FREE DOWNLOAD 5 Best Trading System for Full-Time Forex Trading – Traders say that full-time trading just means that you’re a part-time trader and a full-time backtester. In a way, this is true.
Full-time traders know that you can’t make your living off of one good strategy alone. Not only do you need to have a strategy that has proven to be profitable for you, but you also have to have other equally qualified methods that would work for other trading conditions. After all, you never know when and for how long the market trends will shift! And below are 5 Best Trading System for Full-Time Forex Trading.
Forex RSI and CCI Trading Strategy to Make Consistent Profits
Forex Consistent Profits – The CCI approach is a retracement strategy used primarily for trend trading strategy. It is therefore import to find the markets current direction.
One of the hardest steps a trader must take before scalping their favorite Forex pair is creating a strategy. While strategies can range from the complex to the mundane, creating a plan for trading the market does not have to be needlessly complicated.
Today, we are going to review a simple Forex RSI and CCI Trading Strategy to Make Consistent Profits that can be used for scalping trending Forex currency pairs.
Forex Pivot Point Support Resistance Trading System with Market Volume and MACD Indicator
How to make forex trading decisions based on volume – High Accuracy and Easy Forex Pivot Point Support Resistance Trading System with Market Volume and MACD Indicator.
Volume is required to move a market, but it’s a particular type of volume that really matters: institutional money, or “smart money,” which is large amounts of money being traded in a similar way, thus affecting the market greatly.
Only volume shows when price is being affected by this type of activity. Knowing how institutional money operates, we are able to track those traders and trade along with them, so that we’re swimming along with the proverbial sharks rather than being their next meal.
Forex Easy Successful MACD Scalping Trading System and Strategy
Very Easy Successful Forex MACD Scalping Trading System and Strategy – Choose This MACD Scalping Methodology And Be Consistent.
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.
The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the “signal line“, is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.
Forex Multiple Moving Averages and Momentum Trading Strategy
Multiple Moving Averages and Momentum Trading Strategy – A trading system is based on 4 indicators: MACD Candles, FX Graphics, FX CMA, and Momentum.
The main principle of trading in the financial markets – to understand the indicators when you open positions. Use these indicators to confirm a high probability of successful trades. This particular trading strategy will show you trading oppurtunities in two market conditions: trending market and volatile market.
Fantastic Swing Trading Forex Trend Turtle Channel System Lead To Big Profits
Swing Trading Forex Trend Turtle Channel System – The turtle channel was originally designed by Richard Donchian as a technical indicator to be used for breakout trading. The channel is created by plotting both the 20-period high price and the 20-period low price, along with an average of the two prices that serves as a centerline within the channel.
The original strategy that Donchian used with the channel is to buy or sell breakouts above or below the channel. However, the turtle channel is also used by traders as a simple trend-following indicator because it typically does a very good job of encompassing both high and low price swings within a long-term trend.
In forex trading, once a trader identifies an overall uptrend by using moving average indicators or an upsloping angle of the channel itself, confirmed by average directional index (ADX) readings above 23 indicating the existence of a genuine trend, the trader looks for a trade entry point near the lower band of the channel, placing a stop 10 to 15 pips below that lower band. The trade position is held until there is a downside breakout of the channel or until price reaches a targeted profit level.
NOTE for Full-Time Trading
Forex trading is your passion – Trading currencies is what motivates you to get up and get busy every morning. If you’d rather trade the RBA statement than watch the NBA finals or visit the PBoC’s economic calendar than the Great Wall of China, then do yourself a favor and trade full time. No sense in not doing what you love, right?
Remember that while full-time trading would provide you more opportunities to catch market movements, you don’t need to be a full-time trader to be consistently profitable. In fact, I know of part-time traders in the BabyPips.com community that are better than some full-time traders! In the end though, it just boils down to how much money, time, and effort you’re willing invest in your forex trading career.