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A Forex Trading system that works
by Philippe Perard
Before using a Forex trading method, whatever it is, it is essential to test it on a virtual Forex account, but more especially, to check its effectiveness, look at the past charts and check how many winning orloosing trades the method generates.
No method is effective at 100% and all those who try to sell you this type of method get rich by the sales of their expensive ebooks, rather than by Forex. If I would hold a method as effective as affirmed by certain salesmen, I would not waste my time in intensive marketing to sell it, I would apply it with a real account at the forex!
I personally apply a method which gives me good results: an average of approximately 70 % of winning trades over a month. I will not sell this method to you, but quite simply will offer it to you. If it succeeds for me, it can to also bring the success to you, but there is no guarantee of success. I have to specify that Forex implies financial risks, and that the amount which you engage on Forex can bring back money to you, but you can also lose all your money.
This article does not represent an incentive to invest on Forex or any other system, and you must be conscious that you assume your own risks as soon as you invest on a market like Forex.
And now, about the method...
In order to apply my Forex Method, you need to have a minimum knowledge about how to read charts, or how to set indicators.
First Step:
You need to set your chart to a 30 minutes timeframe
Second Step:
Set up 2 indicators: one simple moving average (MA) set to 4 period - one MA set to 75 period
The method is quit simple, and gives you BUY or SELL signals:
- If MA4 crosses MA75 upwards, then BUY the pair
- If MA4 crosses MA75 downwards, then SELL the pair
Does it seem to easy to work?? Take a look at the history of charts, you will be amazed by the results!
Some important tips about this method:
- Protect your trade with a Stop Loss, set at 25 pips from the entry point
- Try to get quick profit from your trade: do not wait for a +150 pips result, +15/25 pips is a good level!
- Do not trade against the trend: if all indicators are "up", do not trade "down", you will never change the market, even you think you are right!
Article Source: http://www.articlealley.com
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