Submitted by: Jayte Molina

I m writing this article after I spoke with one of my traders recently and she was asking me regarding how to locate high probability trades to profit from the markets.

Forex strategy trading requires you to follow your trading plan, be disciplined, and only trade high probability trades.

Most Pro traders use simple strategies with strict money management to help them achieve their trading goals and profit consistently from Currency trading. In this section of my Forex strategy trading tips series I ll be sharing 3 easy methods I personally use to help me select high probability trades.

Never opposed to the market current: Regardless that I do use many custom indicators and trading strategies, nearly all of my trading continues to be based on basic trading principles. I always respect the overall trend and don t try to go against it. I also respect strong support and resistance levels because they represent the region where demand and supply meet. The foreign currency market is bigger than us and even for those who have millions of dollars in your trading account it is just about impossible to ever manipulate the market and make it go your way.

Take advantage of the K.I.S.S Principle: The KISS principle stands for keep it smooth and simple . Among the best techniques for getting confused, commit mistakes, and lose money is by using complicated trading strategies that you simply don t really understand. I have been trading the markets for years and I still don’t use anything but very basic (but extremely powerful) trading strategies that allow me to make the type of returns I expect from Currency trading. You will find a Forex myth that claims that complex Currency trading systems are better and earn more money than the simple trading systems. This is not always true. I know some very successful traders who don t use more than a set moving averages and a MACD indicator to enter the market and make money from it. So don t forget regardless of what system or strategy you choose to use always keep it simple and running smoothly.

Concentrate on your trading strategy and plan & ignore all the noise : The foreign currency market is full of opportunities. There are many Forex robots, indicators, strategies, mentors, signal providers, etc… However, the actual challenge is to filter the good guys from the bad guys and often all the noise caused by other traders or companies can distract you tremendously.

This happened to me initially when I first started. When I got started as an Forex trader I was trading with several professional Forex traders who all trade in many different ways. This made discovering my trading personally and my trading style very difficult. Nevertheless, I understood that if I wanted to become a professional trader I was going to have to perform analysis and trade based on my personal judgment, not someone else s.

In summary, I strongly believe that anybody who aspires to become a profitable trader needs to develop themselves as traders and trade determined by their own judgment (even if you use someone else s trading system, you are the person who must make the system work!).

Over the next few days I will be teaching more Forex strategy trading tips straight from my Foreign currency trading vault.

To your trading success,

Jay Molina

About the Author: JM is an advanced Forex trader that helps other investors around the world to learn about the Forex market and its rewards and risks.To learn more forex strategy trading tips visit the link:

myfxinvestment.com

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isnare.com

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