My simple easy effective Forex trading strategy is one that is not complicated. It is to use 28 Metatrader price line charts with 2 SMAs and a good currency strength meter to do the currency analysis to identify the currency pairs that have the best chance of making a decent number of pips with. My advice is not to use candles or any other indicator because they only ever complicate and hide the real price action.
Once the currency strength meter lets me know the potential pairs to watch, I use a 14 SMA (red line) for trade exits and a 50 SMA (blue line) for trade entries that cross the price line (green line) on 1 hour charts.
The trade shown below resulted in a 351 pip profit, I could show you 100 more similar profitable trades but why waste valuable trading time.
This example of a simple easy effective trading strategy with a Currency Strength Meter [B]is not suitable[/B] for everyone as one size does not fit all, I say this because some so called Expert traders would have you believe that this strategy is too simple and that you need 10 chart indicators to trade Forex, which totally hides the real picture so that you lose money like they do, don’t listen to them just “Keep It Simple”.
All you have to do is to paper trade with this simple strategy (Method) using a brokers demo account until you trust the method (Mind), learn some money management skills to keep the risks and/or leverages low (Money), then use real money.