Day trading strategies in Forex have a number of advantages - they eliminate the need to constantly observe the dynamics of rates and market indicators all day long, allow you to earn money with a small deposit, and are the least stressful for the investor.
This approach is conservative but invariably profitable, with due attention to macroeconomic factors affecting stock market trends.
Today's selection presents best Forex strategies on daily charts... The top five includes the most profitable trading systems.
5. "Three candles"
Ideal for beginners, it is based on a simple yet elegant candlestick pattern.
The essence of the "Three Candles" strategy is to determine a short-term change in the direction of price movement, which makes it possible to open a trading position in the direction of the momentum and thus get a small profit. This strategy is actively used by some of best forex advisors... We wrote about them earlier.
4. "Lazy Trader"
Naturally, the daily Forex strategies included in the rating are designed to maximize the time spent on the exchange. A "lazy trader" will require investor attention for a maximum of 30 minutes per week.
A trade is opened once a week on Mondays after the close of the first 4-hour candle, at the very borders of which pending orders are placed. Orders are closed either on Friday evening, or when profit is reached.
3. The7
According to statistics, the profit for this strategy is 3-5 times higher than the losses, which makes The7 one of the most profitable trading systems. At one time it was used best traders in Russia, the rating of which we published earlier.
The so-called channel trading system is based on the establishment of moving averages - these are EMA 5 (Low) and EMA 5 (High). As a result, a channel is formed through which the selection of deals will be carried out.
2. "Ruler"
All deals in the trading system are opened once a day after the close of the daily candle. Two moving averages are set on the chart of the selected currency pair: SMA 10 and SMA 200. In addition, horizontal levels are plotted on the chart, on the bounces of which the entries are made.
At the same time, purchases are considered at support, and sales at resistance.
1. Price Action
This popular trading system - the best daily Forex strategy to date... The strategy is based on the analysis of price behavior and does not depend on lagging indicators.
This approach allows you to enter trades not in the middle or end of a trend, as is often the case with indicator trading, but at the very beginning, ensuring maximum profit.
As a result, a trader takes no more than 15 minutes daily to analyze the current state of the market.