Tuesday, July 9, 2013

Learn Forex: 3 Ways to Trade a Strong Forex Trend | DailyFX

DailyFX: "The Forex market consistently attracts traders of all skill levels and strategies. With unconventional methods of economic stimulus becoming more conventional recently, strong trends have developed in the valuation of currencies. One common Forex strategy utilized is a trend following strategy.
There are 3 ways to identify trading opportunities into the direction of a strong trend.

  • Buy the dips, sell the rallies
  • Breakouts into new highs or lows
  • Diversify with currency baskets"

Full article