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Download ForexSwing Trading Manual pdf - ForexSwing Trading Manual pdf. The ForexSwing forex trading strategy does not include indicators as it heavily relies on trendlines, support and resistance, price action and candlestick patterns.
Pre-requisites for Forex Swing trading
Before you can dive into the ForexSwing strategy which shows exactly how the trades are executed.
This is not a book for beginners. You must have some experience trading forex. Most of the terms may seem foreign to beginners, so to ensure that you fully understand it is highly recommend going through the www.babypips.com course.
The direct link to the course is www.babypips.com/learn/forex. Please ensure that you sign up so you will be able to track your progress. Be sure to go through the course in its entirety. The course spans from Preschool all the way to Graduate, which is approximately 13 courses.
If you have been trading forex and haven’t gone through this course, you should. The course takes baby steps while teaching you everything you need to know about forex.
How the ForexSwing strategy works
Outlined below is a summary of the ForexSwing strategy. Each aspect in detail in the pdf.
1. Draw trendlines
2. Wait for A STRONG break
3. Enter trade with stoploss
4. Adjust Stoploss
Very Simple!
If you have learnt anything so far that’s great. That was just some basic information explained in my own words. It was an introduction to some basic concepts that I use in my strategy. From here on out everything else makes up my entire strategy.
You will realize that trading forex doesn’t have to be difficult. It doesn’t have to include all the bells and whistles, but just simple rules that work.
Tools for ForexSwing trading strategy
For those who are curious the ForexSwing strategy only uses MT4 and brokers of choice are XM and Pepperstone. If you are a beginner, it is strongly advised that you use a laptop to trade with. Trading on mobile phones is not recommended, especially if you will be reading naked charts.
You will need a bigger screen to see the message the market is trying to tell you and a few candlesticks on a tiny screen just won’t cut it. If you are using Moving Averages and scalping, then phones are fine, but swing traders need bigger screens.
The ForexSwing Strategy does not require trading apps on your phone. All the forex trading is done on the laptop, hooked up to a bigger monitor. It is suggested you use this setup for new traders especially.
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