Saturday, September 8, 2012

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.

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