Simple at Epektibong Diskarte sa Forex (Bahagi 1)

There are as many Forex trading strategies for beginners as for professionals in the same way that there are as many strategies as there are traders. This is hardly a surprise considering the number of factors involved in creating an effective Forex strategy. When creating a trading strategy, some of the factors that you should consider include:

- Details relating to the market and economy,

- Analysis theories and tools,

- Traders real abilities to understand the behavior of other market players.

First of all, what makes a Forex strategy simple and effective？ The first element or determining factor should be having criteria that are easy to understand, and at the same time, sufficient details, so that any trader can put the winning short term trading strategy into practice without any hesitation in its execution. If you consider the more complex requirements of a simple trading strategy, you need to consider the following question : Does CFD trading strategy require constant analysis and attention from the trader, time or money？ This is the question that we will address in this series as we explore simple and effective Forex trading strategies.

However, before that, we should point out a major flaw in the thinking process of a novice trader when it comes to trading. New Forex traders are used to seeing the currency market as impersonal. They constantly see charts and information affecting the market, but never other traders. Then, here is the problem : These traders can view the market as a factual unit over which they have no control. In fact, they are wrong to adopt this attitude, because the Forex market is constantly changing and certainly, traders activity has an impact on the market. To be successful, a trader must be inclined to see beyond a priori and give themselves a competitive advantage against other traders.

In practice, no single beginner Forex strategy can cover every market condition, every price formation, and every case you might encounter. Therefore, it is important that you do one of two things:

- Develop a CFD trading strategy and apply it only under its own conditions,

- Have a set of well-learned and effective trading strategies that can be applied to a number of different cases depending on the market conditions.

While these are the most reasonable options, they come with their drawbacks. The first option requires a lot of patience ; About the second one, it means that you must be able to control your emotions and not be unsettled by conflicting signals.

In this series, we'll outline three simple and effective Forex strategies that suit different markets - and while fairly straightforward to understand, we've got the details for you to apply them.

Each trading strategy varies over time, capitalization requirements and strong mental discipline are required. The trading strategies are:

- The breakout trading strategy,

- The simple trend strategy,

- The carry trade strategy.

As a novice trader, your job is not to memorize and copy these simple and effective trading strategies, but to understand the underlying principles on which they are based, test them carefully and look for areas for improvement according to your current market or your personal trading preferences.

(To be continued ...)

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