Forex Cash Cow Strategies
Much of the forex traders out there leave their business on auto pilot with software programs like "Automated Forex Cash" using it as a signal generator to determine when to buy and sell. That's an okay system and will make you profit. Developing your own strategies, along with your auto pilot software, is the best way to have a forex cash cow.
Strategy one is closing any short positions and go long when the price goes beyond the highs of the last 4 weeks.
Strategy two is closing any long positions and go short when the price drops under the lows of the last 4 weeks.
These two strategies will keep you on the profitable side for the long run in the market. It is very simple, but a powerful tool to use along with your auto pilot software. These strategies aren't that popular simply because they're simple. Most people think that it must be more complicated and it really is, but that doesn't mean you need to track the illogical. Currency still follows the simple laws of economics. There is no need to get carried away in things that are too complicated to understand. Keep it simple and follow the basics.
Be disciplined with these two strategies and use it in conjunction with an auto-pilot software like "Automated Forex Cash". With this you will develop your forex cash cow. Stay emotionless and make logical moves. The people that make the cold calculated moves are the ones that end up with the long term profit.
For getting your forex business on auto-pilot, so you have more time to learn how to make profitable trades, check out Automated Forex Trading System.
Source: http://ezinearticles.com/
Added: April 23, 2008
FOREX-Yen gains, risk aversion hits global equities - Reuters UK
Citic Pacific shares tumble as forex bet exposure grows - AFP
AFP Citic Pacific shares tumble as forex bet exposure grows AFP - ... statement issued late Tuesday it will pay 9.1 billion dollars to its parent, Citic Group, for taking on liabilities arising from some forex contracts. ... CITIC Pac seeks shareholders' nod on bailout plan Anglo Chinese advises CITIC Pacific to accept rescue plan