forex

How Does Forex Nitty Gritty Compare With Other Products?

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:51:00 +0000

Well I get sent a lot of forex systems and robots by people wanting me to promote their product, and I can tell you now that most of them are complete garbage. This new product, however, is in a different league to these products because for a start it has been created by an actual trader (Bill Poulos) who has been trading the markets for over 30 years and knows more about the markets than most of us will ever know.
Furthermore for the small price of just $97 (currently $39.97 if you click on the link at the top of this page), you are getting outstanding value for money because not only do you get a complete forex education but you also get a profitable trading strategy you can use to trade the markets (which actually generates profits, unlike most of the products out there).

Is The Trading Method Easy To Use?

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:50:00 +0000

Yes it is one of the simplest methods you are ever likely to come across because it is based primarily on price action. The system is so effective because it always enters trades in the direction of the overall trend and therefore the odds are always in your favour.
The objective of the system is simple. It doesn't try and enter at the start of the trend and exit at the end of the trend. It simply aims to capture a large chunk of the middle part of the trend, which is a lot easier to do.

Who Is The Course Aimed At?

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:50:00 +0000

Forex Nitty Gritty is primarily aimed at beginners but if you've been trading for a while and are still losing money overall, then you should also benefit from this course because not only does it cover all the basics of forex trading and give you some very sound advice, but it also provides you with a profitable forex strategy you can start using immediately.
I've been trading for years but I still picked up a few excellent tips from some of the more advanced training modules and I've also incorporated the trading strategy into my own trading because it is a great little system and compliments my main 4 hour trading method very nicely.

Forex Flip And Go Strategy

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:45:00 +0000

Another day trading method, this is arguably my favourite strategy as it aims to produce consistent profits of around 40 pips and limits your losses to around 15 points or less.
It focuses on the EUR/USD pair, and generates profits by taking a slice of the daily trading range of this pair, and takes advantage of the pair's unique behaviour.
So to conclude this review, I should state that this ebook package detailing three profitable forex trading strategies is of course not the holy grail which so many are looking for (it doesn't exist), and you will still incur occasional losses whichever method you use.

Forex Runner Strategy

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:45:00 +0000

If day trading is more your thing then you may well find this method (and the next one) more suitable. This is another mechanical system that again does not use any technical indicators, but this strategy produces far more set-ups.
Indeed I've had great success using this method just trading the GBP/USD pair during the day, and although not perfect (what system is?), it is a profitable system because it keeps your losses to a minimum and aims to produce a far greater profit with each trade.

Forex Cash Cow Strategy

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:44:00 +0000

This is a great strategy for less experienced traders and those who have full-time jobs because it doesn't require you to be constantly watching the market all day, and is completely mechanical. It basically requires a few minutes of your time at the end of the trading day to look for possible set-ups and then place your orders if the criteria are met.

This is more of a long-term strategy as you will have to be patient and wait for suitable entries (you may only get a handful of set-ups per month), but when you do get good set-ups it's proven to be a very profitable method, yielding 100+ pips profit, and is fairly low risk as well.

Other Forex Trading Strategies

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:38:00 +0000

Finally as well as all of the trading systems and strategies listed on this page, I also have a few breakout strategies that I like to use when a good opportunity presents itself. I'm also constantly testing out new ideas and reviewing the various trading systems that I get sent regularly by product owners who want me to promote their product.
However for the most part it's my 4 hour trading strategy that I spend most time on because this is my core system which generates the most consistent and reliable profits. All of the other forex trading systems are used to boost my trading pot during the quieter periods of the week.

Long-Term Trading Strategy

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:36:00 +0000

I'm not really a long-term trader but I do occasionally open a position if a good trading opportunity arises. I will usually use the daily charts for these trades and will look at a variety of indicators such as the 200 day moving average, the supertrend indicator, established support and resistance levels, fibonacci levels if applicable, and Marketclub's excellent trading signals.
I will regularly post my long-term analysis of the various currency pairs on this blog, but I will only follow this up with an actual trade if I'm really confident about my predictions.

Forex Nitty Gritty Method

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:35:00 +0000

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.
I've been using this method on the 15 minute charts for quite a while now and it has always performed well for me because these continuation trends occur all the time.

CCI Divergence Trading System

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:33:00 +0000

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.

4 Hour Trading Strategy

noreply@blogger.com (forex) — Fri, 31 Dec 2010 03:32:00 +0000

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.

I simply look at the daily trend for a particular currency pair (usually the GBP/USD, EUR/USD or USD/JPY pair) using a very simple but effective technical indicator, then I wait for two EMAs (exponential moving averages) to cross over in the same direction on the 4 hour chart.
I will then enter a position (usually after a slight pull-back) and will employ a two-part exit strategy to maximise my profits. 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'.
Anyway if you would like to read all about my 4 hour trading method, you can access it (for free) by filling in the short form to the right and subscribing to my newsletter.
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. Therefore at times like these I will often employ some of the other trading methods that I keep in reserve: