What is best forex strategy
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
