Tuesday, March 22, 2nd Trading Strategy. How do we choose a Profitable Strategy? You can get so many good and profitable trading strategy by surfing the internet, so much so we become confuse which strategy to choose. My advice is not over do it! By the away is there any best strategy in the market? The answer is no! There is no best strategy and not all suit everybody. One strategy might be working for you but may not work best for me. There is of course blogspot lot of Free Forex Strategy in the market that these are only good if they can fit in your desire. However, I believe this system is not new in the market. The system must have been widely spread over the forums and internet. The most important part is it works to a certain extent. Somehow, traders still go for a complicated one. How do we go about? It is imperative that we establish the market trend first. How do we achieve that? Go for the 4-hour chart and the 1-hour chart. Identify the main trend. If both the 4-hour chart and the 1-hour chart indicate an up-tend, go only for LONG on the minute chart. On the other hand, if the 4-hour chart and the 1-hour chart are trending down, go for SHORT on the minute chart. By looking at the main trend first, we stand a better chance to win a trade by moving along with the current market direction. The main trend is the best friend. Make the following adjustment to the 4-hour chart to identify the main trend. Once you've established the trend, go back to the 15 minute chart to make some minor adjustment. The minute chart looks almost similar to the 4-hour chart, except for the fact that it has been added a MACD histogram 12,26,9 as shown below. We want to catch trends early so the MACD histogram must be negative. We want to catch trends early so the MACD histogram must be positive. If the stop is too wide for you to keep within your money management rules, simply stay out of the market! Try not to go more than 30 pips. One last advice, try as many strategies as possible but they MUST be in demo version until you get the best of the best. Technical analysis is a skill that improves with experience and study. Always be a student and keep learning. I guess that is all for now. Till we meet again. Posted by InStyle15 at 7: Share to Twitter Share to Facebook Share to Pinterest. Tuesday, March 15, First Trading Strategy. A lot has been said about Forex. Some see Forex as a get rich quick investment. Some say Forex trading is a risky business. To be success in Forex will not solely depend on your good method and strategy but discipline to execute it. It is a norm that we bound to have losses as well as gains as we go along but the main objective is to gain more than you lose, over time. Forex can be a difficult market to make money but with the right attitude and strategy you can. A good strategy means knowing how to identify a currency that is ready to go up in value, how long to hold on, and when to sell it. You can develop your own strategy by trial and error but why choose to do this when you can use someone else's that has already proven itself. For new comers in Forex, do not attempt to experiment your self-developed trading strategy too soon as you might drain out your money in no time. It would be ideal to seek professional advice of some trading experts. Many trading agencies offer online services in this regards. You may consider buying outside program or get books that will help to strategize your trading need. There are a lot of useful books out there that will help familiarize you with the market and teach you how to become successful. The above are mere suggestions that I feel necessary to get started, with a view to minimize the risk as much as possible, and to maximize the profits margins. The name of this program is KuasaForex Strategy. Feel free to download it. The program is absolutely free. The most important part in any foreign exchange trading is the entry point. Good entry point leads you to profit, but on the other hand bad entry point makes you a looser. Follow these simple rules of thumb, never trade against the trend. Be observant and know where to enter and when to enter a trade. The software will advise you where to place the Stop Loss, what currency to buy and when to trade and it is usually very accurate. I would say KuasaForex Blogspot as one of the most reliable forex collection that I ever had. My last advice is stick to a low margin. Brokers allow leverage, so if you have leverage of say, Leverage is good when you're winning but bad when you're losing, so use it cautiously. Hopefully you have found some useful information in this article. In my next topic we will discuss and give you some tips that will help you to develop a good trading plan. Posted by InStyle15 at 8: Sunday, March 13, Trading Forex For Newbies. First of all you have to strategy a forex broker to open a trading account. Of course there are thousands and thousands of forex brokers around. But how do we go for the best forex broker? What are the criteria that we look into when we search for the best forex broker? Let's take a look at some of the brokerage company below. How do we decide which forex broker to choose? After completing all the formalities, it is time to decide on the forex to play. You will need to know about the currency being traded in the Forex Market. Btw, do you know that there are at least 12 different currencies that are being traded at any one particular time. Out of these only 8 popular currencies are commonly traded. The most popular ones are the currency of New Zealand, Switzerland, Europe, Great Britain, Japan, Canada, Australia and the United States. Each one of these is identified by a three digit identification. The three digit identifier for each of these countries is as follows: All these currencies are also known by their nicknames, example of which are: You also need to know the currency name as well. They are as follows: In plain language, it basically means that for every one U. In other words, you get 1. The above are all the basic things that you need to know before indulging yourself with forex. At least you've a basic idea of the terminologies used, symbols, history of the foreign exchange market and the monetary system around the world. The next thing is to equip yourself with the market activity, market trends, financial instruments, and the psychological factors that affect the market. The ability to understand forex charts and graphs is of utmost important. You need to familiarize yourself with the trading platform. The trading platform is free to use. It also allows users to practice with the demo blogspot. Forex trading is a skill that needs to be practiced and perfected. The best way to learn forex trading is to practice. Currency traders use price charts to decide when to go into the market either to make market entries or exit. The decision derives from the market signal obtained from the technical analysis study. The signal will indicate how strong a trend is as well as how long it will last. In the world of Forex, there are many tools that can help you decide when would be a good time to trade, some of these tools that are worth knowing about are Bollinger Bands, Moving Average MAStochastics and Relative Strength Index RSI. Moving averages are one of the most popular indicators and they are used to confirm whether a trend exists or not as well as whether a trend is about to come to an end. The types of moving averages are simple, weighted and exponential moving averages. Stochastics are used to find out how long a trend will last and when it will come to an end and move in the opposite direction. There are two kinds of stochastics i. RSI is used to deduct the pace of an upward or downward movement of price and normally ranges from 0 to Traders normally verify RSI signals with additional indicators. The secret to learning how to trade forex successfully lies on the strategy applied. Different people have a different set of strategies depending upon their budget, needs, comfort with risk, and ultimate goals. One way to ensure that you have the right trading strategy would be to perform a series of practice trades. Basically, that means you would simply log trades in your PC without putting any monetary investment into the equation. Go ahead and perform your trades and see if you have the right strategy in place without risking any money losses. This process surely requires a bit of patience but worth trying. At the end of the day, you do not lose a penny even if you lose the game. In my next article, we will look at one Forex trading strategy which is simple to understand, easy to apply and certainly makes money. I'll show you some of my personal collections that I've been using recently. This strategy so far works fine with strategy and if you learn it correctly, I trust you too will soon be making profits. Hope you enjoy the article. Posted by InStyle15 at 9: Trading Forex For Newbies. Thursday, March 10, Getting Started Forex Forex. Welcome back, Whatever it is, be it the existing users or new users, the trading requires a 'MetaTrader 4' platform However, for this tutorial I'll be using the FXCM Trading Platform as an example. In order to trade in the financial market, traders need a trading software called a MetaTrader4 platform. This is a free package program and available from a wide selection of Forex brokers. This program is specially designed for online trading in the Forex market. There are plenty of forex trading brokers which offer more than one forex trading software to their customers. Some of these trading software can easily be operated online. There are also some software blogspot you have to download on your PC so that you can use them. For this tutorial, we shall use only MetaTrader 4. The software itself offers so many strong features. The built-in technical indicators enable you to analyze securities' quotes, make trades and develop trading strategy. Please note that the trading platform be it for a live trading or practice account forex exactly similar. New Users If you do not have MetaTrader 4 installed on your computer then you can download a copy here and requesting a 'practice' account: Please note that you are free to use any MetaTrader 4 broker you wish. There are plenty of MetaTrader 4 brokers out there but, for this particular tutorial I shall be using FXCM MetaTrader. What is forex Trading? In plain language, Forex trading is to buy one currency while simultaneously selling another. In other words you are exchanging the currencies. In this case, you can buy Euro and sell Strategy dollar and similarly, you can sell Euro and buy US dollars. For new comers, you'll have to live yourself with the jargon and terminologies which a trader must know before start trading. Some of the common terminologies are: So, let us begin! If you visit the link above then you will be directed to a new screen similar to the one shown below. Click on Submit button. Strategy new screen will then appear. Click on 'Download MetaTrader4'. Below image will appear on the screen. After a few seconds, the screen below will appear. Click on the 'File' main menu. Select 'Open an Account'. This will navigate you to the following screen. Below is an example how to fill-in the details. On completion, check the box. Your account is now created and ready for trading. After a while, the below screen will appear. This will navigate you to a new screen. Click Update and Restart. Getting Started With Forex. Dream Submit Free to over 50 Search Engines. 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The emptiness in the house of Compson and the absence of love in the family made one sure thing, that is to make both the parents in the house both indifferent and ineffective.
Individuals around the globe are arranging parties, close flame light meals and are eager to go to the numerous firecrackers shows that just get to be greater and better with each New Year.
The emptiness in the house of Compson and the absence of love in the family made one sure thing, that is to make both the parents in the house both indifferent and ineffective.
Individuals around the globe are arranging parties, close flame light meals and are eager to go to the numerous firecrackers shows that just get to be greater and better with each New Year.