No matter what strategy you will be learning or developing you must be able to identify the following within that within that strategy.
- What condition must be present before you enter the market – this is know as your setup conditions, if these are not present, then you will not enter the market.
- How to enter the market – you strategy will tell you how to enter the market. You can enter by placing an market order or an entry order.
- Where should you place your stop order or stop loss if the market goes against you
- Where should you place you limit order to get out when the market moves in your direction.
- How do you manage your risk or manage the trade?
- You must to back test the strategy – that is you can look at information in the past and check how the strategy would have performed.
- You should be able to use the strategy on all time frames.
There are many different strategies that you can use to trade the forex market. A lot of information is available on the internet as well. You can also develop your own strategy. This will definitely cost you money and time. If you are interested in educating yourself on learning a few simple strategies to use in the market straight away then click here.
Alternatively, you could learn from a person who has a tried and tested strategy, that is, a person who is a trader as well. This will allow you to hit the ground running. Below you will find a few strategy that you can learn. Take you time to see which one will fit your trading psychology. Trading takes time but when you have a strategy that gives consistent profit, this is like having your own cash machine. We we talk about consistent profit we mean that the amount of time that you have a winning trade is greater that the amount of time that you have losing trade. Then end result is that you will be making profit.
As I mention above one of the best way to learn forex trading is to have a mentor who will teach you how to trade the forex market in LIVE trading conditions. When you click the link below, it will take you to a new page in which you will be able to review the forex training on offer.
The are a number of courses that you can choose from. You can also choose to EARN WHILE YOU LEARN, that is, you can copy the trades of your mentor and make money while you do the course. Well, this seems to good to be true, but it is! No need to rush, take your time and review which course you think would be best for you and ask Rob as many questions as you like before you decide on learning his Price Action Trading Strategy
HERE’S ANOTHER OPPORTUNITY FOR YOU TO LEARN A FOREX STRATEGY THAT TEACH YOU TO TRADE LIKE A BANK.
The price action trading strategy is more focused on technical trading with minimal emphasis on the fundamentals. On the other hand if you would like to focus more on the fundamentals of trading and gain a DIPLOMA and a GUARANTEED JOB at the end of your training the you use this link “TRADE LIKE A BANK” . You will be taken to a new page in which you will get more information on the course.
If you really want to be a forex trader, then you won’t be able to avoid learning a forex strategy as this is one of the key component. Therefore, take you time and check out what’s on offer.
If you already have a winning strategy for making consistent profit then check out our funded account section, in which you can get access to funds from investors who will accept all the losses you make. Funded accounts is a sector which is growing real fast and this will only continue to grow as investors seek out forex and other traders who are good at what they do.