profitable forex trader is one simple strategy and mechanicaly to follow it, no matter what.
Here is one very simple, but very powerful and profitable trend following sure win forex strategy. You will not win 100% of your trades, but in the long run you will be very profitable.
Profitable Sure Win Forex Strategy:
1) Choose your currency pair, for example: Eur/Usd. Use 4 hour charts.
2) Look at the chart and decide which way the main trend goes. If the
trend is going down, there will be lower highs of candles and lower
lows. Like yellow line shows on the image below.
3) Let´s assume that the trend is going down, so you will be selling. But you have to wait for the best time.
4) Entry points. In our example you will sell. Even though the trend is
downward, there are some retracements back up and then it will turn down
again. So you wait for these retracements. When they hit a resistance
level (red line on the image below), there is a strong possibility it
will bounce and go down again.
That is the point of your entry, where you place your sell order.
5) Always place a stop loss.
6) If the market is going your way, let your profits run and move your stoploss above previous candle.
you will have losing streaks, 3,5 or even 7 trades in a row in loss,
but that is normal for this trend following sure win forex strategy. You have to keep placing
your trades exactly according to this strategy. When you catch your
trend, you will get profit big enough to cover all your losses and you will have additional profit above that.
So put this simple and profitable trend following sure win forex strategy in work and make money.
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