What are the Best Forex Trading Methods available?
Hello everyone.
I am a full-time trader and make a living trading the market. I believe that continuous interest in learning and improving ones own skills is vital to survive the market.
I am on a kind of a quest to see which methods newbies, part-time and full-time traders use to profit form the market. That will be a great may for future readers of this post to learn some successful methods that they may be able to use in the forex market
I use a very simple method taught to me by a very successful trader. Ive called it the "Daily Reversal Method". It uses the daily limit a currency can move in any given day. This is one of the simplest and most accurate method i have used so far as it takes into account true market conditions etc…
If you want to learn more about this "Daily Revesal Method" , you may do so through the following link www.forex-trading-domain.com/daily-signals.html
Again all your input will be greatly helpful. Looking forward to see what kind of trading works best for you
Ash Naeck
www.forex-trading-domain.com
The best forex trading method is
Fast Moving Averages Crossover
* rading systems based on fast moving averages are quite easy to follow. Let’s take a look at this simple system.
Currency pairs: Any
Time frame chart: 1 hour or 15 minute chart.
Indicators: 10 EMA, 25 EMA, 50 EMA.
Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).
Exit rules:
Option1: Exit when 10 EMA crosses 25 EMA again.
Option2: Exit when 10 EMA returns and touches 50 EMA
(again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).
July 16th, 2011 at 5:04 am
Hi there.
I’m a newbie in Forex Trading. For me this market looks interesting. By the way how much do you earn to make that living of yours?
I found today a method and if i read it correctly it a little part of your answer.
Here is the link:
http://6a5afjqfwe3s8q2quke3vdtgfj.hop.clickbank.net/?tid=NOV
Wish you all the best in trading.
A good day.
References :
July 16th, 2011 at 5:32 am
Best Forex trading systems always carry certain characteristics which make them one of the best. When you are planning to trade Forex, you must make sure that the system you are using meets these characteristics.
Clearly defined entry and exit points – When using the Forex system, you should not struggling to decide when you should open or close a trade. Any delay caused by the ambiguity can cause losses since either you are too late in opening the trade or you are too late in closing the trade for optimum amount of profits. Best Forex Trading systems always cover this angle. Deciding on when to exit a trade is equally important as when to exit a trade.
Good focus on Money Management – In simple terms, you cannot make money from Forex market on consistent basis if you don’t apply money management principles. You must be aware on how to place stop loss, how to use trailing stop loss and other factors. In a best Forex system, this aspect should also be covered.
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References :
http://www.forexambush101.com
July 16th, 2011 at 5:40 am
The best forex trading method is
Fast Moving Averages Crossover
* rading systems based on fast moving averages are quite easy to follow. Let’s take a look at this simple system.
Currency pairs: Any
Time frame chart: 1 hour or 15 minute chart.
Indicators: 10 EMA, 25 EMA, 50 EMA.
Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).
Exit rules:
Option1: Exit when 10 EMA crosses 25 EMA again.
Option2: Exit when 10 EMA returns and touches 50 EMA
(again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).
References :
http://www.forextradingevo.com
July 16th, 2011 at 6:19 am
I find day trading as the best method of trading. A day trade is a position initiated and closed out the same trading day (before 5PM NY time), the typical objective for a day trade is 15-100 pips. The best day trading opportunities are found during the EURO and US sessions.
Day trade setups are typically found using intraday charts with medium length timeframes such as a 15, 30, 60 and 240 minutes. Most online currency traders are day traders and typically, they use technical analysis (support & resistance, chart patterns, indicators,..) to set up their trades.
References :
My broker: http://www.finexo.com/
July 16th, 2011 at 6:31 am
I have been trading for some 8 months now and have many trading systems or setup rules but more important than the rules is the money management and follow-up that you apply on each trading.
One follow-up rule is that you try and enter multiple of 3 contracts/lots and exit first lot when you reach half the number of pips that your method dictates. At that point move you stop to breakeven. Then close the second lot at 75% and let the third lot run for as long as you can. This way you can catch all the large moves. This is what they call ‘letting the profit run hard".
Second point is that you never risk more than 1-2% of your capital. This will ensure you dont ever blow you account. My account has grown slowly over the last 8 months when most (>80%) lose their capital the first few months according to statistics.
Hope I have explained this properly. Dont get too bogged down with too many trading methods.
Good luck.
References :