I have a strong desire to tell some facts about one of the most useful and profitable forex strategy which will serve you well if you add it to the list of the trading strategies for forex. This strategy will very soon bring you ready cash. The only condition is to use it in the correct way. There is requirement to use it only at the end of the first 15 minutes bar, when it is around midnight according to the Greenwich Mean Time. For this strategy you need to use such currency pair as GBP/USD.

There some tips that will help you to act correctly in order to get profit out of this forex strategy that only on that condition can show a good result. So, follow it.

1.Take into consideration the final price during the first 15 minutes bar chart after the midnight and use the GBP/USD currency pair.
2.Use 50 points that should be higher than the close when you go for a buy and there is a requirement that when you go for a close order you used another 50 points that are below the close.
3.Order the two placements by using stop loss of 20 points along with a limit order of 20 point. In such a way you will benefit.
4.Terminate the trader when one of them is sparked off.

Your expectations should be not lower than 74 pips per month if you use this strategy. Of course, you can say that it is not very much. However, try to think rationally. If this strategy is added to the other forex strategies that you use, your chances to earn a decent sum of money are much higher. Short stop distance gives possibility of ordering bigger trade sizes. If to talk about me, I can say that I get profit of the capital of 15,000 dollars and usually I use 20 dollars per pip when I enter. To count the sum of money that I have earned for the last year working with this strategy, I can proudly say that it brought me about 10 per cent of my capital.

I tried to use this forex strategy with the 20, 30, and 40 targets. The result was the following. I earned 960 points with the help of 20 point target, whereas with the help of 30 and 40 point target I received only 780. That is why I have chosen to trade only with the help of 20, because it is definitely a reliable choice.

However, I would advice you to use forex trading strategy as one of your own tools for forex trading. Although you may have encountered with the strategies that are not useful at all, you can try it and decide whether it works for you or no.

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