Daily Forex Trading Strategy (Passive Income Forex Trading)

🌟 Learn the Forex strategy that has a 71% win rate with a 1 to 1 reward to risk ratio - www.tradethema... 🌟
Daily Forex Trading Strategy (Passive Income Forex Trading) // In this video I want to strip things back and go super simple. I want to teach you a daily forex strategy that will allow you to generate profits based off of a forex price action setup.
There are many forex swing trading strategies out there but most require fantastic candlestick analysis abilities and let’s be honest, most new traders find this sort of subjectivity difficult to deal with.
That is why I have combined a forex moving average strategy with forex price patterns. It allows you to put context around the price and help you identify the high probability opportunities a little easier.
‪@AlexOng‬
• Daily Forex Trading St...
#forextrading #dailyforextradingstrategy #forextradingforbeginners #forextradingstrategies #forextradinglive #forexpriceaction

[@AlexOng]

Thank you for watching. This is really a great strategy for generating profits from your forex trading and literally takes no time at all once you get used to it. If you have any questions, please let me know 😃

[@rogercutler2128]

It works very well on a trending market. The problem is you don't know in advance, as the 10 crosses the 100 MA, whether it will stay above/below; or will it cross & re-cross continually? Several losses, could occur before you realise you are in a sideways market; whipsawing you to pieces & causing severe account depletion.

[@dorathyprincewill3100]

Can I use this in 4hours chart

[@AlexOng]

Dorathy Princewill yes absolutely 😃

[@AlexOng]

BOXING MMA WORLD the lines are exponential moving averages. The 100 and 10 are the ones I am using here. Go to indicators to add them .

[@rickylafleur7378]

Great video mate I’m going to try it

[@HowardLeek]

What should do with this strategy with regards to important news being released ?. Should you exit out of these currency pairs with upcoming news as unsure of the outcome ?.

[@AlexOng]

This is a personal choice. Generally I hold my positions as I already have a view on the news, plus these are longer term trades, but if you feel safer closing or moving your stop into breakeven that is ok too

[@ianmortenson2633]

Hi Alex, this looks great and thanks for posting it. I have one question: Do you use Simple or Exponential Moving Averages? Thanks again, Ian

[@AlexOng]

Hi Ian, I use the exponential MA's

[@johngreydanus2033]

Subtitles ON, pause at 3:52 thank me later

[@wwx89]

Does this work for all forex pairs, crypto and gold and silver too.. Basically any market?

[@johngreydanus2033]

Price action is price action. Breakout of daily highs, does that happen for all forex pairs, crypto and gold and silver too?

[@Anthonyij]

I use 200 and 20 EMA for this strategy. I have been using this same strategy since 2020

[@geniuslee6337]

hows it being going

[@johngreydanus2033]

I use 220 and 22 EMA for this strategy. I have been using this same strategy since 2022

[@googoo554]

Great video, thank you so much for sharing. Much appreciated

[@AlexOng]

You are welcome :)

[@johngreydanus2033]

Some people are easy to impress, I'm waiting for the video where they show an actual account and say here is how I traded this method during the previous 3, 6 or 12 months, and here are the actual profits, and a few trades that won and a few that lost.

[@navketan1965]

If holding forex trades for 2-3 days & entering on 15 minutes chart action,what should be Guiding time frame chart for trend direction.If one uses daily for trend,then trader is paying for overpriced merchandise marked up over many days.Going with 1H trend for direction,the trend can flip on A dime. Decent trend on 4H chart is not going to flip on A dime. I think that 4H trend is optimal for direction.Objective is to buy on correction & to keep stop loss 30-50 pips for risk control.Seek your wisdom.

[@marcusfranconium3392]

Question , do you live in a morphing house as in every video your room changes?

[@AlexOng]

Haha I blame my Mum! she loved rearranging rooms and swapping things around in the house and it seems to have rubbed off on me 😂

[@marcusfranconium3392]

@@AlexOng But in ernest great videos with educational value , And with football trading as beginner did my research looked at all scoring statistics and forms , looked at how the markets worked , then used your advice combinded the strategies over under and doubled my initial 10 euros in just a few trades. Great fun with minimal risk . Looking forward to more videos.

[@AlexOng]

@@marcusfranconium3392 Nice return!

[@marcusfranconium3392]

@@AlexOng i thought so just using small 2 euro stakes to gaining experiance and a feel on the different strategies . Made a set of rules a time/ trade line based on your videos and the small amount of experiance i gotten since trading and results are getting better and better.

[@andrewmukherjee1871]

Sorry do say 100 ema and 100 ema both emas or both simple moving average ?

[@stephenconner-py1gk]

Loving this video. I'm trying to use this forever when I'm trying to teach others. I thoroughly enjoyed from California!

[@stephenconner-py1gk]

That's what I'm talking about thanks Alex.

[@JessandBenTravel]

Good video! What platform would you suggest to use?

[@AlexOng]

I use TradingView :)

[@JessandBenTravel]

@@AlexOng Thanks! Will check it out.

[@Terry3-ju3uo]

I'd really love to know which chart platform Alex is using. It shows all his strategies perfectly.

[@AlexOng]

I use TradingView :)

[@yadavdabee3765]

What program do you use to trade

[@Jhon-tl5gg]

Thanks Alex

[@AlexOng]

You are welcome :)

[@ForexChartSignals]

Thanks for sharing

[@AlexOng]

You are welcome :)

[@Playeriyo20]

Is completly true I didnt' saw it that way untill you mentioned it, when I started my first live account with only 200 $ dollars I was scaling ir fairly easy with a simple suport and resistence and EMA strategy I was like 350 $ in a week or soo with an average of 75 % winrate then because I was not good ar risk management I decided randomly to let a trade go against me and not stop it because I wanted it to go back but it was breaking structures too if I knew that was a loss and didn't held to it I wouold have lost like 30 $ max insted I took a damn 320 $ loss that blew my account and since then I started aducating watching stuff like suply and demand trading strategys of all kinds and I became soo bad at trading from then and blow a couple small accounts again with those random strategys now I only use my own strategy that works for me and that's it and I make consistent money

[@akay4856]

Hey, what startegy have u found most successful ? 😊

[@scorpionbubai]

I like your strategy, but I don't have such a big account to hold on to a trade for that long. So, is it possible to apply the strategy on a shorter time frame?

[@_Island_Boy]

Bro it's forex.. Swap rate not that bad. This isn't options. There is more up trading than options. Time expiration is negligible

[@surfman88]

Love trading in hindsight 😊

[@AlexOng]

I know right…😂 it’s surprisingly accurate 😂

[@sudosu078]

Did I hear it right? You said buy when prices are going up and sell when they are going down??

[@johngreydanus2033]

Hello noob!