Sunday, September 20, 2015



Forex Strategies

If you’ve had forex trading explained to you then you understand the importance of having a workable forex trading strategy. There are two different ways in which traders decide what their strategies will be; technical or economic indicators.

Technical indicators rely on trends so that traders use this information to decide when to enter the market and what currency pairs to trade. Economic indicators on the other hand, rely on factors such as inflation rates, unemployment, industrial production and other economic factors that can impact the strength or weakness of a particular currency.

Most forex traders use a combination of both strategies to trade in currencies as it provides the most accurate view of the market.

Forex Trading Practice
When you learn to trade forex the next step you should take is to open a forex demo account. This demo account will allow you to see the market in action and using fake money to make trades. This will give you a better understanding of trading forex and the strategies you will use.

Now that you know what forex trading is, you can get a free demo account and put what you’ve learned into action.

9 comments:

  1. Hello Everyone,

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  2. The Forex trading market is incredibly complex. While some traders prefer using robots and software programs in order to buy or sell their currency pairs, others prefer making trades based on their own analyses or intuition. However, nobody broke the bank sitting at their computer waiting for a software program to give them a signal to buy or sell. No trader can also claim to have made a fortune having studied charts again and again and waiting for the perfect indicators to line up. Successful traders were quick to realize that while these indicators and mechanical Forex trading systems can complement a person’s trading strategy, your whole trading strategy cannot be based on such indicators.

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  3. "The spread highlights the difference between the price that the market maker gives to the trader, as well as what the market maker collects to sell it off to a trader. In general, there are two types of spreads: fixed and floating.

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  5. "Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the DEFINITE ANSWER.

    Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on daily...? 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 TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.

    ==> http://www.forextrendy.com?hfsdtb63546

    The software scans 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.

    The system is running on our powerful computers, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES! Get it on the link below:

    ==> http://www.forextrendy.com?hfsdtb63546

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  6. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.

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    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

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    ReplyDelete
  7. The strategy with the highest win rate that I have heard of is the London Close Strategy:
    https://www.authenticfx.com/scalping-forex.html
    Unfortunately for me the London close occurs when I’m sleeping, so I only traded this strategy for a relatively short period. However, I was very impressed with its accuracy. At the time its authors were claiming around 90% win rate, although I think that “baskets” particular trades.

    ReplyDelete
  8. The strategy with the highest win rate that I have heard of is the London Close Strategy:
    https://www.authenticfx.com/scalping-forex.html
    Unfortunately for me the London close occurs when I’m sleeping, so I only traded this strategy for a relatively short period. However, I was very impressed with its accuracy. At the time its authors were claiming around 90% win rate, although I think that “baskets” particular trades.

    ReplyDelete