Forex trading

Forex trading: Strategy and Skills

Trading is all about making money easily and quickly. But by learning forex you will be making more money with fewer tensions. Now Forex trading is about investing money at a certain point in time and making a profit. Well, forex is much easier to understand than fixed-time. Today, we will learn how to make money with forex trading. I will tell you Five Skills and Five Strategies that you can use while trading in forex. These skills and Strategie will help you counter most things and will be less risky. This Trading system is riskier than other businesses but with Skills, time and Practice you can make money quickly.

Introduction to Forex Trading

Now Forex is basically a trading System where you predict your chosen stock and invest your money to earn profit from it. Now the skills and strategies you will learn will give you the result of your choice with approx 80%. This trading world is a full risk taken stocks but will give you more money quickly than other businesses. Unlike fixed time it is not too risky. So First we will start with the Skills and then we will discuss the Strategies. Read the Skills First because these Skills will affect more than Strategies in your trading Business.

Skills For Forex Trading

1: Learn the Stocks

Now you know about trading. How does it work? and How we make Money From it. But now it is time to learn that how to choose which stock you need to invest in. In apps, These are called assets. So how do learn?

Chooses a stock/asset
Take A day Analysis
Predict the Price and Invest the amount you have

Now after the Analysis of the asset. It will be quite easy for you to understand it and will have less chance of Earning More money. The Amount you invest, make sure that it comes back. Otherwise, you will lose your money.

2: Less Investment More Money

This is a skill that we all should have. We need to burn our money less and make more from it. Now, As a beginner, you should think of learning the business more and less thinking of investment. Because if you Don’t know that what is the business you are investing in, then it’s a total loss. and after learning invests the minimum amount. Trading is a different world of business from the others. You can expect anything from this. So try not to burn your money but just make sure you are investing in the right place and Platform.

3: Learn the Trading Advisors

On some Platforms, you are given some Trading advisors with strategies. These help You in Predicting where the price will Rise or Fall. Now learn them is a process. They do tell the accurate results but give you a hint. For example, you have $10 and you want to invest in amazon Stock. use any Trading Advisor given accordingly. And after some time it will tell you that wheater your price will rise or fall. So learning that will give you the full advantage to make a profit. But You should not totally depend on them. learn your own stuff also so that things will go your way.

4: Investing Price

Now you Started with $10 as your minimum Balance. Now how to gain profit Smartly. start with $1 in the price bar and close your trade-in in 2 mins. you will get a profit of $0.48. Remember this is for forex only. Doing this Will be your Practice in real-time. Now the Sometimes you lose and sometimes you will gain. People that practice first and then go for real. But I say Practice But in the Real-time not Practice mode. Start with as little as you can. So Now you Know investing Price should be between $1 to $3.

5: Use Only One Platform and Chart

Now, this Is important for beginners and they Don’t know the Japanese candlestick. Now First if you don’t know which site of app you should choose that I will recommend you. Olymp Trade is the best app for beginners. Because of its different advantages of Education, Strategies, Trading advisors, and a chance of making more money than others. Now For the chart, you should Choose a Japanese candlestick. This is the best chart That traders use. Because it is easier to read and has great chances of making money with trading.

Strategies of Forex Trading

1: AXEL

Now Strategies may be complex for some to read. but After reading what I have written it will be easy to read for you. Now Axel has two lines line. you can choose any color. Let’s say red and Green. These lines are called momentum. In between, there is a line called the Zero line. When these two cross the zero line and each other you have to trade upwards. When the two lines cross the zero line downwards and then cross each other, you have to trade Downwards. Now It is mostly used for Fixed Time Trading. you Can use it for Forex just to start and Predict nothing else.

2: Diving

Now diving is very hard and very easy to read. But it comes with a lot of things It comes with water waves. just when the waves go up price will go upwards and you have to trade up. When the ware is down then you have to trade downwards. In between, there is a line that is zero. In Simple Words When waves cross zero line upwards, trade up. When the waves cross beneath the zero line trade downward.

3: Barcode

Now Barcode is one of the simple you will get in trading Strategies. It gives you two things. Bearish line and Bullish line. Now listen to Carefully, When the bearish line is above zero line and the bullish line is below the zero line then you have to trade upwards. And When the Bullish line is below the zero line and the bearish line is above the zero line then you have to trade Downwards.

4: Japanese candlestick

Now This is Not a strategy but works like one. Japanese candlestick is basically the best chart you can use while trading. Reading this chart is easy and your chance of making more money increases. The Chart has sticks that look like candles and are easy to read. these Charts make two candles. The candle is green and red. Green represents that the price is rising and moving upwards. The red one shows that the price is falling and moving downwards. So make sure to use this chart.

5: Indicators

Now Using an Indicator is a part of trading. IN apps trading have different indicators with different signals and predictions. Now it’s up to you which indicator you use, but make sure before using the indicators you should learn it. That is how this indicator works. SMA is the best indicator you can use Right now. There are more but I need you to find and learn on your own.

So these are were forex trading skills and strategies that will work for you while trading forex. I will make sure to make a blog at a fixed time. This trading system is the same. It is you who need to understand and start earning. And this trading will help you in the future. Now learn these for the best start in trading and Good luck.

Blog Written By

Blog Fond

Leave a Comment

Your email address will not be published.