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In this article, we will look at the best Forex trading strategy for making big profits with low risk and even better the strategy is easy to understand and apply and great for novice traders. The Forex trading strategy we will look at in this article is based on swing trading which is a timeless way to make profits - so lets look at the method in more detail. Swing trading is based on the simple concept that traders respond to the emotions of greed and fear and when these emotions take hold traders crate short term price spikes which prices to far to the upside, in a bull market and to far to the downside, in a bear market. If you look at any Forex chart you will see these price spikes and you will also notice that there short lived and prices soon return to more realistic levels which reflect the supply and demand situation. The objective of the swing trader is - to sell into greed and buy into fear and make a quick profit but you need to do this correctly and now. we will look at a simple Forex trading strategy which will help you do this and make you some great Forex profits. - First, look at your charts for a short sharp acceleration of price on a chart. Next you need to see how overbought the market has become and for this you need to use some momentum oscillators. - There are a number of momentum oscillators and they will help you see visually, how overbought the market is - if it the currency you are looking at is overbought, you need to decide when to enter the market and for this, you need to wait for momentum to diverge from price. - As soon as you see prices still rising, as momentum starts to fall - execute your trading signal which is a warniong the trend is about to change. - Place your stop above resistance and place a target, where you want to take profit above a nearby level of support - don't wait for support to be tested, get out early and take your profit with you. If you wait for support to be tested, you risk a rebound against you so get out early and wait for the next trading signal. - Always keep in mind, that the more overbought a market is - the better the trading signal will be, when it's triggered so always trade extremes. So above you have a Forex trading strategy based on timeless logic which works and will always work, because trader make the price of any currency and their emotions will always push prices to far to the upside or downside. If you want to enjoy currency trading success in 30 minutes a day, there is no better Forex trading method to use than Forex swing trading. So learn how to swing trade and get on the road to currency trading success. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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