August 27, 2021

Alternative Forex Trading Strategies

We are used to following traditional forex trading strategies. But there are some investors that require more advanced and specific strategies to improve their trading.

We are used to following traditional forex trading strategies. But there are some investors that require more advanced and specific strategies to improve their trading. This is why we have decided to create an alternative forex trading strategies guide that would help you understand how to better trade currencies from all over the world. 

Alternative forex trading strategies range from using leverage to following fundamentals or trading signals. Everything depends on the type of trading activities you conduct. You should also adjust these alternative forex trading strategies according to your needs (for example, if you are a long-term or short-term trader).

Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.

Alternative Forex Trading Strategies

There are different alternative Forex trading strategies that you can use depending on your needs. In this post, we share with you three of the most popular alternative forex trading strategies that you can implement at any time. 

Although there are many others, we consider that these three could already help you change the style of your trading and the results you have. Although there is no magic strategy to be profitable at all times, these strategies could be very useful.

Fundamentals Rather Than Technicals

One of the things that most traders do is focusing on technical aspects of the trading rather than fundamentals. We believe that a good analysis involves both technical and fundamental indicators rather than one of these two possibilities. 

However, if you are a person that focuses on the charts and never looks around, you could try using fundamentals this time. At least, you could try having a look at them and understand whether they say to you the same information as your technical indicators. 

Fundamentals focus on different things that could affect currencies. For example, exports and imports of a country could play a very important role in defining the exchange rate. If you see that there are some issues with exports due to weather (some commodities could be affected), and the country highly depends on commodities, then the currency of this country could become weaker than usual. 

Following these fundamental things and indicators is just a good way to increase your knowledge of how specific trends evolve. If you planned for a trading strategy that did not include fundamentals, try adding them this time. 

Leverage Trading

Leveraged trading could be an amazing way to expand your profits when you properly guess the direction of the market. Trading with leverage involves borrowing funds from another person and using them in order to increase your exposure to a specific trade. 

This can be done using perpetual futures where you can borrow funds and open both long and short positions depending on the direction in which you believe the market is going to move. Most of the traders, however, tend to use as much as 100x leverage. 

That means that they are increasing their purchasing power 100 times. If they deposited $200, they can trade with as much as $20,000. If the trader makes a trade of 10% profits, rather than earning $20 the trader will earn $2,000. 

However, if the market moves on the contrary direction and you have no funds to keep the position open (you need to give back the total $20,000 borrowed), then your position could get liquidated (you lose all your funds). 

Follow Trading Signals

You can also follow trading signals. These are trading signals groups that allow you to follow their groups that share unique information about whether the market is moving. AltSignals shares forex trading signals with users that will definitely help you open and close positions. 

AltSignals is one of the most respected and accurate trading signals groups in the world. The team behind AltSignals is sharing trades that allow you to open and close positions on different forex trading pairs. 

You can automate your tradings with a bot. That means that you do not need to be 24 hours in front of the screen. Instead, you can easily let the trading bot follow the signals shared by AltSignals. In this way, your account will be trading automatically all the signals that are shared by this trading signals group. 

These are just some of the alternative forex trading strategies available in the market. But there are many others that you could search for.

AltSignals Team

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.

Latest posts author AltSignals Team

Latest posts from the category Forex