Forex Trading Strategies – Day Trading – Feb 4th, 2014
Simple Forex Trading Strategies that Work:
In this day trading video you will see a trade that follows an overall down trend on the GBPUSD. This trend that this trade is following does appear to be weakening so cation is applied. As with all my previous day trading videos this trade is executed on a WavEFX chart with the Trade Manager EA. This simple concept taught at ElectroFX.com of “Location, Trigger, Management” is used 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.
Watch the ElectroFX.com Live Room market outlook from before this trade
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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