Forex Divergence Strategy - Effective and Simple strategy to use Forex Divergence

Forex Divergence strategy - Get another forex trading strategy at http://www.ForexCandlestickMagic.com Forex Divergence is a very useful way to trade. Identifying divergence correctly can help in identifying times when market may reverse. However the key is to identify the divergence correctly. Typically traders should oscillators to identify divergence. Some of the common oscillators used are MACD, Stochastic, RSI and other indicators. MACD is one of the most reliable indicators when to comes to finding divergence. When divergence is to be analysed in forex trading, there are two common forms - Positive Divergence and Negative divergence In Positive Divergence, the MACD is in upword direction and currency pair is in downward direction. For example, if the price is making lower lows but MACD is making higher highs, it is Positive divergence. Watch the video to see some examples. The opposite is true for Negative forex Divergence. In this, currency pair makes higher high for example but MACD will make lower highs. By the way, for more examples, you can also check http://www.investopedia.com In Forex Divergence strategy, once the divergence is identified, it is key to use a confirmation indicator. This confirming indicator can be chart patterns (such as double top, double bottom, head and shoulder pattern etc), forex candlestick patterns such as doji patterns, reversal patterns etc. Don't trade on Forex divergence without a confirming indicator. Otherwise the trade will be too risky. Watch the video for other precautions to be taken while using Forex Divergence as trading strategy. Also I have included some good forex divergence examples. https://www.youtube.com/watch?v=NJMRHmte0DM

Comments

1. Have you being struggling to put money into your trading account with forex trading, Have you spent hours watching the tutorial videos on how to become a profitable trader online, Do you want to have money consistently coming into your trading account. If the answer to all of these questions are yes then you probably aren't doing something right,listen most pro traders have brokers that they personally speak with daily or use algorithms to better there chances of not losing money.
   So hear is a fantastic new scalping method that will get you 200+ pips per day with super accurate and very fast signal generating technology no experience required if you want to find out more click the link http://wp.me/p8alCe-y Gain the advantage.
2. We are excited to introduce the “MT5 FX EA”, one of the best trading Forex Programs.
   
   Check a sample LIVE account from which we withdrew more than $1,205,000 during 7 months of trading, around $172,000/month. It’s only ONE account. And we have more accounts like this on our website.
   Please check the account below to see the proof:
   
   BROKER: WVC
   LOGIN: 31000
   PASSWORD: wvc123
   SERVER: 74.84.136.122
   
   Please take your time to look at our website where you can find the best proofs for our Robot performance and check more Live Accounts: www(dot)mt5fxea(dot)com
   
   Let us know if you have any questions! Let's make much money together!!!
   Email: info@mt5fxea.com
3. Do you have a complete forex strategy or system
4. I’m currently making 3% on my £1000 every month and would like to diversify my portfolio does anyone know any other trading company that does fixed returns.