Profitable Forex Strategy Video
When it comes to forex trading there is a wealth of information online on how to make money trading currencies. However, not many of the proclaimed strategies actually work in real life. Below I have collated three forex trading strategies that professional forex traders use to generate profit.
Trading Just After Strong Market Moving Data Announcements A great way to profit in the currency markets is to trade when there are better than expected or worse than expected economic data announcements. For example, if U.S. Unemployment numbers come in much higher than expected, the Fed will less likely raise interest rates any time soon. This in turn will weaken the U.S.
Dollar against the euro, for example. And this move will be quite sharply immediately after the announcement. So, if you jump onto that ‘mini trend’ quickly and sell the U.S. Dollar against the euro, then you can make relatively easy money trading. Keep your stop-losses in place, but not too tight, as there is always inevitable volatility after economic date announcements. The drawback of this strategy is that you can only execute it on days of economic data announcements and there needs to be a surprise in the figures.
Profitable Forex Trading Strategy That Works (TEMA) The triple exponential moving average (TEMA) forex strategy is a built price smoothening strategy. It’s a profitable trading strategy that really works if you abide by the simple rules to buy and to sell currency pairs. 
Most Profitable Forex Strategy
However, on a day where that does happen, it can be very profitable. So, keep this strategy in mind. Using Big Round Numbers To Set Stops And Target Prices When you are logged into your online forex trading platform make sure you set up alerts for the major currency pairs when their prices move close to so-called ‘big round numbers’.
It focuses on the reports of commodities or industries that contribute the most towards GDP. • Consumer Confidence: Consumers are not going to spend until and unless they have a secured job with wages and if they have to struggle for their job then this deteriorates the economy. Economic calendar forex trader.
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PROFITABLE FOREX INDICATOR SIGNALS. Simple, easy-to-follow video and pdf guides demonstrating step by step how to properly set up the indicator and load the template. We guarantee you that KOREX’s Indicator & Strategy will take your trading to a level it has never been before. A simple yet profitable strategy and a plan is the ultimate key to consistent long-term profitability because it allows traders to capitalize on their edge without emotions day in and day out. Today’s post is presenting to you a profitable and solid trading swing strategy on the 4-hour chart.
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Big round numbers refer to figures such as 1.50 in the GBPUSD or 1.00 in the EURUSD, for example, and are known to be physiological trading levels that can therefore be used to set target prices or stop-loss levels. In fact, academic studies have shown that big round numbers have an effect in major currency pairs, so they can actually be used as a stand-alone trading tool. Using A Combination Of Technical Indicators When it comes to forex trading using chart analysis tools, such as technical indicators, it is absolutely vital not to solely stick to one indicator to make your trading decisions. Trading currency pairs using only one technical indicator will not make you any profit. Various academic studies have proven that.