What You Will Learn?
- How to develop a strategy that suits you
- How to make 50-150+ Pips per Trade!
You cannot start day trading without a strategy in mind, because that's an easy way to lose money. No, if you intend to begin trading currency, you need to get familiar with Forex trading strategies. And this tutorial will teach you the best of them.
What Will You Learn
In this course you will learn five strategies that have been developed by a professional Forex trader with an experience of half a decade in trading in these markets.
Here's the breakdown of what you will learn:
- Beginner-friendly strategies that can help you earn 500 pips each day
- Strategies that work across various time-frames: short-term, intraday and swing trading
- Live trade examples that show you the results on how to best use these strategies
- And to find profitable opportunities - exclusive MT4 indicators with entry/exit signals
Forex Trading Strategies for Beginners
The strategies you will find in this course are simple and intuitive. When you master them, you will easily earn 500 pips each day.
The first step on your path to earning is to define what you want and how you will achieve it. You can choose either a range-bound strategy or a strategy where you follow a trend. Next you need to select the timeframes which are optimal to the strategy you've adopted. Finally, maximize the strategy's potential by tweaking its parameters just the right way.
This will let you reap the best profits out, whatever of the five Forex trading strategies you choose. Keep in mind that every single one of these strategies is backtested with real historical price action on at least three major currency pairs for no less than 3 months worth of data.
Currency Trading and Backtesting
The most important step to take when you are creating a new automated system or strategy is backtesting. Read below a step-by-step walkthrough:
First, you create the rules with the indicators that you've chosen. Second, you observe the signals given by this system in real-time. This step is called immediate forward testing. Third, once you have adjusted the rules and the strategy produces the signals you desire you need to find out how these rules have paid off in the past. And that is backtesting.
Without backtesting you will be producing rules that you know are profitable, but you won't be able to support your claims, as you have no data to do so. Backtesting shows you the actual win rate of these rules and how they work in the off hours or during high impact events.
Now you know why backtesting is so important and this day trading for dummies course will teach you how to properly create the rules you need.
Why These Forex Strategies?
Any person can come up with a strategy by utilizing 4 or so indicators. However, it takes skill and knowledge to come up with a meaningful and profitable strategy.
In this Forex trading strategies course you will find tried and tested strategies that work and you will see the data that support them. Each of these Forex strategies is different - they work in different market conditions and accompany different trading style.
Takes this course, find your strategy and reap the profits.
- Basic Forex knowledge