What are THE BEST strategies to make consistent profit at trading forex?
What are THE EASIEST and MOST PROFITABLE Forex Strategies?
Forex is RANDOM and UNPREDICTABLE.
No chart, candle, Elliott Wave, Ichimoku cloud or any other technique can protect you from the inevitable randomness of the movements.
- Technical Analysis– It is a method of analyzing price movement on the chart to determine possible future price action by using things like indicators, channels, divergence, and much more.
- Money Management Skills– Also known as risk management.You should immediately add money management in your trading strategy when you begin your trading career. It will help your trading capital from losses.
- Trading psychology– It is the psychology of a trader. By overcoming psychological influences, such as fear and greed, a trader has a better chance of being successful.
I don’t think there is one trading setup that can guarantee you profits 100% in the FX market in the long run.
Most profitable strategies in forex is learn and earn.
Everything is profitable in forex even a strategy which always gives loss can make money in many ways.
The thing is how you use a strategy and in which conditions you use.
Below are 7 the easiest and highly profitable Forex trading systems & strategies to make profits in the long run.
Make Money Trading Reversal Signals with MBFX ZigZag Turtle System. This is the easy way to BUY Bottoms and SELL Tops in the forex market with confidence.
If you have been trading stocks or currencies long enough you must have heard the famous saying: “SELL High and BUY Low” or “SELL Tops and BUY ”.
I won’t try to explain what it means, just Google it, there’s plenty of information on the internet.
Many traders use this kind of strategy. But, however, there’s some potential danger when trying to apply this kind of rule.
SELL High and BUY Low” or “SELL Tops and BUY ” trading idea can be extremely confusing and risky.
High-Profit Donchian Channels Turtle System – The Donchian Channel is a useful indicator for seeing the volatility of a market price. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.
Take a look at the image above…
- If a price is stable the Donchian Channel (magenta color line) will be relatively narrow.
- If the price fluctuates a lot the Donchian Channel will be wider.
The Donchian Channel indicator primary use, however, is for providing signals for long (BUY) and short (SELL) positions.
If a currency pair trades above its highest n periods high, then a LONG is established. If it trades below its lowest n periods low, then a SHORT is established.
High Profit Simplified Donchian Channels Turtle Trading System
Best and high accuracy HAMA Forex Strategy for catching trend changes – This is one of the Best Forex Trading System for capturing trend changes by Heiken Ashi Moving Average (HAMA), ZigZag Reversal Signals and Momentum.
Heiken Ashi Moving Average (HAMA) – The system that I will explain (HAMA Forex Strategy) combines 2 strong methods: Heiken Ashi and Moving Averages.
To maximize your chances of success in Forex market, the system utilizes ZigZag Reversal Signals and 3 high accuracy trend momentum indicators.
You can use this strategy to trade any major currency pair on any time frames.
Remember that trading success is all about making as much as one can when one is right and losing as little as possible when one is wrong.
Yes…, That is the essence of this business.
High Accuracy Guppy Trend Line System – A very simple technique to improve your Trend Line Breakouts trading strategy. If used correctly, this system can more accurate than any other method.
TREND LINES are probably the most common form of technical analysis in forex trading.
They are probably one of the most underutilized ones as well. And if drawn correctly, they can more accurate than any other method.
Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
In their most basic form, an UPTREND line is drawn along the bottom of easily identifiable support areas (valleys).
In a DOWNTREND, the trend line is drawn along the top of easily identifiable resistance areas (peaks).
Forex High Accuracy USDJPY, GBPJPY, and EURJPY H4 time frame trading with Donchian Channel Breakout System. This is a very simple trading system but highly effective to trade USDJPY, GBPJPY, and EURJPY pairs.
Yes, you’re right… Traders use Donchian Channels to understand the support and resistance levels.
The Donchian channel measures the high and the low of a previously defined range – typically of the past 3, 5, 10, and 20 days.
Typically, a trader would look for a well-defined range and then wait for the price to break out to either one side for a trade entry trigger.
But, there is more to the Donchian channels and we will discuss how to increase the quality of the signals.
Remember…!!! A trading strategy is developed by the individual trader based upon their own personality, financial assets, and trading mindset and skill.
If you search for a QUICK and EASY way to make money consistently in Forex, I will be the first to tell you that you WON’T FIND IT…!!!
The Forex market does not exist for the benefit of traders.
Forex exists for the benefit of those who run it.
If you want to profit from Forex trading you can but you have to earn that right by developing your PSYCHOLOGY and TRADING SKILLS.
There is no other way.
To profit on a consistent basis requires EXPERIENCE and SKILL.