Currency Trading Strategies
The Foreign Exchange market is one of the most popular ones and it’s growing rapidly every year. That being said, if you are dead set on becoming a profitable and consistent forex trader, stick with the KISS forex trading method and master the concepts outlined in this article and in my Forex trading course , and you will begin to see that profitable trading does not need to be complicated.
I wonder why many people love deciet, if i have come here with some manupulative chart picture of my earnings, you would have believed me but because i said i have been demo trading for about 3months now, you are asking for a proof and who says the result of demo trading will not reflect in live trading.
I think support and resistance lines actually do act very well on any timeframe, but you have to realise that depending on things like current liquidity in the market, time of day, news announcements and so on, price can just go charging through such levels at any time.
A ‘free trade’ as in trading for free because we are in a trade where we are risking no capital, but we still have the potential to make much large profits exists when we can use the breakeven strategy to move our stops into our original entry position.
This is because the true measure of the long term profitability of a forex trading system is neither the average per-trade reward-to-risk ratio nor the accuracy of the system but the combination of these two measures which is calculated as the mathematical expectation of a trading system.
The Forex Market (or Foreign Exchange Market)—in which individuals buy, sell and trade a variety of currencies-is considered the largest, most liquid financial market in the world, responsible for an average trading volume of over $4 trillion every day.
And after reading a lot of blog posts etc… I came to the conclusion: We are living in a world where everyone can write his own trading robot and big trading corporations, banks etc… they are constantly analyzing all the markets by using not just strategies developed by some trading gurus but also machine learning algorithms deployed on super computers, who tries to find at least some patterns on every market.
You may also get entrance and also leave signals, support and resistance degrees, all which could look like enough in the choice making process.I was under the very same impact as a novice, I went to the very same level as an intermediate trader as well as just hefty losses and low risk/reward choices made me look for a various approach to trading.