The Oldest and Finest FX Trading Strategy
It is actually not that troublesome to seek out the oldest trading technique round. It is outdated because of the market itself. It is known as value motion. What’s actually superb is that not solely is that this technique the oldest, but it surely’s additionally the most effective.
What’s much more superb is that nearly NOBODY is utilizing it. How ridiculous is that? You have acquired traders spending an insane sum of money utilizing one Foreign Exchange trading robot after one other. I assume that no one needs to work anymore. They’d simply be happier letting a robot trade for them.
So why ought to we be utilizing value motion?
To start with, it is probably the most surefire method to have the ability to inform the place the trend is. You may additionally have the ability to discover ways to correctly spot the place the Support and resistance are on the worth. You should use to identify the place the longer-term value could also behead.
Consider it or not, that is nothing new. Ever because the first day of the Stock market, traders have been utilizing value motion. However again then, they did not have live, real-time charts. You will have brokers who have been simply following value motion on the market flooring. There have been legendary traders like Jesse Livermore who grew to become wealthy within the late 1800s doing this.
Clearly loads have modified since then, particularly whenever you take a look at the Foreign Exchange market. Whereas among the modifications have been good, others…..not a lot. I believe know-how, whereas spectacular, has made traders slightly too lazy. As an alternative of getting traders to determine the market for themselves, they’re method too reliant on all of the bells and whistles to inform them when to trade.