Forex Trading: PROVEN FOREX TRADING MONEY MAKING STRATEGY - JUST 15 MINUTES A DAY (Forex trading strategies, Fx trading strategies, forex trading for beginners): For Beginning and Struggling Traders by Caroline Ayuk

Author:Caroline Ayuk [Ayuk, Caroline]
Language: eng
Format: epub, pdf
Published: 2017-01-24T06:00:00+00:00

Candles at the end of the day shows the visual representation of what happens during the day. If price closed above the open, then the bulls (buyers) are in control for that day. The blue candles are bullish.

On the other hand, if price closed below the opening price, it indicates that the bears (sellers) dominated the day. The white candles are bearish days.

Your job as a trader is to find the dominant group at the right time and trade with that group.

I use the MT4 trading platform and it has many in-built indicators including the three that are used in this strategy. There is no perfect indicator however we have discovered that the combination of these three indicators work best for this trading strategy. Together with price action, they will keep you out of ranging markets and let you get in when a trend is developing. The Linear Weighted Moving Average, Bill Williams’s Fractal and the OsMA are the three indicators that we use in this system.

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