Forex:Learn how to open best position

As I promised here is the guide on how to open best position in forex to gain maximum profit. Used Parabolic SAR indicator and Bollinger Bands Indicator only.

Take a Look on this hourly chart I give explanation:

With Parabolic SAR indicator you can reading the chart will going UP or DOWN in Major Trends. Is that simple? not really.. as it sometimes (rare) can break and changed direction when there is really news can affect on that pair.

With Bollinger Bands indicator you can read when charts will going up HIGHER or going down LOWER you see the blue box in the chart? when bollinger bands hit lower or higher position (In Parabolic SAR) it will going down or up HIGH this is the best time frame for you to open position to get your profit. It’s showing using yellow line and red line.

With this tips you get possibilities winning profit 8:2 but it’s not guaranteed 100% you will always profit, sometimes big news and condition can changed everything in seconds.

My next article would be safest your trading profit using target point and stop loss, you will need Fibonacci retracement to learn this.

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This entry was posted on Sunday, February 1st, 2009 at 12:07 AM and is filed under Online Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.