Profit Making Amazing Forex Strategy

May 14, 2014 by  
Filed under Forex Trading Strategies

An amazing forex strategy ensures that an investor does not lose money in forex trading, instead it helps the investor make profits time and again. The only reason why traders or investors lose money is because of poor planning or lack of planning. The key to making profits lies in finding the right strategy or perhaps in developing one, as there is no standard strategy which can be blindly followed, else everyone would have been rich by now.

However there are a few basic strategies, which can be used as building blocks to amazing forex strategies. Forex scalping is one of the popular strategies, which involves a quick opening and the liquidation of the contents, but this strategy will not suit every investor as scalpers usually are not great risk takers and they are ready to forgo huge profit opportunities for safe and small profits which they make quite frequently. Individually the profits might look small, but the cumulative of all the frequent gains is usually a great profit. This strategy, a short term strategy, may prove amazing for beginners who do not want to take great risks, but want to make small and steady profits.

One of the most popular strategies in the financial market is the Trend following. This strategy is a long term strategy and requires a good deal of patience along with determination from the traders. The basic thing to be done to utilize the benefits of this strategy is to recognize a trend first and this can be done usually by employing both technical and fundamental analysis. Fundamental analysis provides the information that can be used to predict the length and strength of a trend and the usage of technical analysis shows how the trend develops. Technical analysis is less reliable when compared to fundamental, but it would be very difficult in deciding how or when to trade without the use of technical analysis. At any point of time, there exist three kinds of trends, up, down or flat. In order to recognize the basic trends, you need to have knowledge of how economic factors influence the trends.

Summing it up, trend following strategy is probably one of the easiest and straightforward ways to make money in the forex trading market.

There is no hard and fast strategy which can guarantee that investors make profits only, it is up to an investor to study and analyze different strategies and to devise a winning amazing forex strategy.

Do you want to make money online quickly and regulary? The author of this article gives valuable advice on how to make money online with forex systems that are effective. Visit his website to read about a automatic forex bot that genertates income 24 hours a day. Automatic Forex Bot

 

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Forex Strategy Site

February 11, 2014 by  
Filed under Forex Trading Strategies

Time and again we have been advised to become apprentices in order to succeed in life. We are told that this is the same principle that the world’s richest man applied. It is still the same principle that Donald Trump preaches and tries to incorporate into his workforce and various other individuals. Without it Bill Gates would not have been a successful computer hardware and software wizard.

Most entrepreneurs prefer trading on the forex market since it is more liquid and fun-filled compared to the other types of trading. This is because employment of the best forex trading strategy enables individuals to make huge profits within the shortest time possible. Such tactics can be accessed from profound forex strategy sites. There are various forex strategies in the market however this article will elaborate on a forex strategy that definitely works by making individuals instant millionaires if appropriately implemented.

Newbie forex exchange traders usually rush to get the current forex exchange paper to gauge the performance of the shares in the market. They claim that this gives them an idea of the stocks to trade in as a clear picture of the stocks trend is painted. Therefore, they go ahead trading real funds and buying and selling forex market papers. However, the recommended, outrageous and most successful forex strategy should be a study of the forex market charts.

These charts display previous trends that may occur in the current market. This presents a perfect chance of analyzing forex trading strategies that maybe implemented to enable individuals tackle the market and make loads of money as profit. These charts contain 20 years of wisdom that if appropriately implemented will make one earn enough money to sustain him within a very short timeframe. In fact they can genuinely and comfortably use their income to trade on the forex market.

Moreover, by analyzing these charts individuals will not only acquire forex strategies they will also be able to save time, money and power. Furthermore, these charts can be studied at anytime from any place unlike purchasing forex papers. Individuals neither face stress nor pressure to study certain types of charts at a specific period of time or place. In addition individuals will be able to curb incurring losses by formulating sound forex trading tactics to implement before they commence on actual trading activities. Information gathered can also be used as a future forex strategy to gain current market details and make huge profit margins.

Most of you will agree that with the current global economic crunch and trend this forex trading strategy will be quite useful. Entrepreneurs that rely on this tactic will confidently attest to the effectiveness of this forex strategy. In fact they made more profit from trading on the forex market unlike most of their counterpart apprentices that suffered severe losses. Therefore, if you are planning to undertake forex trading as a sideline to your income source implement the discussed strategy. You will not only become a successful apprentice but have found a perfect means of investing your income to make lucrative money..

How to Make 100 Pips Daily With a Very Simple Set and Forget Forex Strategy

October 5, 2013 by  
Filed under Forex Trading Strategies

Do you want to make 100 Pips Daily? If you can really make 100 pips every day, it means 3,000 pips every month. 1 pips is equal to on a standard lot. 3,000 pips a month translates into ,000. Not bad, huh? Well, Karl Dittmann wants to help you with his very simple 100 Pips Daily- Set & Forget Forex Trading Strategy that can help you make 100 pips daily easily.

Karl Dittmann from Bonn, Germany is a veteran trader who has been making a living trading differet markets successfully. He has been releasing very simple trading systems that have helped traders all over the world to trade different market successfully and make money.

100 Pips Daily-Set & Forget Forex Trading Strategy is another mechanical forex trading system that Karl uses everyday to make 100 pips daily. This is a 100% pure mechanical forex trading system that is ideal for those with a 9-5 job. Everyday millions of people around the world attempt to make money trading forex. Most of them keep on losing money.

This simple Set & Forget Strategy can help those people a lot. Two principles that have worked in trading always is good money management and secret market timing. 30 years of experience trading different markets has taught Karl the importance of using proper money system and utilizing secret market timing. This manual trading strategy uses both!

This Set & Forget Strategy does not need you to monitor the market. Most trading systems depend on using chart patterns. Identifying a chart pattern is a difficult process that requires some experience trading the market. In the same way, trading support and resistance or pivot points also need practice and experience. This is a unique price driven strategy that uses no indicators, no chart patterns, no support and resistance and no pivots. You will be amazed to discover how simple this 100 Pips Daily-Set and Forget Forex Trading Strategy is! You can learn it easily and use it to trade the forex market the very same day.

So what is this Set & Forget Strategy. This 100 Pips Daily-Set Forget Strategy requires you to open the chart at a specific time, Place a few orders and that’s it, you are done! You don’t have to do anything else or monitor the trade anymore. You will automatically earn 100 pips in a few minutes or hours. It is as simple as that. You only need 0 in your trading account to start using this simple forex trading strategy.

What you need to do is test this forex strategy on your demo account for a few days and see how easily it makes 100 pips for you every daily. The price of this product is only . Compare this with other forex systems that are being sold for hundreds of dollars. Karl says he makes enough money trading so he does not need to make money by selling his products. He has only released this 100 Pips Daily – Set & Forget Forex Trading Strategy to help people to stop losing money and start making money with forex!.

A Forex Strategy that Works

August 14, 2013 by  
Filed under Forex Trading Strategies

* What forex strategies don’t work?

Forex strategies that are over complicated or over priced and that involve multiple lagging indicators or complicated programmed formulas are typically not conducive to successful to forex trading. Many traders erroneously believe they need to use such complicated trading methods because they feel like trading should be technically complicated, due to the fact that success in most other professions is typically technically complicated.

However, in the world of forex trading, success is a result of thinking objectively on a consistent basis and having the ability to manage one’s emotions in an effective manner each and every day. Many people have a real problem controlling their emotions as they interact with the market, this is the main reason that most traders fail to make money as they trade forex. Aspiring traders also fail to recognize that trading with a simple trading method will contribute to their success due to the fact that it will help to keep them calm and level headed. Complicated trading methods tend to cause traders to over-think the markets and second guess their trading decisions. This indecision very often leads to emotional trading and can kick off a cascade of trading mistakes that lead to account blow outs.

* What forex strategies do work?

When we talk about forex strategies that work and that contribute to an objective trading mindset, we are talking about strategies that are built around simple price dynamics and chart reading skills. A forex strategy that works is price action trading. This is the art and skill of learning how to accurately identify and trade specific price pattern setups that form within the context of forex price movement. Price action setup trading involves aligning price action signals with strong levels in the market. These levels can be support and resistance areas, 50% retracements, or perhaps bounces from moving averages. The point is that we are looking for confluence; we first wait for the signal and then make sure it has at least 1 or 2 other confluent factors that give weight to taking the position.

Price action trading is a simple forex trading strategy that will positively influence your trading mindset and help to maintain an objective thinking pattern as you trade. It is important to get quality forex training from someone who has achieved success trading price action setups, this way you can streamline your learning and avoid the haphazard forex educational journey that most beginning traders take. Above all, it is most important for beginning traders to realize that they do not need to use a complicated forex strategy, and that this will only cause you to lose money in the end. Price action forex training will help you trade the forex market in a simple yet effective manner that will not require you to over think or over analyze the market. This is how professional trader’s trade and it is the quickest way to consistently profitable trading..

Getting Started In Forex – The Proven Best Strategy For Getting Started In Forex

February 7, 2013 by  
Filed under Forex Trading Strategies

The proven strategy for getting started in Forex trading – thousands of people every year get started in Forex trading. Thousands of people new to Forex trading every year make critical mistakes because they’ve cut corners and not followed the best strategy for getting started in Forex. This article will discuss the best proven strategy for getting started in Forex – what you need to do and what you have to know. Keep reading to get a FREE Forex trading lesson plus access to a $100,000.00 Forex demo account to get you getting started in Forex.

Getting Started in Forex Strategy One – when you are getting started in Forex trading it’s important to a realistic Forex trading strategy. To do this you need to know (and stick to how much money you are willing to risk.

Getting Started in Forex Strategy Two – when you are getting started in Forex trading it’s important to choose the best Forex trader. It is an ABSOLUTE MUST that your Forex broker is registered with the Commodity Futures Trading Commission.

Getting Started in Forex Strategy Three – when you are getting started in Forex trading be sure to have access to the most up to date and most important Forex tools to help you getting started in Forex. Various brokers have access to various tools. Only choose a Forex broker that has the best and most up to date Forex tools at his fingertips. The more access to Forex information that he has the better your chance at winning Forex trades.

Getting Started In Forex Strategy Four – getting started in Forex trading involves learning two different ways of Forex trading (technical and fundamental) and becoming as efficient as you possible can in the Forex trading strategy that works best for you.

Getting Started In Forex Strategy Five – when getting started in Forex trading it’s absolutely critical that you build a solid Forex foundation with a comprehensive understanding of the basic building blocks. Taking shortcuts here is not an option and will only result in Forex losses.

Getting Started In Forex Strategy Six – every Forex trader, even ones not getting started in Forex trading, should have a reasonable understanding of interest rates, international trade and the economy in order to predict movements in the current market..

Forex Secrets – Developing The “Anti-Chaos” Trading Strategy And Tactics At Forex Market (Part II)

January 31, 2013 by  
Filed under Forex Trading Strategies

It is horrible to imagine what could happen to USD rate at the spontaneous market in this case. At the controllable market of Forex USD rate would fall down just by 1-2%.

I hope that my opponents, who deny the existence of a system controlling Forex market, do remember the elementary economical laws. The spontaneous market is a barometer that establishes the real price of goods on the basis of the demand and supply (in the given case, it is the real rate of exchange of any national currency).

The Episode #2 . The hurricane “Katrina” and the flood in USA on September 7, 2005. USD rate stably increases. Chronicle of events.

As the result of the dam (dike) debacle, several states in USA become submerged. The industry, agriculture and transport network were destroyed. There started panic not only among common inhabitants but among officials of various ranks as well. Hundreds and thousands of people perished. There were cases of looting. Many looters (and, maybe, just desperately hungry and thirsty people) were shot by soldiers of USA army. The government of USA declared this hurricane to be a disaster on a national scale. For the first time a new plan of civic defense was introduced (see “BBC. The total chronicle of events”).

“Katrina” was bringing USA to ruin. Senators from Louisiana asked $250 milliards from the federal budget for getting over “Katrina” after-effects.

Thus, it is an illustrative example of the greatest natural cataclysms in USA in the last decades. Even the poorest country in the world – Haiti – provided the financial help for USA ($ 36 thousands). The help of Ukraine made 1 million of hrivnias , etc.

What did happen to USD rate at the controllable Forex market? Notwithstanding all economical laws and even against the common sense, USD rate increased!

Chart 8.7. EURO/USD pair movement (For view picture see notes in end of article)

Chart 8.8. GBP/USD pair movement (For view picture see notes in end of article)

Brief conclusions for traders .

As I think, the thesis that Forex has turned from the spontaneous market to the controllable one does not need further proofs. Hence, traders must introduce amendments into strategy and tactic of their work at Forex.

What are the conclusions, significant for traders, logically follow from these facts?

Under the new conditions of the controllable market, a trader must not follow the “crowd” (flock). As B. Williams, A. Elder and many other authors have fairly emphasized, the “crowd” pushes the price at any spontaneous market. On the contrary, at the organized Forex market orders must be opened in advance of Consortium’s interests!

I try to find the core of a good sense in each technique of the successful work at Forex . Is it necessary to rediscover the well-known principles? There are many prosperous traders who openly and honestly present their methods of gaining profits at Forex . If their techniques are successful, it means that these authors have a thorough grasp of the problem in its essence.

However, in practice, each of the techniques sometimes brings profits, whereas in other cases it is disadvantageous. And it does not matter, whether this technique is developed by B. Williams or by a not celebrated but a successful trader.

Conclusion #1. It is necessary to clearly delineate the domains where a given technique does work and where it fails (as well as the corresponding reasons). In such a way we can clearly understand what of the method by a given trader is worthwhile to be used – as well as how and when to make advantage of it for our work at Forex .

Conclusion #2 . Your trading system must not be just a mixture (farrago) of various techniques. This rule is especially important for the beginners. After reading heaps of books on Forex , all of them make complaints about “such a mess in their heads instead of enlightenment”.

Conclusion #3. A trader must develop his own trading system. In order to gain profit, the following steps must be taken:

a. you choose just any technique developed by any author-trader (e.g., mine or B. Williams’s, or somebody’s else);

b. you must get used to work with the demo account according to this technique to such extent of automatism that you “sense’ it as your own initial (original) trading system of the work at Forex

c. Only after this you should start to study additional literature. You must clearly see what pointes, “borrowed” from other authors, can help you personally to work at Forex , to improve your trading system for getting extra profits.

Objectiveness of Forex turning from the spontaneous market into the controllable one. The pattern of this process

Any profitable business transits from the spontaneous to the controllable one. It is an objective stage in the evolution of business undertakings.

In each branch of a big and super profitable business the initial stage of the chaotic competitive straggle is already has been passed through (petroleum, gas, ferrous and non-ferrous metallurgy, precious metals, arms traffic, etc.). At present all these areas are definitely divided between the principal participants. That is, there exist certain financially-industrial groupings, well-controllable and protected from intrusion of a concurrent.

The same concerns the biggest and most conservative area of business – i.e., its financial branch, the world market of currency exchange included. Can it be otherwise? Can “Chaos” rule the market where the turnover exceeds $1 trillion per day? Can the biggest banks and governments depend on “Chaos” – i.e., be dependable of the “off-floor” traders – such as me and you? Can these organizations be worried about the direction in which we (traders) could turn the trend of all national currencies at this or that second? It is ridiculous to imagine!

To realize the power of the grouping that has organized the “game” of Forex all over the world, we should refer to the thesis from the journal “Speculator”. In June, 2001 the three biggest dealers at Forex market – Citibank, J.P. Morgan Chase и Deutsche Bank – together with Reuters Group PLC had started up the system Atriax . However, the latter did not meet competition and stopped operations in spring, 2002. The author of the paper just hinted that even the alliance of the 3 biggest world banks could not make any serious competition to Organizer of the “game” at Forex (to Consortium or somebody else).

In this connection, how one can take on trust the principal thesis by B. Williams concerning “Trading chaos” that rules Forex? What’s important, all methods of this author issue from this postulate. The following conclusion by B. Williams’s also raises doubts. He states that trends are created by traders, whereas brokers just realize these trends and place traders’ orders. According to B. Williams, the fact that now trends are made rather “off-floor” than “on floor” (as it was earlier) permits detecting what next will happen at the market (see “Trading Chaos”, Chapter 6).

So, to what extent can B. Williams’s techniques be correct if their basis is principally erroneous? Let us enumerate the fundamental mistakes made in “Trading Chaos”. It is necessary to facilitate understanding of the techniques and practical recommendations given by B. Williams concerning the work at Forex .

1. B. Williams sees Forex as a spontaneous market, uncontrollable by anybody. According to this author, it is chaos but not an organized system that would have its own strategy, tactic, techniques, goals, methods of fraud, etc.

2. B. Williams mentions the pair “trader + broker”. However, unconsciously or deliberately, he has omitted the third participant of this very process. This is banks and the world financial system in general. Surely, this organization will not just take a detached view of the traders’ arbitrary “game” with the basic world currencies (USD, EURO, GBP, CHF, etc.).

Let us now evolve B. Williams’s idea by ourselves. Our aim is to demonstrate absurdity of his “chaos theory” applied to the up-to-date market of Forex.

· How brokers and banks market-makers can pay off profits from traders’ deposits if the traders’ total earnings would be bigger than the market-maker’s profit in this period?

· Being in shoes of market-makers, National Banks, governments of leading countries of the world, etc., how will you conduct yourself on the eve of the news issue? For instance, after the publication of Michigan University Index, USD can “go up” by 150-200 points with respect to all national currencies. That is, in several hours dozens of milliards of USD will be redistributed. Somebody will earn the money, whereas somebody will lose it because of the difference in rates of exchange (quotations).

What will you do in the place of the biggest financial groupings? Would you just be sitting and taking sedative pills? Would you just be trying to guess what steps will be taken by professors of a Michigan University? Will 0.3% be added to the index previous value (91.4) or subtracted from it? What’s important, this “difference” makes milliards of USD – for somebody! Possessing such capitals, would you just be sitting idly and waiting for God knows what? More probably, you will try to make this process controllable and predictable. Rather you will do your best to gain profit with the help of such indices and news. I think you will try to let the others lose their money.

· What does the theory of “chaos” at Forex represent by itself if Organizer of the “game” has trained all traders to act according to the stereotype?

a). To place stop-losses and postponed orders at the same places.

b). If the issued news are better than the prognostication, one must stake on “buy”. Otherwise (if the news are worse than the prognostication), it is necessary to stake on “sell”.

c). If a quicker moving average crosses the slower one upwards, the order must be opened on “buy”. In the case of the downward crossover, the order must be opened on “sell”.

d). In the case of divergence, one must try to work against the trend. B. Williams and other “classics” at least had to mention that it was basically absurd to work like this at the beginning of the trend and in the middle of it.

This is why the given chapter is named “Anti-trading chaos” – to be more precise, it is the anti-trading system.

Further I’ll not dwell on absurdity of the chaos theory by B. Williams when applied to Forex . I hope it is quite clear. Any trader can find a lot of evidences of the fact that Forex is a controllable market. There are also many examples that prove fallacy of B. Williams’s conclusion that traders form a trend and “push” it.

As I get it, the “game” of Forex and its rules in their essence are the following.

1. There is Organizer of the financial game (the Alligator) and participants (victims).

2. Organizer always tries to demonstrate: a). objectivity and honesty of the rules established by himself; b). simplicity of the analysis, predictability of the situations and the possibility of earning money easily and regularly by one of the numerous methods of the analysis (FA, TA, etc.).

3. All participants of the “game” are subjected to the same psychological treatment by Brokers, authors of numerical “classical” works on Forex and analysts via their sites and prognoses. That is, such specialists teach every trader to work as all others in the world do.

As the result, Organizer beforehand knows the traders’ line of conduct in these or those situations. The percentage of “players”-losers is stable – about 90%.

4. A rapid growth in the number of fraudulent machinations developed by Brokers has become a logical continuation of the above-enumerated rules of the given game. Economists from Brokers have quickly grasped that the number 90% of traders-loses is very close to the figure 100%. What for will they send clients’ transactions to the foreign market (the market-maker bank)? In fact, traders will lose all the same! Besides, it is possible to slightly “help” traders in their losing by “knocking down” stop-losses – all traders keep their stop-losses approximately at the same place. In addition, the following tricks can be done as well: the “slippage” (opening of transactions at a price much worse than the price at which the trader wanted to open the deal); computer “pending” at the beginning of the heavy movement in currency pairs. One can give many analogous examples – up to the undisguised fraudulent nonpayment of earned profits to traders.

These centers are also protected from the viewpoint of finances. If in flats the sums of orders of the traders who open transactions on “buy” and “sell” are approximately equal, Brokers can always hedge the difference between “buy” and “sell” with a market-maker under the condition of a heavy trend.

The only thing that cheats from Brokers are afraid of is the unmasking of methods of their work. Really, this will put an end to the afflux of new “victims”!

There are several sure signs of a fraudulent Brokers. In my educational course I enumerate some of such indications. However, here I give only one characteristic (traders should think about it well). If Brokers has one point of spread, you should calculate expenses on the marginal trade, in detail described in all “classical” manuals of Forex . For instance, let it be thought that you open the order for one lot. Forex Brokers supposedly buys EURO to the sum of $ 100 thousands for you. When you close the order, Forex Brokers supposedly transfer EURO to USD again. Thus, if you open 10 deals with EURO/USD pair during a day, your Forex Brokers is supposed to send money abroad and get it back 10 times, buying EURO for USD and v.v. All these transactions must be made exceptionally for you! Is it realistic?

In a next-door bank you should ask the conditions for the transfer of $100 thousands abroad and back. You will learn the cost of the commission for such services and the time required for this transaction (in half a day, the next day, etc.). Here I do not mention the papers that must be prepared for each transfer. I also say nothing about the time required for collecting all signatures.

I wonder, during this period of time what changes will occur in EURO/USD rate as the latter is altering every second?

5. To earn regularly at Forex, you have to master yourself. That is, a trading scheme must be developed. According to this scheme you will work against “generally accepted” rules. As it is already mentioned, these rules are popularized by Organizer of the game at Forex . Sticking to these rules, more than 90% of traders all over the world lose their money.

6. Developing my trading system, I have made use of numerous generally-recognized techniques of the work at Forex (by B. Williams, etc.). Surely, there is a kernel of good sense in any technique that enables earning money – even if in 50% of cases. Therefore, the trader’s task is to differentiate the conditions, under which a given technique can provide profit. It is also necessary to understand where, when and why this technique yields a loss to the trader. Naturally, a trader must use only this first part of the system, where one can gain profit.

7. For the development of your own trading system, you must do your best to organically integrate different techniques, profitable at Forex. Various methods of giving analysis to Forex from different viewpoints do help us to more thoroughly and profoundly understand this market and, consequently, to gain profit regularly.

8. The game of Forex is widely spread all over the world. In addition to speculators, there are other participants in Forex – e.g., individuals who need to exchange currency for their business. All these factors provide an objective opportunity to gain profits bigger (and more regularly) than in any other financial game of the world.

9. Therefore, Forex gives a real opportunity to get into the principally new financial market and to become a really independent. Anybody can be engaged in trading at any point in the world. For sure, a State, much as it would want it, cannot deprive a trader of his production facilities because in this area gaining of profit depends just on one’s techniques and skill.

10. Forex gives you just a chance to earn money. However, not everybody can learn how to gain real profit. Even after having mastered the fundamentals of making money at Forex , a trader needs to learn a lot of additional factors in order to transform his potential abilities into real money. In this connection the following aspects are very important.

a). the psychological stability (the absence of fear and hazard, the ability to work automatically at the subconscious level, etc);

b). a reliable broker (the trader’s profits, being virtual, materialize only if you can convert it into real money at any second);

c). self-perfection via mastering new techniques of gaining profit, learning from an experienced instructor and due to exchanging opinions with other traders;

d). the possibility of obtaining money from the investor for the asset management. This gives the opportunity to proceed from the level of one’s own deposit of several hundreds or thousands of USD to the principally new level of the work at Forex. In this way one can simultaneously reinvest a part of one’s profits into the deposit and to spend money on heightening of one’s own well-being. There is a simple example. At mini- Forex , many traders do not earn a lot of money: even if a trader has doubled his deposit in a month, his profit is small (e. g., by making $100 out of $50). Besides, a part of it he must take off from the deposit for the daily needs. I’ll not give examples of large deposits because the tactics of work with them are principally different – as well as the percentage of profit.

11. Not everybody can cover a distance from the chance (the dream) to its realization – i.e., to making real money at Forex . As a trader, here you work against Organizer of this game, who is the professional. That is, to earn money regularly by taking it away from Organizer, one must become the professional himself. Do not hurry to open a real account at least till the time when you will learn to do the following:

a). As B. Williams himself, in several minutes to clearly see two possible alternatives of currency pair movement at the beginning of each session. Correspondingly, you must develop two business plans, where points of input into the market and output from it must be clearly designated.

b). To work out one’s own tactic of the work with the demo account at Forex to perfection. The aim is to augment the demo account at least 2.5-3 times in a month.

c). To develop the long-term and intermediate strategies (not less than a month and a week, respectively) – as well as the short-term tactic (the intra-day trading session). Acquisition of this knowledge will help you to gain profit.

d). After opening of the real account, at the beginning you must work only with trends (under the conditions of flats you must deal with demo accounts). It is necessary to clearly distinguish one from another at the beginning of trading.

e). You must choose two ally currency pairs and work with them continuously, accumulating experience.

12. There can be reasons why your demo account does not augment regularly (in particular, maybe you are too busy at your main job). In this case, you better forget about Forex ! You must not open a real account there. It means that Forex is not intended for you.

By the way, there is completely nothing humiliating in the inability to make money at Forex . Some people do not understand technology, or literature. Others do not come to know fine arts, politics or sports, etc. Does anybody consider oneself inferior because of this reason? Surely, not at all!

Analogously, I perfectly well realize that the reaction to the last two items of my vision of the game at Forex can be inadequate. It will stimulate an immediate tide of slander and lies concerning me and my book. The reason is that I’m not an employee of BROKER but a trader. I try to understand recent rules of the game at Forex, its mechanisms and to explain them to others..

Forex-ology Simplified – 5 Unorthodox Steps of a Winning Forex Strategy

November 7, 2012 by  
Filed under Forex Trading System

First of all, I want to stress that this trading system of mine is no holy grail and anyone can use it successfully if they follow the rules of the trading system. I have been trading for years and this is one of my forex trading strategies that have helped me made profits consistently.

I have always kept my trading systems simple because it’s the simple system that works in this ever-changing brutal currency market. Surprised by that? Did you think that a successful trading system has to be sophisticated and difficult to use? Doing well from the forex market depends on how effectively the trader himself uses the trading system and not how good the trading system is.

So now I will reveal a forex strategy that I use very often to profit consistently from the market. After you read it, you may think that actually it’s such a simple system. But like I said earlier, trading should be simple, don’t complicate it. Below are the steps of my forex day trading strategy:

Step 1: Look at the main trend using daily chart. The first look from left to right of the chart should tell you it’s a down trend or up trend.

Step 2: After knowing what the main forex trend is, I will go to Forex Factory website to check for for any news releases. If there are upcoming news in 2 hours, I won’t even go to step 3 to look for trading signals because there is a high likelihood of whipsaws.

Step 3: If there is no news, I will put my forex trading plan into action. For example, if the main trend is up, I will only be looking for buy signals generated from my forex indicators, Vice versa if the main trend is down.

Step 4: Now this is the most crucial stage and my trading decision lies here. I use the crossing of 4 EMA (Exponential Moving Average) and 23 EMA to define buy and sell signals on the 30 minute chart. There are other indicators involved, the weekly pivot, Stochastic and MACD (Moving Average Convergence Divergence) must also follow the trend and cannot look flat. I filter whipsaws by trading only during high liquidity sessions and checking whether the trend is the same using 4 hourly chart. That’s all!

Step 5: The trade is set at a tight stop loss of around 35 pips while I have 2 methods of targeting profit. One is using healthy risk to reward ratio of at least 1:2. The second is using daily support and resistance.

That’s my successful forex trading system. It’s simple isn’t it? Of course risk management, money management and psychology should be combined in this trading.

Developing An effective Forex Strategy

July 19, 2012 by  
Filed under Forex Trading Strategies

People who have experienced trading in the forex market will all agree that it is not easy to make money in forex trade. Earning money through forex trading is not as easy as some may have thought it to be.

Many people are lead to believe that forex is easy money but this claim is only done by people who would like to sell their forex software. The truth is that even when you have all the forex tools you need, it is still up to you to make sure that you will earn money or lose some. Forex strategy is important in the forex trade no matter what level of expertise and what ever software you have. Here are some tips on how to develop an effective strategy.

Check out some websitesThere are websites that offer help in making an effective forex strategy. Most of them require membership. Others are offered for free but there is no guarantee that the strategy you’ll be able to make as effective as it can be. In the end the strategy is you own decision. You will be the one to make sure that the strategy you are using will produce the result that you desire. It is there fore important that you have a clear goal that is attainable and realistic at the same time. Attainable goal is pretty hard to define as forex trading offers indefinite earning opportunity. Realistic goal would depend on what you can do with the knowledge you have and maybe with the help of the tools you own.

Consult an expertIt is possible to develop you own strategy as you grown in knowledge as far as the forex trade is concerned. You forex strategy is a clear step by step plan of action that will result in realizing your goal. You may seek help from people who know more in forex trading than you do. This may require you to enroll in forex classes or mentoring course. Just make sure you got the right expert for your specific needs. There are many mentors that you can find in the internet. You will know how good they are because their refutation is acknowledged by many people in different websites. You could check out forums and discussion sites to look for these people.

Join a groupAnother way of properly developing an effective forex strategy is by joining a group with similar interest. There are many people in the web who would like to mingle with a forex trader like you so they could get whatever information they need. They in turn will give out valuable information about their trading experience which you may found helpful in developing your strategy.

It would not be very difficult to strategize if you are fervent enough to do it. The first step to a successful strategy is always a clear goal. Your goal will set you on the right track and will enable you to make right decisions. Whatever happens always go back to your goal and you’ll be on your feet again. Your forex strategy has to be flexible enough to allow changes and improvements as you go along the way.

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How To Use A Forex Strategy With An Automated Forex Trading System!

December 17, 2011 by  
Filed under Forex Trading Strategies

A forex strategy is a disciplined method to optimize the risks that are involved while trading and at the same time making maximum profits out of the favorable trades by finding the suitable entry and exit points. There are many strategies that are right used in the forex market. All strategies that are right now existing are all developed by the forex traders themselves. Every forex trader should have his own forex strategy. Otherwise the trader cannot make any profits from the trade and in turn will loose the money in the trades. So a forex strategy is very important to a forex trader.

May be now you have a question that, then what is the relation between a forex strategy and an automated forex trading system? Am i right?

Then let’s come to the point.

Every one feels that just by making an automated forex trading system run all the time can make lots profits. But which is actually not true. Particularly the newbie’s feel that way and loose their money in the forex trades.

When you use an automated forex trading system you should have a strategy for yourself otherwise you cannot make profits with automated forex trading system.

Let me explain you a simple forex strategy. We will use a simple algorithm: when the price of the currency crosses above the 12-period SMA (Simple Moving Average), it will be taken as a signal to buy at the market. When the currency price crosses below the 12-period SMA (Simple Moving Average), it will be a signal to “Stop and Reverse” (“SAR”). In other words, a long position will be liquidated and a short position will be established, both with market orders. Thus this system will keep the traders “always in” the market – the trader will always have either a long or short position after the first signal.

This a simple strategy where many forex traders use to make profits. Day to day the data of the simple moving average charts are available in internet at no cost. You can use this data to formulate your strategy. If you trade manually sticking to the above described strategy you will make some profits but not huge.

If you are using an automated forex trading system, then before making it run and trade for you, first of all find the point when the currency moves above the 12-period SMA. As and when you find the point then you turn on your automated forex trading system to make trades for you. Since automated forex trading systems are more accurate than the manual trading your automated system will make more profits taking every chance of dip and rise in the forex market from that point of itself.

This is how you need to apply your forex strategy with automated forex trading system to make more and consistent profits even while you sleep.

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Forex Strategy Site

August 16, 2011 by  
Filed under Forex Trading Strategies

Time and again we have been advised to become apprentices in order to succeed in life. We are told that this is the same principle that the world’s richest man applied. It is still the same principle that Donald Trump preaches and tries to incorporate into his workforce and various other individuals. Without it Bill Gates would not have been a successful computer hardware and software wizard.

Most entrepreneurs prefer trading on the forex market since it is more liquid and fun-filled compared to the other types of trading. This is because employment of the best forex trading strategy enables individuals to make huge profits within the shortest time possible. Such tactics can be accessed from profound forex strategy sites. There are various forex strategies in the market however this article will elaborate on a forex strategy that definitely works by making individuals instant millionaires if appropriately implemented.

Newbie forex exchange traders usually rush to get the current forex exchange paper to gauge the performance of the shares in the market. They claim that this gives them an idea of the stocks to trade in as a clear picture of the stocks trend is painted. Therefore, they go ahead trading real funds and buying and selling forex market papers. However, the recommended, outrageous and most successful forex strategy should be a study of the forex market charts.

These charts display previous trends that may occur in the current market. This presents a perfect chance of analyzing forex trading strategies that maybe implemented to enable individuals tackle the market and make loads of money as profit. These charts contain 20 years of wisdom that if appropriately implemented will make one earn enough money to sustain him within a very short timeframe. In fact they can genuinely and comfortably use their income to trade on the forex market.

Moreover, by analyzing these charts individuals will not only acquire forex strategies they will also be able to save time, money and power. Furthermore, these charts can be studied at anytime from any place unlike purchasing forex papers. Individuals neither face stress nor pressure to study certain types of charts at a specific period of time or place. In addition individuals will be able to curb incurring losses by formulating sound forex trading tactics to implement before they commence on actual trading activities. Information gathered can also be used as a future forex strategy to gain current market details and make huge profit margins.

Most of you will agree that with the current global economic crunch and trend this forex trading strategy will be quite useful. Entrepreneurs that rely on this tactic will confidently attest to the effectiveness of this forex strategy. In fact they made more profit from trading on the forex market unlike most of their counterpart apprentices that suffered severe losses. Therefore, if you are planning to undertake forex trading as a sideline to your income source implement the discussed strategy. You will not only become a successful apprentice but have found a perfect means of investing your income to make lucrative money.

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