There is an additional rule for trading when the market state is more favourable to the system. This rule is designed to filter out breakouts that go against the long-term trend. In short, you look at the 25-day moving average (MA) and the 300-day moving average. The direction of the shorter moving average determines the direction that is permitted. This rule states that you can only go:
Simple 1-2-3 (or S123) is a 3-step, rule-based Forex trading strategy created by Lennox Chambers and Peter Bain. S123 helps Forex traders to locate, enter and exit trades across all timeframes. This unique trading system offers guidance to traders to not only know where to enter trades, but where to exit trades. Click here to see some recent real trades.
Forex Mentor is an outrageous fraud. The company was founded by a former futures broker with a very shady past of selling get rich quick, Forex trading educational programs. After 5 separate CFTC reparations cases alleging financial fraud, and 3 NFA violations and fines totaling nearly $300,000, he finally left the futures brokerage business in 2013.
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This strategy is employed by forex traders as a long-term plan to make the trades profitable. The indicator mainly uses the ‘Pullback’ and the ‘Trend’, both of which are fundamental in nature. In order to have a complete understanding as to how this strategy works, traders must be familiar with the more fundamental concept called ‘the trend’. It is very difficult to explain each individual price change and determine a pattern as there will be many of them. Traders need to look at the bigger picture in order to see trends. The three key Fibonacci numbers that traders should always remember are 0.382, 0.5, and 0.618. They should also keep in mind 0.764 and 0.236.
However, it's important to note that tight reins are needed on the risk management side. These Forex trade strategies rely on support and resistance levels holding. But there is also a risk of large downsides when these levels break down. Constant monitoring of the market is a good idea. The market state that best suits this type of strategy is stable and volatile. This sort of market environment offers healthy price swings that are constrained within a range. It's important to note that the market can switch states.
Forex trading strategies can be either manual or automated methods for generating trading signals. Manual systems involve a trader sitting in front of a computer screen, looking for trading signals and interpreting whether to buy or sell. Automated systems involve a trader developing an algorithm that finds trading signals and executes trades on its own. The latter systems take human emotion out of the equation and may improve performance.

I have to say after going over all your ebooks multiple times it's all started to click into place. Finally...thank god.I've been taking 2hr - 1hr zones and hitting 80 -150 GBP per day on my swing trades.The hardest thing for me was defining trend.I use the 2hr TF to decipher that now and use it to execute on.Just wanted to say thank you for creating those books. Alan, trader
If you can't keep your emotions in check when trading, you will lose money. Lots of it. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully, you can develop the mental edge you need to become the best trader you can be.
Forward testing is performed either on a demo account or on a very small (micro) live account. During such tests, you trade normally with your strategy as if you were trading your live account. As with backtesting, forward testing can also be automated. In this case, you would need to create a trading robot or expert advisor to execute your system. Of course, with discretionary strategy, you are limited solely to manual testing. Forward testing results are considered to be more useful and representative than those of the backtests.
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The forex market is a very volatile market. When the market is volatile, traders get lessons on how to hedge, develop and acquire broad/diverse portfolios, and act on low leverage to exploit the prevailing market condition. There are two different types of volatility. They are historical and implied volatility. The former refers to the normal price action with respect to a period of time (say, a month or year). Abnormal current and future price action is referred to as implied volatility. It often exceeds the historical range when compared with the historical price action.
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A Forex trading mentor should preferably be a full-time trader with extensive market experience, someone who trades their own money or manages other people's money and follows the market on a regular basis. If you wish for a good and reliable Forex Trading Platform, I would recommend you to select the HotForex as your Broker. HotForex offers various account types, trading software and tools to facilitate individuals and institutional customers to trade Forex and CFD's online, which includes the Cryptocurrency and Forex as well. Also If you want to have a good Forex Trading Experience, you s...

The team of mentors at Forexmentor has helped over 27,000 traders just like you to learn to trade the Forex successfully and consistently. Whether you are a complete newcomer to Forex trading or someone looking to improve your trading results, our straight forward, self-paced Forex trading courses have empowered thousands of individuals to build a consistent income stream from trading the Forex market.
Mentorship isn’t just a one-way street. You, as the student, stand to gain knowledge and wisdom under a mentor. But what’s in it for him if he decides to put in the time and effort to teach you? For many, it’s the joy of seeing a student grow, and I think many share DoubleEcho’s sentiment that a good mentor would only invest their limited time and resources into a noob who shows the potential for success and that they would work very hard for it.
If you can't keep your emotions in check when trading, you will lose money. Lots of it. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully, you can develop the mental edge you need to become the best trader you can be.
Some of the other best forex trading strategies are based on the technical analysis. This method is particularly important in day trading. Technical analysis is useful to traders in that it gives them an indication of times when they can enter or exit the market. It also helps the trader to make the most out of the existing market status. Given below are brief explanations of some of the technical analysis based trading strategies.
This forex trading strategy takes advantage of the momentum of the market that is currently prevalent. Any market sentiment is a sum total of all the traders’ prevalent sentiments. This ultimately results in the forex market moving in a specific direction. Market sentiment is a very important aspect and traders should learn to read or feel the same in order to successfully trade currencies. Sometimes it is easy to understand the sentiment, but some other it may not be very obvious.
On November 1, 2017, Darko Ali joined Vic Noble as a trading coach and mentor. Darko was a losing trader for many years until he made a fundamental shift in his attitude toward trading. That was in April 2016, and he has been profitable ever since. Darko’s simplistic yet highly effective teaching approach has attracted rave reviews from our CC members, but of particular note are the Pre-Market Analysis (PMA) videos that he provides, in advance, for the CC members every single day – all included in the CC subscription price. This service alone is a resource that is second to none on the internet. But don’t take our word for it. See the testimonials below (and we have many, many more).
Backtesting is a kind of a strategy test performed on the past data. It can be either automated or manual. For automated backtesting, a special software should be coded. Automated testing is more precise but requires a fully mechanical trading system to test. Manual testing is slow and can be rather inaccurate, but requires no extra programming and can be done without any special preparation process. Any backtesting results should be taken with a grain of salt as the tested strategy might have been created to fit particular backetsting historical data.
The best forex traders swear by daily charts over more short-term strategies. Compared to the forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with daily charts. Such charts can give you over 100 pips a day due to their longer timeframe, which has the potential to result in some of the best forex trades.

I have been totally blown away by all of the information you have been providing us! I have been getting my trading education over the past 11 months and it always seems that people will only give you part of the information and always leave out the most important parts. And I am talking about information that I am paying for! You my friend give us the full meal deal and we are so grateful for that. You Rock!!


Highest profits are realized only when the best forex trading strategies are employed by the forex traders. There are many time tested forex strategies that can be used by serious traders. Whereas some of them are based on the effect of the current political and economic scenarios of a country, some others rely on charts and numbers that are based on past performances of the forex market. All the strategies that are explained briefly in this article have different levels of complexity. It is also important to note that whatever may be the strategy that the forex trader wants to apply, the best effects occur only when the trader has sufficient knowledge and experience in the field. This article aims to familiarize the readers with a few well-known forex trading strategies.
You can read more about technical indicators by checking out our education section or through the trading platforms we offer. The best forex trading strategies for beginners are the simple, well-established strategies that have worked for a huge list of successful forex traders already. Through trial and error you should be able to learn Forex trading strategies that best suit your own style. Go ahead and try out your strategies risk-free with our demo trading account.
The ‘Elliot Wave Theory’, named after Ralph Elliot, is one of the oldest forex strategies. He analyzed the stock price data for around 70 years and found out that human psychology (emotions, fear and greed) drove the market and that it moved iteratively. This is to say that the market switches between optimistic and pessimistic modes. In this strategy, the motive phase unfurls in 5 steps.
The MA lines will be a support zone during uptrends, and there will be resistance zones during downtrends. It is inside and around this zone that the best positions for the trend trading strategy can be found. Learn to trade step-by-step with our brand new educational course, Forex 101, featuring key insights from professional industry experts. Click the banner below to register for FREE!

Divergence is a tool that helps the traders to learn the price behavior of the currency. This analysis generates patterns that will help to predict the direction of movement of the currency rates. Divergence, a leading indicator, helps traders to significantly increase their profits. This is because the likelihood of trading in the right direction and at the right time increases if this indicator is used along with others such as Moving Averages, Stochastics, RSI, Support and Resistance levels, etc.
When you train with Forex Mentor Pro you get hands-on insight into how to become a successful trader from forex mentor pro’s with over 50 years combined trading experience!. You get thorough, yet simple strategies that work and will equip you to trade like the professionals. It couldn’t be any simpler. The only question that remains to be asked is “Do you want this enough?”
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