The Guide To The Forex Training Guide

Finding the Best Forex Robot - Your Ultimate Guide

2009-12-07T01:05:00.002+07:00

What Is A Forex Robot?

Basically, a forex trading robot is a program that attempts to make predictions based on market data and suggests which courses of action the forex trader should take. It is a computerized application that tries to take the conjecture out of stock trading. At the present, you will find tons of truths and half-truths about these programs floating around the internet. If you want these programs to be effective, you need to know and understand how they work, how to use them correctly, and where they are best applied.

How Does It Work?

As mentioned earlier, a forex trading robot is a computerized application that makes use of the market data in order to make predictions. It examines the stock price fluctuations and other market movements, and then estimates when the best time is for the trader to buy and/or sell. It assists the trader in identifying which stocks fulfill specific criteria or when they can operate in a particular way.

If you check on the internet, you will find that majority of these programs call themselves the best forex robot for this one particular selling point-that you just need to set the program, allow it to do its magic, and watch tons of cash come pouring in. This may work for some but there is actually no guarantee that you will earn money buy just relying completely on these programs.

They still need human intervention if they are to be effective. With the right amount of intervention and the correct manipulation of the program, it can be an extremely powerful tool for any trader.

How Do I Choose The Best One To Buy?

The best forex robot offers the biggest possible advantage for any forex trader-it never sleeps. At least for some, that is. Saying so, you must make sure that the program you will buy can function 24/7. Second, in the forex industry, calculations are critical. One wrong calculation could make the biggest difference.

Thus, you must see to it that the algorithms used and the mathematics being implemented are correct, have been researched well, and compute accurately. The best way to know if this requirement is satisfied is by reading testimonials and reviews of the program.

And third, you should choose a program that does not require you to put up front an extremely large investment. Forex trading involves spending money to gain money but you need not put everything you have on the line.

Conclusion

Forex robot software is a breakthrough system in current forex trading. It is not a scam as long as it has proven system behind it and you can test it easily. In my opinion, it is also the best ways to go no matter you are an investor, new trader, or experienced trader.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

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Forex MegaDroid Robot.

Automatic, 100% Hands-Free Forex Robot Uses Rcpta Technology And Breaks All Records. Amazing Conversion Rate Due To Great Reviews And Marketing/Product Originality. Last Robot We Launched Achieved

How Many Of These Robots Have Been Designed By People That Actually Understand That A Truly Profitable Strategy Is One That Is Accurate In EVERY SINGLE Market Condition?

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Amazing Automated Forex Robot.

One Of The Most Advanced Forex Robots On The Market Today, This Robot Is Famous For Not Having Any Losses. Multiple Time Frames, Trend Detection, Advanced Algorithms, Incredible Profit! Hot Seller!

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IvyBot #1 Forex Trading Robot.

The Most Awaited Automated Forex Trading System Has Finally Been Released And Affiliates And Customers Alike Are Eating This Up! Revolutionary Technology Puts The Power Of 4 Robots Into 1 Power Packed Money Making Machine. You Can't Miss This One!

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I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Forex beginners: Learn about risk in Forex trading

2009-12-02T13:08:00.003+07:00

Foreign currency exchange, or so call FOREX, had become one of the best home businesses you can venture in nowadays. By trading foreign currencies thru Internet, theoretically now one can now make money at anywhere, anytime. For the new comers, Forex is the world largest trading market, yielding an average of $1.9 trillion daily turnover. As the majority who trade FOREX are speculators, FOREX is also well known as the most liquid trading available.

Nowadays, we are seeing increasing numbers of Forex investment opportunities as well as Forex traders in all over the world. As loses in Forex can be huge, it is best advise that beginners to learn about the risks involve in Forex trading with Forex Training first.

Often we heard that getting started in Forex trading is easy and instant. All you need is a computer with Internet connection and a funded Forex account with foreign currency exchange broker. However, the hard part is who to open the Forex account with (meaning who should we appoint as our Forex dealer)?

Forex market is a non-centralized market. There is no common market place for Forex traders and there is no so-call 'standard' in foreign currency exchange price. Different Forex dealers offer very different deals to their customers. As an individual FX trader, you depends solely on the dealer to make a transaction in your trades, thus picking up the right dealer is extremely crucial in your risk.

How can a bad dealer cheat on your money?

Often a bad dealer is not totally scams. They are smart persons that trick money from traders that are not well-aware. These dealers, often known as retail market makers, will often encourage their clients to trade on margin and set stop loss orders, which allow the market makers to close out trades almost at will during busy markets at prices they have set. If the market maker does not offset the trader's position, the loss generated when a stop loss is triggered becomes the market maker's gain.

Trade prices are easily skewed one way or the other depending on the retail trader's position, which is known by the market maker. Traders can be encouraged to take risky positions just before major economic announcements. If all else fails, the market maker can quote extreme prices (known as spiking) to trigger stop loss orders while the client is at work or asleep. The vast majority of retail FX traders are not profitable. For those losing retail speculators, much of the funds they had on deposit will be, in some form or another, transferred to the market maker.

How can leveraging makes you lose money?

Leverage is the key for profiting in Forex. Forex dealers often allow their clients to trade with high margin. Margin trading refers to the leverage amount given to the traders to make purchase in the FOREX market. Typical FOREX margins can go up to 100 to 1 or even 200 to 1 where traders are given the power to buy 100 to 200 times more than what they can afford. With high leverage rates in Forex market, traders often find themselves controlling a big sum of money with a little cash put on the table.

Yes, margin trading might sounds attractive as 1,000 cash in a 200 to 1 margin rates account will have the power of purchasing currency worth $200,000. It magnifies the ROI of the trades with less money outlay on the table. But, as most experts say, leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position the more spread income the broker earns. Not to forget the market does not always go in the direction you want, leveraging can magnifies your ROI in your Forex trade but it as well can turn your losses big.

Conclusion

As the article is meant for FOREX rookies, you probably are one of the rookies looking for the best way to get involved in the FOREX market? However, there is no quick answer for the question you are asking. Trading in FOREX is not as simple as it seen from outside. Especially there's margin involved in FOREX trading, you might lose a lot of money in the beginning and learn your lessons in a hard way. Take all the time you need to learn this new trading skill well -- practice everything you learn with a demo account before you consider going 'live' with your own money. Seminars, eBooks, Internet, papers, as well as video courses are all your needs to get involved. I wish you good luck and good profit making in your FOREX trades.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

A Beginner's Guide to Forex Currency Trading - Try Before You Buy!

2009-12-01T17:54:00.002+07:00

Forex currency trading (or Foreign Exchange trading) is one of the most lucrative forms of stock trading today. The Forex market was once limited to lending institutions and government banks, but is now open to all investors. If you are currently a stock investor or are interested in stocks, then you don't want to miss the amazing opportunity the Forex market offers. More than $2 trillion dollars in currencies are being traded daily with Forex currency trading!

This brief beginner's guide will explain what Forex currency trading is and how it can benefit you. Also, the guide will show you how to avoid the pitfalls of Forex currency trading.

Explanation of Forex Currency Trading

If you're familiar with the stock market, then you already know how much research it takes to keep up with the thousands of companies in the market. You could spend hours per day trying to find stocks with the most profit potential and the least amount of risk. With Forex currency trading, this element of trading is almost non-existent. Why? Because Forex currency trading focuses on one type of stock - foreign currency exchange rates.

Buying and Selling in the Forex Currency Trading Market

With Forex currency trading, you are actually buying or selling a "pair" of foreign currencies online, by phone or other methods. "Pair" means two currencies that are being compared by pip, or a common denominator between the two currency values. Bids are placed for the pair based on what buyers are willing to pay. An asking price is what sellers are willing to take at any given time.

For example, you might buy Euro dollars with your US dollars, so you are actually buying the EUR/USD pair. The pair will either increase or decrease, depending on what buyers are willing to bid, giving you a gain or loss for your investment.

The rise and fall of pips in Forex currency trading will depend on each country's foreign exchange rate. The exchange rates can be affected by interest rates, unemployment rates, inflation, national events or disasters. If you have ever traveled to a foreign land, then you understand that your own currency could either be worth more or less than the currency of that nation.

Forex Currency Trading Leverage

Many Forex currency trading firms will allow you a leverage of 100:1 for your trading. Some will offer even more. If you have a 100:1 leverage, you can invest $1,000 of your own money, but trade $100,000! You can actually double your money with an increase of only one pip. However, you can also lose your entire investment with a decrease. This could equal big profits or losses, so be sure to consider the risks before jumping in with both feet.

Major Benefits of Forex Currency Trading

There are several major benefits of Forex currency trading. The Forex market is non-stop. You can trade 24 hours a day easily online from your own home computer. Though the risk is high, the profits can be tremendous. There is also a very high leverage with Forex currency trading, giving you more trading freedom than ever. There are no brokerage or commission fees to pay, and no restrictions on short selling.

Avoid Pitfalls in Forex Currency Trading

There are a few things to watch out for as a new investor. Be sure to choose a dependable registered broker. Be sure to research the company before you commit. Avoid trading mishaps by trying out a Forex currency trading demo first. There are some great demos available on the Web to help you become familiar with the Forex market and how it works. Most Forex currency trading brokers will allow you to have a free 30 day trial of their software making "paper" transactions to see what you can do. Beware of those companies or websites that promise "untold riches" with the Forex market. As with any investment, there is always risk no matter what their claims.

Forex currency trading is a fabulous business opportunity, but without the usual headaches of running a company. Understand your risks, start small with your investments, and watch your portfolio grow with Forex currency trading!

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

A Beginner's Guide to Trading Forex Options

2009-11-30T21:12:00.002+07:00

Like the cash Forex markets, the forex option markets were long the preserve of banks, financial institutions, and large companies looking to hedge their positions. However, the advent off technology and the proliferation of the Internet has seen increasing numbers of small and retail investors participating in the market.

A contract on the cash Forex markets and the obligation to buy or to sell is unconditional and has to be met. An option on the other hand, is the right without the obligation to buy or sell, and the holder of the option has the discretion on whether to exercise it or not. Also unlike the Forex markets where when you buy one currency, you are sending another, this is not true of the Forex options markets. In an option, the right to buy (known as a call option) is distinct from the right to sell (known as a put option) and the two are entirely separate transactions. In other words, you can buy without a right or an obligation to simultaneously sell and vice-versa.

The right to buy or sell in an option is called the strike price, and the date up to which it is valid is called the expiration date. The amount payable for the option is called the premium and is the only investment that is required. In other words, the maximum loss that can offer on an options contract is limited to the premium that has been paid. If on the expiration date, the holder of the option would incur a loss by exercising the option, he has a right to let the option expire without using it. This is called an "out of the money." Option. Also note that in an American style option, the option can be exercised at any time up to the expiration date. In a European style option, the option can be exercised only on the expiration date.

Like all Forex traders, the option trader should also follow the markets to analyze the trends and see on what terms he wants to trade options. This same software that is used in Forex trading is also helpful to the option trader in assessing which way the markets will move and sending out the appropriate trading signals.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

A Beginner's Guide to a Fibonacci Forex Trading Platform

2009-11-30T21:08:00.003+07:00

Have you heard the about the Fibonacci series being used in Forex Trading? A series going on as 0,1,1,2,3,5,8,13,21 etc may look simple enough but has a great significance. But if we have a look to currency trading the Fibonacci ratios tell a different story i.e. .236, .618, .50 etc.

Have you ever cared to assess the nature of the Fibonacci charts? A closer look to them and you shall notice the strange similarity. The varying peaks in the charts follow the Fibonacci ratios very closely. Even if they are not to closest dollar or cent the changes reflect the predominance of the ratios.

So for a change you know of the next change in price just by assessing the Fibonacci ratio. On the Fibonacci chart the limit of the peak is known as the resistance level. The valley point is called the support. So a great opportunity lies in store for all the brokers who can plan your strategy and predict the value of the next rise or drop in accordance with the trend of the economic market.

A practical Fibonacci book on Forex Trading will allow you to gain knowledge on following the next instructions:

Identification of low risks points at the earliest.
Cement yourself firmly before any major transaction occurs.
Enter strong changeovers only when you are sure of not having to cater to stop losses.
Allot time for a necessary retracement and then move onto a fresh trade.
Predict logically the future profit targets.
Try to make losses as low as possible.
Locate high probability trades.
Use the known steps to indicate your growth.

Prices never follow the linear rule. You ought to be prepared for any switchover. Be it stocks, Forex or futures prices may leap ahead or retrace back in leaps and bounds. The strange aspect is the proximity to the Fibonacci ratio value. The application of Fibonacci to Forex trading is very complex. You may not succeed at the first attempt but even professionals do end up long faced in this assumption.

You must be aware of not to blindly accept a market turn at a Fibonacci level. It may change at the blink of an eye. Always be open to surprises. Stick on to the techniques to evaluate the level where the Fibonacci series might take your next Forex trade occurrence.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

The Forex Beginners Guide

2009-11-28T21:08:00.005+07:00

Trading in foreign currencies, also called forex, allows trading 24-hours a day, five days a week, in the largest and most liquid market in the world. If you are interested in working part-time, and possibly earning a living sitting at home, then you have come to the right place!

On this site, you will find all the resources you need to get started trading in forex with forex beginners guide, for free:

1. Introduction to forex trading
A brief introduction on the forex market

2. Beginner's Guide
An essential handbook covering important aspects of forex trading

3. Articles & Tips
Articles on formulating strategies, managing risk, and more

4. Glossary
A dictionary of common forex terms

5. Links
More valuable forex and business resources online

After you have understood how the forex market works with forex beginners guide, it is best to first experiment with a free demo account. You can sign up with any online trading service, and should try out several to see who you feel comfortable with. Starting up in the forex market doesn't require a large sum of money - you can start with as little as $25, and may even be able to deposit money using your credit card.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Review : FAP Turbo Forex Robot

2009-11-28T21:07:00.002+07:00

FAP Turbo is one of the popular forex trading robots which proved to work. During the last couple of years, there have been many automated forex trading systems that have created a lot of hullabaloo in the market and guide to forex. However, quite a lot of of them have turned out to be completely worthless, and have resulted in their supporters suffer money loss.
But one of the most dependable platform for auto forex traders also guide to forex has to be Fap Turbo forex robot. Let’s see what makes FAPTurbo better than the other forex software and guide to forex programs available in the market.

As you log onto the Fap Turbo site, you’ll discover that this forex system is not based on complete speculation, but is in fact a working ‘forex trading robot’ for forex beginners guide. According to the founders - Steve, Mike, and Ulrich, by Automated Forex Robot and guide to forex they mean an entirely stand-alone system which is capable of working out potential revenues based upon historical and present days; and buys and sells forex based on the amount of freedom the user leaves to the robot.

How it Works:

When you sign-up for FAP Turbo you’ll receive your very personal welcome software system and access to your VIP Members area also a guide to forex with forex beginners guide. Inside the members area you will get unique license key which is required for running the forex robot. Once the forex trading robot is installed on your computer, you can follow the step-by-step training instructions or guide to forex to get the forex software work for you. After you have understood the basic operation of the software, run the FAP turbo and let it trade automatically.

Do I have to leave the computer on all day?
You can either install the software on your computer and keep the computer running all the time or, you can get the software installed on FAP server computer which will run 24 hours without any downtime.

Price: ~~$399/month~~ US $149 One Time Payment
Return & Refund Policy: FAP Turbo offers a 60 day money-back guarantee if you are not happy with the guide to forex.

DOWNLOAD HERE

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Beginners Guide : A Guide to Finding the Best Forex Robot

2009-11-28T21:05:00.001+07:00

One may not be able to find the best robot to work for him unless one fully understands the ins and outs of the trading business and read the guide to forex. Trading business is not easy. It requires fast work, thinking and analysis. If one cannot do these, then you might just find another business to get into.

This is maybe the reason why many traders take advantage of having a forex robot as partners in their trading with the help of the guide to forex. These robots are programmed to do the trading for their masters. These are equipped with systems that can quickly analyze the changes and movements that are happening in the forex market. As we all know, there is constant movements in the market everyday. A trader must be able to monitor the trades 24/7 if possible. Humans may have to rest for awhile but machines can continuously work without interruption. And this is what traders need in order to keep up with the never ending changes in the forex market.

To be able to find a best forex trading robot, one must first identify what a trader really needs from it. Usually, robots can monitor and update trades without interruption. Aside from this, it should also be able to know which trades to join and not. It should do the analysis and computation on how possible winnings could be. In other words, the best forex robot is one that can assist a trader with the tasks pertaining to his trading business. And also be able to provide earnings and profits from the business. Most robots can do the labor but not all can give high percentage of winnings on a trade.

Before picking a robot, one must do some research on the different types and compare their differences and similarities. Check on those that fit your style. Check on the manufacturer if it has a good reputation. And lastly, do some trials on the robots. This will let you see the usability of the system.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Beginners Guide : Forex Guide For Beginners

2009-11-28T21:02:00.001+07:00

The popularity of forex trading is rising with more and more people joining the elite option of working from home. As a beginner, however, you might find it difficult to start trading and become frustrated and discouraged by pitfalls and hidden touches. What is the right way to start trading and what are the steps towards becoming successful in forex?

First of all, educate yourself with the guide to forex. Forex trading is not easy and requires every-day education. You have to be serious and dedicate decent amount of time to understand the basics. I suggest reading articles, forums, blogs, e-books, sign up for forex courses or seminars, make new online and offline friends in trading world. You will need all the information and encouragement to pass the probation period of a new trader and start making a living with forex. Speaking of e-books, try not to fall for the paid-all-over-advertised e-books. There are enough quality free stuff.

Once you know the "theory" it is time to practice. Free demo accounts are offered by most of the forex brokers, so the next task is to find the "perfect" broker. Keep in mind that there are tones of average brokers, some are outstanding scammers and only few are reputable and trusted. And even though you will not deposit any real money yet at this stage it is wise to find the right broker from the start.

In order to avoid scammers, you will have to visit forums, read forex brokers' reviews, search for brokers' rating and ask advice from other traders with a guide to forex. Whenever you seek an advice via forum make sure not to believe all the responses right away. Check out the profile of those who answer your question, when did they join the forum and how many posts do they actually have before answering your question "who is the best forex broker?". Chances are that a trader with hundreds posts is honest and the recommendation is valuable while a user that has just recently joined and have less than 50 posts doesn't know much, or worse, is just a representative of a scammy broker.

Once you have chosen the broker to join, open an account and get the trading platform. Some platforms are downloadable while others are web-based, some are user-friendly and others are more complicated suitable for professional traders. Before you start practicing with demo account make sure you are well aware of all the function and features of the trading platform. The last thing you want is to find yourself unsure where to click in order to enter or close a trade.

Most forex brokers offer demo account for a limited amount of time, let's say 30 days or so. It is important to exploit this opportunity to the fullest and polish the trading plan and your forex strategy. Most traders I know recommend demo trading like mad for at least two months before you move to the next step - investing real cash.

At some point demo account will no longer be enough and the real trader instinct will emerge. The need to trade will bother you from the start of the forex experience, but there comes the day when you will actually be ready to take the plunge.

In most cases the trading platform will take you from demo account to the real account in the matter of seconds. The next question a trader might ask is how to make funds with the selected forex broker. There are quite a number of options when it comes to payment methods - credit card, wire transfer, checks and alternative online payment methods such as PayPal, neteller, moneybookers and similar. Every forex broker offers a certain number of payment methods and it is up to you to find out which method is most suitable. Please take under consideration that some brokers charge a fee for withdrawing, for example.

Make sure that you know all the terms and conditions of the broker before you make the deposit.

Speaking of deposits, this is the time when bonuses come in handy. Forex brokers today compete with each other providing different kind of bonuses, competitions, prizes and VIP services. Most favored are welcome bonuses which come in form of free money upon your first deposit. The amount money you get for free is calculated by either percentage or there is a fixed sum for a certain amount of funds deposited. For example, some brokers give away 10% of the deposited funds, others offer $100 upon a deposit of $300, another matches your deposit with 100% bonus.

When you start trading live it is wise to go slow and small with the guide to forex. Don't invest thousands in one go - try live forex trading with couple of hundreds first. Make sure to trade only the amount you can afford to lose and be ready to lose it! Mistakes are the normality in forex trading. It should not shock you that the results you get from real trading differ from demo account. It is all about experience and patience.

While getting your feet wet in forex, you need to work on the psychological issues as well. Most problematic features most traders have are greed and fear. It is your job to figure out the way to deal with losses, overtrading, missed traders, fear of entering a trade, fear of sticking with it and difficulty of following your own trading plan.

It is tough out there in forex land and only if you take it seriously, as a business, as a real profession, as a full-time job, you find a true trader within.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Beginners Guide : Everything You Need to Know

2009-11-28T20:59:00.001+07:00

Forex trading is an interesting interaction between two players in the market, and a person who can speculate better wins the deal. If in the other form of interaction and trading also guide to forex it is necessary for the players to have minimum education, in foreign exchange trading as long as the person knows how to hedge, speculate and read the market movements and the changes in the rates of the paired currencies then he can be a successful player in the foreign exchange market with the help of a guide to forex.

In the most basic transaction set-up, a player can profit in the US Dollar and Japanese Yen currencies if he can buy one currency at a low price and sell it at a higher price. This kind of trading is formally done in foreign exchange market, and the market operates non-stop, 24/7. The traders that are involved in forex trading perform hundreds and thousands of trades each day as these traders continue to buy and sell currencies and at the same time exchanging market information.

Players who are into this form of trading are well-informed and guided with the current market, a guide to forex and economic news. Political and economic news have a say in the fluctuations of the rates of these currencies, and even just a slight movement in the rates can spell the difference between profit and debt. To put the size of the market in proper perspective, it has been estimated that around $1.2 trillion is being traded every day for a number of purposes. Persons who are into forex trading are driven by varying motivations though it can be said that the most common denominator is the pursuit for profits.

There are four specific reasons why people trade currencies:

1: Traders buy or even sell currencies in order to support their import and export businesses. If one business from country A needs to buy raw materials from country B, then it is often a requirement for country A to buy the materials of country B using the currencies of country B.

2: Foreign exchange trading is performed as part of direct foreign investment

3: In many cases, traders are into this market so to profit from the short-term fluctuations of the exchange rates. There will be times when rates for one currency may go down, and speculators can take advantage of this by buying the currencies at their low level and selling these currencies the moment the rates stabilizes and improves.

4: And for many governments and institutions, foreign exchange trading can be used as a way to buy foreign financial instruments.

Traders involved in forex trading should know that the market is volatile, and currency rates move at a fast rate. This is the challenge for those who are active in this market with a guide to forex. Another challenge for participants is to effectively predict the participants in the market and when they can correctly anticipate the strategies of the other players then they can act first and be at the winning end of the deal. Understanding the complex world of forex trading is really hard for the first timer. But there is one simple rule that should not be forgotten on how to make money in this market with help of a guide to forex- buy currency at a lower price and sell it at a higher price. Or a trader can anticipate when the market is on a slump; capitalize by selling and buying it back at a lower price.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Welcome to The Guide To Forex

2009-11-25T22:09:00.004+07:00

Where you will learn how to start trading in forex online and find guide to forex trading.

Trading in foreign currencies, also called forex, allows trading 24-hours a day, five days a week, in the largest and most liquid market in the world. If you are interested in working part-time, and possibly earning a living sitting at home, then you have come to the right place!

On this site, you will find all the resources you need to get started trading in forex, for free:

1. Introduction to forex trading
A brief introduction on the forex market

2. Beginner's Guide
An essential handbook covering important aspects of forex trading

3. Articles & Tips
Articles on formulating strategies, managing risk, and more

4. Glossary
A dictionary of common forex terms

5. Links
More valuable forex and business resources online

After you have understood how the forex market works, it is best to first experiment with a free demo account. You can sign up with any online trading service, and should try out several to see who you feel comfortable with. Starting up in the forex market doesn't require a large sum of money - you can start with as little as $25, and may even be able to deposit money using your credit card.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Essential Elements of a Successful Forex Trader

2009-11-25T21:37:00.001+07:00

By Jimmy Young

All the foreign exchange trading knowledge and guide to forex in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery �You gotta be in it to win it�, trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.

You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.

However, once you learn to control your fear and a guide to forex, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue � you�re overconfident and not focused enough on the risk you're taking.

Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who is overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence)with a guide to forex. A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.

Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.

The difficulty doesn�t end with �pulling the trigger�. In fact what comes next is equally or perhaps more difficult. Once you are in the trade, the next hurdle is staying in the trade. When trading foreign exchange, you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.

For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.

The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like �what if news comes out and you wind up with a loss�. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).

So your fear is just a baseless annoyance. Don�t try and fight the fear. Accept it with a guide to forex. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld, �Live in the now man�. Worrying about "what could be" is irrational. Studying your chart and determining an objective exit point is reality based and rational.

Another common pitfall is closing a winning position because you are bored with it - its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he re-enters the game, he is a serious threat to gain more yards � this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains � so why close it?

If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you�re a natural gunslinger and reckless, you will need to tone your act down a notch or two. If putting your money at risk makes you a nervous wreck, its because you lack the knowledge base to be confident in your decision making.

Patience to Gain Knowledge through Study and Focus
Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months. Some are initially successful, and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.

To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

10 Tips for Online Forex Traders

2009-11-25T21:36:00.004+07:00

By Abe Cofnas

Without a doubt, trading is more than a few quick tips for success. You need experience, fortitude, capital, guide to forex and, above all, a solid trading system. However, for beginners and those who are perhaps losing their focus amid significant drawdowns, keeping things simple can introduce much-needed focus into your trading.

To that end, here are 10 tips for trading e-forex that can help you get a handle on these exciting markets.

For small accounts especially ($25,000 and under), trade with the trend. Many beginners look for trades in any direction. While forex trading easily permits bi-directional trading, trading in the direction of the trend improves your odds over the long run.

Have two accounts. One real account and the other a demo account. Learning doesn't stop when trading real dollars begins. Keep the demo account and use it to test alternative trades, alternative stops, etc. For example, you can shadow your real trades with identical ones in your demo account, but widen your stops in the demo in an effort to see if you're being too conservative.

Stop looking for leading indicators. There aren't any. While some firms make a lot of money selling software that predicts the future, the reality is that if those products really worked, they wouldn't be giving the secret away.

Examine daily charts, four-hour charts and one-hour charts to time your trades. While trading at 30- and 15-minute time increments is doable, it takes a great deal of dexterity.

Don't trade the time frame. Trade the pattern. Reversal patterns, hesitation patterns and breakout patterns appear often. Learn to look for the pattern in any time frame.

If you're properly funded, trading two lots is safer than trading one. Trading three lots is safer than two. Trading is a synthesis of emotions, technical analysis and money management. One lot makes it difficult to weigh these elements in deciding to enter or exit. Two lots is easier and, providing you have the capital, three lots is optimal.

Extreme trading can be the most conservative trading. Trading at the extremes � when prices touch or break or bounce off trend, support or resistance lines � increases the odds that you have chosen the correct direction.

Scan the Big Five - the dollar/yen, euro/dollar, Swiss franc/dollar, euro/yen and pound/dollar � before you decide to take a position in any one of them. There might be something obvious you're missing.

Follow the Upside Down Rule. If you can turn a chart upside down and it looks the same, stay away.

Don't count profits in your first 20 trades. Keep track of the percentage of wins. Once you know you can pick direction, profits can be increased with multi-plot trading and variations in using your stops. In other words, now is the time to get serious about money management.

Abe Cofnas is the president of Learn4x.com, an online educational Web site for e-forex traders.

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Market Activity Schedules

2009-11-25T21:36:00.003+07:00

time zone market�activity	Sydney AST	Tokyo JST	London GMT	New York EST	Los Angeles PST
Australian start	9:00	7:00	22:00	17:00	14:00
Japan fundamentals	10:50	8:50	23:50	18:50	15:50
Asian Open	11:00	9:00	0:00	19:00	16:00
Asian slowing	14:00	12:00	3:00	22:00	19:00
European Open	18:00	16:00	7:00	2:00	23:00 prev.day
Eurozone fundamentals	18:45 ...	16:45 ...	7:45 ...	2:45 ...	23:45
London Open	19:00	17:00	8:00	3:00	0:00
UK economic�figures	20:30	18:30	9:30	4:30	1:30
New�York Open	0:00	22:00	13:00	8:00	5:00
USA economic�figures	0:30	22:30	13:30	8:30	5:30
London Close	4:00	2:00	15:00	12:00	7:00
US Closing (IMM)	7:00	5:00	20:00	15:00	13:00

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

45 Ways to Avoid Losing Money Trading Forex

2009-11-25T21:35:00.000+07:00

This article looks at the most common reasons why professional and new traders lose money on the forex market. Instead of learning from failure, learn how to avoid it with a guide to forex.

Knowledge Deficiency � Most new forex traders do not take the time to learn what drives currency rates (primarily fundamentals). When some news or a statement is due out, they close out their positions and sit out the best trading opportunities; they are taught to only trade after the market calms down. So essentially they miss the whole move and then trade the random noise that follows a fundamental price move. Just think for a moment about technically trading the aftermath of a price move; there is no potential.

Overtrading - Trading often with tight stops and tiny profit targets will only make the broker rich. The desire to �just� make a few hundred dollars a day by locking in tiny profits whenever possible is a losing strategy.

Over leveraged - Leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position, the more spread income the broker earns.

Relying on Others � Real traders play a lone hand; they make their own decisions and don�t rely on others to make their trading decisions for them; there is no halfway; either trade for yourself or have someone else trade for you.

Stop Losses � Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade, commit to a reasonable stop loss limit that allows your trade a fair chance to develop.

Demo Accounts � Broker demo accounts are a shill game of sorts; they�re not as time sensitive as real accounts and therefore give the impression that time-sensitive trading systems, such as short-term moving average crossovers, can be a consistently profitable trade; once you start dealing with real money, reality is quick to set in.

Trading During Off Hours � Bank FX traders, option traders, and hedge funds have a huge advantage during off hours; they can push the currencies around when no volume is going through and the end game is new traders get fleeced trying to trade signals. There is only one signal during off hours � it is better to stay out.

Trading a Currency, Not a Pair � Being right about a currency is half a trade; success or failure depends upon being right about the second currency that makes up the pair.

No Trading Plan - "Make money" is not a trading plan. A trading plan is a blueprint for trading success; it spells out what you see your edge as being; if you don�t have an edge, you don�t have a plan, and likely you�ll wind up a statistic (part of the 95% of new traders that lose and quit).

Trading Against Prevailing Trend � There is a huge difference between buying cheaply on the way down and buying cheaply. What was a low price quickly becomes a high price when you�re trading against the trend.

Exiting Trades Poorly � If you put on a trade and it�s not working make sure you exit properly; don�t compound the damage. If you�re in a winning trade don�t talk yourself out of the position because you�re bored or want to relieve stress; stress is a natural part of trading, get used to it.

Trading Too Short-term � If you�re profit target is less than 20 points, don't do the trade; the spread you pay to enter the trade makes the odds way against you when you go for these tiny profits.

Picking Tops and Bottoms - Looking for bargains works well at the supermarket but not trading foreign exchange; try to trade in the direction the price is going and your results will improve.

Being Too Smart � The most successful traders I know are high school graduates. They keep it simple and don�t look beyond the obvious; their results are excellent with a guide to forex.

Not Trading Around News Time � Most of the big moves occur around news time. The volume is high and the moves are real; there is no better time to trade fundamentally or technically than when news is released; this is when the real money adjusts their positions and as a result the prices changes reflect serious currency flow (compared to quiet times when bank traders rule the market with their customer order flow).

Ignore Technical Conditions � Determining whether the market is over-extended long or over-extended short is a key determinant of near-time price action. Spike moves often occur when the market is all one way.

Emotional Trading � When you don't pre-plan your trades, it is essentially a thought and not an idea; thoughts are emotions and a very poor basis for doing trades. Do people generally say intelligent things when they are upset and emotional? I don�t think so.

Lack of Confidence � Confidence only comes from successful trading. If you lose money early in your trading career it�s very difficult to gain true confidence; the trick is don't go off half-cocked; learn the business before you trade.

Lack of Courage to Take a Loss � There is nothing macho or gutsy about riding a loss, just stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Getting married to a bad position ruins lots of traders. The thing to remember is the market does crazy things often so don�t get married to any one trade; it�s just a trade. One good trade will not make you a trading success; rather, it is the monthly and annual performance that defines a good trader.

Not Focusing on the Trade at Hand � There is no room for fantasizing in successful trading. Counting up and mentally spending profits you haven�t made yet is mental masturbation and does you no good. Same with worrying about a loss that hasn't happened yet. Focus on your position and have a reasonable stop loss in place at the time you do the trade. Then be like an astronaut � sit back and enjoy the ride, there is no sense worrying because you have no real control; the market will do what it wants to do.

Interpreting forex news incorrectly � Fact is the press only has a very superficial understanding of the news they are reporting and tend to focus on one element and miss the point. Learn to read the source documents and understand it for real.

Lucky or Good � Your account balance changes don�t tell you the whole story about your trading; fact is, if you are taking a lot of risk and making money you will eventually crash and burn. Look at the individual trade details; focus on your big losses and losing streaks. Ask yourself this - if I had a couple of consecutive losing streaks or a couple of consecutive big losses, how would my account balance look. Generally, traders making money without big daily losses have the best chance of sustaining positive performance. The others are accidents waiting to happen.

Too Many Charity Trades � When you make money on a well thought-out trade, don�t give back half on a whim; invest your profits from good trades on the next good trade.

Courage Under Fire � When a policeman breaks down the door to a drug dealers apartment, he is scared but he does it anyway. When a fireman climbs onto the roof of a burning building, he is scared but does it anyway - and gets the job done. Its the same with trading - it�s OK to be scared, but you have to pull the trigger; no trigger = no trades = no profits = no trader.

Quality Trading Time � I suggest 3 hours a day of quality, focused trading time; that�s about all your brain allows. When you are trading, you must be 100% focused - half way is plain bullshit and does not work. Don�t even think that time spent in front of the computer watching the rates has any correlation with profitability; it doesn�t. Spend less time but when you are trading, be 100% focused.

Rationalizing � Killer. Absolute Killer. Put your trade on and let it run. If it hits your reasonable pre-determined stop, you're out. Moving your stop is like getting up after being crushed with a knockout blow; it�s pointless, things will only get worse. Don�t ignore the obvious - you are wrong, so get out. Come back the next day and try again. A small loss will not hurt you, but a catastrophic loss will.

Mixing Apples and Oranges � Have you ever done this: you see the EUR/USD trading higher, so you buy GBP/USD because it �hasn�t moved yet�. That's a mistake. Most of the time the reason the GBP/USD hasn�t moved yet is because its already overbought or some 4:30am UK news was bearish. Don�t mix apples and oranges; if EUR/USD looks good, buy EUR/USD.

Avoiding the Hard Trades � Bank FX traders have an axiom: the harder the trade is to do, the better the trade. This I learned from experience - when I needed to buy EUR/USD and it was hard to get them, that�s when it is necessary to pay up and get the business done. When it�s easy to get them, then sit back and wait for better levels. So if you're trying to get into a trade or more importantly get out of a trade, don�t putz around for a few points; get your business done.

Too Much Detail � If you are trading more than 2 indicators, then you need to clean house. Having many indicators stifles trading and finds reasons not to trade. A setup and a trigger is all you need.

Giving Up Too Easy � Your first trade of the day may not be your best but certainly it�s no reason to quit. I have a preset daily trading limit and I use it; you can�t make money by making excuses. Getting trades wrong is natural and should be expected.

Jumping the Gun � Don�t be penny wise and dollar foolish; wait for your trade signal to be clear. Put on your trade and give it a decent size stop loss so that you don�t get knocked out by random noise. Do trades and don�t buy lottery tickets (extremely tight stops).

Afraid to Take a Loss - Trading is not personal; it�s business. Don�t think that a poor trade is a reflection on you. It could be you are just ahead of your time or a commercial order hits the market and temporarily creates a small unexpected move. Again, place your stop beforehand and NEVER increase your pre-determined risk. If it�s going bad, it will probably get worse; I think that�s Einstein �in motion stays in motion��

Over-Relying on Risk Reward � There is zero advantage in risk reward; if you put a 20 point stop and a 60 point profit your chances are probably 3-1 that you will lose; actually with the spread its more like 4 to 1 (from entry point if it goes down 17 points you lose or up 63 you win; 17/63 is close to 4-1).

Trading for Wrong Reasons � Because the EUR/USD is going up is not in itself a reason to buy. Buying EUR/USD because its not moving is even worse; you�re paying the toll (spread) without even a hint that you will get a directional move. If you are bored, don�t trade - the reason you are bored is there is no trade to do in the first place.

Rumors � Rumors are rumors almost 100% of the time; think about where in the motion you heard the rumor. If EUR/USD is up 50 points in last 15 minutes and the rumor is dollar negative, well then you missed it. Whenever you trade, determine where in the motion you are entering.

Trading Short-term Moving Average Crossovers � This is the money sucker of the century. When the shorter term moving average cross the longer term moving average it only means that the average price in the short run is equal to the average price in the longer run. For the life of me I cannot understand why this is bullish or bearish. Easy to set up on software, complete with lights, bells and whistles, and good for the seller getting thousands for the software but in terms of creating profit, it�s a zero.

Stochastic � Another money sucker. Personally I think this indicator is used backwards; when it first signals an overdone condition, that�s when I think the big spike in the �overdone� currency pair occurs. To be overbought means strong and oversold means weak. Try buying on the first sign of overbought and selling on the first sign of oversold; you�ll be with the trend and likely have identified a move with plenty of juice left. So if %k and %d are both crossing 80, buy! (Same on sell side; sell at 20)

Wrong Broker � A lot of forex brokers are horrible; get a good one. Read forums and chats in several different places to get an unbiased opinion.

Simulated Results � Watch out for �black box� systems; these are trading systems that don�t divulge how the trade signals are generated. A great majority of them are absolute garbage. They show you a track record of extraordinary results, but think about it - if you could build a trading system with half a dozen filters using the benefit of hindsight, couldn�t you too come up with a great system. Of course going forward is an entirely different story. High-speed number crunching capabilities allows for building great hindsight trading systems; BEWARE.

Inconsistency � Every business (forex trading included) requires a business plan (trading plan). Unless you have taken the time to write down a set of rules that you can and will follow, it�s likely your trading will remain unfocused and directionless. Make a plan, have rules, follow them, set goals that are realistic, and you will achieve them.

Master of None � Focus on one currency for technical trading. Each currency has a unique way of trading and unless you get intimate with it, you will never truly understand its underlying idiosyncrasies. Don�t spread yourself too thin. Focus � master one currency at a time.

Thinking Long Term � Don�t do it. Stay in the moment. Especially if you�re a day trader. It doesn�t matter what happens next week or next month, if you are trading with 30 to 50 point stops restrict your thought process to what�s happening right now. That is not to stay the long-term trend is not important; it is to say the long-term trend will not always help you when you are trading in a significantly shorter time frame.

Overconfidence � Trading is not easy; statistics show a 95% failure rate. If your doing well don�t take your success for granted; always be on the lookout for ways to improve what you�re doing.

Getting Pumped Up � The trick is to maintain an even keel. When you are in a trade, you want to think exactly as you would if you didn�t have a trade on. To do this requires a relaxed disposition; this is not a football game. Don�t get psyched up, relax and try to enjoy it.

Staying in the Game � I don�t recommend demo trading because traders learn bad habits when trading with play money. I also don�t think �letting it all hang out� right away is wise either. Start off doing trades and taking risk that is relatively small but still makes a difference to you if you win or lose. About a quarter to a third of what you expect to reach as your trading matures is reasonable.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Forex vs Stocks

2009-11-25T21:34:00.000+07:00

Investment in various stock exchanges and the forex market has seen a dramatic increase in recent years. Let us look at some of the advantages of trading in forex instead of the the stock market.

1. A forex trader can make a profit whether the market is bearish or bullish, unlike the capital market. Forex has no strict regulation in speculation, so a profit can be made through a long-term or short-term transaction. Because the forex market is a double-transaction market, forex traders can make profit in both upward and downward trends.

2. Forex traders can obtain a much larger transaction compared to the stock market, sometimes more than 100 times larger. According to the present US situation, a $1,000 investment in the stock market allows the investor to obtain $2,000 of stock domination property (a proportion of 2:1). It is not unusual for forex traders to execute transactions with a proportion of 100:1.

3. Forex traders can profit from the ordinary news, such as changes in interest rates. The forex market is highly-sensitive to the political, financial and cultural developments of various countries, and this volatility creates numerous opportunities for investors.

4. The stock market can only be traded on during daytime at a specific time, generally from 9:30am to 4:00pm. With a full-time job, it becomes difficult to take advantage of numerous trading opportunities. The forex market can be traded on 24 hours a day for 5 days of the week, so forex traders are free to trade during their free time after working hours.

5. Technical analysis plays a very important role in the forex market, due to the enormous daily trading volume (in excess of US$ 190 billion) - such a large market easily digests any forex trader's transaction cash. Under this situation, the accuracy of technical analysis is better than in any other financial market, and the chances of using technical analysis to make profit is also much higher.

6. In the stock market, there are hundreds of different kinds of stocks, which makes choosing a stock itself a very difficult decision. The forex market has a limited number of currency combinations; this enables forex traders to better concentrate on their investment, and calculate the return on alternate invesments (other currency combinations).

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Characteristics of Foreign Exchange Markets

2009-11-25T21:33:00.000+07:00

In recent years, the foreign exchange market favors more and more people as it becomes a favorite for international investors, and this is strongly related to the properties of the forex market. The main characteristics of the foreign exchange market are summarized below.

It is a market without a trading field
The finance industry generally consists of two sets of systems, namely the operation market and the business network. Stock trading is carried out through stock exchanges, like the New York Stock Exchange and the Tokyo Stock Exchange, that are centralised business financial commodities - they consist of unified procedures and intermediaries such that the quoted price and transaction time are the same across various brokers. The investor can buy and sell their holdings through any broker, therefore the stock exchange is said to "consist of a trading market and trading field".

On the other hand, foreign exchange transactions take place without any unification of the operation market and business network. The forex market has no centralised market like a stock exchange. The foreign currency trading network has formed into a global, non-formal organization that consists of an advanced information system. Forex traders are not required to hold a membership of any organization, but must obtain their colleague�s trust and approval. The forex market therefore is said to "consist of a market but no trading field". Each day, the trading volume in the global forex market runs into several billions of U.S. dollars.

Circulation work
Due to the different geographical position of the various financial centres, the forex market operates 24 hours each working day.

Early morning 0830 (New York time) New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong and Singapore open, before dawn 1430 Frankfurt opens, and at 1530 London market opens. The forex market therefore undergoes 24 hours of uninterrupted operation, from Monday to Friday each week.

This kind of continued operation, free from any time and spatial barrier is an ideal environment for investors. For instance, a forex trader may buy the Japanese Yen in the morning at the New York market, and in the evening if the Japanese Yen rises in the Hong Kong market, the trader can sell in the Hong Kong market. The freedom to operate in multiple markets provides an enormous number of opportunities.

Shift of Wealth
In the foreign exchange market, the exchange rate refers to the exchange ratio between the currencies of two countries. Fluctuations in the exchange rate change will cause one currency to lose its monetary value, and at the same time increase the monetary value of another currency. For instance, over 20 years ago a single US dollar bought 360 Japanese Yen, whereas at present 1 US dollar buys 110 Japanese Yen; this explains that the Japanese Yen has risen in value, and the US dollar has decreased in value (relative to the Yen). This is said to be a shift in wealth, as a fixed amount of Japanese Yen can now purchase many more goods than two decades ago.

In recent years, the size of the foreign exchange market fund has constantly increased, causing more exchange rate fluctuation every day, and urging this wealth shift to be larger.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

More resources on forex trading

2009-11-25T21:27:00.001+07:00

Forex Links

DailyFX - Forex News, economic Announcements, trading info, and online forums.

Eye On Forex - Forex tutorials, reviews, articles, and news.

Forex.com - 24-hour online commission-free currency trading with real-time execution and guaranteed fills.

Forexnews.com - Currency news updates, articles and in depth technical analysis.

Economic Calendars

Bloomberg Economic Calendar

Briefing.com Economic Calendar

Yahoo US Economic Calendar

Other Useful Links

CouldIHaveCancer.com - Information on the symptoms, prevention and treatment of various forms of cancer.

Find-A-Webhost.com - Your guide to the best web hosting and dedicated server deals online.

FindRingtones.com - Thousands of free polyphonic ringtones for your cellphone!

FindMIDIs.com - Thousands of free MIDI files and lyrics you can download, listen and share online. Great site for background music on webpages and MIDIs for use in karaoke.

Inbox.com.pk - Free web-based email you can access from anywhere, anytime. Sign up right now for yourname@inbox.com.pk!

Forex Glossary

2009-11-25T21:22:00.000+07:00

Feeling lost in forex jargon? Our comprehensive glossary, complete with terms and definitions of forex-related
words, allows you to know and understand market terminology.

Articles and Tips on Forex Trading

2009-11-25T21:21:00.001+07:00

Forex Market Characteristics
Understanding the foreign exchange market

Forex vs Stocks
A comparison of stock and forex markets

45 ways to avoid losing money trading forex
Do's and dont's for beginners and professionals

10 tips for online forex traders
Making the most of online forex trading

Forex Market Activity Schedules
Trade times in major global forex markets

Essential Elements of a Successful Forex Trader
Courage under stressful conditions when the outcome is uncertain

Beginner's Guide to Forex

2009-11-25T21:20:00.000+07:00

Your first step in learning how to trade forex online should be to understand how the forex market works. The three most commonly-used indicators are technical, economic, and candlestick analysis. Using these charts and graphs, you can make better decisions on when to trade, and which currencies to trade in.

The following tutorials are provided by RealTimeForex.com, and are linked below for your convenience:

Online Forex Trading

Types of Orders

Spot and Forward Trading

Types of Charts

Technical Indicators

Basics of Technical Analysis

Economic Indicators

Candlestick Analysis

To save the tutorials to your computer, simply right-click the links above and select "Save Target As...".

Introduction to Foreign Exchange Markets

2009-11-25T21:18:00.001+07:00

The forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets, hence investments appreciate or depreciate in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.

The main enticements of currency dealing to private investors and attractions for short-term forex trading are:

* 24-hour trading, 5 days a week with access to global forex dealers
* An enormous liquid market making it easy to trade most currencies
* Volatile markets offering profit opportunities
* Standard instruments for controlling risk exposure
* The ability to profit in rising or falling markets
* Leveraged trading with low margin requirements
* Many options for zero commission trading

Forex trading
The investor's goal in forex trading is to profit from foreign currency movements. Forex trading is always done in currency pairs. When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

Private investors can trade in forex directly or indirectly through:

* The spot market
* Forwards and futures
* Options
* Contracts for difference
* Spread betting

It is estimated that anywhere from 70% to 90% of the forex market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Exchange rate
Currencies are traded in pairs and exchanged one against the other when traded, so the rate at which they are exchanged is called the exchange rate. The majority of the currencies are traded against the US dollar (USD). The four next-most traded currencies are the euro (EUR), the Japanese yen (JPY), the British pound sterling (GBP) and the Swiss franc (CHF). These five currencies make up the majority of the market and are called the major currencies or "the majors". Some sources also include the Australian dollar (AUD) within the group of major currencies.

Margin
Banks and/or online trading providers need collateral to ensure that the investor can pay in case of a loss. The collateral is called the margin and is also known as minimum security in forex markets. In practice, it is a deposit to the trader's account that is intended to cover any currency trading losses in the future. Margin enables private investors to trade in markets that have high minimum units of trading by allowing traders to hold a much larger position than their account value.

Leveraged financing
Leveraged financing is the use of credit, such as a trade purchased on a margin. It is very common in forex trading, and results in being able to control $100,000 for as little as $1,000.

Risks
Although Forex trading can lead to very profitable results, there are risks involved: exchange rate risks, interest rate risks, credit risks, and country risks. Approximately 80% of all currency transactions last a period of seven days or less, while more than 40% last fewer than two days. Given the extremely short lifespan of the typical trade, technical indicators heavily influence entry, exit and order placement decisions.

Guide To Forex : How to Dominate the Forex Market With an Automatic Trading System

2009-11-25T21:06:00.000+07:00

The forex market is like the older brother to the conventional New York Stock Exchange. Currencies from around the world are exchanged with the idea being the same of getting in low and getting out high.

If you don't have the experience in the forex market or time to devote towards it, do yourself a favor and equip yourself with a forex automatic trading system early on like +30% of all traders to do the work for you so that you can both secure some early profits and learn how to competently trade yourself.

There are a number of different types of automatic tradings system and systems out on the market. Some programs act as stock pickers for the currency world, whereas others work to automatically keep tabs on the market around the clock and trade accordingly, reacting to changes in the market as they occur.

The latter of these programs was originally designed to cover small gaps and professional traders schedules here and there, but eventually the idea was conceived of expanding on this to cover the full 24 hour range of the market which is a major help considering this is like a full-time job and a half keeping tabs on it.

The bottom line is, if you don't have the time to devote to analytics yourself, you should help yourself to an automatic trading system to do the work for you. I recommend going for one of the more conservative programs as these boast the greatest winning rates. If you don't have the time to trade yourself, it's unlikely that you have the time to watch over the automatic trading system, either.

The more conservative automatic trading system will walk away with the most profits overall because of their more conservative trading protocol and the fact that they only go after lower risk/reward trades.

Guide To Forex : Make Forex Market Profit With Forex Robot

2009-11-25T21:05:00.000+07:00

Forex trading has been inviting a lot of people's interests to have business on. This is a source of fast paced money where trading is almost done in 24 hours. To be able to become a successful trader, you must also be a fast paced person. This means you have to do everything in high-speed or somebody else will win the trade. Fast thinking, analyzing, working and decision making are essential when it comes to dealing with forex trades.

This is why most traders today are getting a forex trading robot as their partners. These programmed system machines can do what human traders do. And the best thing about them is that they do not need to rest. These robots can do monitoring all day long without getting tired. And this is what traders need to keep up with the fast paced world of forex market.

Forex robots are fully automated and acts depending on how you set it. So, it only follows your settings as command. These trading robots can monitor and receive updates without interruption. It can also select which trades to join. This means that it has the ability to analyze and compute trades for better profit. There are even other forex trading robots that can predict the movements of the forex market for a given time.

The best forex robots are good partners in such businesses where quick results are needed. Systematized machines can quickly choose which trades can be profitable. And this can greatly help any trader, whether experienced or not. Though fully automated, it still needs your assistance to be able to perform well. In other words, you have to set it the way you want it to perform. Its settings should be able to follow your trading styles and needs.

On this thought, the robot still needs you to be able to become the best robot possible. And besides, these robots are man-made and just had the thinking of humans. It cannot be as efficient as they are today without the great minds of the human being who created it.

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Guide To Forex : Investing in the Forex Market in Times of the Global Credit Crisis

2009-11-25T21:04:00.001+07:00

The only thing that is certain is that things will continue to be in this chaotic state for the near future. The "toxic assets" from the sub prime lending market has turned the equity market into a very risky investment vehicle for everyone.

Given the state of everything, the only feasible investment vehicle left today, would perhaps be the Forex Market.

With around two trillion dollars turnover everyday, the Forex Market had remained resilient despite everything that had happened around the world during the global financial crisis.

No doubt, the liquidity of the Forex market gives it an edge over the rest of the other types of financial markets. And it is for this reason that many financial institutions and Forex traders regarded foreign currencies investments as a better alternative to other lesser liquid assets like shares or properties.

With trading occurring five days per week 24 hours per day, the Forex market holds a huge potential for every investor around the world.

A small trading deposit will allows you, a trading investor, to leverage your investment capital a hundred times fold. No other financial market provides the same investment opportunities than the Forex market. And in a credit starved economy, stretching your investment capital is even more crucial.

Nevertheless, for those who are new to Forex, trading in this dynamic market require that you have the proper knowledge to help you make your investment decisions. It is unlike gambling where you can place a "bet" on the movements of two currencies and hope for the best.

If that is your idea of a Forex trading strategy, then I can assure you that you will lose all investment capital in no time. Currency trading is full of technical terms and indicators that one has to understand first before anyone can formulate an appropriate trading strategy.

However, with the correct training and education, any would be investor can easily learn the trade and spot opportunities to make money for this ever growing market.

The movements that happen in the Forex market actually revolve around Economic fundamentals and technical analysis. For example, the current budget and trade deficit and low interest rates in the USA have lead to virtually almost every emerging currencies performing well against the US dollar during the last twelve months.

Each piece of economic news or data that reflect the state of the world's reserve currency will impact its value in relation to the other currencies of the world. By educating yourself properly, you can learn to pick up trends that will indicate which direction prices will go before you make your investment decision.

Despite the credit crisis, there was a tremendous jump in trading volume towards the fourth quarter of 2008. In fact, Forex was a major source of steady income for many banks around the world. It was also these profits from Forex that helped many of these banks to pull through the credit crisis.

With very limited options during these trying times, perhaps for many of you, the Forex market could be just the very option that you are looking for to help you overcome your financial difficulties just as it did for many global banks.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : The Forex Market Mindset Trap

2009-11-25T21:03:00.001+07:00

The Forex market can be a very dangerous place for those not operating from the proper mindset. Trading is almost entirely psychological and how you think about the market is the most important factor in determining your long-term trading success. An objective mind set is really what is required to succeed in the forex market. While many traders start out with an objective mindset towards the market, very few can maintain this way of thinking.

The difficulty in maintaining an objective market mindset lies in the fact that you can do an enormous amount of damage to your trading account extremely quickly in the forex market. Traders have access to an enormous amount of leverage in the forex market and leverage is extremely dangerous to someone who is trading from the wrong market mindset. So how can a trader achieve and maintain an objective mindset in the ever changing and volatile arena of forex trading?

The correct market mindset begins with not trading money that you can't afford to lose. You should not be trading money that you could possibly need to live on or that anyone else in your family might need. This is the first step in operating from an objective point of view in the market. Not needing the money in your trading account allows you to develop virtually no emotional attachment to anyone trade you enter, this is very important if you want to consistently make profits in the forex market.

Once we have confirmed that we are not using money we need for any day to day expenses we then can move on to the next most important factor in achieving and maintaining the proper market mindset; a truly profitable and easily definable trading methodology. We need an edge in the market, a definable and profitable edge is important because we need it to base our trading plan on. Money management is just as important, if not more, than your profitable edge. However, you need to first define your trading method before you can develop a money management plan.

Planning your money management scheme is the next step after you know what your definable trading edge in the market is. You to need sit down and map out how much you are willing to risk every time your edge appears in the market. Most traders cannot maintain an objective mindset while risking more than 2% on any one trade. This of course is only a general rule and really depends on the frequency of your trading, if you only trade once a month than you might be able to operate objectively by risking 5% per your once a month trade. However, if you are trading once a week or more than generally speaking 2% is the max you should be risking if you want to give yourself a realistic shot at not trading based on emotion.

I can recommend a very good trading method that will provide you with some solid strategies for finding a truly consistent edge in the market. Price action analysis is the best method I have found so far for trading the forex market. Once I discovered and implemented specific price action setups into my trading I was able to easily plan out my money management technique. This allowed me to remain calm and confident during every trade; thus achieving an objective market mindset. There are many ways to profit in the market, however you do it though one thing is for sure; you need to think objectively about all of your market related activities.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Robot Software - Too Good to Be True?

2009-11-20T19:57:00.001+07:00

If you have any interest toward forex trading, automated trading system is one of the features that can be very tempting for you since with the right system, you can just sit down and watch the profits roll in. For most traders, acquiring this "right system" is the most difficult task.

Until several years ago, the only option available to have this automated system is having a professional trader or forex trading company to do the analysis and trades for you. Today, the forex industry offers a better solution: the forex robot software. Basically, it is a program that designed to analyze the market, make decisions based on it, and execute profitable trades for you. It is sound too convenient that some people think that it is a scam.

Is it a scam? Is it possible to build such software that can beat the fluid forex market? I rather not call it "beat" because that would be mean you can score 100% winning trades from it. However, it is highly possible to create such software if the creator has a system that works to back it up.

How to identify a trading system that works? Simple; after accumulate all the winning and losses trades, you will gain profits at the end of the month. If you have tried forex trading and found that at the end of the month you loss more than you gain, I am 100% sure that you are in the wrong hand with the wrong system.

Every successful trader has a system that work for him to gain profits without fails. This system contain trading strategies that have been proven to create winning trades in different times when it is carry on with discipline. After all, no trader can make profits if they are affected by emotion such as greed or anxiety.

Based on those facts, it is absolutely possible to interpret this system into a set of rules and apply it to create a powerful forex robot software. Equipped by a system that works, the robot will carry it without exception; basically it will working like a clockwork by creates profits for you on regular basis.

These are the benefits of using a forex robot software:

1. Does Not have Emotion to Hinder its Job

The software will not feel any fear when the market is against it or greed when the market moves in its favor. Instead, it will make entry and exit as the rules said with proper risk management.

With that trait, a forex robot will not have doubt to execute a stop loss order instead of begging the market to turn into its favor. On the other hand, it does not have greed to influence its decision when closing a profits position.

2. Low Cost Automated Trading System

A forex robot software does not need to feed its family, going on vacation, commisions, or any other things that a human trader needs. If you have a large trading company that employ professional traders, you cannot accept small fees for each trades; it just does not makes business sense. Using a robot is a far better choice in term of cost.

3. Works 24 Hours

If you put it in a 24 hour server, it will keep working on analyzing the market and makes profitable trades for you 24/5. This ability creates various chances to spot every little movement in the market that potentially profitable. A human trader will collapse if he tries to compete with a robot in this area.

4. Leave All the Hard Works to It

Like any other forms of automated trading system, you can just let the robot do all the work and wait the money to roll in.

5. No Risk Involved

Most of the good forex robot software comes with 100% money back guarantee. During this guarantee period, simply create a dummy/practice account and test the robot. If by the end of the period, it does not do very well, you can always ask your money back. If by chance you are not satisfied with this test, you can always do a back test by using previous market data.

With a human trader, you cannot just ask: "Hello, I have created a practice account. Would you use it for two months so I can measure your trading skills?"

Conclusion

Forex robot software is a breakthrough system in current forex trading. It is not a scam as long as it has proven system behind it and you can test it easily. In my opinion, it is also the best ways to go no matter you are an investor, new trader, or experienced trader.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

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----------

Forex MegaDroid Robot.

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How Many Of These Robots Have Been Designed By People That Actually Understand That A Truly Profitable Strategy Is One That Is Accurate In EVERY SINGLE Market Condition?

----------

Amazing Automated Forex Robot.

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----------

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Megadroid Review - What to Do Before Purchasing a Forex Robot Without Costing You Money

2009-11-20T19:55:00.001+07:00

The improving technologies we have today is that people are looking for ways that requires them to make less effort and more time to themselves. Forex Megadriod robot is one of the most preferred online software in the Forex market. Investors became curious of its rapid popularity gain in the market. Is the effort and time they would be saving would also guarantee profit. Let us examine closely about the Forex Megadroid robot.

Like any other machines or software, it needs to be set up according to your preferences. The software is available online. After purchasing the software through the internet, it can be also downloaded in less than five minutes depending on your good connection to the internet. It also comes with a clear video tutorial that can refer to upon the installation of the software. After the purchase and set up, you can now start on trading.

It is as easy as it seems during the installation but this can really give good results? The software has an artificial intelligence systems that works on trends whether past or the present to predict the future movements in the Forex market. The Forex Megadroid robot contains the RCTPA short for Reverse Correlated Time and Price Analysis that is fully automated that does the work for you such as thinking and of course trading. Users of the Forex Megadroid robot would also need not to worry of the updates of the software. You just need to make sure it is functioning well consistently, running in your computer with good internet connection.

Another area to consider a good forex bot such as Forex Megadriod is the accuracy of its performance. Due to the artificial intelligence installed in the Forex Megadroid, it enables you to be 95.82% of the time accurate. It means that the software would be trading for you at the right time with only 5% or less error. Also, it was tested for eight years by the creators of the software upon releasing it to the Forex market. Covered areas are real trading accounts under real time and fluctuating market conditions and trends. To be sure that these were all correct, you can test the product by yourselves by investing what will happen to your one dollar.

The creators of the Forex Megadroid also offered after sales services. They provide customers online support for trouble shooting and queries about the software, its usage and application. The support system is available for consumers of the product twenty-four hours a day, seven times a week.

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It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Something You Should Know About Forex Trading Strategies and FAP Turbo

2009-11-20T19:54:00.000+07:00

Brokers also earn by serving as personal assistants of those who are not that knowledgeable in the field of Foreign Exchange Trading. In the absence of these people, placing of trade could be a risk for the trader's involved. This area of opportunity has been addressed through the invention of automated pilots called robots and one of the pioneers is FAP Turbo. It is also known as First Real Money Forex Trading Robot used by businessmen and ordinary people alike so as not to hire personal brokers anymore.

Novice and experts benefits not only from the assistance given by this robot but much more, every task about Forex Trading can be given to FAP Turbo. It has artificial intelligence giving it abilities to decide and reasonably place winning trades. It effectiveness has been visible since the year 1999 up to this moment. With a drawdown of only 0.35%, using this automated pilot is the same as winning every trade.

Since there are lots of forex trading strategies being adopted from time to time, it is very important to take note what makes FAP Turbo unique. First, it employs Short Term Scalping Strategy. Next, it has the Long Term Trading Strategy embedded on it as well. These two significant strategies deals with the desire currency pairs and the time frame involve throughout the trading period. These are the two major things about this robot that can be credited for a maximized profit and limited or controlled trade loss.

Online traders are also impressed with the performance of FAP Turbo having a success rate of 95.00% The back test equity curve and live testing result have direct correlation all pointing to an effective way of forex trading. When investing on the Forex Exchange, it is not a bad idea to invest with a robot that you can use for a lifetime with a great return to your starting capital.

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If you'd like to try an Automated Forex Robot that has been proven on video to double the deposit of my trading account in under 1 week, visit my site and see the Top 3 Forex Robots and learn how you can TRIPLE your Forex Account within a Weeks! Get the Latest Version of All Forex Trading Robots Via my Forex Robot Review sites. Updated Daily! Also See: Best Forex Robot Reviewed

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Five Reasons to Prefer the Shares Forex

2009-11-20T19:53:00.002+07:00

Currency prices are not vulnerable as shares

Cssohrim shares, have a limited amount of "volume" on a daily basis. The reason is that each stock has a specific number of shares on the open market. That market prices are determined by the number of people trying to buy or sell shares at a certain time. This makes the market vulnerable to price fluctuations large investors trying to buy or dispose of large quantities of shares. Forex market is so huge on the other side and many investors being less vulnerable to the power of one investor.

Lower collateral requirement Forex

While every broker in the stock market determines the allowable amount of collateral, restrictions in the forex market usually less rigid. This flexibility gives Forex investors a greater opportunity to get profits. There is huge profit potential which is one of the reasons why Forex trading very attractive to investors serious.

Forex is open 24 hours a day

Forex market is open at any time, anywhere from Monday to Friday. Newsletter contrast, if a new bursts while holding the shares, can work for hours until the market opens. Until then, there are thousands of invitations Purchase / sale waiting to open the market, which dramatically affects the price. Since Forex trading is open 24 hours a day and possible to act immediately when an important event occurs.

Forex liquid than shares

Forex is the largest market in the world, so there are always buyers match sellers and there is a better chance to receive a fair price and accurate transaction against a small volume of stock trading, where differences between the proposed acquisition offer of sale can be quite large.

Forex trading offers the advantage limiting risk

When buying shares committed to buy or sell a certain amount of product at a specific time and for one price. This means that if a disaster happens can lodge a position to bear heavy losses. Such a scenario does not apply since Forex position can leave at any time.

I tried many trading systems. Check out my finding about the best resource to learn about forex robot at forex wealth builder review; if you want to test your methods, visit the one with the world leading trading platform at forex review.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex and Forex Signals

2009-11-20T19:53:00.001+07:00

The acronym FOREX stands for foreign exchange and this exchange is the largest exchange and a financial market in the world. In earlier times, the retail investors did not have the access to this market and it was used only by big market players and financial institutions. But the times have changed and due to modern technology and internet, even the small time investors have started trading in the largest market in the world.

Forex is not an exchange in which stocks are traded. This is a market in which currencies are traded from across the world. The currencies are traded in pairs like USD/GBP, USD/JPY. The currencies market is a very high risk and high gain market due to the fluctuations in the currency market. This market is used by smart traders for hedging and speculation of currencies and to take long term profit taking. The four next most traded currencies are the Euro (EUR), Japanese Yen (JPY), Pound Sterling (GBP) and Swiss Franc (CHF).

In order to trade in the forex market, most retail traders make use of a service known as forex signal service. Forex signals are nothing but the triggers generated by automated systems based on technical data and market fluctuations. In order to make profits in the forex market, it is important that the trader is quick to react to the market. Time is the most important factor in the trade in forex market.

These forex signals are provided by many forex signal service providers. Some of these providers charge a subscription fee on a monthly basis while some of these providers give this service for free. The providers that provide this service for a fee usually has experts to filter the non relevant signals and send out only those signals which can be useful to the traders. For this service, they charge a premium to the customers. The free of cost service provides nothing but a computer generated signals which may not be accurate since they have not be reviewed by experts.

There are many forex signal providers available today and it is important that you choose the right one. Most service providers have different packages depending upon your requirements like instant notifications, availability of trading platforms, pay per signal etc. Since you are going to make buy or sell decisions based on these signals, it is imperative that the signals are fast, reliable and accurate so that you can invest your hard earned money at the right place.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Megadroid - What Do Forex Brokers Want From Forex Megadroid?

2009-11-20T19:51:00.000+07:00

The lvy league instantly appeared as the most dependable and reliable Forex robot in the trading world. It introduced as striking programmed software known as Forex MegaDroid, in the market. This robot has lots of facilities for the Forex brokers. It was created by Albert Perrie and John Grace the two very renowned ex- Forex traders.

The major purpose of developing this robot is to provide the traders a perfect, beneficial, reliable and easy to use method. It is also very supportive to its users. As It is the first robot which based on the RCTPA technology so the cluster of stakeholders and the group last 30 March 2009, commenced having a great misinformation. In the view of that the performance was 340.33%. Actually, this wonder mechanism has performed extremely well demonstrating its productivity in today's industry follow on to a net gain of 583.11% as in first week of May 2009, so increase was about 242.78% in the duration of the of a month.

Forex MegaDroid presently created 100% gainful traders for the previous months and apparently essentially achieved 95% winners per year for the last 8 years. In an ideal world traders of the Forex market never want to bear any loss or lose their money so if they which has already used by the masses then noticeably they will go for it any hasitation. This would demand concluding accounts or widening spreads or not permitting accounts to be started to work with the help of robot. So, utilizing a money making is not sufficient, you should be capable to trade it with any broker without any traders or other issues to handle. The makers were already conscious about all these problems that is because Forex MegaDroid is the only robot which has the ability of natural mechanism that makes it practically unpredictable to the traders.

The other important aspect of this machine is its reliability and technical help required by the clients from the time when the Forex MegaDroid introduced, it is understood that its client support is given good concentration because support tickets or email from the clients were properly answered by the makers. There are four well trained people who manage client support and resolve all the issues of the users. At last, the most advantages part is, there is no risk in buying this robot because it has 60 days of money back guarantee.

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It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Megadroid - Distinguishing Features of Forex Megadroid

2009-11-20T19:50:00.000+07:00

Automated forex trading has become the order of the day in the currency trading niche. A good number of forex traders are now using robots to trade currency. The benefits of trading with auto FX programs abound; there is ease in trading and you can carry on the trade without being physically present to monitor or aid trade. One of the auto-forex trading robots is the forex Megadroid.

· Ease of Use

This auto trading robot is easy to use; not just that, even the process of downloading and installing the software is simple and within 5 minutes, the installation is over. Besides, a visual aid in the form of a video manual accompanies the software to further simplify the installation and use of this FX trading software

· Integration of AI

Forex Megadroid is integrated with a high artificial intelligence that is capable of adapting to the ever-changing market situations. While this feature does not indicate that this auto trading system is perfect, however, it is a major breakthrough and it has helped in minimizing bad trades and frequent losses that typified forex trading before now.

· Accuracy

Forex Megadroid is characterized with high accuracy and precision in predicting the market trend. The accuracy of this auto FX is said to be 95% making loss trade almost not feasible, while maximizing profitable trade.

· Also, you can start up trade with a little amount when trading forex with this robot and subsequently increase the money as you watch the trend of events. You have the demo account to try out with before venturing into real trade with real money.

In all, forex robots have aided trade for forex traders; the joy of it is that you can trade with auto FX trading programs while away for other businesses. For those whose busy schedules may not allow to trade forex full time; they can now do so with currency trading robots while still keeping on with their other businesses. Forex Megadroid is one of the auto trading forex systems that aids FX trading automatically.

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It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Megadroid - The Key Features of Forex Megadroid - Helping it to Increase Your Profit

2009-11-20T19:48:00.002+07:00

Forex Megadroid, a new Forex robot introduced in 2009, is promising to make money for the traders with very low risk rate. In the past, many Forex robots had been launched with the same promises, but the success stories of this robot are very popular in Forex market. What makes it so well-liked is a big question. Here we will have a look on few features of the robot which makes it unbeaten.

Starting with the cost of this Forex robot, 97 $, is very economical. Like others, no per month subscription charges and no installation fees. The providers help in the installation process as well. Moreover, if buyer is not satisfied with the performance of robot, he can get his money back within 60 days.No big money is required to start trading with this machine. You can start with only one dollar. Traders can also start with demo account instead of investing real money.

Traders don't have to sit in front of the system for trading, the software of this robot execute everything for itself. It needs no human attention while working. Traders can attend their other jobs and this money making machine will carry on it work without any attendant. Furthermore, it works on new technology known as, RCTPA which stands for, Reverse Correlated Time and Price Analysis. This artificial intelligence technology makes future predictions possible. This latest technology enables this robot to trade with accuracy and takes its winning percentage to above 95.

In addition, automaton has great flexibility while trading. It changes its attitude with changing market conditions, as it can predict market drift for next few hours or even for a session. This quality of the machine makes it better then the others of the same kind. It trades on right peak times and lessen the chances of lose.

All the above mentioned qualities of the robot enable this machine to increase the profit of the investor. Traders can trust it without hesitation, as the chances of lose are very low. This robot is setting new standards in Forex market and is a challenge for others.

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It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Trading Strategy - Does Your Forex Trading Strategy Really Work?

2009-11-20T19:48:00.001+07:00

First and foremost, I can assure you that no one, as in no one, even the most professional trader among the professional traders or even the most amateur trader among amateur traders does not have a forex trading strategy, even a single one. Well, no one in their right mind, anyway. Having a forex strategy to follow and implement as you go through this business is as important, if not more important, than having some amount of money to use as starting capital should you up and decide to venture into the business. A forex trading strategy or a set of forex trading strategies is like your code of practice and your rule book that you must follow religiously and with your heart and mind. That is, if you intend to win and be successful in this type of business.

So let us say that you already have one or some of your own, whether you acquired it through your daily submergence into the trading market or asked for it from some trader who is already a professional or you formulated it using your own preferences beliefs, knowledge and experience. Then how will you know if your "rule book and code of practice" is effective and will surely help you climb up to the top of the ladder of success in this trading industry? Read on and I will clue you in.

You must learn how leverage works and how to determine what the proper level of leverage is to use in the business. Keep in mind that leverage is a good thing, but it has the potential to go from bad to worse to worst if used in an appropriate level. You surely would not want your miscalculations coming back you because you will definitely regret the repercussions.

You must learn to discipline yourself. Set a limit for your expected profit as well as set a limit for your expected loss so as to not disappoint yourself should a market deal go bad.

Lastly, you must learn how to properly execute a forex strategy to help you win in this game of trades.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Trading Methods

2009-11-20T19:47:00.002+07:00

It seems ironic that what is widely recognised as the best forex trading method is criminally underused. We call this method 'price action' and it's as old as the stock exchange itself.

The technological world we now live in has hindered a lot of traders in that they've become lazy. It's like the traders of today are only interested in whistles and bells. They want to trade on autopilot, without taking any effort to find out how they could turn their fortunes around and starting to be a successful trader on the forex market.

They don't bother to try and figure out the market for themselves anymore. It seems as if they all want some kind of trading robot to represent them on forex. With all the trading systems available now in boxes or to download, the traditional technical analysis is dying out.

The statistics are staggering. The gap between is success and failure is immense. Only 5% are seeing a profit, which leaves a mighty 95% losing money. This clearly shows that you can't trade on forex by proxy. If they can't be bothered to actually work for their money then quite frankly they only have themselves to blame when they keep suffering losses on the forex market.

These so called short cuts mean nothing is being analyzed. A child could be a forex trader given a computer with trading software. The plain fact is that they are losing money as the bells and whistles are doing the work, NOT the trader.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Choosing a Forex Broker

2009-11-20T19:47:00.001+07:00

Trying to decide what broker is best for you is a difficult one, so this article hopes to bring to light some of the things that you need to consider.

With the advent of more FOREX retail traders in the market, competition amongst brokers has led to an increase in platform flexibility and features. Therefore, each broker over the past few years has tried to provide a better and easier way into the foreign exchange market for the beginner. I will pose some of the more obvious questions you need to find out from or ask your broker.

First and foremost are 'spreads' and how the broker deals with them. Spreads are important as the beginner needs to minimise his risk and reduce any costs when entering and exiting a trade. Usually, spreads are quoted by the broker as being 'fixed' or 'variable' for each currency pair. I have noticed that these days, spreads are always 'variable' and few brokers offer truly fixed ones. Although they may say EURUSD has a 3 pip spread, what they mean is that this is the minimum spread. You can be guaranteed that in times of high volatility, when prices are moving quickly, the spread will increase. Note also, that some brokers increase their spreads if the 'lot' size is lower - see the types of account below. This seems a bit strange as this certainly will not encourage new business for the broker!

One point to mention is that although this point is important for the beginner trader, as you get more experience, spreads become less of an issue when choosing a broker as they become less significant and more experienced traders will choose other features over spreads when considering what broker to choose. There are lots of websites listing broker details - so do your homework before choosing!

The next thing is whether the broker offers all three of the 'standard' accounts - regular, mini and micro. Regular accounts deal with full 'lots' ($10 loss or gain for each pip movement in the currency, if trading a USD pair) and therefore require the largest amount of starting capital of around $5000. Although mini accounts ($1 loss or gain for each pip movement) are now plentiful and commonplace, they still require a certain amount of capital to open that may be beyond some new traders. Micro accounts (Only 10c loss or gain for each pip movement) deal with such small sums of money that they are better than trading demo, but the risk is low when it comes to losing capital. Consequently, they require the least start-up capital in the region of only a couple of hundred dollars.

Various checks will be done when you open an account, and if the company is based in another country, you will need to fill in various tax exemption forms such as a W-8BEN before the account will be opened, don't let this put you off!

Another check you may wish to do before considering a broker is to check their performance at the Commodity Futures Trading Commission website, http://www.cftc.gov, to ensure they are listed and have the required minimum turnover and liquidity. Any significant court cases will also be listed.

If you intend to execute 'position' or 'swing' trades, such that you will be holding overnight positions, you may want to check what rates of interest will be paid/debited from your account. This is sometimes hard to find on some websites, but can be very revealing as most brokers offer poor 'carry' interest if you are in a trade for a long period of time.

Check to see what currency pairs they offer - again, most companies offer most of the most commonly traded pairs but it's nice to see how 'established' they are by seeing if they offer other trades such as gold, S&P, futures etc.

Unfortunately, something you can't check is the kind of service the broker offers. Most will be 'discount' brokers, which basically means that they offer no trade advice or general help and if you speak to anybody on the trading floor about your trade, they will be usually be brief and 'to the point'.

Try to find a broker who has downloadable free software that you trade from on your computer. The other way is to trade 'live' from a website, but I find this inflexible, especially if you continually need to click between screens as this usually requires the loading of a new webpage and makes everything quite 'clunky' even if you have a fast broadband connection.

Some brokers offer trading platform software and separate charting software, so you can use the best looking charts from one company and the platform from another - watch for variations in price quotes though!

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex News Trading - Don't Trade the News

2009-11-18T15:47:00.000+07:00

Why you should not trade the news.

Many traders get stuck in the trap of trading the news by over analyzing every single economic report that comes out and trying to guess what the market will do in response to it. It is very easy to develop this bad habit if you do not have a clear understanding of why trading the news is dangerous and essentially pointless. If you are basing your trading decisions of off what you think will happen after an economic report comes out than you are just guessing and really have no better chance at a winning trade than if you were to flip a coin. Let's discuss the reasons why trading the news can be one of the worst things you can do for your trading account.

First off, markets move on expectations of future events, often when the actual event or news release happens the move is either over or ready to come roaring back the opposite direction that the news report implied. This is why you may have heard the term "buy the rumor sell the fact". However, it is very easy to get sucked into the trap of fixating yourself on one specific economic report that looks like it could really move the market in a certain direction. Once you convince yourself that what you expect to happen based on a news event is what most likely will happen, you have basically dug your own grave for your trading account.

You can avoid this entire trading pitfall of trading the news by remembering two things; price action reflects everything that is happening in the markets, and prices are contrarian. Price action analysis will show you the likely direction the market is expecting before any economic report is released. My forex trading course will give you specific setups and a unique way of looking at the market via price action analysis that will allow you to make your trading decisions based off the real and solid data reflected on the chart. Price action contains all the information you need to be a successful forex trader. You do not need to over analyze every single economic indicator and pull your hair out with frustration by trying to figure out what will happen next. The only thing you need is price action analysis. I have been consistently profiting from price action for years without even so much as a thought about economic releases.

Prices in any market are inherently contrarian. This means that usually price will do the opposite of what it appears should logically happen next. This is why many beginning traders have so much trouble and lose all their money and then some. You really need to understand that often when it looks safe to enter a trade, or a market is breaking to new highs or new lows, this is the exact time the amateurs are getting on board because they feel safe about entering. They are trading off of emotion because have they have no real game plan or trading strategy. Price action will tip you off when a move has run its course or when the dominant trend is ready to resume. There are specific price action strategies that I demonstrate in my forex trading course that will give you the edge you need to survive and thrive in the contrarian world of forex trading. I can tell you from personal experience if you try to trade based off emotion with no real education in price action you will end up buying tops and selling bottoms. Markets are by nature extremely contrarian and the only real way to read what the charts are telling you is by analyzing and developing a trading method around price action.

My price action trading course is designed to give you the knowledge you need to trade the market. We have all heard the acronym KISS; keep it simple stupid, well this is extremely relevant and applicable to trading. There is so much misinformation out there and so many people trying to sell you crap that you do not need to be a successful trader that it's no wonder most people lose all their trading money and end up quitting. Price action analysis will be you're inside guide to the markets, often over looked and under used, it is really all you need to consistently profit in the markets. Stop losing your money, turn off CNBC, and stop giving yourself analysis paralysis by trying to keep up with every little economic news release. Instead, get yourself a solid education in price action analysis and it is all you will ever need to unlock your potential in the market.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : FAP Turbo - Do You Know About the Functionality of FAP Turbo Forex Robot?

2009-11-18T15:46:00.002+07:00

There are many Forex trading software systems are available in the market. If you want to start trading by using any forex robot in the foreign exchange market, you can search up the market for available automated software systems. You will see a number of software robots. By analyzing these, you will find that they sales of FAP Turbo is increasing day by day. It has been providing amazing results to its users since its release that is why it is getting much popularity.

Its main function is to automate the entire trading for its users. So, now by using this robot you are able to make profits while you sleep. This trading system has the ability to monitor Forex market and then automatically execute trades on your behalf. You can start the trading by investing just $50, which is quite reasonable amount. A lot of reviews and testimonials are available that depicts its popularity and success rate. You can get significant returns on your investment within a very short time period.

One of the main advantages of using FAP turbo software system is its ability to permit small investors to take part with their small investments and get the returns on their invested money. This robot is considered to be a very reliable and consistent forex trading robot in the market. It provides you a demo account so that you can see its performance. It is suggested, especially for new traders, to use demo account first so that they become familiar with its operations and settings.

It is very user friendly because you can easily download, install and use it. It also comes up with video aids so that if you do not understand anything you can take help from that.

If you want to have very detail information about FAP turbo that what is it and how it works, you can simply visit their site. There the makers have uploaded a video, which explains the whole working process of this software robot. It also guides you regarding installation process. This video is especially designed for new traders who do not have any idea regarding how to start forex trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : FAP Turbo - Does FAP Turbo Also Assist the New Traders in Foreign Exchange Trading?

2009-11-18T15:46:00.001+07:00

The Forex market is not a simple place of executing business processes. In fact, it is considered to be the complex and tough place to do business. No Forex trading software can give you guarantee about 100% profits each time. If you really want to make money, you do not simply rely on the software systems. For this, you must have to spend your time in understanding the functions and settings of the software. In this way, you can make true profit out of your investment. FAP Turbo is one of the most popular software trading systems.

It is such software that gives advices like a consultant regarding when to trade in Foreign Exchange market. FAP stands for "Forex Auto Pilot". Like other commonly used software robots, FAP turbo also runs on a MetaTrade4 platform. It has many built in mathematical algorithms, which take decision regarding execution of a particular trade. The decision to trade and not to trade depends upon market conditions. The software keeps on working by analyzing the market values in order to see either it is feasible to trade or not. It has variety of settings. Moreover, it provides you the ability to fix the settings according to your requirements. Therefore, you can easily modify its settings.

When you purchase FAP Turbo, you also get the membership of its member's forum. It contains the updates of the software and also the feedback and comments by other traders. It also includes success stories of FAP Turbo. It acts as a platform where the users share their preferred settings and their experiences. The also shared those settings through which they have achieved marvelous results. These comments and suggestions are very helpful for a beginner. You can adjust your settings by taking help from other member's opinion and can earn more and more money. Moreover, the software package also includes tutorial and video aids, which provide guidance regarding various steps and issues. The guide is very much comprehensive which also explains the working process of the robot. Along with all these, 24 hour customer service support is also available for any type of assistance. These things are very much useful for both the experienced and inexperienced traders.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : FAP Turbo - How Does FAP Turbo Use Forex Trading Strategies in Order to Achieve Maximum Returns?

2009-11-18T15:45:00.000+07:00

Foreign exchange market is really a very complex place for doing business. Trading in the forex markets is very much hard and requires a variety of tool and strategies in order to achieve the success. A lot of tools and strategies are developed by Forex traders like forex trading signals, software robots, and various analyzing and charting techniques.

The techniques that include fundamental and technical analysis are already known to many traders who are associated with the stock market related background. Even some online brokers allow this free feature on their website because an individual gain also contributes to a company gain.

Forex trading tools also minimize losses and maximize gains. The forex trading software systems have no feelings and emotions that can influence the trading as in the case with forex traders. FAP Turbo is considered to be one of the top performers in the market of automated trading robots. It has its own built in strategies which differentiate it from others software systems. Moreover, you can also change its settings according to your requirements in order to implement your own strategies.

It is equipped with highly advanced and complex mathematical formulas and accounting principles that play a significant role in the development of a strong and unbreakable foreign exchange trading strategy. FAP Turbo has the ability to analyze the market conditions accurately and then determine the right time to execute the trade so that it becomes successful. The software trading system is designed to work with only a single pair.

It has the ability to be run without any human involvement, controlling and forecasting. All these activities are automatically performed with this Forex robot. The developers of this automated software system have designed it in a sense that it can get maximum benefits through using different tools, tactics and strategies.

Many forex trading tools are available in the market and their aim is to help out the traders so that they can earn sufficient profits easily. This software robot provide you 60 day guarantee period for evaluating and monitoring the performance of this system.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Trading From Home - How to Win in 3 Simple Steps

2009-11-18T15:43:00.002+07:00

Today anyone can become a Forex trader from home and make a triple digit income with the right education and in this article we will show you how anyone can learn Forex the right way and make a triple digit income in just 30 minutes a day.

If you want to be a Forex trader from home, don't make the mistake that most traders make and buy a cheap Forex robot. Common sense should tell anyone, you don't get financial freedom for a hundred dollars and no effort, as the vendors of these systems claim. If this was true, everyone would trade and not work!

Accept you have to work but the good news is - if you make the effort you can learn quickly and you don't need a college education to learn to trade successfully either, because the basics of currency trading are simple to master. To win at currency trading, you only need a simple system, as simple systems work best; make a system to clever and complex and it will have to many elements to break.

Now anyone can learn a currency trading system and win but you also need to have the mindset to apply it.
Getting the right mindset means - applying your system with confidence and discipline, this comes from a good Forex education and knowing what your doing. If you get the right education, you will understand that even the best systems will lose for periods of time and the key to making big gains longer term is - to keep losses small and preserve equity.

Most traders hate taking losses and keeping them small but its the key to winning longer term and if you do this, you will keep your equity intact and be able to hit and hold the big trends for mega profits.

Learning Forex trading is something anyone can do and if you get confidence in what your doing and the right mindset, your well on your way to making a triple digit income, in just 30 minutes a day from home.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Using an Online Forex Broker to Get the Best Exchange Rates

2009-11-18T15:43:00.001+07:00

If you are looking to move abroad and/or are seriously considering purchasing a property abroad, you need to be aware of the options available to you for securing the best exchange rates for your currency transactions.

Many people choose to use their own or high street banks when they want to purchase currency for another country or region. There are a number of possible reasons for this:

* comfortable dealing with a known and trusted entity
* no need to register
* lack of knowledge with respect to alternative options
* belief that the banks offer the best exchange rates
* pure lethargy

It is possible that on a particular day and with perhaps a special offer available that a bank can compete with online forex trading brokers, but it is much more likely that if you choose to investigate the rates and charges offered and levied by an online broker they invariably offer better terms than the high street banks i.e. they will give you a better exchange rate and will charge you less for the services they provide.

If you do the maths you will find that for larger transactions such as property purchases that a saving of 1 or 2 centimes, as an example when purchasing Euros, can amount to serious financial savings overall, often into the thousands.

Less significant savings, but savings all the same can be made on ongoing expenses, such as cost of living payments that need to be funded from one currency to another.

In order to realise these savings you can visit a number of online foreign exchange trading companies using the Internet, compare what rates they offer at any particular point in time so that you can compare and contrast that rate both between the forex traders themselves and the competing high street banks.

Once you have established a few brokers you feel offer the best rates and terms, all you need to do is register with them and complete an application for their services, this step is a legal necessity which has been brought into place to combat money laundering frauds, once your application has been accepted you will then be able to utilise the service that offers the best deal at any given time.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Trends Can Be Your Friend

2009-11-18T15:42:00.000+07:00

There are a plethora of ways to profit in the forex markets. Forex trends are a common system of using the market to your benefit. An over simplified explanation is that you find a market trend and jump on for the the ride.

When looking at forex charts it's very easy to see the trends in hindsight, but the key is to identify them before they are completed so you can take advantage of them, and ride the trend to profit in your pocket.

With a pen, you can draw a line on a chart above the low point of the candlestick shadows when the trend is upward. You will see the up sloping trend in doing this. The reverse would be true if you draw a line above the high points of the shadows to see a downward trending market.

Every once in a while there are also sideways or flat trends. This is when prices tend to trend a predictable band and don't breakout. When these trends are in play, the lines that you draw will be almost horizontal.

When there is a sideways trend, it's good to be on the watch for a breakout of the current trend. Some clever traders set up orders to enter the market when the rate breaks out to a certain level.

Still other sharp traders observe a sideways trend for a upward movement. This may indicate resistance that could be used to advantage. You could surmise that the upper trend line is some resistance and a rate decrease will be about to happen.

Be cautious though. The forex market is not to be treated lightly. Whatever you do, test, test and test your system again and again. The nice thing about trading the forex is that there are software tools that allow you to back test your method. Then you can also trade in a demo account as further testing. When you are confident that you have the bugs worked out of your process then, you may trade in a live account.

Trend lines can be a very useful way to do technical analysis of a currency. I remember when I first started trading over a decade ago, I would print charts out by the dozen, and with my ruler and felt tip in hand draw trend lines. You can learn a lot doing just that.

Whatever you do, keep you emotions in check though. Resist the enticement to go into the market too early - before your decided upon entry point is presented. Also, be cautious not to fool yourself. It can be easy to fudge a little bit and draw the trend lines to where you would like them to be. This will not change where the currencies rate will go, but it could establish where your money will go.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Robots - Discover the Facts About Forex Robots

2009-11-16T22:36:00.001+07:00

At the market, we are highly committed in providing you with the latest tools and the support you need to be a successful trader, even if you are a beginner or an experienced individual we promise you that you can attain the heights of success. A currency robot is a kind of software that understands the market based on the information entered by the user. This makes automated traders so that the process continues even when you are fast sleep. Another advantage is that this is more accurate than human evaluation, it is a good way of trading. There are different types of Forex software. One of this is the Metatrader, this is also another trading platform, which is used by multiple brokers. Another specialty is that they can control your trading account and involve in trades by the parameters you set.

Every trader, encounter with different kinds of thoughts, like how to pick the right trade, at the right time. Most of them spent countless hours doing research, many of them go crazy looking at the charts and graphs for the whole day? This is where these robots play a vital role, this works automatically by indicating when you should buy or sell. This will save you time and money. As we all are aware that due to the economic crisis most of them have lost the money in the game, but still you can find that, many are willing to take a risk. And this is where the currency market has always shown justice to keep their customers happy by giving them profits in a considerable way with no loss.

Automated program is very friendly software that can think and help you to double your money in every single month. As a starter, you might be new to this, but this is an effective tool for any level of users, you can learn this without the help of any human assistance. This automated software is easy to understand and very accurate. You need to just install the software and experience the magic. Automated software consists of inbuilt tools; it will trade only if it finds that the market is at the safer zone. It is guaranteed that you can make more than 90% profit with the help of this automated system.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Robots - The Only Way to Make Money With a Mechanical System is to Understand This Article

2009-11-16T22:34:00.000+07:00

You will see lots of Forex robots and Expert Advisors promoted online, retailing for a few hundred dollars or less promising you huge gains with no drawdown and of course they all lose. You can win with a mechanical system but you must understand the key point in this article.

The cheap systems with there hyped copy promising huge gains with no drawdown lose money and the reason they do is, they have made the track records up in hindsight. These track records are just computer simulations going backwards over closing data and anyone can win, if they knew the closing price in advance. Other vendors just claim they have made money and produce no independent audited results, so they should not be trusted.

The problem is these systems are made by marketing companies, who employ programmers who of course can make money in back testing but in real time, the market turns these systems to dust.

If you want to win with a mechanical system you can but you must understand this - you can make big gains long term but in the short term you will suffer losses and have to ride them out with discipline and this is hard for most traders. If you take a system which makes 100%, typically expect a drawdown of around 20 - 30% and for some losing periods to last for a few months.

System trading means focusing on the long term and if you want to do it, make sure you buy a system with a real time, audited track record by a reputable independent source. You can get a great system for free called the "Week Rule" by trading legend Richard Donchian and we have written numerous articles on it and ir works and has made millions in real time trading so look it up and you will see how and why it works.

There is no risk without reward and if you want to trade a mechanical system, trade one with a real time track record and judge it over years not just a few weeks or months and be prepared to ride out losing periods witn discipline.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

Guide To Forex : Real Money Doubling Forex Robot Fap Turbo The Truth That Every Trader Must Know About This Software

2009-11-16T22:33:00.001+07:00

Guide To Forex : Technical Indicators - Making Money in the Forex Market

2009-11-16T22:28:00.000+07:00

If you are interested in forex trading or stock trading, you need to have a good plan for your trading so you can succeed. It is important to choose a system that is proven to be successful and that you understand and can easily use. That is the only way you can make a profit. There are four main technical indicators you need to know about in order to make a profit in the forex market.

1. Trend indicators - These include moving averages, Parabolic SAR and MACD. When you use these technical indicators to follow trends, you will know when the best time to buy and sell in various currencies.

2. Momentum indicators - The trend indicators are oscillating indicators that are easy to read and can tell you what currencies are being bought or sold in excess. They will indicate a trend before it happens. When you monitor the trends that are developing, you can invest wisely. Stochastics, RSI and CCI belong to this group of technical indicators.

3. Volume indicators - These are technical indicators that indicate how much volume is being traded in the forex market at a given time. The price movement comes from a large volume of trading and is going to give a good indicator as opposed to a low volume. These include the force index, money flow index, ease of movement, as well as others.

4. Volatility indicators - These technical indicators illustrate how much volume is under the market movement and price trends. These include true range, Bollinger bands, and envelops, as well as others.

These are the four main forex technical indicators you need to understand in order to make a profit by trading in the forex market.

There are so many options and different ways to make money online like: trading forex, stocks, futures, selling your own or others people products as an affiliate, home typing jobs...and many more.

My strategy is only to watch chart and start playing without indicators and all other tools. That's all. As a matter of fact I can quarantee my winning game is above 90% !!!. The problem is that I have to see the chart.

How can you handle your trading if you are not in fron of your computer ? It depend on your attitude if you can just trade with tight stop loss or not. But here for those who can not stop trading but want to make money, I can recommend some good 'gamblers' for you.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

----------

Forex MegaDroid Robot.

Automatic, 100% Hands-Free Forex Robot Uses Rcpta Technology And Breaks All Records. Amazing Conversion Rate Due To Great Reviews And Marketing/Product Originality. Last Robot We Launched Achieved

How Many Of These Robots Have Been Designed By People That Actually Understand That A Truly Profitable Strategy Is One That Is Accurate In EVERY SINGLE Market Condition?

----------

Amazing Automated Forex Robot.

One Of The Most Advanced Forex Robots On The Market Today, This Robot Is Famous For Not Having Any Losses. Multiple Time Frames, Trend Detection, Advanced Algorithms, Incredible Profit! Hot Seller!

----------

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Tips That Are Gold

2009-11-16T00:29:00.000+07:00

Looking at Forex tips there are a few I came up with that can definitely help the starter. Attempting to make Forex trades without studying the market is just like gambling. Gamblers make spontaneous moves for the fun of the game. The difference is when its Forex and you lose real money; it is not a fun game any longer. Never make a trade without studying the market.

Forex tips for thought is the trend. The trend was not made for nothing; use it to your fullest capabilities! Trading with the trend is a sure way to maximize your possibility of winning the trade. They do not say the trend is your friend for no reason. Simple rule: when the trend is up you want to buy not sell and when the trend is down you want to sell not buy.

Forex tips that are crucial are proper money management. When trading never put at risk more than approximately 3-4% of your trading account. What separates the successful traders from the less successful is the ability to survive bad market conditions. You cannot win all trades, but you can be prepared to lose some on the way.

This Forex tips important. When you are doing your trading separate your self from emotions and trade in a calm state. The last thing a trader should be doing is trading when in a rough mood, key is to be calm. To add to that, it is a good habit to pick a time frame that is good for you where you can focus on your trading.

Important Forex tips of the day; know your risk in your trade. If the risk is more than the reward, wait it out. Rushing into a high risk trade is never a good idea. One of the best additions I ever did to my trading was incorporating this one method that the big traders use. It has literally doubled my trading account every month! This method put an understanding to all the tips I needed!

Most traders lost their money because of their bad attitude to start their trading where they are not able to wait and only focus on their technical and fundamental analysis. I always treat my trading as playing games where I should really feel happy and nothing to loose and I don't have any special strategies.

My strategy is only to watch chart and start playing without indicators and all other tools. That's all. As a matter of fact I can quarantee my winning game is above 90% !!!. The problem is that I have to see the chart.

How can you handle your trading if you are not in fron of your computer ? It depend on your attitude if you can just trade with tight stop loss or not. But here for those who can not stop trading but want to make money, I can recommend some good 'gamblers' for you.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

----------

Forex MegaDroid Robot.

Automatic, 100% Hands-Free Forex Robot Uses Rcpta Technology And Breaks All Records. Amazing Conversion Rate Due To Great Reviews And Marketing/Product Originality. Last Robot We Launched Achieved

How Many Of These Robots Have Been Designed By People That Actually Understand That A Truly Profitable Strategy Is One That Is Accurate In EVERY SINGLE Market Condition?

----------

Amazing Automated Forex Robot.

One Of The Most Advanced Forex Robots On The Market Today, This Robot Is Famous For Not Having Any Losses. Multiple Time Frames, Trend Detection, Advanced Algorithms, Incredible Profit! Hot Seller!

----------

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

Guide To Forex : Recommended Forex Robot for Lazy Traders.

2009-11-15T19:12:00.000+07:00

Most traders lost their money because of their bad attitude to start their trading where they are not able to wait and only focus on their technical and fundamental analysis. I always treat my trading as playing games where I should really feel happy and nothing to loose and I don't have any special strategies.

My strategy is only to watch chart and start playing without indicators and all other tools. That's all. As a matter of fact I can quarantee my winning game is above 90% !!!. The problem is that I have to see the chart.

How can you handle your trading if you are not in front of your computer ? It depend on your attitude if you can just trade with tight stop loss or not. But here for those who can not stop trading but want to make money, I can recommend some good 'gamblers' for you.

Look at this :

Real Money Doubling Forex Robot Fap Turbo.

Fapturbo Is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. No Backtest Tricks. The Best Converting And Best Performing Forex Product On The Planet

Forex robot can be traded with ANY account size....BIG or SMALL!
But whats MORE impressive is that the LIVE trading results are even BETTER than the back-test results!

In the back-test the robot averaged about 48% profit per month (5,000% divided by 102 months which is 9 years)...

In live trading, as you have already seen proof of, FAP Turbo has actually made at least DOUBLE that...

The loop is closed...

The ONLY robot you will find that actually nails trade after trade in live trading TWICE as profitably as in the 9 years of back-testing!

----------

Forex MegaDroid Robot.

Automatic, 100% Hands-Free Forex Robot Uses Rcpta Technology And Breaks All Records. Amazing Conversion Rate Due To Great Reviews And Marketing/Product Originality. Last Robot We Launched Achieved

How Many Of These Robots Have Been Designed By People That Actually Understand That A Truly Profitable Strategy Is One That Is Accurate In EVERY SINGLE Market Condition?

----------

Amazing Automated Forex Robot.

One Of The Most Advanced Forex Robots On The Market Today, This Robot Is Famous For Not Having Any Losses. Multiple Time Frames, Trend Detection, Advanced Algorithms, Incredible Profit! Hot Seller!

----------

I can not write much about the above robots but most of my friends were really happy with their result. They are stable and easy to use.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : What is Breakout

2009-11-15T19:05:00.002+07:00

What to look for! Breakouts

We have now established what are trend lines and how to draw them. When one of theses lines is breached is called a Breakout.
If a breakout occurs on a Resistance line many Trader's will class this as BUY signal and act accordingly.
If a breakout occurs on a Support line many Traders will class it as a SELL signal an act
accordingly.

Please note how the OLD Support line NOW becomes the NEW Resistance line.

Note Rising Volumes on Breakout

From time to time there will be FALSE signals given.

This is why it is important to WAIT FOR CONFIRMATION of a trend reversal or breakout.

It is at this point we need to add other indicators to help with our Analysis.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Choosing a Profitable Strategy

2009-11-15T19:05:00.001+07:00

Profitable Strategy
How to choose a Profitable Strategy
Amazing Forex Strategy can be found alot now in internet. And we
become confused which one to choose because most of the owners
published they have the best one and they make profit, they make
pips.....and bla..bla.....bla..... Some of traders believe and
used it. You might also has tried to use some strategies event-
hough you never feel 100% happy, right ?

I think you have also tried a lot of them but still kept on
searching for the "holy grail". Don't do it ! We are not learning
phisics or mathematic, and you willl never find it because the real
fact we are facing the human behaviour who run their money in the
world markets. What can affect the markets now, tomorrow might be
different. What I can share you here is the way how you start
choosing a strategy ;

Simple

The strategy must be simple and could be used or practiced in a
very short time after you install into your chart. We can not
spend much time just to insatall the strategy everytime we start
trading. It will disturb your mind.

Validity

If you use a strategy, can it give you a valid signal or just a
wrong signal. We can check it by dragging your cursor back to
the previous time. Does the strategy release Signal ? You can
directly check out the performance since last year,week,day or
hour. You don’t have to use backtesting software to do it for you.
The strategy will tell you a good signal in the chart if it is
really profitable.

Intraday

Some writers said intraday trading could not be profitable because
economis situation or fundamental can not be changed only in a day.
And they bring us to the long trading (weeks ). To me..it’s funny…
how can you determine your stop loose in a week if the currency
goes against your direction. Can you spare your Stop Lose for 300
or 500 pips if the chart /currency goes against your direction and
wait until it reversal ? You can’t do that. The best one is
intraday and just make 100 -200 pips per day. That’s enough, you can
continue the next day. Don’t sacrifice your healthy life in fron of
your PC. It will destroy your emotion, attitude. Trading is simple
and don’t make it difficult.

Can you tell me one Simple Strategy here ? Why not.. this is a very
simple one but profitable and easy to follow . And Iam sure that it
has been widespread in many forums but most traders tend to search
a complicated one;

- 1H (of 30MIN, but you wil get wore whipsaws) candlesticks/bar charts
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 12 WMA (in yellow)
- RSI = 21

The 18 EMA & 28 EMA are two red lines who form a tunnel, these will
help you to determine the start of a trend and the end of a trend.
Long term

The WMA & 12 WMA will show you when to enter a trend, they will also
help you to see the strenght of the trends. Short term

Entry Signals
You should only open a position, when the red tunnel is extremely
narrow or crossed !

LONG: 5 WMA & 12 WMA cross the red tunnel upwards.
If the 5 WMA also crosses the 12 WMA upwards, then the signal is
extra strong.
RSI >50

SHORT: 5 WMA & 12 WMA cross the red tunnel downwards.
If the 5 WMA also crosses the 12 WMA downwards, then the signal
is extra strong.
RSI<50

Exit Signals

Signals that show the end of the chosen trend
- Long: The price has reached a top and 5 WMA dives under 12 WMA
Close position

- Short: The price has reached a bottom and 5 WMA jumps above 12 WMA
Close position

Always close your position when boundry’s of the red tunnel cross
eachother or when they become so narrow that they are one! This is
a clear sign of a trend reversal. After you see this, close your
osition and open a new postion in the other way (If you were long,
close, open a short postion)

When in a trade and the 5 WMA & 12 WMA cross the red tunnel ->
Pay attention! As long as the red tunnel boundy’s doesn’t cross
eachother there is no problem, but often this is a sign that they will!.

Look at the chart,

You can observe now how easy to use the simple strategy. Try to practice it now and get profit.

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Daily..Hour..or Mnts Chart

2009-11-15T19:04:00.003+07:00

When you look at this following screenshot figure, you might be very surprised how can a trader get such big profits. It’s real…and everybody can make it including you !. As I told before that every trader has their own characteristics and discipline. If you want to get “ peanuts” just trade in minutes by using 5 or 10 minutes chart. But if you want to get big fish you got to use long period chart.

Nothing is wrong…5 minutes or 10 minutes and 15 minutes could be used to get the pips. The difference is only fluctuation or whipsaw . Using 5 mnts chart will fluctuate much so that what your indicators show now might be changed in a few minutes. It will be dangerous to the old men and women. He…he..he…. I don’t want to suffer from heart attach just because of small pips. I can not do that.

How is about combining Daily, Hours and Minutes Chart to decide an entry point ?

That’s what we wanna talk now….all the above figure can be reached by combining all time frame chart.: Daily, Hour and Minutes..

Daily chart :

Look at this chart !!!

I use only Support and Resistance Level or
Bolinger Band (20.0.2)
Conclusion : Get the highest point and lowest point.

4 Hour chart :

Look at the chart !!!

I use only
Bolinger Band or Band ( 20.0.2)
MACD2 (12,26,9 ) : Fast MA periode = 12
Slow MA period = 26
Signal MA period = 9

Brain Trend1 Signal : Numbars = 500

Conclusion : You have to wait the signal in the highest and lowest band together with MACD crossing.

That’s all…but we have to wait the same signal or direction with the above daily chart or Direction.

30 Mnts Chart

Look at the chart !!!

I use only :

Bolinger Band or Band : ( 20.0.2)
Brain Trend 2 Signal : : Numbars = 500
RSI : 14
Stochastic : 5,3,3

Conclusion : Here is the entry point:
Red Signal will come up for DOWN and
Black Signal will come up for UP direction.

What you have to remember is 30 minutes chart….The signal will be coming from this chart. Be careful...and watch out....

Here is all the Indicator Colletion.

You can put all the indicator to your Metatrader directory :

C:\Metatrader\expert\indicator\
- Band
- RSI
- Stochastic
- BrainTren1 Signal
- BrainTrens 2 Signal
- MACD2

I hope you can all get big pips without working too hard, right ?

Happy trading

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Do you make Profit ?

2009-11-15T19:04:00.001+07:00

So far did you make profit in your trading, I hope
you did If you haven’t make any profit during your
trading I can conclude that you hadn’t found the one
that suits you.

As I always say that there is no “holy grail” for all
traders But one simple strategy can be a real holy grail
for somebody. The difficult thing is only to choose
which one suits you among thousands of system / strategy.

Therefor, I still want to give you a time to choose
and practice some of them. In this short writing I give
you also A very simple strategy that I assume you can
make profit.

Let’s practice :

10 Minute Chart Day Trading Method

Please note: If you wish to trade this method on 5 minute
charts, you will need to double all of the indicators.
The (5 period WMA would be charted as 10, the RSI would
be set at 28 etc...)

Description: An intraday trend following trading method,
using the following indicators:

• 5 period WMA
• 10 period SMA
• Slow Stochastic (5,3,3)
• RSI (14)
• MACD (default)

Rules: Add the above indicators to your 10 minute chart.
Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.

BUY the exchange rate when the 5 WMA crosses up past
the 10 SMA and the Stochastic is signalling up, RSI > 50
and the MACD histogram >0 and MACD averages crossed up.

SELL the exchange rate when the 5 WMA crosses down past
the 10 SMA and the Stochastic is signalling down, RSI<50
and the MACD histogram <0 and MACD averages crossed down.

Stop-Loss Level: 20 pips

Happy trading

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Guide To Forex : Forex Term

2009-11-15T19:03:00.004+07:00

Types of Forex Order

Entry Orders: An order, stop or limit, initiating an open position and executed when a specific price level is reached and/or broken. The execution is handled by the dealing desk and the order is in effect until cancelled by the client.

Entry Limit Orders: An order initiating
an open position to sell as the market rises, or buy as the market falls. The
client believes the market will reverse direction at the level of the order.

Entry Stop Orders: An order initiating
an open position to sell as the market falls, or buy as the market rises. The
client placing the order believes that prices will continue to move in the same direction
as the previous momentum after hitting the order level.

Limit Orders: A limit order is an order
tied to a specific position for the purpose of locking in the gains from that position. A limit order placed on a buy position is an order to sell. A limit
order placed on a sell position is an order to buy. A limit order remains in
effect until the position is liquidated or cancelled by the client.

Market Order: An order to buy or sell
which is to be filled immediately at the prevailing currency price.

OCO (One Cancels the Other): A stop-loss order and a limit order linked to a specific position. One order, the stop, is to prevent additional loss on the position, and one order, the limit is to take profit on the position. When either order is executed, closing the position, the other is automatically cancelled.

Stop-Loss Orders: An order linked to a specific position to close that position and prevent additional losses. A stop-loss order placed on a buy position is an order to sell that position. A stop-loss order on a sell position is an order to buy that position. A stop-loss order remains in effect until the position is liquidated or cancelled by the client.

Hedge fund: A private, unregulated investment fund for wealthy investors (minimum investments typically begin at US$1 million) specializing in high risk, short-term speculation on bonds, currencies, stock options and derivatives.

Hedging: A strategy designed to reduce investment risk. Its purpose is to reduce the volatility of a portfolio by investing in alternative instruments that offset the risk in the primary portfolio.

Leverage: The degree to which an investor or business is utilizing borrowed money. The amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded is $100,000 dollars and the required margin is $2000, the trader can trade with 50 times leverage ($100,000/$2000). For investors, leverage means buying on margin to enhance return on value without increasing investment. Leveraged investing can be extremely risky because you can lose not only your money, but the money you borrowed as well.

Liquidity: The ability of a market to accept large transactions. A function of volume and activity in a market. It is the efficiency and cost effectiveness with which positions can be traded and orders executed. A more liquid market will provide more frequent price quotes at a smaller bid/ask spread.

Long: A position purchasing a particular currency against another currency, anticipating that the value of the purchased currency will appreciate against the second currency.

Margin: Funds that customers must deposit as collateral to cover any potential losses from adverse movements in prices.

Margin Call: A requirement for additional funds or other collateral, from a broker or dealer, to increase margin to a necessary level to guarantee performance on a position that has moved against the customer.

Market Maker: A dealer that supplies prices, and is prepared to buy and sell at those bid and ask prices. All CFTC registered FCMs are market makers.

Pip (tick): The term used in currency markets to represent the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).

Position: A view expressed by a trader through the buying or selling of currencies, and can also refer to the amount of currency either owned or owed by an investor.

Rollover: The settlement of a deal is rolled forward to another value date with the cost of this process based on the interest rate differential of the two currencies. An overnight swap, specifically the next business day against the following business day.

Short: To sell a currency without actually owning it, and to hold a short position with expectations that the price will decrease so that it can be bought back at a later time at a profit.

Spread: The difference between the bid and offer (ask) prices of a currency; used to measure market liquidity. Narrower spreads usually signify high liquidity.

Spot Price: Current market price. Settlement of spot transactions normally occurs within two business days.

Swaps: A foreign exchange swap is a trade that combines both a spot and a forward transaction into one deal, or two forward trades with different maturity dates.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - A

2009-11-15T19:03:00.003+07:00

Point : 1
When you are just starting out, strive to carve out 20 pips per session, and that’s it. Then, turn it off, and study some more. When you get really good at it, you can then “graduate” to higher returns. So, set your goal at 20 pips and stick to it, until you are a grand master at this wonderful “business” called forex trading. I stress the word business. This is not a game, especially where your “hard-earned money” is involved.

Point : 2
When you first start out in any particular session, look at the 1 hr chart to get an overall perspective on trend from one session to the next, and what it’s likely shaping up to be at the beginning of the upcoming new session.

Point : 3
Only look at the 5 min chart if you absolutely have to see what’s behind the current 15 min bar – especially where the bar is elongated, and may have just penetrated a pivot point; in other words, is price reversing course on the 5 min chart, which would obviously not yet be reflected on the 15 min chart?

Point : 4
Don’t dwell on the 5 min chart, as it contains a lot of “noise” that will whipsaw you to death

Point : 5
MACD rules on the 15 min chart. Even if MACD is, say, trending up on the 1 hr chart, if it is trending down on the 15 min chart, that’s what you take your cue from. That’s not to say a shift in price direction is not in the works. It just means it’s coming, but not yet. In the meantime, you don’t want to miss what’s happening “in the now,” which is what is reflected in the 15 min chart

Point : 6
If MACD is trending down on the 15 min chart, and price is wanting to go north, price will sooner than later head south as it perhaps bounces off a pivot point, or gets turned around at a juncture caught by one of the other three “tools” you should be using (“reading bars,” MACD divergence, or trendline analysis). Same thing if MACD is trending up, and price is trying to head south.

Point : 7
Only use MACD for divergence, not for buy or sell signals. It is a lagging indicator, and as such is useless as a trigger. It is too slow for that in the forex world.

Point : 8
Again, MACD divergence on the 15 min chart is more significant than what you see on the 1 hr chart in the near-term. For those of you who don’t understand what divergence means, keep looking at my own personal forex trading examples on this page on a daily basis for examples of divergence. Basically, what it means is where you see MACD waves “waving” in the opposite direction to price action. That’s why I connect the top of the waves (in a downtrend) and the bottom of the waves (in an uptrend) to illustrate that the waves are “waving” higher in an uptrend and lower in a downtrend – in the opposite direction to where price is going.

Point : 9
Always “protect” your money by using 20-30 pip stops. Mental stops are okay, but not if you are dead serious about using a “disciplined” approach to managing your money. You will lose three out of ten trades. The three losses should be kept to 20-30 pips. Your wins will by far surpass your small losses, and that’s what stop-losses are all about.

Don’t be afraid to lose. Even professional batters strike out six out of 10 times. Lions are only successful 20% of the time in their chase for the kill. Professional golfers lose 95% of the time. Professional poker players lose 50% of the time. So, your chances are better at trading the forex, using my system of course, than in any other venue. Even businesses have “bad inventory.” And, life in general is not always “100%” for sure.

Point : 10
That all said and done, if you entered a trade close to a pivot point, or a particular significant bar pattern (like a double top, for instance, or a trendline breakout), place your stop on the other side (but not too close to) the event that caused you to take action. This is because price has a tendency to snap back to that situation that caused it to bolt away from it in the first place. If you follow the 20-30 pip stop rule, but a 33 pip stop on the other side of that event would safeguard you against such a reaction, then so much the better. So, yes the stop rule is 20-30 pips, but within reason of course.

Point : 11
Stops (read “stop-loss”) are for insurance purposes only – not necessarily for taking profits. However, you can most certainly employ “trailing stops,” whereby you keep moving your stop up (or down, whichever the case may be) to protect your profits, as price advances, or declines.

Point : 12
Only use “reading bars,” MACD divergence, pivot points, and trendline analysis in your forex trading toolkit. That’s all you need for this market. Be a technical bigot. Focus on pure technical analysis, and avoid funnymentals. Even news is factored into price action, so you don’t need to be up on it each and every nano
second.

Point : 13
And now for the tough part. I know my documentation says that the forecast low and high for the next trading session can be M1/M3 or M2/M4. However, trading is shades of gray. It is not a black and white business. If it were, the world would be paved in gold, and everybody would be rich.

Now, we wouldn’t want that would we? The forex would be nothing more than a Church at the end of a road connected to a river bank at the other end with nothing in between. The point I am trying to make is that the “actual” low and high for the next session could very well be any combination of M1, M2, M3, and M4. It could be M1/M4, M2/M3, or combinations of the other five pivot points.

The M1/M3 and M2/M4 calculations are just guideposts, but are not poured in concrete. Price is the number one indicator. It will determine what the low and high are going to be. And one other thing, you should use these forecasts in conjunction with the other three “tools” in your forex trading toolkit – “reading bars,” MACD divergence, and trendline analysis.

In other words, if price has been trending down from the past session into the current one, price is trading at, say, M3, and price is still going down, then M3 may very well be the high for the new session, regardless of the fact that my system may have called for M4 to be the high. So, use the pivot points in conjunction with other three possible signals – “reading bars,” MACD divergence, and trendline analysis.

I have seen it happen, as in the example just given, where price was trending down from one session to the next right through M3 at the open of the next session – simultaneous with the formation of a “double top” bar pattern. Well, there you have three indications that price was headed south for sure. And, I believe MACD was also trending down in that particular case. So, that was another clue that the high for the session had probably already been put in.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - B

2009-11-15T19:03:00.001+07:00

Point : 14
When you are first starting out, pick one currency of the four major pairs (EUR/USD, USD/JPY, GBP/USD, and USD/CHF) to trade, and become a specialist in it. I would personally recommend the Euro, especially if you are going to be asking me questions, as that's what I focus on with my clients around the world. Get to know its rhythm. When you are doing well with it, then move on, and trade the other three major pairs, as you see fit. When you are in learning mode, you will have your hands full trying to figure out what to look for, and how to manage your trades – enough so that you don't want to be skipping back and forth between currencies.

Point : 15
Keep a log of all your trades – both good and bad. Analyze where you went right and wrong, and vow not to repeat those situations that could have been done better. This is all part of being organized as a "professional" trader - with good habits. This is not about gun-slinging and winging it with "Hail Mary" passes.

Point : 16
Important point here: If price action opens in the upper end of the projected range for the session (all the way up to R2, and beyond) – in other words, in the sell area (that area above the central pivot point) – and there are other suggestions that price is too high (such as a particular bar reading, MACD divergence, or trendline breakout), then price has probably achieved the upper end of its price range for the session.

The same holds true where price action opens in the lower end of the projected range for the session (all the way down to S2, and beyond) – in other words, in the buy area (that area below the central pivot point) – and there are other suggestions that price is too low (such as a particular bar reading, MACD divergence, or trendline breakout), then price has probably achieved the lower end of its price range for the session.

Point : 17
If there is nothing to do, then don't do it. Don't just do something because your "gut" tells you to. That can get you in a lot of trouble in this business. Only react to bona fide signals provided by the four indicators talked about above – "reading bars," MACD divergence, pivot points, and trendline analysis.

Point : 18
Only use an "industrial strength" market maker with the lowest pip spread in the industry

Point : 19
Occasionally, you will see a huge spike up in price, as we did 11 May 03. This just happened to be on a Sunday, shortly after re-commencement of trading, after the weekend respite. Ordinarily, I would take the OHLC numbers from Friday, but given the nature of the wild swing up that evening on one of the 15 min bars, I would then use the OHLC numbers from Sunday night's session close to get a better reading on support and resistance levels for the next session. This is, of course, if you are using a market maker that delineates its break between trading sessions in the late evening - anywhere between 20:59:50 and 24:00 (midnight).

Point : 20
Former stock traders take note: I say former because I don't honestly know why you would ever want to go back to stocks after having tasted the forex. Don't over-trade the forex. This is not a scalping market! If you have to scalp, do it in slow motion. Currencies trend well. Don't buy too soon in a downtrend, and don't sell too soon in an uptrend. Watch for trendline breakouts to know when to make your move.

Point : 21
You cannot succeed at trading the forex unless you are TOTALLY committed to trading, and trading it. This is not something to be played with. If you are not going to take it seriously, then try something else.

Point : 22
Put your emotions in your hip pocket. This is a business, and should be treated as such. If you have any bad habits, the forex will fix them real quick.

Point : 23
Important point here: If you deem the major trend for the current session, based on everything you have learned to this point, to be down, then think DOWN. Sell rallies. Don't look to buy, or you might get whipsawed to death. Likewise, if you deem the major trend for the current session to be up, based on everything you have learned to this point, then think UP. Buy the dips. Don't look to sell. Former stock traders fall prey to wanting to have it both ways. Maybe, when you get real good at this, you can try. But for now, think one way, and save yourself the grief.

Point : 24
Another important point here: The major rally for the Euro begins after two am New York time. These are the London hours – the busiest in the forex, bar none. The Euro always – session after session – puts in, on average, 76 pips during the first 12 hours from that time forward. Whether you want to believe it or not, the Euro, once it makes up its mind what the major trend is going to be during those 12 hours, will "drive" to the other end of its range (76 pips) within those 12 hours. So catch the trend, and ride it. Now, it won't be a straight line, of course. Even an airplane taking off or landing encounters some bumps along the way. Same too with the Euro. Once it picks its direction, it will meander all the way to the other end of its range.

This will "fake" the dumb money out. They never know what happens to them.
To conclude: If the Euro wants to have a down trend during those 12 hours, it will achieve its 76 pips south of where it started. So, think DOWN. If the Euro wants to have an up trend from during those 12 hours, it will achieve its 76 pips north of where it started. So, think UP. The Euro either goes up or down during those 12 hours – not both. Here, I am talking about the major trend, of course. Ah yes, there will be rallies or dips along the way, depending on the direction of the trend (down or up), but like I said earlier, SELL THE RALLIES IN A DOWNTREND, AND BUY THE DIPS IN AN UPTREND. That's all there is to it.

Point : 25
Something to think about: If you get the above strategy - number 26, then you're going to love this one. It will test your nerve. If you buy into the idea of the major trend unfolding during those 12 hours (check it out here every day, and you'll see living proof), then why not try to get in when it starts to unfold, and "ride it." That will take nerves of steel, because the Euro will go against you from time to time – but not enough so to take out your initial stop. From a risk/reward ratio point of view, you are risking 20 pips to gain 76.

Not a bad ratio. What I am trying to say here is why not just put your trade on, set the stop, and go clean the swimming pool while the Euro meanders its way to the end of its range. What spooks a lot of people out is when they stare at price action after they have engaged their trade, and they over-react every time the Euro hiccups. Just leave it alone. So, what's the worst that can happen? You can get stopped out right? Chances are you won't.

If you catch the major trend, chances are very much in your favor that you will be richer by at least US$760 per lot. If you trade the action all the way through the trend, you may get beat up real bad, and lose anyway. Let the Euro lead you, not the other way around.

Point : 26
Every once in a while, I would encourage you to step back from the daily intraday action, and have a look at it from 30,000 feet. Sometimes, we can get too close to it, and not see the trees in the forest. On the daily chart, if you plot trendlines and look for divergences, you will learn a lot about where price is going to go "next." Of course, that's what we all want to know, right? Not only do trendline breakouts and MACD divergences tell a "big" story, but where a daily bar closes will offer up a clue as to where price will likely go in the next session. Study the chart, and you'll see what I mean.

For those of you who don't know what this is all about, the little line pointing off to the right of a price bar is the "close" for the daily session. The little line pointing off to the left is the "open" for that session. In the forex world, the close of one session automatically becomes the open for the next session, as this is a very liquid market, and there are no gaps in trading.

I just thought it wise to pause and reflect at a higher level from time to time. Looking at things top-down is sometimes healthy, and a wise thing to do. We can sometimes get caught up in the minutiae of the daily flurry of price movements, and lose perspective of the bigger picture unfolding above us.

Point : 27
To reiterate, there are just a "few" things you have to watch out for, and be "patient" for set-ups to occur. Don't just pull the trigger because you "think" it's time to do so. Wait for bona fide "signals." There are only "four" clues you have to look for: "reading bars," MACD divergence, pivot point breakthroughs/tests/violations, and trendline breakouts. That's it folks. That's all it takes to succeed in this wonderful business called forex trading. No other bells and whistles or toys are required, contrary to what you may have learned before. The hardest part for you will be to "unlearn" everything you knew about trading before. Just give your head a shake, and it will go away.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - C

2009-11-15T19:02:00.003+07:00

Point : 28
Although I have said that there are only four clues that you have to look at for price direction – "bar reading," MACD divergence, pivot points, and trendlines – there is actually a fifth. It's called "price." Price is the number one indicator in the sky. It will tell you where it wants to go. Let it point the way. It's like playing cards. Wait for it to reveal its "hand." You just have to be patient and wait. It's called "following the leader."

Point : 29
I was asked recently about multiple lots – in other words, buying or selling more
than one lot at a time. You can either "load up the boat" at your entry point, or you can go at it one at a time – adding additional lot(s), as price moves through each successive pivot point, as it "reaches" for the end of its range. If you are confident that you are "with the trend," and are using good money management techniques, then there is nothing wrong with taking more position(s) along the way.

Or, you can do both – load up to begin with, and buy/sell more, as price progresses through pivot points in its tear to the finish line. Don't bail too soon. Remember, currencies trend well (especially the major trend), and price knows where it wants to go. Let it take you there. Use the "five" indicators – "reading bars," MACD divergence, pivot points, "price," and trendlines – to make your trading decisions.

Point : 30
Be careful about taking trades in between pivot points. This is NO MAN'S LAND, and dangerous territory. Better trades are made in and around pivot points.

Point : 31
Make sure to take the time to draw pivot points on your 15 min chart, which should be your main focus. This is like the radar screen in the cockpit of an airplane. It is difficult to trade (fly) without points of reference to look at. You don't need to draw them all. They probably won't all fit anyway. At least have those that are close to price action plotted on the chart. You can also plot lines on the 1 hr and 5 min, but you shouldn't be spending much time there, so it may be a waste of time. But, can't hurt.

You should also draw trendlines. Where price breaks a trend at a juncture with a pivot point, this is very powerful evidence that price is going the other way. Plot your MACD divergences. The more you see on the screen, the better your trades will be. Draw a line down the screen (on the chart of course) delineating start of session, and where you got your OHLC from to calculate the pivot points for the current session. I think you get the "point," pardon the expression.

Point : 32
Just to re-hash and beat an old drum, the 5 min chart is like the trim tab on a sailboat, for you sailors out there. It is small and insignificant, seemingly, but very powerful as it assists in "steadying" the course. Same too with trading, looking at the 5 min every once in a while will give you some insight into what is happening "underneath" the current 15 min bar that is forming. This is important, especially at the end of a run, where price might be trying to do an "end run" or "sneak attack" in the opposite direction to what you're thinking, while you're not watching, of course.

But, like I say, don't dwell in "5 min land" as ex-stock traders are wont to do. They are scalpers by nature, but will very quickly get scalped by the forex, as one of my new customers has recently found out the hard way. He now puts a trade on (with stop in place for sure), and goes to the airport to pick up company, or goes outside to clean the swimming pool – only to come back, and see how much money he has made by not obsessing over every little movement. I'm not saying don't pay attention, but what I am saying is too close is too close. Once you catch the trend, and enter a trade because you saw something in "reading bars," MACD divergence, pivot points, trendlines, or price action, let price steer the course, and "wait patiently" for the next event that will cause you to take action.

Of course, that action will be taken again because you saw something in "reading bars," MACD divergence, pivot points, trendlines, or price action. If you don't see anything significant, then DON'T DO ANYTHING. Sit on your hands. Don't press enter whatever you do! Oh, and before I leave this point, with a market maker I recommend, you don't have to leave the 15 minute chart to "peek" at the 5 min chart to see what's going on at that lower level, because they show the tick-by-tick action right on the 15 min chart, as the next 15 min bar is waiting to form.

Point : 33
I was recently asked how many signals he should wait for before pulling the trigger. As you recall, I earlier said that you should only take direction from "reading bars," MACD divergence, pivot points, trendlines – and price itself. Now, how many of these should fire before you engage your trade? Well, certainly, one is enough to set the tone – but all the more convincing where you have a couple or more all lining up and saying the same thing. For example, recently the Euro was in a downtrend from the session just ending, entering the new session still in a downtrend, when price did a double top at the nearest pivot point as the new session started. Well, there you have three things telling you what to do – go short, of course. We had the downtrend, the double top, and the double top banging its head up against the pivot point. Lots of evidence that price was southward bound. I think you get the point.

An analogy here: If you're sitting in your car at home waiting to go to work in the morning, and you are waiting for all the street lights to turn green on the way to work before you start the car, you will never get to work. So, the more green lights the better, but one is enough to get you going.

Point : 34
And now for some psychology. For you newbies out there, your self-esteem will grow the more trades you make. You will not always be right. You will make mistakes. That's only normal when you are first starting out, and even after you have been at it for a while. Don't beat up on yourself when you fail. Just say to yourself, "Next!" You must move on. If you are using wise money management techniques, like 20-30 pip stops, you will survive to see another trade. This is all about preserving staying power.

Don't second-guess your indicators (remember, "reading bars," MACD divergence, pivot points, trendlines, and price). You wouldn't dispute the dials and gauges in a plane, or you'd crash and burn. So, why doubt what your indicators are telling you. You must believe in them, and take "action" when they tell you to do so, BUT ONLY WHEN THEY TELL YOU TO DO SO! Have the courage to do so. And, now for the big one.
NEVER LISTEN TO ANYBODY ELSE. TAKE YOUR OWN COUNSEL. CLOSE YOUR EARS WHEN YOU ARE TRADING. IT'S YOU AND YOUR CURRENCY. YOU HAVE
NOBODY ELSE TO TURN TO. SO, DO IT. AND, STAY AWAY FROM NEGATIVE PEOPLE. DON'T TALK TO ANYBODY ABOUT THIS BUSINESS, UNLESS THEY ARE AS DEAD SERIOUS ABOUT IT AS YOU ARE. OTHERWISE, THEY WILL DRAG YOU DOWN. AND, BE HUMBLE. SAVE YOUR BRAGGING RIGHTS FOR LATER. THE FOREX WILL TAKE YOU DOWN, IF YOU TRY TO BECOME LARGER THAN LIFE. And, finally, focus on success.

Be careful what you think about. Your thoughts will
mould your actions and outcomes. If you are committed to the end result being successful, then you will get there. If you are always fearful, that affect your psyche. When you stumble and fail, just pick yourself up, dust yourself off, and get on with it. Don't be intimidated by a mistake, or a wrong decision. You will get better at this, especially if you keep a journal of all your trades, and study it to death. Be a professional. Be prepared.

Point : 35
I recently had a customer ask me what to do when price had headed north through all the pivot points for quite a run and lots of money in the bank, stalled at R2, and then continued its journey north. Answer: R2 is normally resistance. When price penetrated R2 headed north, and couldn't fall back through R2, R2 became support. It was a buy signal when price decided to continue its trek north. Remember, price is King. It will go where it wants to go. You must follow its lead, even if it already has put in quite a tear in one direction – even beyond its average daily range. It will keep going in that direction if it wants to.

Remember, currencies trend well. Don't buy too soon, don't sell too soon. Wait for convincing evidence that it has made up its mind. In this case, price played with R2, but never punched down through it with any sort of notion that it wanted to reverse course. Once it made up its mind to continue the journey north, all you had to do was follow suit. Don't fall prey to oxygen starvation at high altitudes like R2. Trust your indicators. Do what they tell you. This isn't about falling for your gut feel that price has gone "too far" up. It could go even further – a lot further, in this case – if it wants to.

Point : 36
You should not execute trades, as a general rule, in between pivot points. That area is NO MAN'S LAND. Wait for price to make up its mind on direction at a support or resistance level, supplemented by other indications of price direction – "reading bars," MACD divergence, reaction to pivot point, trendline breakouts.

Point : 37
Don't use MACD for anything other than divergence. Recently, MACD on the 15 was trending up, leading unsuspecting traders to believe that price was headed north. However, price did a u-e at the main pivot point, and headed south to find the other end of its range at S1. You wouldn't see this sudden shift in MACD, because it is a lagging indicator. So, to summarize, just use MACD for divergence and nothing else.

Point : 38
You should only take trades in and around pivot points – not in between, as stated previously. When price action centers around a pivot point, then take a look at the five minute to see what's going on behind the scenes. Because, you should have been focused on only the 15 min up to the point of price interaction with the pivot point.

Now, you want to pay attention to what price has up its sleeve. In the above example price faked out unsuspecting trades when it trended up through the main pivot point, only to tank as it did a price rejection bar on the 15 min chart. Of course, you wouldn't have seen this coming if you were only looking at the 15 min. You would have seen the price reversal on the 5 min, and been ready to head south with price.

Point : 39
The absence of divergence between MACD and price simply suggests that MACD is confirming that the price trend is intact. But, don't be fooled by this synergy. Please review strategy number 40 to see what I mean.

Point : 40
Resistance levels (M3, R1, M4, and R2) are levels (or sell zones) where sellers can be expected to outnumber buyers, and push price lower. Correspondingly, support levels (S2, M1, S1, and M2) are levels (or buy zones) where buyers can be expected to outnumber sellers, and push price higher. These expectations are based on my program's interpretation of buyer/seller interaction in the last session.

I think you will agree, after close inspection of the results of my pivot point calculations, that price hesitates, pauses, and decides on its course of action in and around pivot points. That's why you should never enter trades in between pivot points, while price is in transit, and in a state of transition.

Point : 41
Don't let anybody scare you off the forex by saying it is too risky. It is actually less risky than trading any other market, that is exchange-based. The forex cannot be "engineered," as stocks and commodities can be. Also, being a true seamless 24-hour market, there is less of a chance of your stops not kicking in. That's because the forex is highly liquid, trading ~US$1.5 trillion each and every day. It is the most liquid financial market in the world, bar none. And, you get good fills, with fast execution times.

Point : 42
On May 23, we have had a rather unusual day, in that price "reached" beyond its average range to put in 135 pips in two hours, just above R2, after starting its climb at the main Pivot Point. The Euro reversed course at the double top, and broke down through R2, to mark the end of its run to achieve its average daily range, or better in this case, within 12 hours of the start of trading for the current session. You would have noticed, of course, that the double top formation was also a "railway tracks" bar formation (if you just happened to have been looking at bars, instead of candles).

Those two patterns occurring at the same time are a pretty powerful indication that price has run its course. So, keep your eyes peeled for price patterns per se, but also for combinations of patterns occurring at the same time.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - D

2009-11-15T19:02:00.001+07:00

Point : 43
May 23 was supposed to be an M2/M4 day, given the up-close for the last session. But, the actual range came in at Pivot Point/R2. Trading is "shades of gray" ladies and gentleman. Pivot points are not cast in stone. But, they are usually pretty close.

That day, the combination of Pivot Point and R2 achieved better than the average daily range for the Euro, well within the confines of logic behind my pivot point definitions. The central Pivot Point becomes a buy point (read, support), when it is breached to the upside convincingly, and so it became a reasonable starting point for price to commence its "range-finding mission" for the session. Likewise, R2 is a sell point (read, resistance), and so it was a viable target for selling pressure, as the Euro exhausted its "search" for the end of its range for the session.

The main point in all of this is that the full range for the Euro was achieved within the parameters of the pivot point logic and rules, which is the most important point to get out of all of this. By that I mean that the four pivot points below the middle pivot point are all "buy" candidates, and the four pivot points above the middle pivot point (including R2) are all "sell" possibilities. Achieving the full range, or more than that as was the case May 23, is what it's all about, more so than strictly adhering to the M1/M3 or M2/M4 windows of "buying" and "selling" opportunity.

I hope you are beginning to see the power of pivot points in action. You only buy and sell in and around them – not in between, which is what we call "NO MAN'S LAND." Not the place to enter trades. The only caveat here is where price forms patterns like we saw that day above R2 with the double-top/railway tracks combination. Such a reversal phenomenon, especially with two distinct formations occurring at the same time, cannot be ignored.

But, what is significant here is the fact that this "double whammy" took place after price had penetrated R2 to the upside, which to me looked like an exhaustion area – considering the fact that the last point of resistance had been broken. Then, you look for convincing evidence that price is going to continue its trek north, or do a u-e, as it did in this case, and head south.

There are important lessons to be learned in all of the charts I post at this site. So, please study them carefully. There are parallels, as I am sure you can see, between one session’s price action and that of the previous one. In fact, given the nature of currencies trending well, every day pretty much looks the same, except for different actual ranges and different low and high points (read, iterations of the nine possible pivot point lows and highs).

Price will always determine which set of pivot points it is going to work with, and that is why you always follow price's lead. That's also why I call price the "fifth indicator," and perhaps the most important one of the five I work with. By now, you will have learned more about the other four indicators, as you studied the previous currency trading strategy tips.

Please study the charts I post at this site on a daily basis, as they offer important clues that occur each and every day! If you understand what you see in those charts, you can't help but prosper with your trading on a consistent basis.

Point : 44
Don’t be greedy. I heard it said recently by one of my clients that he walked away from a session with only 150 pips in his pocket, and left a lot on the table. Boy, for somebody coming from the stock world, as he did, he should been thankful for his catch of the day. The point is, if you start out as a newbie looking to carve out only 20 pips per session, then anything beyond that is gravy, and it will surely come over time.

But, don’t forget the old adage, “Nobody can argue over profits in the bank.” If you see a profit, and want to take it, then do so, and be happy. You’ll live to see another day, and take some more profits. Just don’t always grab for the brass ring. This isn't about always hitting home runs. This is about having staying power, and taking one base at a time. When you have good reason to exit a trade, make your move, and be done with it.

Point : 45:
Former Cleveland Brown's coach, the legendary Paul Brown, taught his football players a systematical/methodical procedure of understanding tasks to attain successful results in face of unforeseen, variable difficulties.

So too with foreign exchange trading. Forex trading requires adherence to a set of currency trading strategy rules, which I have set out at this site.

A wide body of research in behavioral finance shows that traders consider the loss of $1 twice as painful as the pleasure received from a gain of $1. That's why they take more risks to avoid losses than to realize gains. They end up buying high and selling low, contrary to conventional wisdom. Follow my currency trading strategy rules, and you'll avoid getting a closely cropped haircut when the forex tanks on you, as it did May 28.

Point : 46
I had somebody ask me why I waited until 03:00:00am New York time to make my move, in the mean time missing potential in advance of that timeframe. The answer is quite simple. That is when London trading kicks in, and that is generally the busiest session on the forex. You will notice that is when the Euro usually starts its major trend to find its average daily range of 76 pips. Those pips are usually put in within the first 12 hours of trading. Check it out for yourself. It happens each and every day, over and over again.

Point : 47
"Ascending Triangle": Price forms higher lows, and looks like somewhat of a horizontal line on top and a rising lower trend line. This formation is normally bullish. You take its height at its highest point, and measure that distance from the upper line to obtain the upside target.

Point : 48
By combining "pivot point readings" with other signals – like divergence, multi-tops, trendline breakouts, triangular patterns, etc. – you can pretty much tell where price is going next. Normally, I would say that you should only enter trades in and around pivot points. But, given the large distances that can sometimes happen between pivot point areas, you then have to be on the lookout for other evidence of future price direction.

Like I keep saying, trading is "shades of gray." Nothing is always black and white in this business. Trading is as much an art as it is a science. That all said and done, when price does encounter a pivot point, you can see that that point has a powerful influence over price. So, always be on the alert for that next point of interaction with the next pivot point, as it will have a distinct bearing on what happens next.

Point : 49
If you are trying to catch the major trend that unfolds during the London hours, but are afraid of getting your entry point figured out correctly, wait to catch the next entry point, as the Euro "reaches" for its average daily range of 76 pips. The next entry point will occur in and around the next pivot point that price passes through. Or, you may catch price as it tries to retest the pivot point it just went through. That way, you won't run the risk of getting in too early, when the trend tries to unfold in early trading. Sometimes, price fakes you out, and goes in one direction for a while, and then reverses course, before finally picking its direction. My favorite saying is, "He/she who procrastinates wins." What you are giving up, of course, are those initial pips of the trend, which may amount to, say 30 give or take, but you are more sure of capturing the remaining 46, as the major trend of the session matures.

Point : 50
I would like to remind you that the pivot points above the central "Pivot Point" have a "sell" bias, and the pivot points below the central "Pivot Point" have a buy bias. These biases hold true unless price action turns a pivot point's bias from sell to buy or buy to sell – i.e., from resistance to support or support to resistance.

On June 6, 2003, you would have observed from price action that M3 held its bias, but the pivot points below the central pivot points were turned from buy, or support, points into sell, or resistance, points. Of course, price action determined this.

The other important point to make is that when the major trend reveals itself, as it did on that day (and does every day, within 12 hours of the start of trading for the session), you should think along the lines of the bias. That day's bias in early trading was "short." Meaning, you should have forgotten how to spell the word "long." Scalpers want it both ways, but that doesn't work in the forex – unless, of course, you want a short haircut. I say this because currencies trend well. Don't second-guess the trend until it reverses itself with bona fide signals. In other words, don't sell to soon, and don't buy too soon.

Point : 51
Keep those trading journals going! If you always trade the way you always traded, you'll always get what you always got.

Point : 52
There is nothing that says you have to trade often, or even every day. In other markets, most professional traders catch only three to four really great trades a week, if that! Not so with the Forex. Here, the timeframe is more like a day. However, if you don't see any "ironclad" trades, then don't trade. Turn if off and go golfing.

Slow down, and drive the speed limit. This isn't a race. After all, you are in control of the market, not the other way around. Don't feel pressured into doing something you feel uncomfortable about. Wait for those "perfect set-ups" to make your move. Same goes for those "bad-hair days." If you are feeling out of it, sit on your hands, or go do something else. Take charge of your trading life, before it takes charge of you, and your money.

Point : 53
I often get asked what parameters I use for MACD. I use the standard default settings. They work just fine. After all, all you should be using MACD for is divergence.

Point : 54
I have said it before that you should only trade in and around pivot points. The only exception to that rule is if you see a trendline breakout or a bar pattern, like price rejection, that gives a clear signal that price is about to reverse course. If price is in between pivot points, and you are not sure what to do, don't do anything! If there's nothing to do, don't do it. Patience is the hardest thing to master in the forex, or any market for that matter.

Point : 55
The major trend for the Euro usually starts revealing itself as the London hours kick in. Up to that point, price may "bait and switch" you into thinking it is going one way, when in fact it is setting up to go the other way. It can easily fake you out, before the London hours start to unfold. So, be patient and wait. Look for clues coming out of the previous session as to where price might be going ultimately. Did you see a "head and shoulders" pattern?

Did you see a triangle pattern? Do you see price trending in any one direction over a period of time. Do you see any divergence in MACD (on the 1 hr and 15 min charts)? Do you see any channels, where price is looking to break either way? Play Sherlock Holmes. A little bit of detective work will go along way before you dive into the new session. Like the Boy Scouts say, "Be prepared!"

Be in charge of your trading. Put your emotions in your hip pocket, and save them for later. Run your trading as if you were running a "bricks and mortar" business. Same principles and rules apply. No different. This is not about betting and gambling. This is serious business. After all, your hard-earned money is at stake. Protect it at all costs.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - E

2009-11-15T19:01:00.000+07:00

Point : 56
I have people asking me all the time why I don't post my trades in real time, or why they can't call me while I am involved in my own trading activities. The answer is quite simple. This page is dedicated to my belief in the old adage: "Give a man a fish, and feed him for a day - teach him how to fish, and feed him for a lifetime!"

Plus, it would be very stressful and time consuming for me to take time away from my own work (and quiet time) to interact with a discussion forum. I am sure you will understand my position on this. I have customers in over 30 countries, and it would be a nightmare for me to react to each and every nuance that came along. A chat room is in our business plan, but at this writing, I don't have any idea of when that might happen. When it does, I will certainly give you lots of advance warning.

I teach people how to fish. I don't give them the fish. I can remember when I first learned how to trade. I had my mentor sitting right by my side each and every step of the way. Then one day he upped and moved, and changed cities. He actually moved to a remote and secluded island to get away from city life. Nice move for him, but it left me in a state of panic. How could I possibly survive on my own? I can tell you, ladies and gentleman, that I really learned how to trade when I had to do it on my own, and those were real drops of sweat rolling down from my forehead all over my face.

This is about you and the market, and you mastering your innermost psyche. Anybody can learn to trade the forex my way. But, what will get you every time is that little inner voice doubting your every move. And, then there's fear and greed that will bite you real hard too. It's the psychology of your mind that you must master. You must become disciplined and patient to a fault. You must react only to bona fide signals, that I teach here. Otherwise, you would be better off heading out to your local casino, and taking your chances there.

The forex is not about gambling. It is about running a business, where there will be gains and losses. Your every effort and constant struggle should be to get a grip on those times when price goes against you. You are in charge. You can get the upper hand on price by trading "smartly," and using good money management techniques, that I also teach here. You won't win every time. But, with my system, you should come out ahead seven out of 10 times. The trick is to limit your losses to small ones, and let your profits soar.

Getting back to going solo without an instructor at your side during each and every step of the way, I recall a friend of mine telling me how he learned to fly. After several practice flights with his instructor in the cockpit with him, they landed back at the airfield, and the instructor turned to Pal and said, "Now, it's your turn to take it up. I'm getting out. You're on your own buddy." Talk about anxiety and stress.

Well, Pal took off and landed all by his little 'ole lonesome. But, he was pale and his knees were knocking when he got out of the plane back at home base. He has soloed ever since. It's his passion now. There's something about being able to do it yourself, without a partner holding your hand all the time. It's called "confidence boosting." If you can fly or trade by yourself successfully, there probably isn't anything else in life you couldn't do equally as well. Actually, Navy pilots who land on aircraft carriers make the best traders. But, that's another story for another time.

I can tell you my friend learned more about flying in that one solo session than he did all the times his instructor went up with him. Same with trading. You can do it. Just believe it so. Dedicate yourself to becoming a master at it. Analyze, read, study, think. Ask questions. There is no such thing as a stupid question. Become passionate about your trading. Don't think of it as a get-rich-quick scheme. Do it because you love it. Do it as if you would do it anyway, even if you weren't making money. There has to be an element of fun in it for you. If it's all work, and no play, well you know the answer to that one.

Don't get me wrong. I am here to answer your questions whenever you need my help. I am dedicated to your success, and your happy times with your family. Nothing would give me greater pleasure than to get an e-mail from you telling me how this has turned your life around, and that you are now happily making money trading the forex my way.

Point : 57
Don't get hung up on reading bars when you think you have caught the major trend. Once the trend is unfolding, you then look for a place to enter - around a pivot point. You look to reading bars to signal a change in the direction of the major trend.

A double top in a downtrend means nothing. A double bottom does. So, a price rejection bar or double bottom in a major downtrend would signal a short-term reversal, and that's all. But, once you see the major trend unfolding – say, on the short side – you pretend you don't know how to spell the word long. Stick with the overall major trend that is unfolding.

These comments relate specifically to the beginning hours of London trading, which is when the major trend reveals itself.

Point : 58
You need to get to the point where, when you look at a chart without any visual aids, you see indications as to where price is going. This has to become "second nature." At that point, you can trade with ease. And, your stress level will go down, because you will be in control of the market, not the other way around. This only comes with practice, day after day. This takes patience, and staying power. You must hang in there until you get it. Winners never quit; quitters never win.

Point : 59
At first, if you are fearful, don't trade until you see what you consider to be an ironclad set-up that you are familiar with – an easy one. That may mean waiting out a session or two, but that's okay. There's no rush. I find with some people they seem to have to prove something to themselves or someone else. Some people think they have to scalp all day long for some reason that is beyond me. After all, you are in control. Take your time.

Relax. Enjoy it. Sooner or later, you will see a bona fide set-up that you recognize, and bingo you're in. When in doubt, do nothing. When there is no doubt, do something, do anything – pull the trigger.

Point : 60
Unfortunately, you will not always get all the signals you need to pull the trigger. After all, this is as much an art as it is a science. You cannot always be 100% sure that you are doing the right thing. If you wait forever to get all your ducks lined up, you may wait a long time. My favorite analogy goes something like this: Pretend you are sitting in your garage at home wanting to go to work, but you are waiting for all the street lights along the way to turn green before you pull out of the driveway.

Guess what folks? You'll never get to work. Same with trading. Sometimes, you just have to make an educated guess (based on the currency trading strategy recommendations contained at this site) and go with it. You won't always be right, but this isn't about being right. It is about making a decision, sticking with it, and reversing course if you have to. Accept getting stopped out as God's way of kicking you to a higher level. Just one more step to success.

Point : 61
Thanks to Tom for this: There are two choices to be made – LONG or SHORT when a certain point in the session(M1, S1, R2, Pivot ... etc.) is reached. The BASIC rule is BUY (go long) below the pivot in the S1, S2, M1, M3 zone and SELL (go short) above the pivot in the Zone R1, R2, M2, M4. Obviously it isn’t as simple as this and other indicators such as MACD divergence, reading bars, trends, and patterns all add to the question LONG or SHORT. Bang on Tom! Way to go!

Point : 62
I have said previously that you should make your buy/sell decisions around pivot points. However, for example, if price is meandering in between pivot points and then does a double top, that would lead me to believe that price is going down. So, there are times when you would want to make your move before waiting for a pivot point to be hit. Of course, there's nothing wrong with waiting for price to do so and then reacting.

Point : 63
Thanks to Harry for this one: He indicated that I sometimes refer to "price rejection." And, what does that mean. It simply means that a price reversal bar has formed, causing the bar in the middle to have a higher high than the bars on either side of it. The price bar in the middle is essentially a key reversal bar. And, what you have is a "swing change." That is, price is reversing course, and heading south. The same holds true when price is reversing and heading north. You then have the bar in the middle of the three-bar pattern with a lower low than the two on either side, and the one in the middle is the key reversal bar.

Point : 64
Repetition is the key to success in any endeavor in life, including trading the forex. The more you practice trade, the more you trade real money, the better you get. You just have to keep at it - over and over and over again. Persistence is the key. You're bound to get better at something if you do in constantly and don't quit. Don't let the market psyche you out. When you have a down day, just treat it as experience. Lessons learned. But, try to learn from your mistakes. Keep those journals going. If it's not written, it doesn't exist.

Point : 65
I get the impression that some of you are not paying enough attention to trendlines. They are very powerful. Price WILL change direction when it breaks the trend, regardless of what other indicators may be telling you. So, draw them, and let them be your guide. REMINDER: In an uptrend, as we saw June 25/03, as long as the trendline holds, buy the dips. In a downtrend, sell the rallies. In an uptrend, don't look to go short EVER! In a downtrend, don't look to go long EVER! Plain and simple.

Point : 66
Thanks to Stu G. for this one. I have been harping on using MACD only for divergence. But, Stu is right. I do on occasion, as I did June 26th/03, use MACD to confirm the trend. If the price trend has been consistently down over a period of time, then it could very well be that when price tries to go counter-trend, it may just be a retracement or a temporary move in the opposite direction. I usually like to stick with the major trend. In a downtrend, sell the rallies; in an uptrend, buy the dips.

Point : 67
I was asked by some of my readership what happened Friday, June 27, with all the wide-range bars on the 15-min chart. That was a tough day to trade, even for seasoned professionals. Lots of whip-sawing. Lots of stops got taken out. Trading patterns were dominated by end-of-quarter positioning. A good day to stand clear. So, be prepared for the next end-of-quarter, and the one after that, and the one after that, etc. Mark those dates on your calendar. Trading is as much about being organized and prepared, as it is about being good at it.

Point : 68
Marathon runners have only one thing on their mind when they are running – to cross the finish line. They NEVER look back. Same too with trading. You should focus on surviving for the long haul. Sure, you will stumble and fall. But, just pick yourself up, just yourself off, and carry on. Winners never quit, and quitters never win.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Forex Strategy - F

2009-11-15T19:00:00.002+07:00

Point : 69
Beware of holiday situations like the long July 4th weekend. Trading tends to be thin, and it is difficult to produce meaningful pivot points. Best to just go golfing, and forget about it. There's nothing that says you have to trade every day. Get a life.

Point : 70
If you are having trouble with your entry points, I suggest you try waiting until you see a hammer or a spinning top, and then pull the trigger. You may wait a long time, but at least you will be sure of getting a good entry point, as these particular candles are powerful precursors to a shift in price direction. Have a look at any chart and see how many of these candlesticks you can pick out. You might be surprised at how many there are. For more information on these bar formations, please read my August, 2003 edition of my newsletter: www.tradingsmarts.com/newsletter0803.htm Obviously, if you click on that link after August 1, 2003 the newsletter will be there. Before then, it won't.

Point : 71
I just returned from a meeting with a group of young traders who have been at the forex for the past two and a half months. They are making steady progress, and I am extremely proud of them. I thought I would pass along their observations that may prove helpful to your own trading. They have backed off short-term trading, and are more into position trading the forex – using a longer timeframe – taking cues from the 1 hour chart. They also believe that signals that occur on that chart are more powerful than those on the 15 min. For example, a signal on the 1 hour would have more weight than an indication on the 15 min.

Basically, what they are saying is that you should wait on a trade for confirmation on the 1 hour chart before pulling the trigger, unless of course you see an ironclad setup on the 15 min chart. Trading is shades of gray ladies and gentlemen. These ideas are working for them. That doesn't mean to say you can't experiment on your own. If you do and find something that works for you, please let me know, and I'll share it with the rest of the gang.

Point : 72:
Clarification re Aug. 22/03 chart, thanks to Bill: Bill quite rightly pointed out in the chart for August 22/03 that there were hammers at 3:01 and between 5:01 and 6:01 that didn't take. My answer to him was that such a candle should be complemented by some other indication of a shift in price direction. For example, in the cases he cited above, price did not break the down trendlines - so, in effect, the hammers' supposed effect was nullified. To conclude, bar formations that should signal a change in price direction should be accompanied by other signals, including pivot points. In other words, what happens to price around a pivot point when you see a hammer? Does the pivot point support what the candle is saying? Thanks Bill for this.

Point : 73
I was recently asked where one could find volume figures for a currency. None of the popular sites carry it. Nor is it necessary as the Forex is a very liquid market. Volume is somewhat redundant anyway in that regard. You just need to use technical analysis to trade the Forex.

Point : 74
Pay attention to that news. I had been calling for an advance in the euro and Swiss franc and, sure enough, they both popped on bad unemployment news in the U.S. September 5, 2003. News is not noise in the Forex.

Point : 75
There are “talking” bulls and bears and there are “real” bulls and bears. The real ones are reflected in volume and open interest. But, these numbers are not available for inter-bank currency trading. However, they are reported for futures markets, which represent a good proxy for sentiment because they are primarily a vehicle for speculation.

Turning points in currency markets often coincide with extremes in open interest levels, which represent extremes in speculation. The key here is to watch for extreme levels and extreme changes in both open interest and volume to signal a possible change in trend.

Open interest numbers are of little use intraday. However, knowledge of a change in trend or extreme speculation in a particular currency based on open interest and volume can be valuable information for any trader in any time frame. That’s where an understanding of how COT works can improve your chances of detecting the underlying bias to a particular FX currency based on its futures counterpart, and anticipating its next move.

As at September 2/03, the commercial traders were extremely long with their net futures positions on the euro FX and the Swiss franc FX, versus the funds, which were extremely short. When you see such extreme divergence between these two camps, you know that price will probably follow the commercial traders’ lead.

The euro FX and Swiss franc FX represented good position trades to the long side at that time. A good buy-and-hold situation for position traders. Sure enough on September 5/03 we had bad unemployment numbers coming out of the U.S., and both currencies popped. Who could have guessed?

Point : 76
I think there is a misconception out there that you have to trade only the 15 min chart. You can also trade off the 1 hr and daily charts. It just lengthens the cycle. For example, when I called the euro and Swiss franc to rise, you could have taken a position on the daily chart and rode it up. That's all I'm saying. Likewise, you can wait to take a position until you see a valid entry point on the 1 hr chart. Etc.

Point : 77
For newbie traders, it is probably best to steer clear of Mondays, the day after a holiday weekend and end-of-quarters where there is a lot of position squaring going on.

Of course, there’s more to be learned about currency trading strategy in my original book on trading and the two e-books on trading the forex – available only at currency trading strategy You automatically get all three when you order at that link. If you are reading this page, you probably already have these books, and are reaping the benefits.

Happy trading

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Guess the price movement ?

2009-11-15T19:00:00.001+07:00

If you are an active trading you must have "lovely pairs" where
you know their charecteristics and movement. And that's why a
professional traders suggested to trade one or two pairs for new
traders. We need to know deeply aboy the pairs so that we feel
familiar with them.

I brought up this item because I have one lovely pair - Brit/USD.
On a certain time I don't need to use any technical strategy
in order to trade Brit/US. Normally I will make big pips when I
found that condition but the trading might be taking 3 days until
10 days. Therefore, I will make more than 200 pips.

What is the condition to focus ?
It's very simple; Whenever Bri/USD in at the extreem highest or
lowest I would go LONG or SHORT. Three days ago when
Bri/USD at 2.0125, It's already at extreem area ( you can see
the daily chart).Then I took SHORT position, with Stop Loss =
100 pips.

Now on April 21.2007 Brit/USD is at 2.0021 and next few days
It might be going down and down . Now I've profited 100 pips right ?
What you have to remember is that Stop Loss must be higher to
anticipate the price. Just like three days ago I saw that the price
was at 2.0125 and if the price went up again up to 50 pips higher,
we were still save because the Stop Loss is 100 pips.

Don't panic if you put higher Stop Loss, you can reduce your lot
size when you trade on this lucky condition, so that you will not
lose much money if the price go against your direction.

I always trade on this condition. Do you still remember last Month
when Bri/USD was at 1.9200 level ? Can you imagine your winning
percentage if you trade at the time ? You must have got a big fish !!.

I hope you can get what I am trying to explain here. I never studied
Forex at the university and I never know how to create a program or
excellent strategy but I can find a lot of free amazing strategies out
there and I can profit from them.

You don't have to know a lot of theory.....you re not going to be a
lecturer or teacher but just to make
pips and pips and pips..that's all. Never try to search for holy grail..
but you can adjust any strategy to be your holy grail.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Hedging -Zero Risk

2009-11-15T18:59:00.004+07:00

Hedging -Zero Risk

Hedging is defined as holding two or more positions at the same time, where the purpose is to offset the losses in the first position by the gains received from the other position.

Usual hedging is to open a position for a currency A, then opening a reverse for this position on the same currency A. This type of hedging protects the trader from getting a margin call, as the second position will gain if the first loses, and vice versa.

However, traders developed more hedging techniques in order to try to benefit form hedging and make profits instead of just to offset losses.
In this page, we will discuss, some of the hedging techniques.

1. 100% Hedging.
This technique is the safest ever, and the most profitable of all hedging techniques while keeping minimal risks. This technique uses the arbitrage of interest rates (roll over rates) between brokers. In this type of hedging you will need to use two brokers.

One broker which pays or charges interest at end of day, and the other should not charge or pay interest. However, in such cases the trader should try to maximize your profits, or in other words to benefit the utmost of this type of hedging.

The main idea about this type of hedging is to open a position of currency X at a broker which will pay you a high interest for every night the position is carried, and to open a reverse of that position for the same currency X with the broker that does not charge interest for carrying the trade. This way you will gain the interest or rollover that is credited to your account.

However there are many factors that you should take into consideration.
a. The currency to use. The best pair to use is the GBPJPY, because at the time of writing this article, the interest credited to your account will be 24 usd for every 1 regular long lot you have. However you should check with your broker because each broker credits a different amount.

The range can be from $10 to $26.
b. The interest free broker. This is the hardest part. Before you open your account with such a broker, you should check the following: i. Does the broker allow opening the position for an unlimited time? ii. Does the broker charge commissions?

Some brokers charge $5 flat every night for each lot held, this is a good thing, although it seems not. Because, when the broker charges you money for keeping your position, the your broker will likely let you hold your position indefinitely.
c. Equity of your account. Hedging requires lots of money. For example, if you want to use the GBPJPY, you will need 20,000USD in each account. This is very necessary because the max monthly range for GBPJPY in the last few years was 2000 pips.

You do not want one of your accounts to get a margin call. Do not forget that when you open your 2 positions at the 2 brokers, you will pay the spread, which is around 16 pips together. If you are using 1 regular lot, then this is around 145 usd.

So you will enter the trades, losing 145 usd. So you will need the first 6 days just to cover the spread cost. Thus if you get a margin call again, you will need to close your other position, and then transfer money to your other account, and then re-open the positions. Every time this happens, you will lose 145 usd!

It is very important not to get a margin call. This can be maintained by a large equity, or a fast efficient way to transfer money between brokers.
d. Money management. One of the best ways to manage such an account is to monthly withdraw profits and balancing your positions.

This can be done by withdrawing the excess from one account, take out the profits, and depositing the excess into the losing account to balance them. However, this can be costly.

You should also check with your broker if he allows withdrawals while your position is still open. One efficient way of doing this is using the brokerage service withdrawals which is provided by third party companies.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : How many System for trading ?

2009-11-15T18:59:00.003+07:00

Iam sure that you have at least one strategy now for trading, and you
might loose or make money from it. But one strategy is enough ?
Many traders stick only to one strategy for his trading. Is it effective ?
The answer is NO.

Let's see the consequences; Normaly passive or active traders will start
to trade at once when they are in front of their desktop eventhough their
strategy did not give the signal. And at the end they will quess or gamble.
One strategy might not give you a signal everyday and you might not be
in front of your desktop when the signal released. Tha'ts why you must
needs more than one strategy. If one can not give the signal,the other one
could give you or even all can give you at the same time.

The most impostant things is that all the strategies have their own sensitivity
toward the price direction especially when the price not trending.

This is the most difficult situation that strategy catch..but sometimes if the
strategy can catch the signal, it will be powerfull and making a very big profit.

And now..it's your choice to stick to only one or get some other new. One
strategy will force you to gamble or to guess when it can not give you a
signal at the time you are ready to trade. You must avoid this critical situation.

Last time I have a good strategy which I purchased in internet, but it did not give
me signal everyday I could not wait...for a long time not to trade..and fimally
quess or gamble...and as a matter of fact I lost my trade. When the strategy or
system gave the signal, I was not in front of my PC. It can also happen to you.

Trading will involve your emotions your reaction, attitude, the difference is only
their level. This is the reason to choose more than one strategy to satisfy your
emotions . He...he.....he....

Happy trading

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : I need only Big PIPS

2009-11-15T18:59:00.001+07:00

You might frequently win small pips ( 5,8,10,13 pips) when you are
trading some pairs. I don't like to have such small pips. They are
'peanuts" and make me suffer. As I expained many times there are
some good free strategies out there to choose. It's you to familiarize
with some of them in your trading.

The above statement may sound stupid for all of you, but to me 'not at all"
because Iam a passive trader but with active money. I could not imagine
how someone to sitting still in front of their desktop just for 8, 12, 0r 14
pips. It's a terrible way of making money in forex trading. I'd better put two
trades per day and get 200pips rather than win 10 tradings but only maing
100 pips. The more you trades teh more you loose.

What's the strategy I use ?
Lets look at your directory, you might have this one :

In order to create a trend line, it is necessary to locate the two
points to create the trend line. In this example we will be talking
about a demand trend line (uptrend). An uptrend is created when
demand exceeds supply; this is where the name demand line is derived
from.When choosing the points to create a demand line we are focusing
on points of support. True points of support are only those which
low has two candles to the left of it and two candles to the right of
it which lows do not exceed the low you are using. See the examples
below for reference of true support points.

In the chart above, I have marked the two points that will be used to
create the demand line, remember only two points are used to create
our trend lines. Notice how I refer to the most recent point of support
on the chart as the 1st point, remember we trade the most dynamic
market in the world, right to left is the key. To find the second point
of the demand line we look for the very next point of support that has
two candles to the left and two to the right that do not exceed the low
of the support point.

Once we have created of trend line, our next step is to use this trend line to
create a downside price projection once the market opens a candle on the
four hour chart below the demand line. Note I only say once the market
opens a candle, mentioned nothing about close because only the open of
a candle is necessary to create the price projection. The price projection
is created this way; you take the highest high created above the demand
line and mark it with a vertical line. As pictured in the example below:

Next you need to take a horizontal line and mark the point where the
vertical line coming from the highest high recorded above the trend line
intersect with the trend line. What seems complicated at first will be
much easier observed and understood in the example below

Note the two values listed on the chart. In the next step we take the
difference between the highest high recorded above the demand line
and the point where the demand line is intersected by the vertical line.

Highest High 1.9146
-
Point of intersection 1.8960
0.0186

We get a difference of 186 pips. This number becomes our price
projection. The final step in the process is the point of application
of the price projection. The price projection will be 186 pips to the
downside once a four hour candle has opened below the demand line.
It is key to become accustomed to this technique because price usually
reacts quickly to the downside once a candle has opened beneath the
demand line. Valuable pips will be lost if the trader does not react
quickly in many cases.

The price projection is made at the open of the first candle to open
below the demand line. For visual reasons above the candle has closed
also, but the price projection should be projected immediately following
the open of the candle. Remember, we don’t need the candle to open
and close below the demand line in order to make our price projection,
only the open is needed. Above in the example, we have an open value
of the first candle below the demand line at 1.9010. From this value we
will subtract the 186 pip difference we got from step 2.

Open below demand line 1.9010 -
Difference from Step #2 0.0186
1.8824

1.8824 becomes our price projection to the downside from the open
of 1.9010. This is a 186 pip potential trade.

Notice the price projection marked at the bottom of the page. The
line was place 186 pips below the open of the first candle below the
demand line. Let’s see the trade just one candle after entry

Note the rapid decline in the value of the currency once it breaks the demand
line. Let’s see if it reaches the full price projection

Notice how price fulfilled the 186 pip price projection. What may seem at
first to be a complicated task, once reviewed and practiced by traders
becomes a very easy and profitable way to trade. Trend line projections
give the trader the best overall view of where the market will be going. In
the above examples we have discussed demand lines and the downside
price projections once the demand line is broken. In the next section we
will discuss supply lines and the upside projections that are created from
supply line breaks. The same technique is used in both instances except
you are using know a supply line instead of a demand line and you will be
projecting a upside breakout instead of a downside breakout

----------------------------------------------------------------------------
In order to create a supply line, it is necessary to locate the two points that
create the supply line. Remember that a supply line is the same thing as a
down trend line. A supply is created when supply exceeds demand; this is
where the name supply line is derived from. When choosing the points to
create a supply line we are focusing on points of resistance. True points
of resistance are only those which high has two candles to the left of it and
two candles to the right of it which highs do not exceed the high you are
using as your point of resistance. See the examples below for reference
of true resistance points.

Notice how both points of resistance have two candles to the left and
two candles to the right that do not exceed the high of the resistance
point being used. Next we connect these two points of true resistance
to create our supply line.

Once we have created the supply line we want to draw a vertical line
through the candle that has the lowest recorded low below the supply
line. From this line we want to record the value where the vertical line
intersects the supply line and also the value of the lowest recorded low
beneath the supply line.

By calculating the difference of these two values we arrive at the price
projection pip value. In this example we want to perform the following
equation:

Value of trend line a lowest low intersection 141.75
-
Lowest recorded low beneath supply line 139.72
203 pips

We have now arrived at a projection point of 203 pips to the upside from
the open of the first candle above the supply line.

We are now waiting for the first candle to open above the supply line
so we can add 203 pips to that to arrive at our exact price projection.

The first candle has opened above the supply line so it is possible to
calculate the price projection by adding 203 pips to the open price.

Price projection of 203 pips targeted. This concludes the section on
supply and demand line breaks and price projections. Attached are
several power point examples to help you better understand this
technique.

Happy trading

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : It's easy to get PIPS

2009-11-15T18:58:00.003+07:00

Yestarday's posting I wrote one amazing indicator that give you
incredible pips. Did you use it ? I attached also my real trading
chart using the indicator. I did not tell you a lie, Iam not a
signal provider who just send the numbers but I gave you my weapon
on how to get the pips.

Let's take a look at yesterday's performance as your reflection.

Today the indicators shows an incredile winning pips as I attached here.
Do you use the indicator ? If you don't use it meaning that you are still
looking for uncertain indicators like many other traders. It's so real
that the indicator make pips, you don't have to do many thing but only
follos one single indicator, Single indicator....right.

I try to help the beginnner who read this blog and as a gift for all of
you I give everthing free...free... and free.....

This is my trading chart today. Take a look.

I get many pips..right......

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : How to know trends

2009-11-15T18:58:00.001+07:00

The basis for drawing trend lines onto charts is probably one of the most basic to do and master, yet it is one of the more powerful and reliable indicators used to determine a change in trend.

Trend lines can be applied to many different indicators but for the reference of this article we will use closing price data. This is the most common data used.
We will discuss the other uses at a latter stage.

Use the list below to navigate or simply scroll down,

1.What are trend lines and how to draw them !
2.Support lines.
3.Resistance lines
4.What to look for / Breakout's

When viewing most charts a pattern of the price formation is usually visible to the naked eye. This pattern is called a trend and these trends have three distinct patterns.

Up trend

UP TREND : Prices increasing

A down trend with trend line drawn in

DOWNTREND: Prices decreasing

Holding pattern with BOTH lines drawn in

Note Rising volumes on lead up to Breakout

HOLDING or FLAT LINE : Prices stagnant or small trading range

Draw a line connecting the lowest points on a chart in an up trend.
Draw a line connecting the highest points on a chart in a down trend.
Draw a line c Draw BOTH highs and lows for a holding pattern

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Less Trade but More Pips.

2009-11-15T18:57:00.002+07:00

Do you want to trade real forex but you don’t have much time in front of your desktop ? Don’t worry ! we still have solutions to this problem. Normally I prefer to trade long period to short period except when I want to play game I will use scalping system.he..he..he..

Long trading will enable you to have more time to relax and to do other business, and the system that I will write down here is a very simple one, not extraordinary system, but according to some traders they can profit 2500 – 3500 pips per month using the strategy…..

By the way….have you ever got 2000 pips per month ? Oh… what a pity ……. Last year I ever got 3000 pips in one week…yes one week.…..he..he..he… eventhough I never learnt Forex at the University….

And the pairs you can trade using this system are : : GJ,GU,EU,AU,UJ,UChf,UCad,NU and EJ.

Remember traders, we only have 4-6 entry point for every pair a month with approx. 100-200 nice pips each.

We must patience to wait those entry points, so keep smiling…and don’t worry, you will make money. Iam sure about that !.

Here is the tool you need.

Metatrader4
EMA5 Red
EMA 15 yellow
EMA 50 White

MACD (5,13,1):
Fast EMA 5
Slow EMA 13
MACD SMA 1

Momentum value 10
QQE
TF : 4 hrs

Buy :
When the 5 Ema crossed 50 upward that is the first signal. Please check the MACD, the bar must be climbing up. after 15 crossed 50 the signal is 98% bullish.

Please open your buy there with TP1 80 pips and lock profit for 50 pips after TP touched and let the price go to TP2 180 pips.

Usually MACD, QQE and momentum are crossed up at the same time, and that is a signal to upload your weapon.

Patience traders as we are trading in 4h time frame. Noo need to Hurry.

MACD : Please draw a red line in zero line.

QQE, blue crossover upward means bullish and the time QQE crossover the MACD is going up and so is momentum. That means get ready to open long position and I suggest that you wait for 5EMA to cross 50 EMA for more safe. This Condition guarantee 100-250 pips bro.

That means Bullish when bar forms upper the blue line and bearish if it forms below the blue line.

In Forex Trading patience is the most important thing, we trade less doesn't mean less pips, but on the other hand less trade could be more pips.

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Let's use this Strategy

2009-11-15T18:57:00.001+07:00

As I told you before that I never created any
single strategy by myself because I can find
many out there for free. The things that I always
remember is just how I use them to make profit.

Never searh for the holy grail, you will never
find it, but a very simple strategy could be
a holy grail if we can use them "nicely". To make
a strategy nicely or friendly to us is just to
ractice it and observe.

Many traders sais that one strategy is profitable
for them but at the same time many traders said
also they loose money with the same strategy.

Let's take a look at this example.

''The Tlatomi Method''

SETUP
1 - 4 Hour chart (This system works best with GBP/USD, GBP/JPY

2 - NonLagMa_v4

Filter=20
Color=1
ColorBarBack=0

SHI_SilverTrendSig

Allbars=0
Otstup=30
Per=9.0

Don't forget to change the colors also (0=blue-1=red)

FX Sniper's Ergodic_CCI_Trigger

pq=4
pr=8
ps=5
trigger=

Notes : For All indicator in Tlatomi you can downloaded
HERE

and template HERE

Enter long when :
1 – a blue dot appears
2 – the ergodic CCI crosses up the trigger line ( blue line
crosses up the red one )
3 – NonLagMa color changes to yellow

Enter short when :
1 – a red dot appears
2 – the ergodic CCI crosses down the trigger line
( red line crosses down the blue one )
3 – NonLagMa color changes to yellow

Exit

Exit when a new dot appears (red if you are long and
blue if you are short). This method gives you mecanicals
trades. Don't hesitate to transform them into a
discretionnay trade after because you can see things
that the system can't.

Sometimes, it will be the difference
between a 30 pips trade and a 300 pips trade. Once you
move your stop to breakeven and add a trailing stop –
you can't wait alittle more time to see what the market
wants to give you.

Stop

In general, I look for previous daily Resistance-Support
but I don't have only one method for my stops.You can also
looks for the high or low of the previous bar.

Remarks

Price enter :

The price enter is the open price of the candle or bars
where the NonLagMa is yellow.

Ergodic_CCI :

The signal is stronger when the FX Sniper's
Ergodic_CCI_Trigge is above 300 or under -300

Note :

Please download Metatrader 4 and insert the
three indicators into: \\metatrader\expert\indicator
and template :\\metatrader\template
You open firstly the template and drag all indicators
to your chart.

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Let's Catch BIG PIPS

2009-11-15T18:56:00.002+07:00

A few weeks ago my friend send me avery simple strategy
And I want to share with you the strategy. Please read on.
This system will have you miss many opportunities. You might
still say to yourself "I shouldn't have closed that position"
or "I should have gone the other way," then odds are that
you will try to modify the system for better entries and exits
and eventually you will make it either far too complex to be
practical, or a loser. If you want to modify it, please make a
new website about it so that the beginning traders don't get
confused when they try to apply what they just learned to their
trading.

I expect many of you to brush off the system as bad once you
get to the chart setup section. Why? Because you probably have
tried something very similar when you first started and gave up
after the first few losses. This is what happened to me when I
started as well... But enough of this, let's get to the system.

The System:
The system is based on what I mentioned previously, all
commonly accepted principles of successful trading: go with
the trend, cut your losses short, let your profits run.

Currency Pair:
First we need a currency pair that trends. Most crosses
accomplish that rather well so we'll pick EUR/JPY.

Timeframe:
As we mentioned before, small time frames are ideal for whipsaws,
so for the sake of our profits and for practicality purposes
we'll stick with a middleweight time frame: H4. That way, we'll
only have to look at the market for a few minutes 6 times a day.
Only place your orders and limits right before the open of the
new H4 bar.

Fundamentals:
We won't bother with fundamental trading here, this is for
the advanced traders who are able to handle high stress situations.
The system will force us to protect our position against any
adverse fundamental movement anyway.

Chart Setup / Indicators:
This is where I expect most of you to roll your eyes. We'll
use two indicators for this system: one for entry and one for
exit.Open your 4 hour chart and place a Simple Moving Average (SMA)
with a value of 39. This will be used for entry. Now add an
Exponential Moving Average of 13. This will be used for exits.
That's it, nothing more, nothing less. These two indicators in
themselves will get us in with the trend and let us ride our
profits.

Trading Rules
Entry: Go long when the price crosses the 39 SMA up from below.
Go short when the price crosses the 39 SMA down from above. The
best way to make sure you get your entry at the right price is
to put a limit order. If you don't have a position open, simple
put a limit order to buy or sell at the 39 SMA level.

Stop Loss & Reverse:
In the spirit of keeping the system as simple as possible we'll
use a fixed 50 pip SL&R. The point of the reverse order is to
make sure you are back in the right direction if the trend were
to change direction before you could take profit. Your reverse
order should also be protected with another SL&R.

Exit / Taking Profit:
We will trail our profits with the 13 EMA. In a long position,
when the price closes below the 13 EMA, exit the position for
a profit. In a short, when the price closes above the 13 EMA,
exit the position for a profit. Do not revere your position
once it's closed.

If the price closes below or above the EMA while in a loss,
don't close your position, let it run to the stop loss. This
will keep you from getting whipsawed too many times.

Money Allocation:
I like to open 1 lot per $10,000 I have in the account. As
the account goes up, increase the number of lots proportionally,
as it goes down, decrease the number of lots proportionally.
After a 50 pip loss, if you see a 50+ pip profit, you can
protect this position or even close it and start over on the
next trade.

There were two trades last week. The first one was a short
when the price crossed below the 39 SMA from above (red circle,
stop loss and reverse is the red line). We exited that trade when
the price closed above the 13EMA (black circle). We placed a
Buy Limit at the 39 SMA. This was triggered within 4 hours and
now we had a buy (blue circle) with a 50 pip SL&R (blue line).
The trade is still going. It will be closed once the price closes
below the 13 EMA.

Behind the numbers:
13 EMA: Thirteen is Fibonacci number that many traders like
to use. I simply chose it because it trails the trends of
EUR/JPY nicely.

39 SMA: This is three times thirteen. Plotted for longer
term trend.

50 pips: I used this number on the first page to explain the
idea behind the SL&R technique. I kept it in the system for
good measure.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Look at the chart....Get Your PIPS.

2009-11-15T18:56:00.001+07:00

I assumed that most of you have lost your money in Forex
Trading, right ? I never learned Forex Trading at the
University, believe me… because that’s not my subject at
the time. That’s why I don’t care and I don’t know what
really mean “ moving average, slow stocastics, MACD, and
many other educational termination. And I don’t have to
know them either in order to make pips.

I would be very disappointed if some “ experts” in many
Forums talk over all the above termi as if he were
talking to his students at the university. Are you going to be
A teacher of Forex or just pip maker….. Are sure that they
make profits during their trading ? Nonsense….Finally they
will sell you their ‘books”. And the funny thing is that
“they make more money from selling
their books than make pips or profit from their trading”. He…he…..he…….

Four years ago I bought one expensive books which is ticker
than a bible, and what I can found is only the above
terminations….and how they come, how they use but we are not
told how to make pips. Crazy….I spent $250 for the rubbish.

Now Iam going to put money in your pocket….he..he…he sorry …
I will not charge you a cent…

Look at the chart…….that’s money right….

That’s the real chart !
Do you need the indicator ?.......Ok…I’ll give you free..
because I got it free….from my friend….

Here is the rule :

-Each candle on the chart is accompanied by a blue
line or a red line.

-The blue lines indicate a long position whilst the
red lines indicate a short position.

-The coloured lines attach themselves to each candle
at the beginning or during its formation.

-When you notice a new coloured candle after a series
of opposite coloured candles, enter a position as soon
as you notice the colour.

-If you notice a candle with no colour, do nothing.
Maintain your position.

-Place your initial stop loss order just below the most
recent swing low or swing high.

-When you are 50 pips in profit, move stop loss to
break even.

-Exit on opposite coloured candle and reverse your position

That's it! Do you see how simple this trading system is?

-Use in ONE HOUR chart.

Here is the indicator

When you have downloaded the indicator, copy it one
of the following directories (depending on your setup):

C:/Program Files/Metatrader 4/Experts/Indicators
or
C:/Program Files/Strategy Builder FX/Experts/Indicators

Once you have placed the files in the relevant directory
depending on your setup), restart the trading software
and look for the indicator under "Custom Indicators".
Drag it to the relevant charts and enjoy better profits
from that point on.

Note :
Moving Average

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Market Time Chart

2009-11-15T18:55:00.001+07:00

As an active traders we should know when to trade and what to trade,
as there are several markets That we have to know and follow, at least
when the markets open and close. And for some of us timing become one
of our constraint in trading baceuse we live in different country where
the markets opens or close.

As a guidance for us I attached here a Market Time Chart.

Happy trading,

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : Moving Averages

2009-11-15T18:53:00.001+07:00

Moving Average

Moving averages are one of the oldest and most popular technical analysis tools. A moving average is the average price of a financial instrument over a given time. When calculating a moving average, you specify the time span to calculate the average price. For example, it could be 25 days.

A "simple" moving average is calculated by adding the instrument prices for the most recent "n" time periods and then dividing by "n". For instance, adding the closing prices of an instrument for most recent 25 days and then dividing by 25. The result is the average price of the instrument over the last 25 days. This calculation is done for each period in the chart.

Note that a moving average cannot be calculated until you have "n" time periods of data. For example, you cannot display a 25-day moving average until the 25th day in a chart.
The moving average represents the consensus of investor’s expectations over the indicated period of time. If the instrument price is above its moving average, it means that investor’s current expectations (i.e., the current price) are higher than their average ones over the last 25 days, and that investors are becoming increasingly bullish on the instrument. Conversely, if today’s price is below its moving average, it shows that current expectations are below the average ones over the last 25 days

The classic interpretation of a moving average is to use it in observing changes in prices. Investors typically buy when the price of an instrument rises above its moving average and sell when the it falls below its moving average.

Advantages

The advantage of moving average system of this type(i.e., buying and selling when prices break through their moving average) is that you will always be on the "right" side of the market: prices cannot rise very much without the price rising above its average price. The disadvantage is that you will always buy and sell some late. If the trend does not last for a significant period of time, typically twice the length of the moving average, you will lose your money
.
Happy Trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Guide To Forex : New Trader Strategy..

2009-11-15T18:52:00.001+07:00

Here I will take a simple system and apply it everyday to the Forex market. By following along, I hope that you'll be able to use this as a guide for following your own trading system each and every day. But before you follow along, here is a little background on the system that I will be trading. Actually this syetem has been widely spread over the internet but I want to tell you that it really works. The first system I used for trading is the following system.

The Main Trend Is Your Friend

The main concept of the theory is to catch small trends during the day while avoiding fakeouts. Simple right? Wrong! It's easier said than done. I will be making my trades off of a 15 minute chart, but I will be using a 4hr. chart to give me my main trend. If my 4hr. chart is trending up, then I will only be looking to go long on the 15 minute chart. On the other hand, if my 4hr. chart is trending down, then I will only be looking to go short on the 15 minute chart. By looking at the main trend first, I will have a better chance for a winning trade by moving along with the current market direction.

4hr. Chart Settings:

• 5 EMA applied to the close
• 10 EMA applied to the close
• Stochastics (10,3,3)
• RSI (9)

After establishing the main trend , it's time to look for trade entries on the 15 minute chart. The 15 minute chart looks similar to the 4hr. chart, except for the fact that I have added a MACD histogram. The trade entry rules are simple:

The 15 Minute Chart

• 5 EMA applied to the close
• 10 EMA applied to the close
• RSI (9)
• Stochastics (10,3,3)
• MACD Histogram (12,26,9)

Long Signal:

• 5 EMA must cross above the 10 EMA (Indicated on chart by a black candle)
• RSI must be greater than 50
• Stochastics must be headed up and not in overbought territory
• MACD histogram must go from negative to positive OR be negative and start
to increase value. (We want to catch trends early so the MACD histogram
must be negative)

Short Signal:

• 5 EMA must cross below the 10 EMA (Indicated on chart by
a purple candle)
• RSI must be less than 50
• Stochastics must be headed down and not in oversold territory
• MACD histogram must go from positive to negative OR be positive
and start to decrease in value. (We want to catch trends early
so the MACD histogram must be positive)

Stop Losses

There is not a hard number that I use for a stop loss. Instead I use either the most recent swing low (for long trades) or the most recent swing high (for short trades) as my stop loss. Using the examples above, this is where I would place my stops:

In these examples, the stop losses were not that wide. However, there will be times when the most recent swing high or low is several pips away from your entry. This is where you must be careful. If the stop is too wide for you to keep within your money management rules, simply stay out of the market! Trust me, there will always be another trade later. Even if that trade happens to win a gazillion pips, you should never compromise or doubt your decision to follow strict money management.

Happy trading

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Forex Training : No reason to lose money in Forex

2009-11-15T18:51:00.007+07:00

There is no reason to loose money in Forex

Most of the writers / traders said that only few traders can make money from trading. Is that true ? How can you loose money while there are so tool which can help you beat the trading !.

If you are still newbie there is still new chance for you to make a lot of money after reading this article. I’ll try to help you as long sa you follow the rule. That’s all. Simple.

Technical Analysisis the biggest aspects that influences the trader’s mind and decision when start trading. Thousands of indicators even strategies and tricks can be easely found in many forex forums but only few make money ? Right. Why do you fail using technical indicators ? The answer is because technical indicators can not beat NEWS or Fundamental Analysis.

It means that fundamental news will destroy all your technical indicator or strategy, this is what so many traders forget when begin trading. They use technical indicators by not knoming fundamental analysis..
Herewith I will try to take a take a look at fundamental / news affects to your trading. So if you feel that you always loose your money , try just to follow this methode.
Every week there are some NEWS that will affect the price that you must know. They are :

1. NON FARM PAYROLL
2. TRADE BALANCE
3. INTEREST RATE STATEMENTS
4. DURABLE GOOD
5. PRODUCER PRICE INDEX
6. PPI excl. FOOD AND ENERGY
7. CONSUMER PRICE INDEX
8. CPI excl. FOOD AND ENERGY
9. TRICHET, BERNANKE, & FUKUI SPEAKS
10.UNEMPLOYMENT RATE

1.NON FARM PAYROLL
Remarks :
# Pip : 100 – 200 pips
# Country : USA
# Currencies : all USD pair

2. TRADE BALANCE
Remarks :
# Pip : 70 – 120 pips
# Country : USA
# Currencies : all USD pair

3. INTEREST RATE STATEMENTS
Remarks :
# Pip : >100 pips
# Country : ALL
# Currencies : all pair

4. DURABLE GOOD
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

5. PRODUCER PRICE INDEX
Remarks :
# Pip : 50 - 60 pips
# Country : ALL
# Currencies : all pair

6.PPI excl. FOOD AND ENERGY
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

7.CONSUMER PRICE INDEX
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

8.CPI excl. FOOD AND ENERGY
Remarks
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

9.TRICHET, BERNANKE, & FUKUI SPEAKS
Remarks
# Pip : 30 - 100 pips
# Country : E-12, USA, & JPN
# Currencies : EURO, USD, & JPY

10.UNEMPLOYMENT RATE
Remarks
# Pip : 30 - 50 pips
# Country : ALL
# Currencies : all pair

All the above news can be seen in this following site, It is clearly explained what news to be reased in the week and we have to bookmark this page to make us easier to look at the News everyday.

http://forexfactory.com/index.php?page=calendar

How can we start trading the news ?

TIPS 1 : NON FARM PAYROLL (NFP)
The Great in Forex Tradding

Check your calendar news this month , you don’t have to take care of what news to be released. Just remember that Every Friday of each month the avove news will be released at 12.30 GMT .

The effect of this news is really big (100 -200 pis) only in a few minutes. So lets try to put the TRAP against the price direction.

Strategy

- Before the news realesed, do not trade, but just
be prepared to trade on Brit / USD.

- 30 minutes before the news, open your
Metatrader ( Your chart station) with 30
minuts chart.
- Look at current price .
- BUY STOP at 30 pips above current price,
(example current price is 1.9050, so you put BUY STOP at 1.9080)

- At the same time SELL STOP at 30 pips below
current price, , (example current price is 1.9050, so you put
SELL STOP at 1.9020)

- Cancel one of them it the price starts touching the
charts.

- Set Take profit 100 pips
- Set trailing stop 15.

Trading on this news once a month will make you profit at least 100 pips without technical analysis. What yoy want to see is the schedule for that news on every month of the firs Friday.

For the other news you can do the same thing, and I am sure that every week you will make good profit whithout technical analysis that usually make traders confused and finally loose the trade.

Happy trading.

It is simple to get started in Forex trading by studying forex beginner guide first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read forex beginner guide first and a demo account before go real.

Forex Training : Pips or Pairs ?

2009-11-15T18:51:00.006+07:00

Iam writing this funny blog just because my beautiful daughter wants to learn how to write blog and get a little money. Anyway I wasted my time because of this blog but I need to encourage her how to start business and not just rely on other people. That's why I even "throw away" all my holy grail ( my holy grail and not yours, don't misunderstand). Rubbish for others might be gold for me if I use correctly. He.....he..he....

Let's get to the above phrase " Pips or Pairs ". Some traders are sticked to one or two pairs in their trading as if no more other profitable pairs outhere. The problem is that how can you trade if your loving pairs can not give you signal or your pairs range only 30-50 pips on a particular day ? Are you going to stay with them or you get other pairs which might be unusual for you but give a good signal. A kot of new traders lose their trading because of just waiting their loving pairs to give signal but when it can not give it they just take and gamble.

Remenber..we want to make pips and not to love the pairs. I don't care about the pairs and I don't need to know them deeply. Iam not a banker. For beginners we can understand that one or two are better choices during their journey to the winning pips. But foe thore who has started to trade in real account, we should avoid it.

Right or wrong, my country...that's true..but BRIT/USD or USD/CAN..I don't care..I need only Big wave and big pips. That's all.

Look at the chart..it's trending and we make profit..That's what we like.

Once you need to trade what I suggest is to look for the trending pairs and not your favourite pairs. Once you find it, use your indicators and finally get the pips.

Happy trading

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Training : ONE Indicator to make pips

2009-11-15T18:51:00.005+07:00

Iam still trading now at 16:GMT May 22.2007. And Iam very happy.
I don't need to tell you why Iam happy...because the screenshot
of my chart will tell you...he...he...he....

Iam sure that most of you will be happy to see that chart if the
trading belongs to you, right ? You don't need to be a genius
to make pips...believe me. Never trust Signal provider !!! They
will rob your money.

Trading is simple....but your mind also should be simple..that's
all. Do not assume that you are writing a thesis for your Master
Program where you should write longer to show that you are an
educated student. Many people think so "the longer the better"
but not me...in trading...the shorter..the better.

You don't trust me.....look at the popular forex forum, there are
so many good and free strategy there..but most of the traders are
still looking for 'holy grail'. Do you think they find it ? No..they
lost their money just like in gambling table.

They never control their mind but just think like a master who needs
longer strategy. They don't like to use the simple strategy because it
can not give them satisfaction. Their mind is complicated.
I think that's all.

Let's get to the point.

Chart : I Hr
Indicator : Download here

Signal

Go LONG if you see BLUE DOT
Go SHORT if you see RED DOT

Exit

Pls get out of trading when you the NEXT DOT.

Note :

When you have downloaded the indicator, copy it to your
directory of Metatrader :

C:/Program Files/Metatrader 4/Experts/Indicators

Once you have placed the files in the relevant directory
depending on your setup), restart the trading software
and look for the indicator under "Custom Indicators".
Drag it to the relevant charts and enjoy better profits
from that indicator.

Happy trading

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.

Forex Training : Rounded Top chart

2009-11-15T18:50:00.004+07:00

The formation of a rounded top on a chart is a good indication that the market will look to test Lower ground soon and thus giving us a Sell signal.

It can also be called a saucer or distribution curve and is seen at the end of an upward trend. It shows the market is running out of steam and cannot achieve new highs.

Volumes will start to reduce as the price reaches it's peak and increase as the price starts to fall.

Happy trading

It is simple to get started in Forex trading by studying at Forex Training first, an funded Forex account and a computer connected to the Internet is more than enough to get you moving. However, to start trading and to earn in the trades are different.
I suggest you to read Forex Training first and get a demo account before go real.
Forex Training will support the new trader to the best trader.