I like to discuss some easy forex strategies you can follow

If you want to first rule of forex trading, you have to keep the following in mind.

"The Trend is my Friend"

Forex is a highly trending market.A forex trading system that is based on the trending characteristics of the market is, in short, a system based on common sense and logic.

In order to become a successful forex trader, you need to identify these trends and learn to follow them. Types of Trends When the average price of a currency moves to a particular direction repeatedly then that is termed a trend.There are three types of trends found in the forex market: Long term, Medium term and short term.

The second rule is you have to decide your entry point.

Automated forex trading systems are good at deciding the entry and and exit points since it automates the process of deciding these points.

The third rule is that you have to follow a proper stop loss.If you are not using stop loss, you are doing a great mistake.

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