Trade Forex online with a user-friendly trading platform

In an earlier post I have written an example of how to trade step by step at the trading platform PLUS500 and how a trailing stop works. 

The trading platform at PLUS500 is simple and user-friendly and is perfect for both newbies and  traders with advanced skills.

In my posts I have used some of the indicators PLUS500 offers. Some of the indicators are the Bollinger Bands, the stochastic, MACD and the alligator indicator and are as mentioned all indicators that are available on the trading platform.

In case someone should be interested in trading at PLUS500 and want to try the platform with the free bonus they offer for online trading click the link PLUS500.

How to to take advantage of psychology trading in the Forex market

Psychology trading is methods to bring traders in control with themselves and learn them to trade in their “own best interest”. 

  

The purpose is to change a bad habit or a thought process. Examples could be

• How to stop a trade thatis not a winning trade and how to accept that a wrong decision was made
• How to improve skills toenter a trade

A technique to change a bad habit or a thought process is through visualization. Visualization is to see the trade through a theater play in your mind.

An example could be how to improve skills to enter a trade. In this case the trader could in his mind go through the trade from the entry point to the exit point and see how the trading rules are reliable.  The visualization convinces the trader that the rules are steadfast as he has influenced his thinking that the rules are trusty.

Interested in the subject take a look at the articles Forex Online Trading? HowVisualization Techniques Can Improve Skills To Enter A Trade and the article Forex Online Trading? How to Improve Your Forex Trading WithVisualization Techniques 

If psychology trading isn’t in your interest but still want to improve your trading skills watch this video about a Forex social trading network where trader share trading info, follow and copying expert traders trade in the network.

Forex trading strategy - "keep it simple sir"

I was on the Forex forum babypips.com and read the post 45 pips daily-No Charts, No Indicators,Very Simple.

In the post was presented a Forex strategy that had 8 wins out of 10 trades within the past 2 weeks.

The strategy was to buy EUR/USD 15 pips away from where the price is and sell GBP/USD 15 pips away from where the price is. His stop loss was 10 pips from the entry point. His “take profit” point was 45 pips from entry

The strategy is a K.I.S.S Strategy, an acronym for Keep it simple, Stupid or "keep it simple sir". Please leave a comment if you have a K.I.S.S strategy you will like to share.

If you like to share trading info take a look at this video. It is about a Forex social trading network where traders share information, follow and copying expert traders trade.

The best Forex trading hours in the London market?

The London market is in London time zone open between 8 in the morning and 5 in the afternoon. The US market opens at 1 in the afternoon. The overlap between 1 and 5 is the best time to trade as it is the time the most traders and biggest banks are in the market.

Forex social trading networks

In an earlier post I have written what a Forex social trading network is. Just in case you are interested in a Forex social trading network watch this video on my Forex website.