7 Effective Trading Strategies for Beginners and Advanced in 2023
Author : Andrey Goilov
In R Blog, we have discussed a whole range of forex trading strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate 7 trading strategies of 2022, which will be especially useful for you if you have not tried some of them yet.
Always keep in mind that however beautiful trading strategies may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.
Explore a world of diverse trading strategies in the list below, each accompanied by a comprehensive post featuring profound descriptions and clear trading rules. Simply click on the links corresponding to the strategy names to unlock all the essential information you need to confidently apply them in the financial markets.
1. The Fishing trading strategy
The Fishing trading strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The strategy uses special indicators that you may download from the detailed description of Fishing.
The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.
An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.
2. Woodies CCI trading strategy
The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.
The author gives an interesting variant of trading the indicator chart; in essence, we do not need the price chart at all, you may open positions by the Woodies CCI signals only. The drawback is exactly the difficulty of such a system for beginners; for good work of the trading strategy, you still need to know the basics of tech analysis. On the other hand, you can back-test all the signals, gaining useful experience of work with the indicator.
3. Three Moving Averages strategy
Moving Averages are the oldest instrument of tech analysis. As soon as a strong trend begins, virtually no indicator will give better signals by the trend.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team
Author : Andrey Goilov
Dear Clients and Partners,
In R Blog, we have discussed a whole range of forex trading strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate 7 trading strategies of 2022, which will be especially useful for you if you have not tried some of them yet.
Always keep in mind that however beautiful trading strategies may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.
Explore a world of diverse trading strategies in the list below, each accompanied by a comprehensive post featuring profound descriptions and clear trading rules. Simply click on the links corresponding to the strategy names to unlock all the essential information you need to confidently apply them in the financial markets.
1. The Fishing trading strategy
The Fishing trading strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The strategy uses special indicators that you may download from the detailed description of Fishing.
The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.
An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.
2. Woodies CCI trading strategy
The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.
The author gives an interesting variant of trading the indicator chart; in essence, we do not need the price chart at all, you may open positions by the Woodies CCI signals only. The drawback is exactly the difficulty of such a system for beginners; for good work of the trading strategy, you still need to know the basics of tech analysis. On the other hand, you can back-test all the signals, gaining useful experience of work with the indicator.
3. Three Moving Averages strategy
Moving Averages are the oldest instrument of tech analysis. As soon as a strong trend begins, virtually no indicator will give better signals by the trend.
Read more at R Blog - RoboForex
Sincerely,
RoboForex team