There is one thing that I've learned loud and clear in this business is that the easy forex trading strategy always beats out the complex one. We get this idea in our heads that making money has to be this hard long complex ideal, it really isn't. Often simplifying and eliminating all the behaviors that don't give us any real value will leave you more profit.
Only Trade During Peak Hours: This is the time of the day when the most trades are happening. Since there are trillions of trades happening daily, there can really be no real effects from large banks that make huge trades. When you're off peak hours, these large firms, hedge funds, banks, etc have an advantage. The volume goes down and their trades will have more of an affect on the the prices.
Cut Your Losses: This is really one of those lessons that is hard to learn. Often you need to learn it the hard way. The hard way being the loss of a lot of money. Most of the time we get invested in a trade and get a mindset going that it will eventually go up in value. Get out of that thinking pattern and learn to cut your losses. This will save you from devastating losses.
Get Automated Software: I personally use forex Killer because it will automatically process currency graphs and search for profitable trends for me to exploit.
This is my easy forex trading strategy and it's pretty simple, but keeps me out of trouble.
