Friday, October 9, 2009

An Easy Forex Trading Strategy

I have been asked many times ‘How difficult is Forex Trading?’ ‘Is it Easy?’ and

‘Can Forex Trading really be Easy?’

So I thought I would collate some trading strategies so you can see my charts and a strategy you can use. Its up to you to find the right strategy for you to maximise your profits and minimise your losses. Most people find the hardest thing to do is to press the buttons to enter and exit a trade. This is why most people find Forex trading isn’t easy – emotions get in the way!

The following chart explains a strategy I trade with entry and exit points – the idea being that you really do enter when your strategy tells you! This chart might make Forex trading appear easy – as with most things…its easy when you know how!!

Forex Trading – Video Showing A Great Strategy

I thought you guys might be interested in this Forex trading strategy. It is a strategy I pulled in from YouTube but thought it was an interesting one! I hadn’t thought of it before and you might like to stay in the trade a little longer than the presenter to make the maximum pip gain available.

Having an effective exit strategy is equally important as entering the trade so you can take full advantage of Forex trading and become a successful Forex trader.

The presenter uses a Moving Average cross-over and MACD indicator to confirm the trade, entry and this also should be used for an exit strategy for effective Forex trading.

Thanks for reading – To Your Success!

Best wishes

Do you want to make money as a Forex Trader?

Unlike the property market and the Stock market, the ability will always exist to make money everyday by trading the Forex market. There will always be individuals and companies who wish to import and export goods and services all over the world – the Forex market is a consequence of this fact. If you go about learning to be a Forex trader in the right way, then you can profit.

The Forex is a vast global market. So how can you make money trading this market as a consistent Forex trader? It has to be said at this stage that trading the Forex market, like any other traded market is high risk. Just be sure you know what you are doing before you trade an active live account.

Ok, so how can you be consistently successful and build a career working from home, trading the hours of your choice?