Topic: Forex trading styles
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I love Forex. Forex has a high volatility and is open almost 24/7. I have different styles for every instrument I trade.
When trading Forex I go for intraday trading, opening and closing positions a number of times per day using technical analysis. I do not trade the news in Forex, because news volatility is too high and sometimes not predictable enough. Could make you lose a lot of money if guessed incorrectly.
What I do is using MetaTrader 4 and opening two graphs of a currency pair that I trade. I do not trade a lot of different pairs per day, max. 2. I open one at a timeframe of 15 min and one at 1 hr. I then use two Boilinger Bands with periods 10 and 20. I always use candle sticks with the right colors. Somehow this setup predicts the market pretty well. You should try it out. I only trade small amounts in Forex, because of the high leverage and volatility.
Tell us about your method, how do you trade Forex, why and how has it been going?
If you have any questions, feel free to reply on this topic.
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