Forex Trading Strategies - 3 Simple Ones That Work and Make Big Profits

Here we are going to look briefly at 3 forex trading strategies anyone can use quickly. There simple to understand easy to use have worked and will continue to work and that means big long term profits.

Let's look at these forex strategies and why they work...

Many traders make the mistake of thinking that the harder they work and the more complicated they make there trading strategy the more likely it is to work but there is no correlation between working hard and being complicated and forex trading success; you are simply judged on your market timing and the success of your trading signals.

Forex Trading Strategies - 3 Simple Ones That Work and Make Big Profits

A simple strategy will have fewer elements to break than a complicated one in the brutal world of forex trading and keeping it simple is always best.

Strategy 1 - Long Term Breakout Trading

FACT:

Most major trends start from new market highs or lows.

This is one of the simplest and most effective ways of trading, buying breakouts on the chart to new highs and selling new lows. Most traders cant do it, because they think they have missed a bit of the move and want to wait for the pullback but in strong moves, this never occurs and they are left watching the move pile up thousands of dollars and their not in.

If you focus on long term valid breakouts and time your entries with a couple of momentum indicators, you can make a lot of money. The key to this forex trading strategy is only to use levels that are considered important by the market.

They occur a few times a year per currency but lead to huge moves and huge profits.

Strategy 2 - The 4 Week Rule

This is one of the simplest most profitable, forex trading systems you will find and was devised by trading legend Richard Donchian. It will make sure you get in on EVERY major forex trend.

This system is totally mechanical (and based upon the breakout philosophy discussed above) and consists of just one rule:

Buy a new four week calendar high and sell a new 4 week calendar low and maintain a position in the market at all times.

That's it!

Simple? Yes, but it works - back test it and see.

You can also add filters to smooth the equity curve which are discussed in our other articles.

We have used this system as part of our forex trading strategy for over 20 years and many great traders have been fans, such as Richard Dennis so, if it's good enough for him, its good enough for you and me.

Strategy 3 - Trading Overbought Oversold

The two other strategies just discussed are long term now, we will look at a short term strategy for profit - forex swing trading.

Swing trading simply aims to take advantage of overbought oversold scenarios within the major trend and you can do this with simple trend lines. All prices get pushed to far up or down, due to greed and fear and you simply want to trade into these extended levels.

Once you have identified areas of support or resistance, check volatility with the Bollinger band and then use the ultimate timing tool - the stochastic to confirm the move.

You then should take your profit early and then look for the next one.

Swing trading is fun, requires very little discipline, as you don't have to hold moves for long and can be learned in a few days.

So there you have 3 simple forex trading strategies for profit which are simple but don't think they can't be profitable, they are and can lead you to long term currency trading success.

So make the above part of your essential forex education and get on the road to profits.

Forex Trading Strategies - 3 Simple Ones That Work and Make Big Profits
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7 Self Introduction Strategies For a Successful Interview

Fresh out of college? Recently laid off? Re-entering the work force? You can gain an advantage over those dozens of other qualified people interviewing for the same job by using these 7 Self Introduction Strategies for a Successful Interview.

In any interview you want to present yourself as a skilled and knowledgeable professional who is a great team player and enthusiastic about the company and the position for which you are interviewing. These self introduction strategies will help present you in the best light so that you stand out from other interviewees and make the best possible impression during the interview.

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1. Preparation - Preparation is key. This means to research the company; find out what they do and how they do it. Has there been some recent online article? Has there been a story about the company, its products or a member of management in a local magazine or newspaper? Perhaps there has been a feature story on the radio or TV? Digging these up and relating them casually during the course of your interview will make a good impression on the interviewer.

7 Self Introduction Strategies For a Successful Interview

Conduct research on the company's products and services. What are they? How do they compare to those of the competition? Who is the competition? How does the company produce or distribute its products or services? What were last year's (or last quarter's) sales figures? Interject these facts into your interview and you will appear knowledgeable, professional and you will definitely stand out from any other interviewee.

Research the position you are applying for. Details may not be possible to uncover, but you should understand the broad responsibilities as well as the specific skills and experience you are bringing to the table. Mention these skills and experience and even if you are wrong about the details of the position, you will still appear as enthusiastic.

2. Rehearsal - Now that you have all the facts about the company, you need to memorize them all and present them in a way that doesn't seem wooden or as if you're reading from a teleprompter. This is where rehearsal comes in. You may try a full blown dress rehearsal wearing the same type of attire that you would wear for the interview. While some people swear this helps, others consider it overkill. Only you can tell.

Recite the facts about the company and present a few relevant details about yourself stressing how much of a team player you are or other bits of information you have gleaned from the job description. How do you fit in? Explain this. How is your experience helpful to the company? Tell them. How can you use your knowledge and skills to benefit your future employer? Let them know. Present these in short "sound bites". Rehearse them until they feel and sound natural and not rehearsed.

3. Questions - You may have heard about how important relevant questions are and you would be right. From your research you should have uncovered several areas you may feel uncertain about or a few things you would like clarification on. These are good things. Write these down. Memorize them if possible, but don't be afraid to pull out a 3x5 card during the course of the interview if you need to remind yourself what your questions are. You can also buy a book at a copyshop or office supply store that features key questions to ask your interviewer. This is always good.

4. Formality - Now that you are at the interview you need to know what to do. Obviously, you need to arrive on time and this means 10 to 20 minutes early. Not 5 minutes. Not 1 minute. Never late! Be early. This will give you time to mentally rehearse the interview in your mind, review your cheat sheet of questions, powder your nose and otherwise prepare yourself comfortably for the interview.

Dress one level up from the position you are applying for. This is a subjective assessment and sometimes I have guessed wrong, but you can rarely go wrong from a neat appearance. If in doubt, dress up.

Be professional, courteous and likable with everyone you meet. You never know whom you are greeting or with whom you may be working when you are hired.

And keep the cell phone off, the PSP at home, and the earbuds and headphones in the car - but, believe it or not - a Bluetooth is ok, if you do not talk on it.

5. Friendly - It is your time to shine! You want to be courteous and friendly to everyone you meet, especially during the interview. Appear likable, smile and lean forward, don't fidget. A few tricks I learned from the NLP school follow, but don't make them obvious.

Try to mirror the position of the interviewer. Match their position with your own. If they cross their legs, wait a minute or two then cross your legs. If they lean forward, count to 30, then lean forward. If they nod their head, nod your head. If you have your resume or notepad in front of you, turn it to mirror any material they may have. Do this with your peripheral vision. Never look directly at something then attempt to mirror it, you will get caught. When answering a question, repeat the question or a few key words of the question or rephrase it before presenting your answer. Be yourself.

6. Interesting - You must capture the interest of your interviewer. You do this by applying the steps above plus you mention a few favorite anecdotes from your experience that demonstrate how you have successfully faced a challenge, resolved a problem, been a good team player, stayed late to complete a project or soothed a disgruntled co-worker or customer. Add a tidbit of your work experience that shows how you have added value to a previous employer. If you get a few of these together - how you have added value - you can use them for that all important question, "why should we consider you for this position?" And this brings us to 7.

7. Unique - Being unique is the key to getting the job. If you stand out from all the other candidates, if you can appear friendly and interesting, if you are on time and dressed appropriately and if you can demonstrate just how much of a positive impact your skills and experience will bring to the company, you will get hired.

By following these strategies of self introduction in interviews you will almost certainly be one of, if not the top choice for consideration.

7 Self Introduction Strategies For a Successful Interview

Perry Jones is a successful author and urban philosopher. He has many articles and websites available for your edification. Please search for him using any major search engine.

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