Locating the trend: Markets trend and consolidate, and this process repeats in cycles. The first principle of this style is to find the long drawn out moves within the forex markets. One way to identify forex trends is by studying 180 periods worth of forex data. Identifying the swing highs and lows will be the next step. By referencing this price data on the current charts, you will be able to identify the market direction.
Fundamental Forex strategies are strategies based on purely fundamental factors that stand behind the bought and sold currencies. Various fundamental indicators, such as interest rates and macroeconomic statistics, affect the behavior of the Forex market. These strategies are quite popular and will benefit long-term traders that prefer fundamental data analysis over technical factors:
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.
Of the past 15 years, Forex Mentor has marketed dozens of “get rich quick” Forex trading educational products. Currently, there are over 20 educational products for sale on the website. To list each product would be mundane. To give you a prime example of the marketing hype, I have included the flagship product titled “The Big Dog Currency Trading System”.
While many forex traders prefer intraday trading, because market volatility provides more opportunities for profits in narrower time-frames, forex weekly trading strategies can provide more flexibility and stability. A weekly candlestick provides extensive market information. It contains five daily candlesticks, and changes which reflect the actual market trends. Weekly forex trading strategies are based on lower position sizes and avoiding excessive risks.
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
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!
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
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.
Admiral Markets Cyprus Ltd is registered in Cyprus – with company registration number 310328 at the Department of the Registrar of Companies and Official Receiver. Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 201/13. The registered office for Admiral Markets Cyprus Ltd is: Spyrou Kyprianou 20, Chapo Central, 1st floor, Flat/Office 102, 1075, Nicosia, Cyprus
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
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?”
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.
I live in Vancouver and met some of the folks who run this (its not Peter). The 2 people who run it don’t trade forex and think its “crazy risky”. They’ve made a LOT of money selling this sh*t. Its really frustrating for real traders who invest not only their money but their time and hard work (+ hopes & dreams) into education that doesn’t deliver.
A forex trading strategy works really well when traders follow the rules. But just like anything else, one particular strategy may not always be a one-size-fits-all approach, so what works today may not necessarily work tomorrow. If a strategy isn't proving to be profitable and isn't producing the desired results, traders may consider the following before changing a game plan:
The problem with trader training is that it’s glossy, shiny and comes with all sorts of promises. When you sign up, you think you’re getting access to professional knowledge, but in fact what you’re getting is an array of ‘get rich quick’ promises that rarely, if ever, come true. The reality is that you never get close to any professional traders. You don’t get to share in their personal experience.
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd or Admiral Markets PTY Ltd services, please acknowledge all of the risks associated with trading.