Using Forex Charts To Succeed With Currency Trades
by Charlie Cory
It is important to remember that when reading Forex charts, that there are two basic approaches for online Forex trading. These approaches are known as the fundamental analysis approach and the technical analysis approach. The fundamental analysis approach does not rely on the standard Forex charts that one often sees on Forex Websites. This type of analysis relies on both political and economic factors to help determine which trades to make. Charts used for fundamental analysis are only used as a point of reference, and not a means of making a decision. Technical analysis on the other hand will try to forecast where the prices are going by analysis of historical price activity. In essence, those traders who use technical analysis study the relationship between the price of currency and the time of that price.
The commonest traded pair of currencies are the common European currency, the Euro, and the American dollar. So by way of an example, we will use this pairing to help us illustrate how Forex Traders look at this information. In this example, the dollar is on the right hand side of the chart and the Euro is on the left hand side. The currencies being traded are expressed in relationship to each other in a pairing. Forex charges will always show how much of the currency on the right hand side is necessary to buy a unit of the currency on the left hand side. Looking at the chart you will notice that the number which is highlighted is the last price displayed on a specified date. The time of a change is recorded along the horizontal axis, at the bottom of a chart and the price scale is displayed along the vertical axis along the right hand edge of the chart. The time and the price are often in all caps to help the trader remember that technical analysis is about the relationship between the time and price of the currency at that time.
There are many ways to observe the price and time movement on a Forex chart. Some of these include bars, lines, point and figure, as well as Japanese candle sticks, which is the most popular charting method. With the candle stick method the body of the candle is represented by a fat, red section. Lines project from the top and bottom which are the upper and lower wicks. When you look at all the candles on a chart it is clear that bodies can be different sizes and, occasionally, there is no body at all! The same approach is used with wicks. Candle wicks can be of many different sizes, or there may be no wick at all. The length of the body of the candle and the length of the wick are decided by the price range for the candle. An illustration showing longer candles indicates more price movement during the time that they were open. The pinnacle of a candle wick is the highest price for that currency while the bottom of the wick is the lowest price. A currency (or candle) is bullish when the size of the candle at the close is higher than it was at the open. In plain language this means that there were more buyers than there were sales during the opening time period. On the occasions that candles have no wicks at all, the indication is that the price of the currency opened but then dropped off consistently until it closed.
Forex charts should not be considered a sure fire method for decision making, but they are a tool that can help a trader decide about a trade. Studies reveal that many Forex traders do use charts of some description on a regular basis. Historical trends do have their place in Forex trading as most traders will acknowledge, and using the charts to track historical trends can help a trader in making a decision today.
More often than not, the charts are online rather than on paper. Many companies provide this online service, and by joining a service that provides the charts via the Internet a trader is able to stay very current indeed on currency activity. Charts can be verified on a minute to minute basis. For those who principally do their trading based on historical accuracy this can be a real help. Most Forex traders though use a blend of the two approaches. One could for example, chart historical trends, but also pay close attention to political, cultural and economic events within a nation. You could also use charts or other methods to check and see if a particular political event as a recent historical parallel that can be verified to determine how the currency behaved in past times. Merely following a single system is usually not enough. A trader should also be, to some extent at least, a student of history and of economics. There are numerous tools at your disposal to help you do well with Forex, and using these tools effectively will make you a much better Forex trader.
วันพฤหัสบดีที่ 25 กันยายน พ.ศ. 2551
Forex Trading Software - The Software of Champions or Tragedies
Forex Trading Software - The Software of Champions or Tragedies - It's up to You!
by William R. Alheim
Your sole objective of selecting your Forex (FX) trading software should be to optimize your profits over the long term as opposed to maximize your profits in the short term. The software should function well in all trading environments and be able to produce consistent profits which every way a particular currency happens to be moving at any given moment. There are so many Forex trading systems on the market today that the decision of which one to purchase first can be confusing. Each and every FX trading system is programmed a little differently and offers a distinctive approach to trading.
If you are an experienced trader and are now looking to upgrade from the manual trading process to computer based system then it is imperative that the first step is to examine your on individual method of trading and be honest with yourself. After all, do you want to purchase a trading system based on trends when you a signals trader? Or if you're a long term investor do want a system based on day trading?
Maybe you have not been successful trading to date and are attempting to blame the software. If that is the case then you really should take a long hard look at yourself and determine if it's the software or is it you. If you decide that it might not be the software, but the fact you have not been executing your trades properly then instead of purchasing a new system immediately you should strongly consider an additional online training course.
The vast majority of the top notch FX trading software on the market today has been examined numerous times by both the developers of the software and many independent testing agencies. As long as the software you purchase is a state of the art system is has been proven that it is capable of producing long term profits if utilized properly. Unfortunately, far too many people jump into currency trading which can be a highly lucrative field but is also a very competitive area with little or knowledge of the foreign exchange markets.
If you are a new comer to the FX markets, then please first invest in one of the many excellent online course that will educate on the details of the market before attempting to jump right in with an automated trading system. The cost of these courses is so minimal that they are easily made up with one successful trade that it is just unconscionable that anybody whom has little or no knowledge of the markets would want to start trading without first taking a course.
The software you select can really make you a hero in the eyes of your family if you are educated on the markets sufficiently to understand them and have the software work for you as the tool it was designed to do. When selecting the software there are only a few vital points to consider. The first being to make sure you purchasing a top level program which is updated as required by the market movements. The next and final step is to a pick a software that is based on your personal profile of trading. If you're a newcomer to the markets then make sure you are selecting a proven system and make sure it is a general system as opposed to one that focuses on a specific style of trading. This will give you time to learn the different aspects of trading first and develop your own approach.
by William R. Alheim
Your sole objective of selecting your Forex (FX) trading software should be to optimize your profits over the long term as opposed to maximize your profits in the short term. The software should function well in all trading environments and be able to produce consistent profits which every way a particular currency happens to be moving at any given moment. There are so many Forex trading systems on the market today that the decision of which one to purchase first can be confusing. Each and every FX trading system is programmed a little differently and offers a distinctive approach to trading.
If you are an experienced trader and are now looking to upgrade from the manual trading process to computer based system then it is imperative that the first step is to examine your on individual method of trading and be honest with yourself. After all, do you want to purchase a trading system based on trends when you a signals trader? Or if you're a long term investor do want a system based on day trading?
Maybe you have not been successful trading to date and are attempting to blame the software. If that is the case then you really should take a long hard look at yourself and determine if it's the software or is it you. If you decide that it might not be the software, but the fact you have not been executing your trades properly then instead of purchasing a new system immediately you should strongly consider an additional online training course.
The vast majority of the top notch FX trading software on the market today has been examined numerous times by both the developers of the software and many independent testing agencies. As long as the software you purchase is a state of the art system is has been proven that it is capable of producing long term profits if utilized properly. Unfortunately, far too many people jump into currency trading which can be a highly lucrative field but is also a very competitive area with little or knowledge of the foreign exchange markets.
If you are a new comer to the FX markets, then please first invest in one of the many excellent online course that will educate on the details of the market before attempting to jump right in with an automated trading system. The cost of these courses is so minimal that they are easily made up with one successful trade that it is just unconscionable that anybody whom has little or no knowledge of the markets would want to start trading without first taking a course.
The software you select can really make you a hero in the eyes of your family if you are educated on the markets sufficiently to understand them and have the software work for you as the tool it was designed to do. When selecting the software there are only a few vital points to consider. The first being to make sure you purchasing a top level program which is updated as required by the market movements. The next and final step is to a pick a software that is based on your personal profile of trading. If you're a newcomer to the markets then make sure you are selecting a proven system and make sure it is a general system as opposed to one that focuses on a specific style of trading. This will give you time to learn the different aspects of trading first and develop your own approach.
Getting Started With A Forex Currency System
Getting Started With A Forex Currency System
by Jon Arnold
Have you ever thought about trading in the forex currency system? Then you are going to have to really do your homework as to how to go about trading in it. You are going to have to be familiar with all the types of different currencies such as the yen, U.S. dollar, euro, etc. Unlike the stock market, the forex market is available to trade 24 hours a day.
If you search the Internet, you will find that there are many programs out there that deal with the forex currency system. However, these strategies are rarely sold online. If that would be true, the owner of the system would be using these strategies to make money in trading currencies instead of spending precious time just marketing his product.
One very popular trade in the forex market is the carry trade. This is made possible due to the fact that different countries have different benchmark interest rates. These interest rates fluctuate due to economic conditions. It currently happens that when one benchmark rate is on an upward swing, another country's rate may exhibit a downward trend. Every time that you buy a currency pair having a positive interest rate differential, you will receive a credit every day for that interest rate differential. The reverse is also true.
As far as the forex currency system goes, trend trading systems try to capture certain trends. In the long term, some forex pairs trade extremely well. The trend is your friend in the forex market.
Today, there are many news trading systems in the forex currency system. Many people try to make a trade on the initial news spike after data is released. Prices can move in one direction quite quickly only seconds after a new release. This makes it an excellent opportunity to initiate a trade. If you want to get in on this and trade news spikes, you are going to have to have a very fast news feed.
If you are going to be trading in the forex currency system, you are going to have to have a broker. He or she will be able to initiate a fast execution around the news releases. Not all forex brokers can operate as quickly as you would like or need to in this very fast paced market, so be sure the broker you choose can move quickly before the major opportunity for profit goes away.
The idea of an automatic trading system that will make you gobs of money and will require minimal maintenance on your part is appealing to many people. The reasons appear obvious. Using the platform Metatrader4 is once of the most common form of automated forex trading. Unfortunately, many of these systems are not able to stand the test of time. You can find many of these automated currency systems for sale, but it comes with a high ticket price so buyer beware!
There is so much information you must as well as terms to be memorized such as absolute rate, accumulation/distribution, pip and accreting principal swap and a host of other terms that it will make your head spin.
There are some online programs that will allow you to open a demo account and will give you a demo account to test your knowledge with so you don't have to use any of your own money. When you have mastered the techniques and are in the black when making trades, then it may be time to think about trading with real money. Remember that the forex currency system can be tricky so it would not be wise to jump into this blindly without any instruction.
by Jon Arnold
Have you ever thought about trading in the forex currency system? Then you are going to have to really do your homework as to how to go about trading in it. You are going to have to be familiar with all the types of different currencies such as the yen, U.S. dollar, euro, etc. Unlike the stock market, the forex market is available to trade 24 hours a day.
If you search the Internet, you will find that there are many programs out there that deal with the forex currency system. However, these strategies are rarely sold online. If that would be true, the owner of the system would be using these strategies to make money in trading currencies instead of spending precious time just marketing his product.
One very popular trade in the forex market is the carry trade. This is made possible due to the fact that different countries have different benchmark interest rates. These interest rates fluctuate due to economic conditions. It currently happens that when one benchmark rate is on an upward swing, another country's rate may exhibit a downward trend. Every time that you buy a currency pair having a positive interest rate differential, you will receive a credit every day for that interest rate differential. The reverse is also true.
As far as the forex currency system goes, trend trading systems try to capture certain trends. In the long term, some forex pairs trade extremely well. The trend is your friend in the forex market.
Today, there are many news trading systems in the forex currency system. Many people try to make a trade on the initial news spike after data is released. Prices can move in one direction quite quickly only seconds after a new release. This makes it an excellent opportunity to initiate a trade. If you want to get in on this and trade news spikes, you are going to have to have a very fast news feed.
If you are going to be trading in the forex currency system, you are going to have to have a broker. He or she will be able to initiate a fast execution around the news releases. Not all forex brokers can operate as quickly as you would like or need to in this very fast paced market, so be sure the broker you choose can move quickly before the major opportunity for profit goes away.
The idea of an automatic trading system that will make you gobs of money and will require minimal maintenance on your part is appealing to many people. The reasons appear obvious. Using the platform Metatrader4 is once of the most common form of automated forex trading. Unfortunately, many of these systems are not able to stand the test of time. You can find many of these automated currency systems for sale, but it comes with a high ticket price so buyer beware!
There is so much information you must as well as terms to be memorized such as absolute rate, accumulation/distribution, pip and accreting principal swap and a host of other terms that it will make your head spin.
There are some online programs that will allow you to open a demo account and will give you a demo account to test your knowledge with so you don't have to use any of your own money. When you have mastered the techniques and are in the black when making trades, then it may be time to think about trading with real money. Remember that the forex currency system can be tricky so it would not be wise to jump into this blindly without any instruction.
วันอาทิตย์ที่ 14 กันยายน พ.ศ. 2551
Day Trading Software - A guide
Day Trading Software - A guide
by Frederic Robinson
In todays world, DayTrading Software has turned into a big online industry.
If done correctly, day trading utilizing day trading software can turn a large profit for not just the major organizations but also for the person working from home online with day trading software.
This has to be a plus point of the internet and day trading software as it has levelled the learning curve between big companies and small traders.
As the biggest financial market, the FX (Forex) is the best market to make trades with day trading software. On most days, over two trillion dollars of trade is carried out.
By comparison, the other well known market called the New York Stock Exchange, the amount which is traded on that market is 25 billion dollars on any given day.
This is amazing and mind blowing stuff which brings in some of the worlds biggest businesses and organizations.
Currency is traded on the FX and always involves a a flow of buying and a flow of selling of different currencies. These currencies are dealt with by brokers.
If you get involved in buying currency with your day trading software, what happens is that you actually actually invest the money in that currency.
As an example, if you by US dollars, equates to you investing into the Amercican economy. The current state of that countries economy is what sets the value for the currency and any small changes.
Initially, the idea of being able to trade in the Forex was intended for the bigger companies and banks. The everyday person was not meant to trade in the market with day trading software. You needed many millions to take part and that was beyond the scope of many normal people.
However times have now changed and nowadays, most of us with not much cash can trade through a broker. Day trading software is not too expensive. It all takes place online. All that is needed is that you choose a good trading firm and monitor the market online with your day trading software.
Trading continues non stop through the three big trading centers in the United Kingdom, Japan and USA.
There are a number of benefits when it comes to day trading on the internet and in most cases, it is can be the best way to trade.
By taking the time to prepare yourself with the right research, there is no basis why you can not trade on the foreign exchange with day trading software and trade on the internet.
by Frederic Robinson
In todays world, DayTrading Software has turned into a big online industry.
If done correctly, day trading utilizing day trading software can turn a large profit for not just the major organizations but also for the person working from home online with day trading software.
This has to be a plus point of the internet and day trading software as it has levelled the learning curve between big companies and small traders.
As the biggest financial market, the FX (Forex) is the best market to make trades with day trading software. On most days, over two trillion dollars of trade is carried out.
By comparison, the other well known market called the New York Stock Exchange, the amount which is traded on that market is 25 billion dollars on any given day.
This is amazing and mind blowing stuff which brings in some of the worlds biggest businesses and organizations.
Currency is traded on the FX and always involves a a flow of buying and a flow of selling of different currencies. These currencies are dealt with by brokers.
If you get involved in buying currency with your day trading software, what happens is that you actually actually invest the money in that currency.
As an example, if you by US dollars, equates to you investing into the Amercican economy. The current state of that countries economy is what sets the value for the currency and any small changes.
Initially, the idea of being able to trade in the Forex was intended for the bigger companies and banks. The everyday person was not meant to trade in the market with day trading software. You needed many millions to take part and that was beyond the scope of many normal people.
However times have now changed and nowadays, most of us with not much cash can trade through a broker. Day trading software is not too expensive. It all takes place online. All that is needed is that you choose a good trading firm and monitor the market online with your day trading software.
Trading continues non stop through the three big trading centers in the United Kingdom, Japan and USA.
There are a number of benefits when it comes to day trading on the internet and in most cases, it is can be the best way to trade.
By taking the time to prepare yourself with the right research, there is no basis why you can not trade on the foreign exchange with day trading software and trade on the internet.
Forex Expert Advisors - Should You Consider Them and Which Are Best?
Forex Expert Advisors - Should You Consider Them and Which Are Best?
by kelly Price
Forex expert advisors or all over the net selling robots, signals and recommendations but should you consider them and which are the best? Lets find out...
The first point to make is that most forex expert advisors are not even proven traders, they are marketing companies.
You get a lot of fancy copy and promises - but most deliver nothing, apart from a simulated track record in hindsight, to back up there claims. The problem is of course you don't know the closing prices when you trade, so you can't make up a profitable track record in real time trading!
Before we look at what the good ones provide, here are the type of forex expert advisors to avoid.
1. Forex Robots
Ones who sell forex robots for $100, with a simulated track record and tell you that you're going to get rich, dream on, you will get wiped out. Also if it was that easy to make money, everyone would trade and give up the day job! It's not that easy unfortunately.
2. Day Trading and Scalping Systems
Again lot of hype and no real track record - just a simulation. All volatility is random in short time spans, so you are destined to lose - period.
Avoid these like the simulated forex robots.
3. Trading Signals Services
It's hard to follow a forex signals service unless, you know the logic the system is based upon. You should only do this based upon real time track record and the logic being fully explained so you can trade with confidence.
4. Forums and Members Areas
Lot of hype about sharing your experience with other traders. For "other traders" put losers - What successful trader, goes to a forum to share his advice? None I know - there normally busy making money. Most people in forums are losers and it makes them feel better, to give their great advice, when they can't win themselves - Steer clear!
5. News Wires
Want to trade breaking news? Forget it, its well researched and great information but there opinions and stories that's all. Trade news and you will lose.
The Problem is...
With the rise of the internet you have a lot of people passing themselves off as forex expert advisors and they have nothing to back up their claims. They have never made money and reply and back tests to sell their systems and this won't bring you success.
So where do you get the good expert advice?
Free Sources
Surprisingly, you can get most of what you need for free.
If you are basing your forex trading strategy on forex technical analysis, you can get all the theory and all the background to the indicators free. We have in our other articles explained how to build a system from these free sources so look them up.
Currency Trading Courses
You can get some good currency trading courses you need to check the person giving the advice is a trader though, as most courses are not. Look for something that can help you get a trading edge. There are some great courses that can cut the learning curve; you just need to seek them out.
Advice From the Millionaire Traders
How would you like some of the real millionaire traders to share their views with you?
Well go to your online bookstore and you can pick up some great advice. We wrote a top ten investment book list and it costs about $100 for the lot and that's advice from the super traders.
Always Remember This.
You can learn from others but you are responsible for your profits.
Someone can teach you the tools for currency trading success but it is up to you to apply them. Get your forex education for free and some books from the pros, or maybe a currency trading course, if it's run by traders and learn from it, then apply it with confidence.
There are plenty of forex trading expert advisors and a few can help you - but at the end of the day, your destiny is in your hands. Learn wisely, have confidence and discipline and you will win.
by kelly Price
Forex expert advisors or all over the net selling robots, signals and recommendations but should you consider them and which are the best? Lets find out...
The first point to make is that most forex expert advisors are not even proven traders, they are marketing companies.
You get a lot of fancy copy and promises - but most deliver nothing, apart from a simulated track record in hindsight, to back up there claims. The problem is of course you don't know the closing prices when you trade, so you can't make up a profitable track record in real time trading!
Before we look at what the good ones provide, here are the type of forex expert advisors to avoid.
1. Forex Robots
Ones who sell forex robots for $100, with a simulated track record and tell you that you're going to get rich, dream on, you will get wiped out. Also if it was that easy to make money, everyone would trade and give up the day job! It's not that easy unfortunately.
2. Day Trading and Scalping Systems
Again lot of hype and no real track record - just a simulation. All volatility is random in short time spans, so you are destined to lose - period.
Avoid these like the simulated forex robots.
3. Trading Signals Services
It's hard to follow a forex signals service unless, you know the logic the system is based upon. You should only do this based upon real time track record and the logic being fully explained so you can trade with confidence.
4. Forums and Members Areas
Lot of hype about sharing your experience with other traders. For "other traders" put losers - What successful trader, goes to a forum to share his advice? None I know - there normally busy making money. Most people in forums are losers and it makes them feel better, to give their great advice, when they can't win themselves - Steer clear!
5. News Wires
Want to trade breaking news? Forget it, its well researched and great information but there opinions and stories that's all. Trade news and you will lose.
The Problem is...
With the rise of the internet you have a lot of people passing themselves off as forex expert advisors and they have nothing to back up their claims. They have never made money and reply and back tests to sell their systems and this won't bring you success.
So where do you get the good expert advice?
Free Sources
Surprisingly, you can get most of what you need for free.
If you are basing your forex trading strategy on forex technical analysis, you can get all the theory and all the background to the indicators free. We have in our other articles explained how to build a system from these free sources so look them up.
Currency Trading Courses
You can get some good currency trading courses you need to check the person giving the advice is a trader though, as most courses are not. Look for something that can help you get a trading edge. There are some great courses that can cut the learning curve; you just need to seek them out.
Advice From the Millionaire Traders
How would you like some of the real millionaire traders to share their views with you?
Well go to your online bookstore and you can pick up some great advice. We wrote a top ten investment book list and it costs about $100 for the lot and that's advice from the super traders.
Always Remember This.
You can learn from others but you are responsible for your profits.
Someone can teach you the tools for currency trading success but it is up to you to apply them. Get your forex education for free and some books from the pros, or maybe a currency trading course, if it's run by traders and learn from it, then apply it with confidence.
There are plenty of forex trading expert advisors and a few can help you - but at the end of the day, your destiny is in your hands. Learn wisely, have confidence and discipline and you will win.
Forex Futures Trading Is Attractive To Day Traders
Forex Futures Trading Is Attractive To Day Traders
by Dean Forster
In the world of currency there are two distinct types of Forex trading. The first is the most popular of currency trading known as spot trading. The second way in which to trace currency is Forex Futures trading. There are differences between spot and futures trading to be sure, however the biggest difference and arguably the most important difference between them is the fact that spot trades are handled in what is termed as over the counter. The fact is there is no central location in which a Forex transaction is cleared. Futures trades have the distinction of clearing at the Chicago Mercantile Exchange.
The Chicago Mercantile Exchange, or CMX for short, has been offering Forex Futures trading since 1972. Today, the CMX offers futures on 41 currency pairs, options on 31 currency contracts and it holds over $60 billion in total liquidity. The Chicago Mercantile Exchange also does Futures transactions on their world-renowned Globex platforms. As an added bonus, it also offers feature popular future contracts traded on the e-mini equity indices.
One of the big differences in Forex spot trading as opposed to Forex Futures is that the former works very well for those whose habits tend to lean towards trades that are a shorter term, whereas Forex Futures trading is typically better for larger, long-term trades.
For most investors the biggest most important difference between Forex spot and Futures Trading is not the over the counter trade as opposed to the trade clearing at a central location. The most striking difference in the two is the cost involved in currency trading. Futures has a cost of around $20 or less per round turn. The Forex spot trade will run you anywhere from $30 to $50 and up per round turn. This particular aspect of Forex Futures trading makes it the trade of choice for most currency day traders.
From just a personal perspective, some people have a problem with Forex spot trade simply because in most cases, they have no idea with what company or with whom they may be doing business. It is seldom an issue, but some investors prefer doing business at a central location. With Forex Futures trading, this is not an issue. The Chicago Mercantile Exchange is a market that has a rich and storied tradition. Most people know where it is and they know it is not going anywhere.
by Dean Forster
In the world of currency there are two distinct types of Forex trading. The first is the most popular of currency trading known as spot trading. The second way in which to trace currency is Forex Futures trading. There are differences between spot and futures trading to be sure, however the biggest difference and arguably the most important difference between them is the fact that spot trades are handled in what is termed as over the counter. The fact is there is no central location in which a Forex transaction is cleared. Futures trades have the distinction of clearing at the Chicago Mercantile Exchange.
The Chicago Mercantile Exchange, or CMX for short, has been offering Forex Futures trading since 1972. Today, the CMX offers futures on 41 currency pairs, options on 31 currency contracts and it holds over $60 billion in total liquidity. The Chicago Mercantile Exchange also does Futures transactions on their world-renowned Globex platforms. As an added bonus, it also offers feature popular future contracts traded on the e-mini equity indices.
One of the big differences in Forex spot trading as opposed to Forex Futures is that the former works very well for those whose habits tend to lean towards trades that are a shorter term, whereas Forex Futures trading is typically better for larger, long-term trades.
For most investors the biggest most important difference between Forex spot and Futures Trading is not the over the counter trade as opposed to the trade clearing at a central location. The most striking difference in the two is the cost involved in currency trading. Futures has a cost of around $20 or less per round turn. The Forex spot trade will run you anywhere from $30 to $50 and up per round turn. This particular aspect of Forex Futures trading makes it the trade of choice for most currency day traders.
From just a personal perspective, some people have a problem with Forex spot trade simply because in most cases, they have no idea with what company or with whom they may be doing business. It is seldom an issue, but some investors prefer doing business at a central location. With Forex Futures trading, this is not an issue. The Chicago Mercantile Exchange is a market that has a rich and storied tradition. Most people know where it is and they know it is not going anywhere.
วันพฤหัสบดีที่ 11 กันยายน พ.ศ. 2551
Forex Trading System - This Ones FREE Made Millions and is Enclosed!
Forex Trading System - This Ones FREE Made Millions and is Enclosed!
by kelly Price
Yes, you read correctly, this forex trading system is totally free, simple to understand and apply and has made savvy traders countless millions, over the last 20 years and everything, you need to know about it is enclosed...
The system we are going to look at was devised by legendary trader Richard Donchian and while incredibly simple - it works.
The system is called the 4 Week Rule and the rule of the system is this:
Buy any new 4 week calendar high, then reverse and sell any 4 week calendar low and then reverse again on a 4 Week high. It's a stop and reverse system and you always maintain a position in the market.
You can do it in your head, don't even need a computer and the rule is totally objective you just follow it, no subjective judgement is needed.
Does it make money?
Yes check it out for yourself and the logic it is based on is sound and that is - most new trends start or continue from new market highs and this is based on long term breakout methodology, so it will effectively puts you in on every major trend. As these big trends can last for many weeks, months or even years, it can make a lot of money.
It's Totally Objective and Time Efficient
The other huge advantage is time to apply it, you only need 15 minutes a day or less and on some days you will be so far from a signal you don't even need to look at the market.
The system works well in any trending market and as currencies trend so well, it's an ideal market to apply it on.
A Filter
All systems have a downside and this one will take losses and get chopped around, when the market doesn't trend but you can add a filter and that's to exit on a shorter time scale say, 1 or 2 weeks, then remain flat, until the next 4 week trigger kicks you in again with your trading signal.
Both ways will make money but adding the filter smoothes the downside.
It Beats Sold Robots Easily
Its simple, doesn't have glossy packaging or a catchy name, like many of the numerous forex robots sold by vendors - but they don't have the one important thing this system has - a real track record.
All the forex robots that are sold come with meaningless, back tested simulations and lose. This one comes with a track record of real gains and has been used by savvy traders for years.
Use It and Enjoy Currency Trading Success
If you want profits and you want a simple, easy, to apply system, then the 4 Week Rule is ideal. So before you think of buying a forex trading system, take a closer look at the system enclosed and you maybe glad you did.
by kelly Price
Yes, you read correctly, this forex trading system is totally free, simple to understand and apply and has made savvy traders countless millions, over the last 20 years and everything, you need to know about it is enclosed...
The system we are going to look at was devised by legendary trader Richard Donchian and while incredibly simple - it works.
The system is called the 4 Week Rule and the rule of the system is this:
Buy any new 4 week calendar high, then reverse and sell any 4 week calendar low and then reverse again on a 4 Week high. It's a stop and reverse system and you always maintain a position in the market.
You can do it in your head, don't even need a computer and the rule is totally objective you just follow it, no subjective judgement is needed.
Does it make money?
Yes check it out for yourself and the logic it is based on is sound and that is - most new trends start or continue from new market highs and this is based on long term breakout methodology, so it will effectively puts you in on every major trend. As these big trends can last for many weeks, months or even years, it can make a lot of money.
It's Totally Objective and Time Efficient
The other huge advantage is time to apply it, you only need 15 minutes a day or less and on some days you will be so far from a signal you don't even need to look at the market.
The system works well in any trending market and as currencies trend so well, it's an ideal market to apply it on.
A Filter
All systems have a downside and this one will take losses and get chopped around, when the market doesn't trend but you can add a filter and that's to exit on a shorter time scale say, 1 or 2 weeks, then remain flat, until the next 4 week trigger kicks you in again with your trading signal.
Both ways will make money but adding the filter smoothes the downside.
It Beats Sold Robots Easily
Its simple, doesn't have glossy packaging or a catchy name, like many of the numerous forex robots sold by vendors - but they don't have the one important thing this system has - a real track record.
All the forex robots that are sold come with meaningless, back tested simulations and lose. This one comes with a track record of real gains and has been used by savvy traders for years.
Use It and Enjoy Currency Trading Success
If you want profits and you want a simple, easy, to apply system, then the 4 Week Rule is ideal. So before you think of buying a forex trading system, take a closer look at the system enclosed and you maybe glad you did.
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