More at exacttrading.com As my youtube viewers will already know I only trade price and do not use any indicators at all. With this in mind I have created a price action strategy based on price levels. This is a simple Forex trading idea yet amazingly powerful and encompasses all of the trend following ideas that the great traders use. I would like to thank everyone for their kind comments during 2017 and during 2018 in order to thank everyone I am pushing myself to bring better and better trading ideas and methods.
Using price action methods is the way I am able to take money out of the market, price is always king and most people don’t understand why, they prefer lagging indicators.
As most people know my ambition is to grow a group of traders into a trading company who are sufficiently profitable in order to raise serious amounts of money.
Please take a look at this video where I present a very simple idea but devastatingly effective one. Forex trading can be a lot easier than people imagine. With methods like this the Forex market is at everybody’s finger tips and managing money is just one more step beyond this.
Happy New Year to you all and here is to a profitable 2018 to all my followers.
If you like what you see please share the video via social media or give it a like . Thanks !
Forex Momentum Trading Etfs, Trading the Forex Markets with momentum and the one hour timeframe.
The Momentum indicator is a common device made use of for identifying the Momentum of a particular possession. They are graphic tools, typically in the form of oscillators that can show how swiftly the price of an offered possession is relocating a particular direction, along with whether the price movement is most likely to advance its trajectory.
The concept behind the device is that as a possession is traded, the rate of the price movement reaches an optimum when the entryway of brand-new capitalists or cash into a particular profession nears its top. When there is much less potential brand-new investment available, the tendency after the top is for the price fad to squash or turn around direction.
The direction of Momentum, in a simple fashion, can be figured out by subtracting a previous price from a present price. A positive result is a signal of favorable Momentum, while an unfavorable result is a signal of an unfavorable Momentum.
Momentum devices commonly look like rate-of-change (ROC) indicators, which separate the Momentum result by an earlier price. Multiplying this total amount by 100, traders can discover a percent ROC to plot highs and lows in patterns on a chart. As the ROC approaches one of these extremes, there is a raising possibility the price fad will certainly damage and also turn around instructions.
Explanation: Momentum is a vector amount, given by the product of an item’s mass and also rate. If the rate of the object is negative, i.e. the object is traveling in what has actually been chosen as the negative direction, the Momentum will certainly additionally be negative.
Find Relevant Vids Top Searched Forex Momentum Trading Etfs and Financial market news, evaluation, trading signals and also Foreign exchange broker testimonials.
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