Or, are you trying to make as much money as possible and are happy to spend all of your time in the markets day in and day out? Most traders come to trading for money and lifestyle. When choosing your strategy, think about what you are trying to set up and achieve with your trading. Yes, there is a lot to learn, and there are a lot of other Forex trading strategies such as breakout trading, price flip trading and trend or momentum trading, but you only need to start with one strategy.

Find the one strategy that suits you the best, practice the heck out of it on your demo and then become profitable with it. Once you have become profitable with your first strategy you can add more and more.

After becoming profitable and successful learning the first strategy, adding the second, third and fourth becomes a lot quicker as you are using the same base methods.

Let me know your thoughts on this lesson and any questions in comments section below;. Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

How do I connect with you. Please I want you to be my mentor. I will like to have more lessons on price action and price movements , and a further information about candlesticks formation. Dear Sir , this article is full of knowledge ,thank you very much , I think I like swing trading and false break strategies , wonder what you currently using. I use all the strategies in this lesson except for position trading because the cons I mention do not suit my style.

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Skip to primary navigation Skip to main content Skip to primary sidebar Skip to footer Forex Trading Strategies For Beginners Free PDF Download.

Forex Trading Strategies For Beginners Free PDF Download I know that it can be incredibly time-consuming, frustrating and just annoying researching Forex trading strategies and different trading styles. Download Forex Trading Strategies PDF. This is an in-depth guide, so I have added a table of contents for ease of use below;. Forex Trading Strategies Table of Contents Forex Trading Strategies For Beginners Free PDF Download. Why You Should Use False Breakout Trading. Long term trading strategy mainly focuses on fundamentals, however, technical methods such as Elliott Wave Theory can be used.

Small market movements are not considered in this strategy as they do not affect the overall picture of the market. This strategy can be applied on all markets from stocks to Forex. As mentioned above, long-term trades have a long-term outlook weeks, months, or even years! This is a strategy for persistent traders.

Understanding how economic factors affect the market or technical trends is essential in forecasting trading ideas. Mid-term trading is a speculative strategy. With this strategy, the trader will have to find a way to take advantage of the trading margin limits as well as the market trend. By selecting the 'top' and 'trough', traders can enter into suitable long and short positions.

Mid-term trades are so named because positions are usually held between a few hours and a few days. Long-term trends are favored because traders can capitalize on the trend at multiple points along the trend.

Forex trading requires a combination of factors to form a trading strategy that works for you. There are countless strategies you can adopt. However, it is essential to understand and feel comfortable with the strategy. Every trader has unique goals and resources, which is something you need to consider when choosing the right strategy.

To easily compare forex strategies on three criteria, the article has shown these criteria in a bubble chart. The horizontal axis is the time invested representing the amount of time it takes to actively monitor trades.

The strategy that requires the most amount of time is scalping due to its high and frequent trading frequency. Every trader needs to find effective forex trading strategies PDF that suit their trading style. Choose your own trading strategy by finding your preferred time frame, desired position size and the number of trades you want to open. Scalping is a popular trading strategy that involves opening multiple trades in a short period of time to take advantage of smaller market movements.

Day traders tend to open and close all trades within a day. Position trading is intended specifically for more patient traders with a background in finance and economics as they seek to profit from long-term market trends. I'm currently living in Bangkok, Thailand. I have been trading forex for more than 5 years.

You can read my articles about the best forex brokers on this page. I made my profits during the covid19 pandemic investing with a professional broker Mr. Fanara Filippo. I'm now on my way to financial freedom. Markets always win the best trade is no trade education in the market is key. FOREX BROKERS WITH THE BEST FOREX DEMO ACCOUNT IN ! CLICK TO SEE FULL LIST. Jan 26 WHO ARE THE SWAP FREE FOREX BROKERS? Jan 02 ALL TYPES OF FOREX BROKERS IN SEE FULL LIST NOW!

Jan 12 WHO ARE THEY? Jan 03 THE 8 BEST FOREX BROKERS IN INDIA Dec 25 4 Forex trading strategies obviously play an important role when you work with the best forex brokers. Learn more about: 4 forex successful trading strategies Price action trading - learn a new strategy now Forex scalping strategies - forex trading strategies for beginners PDF Scalping trading strategy Scalping is a popular trading strategy that focuses on smaller market movements.

Day trading strategy Day trading involves the process of buying and selling currencies in just 1 trading day. Position trading strategy Position trading is a long term strategy. Price Action strategy Price action trading is trading based on the study of price history to build technical trading strategies. Trading strategy between price zones Trading between price zones is about identifying support and resistance points. Trend trading strategy Trend trading is a simple Forex trading strategy used by many traders of all levels.

Long term trading strategy Long term trading strategy mainly focuses on fundamentals, however, technical methods such as Elliott Wave Theory can be used.

Medium-term trading strategy Mid-term trading is a speculative strategy. Effective forex trading strategies Forex trading requires a combination of factors to form a trading strategy that works for you.

Are there three criteria traders can use to compare whether strategies are a good fit? Time spent on the transaction Frequency of trading opportunities Typical distance to target To easily compare forex strategies on three criteria, the article has shown these criteria in a bubble chart. Conclusion Every trader needs to find effective forex trading strategies PDF that suit their trading style. BRKV Apr 14 If you follow the guidelines outlined in this article and implement the approach as instructed, I am assured that you will be able to make consistent profits month after month.

This is a simple yet highly profitable forex trading strategy. The focus of this strategy is to cut our losses short and gain as much as possible. The main driver of this strategy is the Higher Returns and Small Losses. Also, when developing this trading strategy we followed the popular term KEEP IT SIMPLE STUPID. Hence, all the trading signals are generated by the trading system and all you have to do is to place your orders and manage them according to the rules of engagement.

In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish engulfing candlestick patterns to get into trades. Basically, when trading this strategy, after determining the trend, we will ride that trend to gain as much as possible. Also if the trade is not going in our favour, then we immediately cut the losses. For example, have a look at the charts below. It represents how a profitable trade and a losing trade looks like.

With these kinds of returns, achieving consistent monthly gain is simple. For extra clarification, have look at the excel screenshot of our trading journal. It represents how the profitable trades and losing trades are distributed. In the above chart, we got a total of 15 trades. Among them, we only had two massive 60 PIP winners with some small winners and all others were losing trades. That is the beauty of this trading strategy. Now I hope you got a brief idea about how this simple profitable forex trading strategy is going to work.

Personally, I am a huge believer in keeping things simple. First, head over to tradingview. com and open a free account. Then follow the below video to set up your tradingview chart. Ok, Tradingview is now ready. But from which platform are you going to place the trades?

Also, we are using a Minutes timeframe for this strategy. So make sure that you are on the right timeframe. If you want to make a consistent profit each and every month, you need to take control of your emotions. Related: How to Control Emotions Ups and Down When Trading Forex — Trading Psychology. Since we have tremendous returns in this trading strategy, these small emotional problems will not be big deal.

Consider this: even if you have a poor win rate, you can still be profitable due to the higher risk to reward ratio. So you can be a calm trader since the win rate cannot bother you anymore. When it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades. When trading the forex market, Losing trades is one of the most common market events that can harm us, right?

Due to the higher risk to reward ratio, losing trades cannot hurt you anymore because you have a gut in your exponential higher returns. This is a significant step in the direction of becoming a successful trader.

As you know, our trade entry is bullish and bearish engulfing candlestick patterns, and the best thing is, you have nothing to do. Every trade signal is generated by itself in the chart, so just relax and execute. We have three types of trade entries in this simple profitable forex trading strategy. This trade entry technique was developed to catch the trend early as possible or in another word, I can say that this is the first attempt to catch the trend.

Basically, we are waiting for bullish or bearish candlestick to break the 50 Simple moving average. Have a look at the marked area in the above chart yellow circle. On there we can see that a strong bearish candle closed below the 50 Simple Moving Average. This is what I call initial breakout entry and this is a bearish trade signal. In the next chapter, we are going to talk about how to manage risk Setting stop-loss and cutting losses.

On the marked area in the above chart, you can see a bullish engulfing candlestick pattern break and closed above the 50 Simple moving average. This is our buy trade signal. Now, what happens if we do not get bullish or bearish engulfing candles when the price break the moving average? What happens if it is just a regular candle?

Which is…. I use this trade entry technique if I were unable to get into the trade on the initial break of the moving average. In here I wait for the market to slow things down after the initial break of the moving average, then like the previous example, I use bullish or bearish engulfing candlestick patterns to execute the trade.

But we did get a bearish engulfing candlestick after the break and pullback AKA after the breathing stage,. Now here we consider the marked pullback as the breathing stage.

Before we get started, let me tell you something. If you follow the guidelines outlined in this article and implement the approach as instructed, I am assured that you will be able to make consistent profits month after month. This is a simple yet highly profitable forex trading strategy.

The focus of this strategy is to cut our losses short and gain as much as possible. The main driver of this strategy is the Higher Returns and Small Losses. Also, when developing this trading strategy we followed the popular term KEEP IT SIMPLE STUPID.

Hence, all the trading signals are generated by the trading system and all you have to do is to place your orders and manage them according to the rules of engagement. In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish engulfing candlestick patterns to get into trades. Basically, when trading this strategy, after determining the trend, we will ride that trend to gain as much as possible.

Also if the trade is not going in our favour, then we immediately cut the losses. For example, have a look at the charts below. It represents how a profitable trade and a losing trade looks like. With these kinds of returns, achieving consistent monthly gain is simple. For extra clarification, have look at the excel screenshot of our trading journal. It represents how the profitable trades and losing trades are distributed.

In the above chart, we got a total of 15 trades. Among them, we only had two massive 60 PIP winners with some small winners and all others were losing trades. That is the beauty of this trading strategy. Now I hope you got a brief idea about how this simple profitable forex trading strategy is going to work. Personally, I am a huge believer in keeping things simple.

First, head over to tradingview. com and open a free account. Then follow the below video to set up your tradingview chart. Ok, Tradingview is now ready. But from which platform are you going to place the trades? Also, we are using a Minutes timeframe for this strategy. So make sure that you are on the right timeframe. If you want to make a consistent profit each and every month, you need to take control of your emotions.

Related: How to Control Emotions Ups and Down When Trading Forex — Trading Psychology. Since we have tremendous returns in this trading strategy, these small emotional problems will not be big deal. Consider this: even if you have a poor win rate, you can still be profitable due to the higher risk to reward ratio. So you can be a calm trader since the win rate cannot bother you anymore.

When it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades. When trading the forex market, Losing trades is one of the most common market events that can harm us, right? Due to the higher risk to reward ratio, losing trades cannot hurt you anymore because you have a gut in your exponential higher returns.

This is a significant step in the direction of becoming a successful trader. As you know, our trade entry is bullish and bearish engulfing candlestick patterns, and the best thing is, you have nothing to do.

Every trade signal is generated by itself in the chart, so just relax and execute. We have three types of trade entries in this simple profitable forex trading strategy.

This trade entry technique was developed to catch the trend early as possible or in another word, I can say that this is the first attempt to catch the trend. Basically, we are waiting for bullish or bearish candlestick to break the 50 Simple moving average. Have a look at the marked area in the above chart yellow circle. On there we can see that a strong bearish candle closed below the 50 Simple Moving Average.

This is what I call initial breakout entry and this is a bearish trade signal. In the next chapter, we are going to talk about how to manage risk Setting stop-loss and cutting losses.

On the marked area in the above chart, you can see a bullish engulfing candlestick pattern break and closed above the 50 Simple moving average. This is our buy trade signal. Now, what happens if we do not get bullish or bearish engulfing candles when the price break the moving average? What happens if it is just a regular candle? Which is…. I use this trade entry technique if I were unable to get into the trade on the initial break of the moving average.

In here I wait for the market to slow things down after the initial break of the moving average, then like the previous example, I use bullish or bearish engulfing candlestick patterns to execute the trade. But we did get a bearish engulfing candlestick after the break and pullback AKA after the breathing stage,.

Now here we consider the marked pullback as the breathing stage. In the breathing stage, any bearish engulfing candlestick pattern is qualified to place a sell trade. Have a look at the above chart. Just like the previous example, we did not get bearish engulfing candlestick at the initial breakout. But inside the breathing area, we got multiple bearish engulfing. All of these candlesticks inside the breathing area are qualified to go short. When using this trade entry technique, most of the time we get into the trade in the middle of the trend.

We wait for price action to pull back and touch the 50 MA and then wait for a bearish engulfing candlestick to place trade. According to the above, you can see that price pullback to the 50MA and touched it. This is a valid pullback. Now, all we need is a bullish engulfing candlestick to go long. As expected we got a bullish engulfing pattern and after that price shoot like a rocket. As you already know this simple forex trading strategy is highly based on the small risk and higher reward.

Assume you had a bullish engulfing candle and you should place your entry at the closed on that candle. Next, measure the size of that bullish engulfing candle in PIPs and place your stop-loss twice that distance. For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs. According to the above chart, you can see that we got pullback trade entry as the marked bullish engulfing candle is closed.

So our trade entry should be there. Now, the size of that candlestick is 7 PIPs, therefore Stop-loss should be 14 pips which is twice that candle. This is how you place the stop loss when trading with this simple profitable forex trading strategy. We can also avoid larger drawdowns by cutting losses. If you can follow the above rules without letting your emotions affect your trading decision, you can become a profitable trader and a professional risk manager in no time.

Step 1 — If Price Break Above or Below the Engulfing Candle, We Should Close the Trade Manually. Assume you saw a bullish engulfing candlestick pattern and decided to take a long position.

After that, the price break below the trade entry and closed below the bullish engulfing candle. When this occurs, the bullish engulfing is no longer valid, and there is no reason to keep the trade open.

Therefore, we should cut our losses as soon as possible by manually closing the trade. This way we can stop a trade turn into a bigger loss. First, we can see that there is a bearish engulfing candlestick pattern that occurred after price break below the 50 SMA and this is a valid trade entry as well.

What happened after we went short? Within two candles price went up and closed above the bearish engulfing candlestick. Which mean our trade entry got invalidated. Now What? Simple, as a trader and as a Risk Manager, you should cut your losses because our trade entry got invalidated and there is no reason to keep hoping that this trade will turn in our direction. In this step, we are giving some time period to see how the trade plays out.

If the trade has the momentum to move in our favour within that time period we gave, there is no problem. Simply because the momentum is not in our favour.

According to the above chart, we got a breakout entry with a strong bearish engulfing candle. This is our trade entry and we can place a short trade here. Now in this scenario price never tried to close above the entry candle. This is how you take control of your losses and keep your losses short, so that when you hit winning streaks and bigger winners you asymmetrically compound your gains. According to the above chart, we got a strong bearish engulfing entry signal following the break of the 50 SMA.

We can place a short trade there. Right after we executed a short trade, momentum began to kick in and price began to move in our favour, eventually reaching our 1R profit target. Have a look at the red stop loss line. This is the third step on how to cut losses.

Log in with Facebook Log in with Google. Do you think that book knowledge qualified me to actually fly a plane? Then where are you 4 weeks later or less -- back to the same old place. However, the profit target in these trades can be as little as a few hundred pips per trade. This is an in-depth guide, so I have added a table of contents for ease of use below;. Your email address will not be published. We can place a short trade there.

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