50 Pips A Day Forex Strategy by Laurentiu Damir

By Laurentiu Damir

50 Pips an afternoon foreign money Strategy

  • Start making constant gains within the foreign money market

Components

  • Support and Resistance
  • Candlesticks
  • Moving Average
  • Timeframe - four hours chart

Summary

  • This is a really transparent and straightforward to stick with foreign currency trading technique to get you begun attaining constant earnings every day buying and selling the currency industry. it'll make you 50 pips according to day or extra on a daily basis. it truly is excellent for amateur investors however it will supply loads of support to more matured investors that experience now not discovered a transparent technique to make gains consistenly
  • It is straightforward to appreciate and to install practice.
  • It has rather well outlined access, cease loss and go out degrees.

How to construct an excellent buying and selling System

Apart from the method, this publication additionally features a very worthy advisor that teaches you ways to build a ecocnomic foreign currency trading method for your self and the way to prevent buying and selling and cash administration mistakes

Are you new to foreign currency trading or simply began to exchange on a stay account yet with no longer a lot good fortune ?

  • You desire a reliable foreign currency trading method in keeping with sound ideas of the currency marketplace, that has transparent buying and selling and cash administration rules

Do you've a foreign currency trading procedure and you've got been buying and selling with it for a time period yet nonetheless you do not have the good fortune you was hoping for ?

  • This can in simple terms suggest that your buying and selling process doesn't take into consideration the elemental buying and selling ideas and ideas that any robust foreign currency trading method incorporates

This publication teaches you ways to build your personal strong foreign currency trading approach, what are crucial foreign currency trading instruments it's worthwhile to contain in it, what to not comprise on your foreign currency trading procedure, easy methods to observe stable funds administration ideas and equaly very important, the way to steer clear of making buying and selling error that might expense you should you begin to exchange together with your newly built foreign money approach. for those who require additional information be happy to touch me at damirlaurentiu@yahoo.com

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Extra resources for 50 Pips A Day Forex Strategy

Example text

Build your trading system and trade on the 4h/daily charts until you start to add to your account consistently. Components With the above in mind, the next thing you should decide is what you will include in your trading system from the technical point of view to help you win as many trades as possible. Decide what will be the core technical parts of your trading system. From my experience, I can tell you which are the tools that work best in forex trading, that have a great rate of success and they repeat over and over again with excellent results.

For example, in the chart above, after the first horizontal level, there is a minor swing that price has made there. You can see that I have not considered it as I think that this swing is smaller than the preceding ones on this pair and it does not hold great significance to the overall context of this pair. In addition to this, after the last horizontal level that I’ve marked on the above chart there at the top, you can see that price goes down for a while, only to come back up again and resume the uptrend.

Fibonacci retracement levels If you use Fibonacci levels in your trading system then always wait for the price to touch the level you are watching before you consider entering a trade. Do not trade if the price comes close to your Fibonacci retracement level but does not touch it. Let me show you what I mean: In the first attempt price comes close to the Fibonacci level but does not touch it. It even makes a reversal candlestick pattern there suggesting that price will resume the trend down but soon after price climbs back to the level this time touching and piercing it.

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