Best Strategy For Trading Forex

 The question has been asked a lot of time by lots of traders out there what is the 'Best Strategy For Trading Forex'. Well I'm here to answer that question today about the so called 'Best Strategy For Trading Forex' the truth is there is no holy grail in Forex Trading and literally no Best Strategy For Trading Forex but there are certainly strategies out there that can make you tons of money from the market if you know how to apply them on the market charts.

There are lots of strategies out there that are quoted as 'Best Strategy For Trading Forex' but the truth there isn't and in the forex market we always look for probabilities that's all there is, so in this article I'm going to share with you the 'Best Strategy For Trading Forex' in my opinion that I have used and has made me profits from just trading these strategies and it comes with way of 'Chart Patterns'. Now before we proceed I will like to say this real quick there is no guarantee that this Chart Patterns will work out for you same way it did for me because I have dedicated lots of time to practice and it took a while in recognition of the Charts Patterns on the screen and therefore I will advise you to practice there is no better road to success than to practice really hard.

My 10 'Best Strategy For Trading Forex'

1. Double Top Chart Pattern

How to trade the Double Top Chart Pattern: The Double Top Chart Pattern is a Signal for Sell. As indicated in the Image look for level in the market where market found resistance twice it may be of equal highs or one leg of price maybe slightly lower than the other. Then mark out the support level as your neckline and wait for a Breakout to occur and there is your Sell Signal. 

2. Double Bottom Chart Pattern

HOW TO TRADE THE DOUBLE BOTTOM CHART PATTERN: The double bottom chart pattern is just an opposite of the double top chart pattern. It is use for Buy Signal. Look for level in the market where price found support twice mark out the resistance level as neckline and wait for a Breakout to occur and there is your Buy Signal.

3. Rounded Top Chart Pattern

How To Trade The Round Top Chart Pattern: The round top chart pattern is traded as a reversal pattern. To identify it market structure should be in an uptrend and a round shape should be seen forming as a sign of buyers loosing it's momentum. You have to train your eyes to be able to identify this rounded top chart pattern once you identify it you draw a neckline as seen on the image above connecting two relatively closed support levels together and wait for a Breakout to occur and there is your Sell.

4. Rounded Bottom Chart Pattern

How To Trade The Round Bottom : The round bottom chart pattern is traded as a reversal pattern. To identify it market structure should be in an downtrend and a round shape should be seen forming as a sign of sellers loosing it's momentum. You have to train your eyes to be able to identify this rounded bottom chart pattern once you identify it you draw a neckline as seen on the image above connecting two relatively closed resistance levels together and wait for a Breakout to occur and there is your Buy Signal.

5. Rising Wedge Chart Pattern

How to trade the rising Wedge Chart Pattern: The Rising Wedge is traded as a Continuation Pattern. It's more or less like a Pullback. To identify it market structure should be in a downtrend then a pull back should happen looking like the market has reversed draw a channel using two trendlines and price should be heading to a smaller range as it goes upwards the range gets smaller. Forming the shape of the letter V and wait for the breakout to the downside and there is your Sell Signal.

6. Falling Symmetrical Triangle 

How to trade the falling symmetrical triangle: The Falling symmetrical triangle is traded as a reversal Pattern. To identify it market structure should be in a downtrend then price should be trading in a tight range. price should be heading to a smaller range as it goes downwards the range gets smaller. Forming the shape of the letter V and wait for the breakout to the upside and there is your Buy Signal.

7. Triple Top Chart Pattern

How to trade the triple top chart pattern : The Triple Top Chart Pattern is similar to the Double Top Chart Pattern and it  is a Signal for Sell. As indicated in the Image look for level in the market where price found resistance thrice  it may be of equal highs or one leg of price maybe slightly lower than the others. Then mark out the support level as your neckline and wait for a Breakout to occur and there is your Sell Signal.

8. Triple Bottom Chart Pattern

How to trade the triple Bottom Chart Pattern: The Triple Bottom Chart Pattern is similar to the Double Bottom Chart Pattern and it  is a Signal for Buy. As indicated in the Image look for level in the market where price found Support thrice  it may be of equal lows or one leg of price maybe slightly lower than the others. Then mark out the resistance level as your neckline and wait for a Breakout to occur and there is your Buy Signal.

9. Cup and Handle Chart Pattern

How to trade the cup and Handle Chart Pattern: The Cup and Handle Chart Pattern is almost  as the round bottom chart pattern but only this time there is a minor pullback which forms the cup handle. The cup and Handle Chart Pattern is traded as a Continuation Pattern. Market structure is Bullish and the round bottom is formed as a sign of failed sellers trying to take over the market, followed by a minor pullback to form the handle of the cup and we wait for a Breakout once the cup handle is formed and there is your Buy Signal.

10. Inverted Cup and Handle Chart Pattern

How to trade the inverted cup and Handle Chart Pattern: The Inverted Cup and Handle Chart Pattern is almost as the round top chart pattern but only this time there is a minor pullback which forms the cup handle. The inverted cup and Handle Chart Pattern is traded as a Continuation Pattern. Market structure is Bearish and the round top is formed as a sign of failed buyers trying to take over the market, followed by a minor pullback to form the handle of the cup and we wait for a Breakout once the cup handle is formed and there is your Sell Signal.

Now that ends today's article on our next article we will be covering other Best Strategy For Trading Forex that I use in terms of Chart Patterns and like I said earlier the chart pattern I mentioned here in this article will only be of use to you if you can dedicate your to time to practice and train your mind to recognize on the screen. Now if you have any questions you can leave a comment and if you want us to Make a video on all the chart pattern mentioned on this article then be sure to leave a comment as well and we will do so....