Forex - simple or complex?
Hello everybody!
Welcome to my post. This article will be more useful if you have ever known the forex and have tried many trading methods that have not brought success for you.
I have been training in forex trading classes, but the methods I learned are too complicated. So I spent a very long time looking for a new method. The process of finding my simplicity has got results. And now I'm here to share with you that knowledge.
In forex trading, the most important thing is managing money. However, a matter of no less important is trading psychology. You need to control your emotions and know how to deal with the different market price signals.
You know that there are many different methods of buying / selling. We need to choose a suitable method and only one. Do not use multiple methods at the same time, which will distract you and make you doubt the correctness of the method you are following. Using a proficient method can help you make money, but using a variety of methods can cost you money. So, if you have not been successful in this field or have been successful but are struggling with it, try removing old knowledge and try this simple method with me.
Let's start.
The indicators I use are EMA12, EMA36, EMA200, RSI, Stochastic and trend line.
The time frames used are H4, D1, W1, mainly H4. The method on my order is day trading and I am a day trader. I only use technical analysis instead of using news analysis.
In order to practice the technique, and to practice the psychology of dealing with this simple trading method, in this first post, think about what we will do when the signal satisfies the position I marked in this photo?
We notice that there is a down trend ahead. When prices pass this trend line, your action simply waits for it to return and performs a buy order.
If you see price going through the trend line, you rush to make a buy order, your order is stoploss is very easy to happen, this will cause you to lose money.
With 3 times tp, you absolutely guarantee yourself a win position.
This is one of the skills needed. If you are interested in this field, leave the command and follow the next posts.
Thank you!
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