Forex Strategy Trading Tips Why Small Victories Will Assist You to Win All Your Trading Battles

October 8, 2011 by  
Filed under Forex review, Forex Trading

As most traders I started by trying to puzzle out Forex trading without any help. I was always hunting for new methods to learn more, bring in more revenue, and be a better trader. Many people also tried to feed me lies, gimmicks, and sales pitches but I didn’t buy into them. Becoming profitable at Forex strategy trading was not simple and it took lots of work and effort. During my journey to become a profitable trader I learned one of the biggest Forex secrets.

Successful traders are not hunting for jackpot trades (normally trades with quite high risk parameters) that will make them large sums of income once in a while. Pro traders are rather in search of trades that can produce them smaller profits repeatedly.

In this article you will learn how you can make Currency trading work for you by trading high probability/ low risk trades. Pick your battles wisely: Choosing the right battles is extremely important to ensure that you accomplish your goals. In Forex trading you must pick time frames and currency pairs that suit your trading needs. For example, if you are looking into trading only for a few minutes a day you may need to learn how to trade lower timeframes. If you are planning to trade everyday you may need to consider day trading and so on.

Be sure to possess the right Foreign currency trading “weapons”: I am careful whenever I choose or build a new trading system. Lacking the appropriate trading tools can be quite detrimental and sometimes it can cause you to lose most or all of your trading funds. The best way to measure the success of your trading strategies is by testing for 3-4 months and then analyzing the final results. Every trading month is different but 3 months definitely seems to be the magic number to perform back testing on a FX strategy. To make an omelet you need to break some eggs: No trader wishes to lose but the truth is that every trader loses money.

Additionally, a successful Forex career is formed by several small failures. Successful Forex traders accept the fact that loses are part of the trading game. What really makes all the difference is your ability to manage your risk and find trading opportunities with high reward to risk ratios. Perseverance will always overcome misfortune: The best way to be a consistent and very profitable trader is by having many small victories time upon time.

When facing a losing streak your perseverance and discipline will be tested. Furthermore, a Currency trader that is consistent, never gives up, and takes smart trading decisions will achieve his goals sooner or later; it’s just a matter of time.

Most beginner traders believe that the way to succeed is to find the “holy grail” trading system or technique that can make you millions. This approach will not take you to where you want to go with your trading career. Focus on using simple trading strategies, solid money management, and keep reading my Forex strategy trading tips 😉 and you will be on your way to become a very successful trader. All the best, Jay Molina Pro Forex Trader & Educator

Jay Oil mill is an advanced Forex to trader that helps to other investors around the world to learn about the Forex market and its rewards and risks. To learn dwells forex strategy TRADING tips visit the Link: http://www. myfxinvestment. com

Forex Trading Strategy ? a Simple Method for 100% + Annual Gains

September 22, 2011 by  
Filed under Articles, Currency

The Forex trading strategy we are going to look at here is not complicated and anyone can do it, but if it is executed correctly it can make you triple digit gains or more with very little effort or monitoring.

So here is your simple forex trading strategy for big gains.

Fundamentals

The first place to start is with the fundamental supply and demand situation.

This sets the tone for the longer term trends that last for months or years and these are the trends you want to be in on.

Currencies move in line with these fundamentals longer term and you are really looking for strong GDP growth. If you look at the currencies that did best against the Dollar this year its countries with strong GDP and Australia led the pack against the dollar.

Two Countries that have economies that doing well compared to the US at present are Australia and Canada and these are set for far higher prices into year end.

Getting In on The Action

Currencies trend for years we all know that but its getting in on the trends that is the hard part and your aim is to get in and then simply hold the trend.

Any currency that is bullish will become overbought at some point and break and when these breaks come you buy them

Use Sentiment tools

Always use these two sentiment tools – Net Traders Positions and % Bullish to check that sentiment is not in over bought territory when you enter the trade. Start with your weekly charts and loo k for support and time your entry with your daily charts.

Risk – Reward

Don’t over do the leverage! You can get 200:1 but on a trade about 10:1 is fine for a buy and hold strategy. What you are going to do then set a stop and leave the currency alone. Hopefully it will trend for months and make great gains if you have been careful in your selection.

That’s your Forex trading strategy! It’s extremely simple but it will make money if executed correctly. The real key is not to overdo leverage have a wide enough stop, so you are not taken out by normal volatility and let the trade run. There are some excellent trading opportunities around that will enable you to do the above so take a look at them and try it.

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On all aspects of becoming a profitable trader including: Free, weekly and daily newsletters, and some essential FREE FOREX Trading PDF’s visit our website at: http://www. learncurrencytradingonline/index. html

The Best Strategy for FOREX | Forex Review

August 31, 2011 by  
Filed under Forex review, Forex Trading


www.guideverygood.com

The Best Strategy for FOREX

1. Temperament and Time Frame A key factor in matching your personality with a trading strategy is the main time frame used by a strategy. If you usually seek activities that provide immediate gratification, a strategy based mostly on a four-hour chart will not work for you–even if you see others making money with it. You will be more comfortable trading a strategy that is built around a lower time frame–15, 5 or 1 minute. These time frames demand your constant attention and participation.

2. Skill Level and Discretion Another factor to consider in strategy shopping is your current skill level. New traders will likely not be successful with highly discretionary strategies.

3. Trade Rooms and Signal Services Another way for beginning traders to find winning strategies is to join a trade room or signal service.

4. Creativity The best trading strategy if you have a creative streak is to “roll your own.” Learn about the fundamental tools of technical analysis and, especially, how price action seems to respond to them. Paper and demo trade your strategy for at least 2 months before taking it live,…… By Darrin Koltow to learn more about Forex please visit www.guideverygood.com

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