Scalp the accessible way - Keep it simple and abridged the pips Video Clips. Duration : 5.73 Mins.
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The Parabolic/SAR indicator was developed by J. Welles Wilder in 1976. It is often used to select trailing price stops and is commonly referred to as SAR (Stop And Reversal).
This indicator aims to signal the reversing of a trend, thus providing traders with a good tool for choosing trade exit points. The unique feature about the parabolic indicator is that it takes into account both the factors of time and changing prices. Most traders unfortunately focus mainly on prices and ignore the effects of the passage of time.
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What Does The Parabolic/SAR indicator look like?
Unlike most other indicators, the parabolic indicator is not a line on the trading chart. It is actually a series of dots that are located either above or below the chart candlesticks or bars. When prices are moving up, the parabolic dots are located below the candlesticks. When prices are moving down, they are located above the candlesticks.
How Effective Is The Parabolic/SAR Indicator?
Although this indicator is pretty effective in identifying trend reversals, it works poorly in ranging (i.e. non-trending) markets. In ranging markets, you will find that this indicator will often give false reversal signals, and may cause you to prematurely enter or exit into trades.
The parabolic indicator is actually a very useful indicator to adopt in the Forex market, mainly because the Forex market often trends strongly. When market prices soar (or crashes) without a retracement or pullback, it's quite hard for traders to choose a good stop-loss level when using other indicators. With the parabolic however, you can easily place your stops near to the parabolic "dots".
Non-directional trading is fascinating. You know, the idea to be able to make money no matter witch way the market goes. That sounds wonderful! You'd make money no matter what.
Options trading has its version of this. It's called delta-neutral trading. Funny thing. It never seems to work just right.
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It's the same in forex. There is a catch. (Dang, you just knew there had to be one!) The problem with non-directional trading in forex is it doesn't have a clearly defined edge in the market. You could end up in a hedged loop forever (you are always negative pips in a hedged loop).
That's the theory. Nonetheless, many people do it and do it successfully. Let me give you the bare bones method here. You decide for yourself.
You enter the market (let's say you buy). If the market moves 15 pips your way, you exit. That's your profit.
On the other hand let's say you bought, but the market fell 15 pips. Now you don't exit, you put in a hedge order. If the market keeps falling, you close out the hedge order at a profit and work the negative buy order up to break even and exit it too.
Now the problem happens when the price doesn't allow us to neatly close out the hedged order. We may have to rehedge. Now we've paid the spread 3 times, plus we're negative 30 pips.
That's how non-directional trading works. Sure (in theory) you don't care which way the market goes, but that doesn't mean there's no risk.
For the last 12 months, Forex traders by the thousands have begun switching from "normal" Candlestick and Bar charts over to Renko Charts. This begs the question "Why do Forex Traders prefer Renko Charts over Candlesticks and all the other normal charting methods?"
The answer is simple: Renko Charts remove all the noise and confusion that are a common part of Candlestick and Bar charting, and allow Forex traders to easily spot the beginning and end of literally every short and long-term trend that develops on a Forex chart.
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One of the undisputed truisms about Forex trading is that the Forex pairs trend better than any other investment vehicle around. A key to successfully trading any Forex pair is to get into a trade when a new trend develops and ride it out until the trend collapses.
The problem faced by Forex traders is that Candlestick and Bar charts do a poor job of identifying trends 80% of the time. A choppy market can result in a half-dozen or more 15 minute Candlesticks with small bodies and large wicks on each end, with no trend visible.
For instance, if you were to look at a 15 minute Candlestick chart of the EUR/USD for the time period of 9:00 a.m. to 12 noon Eastern Time on July 12, 2011, you would notice that price remained in about a 40 pip range, with no distinct trend apparent. If you were trading off of the 15 minute charts, in all likelihood you would not have placed a single trade due to the lack of any strong signals being present.
Renko charts would give you an entirely different view of this same time frame. Because Renko candles only close once price has moved "X" number of pips in one direction (and you can set "X" to any pip size you desire) instead of seeing a period of erratic price movement you can now see several trade opportunities within the high and low prices that make up that price range.
Looking at the same time period from above using 5 Pip Boxes on the Renko Charts, you would have seen 8 trades develop, each one moving into profit from 5 to 25 pips before stalling out and turning around. Renko traders easily made more than 60 pips profit during the same time frame that Candlestick and Bar Chart traders deemed untradable.
No longer are Forex traders forced to sit for hours waiting for a single trade signal. With Renko Charts, traders can now find as many as 5 or 6 trade opportunities in a single hour, where Candlestick and Bar chart traders see none. For those Forex traders who have a limited amount of time to trade each day due to jobs and other outside time constraints, Renko Charting is the answer to their prayers.
How to barter Fibonacci Ratios profitably and accomplish money Video Clips. Duration : 5.90 Mins.
Fibonacci ratios, extensions, and retracements are respected world wide by retail and institutional traders for their predictive ability and accuracy. The fact that millions of traders are using them, following them, and reacting to them makes them even more powerful. Watch this powerful tutorial and then take our 3 day trial offer
Forex trading means trading currencies of different countries against each other. It is generally done through a broker. As a forex trader you can make the choice of currencies that you want to trade in. Profits are booked based on the appreciation of your currency against the one that you have traded.
Forex trading online is very easy and uncomplicated. Placing orders takes a few seconds and can be done with a few clicks on your computer. Trading in a currency market gives you some unique advantages compared to any other market. Since the forex market is a world-wide market, trading goes on for at all times since there is a market in operation somewhere in the world at any given point in time.
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Forex trading is high on liquidity. Large amounts of money can be moved into and out of any foreign currencies without affecting the price movement in a huge way. The cost of a transaction is built into the price which brings down the overall cost of transaction to bare minimum levels as compared to stock exchange markets, where you have to pay a significant value of your profits as brokerage.
Forex markets allow liberal levels of leverage to the traders. This allows them to trade more money on the market than what is available to them physically. In some instances with a capital of just 00 you can control a trade of about $ 50,000. Also, in forex trading you can make profit from rising as well as falling prices as there are no restrictions for directional trading.
There are some common mistakes that need to be avoided to be successful in forex trading business. The biggest mistake that most traders do is using too much of leverage when they have a small capital. Slight movements against their position can result in huge losses and recovery can be difficult. Some new traders indulge in over trading in their enthusiasm to trade in anything that is available. This can result in too many trades and loss of margins.
Picking the right top and bottom that a currency will touch is something that can be predicted with a lot of experience. New traders often fall into the trap of making erroneous guesses and can end up making losses.
Forex trading is a market with immense potential for those who are patient and can read the markets well. You need to wait and watch the currency movements before moving in to make a profit.
I've been asked the question does anyone actually, really make money in forex? The answer to that question is yes, but that's not really the question is being asked. The question is really being asked is, "Can I make money at forex?" I wish there was a simple answer to this question, but there really isn't. It really depends on the person and have dedicated they are. It also has something to do with intelligence. For example when something's not working, what needs to be done to fix it, or what needs to be tried next.
Nothing will work right always the first time, and that's where the valuable skill troubleshooting comes in. In other words, the trading method that you're testing is losing money. Why? What needs to be changed or modified? You won't be any good at answering these questions right away. There will be some fumbling around as you learn the market and how it responds to various actions. But there's hope for you yet provided you begin to pick up what you need to do better and right.
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So when I talk about intelligence, I don't mean that you need to be a genius. More than anything, you need to be a troubleshooter. So can you make money in Forex? I don't know, but you do. If you've got the patience to figure out why things aren't working when they don't (in other words, when you're losing money), then you stand a good chance at being ultimately successful in trading forex.
Forex Trading - Does Anyone Really Make Money in Forex?
Forex AutoMoney and Forex AutoPilot are two programs which serve Forex traders of all levels (especially the beginner and intermediate ones). Yet the 2 are very different from each other. In fact, apart from the fact that both can help you to make your Forex endeavor vastly more profitable, there isn't much similarity to be found between them.
So, the question is: which one is better for you, Forex Auto Money or ForexAutoPilot? Let's see what each of these services is...
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Forex AutoMoney
ForexAutoMoney is a Forex trading signal provider. What this means is that the members of the Forex AutoMoney club receive Entry and Exit points into and out of the Forex market. You simply login to the member area of ForexAutoMoney, get your signals for whichever forex pair you wish to trade in (currently, this service deals in 18 currency pairs), and make the recommended trade at the recommended time. The basic principles are that you make the trade yourself (which means that this is a service which works with any trading platform) but you base it solely on the recommendation of the Forex autoMoney experts. This saves you a lot of time monitoring the markets and looking for signals yourself.
Forex AutoPilot
ForexAutoPilot is an entirely different story. This is an automatic trading program. It actually makes the trades for you automatically. You don't even need to be in front of the computer. However, this program only works with MetaTrader 4 Broker platforms. It also removes you almost completely from the trading cycle which some people dislike since they like to have more control over their trades. One more thing you need to know is that with Forex AutoPilot you may spend a long time between trades as the software makes a trade only when it analyzes the market to be right. With Forex Automoney you get at least 6 signals each day.
Each of these 2 tool has highly positive reviews and can be used to increase your Forex profits.
Finding the perfect Forex tool or system to work with is very important. To use the metaphor of going to battle, your Forex system is your shield and armor when facing the army of other traders who are all after the biggest piece of the same pie. Two Forex products which have a great degree of popularity are Forex Auto Pilot and Forex Avenger, yet they are inherently different.
If you were to choose between these 2 tools, which would be the right one for you? Obviously, you could use both, and as they are both affordable, this may not be such a bad idea, but if you were to choose just one of them, you need to know the basic differences between the 2 to be able to make an informed decision.
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Forex Auto Pilot
This software is one of the most popular automatic trading programs in the Forex market today with thousands of users worldwide. It operates in a full automatic manner, meaning that it actually places the trades for you after scouring the markets for entry opportunities. This makes it an extremely comfortable and effortless way to trade the markets, though it does have a learning curve to set up and operate fully. Such an automatic program can actually work for you without you being in the room at all.
Forex Avenger
Forex Avenger is a manual trading system. This means that it is you who does the actual market analysis and placing of trades, according to the system specifications. However, Forex Avenger is a system which is easy to operate and doesn't take too long to do so. It shouldn't take more than 20 minutes each day to set up for the following day's trading (After you learned the system, of course). This product gives you more control over your trades than working with an automatic tool like Forex AutoPilot does and so may appeal to you more.
Naturally, run each tool that you get through a testing period to make sure you're operating it correctly before beginning to trade heavily with it.
Is the Megadroid forex robot the key to instant forex trading success?
If you are like me and still fairly new to forex trading, you may well have looked into using a trading robot to help you get started. I myself spent months trying to find the key to manually trading for profit, before I eventually tried automated trading.
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It wasn't just that I couldn't find success trading manually, it was finding the time when I had a full time job and a family eating up most of the day. I would sit hunched over my computer late in the evening, exhausted and in need of some rest, and start staring at forex charts.
I knew I was never going to be able to ditch my job and trade forex full time at this rate, and I realised my catch 22 situation:
I couldn't quit my job till I was making money trading forex, but I couldn't find time to learn forex without quitting my job first!
It's hard enough to make profitable trades when you only have a limited amount of time to spend watching the markets, it's even harder when you are tired. So, I decided it was time to try the Megadroid forex robot.
Early results were promising, as it made a few profitable trades over the next few days. It wasn't enough for me to be able to quit my job, but I saw a glimmer of hope. Over the next few months I tried raising the risk/profitability settings, and the robot reacted by taking more trades for higher profit.
What the Megadroid forex robot did was allow me to spend the spare time I had to learn more about trading manually, and I now use a combination of both manual and automated trading in my new full time profession!
The Megadroid Forex Robot - Don't Give Up Your Day Job Just Yet!
The cash flow and the volume of trading done every day throughout the world, is proof of the magnanimous proportions that the online Forex trading market has developed into. Almost every country has started services and authorized trading in the world. This is a reason enough for the millions of people being attracted towards the Forex trading platforms.
Platforms have been a contributory force for the popularity of the portals as they allow the interested investors in knowing about the realtime changes in the currencies. They are also easy to be operated. Through any computer with internet connection or through mobile phones even, platforms can be accessed, anywhere and anytime. This has increased the popularity of trading platforms for Forex market and more and more people are registering themselves in the Forex trading platforms. To lure the customers, more and more trading platforms are giving sops and other facilities, so that the investors will be benefited due to the platform.
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1) Automated Forex trading has been one of the very recent formats of trading, which has made the work easier for most of the investors. This system helps in putting the strike at put and call price automatically without the continuous presence of the investors. Trading systems which are being automated are being preferred by people and are becoming the demanded platforms.
2) When selecting the trading platforms, people should take care to read through the various clauses and conditions. To assess the claims, people should know about the terminologies to some extent and this information they can elicit from the internet, where many resources are found, which talk about the Forex trading.
3) Sometimes, many platforms extend the benefit of trading software, for the purpose of maximizing the profits. This software is meant to identify the points at which the Forex market would behave in a positive way, so that people can make an investment there. Any platform that claims to provide an exactly accurate prediction is probably going overboard in terms of predictions. They shouldn't be believed in the entirety, because online Forex trading is a mix of profits and losses and not only profits all the way.
Many people have made a mistake of miscalculating the intentions of the Forex trading systems or software. These are actually meant to give out values which are ranges between which the currency ratios will fluctuate. With detailed analysis and calculations of past trends, people will see that the trading platforms are places which will help in the process of trading by providing robots, software, automated systems, and realtime access. But it is the investor himself, who is going to make the final decision. Lounging on the bed and not paying attention to the market is not going to earn profits.
Online Forex Trading Maximized With Right Trading Strategies On The Authentic Forex Trading Systems
Many Forex traders like to use technical analysis to help them make trading decisions. In this article on technical charts, I'll discuss the uses and implications of the triangle candlestick pattern.
What Is A 'Triangle'?
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Triangle patterns are relative easy to identify on the trading charts. It is formed by price action that is bound within two converging trend lines. The resistance line should be sloping downwards while the support line should be sloping upwards. The market price should be 'bouncing' between these two trend lines, alternatively hitting the top and bottom of the 'triangle'. A minimum of four 'bounces' should be observed before this triangle formation can be considered a reliable pattern to trade with.
Triangles are most effective when observed during active trading hours with high liquidity.
What Is The Significance Of A Triangle?
The triangle candlestick formation indicates intense competition between the buyers and sellers. It shows that they are aggressively fighting each other, with the winning side to be declared once the other side loses its buying/selling pressure.
It may help to liken this concept to the compression of a metal spring. Imagine yourself compressing a metal spring: as the spring comes under increasing pressure, it becomes harder and harder to press it together. Once you let go of one side of the spring, it will jump out in the direction of the release.
This is similar to how the triangle formation pattern works in the Forex market. As prices fluctuate (or 'bounce') less and less wildly, it shows the increase of pressure buildup in the market. When either buyers or sellers give way, prices are likely to shoot strongly in favour of the other (i.e. stronger) side.
How To Trade With Triangles?
Most traders will wait until there is a breach of either the upper or lower trend line before entering into a trade. Because no one will know in advance which side (i.e. buyers or sellers) is stronger, many people prefer to let the price action show them.
The moment prices close above the resistance line, they buy. If prices close below the support line, they sell.
The investor in the currency market takes for granted that a pair of currencies can be bought or sold at a moment's notice. Once an order is placed with a broker, the trade is executed within seconds. It is, of course, not as easy as that.
Whenever a pair of currencies is bought or sold, there must be someone at the other end of the transaction. It is very unlikely that the investor will always find someone who is interested in buying and selling the same two currencies at the same amount, and at the same time. Hence, the question remains, "How is it possible that the forex investor can buy or sell at any time?" This is where the forex market makers come in.
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The forex market maker is a bank or brokerage company that stands ready, every second of the trading day with a firm bid and ask price. This is good for the investor because when the investor chooses to buy and sell a pair of currencies, the market maker will purchase from and sell to the investor, even if they do not have a buyer and seller lined up. In doing so, they are literally "making a market" for the currencies.
Forex market makers ensure that the market is always functional and that the currencies in it will always fetch the market rate. Forex market makers do so by updating their prices at intervals of at least 30 seconds and undertaking to trade if this is requested. Forex market makers must fulfill their obligations irrespective of whether the economic situation is favorable or unfavorable, or whether they lose or profit by doing so.
Typical forex market makers include Gain Capital, CMS Forex, Forex Capital Markets (FXCM), and Global Forex Trading, all of which are regulated by the Commodity Futures Trading Commission (CFTC) of the USA. Another prominent forex market maker is Saxo Bank, which is regulated by the Financial Services Authority (FSA) of Denmark.
Until recently, central banks, commercial banks and investment banks dominated the forex market. Due to the entry of forex market makers, other market players like international money brokers, large multinational companies, registered dealers, global money managers, and private speculators have entered the market in large numbers.
The Weather Report: Ichimoku Cloud Trading Video Clips. Duration : 6.15 Mins.
View full webinar: www.fxstreet.com Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud. An extract of the webinar hosted by Chris Capre, Founder at Second Skies LLC
I have been involved in the forex market many years and I am here to give you some of the best forex trader tips. Trading forex takes a lot of confidence and risk. But thanks to technology and some of the best forex traders, systems have been developed to guide people through the forex market without knowing much about the field. These are known as forex robots. I am a huge fan of these robots because they make over half of my entire income.
You must remember to always choose peak hours when trading. Peak hours are the times when high volumes enter the system and how positive or negative the market can affect the currency. The reason forex robots are so powerful is because they know exactly when to trade (Example: During Peak Hours) and will only move money if there is a big chance of profit.
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Remember that you are never guaranteed to make a profit while trading forex. You always have a chance of loosing money, but with the proper software, the chances are small because the best forex traders in the world control what trades they make.
To be able to get the good results you want, you should practice discipline and good routine when it comes to trading. You should not rely on a robot for everything. You should study how the system trades, and build on the techniques it uses. This will make you so much more knowledgeable in the forex market and teach you how to trade forex without a robot. Otherwise, you will only get stressed and unfocused until you lose all the things you endeavored for.
Franklin Forex Indicator Set | NinjaTrader Tube. Duration : 20.38 Mins.
The NinjaTrader Franklin Forex Indicator Set is a comprehensive set of Ninja Trader indicators specifically designed from the ground up to trade foreign currency pairs. For more information, please visit: www.forexninjaindicators.com
Forex street is that in the foreign exchange market, forex trading where it is made. You do not need a genius to operate successfully on the international market. Just learn the basics in order to obtain profits in currency trading and foreign trade are great profits if you are successful. Trade is always something to be used by forex traders for wall street to earn money. The exchange of forex trading foreign currencies is, and is also known as a trading spot or futures trading. Theforex trading is difficult to understand but it is easy when you know the basics.
To succeed in the forex street you have to know the basic trading techniques, the main mechanism involved in forex trading is purchasing and selling of foreign currencies at large profits. If a trader is having two countries currencies, the trader have a brief idea about the rises and falls of currency value to get profit. Trader will purchase the currency and sell it back when its value rises. This is a perfect way to get large amount of profit.
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But the forex street fluctuation can not be determined perfectly by an ordinary person. Even small fluctuations in the market can affect the profits. To acquire knowledge on forex trading you must have to learn forex. You can get training on forex in online or by using the materials and information provided by many websites. Only then you can get knowledge on the economical factors which influence the foreign exchange market.
This trading has similar chances of getting profits and losing money. When you are able to guess the patterns of variations of currency values you can get good profits. So, don't lose your money with lack of knowledge, get the knowledge and earn profits in trading successfully. Hoping you can achieve good profits.
7:22 PM
Forex Bond
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