Forex Made Simple

[Phuong Fulsom]

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In this article, we are going to be sharing with you the exact Forex Trading strategy that has made many a millionaire at a very young age this approach to Forex changed many lives, and folks could do things for themselves and their families.

What is the best way to impact the Forex world today, I'm gonna share this Forex Trading strategy because I want to see more profitable Traders than losing Traders I want to see Traders deposit money and actually withdraw more than they deposited.

I want you to be more informed and ultimately become profitable Traders if you're interested in finding out this strategy that thousands have used to make a lot of money if you want that strategy that's going to change your life I suggest all you need to do is sit right there don't go anywhere and read this article till the very end where we're going to be discussing Forex Trading strategies to actually predict this Market week in week out. Before we start talking about strategies and all that I need to give you guys some background.

As soon as you open a Forex brokerage account and once the Brokers see your contact information they call you like hi um so how would you like to deposit 1000 would you like to deposit 5,000 you don't really know what's going on Ie it happens to everybody right, these Brokers they have for your money anyway so you know start the game deposit your first two thousand dollars and then what happens is what happens to every other Trader.

So you get on the hunt for Forex Trading strategy you come across all sorts of things all sorts of people all sorts of seminars all sorts of gurus many beginners were in that position as well they sold me everything, they told me this they told me that and then you realize one of the most common strategies that people always come across or people always try to adopt is indicator based strategies.

Let us just talk a bit about indicator-based strategies and hopefully, you might relate to this as well because we may be talking about the strategy that you're currently using at the moment so that you can understand why we are not here to bash anybody else's strategy but this article is just to open it to show why it may not exactly be working for you.

Let's take indicator-based strategies. You go to seminars and they tell you oh when you wake up in the morning you have to trade between nine and 11 am rubbish and they tell you all you have to wait for (There is this indicator-based strategy whereby it was on a 30-minute time frame uses the hundreds exponential moving average and the 10 and then once you cross over if you the smaller one crossed over to the downside how to sell if the smaller one crossover to the upside you buy. it simply means that there was a change in China and blah blah blah and guess what at the end of the day the strategy will work for only a period of time but then it will stop working frustration settings and you jump from this strategy and before you know what's happening you're jumping from A to B to C and for every time every time you jump from strategy to strategy it is always because of a blown account people stop using a strategy once they blow a particular account so imagine you jump from three four five.

This article is not here to sugarcoat anything about Forex if you want to keep on trading Forex it's up to you if you want to quit is entirely up to you but my duty as a researcher/ educator who has spoken with consistently profitable Forex Traders( who wants to give back it give back to their community) is to tell you the absolute truth. They have never seen you know a Trader who uses an indicator-based strategy and has been profitable overall.

So what is the reason behind this? The simple reason behind this is indicators lag, Indicators are behind price, and price needs to occur before the indicators print that's pretty much it, Therefore tell me how can you really project into the future when your strategy is based upon indicators that tell you what has happened before in the past.

The difference between both once again one is delayed one tells you what's going to happen to the Future, the objective here is to project into the future, so why exactly would you want to use an indicator that is telling you what has happened over the last 10 days?

You don't want to know the average price over the next 10 days you want to see based on price action how price has behaved in certain regions and based on that information you want to use that to trade.

In the Forex Market top-down analysis is basically when you scale down from a monthly weekly daily and commonly execute on a four-hour time, the problem with most strategies and most indicator-based strategies is you can only trade a particular time. you want a strategy whereby you can trade anything at any time with the top-down analysis you can trade anything. Once again let us go over how it works now the strategy is very simple and straightforward what you do is see what the overall flow of the market doing, and what direction it is heading.

Here is an example at the moment AUD is moving south AED USC is moving south on a monthly time frame first of all you know you are only going to be looking for selling opportunities don't forget you don't trade on the monthly time frame it is only for direction, once you know what the market is going to do where it's heading on the monthly time frame that is the only direction we're going to be interested in.

You scale down to a weekly time frame, once we scale down to a weekly time frame this is where we come to plot our key levels unlike the indicator-based and other strategies you're only limited to one or two different time frames can you see how you are using all the different time frames to build your case for trading you are literally an analyst, you are analyzing you not allowing indicators tell you what to do, you are looking at and interpreting the chart and trying to understand what you should do in the next monthly Direction.

Ploting your key level now Is of the essence, it turns around, and plotting them is so straightforward you don't need any indicator to plot all you do is look left you don't need any indicator is not special all the tools you need to ever be successful in this market are free on your trading view software or whatever thing it is you use it is free you don't need to buy any proprietary indicator none of that, you can use free simple tools and you know when saying simple people are like, the problem with people is like they like things complicated,

Simple things in this game actually work, digest it once again the more cluttered your chart is the more money you're going to lose more indicators don't always equal better trading opportunities it does not work that way.

Now on The Daily example AUD USD, let's say AUD USD is heading south on a monthly time frame we use the weekly to plot the key levels because we want to know that within that 2,000 pip drop the market will still respect certain zones and that those zones will be will most likely take our profit or do stuff like that.

The daily Trend within the overall trend (don't forget we don't buy or sell on a monthly time frame it is for Pure directional purposes) remember we said monthly overall flows coming down weekly to key levels, you will now look for a daily downtrend, again the daily and the weekly must have the same Trend don't forget it is on the daily and then on the four hour we come to execute we don't trade on the monthly, monthly gives us the direction.

Now you are probably thinking what if the monthly and the daily are not in sync? then trading doesn't take place because there is a conflict you have to understand that the monthly can be trending down and the daily might be trending against the monthly time frame.

Things like this are what your indicator-based strategy will never tell you because you're saying to yourself I'm looking at a four-hour time frame, the market is coming down and I'm trying to sell but I still keep getting stopped out, why? because it's possible that your four-hour time frame is trending down but the overall flow of the market might be pointing upwards the monthly time frame might be heading higher, do you get the meaning?

For example, the US is Trending, down just go to a one-hour time frame, you see AED USD wants to go down for 2000 Pipscome down to a one-hour time frame and look for a nice exit strategy on a Lower time frame so on 2000 pick drop come to a lower time frame for a little stop loss of about 40 to 50 Pips, jump into a sell trade and catch the overall move this is exactly how you use a 50 pip stop loss to catch a 2000 pip move and the best part about all of this is once you trade you just allow the market to work for you.

There is no need to stress yourself, you are not always in front of your screen and that takes us back to the other strategies that you may have used over the years, yes this is pretty much a comparison article, and you need to know this because you need to know how to break everything down..

People who trade the news and that's another issue trading the news, the problem about trading the news is that the spread of dream news releases are so wide that before any of your entry orders get placed you're already minus 10 Pips negative what does this mean the Brokers increase their spread to 10 Pips

Let's say you want to quickly catch 50 Pips maybe you have a buyer and they sell orders placed simultaneously and then the market goes up for a buyer before your trade gets filled it doesn't get filled the way you want it to get filled the market goes up and fill you up here, now then you are negative 10 Pips and let's say you want to catch 50 Pips and before you know it the market drops and takes your sell order so now the market has taken both trades buy and sell and then the market just stays in the middle and it's not going up and before you know what's happening frustration sets, we just wanted to use that quick segment to demystify news trading as to why it doesn't work and continue to preach about the top-down analysis as to why it is the best until Traders are liberated from the shackles of indicator-based strategies, from the shackles of lower time frame trading strategies.

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