Is your search of the best profitable forex trading strategy giving no results? Then you are in the right place. There are hundreds of them out there that are either free or are premium.
The premium ones come tested and with guaranteed favorable results while, on the other hand, the free ones are not trustworthy. The free ones can pose a significant threat to your trading career as they are not tested and do not come with any guaranteed positive results.
Below are some of the strategies that successful traders have used and received consistent profits:
1. Bolly Band Bounce Trade – The Bolly Band Bounce Trade is the best forex trading strategy profits. It involves the usage of Bollinger bands. These bands exhibit the characteristics of an elastic band and hence, the name. The outer bands detect the price bounces which can yield very effective for short-term scalping.
2. The BladeRunner Trade - The BladeRunner Trade purely relies on price action to find entries. It concentrates heavily on the position of current market prices in respect to historical averages. This strategy requires the 20 EMA. Traders can also use off-chart indicators if they feel useful.
The name comes from the 1982 sci-fi film Blade Runner because the 20 EMA acts as a knife in dividing the price.
3. The BladeRunner Reversal - As the name suggests this strategy is a variation of the above mentioned BladeRunner. One of the best Forex trading strategy profits, it uses the Bollinger mid-band and 20 EMA indicators.
This strategy trades both the 20 EMA and the Bollinger mid-band which come primarily hidden within the Forex Polarity indicator.
4. Trading the Forex Fractal – Fractals are reliable ways to speculate in which way a currency price is going to go. It is one of the ways in which traders determine trends. Using fractals gives the following advantages:
They provide significant place for stop losses
This strategy provides safe entry
They can spot significant levels on higher time frames
It also provides natural support and resistance level
5. Daily Fibonacci Pivot Trade – The Daily Fibonacci Pivot Trade is the best profitable Forex trading strategy that gets trend entries by using regular Fibonacci retracements with daily pivot levels.
6. Forex Dual Stochastic Trade – In this strategy a slow and fast stochastic is combined which looks for occasions when these two are at opposite extremes, i.e., 80% and 20%. Traders can also add the 20 EMA indicator, but this strategy works fine without it.
7. London Hammer Trade – As the name suggests, this strategy is useful for trading in the London market. The London Hammer Trade is beneficial where the prices can trend up intensively unidirectional. This method is used by many traders who want to capitalize on their opportunities.
Now that you know about strategies with the best profitable forex trading strategy, you can go ahead and choose one to start with. However, do remember that not all of these strategies work in all markets. On top of that, these strategies differ from person to person depending on their style of trading.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.