Daily Forex Trading Strategy

The goal of Daily Forex Trading strategy is to use multiple time frame analysis, price action analysis within the individual timeframes and also use relative currency strength
to enter high probability trades and use proper money management (not more than 1 - 2 % loss per trade), trade management and see a gradual growth of the account.

We are starting a demo account with FX Primus and the account details are below:

account number : 57803
investor password: invest123

We trade 20+ forex pairs and trades are analysed and managed primarily on the daily chart.

Happy trading...

May the pips be with you.

Daily Forex Trading Team

4% Gain in 15 days based on Closed profit - Not bad for 30 minutes spent daily monitoring / adjusting the trades...

capital markets lawyer

I know it does not need a lot to start trading Forex. But what tools do i need to start trading Forex?

Re: capital markets lawyer

samdean said:

I know it does not need a lot to start trading Forex. But what tools do i need to start trading Forex?

Click to expand...

We believe the following is necessary to become a successful forex trader

1. Proper Money Management, discipline and patience
2. Understanding of price action / support and resistance / multiple timeframe analysis
3. It is helpful to have a tool that can help with relative currency strength analysis
(S/R analysis takes precedence)
4. Decent amount of time to practice and learn
5. A decent broker who can be trusted with your capital deposit as well as trades
6. Practice until you are able to take consistent / profitable trades on a demo account
and then use real money to trade.

Hope this helps.

forex.daily.trading said:

4% Gain in 15 days based on Closed profit - Not bad for 30 minutes spent daily monitoring / adjusting the trades...

Click to expand...

It has been a month since we started taking trades on the Demo account of FXPrimus - around 9% profit has been made based on closed trades. Not bad !