Moving Averages is good for understanding also we can get good knowledge about the possible trend reversals that are going to come up in the future. I have tested the 10SMA and 20SMA and found good results in the M15 charts :)
Printable View
I am getting good results by trading the news, I wait for major news releases and then trade according to that. Although I must use my stop loss in case if there is a divergence but still the overall result is good if you only trade high impact news.
I use just trading signals and also believe on this because this is very interested and comfortable for me and therefore i use strategy for my forex activities in my account .
It seems to be a good strategy but I will suggest all the traders specially the newbies to practice this strategy first by trading in demo account and once you are sure about the same then trade with it in real account.
I am getting good results by trading the news, I wait for major news releases and then trade according to that. Although I must use my stop loss in case if there is a divergence but still the overall result is good if you only trade high impact news.
I keep track of nearest support and resistance levels and also act on prices moving towards major moving averages, even if these support or ressitance can be violated there are high chances of getting a reverse swing few times from those levels, these help me determine entry and exit points and make it easy for me to make faster profit.
My best strategy, at least until now, is to trade when the market is in low price and sell if the market is high. When do i know that the market is in the low price and in the high price? I use some indicator like Ichimoku Kinko Hyo, Moving Average, and CCI, and a help from pivot points and daily range.
I will say my strategy in writing: it is simple but you just apply it and after having carefully analyze all apply, so I put a line above the highest candle in the above prices and in also another below this candle and finally another line above the more basic and candle desous to another and you look at the difference of day and analyze them and in this case you can make your purchase and sale.
Strategy that we can utilize for success in forex exchange trading is actually best dependent on our success. The most profitable success that we would have would be with strategies that we can understand.
based on my experience, the best way to take profit from forex is trade on news will releases, because usually effect will move chart price are going to higher, up or down either, the rick to open position is about 10 or 15 minutes after the news appeared. so we can be read where price will move