Trade the Events for a Simulated Forex Trading

This is the little known secret most traders neglect.Why do i choose this option?Three factors led me into this;an average person that works 9am to 3am does not have enough time to trade,even if you have enough time,you are not interested in an epileptic way of earning cash.You win some you lose some,I don't like this method.
Now let's get into real business.Our daily profit aim is 20 to 30 pips daily.We pick only 20 to 30 pips and we leave the market for the large 90% losers.
Long before now,it's really been hard to put this system into a simple and clear terms,hence the reason why most traders tend to ignore this aspect of trading.One basic advantage this trading system gives you is that it does not keep you watching charts,candles you may neverget to understand very well in a short term.Even if you fully understand technical analysis,there is still 99% chance of your making money and you loosing the money too often.Erase all what you've learnt.Try this system on your demo account for 3 days or better still a whole week.You might just be tempted to start out the third day.But i'll still tell you to demo trade for 5 good days to make you perfect.Events rule forex.That's is the simple truth.Ironically,the FX market's greatest profit opportunity is also the most intimidating kind of trading.Forex as it were deals with our day-to-day activities.Every trader must be able to adopt his or her own psychological trading best for him or her.All indicators cannot be the determinant of the price in the market.
Forex deals with history,and history will always repeat itself.I heard one of the Forex gurus saying that if you trade on technical analysis ,i.e. using the indicators and chart,you could get about 60% result in your trading but it is subject to no event no occurence(like war,outbreak of diseases,rumors of war etc.)Don't forget that history repeats itself in forex.If it's true that history repeat itself,that tells me any event that happened in the past and would always have almost the same result if it occurs again.We will be using this website.They provide us with all the major events in the world.Log on to www.fxstreet.com/fundamental/economic-calendar/events/ or www.forexfactory.com there you will see different events as they occur at different times.When you get to this site,set the time frame to your local time.There are three colors,red(A) which means high impact,orange(B),which is medium impact,and yellow(c)which means low impact.These three colors have a lot to do with your trade.You have to know what they stand for and how you can apply them.If you see the color symbol,it means that there will be a rel volatility in the price trend and it is likely that 100 pips is released for that move of the price either going up or down.So what you need to do is to look for the time frame at which it will take place and target about 50 pips out of it,but i'll advice 40 pips.If for instance there is 3 times red colour and 7 orange colours which mean a real volatility will occur.So if you trade those 3 times PLUS 9 times orange occurs,you probably will have 130 pips for the day.This does not appear always.Please note that the orange color will only give you some pips which will not be as much as the red color.At least it will give you 40 pips at a move.So what you need to do is to target about 10 pips at every move per time.But the last color yellow,you should not trade it because it will be moving 5-10 pips.So i won't advice you to trade this time.Let me say this,if you don't know this system you will keep staying behind the computer everyday and still be reaping meager amount.It is always adviceable to click the read text at the end of the events item as to learn more about the events.For more information Click Here!