Forex Trading Machine Review
Posted in Forex Trading Courses on 25. Mar, 2010
Avi Frister’s Forex Trading Machine gives the customer 3 different forex trading strategies that is based totally on the mechanics of forex trading. It is much easier to follow since there won’t be any pivot points, chart patterns to follow, moving averages or even Bollinger bands.
The core of the course is focusing on entry and exit rules based solely on the Price Action. Price is king in forex trading and that’s why this method will enable you to get profits by focusing on what the current price is. It is much better to make your buy/sell decisions this way instead of trying to figure out the chart indicators which are very slow.
The first strategy in Forex Trading Machine is called Cash Cow Strategy. What this strategy teaches is asking you to focus on the GDP/USD currency pair. It is chosen because it is known for its high volatility.
And since the trade happens only 4 times every month, it allows you to be free away from checking it every hour.
The next strategy is Flip and Go strategy. It focuses on the EUR/USD paid. It is chosen because they are the most liquid ones.
The third strategy is the Forex Runner Strategy which is focused solely on the price.
Although it is said that there is only 3 strategies on the salespage, the author actually gives a bonus strategy in the guide called the Forex News Trading Strategy. He points out how important reports in the news can make movements in the forex markets that are very big.
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