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Forex trading place
2006-12-22 12:25:00
Hello and thanks for your visit. In the following i have added and structured alot of information about forex, it's a very good start for a beginner. Forex tutorial for beginners, complete list of forex indicators explained, forex methods and strategies, forex resources such as daily news, brokers, software, money management, forex tactics and predictions, all quite well explained.Just follow the links from the right in order to read the tutorials. Some of them are not written by me, i have just selected the best of them in a single place. Being a trader myself, i have also posted my strategy, a simple and quite effective one, recommended for beginners.Please note that there is no such thing as a trading secret formula, holy grail, there is no method that enables you to make millions of pips overnight, anyone claiming that he/she has a secret formula that will make you rich overnight is a liar and wants your money. Most of the methods used by millionairs like Soros are publicly ava...
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Forex forecasts
2006-12-22 12:21:00
forexpredictions.com article:The ultimate research would show you in advance exactly what is going to happen at some future date. Of course this is not possible and never will be.It is possible, however, to consistently project currency prices within a range of acceptable margin of error.Fore x Predictions delivers high and low currency forecasts for both daily and weekly time frames using advanced technology and market experience. Further, trade signals are offered on the majors, minors and crosses via 3rd party providers.A speculator day trading can use the daily high/low forecasts as a guide for entry and exit points. A position trader can also use the daily predictions for stop losses and trailing stops. Similarly, the weekly forecasts can be used by position traders to select those potential trades that offer the most reward.A corporate hedger can use the predictions to measure risk using both daily and weekly prediction modules and take appropriate action based upon their own p...
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Forex chart patterns
2006-12-22 11:54:00
In order to effectively spot those patterns the Zig Zag indicator is highly recommended, along with MetaTrader Platform which allows the most complex charts.Symmetrical triangle patternA symmetrical triangle pattern is considered to be a continuation pattern. They are formed by trend lines connecting higher lows, and lower highs which eventually meet to form the apex of the triangle. Ascending triangle paternThe ascending triangle pattern is a variation of the symmetrical triangle. They are generally considered to be bullish patterns, and have higher forecasting abilities when formed in an up-trend. The top of the triangle is flat, while the bottom section has an upward slant. Parabolic curve patternThe parabolic curve pattern is probably one of the most sought after patterns, and often produces quick returns in a relatively short period of time. Most of the time this pattern will appear near the end of a major market move or advance, and often looks like a stair case which eventu...
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Pivot points
2006-12-22 11:49:00
Pivot points are a form of support and resistance indicator, used by traders to anticipate price movement. Unlike fundamental analysis which relies heavily on economic indicators such as interest rates, trade balances, unemployment rates etc, pivot points provide traders with a visual tool to base their trading decisions on.Determining pivot levels begins with the calculation of the actual pivot point, which is simply an average of the previous days high, low, and closing price. This number will be the basis from which all other pivot points will be calculated from. If the market rallies above this pivot point for example, this might indicate some strength in the market and vice versa. From this point you would then refer to the other 3 main pivot points to determine what the price may do next. 15 minute USD/JPY chart. Pivot Point s based on prior days activity. Notice on this particular chart there are only support & resistance levels 1. There is no need to put the 2nd and 3rd suppo...
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Welcome to my weblog
2006-12-08 13:50:00
Hello and thanks for your visit. In the following i have added and structured alot of information about forex, it's a very good start for a beginner. Forex tutorial for beginners, complete list of forex indicators explained, forex methods and strategies, forex resources such as daily news, brokers, software, money management, forex tactics and predictions, all quite well explained.Just follow the links from the right in order to read the tutorials. Some of them are not written by me, i have just selected the best of them in a single place. Being a trader myself, i have also posted my strategy, a simple and quite effective one, recommended for beginners.Please note that there is no such thing as a trading secret formula, holy grail, there is no method that enables you to make millions of pips overnight, anyone claiming that he/she has a secret formula that will make you rich overnight is a liar and wants your money. Most of the methods used by millionairs like Soros are publicly ...
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My own strategy
2006-12-08 11:27:00
My own strategy is a very simple and very effective one. I use it on the H4 and D1 timeframe. Buy and sell signals are provided by two exponential averages, having 10 and 80 period, short ema(10) and long ema(80) . This is combined with a Zig Zag indicator in order to spot elliot waves. The picture speaks for itself, no need for further explanations.Download the strategy+complete indicators, instructions and templates from here
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Forex news and historical data
2006-12-08 11:12:00
dukascopyFree historical data, you can download them instantly and use them in your analysis.dailyfxFXCM is one of the largest Forex Dealer Members (according to the financial data posted on the CFTC website). With substantial operations around the world, the FXCM Group has serviced over 78,000 accounts to date and in addition, services over 400 institutional clients from more than 80 countries. FXCM has a proven track record of reliability and success with over 1,500,000 trades executed each month via the FX Trading Station.fxstreetLive forexs news, great site, highly recommanded.ac-marketsThe latest forex news. Registered broker also.reutersForex and economic news, live update.yahooYahoo news system.northfinanceSome of the latest forex news provided by North Finance broker.forex-marketsAnother trusted site providing forex news
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Automated trading services
2006-12-07 22:30:00
The following sites provide automated trading services and software for the forex market:FX EnginesAbout FX Engines:"FX Engines is the only trading platform built around trading the news. Our feature set and internal expertise can arm you for trading success, and we make it easy with our no-worry fee structure - no fees! Along with our execution speed, our automation system stands at the forefront of the tools needed to trade the news effectively."MetaTrader 4About MetaTrader 4:"As well as many technical indicators and line studies, there is built-in language for trade strategies programming MetaQuotes Language 4. Using this language, you can create Expert Advisors, Custom Indicators and Scripts. Expert Advisors can analyze the situation on the market, make decisions, put pending orders, and open positions in on-line mode without trader's participation."OneDayTradesAbout OneDayTrades:"With our total automation you can simply open up a brokerage account at our premiere forex broker ...
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Forex brokers
2006-12-07 22:24:00
We have selected the best forex trading platforms and brokers for you, so that you can shop around, test with a practice (demo) account or open a live account. For our services we are compensated by the forex brokers; So you won't be confronted with any additional pips, costs, fees or any other surcharges. The only addition we offer is a personal service and support, where you can count on if you need it. If you want to open a live account, you always make your agreement directly with the broker of your choise. Your initial investment has to be transferred to that broker. Account opening forms or online opening procedures can be found on this website. Online currency trading with GFFOREX: always getting the price you've clicked on! 2-3 Pips on all majors. At the real-time online trading platform "WYCIWYG" (What You Click Is What You Get), requotes and slippages are belonging to the past. We are the first and only foreign exchange broker to offer Straight Through Processing (ST...
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Trading strategies
2006-12-07 22:19:00
A few well known strategies are being presented here. Learn and experiment with them on a demo account, then create your own strategy.BunnyGirl CrossIndicators Used: 5, 20, 100 period WMAs (Weighted Moving Averages), Bollinger Bands, Stochastics, RSI (Relative Strength Index).Download It HereSimple Candlestick Pattern SystemIndicator Used: Engulfing Candlestick Pattern, also known as an "Outside Day".Read About It HereIchimoku Kinko Hyo Indicators Used: Tenkan Sen, Kijun Sen, Senkou Spans, Chikou SpanRead About It HereRickyD SystemIndicators Used: CCI (Commodity Channel Index), Forecast Oscillator, Relative Vigor Index, ADX (Average Directional Index), and 5, 20, 100, and 200 period Moving Averages.Download It HereTrendfollower SystemIndicators Used: Bollinger Bands, STARC BandsDownload It HereWoodie's CCI SystemIndicator Used: CCI (Commodity Channel Index)Download It HereWould you like to share your experiences with these trading systems, or suggest an additional system? Please po...
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Money management
2006-12-07 16:30:00
Forex Money Mana gement By FX MasterMoney management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk your going to accept for this trade.There are different money management strategies. They all aim at preserving your balance from high risk exposure.First of all, you should understand the following term Core equityCore equity = Starting balance - Amount in open positions.If you have a bala...
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Moving averages
2006-12-07 16:29:00
The Moving Average (MA) indicator is the most frequently used indicator in technical analysis. One of the oldest technical indicators in existence. The moving average line will be plotted directly in the price movement chart. The moving average is calculated with a certain predefined period. The shorter the period is, the higher the probability of false signals is. The longer the period is, the weaker the sensibility of the moving average is.Moving averages is one of the most useful indicators and tag them right up there with RSI and Stochastics. A basic definition of a moving average is that it is the average price of a market at a specific point in time. A moving average shows a trend. The purpose of the moving average is to show the trend in a smoothed fashion.The moving average is one of the most versatile and widely used of all technical indicators. Because of its method of construction and its susceptibility to quantification and testing, it is the basis for most "mechanical" ...
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Fibonacci method, by Stehpen Todd
2006-12-07 16:23:00
In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that can help increase your profit potential.Support and resistance levels are an important consideration for most traders to help identify entry and exit points when trading. Fibonacci percentage "retracement" levels based upon the Fibonacci number sequence and golden ratio are very popular with many traders but what are they exactly?What are Fibonacci Numbers and the Golden Ratio?The Fibonacci sequence first appeared as the solution to a problem in the Liber Abaci, a book written by Leonardo Fibonacci in 1202 to introduce the Hindu-Arabic numerals used today to a Europe still using Roman numerals.The original problem in the Liber Abaci posed the question: How many pairs of rabbits can be generated from a single pair, if each month each mature pair brings forth a new pair, which, from the second month, becomes productive.The...
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Elliot waves
2006-12-07 16:10:00
The Elliot t Wave Principle is a detailed description of how groups of people behave.It reveals that mass psychology swings from pessimism to optimism, are creating specific and always measurable patterns.The idea is that if you can identify repeating patterns in prices, and figure out where in those repeating patterns you are today, then you can predict where you will be going in the future.The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott (1871 - 1948), who completed the bulk of his work in the 1930s and 1940s.This principle interprets market actions in terms of recurrent price structures.The wave is a movement in the market, either up or down. The size of the wave depends upon the period of time that is being analyzed.Basically, market cycles are composed of two major types of Waves :A. The Impulse Wave:It is a wave that moves in the direction of the main trend of the market. Every impulse wave can be sub-divided into a 5 - wave structure (1-2-3-4-5).B. T...
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What is a strategy
2006-12-07 16:06:00
Most successful traders develop a strategy and perfect it over time. Some people focus on one particular study or calculation, while others use broad spectrum analysis to determine their trades. Most experts suggest trying a combination of both fundamental and technical analysis, with which you can make long-term projections and also determine entry and exit points. But in the end, it is the individual trader who needs to decide what works best for him or her (most often through trial and error).So basically speaking, a strategy consist in using proper indicators in order to analyze a chart. Stra tegies are simple ones or more complex ones. In the following i will show you some of the most used strategies. That should help you in developing your own strategy.
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Choosing a Trading Method, by Stephen Todd
2006-12-07 15:56:00
While there are many ways to achieve currency-trading success, all methods have the following salient points in common:1. SimplicityMost of the best trading systems are simple.There is no correlation between how complicated a strategy is and how successful it will be.In fact, the simpler a system the more likely it is to be robust in the face of changing market conditions.Some of the most successful systems of all time have been extremely simple and you don’t need much mathematical knowledge to understand them.2. Liquidate Losers Quickly and Run Big Profits:The basis of any successful trading systems that deals in leveraged products is:You need to be able to run the big profitable trends and exit losers quickly.All good trading methods do this, and use strict money management rules, to ensure preservation of equity.3. Understand your Method This may sound obvious, but you need to understand your trading method, and the logic behind it, so you can execute it with confidence and disc...
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What is an indicator
2006-12-07 15:55:00
A technical indicator is created by applying a certain formula to the price data of a currency or other financial security. This data can include any combination of the open, high, low, and close over a period of time.Technical indicators provide traders with a different perspective from which to analyze price action. Technical indicators can be derived from both simple formulas such as moving averages, while others can be more complex such as stochastics. The good news is that you do not need to know how these formulas are applied since the majority of indicators are shown in a graphical format allowing the trader to easily compare it with the corresponding price chart of the currency or security they are analyzing. All forex indicators are presented below: AAdvance/Decline (A/D) LineAdvance/Decline (A/D) RatioAbsolute Breadth Index (ABI)Accumulation Swing Index (ASI) Accumulation/Distribution (A/D)Accumulation/Distribution of volumeAdvance/Decline Line BreadthAdvancing-Declining I...
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Forex tutorial for beginners
2006-12-07 15:54:00
In the FX market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.The object of Fore x trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.Exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.Currencies are always quoted in pairs, such as EUR/USD or USD/CHF. The reason they are quoted in pairs is because in every foreign exchange transaction you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate fo...
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