Books BECOME EXPERT TRADER IN 30 DAYS, FOREX STRATEGIES FOR PROFITABLE TRADING PART TWO CONTAINS ANOTHER NEW SET OF 35 FOREX STRATEGIES

Roadmap to Become an Expert Trader in 30 Days

Start with the Basics: Learn forex terminology, market mechanics, and currency pairs. Use demo accounts to practice risk-free.

Build a Trading Plan: Set realistic goals, outline your risk tolerance, and define your preferred trading timeframe and strategies.

Master Core Strategies:

Trend Trading: Trade in the direction of prevailing market trends.

Range Trading: Buy at support and sell at resistance within sideways markets.

Breakout Trading: Enter trades when price moves outside established support/resistance levels.

Scalping: Make quick, small trades for tight profits.

Swing Trading: Hold positions for several days to capture short- to medium-term price swings.

Position Trading: Invest long-term, focusing on broader macro trends.

Discipline and Psychology: Stick to your plan, keep a trade journal, and learn from both successes and losses.

Risk Management: Always use stop-loss/take-profit orders and manage position sizes.

Leverage Technology: Consider automation and copy-trading for scalable growth.

PART TWO: New Set of 35 Forex Strategies (Short Summary)

This “part two” set typically features more specialized and hybrid strategies that add depth and versatility to a trader’s toolbox:

Multi-Timeframe Analysis Strategies: Combine signals from two or more different timeframes for confirmation.

Volatility-Based Approaches: Use indicators like ATR (Average True Range) to trade during high-volatility periods.

Order Flow & Auction Market Theory: Focus on volume and order flow to anticipate price moves.

Technical Indicator Combinations: Blend tools (MACD + RSI, EMA + Parabolic SAR) for stronger signals.

News and Sentiment Trading: Capitalize on market movements triggered by major economic announcements and sentiment indicators.

Set-and-Forget Systems: Predefine entry, exit, and stops, minimizing manual management during live trades.

Channel and Breakout Hybrids: Enter on channel boundaries but implement breakout rules for confirmation.

Counter-Trend and Mean Reversion: Trade against the prevailing trend in anticipation of a correction.

Option Overlay Strategies: Use options as hedges or speculative bets integrated with currency trades.

Pair Trading: Exploit correlations or divergences between currency pairs.