There are multiple reasons why the forex market may be an attractive option to investors, even for beginner traders who have little to no experience. The forex market is highly accessible, requires only a small deposit of funds in order to make a start, and is available for trade 24 hours a day, 5 days a week. While the forex market may be complex, it can be successfully navigated through due diligence, self-education and taking it step by step.
Risk management technique in which a trader can offset potential losses by taking opposite positions in the market
Forex martingale strategy
For every losing trade, you double the investment made in future trades in order to attempt to recover your losses, as soon as you make a successful trade.
Forex grid strategy
Uses buy and stop orders and sell stop orders to profit on natural market movements.
Trading strategy that involves buying and selling currency in pairs in a shorter time frame – usually between a few seconds and a few hours
A more conservative approach to scalping with trades being focused on daily price trends. Trades may be open anyway between one to four days, but focus on the major sessions for each market
A medium-term trading approach that focuses on larger price movements than scalping or industry trading. Which means traders can set up a trad and check in on it every few hours or days rather than having to constantly watch their platform