Today we will learn how to use the tried and effective “24 hour” strategy to trade major currency pairs. In this article we will analyze: Why does the “24 hour” strategy work? How to trade with the “24 hour” strategy Why does the “24 hour” strategy work? This trading strategy is my own development and you will not find it anywhere except on the LiteFinance traders blog . I have been working with this strategy for more than two years and it has never failed. Now I am fully convinced of this, which is why I share it with our readers. Although it is a fairly simple Forex strategy, it is suitable for beginner traders. Likewise, it is very likely that successful traders will also be interested in it. The strategy uses two fundamental parameters for trading: time and probability. In other words, the probability of making profits increases as the trading time increases.
Any other Forex strategy is usually not related to Mexico Mobile Number List time. Your profit does not depend on how much time you spend trading, a day or a week, it only depends on the price movement. This strategy implies that the probability of making a profit increases with each new day, and the more days that pass, the greater the probability that you will make a profit the next day. When and with what instruments can the strategy be used? The strategy has a number of strict limitations, which must be observed. I will talk about it in more detail. Important! You can use this strategy with only major currency pairs! There are only 7 currency pairs that can be applied with this strategy. Other currency pairs will not adapt due to the large difference in performance indices.
It is necessary that the pip value on all traded pairs is almost the same. Important! Operations can only be carried out from Monday to Thursday. You cannot operate from Friday to Sunday. Very often after the weekend, there are price gaps at the opening of the day. Price gaps are contraindicated for pending orders and indeed orders of any type as they may function incorrectly. Likewise, the entire system is based on orders, so possible gaps must be eliminated. How to trade with the “24 hour” strategy We have defined the range of trading instruments. Now, we can start operating. LiteFinance: “24-hour” Forex trading system, which generates per year Lite finance In the previous chart I have shown what your trade on the EURUSD currency pair will approximately look like.