Forex Secrets Income-A Simple, Beginning Trading Strategy

To make sense of the seemingly random movements in the forex market, you need some type of trading strategy. Your trading strategy should be based on sound reasoning, probable winning percentages, and experience. Sometimes finding a good trading strategy can be confusing to beginners, so I want to show you a simple one that is easy to follow.
1. Wait for price to be above or below the 50, 100, and 200 simple moving averages
This indicates that the market is in a trend. You dramatically increase your chances of making money when you trade with the trend in the forex.
The 50, 100, and 200 simple moving averages are very, very popular, and they are used by many traders. When price is above or below all 3 of these moving averages, you know that the market is consistently moving in a single direction.
You really should be looking for this on a higher timeframe than you intend to trade. If you trade on any timeframe less than the daily, you should look at the daily charts to find the trend. If you trade on the daily timeframe, try looking at the weekly to find trends.
2. Wait for price to hit the Bollinger band extremes opposite the daily trend
Now you need to drop down to your chosen timeframe and wait for the price to hit the Bollinger bands opposite the daily trend.
For example, if the daily trend is up, wait for price to hit the lower Bollinger band. When the Bollinger band is reached, that means that the market has hit an extreme and will probably turn around. That is what you want! You want the market to turn and head back in the direction of the major trend.
3. Wait for a strong closing candle in the direction of the trend
So far you have found the daily trend, and you know that you should trade with it. You also know that the market is close to turning around. Now just wait for a strong closing candle in the direction of the trend. Once you see that, enter your trade.
What is a strong closing candle? It is a candle with a full body and small or non-existent wicks. The full body indicates there is some force behind the market.

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