Forex is a form of foreign currency and foreign exchange.In simple words forex trading is a trading on currencies from different countries.who is traders they are playing forex trading strategies because to decide buying and selling of a currency pair.Trading strategy can depends upon technical analysis.Along with recent trading report in every day more than $5 trillion forex trading volume.
Forex Trading strategies:
Forex trading strategies made by traders.If you are new forex trading you can get the forex trading strategies.
Fundamental analysis is a part of forex market to analysing economic and social forces.Fundamental analysis is a good way to new traders because they don’t know how to start trading fundamentally.So new traders should be takes help of fundamental analysis.
Technical analysis is a another good way for traders that is helps to identifying trend in currency trade movement and selecting best trading strategies based up on position of currency price.
Momentum trading is depends upon awareness that strong price movement in a particular situation that price movement trend will be following in that situation.Momentum strategies will be take price and volume.
Reversal trading is seeking to anticipated a reversal in a price trend with the attention of a trade ahead of the market.Reversal strategy difficult and consider more risky.
Breakout trading means stock out pricing movement and breakout happened different types of market, traders may be enter either short position and long position after stock price breaks.