Why You Should Look for Best Forex Courses?

The currency trading industry is experiencing a boom with more people preferring to trade in Forex than shares around the world and several good Forex courses are now available to teach people the basics of currency trading. These courses help you understand all the intricacies of currency trading. You would feel more confident about competing with other traders and making a profit in the market after having studied about the Forex market rather than trying to trade as you go.

How Do Traders Benefit from Forex Courses?

1. You could learn about strategies used by experts to win against all types of Forex trends while trading with currency from around the world. Forex courses explain all the positives and negatives of specific trading strategies and how you should manage the currency you are trading with currency in the best manner.

2. Forex courses help you keep daily tabs on the fluctuating international Forex market and you feel more confident about trading in any currency. Most courses offer interactions with experienced professionals from the Forex trading industry, which help you clear any doubts and update you on the latest trends in successful Forex trading.

3. The best part is that the fees of popular Forex courses are refundable and the satisfaction of the student is most important. You could quit a course if you don’t feel comfortable with the strategies being taught. Therefore, you don’t undertake any financial risk by opting for a course in Forex trading as you are expected to pay the fees only after you feel happy about taking the course.

The best way to begin Forex trading or improve your abilities in the Forex trading industry is by joining a good Forex course. Such Forex courses are sure to help you go farther on your path to success in Forex trading.

The Engulfing H1 Binary Options Strategy

According to the authors, this strategy is suitable with any instrument, but we however have only tested two currency pairs with it: EUR/USD and GBP/USD. During the last 4 months we have obtained with it 74.5% profitable trades. Accordingly, every 7 trades out of 10 (roughly speaking) were in line with our forecast (ITM), and 3 trades were closed against us (OTM). Continuing with this same example, you can obtain: 7 * 84 = 588 profit, and 3 * 100 = 300 losses, so the net profit will be 588 – 300 = 288 dollars, for every 10 transactions in case you put 100 dollars per trade. In total, we received over 50 signals. The maximum number of consecutive losses was 2.

The Expiry Time of the option should be set at 1 hour (closing of the hourly candlestick, so the strategy is largely determined by the next hourly candlestick)

There are no required indicators to be used in this strategy.

You should use the candlestick chart type.

The conditions to buy CALL option.

1) On the candlestick chart type a bullish engulfing pattern is formed. At the peak of the movement, the last candlestick has a white body, which completely engulfed the previous black candlestick.

2) The pattern should fix minimum values for at least the last 2-3 candlesticks.

3) Next, we are waiting for the first candlestick with a black body.

4) Once the first black candlestick is formed, we buy the CALL option. So, we are assuming that the next candlestick will close with a white body.

5) The first black candlestick after the engulfing pattern must be formed in the next 4 hours (4 candlesticks), otherwise the signal is ignored.

6) If until the moment of market entry the price is rolling back down to half of the total recent increase, this signal is also not taken into account.

7) The body of the absorbing candlestick should not be bigger than 1.5 times in comparison with the absorbed candlesticks.

8) The candlesticks with small bodies, and those formed inside the sideways movements are not taken into account.

The conditions for buying the PUT option.

 

1) On the candlestick chart type there is formed a bearish engulfing pattern. At the peak of the movement, the last candlestick has a black body, which completely engulfed the previous white candlestick.

2) The pattern should fix maximum values at least during the last 2-3 candlesticks.

3) Next, we are waiting for the closing of the first candlestick with a white body.

4) Once the first white candlestick is formed, we buy the PUT option. So, we are expecting that the next candlestick will close with a black body.

5) The first white candlestick after the engulfing pattern must be formed in the next 4 hours (4 candlesticks); otherwise the signal is simply ignored.

6) If, before the entering the market the price has rolled back up by half of the total recent drop, then the signal is also not taken into account.

7) The engulfing candlestick body should not be more than 1.5 times bigger in comparison with the engulfed candlesticks.

8) The candlesticks with small bodies and those formed inside the sideways movements are not taken into account.

As you can see, the strategy does not use any indicators and is quite simple to use as long as you carefully read and follow the above steps.