Scalping
Scalping is a strategy that focuses on making numerous small profits throughout the day by taking advantage of minor price fluctuations. Traders using this method need to make quick decisions and execute trades efficiently.
Momentum Trading
Momentum trading involves identifying and trading in the direction of the current market trend. By analyzing news events and market sentiment, traders aim to capitalize on significant price movements.
Breakout Trading
Breakout trading seeks to enter the market when the price breaks above or below a predefined support or resistance level. This strategy relies on the assumption that once a price level is breached, the trend will continue in that direction.
Range Trading
Range trading is based on the idea that prices often move within a specific range between support and resistance levels. Traders identify these levels and make buy or sell decisions when the price approaches the boundaries of the range.
News-Based Trading
News-based trading involves making trades based on significant economic announcements or geopolitical events. Traders assess the potential impact of news on currency prices and position themselves accordingly.
