The Ditto Forex Strategy That Will Make You A Profitable Trader

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Hello and Welcome to the ditto educational series that will provide you with the skills you need to become a forex trader!

In previous videos we have discussed strategy and how it is a necessity in forex. Today we are going to give you a basic strategy that you can practically apply from the knowledge that we have currently accumulated in this channel. In truth it’s possible to make multiple strategies from what we have currently discussed but we will focus today mainly on a simple intraday technical-based strategy, with fundamental awareness and news avoidance being the only fundamental aspect.
First as we are trading intra day and looking to open and close our trades before the end of the day we are going to quickly refer to the economic calendar to note if there is any medium to high volatility news that day and which currencies will be affected by it. Remember we are avoiding news in the strategy and that is the only fundamental indicator we are including. Upon discovering there is nothing of significance to interfere with our daytrading we can move onto the next phase.

Secondly We are going to open our charts and observe any currency falling into a major pair category as we want a decent amount of liquidity moving the markets. let’s now look at the Euro USD for example. Looking to the daily chart we can observe and establish that this pair appears to be in a downtrend and that is the next step within our strategy. Identify the overall trend.

Thirdly we are going to apply some exponential moving averages to our chart, in this instance we will include the 200 moving average and the 50 moving average. So here we have a slow and more respected...

Видео The Ditto Forex Strategy That Will Make You A Profitable Trader канала Ditto Trade