Forex Trading Methods

Some will trade on economic announcements and nothing else. They will wait for an important set of figures for instance to be announced, and look to see what is predicted and how it will affect the markets, and a few minutes before they will buy or sell in the direction of the most likely event.
Some will trade on one chart indicator. For instance there are candlesticks which indicate the direction of a trade on the charts. If you look at say the 10 minute charts, and there are 3 consecutive candlesticks that are green, therefore the trade is going long and people are buying, at the end of the third candle you buy too. One method with this is to place the stop-loss at the opening price of the last candle.
Some will trade when the moving averages on the charts cross over, as the trade may be changing direction then, and going from long to short or vice versa.Some will trade when the stochastic on the chart are showing that a currency is becoming overbought, and then they will go short. And if it is showing the currency is becoming oversold they will go long.