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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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    Quote Originally Posted by ASS7890 View Post
    Before choosing any strategy for trading beginner trader first spend his value able time for learning and do more practice for getting good trading experience.Forex trading is not easy and simple trader has to do hard work for getting success.Various strategies are available in Forex and i think short term strategies are suitable for the beginner traders because by using the short term strategy trader can easily analyze the trend.
    Everyone know that it is not simple and easy trading business for every trader you have need to daily basic good learning and use demo account for trading practice after getting strong signal about market real direction well you can make everyday strong and profitable simple earning strategy for our trading business.

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    For newbies it is very important that they trade very simple and basic trading system,that way they can make profits while enjoying the market,when they have something complicated from the initial stage it causes discouragement and that is why many do not make it as traders on the long run.

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    For beginner in forex market any not daily basic simple strategy available for trading he can need to first good knowledge and experience about all trading method and concentrate on market movement and understand it very well way then you can good ideas which trading strategy is simple and powerful for him to everyday trading on forex market.

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    Quote Originally Posted by audic5 View Post
    Everyone know that it is not simple and easy trading business for every trader you have need to daily basic good learning and use demo account for trading practice after getting strong signal about market real direction well you can make everyday strong and profitable simple earning strategy for our trading business.
    if you want to be work with following simple methods than try to be understand the market first to choose the best strategy for trading by spending more time in the market and implement your learning in demo account to improve your mistakes and focus on the market different positions to follow with following the real market of the market with following the swing trading to be make best analysis.

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    Registered user Mata Elang's Avatar
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    Quote Originally Posted by Saad Ahmad View Post
    For beginner in forex market any not daily basic simple strategy available for trading he can need to first good knowledge and experience about all trading method and concentrate on market movement and understand it very well way then you can good ideas which trading strategy is simple and powerful for him to everyday trading on forex market.
    of course, but many things are very necessary for beginners, from understanding students to applying trading strategies that must be known, because if he does not know it, then the learning that has been received in a very long time is in vain.

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    You have need to concentrate on market movement with our suitable trading tool or method however when we can trade on it market it our strategy moving to right direction and helping us to earn everyday good profit on this business. Manual and swing long term trading strategy always more then effective and powerful for trader to daily basic trading.

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    Quote Originally Posted by Mata Elang View Post
    of course, but many things are very necessary for beginners, from understanding students to applying trading strategies that must be known, because if he does not know it, then the learning that has been received in a very long time is in vain.
    Yes there can be situations like some traders dont learn their strategies with due focus or concentration and hence dont build up the required understanding. 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. Newbies should make use of higher time frames and focus on set and forget strategies and strictly avoid strategies like scalping which easily makes the trader repulsive and emotional.

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  9. #1738
    Low Cost pajero's Avatar
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    Quote Originally Posted by Abhishekwala View Post
    Yes there can be situations like some traders dont learn their strategies with due focus or concentration and hence dont build up the required understanding. 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. Newbies should make use of higher time frames and focus on set and forget strategies and strictly avoid strategies like scalping which easily makes the trader repulsive and emotional.

    in my opinion a simple trading system for beginners is to study the area of ​​support and resistance and combine it with price action or pattren charts or candlestick patterns. just by exploring this, in my opinion it is enough and has been very simple and easy to learn, compared to learning a variety of indicators, which are very many in number

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    Quote Originally Posted by pajero View Post
    in my opinion a simple trading system for beginners is to study the area of ​​support and resistance and combine it with price action or pattren charts or candlestick patterns. just by exploring this, in my opinion it is enough and has been very simple and easy to learn, compared to learning a variety of indicators, which are very many in number
    first build strong trading system are necessary for beginner then you can make everyday simple and more then effective strategy for our trading business. You have need to use always patience trading method to identify the market then you can understand market bad or good situation well to start our trade always with simple earning trading way.

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    Simple trading system is the way forward for every novice forex trader because it give them better understanding of the way through which they can master the forex market over time and it is better to start using simple trading method to ensure that we will start earning and developing better trading skills which shall give us edge and confidence to start trading with good understanding of the forex market. We have to really invest enough time into learning how to trade through gaining adequate knowledge and experience which is what matters because the good trading skills makes trading become simple.

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