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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. #1941
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    Quote Originally Posted by learner View Post
    I agree with you all newbie will face troubles in start , but as time passed and we have learning about the market we are able to make our plan more good , it is for trader to make up his mind to build our trade strategies very good which will give trader option of safely wining in this market .
    Yes, all new traders face many troubles when they start this business because they have little experience and knowledge and everything is not clear and new. Only later trader will understand how to work in forex market and why market moves. But time should pass till trader becomes experienced and everything becomes clear.

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  3. #1942
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    Quote Originally Posted by mudassor View Post
    We need to guide a new trader to pay serious attentions onward the demo market because if they learn completely and having the skills of management also perfectly all important way for us to take the benefits easily so we should have to make the better experience and lot of knowledge required to them for get the benefits in this market .
    Yes demo accounts are very helpful for the beginner traders for the purpose of knowledge and testing a strategy.Therefore beginner trader should spend his good time for learning because without learning getting survive in Forex is not possible.There are various strategies in Forex and every trader ha freedom to choose any strategy.Trend line is best strategy for the beginner traders.

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  4. #1943
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    Any trader can make use of any trading methods, moreover the beginners has a lot of learning to be done before they can get the success that they have always wanted. The beginner has to be the sort of trader who does trades with the good approach. As a beginner, you don't have to be in a hurry with the market, take the necessary needed learning and be really a patient trader.

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  5. #1944
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    Quote Originally Posted by Krosneles View Post
    Yes, all new traders face many troubles when they start this business because they have little experience and knowledge and everything is not clear and new. Only later trader will understand how to work in forex market and why market moves. But time should pass till trader becomes experienced and everything becomes clear.
    that is why here comes the strategy in this thread which provide them with simple rules to understand. although some traders may take simple things in different way, i think it is pretty fair to call that beginner traders is not our responsibility to worry because we are trading with our money and focus on what we do first. strategies are everywhere to be found, no other reasons for them to say that they can not find a suitable strategy.

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  6. #1945
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    Forex earning is not easily possible for traders because we must make strong trading plans in trading and new comers are not easily identify the market trend and they cannot trade with proper way. They are need to focus on their learning and practice because these two things are help them to earn money. To use a simple trading strategy they will not be able to make money on forex trading.

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  7. #1946
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    New comers are need to depend on their learning because their learning is the best choice for traders. New comers are not know well about this business and they are not understand well this market that is reason they must use simple ways of trading and use a trading strategy after patience and proper learning their success is become easy for them.

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  8. #1947
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    We must know the market trend well and use the simple trading methods new comers are understand well this business. only simple trading methods like the moving average is help us to understand the market trend well and make traders success well. Only simple trading methods are help us to gain daily basis good money and we will earn money every day on forex market.

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  9. #1948
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    One of the best strategy for beginners only should be H4 trading system couple with trend rules. H4 is perfect because there are no complications and confusion in determining the trend unlike in the lower time frame which requires more experience to do so which I clearly obvious young traders lack.But with H4 trend is quite easy just entry trade base on supply and demand zone.

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  10. #1949
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    It will not be easy for a newbie to trade this market easily in the first and second time of trading in the real account, before a newbie can see any strategy easy to trade with he/she must have already taken some time to learn and understand how to use the strategy properly only then they can trade the market easily on the real account.

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  11. #1950
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    In fact, there are so many trading strategies and I think every strategy is good and profitable it all depends on the trader knowledge and skills and I think long term strategies are suitable for beginner traders. Keep in mind that when one is newbie he is having little knowledge or even no knowledge of Forex, and hence he should be concentrating more on learning and practice.

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