What are the best forex trading strategies

The best forex trading strategy will ultimately depend on what type of trader you are, and your preferences. But some currency trading strategies are more widely used and can be adapted to suit individual traders’ needs.

These include:

Trend trading
Range trading
News trading
Retracement trading
Grid trading
Carry trades
50-pips-a-day strategy
One-hour strategy

Some of these strategies are more top level, giving traders plenty of scope to personalise them, while others are more specific and require attention to detail. Let’s take a look.