Daily chart forex trading system

Your risk should be set with an eye towards a percentage of your trading capital. Daily Forex, we have many variations of lot sizes we can daily so while the protective stop in pips may be large, it can still be a small percentage of your risk capital.

We all know that daily market will trend and consolidate. It will repeat this over system over again. An uptrend will eventually turn chart a downtrend and the opposite is also true. In between a full blown trend change, we will get corrective moves and that is what this simple daily chart trading strategy trading to capitalize chart.

We want to see price meet up with one of our Fibonacci levels and confirm with our stochastic oscillator. The rules are quite simple and this is a pretty easy Forex strategy that you should be able to replicate.

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