Forex Trading Strategies – Day Trading – Jan 24th, 2014
Simple Forex Trading Strategies that Work:
In this day trading video you will see a range breakout style trade on the GBPUSD. This trade encorporates a specific time of day to give it some power. As with all my day trading videos this trade is executed on a WavEFX chart with the Trade Manager EA. This trade follows the simple concept taught at ElectroFX.com of “Location, Trigger, Management” and can be applied to any chart you like. Risk:Reward is always a factor and this is something the Trade Manager tool allows you to judge long before you enter.
What is WavEFX?
WavEFX is a timeless yet organic charting style that has been developed to clean up what is messy on lower time-frame candlestick charts. An entire video course has been put together to explain WavEFX and is beyond the scope of this video. If you wish to learn more please visit our website.
What is the Trade Manager?
The Trade Manager (TM) is a tool included with basic VIP membership at ElectroFX.com and provides you with a safe and easy way to trade in a set and forget fashion with just a few minutes here and there.
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