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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. #1811
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    If the beginners are lacking in good trading skills and knowledge, I think that will make them not be able to have the right trading method, the beginners should first of all work on their discipline and then work on them being able to have the good trading general strategy, those is what which will make one have the right method in trading. Beginners often loss their money because they don't have the good trading ideas, they are more in a rush to make fast money.

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  3. #1812
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    in my opinion for all techniques that are suitable for newbies, it would be nice as a newbie as we learn a lot using that technique, until we ourselves find the compatibility of our respective trading styles, and what needs to be considered is to guard MM, and understand every market movement to minimize the occurrence repeat error

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  4. #1813
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    There are some principles a trading strategy should have, these are trend rules buying when the trend is up ad and selling when its down,stop loss few pips below or above the supply or demand zone and one more thing Take profit should be two to three times stop loss with this you can easily cover up for for any losses that may come.

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  5. #1814
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    So many simple and easy strategies are available in Forex but before choosing any strategy beginner trader should spend his good time for learning then he would be able to realize that which strategy will work for him.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.Scalping is one the best strategy which is suitable for the beginner traders.

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  6. #1815
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    Quote Originally Posted by AbdulIslam View Post
    So many simple and easy strategies are available in Forex but before choosing any strategy beginner trader should spend his good time for learning then he would be able to realize that which strategy will work for him.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.Scalping is one the best strategy which is suitable for the beginner traders.
    When newbie join forex business then he could not take any experience about this business. but if he can before study about this strategy then in join time he always take good experience and knowledge about the market and easily make and understand any type of trading strategy for trading and always in daily basic get get successfully trade and make good profit.

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  7. #1816
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    Quote Originally Posted by letsdo View Post
    When newbie join forex business then he could not take any experience about this business. but if he can before study about this strategy then in join time he always take good experience and knowledge about the market and easily make and understand any type of trading strategy for trading and always in daily basic get get successfully trade and make good profit.
    Yes if newbies trade with real money without learning a good strategy on demo, their first experiences can be very painful. There are many strategies to look at but when you actually test them only few will turn out to give good signals. Further when you keep using a strategy for certain time then you gain the experience and it can become simple for you to use that strategy.

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  8. #1817
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    We must have idea before deposit on personal money in this market and demo consider one best way for us to make our ideas better , if we do not learn properly in market it will not give the chances of wining if a trader is learning properly so it will give trader good option of wining and our trade system should became more successful .

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  9. #1818
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    A strategy is simple when it dont use many indicators and further to use the strategy effectively we have to think clearly and calmly. The right mindset is kind of when we are trading without emotions and do hard work so that we can earn from Forex. First thing is a beginner should learn a strategy and the next thing is he should not expect big profits every day.

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  10. #1819
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    I have come to realize that a strategy becomes simple when we understand it and know how to apply them for effective trading in forex. Beginners can start with demo trading and create a system which they can follow to make good profits in the real trading. Beginners must keep on learning and try to see that they can deal with loss in the best significant means. Learning can be helpful here and we should always get ready to learn and know how we can establish properly.

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  11. #1820
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    It is developed on the basis of trader learning as far as our experience about trading is increase we should make a perfect plan , every trade strategy became simple if we have used best ideas and develop our plan with good managerial skill collectively these will help to build a simple and very effective trade plan .

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