Beanfxtrader, Author at FX Traders Blog

NEW YORK BREAKOUT STRATEGY

On December 16, 2018December 16, 2018 By beanfxtrader

New York Breakout Strategy The New York Breakout strategy is a simple strategy that traders use every trading day. The time considered for this strategy is exactly 16hrs after the market opens for the trading day. A demo account will be okay for practice or backtesting purposes before going live […]

RET40-PIPS STRATEGY

On November 21, 2018December 13, 2018 By beanfxtrader

RET40-Pips Strategy The RET40-Pips strategy is a simple trading strategy that some Forex traders use on a daily basis. For this strategy, the currency pair price is expected to move more than 40 pips away from the day’s open price. Price retracement may occur at this point where some pips […]

EMA DIAGONAL ALIGNMENT STRATEGY

On October 9, 2018October 30, 2018 By beanfxtrader

EMA DIAGONAL ALIGNMENT STRATEGY This strategy combines two Meta Trader indicators to determine trade entry signals. The indicators are Exponential Moving Averages EMA and Awesome Oscillator. Below are the EMA settings and the images below also show the necessary conditions before placing a buy or sell trade on any currency […]

Just Another Forex Trading Story

On October 6, 2018December 1, 2018 By beanfxtrader

Just Another Forex Trading Story: Basically, a trader was once a beginner at some point in his/her trading life. ‘Forex trading is risky, it is like gambling’ are the words one is likely to hear from someone who does not know anything about this business. However, Forex trading story does […]

Trendline Breakout Strategy

On September 30, 2018November 30, 2018 By beanfxtrader

Trendline Breakout Strategy TBS This strategy is a fantastic strategy that is commonly used in forex trading by experienced traders. Trendlines are lines drawn to connect two or more price wave turning points on a chart especially when a trend is formed. It is an important tool for Forex technical analysis […]

Harmonic Patterns

On September 24, 2018December 15, 2018 By beanfxtrader

Harmonic Patterns Harmonic patterns are used for technical analysis and the main function is to predict future price movement. It is a trading strategy that works with Fibonacci retracement and extension ratios. However, the Fibonacci ratios used in the analysis and measurement of Harmonic patterns are 0.382, 0.50, 0.786, 0.886, 1.27, […]

Breakout Indicator

On September 21, 2018September 24, 2018 By beanfxtrader

BPT MT4 Break Out Indicator by BLUE POINT TRADING In case you have been searching for a breakout indicator that you can install on MT4 on your Personal Computer, do not go very far. I stumbled on this site https://www.blue-point-trading.com/ and came across the beautiful indicator. The indicator helps you to […]

Introducing the Pips-Beantrapper Indicator!

On September 18, 2018December 2, 2018 By beanfxtrader

Pips-Beantrapper Signal The Pips-Beantrapper is a combination of signals from two Meta Trader indicators. The indicators are Stochastic Oscillator and Awesome Oscillator. The above indicators signal are combined with the position of the currency pair candle bar to the 5 Linear Weighted Moving Average. Check Out Support and Resistance LONDON […]

Achievable End Of Year Target For Newbies

On September 13, 2018September 21, 2018 By beanfxtrader

Achievable End Of Year Target For Newbies The achievable end of year profit target is analyzed in this article for new traders. Money management is one of the critical areas in Forex Trading that beginners should look seriously at when starting a trading career. Factors such as selection of the […]

How To Setup A Demo Trading Account – Strictly For Beginners!

On September 12, 2018September 19, 2018 By beanfxtrader

How To Setup A Demo Account Recently, many people have asked me to teach them how to trade in the Forex market. However, one cannot trade Forex without having a forex trading account: which can either be a demo (demonstration) account or live/real account. This article will show you images of […]