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Lesson 8 of 8
Trading Strategies
Forex Trading Styles
| Style | Holding Period | Recommended For |
|---|---|---|
| Scalping | Seconds to minutes | Experienced traders only |
| Day Trading | Hours (close before session end) | Full-time traders |
| Swing Trading | Days to weeks | Part-time traders, beginners |
| Position Trading | Weeks to months | Long-term, fundamental traders |
Strategy 1: Trend Following
- Identify daily trend direction (higher highs/lows or lower highs/lows)
- Wait for pullback to 20/50 EMA
- Enter on bullish/bearish candlestick confirmation
- Stop below/above recent swing point
- Target: Previous high/low or 2-3x risk
Strategy 2: Support/Resistance Bounce
- Identify key support/resistance from daily chart
- Wait for price to approach level
- Look for rejection (pin bar, engulfing)
- Enter with tight stop beyond the level
- Target: Next key level
Strategy 3: Breakout Trading
- Identify consolidation (range or pattern)
- Wait for strong close outside the range
- Enter on breakout candle close or retest
- Stop inside the range
- Target: Range height projected from breakout
Strategy 4: London Breakout
- Mark high and low of Asian session
- Wait for London session to break the range
- Enter in direction of break
- Stop on opposite side of range
- Take profit before New York session or at key levels
✓ Next Steps
Demo trade your chosen strategy for at least 2-3 months. Track your results. Only go live when consistently profitable on demo.
📋 Key Takeaways
- Review this lesson's material before moving on
- Practice the concepts on a demo account
- Take notes on what you've learned