Forex Trading

Two round number strategies

Currency markets are known to be dominated by news. But since news is rare, most currency pairs move sideways 80% of the time. In other words, it is very difficult to trade forex profitably with trend strategies. This series about forex trading therefore deals with strategies designed specifically for sideways markets.

The "round number" in forex is an interesting phenomenon because mostly a lot of orders are waiting here to be executed. Those who study the charts of currency pairs will find that the market often turns at this so-called "round number" and at least temporarily begins to run in the other direction.

In this first short ebook, Heikin Ashi Trader introduces two simple round number forex strategies. They are easy to understand and easy to implement (even with small accounts). These two strategies are excellent for traders who are looking for forex strategies that can be successfully traded with little analysis.

Table of Contents

Introduction

Strategy 1

Strategy 2

Consider Forex Trading as a Probability Game

More Books by Heikin Ashi Trader

About the Author

Heikin Ashi Trader is the pen name of a trader who has more than 18 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.