You can keep your great finds in clipboards organized around topics. SlideShare Explore Search You. Show related SlideShares at end. Full Name Comment goes here. Are you sure you want to Yes No. Embeds 0 No embeds. No notes for slide. Currency AnalysisOne of the easy Forex trading strategies for beginners is the use of currency analysis to predictmarket movements and currency fluctuations.
There are two different methods used to analyzecurrency, and these are technical analysis and fundamental analysis. Technical analysis involvesthe price of the currency pairs and is used to help identify any trends and measure the pricevolatility of the currency to detect the trading signals. Fundamental analysis looks at outside andgovernment factors that could impact the value of the currency, such as the unemployment rateand the stability of the current political situation of the country that offers the currency.
Either type of currency analysis strategy can be a good match for beginners, because the analysisis not overly complex and the trading signals are usually fairly clear and pronounced. Somebeginners may do better analyzing the technical aspects of a currency while others prefer usingfundamental analysis instead. Either way currency analysis Forex trading strategies are a goodchoice for many beginners in the Forex market, after the trader has successfully traded using adummy account.
Day Trading StrategyDay trading is one of the most common and most popular Forex trading strategies, and it can beideal for many beginners to this market. With this strategy you will not hold any trading positionsovernight. Instead traders will buy during the day and liquidate all of the positions held by the endof the same trading day.
The longer you hold a position the higher your risk of losing on the trade. Day trading allows you to make many small trades during the day, without taking on higher riskswith your positions. Currency prices are constantly fluctuating through the day, and takingadvantage of these small price fluctuations can be easy to do and very profitable. This is true forbeginners and experienced traders both. The price fluctuations are small, but over the course ofmany trades these smaller profits can add up to a much larger amount.
Support and Resistance LevelsSupport and resistance levels are commonly used as Forex trading strategies, and this is an easystrategy for beginners to learn and follow. Each currency will have price fluctuations through theday and week, and these fluctuations will help identify any future price movements and trends forthe currency. You can research and analyze the past price movements of a currency to identify thesupport and resistance levels of the specific currency.
This method may also be called rangetrading, and to be successful you must identify the typical range of the currency trading activity. This strategy involves identifying the support and resistance points but this is not usually difficult.
Researching the currency fluctuations for the past week or two will help you set these points. Start clipping No thanks. You just clipped your first slide! Clipping is a handy way to collect important slides you want to go back to later.
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