Article Blog

Posts Tagged ‘anyone’

I have been a trader for 25 years and have seen all types of market and seen lots of innovations – but my forex trading strategy has NOT changed, it’s still the same as it was 25 years ago and still works. I will share the logic of it with you here.

First – we have seen lots of changes in the last 25 years but know this being clever and trying to make your trading strategy complicated is a mistake. Simple systems work best and always will.

Despite all the advances in technology over the last 25 years, the ratio of winners to losers still remains the same 95% lose 5% win, this shows technology has nothing to do with forex success.

You need a simple system, because its very robust complicated ones fail because they have too many elements to break.

Here is the logic of my system:

1. Look for Valid Support and Resistance

Yes excellent ancient trend lines then, check for a valid level – lots of tests, in lots of time frames. Next I wait for the level to break and new high or low to be made.

All the huge trends come from breakouts and these are the moves to go for.

Most traders like to wait for the pullback but they never get in. By waiting for a better price they miss the go. Losers don’t go with breakouts winners do.

2. Confirm the Trading Signal

You then need to see if the odds are on your side with the breakout so you check price momentum. There are lots of momentum indicators to help you time your go and get the velocity of price on your side. The ones you choose are a matter of personal preference but I like the ADX, RSI and stochastic. If my momentum calculation adds up I go with the break.

3. Stops

Stop below the breakout point and then trail the stop up behind random volatility not to get clipped out I like the 40 day MA.

That’s it! Simple yes of course but it works for me. The real trick is being patient I only trade 1 – 2 times a month with this method and to take small term draw down trailing the stop.

Adapted to Swing Trading

If the market is not trending, I adopt the strategy to look for shorter term moves and swing trade i.e using momentum to trade the moves between support and resistance. When doing this there is no trailing stop, just a target.

This method was simply one I picked up from a commodity trader in the late seventies and after trying all sorts of methods, it’s the one I settled on in the mid eighties and have used ever since. It works on commodities currencies and stock indexes.

Is it perfect? No, does it make money longer term – Yes and excellent money for the effort of 30 minutes or less a day.

I always get amused by people saying you have to keep updating your forex trading strategy and keep a journal of losses and why they occurred etc. To complicated for me! If I lost that’s fine you have to have losses to make gains and if the system isn’t broke don’t fix it.

I have the confidence to follow it, as know its logic and therefore have the discipline to follow it.

You can do it!

The above currency trading basic plot for profit will work for you, if you want it to.

You just have to learn the logic, settle on your indicators and you’re all set to lock into the exciting world of global currency trading.

If there is one area of life where you can keep it simple its currency trading and the real key is to have the confidence and discipline to follow your plot.

Pobierz całość: tnij.org It’s back – and this time it’s even more revealing. In this completely updated and expanded edition, top trader Robbie Burns gives you the lowdown on the strategies you need to make money from the stock market without having to sit at a screen all day. Robbie quit the rat race in 2001, and believes you can do it too.The original Naked Trader flew off the shelves as the glowing reviews from readers mounted up. This new edition contains loads of new stuff: more essential tips, more key facts, more thoughts, more insights, more real-life tales and an dreadful lot more toast. Robbie, aka the Naked Trader, is your expert and highly entertaining guide to the often baffling world of the stock market. In between cups of tea, rounds of toast and the occasional ‘cuddle’ with Mrs Naked Trader, he describes the straightforward techniques that have enabled him to succeed in the markets, escape the rat race and make a lot of money. This audiobook tells you all you need to know. If you’re a complete beginner you can start here or if you’re currently trading but want to learn some new thoughts – get listening now! Robbie reveals his trading secrets gathered from 10 years of money making. From how to find excellent shares in the first place, ensuring you don’t buy a complete stinker, to using spread betting to enhance gains and how to make huge returns quickly from smaller companies. There’s also his simple “”traffic lights”" system, which makes reading company reports a doddle …

I am starting my website before some days. I want to more traffic for my website. So is there any seo company? If yes then please tell me.

hi does anyone know about the mscs-rrr forex foreign currency trading e-book program that’s all over the internet ? can anyone tell me if it’s a scam or not and can anyone also tell me ways that i can find out on the internet if it’s for real or not ? thanking you in advance.

I heard that colonies will help you lose weight by removing ancient fecal matter from the large intestine. Does it really work?

Has anyone taken Bowtrol Colon Cleansing pills or anything like that.. I want to hear your feedback.

If so, what kind did you use and how long did you use it ? How much weight did you lose?

I operate a small web-marketing/SEO business and I’m looking to bring in some more business through an outbound commission-based sales team.

I wanted to know if SEO(sponsors for educational opportunity) has contacted anyone that applied this past November 2009?