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1. Currency Analysis
One of the easy Forex trading strategies for beginners is the use of currency analysis to predict
market movements and currency fluctuations. There are two different methods used to analyze
currency, and these are technical analysis and fundamental analysis. Technical analysis involves
the price of the currency pairs and is used to help identify any trends and measure the price
volatility of the currency to detect the trading signals. Fundamental analysis looks at outside and
government factors that could impact the value of the currency, such as the unemployment rate
and the stability of the current political situation of the country that offers the currency.
Either type of currency analysis strategy can be a good match for beginners, because the analysis
is not overly complex and the trading signals are usually fairly clear and pronounced. Some
beginners may do better analyzing the technical aspects of a currency while others prefer using
fundamental analysis instead. Either way currency analysis Forex trading strategies are a good
choice for many beginners in the Forex market, after the trader has successfully traded using a
dummy account.
2. Day Trading Strategy
Day trading is one of the most common and most popular Forex trading strategies, and it can be
ideal for many beginners to this market. With this strategy you will not hold any trading positions
overnight. Instead traders will buy during the day and liquidate all of the positions held by the end
of the same trading day. The longer you hold a position the higher your risk of losing on the trade.
Day trading allows you to make many small trades during the day, without taking on higher risks
with your positions. Currency prices are constantly fluctuating through the day, and taking
advantage of these small price fluctuations can be easy to do and very profitable. This is true for
beginners and experienced traders both. The price fluctuations are small, but over the course of
many trades these smaller profits can add up to a much larger amount.
3. Support and Resistance Levels
Support and resistance levels are commonly used as Forex trading strategies, and this is an easy
strategy for beginners to learn and follow. Each currency will have price fluctuations through the
day and week, and these fluctuations will help identify any future price movements and trends for
the currency. You can research and analyze the past price movements of a currency to identify the
support and resistance levels of the specific currency. This method may also be called range
trading, and to be successful you must identify the typical range of the currency trading activity. If
a currency generally moves between $1.08 and $1.20 through the day then the $1.08 is the
support price, and this is when the trader wants in. When the price gets close to $1.20, the

2. resistance point for the currency, then the trader will usually get out of the position and cash in.
This strategy involves identifying the support and resistance points but this is not usually difficult.
Researching the currency fluctuations for the past week or two will help you set these points.
Curtis L Horn is one of the article authors on investment related website Investment Advisor Tips
Article Source:
http://EzineArticles.com/?expert=Curtis_L_Horn
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For great tips and information on Forex trading click the link below.
easyforexbuy.com
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