Strategies for CFDs - Techniques of successful traders - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans

Strategies for CFDs - Techniques of successful traders

A strategy for CFDs trading consists of two parts. First part is the actual trading strategy according to which the trader searches for interesting trading opportunities which are expected to be profitable. The trading strategy may include e.g. the analysis of price graphs or following economics news. The second part is money management - money management tells you how to wisely manage your trading capital and reasonable choose the amount of a single trade.

Indicators for price graph analysis

This list for the time being mentions trading indicators which are used for technical analysis in the MetaTrader platforms and the subsequent placing of trades with brokers. Everyone uses a different strategy for trading CFDs. But it is important to mention that you should never trade without enough skill or enough testing and experimenting, always look for detailed information which you understand. If these indicators interest you, make sure to read detailed articles about them.

  • Bollinger bands (BB) - these are bands around prices. They are based on the standard deviation, so for example with the setting of Sdev=2 the price moves inside the specified range 97% of the time and in just 3% of all cases it is out of this range (above or below the range).
  • Volume indicators - these are excellently explained e.g. in books from Anne Couling
  • BandWidth (width of Bollinger bands) - when the volatility is higher, the bandwidth increases and vice versa
  • Simple Moving Average (SMA) - one point on the graph represents the average of closing price in e.g. the last 30 periods (a period can be e.g. 15 minutes).
  • RSI (Relative Strength Index) - a technical indicator that compares recent gains to recent losses.

Financial market events calendars

Forex Factory (forexfactory.com) - website which offers a free event calendar

These calendars allow you to browse through the months, weeks and days and view important trading events which have the potential of moving with currency values or stock prices. A good fundamental strategy for CFDs is as follows: regularly watch these calendars and watch out whether there is some event that may move with the price of an asset you are trading.

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My method cannot be used everywhere. Most banks and traders do not know what this method is about. And even when they do know about it, they would never, under any conditions, provide it to ordinary people. That's why it's very important to choose a reliable licensed broker who will allow you to make money. These are my two favourite brokers. Register with one of them - or even both of them. They both offer advice, video tutorials and a personal adviser - absolutely free.

Try out the strategy with a demoversion:

  Binomo

Tiburo Corporation Ltd
A modern broker with a small minimum required deposit
My quick tip: The broker allows nonstop trading including the weekend with trades from as little as $1
Minimum deposit: $10
 

  Binary Option Robot

This program can play instead of you. :-) All you need to do is to install it, register and make a deposit. The robot will then automatically recognize how to bet and it bets and clicks on everything for you.
My quick tip: I recommend this tool especially for complete beginners because you only have to turn your computer on and the software makes money on its own.
Minimum deposit: $250
 
 


  vivi (154.113.16.*) wrote

Does it work for Nigeria

I'd like to try this, but I'm really really broke. And I need details on how it works. I'm from Nigeria.

  Dennis mutembei (154.79.141.*) wrote

About the credit card    Olympic trade

Am a Kenyan and our currency is the Kenyan shilling so how do I withdraw money from the Olymptrade after winning or how should I get the credit cards to earn money

  kareem jide (197.156.250.*) wrote

a fresher     Olymptrade

new to it , kindly please help me

  May Liosi (103.43.144.*) wrote

Information

I am from Papua New Guinea and I would like to know more on this opportunity.

  Dayyan Ahmed (110.36.183.*) wrote

How to make money online for a teenager?

Hi,my name is Dayyan Ahmed. I am a teenage boy who needs to help my family financially, i belong to a middle class family and am currently doing Alevels so I thought of trying something to earn enough to hold my own expenses,to get my burden off my parents and to learn about what to do to earn money easily. Thankyou for your time reading my comment. Have a good day sir!

  nickley mwanamwale (165.56.52.*) wrote

i would love to learn how to make money    nickley mwanamwale.com

i would love you to teach me how to make money, am 21 years and am from zambia

  omokolade sunday (197.210.54.*) wrote

does it work here in Nigeria ?

How do i register from here in nigeria? Need your reply right now.

  Abdoul Rachid (41.203.141.*) wrote

Information    i dont have

Hello, how was your day. Can your tell me more about this system of making money.
thank you in advance

  Trevor Edwards (41.113.85.*) wrote

HELP    Binomo

Hi Scott,
I really need help to understand your strategy. I was able to win 5 trades yesterday on the USD/CHF Pair. But your strategy eludes me.
Trevor.

  anthony (141.0.12.*) wrote

make money    opera mini

How to make money

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