Posts tagged make
My Unique Forex Trading Strategy Which I Use To Make Money On A Daily Basis
Feb 2nd
My trading strategy is a “tested and proven” trading strategy which i use analyze forex and make money on a daily basis.
My trading strategy is an intra day trading strategy which is used to look out for good trading opportunities.
Apart from my wealth of experience and vast knowledge of forex market, I use a number of indicators to determine the direction of the market and also to generate and filter my signals so as to keep me out of the market when it not safe and an 80% probability of making a kill on every signal generated.
I use a number of indicators to calculate a number of market parameters like over bought and over sold level, moving average, average directional index, relative strength index, the market price level with respect to the Fibonacci lines, resistance and support,……. and i go for a buy when all indicators say buy on higher time frames (which are 1week, 1day and 4hours) down to the least time frame, which is the 1min. time frame and i go for a sell when all my indicators say sell on higher time frames down to the least time frame
Now, i don’t just jump into a trade like that at any time because all the indicators says buy or sell as the case may be.
At the beginning of my trading, day the first thing i do is to analyze the economic indicators (fundamental analysis) to see if there will be a high impact news scheduled to be released for that day which is liable to affect the market (if there is, i wait till after the effect of the news). Then i look at the higher time frames of the major pairs (i love trading pairs with low spread) to determine the trend direction of the market (that is if all the higher time frames indicates same direction), then i wait for the trading section of the pair, (say USD/JPY i wait for USD section to start). As soon as the section starts, i trade only pairs whose lower time frames to indicate the same direction as the higher time frames ( that is for pairs that have at least the daily and 4hours time frames indicating the same direction). But before i finally place an order i check the market price level for the pair with respect to Fibonacci lines to look for safe entry level on the 1min. time frame ie. after a 1min time frame retracement.
When i was still a beginner, i would open a buy and sell position on all the the major pairs (thats on a demo account) and as soon as we the USD section starts, i start watching for which of the trades will run into profit in the first few minutes to 30minutes to 1hours into the section. Then i enter the same position on that pair on my live account
For every trade i place during any section, i take profit between three and four into the section.
For my stop loss, i use a 25-30 pips stop loss.
Note: when trading with this strategy, stay away from pairs that are the ranging for that period
This strategy works for me very well and i use it to make consistent kills in the forex market.
Just as this strategy works for me, i know it will work for you.
In case of any question feel free to contact me with your question via the comment form on completeforexanalysis.blogspot.com and i will give you the answer to your question in my next write post.
COMPLETE FOREX ANALYSIS… Analyzing forex… making you a successful trader.
Forex Trade With Success and Make Money on Autopilot
Feb 1st
Forex trading is a great business and it can make you a lot of money, but if you do not know what you are doing you could be at great risk of losing your investment, because bad forex trades are common even among those who call themselves experts. So how can anyone make money with forex trading?
Well, in my experience with the forex trade market, you have basically three ways of successfully approaching the forex trading business:
1) Get your hands a good forex trading course, and dedicate a reasonable amount of time learning how to correctly execute winning forex trades. This approach is definitely a desirable one, because knowledge is always the most precious asset you can have, but the thing is that this road will take some time to deliver results, due to the fact that you need to put your newly acquired forex trade abilities to the test and then dedicate considerable time during the day to catch the best forex trade opportunities.
2) Get yourself a recognized forex trading software with the ability to provide you with signals for you to enter and exit the market at the precise moment. This approach will likely put you on many profitable forex trades, but you will have to be attentive at the signals during the day so you can enter and exit the market at the right moment. If you pick a reliable software, your forex trades will make you money right from the start, because in this scenario you will not have to become an expert forex trader to make profitable trades.
3) Invest in an automated forex trading system designed to perform forex trades automatically. To me, this is the best suited option for a beginner, because it will make a very respectable profit out of your investment, and it will keep you away from loss 90% of the time. This will allow you to enter the forex trade market on solid profits, giving you time to gradually master all the basics of forex trading so you can enhance your overall performance everyday. The best thing about this option is that you have to do nothing, but merely monitor the results every now and then, so you can actually make money on autopilot.
Even though I did not start my forex trades with an automated forex trading system, I would definitely advise anyone new to the market to start with this option. And for someone like me, already into forex trading for some time, automated forex trading has meant a very significant increase in my overall performance.
Forex trading can undoubtedly be a very profitable business that will not demand you work long hours nor it will demand you sell or market anything, but how much money you make with your forex trades will depend greatly on the tools you choose to help you accomplish the best results. So again, my advise is to take the automated forex trading option, because this one is the most cost and time efficient way to consistently make over with forex trades while dramatically reducing the risk. Indeed, only a small investment could easily deliver over $2,000 in monthly profits if you handle your forex trades with a reliable automated forex trading system.
You will save time and get very insightful and reliable forex trading info about educational forex products and tools at this site: http://www.specialonlinebusinessreviewauthority.com/
Forex Trading Slumdog – How to Make Millions With a Forex Trading Guide
Jan 30th
What are most people actually looking for in a forex trading guide, so that it can help them achieve their dreams of making millions from forex trading? I would say that a good forex trading guide would have consist of forex trading basics, forex technical analysis, fundamental analysis, trading psychology, forex trading systems, money management rules, forex glossary, how to choose forex broker etc.
Some of the forex trading guides provides forex trading tutorials to introduce you to the global forex trading, so that you will know how to trade forex in a shorter time and help you become a successful and profitable forex trader. Along the way, you will gain an understanding of how foreign exchange prices move and how to develop your own trading system. Some guides include forex trading tips, which is important for those who are new to trading, but also adds value to advanced traders too.
Let’s zoom in into some of the contents that are provided in a forex trading guide. Basically, you can find contents like the mechanics and introduction to forex trading, how to be a profession forex trader etc in the forex basics section. Forex technical analysis helps you to be able to read forex charts, use of Fibonacci, support and resistance etc.
Are you a very emotional person who reacts hugely to cases when you win or lose money? If you are, the trading psychology part will teach you how you can control your emotions, how you can overcome greed etc when it comes to trading.
You may find that most people first thing will look for the trading system, let it be a forex course, an ebook, or a tutorial. Why is that so? Most people thought that they can profit with the trading system alone, which is untrue as there is a need for money management and emotions control too!
There are many forex trading systems out there in the world, but you have to find one that fits your personality. There are methods like forex scalping, forex trend trading, breakout system and the list continues. Most traders love automated forex trading as a forex trading software will trade for them without having to open and close a trade manually. Of course, there are pitfalls in those systems too!
So by the time you have gone through everything in a forex trading guide, provided that guide is not a slumdog, and have found your trading system with money management, discipline and emotions control, you should be ready to make money trading forex online.
