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วันพฤหัสบดีที่ 17 ธันวาคม พ.ศ. 2552

Daily Forex Signals: Consolidation Can Be Used to Your Advantage

Daily Forex Signals: Consolidation Can Be Used to Your Advantage

Consolidation Can Be Used to Your Advantage

If you have traded currencies for very long, you will notice times when price action seems to tighten up. If you drew a line along the falling highs and rising lows, price would look like a coil getting tighter and tighter.

A popular way to measure this consolidation is to look at a bollinger band that has been applied to the chart. If you load a EURCHF chart for 2009 you will see that the weeks leading into mid December was the tightest it has been in ten years. It actuall constricted to an amazing 23 points wide on the daily charts. Today's width of 53 has been hit 9 times in the last 10 years and in four of those years that contained 8 of those touches, the entire year was either consolidative, or reversed a prior years move.

Since this year was certainly consolidative, this points to a serious break out to the bottom continuing last years CHF strength or a reversal of last years CHF strength. Now that the case for the soon to come breakout is established, a look at possible direction is in order. A price channel break of the lower line suggests that further weakness is in store, and currently the PSAR supports that move with a stop around 1.5128

Whether you are looking for price to pull back or break out, finding consolidation area can be very effective when looking for trade opportunities in the Forex market. Use this consolidation to your advantage by trading breaks in the support and resistance of the coil, or top and bottom. Make sure that you also back test this strategy by using software that allows you to do so.

The Best Winning Rates With Forex Trading Robot

The Best Winning Rates With Forex Trading Robot

Profit is the primary goal of every business no matter what field it is. People work hard day and night just to make sure they achieve something that would help them gain more capital and self-confidence. Winning over the obstacles easily is what we always go for because we all like winning and we all like winning over the problems without much of fuss. Well, don't blame yourself that you are lazy, it's a human thing. Probably this is why we invent new technologies and software that help us win the battle without putting efforts. Let's say it is the corporate mantra of twenty-first century that you don't work hard, you work smart.

FAP Turbo forex trading robot is one software that is made for those in working smart rather than working hard.

The robot is state of the art technology that works independently on certain parameters at the same time allows you to enjoy the other sweet moments of life that you would have missed out earlier. This forex trading automated software is very different from other forex robots that are flooding the market these days. The winning rates of FAP Turbo forex robot is very high which is what makes this robot one of the leading forex trading software today in the market.

Forex market researchers and analysts have already tested FAP Turbo and have seen that the robot gives out 95 percent of winning rates on average and more when the robot was tested in live market conditions.

fapturbo s the only automated forex income solution that doubles real monetary deposits in under 30 days. No backtest tricks.

วันจันทร์ที่ 14 ธันวาคม พ.ศ. 2552

Forex Secret Trading: Some Mistakes You Should Avoid

Forex Secret Trading: Some Mistakes You Should Avoid

When it comes to forex secret trading, there are few mistakes that most of the people commit. Get known to such mistakes to avoid them.

It is a fact that forex secret trading is a boon for many but disadvantageous for some. But what is the reason? Why some people are able to benefit from it whereas others not?

The answer to the above question is that the people who know well about forex secret trading are able to get benefited from it whereas others who are not much familiar with this get into severe loss. Some common mistakes that most of the newbie who are not much familiar with this kind of trading are given as under:

* Game of luck: It is the common mistake that most of the beginners do. They think forex trading is just a game of luck and nothing more which is a totally wrong thinking. It is noteworthy that forex trading is one such trading that requires smartness and knowledge of other useful things. Thus, by acting smartly and by perfect knowledge, anyone can get success in this trade.

* No prior knowledge required: It is yet another important mistake that most of the ignorant people in this trade do. They think it is not at all necessary to have any prior knowledge of forex trading before joining it. However, it is a wrong thinking! It is highly recommended by experts to first have knowledge of past trends of market before going for it.

* No need for any good trading software: Generally, most of the beginners think that there is not at all any requirement of trading software to do well in forex trading. People who understand this trading cannot nullify the utility of good forex trading software. Thus, for ensuring success in this trading, it is important to go for a good trading software.

The above mentioned are three common mistakes that most of the people do. You should avoid these mistakes to get the best out of forex secret trading.

วันพุธที่ 9 ธันวาคม พ.ศ. 2552

Why Should Use The Automated Forex Trading System?

Why Should Use The Automated Forex Trading System?

Forex market has grown very powerful and popular in recent years. This is due to the introduction of automated forex trading systems. Markets formerly only open to banks and financial institutions have been open market to small traders.
Forex market is a place of currency one country is traded for currency of another country. Trade this happens every time the transaction reach trillion dollars every day make this a most active financial market in the world.

Progress of Internet technology , communication technology and automated forex trading system, participation in the forex market is open to anyone who has a computer, internet connection, a forex brokers account and trading platforms.

But living in the forex position requires constant monitoring, as this global market is open practically all the time. Automated forex trading system is a tool that allows you to specify a currency, a price that is offered, and selling price first. With the small number of seeds and with the help of a broker, buy and sell will execute directly.

When you trade forex, it requires monitoring at all times due to the global market open at all times. Automated forex trading system is a tool that allows you to specify a currency that is traded, the price offered and the price before. With a small amount of investment and help by your broker, you can buy and sell directly and quickly.

This automatic system allows you to benefit from the profits forex market without having to become an expert person in forex market. In this system, forex software and human expert help to execute your trade.

With a reliable trading system, it does not require you to do own forex trading and this will save you time. When you can consistently observe the market you can manage multiple accounts in your trading platform at a one time. This cannot be done and impossible in manual trading.

Automated forex trading systems give you you trade in multiple markets and multiple systems.It allows you to trade at any time not matter day or night without your presence. You will not be missed a profit even if you not sit in front of your computer.

Automated forex trading help you take advantage of multiple forex strategies and different systems. Because the system was created for different driven in a different trade indicators, you can diversify your investments and risk.

Automated forex trading also helps eliminate human emotions and psychology that can often affect a profitable trading result. With this system you can also monitor many currency pairs at a one time and you can follow and implement it.

One thing you need to know, with automated forex trading system you also need to learn basic methods such as forex fundamental analysis, technical analysis, market indicators and others to obtain sustainable profit. Is difficult to learn this forex basic ? No! Most people even though there is no basis in the forex can learn quickly and easily.

My Journey To Forex Trading - Creat Your Own Ression Proof Business With Forex

My Journey To Forex Trading - Creat Your Own Ression Proof Business With Forex

Have you been searching for a recession proof business? The business I have found is in trading the “foreign exchange market” or Forex. With the type of simple "anyone can learn" trading system taught by Sid Wyemann's Forex Training Works, I now have a safe recession proof business.

After 35 years of working in the construction field, I had climbed the ladder and became the project manager of a booming housing project. I thought it would never end, but as you know almost overnight the economy tanked and the construction bubble burst. I had found what I thought would be the job I would retire from. Now all I could do was watch, as the company I worked for slowly went out of business.

After a futile year of searching for another job in construction had gone by, I realized there was no market for my experience. Quite a helpless feeling and one you might also share.

I decided that it was time to start looking for a new source of income that would never again put me at the mercy of the economy. At about this time I spoke to a friend who told me he was taking a course in learning how to trade in the Forex market.

He had tried other Forex training courses in the past, but with little success. So when he told me about his latest venture I decided to wait and see how he did.

Another year passed for me with no change on the job market. So, I contacted my friend and he told me that after years of trying he was finally successfully trading the Forex market. He told me that as long as you followed the simple instructions laid out in the course, it would work for anyone.

That's when I decided it was time to check out what Sid Wyemann's Forex Training Works was all about.


As I scanned the home page I was immediately impressed with the no nonsense straightforward attitude exhibited there.

I also had the advantage of a ringing endorsement from my friend who had completed the course.

So I decided to take the plunge and signed up for the four week tutorial.

Before I took the Forex Training Works course I had absolutely zero knowledge of the Forex market.

Did you know that over 1.5 trillion dollars is traded in the Forex market daily? Well, you should also know that there are a ton of Forex trading courses out there that promise you a fortune and deliver nothing.

I can tell you right now it was the best investment I've ever made. Thankfully, I didn't have to go through all the failed training programs my friend had paid top dollar for.

Because Sid teaches a simple style of trading, you do not need to know anything about the Forex market. You do not need to read about trends, learn forex jargon or have been the smartest in your class.

The fact is, knowing very little or nothing about Forex will actually give you an advantage with the trading you will learn. You are also given a safe money management strategy that builds your Forex business every day.

The other important plus that sets this course apart from all the others is the incredible support you receive. The Forex Training Works course doesn't end after the four week tutorial, it actually begins.

For example:

* The course is constantly being updated and refined.

* There is a daily blog with feedback pertaining to yesterday's trades.

* Every Sunday Sid leads a chat room meeting and all Forex Training Works members are encouraged to interact.

* You also have one on one contact with Sid by email and over the phone.


Sid is incredibly passionate about every student becoming a successful trader and because of this, his success rate is second to none. How do I know? Every day, ongoing students and live traders send in their results on the blog for all to see.

I have recently become a live trader and expect to be for the rest of my life. I have found the business I was looking for and know I will never again have a job security issue. This is not a get rich scheme. You are actually building a long term business. A business that you can run at home spending 2 hours a day in front of your computer.

วันจันทร์ที่ 7 ธันวาคม พ.ศ. 2552

Profitable forex strategies with consecutive losses

Profitable forex strategies with consecutive losses

If you are familiar with forex trading you most probably noticed that some strategies have consecutive wins and consecutive losses. That often happens when market conditions changes. E.g. Strategy has many wins in a row when volatility or other factors are beneficial to the strategy and at some point in time it starts to loose. Losses often come in a row as a result of changed market conditions in some period of time.
There are several ways to cope with this problem. The first thing that comes in mind that you should find some indication of changed market conditions and do not trade at this time. However this is easier to say than to do. This leads to the other solution. If strategy has consecutive wins and consecutive losses you can make it more profitable even without knowing the reason why it starts to fail. Money management helps here. More specifically - decrease factor.

What is decrease factor in money management and how it can help you in forex? Decrease factor will decrease your position size after defined number of consecutive losses. E.g. let's say your usual position size is 1 lot and you decrease this size to 0,2 lot after one loss or several consecutive losses. This will minimize drawdown during bad streak. You will go back to normal order sizing after the first win.

In order to understand better how decrease factor helps we can take example when 5 consecutive losses happen and make some calculations. Let's say that your usual position size is 1 lot and you are risking $300 on one position. The total loss in bad streak would be:

Without decrease factor: 1+1+1+1+1 = 5 lots (5 * $300 = $1500 loss);

Decrease to 0,2 after 2 losses: 1+1+0,2+0,2+0,2 = 2,6 (2,6 * $300 = $780 loss);

Decrease to 0,1 after 1 loss: 1+0,1+0,1+0,1+0,1 = 1,4 (1,4 * $300 = $420 loss).

From this example you can see how losses are decreased. Sometimes it can even help to turn unprofitable strategy into profitable one.

Of course it can affect the profit as well so you should find the right combination which works for the strategy. When to decrease and how much to decrease you can find out by testing the strategy.

This will not help strategies with evenly distributed wins and losses, but usually these wins and losses are not evenly distributed during time, so decrease factor can help in those cases.

If you are interested in using decrease factor in expert advisors, you can find a tool with this feature here. You can add decrease factor to any EA created with this online tool.

Forex Trading - Learn With Demo Accounts and Free Sign Up Bonuses

Forex Trading - Learn With Demo Accounts and Free Sign Up Bonuses

Forex is the short form for foreign exchange a platform market which allows banks, financial institutions, governments, brokers, agents and even the common man to buy and sell currencies. You have this global provider that presents online services to customers all over the world. Professional and non professional people trade currencies with advanced tools that have been proven successful by market researchers and financial experts.

The Forex market is gaining popularity with individual currency speculators making a large impact by earning large amounts of profit by trading on the Forex platform. Everybody knows that the Forex trading market is acknowledged as the world's principal liquid financial market, where trillions of dollars' worth of currencies is being traded on a daily basis.

Today even a small time investor can open an account and perform dealings by themselves and not like the past where one needed to register with a broker who would trade on their behalf. With the popularity of the internet many Forex trading sites are appearing making it easy to play in the Forex trading market. These modern methods are user friendly and can be easily carried out from the comfort of ones home. To make life much more comfortable and enjoyable most of these Forex trading sites permit one to open, train on and use demo sites.

A demo account is similar to a live Forex trading account except that in the demo account there is no real money involved. This demo account is beneficial to beginners as they are able to get a feel of the actual market trends like the behavior of different currency pairs and how they would react to some unforeseen dilemmas. These demo accounts allows users to take chances and be courageous without having to loose a bundle in the process. The beauty with these accounts is that individuals will be educated on when it is the right time to close a trade and walk away with their profits before the market changes or cut their losses fast when they are against them.

Practice makes a person perfect, well that is the name of the game with demo accounts, and one will get through experience using these demo accounts. A very useful tip when training on a demo account is to learn the method of placing "Stops". This is a basic instruction that one has to input when they intend to close their trade in the market. "Take profit stop" will automatically stop your account when trading is on one's favor and "Stop loss" when the market is against you. This process is very vital as it can control and safeguard the amount of cash that one is willing to risk.

When entering the live Forex trading market one should sign up with a safe and reliable online money payment company that are normally know as e-wallets to fund the activities of the Forex market. Most Forex sites will match the deposit that has been placed.

Online Forex Broker Register

Online Forex Broker Register

Online Forex broker list includes investment banks with dealing rooms, commercial banks with treasury operations, and online brokerages that serve a larger market. The investment banks with forex trading capabilities include Morgan Stanley, Merrill Lynch, Goldman Sachs, Salomon Smith Barney, Lehman Brothers, Credit Suisse First Boston, Deutsche Bank, JP Morgan, Prudential Securities and Bear Sterns.
Some of the brokerage services are not directly accessible for all customers. For example, inter-bank market dealers and treasury operations in commercial banks handle large customer orders themselves.

The top commercial banks in the Forex Broker List, having inter-bank and treasury operations, are JP Morgan Chase Bank, Bank of America, CitiBank, Wachovia Bank, Wells Fargo Bank, Fleet Bank, US Bank, HSBC Bank, Sun Trust Bank, Bank of New York, State Street, Chase Manhattan Bank, Key Bank, Branch Bank, PNC Bank, Lasalle Bank, South Trust Bank, MBNA America Bank, Fifth Third Bank.

The online forex broker list of smaller forex accounts sees new entrants almost on a daily basis.

The online forex broker list includes Forex Capital Markets, MG Financial Group, CMS Forex, Global Forex Trading, GCI Forex Direct, Forex.com, GAIN Capital, Real time Forex SA (Geneva), Global Forex, Commerce Bank and Trust, FX Solutions, Forex MHV, swissDirekt (Swiss), Goetz Financial Forex, NY Broker Borsentermin AG, Act Forex, Online Trader, Shield FX Online Currency Trading, Forex Trade Signals, CMC Group PLC, Foreign Currency Direct Limited (UK), FX Advantage, FXCM, Forex Millenium, ACM REFCO, REFCO Spot, Easy Forex, Online Forex Trading Inc., Lincoln Corporation, Global Trade Waves, Ltd., and CIBC FX Web Dealing.
Source : Finance Articles

วันศุกร์ที่ 4 ธันวาคม พ.ศ. 2552

FAP Turbo - An Autopilot System on Steroids?

FAP Turbo - An Autopilot System on Steroids?

Every day new forex currency trading software are being released into the market, and FAP Turbo is no different.
And it appears that FAP Turbo is the buzz, and considered one of the best on the market. This forex software is a trading program that will monitor the Forex Market, and can automatically make trades for you.

This allows you the freedom to do other tasks whilst continuing trading on the currency market without even being at your computer.

Although, it is similar to other Forex Robots on the market, the difference is - It uses both a long term and short term strategy. As well, the program uses an extremely low draw-down percentage. This limits any potential loss, and at the same time, increases your bottom line.

And unlike other forex software, FAP Turbo trades in 4 currency pairs! This is great advantage to have in any trading plan.

So are there any disadvantages to this autopilot system?

Firstly, it is not a perfect system. Nothing is, and you should not buy this program thinking you will make quick money and get every trade right! So make sure you monitor the program, and have some control over the decision process.

Secondly, you will have to leave your PC on in order to use the software. Hence, your carbon foot-print may increase. However, this software can be hosted on the FAP Turbo creators server.

Aside from these issues, if you are one who panics easily, then a software like FAP Turbo may suit you. It will eliminate the human emotions such as greed and fear, and make that decision for maximum return. Additionally the software can enter and exit trades in ways that people can't possibly do.

So Does It Work?

As mentioned earlier, FAP Turbo is not perfect - it will not get every trade right, and this program will not suit everyone.

Before you buy into any forex software... do yourself a favor, and learn about the forex market - get into a few trades for experience. And when you're ready, give it a go.

Personally I like to have a bit more control over the decision making. Hence, I do keep an eye on FAP Turbo. By all means, use it as a personal assistant to your trading strategy, and do not go on a 3 month holiday, and leave it running.

Auto Forex Trading For Big Profits

Auto Forex Trading For Big Profits

Today many people have taken up the venture of investing in the foreign exchange market in order to make some extra cash. The word is around that people are making big bucks while trading on the Forex trading platform which by the way has opened up to the common man to trade in currencies. So for this reason many new people are having a go at investing small time on the Forex market.

With the introduction of the internet many dealers who trade in the Forex market are switching from the old manual system to the new auto Forex trading method. This highly intelligent system requires one to install a software program on their computer which is connected to their Forex account where it automatically buys and sells currencies in the Forex market for the user. The installation is easy and the program is user friendly with the Forex robot doing most of the work in bring home the profits.

As these Forex robots have been around for sometime, their programmers are getting healthier in their field having clearer knowledge of the market situation and its processes to be successful. They are designing newer features that would assist any investor in the Forex market to make a killing. For this reason people are able to access the various Forex robots with high technology features that are capable of bring them large profits in the Forex trading market today.

When one purchases an automated Forex trading robot to assist them to make some extra cash, they are freeing themselves from tension, worries and can save a lot of time being in front of the computer. Individuals will find it easier to have the software program take care of all their dealings while they are engaged with other concerning matters. By installing the Forex trading robot one can be assured of consistent profit gains even though they are not too involved in the decision making.

The million dollar question that has been asked by most Forex traders is "Which auto Forex trading Software is the best?" Well the answer to that is that one can really not tell which is the best, simple because with the improvement in technology you will find newer programs coming out of the wood works daily. Programmers are racking their brains to try and come out with most modernized features to make the life of Forex traders more comfortable and profitable.

The best way that one can keep track of the latest Forex trading systems is to constantly check out the various articles that are referred to auto Forex trading on the internet. There are many sites that are specifically dedicated to auto Forex robots, where writers and programmers bring out what ever is latest in the auto Forex market.

So it is always advisable to keep a close eye on the market, the internet and take decent pointers from friend and relatives. Have pleasant time making money at Forex trading.

Beginner's Education in Forex Trading

Beginner's Education in Forex Trading

The Forex trading market is a place wherein currencies are being traded of various countries around the world. It is natural that newcomers to the Forex market find it a bit scary and difficult to understand it at first, but frankly speaking there is enough of resources available on the internet for one to easily grasp the process. The core understanding in Forex trading is to buy currencies at a low price and sell them again when they reach a high rate which results in profit making.

An important part of the trading process is to understand what the market is all about? It is well known that this market involves the exchange of currencies where it is recognized as the world's largest liquid financial souk, where trillions of dollars' worth of currencies is being traded daily. The Forex trading market has many players that make a living and a killing out of it by buying and selling currencies. There are also times when these traders have lost due to uncertain circumstances.

Beginners should be aware that there are certain risks that are involved in Forex trading, which are associated with the market's extreme volatility where prices tend to alter without prior notice. One would notice that traders make their money when the prices shoot up suddenly and then at times loose part of their investments when the prices happen to drop. So as a beginner one should be able to accept these conditions and have the sense to recuperate from losses.

All beginners before putting their feet in the Forex trading market should have prior knowledge about the nature and the basic methods of trading. This can be easily achieved by reading manuals, books and by collecting vital information about the pro's and con's of the Forex trading market. In order to be an expert dealer in the currency market this information plays a vital role in the road to success.

Your next step as a beginner would be to get a broker who will assist you in trading by executing certain procedures on your behalf and at the same time offer you potential pointers that may be fruitful. Today there are many automated programs that assist individuals in the Forex trading market, which are known as Forex robots. These robots are computer programs that have been created to basically help beginners to understand, train, execute and get themselves familiar with the Forex trading market. Most of these programs have a dummy feature which enables beginners to test their trading strategies in a live atmosphere fully safe with no real money being placed down.

Last but the least the most sensible advice that can be given to any beginner, is to control their emotions and not let it get in the way of their trading. Forex traders are required to be alert and to realize when they have to cut their losses so that they can preserve equity in order to bring in the profits.

วันอังคารที่ 1 ธันวาคม พ.ศ. 2552

6 Reasons To Engage In A Good Forex Trading

6 Reasons To Engage In A Good Forex Trading

The foreign exchange market can be a good place to make profits. But of course, like many moneymaking ventures, there are also risks involved in trading currencies and participating in this risky business venture.
Engaging into a foreign exchange as a profitable venture is said to be 'not for everyone'. Probably because the foreign exchange market can gain you good profits but can also make you lose everything in one snap - that is if you are not prepared and you are not equipped with the skills and knowledge to engage into this venture. However, if you have what it takes to get into a good forex trading venture, then there are lots of reasons why it is a good venture.

Here are just six of them.

1. Forex trading allows you to make profits at the comforts of your own home. The currency exchange market is among the largest markets in the world but despite that, you don't have to go out to a physical market. You can earn right there in front of your PC. With the convenience of the internet, you can trade and make transactions through it and through your phone lines.

2. The foreign exchange market operates round the clock and 24 hours a day and from Asia to the United States. Unlike any other trading markets where you wait for it to open, you can do transactions any time of the day as well. Because the market is always open, you can also respond to the market trend faster than other trading markets.

3. You can do business anywhere in the world, for as long as you have internet access. Not only can you do business at home but you can also bring it with you anywhere you go. You can travel around the world and still not miss anything on your investments.

4. Foreign exchange does not have middlemen who take a part of your profit or your investment. This way, you can trade and transact directly. Engaging into foreign exchange does not also involve commissions and exchange fees that are usually among the little losses of cash that you have to consider in other moneymaking ventures. The transactions costs involved in forex trading is also low.

5. Whether the market is rising or falling, you can still make money in the forex market. You just have to choose what currency to buy and sell. Indeed, you just have to make a good forex trading strategy.

6. Foreign exchange trading does not require big investment too. You can actually start with a few hundreds of dollars and you can already trade and make profit. Of course, you need to make your strategy in making that investment grow. Another thing that makes a good forex trading investment is that, it also allows high leverage which allows up to two hundred times your the investment you put in.

Truly, the forex market can be profitable. If you are a risk-taker and business minded person and you think you can be good fit in the foreign exchange market, then you do have a great chance to make good profits in it.

How To Make The Best Out Of Forex Secret Trading?

How To Make The Best Out Of Forex Secret Trading?

There are many people who want to know how to make the best out of forex secret trading. If you are also the one among them, then here is some crucial information for you.

Many people, in spite of following the advice of expert, fail to get the desired results in forex secret trading. But what is the reason behind this? Why they fail to get the desired results even after following each and every advice perfectly?

The above mentioned are a few questions that troubled most of the people. If you want to know the real secret by which thousands of other people are really making money through this trade, then here is some crucial information for you.

The people who are doing well in this trade are those people who understand the basics of forex trading. They know how important it is to gather updated information of the currency trends in this trade and other such small but really crucial things. So, if you also want to make the best out of forex trading, then it is very important to take care of all such things.

In addition, you need to start from the beginning i.e. you first need to open the trading account with a genuine trading system. Here, it is important to choose the online trading system wisely as otherwise you will get problems afterwards. Thereafter, you need to learn the working of the system.

It is noteworthy that under a genuine trading system, the person trades with a 4 hour chart as against to small time frames. This ensures better understanding of the trends that are followed by the trading portfolios and as a result, the person finds it easy to take correct decision.

So by keeping this crucial information in mind, it is sure you will also find it easier to make good profit through Forex secret trading. So, go through this information and see by your own how you can make the best out of forex trading like others.

Free Online Forex Trading Information