I’ve been trading the forex markets for several years now so I’ve developed quite a how to read a forex trading chart different systems in my time. However there are some that are more profitable than others, so let me share you with you some of my most profitable forex trading strategies. I created this trading strategy myself and have been using it for several years now.
This one system has generated more profits that any other system I have ever used, and yet it’s surprisingly simple. One half of the position will be closed out early for a safe profit, and the other half will be left to run for as long as possible in order to capture those really big price moves. As I say, this particular forex trading strategy is highly effective, as regular readers of my blog will know because I share my trading results every week in my ‘Weekly Trading Updates’. The only problem with trading this strategy is that there will always be quiet periods and particular days where you know you are not going to get any set-ups on any of the major currency pairs. This is a forex system that I’ve recently created and it basically uses the popular CCI indicator with two different settings. The key here is to wait until there is divergence between both of the CCI indicators at the same time because this will give you a set-up with a very high success rate.
You don’t get that many good set-ups per day using this trading strategy, but when you do, you are likely to make some decent profits because it is a very high probability set-up. I have discussed this particular strategy elsewhere on this blog so please click here if you want to find out more about this CCI Divergence Trading System. I’ve just started using the three day trading methods included in the Forex Income Engine 2. I’ve always been quite sceptical about many of the short-term forex methods that I come across, but I’ve been very impressed with these three methods so far because they do actually produce some very good returns. Anyway if you would like more details about each of these methods you can read all about them on my Forex Income Engine 2. This trading method was included in the Forex Nitty Gritty course and although it is a very basic method, it is actually surprisingly effective. The goal is to look for pairs that are in strong upward or downward trends, wait for a pull-back, and then enter a trade if the trend continues.