Forex Trading Tutorial: Tricks and Trades

Forex Trading Tutorial: Tricks and Trades

There are several profitable strategies available for forex traders. Most costs a fortune. Mine is free to grab. Apply them at your own risk but it seems to work for most followers. I will publish my forex trading tutorial / experience later for profits. Right now my suggestions are considered a beta version.

Scalping is a terminology used when a trader is strategizing to make small profits while exposing a trading account to minimal risk,which is due to quick open/close trading method. Using this strategy with 10-20 pips plus spread per demo trade before going live with it is the best forex trading tutorial advice. This is a simple and easy to use strategy you could apply from the start and see how it works.

Good trades are during morning trades between 9-noon London trading session and bad trades are afternoon trade(New York trading session) between 2-4 pm London time.

No news means good news for technical traders (nothing is affecting the currency). When trading using technical indicators make sure to close your open trades 10-15 minutes before news comes out, or enter into a position 10 to 15 minutes after news has been released.

The set up:
insert on your chart exponential moving average to 4,
linear moving average 10,
Modify moving average convergence and divergence indicator (10,24,7)

signal:

Buy when the exponential moving average 4 punches through the linear moving average 10 going up and,also confirm with moving average convergence and divergence indicator punching through its zero line.

Sell when the exponential moving average 4 punches through the linear moving average 10 going down,also confirm with the moving average convergence and divergence indicator going below its zero line.

Tune in to more tricks and trades in forex trading tutorial. Best yet, Forex Robot was written with scalp trading logistics in mind.  Read my previous forex trading tutorial.