simple trading strategy that really works
my trading strategy After 7 years of forex and commodity trading, I have come to the conclusion that simplicity is best. and buy following some simple, easy-to-understand rules, anyone can trade successfully, but dont take my word for it open a free demo account and try it for yourself; no money or credit card confirmation is required.
tracking the money There are hundreds of indicator signals.and charting softwear on the market, they all have one thing in common, and that is trying to predict whether to buy or sell They all use the way things moved in the past, but as we all know, the markets are in full swing.
the importance of the spred and time frame when using this stradergy the spread is the commission the broker takes for letting you use leverage and for actually placing the trade for you For this reason, you need a good broker with tight spreads. The the time frame you trade in is also very important, as high spreads on a lower time frame can eat your profits
now lets get started what you need open a demo account and download the mt4 or mt5 trading platform You can do both at the same time on your computer .tab or cell buy clicking the link. hear dont worry, the demo account is absolutely free, and no credit card information will be asked for once you play around with it until you get to know what all the buttons actually do. If you want more information, you can always visit trybuying.com It was built to educate new traders
setting up the stratergy we will be using the 15 ninut time frame and one standart moving average set at 3 and make it red this will make it easer for you to follow any curency you want but the lower the spread the better you will get a chart like this one below
now the final part: what are my trading rules and how do apply them?
Once you can insert a new yellow line, set a stop loss just below the rebbedded and your target at 2 x your stop loss, and let the trade follow its course its as simple as that Once trade is complete, be patient and wait for the next trading opportunity for more useful insights read my full article on forex trading for beginners at trybuyinj.com
