Simple effective trading strategy which may be of use to you...

LoRio

Sergeant
Messages
484
It's quite strange that you can know what's in my head, my question I politely ask again is "Why should I not share the information?" you being a 1st class Private should be able to tell me as I'm only a recruit. Is there some forum rule or law against doing so, if there is I will most happily abide by it and remove the post.

it is isnt'it?
You being a recruit has nothing to do with your trading experience.
 

Chan Ming

Private
Messages
18
My apologies in advance if this post does not conform to the usual school of thought to use as many indicators that you can find mentality.

My winning Forex trading strategy is to use MT4 price line charts with 2 SMAs, and a good 28 currency pair currency strength meter to identify the pairs that I have the best chance of making a profit with. (I do not use candles or any other indicator)

Once the currency strength meter let me know the potential pairs to watch, I use a 14 SMA (red line) for trade exits and a 50 SMA (blue line) for trade entries that cross the price line (green line) on 1 hour charts, you can use whatever colours that you like.

The trade below resulted in a 351 pip profit, I could show many more similar profitable trades but why waste our valuable trading time.

This example of a simple easy effective trading strategy with a Currency Strength Meter is not suitable for everyone as one size does not fit all, I say this because some so called Expert traders who have never worked in any type of banking institutions would have you believe that this strategy is too simple and that you need 10 or 100 chart indicators to trade Forex, that totally hides the real picture so that you lose money like they do, please don't listen to them just "Keep It Simple". All you have to do is to paper trade with this simple strategy (Method) using a brokers demo account until you trust the method (Mind), learn some money management skills to keep the risks and/or leverages low (Money), then use a small amount of real money at first until you can trust yourself with larger amounts.

Hi d4ved. I'm new here and I would like to invest some of my money in binary options. I'm actually making my gathering inputs on strategic trading. I like your advice of keeping it simple. I'm considering your approach as one of the methods to try out. Thanks for sharing.
 

Chan Ming

Private
Messages
18
"Investing" in binary options is like investing at a roulette table at a casino, except that the casino is much more likely to let you cash in your chips if you win.

Read this before placing one cent with any binary broker:

http://www.forexpeacearmy.com/forex...raud-advisory-alert-about-binary-options.html

Noted Pharaoh. Thanks for the link, I've read and understood it. I think I can find a good platform if I'll be diligent enough to do research. Yeah, I'll try it and start small if I can find a trustworthy one.
 

Brian Shaw

Highly suspicious person
Messages
18

Pharaoh

Colonel
Messages
20,070
Let me take that in reverse order.

Many of those "trading signals", especially the free ones if you sign up with a specific broker, are a one way ticket to a margin call.

As for the market analysis, there's a limited chance it could be useful on longer time frames - even though binary brokers really LOVE to push 60 second trades. Of course, there couldn't possibly be any special methods to winning at roulette, could there.

Oh wait. I opened Google and typed How to win at and roulette was the third choice. I selected it. 13.3 million results. How to win at binary options only had 5.66 million results. I suppose this proves that roulette is a better way to make money if you apply the right analysis tools. :p
 

Nomer Smith

Private
Messages
17
Hi all. I am a young retiree from Las Vegas. I am interested to invest part of my money in binary options because I find physically going to the financial marketplace quite challenging. Besides, I hate traveling and going through traffic. I'ts just a waste of time. I hope people here can help me out. Thanks a lot.
 

iMusingKiMi

Sergeant
Messages
896
"Investing" in binary options is like investing at a roulette table at a casino, except that the casino is much more likely to let you cash in your chips if you win.

Read this before placing one cent with any binary broker:

http://www.forexpeacearmy.com/forex...raud-advisory-alert-about-binary-options.html

Hi,
It is actually worst than any casino table game in my opinion. Look at those edges, I don't see any Casino Table Games have more than 10% edges, especially those either head or tail games. Just my 2 cents view.
 
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