Learn Forex Currency Trading Online

It has been usually seen that the name of online share markets evokes interest in those who are unaware of the market policies but want to dabble in share market just in order to gain windfall gains. This is not a healthy sign for the ignorant as trading in forex investments and reaping benefits thereof is a difficulty job that includes high level of stake. Thus, it is very important to learn forex currency trading online as ignorance can be a dangerous affair.

Forex trading is speculative in nature therefore it should be kept in mind on the part of the investor that he/she is prepared for the unforeseen circumstances. In order to facilitate the online brokerage, there are many online sites that help in providing the methods to learn forex currency trading online that can help in increasing the overall knowledge of the investor.

They help in providing brokerage tips to the budding investors so that they are able to understand the intricacies of the market and predict the nature of the stocks so that they can improve the profit making capacity on their part. In order to learn forex currency trading online, there are many websites that provide online forex trading courses that can be handy in understanding the basic principles of market trade. It instructs about all the basic terms and technical languages used in the forex trade.

Once the user is well versed in the basics of online forex trading, he/she can approach the broker who will help him in opening the account and dabbling in shares and forex deals. This includes 24-hour open market which is facilitated by the Internet. In this market, the trader can bet on the forex reserves and attain benefit form the share market. Thus, it is very important to learn forex currency trading online. Without its knowledge, one is at the constant risk of losing his hard earned income.

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Forex Trading & Losing Trade Off

If you don't believe the above consider this fact:

The ratio of winners and losers today, is the same as it was 50 years ago.

This is despite the advances in news and distribution and all the other tools that traders have available to them - the ratio has remained the same.

Why?

Because they don't help you win!

Think about it - if traders made money listening and acting on news stories, then they would all be rich and this is not the case.

Sure, the stories and arguments sound convincing, but that's all they are opinions and stories and the people giving these stories and opinions are NOT traders.

The market is a discounting mechanism and quickly reflects all news instantly - it's discounted and the market is looking to the future.

Trade the news and Your Trading The Past.

Also, if you listen to the news you will let your emotions get involved and trade with the herd and this is a bad place to be - most lose!

Keep in mind that the market news is most bullish at market tops, remember 1987 and the tech stock bubble? Well, when they crashed the news was out and out bullish.

The best way to trade is to ignore the news and use a technical approach to trading. By doing this, you will see the reality of price as it is and act on it - this will keep your emotions out of your forex trading.

Will Rogers once said:

"I only believe what I read in the papers"

He was joking of course, but most traders base their forex trading signals on what they have seen in the news and then wonder why they lose.

There is a huge amount of news online, on TV and in the papers, telling you what has happened and for this its very good, however for telling you what is going to happen, it is of no use at all.

So if you want to win in online forex - trading don't pay attention to the news!

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Top 10 Best Forex Trading Strategies that Work

If you’re in the pursuit of finding the best Forex trading strategy and the keys to choosing a strategy that first fits your own personality than this post is going to reveal the top 10 best Forex trading strategies that work. The best way to consistently make profits in the Forex market it completely and totally depends on you, the trader.


Unfortunately, there is no cookie-cutter strategy that is going to work for everyone as this is not a one-size-fits-all business and that’s one of the main reasons I’m going to present a variety of Forex trading strategies from where you can choose. A good strategy is one that has a decent winning percentage a good risk to reward ratio and easy to execute. There is no strategy that wins 100% of the time and that’s one of the reasons why also we need a strategy with a good RR. Going forward, we’re going to share with you 10 Forex trading strategies that will work for many different trading styles. Each of the trading strategies has its own foundation and while some are trend trading strategies others are breakout strategies or momentum trading; short-term trading – even scalping on the 1-minute time frame; and reversal trading. So here’s the list, in no particular order, of our Best Forex Trading Strategies that actually work!

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1.    The London DayBreak Strategy

The London DayBreak Strategy is a day trading strategy that takes advantage of the London open trading range. It’s a momentum breakout strategy that only requires up to no more than 15-minutes of your time. The London DayBreak Strategy only makes use of two simple technical indicators: the MACD which is a trend-following momentum indicator and the 50-EMA. A buy signal is generated only when we’re trading above the 50-EMA and the MACD histogram is raising above the signal line and vice versa for a sell signal. The preferred time frame for the London DayBreak Strategy is the 15-minute time frame.

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One of the Best Forex Trading Strategies – The London DayBreak Strategy

2. The 1 Minute Scalping Strategy Using the CCI and Slope Indicator

If you’re a scalper trader who likes the feeling to be in and out of the market very fast than the 1-Minute scalping strategy using the CCI and the TMA Slope MT4 indicator might be a great scalping strategy to trade with. Trading with faster charts like the 1-minute time frame can be very dangerous for many traders; however, by using the TMA Slope indicator you’ll only be taking the high probability setups. The TMA Slope indicator is a complex technical indicator that can read the market conditions quite well and in this regard when we have tight range conditions it will keep you away from taking bad trades. The precision of this strategy is unmatched which is one of the benefits of trading the 1-minute chart.

The 1 Minute Scalping Strategy Using the CCI and Slope Indicator

3. Price Action Trend Strategy

The Price Action Trend MT4 indicator is a trading system that can generate profitable buy and sell signals with a high degree of accuracy. The preferred time frame for this strategy is the 5-minute chart, but it can perform even better on higher time frames. This is a very versatile strategy because it can generate trend continuation signals as well as reversal signals. If you have just started trading this strategy is very easy to follow as you only have to buy when a green arrow appears on the chart and sell when a red arrow appears on the chart.

Price Action Trend Strategy

4. Stretch Breakout Channel Strategy

The Stretch Breakout Channel strategy is a scalping strategy designed for the short-term trader that wants to take advantage of the usual breakout move that happens during the London and New York session. The strategy uses the power of the momentum to determine whether a rally has behind real buying pressure or whether a sell-off has behind real selling pressure. If you’re tired of the false moves around the openings of the major trading sessions, this is a pretty good strategy. The Stretch Breakout Channel MT4 indicator can also be used independently to trail your stop loss and can be a great tool to be incorporated into your personal trading strategy.

Stretch Breakout Channel Strategy

5. The USDCAD Trend Strategy

The USDCAD is one of the most traded currency pair and certainly the price action is much easier to be read. The USDCAD Trend Indicator is a trend following strategy designed to generate buy and sell signal. The USDCAD Trend strategy is constructed based on the CCI indicator, but it’s a much more complex and versatile version. If you’re having problems with not knowing where to buy or sell and more importantly, where to place your protective stop loss or where to take your profits than the USDCAD Trend strategy is very intuitive and easy to follow strategy. This strategy potentially can generate for  you more than 5000 pips per month when executed correctly.

We included The USDCAD Trend Strategy in our top 10 selection of Best Forex Trading Strategies

6. The PipBoxer Reversal Strategy

If you’re afraid of a sudden change in the market trend and you’re having a problem identifying when the market is about to top or bottom than the PipBoxer Strategy is the right strategy for you. This is a reversal strategy that uses an improved version of the Stochastic Oscillator or the RSI indicator. The PipBoxer indicator will provide you with very accurate overbought and oversold levels in the market. The PipBoxer MT4 strategy utilizes multiple time frame analysis in order to determine the most accurate reversal signals. This technical indicator is easy to read and unlike any other oscillators, it gives less false signals.

The Top 10 Best Forex Trading Strategies – The PipBoxer Reversal Strategy

7. The Alligator EMA Crossover Strategy

The MTF Alligator T3 is an exceptional crossover system and if you’re a fan of the EMA crossover strategies then this strategy is for you. This is a trend reversal strategy as well as a trend-following strategy because it predicts the shift in the current trend as well as it will determine the strength of the current trend. The Alligator indicator and is an aggregator of 6 moving averages constructed with certain parameters that will help you determine and control the direction and the trend force.

The Alligator EMA Crossover Strategy is considered one the Best Forex Trading Strategies because of its simplicity

8. The Range Scalping Strategy

Range trading can be one of the most frustrating things you’ll ever face in your trading career because of the many false breakouts. The Range Scalping Strategy is a very easy strategy that will help you take advantage of the market’s range. The Forex market as a whole spends more than 70% of the time in consolidation and you really need an adequate strategy for this specific trading environment. Within a trading range, you can draw trendlines and often times these trendlines are very good triggers for getting into a range trade. The premise behind this strategy is that once a breakout of these intra-range trendlines occurs this is indicative of a shift in momentum and the probabilities of a reversal increases.

The Range Scalping Strategy is among one of the  Best Forex Trading Strategies that we have used

9. Fractal Channel Strategy

Trading support and resistance is one of the most popular forms of trading, however, because of the different market forces that drive price trading based on static support and resistance can be a bad strategy. The Fractal Channel MT4 indicator will enhance your trading experience by generating dynamic support and resistance levels in real time. The support and resistance levels are very accurate. The Fractal Channel MT4 indicator is a universal indicator that can be used on any time frame and on any currency pair. We only want to enter the market at extreme levels because that’s when the odds of winning are greater and in this regard, we’re going to enter only when we see a breakout above/below the Fractal Channel.

The Fractal Channel Strategy certainly belong in this list of Best Forex Trading Strategies that Work

10. The Legendary Turtle Trading Strategy

If you want to follow the steps of the most successful traders in the world than the Turtle Trading Strategy is one of the most recognized strategies that used to produce hundreds of millions of dollars in profits. The Turtle system is straightforward and a long signal is triggered once the currency pair breaks to a new 20-day high while a short signal is triggered once the currency pairs break to a new 20-day low. The only disadvantage is that the turtle strategy has a very low winning percentage and it requires a very high level of discipline in taking all the signals because you’ll never know which one of the breakouts will be the catalysts for a long-term trend development.

How To Choose A Forex Signal Service

How To Choose A Forex Signal Service

It's all too easy to get sucked in by a company's past results and start dreaming of how you're going to spend the profits you are going to make by following their signals. It's important to remember that the past results of a company's signals do not always tell the whole story. Very often the figures will be exaggerated or hypothetical in nature.

For example, you will often find that a signal provider will boast about their past results by using the best result possible from their signals. In other words if they make a profitable sell signal and it goes down 50 points before retracing back to it's original value, they will claim that this signal resulted in a profit of 50 points. The reality however is that no trader, however skilled he or she is, can consistently get out at the top or the bottom of a move.

So these types of signal providers are not the best ones to join in my opinion simply because they distort their figures and probably don't even trade them themselves. If you find that the signal provider doesn't actually trade the signals themselves you have to wonder why not if they are as profitable as they claim.

Instead you should look for companies run by a professional trader or team of traders who do trade their own signals. This not only gives you added confidence in their signals but also ensures that they don't massage their figures when it comes to past performance.

It's also a good idea to join signal providers that have their own live trading room. This ensures that not only do you learn from the trader who's constructing the forex signals, but you also learn some valuable tips and strategies from other traders as well.

Another point to consider is whether or not they have a free trial period. Forex signals can be very expensive so you really want to find a company that offers this service otherwise you're going to have to go in blind and potentially risk your hard earned cash before finding out whether a company is any good or not.

So to sum up, when choosing a forex signal provider you want to find one that's run by a professional trader who has a good past performance, trades his own signals and ideally offers a live trading room and the option of a free trial before joining.

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The 1 Trade A Week Forex Trading System

The truth is that you can make just as much money as short-term traders and scalpers by looking for just one excellent trade per week which has the perfect set-up. By that I mean taking a position where all your favoured technical indicators are in harmony and indicate that a strong movement either up or down is highly likely.

If you've been trading for any length of time you may have noticed that every so often you get what appears to be the perfect set-up (this occurs not only in the currency markets, but in other markets as well). More often than not these positions can unwind and can potentially yield several hundred points profit, which has to be better than constantly scalping all day for a few points here and there.

Just one of these per week can be enough to make an excellent living from forex trading, and you may even find that you get several of these ideal set-ups per week, depending on how many currencies you track and what time frame you are using.

You can tailor this method to suit your own particular charting techniques.

For example if you use multiple technical indicators you can look for positions on the 4 hour or daily charts (to catch the big moves) and only look to enter a position when every single indicator you use correlates and strongly signals either a long or short position should be taken.

Alternatively you may trade over multiple time-frames and use the shorter time-frame to enter a position. For example, you may look at the 4 hour, daily and weekly charts to see the overall trend and if they are all trending upwards, for instance, then look to enter a long position when the 1 hour chart indicates an oversold position.

Obviously these two examples don't throw up possible trading opportunities all the time but when they do they can be very profitable, and the great thing is that you just need the occasional high probability trade to make good profits.

I think you'll agree that this has to be better than constantly sitting in front of your computer screen for hours on end looking to pick up 5-10 points here and there, particularly if you have a full-time job or don't have the time to watch the markets all day.

There's nothing wrong with short-term trading, I do a lot of it myself, but taking the time to find high-probability longer term positions, where all the odds are in your favour, can be just as profitable, if not more so, and is far less stressful.

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