Create Your Own Forex Trading Strategy in 3 Easy Steps
Description
Savage Strategy Builder in 3 Easy Steps Part #1 of #4 Part Series
So today we want to talk about building a forex trading strategy in 3 Easy Steps. Using Price Action, Support & Resistance, and Indicators separately and then combining them to create your own powerful Forex Trading Strategy.
How do you build a forex strategy? You’re either going use a forex strategy or you’re gonna build your own, right? Most people, beginners, they don’t know how to build their own strategy. They don’t have enough knowledge. So you go to YouTube, you go to TikToky or Instagram and try to find somebody to follow, to learn their strategy. But, what techniques are they using? How are they learning how to trade? You know what I’m saying? So when you go to these people, what do they have to offer you? Well usually, it sounds something like this. “Hey, follow me and just do what I do.” Two, take their course and do what they do. Which sounds the same as the first option. We have a course called Strategy Builder Template from Currency-Rich, Savage Forex and Digi-Vest that teaches you to build your own strategy.
Or three, follow their trades using that EA. So maybe they wrote an expert advisor, maybe they got telegram signals. Either way, you’re following someone else’s strategy, but you don’t really know how or why you are even taking the trades that they’re telling you to trade. You dig what I’m sayin? So today I want to teach you how to build your own forex strategy. I’m gonna give you a three step template. It’s gonna be quick, easy, and painless.. ☀︎
Step 1 is to use Price Action. You can trade litterally with Price Action alone. It is also called “Naked Trading.” Which means you have nothing but the candlesticks on your trading charts. Hence the word naked.
Step 2 is to use Support & Resistance. Using strictly Support and Resistance, you can make a determination of future chart movement by past Support areas and Resistance areas. We will go into more detail on this process in later articles.
Step 3 is to use an Indicator. We use a simple Moving Average indicator. You can use whatever indicator you choose. A simple Moving Average can display a sort of Support and Resistance line as well as give general trend direction. This alone can also be used to predict directional movement of your tradable Digital Asset.
The power of combining all 3 steps into a trifecta is the foundation of your own trading strategy. Use the 3 seperate ques as confirmation for each other. The more confirmation you have for the same direction, gives you a stronger and stronger overall indication for the direction you trade (Buy or Sell) for your Trading Strategy. Later we’re gonna get into how to break down price action. Then next we’re gonna get into how to break down the support and resistance. As well as how to setup the indicators.
Using this easy 3 step system you can build strategies for Spot Forex, MT4, MT5, Forex Binary Options, Crypto Currencies, Bitcoin, Funded Trading Accounts, E-Mini, or any other tradable Digital Asset. And then next we’ll be moving into what we call the Goldilocks. Papa Bear, Mama Bear, and Baby bear. So you can find that sweet spot. All right, let’s go. Joseph Savage Forex. One. I got you. Joseph Hopkins Forex.