When you make your first journey into the world of forex trading, you should be looking for a simple forex trading strategy that’s easy to understand. Once you feel comfortable and confident with beginner forex trading strategies, you can advance to more advanced systems.
Easy To Understand
First and foremost the forex trading system you choose should be one that you understand without a degree in finance. If you spend more time trying to understand the basics of your trading strategy than you do learning and implementing it, that is a strategy too complicated for your skill level.
This doesn’t mean that you’ll always have to stick to simple forex trading strategies, but until you learn more about the foreign exchange market its best. In fact many successful forex traders swear that the best forex trading strategy is one that is simple.
Hey Everyone,
ReplyDelete"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.
Are you expecting that I am going to say something like EUR/USD on 15-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "PROBLEM" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL INSTRUMENT that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
LINK FOR SOFTWARE: ForexTrendy
The instrument examines 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
GET IT HERE: ForexTrendy
Hey Everybody,
ReplyDeleteBelow is a list of the highest ranking FOREX brokers:
1. #1 Forex Broker
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Here is a list of money making forex instruments:
1. ForexTrendy - Recommended Odds Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
I hope you find these lists helpful...