Thursday, March 29, 2007

Perfect For The New Currency Trader

A mini Forex trading account is extremely helpful for a new trader who is more interested in developing a disciplined, rational trading strategy without focusing entirely on profits and losses. When you start Forex trading you can begin with a paper trading account with which you can understand how the market moves and you can develop more skills and knowledge about this trading account. Once you are successful with the paper trading account then you can move in for the mini Forex trading account.

Juan Saton
FGT TEAM

Wednesday, March 28, 2007

Your Ticket To Financial Freedom And Personal Wealth

Many people are indulging in forex trading as it is a continuous business that can generate substantial income.The secert behind successful forex trading is discipline and a good understanding of currency fluctuations and market volatility. To gain a superior edge, the trader often seeks out a mentor who has both the experience and acumen to reveal trading systems and techniques to them. With modern technology and a suitable mentor, everyone can become a successful forex trader.

Forex Trading Mentor

Tuesday, March 27, 2007

Tips For Developing A Systematic And Consistent Winning Blueprint

If you trade forex, you need a trading plan if you wish to become a consistent winner and to be able to make trading decisions fast and accurately.Go for trading blueprints developed by actual forex traders who are known to be making profits, and consider plans that are easy to follow and robust under most trading circumstances. Your success or failure as a trader depends greatly on your trading plan. Give it your maximum attention and consideration.

Forex Trading Strategy

Monday, March 26, 2007

How To Achieve Maximum Profits In Your Forex Trading

If we wish to extract the maximum gains from forex trading, we should be more concerned on our inaccurateness as this factor impacts upon our profitability.We need to consider its risk to reward ratio for that forex chart pattern. At the same time, we need to back test it to gain confidence whether there is a high win to loss ratio for the sighting of that forex chart pattern. A high win loss ratio will allow us to trade with confidence and extract maximum gains out of any trade.

FOREX TRADING

Sunday, March 25, 2007

Forex Trader- Master Your Setup, Master Thyself!

To become a profitable forex trader takes some hard work - the keys to success involve a mastery of the technical setups that result in large profit swings and a mastery of self. It is when you can master your self, the emotions and have the discipline to execute a well thought out plan of action that success will follow. There is no necessity to re-invent the wheel, but to follow the footsteps of successful traders would accelerate that transformation of a mediocre trader into a profitable trader.

Forex Trading Strategy

Friday, March 23, 2007

Forex News Trader - How To Trade Forex Using News and Economic Releases

By studying into high probability trade setups that has occurred consistently with the release of historical economic data, the forex news trader can devise strategies that can allow him to extract fast profits from volatile movements arising from news releases.

Happy Trading Day,

Forex Trading Strategy

Monday, March 19, 2007

Forex Trader Needs to Know.

Becoming a successful Forex trader, then, requires more than investing only your money. You also need to put in a lot of time and effort. And after all that, you have no guarantee of success. The foreign exchange market is highly volatile. You have about as much chance of mastering it as you would taming a wild stallion.Yet some people do come close to mastery, and manage to make Forex trading their daily job.

To your Success,
Forex Trading Strategy

Wednesday, March 7, 2007

Stochastic Refresher

Stochastics are amongst the most popular technical indicators when it comes to Forex Trading. Unfortunately most traders use them incorrectly. In this section, we will review the correct way to use this popular technical indicator.

George Lane developed this indicator in the late 1950s. Stochastics measure the current close relative to the range (high/low) over a set of periods.

Stochastics consist of two lines:

%K – Is the main line and is usually displayed as a solid line
%D – Is simply a moving average of the %K and is usually displayed as a dotted line

There are three types of Stochastics: Full, fast and slow stochastics. Slow stochastics are simply a smother version of the fast stochastics, and full stochastics are even a smother version of the slow stochastics.

Interpretation

Buy when %K falls below the over-sold level (below 20) and rises back above the same level.

Sell when %K rises above the over-bought level (above 80) and falls back below the same level.

The interpretation above is how most traders and investors use them; however, it only works when the market is trendless or ranging. When the market is trending, a reading above the overbought territory isn't necessary a bearish signal, while a reading below de oversold territory isn't necessary bullish signal.

Trending market

When the market is trending is necessary to adapt the oscillator to the same conditions: When the market is trending up, then the signals with the higher probability of success are those in direction of the trend “Buy signals”, on the other hand when the market is trending down, selling signals offer the lowest risk opportunities.
Thus when the market is trending up, we will only look for oversold conditions (when the stochastics fall below the oversold level [below 20] and rises back above the same level) to get ready to trade, and in the same way, when the market is trending down we will only look for overbought conditions (when the stochastics rise above de overbought level [above 80] and falls back below the same level.
Taking all overbought/oversold signals during a trending market will lead us to many whipsaws. If you are not comfortable with the number of signals given, try expanding your trading to other currency pairs.

Trend-less market

During a ranging market we could use the interpretation explained above to trade off stochastics.

Divergence

Divergence trades are amongst the most reliable trading signals in the Forex market. A divergence occurs either when the indicator reaches new highs/lows and the market fails to do it or the market reaches new highs/lows and the indicator fails to do it. Both conditions mean that the market isn't as strong as it used to be giving us opportunities to profit from the market. Stochastics can also be used to trade off divergences.

Price behavior

A price behavior can be incorporated into any kind of system or Forex strategy. When using divergences or overbought/oversold condition with a price behavior approach, the probability of success of our signals increases enormously. Why? Because price dictates at the end, how all indicators will behave, it also gives us a lot of information about the probable direction it will take in the future.

To your Success,
Forex Gladiator Team

Monday, March 5, 2007

7 Critical Forex Day Trading Tips

Here are seven essential tips on how to avoid the pitfalls and start making more money in your Forex trading (there’s a lot more in the full ebook!).

1. Trade Pairs, Not Currencies: Like any relationship, you have to know both sides. Success or failure in Forex trading depends upon being right about both currencies and how they impact one another, not just one.

2. Knowledge is Power: When starting out trading Forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.

3. Unambitious Trading: Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

4. Over-cautious Trading: Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail Forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

5. Independence: If you are new to Forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you do either of these two things: - Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period)- Seek advice from too many sources - multiple inputs will only result in multiple losses. Take a position, ride with it and then analyze the outcome - by yourself, for yourself.

6. Tiny Margins: Margin trading is one of the biggest advantages in trading Forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many Forex traders. The best guideline is to increase your leverage in line with your experience and success.

7. No Strategy: The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

For your Success,
Gladiator Forex Trading Strategy

Links

  • Realtime Forex broker: online forex trading - Realtime Forex offers 24 hour online currency trading on live market prices using its proprietary software RTFXTMPro. Realtime Forex's currency trading service also includes free forex charts, market news, daily market comments and analysis.
  • Iraqi Dinar - Buy Iraqi Dinar & Iraqi dinar Ebook- Iraq new currency known as iraq dinar at the best market rates. Iraqi Dinar ebook and Iraqi business news updated regularly.
  • The Technical Trader - Harry Boxer's Real-Time Trading Ideas and Technical Market Insights.
  • MATAF - Forex Trading.