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Simple Forex Trading

  • #1
  • First Post: Mar 23, 2010 6:59am Mar 23, 2010 6:59am
Hi all, I've been trading forex successfully for just over 2 years and I'm getting sick of all the rubbish robots, and overpriced, poorly performing alert services out there. So I've decided to share with you the very simple technique that I use to trade forex. It's conservative, rewarding and simple. But most importantly its free :-D Have a read, and let me know what you think.

Download the PDF file attached.
Attached File(s)
File Type: pdf Simple Forex Trading.pdf   312 KB | 1,303 downloads
  • #2
  • Mar 23, 2010 10:17am Mar 23, 2010 10:17am
Thanks Alex good job
  • #3
  • Mar 23, 2010 11:07am Mar 23, 2010 11:07am
Alex,
This is excellent job.
So, what is your percentage of profit/loss
of the strategy.
  • #4
  • Mar 23, 2010 10:22pm Mar 23, 2010 10:22pm
Yes good one. But the problem is trend change which is the volatile nature of any financial market.

One day you could see a green candle, the very next day there could be a red candle.

This quick market mind change has caused best traders to lick their own wounds.
  • #5
  • Mar 28, 2010 7:46am Mar 28, 2010 7:46am
Basically, you are selling overbought conditions in a downtrend, and buying oversold conditions in an uptrend. The trend is always from a higher timeframe.
Fib retracements & S+R zones you pay attention to and act on.
Keep it simple.
It never gets easier, you just get better
  • #6
  • Mar 28, 2010 10:12am Mar 28, 2010 10:12am
hi Alex, and thank you for sharing your strategy

could you please provide us some more details, like, tp, sl, be, maybe your profit factor

thanks you in advance
  • #7
  • Mar 30, 2010 4:51am Mar 30, 2010 4:51am
Great document, thanks a lot for sharing!
  • #8
  • Mar 30, 2010 10:01pm Mar 30, 2010 10:01pm
Looks like this guy collected a lot of email addresses to spam with his phones advertising. I do not see any use of the strategy but the use of some forum people.
  • #9
  • Mar 31, 2010 1:58am Mar 31, 2010 1:58am
u dont need his indicators to do the method

the method isnt too bad and can help new people IMO
  • #10
  • Jan 6, 2021 10:38am Jan 6, 2021 10:38am
The strategy needs to be created through demo practice. Strategies are never made in a day. Strategies have to be made through hard work after a lot of patience. Many traders have not been able to make a profit by trading for a long time because they have not yet created a good strategy.
  • #11
  • Jan 7, 2021 12:46am Jan 7, 2021 12:46am
Forex trading is really simple if you have good knowledge and experience , besides this you have to make sure a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly
  • #12
  • Jan 7, 2021 3:04am Jan 7, 2021 3:04am
Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.
  • #13
  • Jan 7, 2021 3:07am Jan 7, 2021 3:07am
Quoting AlexImam
Forex trading is really simple if you have good knowledge and experience , besides this you have to make sure a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly
broker is really important but honestly speaking right now its really difficult to find best one . because most of them are found to be scams.
  • #14
  • Jan 7, 2021 4:44am Jan 7, 2021 4:44am
Quoting CoraLombard
The strategy needs to be created through demo practice. Strategies are never made in a day. Strategies have to be made through hard work after a lot of patience. Many traders have not been able to make a profit by trading for a long time because they have not yet created a good strategy.
Did you realize that you bumped a decade years old post/thread?
  • #15
  • Jan 15, 2021 6:51am Jan 15, 2021 6:51am
i like old
  • #16
  • Jan 15, 2021 10:46am Jan 15, 2021 10:46am
Demo account is best way to learn and practice no matter what market you are in. Every investment market has its own risk. So, invest with caution.
  • #17
  • Jan 16, 2021 7:58am Jan 16, 2021 7:58am
I agree. Starting with a live account is a really poor idea and leads to otherwise avoidable losses.
  • #18
  • Jan 16, 2021 9:54am Jan 16, 2021 9:54am
Quoting mlawson71
I agree. Starting with a live account is a really poor idea and leads to otherwise avoidable losses.
There is high possibility to blow the account if you start with live account. So, start with demo trading.
  • #19
  • Jan 16, 2021 10:30am Jan 16, 2021 10:30am
i would start with a demo account
  • #20
  • Jan 17, 2021 3:10am Jan 17, 2021 3:10am
Quoting loppo0101
i would start with a demo account
It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything.
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