#ForexTrading TradingStrategies Investing Forex DayTrading SwingTrading Scalping BreakoutTrading TrendFollowing PositionTrading

[pipsaddiction]

Forex Trading Strategies Explained:

1. Scalping:

- Quick trades for small profits.

- Use 1-5 minute charts.

2. Day Trading:

- Trades within the same day.

- Use 15-minute to 1-hour charts.

3. Swing Trading:

- Hold trades for days to weeks.

- Use 1-hour to daily charts.

4. Position Trading:

- Long-term trades held for weeks to months.

- Use daily to weekly charts.

5. Breakout Trading:

- Trade when price breaks support/resistance.

- Use 15-minute to daily charts.

6. Trend Following:

- Trade in the direction of the trend.

- Use 1-hour to daily charts.

7. Counter-Trend Trading:

- Trade against the trend during corrections.

- Use 1-hour to daily charts.

💡 Pro Tip: Always manage your risk with stop-loss orders!