- Scalping: Small Quick Profits Can Add Up
- Best Day Trading Strategies:
- The Best Forex Trading Strategies That Work
- A Complete Guide to Day Trading Forex
Hi Raynor- Great stuff like usual! I watch all of your youtube videos… so I feel like you are one of my best friends.
- Best Day Trading Strategies.
- Trade with Top Brokers.
- A Complete Guide to Day Trading Forex.
I use a hybrid strategy- trend follower leaning a little toward swing trading. Two words… Heiken Ashi!!! If your readers are having trouble finding or exiting trends tell them to try looking at the charts with some Heiken Ashi glasses on. It has helped me to find a really strong trend easier and stay in the trade a little longer.
My win rate since switching to Heiken Ashi has had a dramatic improvement. First I look at a chart using Heiken Ashi candles, then if it meets my visual scan, I will switch to regular candles for a secondary confirmation. Again- Thanks for all the great info. Hi Rayner- Sorry for the typo in spelling your name in my post above.
I know its Rayner… I should have proofread before hitting submit. On which timeframe do you use the Heikin Ashi?
Scalping: Small Quick Profits Can Add Up
Can you give a little more information? Many thanks!!! I would suggest trading in positive swap directions or at least pairs with fairly low negative direction. Trading on the daily timeframe has turned my trading around. I have time to analyse my watch list, I have time to find where my area of value is and get an entry there, I have time to figure a stop loss and target profit…. I also have time to walk my dog, work out, family etc etc. I just wish I started with swing trading, wasted money trying to be a day trader and hitting supernovas etc. Love your work Rayner, please keep It going.
So my question is what i think is to set up an order above the support with a stoploss of one percent entery under it and also an order under resistant with stop loss of one percent above the resistance. And you do this to 10 markets the market which hits my order and go little bit further from my order i update then my stop loss to where am satisfied with the profit i want.
Best Day Trading Strategies:
Doing very well on my demo account thanks to your insight. Made more money trading on the Daily and 4Hr than any other. Thanks indeed. I read this from the beginning to the end… Omg.. I really gained alot from this…. Thank you. This helps a lot. Now I know using daily time frame best suits me. Thanks a lot Rayner. Thank you very much for this timely.. My mentor is Ed Seykota.. I think this is his way to trade. Am new to trading.. Please log in again.
The login page will open in a new tab. After logging in you can close it and return to this page. Share 0.
The Best Forex Trading Strategies That Work
Tweet 0. Hi Rayner, This was very insightful and truly appreciate your efforts in educating retail traders. Hey Rayner Thanks for this beautiful article. Wish to add some points here: Trade Journal:- last 2 months I have been religiously maintaining journal to analyze performance.
Awesome stuff, Brian. Hi Rayner, How would you differentiate between pullback and reversal? Thank you very much for this information. If you trade a lot of markets, it can take you a few months. Thank you, sir. Hi Rayner Thank you very much for your ever insightful guides. Hi Rayner, I am the follower of your you tube channel and now reading the articles in your website to improve my Forex trading knowledge. Hi Ivan, On which timeframe do you use the Heikin Ashi?
A Complete Guide to Day Trading Forex
Hi legend Rayner i hope you are healthy and happy. Most of the time down trend and up trend. So Rayner pls I need you to answer me and let me know if this strategy is a goed idea or not. Your sincerely Albaraa. There are a lot of figures in regards to how many traders successfully make money and how many traders occur a loss of money. First you will need:. Download our free e-book. Decoding the most common terms used in forex will speed up traders understanding of the world of currencies: Currency Nicknames:.
Technical Indicators in Forex Trading Strategies Technical indicators are the calculations based on the price and volume of a security, and are used both to confirm the trend and the quality of chart patterns , and to help traders determine the buy and sell signals. In Forex technical analysis a chart is a graphical depiction of price movements over a certain time frame.
Perhaps the major part of Forex trading strategies is based on the main types of Forex market analysis used to understand the market movement. What is Forex technical analysis? Forex technical analysis is the study of market action by the primary use of charts for the purpose of forecasting future price trends. Forex traders can develop strategies based on various technical analysis tools including —.
Forex traders can conduct a Multiple Time Frame Analysis by the use of different timeframe charts. Technical analysis strategies are a crucial method of evaluating assets based on the analysis and statistics of past market action, past prices and past volume.
Trends represents one of the most essential concepts in technical analysis. All the technical analysis tools that are used have a single purpose and that is to help identify the market trends. What is a Forex Trend? Much like any other trend for example in fashion- it is the direction in which the market moves. More precisely and good to know, the foreign exchange market does not move in a straight line, but more in successive waves with clear peaks or highs and lows. There are three types of trends that the market can move in:.
During any type of trend, traders should develop a specific strategy. The buying strategy is preferable when the market goes up and equally the selling strategy would possibly be profitable when the market goes down. But when the market moves sideways the third option — to stay aside — will be the cleverest decision. In order to fully understand the core of the support and resistance trading strategy, traders should understand what a horizontal level is.
A horizontal level is:. In order to develop a support and resistance strategy traders should be well aware of how the trend is identified through these horizontal levels. Range trading identifies currency price movement in channels to find the range. This process is carried out by connecting a series of highs and lows with a horizontal trendline.
In order to determine the upward or downward movement of the volume, traders should look at the trading volume bars usually presented at the bottom of the chart. Using Multiple Time Frame Analysis suggests following a certain security price over different time frames. The whole process of MTFA starts with the exact identification of the market direction on higher time frames long, short or intermediary and analysing it through lower time frames starting from a 5-minute chart. While technical analysis is focused on the study and past performance of market action, Forex fundamental analysis focusses on the fundamental reasons that make an influence on the market direction.
What and how people feel and how it behaves in Forex market is the notion behind the market sentiment strategy. Forex trading strategies can also be developed by following popular trading styles including day trading, carry trade, buy and hold strategy, hedging, portfolio trading, spread trading, swing trading , order trading and algorithmic trading. Read Review. Day trading strategy represents the act of buying and selling a security within the same day, which means that a day trader cannot hold a trading position overnight.
Day trading strategies include:. In case of performing day trading, traders can carry out numerous trades within a day but should liquidate all the trading positions before the market closes on said day. Important Note: The longer a trader holds a position, the higher the risk of losing will be. Depending on the trading style chosen, the price target may change. Forex scalping is a day trading strategy based on quick and short transactions, used to make numerous profits on minor price changes. Scalpers, can implement up to hundreds of trades within a single day — and is believed minor price moves are much easier to follow than large ones.
The main objective of following Scalping strategy is:.