Forex pips strategy
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Finding an effective forex pips strategy to use that is easy to learn and implement may prove to be a struggle for some people simply because of the huge number of complicated but ineffective systems and methods for currency trading that you can find online.

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Forex pips strategy Presentation Transcript

  • 1. Forex Pips Strategy By James Taylor http://www.FishingForexPips.comCopyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 2. Finding an effective forex pips strategy to usethat is easy to learn and implement may proveto be a struggle for some people simplybecause of the huge number of complicatedbut ineffective systems and methods forcurrency trading that you can find online. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 3. In reality, forex trading does not have to becostly or difficult in order to be successful.Some are rather simple and easy toimplement such as using the support andresistance levels in a particular market to getinto trades with high success probabilities. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 4. It is common knowledge that trendingmarkets offer great opportunities to secureprofitable trading positions Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 5. The reason for this is that there are underlyingfactors, both fundamental and technical, thatmake it possible for a particular currency pairto ride a favorable trend. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 6. All the trader has to do is to be able get into astrong trend. This can only be done byunderstanding the fundamentals of markettrends and where to come in. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 7. Once you get a good grasp of these concepts,you practically have the foundation for asound forex pips strategy which is basicallybeing able to identify and trade with powerfultrend directions. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 8. When trending, a foreign exchange currencyunavoidably flows and ebbs. In a powerfulupward movement, for example, a market willusually make a remarkable upward push thenstays put for a while before either continuingto move up or rotating downwards. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 9. In some cases, the market will power its waythrough the trend direction but will quicklyrevert back to the latest resistance or supportlevel without stalling out at all. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 10. In forex trading, the trend is a friend, andthere are certain rules that you must observein order to master this trading strategy. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 11. For one, you must be able to determine theexistence of a trend where a series of “higherlows and higher highs” indicate an uptrend,and a series of “lower lows and lower highs”show a downtrend. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 12. If you encounter a market that exhibits thesame features, plot the appropriate resistanceand support levels on a chart. Use horizontallines drawn across the chart, mark points thatare obviously high or low where the priceshifted. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 13. Keep in mind that the old resistance, whenbroken, becomes the new support, while theold support becomes the new resistance onceit is broken. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 14. One good thing about employing trendtrading as a forex trading strategy is that it canbe used for any time frame. This means thatyou need not trade off and monitor 30-minutecharts all day because you can opt for chartswith higher time frames. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 15. You have the flexibility to take a look at themarket for only a few minutes daily or evenjust for several times in one week. The bestcurrency trading strategy involves the use ofpullbacks in trending markets to secure aposition in the trend direction. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 16. There is absolutely no need for complicatedforex strategies when there obviously aresimpler but nevertheless effective tradingsystems such as the forex pips strategy. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 17. FREE Forex Strategy To Make Hundreds Of Pips! Free Gift: Fishing Forex Pipss Indicator System [ Worth $197 ]http://www.FishingForexPips.com/Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.