Trading Currencies for Profit – Make Money Fast in 30 Minutes a Day With This Simple Strategy!

In this article, we will give you a simple strategy which can make you big profits in around 30 minutes per day and anyone can learn it quickly. The strategy will always work and is very easy to understand and apply – so let’s take a look at it.

If you look at the price of any currency on a chart, you will notice short accelerated price moves or spikes to the upside – they accelerate away from the main trend and then quickly pull back. These short term moves are caused by traders emotions. The emotion at work is greed and traders when greed is present push a price to far ahead of the fundamentals and then, prices pull back This happens time and time again and our strategy will spot when prices have been pushed to far to fast and sell into greed, to make quick profits.

So how do you spot a market has moved to fast and how do you execute your trading signal? Let’s look at some simple steps and how to do this.

1. Wait for an acceleration in price on high volatility to occur.

2. Once the price spike is under way, you need to see how overbought it is and this is easy to do all you need to do is check some momentum oscillators.

3. Momentum oscillators will tell you how overbought the market has become and once you have learned them, you can do this visually by simply looking for the right set up. There are many of these indicators and the best are – the Macd, RSI, Stochastic and Williams %R. I don’t have time to explain how they work here – but you can learn them quickly and for free online, then pick 2 or 3 to help you spot an overbought situation.

4. Now you have to wait for divergence. When a trend is strong, momentum and price will both be in synch anbd rising, as soon as momentum turns down and prices are still rising, the trend is likely to change so as soon as you see divergence – sell the currency.

5. Once you have your trade in the market, put a stop loss order in above a nearby strong resistance level and set a target where you wish to take profit which will be just above a support line. You take your profit above support and bank your profit and wait for the next set up – you Never let a support line be tested, in case it moves back up from support, you get out early just before the test occurs

6. The key to using this simple system is not just to look for overbought markets but markets are very overbought – the more a market is overbought, the bigger the move down will be, so be selective in your trades.

A Simple Strategy? Yes But ALWAYS Remember This!

All the best strategies and this one couldn’t be simpler to understand and apply and it makes big gains.
I have been using this strategy for over 20 years, just looking for price spikes and using 2 momentum indicators and support and resistance lines and it makes a lot of money and is actually exciting and fun to do – so learn to trade divergence and get on the road to a great second income in 30 minutes a day.