September 24, 2017

3 online Forex Trading Strategy Used a professional Trader

Talking about online forex trading means also talking about a wide range of information regarding trading strategies you can get on the internet. However, in reality, not all strategies that claimed "excellent" could actually work.
3 strategy trading forex online

In this article I tried to summarize at least three strategies commonly used professional traders.

1. Trading When There Are Strong Fundamentals Driving Factors
This way utilize the market response when there is a release of economic data. The market will usually move more volatile if the number of a specific economic data announced it is better or worse than forecast.

For example, if the data of the US non-farm payrolls (NFP) released better than theestimates, USD will usually be strengthened significantly in at least the first 20 minutes. Conversely, if the data turns out to be worse than estimated then the USD will typically weaken sharply. Thus, the counterpart or the "currency pair" usually will move up or down sharply as well.

If such a result the USD strengthened data, then the pair such as EUR/USD, GBP/USD, AUD/USD and NZD/USD will move down. Thus, to benefit from price movementsof post release data NFP then the trader opens a position sell on pair-the pair.

The economic data is most often used to implement this strategy usually is the US interest rate decision and the NFP Fed.

2. Use The "Round Number" As A Support/Resistance
The definition of "round number" here is such a price level 1.50000, 1.0000 0.50000,100,000, and so on. While that is considered "not unanimous" is the price as we see, such as 1.38775, 1.58837, 139,387 and so on.

"Round number" is also often referred to as "psychological level" which is usually a key area of support or resistance.

For example, when you see the price moves above the psychological level of that area, then the key support level. You can open a buy position with stop loss at the reference level in the psychological area. Conversely, if the price level down the translucent, you thus can get a chance to open a sell position.

3. Use A Combination Of Technical Indicators
This is often referred to as the trading system. Professional traders usually use sometechnical indicators at once with the intention of enabling the indicators one could cover up the weaknesses of the other indicators so that the resulting signal expected more confirmed.

For example, you can see the technical analysis applied by the FOREXimf.com Market Analyst team. There we use the Stochastic Oscillator, the Commodity Channel Index (CCI), Moving Average and Fibonacci Retracement.

The Moving Average (MA) is used to help strengthen the bias. If the trend is clearly visible (e.g. an uptrend or downtrend), then MA more serve as support or resistanceareas. But if the trend tends to be difficult to be determined, then the MA could provide clues about whether intraday bias is bullish, bearish, or neutral.

Besides MA can also collaborate with Fibonacci Retracement area information to give a good entry. The actual area of reference for market entry can be determined from the Fibonacci Retracement, but if reinforced by MA, i.e. when the reference area of Fibonacci Retracement area MA intersect, then the area will be more valid to perform entry-level market.

While it is stochastic and CCI serves as the "trigger" or "trigger", which gives a signal to the opening position (buy or sell). When prices already are in the area of reference, then you can just wait for the confirmation signal buy or sell of stochastic and CCI, in accordance with its intraday bias.

Fibonacci Retracement also serves as a reference for preparing the anticipation if it turns out that our analysis was wrong. Transpiration support or resistance based on the key Fibonacci Retracement will turn bullish from intraday bias being bearish or vice versa. It should be used as a "warning" If you have many users open a buy or sell.

In order to optimize your forex trading, you should look for strategies which are really appropriate for you. In accordance with your character, in accordance with the power of your capital. Do not try to force myself applying trading strategies of others that don't suit you. Although for example the strategy might work properly when used on these people, not necessarily can be successful on you, because it is not necessarily a good fit.
Thus discussion of strategy trading forex online, please select according to taste. hopefully helpful

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