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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

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    Quote Originally Posted by elmadry View Post
    Loss is a must in Forex because it is the only way to get the experience of Forex. Therefore, the new trader must understand this and learn from his mistakes so that he can reach success in Forex. Making mistakes is not bad, but bad is not learning from mistakes.
    Yes, every forex traders are losing at on me time or the other, we can not be a perfect trader who will be gaining every time. We need to plan what we are trading and we can not be trading forex without a simple strategy, that will make the whole plan of that trader to be complex. We need to rely on the use of stop loss too, without stop loss, more of the things we plan will only make us lose.

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  3. #1262
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    Quote Originally Posted by elmadry View Post
    Loss is a must in Forex because it is the only way to get the experience of Forex. Therefore, the new trader must understand this and learn from his mistakes so that he can reach success in Forex. Making mistakes is not bad, but bad is not learning from mistakes.
    For sure, the losses will always be there, we can't deny the fact that we will have losses in forex trading market, but in a nutshell, what we are looking at is the fact that eve when we loss then we can recover that is how the business is to be handled. Therefore a trader that takes the business as a business whereas you will make money and then loss as well, you be able to maintain the risk and losses.

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  4. #1263
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    Every new trader should note that any trading strategy that they are giving to you here is just to help you see throught the market on their strategy but that does not mean that you will have to jump into the market with a strategy that you have not yet proven.

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  5. #1264
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    Quote Originally Posted by uchehara View Post
    Every new trader should note that any trading strategy that they are giving to you here is just to help you see throught the market on their strategy but that does not mean that you will have to jump into the market with a strategy that you have not yet proven.
    There is no simple and easy strategy for new traders because new trader has lack of knowledge and skills and without knowledge no strategy would be good and profitable.Therefore newbie trader first focus on learning.Demo accounts are more helpful for trader for getting good knowledge.I think long time frame strategies are good and suitable for newbie traders because trading with long term is less risky.

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  6. #1265
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    Simple trading system for newbie in this business always good because in this way he can understand market trend and make any simple trading strategy and getting good earning. I think trend line strategy and candlestick chart pattern trading strategy are simple and always give the trader maximum profit when he could success it.

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  7. #1266
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    Quote Originally Posted by elmadry View Post
    Loss is a must in Forex because it is the only way to get the experience of Forex. Therefore, the new trader must understand this and learn from his mistakes so that he can reach success in Forex. Making mistakes is not bad, but bad is not learning from mistakes.
    Loss is must but if you can more then learning and practice for trading then you can easily make ans choose strong trading system for trader and get good profit from it. It always depend upon our experience and knowledge without it anyone have not get good profit from this business.

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