Trading the 'Currency Ring' and making money from it

Trading currency rings can be very good especially if you do not have the proper skills for doing technical analyses of determining the proper direction the market might be heading and tkaing position accordingly. Currency Ring is a good way to trade the forex market easily and hassle free. Firstly, we need to know what is a Currency Ring actually.

A currency ring is a set of of 3 pairs which contain 3 currencies and share the same number of currencies when traded altogether. Each currency ring will consist of 3 related pairs and there can be many of them. Here are the most popular currency rings which you can trade with the majority of the brokers as all these pairs are normally available to trade on all of them.

AUD/JPY AUD/USD USD/JPY	CHF/JPY CHF/USD USD/JPY	EUR/JPY EUR/AUD AUD/JPY	EUR/USD EUR/AUD AUD/USD	GBP/JPY GBP/USD USD/JPY	EUR/CAD EUR/USD USD/CAD	EUR/CHF EUR/GBP GBP/CHF
EUR/CHF EUR/USD USD/CHF	NZD/JPY NZD/USD USD/JPY	EUR/JPY EUR/GBP GBP/JPY	EUR/USD EUR/GBP GBP/USD	EUR/JPY EUR/USD USD/JPY	GBP/CHF GBP/USD USD/CHF	GBP/JPY GBP/CHF CHF/JPY

As you can see above, we have 14 currency rings which we can trade all the time. However, it is advised to trade only 1 currency ring per account as it give you more control on what you are doing and also give you a good glimpse on the currency ring you are currently trading. You can log the statistics and performance of each of these currency rings on different accounts. Trading one currency ring per account also protect you from undue drawdown that you might experience with these type of strategies.

Firstly, we are going to place an Average Daily Range indicator on the pairs that form part of the currency ring we are going to trade. If the pair has moved over 25% of the daily range, then we buy the currency ring and close the trades when the pairs has reached 50%-75% of the Average Daily Range (ADR). Here is an example:

1. We buy 1 lot GBP/JPY
2. We buy 1 lot GBP/CHF
3. We also have to buy 0.8 lots of CHF/JPY in order to stabilise the accounts

When we bought the GBP/JPY and the GBP/CHF, we have also actually bought the CHF/JPY as the cross pair and we have to open a real by order as well in this pair to stabilise the currency ring. After we are done, we wait for the pairs to move and we take profit from the overall combined profit of all the orders together. This is a very interesting forex trading strategy and if you have some time to experiment with it, can bring you lots of good. You can read more about this trading method from the link here. Good luck

CatFX50,another free yet powerful forex trading strategy

I am sharing this fantastic free forex trading system with you which is called 'CATFX50' Trading Method. This strategy is reputed for its high rate of accuracy in finding proper entries for your trades. CatFX50 is a very easy system and it will not take you a lot of time to study and apply its rules to your own trading. The rules are clearly explained and outlined in a word document and you should refer to it anytime you stumble across some problems in understanding how the system works to generate the trading signals. After you have thoroughly read through the rules, make sure you practice this trading system on a demo account for a while so that you can determine whether the system fits your taste or not. CatFX50 uses a lot of indicators to determine the proper trading entries and this alone turn the system into a very powerful and accurate one. This system can be used stand-alone and it has different buy indicators and sell indicators which works together to give buy and sell signals. These buy and sell indicators can be applied to any chart just by applying the Metatrader template found in the catfx50 download packages. I hope that you will benefit from this system and will make a lot of pips. Go ahead and download the whole package which contains everything for the system. You should find the indicators and templates also. Good luck. Source

Trend Catching System - Another easy forex trading setup

Here comes another cool and smart forex trading system which can be described as easy as A-B-C. It uses 3 main indicators which are the MACD, the BBANDS and Moving Averages, not one but 10 of them. No worries, you do not need to setup the chart manually, you can download the metatrader template and apply it on any of your charts. Basically, you just have to follow 3 simple rules and if you happen to seen them, you do not have to hesitate a single moment and just open a position in the direction indicated by the trading system. Most of the time, if you choose to stick to these simple trading rules, you will end most of your trades with profits or green pips if you like. There is a nice screen capture heavily illustrated which should wipe all the confusion about this free forex trading system from your mind. Trading forex can be fun at times. This trading system is designed for trending markets and works only in trends. So, you should be using it preferably on trending pairs such as the GBPJPY or GBPUSD etc... Higher timeframes should increase the accuracy of the signals and also the profit target. I hope you will enjoy this new free forex trading system in your trading toolbox. Would like to hear back. Source