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Forex Trading - Part 2: Two strategies with weekly pivots - cover

Forex Trading - Part 2: Two strategies with weekly pivots

Heikin Ashi Trader

Publisher: DAO Press

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Summary

Forex trading
 
Part 2: Two strategies with weekly pivots
 
This book is Part 2 of the series "Forex Trading", by Heikin Ashi Trader
 
As is well known, currency markets are determined by the news. However, since news is rare, most currency pairs move sideways 80% of the time. In other words: it is very difficult to trade currencies profitably with trend strategies. The "Forex Trading" series, therefore, deals with strategies that are specifically designed for sideways markets.
 
The "Pivots" in Forex are an interesting phenomenon because here, more buy or sell orders are waiting to be executed. Anyone who studies charts of currency pairs will find that the market often turns at these so-called "pivots" and starts to move in the opposite direction, at least temporarily.
 
In this short eBook, Heikin Ashi Trader introduces two simple forex strategies, using the weekly pivots. They are easy to understand and implement (even with small accounts). These two methods are therefore excellent for traders who are looking for forex strategies that can be successfully traded without the need for much analysis.
 
Table of contents
 
How to trade the weekly Pivots
 
Strategy 1: Trade the Pivot
 
Strategy 2: The “last 20 Pips” Strategy
 
Should I change the parameters if trading isn't going well?

 
About the Author
 
Heikin Ashi Trader is the pen name of a trader who has more than 19 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.
Available since: 03/25/2020.

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