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The Easiest Forex STRATEGY! You must watch! 🙄

what is the easiest Forex strategy to

implement I'm gonna go over the four

types of Forex strategies and show you

guys which one I think is the easiest

for new traders to get started with okay

let's roll the intro

[Music]

all right traders what's up guys welcome

back to the top trader channel it's your

head trader here Cleveland Bishop hope

you guys are having a good week

so so far okay we did put out a Monday

market breakdown earlier this week so if

you guys have not watched that make sure

you go check it out I'll put it down in

the description all right and so so you

guys are notified subscribe ok so that

way you don't miss any of our videos and

like the video for you boy

I appreciate it ok so when you are

starting off in the FX business

hopefully you have some really good

solid knowledge to basically understand

exactly how markets work how they

function who are the larger market

participants certain facets of you know

volatility expected moves you know all

the different like knowledge the actual

dictionary knowledge that need to learn

and effects because once you have that

you can start creating environments and

start defining edges ok and so an edge

is any advantage that you have over the

market alright and so there are certain

ways that you can get in the market all

right get exposure into again a

potential price move and certain ways

are easier than others ok and so if

you're starting off in the FX business

it's gonna be important for you to

define exactly what type of trader you

are and to understand that ok well not

only do I need to understand the type of

trailer I am I need to make sure it fits

in with my personality and that it's

conducive to my current experience level

ok so I'm about to break down so you

guys the four types of trading

strategies and then I'm gonna give you

guys the last one is going to be the one

that I think you guys should be

implementing alright but to do that what

we're gonna have to do is we have to

head over to the whiteboard because it's

a lot of drawing and stuff like that

alright so guys come following the right

board and let's get started

[Music]

all right so the first type of strategy

we're gonna be discussing is the

pullback but remember I am gonna be

basing the easiness off of these

strategies in terms of how they rank

based off with the average winning

percentage okay because and when a

percentages differ depending on the

strategies take a look alright so let's

say you're in a trending market and

you're looking to catch a pullback or

retraced it in the up in the ascending

trend right or descending trend to the

sell side okay so your job as a pullback

trader right is to be able to calculate

and define well when markets will be at

a discount and how much of a discount

they'll be right so usually you're gonna

have certain indications as to where

you're going to catch the sale side move

right so maybe you say to yourself

alright usually around a 30 percent

retracement that's when I start to take

markets back to the upside

maybe you're looking at it in regards to

structure hey if markets hit back off on

a previous structure that's when I'll

start to look for a move to the upside

it just depends on what your key

indications are all right so again for

us or for anybody again it's gonna be

your job to calculate this point right

here okay and so the reason why I think

this is one of the hardest strategies

and why most people see it's one of the

other strategies because if markets end

up popping off and sell I mean selling

back down sell side and stopping before

that price area then you don't have an

entry right and let's say markets end up

getting to your price area right you

start to you know get yours get some

sizing in that price area but then

markets can break down south side and

continue in the direction that you are

assuming that they were going to go in

so either you can miss the trade

entirely or you can be a little bit

early as to when you think markets are

technically coined at a discount all

right and so this part right here is

really the reason why we see most

traders fails because they're having a

hard time calculating the other end of

it right usually they'll potentially

have their stops to type so when they

come into this price area they'll just

might be a little bit of volatility that

whips them out and then markets just

start heading back in their general

direction

okay so pullback trading usually you

guys are going to have lower winning

percentages if you guys remember

or have ever read anything about the

turtle traders they were training

traders and their average winning

percentages were in the 30s and the 40s

and maybe sometimes they got to the 50s

but they were very excellent traders

because the pros to this type of

strategy is the fact that you have all

this upside so you caught markets at a

discount right so you automatically have

this amount of upside that gives you

profit but again it's a trending move as

well right so that means you can break

from the high and potentially start

rolling stops and things in that regard

so the risk to reward ratio is higher

for pullback strategies but the locked

winning ratio is lower okay but it

compensates with that reward ratio okay

next

so next another type of strategy that

again has a lower winning percentage is

a counter trend strategy aka a mean

reversion strategy we do use this

strategy really heavily in our community

we have somewhat mastered a we have a

very simple way of kind of getting in on

that move you guys won't know we're no

more a little bit more about that just

click the link down in the description

below ok but this is how this strategy

usually works let's say we're in that

trending move right markets are trading

to the upside tricking to the upside

maybe in a momentous fashion you're not

getting a lot of very sizeable pull

backs ok your job as a mean reversions

trader or a counter trend trader is to

calculate when that high is going to

actually happen alright and so think

about all the times where you can have

situations where you're faked out right

you have some guys that are trying to

catch the high here you have other guys

that are trying to catch the high here

there are many many situations where you

could potentially continue to be wrong

because you're looking for that overall

general corrective move back down into

structure so again it's another scenario

where you have a pretty large risk

reward ratio because you're looking for

a entire correction but it's going to be

hard to catch that high and every time

you don't pop you got markets bringing

you out okay so this is why this is

another not complex or complicated

strategy just again based off of the way

it functions and based off of the way

you're defining your edge and getting

into the move you will have a lower

winning percentage okay some big-time

counter trend traders where people like

George Soros I'm Paul Tudor Jones was a

big counter turned trader as well

alright so again you can research

different people that are

you know great at different types of

strategies to give you a better idea as

to how you need to be executing in it as

well ok we're countering traders as well

but we're also the last type of strategy

that I'm going to discuss with you guys

which again is the most important one

that you guys need to understand if

you're new ok but we got one more before

that one ok all right so this one is

pretty simple actually it's that's why

it's the next to the last one because

right before the last type of strategy

that I'm going to tell you guys about

this one range-bound

market trading strategies consolidation

based strategies are pretty simple as

well because what you're simply doing is

picking tops and bottoms right but you

have to define a range now for example I

was trading on the Japanese yen back in

2013 and it was in this ridiculously

tight range I'm gonna show you guys the

screenshot here and every time markets

got to this base I mean we just bought

over and over and over again up until

the Japanese started to do this QE

program and now you see markets just ran

outside of that range extremely fast and

then it was accelerated by the fact that

the dollar started to end their QE

program so you saw a massive price move

ok but before that price move in that

sentiment driven market markets were

fairly range-bound ok and so that's

again a strategy where simply you're

seeing certain structures form and

you're basically now saying hey my

outcome that is gonna weigh in my favour

right my predictable outcome of buying

the market down here at this lows is

somewhat confirmed or helped by the fact

that every time markets get to this

price level there are some type of

buyers alright so the biggest thing that

I see traders that trade this type of

strategy do is again it's probably based

off of the stops being too tight usually

they'll say to themselves okay here's my

somewhat general area as to where I see

Marcus turning back around I'm gonna

have my injury may be here and so there

might be even wicks that come back down

into that price area but you're maybe

ignoring them you might be only looking

at the closes of the candles alright so

in that event markets can come back down

into the structure give you a little up

move or something along those lines and

then maybe pull you out and then start

to break higher okay what markets love

to do is they love to create larger

ranges so whenever you see a tight range

you know markets are about to break out

of that and so what could happen is it

really give you one of these immediately

create it to be a larger range and then

give you the price move that you're

looking for but before it does that it

could for you out okay so you always

have to identify and try to categorize

okay is this range you know pretty tight

is it pretty large if so based that's

gonna give me an idea as to how I'm

gonna manage my money around that type

of position okay but these strategies

can work pretty well and they have a

decent winning percentage I'd say they

probably clocking around the high 40s to

the mid 50s in regards to their winning

percentage but the great thing is the

stop isn't too far out right it has a

pretty decent restore ratio because

again hey at the end of the day if

you're looking for markets to continue

in a range any kind of even you know

somewhat sizable move outside of that

you've already liquidated the actual

asset unlike a trending market where

literally markets can be trending and

you could probably see retracements from

the sixty one point eight to the thirty

eight point two okay so that's a pretty

large margin of error for a trend

trading strategy again that's why you're

getting your lower rent weights but for

this one things are a little bit

different because again any move out you

have a pretty easy idea that's to say

okay let me get out all right last but

not least let's discuss our last

strategy so this treasure here folks is

gonna be good for your beginners because

of again the way it functions it's

what's called a breakout strategy and a

lot of people can also call them Momo

basically Momo strats basically momentum

based strategies and because it's it's

pretty simple understand so think of it

in this context let's say we're in a

trending move okay and by the way there

are different types of trending markets

I'm gonna talk about that just a second

because breakout strategies work really

well for some types of trending markets

and not so well for other types but the

thing about a breakout strategy is it

can be used on higher time frames or

really low time frames five minutes

thirty minutes you know it depends on

what how you execute okay so simply

breakout strategies markets trading to

the upside in some type of general

direction you get some type of

consolidation you're not in the market

at all as of yet all you have to do is

identify the consolidation and identify

the extension once you have that boom

now you have basically an entry alright

so as long as markets and as long as you

think that markets have the propensity

to continue to trade in

that same direction well then that

immediately means you have a defined

edge because let's say that your target

for mark is to revert back up into was

maybe some type of 50% retracement level

on some larger price structure well then

now you can take breakouts all the way

back up into that price area up until

you think that okay we might start to

have markets turn around a bit and see

some consolidation okay so again that's

simply what a breakout strategy is the

way it functions in regards to its top

placement of things like that are pretty

simple as well usually you're going to

have your stops underneath the structure

that formed where you were looking for

the entry and your take profit is

usually going to be the size of that

structure okay maybe double the size

three times the size it really just

depends we like to see one to one reward

ratios for this type of strategy and we

exercise this type of strategy very very

well inside of the community okay so

we're going to learn a little bit more

about it

you guys can click the link in the

description so again it's pretty simple

to understand I think this is probably

your best bet when you're a new trader

maybe looking for momentum you can see

momentum based off of fundamental news

releases you can see momentum based off

of market and efficiencies weak legs

okay that's a little bit complex maybe

Google error getting up inside the

community we can discuss that but there

are lots of different causes where you

might have a momentous move okay and so

lastly I mentioned a second ago that

there are two different types of trends

alright and so I'm actually gonna talk

about that tomorrow so if you guys

subscribe you guys will see that pushed

out or if you come or coming here later

it should be right next to this video

okay but it's really important for any

trader understand that there are

different types of consolidated markets

different types of trending markets and

certain strategies are gonna perform

well in others okay so that's gonna be

the video that we're gonna drop tomorrow

if you guys have any questions about

this stuff please let me know what type

of strategy

are you executing I'll be interested to

know that as well alright guys so look

average owes to trader pearls happy to

have you guys here at the top traders

will talk to you guys soon