There are hundreds of possible currency trading strategies available today. Some focus on fast moves with the news, usually known as "news trading" as you might expect. There are other approaches that attempt to analyze the fundamentals and trade according to the global economic conditions. Finally, there are currency trading strategies that focus on technical analysis - using the interpretation of the charts to make decisions to buy or sell based upon historical chart patterns.

At NetPicks we try to mix the three elements to form our strategies. With the Forex Signal service our approach is one where we do use the charts to form our decisions but take into account the important news events that occurring that day. There are some news events that we purposely exit all positions ahead of since they are so unpredictable. Typically, we do not attempt to try and guess how the markets will react - that's no better than a coin flip. Instead we'll get back into the markets when the charts start to signal a buy or sell again once the trading volatility has settled down.

Our Universal Market Trader currency trading strategy takes a similar approach. We only focus on the times of day where the forex markets are at their most liquid. Though these markets trade 24 hours per day we usually only focus on 4 - 5 of the best hours each session, when range and volume are the best and do all of our trading during those timeframes.

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