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  1. #1
    Super Moderator RoboForex Trader's Avatar
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    Basic trading strategies

    Fast moving averages crossover Forex trading strategy.

    Trading systems based on fast moving averages are referred to systems quite easy to follow. Let's analyze following data of this simple system.
    Within this system you can use any currency pairs. Time frame chart should be 1(one) hour or 15 (fifteen) minute’s. It’s recommended for the following indicators: 10 EMA, 25 EMA, 50 EMA.

    To make this trading system well-done you should comply with the entry rules: when 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).

    There are two variants of exit rules. First one covers an exit when 10 EMA crosses 25 EMA again.

    The second variant necessitate an exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).



    As other trading systems it also has advantages and disadvantages. We must mark following strong points: it is userfriendly and it gives very good results when the market is trending, during big price break-outs and big price moves.Following disadvantages should be noted also: fast moving average indicator is a follow-up indicator or it is also called a lagging indicator, which means it does not predict future market directions, but rather reflects current situation on the market. This characteristic makes it vulnerable: firstly, because it can change its signals any time, secondly – because need to watch it all the time; and finally, when market trades sideways (no trend) with very little fluctuation in price it can give many false signals, so it is not suggested to use it during such periods.

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  2. #2261
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    You should have a better idea about how the market works and then you should develop your trading skills about how you would want to become profitable trader, traders who knows how the business works should know that the idea of support and resistance will so much help you be able to identify the market movement and also get to make you know that there are quite a lot of things to be learned about the business.

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  3. #2262
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    Quote Originally Posted by Darkhorse View Post
    You should have a better idea about how the market works and then you should develop your trading skills about how you would want to become profitable trader, traders who knows how the business works should know that the idea of support and resistance will so much help you be able to identify the market movement and also get to make you know that there are quite a lot of things to be learned about the business.
    When we have an idea of the behavior of the Forex market and how certain chart patters or indicators can allow us to anticipates its move, we can make profits. Most strategies are effective for trading trend, while moving against the trend is not recommendable unless we have strong reasons to believe for trend reversals. There are many strategie, but then it is our practical knowledge and experience which help us to identify the good strategies suitable for us.

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  4. #2263
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    Trading without breaking trend rules is the fundamental principle of any successful trader, that is you are not placing a biy order when the market is bearish or a sell order when it is bullish. Take profit twice the stop loss, RR is 1% stoploss 5 pips below or above the entry,Analysis four hours.This can be done without using an Indicator.

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  5. #2264
    Trader pajero's Avatar
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    Quote Originally Posted by Osas Lugard View Post
    Trading without breaking trend rules is the fundamental principle of any successful trader, that is you are not placing a biy order when the market is bearish or a sell order when it is bullish. Take profit twice the stop loss, RR is 1% stoploss 5 pips below or above the entry,Analysis four hours.This can be done without using an Indicator.
    Regulations in a trade are like the rules in which we work. Imagine, if we break the rules in our place, we might be dismissed from our jobs. If we compare it with trading, if we violate the rules that we make, the possibility of our account for Margin Call is very large.

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  6. #2265
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    There are various basic and common trade strategies that are very favorable for the new traders to gain outstanding income with them so with putting self on the demo accounts we can easy to connect with the success by our best trade strategy and also our managing capacity is valuable to win profits through it.

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  7. #2266
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    Quote Originally Posted by letsdo View Post
    There are various basic and common trade strategies that are very favorable for the new traders to gain outstanding income with them so with putting self on the demo accounts we can easy to connect with the success by our best trade strategy and also our managing capacity is valuable to win profits through it.
    i better tell to beginners about some sort of approaches that has few explanations to understand like candlestick patterns, support resistance levels, and trend lines because these strategies are the best which must be learned before combining other strategies to learn. maybe these still not really familiar for them but as time passes by, spending more time to practice in demo will reveal everything soon with better knowledge and understanding about basic strategies.

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  8. #2267
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    Basically i likely work with the Moving average indicator which is a popular and very well define trading process that very perfect to trade and very useful for us so we have to use other strategies and have the power of experience and good practical work all matters to achieve and maintain own success within this market .

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  9. #2268
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    We need to have the best of trading strategies that we are making use of. Trading has a lot of learning and also the trader should be able to have focused more on the best approach in trading which will for sure get them to become profitable. The basic trading method is where the trader has been able to use the support and resistance approach in trading, that is also so much effective if the trader can also be such of a patient trader.

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  10. #2269
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    A good trading strategy is what we all need, before we can become successful in this business, we should start from the scratch and not be the kind of trader who wants to trade with the use of the complex trading strategy, I make use of the indicators but then I still do value those simple basic methods of trading.

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  11. #2270
    Trader Rylai's Avatar
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    Quote Originally Posted by Darkhorse View Post
    A good trading strategy is what we all need, before we can become successful in this business, we should start from the scratch and not be the kind of trader who wants to trade with the use of the complex trading strategy, I make use of the indicators but then I still do value those simple basic methods of trading.
    For the first time in a while, we won't know if the strategy we're using now is good or not unless we give it a tryout for weeks or months in positive or negative result. basically a trading strategy will show its difficulties first before we can understand them well. however after long time trading with the same strategy but it's not giving us any good income, maybe it's our time to move on or evaluate something that still troubling us.

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