Simple trading systems

[plane416]

Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.

[fxPRtrader]

Originally Posted by plane416

Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.

What "simple trading systems" are you talking about? I trade with price action strategies and to me that is about the simplest way to trade.

[henryduncan12]

Yes basic plays keys role in trading system. Thus learning basic is must for financial safety. Beginner can read about forex from
http://www.babypips.com/forexpedia/Main_Page
http://www.dailyfx.com/technical_analysis
One more good thing my colleague did is he first opened dummy account at
http://www.avafx.com/. This will help you to practice all basic transactions.

[FXEQBDRE]

When I started out, I liked watching what other, successful traders have done from http://www.forexpros.com/directory/traders. Since then I became much more of a Fundamental trader than a Technical trader.

Buy a Currency that seems to be undervalued, or one you can make money by trading USD to EUR to a currency and profit, or vice-versa.

[henryduncan12]

Originally Posted by plane416

Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.

Yes right learning basic is always appreciated. I am beginner and i have been advised to learn basic first, read e-books from various sources like http://www.avafx.com/Ebook/ for eg. It is even better to open demo account first to understand all transaction properly.

[Megha]

Originally Posted by plane416

Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.

plane416. You are right but right now people want shortcut to get more successful but I don’t know why they forget to spent some time to get idea about learning basic about trading to save them money.

[flogger]

Originally Posted by plane416

Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Either way, do not skip those strategies as they will preserve consistency in your learning progress. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.

By any chance, is this something automatic or like semi automatic?

[Angelnish]

Follow the data for your currency pair(s) - Know what data is pending for release. Volatility often increases dramatically when these releases occur. The safe strategy is to exit your positions prior to major releases... this is the way many of the larger accounts handle these situations. Data releases can often cause a change to the trend. Take them seriously.

[unclegober]

Originally Posted by Angelnish

Follow the data for your currency pair(s) - Know what data is pending for release. Volatility often increases dramatically when these releases occur. The safe strategy is to exit your positions prior to major releases... this is the way many of the larger accounts handle these situations. Data releases can often cause a change to the trend. Take them seriously.

it seems you are a fundamental trader. I think an understanding of fundamental analysis can not be as simple as spoken. The simplest thing we can get to the technical analysis. Especially for scalper trader, is definitely used technical analysis

[PapiaKhatunAsha]

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[PapiaKhatunAsha]

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[dangtrader]

When I started out, I liked watching what other, successful traders have done in Hotforex webinars. Since then I became much more of a Fundamental trader than a Technical trader.

Buy a Currency that seems to be undervalued, or one you can make money by trading USD to EUR to a currency and profit, or vice-versa.