The Best Million USD Forex Strategy

15 Price Action Patterns Insiders are Using If a hedge fund managers were using 15 specific price action patterns would you want to know?

In this article, we will reveal a popular long-term strategy. It is called, โ€œ$1 Million Forex Strategyโ€ I know that all Forex traders, including myself, are especially fond of trading strategies. This is a very simple, yet highly effective and profitable trading strategy.

Best yet: I will be giving away all the details of this strategy FREE of charge. That is the kind of thing we do here at Trading Strategy Guides!

I do have one favor I want to ask from youโ€ฆ

In exchange for the free strategy, I would like to ask you if you could take the time to write a comment down belowโ€ฆ I would really appreciate that!

Also, donโ€™t forget to add us to Twitter. We send our great content day in and day out, so it would benefit you tremendously.

Check out our Forex day trading strategy guide as well!

The $1 Million Forex Strategy

At Trading Strategy Guides, we know that some of you who are reading this article do not have hours and hours a day to track the Forex market. Everyone has busy lives and full schedules.

Make sure to check out our article on Forex trading for beginners as well!

This strategy is going to focus on long-term trading so that anyone can develop a $1 Million Forex Strategy

But it is important to realize that the strategy is actually useful for all types of traders, from swing traders to day traders, but even intra-day traders can benefit from the knowledge.

The first thing you need to do is check out this long-term trading strategy article from Nathan called โ€œlong-term-trading-strategy-for-forexโ€.

Now that you have done that, let me tell you some more details.

1) Because the strategy is classified as a long-term strategy, it was obvious that it needs to be an โ€œend of dayโ€ strategy. So we will be using the day and weekly charts.

2) Also, we really didnโ€™t want to create something that takes a ton of time to analyze. So another requirement is that the strategy uses very simple methods.

My mission succeeded: the strategy only requires a few minutes of your time every day and is straightforward.

Here is an example:

$1 Million Forex Strategy

That is all a Forex trader needs. As you see, the chart is very basic:
1 Fibonacci;
1 indicator (fractal indicator).

Because in a way, the only aspects Forex traders need to care about is where do I enter, where do I set my stop loss and where is my take profit? And thatโ€™s it!
This strategy answers all 3 questions quickly โ€“ without having to stare at your screens for 24 hours a day. This free Forex trading strategy meets all these criteria and more:

  • Itย  only takes a few minutes a day to monitor the potential setups and any actual trades;
  • It requires none or very few indicators to keep the chart simple;
  • The strategy is simple and straightforward;
  • The strategy is effective and profitable;
  • The day chart is used to allow for end-of-day trading decisions.

The motto of our company is to provide you with an edge. By reading this strategy article, you just created that edge for yourself. Read more about Forex Trading Indicators,

Before we dive into the exact details of the strategy, I need to make sure that everyone has a certain understanding of Forex trading. So I want to share with you a few links. Please read the ones that are valid and interesting for you:

1)ย ย ย ย ย  How to trade Forex.
2)ย ย ย ย ย  Forex strategy basics.
3)ย ย ย ย ย Before you trade have a plan.

It is a very powerful trading system that will be a great addition to your Forex trading arsenal.

Please read on for the details of the trading plan. In the next part, you will be able to discover the ins and outs of the setup, entry, stop placement, and trade management.

The ABCโ€™s Of The $1 Million Forex Trading Strategy

First, the $1 Million Forex strategy is feasible and usable for all major currency pairs and major crosses.

The currencies love to move in cycles, patterns, and waves from level to level. As we all know, there are many kinds of levels in the markets: examples vary from trend lines to consolidation zones.

Lows and highs are also examples of key levels. Their big advantage is that their numbers are clear and straightforward, leaving little doubt and room for error. A day high will remain a day high no matter what. There is no doubt about their validity and are very easy to use for any measurement or strategy.

PLUS the big advantage is that BANKS use these levels as well. One simple word of advice from one trader to another is: avoid going long close to a daily high and going short close to a daily low. But this is not the strategy of course.

The next step in the process isโ€ฆ creating an edge. And not such any kind of edge.

The Winnerโ€™s Edge

That edge will be created via our filters. You might be asking yourself: why do we need a filter?

In fact, a trader could take a trading decision based on every single candle. But is it profitable?

Most likely not! That is why we are releasing this free Forex trading strategy guidebook.

A filter makes sure that we only trade upon a certain set of conditions, which gives us Forex traders that edge.

The edge we are looking for in the strategy is to catch a currency when it is

a)ย ย ย ย ย  either going to make a trend continuation or
b)ย ย ย ย ย  either going to make a substantial trend reversal.

In other words, this strategy is aimed at finding turning or continuation spots on the daily chart.

That sounds very simpleโ€ฆ and, it is.

Before we move on, make sure to read these vital articles:

1)ย ย ย ย ย  the process of trading;ย 
2)ย ย ย ย ย  trying a new strategy.ย 


The Juicy Part

So now you might be wondering, how do identify those continuation or reversal spots within our $1 Million Forex strategy? We thought youโ€™d never ask!

We can measure a pause in the market by monitoring the highs and lows of the day candles and keeping track of whether and when it fails to make a new candle high or low. If the currency fails to make a new high or low, it equals a minor resistance or support level in the market.

Here is the definition:

In an uptrend a pause of one day (no new daily high) is equal to a minor resistance;
In an uptrend a pause of two days (no new daily high) is equal to a major resistance;
In a downtrend a pause of one day (no new daily low) is equal to a minor support;
In a downtrend, a pause of two days (no new daily low) is equal to a major support.

These minor or major support and resistance levels are great trading opportunities because they indicate either a potential trend continuation trade or a trend reversal setup.

Now we have formulated the definition of a trend:
A trend is when the currency makes new highs or new lows;
A temporary halt of the trend is when the currency fails to make a new high or low.

$1 Million Forex Strategy

At this stage I advise you to read these great articles before continuing:
1)ย ย ย ย ย  the best trading system.
2)ย ย ย ย ย  Forex trading system.

Catching the Pips!

You are probably wondering how do we catch the pips! Hang on for the ride traders! This is a great Forex trading strategy so you will not be disappointed.We also have training for Forex Basket Trading Strategy.

The first thing we need to know is that; a failure to post a new candle high or low means that the power in the currency was not sufficient to push the price to new highs or lows.

Basically, this could translate into two scenarios:
The currency is pausing for a continuation of the original trend direction;
The currency is setting itself for a reversal.
The great thing is, Forex traders can profit from both directions.

$1 Million Forex Trading Strategy

That is the best thing about the $1 Million Forex Trading Strategy. There is earning potential both ways. So no matter what, Forex traders can capitalize on movements in the Forex market: up or down.

As you can see in the example below, the currency kept making higher highs and higher lows and made a fantastic uptrend (indicated by the green circles). The triangles within the green circles are an indication when 2-day candles did not post a new high or new low, aiding visual ease to identify a string of highs and lows โ€“ in this case, higher highs and higher lows.

Example 4
Here below is another example when the currency kept making lower lows. There were several pauses and 2-day candles could not post a new low. After a small retracement, the currency continued with its downtrend.

Example 5
So far we have covered all the basics. Before we dive into all the details of the actual trade setups and trade management details, I need to make sure that everyone is clear on the following matters as well:

1)ย ย ย ย ย  Introduction to Forex Trading for Beginners
2)ย ย ย ย ย  Ultimate guide to Forex trading investments.
3)ย ย ย ย ย  Forex trading seminar.
4)ย ย ย ย ย  Forex income.
5)ย ย ย ย ย  Trading the Forex.
6)ย ย ย ย ย  Forex day trading.
7)ย  ย  ย  Forex Indicators

Here is informationย about how to trade gold.
We are going to discuss the $1 Million Forex strategy in great detail:

1)ย ย ย ย ย  the with the trend trade setup
2)ย ย ย ย ย  the counter-trend trade setup
3)ย ย ย ย ย  the filters
4)ย ย ย ย ย  where to place entries, exits, take profit
5)ย ย ย ย ย  trade management

Once again, I would truly appreciate your feedback on our $1 Million Forex Strategy

Wish you Good Trading today and a very great weekend!

Oh, and here is that Twitter account: https://twitter.com/TradeGuidesTSG

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

15 Price Action Patterns Insiders are Using If a hedge fund managers were using 15 specific price action patterns would you want to know?

11 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

  1. Hello Nathan, thank you,great articles,looking forward to the next,iโ€™ve now got Twitter on my phone.I have tried trading in the past, some years ago, took a severe beating, and have been looking for inspiration and a mentor.

    • Thank you Matt! Glad that you enjoyed it!!
      Please drop a note on 1 of my comments more often, thanks!

    • Hi Zech, thanks for the question.
      yes I use the standard settings, which is 2 candle sticks indeed.
      Thanks and please drop a note more often! Cheers!

  2. Great article can not wait for the next parts but I not see them on the blog or on twitter have they been released yet or am I missing them
    Thanks

  3. Forex trading is the future of online business. If ou want to trade forex you must know the basics. And one of them is Non- Farm Payroll.

  4. Thanx but the tradinging is not trustworthy due to the news and volatile control end up with liquidation account
    If itโ€™s straight forward every one will be millionaire

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.