<<The long awaited non believer’s strategy>>
Aim: 5% a week with acceptable risk controls
This strategy uses both technical and fundamental analysis, in wide ranging markets and non trending markets it is exponentially more risky. It is not a trading system per se,
It doesn’t use any broker of any kind it is designed to be used in conjunction with Betonmarkets; despite the risks associated with betting, losses can be limited to 10% using triggers. It is a medium term strategy 5-7 days, using digital options.
I personally prefer trading in Forex, the rules in Forex are in essence the same as equities trading. In this ‘tutorial I will use the currency pair Euro/USD,
This pair is by and large indirectly correlated i.e. the DOW goes up the Euro/USD will fall, so data intended for equities trading can be used for Forex.
If the economic outlook for the next week is negative, e.g. negative earnings assessments for a few key DOW players. Then it is reasonable to assume that Euro/USD will rise, so if we take a Bull/Bear bet 50 pips off the money then we can afford the market to reverse 50 pips before our money is at risk.
We can also get a better price if we buy the bet (digital option), before London & New York.
Remember this works for me, I get above average returns and I spend less time trading. Its not in much detail if u want further detail then I’ll write some more when I get chance.