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1. Forex Trading Strategies That Work Forex Trading involves risk. You must have a trading strategy before starting a currency trading if you want to survive in this space. Having a business strategy helps you to control your operations. It will also help in improving your ability to spot business opportunities. Before you dive into the world of forex trading consider these few points:

2. In Forex markets, trading happens around the clock, 24/7. You have to keep your eyes always on the market. Some basic trading strategies exist and part-time traders can protect their positions when they are away from their screens. If you're a part-timer trader you can trade in two ways that is Stop-loss orders and automated trade entry. How to Choose The Best Forex Trading Strategy Before knowing Forex trading strategies, first, we should understand how to choose a trading strategy. There are three main components in this process. Time frame You should choose a time frame that suits your trading style. There’s a considerable difference between trading on a 15-min chart and a weekly chart. Before choosing your preferred trading strategy, you should decide how long do you want to do trading? Varying time periods like long, medium and short-term correspond to different trading strategies. Number of trading opportunities

3. Choose your trading strategy based on how frequently do you want to open positions. Many traders prefer ​F​orex strategy​ for higher time frames and bigger position​s. Position size Finding the proper trade position size is very important. Best trading strategies need you to know your risk-taking capabilities. If you risk more than you can incur bigger losses. Set a risk limit at each trade. For example, traders set a 1% limit on their trading, so they won’t risk more than 1% of their account on a single trade. Three Successful Strategies By now, you understand time frame, trading opportunities, the position size on a single trade. Here, we provide three popular Forex trading strategies that have tested and proven to be successful. Scalping

4. Forex scalping is a very popular trading strategy. It is used on smaller market movements and it requires to open a large number of trades in a bid to bring small profits per each. Scalping is very popular in Forex due to its liquidity and volatility. Investors are looking for ​Forex Price Action Signals​ which are moving constantly. This type of trader focus on profits that are around 5 pips per trade. Day Trading Day trading involves trading currencies in one trading day. It is applicable in all markets, but this strategy is mostly used in Forex. It suggests you to open and close all trades within a

5. single day. No position should remain open overnight to reduce the risk. Position Trading Position trading is a long-term trading strategy primarily focuses on fundamental factors. In this strategy, minor market fluctuations are not considered because they don’t affect the market in long term. These traders are monitor central bank monetary policies and other fundamental factors to identify cyclical trends. They may open just a few trades over the entire year. But profit targets in these position trading are likely to be at least a couple of hundreds of pips per each trade.