Trade Forex is risky but if you found a “holy grail” you'll easily triple your money in just one trade!
Today I would like to share with you guys a simple way to trade FOREX like pros!. I learn this skill from a FOREX forum named forexfactory.com
. This skill is work for me, and i hope all of you will practically doing it.
The skill called SRDC by Orange Roshan- support resistance daily chart. This is the simplest way i ever knew how to trade FOREX like pros! Ok, what we will do?
- Open your daily chart candlestick
- Put horizontal line for high-low of yesterday price
Ok, that's it. You only have to do 2 things!
When to enter trade?
According to Orange Roshan, you can enter trade if the price penetrate yesterday high or low price. Take profit 5 pips only, but if you make an analysis using previous daily chart, you can see that to get 5 pips is easy! So i suggest that you trade using half of your capital. Even though you only get 5 pips only, but with large amount you'll get big return also.
Forex Broker ?
This skill can be used with all FOREX broker software in the world !
Just remember that what you need to do is to put horizontal line for yesterday High and Low price only.
If you can't monitor the price movement for the whole day, the better way is using pending order. Put your order and leave!
