利用者:ContiKindle653

出典: くみこみックス

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最新版

Forex currency trading Strategy - Ready your Chart

I'm able to think of few business endeavors that don't incorporate some kind of daily, weekly, or monthly planning. Trading Forex is no different. Whenever you take a seat for an unprepared chart you've little idea why one trade might run forever and another activates a dime.

This is easily solved by preparing your chart. The most frustrating thing about being an unprofitable Forex trader is never knowing why a trade worked in your favor and why the next trade did not. This can lead to a failure to decide where to trade from, when you should take profit, where to place your stops, so when to cut a losing trade. Inevitably, losing trades far outpace in both number and size the profitable trades. A prepared chart will help you to take trades with less risk which means smaller losses and more frequent gains.

The Forex trading strategy sections of every Forex forum website are probably the most popular. Be honest, if you are an unprofitable trader the number of hours do you spend reading the latest brain-fart from some who swears that because two trades worked that he or she has found the following best system.

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The main reason the forum strategy gurus always fail and can still fail is they focus on all the wrong things. They've so many rules and indicators and spend so much time adjusting those rules and indicators they forget the most important thing... it is in which you trade from that makes a big difference.

Try this exercise and see what a difference it makes. I refer to this as my " setup method #2." Pull-up a regular chart of your favorite pair. Zoom out until you can easily see 8 weeks price of price data. For instance, it's July now, so pull up a chart and make sure you can see the daily candlesticks for May and June. Place a horizontal line at the a lot of June, our prime of May, the reduced of June, and also the low of May. You should are in possession of a chart with four lines. That's it!

Now wait until price approaches the area of one of your four lines. You are able to trade any timeframe, but only trade when prices are approaching one of these four lines. Only take a trade when:

   Price is touching or perhaps is very close to one of your lines AND
   Your trading plan provides you with an indication.

Ignore all other signals that occur away from these lines. As price approaches areas on my small pre-prepared chart, I search for simple price action candles, however, you may use candlestick patterns or even that latest, greatest strategy you present in a Forex forum.

Doing this will permit you to trade less and trade from better places. Observe how far better even the worst system performs whenever you take signals generated only if prices are near an important place.