If your goal is to become an expert trader at forex, you cannot just make a trade and hope for the best, nor can you just follow anybody’s tips. If you want to trade forex confidently, it is important that you learn how to make a strategy. Not only do you need to know how to make a strategy, but you also need to follow it and improve upon it. You can, however, join a company that already has the strategy and just trade based on their recommendation. This is not, however, a silver bullet. There are practically hundreds of sites that offer strategies or trading in either subscription or per pick forms. One of the better strategists out there in the market is a firm known as Netpicks.
Netpicks was gracious enough to inform the readers on how to craft a simple strategy. A lot of people, when starting out trading, will usually load the charts with indicators cluttering the charts and possibly confusing them. The people at Netpicks suggest a simpler approach, and they advise the trader on the best indicators to use for their strategies. They have assembled a list of indicators based on how the markets move. They have discovered that usually, the markets move within a range. To find the trading range it is advised you use the moving average indicator. If you are looking to be more of a Breakout trader, the macd indicator, which detects momentum might be your best bet. And if you like to use support and resistance to find a trade, Netpicks advises you to draw three lines instead of the usual two to find a good trade.
Netpicks is one of the older strategy companies on the internet. Founded in 1996 by Mark Soberman, this company and its trading systems were designed in order to create a “full-time career, part-time income, timed in minutes, with systems designed with your objectives in mind” (ceocfointerviews.com) The systems are designed to be learned in as little time as possible with an emphasis on being able to be utilized immediately as soon as you learn it.
Connect with Netpicks, visit Crunchbase