Forex trading strategies are a set of plans or methods that traders use to make money in the foreign exchange market. They vary in complexity, but all forex trading strategies share at least one common goal: to increase the trader’s profits. How Do Forex Trading Strategies Work? To be successful with forex trading, you need to have a good understanding of how currency markets work. Currency markets are divided into two main types: spot and forward. Spot currencies are those that are currently being traded on the open market, such…