A Profitable Forex Strategy

How Traders Can Make A Profit Trading The FX Market

Trading like any other business can be challenging.

Like all battles that are won and lost, they are usually won by those who do their homework and research. However, given a bit of education and knowledge of the market, it can become quite easy to profit in the forex market. Most traders end up learning that it’s the simply systems that create the wealth. Over analyzing and over thinking can sometimes affect your trading methods and strategy.

Download The FREE Forex Course Here Worth $97 

Forex stratergiesThe trading method I am going to explain here is probably going to upset you a little and will most likely go against everything you have ever been taught about forex.

However, you have to remember that this is a strategy and its how other traders profit in the FX market.

It may not work for the next person, but it has many make a way to make a substantial amount of money in the forex market. Through your forex training you might have heard traders tell you to always trade with a stop-loss.

If you don’t know what a stop-loss is, it’s simply an order telling the broker when you would like to cut your losses. I don’t trade with a stop-loss period. How is this so?

How can traders make money without using a stop-loss?

I tend to believe that the big players in the forex market like to drive this market in certain directions to take out other traders stop-loss positions. In order for the banks to make money, they have to take other traders money, therefore taking out stop-loss orders in the market.

Traders should not allow the banks to take their hard earned trading profits.

Secondly, on each trade look to make only a few pips.

In some cases this is known as scalping the market.

With these trades, traders are looking to get 3 to maybe 6 pips or as I like to say, get in and get out.

Your next question might be, “how do I know when to enter and exit the market?” Traders use a set of indicators combined with a detailed analysis of trend lines and channels.

The indicators tell traders when to get in and get out and the trend lines give me the overall direction of the market for the next month to few years.

Having a good idea of where the market is heading over the course of a few years gives traders a good idea whether they are in buy mode or sell mode on a daily basis. How is it possible to survive without using a stop-loss?

Very simply put, do not risk large amounts on each trade. Traders risk Only one tenth of  their accounts balance per trade. For example, I only trade $1 lots on a $10,000 account. What this enables traders to do is use no stop-loss.

If the market moves 200 points no problem.

By the time the market moves 200 points, I’ve already made 100 other trades in profit all for 3 to 6 pips each.

If the market continues to get away from traders, traders continue trading each day gaining which eventually compensates for the few losers and eventually overrides them. When the market comes back in their favor, those losing trades are making a profit every step of the way.

 

5 Tips For A Good Forex Trading System

Forex trading

19 March 2011

5 tips for a good trading system. Ask any successful trader what differentiates those that succeed in making money from those that consistently lose money and time and time again you will hear good forex traders tell you that the system is what makes a difference. Discover in this unique article what the best 5 tips for a good forex system are. [...]

Read the full story

Advantages Of Trading Forex

Forex trading chart

19 March 2011

So what are the advantages of trading the FX market. This article covers some of the most important basics of the FX market and why you should consider trading the fx market. The fx market is one of the leading markets out there - But do you know what they are? [...]



Read the full story

Tips For Choosing Forex Brokers

Forex currency trading

19 March 2011

With so many forex brokers to choose from which broker you choose can make or break your forex profits. In this article we cover some of the best tips to getting the best forex broker for you. You can save yourself hours of work by simply going through this list we have put together when it comes to choosing a forex broker. [...]

Read the full story

Advantages Of Forex Trading

Forex trading software

19 March 2011

Forex has so many advantages when compared to all the other markets, in this article we cover some of the biggest advantages of the FX market and why you should consider trading the FX market if you arnt already doing so. Read the advantages of forex trading here. [...]


Read the full story

Basic Introduction To trading Forex

Forex techical analysis

19 March 2011

So you are new to forex! But where do you start? There is so much to cover when it comes to forex trading that we made this short article which explains the basics of forex trading to help you when it comes to deciding whether forex is the market for you or if forex is not for you. This article will take any newbie and let them know the basics of forex trading but without breaking their bank account. Read more in our basic intorduction to trading forex article [...]

Read the full story

Forex Beats The Stock Market

Forex trading courses

19 March 2011

So not sure if you should trade stocks or forex? Well this brief article will let you know why we and many other consider the FX market a whole lot easier to trade than the stock market, with more than 9,000 stocks to choose from do you really have time to scan the markets and find the right stocks to trade? If not read why we think you should trade the FX market in our Forex beats the stock market article [...]


Read the full story

Sign Up For A FREE Forex Intro Course Worth $97 Includes Videos + Free Video Course Below & Get The Latest FX Market News





  • Forex predator youtube
  • Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


    Forex Predator expressly disclaims all liability for the use or interpretation by others of information contained on www.forexpredator.com. Decisions based on information contained herein are the sole responsibility of the visitor, and in exchange for using the information contained in this website the visitor agrees to hold Trading System Forex and its affiliates harmless against any claims for direct, or indirect, damages for decisions made by the visitor based fully or partially on such information.


    Whatever is the manual trading method, or the automated trading strategy, don't forget to test it first in demo. Also be aware that past performance is no guarantee of future results.