Ideas of Simple yet Effective Forex Trading Strategies
Various simple forex trading strategies that work can be something great to be applied for any traders. The simple strategies of forex trading will be such the good ideas for the beginners as well. That is because of course the beginners have the lack of info and knowledge regarding to the forex trading. Then, surely they also have the lack of experience on trading which might be something worrying. That is such a good idea for you to try hunting the wide ranges of ideas of forex trading which might be suitable for you. If you are the beginners in forex trading, the simple forex trading startegies and methods become something which you want and need. Of course, you need to learn about the strategies properly and really well first before having them a try. Surely, there are some various ideas which come to you and ready to be applied. If you still have no ideas about the strategies which are totally simple for you to try and totally work, here are some ideas of the strategies which you can try.
Simple Analyzing Strategy of Forex Trading
Simple analyzing strategy can be one of the worth a try simple forex trading strategies that work. In this strategy, the entry point is the signal for the analyzing result which is simple. If you still have no idea about it and really feel totally confused, getting the example is a good way. One of the examples is trying to buy when the parabolic SAR signal is under the graphic, and sell when the parabolic SAR signal is above the graphic. Then, another idea is that you can Buy when the Golden Cross MA happens. Those are the samples which you can simple see for getting the understanding about this kind of simple strategy of forex trading which really works.
Simple Blind Strategy of Forex Trading
Another idea for the simple strategy of forex trading which really works is about the simple blind strategy. The rule of this strategy is choosing the right currency which has the long movement, for example GBP – USD. Then, you can open the chart time for about an hour. You need to know that the average movement of the currency pair in an hour is about 30 points. Here are the ways to do this strategy. First, open the position when the open price is already formed based of the previous candle. When it is bullish, we can be on the Buy position and vice versa with the target profit of ten points and stop loss of ten points, and also the lot size is 0.1. If the result is successfully reached, you can use it again and again but if it is not, you can try the martingale system till get the profit. That is one of the simple forex trading strategies that work.