Forex Trend Following - How to Catch and Hold the Big Trends For Huge Profits
by kelly Price
The really big profits come from catching and holding the big long term currency trends which can last for weeks, months or years and this article is all about turning these trends into triple digit profits...
If you look at any forex chart, you will see long term trends and here is a simple forex trading strategy for turning them into profits.
Learn How to Use Breakouts
The first point is most new trends and continuations, start from new market highs.
If you want to make money then you need to buy breakouts.
Most traders make the mistake of waiting for prices to pullback to get in at a better "price" but the move doesn't in most instances it continues, so you must learn to buy breakouts - if you want to get on the side of the big trends.
Valid Breakouts
Not all breakouts have the same odds of success and you need to be selective in your choice to catch the best ones.
Generally, a breakout is valid if the breakout point, has been tested several times (the more times the better) and if this has occurred in different time frames which are spaced wide apart, that adds to the validity of the resistance.
You are generally looking levels the market participants consider important and when the level breaks look to go with the breakout. You don't just buy though, you need to check momentum.
Confirmation
Momentum indicators are discussed in our other articles but they simply allow you to gauge the strength of momentum and if its rising then chances are the breakout is valid and will continue. You only need one or two to confirm and our favourites are the RSI and stochastic. There visual indicators and easy to learn and apply.
Applying the Stop
Applying the stop is easy it's under the breakout as the previous resistance broken will now act as support.
The Key to Making Triple Digit Gains!
Is how you trail your stop remember if you have had a valid breakout chances are it will last a long time weeks or months and you need to stay in the trend. Most traders get so excited when they have a profit; they want to lock it in and protect it and move their stop up to quickly. They then get knocked out of the trade by random volatility, get a marginal profit next, then they see the trend sail on over the horizon, piling up thousands of dollars in profit and their not in!
Keep your stop back and trail it slowly.
You need to give the market room to breathe and accept drawdown in the short term and keep your eyes on the bigger long term prize, when you bank.
A good way to do this is by using key moving averages.
Generally dips to the 20 day are areas you can load up more trades in the direction of the trend and the 40 day MA, is a good area to have your stop in line with nearby trend line support as its outside of random volatility and will keep you in the trend.
Sure you give a bit back at the end but if you got 50% of every major trend you would be very rich.
A Simple, Time Efficient Way to make Triple Digit Profits
The above is a simple way to make money from long term trends and I know traders who make 100% annual gains doing the above. Another advantage of this type of trading is it takes less than 30 minutes a day. You also don't have to worry about watching prices all the time and you don't have to trade often.
Long term trend following can be very profitable if you follow the above tips and there easy to do.
วันจันทร์ที่ 11 สิงหาคม พ.ศ. 2551
Forex Autopilot Revolutionizes Automated Forex Trading For Beginners
Forex Autopilot Revolutionizes Automated Forex Trading For Beginners
by Herman Lawrence
For those seeking hands-free income, there is a way to trade forex as a professional trader even without having any background or experience in trading Forex at all. Marcus Leary, a highly ranked industry-insider and mathematician has revealed his secret automated trading system that helps those wanting to start making profits in the world of Forex trading who are not keen on learning complex technical analysis.
Forex Auto Pilot is a proven, automatic way to trade the forex market using a software robot. The system automatically executes trades to make profit and also protects traders' money.
Novices in the forex market are able to set the system up and learn how to use it within minutes. Simple and easy to install and run, Forext Autopilot requires no hands-on human intervention once it is set up. This helps traders get more time to themselves, and eliminate many hours spent in front of computers. It can work in any country, at any time.
Marcus Leary, the creator of Forex Autopilot does not make any outrageous claims about his system which cannot be substantiated. Backtesting reports which verify his claim of 96% successful trades can be viewed, as well as a live forex trading account using Forex Autopilot.
The system is gaining reputation among forex traders. There are now 55,000 users worldwide who have downloaded Forex Autopilot. The system is also considered as the very best way to enter the world of forex trading for novices, and is ranked among the best home-based business opportunities in the market. Visit Forex Auto Pilot now to know more about the system that can automatically make profits in the forex market. Forex Auto Pilot
by Herman Lawrence
For those seeking hands-free income, there is a way to trade forex as a professional trader even without having any background or experience in trading Forex at all. Marcus Leary, a highly ranked industry-insider and mathematician has revealed his secret automated trading system that helps those wanting to start making profits in the world of Forex trading who are not keen on learning complex technical analysis.
Forex Auto Pilot is a proven, automatic way to trade the forex market using a software robot. The system automatically executes trades to make profit and also protects traders' money.
Novices in the forex market are able to set the system up and learn how to use it within minutes. Simple and easy to install and run, Forext Autopilot requires no hands-on human intervention once it is set up. This helps traders get more time to themselves, and eliminate many hours spent in front of computers. It can work in any country, at any time.
Marcus Leary, the creator of Forex Autopilot does not make any outrageous claims about his system which cannot be substantiated. Backtesting reports which verify his claim of 96% successful trades can be viewed, as well as a live forex trading account using Forex Autopilot.
The system is gaining reputation among forex traders. There are now 55,000 users worldwide who have downloaded Forex Autopilot. The system is also considered as the very best way to enter the world of forex trading for novices, and is ranked among the best home-based business opportunities in the market. Visit Forex Auto Pilot now to know more about the system that can automatically make profits in the forex market. Forex Auto Pilot
วันเสาร์ที่ 2 สิงหาคม พ.ศ. 2551
Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity
Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity
by Samuel Lesley Berkovits
Forex robots are the preferred option of many forex traders but most are simply a way to lose money and the clue why is in the title of this article - the track records presented are always simulated in hindsight - which means there made up in simple terms...
Would you take driving lessons from someone who hadn't passed there test?
Of course not, so why would anyone trade a forex robot that had never been traded and proven in real time? Well lots of traders do and they either don't see the disclaimer, or are naïve, greedy or both.
An Unfair Contest
The forex robots you see always have aggressive names that indicate they take on and beat the market - but it's a bit like a heavyweight boxer V a lightweight and the market is the heavy weight!
There aggressive names and fancy packaging and hype are no match for the brutal reality of price change in the real world of trading.
Curve Fitting is Doomed to Failure
The real problem is that they back test the rules and keep bending and optimizing them until they show a profit on the segment of data analysed but this is doomed to failure. Why?
Because the exact sequence of data never repeats exactly and you cannot change the rules in real time!
Markets are an Odds Game
This is known as curve fitting and it will never work on a market which is not orderly. The markets are an odds game not a game of certainties and you can never curve fit and win.
How to Win
If you want to win at forex trading you can by getting the right forex education and a simple robust forex trading system which you can apply with discipline and remember - it only needs to be simple, complicate a trading system to much and it will have to many elements to break.
So leave the forex robots to the greedy losing investors and make some effort, work smart and you can enjoy currency trading success.
by Samuel Lesley Berkovits
Forex robots are the preferred option of many forex traders but most are simply a way to lose money and the clue why is in the title of this article - the track records presented are always simulated in hindsight - which means there made up in simple terms...
Would you take driving lessons from someone who hadn't passed there test?
Of course not, so why would anyone trade a forex robot that had never been traded and proven in real time? Well lots of traders do and they either don't see the disclaimer, or are naïve, greedy or both.
An Unfair Contest
The forex robots you see always have aggressive names that indicate they take on and beat the market - but it's a bit like a heavyweight boxer V a lightweight and the market is the heavy weight!
There aggressive names and fancy packaging and hype are no match for the brutal reality of price change in the real world of trading.
Curve Fitting is Doomed to Failure
The real problem is that they back test the rules and keep bending and optimizing them until they show a profit on the segment of data analysed but this is doomed to failure. Why?
Because the exact sequence of data never repeats exactly and you cannot change the rules in real time!
Markets are an Odds Game
This is known as curve fitting and it will never work on a market which is not orderly. The markets are an odds game not a game of certainties and you can never curve fit and win.
How to Win
If you want to win at forex trading you can by getting the right forex education and a simple robust forex trading system which you can apply with discipline and remember - it only needs to be simple, complicate a trading system to much and it will have to many elements to break.
So leave the forex robots to the greedy losing investors and make some effort, work smart and you can enjoy currency trading success.
Forex Trading - This Proven Method Gives You a 90% Chance of Success
Forex Trading - This Proven Method Gives You a 90% Chance of Success!
by kelly Price
The method is selling option premium on currencies. Option buyers have a 10% success rate, so the option seller who grants the option has a 90% success rate. Many forex traders never consider selling options and this article is all about selling option premium...
So if you can have a 90% chance of success selling forex options, why don't more traders do it?
The answer is - most traders prefer the idea of buying an option with unlimited gains and limited risk, and a low chance of success, to being on the other side of the option which offers a capped small gain and unlimited risk, with high odds of success.
If you want to be an option seller you have great odds - but you must be mindful of the risk and the way to control it is as follows.
- Sell option premium on high volatility up or down against the prevailing trend
- Spread your risk across several positions
- Use time decay to your advantage and sell near expiry when time is decay is killing value
Selling option premium is not for traders who are not confident, have a small account or don't like risk - it's a game for people who know what their doing. An option may have 90% odds of expiring worthless - but that's at expiry and prices can of course move "in the money" for the buyer in that period, or move against you.
If however, you don't mind trading tops and bottoms and can calculate over bought and oversold scenarios, you are confident in, it's one of the best ways to make money long term. Sure, you have a capped small gain but these mount up over time and can build serious wealth long term.
There are not many opportunities to trade with 90% odds of success - but that's what selling option premium gives you and for traders who are confident in their marketing timing, the rewards long term are huge.
by kelly Price
The method is selling option premium on currencies. Option buyers have a 10% success rate, so the option seller who grants the option has a 90% success rate. Many forex traders never consider selling options and this article is all about selling option premium...
So if you can have a 90% chance of success selling forex options, why don't more traders do it?
The answer is - most traders prefer the idea of buying an option with unlimited gains and limited risk, and a low chance of success, to being on the other side of the option which offers a capped small gain and unlimited risk, with high odds of success.
If you want to be an option seller you have great odds - but you must be mindful of the risk and the way to control it is as follows.
- Sell option premium on high volatility up or down against the prevailing trend
- Spread your risk across several positions
- Use time decay to your advantage and sell near expiry when time is decay is killing value
Selling option premium is not for traders who are not confident, have a small account or don't like risk - it's a game for people who know what their doing. An option may have 90% odds of expiring worthless - but that's at expiry and prices can of course move "in the money" for the buyer in that period, or move against you.
If however, you don't mind trading tops and bottoms and can calculate over bought and oversold scenarios, you are confident in, it's one of the best ways to make money long term. Sure, you have a capped small gain but these mount up over time and can build serious wealth long term.
There are not many opportunities to trade with 90% odds of success - but that's what selling option premium gives you and for traders who are confident in their marketing timing, the rewards long term are huge.
How To Trade Forex Risk Free With A Forex Autopilot System
How To Trade Forex Risk Free With A Forex Autopilot System
by Demond Jackson
The Forex autopilot system is a program created and designed to help novice traders generate more turnovers as they get in the circle of trade. This has been developed by professional traders with the aim of going by an unpredictable and changeable market. The system was formulated 8 years ago and this has proven positive remarks from traders who have been satisfied with how the autopilot system gave them favorable figures in their trade.
This program is basically run on your computer with the aid of a Meta trading platform. The Meta trade is recognized for its excellent and exceptional platform use in the world market. The software is operated by a forex robot trading device without necessitating incessant monitoring 24/7. With little time invested on each trade and the forex robot doing the job for you, the tendencies of earning more than usual is what the autopilot system is about. Gone were the days of rational and algorithmic patterns as trading becomes easier with a forex autopilot system.
With all the controversies proliferating in the usage of this system, a knowledgeable identification of what is hoax from what is not is crucial. Certainly if a program promises profits without having to endure greater complexities then there must be a catch in its affirmation. However, the forex autopilot program differs from other forex system as it provides you an updated happening in the world market and be able to rise through odds and forex difficulties thus, turning all the advantage on your part.
This system allows the proper monitoring of probable loss and find solutions for a possible threat. Instinctively, this program allows a trader to generate more profits as the trade and the market continues its dealings. Online presence is not a requirement as the autopilot does all the trading functions to provide you with necessary assessment and calculations to gain more takings.
This software is dedicated for all levels of expertise as the autopilot system can be managed both by beginners and professional traders. Support groups and assistance are also provided in giving pointers and general guidelines regarding the entire process and the software in general. As you try to manipulate the dealings and work towards a successful formula, the autopilot will provide you with the information when to start dealing and when to exit the trade.
As bigwigs' trade in multiple currencies from one market to another, the concept of forex autopilot program removed the maneuvering of currencies in various markets as the software organized it in one specific spot. This is done through a list of forex trade in dependable software making it a lot easier for traders to get a panoramic view of the happenings in the forex circle.
Flexibility, adaptability and versatility best described the forex autopilot system as it weather diverse currencies in totally different zones and changeable market. Trading models are also employed in the dealings aiding in the continuous assessment of future possibilities entirely based on the actual dealing occurring at a present time.
by Demond Jackson
The Forex autopilot system is a program created and designed to help novice traders generate more turnovers as they get in the circle of trade. This has been developed by professional traders with the aim of going by an unpredictable and changeable market. The system was formulated 8 years ago and this has proven positive remarks from traders who have been satisfied with how the autopilot system gave them favorable figures in their trade.
This program is basically run on your computer with the aid of a Meta trading platform. The Meta trade is recognized for its excellent and exceptional platform use in the world market. The software is operated by a forex robot trading device without necessitating incessant monitoring 24/7. With little time invested on each trade and the forex robot doing the job for you, the tendencies of earning more than usual is what the autopilot system is about. Gone were the days of rational and algorithmic patterns as trading becomes easier with a forex autopilot system.
With all the controversies proliferating in the usage of this system, a knowledgeable identification of what is hoax from what is not is crucial. Certainly if a program promises profits without having to endure greater complexities then there must be a catch in its affirmation. However, the forex autopilot program differs from other forex system as it provides you an updated happening in the world market and be able to rise through odds and forex difficulties thus, turning all the advantage on your part.
This system allows the proper monitoring of probable loss and find solutions for a possible threat. Instinctively, this program allows a trader to generate more profits as the trade and the market continues its dealings. Online presence is not a requirement as the autopilot does all the trading functions to provide you with necessary assessment and calculations to gain more takings.
This software is dedicated for all levels of expertise as the autopilot system can be managed both by beginners and professional traders. Support groups and assistance are also provided in giving pointers and general guidelines regarding the entire process and the software in general. As you try to manipulate the dealings and work towards a successful formula, the autopilot will provide you with the information when to start dealing and when to exit the trade.
As bigwigs' trade in multiple currencies from one market to another, the concept of forex autopilot program removed the maneuvering of currencies in various markets as the software organized it in one specific spot. This is done through a list of forex trade in dependable software making it a lot easier for traders to get a panoramic view of the happenings in the forex circle.
Flexibility, adaptability and versatility best described the forex autopilot system as it weather diverse currencies in totally different zones and changeable market. Trading models are also employed in the dealings aiding in the continuous assessment of future possibilities entirely based on the actual dealing occurring at a present time.
Forex Autopilot System Review - Currency Trading
Forex Autopilot System Review - Currency Trading
by Don Dang
My Experience With Forex Autopilot
If you plan on using forex autopilot I recommend you have BASIC knowledge of how the forex market works because you will need to configure settings such as stop loss, take profit, trailing stop, etc. The forex autopilot system has been profitable for me on my mini account of $500. It was the first account I have ever opened, and the very next morning the robot made me $78. Forex Autopilot has a 92% winning trade rate.
What is the Forex Autopilot System?
The Forex Autopilot System is a software that trades the forex market for you! Simply download and install the program, configure it to your settings, and that is it! Money on autopilot!
How Does it Work?
The trades at low risk areas in the market. You can configure it to trade in high or low risk situations by configuring the S/L and T/P. Of course your trading activities will still involve some form of risks, but you can expect realistic results of 5-10% returns with this system each and every month!
How to install it?
Once you download it there is a FAQ and step by step guide on how to install it. Also there is video tutorials that show you exactly what to do. You will need the metatrader 4 platform to utilize the bot. Mac users will need to install windows via bootcamp or VMware.
How many F.A.P.S trades are winning trades?
The Forex Autopilot System Has a winning trade rate of 96%.
What Currency Pair Should I use Forex Autopilot on?
These are the setting I have found very profitable...EUR/USD Pair 1M Timeframe.
How Should I Configure the Stop Loss and Take Profit?
These are the settings I use on my live account. Take Profit -20 points Stop Loss - 30 points.
by Don Dang
My Experience With Forex Autopilot
If you plan on using forex autopilot I recommend you have BASIC knowledge of how the forex market works because you will need to configure settings such as stop loss, take profit, trailing stop, etc. The forex autopilot system has been profitable for me on my mini account of $500. It was the first account I have ever opened, and the very next morning the robot made me $78. Forex Autopilot has a 92% winning trade rate.
What is the Forex Autopilot System?
The Forex Autopilot System is a software that trades the forex market for you! Simply download and install the program, configure it to your settings, and that is it! Money on autopilot!
How Does it Work?
The trades at low risk areas in the market. You can configure it to trade in high or low risk situations by configuring the S/L and T/P. Of course your trading activities will still involve some form of risks, but you can expect realistic results of 5-10% returns with this system each and every month!
How to install it?
Once you download it there is a FAQ and step by step guide on how to install it. Also there is video tutorials that show you exactly what to do. You will need the metatrader 4 platform to utilize the bot. Mac users will need to install windows via bootcamp or VMware.
How many F.A.P.S trades are winning trades?
The Forex Autopilot System Has a winning trade rate of 96%.
What Currency Pair Should I use Forex Autopilot on?
These are the setting I have found very profitable...EUR/USD Pair 1M Timeframe.
How Should I Configure the Stop Loss and Take Profit?
These are the settings I use on my live account. Take Profit -20 points Stop Loss - 30 points.
วันเสาร์ที่ 26 กรกฎาคม พ.ศ. 2551
Effective Reliable Forex Strategy - What Does it Take
Effective Reliable Forex Strategy - What Does it Take
by Samuel Gibsten
It seems that everywhere you turn in this day and age there is someone who is trying to convince you that they have solved the puzzle of effective forex, commodities or stock market trading. While in the vast majority of these instances, a good measurable degree of doubt is highly advised in some cases there may be some merit to their claims. The fact remains, that international currencies do have relevant factors that are considered in determining their values. What those factors are, how they can be determined and most importantly when they are determined is key to formulating an effective and reliable forex strategy.
Timing is of the Essence
Timing is everything in formulating a forex strategy. This is because, if you have a clear view of the direction that any one currency is going to take, it must be seen at least a day before the predicted movement. While this may seem obvious, the fact remains that the further back from a currencies movement that accurate predictions can be reliably, made the greater the potential for greater financial rewards.
Reliability is Crucial
Reliability is also key. The reason for this is that one main goal of any effective forex trading strategy is to effectively block any room for emotions to take hold during trades. This means that the more solidly a trading strategy can be relied on to pay off, the less likely that doubt can rear its ugly head and muddle otherwise clear concepts that have been previously decided on.
The Forex Trading System
One very effective tool that is finding its way into more effective forex trading strategies is the automatic forex trading system. These systems process and chart complex relevant data in such a way that renders it more "immediately" usable in a comprehensive forex trading strategy. While some traders will rely entirely on the results garnered from their forex trading system others will use their results as a parcel of a more complex theoretical system.
by Samuel Gibsten
It seems that everywhere you turn in this day and age there is someone who is trying to convince you that they have solved the puzzle of effective forex, commodities or stock market trading. While in the vast majority of these instances, a good measurable degree of doubt is highly advised in some cases there may be some merit to their claims. The fact remains, that international currencies do have relevant factors that are considered in determining their values. What those factors are, how they can be determined and most importantly when they are determined is key to formulating an effective and reliable forex strategy.
Timing is of the Essence
Timing is everything in formulating a forex strategy. This is because, if you have a clear view of the direction that any one currency is going to take, it must be seen at least a day before the predicted movement. While this may seem obvious, the fact remains that the further back from a currencies movement that accurate predictions can be reliably, made the greater the potential for greater financial rewards.
Reliability is Crucial
Reliability is also key. The reason for this is that one main goal of any effective forex trading strategy is to effectively block any room for emotions to take hold during trades. This means that the more solidly a trading strategy can be relied on to pay off, the less likely that doubt can rear its ugly head and muddle otherwise clear concepts that have been previously decided on.
The Forex Trading System
One very effective tool that is finding its way into more effective forex trading strategies is the automatic forex trading system. These systems process and chart complex relevant data in such a way that renders it more "immediately" usable in a comprehensive forex trading strategy. While some traders will rely entirely on the results garnered from their forex trading system others will use their results as a parcel of a more complex theoretical system.
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