Forex Cloud is a forex trading system. This forex trading system is used to trade in time frames like hourly and four hour time frames. Forex Cloud System is a trend following system. Forex Cloud System is a very simple forex trading system. The beginner traders and experienced traders can use this forex trading system to generate consistent money by trading in the forex exchange business. Forex Cloud System basically consists of a forex cloud indicator. The simplicity of this indicator has made the trading job easier.
Persistent practice is needed to master this trading system. You need to believe in the system and practice it without any doubt. Once you start to doubt about the system and look for something else you will never make money in this industry. When the Forex Cloud System is correctly installed in your trading platform, your chart should look like this:
- Forex Cloud Indicator
Forex Cloud Indicator consists of clouds which help you to determine the support and resistance levels. Besides helping you determine support and resistance levels Forex Cloud Indicator helps you define entry and exit points as well. When the clouds appear below the market or when the clouds are green, you should be buying. Similarly, when the clouds are above the market or when the clouds are red, you should be selling.
Buying Conditions Using Forex Cloud System.
- Market should be trending upwards.
- The Forex Cloud indicator should be green.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the Forex Cloud indicator turns red.
Selling Conditions Using Forex Cloud System.
- Market should be trending downwards.
- The Forex Cloud indicator should be red.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the Forex Cloud indicator turns green.
Download Free Forex Forex Cloud System
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