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Forex Trading Strategies That Are Working Right Now
Forex traders using the right systems and mindset are able to adapt and profit from any market, irrespective of what the economic news reports are saying.
“Forex markets typically trend very well under ‘normal’ market conditions and allow an element of predictability. With the current Euro Zone crisis, Greek and French elections, we’ve seen a shift away from trending markets and a move to volatile, choppy markets.” Says Ashley Jessen, Head Sales trader at Capital CFDs http://www.capitalcfds.com.au in Sydney.
“The EUR/USD was range bound from February to May this year and trend followers would have been chopped in and out of the markets, whereas range bound system traders were able to buy weakness and sell strength and profit in between.” Ashley said.
“Ideally you’ll want to get to know your oscillators like the stochastic, RSI and Bollinger Band indicators that are brilliant at looking for overbought and oversold markets. The beauty of becoming proficient in these tools is that they can be applied across all time frames, from 5 minute, hourly and daily charts. Smart traders will always have multiple trading systems including trending, range bound and volatile breakout style systems” said Ashley Jessen.
“Traders have to be flexible in the current market environment if they are to survive and thrive. Those who understand the different styles of markets and have trading systems and methodologies for each market type will prosper, no matter what the Euro Zone, G20 meeting or Ben Bernanke have to say.”
For more information on the Capital CFDs and to grab a free copy of their intuitive and simple to use trading software, head over to http://www.capitalcfds.com.au
Capital CFDs is a trading name of London Capital Group Pty Limited and is fully owned by London Capital Group Holdings Plc which is listed on the London Stock Exchange. London Capital Group transacts over 30,000 trades each day and has over 70,000 clients globally. Capital CFDs is regulated by ASIC under AFSL 364264
While Capital CFDs attempts to ensure that the information herein is accurate at the date the information was produced, however, Capital CFDs does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information provided herein and under no circumstances are they to be considered an offer, solicitation to invest or be construed as giving investment advice.
Page Updated Last on: Jun 19, 2012