There are many proven ways to duplicate your forex account I've come across. You may have a system working for you. If you are able to increase your forex account balance by 30-35% each month consistently, you will be able to double your account easily within 12 weeks time and time again. With my personal experience in forex trading, I have found that the following strategies that I have learned from my mentors in the industry are the best ways to trade.
- If you are not a professional and you do not want to be a player, do not trade below 4hour time. I always wonder about someone with less than 2 years of experience trying to sit all day in front of the computer waiting for signs. You will not make money consistently like this. They want scalp every time. It will not work that way. This trading strategy is a mental game. You only have 1% winning fee or you believe it or not. Non scalp institutions. They create the trend and all good traders jump into the market with them.
- Do you know that the Forex market is not controlled by. That's why many do it wrong. The smaller the indicator you have, the more chances you will survive in the forex trading. Many good traders do not even use any indicators at all. They can accurately predict what will happen next just by looking at the pattern. Keep your trading so simple. Even if you only change ten times in a month in the daily time frame with the right setting up, you will make more money because the good traders trade with their eyes focused on the price action and not the indicators. Train your eyes to see what other professionals see. Personally, I use some indicators, but based on price action, momentum, market strength. They are so powerful that it makes my job very simple. I love the forex.
- Trend direction only trade with momentum. You have heard that the trend will always be your best friend in trading. Trade trends, filter out all the trends and flow with the big dogs. Every time you notice large (impulse) orders throughout the trend, it will be good to get on well too if you know how to do this. Get powerful, never-delaying, time-based software, market strength, price action, and trend to keep your trading interesting and profitable. From my experience, with these, you can easily double your bill.
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Source by Daniel Adewa