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A complete Forex Strategy:
The Weekly Forex Forecast and Technical Analysis video can be combined with ambafx Trading Course to provide a complete Forex Strategy for every Forex trader to approach the Forex markets with each week. It uses the following process to put the odds onto the side of the each Forex trader ensuring long term, sustainable success in the Forex markets:
Directional Bias
By assessing the overall trend of each market a directional bias is created in each Forex pair which helps put the odds on our side for reasons covered extensively in the Risk Management section of ambafx free Trading Course.
Support and Resistance
By updating key support and resistance levels in each Forex market each week a “work space” is created allowing each Forex trader to assess potential set ups on a pullback to support and resistance levels or by filtering out trades which might be too close to upcoming support and resistance levels. It is an additional filter which increases the odds further in our favour.
Entries
In the Technical Analysis section of ambafx free Trading Course both Breakout and Swing Trading techniques are covered and both can be used to enter positions into the Forex markets for set ups as highlighted in the Forex Forecast.
Stop Losses
Stop Loss placement depends on the individual Forex trader with Stop Losses and Position Sizing being covered in great detail in the Risk Management section ambafx free Trading Course for any Forex trader who doesn’t yet know how to correctly implement these techniques ()
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