Forex Forex trading techniques

There are a few Forex trading techniques that have proven their worth over time and are known to have minimum chances of failure, if applied accurately. Some of the most useful Forex trading techniques are mentioned below:

1. Hedging: Hedging is a way to reduce the risk by taking both sides of the trade simultaneously. In simple words, you need to go long as well as short on the same pair.

2. Position Trading: This strategy involves trading based on your overall exposure to a currency pair.

Even though there are hundreds of strategies available on the internet, the above mentioned techniques are time-tested by many professionals and are ideal for any beginner.

 

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