Day forex thirty trading systems
There are many forex trading systems that can generate profit.
Some of them are complicated requiring many indicators, oscilators or advanced tools. But forex trading can be very simple and all you need is learn how to read charts and price action properly.
30 Pips A Day Forex Trading Strategy
I am going to share with you one free forex trading system that is very simple but powerful and profitable. You do not need any indicators. If you can identify main trend and be patient enough to wait for a high probability set ups you are well on your way to steady profits. This free forex trading system requires only about 30 minutes of your time daily.
Use 4 hour charts. The beauty of this strategy is that you do not have to watch charts all day long. Only open your platform every 4 hours when a new candle is open.
Check your favorite pairs. If there is a setup explained below you simply enter a trade, but if there is no setup just close your charts, do something else and come back after 4 hours. With this strategy you will not be opening a lot of trades. Sometimes there will be days without trading.
There may be weeks when you open 1 or 2 trades only. But it is enough to make nice profits because you will wait for programed stock trading probability trades and so your winning ratio will be higher.
You have to treat your forex trading as if you were an teletrade forex sniper.
How to Make (and Lose) $2,, Day Trading: The System & The Story - StartupBros
He waits patiently for his target to appear and once that happens sniper strikes knowing he can successfully accomplish his mission.
You should be always looking to trade with a main trend. As you can see downtrend on the screenshot above. You can see that the price clearly goes down.
Sometimes it jumps back up and then goes down again. That is called day forex thirty trading systems retracement and it is what we option paper trading looking for.
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On the screenshot you can see a red arrow. It points to a place where it is best to enter your sell position.
It is on top of retracement where the price starts to go down again. In this example you can see microsoft excel forex long bullish earn earn make money money online online poundpyramid.com profit and after courses on earnings in the binary options a small white bearish candle.
It is a sign that the retrace could be over and that there is a high probability that downtrend will continue. So open your trade, set your stoploss few pips above white candle and set your target profit at least twice the size of your stoploss. So even if 6 out of 10 trades would be losers you will make profit. I hope you like this free forex trading system. It is easy, simple and does not require a lot of your time. But if you would like to put your forex trading completely on autopilot you can autocopy some successful forex traders on largest social investment networks eToro or Zulutrade.
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