Ebook: Forex Trading: Part 2: Two Strategies with Weekly Pivots

This book is Part 2 of the series "Forex Trading", by Heikin Ashi Trader

As is well known, currency markets are determined by news. However, since news is rare, most currency pairs move sideways 80% of the time. In other words: it is very difficult to trade currencies profitably with trend strategies. The "Forex Trading" series therefore deals with strategies that are specifically designed for sideways markets.

The "Pivots" in Forex are an interesting phenomenon, because here, more buy or sell orders are waiting to be executed. Anyone who studies charts of currency pairs will find that the market often turns at these so-called "pivots" and starts to move in the opposite direction, at least temporarily.

In this short eBook, Heikin Ashi Trader introduces two simple forex strategies, using the weekly pivots. They are easy to understand and implement (even with small accounts). These two methods are therefore excellent for traders who are looking for forex strategies that can be successfully traded without the need for much analysis.

Table of contents

How to trade the weekly Pivots
Strategy 1: Trade the Pivot
Strategy 2: The "last 20 Pips" Strategy
Should I change the parameters if trading isn't going well?