By Kevin Osh
If you are new to the foreign currency market then you wound up in the right place first. With all the junk being sold on the internet these days I don't think anybody even remembers how to trade in the first place. Do you think there was fancy robots and a new indicator everyday 20 years ago? Definitely not, and those guys still made a living off the market.
So what has changed? Nothing, those guys still are making money and the other 95% of traders are buying internet products off people that mostly don't even trade themselves. They are internet marketers, selling there products to make money so they don't need to trade the currency markets.
Listen up because the best part of trading for me is simplicity. Nothing complicated just straight up back to basics trading. No fancy indicators or bells and whistles that pop up when I should take a trade. Simplicity is the key to making money in this market. KISS Keep It Simple Stupid. Works for me, so it should work for you.
Price action signals seem to be the only way for me to make money in the foreign exchange market. Price action candlestick patterns along with pivot points and support and resistance lines. It might sound a little bit complicated but let me assure you, once you know some basic things you pretty much know everything.
If a bullish candlestick formation happens near a support line then we would buy. If a bearish candlestick pattern forms near a resistance area then we would sell. That's pretty much it, my system has a great risk to reward ratio and normally runs a good win rate.
I have a blog with all the candlestick patterns I trade and a better description of my trading strategy. If you want to be serious about forex you should check it out. I keep track of every trade I take there so you can even watch my strategy in action.
I hope you enjoyed my free forex tips on how easy it can be to make money in the foreign currency market. Happy Trading Everyone.
So what has changed? Nothing, those guys still are making money and the other 95% of traders are buying internet products off people that mostly don't even trade themselves. They are internet marketers, selling there products to make money so they don't need to trade the currency markets.
Listen up because the best part of trading for me is simplicity. Nothing complicated just straight up back to basics trading. No fancy indicators or bells and whistles that pop up when I should take a trade. Simplicity is the key to making money in this market. KISS Keep It Simple Stupid. Works for me, so it should work for you.
Price action signals seem to be the only way for me to make money in the foreign exchange market. Price action candlestick patterns along with pivot points and support and resistance lines. It might sound a little bit complicated but let me assure you, once you know some basic things you pretty much know everything.
If a bullish candlestick formation happens near a support line then we would buy. If a bearish candlestick pattern forms near a resistance area then we would sell. That's pretty much it, my system has a great risk to reward ratio and normally runs a good win rate.
I have a blog with all the candlestick patterns I trade and a better description of my trading strategy. If you want to be serious about forex you should check it out. I keep track of every trade I take there so you can even watch my strategy in action.
I hope you enjoyed my free forex tips on how easy it can be to make money in the foreign currency market. Happy Trading Everyone.
I have only been trading the forex market for 2 years now. I have learned a lot in this time though. If you like my article why not check out my blog? http://myforextradingstrategy.wordpress.com/ My blog has lots of great strategies and I keep track of all my trades there!
Article Source: http://EzineArticles.com/?expert=Kevin_Osh 
0 comments:
Post a Comment