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Saturday, March 24, 2012

Best Forex Trading Strategy - The One the Pro Traders Use for Huge FX Profits!




Enclosed we will outline the best Forex trading strategy, for making big profits quickly and the good news is - this strategy is easy to understand, can be learned quickly and is the one the real pro traders use, to pile up huge gains and you can use it too - let's take a look at it in more detail.





This strategy is not popular with new traders and we will look at why in a moment but first, let's look at the logic it's based on and why it works.





On any currency trading chart, you will see big price trends and you will also see that many last a long time. In fact the best trends, last for weeks, months or even years. This strategy is based on how all big price trends start and continue which is in the following way:





Any Bullish Price trend, will start by breaking up through resistance to new chart highs and the trend will continue to do this, as the trend matures and unfolds. If you want to get into all the best trends you need to focus on buying high odds breakouts,through strong chart resistance levels.





The above strategy is both simple and logical and if you look at any currency pair you will see how profitable it is - so why do most traders ignore this strategy?





Most traders ( especially novice traders) are obsessed with predicting the exact low of a trend change but this is doomed to failure, because you have to predict and that's really just hoping or guessing. These traders continually buy into support and hope the level holds, most times it doesn't and they lose.





The trader who likes to get in low and sell high cant take a breakout, he sees the move happen but can't buy it because, he thinks he has missed the start of the move and wants to get in at a better and lower price so what does he do?





He waits for a pull back in price but he waits in vain and the reason is simple - the best breakouts simply don't come back they accelerate away from the breakout point and the trader who waited for the pull back misses a huge profit opportunity.





The professional trader doesn't mind missing the exact low, his focus is on having the odds on his side (which a breakout gives him) and focuses not on what he's missed but the huge profit ahead of him.





Breakout trading, involves looking at resistance levels traders feel are important which have been tested a few times and in terms of breakout trading - the greater the number of tests the better the breakout will tend to be when it eventually occurs. In addition, the wider the tests are apart the better in terms of time.


Generally I look to trade a minimum of six tests and two of these tests, should be at least six weeks apart.





Breakout trading will work, as long as markets trend and of course this will never change and don't' worry that not many traders trade breakouts, because the bulk of traders lose. If you want to win you want to be in the minority so join the elite minority who make money and use, this Best Forex Trading Strategy for making gains in just 30 minutes a day.


Sunday, March 11, 2012

Best Forex Automated Systems - This One is Free and Made Millions in Profit!




When looking for the best automated Forex trading systems, a strong contender is the one enclosed and don't think because its free it doesn't work - it does and has for over 20 years...





There is no question Forex trading systems have a bad reputation and this is down to the numerous junk robots that are sold with track records that are simply back tests and not proven. The system we are going to look at here on the other hand has been used by savvy traders around the world for years and works.





The system we are going to look at is the 4 Week Rule and it was devised by one of the great traders Richard Donchian and since the late seventies it's been at the heart of some of the top traders systems - even trading legend Richard Dennis was a fan so you know your in good company.





The system is incredibly simple and you don't even need a computer to run it - it has one simple rule, so lets look at it.





Buy a new 4 week high and reverse the position when a new 4 week low is hit - keep buying the 4 week high and selling the 4 week low and always maintain a position in the market.





You can't get much more simple than that and but if you think about the logic it's soundly based.





1. it's a very simple breakout system and it's a fact that most major trends start from breaks to new market highs or lows.





2. By its very nature its long term and if you look at a Forex chart, you will see the big trends can last many months or longer.





3. This system as it is always in the market so is guaranteed to put you on the side of every big trend.





It's also got some other great advantages, it's quick to implement about 15 minutes a day max and gives you a set trading signal with no subjective judgement needed.





Despite the fact it works and will continue to work most traders won't bother with it and here are the reasons why.





1. They think its to simple despite the fact it works





2. They want to buy tops and bottoms exactly, despite the fact you can't do this





3. Its to long term and traders always like action and lack the discipline to hold long term trends





4. It's not complex - traders think this increases chances of success but of course the opposite is true - simple systems are more robust.





5. It's not based on fancy theories chaos, neural networks, artificial intelligence etc - these theories don't work in Forex but again traders love them.





6. There is no fancy packaging or a ridiculous name that insinuates taking on and beating the market.





Most traders pick junk robots with simulated track records and fall for the hype. This automated Forex trading system has no hype but plenty of profits and I know which system I would rather have!





The system works and will continue to work and if you are interested in long term profits take a look at it and it can increase your chances of forex trading success.


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