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Thread: Simple Strategy For Beginner Only

  1. #1
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    Simple Strategy For Beginner Only

    This strategy is used for beginner traders only. It is simple and easy to use but effective for traders who don't have strategy yet. I ever tested with EUR/JPY only and it is not guarantee 100% profit to use it so don't hope too much. But if you can be discipline so overall result in a month is still profit. The strategy is so simple and all you need is only time for setting open position and setting for SL and TP. Here is the strategy :
    Open your history data for EUR/JPY - Click Tools and then History. Choose Forex then find EUR/JPY as choice and Click Daily (D1), You can see the history data for each day in there. Then you can set pending order buy stop from open+20 and sell stop open+20 with setting TP and SL as you wish. My suggestion is 50 pips for TP and SL. Another setting is 70 pips for TP and 50 pips for SL.

    That is the simple strategy, remember don't set this if current price is more than open+20 or open-20. From my experience, you should set pending order between open market (00:00 in broker time) up to 06:00. If there is another member in the thread who ever used this strategy, you can share your experience in here too. I hope this simple strategy can give some profits while you're trying to find out better strategy.

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  2. #1761
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    H4 strategy is the stress free and less risky for a new trader so a beginner work with taking lot of learning first and also have the powerful experience that will guide them to arrange the trade in the correct times so this is one important thing to have the best strategies that suitable for winning progress in the live market work .

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  3. #1762
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    The beginner traders should know what they are up to in the business. No matter how simple the trading strategy is one thing is for sure, once the beginners are not exposed to learning then they can't make use of the trading strategy, we have a whole lot of the trading strategies which are simple, but still yet the beginners fails at making use of it.

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  4. #1763
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    Quote Originally Posted by Striker$ View Post
    The beginner traders should know what they are up to in the business. No matter how simple the trading strategy is one thing is for sure, once the beginners are not exposed to learning then they can't make use of the trading strategy, we have a whole lot of the trading strategies which are simple, but still yet the beginners fails at making use of it.
    If beginner daily basic learning about it and find that best way to enter the market in low risky level he can easily start our trade on market with any way and earn some pips good profit. Manual and swing long term strategy are best example for beginner to everyday start our trade in market with simple trading method.

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  5. #1764
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    Beginners need for simple strategy but strategy can not earn money without good traders experience and knowledge. So new traders should not trust the strategy only but they have to learn many things and be able to determine general market direction using candles sticks or trend indicators like Moving average or Bollinger Bands.

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  6. #1765
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    Quote Originally Posted by Krosneles View Post
    Beginners need for simple strategy but strategy can not earn money without good traders experience and knowledge. So new traders should not trust the strategy only but they have to learn many things and be able to determine general market direction using candles sticks or trend indicators like Moving average or Bollinger Bands.
    Before choosing any strategy beginner trader should spend his good time for learning and do more practice for getting good trading experience.Forex business is very beginner trader should choose the strategy carefully because a minor mistake can become the reason of loss.So many strategies are available in Forex and i think long term strategies are suitable for the beginner traders.

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  7. #1766
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    It is very important o understand that when we start the forex trading business by learning more about the market then it in turn makes our trading activities become very simple and effective, and we should be willing to invest adequate time into practicing because there is no way to master the field of forex trading business without first understanding how it works. Personally, I believe that there are such trading system which is very simple to learn and master too such as the 200ema trading strategy.

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  8. #1767
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    Quote Originally Posted by amjad23510 View Post
    it is better to take a start with simple trading strategies because simple strategies can be understood with ease and such trading strategies provide us a better opportunity to earn and to remain in business for long time.Accuracy is most important thing for a trader and newbies should learn the basics in order to take a consistent start in trading.
    Of course, new trader needed to daily basic learning and use demo account for trading practice then you can simply verify that which way is best for him to everyday start our trade in market. According to my experience and knowledge trend line high accuracy way are very simple and profitable way to increase everyday good profit in it.

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  9. #1768
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    a new trader should to make the strategy and the enough learning skills are always important for getting success and with getting experience is making the success of trader possible in this market so we should to learn a strategy properly and then practices always helpful to wins the success and getting the reliable outcomes from the forex market .

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  10. #1769
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    Many strategies are available and I think the best a newbie can easily follow up should be the trend. The trend is simple to spot out and newbies can use the trend line tool to define a trend to know when they can follow the market. They can also practice with the demo account which will help give them the chance to work on a profitable system. Beginners can surely earn and they can have so much to achieve in forex and seek in the means to define their goals in trading.

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  11. #1770
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    Quote Originally Posted by ASS7890 View Post
    Trend is most important thing for the beginner trades for making good capital but beginner trader must have good knowledge and trading skills.Therefore beginner trader should spend his good time for learning and do more practice for getting good trading experience.So many strategies are available in Forex and i think scalping is best strategy for the beginner traders.
    If he can daily work daily then you can easily find that everyday best simple strategy for trading toward success on this business. A lot of simple or high profitable strategy trader choose freedom in this business but without good planning and understanding trader does't develop it for trading and could make good profit.

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