Top 5 most used forex strategies

During market analysis, traders must decide if they want to trade down or up. Also, they should define funds for a deal they can invest. Lastly, they should select one of the options; selling or buying.
Most complex part of marginal trade is estimating the exit or entry moments of a market which ought to be founded on certain technical elements, fund management and types of orders.
The entry and exits points are determined for short time periods like hours or minutes rather than weeks or months. Technical instruments are employed for all scenarios. Following are a few significant rules for carrying out analysis.
1. Tactics for trade on basis of Price Breaks: Three methods exist in this regard; close position beforehand, open a position during a break, wait till a rollback occurs after a break. Each of these approaches has its own pro and con, thus sometimes a combination of these approaches is employed. While trading where numerous lots are involved, traders have the option of opening a position at all three of the stages. Also, traders may open one little position a little ahead of the calculated break, thereafter open extra positions when prices decline through the correction trend following a break.
2. Trend-line Cross: This special signal permits traders to either enter Forex market or leave it well in time, particularly when some important as well as reliable trend-line is crossed. Naturally the other technical elements must also be taken into account.
3. Trend trading strategy using Resistance/Support Levels: Support level breaks could indicate the opening of a long term position. A stop loss can be set just below the closest support level or directly beneath the level of break, which in turn would act as a supporting function in this scenario. The decline in prices that reach support levels during up-trends and head towards resistance levels during down-trends may be employed for opening new positions as well as adding lots to the profitable positions already opened. While placing stop loss signals, it is significant to consider the support and resistance levels.
4. Gaps: The gaps in prices that appear in the bar charts could also be employed for selecting the correct moments for opening or closing positions. Stop loss may be set underneath a gap. During a downtrend a small position can be opened while the price touches lower borders of a gap. In this scenario, stop signals ought to be set above the gaps.

5. Scalping: This trade strategy is generally used by traders that work with short terms like those of 1 or 5 minutes. In case prices go up traders buy, if prices fall, they sell. The rule is that traders perform approximately 15-20 pips per day or 25% from daily ATR. The only drawback involved with this trade tactic is that traders must always monitor the market concentrate on charts invariably.
In this article we have listed the most widely used trade tactics, however its always up traders what they choose. At times traders choose some strategy and later on switch to some other more suitable strategy.