THE 1-2-3 forex trading METHOD

by

ramk001

THE 1-2-3 method has existed in technical analysis for quite some time,

but

unfortunately many traders dont know how to use it the right way. The

system is based on this technique, but only in combination with 2

other indicators.

This combination is the key to getting outstanding results in trading. If

you use it

correctly!

You will be able to pick up the bottoms and tops and ride the market trends

on

any timeframe, if you will follow the rules of the system 100%.

So, what other indicators do we need to approach trading according to the

SpartanFX

system?

A) HEIKIN ASHI CANDLES

B) EXPONENTIAL MOVING AVERAGE CROSSOVERS

After analyzing our trades with these indicators, we look at a NEWS CALENDAR

to make sure that we dont execute a trade close to an important political

or

economic announcement.

You must be thinking at this time that it is too simple to be true, but

believe me it

really is! You just have to get used to it and practice it as often as you

can until

this strategy becomes a habit.

After understanding the basics you must believe in yourself and always

focus on

your success and nothing else.

I highly recommend that you first use a Demo-account and only start

trading real

money after you perfectly understand the system and double the money on your

practice (demo) account.

Dont trade if you are tired or in bad psychological condition.

Before you turn on your PC you have to make sure that you are focused and

your

mindset is on the right frequency for trading.

You should always know that small losses are part of the game, and that

should

never interfere with your decisions when good signals come up.

Dont waste your thought on fear and greed. Just try to focus on the

trading system rules.

Do that day by day and you will see how easy trading can be in the end.

Lets start with the basics

How do we identify and use the 1-2-3 method the right way!

You surely have noticed that price never really moves in a straight line

during a

trend.

Price will take a breather and retrace often before it reaches a top on an

up trend

or a bottom on a down trend.

The first sign of a trend change appears when the market creates a lower

low

and a lower high, after a previous high in an uptrend; or a higher high,

and a higher low, after a previous low in a down trend. It is much easier

to understand the details if you practice on live charts in the real market

environment of course. We have many classes, and live trading courses in

order to help you with your personal trading success. For more details

please check out our live trading room at www.spartantraderfx.com. If you

have questions, please feel free to contact us using our contact form on

the homepage. See you soon!

Nikos Mermigas

intraday trading

swing trading

Article Source:

ArticleRich.com