Forex

* It should be simple – all the best currency trading systems are, as they tend to be more robust than complicated ones which have too many elements to break.
* The simplest and most time efficient way to trade is by using technical analysis and study forex charts. Here you need to isolate and spot important levels of support and resistance and then trade looking for the level to hold or break.
* A Good forex trading strategy will NOT try and predict in advance but will act on the reality of price momentum changes – either looking for these levels to break or hold, by measuring the velocity of price.
* You should never try and predict - you should use some momentum oscillators to confirm the moves and then execute your trading signal. You should keep in mind that some of the best high odds trades come from breakouts of new highs or lows and going with these breaks can yield substantial profits.
* Try and keep the rules of your trading system as objective as possible – if you have too much subjectivity in your system, your emotions can get involved and you will lose.
* Always assume the worst when you place your trade. Calculate your loss and make sure you have a stop in place – never use a mental stop.

The easy bit is getting your currency trading system together it should only take a few weeks study, the hard part is applying it with discipline.