Simple Forex Trading Strategy
Almost every successful trader when he was asked about his strategy, he said “Keep it simple”.
If we look, then the strategy used by successful traders is a simple strategy. This means the strategy is not too complicated and easy to use as an example you can learn the simple way through Vortex assets.
Is it possible for a simple forex strategy to generate profits while a complex is not necessarily a profit?
Very likely! Even more likely when compared to complex ones. The reason:
Simple strategy does not make traders confused, thus minimizing the occurrence of mistakes made traders. Simple strategies do not get traders trapped in the focus circle of analysis. A simple strategy facilitates trading of a trader so as to keep the mental from damage. You can learn a simple strategy through platforms like Vortex assets.
Therefore for those of us who currently use complex but not yet productive strategies, immediately switch to using a simpler strategy. Elements in the simple strategy is one of them is simple analysis. So a simple strategy is usually more focused on the strength of money management.
Example of a simple strategy:
- Simple blind strategy
The rule of thumb is to select a currency that moves in length, for example GBP / USD. Then open the hour time frame chart. You need to know that the average movement length of GBP / USD 1 hour is 30 points.
How to play:
Open position in every new open price is formed based on the previous candle type. If the previous candle is bullish, then when the open price is formed we open the BUY position and vice versa with the target profit 10 points and stop loss 10 points, and lot size 0.1.
Because of the 30 hour movement per hour, then when only targeting 10 points must be achieved.
If the results of the transaction win, please do continue to repeat. But if the result is lost then you can use martingale system until you profit.
- Simple analysis strategy
The way the game is almost the same as a simple blind strategy, which is different is its entry point. In this simple analysis strategy the entry point is a signal from the analysis of a simple example:
– Buy when the parabolic sar signal appears below the chart, and sell when the parabolic sar signal is above the chart.
That is an example of a simple forex strategy that can be applied to our trading. By using a simple strategy make sure our forex trading is more profitable. You can learn it easily through the Vortex assets website.