Forex
Momentum Trading - The 3 Keys To Momentum Trading Profits
Do you know the phrase, "the trend is your friend?" If
you've been trading as long as I have, then you know that the trend is not
really your friend, but momentum is. Momentum is what drives the trend, and
when the momentum is gone, then the party is as good as over. If you know how
to trade with the momentum, then you're well on your way to Forex trading
success!
Without a doubt, Forex momentum trading is the best source of
quick and easy Forex trading profits if you get it right. Otherwise, you'll be
banging your head against the wall enduring all those frustrating whipsaw
trades! Today, if you're still trying to find your way to successful momentum
trading, there are 3 fundamental keys that will help you to trade like a pro.
By the end of this article, you'll know how to trade with the best momentum
timing, the best momentum pair and the best Forex momentum strategy.
The first key to successful Forex momentum trading is to trade
at the right times. Momentum and volatility tends to come only at certain specific
times throughout the trading day, and one very lucrative trading period for
momentum trading is the London open. The London open is when all the European
traders start putting their trades into the market at the start of their
trading day, injecting a huge amount of liquidity and momentum into the
markets. This happens from 6.30 a.m. GMT onwards like clockwork, day after day.
The markets will literally experience an explosion of momentum that will drive
the price to break out of the consolidation range it was stuck in for hours
beforehand.
The second key to successful Forex momentum trading is to trade
with the right momentum pair. It's a known fact that some currency pairs are
inherently more volatile than others, and the most volatile pair of all is the
GBP/USD. Volatility is a bad word for most scalping traders, but it's essential
for the success and profit for any Forex momentum strategy. That's because the
more volatile the currency, the more momentum any move will have to carry your
trades into big profits. With the GBP/USD pair, moves of 100-200 pips are the
norm, and these huge moves often happen within the span of just one or two
hours! Another great thing about the GBP/USD pair is its 3 pip spread, compared
to 5-8 pips on the other GBP crosses. With all these factors considered,
specializing in the GBP/USD pair is the best thing that you can do starting out
in Forex momentum trading.
The third key to successful Forex momentum trading is what
brings the first two keys together, and without this key your momentum trading
doesn't have a prayer of succeeding. As you may have already guessed, the most
important part of Forex momentum trading is to have a Forex momentum strategy
that works! Otherwise, there's a very real chance that you will get burned even
though you have the right timing and are trading on the right currency pair.
The best Forex momentum strategy that I know trades only once a day, and can be
traded manually for just 10 minutes a day, or even run on complete autopilot
for you.
Okay, I don't want to keep you in suspense any longer, so here
it is. The best Forex momentum strategy I know is called Forex Morning Trade,
and is one of the best kept Forex momentum trading secrets right now... but it
won't stay that way for long. That's because Forex Morning Trade has been
returning 300 pips a month on average for the last 6 months, and it's an
extremely consistent and reliable Forex momentum strategy. Forex Morning Trade
comes with very clear and easy to follow instructions, and I literally set all
the charts and installed the expert advisor in less than 10 minutes! So if
you've been searching for the secrets of momentum trading success, then why not
save yourself a lot of time testing your own systems and losing your hard
earned capital by buying Forex Morning Trade? It's the best investment I've
made for any Forex momentum strategy, and I'm confident that it will be yours
as well.
Thad B. is a Professional Trading Systems Developer who has
developed and managed dozens of profitable trading systems over the years for a
private hedge fund. Forex trading systems are his passion and expertise, and he
has a wealth of helpful resources available for any serious Forex systems
trader.
Have you been searching for a Forex Momentum Strategy
[http://www.forexsystemstrader.com/forex-robot-traders/forex-morning-trade-review/]
that actually works? Read Thad's Forex Morning Trade Review
[http://www.forexsystemstrader.com/forex-robot-traders/forex-morning-trade-review/]
to see why it has his highest recommendation.
Article Source: http://EzineArticles.com/expert/Thad_B/948497