Wednesday, October 7, 2009

Forex and Go (Part 1)

You already know that the forex market is a 24 hour market. But did you know that every currency pair has it's own special behavior (sort of "personality"!) throughout this 24 hour period? Well, professional traders sure know this and they exploit this characteristic of the forex market to pull in incredible profits day after day.

Now, with Forex Flip & Go (another of my PDFT day trading strategies), you can take advantage of a certain EXPLOSIVE characteristic of the EUR/USD pair (the most liquid of all currency pairs) which produces HIGH PROBABILITY/LOW RISK trades over and over again.

The EUR/USD's daily range is about 80-100 pips ($800-$1,000). As daytraders we want to catch a big portion of this daily move and we want to do it with as little risk as possible. Here is where this beautiful strategy comes to our help! The strength of the Forex Flip & Go strategy is that it catches a large part of these $1,000 swings right at the beginning of the move.Let's look at some examples so you can see exactly what I mean when I say that Forex Flip & Go catches large swings at the very beginning of the move and impressively limits risk:NOTE: Trade examples open in a new window.

Many of the best performing professional traders agree that the key to make serious money in daytrading is having small losses and large gains. That is exactly what Forex Flip & Go does, it identifies a large move at the beginning BUT if it is wrong it will get you out of the market with a minimal loss. I hope you had the chance to view the example charts I put above, they show exactly how Forex Flip & Go does an amazing job of exiting the market when it is wrong (with losses many times smaller than 10 pips!) and how it exploits large moves from beginning to end.If you are serious about being a successful forex daytrader and learning one of the best methods to consistently capture profitable trades then Forex Flip & Go is for you!

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