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Thread: Simple Strategy for Beginners

  1. #1
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    Simple Strategy for Beginners

    Simple Strategy for Beginners

    Pairs: Any pairs of currencies but better EUR/JPY and EUR/USD and GBP/USD.

    Time Frames: 4 hours

    Technical indicators:-

    5 & 10 SMA
    Stochastic indicator with the following settings: 14 – 3 – 3
    RSI 9.

    Short Position :-

    -Waiting for an interrupt of 5 SMA for 10 SMA down.

    -Look at the RSI indicator where it should be below the level of 50 suggesting that the momentum is down.

    -The stochastic indicator of the saturation area or the region of the area and its way down.

    -If these conditions exist, enter a sale.

    Target: 50 points and stop: 50 points.

    Attachment 21777

    Long Position :-

    -Waiting for the intersection of 5 SMA for 10 SMA upwards.

    -Look at the RSI index where it should be the highest level of 50 suggesting that the momentum is up.

    -The stochastic indicator should be in the area of saturation or the region of the area and on the way up.

    -If these conditions exist, enter purchase.

    Target: 50 points and stop: 50 points.


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  2. #1221
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    Quote Originally Posted by zha5454 View Post
    In forex market a lot of daily basic simple earning strategy available for trading but without taking a lot of experience and knowledge we should not develop it for our trading business. Most of time i have try to make trend line and swing long term strategy for everyday trading on this business to earn good profit or loss from market.
    Yes in Forex business so many strategies are available but there is no simple and easy strategy until newbie trader has good knowledge and trading skills.Forex business is good but making money in this business is not easy therefore every trader need a good strategy.Beginner trader should choose the strategy carefully because a minor mistake can become the reason of loss.Long term strategies are suitable for the beginner traders.

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  3. #1222
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    Every trader who is just starting forex trading then the first step is to be patient to spend a lot of time learning and practicing in demo accounts to find strategies and planning that suits your trading style and capital. if you have found a way then just apply in the real account certainly it would be better to reduce the risk than directly trading in the real account.

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  4. #1223
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    Quote Originally Posted by letsdo View Post
    Every trader who is just starting forex trading then the first step is to be patient to spend a lot of time learning and practicing in demo accounts to find strategies and planning that suits your trading style and capital. if you have found a way then just apply in the real account certainly it would be better to reduce the risk than directly trading in the real account.
    You are absolutely right bro, but every trader does't concentrate these all thing well so when he could start our trade on market then more then time faces good loss on this business. If you can make better to better and profitable strategy for trading then you have need to working on this business with good planning and hardworking trading method.

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  5. #1224
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    In Forex market this is big deal to get the success from the start to the end so a lot of the new traders are facing the troubles while picking the wrong strategies in use so they should to learn better the good strategies and also they have to give priorities to learn from the demo market so this is the best option to get safety in the real market as well .

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  6. #1225
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    the best comfort awareness for new traders will be the strategy that they want to use which is important, when they are comfortable with the strategy they can also train them longer and relax without having to always be complicated to see the market, because initial comfort has been instilled in them for strategy who wants to use.

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  7. #1226
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    Beginners must be ready to learn and take their time to build a profitable system which will help determine how they can make it here. Newbies must work hard to manage loss and they must always take the demo seriously so as to build a profitable trade that would give them the chance to become successful. There are simple system that beginners can learn from and know how to manage their trade to build a strong trading that would determine that good returns.

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  8. #1227
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    There is no thing easy and simple in Forex trading we must have need to be aware about this bitter truth. A trader must have need to believe on his hard work to make that thing easy.
    A trader when he create his own trading strategy then it becomes simple for his trading career and he know that what he is doing and what will be the result of doing it.

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  9. #1228
    Registered user cutiekc's Avatar
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    Simple trading approach is all possible, however, we ought to be willing to learn and master the business. A lot of traders don't seem to understand the business, forex is such a business that gives you what you give it, so therefore if we want to have a simple trading strategy, then we ought to put in more efforts into learning and also be more practical.

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  10. #1229
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    Quote Originally Posted by Tonycee View Post
    Beginners must be ready to learn and take their time to build a profitable system which will help determine how they can make it here. Newbies must work hard to manage loss and they must always take the demo seriously so as to build a profitable trade that would give them the chance to become successful. There are simple system that beginners can learn from and know how to manage their trade to build a strong trading that would determine that good returns.
    Simple or powerful trading system always determine the trader experience and knowledge if he can a lot of experience about make any trading system then you can easily build everyday profitable strategy for trading and earn good money from it. A lot of daily basic simple strategy available for beginner but without good planing and experience it is very hard for beginner.

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  11. #1230
    Registered user Yayami's Avatar
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    Quote Originally Posted by isaac View Post
    Simple or powerful trading system always determine the trader experience and knowledge if he can a lot of experience about make any trading system then you can easily build everyday profitable strategy for trading and earn good money from it. A lot of daily basic simple strategy available for beginner but without good planing and experience it is very hard for beginner.
    trading would be easy to do once we've placed our orders and market gives us the profits according to our plan. before that happens, we'll start worrying about things and stress could take over our mind slowly. it's such an impossible thing for beginners to get satisfying result from market because their main job to do for their first time is to learn. stay away from real market and don't even think about making money without experience or knowledge.

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