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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. #1961
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    Every trading system is good for us only if we have practice and learning properly about the market so we have to make our plan very well , learning well enough and make successful trade plan , if we do everything in right direction we easily will get good results from trade , we have to focused on market and find own best strategy and followed with good decision making .

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  3. #1962
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    With the help of good time to spend on the demo market every trader can able to get more learning from it and also with experience and with the power of good managing skills it can be possible for us to make our success possible from the start so with the power of good learning and experience a trader will able to gain more success.

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  4. #1963
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    the new traders must follow the simple methods after doing the practices on the demo market with them so there are most chances they attain for forming success if they having the skills of learning completely and having the experience and enough knowledge help them to get the better way for getting success.

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  5. #1964
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    Strategies should be simple with clear rules that we can follow but simple strategies are only for experienced traders. New traders are lack of experience and knowledge and simple things can be very hard to understand for new traders. The must learn a lot of things before they will start to understand the market and how market works.

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  6. #1965
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    Its best for new trader that he must use simple trade strategy do not use complex way of trade and do not follow lot of indicator because if we are working about them it will give trader good chances of wining , we just have to follow the simple technique in trade which will give us opportunity to trade safely and have good plan for trade .

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  7. #1966
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    for beginners I think demo is proper place where we can place right orders and can earn experience from it, but if we do not use demo then we can lose, beginners mostly can perform well if we have skills, if we do not have skills then losing will be easy for us

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  8. #1967
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    Everyone that is newbies needs a good strategy to trade you market, the simpler we make our strategy, the better it would be for us at the end of the day, a strategy that has so many rules will definitely fail at some point because the forex trader is not following the basic method of making money from the market, if we keep things simple enough, success won't be a challenge.

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  9. #1968
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    Quote Originally Posted by simisola View Post
    Everyone that is newbies needs a good strategy to trade you market, the simpler we make our strategy, the better it would be for us at the end of the day, a strategy that has so many rules will definitely fail at some point because the forex trader is not following the basic method of making money from the market, if we keep things simple enough, success won't be a challenge.
    Yes its not that complex strategies gives better results, so newbies should look for strategies that are simple to implement and also effective. This strategy given here looks simple but its efficacy is doubtful and even the thread creator has warned us not to keep high hopes on this strategy. Strategy might look complex in beginning but when we learn it, learn the effective way of implementing it, then things might not be so complex.

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  10. #1969
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    You are share a trading strategy that is based on the previous day high and low price levels breakout and this is a good strategy for earn profit and use a trading strategy with patience traders can get easy success on forex market. We must make strong trading plans a and use high accuracy trading methods we will make every day big pips earning easily.

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  11. #1970
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    Forex success is never be easy because forex is very risky business in which traders must need work hard if they want to beat this market. I cannot understand that which trading strategy you are share on this thread because you are not explain about the strategy you are only share the take profit and stop loss points. For news comers this type of incomplete strategies are never work well.

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