Forex Trading Strategies | That Works

Research shows over 90% to 95% forex trader loose there hard earned money while trading but also there are people who lies in 5% to 10% who are making good profit in long run. People really don't want to know what works for them while trading forex  but instead they keep on searching for forex robots, others trading plan and so on.

Forex Trading Strategies | That Works

Most of the people found in facebook or in internet related to trading are likely to be fraud they are just intrested in giving you some not working product and take your cash. so never trust anyone than self cause profit is yours and loss is also yours.

Today i am giving you this simple forex trading strategies to trade forex  which has a very much high probability to make you grow your profit. I suggest you to try this strategy for minimum 1 week with your demo account so that you can understand how usefull and life changing this strategies is for you.

I will describe everything step by step in so simple way that you can understand it properly so please read carefully.

Step 1:- Don't trade when market is in either Support or Resistance because at that time when it is in support or resistance we can see candels that doesn't have any specific trends due to which probability of hitting our stoploss increases no matter we buy or sell both position will have exactly same amount of risk. You can use Stochastic Oscillator or RSI to know the overbought or oversold reason to be confident on support and resistance

Step 2:- Use Daily candel stick chart and go with the trend in this simple way, each day if the market is uptrending and yesterdays candel was closed in green than you should buy (LONG) and use Risk to Reward of minimum 1:2 no matter weather it hits your stoploss or take profit that is the trade for your day in particular currency pair. Remember in uptrending market if yesterdays candel was closed in RED than you need to sell (SHORT).

But if the market is down trending than you should do the same as above (in case of  buy you need to sell and vice versa) with 1:2 Risk to Reward.

Inorder to identify the trend you can use various indicators of your choice or you have experience on.

Step 3:- This simple strategy has high probability to give result positive in your forex trading but this doesn't mean you can over trade and become like a gambler and loss your money. Always use Risk to Reward of minimum 1:2 daily. Stoploss and Take Profit should is always needed in this strategy.

Lastly i would like to say you to be calm and try it cause ignoring this strategy may decrease the chance of you success in trading forex.

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