Best Trading Strategy for Forex

In this evening I will write about best trading strategy for Forex trading. through this post you also can review the positive and negative of each trading system to determine the good one for your system.

The Best trading strategies for Forex are :

Breakout trading system
Breakout trading system is one of the most popular systems traded in the forex market. Breakout traders defining support and resistance levels and the open trading position as the strong level. They assume that when the market price has strength to break the key level or support and resistance then the market price usually will move in that trend.

The method of this breakout trading system is very easy and very simple, this strategy only need medium understanding of S / R levels.

If the market price is moving in trend and move powerful in one bias, breakout trading system make sure that we will not miss the movement.

Usually breakout trading system is traded when the market price is close to the support or levels of the previous movement. The analysis if that the market price will move forward with the market trend and break or cross the strong support or resistance and then continue. If you want use this strategy all you have to do is place your trading order above resistance or bellow support level. This order we called limit order.

You should remember that this best trading strategy doesn't work very well in sideways market. Because you will get so many false breakout that will bring you in losses.