Forex Tips : Getting Your Method

METHOD - To use tools for strategy. 
 Checking other people work (strategies) on Tool (indicator) for which time frame and which currency pairs Skill (system) implemented. 
 
 You may have come across a lot of indicator, expert advisor, strategy outside. Such as http://forex-strategies-revealed.com

from basic, simple, complex and advanced strategies.
  
All tools come to as follows :
a) Fast entry, Fast Exit
b) Fast entry, Late Exit
c) Late entry, Fast Exit
d) Late entry, Late Exit 
 

 


 But do you know what are the basic criteria here?
 For business, you must know the customer needs, order volume and behavior, then you can earn money from them.
 

Forex, you must know the currency behavior or characteristic as well. Such as
 
a) GBP/USD is more active than EUR/USD.









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


b) if EUR-USD up and GBP-USD down, then EUR-GBP up twice stronger.
 * info from www.forexoma.com
  
 c) currency pair active due to the news, interest, oil or gold.
EUR/USD/GBP - more toward news. GBP (got false breakout)
JPY - Bank interest, Oil, Japan intervention to strengthen / weaken their currency
AUD - Gold. 3rd largest export Gold. 80% correlative with Gold.
NZD - Gold, tied to Australia Economy. 85% correlative with Gold.
CAD - Biggest exporter of Oil to US. 81% correlative with Oil.
 CHF - rallies on geopolitical instability.






  


 

 

 

 

 

 

 

 

 

 

 

http://www.mataf.net/en/tools/correlation-table

 * You may increase knowledge through website: 
 www.forexoma.com  
 www.aboutcurrency.com 
 www.forexfactory.com