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There is no trick as far as forex trading is concerned. Neither is it tricky in any way. But, if you don't give in time to learn how the market works and how the market functions. It is going to be tricky for you. Learn when to trade, consider volatility factors. Know which sessions to trade...
The rules for using this indicator is as follows;
1- Use 5 minute candle timeframe or 1 minute candle timeframe. (I would recommend to use 5 minute)
2- Take a trade immediately after you find an arrow pointing up or down.
Same can be said with heiken ashi. If you know how to use it, it can be used for trading in higher timeframes alongwith MACD, RSI and two moving averages.
Only rigorous backtesting can determine whether a particular expert advisor will work or not. Personally, I rely on forward testing rather than backtesting. Even if you see a profitable ea while backtesting, be sure to try it out in demo first before moving to real account.
Start from price action strategy. There is nothing better than leaning that. Whichever strategy you learn, stick to it and keep applying until you get master it. Learn one strategy and master it. That should be the goal.
Possible but hard. Unless you have an in-depth knowledge of price action and you follow a trading plan according to which you set your daily goals, it's hard but not impossible to achieve 20% return in a month.
Ofcourse, you can make money in forex provided you are really determined to learn price action, have a trading plan and have a money management plan. Also, a good broker is required with certain factors to be taken into consideration like broker spread and swap among many others.
If you really wanna make some money in the markets, then be determined to learn. Learn what is the basic of market strategy. There is nothing more powerful than human brain. So, read and read until you learn. Ask if you have any questions. The price action pdf file is attached below.
Thank You.
First, try to help others and then only you'll be helped. You'll have to post atleast 10 times before you can download. Kindly read the welcome email sent by admin.
I am going to post an indicator which can be used for trading binary options on short timeframes, provided you follow all the rules strictly:
Candle Timeframe- 1M Expiry- 1 minute
1- When buy or sell arrow appear 30 second before on current running candle(candle timer attached in files)
In this...
Using indicator for forex trading has its own pros and cons.
If you don't know how to use an indicator it will eventually lead to losses instead of profits. Hence, it's always better to test the indicator on demo for weeks before using it on real account. Also, backtesting on different charts...
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