All posts by Walter A

The 10 Best Forex Strategies

Currency Trading Strategies

The Foreign Exchange market is one of the most popular ones and it’s growing rapidly every year. That being said, if you are dead set on becoming a profitable and consistent forex trader, stick with the KISS forex trading method and master the concepts outlined in this article and in my Forex trading course , and you will begin to see that profitable trading does not need to be complicated.

I wonder why many people love deciet, if i have come here with some manupulative chart picture of my earnings, you would have believed me but because i said i have been demo trading for about 3months now, you are asking for a proof and who says the result of demo trading will not reflect in live trading.

I think support and resistance lines actually do act very well on any timeframe, but you have to realise that depending on things like current liquidity in the market, time of day, news announcements and so on, price can just go charging through such levels at any time.

A ‘free trade’ as in trading for free because we are in a trade where we are risking no capital, but we still have the potential to make much large profits exists when we can use the breakeven strategy to move our stops into our original entry position.

This is because the true measure of the long term profitability of a forex trading system is neither the average per-trade reward-to-risk ratio nor the accuracy of the system but the combination of these two measures which is calculated as the mathematical expectation of a trading system.

The Forex Market (or Foreign Exchange Market)—in which individuals buy, sell and trade a variety of currencies-is considered the largest, most liquid financial market in the world, responsible for an average trading volume of over $4 trillion every day.

And after reading a lot of blog posts etc… I came to the conclusion: We are living in a world where everyone can write his own trading robot and big trading corporations, banks etc… they are constantly analyzing all the markets by using not just strategies developed by some trading gurus but also machine learning algorithms deployed on super computers, who tries to find at least some patterns on every market.

You may also get entrance and also leave signals, support and resistance degrees, all which could look like enough in the choice making process.I was under the very same impact as a novice, I went to the very same level as an intermediate trader as well as just hefty losses and low risk/reward choices made me look for a various approach to trading.

Forex Trading Strategies For Beginners

Here Are The Top Forex Trading Strategies

Whether you wish to profit directly from movements in FX or simply invest internationally across asset classes, the forex market touches upon everything you do as an investor. Summary: The above example was carried out when the eur/usd was trading higher so obviously we where buying – the system works just as well for selling opportunities, just look for prices to be below the 60 sma on all 3 time-frames, starting with step 1 again.

With that in mind please do read on, for below we are going to enlighten you on a range of different ways that you will be able to use to make your trading budget stretch as far as it possibly can whilst also possibly reducing the amount of risk you will have when placing a series of Forex related trades online.

Foreign exchange is traded in an over-the-counter market where brokers/dealers negotiate directly with one another, so there is no central exchange or clearing house The biggest geographic trading center is the United Kingdom, primarily London, which according to TheCityUK estimates increased its share of global turnover in traditional transactions from 34.6% in April 2007 to 36.7% in April 2010.

I had seen the account going down and up before and ended up making a some money, so I kept placing the trades Don requested me to do. At the end of the trading session, we reduced the account to 9K. When questioned during these last trading sessions Don said that it was just turn over”.

Set a percentage of your total day trading budget (which might be anywhere from 2% to 10%, depending on how much money you have) and don’t allow the size of your position to exceed it. Otherwise, you may miss out on an even better opportunity in the market.

When a client registers an account on the Chinese and Arabic websites, they agree the terms and conditions of a contract with the unregulated company registered in the Marshall Islands, EF Worldwide Ltd, and not the CySEC regulated company Easy Forex Trading Ltd.

From here a new trader can either elect to start trading without losing via a Forex demo account, which allows you to try out any learned strategies and to test the workings of the platform, or if ready, open a live Forex account and deposit an amount you wish to trade with.

You are trading against a computer program written by the individual firm your trading with or against a single RFED simulated trade group hired to acts as the counterparty to all transactions- to avoid having to state that they are their own counterparty.

Forex Strategy

100 Forex Trading Strategies

Foreign exchange , commonly known as ‘Forex’ or ‘FX’, is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. The price is now moving a little sideways, but the price held above the prior swing low, and all the elements are there so I am triggered in. +13.6 pips (entry price had slippage slightly reducing profit on trade-target stays at originally planned level despite the slippage).

So you can see how easy it is for a greedy man to lose all his money trading forex and that is the story of many Nigerians in particular, they want to trade bigger lot with smaller amount thereby losing all their money but why can;t they be ok with at least 200usd or even 100usd profit daily and build their trading capital to the level where they can conviniently trade bugger lots.

This is because any intuition or a hunch that the traders experience as a result of some newly gained knowledge of the forex market is likely to be overridden by one of the two emotional derivatives of their life-long programming towards the money – the greed and the fear In other words, without strict adherence to an existing mechanical trading system the beginning trader will eventually succumb to his or her emotions.

If mechanical trading systems suffer form the paradigm shifts on the market – the same can be said of the human mind (discretionary trading systmes) which tends to be very inflexible once a partciluar way of doing things (i.e. trading style) is ingrained in it.

It’s a disgusting, dirty business in which the brokers/bookies make it seem easy but in reality where the average trader has almost no chance whatsoever to succeed and sadly if these greedy degenerates just watched these free video lessons instead, they’d be saved.

Somehow, I wish you can also give us some tips on how to protect our eyesight after watching long hours on a bright forex trading screen.Because I find myself getting more colour blind and poor eye sight as time goes by.Needs some info for us on eyecare please!

I hope that now it will be easier for some traders to understand why it’s recommended to opt for a VPS hosting for their EAs when they can afford it. I’ve used MT4” in the text and in the images but, of course, it can be MT5” or any other trading platform that supports automated trading using expert advisors (or Forex robots).

Forex Trading Strategies

Forex Tips For Currency Traders

As a child, I remember collecting coins and bank notes from my father, every time he would return from one of his trips abroad. There is one aspect of claiming a trader bonus that you need to fully understand however, and that is once a bonus has been credited do your trading account, you are not going to be able to make a withdrawal of the funds held in your account until you have placed a certain volume of trades with your bonus funds.

It costs an Internet advertiser just pennies per day to reach a potential audience of millions of persons, and phony currency trading firms have seized upon the Internet as an inexpensive and effective way of reaching a large pool of potential customers.

Sometimes you can purchase CDs containing the software or have it sent via an e-mail attachment, but most often a download link will be provided once you pay for or give the required information necessary for the forex trading software provider to permit you to download the software.

However, there are some disadvantages associated with Forex trading but you also need to be aware of. Let’s start with the most obvious disadvantage of all — you need to be willing to invest in your education to learn how this market operates if you want to be successful.

When price came down and touches the pivot zone the first time (marked by blue box 1.) It gets rejected and bounced back up. (Forex trading system)It tried to test the pivot zone once again on the 2nd time (marked by blue box 2.) and got rejected so it retraces back up for a little while to come down back again to test the pivot zone for the 3rd time.