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The Forex trading strategy we are going to look at here is not complicated and anyone can do it, but if it is executed correctly it can make you triple digit gains or more with very little effort or monitoring.
So here is your simple forex trading strategy for big gains.
Fundamentals
The first place to start is with the fundamental supply and demand situation.
This sets the tone for the longer term trends that last for months or years and these are the trends you want to be in on.
Currencies move in line with these fundamentals longer term and you are really looking for strong GDP growth. If you look at the currencies that did best against the Dollar this year its countries with strong GDP and Australia led the pack against the dollar.
Two Countries that have economies that doing well compared to the US at present are Australia and Canada and these are set for far higher prices into year end.
Getting I
Currencies trend for years we all know that but its getting in on the trends that is the hard part and your aim is to get in and then simply hold the trend.
Any currency that is bullish will become overbought at some point and break and when these breaks come you buy them
Use Sentiment tools
Always use these two sentiment tools
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3.22 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
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