Do you know the phrase, “the trend is your friend?” If you’ve been trading as long as I have, then you know that the trend is not really your friend, but momentum is centralex Momentum is what drives the trend, and when the momentum is gone, then the party is as good as over. If you know how to trade with the momentum, then you’re well on your way to Forex trading success!
Without a doubt, Forex momentum trading is the best source of quick and easy Forex trading profits if you get it right. Otherwise, you’ll be banging your head against the wall enduring all those frustrating whipsaw trades! Today, if you’re still trying to find your way to successful momentum trading, there are 3 fundamental keys that will help you to trade like a pro. By the end of this article, you’ll know how to trade with the best momentum timing, the best momentum pair and the best Forex momentum strategy.
The first key to successful Forex momentum trading is to trade at the right times. Momentum and volatility tends to come only at certain specific times throughout the trading day, and one very lucrative trading period for momentum trading is the London open. The London open is when all the European traders start putting their trades into the market at the start of their trading day, injecting a huge amount of liquidity and momentum into the markets. This happens from 6.30 a.m. GMT onwards like clockwork, day after day. The markets will literally experience an explosion of momentum that will drive the price to break out of the consolidation range it was stuck in for hours beforehand.
The second key to successful Forex momentum trading is to trade with the right momentum pair. It’s a known fact that some currency pairs are inherently more volatile than others, and the most volatile pair of all is the GBP/USD. Volatility is a bad word for most scalping traders, but it’s essential for the success and profit for any Forex momentum strategy. That’s because the more volatile the currency, the more momentum any move will have to carry your trades into big profits. With the GBP/USD pair, moves of 100-200 pips are the norm, and these huge moves often happen within the span of just one or two hours! Another great thing about the GBP/USD pair is its 3 pip spread, compared to 5-8 pips on the other GBP crosses. With all these factors considered, specializing in the GBP/USD pair is the best thing that you can do starting out in Forex momentum trading.
The third key to successful Forex momentum trading is what brings the first two keys together, and without this key your momentum trading doesn’t have a prayer of succeeding. As you may have already guessed, the most important part of Forex momentum trading is to have a Forex momentum strategy that works! Otherwise, there’s a very real chance that you will get burned even though you have the right timing and are trading on the right currency pair. The best Forex momentum strategy that I know trades only once a day, and can be traded manually for just 10 minutes a day, or even run on complete autopilot for you.
Okay, I don’t want to keep you in suspense any longer, so here it is. The best Forex momentum strategy I know is called Forex Morning Trade, and is one of the best kept Forex momentum trading secrets right now… but it won’t stay that way for long. That’s because Forex Morning Trade has been returning 300 pips a month on average for the last 6 months, and it’s an extremely consistent and reliable Forex momentum strategy. Forex Morning Trade comes with very clear and easy to follow instructions, and I literally set all the charts and installed the expert advisor in less than 10 minutes! So if you’ve been searching for the secrets of momentum trading success, then why not save yourself a lot of time testing your own systems and losing your hard earned capital by buying Forex Morning Trade? It’s the best investment I’ve made for any Forex momentum strategy, and I’m confident that it will be yours as well.
Thad B. is a Professional Trading Systems Developer who has developed and managed dozens of profitable trading systems over the years for a private hedge fund. Forex trading systems are his passion and expertise, and he has a wealth of helpful resources available for any serious Forex systems trader.