Forex strategies revealed | FSR Forum

Awesome Site!

I am a newbie to Forex trading where can i learn very simple Forex trading strategies for beginners? Any recommendations will be much appreciated.

Thank you

Welcome!

Begin with Basic Forex strategies for beginners

Regards,
Edward

Begins with basics. My advice is do not spend money on forex courses, there's enough quality info available online for free, like babypips.com educational resource.

Re: What strategy should a newbie use?
by spike » Sun Feb 28, 2010 11:35 am

Sam Seiden of Online Trading Academy, and former employee of the Chicago Mercantile Exchange, gave me a great strategy that I have used for a couple of years with 50% success. It involves using a 50 period ema to determine trend and a stochastic to determine entry points. I have used this strategy on stocks and Forex in multiple time frames. It's very consistent, but it does give up more losers when the trend is changing. Not to worry, you can tweak for that situation.

I speak more about the strategy and the concept in my latest podcast.

Right Click the link below and Save AS to download podcast!
http://media.libsyn.com/media/rkassulker/sosTraders_002.mp3

If you want to see sam describe it directly, go to:
http://transcripts.fxstreet.com/2008/02/using-cci-and-s.html