This is one of the easiest forex strategies to learn and it means that even if markets and price are going sideways you can still pick lots of winning trades. Many forex traders avoid trading in the summer months as there is usually a lack of a trend.

To be successful as a trader you need to learn to either walk away when your system is not working (no system works all of the time) OR the best option is to have a number of methods that allow you to adapt to changes in the market pattern throughout the year.

In the image you can see how price on the Euro/$ simply went sideways for weeks.

Trend traders would walk away, but the simple solution is to simply trade the bounces off the top and bottom support and resistance areas.

The good thing about this type of trading is that often the risk reward ratio can be awesome. In the following video I show you how to trade the ranges. Its a subject I cover in more detail in the forex mentor program I run and in the free video course on this site.

I go into advanced forex strategies in much more detail via my mentoring service forexmentorpro where for a limited time only you can access the trial for only $1 and start learning advanced forex strategies and much more today.

http://youtu.be/DmyLu6RAa-o

Author: Marc Walton Forex Range Trading