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About Section Simple for Beginners
Simple forex strategies have simple and understandable trading rules even for a novice trader. As a rule, such strategies are based on two or three technical indicators.
The advantage of simple strategies
Strategies for BeginnersFirst of all, they help novice traders to more clearly understand the mechanisms of the Forex currency market, and also to understand the principles of combining technical indicators, for example, a combination of a trend indicator + oscillator, as well as consolidate the practical trading skill and organize their trading.
In addition, simple strategies are the core for creating more complex trading systems, by replacing or adding more complex indicators and finalizing the rules for entering and exiting the market.
3 Forex Trading Strategies For Serious Traders That Work!
Updated: November 21, 2020
If you’ve found yourself on this page – I am going to assume you’re very passionate about Forex trading and want to go places with it.
The sad truth is that there are a lot of potato strategies getting cooked up in bedrooms, and passed around on forums, branded the holy grail.
Everyone’s time is precious! There is nothing worse than wasting a lot of your time on a trading system that leads you down the wrong rabbit hole.
Time is a commodity that is non-refundable.
Don’t get me wrong – there is some golden information out there, but you need to have a bit of industry experience under your belt to be able to ‘filter’ what’s worth investing energy into.
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The crazy amount of foreign exchange information that poor in when you do a google search can be an overwhelming, and dilute your ability to find reliable trading strategies to get you going.
You might already be trading Forex, but looking for simpler Forex trading strategies to supplement your current regime.
In this tutorial, I am going to share 3 strategies with you which are:
- Forex Trading Indicator free, only need clean price charts
- Require no ‘extra’ tools, just your charting software
- Have a simple & effective price action approach
- Reveal straight-froward, uncomplicated trade signals you can spot easily
When Forex strategies have these kinds of properties, they are easy to stick with for the long run (like a well designed diet).
Let’s put things into gear, and begin…
Forex Trading Strategies Using ‘Indecision Doji’ Candles As Breakout Trading Setups
This is one of the most overlooked and underestimated Forex trading strategies!
There are many definitions for a Doji candle – you can probably find over 10 variants! I am going to stick with the generic definition here, which I think works best.
The ‘ indecision’ Doji ‘ is the one I trade – it’s a very simple to understand signal, and extremely easy to spot on the charts too.
An indecision Doji candle has a small centered body, with wicks protruding out both ends of the body .
As the title suggests, this candlestick pattern represents indecision. The market is communicating to you that it tried to move higher, and it tried to move lower, but ultimately closed off back around the opening price.
The idea is to catch the breakout of the indecision. In general, we aim to catch bullish runs as price breaks the high, or bearish moves as the market breaks the low of the Doji.
Above: The basic way to trade these is to wait for a breakout from the ‘indecision’ the candle represents. We do this by catching price as it breaks above (buy), or below the candle range (sell).
There are also some more advanced tactics where we wait for a break of one end of the Doji, but only take action if it fakes out, reverses, and breaks the other end instead.
Doji candles print very frequently, and can be seen across a few time frames. Very easy also to spot with your eye!
Above: Yep, Doji candles form often, across all time frames.
One important thing to remember is that the more ‘data’ that you have packed into a candlestick pattern, the more reliable it will be.
Meaning: A Doji on the Daily time frame has magnitudes more value than a Doji on the 5 minute time frame – which is true for any price action Forex trading strategy.
In my crazy price action Forex tips article – I talk about how traders screw themselves over constantly by trading candlestick signals in isolation and give away my approach to a candlestick signal trading strategy decision.
So, the first lesson is: don’t trade every single Doji you see!
What is the difference between a good and a bad Doji signal?
We want to target them at points on the chart which have high technical value . Locations where you know the market has a ‘decision’ to make.
Looking for key locations like:
- Proven support and resistance levels
- Swing levels within a trend
- Trend line structures
- Any point on the chart your technical analysis tells you the market should ‘break or bounce’
Check out this Doji setup below…
Above: The indecision signal formed on a weekly support level – where we highly anticipate a ‘bounce’.
With that logic in mind – we only look for bullish breakouts
Above: As expected, a ‘bounce’ occurred off the major level, and price broke above the indecision high – kicking in our bullish trade order.
It’s all about using your technical analysis to find key areas where you know the price action has a ‘break or bounce’ decision to make. Wait for an Indecision Doji to form, then trade the expected outcome (usually bounces).
Above: With simple technical analysis – we easily spot a clear resistance level on the chart.
An indecision Doji candlestick pattern forms, so we look for bearish follow through off resistance (trading the bounce), and use the break of the Doji low as a trade trigger.
Above: The market follows through with the indecision breakout, and explodes downwards.
We can also use them in trending conditions to catch trend continuation.
T he best place to target Dojis in a trend is at swing levels (old support turned new resistance, or reverse of that).
Above: In a trending environment – look for indecision Dojis that form at swing levels. Target breaks in the direction of the trend.
Above: A nice result after trend momentum picked up via the swing point, broke the Doji high to trigger the trade, and continued to trend higher for days.
It is as simple as it is critical, that you perform good technical analysis first – then you can line up your Doji breakout idea to see if it fits.
Above: A glance at what separates a good indecision breakout opportunity from a bad one.
Remember, Dojis form very regularly – it’s your job to use your basic technical analysis to filter the bad from the good.
If you don’t have good chart reading skills, and can’t pick up the basic structure or context of the market – you might run into frequent trouble trying to trade these candlestick patterns…
When you apply this Forex strategy – just remember you will see a lot of Dojis printed, but only a small selection of them will be good trading opportunities.
Some key points to remember
- Do your technical analysis first before you consider the Doji as a trade opportunity. In most cases, simple price action analysis will rule it out as a viable trade
- Match them up with important technical points on the chart, where you know the market has an important decision to make – then plan to trade the ‘break or bounce’ via the Doji breakout
- Don’t be tempted to trade Dojis on low time frames – the less data in the candlestick, the less reliable the pattern.
The Flag Pattern – A Trend Continuation Strategy
In my opinion, flag breakouts are one of, if not the best Forex trading strategy for trending markets.
Because of the simple nature – flag breakouts are another overlooked gem, usually because Forex traders are always chasing the more complicated methodologies!
Like always, flag breaks work well on higher time frames – but I’ve even seen them work well on charts like 1 hour time frame!
Here is my ‘to the point’ breakdown of what flag patterns are, and how I trade them:
- A trending structure must be in place.
- A counter sloped, trend line develops against the existing dominant trend (the flag line)
- The flag line breaks in the direction of the trend
- Trade the ‘breakout candle’
Let’s look at an example.
Above: This is my text-book scenario for a bullish flag breakout. A strong trend in place, then shorter frequency lower highs develop against the trend – creating a counter-trend, trend-line.
We’re now waiting for the flag line to break, which signals trend continuation.
Above: A breakout signal! A bullish candle closes above the flag structure. We’re looking for a convincing close here, not a candle with a large upper wick.
Once we have the breakout candle, that’s our cue to get long. There are a few different entry, stop loss, and money management combination you can apply here.
I can’t cover them all here, I’ve dedicated a few modules to these subjects in our War Room Forex course.
The basic way is to buy/sell the breakout candle event (after it closes), and place a stop loss below the breakout candle.
If the breakout candle is really large, then other strategies need to be deployed to tighten the stop.
Above: The follow through move after a breakout candle busted the flag structure.
Hopefully you can see the value in this as a trend continuation strategy.
When the market is trending, these flags are actually forming all the time, right under your nose. If you haven’t been looking for them, then you’ve probably been overlooking many opportunities.
If you’re into the lower time frames (like 1 hour), open up your charts and check out what you’ve been missing…
Above: Even on a 1 hour chart, flag structures are actually worth looking out for.
You can see above during a strong trend, even the 1 hour chart produced the goods. The 1 hour chart is normally a difficult chart to apply swing trading strategies to, but flag breaks within trends just work so nicely.
Above: The power of catching flag breakouts within a trending environment. They key is to make sure the broader market is trending before you consider looking for flag trade opportunities.
You do see flags form within consolidation or in ranging cycles, but they just don’t offer the reliability, or reward potential. That’s why I only use them as a trend continuation trading strategy.
The Rejection Candlestick Reversal Trading Strategy
The rejection candle is one of my most utilized candlestick pattern signals.
The anatomy and concept is similar to the classic ‘Pin Bar’ – which is the most engaged topic of interest in all the price action discussions, and communities online.
Rejection candles are a candlestick pattern that communicates denial of higher or lower prices . The market tries to move to an area, but it ‘rejected’ by the market.
This denial leaves a very distinct feature in the anatomy of the candlestick – a long lower or upper wick.
The better quality rejection candles pack thicker candle bodies (closing in the direction of the rejection).
Above: Simple anatomy diagram, comparing the classic pin bar to the more authoritative rejection candle pattern that I use.
Rejection candles have a thicker body. The ‘bounce’ from the rejection causes the closing price to be higher or lower than the open price.
The thicker body demonstrates more strength and authority as a reversal signal in the rejection candle anatomy.
What’s the #1 quality factor for rejection candles?
I am going to stay something stupidly simple here – the key is to match them up with technical areas on your chart, where you expect price to reverse.
Such a simple concept that many traders don’t use ! Most Forex traders out there will trade any and every rejection candle (or pin bar), that pops up on their chart.
I like to target these guys at:
- Weekly support or resistance, the major turning points (counter-trend opportunities)
- Swing points within a trend (trend continuation opportunities)
- Range tops and bottoms
- Very over extended prices (mean reversion opportunities)
Check out the bearish rejection setup below…
Above: A nice bearish rejection candle forming at a resistance level. Remember, rejection candles are a reversal signal – and strong resistance levels are an expected turning point. The signal matches the context!
Above: A very nice follow through move to the down side, after the bearish rejection sell signal printed.
Don’t fall into the trap of ‘trading every candlestick pattern’, just because they’re there. Get into the habit of doing technical analysis first, then build that analysis to the candlestick trade idea, for synergy and quality control.
Above: Simple technical analysis tells us this level is likely to cause the market to bounce, as old resistance holds as new support.
The bullish rejection is printed as a result of a bounce (at least the beginnings of one) – therefor it fits well with our technical analysis, and has a lot of synergy with what’s going with the chart.
Above: The technical analysis and the rejection signal both play out as expected, and become a profitable trade idea.
It’s just as simple as lining up the rejection candle (a reversal signal), which those likely reversal points on your chart.
Try to avoid trading rejection candles when there is a lot of congestion to the left.
Above: An example of not lining up technical analysis, context, or reversal points with your rejection candle signals.
These are dud signals because they hardly met any of the analytical quality control points we’ve talked about in this tutorial.
If you see heavy congestion to the left, and the rejection candle formed in the middle of it all – then that’s a red flag.
Also if you plan to go against the trend (which can be profitable), you better line up strong rejection candles with major reversal points (tip: get these from weekly time frame)
When you look back through your charts to evaluate these signals, take note: you will find them everywhere!
Be careful of confirmation bias – which means you only ‘see’ the profitable signals located at the tops and bottoms of moves in history, but you over look the signals in-between, which are the ones you would have likely been screwed over ‘in the trading moment’.
Rejection candles & pin bars are a fairly straight forward signal, but they are not the holy grail ATM machine that prints out everlasting money (which is how I’ve seen them promoted). They are only lucrative when combined with good technical, and price action analysis .
Forex Traders – Make These Forex Trading Strategies Work For You
I’ve given you a lot of brain food here – ideas should be pouring out of your ears!
The most successful Forex trading strategies need to go beyond the charts. We need strong money management and a solid mindset to complete the recipe for long term survivability in the markets.
Obviously there are risk management techniques that need to be coupled to the strategies you’ve just be shown here. There are ‘risk mitigation’ strategies that I have modeled, and some other aggressive strategies.
But for simplicity sake: my goal is to always make sure that winners pay up way more than my losses – at least 3x more in fact. This positive risk reward ratio is the key to keeping your head above water, and eventually turning a profit over many trades!
There is a saying among experienced Forex traders: “Forex is simple, but it is not easy!”
What we’ve discussed here today is the simple technical side of trading, however, the true mastery comes from a trader’s mind-set, and is what makes him/her a winner in the end. That’s the insanely difficult part no one talks about.
To make these strategies work for you, you’re going to need to be disciplined, focused, and consistent with what you do in the markets. I recommend reading “Trading in the Zone” by Mark Douglas.
That book will give you a real good kick up the culo, and start to dramatically change how you think about your trading.
Did the strategies in this tutorial spark your passion? If so, feel free to look through my other Forex tutorials and videos here – there is a lot of helpful information for free on the site for you.
If you want to really get involved with how I trade, learn all my strategies, secrets, or even get a hold of my custom metatrader software (which does some crazy stuff) – then you’re welcome to check out my private War Room program for Traders.
It contains everything under the one membership to keep things simple – just the way I like my Forex.
So, these are my ‘getting started’ Forex trading strategies that work in today’s markets – which should be especially helpful to newbies.
I truly hope you got some value from this tutorial, and are ready to dig into your trading and try some of this stuff out.
If you liked the content, don’t forget to leave me your comment below.
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What is traded in Forex market? The answer is simple: currencies of various countries. All participants of the market buy one currency and pay another one for it. Each Forex trade is performed by different financial instruments, like currencies, metals, etc. Foreign Exchange market is boundless, with the daily turnover reaching trillions of dollars; transactions are made via Internet within seconds.
Major currencies are quoted against the U.S. dollar (USD). The first currency of the pair is called base currency and the second one – quoted. Currency pairs that do not include USD are called cross-rates.
Forex Market opens wide opportunities for newcomers to learn, communicate, and improve trading skills via the Internet.
This Forex tutorial is intended for providing thorough information about Forex trading and making it easy for the beginners to get involved.
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Any activity in the financial market, such as trading Forex or analyzing the market requires knowledge and strong base. Anyone who leaves this in the hands of luck or chance, ends up with nothing, because trading online is not about luck, but it is about predicting the market and making right decisions at exact moments. Experienced traders use various methods to make predictions, such as technical indicators and other useful tools.
Nevertheless, it is quite difficult for a beginner, because there is a lack of practice. That is why we bring to their attention various materials about the market, trading Forex, technical indicators and so on so as they are able to use them in their future activities.
One of such books is “Make Forex trading simple” which is designed especially for those who have no understanding what the market is about and how to use it for speculations. Here they can find out who are the market participants, when and where everything takes place, check out the main trading instruments and see some trading example for visual memory. Additionally, it includes a section about technical and fundamental analysis, which is an essential trading part and is definitely needed for a good trading strategy.
Three trading strategies for beginners
Forex strategies to trade breakouts for newbies: trading with channel indicators, spotting channel breakout or the price rebound. Types of levels, rules for entering and exiting a trade.
I welcome readers to our trading blog. Today, I’d like to write about forex trading strategies that use channel indicators, which are always treated as a separate category. Such strategies suggest entering a trade at the time of the channel breakout or the price rebound. Trading skills here are necessary to distinguish between the correction or the inertial price movement and the major trend direction. From this article, you will learn about price levels and trading strategies, based on them; you will also learn practical trading systems that apply combined indicators.
Breakout trading strategies for beginners
Any trading strategy is made, based on a particular regularity. It doesn’t matter if it is about fundamental or technical factors. An example would be entering a trade after a certain events (news publications) or when any indicators meet with each other. A separate group includes strategies built on the breakout of any important level or channel. Another way to interpret such kind of strategies is when the price returns in the channel after the rebound from its border or the rebound from the important level. The difficulty in trading with such strategies is to find out whether the price will break out the level or it will reverse. I will describe the important trading levels and give examples of real strategies with channel indicators.
Trading levels and level-based forex strategy
The psychology of forex level and channel strategies is that traders behave in the same way in particular situations, and trading together with the majority is often quite efficient. The psychology principle is as follows:
- Each trader expect a particular target profit and each trader has his/her own risk limit. It is expressed in the fact that traders put stop losses and take profits at particular levels and these levels are the same for the majority. This is how strong support and resistance levels appear. Support is the level, below which don’t let the price fall; resistance is the level, above which bear don’t let the price grow. The strategy is based on that you enter a trade in the opposite direction when the price reaches the level, that is, you open a position on the price pull-back in the direction of reversal.
- The level breakout means that there has been come fundamental factors that encouraged most traders to open positions even when the price reaches the psychological level. It means that if there price hasn’t rebounded, a strong trend appears.
Both trading ideas are well illustrated in the chart of market capitalization.
The price has been trading between levels 200 and 250 during a month. Although the price hasn’t touched the channel borders, it is clear how it is rather smoothly moving from the bottom border to the top one and back. Arrows mark the moments of entering trades (the price chart of top cryptocurrencies corresponds to the market cap chart). Following the breakout of level 200, the price touches the next psychological value of 175, and follows by trading in a narrow range for a while. The second yellow circle highlights the new breakout and the start of a strong downtrend.
The difficulty of trading is to find out whether it is the breakout or the price is moving on by inertia and is about to reverse. So, there are a few tips to spot breakout:
- Do be too early to enter a trade in the opposite direction if the price has touched the target level. Expect either a reversal or the movement continuation, followed by a correction.
- Do not open a trade too early if the price has reversed without touching the level. It may not be a reversal, it may be rather a temporary roll back, after which the price will resume the major trend.
- Pay attention to the trend features and its angle the angle of its movement. If the angle was narrow for a long time, after which there was a sharp change, this is a signal to enter a trade. An example of such a situation is on the figure above (the first yellow circle).
Types of Forex levels:
- Fibonacci levels. It is an infinite series of numbers, based on mathematical approach. As experience proves, traders adhere to these levels intuitively. You can learn more about their nature and applications in this article. You can calculate Fibonacci levels, using calculator.
- Psychological levels. These are levels that are based on human psychology, often being chosen intuitively. For example, they are often at round numbers.
- Historical levels. They are strong levels that are regularly hit by the price, they are clear in the long time periods.
- Mirror levels. They are the levels, which the price breaks through, returns to them after the correction and again goes in the main trend. The resistance level thus turns into a support level.
- Pivot levels. They are the levels, drawn based on the history opening and closing prices. I will describe them in more detail in one of the strategies below.
Channels (dynamic) levels are similar with the only difference that the channel borders here look like flexible lines. There are many channel indicators and none of them can be said to be more or less accurate. Much depends on a particular market situation. I will give practical examples of such indicators further.
1. Forex strategy: Dynamic Channel Trading
This trading system applies the Keltner channel (KC) indicator, a combined tool that constructs a dynamic price channel. It is based on two standard tools:
- ЕМА — Exponential МА.
- ATR — Average True Range.
The principle of the strategy is that in a quiet market, the price moves inside the channel, taking its average values. When it deviates from the average values (i.e., moves towards the borders), it tends to return. The EUR/USD pair, traded in the M15 timeframe suits the indicator settings the best. It is not recommended to shorten the timeframe; it can be longer for other pairs if it provides more accurate signals.
KC settings: ЕМА period =20, ATR period ATR = 20, Factor = 1.5 (the factor, by which the ATR value is multiplied). You can download its free template for MT4 following this link
Requirements to open a long position:
- One or more candlesticks go lower than the channel bottom border. But there shouldn’t be more than 7 of them, as, otherwise, it can be about the channel breakout and the start of a new strong trend. The candlesticks must be located completely below the channel line.
- The distance between the dynamic line and the high of the candlestick below it must be longer than 5 pips.
- After all these requirements are met, a rising candlestick is emerging in the chart, which closes above the dynamic line. Differently put, the price has reversed and is going back to the channel centre. The longer is the body, the better.
You enter a trade at the next candlestick. A protective order is put at a distance of 15–30 pips. I recommend exiting the trade after the price has reached the channel centre. You may close 50% of the position, and protect the rest of it by trailing stop, having moved the stop loss at the breakeven.
Requirements to enter a short trade:
- One or more candlesticks go higher than the channel top border. But there shouldn’t be more than 7 of them. The candlesticks must be located completely above the channel line.
- The distance between the top dynamic line and the low of the candlestick above it must be longer than 5 pips.
- After all these requirements are met, a falling candlestick is emerging in the chart, which closes below the dynamic line. Differently put, the price has reversed and is going down to the channel centre. The longer is the body, the better.
The entry and exit requirements are similar. An additional confirming signal can be a candlestick reversal pattern, formed beyond the channel.
The indicator performs the best during classical market movements, that is, in a calm market. Trading is avoided at the time of news releases, as there are many false signals during increased volatility. You had better also avoid trading flat and the Asian session. If the channel looks narrow, compared to the previous periods, you shouldn’t also enter a trade. You neither enter a trade if the signal candlestick looks too long, i.e. it has reached or is near the channel centre.
2. Trading strategy: Pivot levels breakout
This strategy utilizes a channel indicator that constructs Pivot levels, W1 Pivot. The indicator paints in the chart weekly support and resistance levels, at the breakout of which you can make profits.
First, let me specify what Pivot points are. A candlestick has a body and shadows. Shadows are the price highs and lows during a time period; the extreme values of the body are the opening and the closing prices. Pivot levels are the price reversal levels that are calculated according to the following formula:
- R1 (resistance line) = (Price*2) — min.
- R2 = Price + max — min.
- R3 = max + 2*(Price — min).
- S1 (support line) = (Price*2) — max.
- R2 = Price — max + min.
- R3 = min — 2*( max — Price)
Price is the reference levels that is calculated like this: (max+min+close)/3, where max is the highest price during a particular period, min is the lowest price, close is the closing price of the candlestick. This calculation method is the classic one. There are other, original variants, like Woodie, Camarilla, DeMark etc. I suggest you test on your own which calculation method provides the most accurate results. Please, do share your results in the comments!
You can download the W1 Pivot indicator here. The strategy is suitable for any currency pair, the best timeframe is H1. W1 Pivot settings: fortsize = 10, labelShift = 0. However, the formulas are the same and you can’t change them.
Requirements for entering a trade in both directions:
- You set a pending Sell Stop order at level R3 + 10–20 pips. For less volatile currencies, you set stop at a shorter distance.
- You set a pending Buy Stop order at level S3 + 10–20 pips, according to the same principle.
It is important to choose the right distance for stop loss and pending orders, they shouldn’t be triggered by volatility. A reference distance for stop losses is about 30–50 pips, the target profit may put at the same distance.
Although there are few losing trades, the signals are sent rather rarely. That is why you’d better apply the strategy to multiple currency pairs or use a complementary tool.
3. Forex strategy: Trading Dynamic Trend
It is a simple strategy but a dynamic one. It keeps the trader on the ropes. The matter is not just that you need to monitor the trades and the signals all the time; it is rather that it sends quite many false signals. But a few profitable trades are sufficient to cover the loss and gain. High-frequency trading gets use of probability law: you may enter one trade per day and get 100% of loss; but you can enter two trades and only 50% of them are losing. The more signals, the higher is the success chance.
The Dynamic Trend indicator, utilized in the strategy, paints dynamic levels, levels that are constantly changing, following the price. Trades are entered almost all the time wit ha turnover. The currency pair is EUR/USD, the timeframe is H1, but you may try changing it to M30. The indicator settings are Percent = 15 (the percentage of the indicator deviation), MaxPeriod = 50 (calculation period). You can download it here.
Requirements for opening a long position:
- The price line has been below Dynamic Trend for some time.
- There emerged a rising signal candlestick that closes higher than the indicator (breakout of the dynamic level).
You put an entry at the candlestick, following the signal one; stop loss is at a distance of 50–100 pips. After the trade has yielded 50 pips of profit, you close one third of the position; after there are 100 pips of profit you close another third and protect the rest with a trailing stop. If the candlestick goes below
Requirements for opening a short position:
- The price line has been above Dynamic Trend for some time.
- There emerged a falling signal candlestick that closes lower than the indicator (breakout of the dynamic level).
You open a position ina similar way. The trader needs fast response to the trade reversal in case of an error. However, you also need to keep in mind that the price may change its direction due to a correction; long stop losses in this case are a risk for the trader. You may adjust the rules for exiting the trade or change the currency pair. You may also draw the trailing stop manually, although it will distract you monitoring the trades entered. I offer curios traders to compare this level indicator with other channel indicators, attaching, for example, Bollinger bands. I don’t think it makes any sense to add oscillators.
Let’s sum up the information about channel trading strategies
Trading channels is useful because channel strategies have a clear way of application. The trader needs to select the right indicator, currency pair, timeframe and a good moment. Some tips on this:
- Strategies of such type require constant monitoring. So, be prepared to spend quite much time on this.
- Avoid trading at the time of economic data releases, during the first two hours of Monday mad the last two hours of Friday. Exit all trades before the weekend.
- Do not try to open as many positions as possible, you’d better follow the rule that it is better to enter fewer traders but enter better ones.
- Train yourself to “feel” the market. It is very seldom when all the conditions, price lines, and indicators signal the same; so, it is important to take a reasonable risk.
There are no perfect trading strategies; rather, there is a good combination of the market conditions, news and indicators. And, of course, you won’t succeed without professional experience. The more you learn different kinds of trading tools and the more you experiment with them, the more you improve your intuition. Therefore, I recommend you to learn about as many new indicators as you can, test them and gain experience on demo accounts and don’t be afraid of risk. I wish you successful trading and share the article with your friends! I am really looking forward to your comments, notes, ideas, and tips in the comments!
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