Saturday, May 31, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

    Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

    Benefits of a Global Free VPN Extension

    Benefits of a Global Free VPN Extension

    Digital Education

    EdTech in the UK: Are We Ready for the Next Phase of Digital Education?

    Virtual Numbers vs SIM Cards: Which Is Best for International Business?

    Virtual Numbers vs SIM Cards: Which Is Best for International Business?

    How Secure is Your Client Portal?

    How Secure is Your Client Portal?

    Machine to Listen

    What Happens When You Teach a Machine to Listen

    Revolutionising Business Connectivity: The Power of eSIM Technology

    Revolutionising Business Connectivity: The Power of eSIM Technology

    How to Buy a Second-Hand Tablet in the UK Without Getting Ripped Off

    How to Buy a Second-Hand Tablet in the UK Without Getting Ripped Off

    Ai

    AI Ad Generator vs Human Designers: What Works Better?

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    What is Automated Invoice Processing?

    What is Automated Invoice Processing?

    The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

    The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

    Eriongroup.biz Reviews: Confident Investments with a European Broker

    Eriongroup.biz Reviews: Confident Investments with a European Broker

    How Crypto is Enabling Micropayments for Content

    How Crypto is Enabling Micropayments for Content

    Fan Tokens: When Finance Meets the Passion for Football

    Fan Tokens: When Finance Meets the Passion for Football

    The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

    The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

    10 Best UK Trading Platforms in 2025

    10 Best UK Trading Platforms in 2025

    Crypto Trading

    Proprietary Crypto Trading and How It Works

    Should You Get an MBA or Learn on the Job? A Guide for Entrepreneurs

    Should You Get an MBA or Learn on the Job? A Guide for Entrepreneurs

  • Environment
    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    How to Use UV Light in Your HVAC System for Cleaner Air

    How to Use UV Light in Your HVAC System for Cleaner Air

  • Property
    Importance Of Having A Property Management System For Airbnb Hosts 

    Importance Of Having A Property Management System For Airbnb Hosts 

    Real Estate

    Secrets to Building Wealth through Real Estate Investing

    Real Estate

    Precision Matters: Why a Specialist Real Estate Makes All the Difference

    Guide to purchasing property in Marbella

    Guide to purchasing property in Marbella

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    7 Key Benefits of Asset Tracking for Property Owners

    7 Key Benefits of Asset Tracking for Property Owners

    company event image

    Luxury vs. Budget: Wedding Venues in the City of London for Every Couple

    Home

    How to Sell Your Chelsea Home for the Best Price

    How Smart Homes Are Changing the Way We Live

    How Smart Homes Are Changing the Way We Live

  • eCommerce
    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

    eCommerce in 2025: What’s Changing and Why It Matters

    eCommerce in 2025: What’s Changing and Why It Matters

No Result
View All Result
Today News
Home Finance

5 Common Forex Trading Strategies and how to use Them

Claire by Claire
February 22, 2023
Reading Time: 4 mins read
5 Common Forex Trading Strategies and how to use Them
771
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Introduction

Trading forex without any strategy is just like starting a journey without a map since you don’t know where your investment will end up. Without a forex trading strategy, you might make or lose cash, but you have no idea which one is more likely to happen.

The big benefit of having a strategy is that you can avoid guesswork. Keep reading to discover more about forex trading strategies, including what they’re and their basics.

Related posts

What is Automated Invoice Processing?

What is Automated Invoice Processing?

May 28, 2025
548
The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

May 27, 2025
447

What’s a Forex Trading Strategy?

A forex trading strategy includes a collection of rules that help determine when to enter a certain trade, how to control and when to close it. Based on trader goals, a forex trading strategy can be either simple or complex. Traders utilising technical analysis find it straightforward to define their entry or exit rules.

On the other hand, traders using fundamental analysis find it difficult since more discretion is involved. Despite that, each trader needs a forex trading strategy since it’s a perfect way to achieve the much-needed consistency and allow you to measure your performance.

The Basics of a Forex Trading Strategy

A forex trading strategy can be an automated or a manual method for creating trading signals. An automated system involves a trader creating an algorithm that identifies trading signals and executes the trade independently.

On the other hand, a manual system involves a trader using a computer to find trading signals, interpret them and decide whether to purchase or sell. An automated system doesn’t include a human emotion in the equation, meaning it can significantly boost performance.

How to Create a Forex Trading Strategy

Beginners should start with simple forex trading strategies. Simple strategies include several components like choosing the market, position sizing, entry points, exit points and trading tactics.

Traders should consider creating their forex trading strategies in programs that make it straightforward to automate rule-following. These programs also allow traders to back-test their trading strategies to know how they would’ve performed earlier.

Five Common Forex Trading Strategies

Many fruitful strategies for forex trading exist. However, not all are ideal for each trader. Choose a trading strategy that blends smoothly with your unique situation, including personality type, risk tolerance and available time. Here are the five best forex trading strategies most online investing platforms recommend in the UK.

Trend Trading

A popular long-term forex trading strategy, trend trading involves following the directional movement or prevailing trend in the market for a given currency pair. This trading strategy, in most cases, involves selling on rallies and buying on pullbacks in downtrends and up trends, respectively.

Momentum/Swing Trading

Momentum/swing trading strategy aims to capture multiple market moves. Traders who utilise this trading strategy trade with major trends in the market and also against them, so they should be ready to hold overnight positions. Momentum traders focus on entering existing positions depending on swing indicators that offer buy and sell signals.

News Trading

A news trading strategy is an ideal option for traders with a decent appetite for risk or those with deep pockets. This strategy can be based on technical and fundamental analysis, and it benefits from noticeable volatility often seen in the forex world just after important news releases.

Day Trading

Day trading is one of the short-term forex trading strategies. Traders follow this strategy during a given trading session. Generally, traders who utilise this strategy don’t take overnight positions, which means they close out all trades daily, reducing exposure to forex market movements when investors are inattentive.

Scalping

Scalping is a shorter-term forex trading strategy that includes taking numerous small profits on forex trading positions with a shorter duration. Traders using this strategy require ultra-quick reaction times since they normally enter and exit trades in a few minutes or seconds.

Before picking one of these strategies, click here to learn more about forex trading.

Claire

Previous Post

Has Watching Cricket Got Too Boozy?

Next Post

What Types of Backlinks are Bad for SEO?

Related Posts

What is Automated Invoice Processing?
Finance

What is Automated Invoice Processing?

May 28, 2025
548
The UK Treasury Aims to Introduce a Single Tax for Remote Gambling
Finance

The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

May 27, 2025
447
Eriongroup.biz Reviews: Confident Investments with a European Broker
Finance

Eriongroup.biz Reviews: Confident Investments with a European Broker

May 26, 2025
452
How Crypto is Enabling Micropayments for Content
Finance

How Crypto is Enabling Micropayments for Content

May 22, 2025
455
Fan Tokens: When Finance Meets the Passion for Football
Finance

Fan Tokens: When Finance Meets the Passion for Football

May 20, 2025
450
The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer
Finance

The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

May 20, 2025
375
Next Post
What Types of Backlinks are Bad for SEO?

What Types of Backlinks are Bad for SEO?

RECOMMENDED NEWS

Import Duties Demystified: Empowering Your Business

Import Duties Demystified: Empowering Your Business

8 months ago
36
Leaflet Printing

The Benefits of Leaflet Printing for Small Businesses

6 months ago
51
Scarcity, Demand, and Value: The Economics of Bitcoin

Scarcity, Demand, and Value: The Economics of Bitcoin

1 year ago
524
Top Brands To Consider When Purchasing New Gym Equipment

Top Brands To Consider When Purchasing New Gym Equipment

7 months ago
22

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology The Victoria Quarter tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

How to choose the right dentist for your smile makeover

How to choose the right dentist for your smile makeover

May 30, 2025
Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

May 30, 2025
Benefits of a Global Free VPN Extension

Benefits of a Global Free VPN Extension

May 30, 2025
Digital Education

EdTech in the UK: Are We Ready for the Next Phase of Digital Education?

May 29, 2025
Reshaping Construction

Compact Power, Big Impact: How Mini Excavators Are Reshaping Construction

May 29, 2025
Pac-Man Arcade Machine

Pac-Man Arcade Machine: How a Phenomenon Was Born

May 29, 2025
Syna World Hoodies

Level Up Your Look with the Hottest Syna World Hoodies

May 29, 2025
Cross Linking in Polymers

Understanding Cross Linking in Polymers for Better Performance

May 29, 2025
Machine Maintenance

ISBM Machine Maintenance Tips for Optimal Performance

May 29, 2025
French Dairy vs. British Dairy

French Dairy vs. British Dairy: How’s the Difference in Taste and Use?

May 29, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

How to choose the right dentist for your smile makeover

How to choose the right dentist for your smile makeover

May 30, 2025
Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

Top Reasons Why Free VPNs Are Still a Smart Choice in 2025

May 30, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact