trend and draw the trendline along with its highs/lows. We need only a single line that will be broken out in case of the trend reversal. In the downtrend, we need the resistance line (red), and in the uptrend, we need the support line (blue);
  2. Now, we need to expect until the market moves so that the price chart breaks this trendline. The only fact that the price breaks through the line is enough to deliver a trading signal;
  3. If the downtrend is broken, it will be followed by an uptrend, and so, we will enter a buy trade (Buy). If there is an uptrend break, the price will reverse down and we shall enter a sell trade (Sell);
  4. You should enter a buy trade when the 2 major conditions are met: the price has broken through the resistance level (red line), and the price reached the level of the most recent high of the broken downtrend (Buy level);
  5. A sell trade is entered when the 2 major conditions for sell are fulfilled: the price has broken through the support level (blue line), and the price reached the level of the most recent low of the broken uptrend (Sell level);
  6. Once both conditions are met, we can open a buy/sell position right away when the price reaches the high/level described in steps 4 and 5;
  7. A take profit is set at the high/low of the previous trend before the low/high where we opened a position (Take Buy/Sell);
  8. A stop loss is put at the low/high of the previously broken trend (Stop Buy/Sell);

As you see, this a simple and profitable forex trading strategy that can be used in any timeframe and provide a sufficient level of signal accuracy. Statistically, the profits/loss ratio is about 65/36.

Number 2. Three EMAs breakout strategy

This strategy is one of the basic indicator strategies and, like the previous ones, is quite simple and applies the trend reversal principle. This is a forex indicator strategy, so, you will need to attach three Moving Averages to the chart.

LiteForex: Best forex trading stratagems: three profitable strategies for trading.

Well, let us see how you enter trades according to this trading system.

  1. Place three EMAs in the price chart. For convenience, they should be of different colors. For the first EMA, the period is 21 and the offset is -2 (blue). For the second EMA, the period is 14 and the offset is -3 (red). The period of the third EMA is 9 and the offset is -4 (green);
  2. Therefore, the blue EMA will be the slowed and when it is met by other, faster EMAs, there will be delivered entry signals;
  3. A sell signal appears when the green EMA breaks through the red one from above and both lines cross the blue line from above (Sell 1,3,5);
  4. A buy signal is sent when the green and the red Mas cross the blue one from below, and the green MA must also crossthe red one from below ((Buy 2,4);The strategy doesn’t suggest particular levels to put a Take Profit and Stop Loss, so, you exit the trade based on the market situation, you must be extremely careful about following your risk management;
  5. You should close the position (with a profit or with a loss) when the green and the red EMAs cross each other again in the opposite direction after you have entered the trade;

As you see, this trading strategy Forex is also very simple. A simple averaging indicator provides clear signals with a profit/loss ratio of about 70/30.

Number 1. Trading strategy based on triangle pattern breakout

I suggest this is one of the best best forex strategies. When you trade with this strategy in the forex markets,you should at least know the basics of technical analysis, as you need to find a triangle pattern in the price chart and mark its legs (boundaries) with the trendlines, which are the support and resistance levels (blue lines). The triangle looks like a narrowing sideways channel.

LiteForex: Best forex trading stratagems: three profitable strategies for trading.

Well, let us see how you enter trades based on the signals of this trading strategy:

  1. This strategy delivers hardly any signals to enter the market at the current price, it suggests using pending orders, buys limit or sell limit order;
  2. After you have discovered a triangle pattern, you can start putting pending orders. You should place the order at the price level that will indicate that the price has broken out one of the trendlines of the patterns;
  3. A Buy Limit should be put at the high prior to the pattern’s resistance line breakout (buy 1). If a new high emerges, the limit order should be moved one high lower (Buy 2), and you do so until the resistance line is broken out;
  4. You put a Sell Limit order at the low prior to the pattern’s support level breakout (Sell 1). If there a new such low emerges, you should move the pending order to next least low (sell 2), and you will do so until the support line is broken out;
  5. When one of the pending orders works out, you put a Take Profit at the high (if you buy) or at the low (if you sell) of the pattern;
  6. A stop loss is set at the opposite extreme (low/high) relative to the extreme you entered a trade. For example, for a sell trade (sell 2), you put a stop loss at the level of a possible buy trade Buy 2);

This trading strategy is more complex and requires some experience in spotting a triangle pattern in the price chart, but it provides greater trading opportunities. The complexity is compensated by high accuracy of trading signals with the profit/loss ratio of about 85/15.

So, now you know three best forex strategies any forex trader should try. Try them all, choose which suits you best and start making money in real time.

Do you want to grow your money but don’t know how to do it? We pay 30% profit of investment monthly.  We have professionals who can grow your money for you. Contact us on WhatsApp or on our contact page or via Topforextrade1@gmail.com if you are interested.

Related posts

20 comments

web hosting reviews August 9, 2020 at 10:40 pm

This paragraph is in fact a nice one it helps new internet people,
who are wishing in favor of blogging.

Reply
website hosting companies August 10, 2020 at 5:46 pm

Hi to all, for the reason that I am in fact eager of reading this website’s post to be updated
daily. It consists of pleasant stuff.

Reply
adreamoftrains website hosting August 11, 2020 at 11:27 pm

I think this is among the most significant info for me.
And i am glad reading your article. But wanna remark on few general things, The site style is
wonderful, the articles is really excellent : D. Good job, cheers adreamoftrains webhosting

Reply
web hosting providers August 14, 2020 at 5:05 am

I’m not that much of a internet reader to be honest but your sites really nice, keep it up!
I’ll go ahead and bookmark your site to come
back later. Cheers

Reply
Leroy Silvas September 11, 2020 at 5:09 am

It’s a shame you don’t have a donate button! I’d most certainly donate to this outstandingblog! I suppose for now i’ll settle for book-marking and adding your RSSfeed to my Google account. I look forward to new updates and will talk about this site with my Facebook group.Talk soon!

Reply
where to buy social signals September 11, 2020 at 7:49 pm

where to buy social signals

njffilawc kxetu ucimneo eerc hqwtefpozcfhudc

Reply
Derek Makarewicz September 13, 2020 at 2:51 am

|

Reply
Joe Manausa Real Estate September 14, 2020 at 10:22 pm

… [Trackback]

[…] Read More here to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
buy/order Tramadol 50mg 100mg 200mg online pharmacy no script cheap for pain anxiety in USA UK Canada Australia overseas overnight delivery September 14, 2020 at 10:54 pm

… [Trackback]

[…] Read More on to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
Buy percocet no prescription overnight delivery cheap in USA September 15, 2020 at 11:33 pm

… [Trackback]

[…] Find More to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
order percocet online in usa canada uk australia without prescription nextday shipping September 16, 2020 at 2:15 am

… [Trackback]

[…] Here you can find 3981 additional Info to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
eatverts.com September 16, 2020 at 2:53 am

… [Trackback]

[…] Information on that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
purchase zolpidem online for sale near me no prescription overnight delivery cheap September 16, 2020 at 3:22 am

… [Trackback]

[…] There you will find 17226 more Information on that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
advanced video star transitions qr codes September 16, 2020 at 12:47 pm

It’s a pity you don’t have a donate button! I’d definitely donate to this superb blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will share this site with my Facebook group. Chat soon!

Reply
trang web đánh lô đề uy tín September 17, 2020 at 2:45 pm

… [Trackback]

[…] Find More to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
con chó số đề September 17, 2020 at 3:01 pm

… [Trackback]

[…] Read More on that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
mơ thấy rắn đánh đề gì September 18, 2020 at 12:36 am

… [Trackback]

[…] Info on that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
the natural penguin (TNP) September 18, 2020 at 7:42 am

… [Trackback]

[…] Read More Information here on that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
호두코믹스 September 20, 2020 at 6:33 am

… [Trackback]

[…] Here you can find 74315 additional Information to that Topic: earnbiga.com/best-forex-trading-strategy-for-traders-2020/ […]

Reply
scottish dancing September 20, 2020 at 7:48 pm

Scotland is unquestionably a really beautiful nation, and yearly it is actually seen by groups of vacationers coming from the United States, France, and also even Italy or Spain. I may certainly not resist the feeling that Poles come here mostly for job. Rarely any individual taking leave in July, August or even September will definitely presume of Scotland. Due to the fact that of the prices that are actually most definitely hostile for some visitors, probably it is. The land of Nessi and men in kilts is certainly worth a lengthy or even quick journey. Perhaps it is actually really good to deal with it at this moment, when the value of the extra pound is dropping, and also hence our company will pay for a lot less for a holiday in Scotland? Glen Affric in very early spring Thus why is it worth it? Scotland is predominantly a splendid garden in the north of the nation. Highlands– hills covered with grass and also louises, deep lochs (ponds), a significant shore product line, glen (charming valleys), as well as most of all, seldom found in Europe (particularly in Scotland!) wild, where our experts will definitely certainly not find a single house. Space, area and also area once again! Wild attributes, a great quantity of plants, birds and various other animals await nature fans. In Scotland, I have actually already managed to enjoy tapes, dolphins or maybe deer. Scotland is additionally a traditionally fascinating land (that checked out Brave Heart?), Where you may see wonderful stone palaces (Edinburgh, Stirling, Linlithgow, Eilean Donan). The funds on its own, the magnificent Edinburgh, also deserves attention, particularly in the course of the summer months festivals. nation Scotland, scottish Scotland, application Scotland, conservative Scotland, relevant information Scotland, scotland Scotland, us Scotland, edinburgh Scotland, youngster Scotland, creed Scotland, chart Scotland, iona Scotland, menu Scotland, traveling Scotland, records Scotland, history Scotland, automobile Scotland, ship Scotland, uk Scotland, train Scotland, celtic Scotland, glasgow Scotland, shetland Scotland, culture Scotland, tay Scotland, bus Scotland, updates Scotland, education Scotland, bit Scotland, navigation Scotland, cookie Scotland, covid Scotland, sport Scotland, availability Scotland, videos Scotland, highland video games Scotland, community Scotland, golf Scotland, scots Scotland, food items Scotland, whisky Scotland, budget Scotland, visitscotland Scotland, gallery Scotland, newsletter Scotland, arbroath Scotland, hell Scotland, road Scotland, distilleries Scotland, st andrews Scotland, cocktail Scotland, go to scotland Scotland, europe Scotland, castles Scotland, future Scotland, experience Scotland, blogging site Scotland, dundee Scotland, steering Scotland, sports Scotland, covid-Scotland9 Scotland, transportation Scotland. Edinburgh – Some ideas for seeing Scotland Traveling in Scotland should absolutely begin along with its own financing. Edinburgh is a gorgeous middle ages a community along with characteristic rock structures. Coming from the primary road, the alleged The Royal Mile connecting the past royal castle with the Queen’s summer season palace (Palace of Holyroodhouse) bolts a network of intriguing tiny roads (the supposed shut), producing a maze in which it is actually actually worth receiving shed. It takes approximately 2 days to explore Edinburgh, but you can easily stretch this moment around four. When it comes to a brief see to Scotland, you can also limit on your own to Edinburgh only, spending one time on a big salami by bus in the Scottish highlands (virtually every travel bureau in the capital provides it). This way, at the very least momentarily our team will certainly feel the setting of an actual property of mists. An also much better idea is actually to rent an automobile for one day and happen a private excursion (the plan and also attribute of the organized tours perform not automatically satisfy everyone). Such a self-guided scenic tour will perhaps take our company at the very least 10 hrs. Arran is actually phoned Scotland in baby. Loch Lomond is one of Scotland’s pair of nationwide parks, an attractive lake surrounded through woods as well as mountains. On the means, you can easily likewise go to Stirling Castle. nation Scotland, scottish Scotland, application Scotland, conservative Scotland, relevant information Scotland, scotland Scotland, our team Scotland, edinburgh Scotland, little one Scotland, creed Scotland, map Scotland, iona Scotland, food selection Scotland, travel Scotland, records Scotland, record Scotland, cars and truck Scotland, ship Scotland, uk Scotland, train Scotland, celtic Scotland, glasgow Scotland, shetland Scotland, culture Scotland, tay Scotland, bus Scotland, information Scotland, education and learning Scotland, little Scotland, navigating Scotland, biscuit Scotland, covid Scotland, sporting activity Scotland, accessibility Scotland, video recordings Scotland, highland activities Scotland, area Scotland, golf Scotland, scots Scotland, meals Scotland, whisky Scotland, budget plan Scotland, visitscotland Scotland, gallery Scotland, email list Scotland, arbroath Scotland, heck Scotland, road Scotland, distilleries Scotland, st andrews Scotland, cocktail Scotland, browse through scotland Scotland, europe Scotland, castles Scotland, potential Scotland, take in Scotland, blog Scotland, dundee Scotland, steering Scotland, sporting activities Scotland, covid-Scotland9 Scotland, transport Scotland. Scotland, like the whole of Great Britain, is actually not one of the most inexpensive locations. In add-on, in Scotland the tent can easily be actually prepared up virtually anywhere, thus travelers may additionally sleep in the wild. The very most widely known as well as one of the most lovely treking tracks in Europe is the alleged West Highland Way. Longer excursion? Just how around north along the west shore as well as at that point back to the quieter, albeit a lot less exceptional eastern? Several vacationers in Glasgow, takes a learn to Mallaig (at times going to Glencoe or Fort William en route) at that point visits Isle of Skye (the absolute most lovely of the Scottish islands), at that point head along the coastline towards Ullapool, regarding Durness, on the technique back going to Inverness, Fort Augustus (Loch Ness), Aberdeen and also Cairngorms National Park, and finally St Andrews. Is it possible by trains and buses? Certainly it is achievable, yet you will certainly skip a whole lot, so it is better to rent an automobile for a minimum of portion of the travel. And don’t be deceived due to the visitor trap of Loch Ness– in reality, there are actually loads of far more beautiful areas across Scotland nation Scotland, scottish Scotland, app Scotland, conservative Scotland, details Scotland, scotland Scotland, us Scotland, edinburgh Scotland, kid Scotland, cult Scotland, chart Scotland, iona Scotland, food selection Scotland, trip Scotland, data Scotland, past history Scotland, vehicle Scotland, ship Scotland, uk Scotland, learn Scotland, celtic Scotland, glasgow Scotland, shetland Scotland, culture Scotland, tay Scotland, bus Scotland, news Scotland, education Scotland, little Scotland, navigating Scotland, cookie Scotland, covid Scotland, sporting activity Scotland, accessibility Scotland, videos Scotland, highland activities Scotland, area Scotland, golf Scotland, scots Scotland, food items Scotland, whisky Scotland, spending plan Scotland, visitscotland Scotland, gallery Scotland, e-newsletter Scotland, arbroath Scotland, heck Scotland, roadway Scotland, distilleries Scotland, street andrews Scotland, beverage Scotland, check out scotland Scotland, europe Scotland, castles Scotland, potential Scotland, encounter Scotland, blogging site Scotland, dundee Scotland, steering Scotland, sports Scotland, transport Scotland Glenelg The climate may be irregular. I bear in mind visiting Scotland for the 1st opportunity in the end of April. It was actually springtime in Scotland, the sunlight was actually warming up, while in Scotland it was actually still winter season all over. The Highlands were still covered in snow in lots of areas, and also in Edinburgh it was actually piercingly rainfall. Naturally, it ended up right now that I had not stuffed the correct points. I was considering to keep in the urban area, but additionally ballet flats, shoes, decorative jackets and also thin blouses drop off in spring season. When traveling in Scotland, initially of all really good, water-proof, sports shoes. Will likewise happen in useful, occasionally it is actually additionally worth adding a slim scarf, a sports hat and also sporting activities gloves to the knapsack (springtime as well as autumn). In winter months, I advise preventing Scotland coming from a span. Add-on little things: Umbrellas definitely do not work (the wind flexes them in each directions), the outdoor tents needs to (MUST!) possess a really good flysheet, it costs taking a multiple-use bottle with you (faucet water, however also drinkable in flows or rivers), at minimum a couple of pairs of socks, a cozy fleece as well as something to push back vicious flies (I suggest a smidge). In the case of a low-budget journey, sleep in an outdoor tents or even keep just in hotels (expense about PLN 80 per night). You need to try fish and shellfish (they are actually tasty!), Whiskey, go to at the very least one distillery and also order fish and potato chips with vinegar a minimum of the moment. I hope that using this blog post I motivated my buddies (:-RRB-) yet also unknown people to take a trip to Scotland. It’s actually worth a hundred times! I welcome you to go to, if merely I am actually still below. Wonderful Scottish beaches. Loch Lomond Backpack. Iona- very small isle, white beach fronts. Island of Skye. Glencoe. Eilean Donan Castle. Island of Arran. Scotland is most certainly a really gorgeous country, and every year it is explored through crowds of travelers coming from the United States, France, and also Italy or even Spain. Arran is actually gotten in touch with Scotland in miniature. Scotland, like the entire of Great Britain, is actually certainly not one of the most affordable destinations. It was currently spring in Scotland, the sun was actually heating up, while in Scotland it was still winter all over. I hope that with this message I motivated my good friends (:-RRB-) however likewise complete strangers to travel to https://www.scotland.com/

Reply

Leave a Comment

Currency Converter
×

Hello!

Click one of our representatives below to chat on WhatsApp topforextrade1@gmail.com

× CONTACT US VIA WHATSAPP HERE