Tag Archives: daily chart

What is the least risky way to trade Forex?

low risk trading

If You are asking what is the best way to trade forex, then you are a very smart person. We do not say that just to build you up. We say that because it is very true. It is very true because the average person who is new to forex rarely ask that type of question. Most people who are new to trading just jump right in and gamble until the money is all gone. We hope that you really are on the right path because forex takes no prisoners.

First piece of advice is for you to only trade off of the daily chart. We suggest that you only trade off of the daily chart because it is the safest way to trade. It s the safest way to trade because using the daily chart you see less noise. By noise we mean that on a long time frame you would not feed the random ebb and flow of the market that happens moment to moment. You are only seeing the big moves of the day. By only seeing the big moves of the day you are able to make high probability trades.

The majority of people who try to trade the markets do not have the skills or the discipline to trade shorter time frames. And we doubt that you have the skills either. You might want to prove us wrong, go ahead, Trading is a zero-sum game and we can’t wait to take your money.

But guess what, there is a way to day trade and to have high probability trade without trading on a shorter time frame. You can actually day trade off of the daily chart and try to make directional trades based off of the material on the daily chart. You will be surprised how accurate the daily chart can be for a 24 hour period. What we have found is that this is not only a profitable way to trade it is also a very stress free way to trade the markets.

Hopefully you would use the wisdom shared in this article and you will become one of the profitable traders in the market. The information we shared with you is very fundamental and foundational to any profitable traders future. If you use this information you will be way ahead of the majority of people who are trading the markets.