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  1. #1
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    Simple trading System for the new traders

    Here I am giving you a very simple trading strategy. I hope for the new trader it will helpful. This strategy is based on moving average, MACD, CCI, PARABOLIC SAR. We need three EMA. EMA-5, 6 AND 35. And indicators are with default settings. Now you will go for the buy when EMA-5 and EMA-6 cross the EMA-35 to the top and MACD line is above the zero line and the CCI is not higher than 90. You will go for sell when EMA-5 and EMA-6 are under EMA-35 and the MACD is below the zero line and the CCI is under the 90 level. Use target 40 to 60 pipes and use stop loss 30 pips. Always use trailing stops 20 to 30.

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    Last edited by Gulfstream; 10-30-2015 at 05:09 PM. Reason: Red colour

  2. #21
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    Quote Originally Posted by cozard007 View Post
    Well, the truth about the forex trading remains that it is very risky but simple. The risk in this business is making its simplicity to be lookingas if it were not. Its all about the preparedness of the trader and what he is applying in the market with what he know. This shows traders has to help themselves on this regard.
    In other trade which pertains to emotional trading, you said you battled with emotions for long before you were able to know how to get it to use it rightly. Well, you see, it is also not simple and easier, because learning the strategy could be but then the emotions is something else which is usually hard for traders to get along with.

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  3. #22
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    Quote Originally Posted by splash View Post
    In other trade which pertains to emotional trading, you said you battled with emotions for long before you were able to know how to get it to use it rightly. Well, you see, it is also not simple and easier, because learning the strategy could be but then the emotions is something else which is usually hard for traders to get along with.
    emotion is what traders are battling with in this forex business. and the good strategy will not be made good when traders do not look for the way to trade well when the emotion is affecting what they are doing in the forex business and do not help them.

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  4. #23
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    After learning forex newbies should use the small lot size and should accept the small profit, they should also use the stop loss and take profit method. In my opinion it is the best simple trading strategy and all the newbies should use this trading system in order to get the fruitful result from this business.

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  5. #24
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    Quote Originally Posted by Nova View Post
    After learning forex newbies should use the small lot size and should accept the small profit, they should also use the stop loss and take profit method. In my opinion it is the best simple trading strategy and all the newbies should use this trading system in order to get the fruitful result from this business.
    yes. traders who can be making tehir money by the way of strategy they use are doing well in the business. such traders are not too big like the traders who are losing in the forex business, only the right strategy can help traders to making the money.

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  6. #25
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    Quote Originally Posted by Nova View Post
    After learning forex newbies should use the small lot size and should accept the small profit, they should also use the stop loss and take profit method. In my opinion it is the best simple trading strategy and all the newbies should use this trading system in order to get the fruitful result from this business.
    That is a good thing you have said sir, traders has to be learning without big risk, if they are still learning and training about the market, they should never try to risk in it too high, if they are risking high, lots of regrets would follow and they might not have the best in what they are doing in the market, and learning might be affected.

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  7. #26
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    Quote Originally Posted by Nova View Post
    After learning forex newbies should use the small lot size and should accept the small profit, they should also use the stop loss and take profit method. In my opinion it is the best simple trading strategy and all the newbies should use this trading system in order to get the fruitful result from this business.
    You are right about that and the little lost size should be used on the demo account there we would be able to learn more about the business and would know how it would work for us on the real account before we then can start making use of it on the real account. A trading system will be simple only when we have learned it and practiced it.

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  8. #27
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    Quote Originally Posted by splash View Post
    In other trade which pertains to emotional trading, you said you battled with emotions for long before you were able to know how to get it to use it rightly. Well, you see, it is also not simple and easier, because learning the strategy could be but then the emotions is something else which is usually hard for traders to get along with.
    [lang=id]learn to control the emotion will become a long journey because the emotion will always be there, for this side, of course, we can not fight it again and again but we just need to control it, this is the only way for us to make stable the emotion and sure that we understand it with well[/lang]

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  9. #28
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    Quote Originally Posted by samprazaan View Post
    [lang=id]learn to control the emotion will become a long journey because the emotion will always be there, for this side, of course, we can not fight it again and again but we just need to control it, this is the only way for us to make stable the emotion and sure that we understand it with well[/lang]
    Well, the decisions to control the emotion has to be personal, and I do not think it is a hard thing. It is just the function of the trader to make some tangible decisions in the market through their determination of what they want to be doing and backs that up with the way they are doing their trading. Also, good system and its believe helps traders.

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  10. #29
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    Quote Originally Posted by cozard007 View Post
    Well, the decisions to control the emotion has to be personal, and I do not think it is a hard thing. It is just the function of the trader to make some tangible decisions in the market through their determination of what they want to be doing and backs that up with the way they are doing their trading. Also, good system and its believe helps traders.
    But believe me buddy its hard to control the emotion, it always seem easy to control but so many trader's are getting problem for it regularly in their business, in real sense its not hard but I think people are making it so hard by their own faults. There are some decisions which should be correct then emotion control could be easy for us.

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  11. #30
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    In as much as forex trading is concerned and according to my trading experience, there is no simple trading system for traders, so therefore before any trader would think of making any amount of money from forex trading, then they have to learn and comprehend the business whereas knowing that forex trading is a risky business. When it becomes too simple then the trader must have learned it or is deceiving his or her self.

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