Forex Strategies | Methods | Range and Trend
Actually, there are so many different forex trading styles and strategies for forex traders.
The two strategies that are the most common and the reason they are the most common is because they are opposite of one another.
1-Range trading and 2-Trend trading.
Range Forex trading strategy is popular for buying low and selling high.
identifying a price level to enter where sellers stop selling and buyers are more likely to start buying.
These price points are generally obtained by identifying levels of supply (Resistance) and levels of demand (Support).
Indicators and oscillators can help you time entries as well.
Trend strategy is one of the most widely used strategies.
One of the most common strategies used by new comers and professional experienced traders is a trend following strategy.
Trend Strategy simply means identifying one direction trend may be in up or down direction.
we don’t consider ranging in between.
We only go to trade in one direction either it is ranging, and it is depend on your fundamental and technical studies.
As I discussed about Trend following is popular because strong trends tend to produce the largest results in one direction either up or down.
But some time one direction makes false signals because of your weak fundamental hold.
Like political and economical knowledge.
Fortunately, trading trends is simple.
The ease of identifying trades is in large part why new and experienced traders utilize some form of trend analysis in their trading plan.
Once again I advise if you are day trader so you may be adopt of ranging trading style means of buy from support and sell from resistance of any currency pair.
If you are interested in trying out trading trends, but are unsure where to start.
find out which of the ways to trade a strong forex trend fits your personality the best.