A year ago I ventured into the Forex market where I tried and tested many different types of trading methods. Most of these methods were unsuccessful, with few of them achieving some success. From my experience, traders who make profits in the forex market will never reveal their Forex Scorpio Code Vladimir Ribakov trading system, simply because you have to lose someone so that you can make a profit.
Currently I am using two trading strategies and they work well with me. I started using a demo account less than a year ago and I tested with it the usual trading methods in fundamental analysis and technical analysis. Technical analysis seems to be easier for a trader who does not have enough experience, so he only needs to look at the chart rather than follow the news. Some technical indicators such as MACD, Vipo Nachi and RSI have been used to evaluate the market and predict price action. I do not need to say that I was successful working with the demo account but when I started trading on the real account, the fear factor overlapped my trades and I could not succeed in trading despite using the same methods that I spent about four months developing on the demo account.
I felt growing pressure on me as it did for many. I started looking for forex recommendation providers to reduce stress and also time spent analyzing. After taking great care in testing a number of forex recommendation providers I was able to find a package for a forex trading program that I could trust as it provided excellent trading signals. Indeed, I was surprised by the success of the recommendations I got from this provider. The only difficult thing I have encountered is how to achieve self-discipline by implementing all the recommendations made by the Forex Scorpio Code Review program whether approved or not. In the end, the company she chose had a record of success for three consecutive years.
Now that I have earned a good income through regularity with the recommendation provider I mentioned I decided to open a second trading account I am trying to reuse my trading system. At this stage I only discovered how successful this system was when it came to achieving 30 to 50 points quickly in the Forex market.
I have been trading in this market for more than a year and I noticed that the market is moving mainly on speculation. These speculations are based on fear and economic news such as CPI and retail sales. I noticed that between 4:30 am and 8:30 am, important data is often released in major economies such as the eurozone or in major currencies such as the euro and the British pound. The market is moving immediately after the release of these major economic news. Which, for example, at 4:30 am and was related, for example, to the pound sterling, the market is usually moving at the time of the news between 30 and 50. Up or down. What I started doing was doing business based on these economic news. Where I waited for the news to be released and then I enter the trading deal when the price moves seven points from its current level and 15 seconds before the news. The stop loss level should be placed at 10 pips above or below the current price.
The idea of using this method is to choose the right time to enter and to commit yourself to discipline in determining a very narrow stop loss where it should not exceed ten points in any transaction you enter. This may be the reason for the success of this strategy in all cases but if you enter too early or too late you will fail to predict the direction of the market. However, when you execute Forex Scorpio Code Vladimir Ribakov strategy accurately, you will find that your winning trades will outweigh the losing trades because you will earn between 30 and 50 points while losing 10 points only if you are unhappy. I have been using this method for five months and still work with me with all success.