1. Forex Trading Systems for Beginners
http://www.FishingForexPips.com By James TaylorCopyright by James
Taylor - http://www.fishingforexpips.com/ All rights reserved.
2. Forex trading, simply put, is the act of dealing,exchanging,
buying and selling currency inorder to increase the value of a
selectedcurrency for profit. Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.
3. This article will briefly discuss a simple Forextrading
system known as the 4 weeks rule bywhich an individual can take
advantage ofseveral Forex trading techniques, methodsand strategies
in order to maximize gain andminimize loss in the long-term and
then moveon to explain how best to go about Forextrading. Copyright
by James Taylor - http://www.fishingforexpips.com/ All rights
reserved.
4. Before we start it must first be stressed thatone Forex
trading system will not work foreveryone. In most cases one system
is crossreferenced with another in order to increasethe probability
of success and minimizeunnecessary loss from false trends or
ill-timedentry and exit; Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.
5. not to mention the fact that one system willwork better for
others because he or she is abetter fit for that system. First,
currency that peaks into a 4 weeks highshould selected then the
trader enters thatparticular market, holds the position until
itdips into a 4 weeks low, at which time thetrader liquidate the
long and goes short. Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.
6. Keep doing the same as new four weeks highsand 4 weeks lows
are hit, making sure to keepan open position in order to be in the
perfectposition to catch a trend when it breaks out.Why does this
work? It works because it takesadvantage of 2 simple Forex trading
truths. Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.
7. First a simple trading method is tougher tobreak and every
currency in the marketcontinuously trend in the long-term but
thebest type of trend for profit are those that atrader rides from
the start-up to the finish. Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.
8. Does this sound logical to you? Well if it doesthen read on,
if not then read again and againuntil the logic sinks in. Remember,
even thesimplest Forex trading system should be readat least thrice
in order for the concept toproperly sink in. Copyright by James
Taylor - http://www.fishingforexpips.com/ All rights reserved.
9. Now let us say the consumer does not believethe long-term
profit is worth the drawbackperiod? Then go back to the basics and
usefilters and carefully read signals to cross-reference the best
time to enter and/or exit aparticular market. Copyright by James
Taylor - http://www.fishingforexpips.com/ All rights reserved.
10. For example, Mr. A instead on relying solelyon the 4 weeks
rule will augment the samewith the Relative Strength Index (RSI) to
makesure that prior to entry the trend is actuallystrong and true.
Copyright by James Taylor - http://www.fishingforexpips.com/ All
rights reserved.
11. Using the Exponential Moving Average (EMA)may also be
possible to determine the averageclosing price of a currency within
a specifiedperiod of time for a proper exit strategy. Copyright by
James Taylor - http://www.fishingforexpips.com/ All rights
reserved.
12. What all these means is that beginners inForex trading
should concentrate on the basicsand then slowly expand their
knowledge basewith training and experience to be able to
puttogether their own simple Forex tradingsystem. Copyright by
James Taylor - http://www.fishingforexpips.com/ All rights
reserved.
13. FREE Forex Strategy To Make Hundreds Of Pips! Free Gift:
Fishing Forex Pipss Indicator System [ Worth $197
]http://www.FishingForexPips.com/Copyright by James Taylor -
http://www.fishingforexpips.com/ All rights reserved.