By kelly Price
If you want to know how to trade currency markets and make triple digit profits then this article is for you. Here we will show you exactly what you need to do to enjoy long term currency Trading success.
Before we look at how to win lets look at some mistakes which most traders make and the first one is to think you can make money with no effort, by buying a cheap Forex robot or Expert Advisor.
These systems are so cheap because they don't work! If Forex trading was as easy as spending a couple of hundred of bucks for a lifelong income, the whole world would be trading and not working.
If you want to win, you need to learn the basics but the good news is its easy to learn to trade successfully and you should do the following:
1. Base your trading plan on technical analysis.
All you need to do is learn how to spot chart set ups which will get you into the big trends. You don't care how and why prices are moving you just want to lock into these trends and make money from them when they do. You can learn to become a chartist in just a couple of weeks and then, your all set to start making money.
2. Keep your System Simple
Simple systems work best in currency trading, as they tend to e more robust than complicated ones - so keep your system simple and don't be tempted to complicate it. A good methodology to base your currency trading strategy on is breakout trading; this is a timeless way to make money so learn it.
3. Discipline - the Under rated Trait for Success
You can have a good system but unless you can trade it with discipline and execute the signals you won't make money. This is the hardest part of currency trading, staying with your system through periods of losses.
All traders have losing periods and you MUST keep them small and take them - This can be hard when the market is making you look stupid but losing is actually the key to longer term currency success because, when your winners come, you run them and if you do this you can lose more times than you win and still make huge gains.
Keeping losses small and running profits is a well known bit of wisdom but most traders simply cannot do it. They let their egos and emotions get involved and lose.
Discipline is based on confidence in what you're doing and if you learn currency trading the right way, you can achieve it and get on the road to currency trading success.
So if you want to know how to trade currency markets and win you now know how to do it, so educate yourself and get started.
Article Source: http://www.Free-Articles-Zone.com
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Jumat, 30 Januari 2009
Rabu, 28 Januari 2009
By kelly Price
Many people think if they work hard and spend time on their trading plan they will make money, but Forex trading is all about working smart not hard and getting the right education and method for big Gains, and that's the subject of this article.
When I say Lazy I mean making the least amount of effort, to make gains, NOT - no effort at all. You still have to work but for the effort you put in, your rewards are enormous.
Many people think if they work hard and spend time on their trading plan they will make money, but Forex trading is all about working smart not hard and getting the right education and method for big Gains, and that's the subject of this article.
When I say Lazy I mean making the least amount of effort, to make gains, NOT - no effort at all. You still have to work but for the effort you put in, your rewards are enormous.
Article Source: http://www.Free-Articles-Zone.com
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Senin, 26 Januari 2009
By kelly Price
Which it the Forex analysis to generate big profits? Here we will look at a powerful way to conduct your Forex analysis and get on the right side of all the big Forex trends that make the big profits.
In terms of Forex trading analysis, traders either tend to pick fundamental analysis or technical analysis, let's look at the advantages and disadvantages of these two methods of analysis.
Fundamental Analysis
Studies the supply and demand facts and prices do move to the big long term fundamentals but their extremely hard to judge, as prices don't move based on the facts but on how investors perceive them and their judgement, is not logical but coloured by their emotions.
The above is clearly shown by the fact that markets collapse when there most bullish and rally when there most bearish.
Technical Analysis
Simply assumes that all the fundamentals will show up in price action, it's actually a short cut form of fundamental analysis, because in a world of instant communications we all have the news at a click of a mouse and how investors perceive it will quickly be reflected in chart action.
The Forex chartist doesn't care why prices are moving he just wants to lock into and profit from price trends.
Using Forex charts simply sees the chartist look out for repetitive chart patterns which are the product of human psychology which is constant and it's a fact that, several chart formations repeat and repeat again and can be traded for profit.
Both the above methods have pros and cons and for the Forex trader the most time efficient way to trade is to use Forex charts and simply follow trends either up or down.
The Best Methodology for Chartists
When using Forex charts, the best way to trade is not to predict in advance but to trade the reality of breakouts to new highs and lows on a Forex chart. All big trends start and continue from breakouts, so by buying significant breaks of resistance and selling breaks of support, you can make a lot of money.
Most traders want to predict and don't use breakouts but a look at any Forex chart will show you it's the best way to make money.
You need to pick good breakouts i.e. levels the market feels are important and if you do, trading just once or twice a month, you can make triple digit gains.
So what are the best breakouts to trade?
We will look at this timeless way to make money, in part 2 of this article series on Forex Analysis and show you how, it can lead you to long term currency trading success.
Article Source: http://www.Free-Articles-Zone.com
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Jumat, 23 Januari 2009
By kelly Price
If you want to trade currencies from home and make a triple digit income you can and here we will give you a simple method any trader can use to make big gains...
To make money at currency trading, you don't need to learn economics or follow the news you can simply look for repetitive chart formations which are a reflection of human nature and generate high odds set ups again and again.
The reason they do this is human nature is constant and this shows up in repetitive chart patterns. If you look at a currency chart you will notice the following:
1. Currencies trend i.e. they move up or down for long periods of time
2. All these trends start from breaks of resistance and support to new highs or lows and trends also continue from them.
By buying and selling these breaks, you can make a lot of money but how do you do it?
You need a level that has been tested a few times, the minimum number of tests is two but the more times the level has been tested before it breaks the better.
Always look for levels that the market considers important because when it breaks chances are traders who are trading in the opposite direction will have their stops here and when the level breaks, they need to cover and get out and this will push the price further in the direction of the breakout.
Once the level gives way after stops have been hit, technical trading systems kick in and push the price even further away from the breakout point and a new trend develops.
The above is logical and simple to understand but most traders NEVER trade breakouts because they have the wrong mentality. They want to try and buy exact lows and sell highs and predict these turning points.
They therefore think when a breakout has occurred, they have missed the start of the move and want a pullback to get on board - but the good breakouts just carry on and the trader misses the move.
If you look for good breakouts, you can simply trade the break as it occurs, put your stop behind the breakout point and wait for a trend to unfold. If you're wrong your stop is very tight so this is a great method for keeping risk low and profits high.
If you are trading currencies from home learn to trade breakouts. The logic is simple to understand and if you look at any currency chart you can see how effective it is. You don't need to trade often once or twice a month can make you a triple digit annual income and you can do it in just 30 minutes or less a day.
If you want to trade currencies from home and enjoy currency trading success, then learn to trade breakouts.
Article Source: http://www.Free-Articles-Zone.com
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Minggu, 18 Januari 2009
By groshan fabiola
Whether you need to relocate for work or are looking for a new real estate property that fits your lifestyle, you want to make sure that you are able to get something that is comfortable and feels like home. However, the current economy and the problems associated with real estate may make the options for buying a home impossible. Understanding the trends, and knowing your options to relocate without having to fall with the current recession, is the beginning to the perfect approach within the real estate market.
When you begin to look into real estate, you want to make sure that you know what the trends are for buying as well as how this may affect your current lifestyle and needs. For instance, if you are considering the option of buying a home in Sheffield, you want to know what the current mortgage rates are and whether this fits into your budget. You also want to associate this with the options available in the current economy, which may cause fluctuations in interest rates and prices. You will find that, with the current state of the real estate market, are risks and problems associated with this aspect of the market.
The second consideration with buying real estate in the current market is associated with home value. Because there are not as many individuals buying or selling with the economy, it is causing the real estate value of properties to go down. Unless the recession stops, it is expected that the prices will continue to be devalued and to alter in their pricing based on the changes in the economy. This makes an investment in a home one that should be reconsidered before buying or selling.
If you need to get into a home, but don't want to be a part of the risk with the downfalls currently in the market, then house rent Sheffield may be a better option. This offers you the ability to transfer your residence and location, live in the home you want and to not have the attachments to mortgages, the banking industry and the real estate fluctuations. With this, you have a flat fee for the home you are in, don't have to worry about devaluing of your home and can stay in the residency as long as you want. This gives you flexibility and better options for your living needs.
If you are looking for the best options in house rent Sheffield, then you don't have to search on your own. You can also use lettings agency Sheffield to assist you in finding the best opportunities available. This gives you a resource area that has knowledge, networks and connections to the best rental spaces and gives you the capacity to find a space that fits your lifestyle needs and location. Working with an individual who has the knowledge, while finding a space that doesn't cause you to lose from the current economic crisis then becomes a simple solution for better living.
If you are planning on a move, but need to make sure that you get the right deal in place, then you can begin by looking at lettings agency Sheffield as well as house rental areas. This offers you a simplistic way to get the home you need without having the constraints that are a part of the current economy. The result is flexibility and the ability to enjoy a comfortable situation with the home you need.
Article Source: http://www.Free-Articles-Zone.com
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Sabtu, 17 Januari 2009
By: Chris M Lee
Before this article starts, a precedent has to be established first and foremost. The precedent is one of the features of the market that you should be familiar with now, especially so if you are a trader. The Forex market has a trade characteristic that is quite unique to it, in which trade is considered to be 24 hours a day, every week and only closed on the weekends.
When it starts is Eastern Standard Time, 2300 on a Sunday and it closes midnight on a Friday. When one market opens up in one region, then another market will close and vice versa - this is what gives the Forex its longevity as it moves from one region to another during the course of the trading day. Even when you are sleeping, there is still half the world that is still currently trading with breakneck speed and if you happen to suffer from insomnia, you can even access these markets anytime you want and make some decent money as well. In relation, one other thing you should be aware of is the regions of the Forex market; it usually starts in London and ends in New York, stopping by places like Tokyo, Singapore as it moves around the globe.
Because of this, there may be times where there will either be a brief lull or a brief spike in activity, because volume of trade in different regions and markets may differ. Highlight of some of the major centres of Forex trade would be New Zealand, Sydney, Wellington, Moscow, Frankfurt, Moscow and Hong Kong - along with the three major ones that already have been mentioned. One of the myths of trading hours is that there is one perfect trading time where you should be paying attention to.
If that was the case, 70% of the total Forex investor population would be losing out simply because they were asleep and market psychology would drastically change because many of the investors would be then employing the use of managed accounts.
But there is some truth when looking at the busiest peaks of the market, usually when the British, European and American markets are opened. Market volume during these times are usually the greatest but that does not mean that you should be jumping at the chance to get your hands on the trade game at this point of time. High volume does mean that you will make money and some times, people view it as a time of higher competition in the zero sum game.
All in all it also depends on where you are, what you are comfortable with and what currency pair you are currently trading in. This way, you will be able to determine which trading hours are suited best to your investment patterns. It is about time that the myths and facts are both dispelled and told in a no-nonsense, straightforward method. With a clearer idea of when you should be trading and how, your chances of making good money will definitely increase.
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Kamis, 15 Januari 2009
By: Chris M Lee
The potential income, even as a secondary source for most traders who dabble in the Forex market can be quite enormous and this has explained the major popularity that the paper trade has seen of late, with numbers of part time and casual traders going off the charts. The recent economic crisis has also helped this situation of late, with increasing numbers of investors turning away from traditional markets and focusing their attention on the Forex market.
The turnover is a few trillion, which means it is a market that has far surpassed the size of more traditional markets like stocks and bonds. Alongside Forex trading’s huge growth appears the phenomenon of Forex day trading. As implied by its name, day trading of Forex largely involves the definite business and purchasing of a variety of currencies all right the way through the day. Its major reason is to arrive up by means of no net variation in lay at the end of the day. What this means is that, for each Forex currency purchased, there ought to be a single currency sold.
The main advantage of trading in the day is so that you do not have to worry about maintaining your currency position throughout the night, which can be a tedious thing. Waking up to a major price change (as the market is 24 hours during the work week) can be quite alarming and sometimes unseat and unravel some of the strategies and trading moves you had made the previous day. You have to know certain things about the market before you make a decision to trade in it and one of the things you need to know is that day trading is very course orientated which means it is very focused on the development, and winning trades. It is a very focused and sporadic way to make money, and you need to be able to capitalise on even the smallest of price changes when you see them. Most of the successful day traders will always tell you that you will always lose some money first, before you can win a lot back.
To achieve a desired position or to read the market better, mistakes are the best way to learn how the day trade market really and truly works. Speculate as positively as you can, and take risks which have gone through a whole gauntlet of calculations and strategisations. Be sure to know what you are doing because the day trade can be a whole new ball game for those who are used to taking the long position. These are some of the tips and information that will definitely benefit you when you do decide to start on the day trade but the process of learning should always be continuous and you need to discover new and better ways to make your money work for you in the Forex market day trade. With research, you are bound to find more tips on the best Forex day trading techniques.
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Senin, 12 Januari 2009
By: Chris M Lee
There are many ways that one can read the Forex market and one of the ways and information that you can use is Forex live rates - a great way to monitor the market and make some investment decisions. Falling under the technical analysis umbrella, Forex live rates gives you real time readings and information based upon market movements and this is called one of the by products of the Forex influence. If we look more deeply in the area of Forex live rates and the influence factor of the market, we can actually track most of these sort of movements down to the existence of Central Banks in and around the market.
They are at the centre of the financial system of any nation state and they are the ones who are in the demand and supply of the country’s very own currency. Where they came from was actually in the 17th century, where the first central bank was based in Sweden and slowly but surely, the U.S Federal Reserve reared its head about two hundred years later, starting the growing trend of central banks and currency control in countries. The roles of the central bank is actually to monitor the market and the one in Europe does this quite well, ensuring price stability of the Euro and keeping a check on inflation rates in the continent. The Federal reserve of the U.S.A has four main responsibilities, which stretch from anywhere to influencing the monetary and credit conditions in the local economy, supervising bank activity, maintaining the stability of the financial system that providing a whole host of financial services to many of the business and institutions that form the coalition of American private and public business.
The Forex live rates come from most of their intervention. Interest rates are the most important lever that these banks can have control over and they are viewed as the very value of the currency. Because they have so much capital in reserve, they can often plunge enough commodities into the market to control the price and fluctuations of the rates; sometimes even going against the market to ensure that a movement does not gain so much momentum. This is often decided in boardroom meetings by carious chief financial officers who then pour over market data and decide there and then how best to regulate the live rates that will be of course reflected in the FX market.
One way to monitor the market is to get a good idea on the activities of the central banks that have a direct influence on the currency pairs that you are dealing with and this will give you some good technical analysis information to make some good decisions on the market. Forex live rates are a great way for anyone to monitor the market, combined with sound fundamental analysis and hard work on observing market psychology - to make some decent money. But of course this is just a small part of Forex you need to know about to effectively master it.
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Jumat, 09 Januari 2009
This collection of Forex trading strategies and techniques is dedicated to help traders in their research and developing of workable trading styles and trading systems.
Attention all users: trading strategies are posted for their educational purpose only. Trading rules may be subject to interpretation. Planned risk levels may be increased dramatically under extreme market conditions.Use the ideas and/or modify them to suit your trading style, but only at your own risk. We recommend testing your trading system on demo account before investing real money.
We start from the very simple Forex trading strategies that will help beginner traders to identify entry and exit points and foresee market turns; and we will gradually move to more serious but still simple Forex trading systems. As we said, simple trading systems are good for beginners, but won't suit more experienced traders. However, if you have just started learning about Forex, do not skip those strategies as they will preserve consistency in your learning. Advanced strategies were all at some point simple, but later were developed by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.
Before we start: two words about Stop Loss orders – they should be set either in fixed amount of pips (you may try to use 27-30 pips with those simple Forex systems) or, if chart permits, slightly over the last highest price swing point.
Screenshots are made from Oanda trading platform.
We hope you enjoy staying with us!
Truly yours,
Edward Revy and my best Forex strategies Team
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Senin, 05 Januari 2009
By Jeff Boyd
Leonardo Fibonacci is a famous Italian mathematician, founder of a simple series of numbers that refer to ratios valid for natural proportions of things on the planet. These ratios appear from the next numbers: 0, 1, 1, 2, 3,5, 8, 13, 21, 34, 55, 89, 144, 233, ..., and found while performing next calculations: 1+2=3, 2+3=5, 3+5=8 etc.
If to measure the ratio of any number to one of the next higher number the result will be 0.618. For example, 21/34=0.618.
If to measure the ratio between alternate numbers we will get 0.382. For example, 13/34 = 0.382.
These proportions can be found in nature, science, architecture, music, art. A few examples of Fibonacci numbers are pine cones, sunflowers, pineapples, palm trees, spider webs, snail shells, DNA molecules and millions of other things in the universe.
When applied on Forex charts, Fibonacci Retracement Levels are used as support and resistance levels: 0.236, 0.382, 0.500, 0.618, 0.764.
0.382, 0.500 and 0.618 — are the most important to watch for.
Fibonacci Extension Levels are used as targets for taking profit: 0.382, 0.500, 0.618, 1.000, 1.382, 1.500, 1.618.
0.618, 1.000 and 1.618 — here are the most useful for traders.
Fibonacci retracement and extension levels carry important information for experienced as well as novice Forex traders as they help to identify entry and exit points during the trade.
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Jumat, 02 Januari 2009
This information is mostly relevant for users following “The Thing” system.
When starting out you might find that your chart data does not match some other users. This is caused by each broker having their own personal time to start/end each DAILY time frame chart candle.
If your broker is not listed. Please help out by contacting their support service and asking what time in relation to GMT their daily time frame chart ends, then post it here as a comment or e-mail the info to us via the site contact form.
* Alpari: GMT +2
* CFGTrader: GMT +2
* CoesFX: GMT +3
* Fibo Group: GMT +2
* Forex LTD: GMT +2
* FXCM GMT -4
* FXDD: GMT +3
* IBFX: GMT
* Marketiva GMT
* MetaQuotes: GMT +2
* MoneyTec: GMT +3
* Netdania Charts GMT -8
* North Finance: GMT +2
* Oanda GMT -5
* Orion: GMT +4
* Real Trade: GMT +2
I will update this post with new brokers as the info comes in.
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