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Forex position trading strategy

Forex position trading strategy

Forex position trading strategy is one of the most secured trading strategies..Position trading is a popular long-term trading strategy​ that allows individual traders to hold a position for a long period of time, which is usually months or years. Position traders ignore short-term price movements and prefer to rely on more precise fundamental analysis​​ and long-term trends. In the forex market, a trader can hold a position for as long as a few minutes to a few years. Depending on the goal, a trader can take a position based on the fundamental economic trends in one country versus another. Well, 60 mins charts, Daily charts, and Weekly charts are the most frequently used timeframe charts to take a positional trade. Spotting the trend of the stock on the weekly chart is necessary.

What is trigger chart?

A trigger line is a moving average plotted on the moving average convergence divergence (MACD) indicator that is used to generate buy and sell signals for security. The trigger line, or signal line, is a nine-period exponential moving average (EMA) of the MACD indicator line. Your entry trigger tells you that once you’re in the potential trade area when to actually enter the trade. This is your specific entry technique. … You want to make sure it is “safe” to enter the market (i.e. a high probability trade setup).

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