The Basics of Currency Trading and 9 Forex Trading Strategy Types

Do you think there is anyone in the world who knows all that there is to know about Forex trading?  I wonder myself sometimes if it is possible, but I don’t really think it is.  We are all at different stages when it comes to our understand of the currency markets, and how they work, and how we can profit from them.

Traders who enter the currency markets come from all different types of backgrounds.  Some have MBA degrees from prestigious business universities while others stumble in from a course they may have bought for a few quids on eBay.  Many traders know of only a few different strategies to earn money from the Forex market, but did you know that there are nine (and probably many more) different strategies that one can use to extract money from this economic behemoth.

I bet there are many facts and figures that you could add to this image from your experience in the Forex world so far, and I would be very interested to hear what they are!  You may have run across some forex trading strategies that even vary from the nine listed here in this graphic.  Please feel free to share those as well.  We can all learn from each other.

Isn’t it fascinating all these different ways there are to trade foreign currencies?  I hope you’ve been able to learn something from this brief but interesting post. Maybe it served as a nice memory jogger.  Please feel free to share this post and information with your Forex trading friends–maybe it will help them learn something too.  If you have any questions or notes you’d like to make about this info, just jot them down below and we can discuss them together.  I’m interested to see what your thoughts are and if there are some trading styles that perhaps I left out of this list.

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