Daily Forex trading strategies have a number of advantages - they eliminate the need to continuously monitor the dynamics of exchange rates and market indicators all day, allow you to earn with a small deposit size, and are the least stressful for an investor.
Such an approach is conservative, but invariably profitable, provided that due attention is paid to macroeconomic factors affecting exchange trends.
In today's selection are presented best forex strategies on daily charts. The top five included the most profitable trading systems.
5. “Three candles”
An ideal option for beginners is based on a simple, but at the same time elegant “candle” pattern.
The essence of the Three Candles strategy is to determine a short-term change in the direction of the price movement, which makes it possible to open a trading position in the direction of momentum and thus make a small profit. This strategy is actively used by some of the best forex advisors. We wrote about them earlier.
4. “Lazy trader”
Naturally, the daily Forex strategies included in the rating are designed to save time on the exchange as much as possible. The Lazy Trader will require investor attention for a maximum of 30 minutes weekly.
The transaction is opened once a week on Mondays after closing the first 4-hour candle, at the very borders of which pending orders are placed. Closing orders is made either on Friday evening, or upon reaching profit.
3. The7
According to statistics, profit from this strategy is 3-5 times higher than losses, which makes The7 one of the most profitable trading systems. At one time, it was used by the best traders of Russia, the rating of which we published earlier.
The so-called channel trading system is based on the establishment of moving averages - this is EMA 5 (Low), as well as EMA 5 (High). As a result, a channel is formed through which the selection of transactions will be carried out.
2. "Ruler"
All transactions in the trading system are opened once a day after the close of the daily candle. On the chart of the selected currency pair, 2 moving averages are set: SMA 10, as well as SMA 200. In addition, horizontal levels are applied to the chart, on the bounces of which entries are made to transactions.
At the same time, purchases are considered for support, sales are considered for resistance.
1. Price Action
This popular trading system is the best daily forex strategy to date. The strategy is based on an analysis of price behavior and does not depend on lagging indicators.
This approach allows you to enter trades not at the middle or end of the trend, as is often the case with indicator trading, but at the very beginning, providing maximum profit.
As a result, the trader takes no more than 15 minutes daily to analyze the current state of the market.
