Forex Trading in Just 10 Minutes Per Day |
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It's really nice to be able to trade Forex
and have a life too. You know, I hate being glued to the screen; I just
can't do it. So, I developed a way to trading in just 10 minutes a day. It's nothing revolutionary, and it combines nicely with my philosophy that brokers eat scalpers. Here's what I do. 1) Open daily charts for each of the currencies that I want to trade. Let's say I want to trade the four majors and USD/CAN. So I open up those five charts. 2) Next I setup the indicators that I want on each chart. 3) Then I save everything as a template. That way when I open my charting program, it's all there. I don't have to re-open the currencies. I don't have to put the indicators back on there. It's all ready to go. 4) Then just once a day (usually in the evening) I open my charting package and tab through the charts. It' only takes a simple glance to see if there is a trade developing. If there's a trading, I enter it. 5) That's it! I've also does this setup with the 4 hour charts. The only difference is that I check the charts more that once per day (maybe three times). People wiser than I have said that the easiest money in Forex is on the daily. If you've been scalping, you might want to crossover and have a look that this style of trading. (It's also far less stressful that other forms of trading.) Article Source: http://EzineArticles.com/?expert=Nathan_Pennington |
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