I am still beginner in forex world but I am so near from Achieve my goal
Simply my goal is how to use forex to make some kind of fixed and regular income with minimum degree of risk
I can explain that with few steps
1-search about pair his weekly chart move inside horizontal channel
2- The difference between upper edge of that channel and lower edge will the maximum losses
3- Now you can choose the amount you can trade based on maximum losses you can stand and do not trade with more than 20% from your capital fund
4- Wait to see the prize in the middle of that horizontal channel in the weekly chart.
5- Try to guess the direction to know if you will sell or buy.
6- for example if you decide that the prize will go down your action will bel short.
7- Sell with no more than 20% of the total amount (total amount not more than 20% from you capital fund).
8-if you guess come true collect your profit and buy when the prize at the bottom of that channel.
9-if your guess is false you can divide the distance between the middle of the channel to upper edge to another 4 areas,
Do not close any position
At the end of each area sell with another 20% from the decided amount before
10-you will have 5 opened position each one can be save your last losses happen
11- It necessary to do not close any position.
12- All of these position must not exceed the total amount you trade with (this total amount don't exceed 20% from the original fund,
With time and practice, you can find that you can make fixed regular income in long time.
13- Steps from 6- to 12 can be vice versa if decide to buy instead of sell if you direction guess is long not short as pervious example.
This way don't require to be an expert in forex world just find pair or metal have horizontal channel movement in weekly chart.
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