Forex Basic Strategy
Step 1: Double Reversal Pattern
Step 2: Important Level
Step 3: Right Time
Step 4: Optimize Entry
The strategy above is arguably the most basic, yet most fundamental strategy that you need to learn to master Forex Trading. Double Reversal Patterns are the key to trading any financial instrument. Therefore if you master Double Reversal Patterns at Important Levels, you will be well on your way to Forex trading success. Moreover, you need to make sure that the Reversals are happening at the Right Times. Once you’ve identified steps one through three, then you proceed forward with step four, which is to optimize your Entry. Optimizing your Entry is all about Setting your Entry only if it satisfies our minimum Reward to Risk Ratio of 2 to 1. Optimizing your Entry also includes Setting your Stop Loss comfortably behind the Reversal Patterns and Setting your Take Profit a few pips prior to the next target daily pivot. Watch the video above to master this Basic Forex Strategy.