Day trading - These are trades that are exited before the end of the day, as the name suggests. This removes the chance of being adversely affected by large moves overnight. Day trading strategies are usually the perfect forex trading strategies for beginners. Trades may last only a few hours, and price bars on charts might typically be set to one or two minutes. The 50-pips a day forex strategy is a good example of a day trading strategy.
Shirley promptly picked up the telephone, as she must have thought that I might have wanted to hire her as a realtor. I told her that I was confused, why is she selling real estate and hustling to make a buck when her trading track record reveals that she is one the most profitable traders on planet earth? Our conversation quickly went downhill. She then refused to speak with me further and requested that I contact Vic Noble about the supposed returns on investment.

Yes, true, the measured move is a well-known pattern (also called an ABCD pattern). But there are several keys to using that pattern. 1. Where do you get in? Easy to spot after the move has well begun and you certainly don’t want to get in as its completing. 2. How do you know it’s a certified measured move? 3. What confirms the move or the entry itself? 4. What if it only goes 50% of the way and then fails? Is that good enough to take some profit (assuming you got in early enough to have any profit)? What… Read more »
Sometimes a market breaks out of a range, moving below the support or above the resistance to start a trend. How does this happen? When support breaks down and a market moves to new lows, buyers begin to hold off. This is because buyers are constantly noticing cheaper prices being established and want to wait for a bottom to be reached. At the same time, there will be traders who are selling in panic or simply being forced out of their positions.

Strategies that retain some uncertainty and cannot be easily formalized into mathematical rules are called discretionary. Such strategies can be backtested only manually. They are also prone to emotional errors and various psychological biases. On the bright side, discretionary trading is very flexible and allows experienced traders to avoid losses in difficult market situation, while offering an opportunity to extend profit when traders deem it feasible. Newbie currency traders should probably stay away from discretionary trading, or at least try to minimize the extent of their discretion in trading.
Any nation’s central bank, adjusts the rates of interest from time to time in order to contain or curb the inflationary trends. This, in turn, has a definitive effect on the currency market and traders assume trading positions accordingly. The central bank of a country does not act as it is a solid body. The interest rate is increased or decreased based on the vote cast by the members of the monetary policy committee. The number of members monetary committee varies from one bank to another. If the interest rate is cut, there will be more money in circulation. This makes it cheaper. If the interest rate is hiked, its value increases.
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
You may have heard that maintaining your discipline is a key aspect of trading. While this is true, how can you ensure you enforce that discipline when you are in a trade? One way to help is to have a trading strategy that you can stick to. If it is well-reasoned and back-tested, you can be confident that you are using one of the successful Forex trading strategies. That confidence will make it easier to follow the rules of your strategy—therefore, to maintain your discipline. 

Apart from the entry/exit rules and optional money management guidelines, strategies are often characterized by the list of trading tools required to employ the given strategy. These tools are usually charts, technical or fundamental indicators, some market data or anything else that can be used in trading. When choosing a strategy, you need to understand, which of the required tools you have in possession.

Peter Bain and Lennox Chambers created this system to help confused traders approach the Forex trading differently. They want to make it simpler and more mechanical with less subjective interpretation of the rules. They created Simple 1-2-3 Forex Trader with the goal of making Forex trading more accessible and less tedious. Lennox has been trading the S123 strategy for over a decade and recently applied these techniques to the Forex with spectacular success. Peter is the founder of Forexmentor.com with 20 years of trading experience and has mentored thousands of Forex traders in the past 15 years.

For example we have 2 really popular free systems (3 Pigs and PAST).  Many people are successful using them adapted to their own style of trading.  It is highly likely not one of them would ever have the exact same entries as we (the authors) do but they can and will be as successful by using and applying the principles in a manner suitable to them.  E.g. one of the strategies is a 4 Hour MTF strategy where the original system states a Trailing Stop based on an MA with an open Target.  One trader is now using this very successfully (and reports the trades on Babypips) us...

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.

Traders who have chased the price as it bounces upward and have often suffered losses because of a sudden reversal would want to keep this strategy in their minds when trading currencies. By employing this simple strategy, they can determine whether the price will continue in the breakout direction or not. This helps them to increase their profits or reduce losses.


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The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to take over the rest. Day Trading and Scalping are both short-term trading strategies. However, remember that shorter term implies greater risk, so it is essential to ensure effective risk management.

The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to take over the rest. Day Trading and Scalping are both short-term trading strategies. However, remember that shorter term implies greater risk, so it is essential to ensure effective risk management.
With the unpredictable nature of forex market, you constantly need someone who you follow and look upto, specially if you’re an independent trader or just starting out. There are many scammers out there who claims to be what they are not and are faking their profile and their experience, so the first thing is to be beware of any suspicious accounts and do your own analysis when you’re choosing someone as your mentor to guide you in this highly unpredictable market.
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:
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:
Forex strategies that are traded based on strict mathematical rules with no ambiguous conditions and no important trading decisions to be made by the trader are called mechanical. A good example of a mechanical system is a moving average cross strategy, where MA periods are given and positions are entered and exited exactly at the point of cross. When working with mechanical trading strategy, it is easy to backtest one and determine its profitability. You can also automate such system via MetaTrader expert advisors or any other trading software. The usual drawback of such strategies is their lack of flexibility before the fundamental changes in the market behavior. Mechanical strategies are a good choice for traders knowledgeable in trading automation and backtesting.

Trend-following systems require a particular mindset, because of the long duration—during which time profits can disappear as the market swings—these trades can be more psychologically demanding. When markets are volatile, trends will tend to be more disguised and price swings will be greater. Therefore, a trend-following system is the best trading strategy for Forex markets that are quiet and trending.

With the unpredictable nature of forex market, you constantly need someone who you follow and look upto, specially if you’re an independent trader or just starting out. There are many scammers out there who claims to be what they are not and are faking their profile and their experience, so the first thing is to be beware of any suspicious accounts and do your own analysis when you’re choosing someone as your mentor to guide you in this highly unpredictable market.
What is absolutely nutty about this situation is that Shirley is willing to vociferously claim that these investment returns are 100% authentic. Without the prerequisite disclaimers, if these results turn out to be fraudulent…then Trading Mentor, Vic Noble and Shirley Hudson are looking at a minimum of civil fraud. Perhaps criminal wire and mail fraud.

Premium Members have access to our 24/7 Skype Trading Chat Lounge. The Chat Lounge has proven to be an incredible, interactive resource. You can get questions answered immediately, either by text and/or screenshot, or even a mini-video! Plus…interact with other members, see how others are managing their trades etc. If you want to get up to speed in the quickest way possible, there is no better resource than the Skype Chat Lounge!


Most frequently, a trading strategy is a set of entry and exit rules, which a trader can use to open and close positions in the foreign exchange market. This rules can be very simple or very complex. Simple strategies usually require only few confirmations, while advanced strategies may require multiple confirmations and signals from different sources.


Starting as a student of FMP back in 2011, Pierre studied hard and now trades Forex full time from his home in South Africa.  Pierre teaches his unique Earth & Sky Trading System. Every day he provides updates as to what he is looking to trade for those following his trading strategy. Its a step by step process so its great for beginners & experienced traders alike.
Having been with ForexMentor for many years I have a lot of respect for Shirley Hudson and Vic Noble. Shirley has never made any secret that she likes her job as a realtor and Vic is one of the nicest guys you could know. His mentoring programs and Coaches Corner have helped me and no doubt countless others tremendously over the years. HOWEVER! There is a shadier side to forexmentor and I was so discusted in their tactics recently that I decided to blacklist them from my vendor pool. Some guy called Lennox Chambers (developer of his ‘special’ black box… Read more »
hey buddy, right now im swing trader and as you said it has higher win rates and barely 1 to 1 risk to reward, i think position trading is fine for me in the way that i just give 20% of my portfolio to it cause im in stock market, in the other hand your transition trading got my attention and im gonna check that out, with higher win rate and that insane risk to reward it will be something 🙂
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.
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