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Monday 3 December 2012

A Guide To Consistent Profits Using The Forex Morning Trade Strategy!


The Forex Morning Trade Strategy is a very Simple and Easy to understand Forex Trading Strategy. It takes Advantage of the Range Breakout at the Open of Major Financial Centers like the London and New York Forex Trading Sessions.

I’ve had the Most Success using the Forex Morning Trade Strategy to Trade the London Open. This Trading Strategy is used on the 5 Minute Time Frame Chart of your Choice Currency Pair.

Follow the Steps Enumerated Below to use the Forex Morning Trade Strategy to Trade any Currency Pair.

Step #1

Use Horizontal Lines to pick the Highest high and Lowest low of Price action after the first 30 minutes of the London Open.

Step #2

Place a Buy Stop 3 Pips above the Highest Price and a Sell Stop 3 Pips Below the Lowest Price.

Step #3

Set a Profit Target that is half the number of pips in the range of the first 30 minutes of the London Market Open.

Step #4

Watch which of the 2 Pending order is first to hit and cancel the other pending order that doesn’t hit.

Step #5

Set your Profit Target as Half the Number of Pips in the Range.

 

You’re Done for the  Day, Trading with the Forex Morning Trade Strategy.

That’s it people Try this Strategy on a Forex Demo Account and when you get a hang of it, and it becomes sort of a reflex and

Don’t Forget to use Proper Money Management while Trading. Cheers…

Forex Coach,

Anas Abba

Discover My Amazing Breakthrough Formula

That Helps Siphon Loads of Cash To My Bank Account

From The Forex Market

 
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Anas Abba is an Active Forex Trader and Fund Manager at DigiTrix Fx Firms. His "Crack-the-markets-with-your-mind" Style of trading has helped 100+ of Aspiring Forex Traders all over the world achieve their dreams of Financial Freedom Through Currency Trading. Connect With or Join His "Schooling Y'all on Forex" Community to get The Hottest Forex Trading Tips, Techniques and Strategies.

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