Your SlideShare is downloading. ×
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Simplify your forex trading strategies
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Simplify your forex trading strategies

322

Published on

Forex trading is a very serious business which can earn you a lot of cash in a relatively short amount of time or drive you into insolvency. Now, there are a lot of self help books out there which …

Forex trading is a very serious business which can earn you a lot of cash in a relatively short amount of time or drive you into insolvency. Now, there are a lot of self help books out there which claims to have the newest, most effective or even secret technique to aid you in Forex trading strategy.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
322
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
6
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Simplify Your Forex Trading Strategies http://www.FishingForexPips.com By James TaylorCopyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 2. Forex trading is a very serious business whichcan earn you a lot of cash in a relatively shortamount of time or drive you into insolvency.Now, there are a lot of self help books outthere which claims to have the newest, mosteffective or even secret technique to aid you inForex trading strategy. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 3. While some of them may actually help, mostexperts will agree that when it comes to Forextrading, it is always best to start with thebasics. With that in mind this article willdiscuss Forex trading strategies in its simplestbut most effective forms. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 4. First, let us discuss Fundamental Analysis.Basically this means a consumer/trader has toput a value on a particular country vis a vistheir currency. This is a very tricky endeavorbut it is one that will definitely pay off in thelong run. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 5. Before even attempting to analyze a country’s potential or value a consumer/trader has to be very familiar with:1) Purchasing Managers (PMI) Index2) Non-Farm Payrolls3) Durable Goods4) Retail Sales Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 6. Other factors may be relevant to fundamentalanalysis on a case to case basis but in mostcases these four factors are relevant for mostvaluations. A very important tip is to alwaysread the papers, watch the news, and bepresent in trade conventions to getcommentaries, Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 7. quotes and alerts on inflation, interest rates,unrest and other relevant information thatmay affect a particular country. Remember,out of all these meetings never missinterviews and comments by individuals whooversee a country’s reserves like the FederalReserve Chairman of the United States andnever miss meetings Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 8. of the Federal Open Market Committee andHumphrey Hawkins Hearings. Second, isTechnical Analysis. Basically this is a shortterm approach to a country’s viability as aninvestment via their currency. This type ofstrategy analyses price trends thru the Forextrading market. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 9. When talking about technical analysis it is very important to be intimate with:1) Fibonacci studies2) Elliot waves3) Pivot points Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 10. Make no mistake all legitimate Forex tradersknow both Fundamental Analysis andTechnical Analysis but most of them choose tomaster only one approach. Now whichstrategy to choose is best left to experience.Trade and get to know Forex a little bit morethen you can select which Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 11. basic Forex trading strategy is best suited foryou. Just remember, it is only natural to makemistakes and reads the market wrong, justdon’t do it too often and never repeat thesame mistake twice. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  • 12. 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.

×