Simple Fibonacci Forex Strategy

This method is very consistent across a number of pairs.

Demo trade it for a while before beginning to trade live.

Establish reasonable money management rules and stick to them.

I personally believe that risking 1-2% per trade is conservative and gives you reasonable room to correct mistakes and recover from losing trades.


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241 Forex System

We want to start off by telling people that we suggest you paper trade any system you buy, including this one.

The beauty with forex is most brokers will give you a free demo account to paper trade with, where you will get quotes, charts and news.

This is where you should become familiar with the trading system. You’ll notice the manual is quite short. It was done so on purpose.

We didn’t feel the need to mess it up with “filler” to try and justify the price as many others do.


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10% Of Traders Go Bankrupt

Why is it then that there is such a large number of traders failing? It is not because they are stupid; in fact most traders have an above average IQ and are above average in most categories such as education and income. So why do they fail?

Lack of trading education! By education I don't just mean learning how RSI works or drawing lines on a chart. I mean thoroughly educating yourself in all aspects of your chosen profession. Educating yourself on the correct psychological approach to the market! Educating yourself in the correct risk management techniques relative to your account size. Educating yourself in the correct entry and exit methods for the trading style that suits you.


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Pin Bars Forex Introduction

This tutorial on how to play the pin bars has been designed as a good first lesson and introduction to pin bars.

It provides an explanation of the pin bars and familiarises the reader with terms used in the examples (such as ‘eyes’ for the pin bar).

The Advanced Tutorial covers some higher-risk setups that may appeal to some traders.



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