The Forex Trading Strategies I've Used to Make Consistent Profits
If you've been trading for a while, you know how hard it can be to find profitable trading strategies. There are so many forex strategies on the market today, it's very difficult finding ones that work and sifting through all the other ones that don't do squat.
That's why I created this section of the website. This is for the advanced traders who have used a forex broker, know how to trade, know what take profit targets are, stop loss targets etc. If you don't know what I'm talking about then you should not continue with this page because it will be confusing. Please visit our Novice Forex Traders section to learn more.
For the advanced traders still with me, I’d like to share some forex trading strategies that have worked well for me and I think are some of the best out there. As I mentioned in the About ForexBoost section, I’ve tried a lot of different trading strategies, and the ones I’m about to share are the best ones I’ve found. I mention these strategies on the website, but this area explains them more in detail. These strategies are in no particular order.
- Forex Mystery Candlestick Pattern Recognizer is considered one of the best candlestick trading systems available today. This system shows many different candlestick patterns that can be traded for maximum profits.
- Forex Megadroid is the direct outcome Of 38 years of learning and experiencing... From seeing what works and what doesn't... From taking working concepts and honing them...Taking them to the next level.
- FAP (Forex Auto Pilot) Turbo by Marcus Leary is one of the best and fastest day trading strategies we've ever found. The reason I like this the most is like all MT4 EAs, it trades 24 hours a day, 5 days a week automatically, but it trades off of the 1 minute chart!
Tip #1: One very important tip is to never execute any technical trades when important financial news releases are due out. News can cause market volitility and can knock you out of good technical trades. I always start my technical trades when news is out of the way. A great news calendar to use if the Forexfactory News Calendar. I always have this calendar open every day so I know what news events are due out.
Tip #2: I personally do not get into any new trades between the hours of 11am and 2am EST. The best times to trade are the London Session into the NY session. Trading start to get going around 1:30am EST and starts to slow down around 11am EST. Price can be too unpredictable for my taste outside the hours or 2am and 11am EST so I dont' trade. The only time I break this rule is if there's a "tape bomb". A tape bomb is an unexpected news announcement that shocks the market. This can cause the financial markets to go crazy and I don't want to miss out if I can trade it. A great example of a tape bomb was when the Fed announced they did a surprise 50 basis point interest rate cut before the financial markets opened. This was huge and we shorted the dollar immediately once we heard this announcement. A lot of traders made a killing that day. Tape bombs don't happen often but when they do, they're the best way to make easy money in the forex market.