I have one goal with this site: They also offer fixed spreads with a guaranteed stop-loss which can be customized upon request. How trades work Risk assessment What to think of. As suggested by its name, this forex swing trading strategy relies on the application of the middle Bollinger line as the main indicator.
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Home Forex Trading — What is it? How trades work What to think of Risk assessment About us. Easy Forex Review Visit Broker. Overview Founded in Cyprus back in , Easy-Forex is one of the most established brands in the online trading industry. The founding members of the website, a group of bankers and… more Read Full Review.
Top Rated Brokers 1 Markets. Articles Forex Trading — What is it? If the candlestick closes, stop loss can be moved up to at least 5 to 15 pips below the bottom the entry candlestick. When the candlestick that reached the middle Bollinger line first is closed, stop loss should be located at least 5 to 15 pips below the bottom the entry candlestick.
For a sell order, stop loss should be put at the level of the upper Bollinger band or 5 to 15 pips above the peak value of the entry candlestick. In buy trade, take profit is at the moment when a candlestick reaches the top Bollinger line, and to the contrary, in sell trade, it is when a candlestick reaches the bottom Bollinger line.
Although the middle Bollinger band strategy might seem complex, it is an easy forex swing trading strategy which requires the application of basic trading skills and knowledge. This swing trading strategy is first of all set to reveal the persistence of a trend. Moving averages are applied for identifying trend movements within this strategy.
Trading signals are formed after retracement. Retracement can be defined as a minor price rally in the upward direction in case of downtrend or downward direction in case of uptrend. Retracements are temporary effects which need to be effectively monitored. Then, the trader has to wait for retracement. When a candlestick touches 9 EMA or 18 EMA and if the previous candlestick's bottom is broken, this is the signal to sell. Stop loss should be place 1 to 5 pips above retracement high. When retracement occurs, the trader needs to monitor candlestick highs.
Stop loss should be placed 1 to 5 pips below retracement "through". The main advantage of swing trading strategies in the forex market is the fact that such strategies allow conveniently managing take profits and stop losses. Get our Free Beginners Guide to Forex Trading, packed with 12 lessons for all those new to forex trading. Using neuroscience, meditation and two decades of trading experience to help give you a successful trader mindset.
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