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Various trading strategies in forex

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Forex trading is a red product in the financial markets, which means investors may lose half or all of their funds during trading. This may be closer to speculative trading. However, there are various trading methods that traders apply to gain profits.

The most common and widely used strategy is learning how to trade on support and resistance. The support and resistance areas themselves are considered to be areas that prevent prices from moving further, in these areas rejection often occurs so that they are potential areas for gaining profits.

However, the different ways to determine support and resistance can make a difference in perspective when looking at support and resistance.

Several methods used to determine support and resistance refer to the FXOpen blog such as Trendline, closest swing points, round numbers, Fibonacci retracement, Pivot points, and dynamic lines such as using MA or Bollinger bands.

Apart from this strategy, it turns out there is also a unique strategy called Triple Gap or San-Ku. This term may or may not be Japanese. I just discovered this term in an FXOpen blog article.

Basically, San-ku is a triple gap or three gaps that have the potential to provide a reversal trading signal. This pattern is characterized by three candlesticks with gaps between one candlestick and the next candlestick in a row.

In my experience, this pattern rarely occurs during trading with FXOpen UK, I have never encountered a triple gap formation at one time. Most often you encounter a gap on Monday after the market opens.

However, if for example  encounter a San-Ku or Triple Gap pattern, this may provide a strong reversal signal considering that the trend will have a peak


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#1 - February 08, 2024, 11:29:17 PM

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Traders use various strategies to achieve victory in trading, one interesting method to learn is trading using a triangle pattern, this pattern usually reflects the possibility of trend continuation. Triangle patterns are common in the forex market.

Triangle patterns are typically divided into three types, namely ascending triangle, descending triangle and Symmetrical Triangle.
The trading strategy that is often applied to the triangle pattern is to wait for the breakout, where in the ascending triangle there is often a breakout at the top line of the triangle, whereas in the descending triangle, there is often a breakout at the bottom of the triangle line. However, traders need to use a stop loss to anticipate a false breakout.

How to trade this triangle pattern can also be learned on the FXOpen blog, there it is accompanied by example images that make it easier to understand.
#2 - February 13, 2024, 12:50:38 AM

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There are many factors that influence trading success, such as accurate market strategies, but of course we should only learn a few strategies that are suitable for us.
#3 - February 13, 2024, 10:20:18 PM

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There are many factors that influence trading success, such as accurate market strategies, but of course we should only learn a few strategies that are suitable for us.
Yes, that's right, if we use a strategy that suits us, we will be much more comfortable when trading, we will be more relaxed, and we will be able to make trading plans with discipline, but there is no harm in adding insight into trading strategies.
#4 - February 14, 2024, 11:47:39 PM

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