Simple Forex Trading Strategy

1. Check For weak/strong Currency Strength

• Choose one Pair based off the Strongest and Weakest Currency
• Check the Forex News For Red Folder news
• -Do not Trade Red folder Currency Pairs

2. Keep your customized trading plan in clear site. This will make it easier to follow.

• If you do not have a trading plan, YOU NEED TO CREATE ONE AS SOON AS POSSIBLE!!!

3. Refer to Trading Strategy For Trade Entry and Exit.!!!!

Remember to focus on PIPs and not Profit. The profit will come with experience and positive trades,

Only Risk a certain percentage of your trading account per day.

If you lose a trade go back to demo and practice.

Do not open a new trade in your actual account within 24 hours of a lost.

Do your best to not close trades early. Proper preparation will cut the the risk of losing a trade. Trades need room to breath, so they may Retract in the opposite direction before going in the direction of your trade.

Use a higher time frame to find Support and Resistance  levels

Use lower time frame Charts for Entry Points.

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This is a quick and easy way to enter and exit trades using Fibonacci

This is a quick and easy way to enter and exit trades using Fibonacci.

I would suggest you use at least one more indicator for confirmation.

This strategy will work for uptrend and downtrend

0% to 38% is the no trade zone for me.

Enter at 38%

Tp1   61.8%
Tp 2  100%
Tp 3  161.8%

Use your own Risk Management Plan for S/L.

How to use forex indicators to enter and exit trades!!!