Free Forex Strategy

In this section I have tried to put together a group of FX Trading Strategies for you to try. Most of this free forex trading system can be used on any size trading account including micro, mini and standard.

Proven Forex Trading Strategies
They have tried either by themselves or by friends of my trade and they have proven winning forex strategy. However, as with any forex trading strategy, risk management very well be used at any time.
Choosing a Forex strategy
When choosing a currency trading strategy, it is important to choose the one that best suits your needs. It would be no point in using the strategies you need to watch the London markets during the entire session if you have a day job. Strategies below are all easy to follow forex strategy. You can of course modify them if you feel you can fix them.

Forex Scalping System
It is a little strategy is easy to follow. It involves the determination of major support and resistance points. You can use the Fibonacci retracement for this. Then when prices touched a major support point, go long. Every time hits major resistance point, go short. Tight stops should be used as well as taking a small profit. This allows traders to take advantage of the bounce. Usually there is at least a small bounce in the huge support and resistance points. It would be a good idea to use a broker with a small spread for this strategy so that the spread does not eat into your profits too much. This is a good forex strategy with a lot of potential, but be sure to try it on a demo account first.

Forex Hedging Strategy
A popular FX hedging strategy is to buy GBP / USD and simultaneously sell USD / JPY. The goal is to profit from the difference in interest rates and price movements. Currently a long GBP / JPY generate substantial interest due to swap a big difference between the levels. You have to pay interest on short USD / JPY, but far less than the position of the GBP / JPY long. Normally a good ratio to use is 1.8 lots for short CHF / JPY every lot 1 of the GBP / JPY. However, different amounts can be used.

That's a good idea to leave enough margin in your account to weather at least 1,000 pip swing against you.
This strategy does not involve a great risk because the currency pair EUR / JPY is not guaranteed to go in the opposite direction with GBP / JPY. However, it could be a lower risk method to take part in the popular carry trade. This is potentially very effective forex trading strategy.

Forex Arbitrage System
An arbitration is clearly exists between the major currency trading broker and spread betting the forex broker. Arbitrage situation exists because the spread betting you have the option to have your pips price in different currencies. For example you can have a position gbp / usd pips long that the price of £ 5 per point. For hedging we can use the position of EUR / USD short with a normal forex broker, using a standard lot.

We will assume the starting price is $ 2.
If the price rose to $ 2.20. Short positions would be $ -20,000. The length will

Source : Forex guide