Forex Trading

The Complete Series!

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.

Heikin Ashi Trader also discusses why traders who specialize in forex trading tend to trade only one strategy at a time. They do this because they believe it is superior to other trading methods. Unfortunately, this approach makes them vulnerable to the ups and downs of this single strategy.

However, by distributing profit and loss over several strategies, the trader creates an indifference towards the series of losses of every single strategy. If he looks at it as investment security in his portfolio, just like a stock or a fund, he gets a more objective view on what is going on in the markets.

Part 1: Two round number strategies

Introduction

Strategy 1: The round number strategy

Strategy 2: The Stop Hunting Strategy

Consider forex trading like a probability game

Part 2: Two strategies with weekly pivots

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 is not going well?

Part 3: Trading with the Weekly High and Low

Introduction to trading with the weekly high and low

Strategy 1: Chase the Weekly High and Low

Strategy 2: Weekly High and Low Stretch

Practical questions

Part 4: Trade several strategies simultaneously

1. Why you should trade several strategies at once!

2. Less volatility in the capital curve

3. How many strategies should you trade simultaneously?

4. Is it possible to diversify, even with small accounts?

5. When should you start using leverage?

6. Forex trading is a business

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.