Wednesday 19 February 2014

Forex Best Strategy.

Forex Best Strategy.

Now a days,everyone is in search of some best strategies to earn some decent money in Forex market.I have tried many methods and strategies in my Forex trading career but all of them gives you only 60% winning results.But finally I found a method of trading which works up to 80%.Today I am going to share this with you.
As you know that the Japanese Candlesticks are being in used for a long time.About 80% to 90% traders use these candlesticks to trade.Each candle shows its own special features.These candles indicate the current trend of market.These candles work best on H 4 chart but you can use them on any time frame.
Now its time to introduce my strategy.This strategy also depends on candlesticks.Let see the chart below :

In above images it is clear that after the formation of mother candle,the small candles start forming known as mother candle's children.After the formation of few children,the market suddenly broke the the upper resistance level and went up.If we have a pending buy order at resistance level we can easily take 30 pips profit.Similarly the market can break the lower support level and in that cause we can take profit by placing pending order of sell.Usually we can easily take 30 pips profit by using this strategy,but remember to place your stop loss before placing the take profit.
This is a good working system you practice it well on demo account and then go for real trade.Enjoy.

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