Forex trading systems for beginners

485 views

Published on

Forex trading, simply put, is the act of dealing, exchanging, buying and selling currency in order to increase the value of a selected currency for profit. This article will briefly discuss a simple Forex trading system known as the 4 weeks rule by which an individual can take advantage of several Forex trading techniques, methods and strategies in order to maximize gain and minimize loss in the long-term and then move on to explain how best to go about Forex trading.

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

  • Be the first to like this

No Downloads
Views
Total views
485
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Forex trading systems for beginners

  1. 1. Forex Trading Systems for Beginners http://www.FishingForexPips.com By James TaylorCopyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  2. 2. Forex trading, simply put, is the act of dealing,exchanging, buying and selling currency inorder to increase the value of a selectedcurrency for profit. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  3. 3. This article will briefly discuss a simple Forextrading system known as the 4 weeks rule bywhich an individual can take advantage ofseveral Forex trading techniques, methodsand strategies in order to maximize gain andminimize loss in the long-term and then moveon to explain how best to go about Forextrading. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  4. 4. Before we start it must first be stressed thatone Forex trading system will not work foreveryone. In most cases one system is crossreferenced with another in order to increasethe probability of success and minimizeunnecessary loss from false trends or ill-timedentry and exit; Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  5. 5. not to mention the fact that one system willwork better for others because he or she is abetter fit for that system. First, currency that peaks into a 4 weeks highshould selected then the trader enters thatparticular market, holds the position until itdips into a 4 weeks low, at which time thetrader liquidate the long and goes short. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  6. 6. Keep doing the same as new four weeks highsand 4 weeks lows are hit, making sure to keepan open position in order to be in the perfectposition to catch a trend when it breaks out.Why does this work? It works because it takesadvantage of 2 simple Forex trading truths. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  7. 7. First a simple trading method is tougher tobreak and every currency in the marketcontinuously trend in the long-term but thebest type of trend for profit are those that atrader rides from the start-up to the finish. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  8. 8. Does this sound logical to you? Well if it doesthen read on, if not then read again and againuntil the logic sinks in. Remember, even thesimplest Forex trading system should be readat least thrice in order for the concept toproperly sink in. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  9. 9. Now let us say the consumer does not believethe long-term profit is worth the drawbackperiod? Then go back to the basics and usefilters and carefully read signals to cross-reference the best time to enter and/or exit aparticular market. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  10. 10. For example, Mr. A instead on relying solelyon the 4 weeks rule will augment the samewith the Relative Strength Index (RSI) to makesure that prior to entry the trend is actuallystrong and true. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  11. 11. Using the Exponential Moving Average (EMA)may also be possible to determine the averageclosing price of a currency within a specifiedperiod of time for a proper exit strategy. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  12. 12. What all these means is that beginners inForex trading should concentrate on the basicsand then slowly expand their knowledge basewith training and experience to be able to puttogether their own simple Forex tradingsystem. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  13. 13. 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.

×