Best Forex Strategies for Profits
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As you probably know, the Income Mentor Box Day Trading Academy is all about providing aspiring traders with the tools and knowledge required to be a successful day trader. A large part of this is teaching you guys all about the best Forex strategies. Income Mentor Box itself is full of valuable information no doubt. After all, it is a 55+ lesson full length trading course designed to turn you from a newbie into a pro day trader.
However, a lot of what is contained in Income Mentor Box is basic skills and knowledge. You’ll learn about indicators, charts, candlesticks, timeframes, and so much more, really everything you need to make money in the world of Forex. Sure, there are some great Forex strategies taught in this course, but there are also so many more out there.
One of the best places to learn the best Forex strategies for trading profitably is on Andrew’s Trading Channel on YouTube. Of course, Andrew is the mentor from the academy, but he didn’t want to stop at the academy and call it a day. Every single day, his YouTube channel, he teaches you all about the best Forex strategies for profits. Let’s take a look at some of Andrew’s latest best Forex strategies, what they are, and how they can help put money in your pocket.
Best Forex Strategies for Big Profits
As mentioned above, Andrew constantly does new trading videos, on a near daily basis, and they’re always relevant in terms of what is happening in the world. Over the past few weeks, Andrew has done dozens of new best Forex strategies videos, to help put money in your pocket. Let’s take a closer look at some of these best FX trading strategies which Andrew can teach you all about.
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Best Forex Strategies: 5 Minute Scalping Strategy
One of Andrew’s favorite ways to trade FX is short term scalping. Scalping involves placing a large number of small trades on small timeframes. It’s all about making a lot of small profits on many trades. It’s a great way to trade in the long term and to trade with minimal risk involved.
In fact, when it comes to the best Forex strategies out there, the 5 minute scalping way of trading is so useful and popular that Andrew actually made two videos about it. Within these videos, Andrew shows you exactly how to perform 5 minute scalping, and you’ll get to see the awesome results from his own trades as well.
Candlestick Pattern Cheat Sheet
Many day traders in the world of Forex are going to use candlesticks to help determine what the best currency trades to make are at any given point in time. In fact, knowing what candlesticks are and how to use them is extremely important. That said, using candlesticks the right way is much easier said than done.
The fact here is that there are many different candlestick patterns out there, all of which you need to know, all of which indicate something else. Knowing exactly how to take advantage of candlestick patterns is essential to trading success, something you will learn in this particular video, the candlestick cheat sheet. This is something you should know all about in order to help you formulate your own best Forex strategies for day trading currency pairs.
MACD Indicator Fast Turbo Profits Strategy
The MACD indicator is one of the most popular FX indicators out there, one that can help you determine the direction and strength of prices. MACD is defined as “a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price”. When it comes to all of the best Forex strategies out there, the MACD indicator is used in many of them.
Now, this particular tutorial, courtesy of Andrew, is all about making fast and easy profits, hence why it’s called the MACD indicator fast turbo profits strategy. Take a few minutes to watch this video, because it will teach you how to make very fast and reliable profits using the MACD indicator.
Best Forex Strategies: Gold Breakout
Something that you as a day trader need to know how to do is to take advantage of economic situations unfolding across the world. Moreover, you need to take advantage of new developments and price shifts as they occur. In this particular video, you can see how Andrew managed to make around 650% profit in a single day by trading gold.
Seeing as the world is in a serious situation right now, it’s a good time to trade certain assets. Here, you can see how gold was traded against the USD, and it went very well. Check out the video here to learn about one of the best Forex strategies for trading gold during a time like this.
Best Timeframes for Coronavirus Trading
As we all probably know by now, the world is in the midst of a coronavirus epidemic. Yes, in some respects this can make day trading currency pairs much harder and more volatile. However, if you know what you are doing, what to trade, when to trade, and with what timeframes to trade with, you can still make a heck of a lot of money.
In this particular video, Andrew demonstrates how and when to place FX trades during this Coronavirus crisis. Although it’s definitely not an enjoyable time, the best Forex strategies always take advantage of current situations in the world. People, there is a way to use CO-VID 19 to your advantage and trade profitably in the FX market.
Best Forex Strategies – Final Thoughts
The bottom line is that there are plenty of best Forex strategies for trading out there. The trick is to use the right strategy at the right time, and of course in the right way too. Andrew’s YouTube Trading Channel always has new videos and tutorials.
Yes, many of them are all about the best Forex strategies for quick profits. However, it is recommended that you master the basic tenants of day trading first, something you can easily do with the Income Mentor Box Day Trading Academy.
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