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Now, you need to understand that trading with Forex is going to require a lot of effort on your part. Just because you're not selling something per se doesn't mean you get an easy ride. Just remember to focus on the tips you've learned above, and apply them wherever necessary in order to succeed and develop one of the best Forex trading strategies. Get more informational tips on my website @ boafx.co.uk/
Trading forex is really about controlling your emotions. There are various things that you need to have in your trade. For more information you can visit www.fideliscm.com/
In today’s video we look at how we were able to use our long-term strategy this week to produce in excess of 50 pips in the market with 1 simple pending order placed at the start of each week. The trades mentioned in the video use our long-term strategy can be used around a full time job due to the nature of the orders placed. The trade was given well prior to them triggering allowing all our clients to take advantage of the analysis and generate in excess of 50 pips, traded at £5 point this would be £250 in just one day from 1 simple trade.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com/forex-trading-videos/
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.com/programmes/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
In today’s video we look at how we were able to use our intra-day strategy this week to produce daily pips in the market with 1 simple pending order placed at the start of each day. The trades mentioned in the video use our intra-day strategy can be used around a full time job due to the nature of the orders placed. The trade was given well prior to them triggering allowing all our clients to take advantage of the analysis and generate daily pips, traded at £10 point this would be £1000 in just one day from 1 simple trade.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.co...
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.co...
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.co...
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.co...
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Tra...
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Google Plus - plus.google.com/+Platinumtrad...
Twitter - twitter.com/PlatinumFXTS
In today’s video, we look at how we produced over 100 pips in the market from two very simple strategies that anymore can use around a full-time job. Our forex strategies are so easy and simple to implement any one of any background can pick it up with ease. The trade we had for this video were the EURUSD Longer term & Intra-day Strategy. The trades would have been simple pending orders placed at the start of the day. As you can see from the video how the trades are explained is very simple and producing over 100 pips in profit in just a week of trading. Traded at £/$ 10 per pip that’s £/$ 1000 profit.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.co...
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.co...
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.co...
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Tra...
LinkedIn - www.linkedin.com/company/Plat...
Google Plus - plus.google.com/+Platinumtrad...
Twitter - twitter.com/PlatinumFXTS
Forex Diamond EA – Finally, a complete, high performance ea that uses 3 proven Forex trading strategies to consistently outperform the market!
In today’s video, we discuss Platinum's top strategy of 2018 which has produced over 1000 + Pips within 3 months. Imagine having access to a News Trading Strategy and being able to speak to a trader weekly to discuss your trading entries.
If you liked the Video, please Subscribe to our Channel.
Book a Free Appointment to speak to a trader!
www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
www.platinumtradingsystems.com/
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
To master the usage of different Forex trading strategies, get the guidance of leading brokers like WesternFX
Forex Trading Strategy - Take some profit!Our Forex trading strategy is moving according to the plan
If you were following my Forex trading strategy you've been noticed that it was moving exactly to the trading plan. It's a good time to lock in some profits and wait for a re-entry 100-200 pips below current CHF crosses levels. The brave ones can open some short term long CHF positions with 100 pips targets.
Today we discuss the upcoming crude oil report and how to trade it consistently, this strategy entails using our exclusive algorithm to trade intra-day bank buying and selling levels. We cover the top tips on trading this particular event and how Platinum traders can take advantage of this.
If you liked the Video, please Subscribe to our Channel.
Book a Free Appointment to speak to a trader!
www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
www.platinumtradingsystems.com/
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
In today’s video we look at how we were able to use our long-term strategy this week to produce in excess of 100 pips in the market with 4 simple pending order placed at the start of each day.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com/forex-trading-videos/
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.com/programmes/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
In today’s video, we look at how we were able to use our intra-day strategy this week to produce daily pips in the market with 1 simple pending order placed at the start of each day. The trades mentioned in the video use our intra-day strategy can be used around a full time job due to the nature of the orders placed. The trade was given well prior to them triggering allowing all our clients to take advantage of the analysis and generate daily pips, traded at £10 point this would be £250 in just one day from 1 simple trade.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.co...
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.co...
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.co...
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.co...
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Tra...
LinkedIn - www.linkedin.com/company/Plat...
Google Plus - plus.google.com/+Platinumtrad...
Twitter - twitter.com/PlatinumFXTS
The principle behind this intraday forex trading strategy is that there will always be small fluctuations in the prices of currencies and these small fluctuations can be converted into small-small profits.
Visit:
In today’s video we discuss how we made predictions on the recent market crash as well as market predictions and prices on the FOMC which managed to produce over 300 points in the market.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com/forex-trading-videos/
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.com/programmes/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
Various Types Of Profitable #Forex_Trading_Strategies To Employ In 2019 (Infographics) @ bit.ly/2Wp9XcG
Our passion is in forex trading strategies, MT4/MT5 indicators development, and automated trading. Visit: free-forex-indicators.com
You’ll also want to keep well versed not just on financial news, but world events. Changes in oil prices, trade policies, union rules, even fashion trends, can foretell trends on how currency exchange rates will move. bit.ly/YpYLa1
Make money and get profitable with the forex trading and make money in a day. get more suggestion for the forex
www.moneymakingforextools.com/free-forex-strategies-for-f...
Current monetary policy allows for free and open exchange of currencies at market rates for most US and European trading partners. In essence, by looking at the exchange rates, and by prognosticating on foreign and international news, bit.ly/YpYLa1
In today’s video, I discuss the support and network Platinum provides to all of our clients in terms of analysis and training on the forex markets. The video goes through the algorithmic trading system as well as the technical and fundamental analysis provided to clients on a daily basis. Using the strategies and systems provided clients are seeing great results from their trades. It would take as little as 30 minutes a day to take advantage of the trades.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.co...
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.co...
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.co...
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Tra...
LinkedIn - www.linkedin.com/company/Plat...
Google Plus - plus.google.com/+Platinumtrad...
Twitter - twitter.com/PlatinumFXTS
In today’s video we look at how we were able to use our intra-day and extreme zone strategy this week to produce daily pips in the market with 3 simple pending order placed at the start of each day. The trades mentioned in the video use our intra-day and extreme zone strategy can be used around a full time job due to the nature of the orders placed. The trade was given well prior to them triggering allowing all our clients to take advantage of the analysis and generate daily pips, traded at £10 point this would be £1000 in just one week from 3 simple trades.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.co...
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.co...
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.co...
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Tra...
LinkedIn - www.linkedin.com/company/Plat...
Google Plus - plus.google.com/+Platinumtrad...
Twitter - twitter.com/PlatinumFXTS
Back testing is also a powerful tool for putting a Forex strategy through its paces before you risk money on it. This is why the traders to a great extent depend on automated forex trading strategy tools in fine tuning their strategy. signup.easyforextester.com/
Set yourself up with a feature-rich Forex trading account equipped with charting, analysis and other vital aids. Choose WesternFX!
There is no one size fits all formula when it comes to the point of creating forex strategy. This is because a trading system needs to be individually tailored to each individual trader.
For more details please visit at signup.easyforextester.com/
The trading industry is relying greatly on automated forex trading strategies tool. The need for cutting edge and agile back testing strategy tool simply can’t be denied when it comes to the point of back testing the forex strategy. easyforextester.com/
No one ever said that trading success was easy. It takes time and you need to know and understand your market, as well as have a good bit of self control. These three simple Forex trading strategies will help keep you on track. bit.ly/10JMT4H
In today’s video we discuss how we made predictions on the recent market crash as well as market predictions and prices on the FOMC which managed to produce over 600 pips in the market.
Watch our Forex Trade of the Day Videos at
www.platinumtradingacademy.com/forex-trading-videos/
If you liked the Video, please Subscribe to our Channel.
Are you a Beginner Trader?
Do you want to Learn the correct method to make the most profit with the best Forex Trading Strategies, then you need to visit us at
www.platinumtradingacademy.com/forex-trading-strategies/
CALL +44 0207 193 2931 to know more about our Forex Trading Programmes!!
www.platinumtradingacademy.com/programmes/
Are you an Experienced Trader?
Do you want to move on to the Next Level of Training?
Visit our Forex Blog to get more insights on how we Trade and make maximum Pips in the FX Market!
www.platinumtradingacademy.com/forex-blog/
Forex Trading System for Advanced Trader -
Platinum Trading Systems is a leading Forex Trading system to provide a great advantage to retail traders to take a direction towards profitable trading.
At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
Please follow us on our Social Media Pages-
Facebook - www.facebook.com/Platinum-Trading-Academy-593442627424937/
LinkedIn - www.linkedin.com/company/Platinum-trading-Academy
Google Plus - plus.google.com/+PlatinumtradingAcademy/
Twitter - twitter.com/PlatinumFXTS
Current monetary policy allows for free and open exchange of currencies at market rates for most US and European trading partners. bit.ly/YpYLa1
The first trend any trader or investor should follow is with lower highs or higher lows. This basis of a Forex trend trading strategy allows you to ride any trend.
Are you wanting to include support and resistance levels as part of your forex trading strategy. Check out my YouTube video where I give you my 3 GREATEST tips for identifying these crucial levels
Discover how you can get automatic, daily income of anywhere between $1,500-$4,000 from a brand new manual Forex trading strategy!
Learn more =>> www.forexreviews24.com/forex-profit-inception/
There are many types of strategies available to people, we can split up strategies into short term trading strategies and long term trading strategies. It’s important to understand market conditions when deciding which one to use. www.platinumtradingacademy.com/best-forex-trading-strateg...
Rumors Rumors Here We ComeThe US dollar was surging today together with the stocks plunge in Wall Street. The rumor which was spread heavily in Twitter, was that France debt rating will be downgraded today. As was expected, this turned to be a nonsense, but the rumor caught the markets in a very delicate and nervous situation, where every spark causes a huge fire.
The good news are that we don't see the panic we saw in recent sessions, and the evidence for that is the relatively weakness of the Swiss Frank Which became a leading safe heaven for investors and a barometer for risk aversion.
The US dollar which was supposed to collapse after yesterday's FED's comments, is showing some strength due to the fact that like CHF and JPY, it also serves as a safe haven for investors.
But it is only temporary. I'm expecting a fade out of the recent panic wave, unless more bad news will appear on the radar. And when the panic will fade out (watch the VIX carefully) and a new tide of risk appetite will flood the markets, the US dollar will plunge togheter with the Swiss Frank and probably the Japaneese Yen, And Australian Dollar, New Zealand Dollar, The British Pound and the Euru, will make substentails moves.
I'm keeping on implementing my recent Forex trading strategy and accumulating small packets of EUR/USD, AUD/USD, NZD/USD, GBP/USD, EUR/JPY, AUD/JPY, NZD/JPY, GBP/JPY, EUR/CHF, AUD/CHF, NZD/CHF and GBP/CHF on every 100-200 pips dip.
I actually trade without setting my Take profit right now. I'm planing on targets of around 1000 pips per trade! This is my main Forex trading strategy for days like this!
But my dear friends, please beware! The markets are very violent and any move against you can wipe-out your account. Unless you trade with a very low leverage, like I do!
See you soon.
Forex trading provides a chance to participate in a global economy with great potential. Because of its popularity among day traders, Forex has earned a reputation for producing rapid returns.
To not only succeed, but to succeed consistently, you must first comprehend the market and then fine-tune your trading technique.
1. Fundamental definitions: Forex day trading system and strategies
1.1. What is day trading?
Day trading is the practice of opening and closing positions on the same day. Day trading tactics are more action-packed and need traders being at their trading station throughout the session to follow the live price charts.
1.2. What is Forex Day Trading System and Forex Day Trading Strategy?
Forex day trading systems should not be confused with day trading strategies.
The primary distinction between a system and a strategy is that a system specifies a trading approach, but a strategy is more descriptive and gives more precise information, such as entry and exit locations, indicators, and time periods.
1.2.1. How many types of Forex Day Trading Systems?
Scalping: In this system, buying or selling occurs immediately after the deal becomes profitable. The goal of this trading style is to achieve profitability while you are just up a few pips. You might anticipate to trade a lot and create a lot of money. The profit per transaction is rather little.
Fading: Fading is a system in which equities, an index, or a currency pair are shorted shortly after an upward advance. You want to profit from market actions that attempt to recover an asset's previous price.
Daily Pivots: Profit is made in this technique by using the volatility of asset values on a daily basis. The purchasing or selling occurs at the low phase of the day, and the trade is closed during the high period of the day. The price objective here follows the same trend as described earlier.
Momentum: In this sort of Forex Day Trading Systems, trading is generally done on the basis of news releases or by detecting powerful moves that are trending and are supported by big volumes. In this approach, the price goal is reached when the volume begins to decline and bearish candles appear. You are normally seeking to buy an asset a few hours before news is out, and then sell it once the market has moved sufficiently in your favor.
1.2.2. How many types of Forex Day Trading Strategies?
The following are 5 of the most commonly used Forex Day Trading Strategies:
Trend trading: Trend traders try to earn money by examining the direction of asset prices and then purchasing or selling based on the direction of the trend. If the trend is upward, with prices reaching successive higher highs, traders would establish a long position and purchase the asset. If the trend is downward, with prices making successive lower lows, traders would sell to take a short position.
Swing trading: Swing trading is all about taking advantage of short-term price patterns, using the notion that prices in a trend never travel in one way. While trend traders strive to profit from long-term market trends, swing traders are more interested in minor price reversals in a market. They try to anticipate these reversals and trade to profit from minor market fluctuations.
Scalping: Scalping is a short-term trading method that focuses on having a high win rate by taking tiny but frequent profits. The notion is that you can create a large trading account just as readily by taking modest profits repeatedly as you can by executing fewer trades and seeking to lock in earnings in the long term.
Mean reversion: Mean reversion is the belief that prices, and other measures of value such as price-to-earnings (P/E) ratios, will always return to the historical mean. The method employs technical analysis techniques such as moving averages to identify assets whose recent performance has deviated significantly from their historical average. Mean reversion traders will then profit from the return to their usual trajectory.
Money flows: The money flow indicator indicates if an asset is oversold or overbought by combining volume and price rather than just the asset's price. It determines whether the money flow was positive or negative by comparing the number of deals from the previous day to the current day. A rating of 80 or higher indicates overbought circumstances and should be sold by the trader. A value of 20 or less implies oversold market conditions and is a buy signal.
2. How do I determine if I am a Forex day trader?
Be a forex day trader if you:
Enjoy starting and finishing a deal on the same day.
Have time to evaluate the markets in the morning and can follow them throughout the day.
want to know won or lost at the end of the day.
Not be a forex day trader if you:
Prefer long-term or short-term trading.
Don't have time to examine and watch the markets throughout the day.
Work during the day.
3. How to start day trading Forex?
To begin trading right now, open a genuine account or practice risk-free with virtual cash on our demo account.
Choose between spread betting and CFD trading as your product.
Investigate the forex market and consult our day trading guide for success ideas and methods.
Brush up on your technical analysis skills by studying price charts and technical indicators.
To preserve your capital, use risk-management instruments such as stop-loss orders.
4. How do Forex Day Traders make money?
Day traders use big amounts of cash to profit from slight price swings in highly liquid indices, equities, or currencies. In other words, these traders are not seeking for significant price falls and peaks. They are OK with little, moderate swings, but their transactions are greater and more frequent than those generated by traders who invest for longer periods of time. The primary goal of a day trader is to generate a large number of pips in a single day.
Day traders should ideally earn profits on both asset highs and lows in forex day trader strategies. The entry in the various systems employ comparable tools to those used in conventional trading; the only variation is in the time and approach.
5. What are the most profitable forex trading strategy for beginners?
After determining a time frame, the intended position size on a single trade, and the anticipated number of transactions you want to open during a specific time period, we'll go through three prominent Forex trading strategies for beginners that have shown to be profitable.
5.1 Scalping
Forex scalping is a popular trading method that focuses on minor market fluctuations. This approach entails opening a huge number of transactions in the hopes of making tiny returns on each one.
Hence, scalpers strive to maximize earnings by making a high number of minor gains. This method is diametrically opposed to remaining in a posture for hours, days, or even weeks.
Because of the liquidity and volatility of the Forex market, scalping is quite popular. Investors are seeking markets where the price movement is continually shifting in order to profit from modest variations.
5.2 Day Trading
The process of exchanging currencies in a single trading day is referred to as day trading. Day trading method, while applicable in all markets, is most commonly utilized in Forex. This trading strategy suggests that you open and close all deals in a single day.
To reduce risk, no position should be left open overnight. Unlike scalpers, who only want to stay in markets for a few minutes, day traders typically monitor and manage open deals throughout the day. Day traders produce trading ideas mostly using 30-minute and 1-hour time periods.
Many day traders base their trading methods on breaking news. Scheduled events, such as economic figures, interest rates, GDPs, elections, and so on, have a significant influence on the market.
5.3 Position Trading
Position trading is a long-term investment technique. This trading method, unlike scalping and day trading, is primarily concerned with basic variables.
Minor market swings are not taken into account in this technique since they have little impact on the overall market picture.
To detect cyclical patterns, position traders are likely to study central bank monetary policies, political developments, and other fundamental variables. Successful position traders may only open a few transactions every year. However, profit goals in these trades are likely to be in the hundreds of pips range.
6. To sump up: Key highlights about Forex Day Trading Systems and Strategies
The practice of starting and closing trades on the same day is known as day trading. Day trading strategies are more action-packed and need traders to stay at their trading station throughout the session in order to monitor the live price charts.
A system differs from a strategy in that it outlines a trading technique, but a strategy is more descriptive and provides more exact information.
The four most common Forex Day Trading Systems are: Scalping, Fading, Daily Pivots and Momentum.
The five most common Forex Day Trading Strategies are: Trend Trading, Day Trading, Scalping, Mean reversion, Money flows.
The most profitable Forex day trading strategies for beginners (can be changed in the future) are: Scalping, Day Trading, Position Trading.
Source: https://libraryoftrader.net/the-crucial-guide-to-forex-day-trading-systems-and-strategies
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