5 Reasons I LOVE Swing Trading Using the Weekly Chart | FOREX STRATEGY FACTORY

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MANYTHINGS YOU DONT KNOW ABOUT WEEKLY TF

I have tried a lot trying to figure out how this work.I mean
how to watch the weekly chart. I came out with the opinion
Of its slow and non moving nature.

This nature makes it really disgusting to watch as i don’t
have the patience of watching a non moving chart. I concluded its not moving and there is no point watching it.

I later discover that,despite its stagnant nature,it really shows the overall trend of the market which makes it the most accurate chart to base your analysis upon if you want to win big and risk small.

You may ask me how,but i will tell you that the secret is if it has same direction with all lower timeframes. Then you can risk low lot for bigger gains.

Another secret is that the weekly will always breakout to the direction of its trend and its stagnant nature makes you do proper analysis while greed and emotion is out of your game.

Most of you don’t have any tool that can show you all timeframe at a glance and this is why you make wrong judgement.

Remember that the weekly breakout is a trend direction trading and if you know its direction befor the breakout and you risk small lot,you will be glad to win so big. It’s like a risk reward ratio risk 1 to gain 10.

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SECRET TO FOREX SUCCESS.

I guess you have trade forex for years and you got no result.You have also ran into scammers that eat your money and ran away.Now you got a good belief that all forex traders are scammers and everywhere people talk about forex,you will be the first to type scam.

I just can feel it that you became the victim of your ignorance. Going into forex while been ignorance of the most important idea is a success laid on failed foundation. Let me educate you about few things you need to know befor you go into forex trading.

First thing is to decide your own base capital,and make sure it’s going to be an amount that can generate reasonable percentage in a month.

Second is you will need to wait for at least two months befor thinking of taking profit.

Third is after two months of waiting,at the end of the second month,you must take any percentage of the profit made and you most not let your initial base capital to go down.

Fourth is to continue every month end to take such percentage continuously and keep saving your salary into your bank.

Fifth is while you are spending part of your savings to meet your monthly bills,do not overspend all your savings so if anything happen to your initial capital,you already have a backup capital to top up your account balance.

At this point you will realize that you are no longer using your personal money to trade anymore. Then if you think of growth,after managing account for six months,you can double lotsize to maximize profit.

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