EURUSD Trading System by CopperChips

EURUSD Trading System by CopperChips

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Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

EUR/USD Forex Strategy
Imagine that a forex trader has been watching the EUR/USD range trade and suspects that, because no important economic release or news item is expected, the exchange rate will continue to range trade. Based on this, the trader employs a range-trading forex trading system that says to buy whenever EUR/USD falls to cross the lower Bollinger Band as shown in the chart, Trade Start, and sell whenever EUR/USD rallies to cross the upper Bollinger Band. As is evident over the period of the chart, EUR/USD tends to move back within the trading range whenever this happens.

Get EURUSD Trading System by CopperChips at Salaedu.com