For those who hasn’t been in the markets for a long time and especially for those who is only now beginning their trading way it can be very difficult to choose a proper working trading strategy. There are too many and all of them are very different as they are fit for different things.
So, what strategy to choose? It is useful for those who want to make some changes to their strategy and for those who have only now come to trading.
1. Scalping.
2. Daily Fibonacci pivot trade
3. Pop-n-stop.
4. Trading fractals.
5. Bolly band Bunce trade.
6. Bladerunner trade
7. Combination of any of the above.
1. Scalping.
Although very often scalping is considered to be tiresome and boring it is not necessarily true. It was first implemented in equities market and since then has spread to several segments of the market and is now considered classic. Why? Well, because it works! And works perfectly, dare I say?
For a lot of traders this is the safest choice. It requires trading several time per day in order to create small profit margins which are going to elevate your profitability in the long run. It is thought that you are to profit off of 20 pips with scalping. But you know, different trades, each with 20 or 30 pips... there you have it – your profit.
When scalping you need to follow and remember when important monetary data is issued as that can be a perfect time for losses and thus imperfect time for us.
2. Daily Fibonacci pivot trade
With this strategy you are going to only use daily pivots. Although you can technically extend this strategy into longer periods of time it is at its
best with those who want to short. As Fibonacci trading includes no restrictions on the number of pivots you are totally free to do whatever you wish in order to profit.
But of course, you need to know everything there is to know about Fibonacci trading in order to take full advantage from this strategy.
3. Pop-n-stop.
There are a lot of different market instruments which are going to tell you whether the price is going to go up or down. and in order to trade according to this strategy you need to perfectly know all of them.
This one is based on chasing the price of the asset as it goes up. I have to be honest, it doesn’t always work as you need to have a little bit more experience and feel the market better. That is why pop-n-stop is not that best suited for the newbies, but it is still pretty great for those who want to get rich off trends.
4. Trading fractals.
In case you want to know what all of the current maker’s movements mean and what is going to happen next you need to take wind of this trading strategy. It is more like a concept, but it still works for millions of traders around the world.
5. Bolly band Bunce trade.
What makes this strategy almost perfect? Trading signals. These two were made for each other, because as perfect as they work with each other and as effective as they are together – it is a rare occasion in the markets.
6. Bladerunner trade
The strategy based on a price action is suitable for any time frame and for any currency couple, as it is mostly used in the currencies segment of the market.
7. Combination of any of the above.
You can technically mix and match. And you can use each of them with trading signals. Also. The more of them you actually know, the more profit you can seize from every trade, as each of these strategies is suitable for different timeframe and different situation in the market.
What strategy do you prefer to implement?
