Why you always need to follow a strategy for making a winning trade? Let me explain for you who we predict price cycles!!!
(Download Free PDF of my Tested Strategies
http://bit.ly/mypriceaction )
A Forex System: Fibonacci
These price cycles are not random. They follow a sequence. This sequence is defined by a set of numbers called Fibonacci numbers. If you are a consistent follower of my page, you must have been familiarized with Fibonacci.
Fibonacci numbers were not developed for trading. They occur throughout the natural world, where many biological systems can be described in terms of Fibonacci-like sequences.
(Subscribe to my YouTube Channel and watch this video on Fibonacci:
https://www.youtube.com/watch?v=p3M3J152LdI )
Major forex traders (including banks) don’t use indicators like RSI, CCI or MACD. They use systems based on the Fibonacci numbers.
Combining Fibonacci with precise price channel calculations and information on how others trade, you have a profitable trading strategy for forex.
Forex Using Binaries?
Why would you consider all this when trading binary options? Well unlike with spot foreign exchange, you need to be right more often. You need to identify the direction, not the size of the move.
During day trading this will not involve big trades shown above. I want to bag price movements (and pips), so I need to use something that finds these price cycle moves and reversals. For binary forex (and spot fx day trading) I use 3 indicators with very precise functions.
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