A Forex Trading system that works
A Forex Trading system that works
Before using a Forex trading method, whatever it is, it is essential to test it on a virtual Forex account, but more especially, to check its effectiveness, look at the past charts and check how many winning orloosing trades the method generates. No method is effective at 100% and all those who try to sell you this type of method get rich by the sales of their expensive ebooks, rather than by Forex. If I would hold a method as effective as affirmed by certain salesmen, I would not waste my time in intensive marketing to sell it, I would apply it with a real account at the forex! I personally apply a method which gives me good results: an average of approximately 70 % of winning trades over a month. I will not sell this method to you, but quite simply will offer it to you. If it succeeds for me, it can to also bring the success to you, but there is no guarantee of success. I have to specify that Forex implies financial risks, and that the amount which you engage on Forex can bring back money to you, but you can also lose all your money. This article does not represent an incentive to invest on Forex or any other system, and you must be conscious that you assume your own risks as soon as you invest on a market like Forex. And now, about the method… In order to apply my Forex Method, you need to have a minimum knowledge about how to read charts, or how to set indicators. First Step: You need to set your chart to a 30 minutes timeframe Second Step: Set up 2 indicators: one simple moving average (MA) set to 4 period - one MA set to 75 period The method is quit simple, and gives you BUY or SELL signals: - If MA4 crosses MA75 upwards, then BUY the pair - If MA4 crosses MA75 downwards, then SELL the pair Does it seem to easy to work?? Take a look at the history of charts, you will be amazed by the results! Some important tips about this method: - Protect your trade with a Stop Loss, set at 25 pips from the entry point - Try to get quick profit from your trade: do not wait for a +150 pips result, +15/25 pips is a good level! - Do not trade against the trend: if all indicators are “up”, do not trade “down”, you will never change the market, even you think you are right!Daily Forex Trader, giving away trade ideas, NO signals!! Please, visit http://forex.webophil.net
Source: www.ArticlePros.com
Trading Price Action Be Like the Pros
I can’t think of a trading strategy that is more underused than trading price action I say this with a great deal of confidence Frankly, all you have to do is look at the stats The numbers don’t lie As of right now 95% of all forex traders are not making any money . .This doesn’t mean that the 5% who are making money were born with super extra intelligence or they can tell the future Being one of the 5%, I can safely tell you that is not the case I, just like most traders, had more than my share of losses when I first started trading the forex market . .The real thing that separates the 5% who are having success from the 95% who are failing to make money, all has to come down to learning from your mistakes The 95% just seem to be making the same mistakes over and over again . .One of the many mistakes these traders make over and over again is this ever long search for the holy grail I’m sure you know what I am talking about They feel the need to purchase the thousand dollar trading platform with every imaginable bell and whistle thrown in While visually it may be real impressive, the results leave a lot to be desired . .Your goal as a trader should be not only to make money, but all try to make trading less complicated If you are the kind of person who is flooding their charts 6 or7 indicators, chances are, you are making things more complicated than they have to be . .When you trade with so many indicators, it would be like having 6 or 7 people just whispering in your ear telling you how to trade Who can concentrate like that? . .What’s so stunning is that most people never even think about just getting rid of all those useless indicators that are just taking up space on your charts, and learning how to trade price action It’’s the oldest form of trading, but to many, its like a hidden secret .
Source: www.rsstnx.com
