LET'S TRADE! LET'S BUILD OUR FUTURE Forex Trading Tips (4)

Finally, after a long time I didn't post the trading tips, I missed it. So now, I'd like to tell you how I gain profit. It's okay to buy or sell a pair based on the trend. If the pair has an upward trend, just follow the market, you buy it! On the contrary if the "change" turns red, or the pair is in negative trend, you sell it. But, I always do this to maximize my profit; I place a pair in both buy and sell. It's an effective strategy when the price suddenly goes down from the uptrend or or on the contrary.

The most important thing to remember in this strategy is to set an "exit-target". So, we make a "profit" target, at least it's a 8 pips to set a target. To do this, just click on an active/ open pair, and then click change, and set an exit target as you wish. Your transaction will be automatically touched when the price touches the exit-target. There is also "exit stop-loss" feature. This lets you close the pair when you gain a loss. It's the same as exit target, it has a minimal spread, that is 8 pips.

We know, that making a transaction according to market condition is the simple way. But, it won't make a big profit. You can double your profit by placing both buy and sell pair. Just remember, all of trading methods contain a risk (and of course a return). I'll tell you about fundamental analysis on the next post. See you......and I hope my post is quite helpful for your forex trading activity :)