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Simple Forex Trading System and Strategies

Strategies for playing the market are all over, but a simple forex trading system is one that saves you time and money. That means something which will work out for you even if you are just getting into the game. Now if you still happen to be interested in what that might be, read on and you can find out.

If you have not heard of the Forex market before though, here is a short rundown. Between foreign currencies throughout the world you have exchange rates. By buying or selling these currencies and then selling or buying when the exchange is favorable you can make money.

However there are a significant number of currencies which you can buy, and in fact the rates of exchange between them change all the time. Trades can be made anytime as well, because the market never closes. This is a big difference between forex and the stock exchange.

So next you are probably wondering how you can handle trading day or night and deal with your money. A simple solution to this can be finding a person who does not sleep and can make smart exchanges for you. But because that person does not exist, you can instead use what is called a robot.

A robot can be incorporated into a trading system and allows you to make smart trades and do so just about anytime. Based on how it is set up, it can respond to changes in the rates and then buy or sell depending upon what is most favorable. You can then cash in as it is tuned and made more to your liking in its strategy.

A variety of robots are available and you can find the one you prefer by doing some research. They can be a great ways to maximize your profits or even just learning to play the market better if you prefer. Hopefully though you have learned a bit about both forex and your options for how to profit with it. Best of luck with your future earnings. I personally made more than 8 times on my money using a Forex automated trading robot.

Simple Forex Trading Strategy – A Method Anyone Can Use for Huge Forex Profits

Here we are going to look at a simple Forex trading strategy which anyone can use, to make big Forex gains and even better, its easy to understand and takes very little time to apply – just 30 minutes a day is all you need. Let’s take a look at the trading strategy in more detail.

This method is based on the logic that every big trend starts and continues in the same way and if you look at a chart, you will see trends start by breaking through an overhead resistance level and making a new high. As a trend evolves and matures, it continues to break resistance levels and trading these breaks, can make you big Forex profits.

When you are trading a break of overhead resistance, you are trading when the odds are at there best and a continuation of the trend in the direction of the breakout is likely. You don’t need to guess what the market will do or predict anything, you simply wait for price action to confirm the move.

Not all breakouts continue of course and you get many which are “false” which breakout and then immediately reverse so you need to be patient and trade the right breakouts and there are three golden rules you need to follow which are:

1. The more times a level has been tested and help before the breakout occurs the better the odds of the breakout continuing once the break finally does occur. As a general rule, look to trade breaks after the level has been tested at least 4 times, before it finally gives way.

2.The spacing in terms of time between the tests of resistance is also important and the longer the time period between tests the better. I would look for at least a month between two of the tests, before deciding to trade a breakout.

3. Another great indication of whether a breakout will be good one is to look at the news. If the news is bearish and a strong breakout occurs, chances are it will continue. The reason for this is obvious – 95% of fOREX traders lose – so if everyone else is looking for the currency to go down when it breaks up, chances are the break will continue.

The above is a simple and very effective, way to trade Forex and it will always be effective as long as Forex markets trend. If you want a simple Forex trading strategy which only takes 30 minutes a day and makes big profits then, you should consider trading breakouts.

Simple Forex Trading System Review

A simple forex trading system is one which allows you to work the way you want to and makes you the money you want. Naturally you should not want to waste time either. If any of this is sounding like something you might like, then keep reading and you can learn a bit more.

If you have not heard of Forex before, here is a brief rundown. Foreign currency exchange rates are the name of the game. Currencies are bought and sold against one another in order for money to be made.

There are a large number of countries on the market and their rates change day and night. You may have guessed it, but that means the market is open at all hours and trades can be made anytime. This is one of the big ways in which this market differs from trading, say, stocks.

So if the market is running day and night then how do you want to make and monitor your money? A trader on your behalf which does not need time to rest can be the answer. This is where you might turn to a forex robot as your solution.

A system which incorporates a robot means that your trades may be made intelligently and anytime. Depending upon its programming, it can determine the better times to buy or sell and handle any amount of money you like. When the exchanges turn favorable one way or another it can cash in for you, even while you are sleeping.

Of course a number of these are available so you might want to have a look for yourself. You might also consider using them to help learn how to play the market yourself when you can. Hopefully you have a better idea of the ways in which you can play the market profitably now. Good luck to you and keep playing. I personally made more than 8 times on my money using a Forex automated trading robot.