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.
วันพฤหัสบดีที่ 17 ธันวาคม พ.ศ. 2552
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.
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.
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.
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.
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.
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.
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.
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