newspapers

Are you new in forex? Or have you been trading for a while?
No matter how long you have been trading, these resources on how to build a consistent and profitable trading strategy will be worthy.


The most important advice is that the key is comfort. No matter what strategy you use, you have to be comfortable with the system you chose. It has to fit your personality or style in order to last and be efficient. Also, having a personalized strategy will prevent a collapse that could bring more losses than profits.

Alex Ong presents in this webinar what he calls “easiest beginners strategy around”, a better way for a newbie to make money in the markets. A resource that is highly recommended if you’re starting in Forex

In this enlightening article, Sam Seiden emphasises the importance of simplicity in trading strategies. His advice: the best way to simplify is focusing 100% on where the significant institution buy and sell orders are.

Richard Perry has it clear: having a trading strategy is absolutely vital to help you succeed in trading. In this webinar he explains how to build a trading strategy step by step and what factors you must avoid during this process.
 

Also visit: Trading Strategies on Educational section


In this article, Charis Charilaou gives some advices on how to optimize trading strategies. What he proposes is to apply money management considerations to the analysis of the market situation. 
As he explains, this model will allow you to see “why it makes little sense to get very excited when a trade wins or very upset when a trade loses which results in one more very important added advantage in forex trading: much better trading psychology”.

Have you ever realised there are links between making a good wine and making a good trading strategy? In this podcast Rob Booker talks about them and other interesting things about trading strategies.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Education feed

Editors’ Picks

EUR/USD tops 1.12 amid risk-on mood, ahead of data

EUR/USD is trading around 1.12, the highest since March. The safe-haven dollar is weakening amid optimism for reopening and stimulus, shrugging off civil unrest. Services PMIs from both sides of the pond and ADP's jobs report are both eyed.

EUR/USD News

GBP/USD retraces gains under 1.2600, Brexit, US data eyed

GBP/USD consolidates the latest gains just around 1.26 amid dollar weakness. The Brexit impasse continues despite hopes for mutual concessions. Markit's Final Services PMI beat expectations with 29 points, still reflecting deep contraction.

GBP/USD News

USD/JPY consolidates near 2-month tops, just above mid-108.00s

USD/JPY struggled to capitalize on the early uptick amid sustained USD selling bias. The upbeat mood undermined the safe-haven JPY and helped limit deeper losses. Investors now look forward to the US macro releases for some meaningful impetus.

USD/JPY News

Editors’ Picks

EUR/USD tops 1.12 amid risk-on mood, ahead of data

EUR/USD is trading around 1.12, the highest since March. The safe-haven dollar is weakening amid optimism for reopening and stimulus, shrugging off civil unrest. Services PMIs from both sides of the pond and ADP's jobs report are both eyed.

EUR/USD News

GBP/USD retraces gains under 1.2600, Brexit, US data eyed

GBP/USD consolidates the latest gains just around 1.26 amid dollar weakness. The Brexit impasse continues despite hopes for mutual concessions. Markit's Final Services PMI beat expectations with 29 points, still reflecting deep contraction.

GBP/USD News

USD/JPY consolidates near 2-month tops, just above mid-108.00s

USD/JPY struggled to capitalize on the early uptick amid sustained USD selling bias. The upbeat mood undermined the safe-haven JPY and helped limit deeper losses. Investors now look forward to the US macro releases for some meaningful impetus.

USD/JPY News

US ADP Preview: Half as bad as April is still terrible but markets have moved on

The toll of the pandemic and the reaction in United States rises each week as unemployment mounts to levels surpassing the Depression yet markets have a seemingly unshakable focus on the incipient recovery.

Read more

Gold: Prints rounding top on 4-hour chart above $1,700

Gold stays mildly offered after stepping back from $1,745. Considering the bullion’s moderate pullback since the week’s start, a potential rounding top bearish formation appears on the 4-hour chart. An ascending trend line from April 21 is on the bears’ radars.

Gold News

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology