Forex trading strategies are, acording to Investopedia: “a set of analyses that a forex trader uses to determine whether to buy or sell a currency pair at any given time”. There are a lot of different forex trading strategies that you can use. When you are new to trading, there are certain strategies that you need to know about.
We should first of all understand what is meant by “forex trading strategies” when the term is used. These strategies can be based on many factors such as technical analysis, chart analysis or fundamental, news-based events.
The following forex trading strategies will help you learn the basics of trading and become more confident in your trades.