Day trading forex futures

Simple forex trading strategy rs14

Simple Yet Profitable Forex Trading Strategy (Consistent Monthly Gains),Get Started

What Is The Simplest Trading Strategy? Trading price action using the market’s horizontal levels is a simple and proven trading strategy. If you only have one thing to learn from the site, that it is this. Try looking for major horizontal price action patterns in the market from where there is evidence of price action What is This Simple Profitable Forex Trading Strategy? In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish 26/9/ · Using years of forex strategy, I show you how trading reversals of tre Today I share with you, the most SIMPLE forex strategy that works on every time frame ... read more

When currency prices cross over their moving averages, it often generates a trading signal for technical forex traders. For example, a trader might sell if a price bounces off or crosses the MA from above to close below the moving average.

Price crossovers are one of the leading moving average trading forex strategies. A simple chart price crossover happens when a price crosses below or above a moving average, signaling a change in trend. Other forex trading techniques use two moving averages: one shorter and one longer. Carry trade is a simple type of forex trading whereby traders look to profit by taking good advantage of interest rate differentials between different countries.

It is important to note that while it was popular, it can, however, be very risky. This forex strategy works because forex currencies bought and held overnight will pay a forex trader the interbank interest rate of that country from which the currency was bought from.

A trader using this forex strategy wants to profit from the very difference between the rates, which can be substantial depending on the leverage used. Carry trade is one of many the most popular forex trading strategies in the forex market, but this trading style can be very risky; these trades are often highly leveraged and overcrowded.

They also use the information to view how its value is likely to move relative to another currency in the future. It can be easily simplified by concentrating on a few major indicators.

Trend trading is another popular and good forex trading strategy. The technique involves identifying a downward or upward trend in a currency price movement and then choosing trade entry and exit points. Trend traders use many different tools and indicators to evaluate trends, such as moving averages, relative strength indicators RSI , volume measurements, directional indices, and stochastic.

Range trading is a simple and popular trading strategy based on the idea that prices often hold within a steady and noticeable range for a given period. Range forex traders rely on being able to buy and sell at predictable highs and lows of resistance and support frequently, sometimes repeatedly over one or more trading sessions. Range traders may use the same tools as trend traders to identify good trade exit and entry levels, including the relative strength index, the commodity channel index, and stochastic.

Momentum trading and Forex momentum indicators are based on the idea that strong chart price movements in a particular direction are a very good sign that a price trend will continue in that exact direction for some time. Similarly, weakening movements will indicate that a trend has lost strength and could be headed for a reversal.

Momentum strategies may consider price and volume and often use visual analysis tools like oscillators and candlestick charts. Read More: Forge Your Own Forex Trading Strategy. The biggest problem with this information is in lack of detailed discusion along with charting examples. when you put time into someting, make it with heart not just to get people visit.

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Notify me of new posts by email. Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital. Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice.

Please read the complete Risk Disclosure. Privacy and Policy Terms and Conditions Advertising Inquiries. Best MT4 Broker with lowest cost. ZERO swap fees on gold. According to the above, you can see that price pullback to the 50MA and touched it.

This is a valid pullback. Now, all we need is a bullish engulfing candlestick to go long. As expected we got a bullish engulfing pattern and after that price shoot like a rocket. As you already know this simple forex trading strategy is highly based on the small risk and higher reward. Assume you had a bullish engulfing candle and you should place your entry at the closed on that candle.

Next, measure the size of that bullish engulfing candle in PIPs and place your stop-loss twice that distance. For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs.

According to the above chart, you can see that we got pullback trade entry as the marked bullish engulfing candle is closed. So our trade entry should be there. Now, the size of that candlestick is 7 PIPs, therefore Stop-loss should be 14 pips which is twice that candle.

This is how you place the stop loss when trading with this simple profitable forex trading strategy. We can also avoid larger drawdowns by cutting losses. If you can follow the above rules without letting your emotions affect your trading decision, you can become a profitable trader and a professional risk manager in no time. Step 1 — If Price Break Above or Below the Engulfing Candle, We Should Close the Trade Manually. Assume you saw a bullish engulfing candlestick pattern and decided to take a long position.

After that, the price break below the trade entry and closed below the bullish engulfing candle. When this occurs, the bullish engulfing is no longer valid, and there is no reason to keep the trade open. Therefore, we should cut our losses as soon as possible by manually closing the trade. This way we can stop a trade turn into a bigger loss. First, we can see that there is a bearish engulfing candlestick pattern that occurred after price break below the 50 SMA and this is a valid trade entry as well.

What happened after we went short? Within two candles price went up and closed above the bearish engulfing candlestick. Which mean our trade entry got invalidated. Now What? Simple, as a trader and as a Risk Manager, you should cut your losses because our trade entry got invalidated and there is no reason to keep hoping that this trade will turn in our direction.

In this step, we are giving some time period to see how the trade plays out. If the trade has the momentum to move in our favour within that time period we gave, there is no problem. Simply because the momentum is not in our favour.

According to the above chart, we got a breakout entry with a strong bearish engulfing candle. This is our trade entry and we can place a short trade here. Now in this scenario price never tried to close above the entry candle.

This is how you take control of your losses and keep your losses short, so that when you hit winning streaks and bigger winners you asymmetrically compound your gains. According to the above chart, we got a strong bearish engulfing entry signal following the break of the 50 SMA. We can place a short trade there. Right after we executed a short trade, momentum began to kick in and price began to move in our favour, eventually reaching our 1R profit target.

Have a look at the red stop loss line. This is the third step on how to cut losses. At this point, there is little to no risk on our trade. We dramatically reduce the risk of our trade using these simple trading techniques. Step 4- When the price move 1.

This is where we turn our risky trade into risk-free trade by moving the stop loss to breakeven after the price reached 1. Just like the previous example, in here price first reaches to 1R level. But in here price did not stop after reaching 1R profit level, it moves down and hit our 1. Right after that, we can move the stop-loss to breakeven and take all the risk out of the table.

Now we have no risk attached to the trade, next, all we have to do is to let the trade play out and manage the trade as the price move in our favour. Managing trade is easy. You just have to trail your stop loss while the price move in your favour. As previously stated, after a trade has hit 1. The next question is how we will manage our trade and profit after the price has reached 1. So, managing a trade is not that difficult, especially because we apply a set of rules that are simple to follow and execute.

For example, when the price is 3. That way we can leave 1. Have a look at the chart below. First of all, have a look at the trade entry. This is an initial breakout entry. Because we got a bullish engulfing candle on the initial breakout and with that, we placed a long trade.

Right after the trade entry, the price moved in our favour without taking much time. As the chart is shown above, price pushes all the way up to 2. Which mean we should trail stop-loss to 1R in the profit.

That is what we did the above. What happened after the price reached 2. Market reverses in the other direction, right? Fortunately, we had our stop-loss at 1R. Therefore we were able to book 1R profit without giving all the unrealized profit back to the market.

One last thing, when trading with this simple profitable forex trading strategy, you should place your Take Profit order at 5R. Have a look at the above table for reference. Is this simple trading strategy suitable for you? Is it compatible with your daily routine? Is it a good fit for your personality? Consider this question, and I hope you now understand every detail of this trading strategy.

If you have any questions about this method, please leave them in the comments area. A very good reference for another simple forex trading strategy from forex4noobs: FOREX TRADING STRATEGY: The Ultimate Guide Update.

Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. We Are… Trade Revenue Pro. We specialize in reverse trading.

More Over Our Trading Technique Enable Everyone, Even Novice Forex Traders to Recognize and Ride the Trend Reversals with Higher Risk to Reward Ratio. Trade Article. Simple Yet Profitable Forex Trading Strategy Consistent Monthly Gains.

Before we get started, let me tell you something. If you follow the guidelines outlined in this article and implement the approach as instructed, I am assured that you will be able to make consistent profits month after month. This is a simple yet highly profitable forex trading strategy. The focus of this strategy is to cut our losses short and gain as much as possible. The main driver of this strategy is the Higher Returns and Small Losses.

Also, when developing this trading strategy we followed the popular term KEEP IT SIMPLE STUPID. Hence, all the trading signals are generated by the trading system and all you have to do is to place your orders and manage them according to the rules of engagement.

In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish engulfing candlestick patterns to get into trades. Basically, when trading this strategy, after determining the trend, we will ride that trend to gain as much as possible. Also if the trade is not going in our favour, then we immediately cut the losses.

For example, have a look at the charts below. It represents how a profitable trade and a losing trade looks like. With these kinds of returns, achieving consistent monthly gain is simple. For extra clarification, have look at the excel screenshot of our trading journal. It represents how the profitable trades and losing trades are distributed. In the above chart, we got a total of 15 trades.

Among them, we only had two massive 60 PIP winners with some small winners and all others were losing trades. That is the beauty of this trading strategy. Now I hope you got a brief idea about how this simple profitable forex trading strategy is going to work. Personally, I am a huge believer in keeping things simple. First, head over to tradingview.

com and open a free account. Then follow the below video to set up your tradingview chart. Ok, Tradingview is now ready. But from which platform are you going to place the trades? Also, we are using a Minutes timeframe for this strategy. So make sure that you are on the right timeframe. If you want to make a consistent profit each and every month, you need to take control of your emotions. Related: How to Control Emotions Ups and Down When Trading Forex — Trading Psychology.

Since we have tremendous returns in this trading strategy, these small emotional problems will not be big deal. Consider this: even if you have a poor win rate, you can still be profitable due to the higher risk to reward ratio.

So you can be a calm trader since the win rate cannot bother you anymore. When it comes to this trading strategy, the main objective is to decrease the size of losing trades while simultaneously exponentially increasing the gains of winning trades. When trading the forex market, Losing trades is one of the most common market events that can harm us, right?

Due to the higher risk to reward ratio, losing trades cannot hurt you anymore because you have a gut in your exponential higher returns. This is a significant step in the direction of becoming a successful trader.

As you know, our trade entry is bullish and bearish engulfing candlestick patterns, and the best thing is, you have nothing to do. Every trade signal is generated by itself in the chart, so just relax and execute. We have three types of trade entries in this simple profitable forex trading strategy.

This trade entry technique was developed to catch the trend early as possible or in another word, I can say that this is the first attempt to catch the trend.

Basically, we are waiting for bullish or bearish candlestick to break the 50 Simple moving average. Have a look at the marked area in the above chart yellow circle. On there we can see that a strong bearish candle closed below the 50 Simple Moving Average. This is what I call initial breakout entry and this is a bearish trade signal.

In the next chapter, we are going to talk about how to manage risk Setting stop-loss and cutting losses. On the marked area in the above chart, you can see a bullish engulfing candlestick pattern break and closed above the 50 Simple moving average. This is our buy trade signal. Now, what happens if we do not get bullish or bearish engulfing candles when the price break the moving average?

What happens if it is just a regular candle? Which is…. I use this trade entry technique if I were unable to get into the trade on the initial break of the moving average. In here I wait for the market to slow things down after the initial break of the moving average, then like the previous example, I use bullish or bearish engulfing candlestick patterns to execute the trade.

But we did get a bearish engulfing candlestick after the break and pullback AKA after the breathing stage,. Now here we consider the marked pullback as the breathing stage. In the breathing stage, any bearish engulfing candlestick pattern is qualified to place a sell trade. Have a look at the above chart. Just like the previous example, we did not get bearish engulfing candlestick at the initial breakout. But inside the breathing area, we got multiple bearish engulfing.

All of these candlesticks inside the breathing area are qualified to go short. When using this trade entry technique, most of the time we get into the trade in the middle of the trend. We wait for price action to pull back and touch the 50 MA and then wait for a bearish engulfing candlestick to place trade. According to the above, you can see that price pullback to the 50MA and touched it. This is a valid pullback. Now, all we need is a bullish engulfing candlestick to go long. As expected we got a bullish engulfing pattern and after that price shoot like a rocket.

As you already know this simple forex trading strategy is highly based on the small risk and higher reward. Assume you had a bullish engulfing candle and you should place your entry at the closed on that candle. Next, measure the size of that bullish engulfing candle in PIPs and place your stop-loss twice that distance. For example, if the size of a bullish engulfing candle is 7 PIPs, then your stop-loss should be 14 PIPs.

According to the above chart, you can see that we got pullback trade entry as the marked bullish engulfing candle is closed. So our trade entry should be there. Now, the size of that candlestick is 7 PIPs, therefore Stop-loss should be 14 pips which is twice that candle.

This is how you place the stop loss when trading with this simple profitable forex trading strategy. We can also avoid larger drawdowns by cutting losses. If you can follow the above rules without letting your emotions affect your trading decision, you can become a profitable trader and a professional risk manager in no time. Step 1 — If Price Break Above or Below the Engulfing Candle, We Should Close the Trade Manually. Assume you saw a bullish engulfing candlestick pattern and decided to take a long position.

After that, the price break below the trade entry and closed below the bullish engulfing candle. When this occurs, the bullish engulfing is no longer valid, and there is no reason to keep the trade open.

Therefore, we should cut our losses as soon as possible by manually closing the trade. This way we can stop a trade turn into a bigger loss. First, we can see that there is a bearish engulfing candlestick pattern that occurred after price break below the 50 SMA and this is a valid trade entry as well.

What happened after we went short? Within two candles price went up and closed above the bearish engulfing candlestick. Which mean our trade entry got invalidated.

Now What? Simple, as a trader and as a Risk Manager, you should cut your losses because our trade entry got invalidated and there is no reason to keep hoping that this trade will turn in our direction. In this step, we are giving some time period to see how the trade plays out. If the trade has the momentum to move in our favour within that time period we gave, there is no problem.

Simply because the momentum is not in our favour. According to the above chart, we got a breakout entry with a strong bearish engulfing candle. This is our trade entry and we can place a short trade here.

Now in this scenario price never tried to close above the entry candle. This is how you take control of your losses and keep your losses short, so that when you hit winning streaks and bigger winners you asymmetrically compound your gains. According to the above chart, we got a strong bearish engulfing entry signal following the break of the 50 SMA. We can place a short trade there.

Right after we executed a short trade, momentum began to kick in and price began to move in our favour, eventually reaching our 1R profit target. Have a look at the red stop loss line. This is the third step on how to cut losses.

3 Easy and Simple Forex Trading Strategies For Beginners [Trading Template],Forex Moving average crossover

What is This Simple Profitable Forex Trading Strategy? In this trading strategy, we use 50 simple periods moving average to determine the market trend and use bullish and bearish 26/9/ · Using years of forex strategy, I show you how trading reversals of tre Today I share with you, the most SIMPLE forex strategy that works on every time frame What Is The Simplest Trading Strategy? Trading price action using the market’s horizontal levels is a simple and proven trading strategy. If you only have one thing to learn from the site, that it is this. Try looking for major horizontal price action patterns in the market from where there is evidence of price action ... read more

Also, we are using a Minutes timeframe for this strategy. In this article we will explain what day trading is before exploring various different day trading strategies and systems which are available and how they are used by traders to make profits. November 18, 9 Min read. Risk Free Demo Account Register for a Free Online Demo Account and Master Your Trading Strategy OPEN DEMO ACCOUNT. The global low-interest environment has narrowed interest rate differentials. Remember, this is a long-term strategy.

For example, simple forex trading strategy rs14 trader might sell if a price bounces off or crosses the MA from above to close below the moving average. The technique involves identifying a downward or upward trend in a currency price movement and then choosing trade entry and exit points. A very good reference for another simple forex trading strategy from forex4noobs: FOREX TRADING STRATEGY: The Ultimate Guide Update. So Forex beginners may find it better to start with a simple and easy Forex strategy. A simple chart price crossover happens when a price crosses below or above a moving average, signaling a change in trend, simple forex trading strategy rs14. In the chart above, the period moving average is the dotted red line.

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