Actually, the name Frister chose for his strategy – Forex Trading Machine – is an apt description of the system itself, which is totally mechanical, meaning no interpretation, no confusion, no judgement, no tricks, and no vague chart formations. Combine that with principles which are easy to learn but extremely difficult to spot and interpret in real time, and you’ve got the essence of Frister’s trading system. Avi Frister presents three different forex trading strategies based solely around a mechanical model of trading. The focus of his book is on strict entry and exit rules and looking only at Price Action. Of the three strategies for trading, the Cash Cow strategy is the most popular because it bases itself on the volatility of two major trading currencies: the U. Dollar and the Great Britain Pound.
One reason why many like this trading strategy is because it only identifies three or four trading situations per month, which allows you the freedom to do other things besides looking at your computer screen all day. Go strategy may be more to your liking. USD pair – the most liquid of all currency pairs. Large profit objectives and VERY small stop losses are the objectives of this trading strategy. A mechanism that Avi created allows you to stay out of bad trades before you even know you are in a bad trade. Go will keep you out of this pattern.