What are common Forex trading strategies, and how do they work?
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Common forex trading strategies include scalping for rapid small gains, day trading for same-day trades, swing trading for capturing price swings over days or weeks, and position trading for long-term investments; each strategy requires different approaches to risk management and market analysis, catering to varying trader goals and styles.
Common Forex trading strategies include scalping for quick profits from small price movements, day trading to capitalize on intraday trends, swing trading for medium-term price changes, position trading for long-term holdings based on fundamental analysis, and trend following to profit from established market trends, each catering to different trading styles and risk appetites.