tag:blogger.com,1999:blog-65144187446639377492012-08-25T12:12:12.459-07:00Free Forex TradingEverything you wanted to know about forex trading in one placeRCnoreply@blogger.comBlogger25125tag:blogger.com,1999:blog-6514418744663937749.post-28253777535684180992012-08-21T00:36:00.000-07:002012-08-24T18:17:00.393-07:00Crude Oil Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><h4 style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><u>This analysis is of light sweet crude oil CME Group</u></span></span></h4><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Crude oil has been following its upper channel and been edging upwards since July. While daily fluctuations are common for oil due to political developments, long term technical analysis seems more stable for oil. The MACD indicator has produced bullish signals twice without a bearish one, signalling a strong upward trend. Stochastic seems to be more volatile; it has produced 8 bullish and bearish signals since July, at least 3 of which have been unsuitable for profitable trades. However, it reasserts the bullish trend as it has been edging upwards throughout August. Right now the slow Stochastic sits at 92.92, signalling that the price may be overbought. However, RSI is at 67.92, suggesting that the price may not be overbought until another week or more.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-bo736W2HUgs/UDM4knzuLmI/AAAAAAAAAJ8/QkwAG8aXK0E/s1600/c1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="365" src="http://2.bp.blogspot.com/-bo736W2HUgs/UDM4knzuLmI/AAAAAAAAAJ8/QkwAG8aXK0E/s400/c1.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The bullish trend is stronger on the weekly chart. This can be seen as MACD produced a bullish signal at the start of August, and since oil has been trading sideways since 2011, it might be able to reach between 100 and 107 by the end of this year. The Stochastic indicator is also ascending, and its overbought signal may not come until a few months.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-pZPC-o1gww0/UDM6V6kMWwI/AAAAAAAAAKE/gXWP0zMdewY/s1600/c2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="365" src="http://1.bp.blogspot.com/-pZPC-o1gww0/UDM6V6kMWwI/AAAAAAAAAKE/gXWP0zMdewY/s400/c2.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><h4 dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><u>Fundamental: Crude oil is facing pressures both on the upside and the downside. Bullish reasons include:</u></span></span></h4><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><div style="text-align: left;"></div><div style="text-align: left;"><span lang="EN-GB" style="font-family: Arial, Helvetica, sans-serif;">-<span style="font-size: 7pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span dir="LTR" style="font-family: Arial, Helvetica, sans-serif;"></span><span lang="EN-GB" style="font-family: Arial, Helvetica, sans-serif;">Crude oil demand is seasonal and has risen significantly in the summer</span></div><div style="text-align: left;"><span lang="EN-GB" style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><span style="font-family: Arial, Helvetica, sans-serif;"></span><br /><div style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-GB">-<span style="font-size: 7pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span dir="LTR"></span></span><span lang="EN-GB"><span style="font-family: Arial, Helvetica, sans-serif;">Sanctions on Iran’s oil continue to be enforced</span></span></span></div><span style="font-family: Arial, Helvetica, sans-serif;"></span><div style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-GB"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></div><span style="font-family: Arial, Helvetica, sans-serif;"><div style="text-align: left;"><span lang="EN-GB"></span><br /><h4 dir="ltr" style="text-align: left;"><span lang="EN-GB"><span lang="EN-GB"><span style="color: #666666;"><u>Pressures that are forcing a lower price are:</u></span></span></span></h4><span lang="EN-GB"></span><div><span lang="EN-GB"><span lang="EN-GB"></span><br /></span><div class="MsoListParagraphCxSpFirst" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB"><span lang="EN-GB"><span lang="EN-GB">-<span style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span dir="LTR"></span><span lang="EN-GB">Domestic crude oil production has increased in the </span>Bakken and the Eagle Ford regions<span lang="EN-GB"><o:p></o:p></span></span></span></div><span lang="EN-GB"><span lang="EN-GB"></span></span><div class="MsoListParagraphCxSpFirst" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB"><span lang="EN-GB"><br /></span></span></div><span lang="EN-GB"><span lang="EN-GB"><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB">-<span style="font-size: 7pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><span dir="LTR"></span><span lang="EN-GB">The US Dollar is being strengthened. Since oil is globally priced in the USD, a rising dollar &nbsp;decreases oil prices in the US relative to other countries<o:p></o:p></span></div><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB"><br /></span></div><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB"></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666;">However, there isn’t any latest news that’s going to significantly affect oil prices in either direction. Oil prices were slightly affected by UN’s decision to exit Syria after a failed 4 month vision. Worries about the Middle East’s political situation are keeping prices high but that is being done so without any new updates.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666;">On the European side, the Bundesbank statements indicate that there are still disagreements about the Euro crisis. Last week, it seemed that an agreement would be made soon, and this disappointment has caused a small sell-off of oil. News from Europe could be important for crude oil.</span><o:p></o:p></span></div></div></span><br /><br /><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"><span lang="EN-GB"><br /></span></div></span></div><span lang="EN-GB"></span></div></span><br /><br /><br /><br /><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2825377753568418099?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-65551130232177362622012-08-21T00:15:00.000-07:002012-08-25T12:07:34.275-07:00A Day in the Life of a Professional Forex Trader<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div style="border-bottom: solid #4F81BD 1.0pt; border: none; margin-left: 46.8pt; margin-right: 46.8pt; mso-border-bottom-alt: solid #4F81BD .5pt; mso-border-bottom-themecolor: accent1; mso-border-bottom-themecolor: accent1; mso-element: para-border-div; padding: 0cm 0cm 4.0pt 0cm;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Traders who become successful enough to produce consistent profits graduate up to trade professionally and develop daily routines. However, this routine is quite different than most amateur traders would imagine; a large number of professional forex traders execute a handful of trades every month and frequently take time off the market.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This article explains the routine of a professional forex price action trader, which is a simplistic strategy only focusing on price movements and candlesticks. For all those who aspire to become full-time traders, this article shall serve to give a better idea of a professional’s daily routine.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><h4 style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 7pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span><span dir="LTR"></span><b><u>Start the day with a healthy body and mind</u><o:p></o:p></b></span></h4><div class="MsoListParagraph" style="text-align: left; text-indent: -18pt;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Professional traders keep a profitable mindset before starting their trading day. In order to do this they must control their negative emotions and stick to their trading plan. This is best done when both the mind and body are healthy, which will in turn result in healthy trades.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">It is important to wake up early in the morning and start the day with a healthy breakfast. This is because you may have enough time to do your research and still not miss the day’s most important trading hours.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Next, professional traders work out to get the blood flowing and feel oxygenated. It is not mandatory that one must exercise in order to be a pro trader, but it is highly recommended as exercise leads to a healthy and effective brain. The mind and body are dependent on each other.<o:p></o:p></span><br /><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div></div><div class="MsoNormal" style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-Kv5jAELIgak/UDkhxSWV-8I/AAAAAAAAAMs/ujSzZVpdY_I/s1600/day-trading.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="http://2.bp.blogspot.com/-Kv5jAELIgak/UDkhxSWV-8I/AAAAAAAAAMs/ujSzZVpdY_I/s320/day-trading.jpg" width="320" /></a></div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><h4 style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 7pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span><span dir="LTR"></span><b><u>Analyze the Markets</u><o:p></o:p></b></span></h4><div class="MsoListParagraph" style="text-align: left; text-indent: -18pt;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Before professionals start to trade the market, they check for open trades in order to adjust the limits and stop losses. They record all the closed trades in the trading journal which may have hit the limits overnight. Keeping your trading journal updated is important as important as you keep reflecting on your performance and make improvements for the future. <o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Once the work for the previous day is done, traders start to check the markets – specifically, their favorite pairs. Professionals check their pairs 2-3 times a day at predefined times. These times differ for every trader, but usually professionals check the markets in the morning, mid-day and in the evening (after the NYSE or European closing time). The best time to trade for forex is the overlap between Japanese and British working hours, as well as the overlap between the US and British working hours.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><h4 style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 7pt;">&nbsp; &nbsp; &nbsp; &nbsp;<u></u></span><u><span dir="LTR"></span></u><b><u>How a Professional Trades the Market</u><o:p></o:p></b></span></h4><div class="MsoListParagraph" style="text-align: left; text-indent: -18pt;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div><div class="MsoNormal" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;">There is no one way to trade the market,each professional has his own trading strategy and sticks to it. This means that traders don’t need to spend hours watching the chart, but only look for their trading signals and trends to open a trade. A professional focuses only on a few pairs as he is looking to execute specific trades. The more focused the approach, the more effective the trades. Once a new trade is opened, the trader records it in his trading journal and continues.&nbsp;</span><span style="color: #666666; text-indent: -18pt;">Professionals Remove Themselves From the Market</span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Amateur traders mistakenly believe that professionals sit and stare at the charts all day long. Sometimes taking time off the market is recommended because looking at the charts for hours promotes one to execute trades which were not part of the trading plan. If you make a few quality trades over the long term, you don’t need to make small intra-day trades. <o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Professionals also remove themselves from their live trades. This is because watching your profits constantly rise and fall can create anxiety and may promote you to double down. Removing yourself causes you to remove your emotions from the live trade.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Once the trading day is over, professionals take a good night’s sleep. There is no reason to lose your sleep over your trades because anxiety affects your winning mindset. Carry on the rest of your life; meet friends, go to the gym, have fun and do your chores. A good professional trader lives a well-rounded life.</span><o:p></o:p></div></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-6555113023217736262?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-75317112227519528702012-08-21T00:04:00.000-07:002012-08-24T18:19:30.741-07:00AUD/USD Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Fundamental: AUD/USD pair has been trading at 1.045 and is looking to move up after the losses it suffered last week. Pressure on the US Dollar is affecting commodity currencies, which has brought the Australian Dollar down. USD has gained traction lately on positive economic data, and the chances of a monetary stimulus in the US have dimmed.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">There is nothing significant on the economic calendar for AUD for the coming week, so all eyes are on the US Dollar.This week we’ll find out housing data, jobless claims and data on durable goods which should move the pair.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-r17_gMybuUo/UDMstxrvOdI/AAAAAAAAAJY/bWCnRoID1Ck/s1600/a1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="171" src="http://1.bp.blogspot.com/-r17_gMybuUo/UDMstxrvOdI/AAAAAAAAAJY/bWCnRoID1Ck/s400/a1.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the H4 timeframe, the pair has been moving in an upward channel since May. While its oscillations were fairly predictable between mid-June to the end of July, it became much wider since the start of August and seems to be trading downwards and sideways. The price has an immediate support level at 1.043, and if crossed, it could fall till the next support level at 1.0328, after which the channel would have been effectively broken and a shorting opportunity would begin. There is a bearish bias on pair so one must remain cautious for a breakthrough of the support level.</span><o:p></o:p></span></div></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-l4LK48EFAw8/UDMtiRT9pkI/AAAAAAAAAJg/dR9b2vrnPTY/s1600/a2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="171" src="http://3.bp.blogspot.com/-l4LK48EFAw8/UDMtiRT9pkI/AAAAAAAAAJg/dR9b2vrnPTY/s400/a2.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This bearish bias in H4 timeframe is confirmed by studying the MACD and Stochastic.&nbsp;</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">MACD</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">has been bearish since the 7</span><sup style="color: #666666; font-family: Arial, Helvetica, sans-serif;">th</sup><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">&nbsp;of August, which corresponds with the price fall. It continues to be in the negative and a reversal doesn’t seem likely. The Stochastic indicator confirms the bias as it recently displayed a bearish signal. With the trending and the contrarian indicator pointing at the same direction,traders should look out for an opportunity soon</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">&nbsp;.</span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;"><br /></span></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;"><br /></span></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-lNTMXUREAAk/UDMuR7CjFZI/AAAAAAAAAJo/HXducg6c_VM/s1600/a3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="http://4.bp.blogspot.com/-lNTMXUREAAk/UDMuR7CjFZI/AAAAAAAAAJo/HXducg6c_VM/s400/a3.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The hourly timeframe shows the price movement in the month of August. The AUD/USD pair has been moving in a bearish channel, indicating that a downward trend may catch on to the 3H chart as well. It is likely that the price will touch the upper channel and then move downwards, but the trend line is to face some resistance in the near term as it is already hovering over the support level of 1.045. Looking at the RSI Indicator, we see a similar movement as the graph seems to hover at 50 for now.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Look out for news and breakouts in the near term as it may signal a trend, possibly a bearish one.</span><o:p></o:p></span></div></div><br /><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;"><br /></span></span></span></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-7531711222751952870?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-25979949430729929862012-08-20T23:24:00.001-07:002012-08-25T12:12:12.467-07:00How to Develop a Profitable Forex Trading Mindset<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;">Developing a successful trading mindset is perhaps the most important step to being profitable in the long term. Most traders fail to master their own psychology and lose money by succumbing to their emotions. After all, there is a famous saying in the trading world: “Bulls make money, bears money, but pigs get slaughtered.” This saying displays greed, a failure to develop a profitable mindset. This article explains how your psychology is the key to winning the forex game in the long run.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-RTUjwU2Sebo/UDki-VZP1PI/AAAAAAAAAM0/4U_n0ZYtmNw/s1600/mindset.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: right;"><img border="0" height="198" src="http://1.bp.blogspot.com/-RTUjwU2Sebo/UDki-VZP1PI/AAAAAAAAAM0/4U_n0ZYtmNw/s200/mindset.jpg" width="200" /></a></div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Most traders believe that trading by indicators will give them profit no matter how they react to the graphs, they are unaware of the importance of their own mindset. Successful traders are highly aware of their emotions and control their fears and greed to execute their trades in a robotic manner. If you are not making money in the market, then it is most probably your mindset that is affecting your trades.</span><o:p></o:p></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"></div><h4 style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><u>Control Your Expectations</u></span></h4><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The modern world has made people find quick fixes to their problems; all they want to do is get rich as fast as possible. In the forex world, this leads to one having unrealistic expectations. You have to realize that it is highly improbable that you would be able to earn millions from your $1000 account in a few months. Instead, focus on managing your risk and only trade with money which you can stand to lose. Try not to cover your losses by doubling your positions and don’t get attached to your trades.</span></div></div><div class="MsoNormal" style="text-align: left;"><br /></div><h4 style="text-align: left;"><span style="color: #666666;"><u><span style="font-family: Arial, Helvetica, sans-serif;">Slow </span><span style="font-family: Arial, Helvetica, sans-serif;">&nbsp;</span><span style="font-family: Arial, Helvetica, sans-serif;">&amp; Steady Wins the Race</span></u></span></h4></div><div><span style="color: #666666;"><u><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></u></span></div><div><div class="MsoListParagraph" style="text-align: left; text-indent: -18pt;"><o:p></o:p></div></div><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Forex tends to attract high frequency traders due its 24/6 activity and tremendous liquidity. Active trading gives hope to traders that they will return a tenfold amount on their equity every month. Even though you may win big at times, active trading with a greedy mindset gets pigs slaughtered in the end. Develop a slow and steady approach instead; trade on 4H and daily charts to get a bigger picture and execute a few quality trades instead. Technical analysis tends to be more correct on longer charts with minimum noise. If you average slow monthly returns, you will compound your profits and reap the benefits later.</span></div></div><div class="MsoNormal" style="text-align: left;"></div><h4 style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 7pt;">&nbsp;</span><span style="color: #666666;"><u>Stay Organized</u></span></span></h4><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">It is essential to have a trading plan and a journal so that you may know what you’re doing and then assess your performance. Your view of the markets will be more objective when you’re not trading; consequently your trading plans will be more successful. When you’re about to enter a trade, think before you execute.</span></div></div><div class="MsoNormal" style="text-align: left;"></div><h4 dir="ltr" style="text-align: left;"><span style="color: #666666;"><u><span style="font-size: 7pt;">&nbsp;</span>Be Confident</u></span></h4><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 115%;">Assess your strengths and adjust your trading style to it. Once you are aware of your edge be confident about it and execute your trades without fear. This will make sure that you don’t gamble as you would&nbsp;</span><span style="line-height: 115%;">only trade when you can assess the situation.However,don’t be over confident and keep greed in check</span><span style="line-height: 115%;">.</span></span></div></div><div style="text-align: left;"><h4 dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><u>Control Fear</u></span></h4><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">While greed may get you slaughtered, fear will make your mind indecisive and make you avoid trades altogether. If your confidence vanishes you might have second thoughts while running your trades.This might lead to you closing trades early.</span></div></div><h4 style="text-align: left;"><u><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">You Don’t Need Perfection</span></u></h4><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">You have to realize that all of your trades can’t be profitable. Instead, your strategy should be to minimize your losses and maximize your gains, therefore always finishing higher than before.</span></div></div><h4 style="text-align: left;"><u><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Let Go of Your Ego</span></u></h4><div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Lastly, it is very important that you don’t relate your wins and losses with your ego. Don’t treat winning trades as ego boosts as it will lead to a false sense of achievement. Similarly, try not to equate losses with your ego as you will start to take the markets personally. Remember, the markets don’t care about your mood and your ego,they will continue in spite of your emotions.</span><o:p></o:p></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If you keep all these pointers in mind you will be closer to gaining profits consistently in the forex market. Develop a winning mindset to execute winning trades.</span><o:p></o:p></div></div></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><o:p></o:p></div></div><div><u><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></u></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><o:p></o:p></div></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><o:p></o:p></div></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><o:p></o:p></div></div><div class="MsoListParagraph" style="text-align: left; text-indent: -18pt;"><o:p></o:p></div></div><div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoListParagraph" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"><o:p></o:p></div><br /><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2597994943072992986?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-73139489084018779342012-08-12T22:20:00.001-07:002012-08-24T18:22:20.764-07:00GBY/JPY Weekly Outlook <div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The GBP/JPY spent the entire week locked in a tight range as the Japanese central bank decided to hold rates steady at zero. Prime Minister Yoshihiko Noda’s coalition government survived a no-confidence motion on Thursday, brought about by six opposition parties, over his proposal to double the sales tax. The JPY faced a week of poor economic reports, with first-half trade deficit jumping to a record high of 2.5 trillion yen ($31.78 billion), amid a surge in fuel bills, and Core Machinery Orders recording a worse than expected decline of 5.6 percent in June. The single bright spot was the unexpected rise in industrial output last month, to a seasonally adjusted 0.4 percent, from -0.1 percent in the preceding month.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The GBP also faced a slew of disappointing economic data last week, with U.K. trade deficit swelling to a record level in June, as exports tumbled during a month in which economic activity was affected by public holidays to mark the Queen's Diamond Jubilee. Earlier on Tuesday, the Office for National Statistics said U.K. Industrial Production fell 2.5 percent in June, the biggest monthly drop since November 2008. The Bank of England also slashed its medium-term growth forecast in its Quarterly Inflation Report on Wednesday.<o:p></o:p></span></div></div><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><br /><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">GBP/JPY continued to gyrate inside the downward sloping trend channel of 120.82/123.77 last week and the outlook for the coming week remains neutral. An upside break-out of the previous pivot high of 123.77/79 will provide strong evidence of the completion of the pull back from 125.82, and will likely signal the resumption of the rebound from 118.82, which got stalled in the past few weeks. On the downside, a break-down below the key support level of 120.82 might make prices retest the June 1 low of 118.82.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-Vvj4nliwwbc/UCiOfmdY8RI/AAAAAAAAAH8/Yfswsk_iYto/s1600/gbpjpy.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="257" src="http://2.bp.blogspot.com/-Vvj4nliwwbc/UCiOfmdY8RI/AAAAAAAAAH8/Yfswsk_iYto/s400/gbpjpy.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><br /></div><br /><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-7313948908401877934?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-31702096961316973472012-08-12T11:17:00.000-07:002012-08-24T18:22:51.766-07:00EUR/GBP Weekly Outlook<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The EUR/GBP started the week with markets pinning high hopes on the European Central Bank initiating fresh stimulus measures to provide a comprehensive solution to the region’s debt crisis. But after the disappointment on Thursday, when the ECB offered no guidance or assistance in its monthly meeting and statement, traders became restless and hammered the euro below the 0.785 mark against the pound sterling. Mario Draghi said the ECB was likely to undertaking open market operations, such as buying bonds in the secondary markets, but failed to explicitly layout any plans to buy government debt from struggling European countries any time soon.</span><o:p></o:p></div></div><div style="text-align: left;"><br /></div><div style="text-align: left;"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The GBP also faced a week of disappointing economic data with trade deficit hitting an all time high in June on Thursday. Data from the Office for National Statistics showed, deficit widened more than expected to 10.1 billion pounds ($15.82 billion) in June from 8.4 billion pounds in May, as weak demand for goods hampered exports. Earlier in the week, Industrial Production slumped to its lowest level in 20 years in June, and the Bank of England slashed its growth forecast for the year.&nbsp;</span><o:p></o:p></div></div><br /><div style="text-align: left;"><br /></div><br /><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The counter-trend rally in the EUR/GBP from 0.7755 is possibly finished at 0.7962, the intersection of <span class="gsstx">a falling trend line and the swing bottom created on May 16, both of which have been tested quite a few times. EUR/GBP is all set to resume the broad down-trend, and in the coming week, prices are expected to find support at </span>0.7755, the break of which can see prices go to the next key support level of 0.7693. On the upside, 0.7900 is a strong resistance, and any upside break-out will turn the bias neutral.</span><o:p></o:p></div></div><div class="MsoNormal"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-mJ8rRMmDylo/UCfy9UX7S8I/AAAAAAAAAHo/wXg6a-eND2M/s1600/eurgbp.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="256" src="http://2.bp.blogspot.com/-mJ8rRMmDylo/UCfy9UX7S8I/AAAAAAAAAHo/wXg6a-eND2M/s400/eurgbp.jpg" width="400" /></a></div><div class="MsoNormal"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-fareast-language: EN-US;"><br /></span></div><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-3170209696131697347?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-43052372431844847582012-08-09T15:15:00.000-07:002012-08-24T18:25:17.581-07:00Low Frequency vs. High Frequency Forex Trading<div dir="rtl" style="text-align: right;" trbidi="on"><br /><h2 style="direction: ltr; text-align: justify;"></h2><h2 dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">Forex (currency market) is the largest financial market in the world, currently trading $4 trillion daily. These trades happen 24 hours a day, 5 days a week; making it one the most attractive markets for traders. This has led to two types of traders: lower frequency traders with a long-term perspective, and high frequency trader who have an intra-day perspective.</span></h2><h3 style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><u>Low Frequency Trading</u><o:p></o:p></span></span></h3><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">Low frequency trading involves a trader or an investor taking a long-term perspective in a forex pair(s) and holding that decision for a long period of time. This time period lasts for months, a year, or even more. This strategy is usually taken by professional investors such as hedge fund managers or those who do not have time to be monitoring trades –such as the average John Doe.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">Basic strategies used for low frequency trading involves the use of technical analysis with long period charts, such as those which show months and years. Carry trades are one of the most famous strategies; these involve using a pair which provides the most interest rate to the investor. Macroeconomic perspectives and geopolitical forces are also used for low frequency trading.<o:p></o:p></span></span></div></div><h3 style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><u>High Frequency Trading</u><o:p></o:p></span></span></h3><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">Intra-day trading is the more famous of the two in the forex market. Traders usually use charts ranging from a tick, 1, 5 and 15 minute ranges. Scalping is common, involving frequent trades which take a profit of a pip or less. Others follow small trends, oscillations, or trade on daily market news. While these profits are minute, traders use leverage ranging from 1:2 to 1:500 to amplify their gains and losses.<o:p></o:p></span></span></div></div><h3 dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><u>Which is better?</u><o:p></o:p></span></span></h3><blockquote class="tr_bq" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><span lang="EN-GB"><u>Statistics:</u> this question largely depends on the strengths and weaknesses of the trader, but statistics show that high frequency traders make far less profits than low frequency ones.</span></span></div></blockquote><div style="text-align: left;"><br /></div><blockquote class="tr_bq" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><span lang="EN-GB"><u>&nbsp;</u></span><span lang="EN-GB"><u>Market noise</u>: the forex market involves trillions of dollars of trades every day, most of which are done by large organisations conducting their business and not following market trends. This produces a lot of senseless noise which cannot be understood by traders. When one takes a long-term perspective, market noise is reduced and strategies (especially those involving technical analysis) become more robust.</span></span></div></blockquote><div style="text-align: left;"><br /></div><blockquote class="tr_bq" dir="ltr" style="text-align: left;"><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; text-align: left;"><tbody><tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-Gd_BMs-kFMU/UCQ5GyLCi0I/AAAAAAAAAHE/3sUTBT_0EWw/s1600/ID-10063174.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="320" src="http://2.bp.blogspot.com/-Gd_BMs-kFMU/UCQ5GyLCi0I/AAAAAAAAAHE/3sUTBT_0EWw/s320/ID-10063174.jpg" width="220" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><h2 style="text-align: left;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; font-weight: normal; line-height: 20.78333282470703px;"><span style="font-size: xx-small;">FreeDigitalPhotos.net</span></span></h2></td></tr></tbody></table><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><span lang="EN-GB"><u>Stress:</u> if you are a trader who does not want a lot of stress, low frequency trading is for you. Those who watch markets all day can watch their trades suffer heavy losses and experience high profits, and become concerned by it.</span></span></blockquote><div style="text-align: left;"><br /></div><blockquote class="tr_bq" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><span lang="EN-GB"><span style="font-weight: normal;"><u>&nbsp;</u></span></span><span lang="EN-GB"><u>Gambling effect:</u> there is a large consensus that trading can become as addictive and destructive as gambling, and this is largely true for high frequency trading. You can watch your trades double or triple in size within seconds or minutes, and soon you will try to get those gains again and again.</span></span></div></blockquote><div style="text-align: left;"><br /></div><blockquote class="tr_bq" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><span lang="EN-GB"><u>Spreads:</u> this is perhaps the most important reason why one should prefer quality trades over quantity trades. Whenever you execute a trade, your broker takes a spread (usually between 0.5 to 2 pips for major pairs). High frequency traders are usually chasing a few pips, so every time they close a trade they give up a significant part of their profits. This also results in losses as many trades become impossible to execute. If you are trading long term and aiming for 100-200 pips, 2 pips would hardly be 1% of your profit.<o:p></o:p></span></span></div></blockquote><div class="MsoNormal" style="text-align: left;"><br /></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">However, this is largely up to you and your abilities as a trader. But considering the pros and cons of each, it is best if low frequency trading is done.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><br /></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-4305237243184484758?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-87148559585815391142012-08-09T15:05:00.000-07:002012-08-24T18:30:34.744-07:00USD/JPY Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><br /><br /><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the 4 hour timeframe, we have seen a resistance level of 78 which, if broken, will give a sell signal. This may allow the price to go as low as 77.66 experienced earlier on the 1<sup>st</sup> of June, and 77.50 in extension. Therefore, the bearish channel is reinforced and a bearish outlook shall&nbsp;</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">remain until a breakout of 78.80 is experienced.</span></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-vxcQ3uzPpMg/UCQyZ9R5BYI/AAAAAAAAAGQ/2DfIZAzKBOo/s1600/usdjpy1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="153" src="http://3.bp.blogspot.com/-vxcQ3uzPpMg/UCQyZ9R5BYI/AAAAAAAAAGQ/2DfIZAzKBOo/s400/usdjpy1.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-TsgqKmpIfe4/UCQzCKr1-XI/AAAAAAAAAGY/hNZWvEty_fc/s1600/usdjpy2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="168" src="http://4.bp.blogspot.com/-TsgqKmpIfe4/UCQzCKr1-XI/AAAAAAAAAGY/hNZWvEty_fc/s400/usdjpy2.jpg" width="400" /></a></div><div class="MsoNormal" dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The hourly timeframe shows that a narrower bearish channel has already been broken. Earlier, a false breakout was experienced followed by a successful one, which seems to be continuing at the moment. This is being resisted at 78.15. It is important to notice that we could see a triple bottom soon; there have been two bottoms experienced already. &nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If this is experienced and a&nbsp;</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">breakout on the upper resistant levels is experienced, we could see a significant reversal.</span><o:p></o:p></span></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-99MYg8k8Aq8/UCQzR3vQtCI/AAAAAAAAAGg/kfL172BSgyM/s1600/usdjpy3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="171" src="http://3.bp.blogspot.com/-99MYg8k8Aq8/UCQzR3vQtCI/AAAAAAAAAGg/kfL172BSgyM/s400/usdjpy3.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" dir="ltr" style="clear: both; text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" dir="ltr" style="clear: both; text-align: center;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Stochastics for the 4 hour chart are in a downward trend, currently hovering at 50.75. MACD seems to be bullish but is giving a lot of false signals and is roughly horizontal.</span></span></div><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This shows&nbsp;</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">resistance and a slowdown of volatility for the pair. RSI seems to be roughly horizontal as well.</span><o:p></o:p></span></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-0PZ4wRK4I_E/UCQzxlcV7FI/AAAAAAAAAGo/rW_B1kfE0CA/s1600/usdjpy4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="http://2.bp.blogspot.com/-0PZ4wRK4I_E/UCQzxlcV7FI/AAAAAAAAAGo/rW_B1kfE0CA/s400/usdjpy4.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the hourly view, MACD is in a bearish mode, although this has been continuing for a few hours and might come to a halt by the end of its wave. Stochastics already give a signal towards a reversal, and so does RSI, which means that the MACD might show a bullish signal soon, and that the oscillations currently occurring in the price might continue.</span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Fundamental: Tonight there will be an announcement from the Bank of Japan regarding interest rates. Although some economists do not expect an extension of the acquisition programme until the next interest-rate meeting, there is a good chance that it might happen at this meeting. This will affect JPY trading for the next day.</span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">There is a strong chance that the USD/JPY pair will strengthen due to the turmoil experienced in Japan’s political environment. The current government may face a No Confidence vote. The opposition party, which may take control, advocates a higher inflation rate target of 2.0%, which increases the expectations of an aggressive Bank of Japan easing.&nbsp;</span><o:p></o:p></span></div></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><br /><div class="MsoNormal"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-8714855958581539114?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-24923662242163951982012-08-08T23:11:00.000-07:002012-08-24T18:13:06.927-07:00S&P 500 Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><div class="separator" dir="ltr" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The 4-hour view of the S&amp;P 500 shows a bullish equidistant channel starting from roughly May 20. It may be possible that the price hits the resistance levels of 1413 and 1424, but a reversal to the lower end of the channel is also possible. A bullish sentiment is likelier as one can notice that the bullish rallies are oscillating higher and higher while the bearish ones are getting </span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">smaller.</span></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-u1Fq5wP2YfA/UCNSvQrfEjI/AAAAAAAAAFw/2gBjvO2yj0U/s1600/sp500_1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="171" src="http://1.bp.blogspot.com/-u1Fq5wP2YfA/UCNSvQrfEjI/AAAAAAAAAFw/2gBjvO2yj0U/s400/sp500_1.jpg" width="400" /></a></div><br /><div dir="ltr" style="text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-3eKVRZ8jN7w/UCNTRZ7zZ5I/AAAAAAAAAF4/iAVFVuOjfec/s1600/sp500_2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="292" src="http://2.bp.blogspot.com/-3eKVRZ8jN7w/UCNTRZ7zZ5I/AAAAAAAAAF4/iAVFVuOjfec/s320/sp500_2.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the S&amp;P500 daily chart, we can notice the bullish sentiment by the technical indicators. Stochastics have crossed the 80 line and are going higher after giving a bullish buy signal. MACD has been bullish since early June and continues to go higher. Its sell signals are usually weak and false while the buy signals are proving to be correct. The Relative Strength Index has been going higher and has yet to cross the 70 mark. Look out for an overbought signal in a few days if the rally continues.</span><o:p></o:p></span></div></div><br /><div dir="ltr" style="text-align: left;"><br /></div><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If the price channels are taken into consideration, the price has largely been following a trend as it has tuck to the upper price channel since the start of August, coming down to its mid-point a few times, and going back up. It has not touched the lower price channel once since the start of July.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-mo8KLqSeUNg/UCNT46D34xI/AAAAAAAAAGA/hw1f5YdswqA/s1600/sp500_3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="292" src="http://3.bp.blogspot.com/-mo8KLqSeUNg/UCNT46D34xI/AAAAAAAAAGA/hw1f5YdswqA/s320/sp500_3.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The weekly chart confirms the rally; the index has been rising from May and continues to do so. If the index reaches the upper price channel at 1422, a reversal to the mid-point (1344) or lower end (1266) of the price channel may be seen. MACD recently gave a buy signal and is expected to be bullish for a few weeks. Stochastic has been bullish but is crossing the overbought mark at 80; contrarian traders should look out for a bearish signal in the coming weeks. RSI has been following the price trend and may give an overbought signal in the coming week if the trend is to continue.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Fundamental: Market sentiment has become worrisome as the rally continues as strategists suggest that the rally is unlikely to last and investors should remain cautious. A negative close by the end of the week may be likely, which corresponds with a bearish reversal towards to the lower end of the channel as seen in the technical analysis chart.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The job report on Friday, which caused the rally, is thought to be misplaced as a large number of jobs are only temporary. The hiring boost that occurred may be largely due to seasonal employment. GDP growth has been 1.5% in the second quarter, which is considered largely anemic.</span><o:p></o:p></span></div></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><br /><div dir="ltr" style="text-align: left;"><br /></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2492366224216395198?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-63688275747482841292012-08-08T22:54:00.004-07:002012-08-19T06:24:40.514-07:00GOLD Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><br /><br /><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Gold has largely been falling since its peak in March, and since mid-May it is hovering between a horizontal price channel. Since the start of August, it started ascending from the midpoint and is currently rallying at 1615. A rally till the upper level of the channel at 1631 is possible. MACD has been bullish since the past few weeks, but its lines are coming closer to converge, suggesting that a sell signal may be produced soon. Stochastic produced a buy signal at the start of August, but this was produced at 62, which makes it relatively undesirable. RSI is giving&nbsp;</span></span><br /><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">similar signals.&nbsp;</span><o:p></o:p></span><br /><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-_zpfkm_cQI8/UCNOhdzG29I/AAAAAAAAAFY/yGwZO_sVNh8/s1600/gold1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="292" src="http://3.bp.blogspot.com/-_zpfkm_cQI8/UCNOhdzG29I/AAAAAAAAAFY/yGwZO_sVNh8/s320/gold1.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-pedcmzOM8fQ/UCNP4EnuLRI/AAAAAAAAAFg/nMonxcgJRAo/s1600/gold2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="292" src="http://1.bp.blogspot.com/-pedcmzOM8fQ/UCNP4EnuLRI/AAAAAAAAAFg/nMonxcgJRAo/s320/gold2.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the weekly chart one can notice the upwards trend experienced till mid 2011, and a fluctuating reversal ever since. RSI has been hovering near 50, not producing any particular trend, which means some resistance at the current level is likely. Stochastic has been in a bullish mode since May, although the small rally currently experienced started only recently. MACD seems to be giving a buy signal and a sign of reversal, but this could easily be a false signal and should be treated with caution.&nbsp;</span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-85ZaWiC53EI/UCNQaWzHPBI/AAAAAAAAAFo/tkUOJtgB4bI/s1600/gold3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="217" src="http://3.bp.blogspot.com/-85ZaWiC53EI/UCNQaWzHPBI/AAAAAAAAAFo/tkUOJtgB4bI/s320/gold3.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Gold has to be taken very cautiously due to its recent year-long decline. When its price is observed on a century long inflation-adjusted chart, one can see its crash in the 1980s, which could also be experienced in the coming years. Buy and hold investors may not like gold as a stable investment for now.<o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Fundamental: ECB and Fed did not provide any new stimulus programmes, but the price of gold has still maintained above $1600 an ounce. It seems one minute the ECB is prepared to do whatever it takes to save the euro, and the next it fails to take any action. <o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the US, the Fed has admitted that economic growth has slowed down. Disappointing news also came from China, where manufacturing dropped to 50.1 in July (PMI). In the UK, the PMI dropped more than expected from 48.4 to 45.4. If these problems are worsened, it is logical to keep one’s money invested in precious metals. However, if market sentiment is positive, one must be cautious towards gold. </span><o:p></o:p></span></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-6368827574748284129?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-29823479118166843962012-08-08T07:50:00.001-07:002012-08-24T18:32:26.117-07:00EUR/USD Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal" dir="ltr" style="text-align: left;"><br /></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The euro dollar pair is following the equidistant chart pattern in the 4-hour view. The trend line has hit the channel 4 times so far, indicating that the pattern is strong, which is also supported by the 3 month long duration. Recently, the line hit the channel at 1.244 and proceeded to fall as expected, albeit meeting some resistance. More resistance is likely to be met at 1.225, and if that is broken, the trend line is expected to fall and meet the next resistance at 1.2159. &nbsp;However, considering a long term view (of 30-60 days), the pair is expected the meet the&nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">end of the channel.</span></span></div><br /><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-YBCvSdQyLjo/UCJ7PleI39I/AAAAAAAAAFA/rIlloKpTN8Y/s1600/eurusd4h.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="170" src="http://4.bp.blogspot.com/-YBCvSdQyLjo/UCJ7PleI39I/AAAAAAAAAFA/rIlloKpTN8Y/s400/eurusd4h.GIF" width="400" /></a></div><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><a href="http://4.bp.blogspot.com/-rRWbeIol78A/UCJ74x4EcUI/AAAAAAAAAFI/SIY5Q9BkIEg/s1600/eurusdd.GIF" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="208" src="http://4.bp.blogspot.com/-rRWbeIol78A/UCJ74x4EcUI/AAAAAAAAAFI/SIY5Q9BkIEg/s400/eurusdd.GIF" width="400" /></a><br /><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">In the hourly view, the trend line hit the high resistance level at 1.244, lowered to 1.236 and is meeting another resistance level over there. However, the 4-hour view would suggest that it is likely that the pair would break resistance and follow the downward trend.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">MACD shows that the trend is downward, however, it does not seem as strong as the bullish signals it gave earlier on the 3<sup>rd</sup>of August. Contrarian indicator Stochastics shows a downward trend as well and currently hovers at 31.50. A bullish or bearish signal is not visible and should only be treated seriously once the 20 or 80 lines are crossed. The Relative Strength Index roughly corresponds with Stochastics as it hovers near the same 30 level. All 3 indicators agree with a downward pattern.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">However, it must be noted that this isn’t strong and is meeting with a lot of resistance. The 10 day EMA corresponds with the current price level so a strong downward and upward trend cannot be predicted. Indicators may produce fall signals until resistance points are broken strongly. <o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This can also be seen by using the same indicators in the 4-hour chart. While the MACD is bearish, it is still following an ascending pattern. The Stochastics are giving a bullish signal as well. This may result in the pair hovering at the upper levels of the channel for some time, but it is unlikely that the channel will be broken. By examining the last time when the pair hit the upper channel, it seems that the trend line seems to hover on the upper levels between 5 and 25 days.<o:p></o:p></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN-GB"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Fundamental: Most industrial production data of the eurozone showed a decline. While the sentiment of the FX market is generally positive, there is some strong resistance and risk appetite has been on hold until the ECB or Fed introduces some measures. If not, a correction may be likely.</span><o:p></o:p></span></div></div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://hit.24partners.com/?uid=1964&amp;p=34018&amp;tags=" style="margin-left: 1em; margin-right: 1em;" target="_Top"><img alt="" border="0" height="79" src="http://t.24partners.com/24img.ashx?c=6009&amp;p=34018" width="240" /></a></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2982347911816684396?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-57286440155234390632012-08-01T13:23:00.000-07:002012-08-24T18:33:16.872-07:00Forex Over Trading<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><br /><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Over-trading is a common mistake by Forex traders and it can be the biggest threat that can kill your trading account. It does not require experience as market participants. Once you commit mistakes, it makes huge impact and differences. What causes bad trades? These can include indecent opportunities, negative environment, being impatient and lack of discipline. Forex over trading mostly happens with those traders without proper plans and lack the determination to set their minds on their plans.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Forex over trading also happens when traders break the rules. Basically, you do over-trading when you get more trades than you suppose to have. Some traders tend to break the rules because of the pressure to earn more money. Money is the root of all evil. You can do unnecessary things to have it. Forex over trading can mislead the cycle in the market. Traders are not able to see their profits if they have consistent over trading. This is the reason why Forex over trading sometimes happen without the trader actually knowing it.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><a href="http://2.bp.blogspot.com/-gQRXZJcxDBA/UBxNelrhjUI/AAAAAAAAAEg/Rp8rNfVguvg/s1600/2599.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://2.bp.blogspot.com/-gQRXZJcxDBA/UBxNelrhjUI/AAAAAAAAAEg/Rp8rNfVguvg/s1600/2599.gif" /></a><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If you do trading daily at lower time frame, you are Forex over trading.&nbsp; Doing it is not appropriate before you know how to earn income daily. Trading in lower time frame is done by traders who process more information while margins of error are little. Providing a lot of information may mislead the cycle in the Forex market.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The best way to avoid Forex over trading is to make the best plan and share this plan to others. It is like you are on war, you have that courage and a gun but unfortunately you don’t have bullets. Success will be on by planning. When time comes, you will find your balance decreasing. It is the best way compared to those traders who tend to break the rules. It’s like boxers who lose the fight when the best was not given.</span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Knowledge is also an important aspect in Forex. Having proper Forex education avoids Forex over trading. To avoid Forex over trading, you have to be contented. If you break the rules without knowing, you have to make it right as soon as possible before it becomes a habit. Habitual Forex over trading is a violence attitude that can kill your account. To keep on the right track, you have to follow certain rules. The rules to be considered are the following:</span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;">Make a well-</span><span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">developed plan.</span></span></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666;"><span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 115%;">Have some market&nbsp;</span><span style="line-height: 115%;">analysis.</span></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 115%;"><br /></span></span></div><div class="MsoNormal" dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 115%;">Be&nbsp;</span></span><span style="line-height: 115%;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">ready for your setups.</span></span></div><div class="MsoNormal" dir="ltr" style="text-align: left;"><span style="line-height: 115%;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="line-height: 115%;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Make a trading journal. You have to track and record trades.</span></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="line-height: 115%;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"><br /></div><div style="text-align: left;"><span style="line-height: 115%;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Forex over trading can lose your money. However, you don’t have to be afraid of losing. As traders, you must know why your money loses.&nbsp; The reasons may be because you are over-trading, you don’t have proper knowledge and well-planned strategy and you are not contented with what you have. You will be</span></span></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 115%;">successful if you will follow the proper way. Successful and famous traders experienced failure. For them, trading is worth it when you </span><span style="line-height: 115%;">know how to do it right</span><span style="line-height: 115%;">.</span><span style="line-height: 115%;">&nbsp;</span></span></div></div><div class="MsoNormal"><o:p></o:p></div><br /><br /><br /><br /><br /><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://hit.24partners.com/?uid=1964&amp;p=34018&amp;tags=" style="margin-left: 1em; margin-right: 1em;" target="_Top"><img alt="" border="0" height="79" src="http://t.24partners.com/24img.ashx?c=6009&amp;p=34018" width="240" /></a></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-5728644015523439063?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-28127340604752102692012-07-31T01:07:00.000-07:002012-08-03T14:57:49.248-07:00USD/CHF False Break On Daily<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;">False break on daily level of support a good opportunity to take long to the resistance level area marked on the chart .</div><div dir="ltr" style="text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-HY5nKbFoMHk/UBeSBmvlTzI/AAAAAAAAAEQ/Ijq2Fw9JCc0/s1600/usdchf.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://3.bp.blogspot.com/-HY5nKbFoMHk/UBeSBmvlTzI/AAAAAAAAAEQ/Ijq2Fw9JCc0/s320/usdchf.gif" width="320" /></a></div><div dir="ltr" style="text-align: left;"><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /></div></div><div class="separator" style="clear: both; text-align: center;"></div></div><div class="separator" style="clear: both; text-align: center;"><a href="http://hit.24partners.com/?uid=1964&amp;p=33998&amp;tags=" style="margin-left: 1em; margin-right: 1em;" target="_Top"><img alt="" border="0" height="200" src="http://t.24partners.com/24img.ashx?c=2178&amp;p=33998" width="200" /></a></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2812734060475210269?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-73453909950997490892012-07-31T00:54:00.001-07:002012-08-03T14:57:15.804-07:00USD/JPY Opportunity For Long Trade<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The pair created a pin bar on support&nbsp;level&nbsp;and now provides an opportunity for&nbsp;</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">long trade&nbsp;</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The expectation is the pair will continue to increase to the levels that marked in the graph.&nbsp;</span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-IV--E4VMS_s/UBeOOv6q40I/AAAAAAAAAEA/x9a9cUbttjc/s1600/usdjpy.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://3.bp.blogspot.com/-IV--E4VMS_s/UBeOOv6q40I/AAAAAAAAAEA/x9a9cUbttjc/s320/usdjpy.gif" width="320" /></a></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://hit.24partners.com/?uid=1964&amp;p=33998&amp;tags=" style="margin-left: 1em; margin-right: 1em;" target="_Top"><img alt="" border="0" height="200" src="http://t.24partners.com/24img.ashx?c=2178&amp;p=33998" width="200" /></a></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-7345390995099749089?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-17613980554900281642012-07-30T13:35:00.000-07:002012-08-24T18:35:42.987-07:00Pipjet Review-Is It The Best Automated Forex Trading System?<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If you have been trying to figure out which Forex trading system is going to be the best one to use, you have probably been overwhelmed with the number of different options that you have to choose from. There are literally hundreds of different Forex robots floating around on the internet and they all claim to be the best Forex trading system available. While this is going to be purely based on a matter of opinion, there is one solution currently available that has real life data to back up its success. This Forex system is called Pipjet, and it was created by the same team that created Forex Megadroid, which is the #1 Forex trading robot of all time.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: large;"><b>Pipjet Overview</b></span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The Pipjet Forex trading system utilizes a Forex robot that executes successful trades by utilizing the USD/CAD trading pair. It also makes use of a more advanced version of the very successful trading algorithm that was used in the Forex Megadroid software. This technology is called the Reverse Correlated Time and Price Analysis system (RCTPA). The robot is able to determine which trades are the most profitable trades to make and then execute only those trades. This is where other Forex robots trading robots fall short. They are not able to analysis individual trades to see how profitable they will be. By using Pipjet, not only will you be able to decrease the amount of risk that comes with trading, but it will also result in more money in your pocket.<o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal"></div><div class="MsoNormal" dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Another great advantage of the Pipjet system is that it makes trades by using the USD/CAD currency pair. There are many advantages to trading with this particular pair including:</span></div><div dir="ltr" style="text-align: left;"><br /><ul style="text-align: left;"><li style="text-align: left;"><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;">It’s much more predictable than other currency pairs when it comes to price action accuracy&nbsp;</span></li><li style="text-align: left;"><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;">· A majority of traders are unaware of the massive changes that have occurred with this trading pair&nbsp;</span></li><li style="text-align: left;"><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;">· Allows Pipjet to use hidden automated strategies to generate large amounts of profit with minimal risk involved&nbsp;</span></li><li><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;">· Allows Pipjet to generate larger profits in a short amount of time</span></li></ul><ul></ul></div><div class="separator" style="clear: both; text-align: center;"><a href="http://b013blhw5p6q8n6cylod6m0xdd.hop.clickbank.net/" target="_blank"><img border="0" height="258" src="http://3.bp.blogspot.com/-qnBNY4yOgPg/UBRO1IlqGWI/AAAAAAAAADY/I2-hWLUGNn8/s320/pipjet.gif" width="320" /></a></div><br /><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoListParagraphCxSpLast" style="text-align: left; text-indent: -18pt;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;">Also, by using the Pipjet robot, you will be able to take full advantage of the Asian trading session. One of thebiggest advantages to using the Asian session is that due to the decrease in spread, the Asian session is potentially one of the most profitable trading sessions to trade in. This is something that very few traders are aware of and Pipjet takes full advantage of this resource.</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>?Is Pipjet Easy to Use</b></span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;">The Pipjet software is very easy to download and install on your computer. It comes with plenty of instructions and technical support resources should you have any questions. This system is truly a set it and forget it system. Once you input the required data to get it started, it will make all of the necessary adjustments from on its own. The program also has a built in safety feature which will allow the Pipjet development team to prevent it from making any trades during unsafe market conditions.&nbsp;</span><o:p></o:p></span></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This is a great feature to have especially for those who are not very experienced with Forex trading. You also have the ability to disable this feature if you are a more experienced trader and want complete control over your trades.</span><o:p></o:p></div></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="background-color: white; color: #666666; text-indent: -18pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>?Pipjet Right For You</b></span></span></div><div class="MsoNormal" style="text-align: left;"><span style="background-color: white; color: #666666; text-indent: -18pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Pipjet has proven to be one of the more profitable Forex robots available today. The Forex Megadroid team has made public 5 real money live accounts so that traders who are interested in the Pipjet software can see just how profitable it really is. If you are looking for a Forex trading system that has proven to be effective and is backed by one of the most successful Forex software development teams today, then the Pipjet Forex robot is going to be&nbsp;</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">right Forex trading system for you.</span></div><div dir="ltr" style="text-align: left;"><o:p></o:p></div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span><div style="text-align: center;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">One of the real money accounts &nbsp; &nbsp; &nbsp;</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://b013blhw5p6q8n6cylod6m0xdd.hop.clickbank.net/" target="_blank"><img border="0" height="96" src="http://3.bp.blogspot.com/-TmZiEfpQwBg/UBRQImcBUSI/AAAAAAAAADg/QlHZiXtaU_Y/s320/pipjet2.gif" width="320" /></a></div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>?Where Can You Find Pipjet</b></span><o:p></o:p></div><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal" style="text-align: left;"><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; text-indent: -18pt;">&nbsp;You can get instant access to the Pipjet system by simply clicking on this link:&nbsp;<a href="http://b013blhw5p6q8n6cylod6m0xdd.hop.clickbank.net/" target="_blank">GET PIPJET</a></span><o:p></o:p></div><br /><div class="MsoNormal" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><br /><br /><div class="MsoNormal" style="text-align: left;"><b style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: x-large; text-indent: -18pt;"><br /></b></div><div class="MsoNormal" style="text-align: left;"></div><div class="MsoNormal"><o:p></o:p></div><div class="MsoNormal"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><br /><br /><div class="MsoNormal" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><br /><div class="MsoNormal" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><div class="MsoNormal"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div><br /><div class="MsoNormal" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><br /><div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;"><br /></div><div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -18.0pt;"><br /></div><br /><br /><br /><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><br /></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-1761398055490028164?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-82906970328089731482012-07-30T09:34:00.000-07:002012-07-30T09:35:25.578-07:00Nasdaq resistance level<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">See how the resistance level of 2657.50 was holding the nasdq</span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-5Wo75k40Atc/UBa3gBryfkI/AAAAAAAAADw/2jGAye-JCJY/s1600/nasdaq.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="137" src="http://2.bp.blogspot.com/-5Wo75k40Atc/UBa3gBryfkI/AAAAAAAAADw/2jGAye-JCJY/s320/nasdaq.gif" width="320" /></a></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-8290697032808973148?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-53685403078643999832012-07-28T06:25:00.001-07:002012-07-28T06:25:34.362-07:00Gold Technical Analysis<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">as you can see in the gold chart there is still potential for further increases there is 2 pin bars on &nbsp;s<span style="background-color: white; text-align: right;">trong support</span><span style="background-color: white;">&nbsp;1530 price area, the target will be</span><span style="background-color: white;">&nbsp;1790 resistance,stop location preference below 1500.</span></span></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-1mbhgOU-RZs/UBPnfndjvUI/AAAAAAAAADI/vAoHprMHnuY/s1600/gold.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="265" src="http://3.bp.blogspot.com/-1mbhgOU-RZs/UBPnfndjvUI/AAAAAAAAADI/vAoHprMHnuY/s400/gold.gif" width="400" /></a></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div dir="ltr" style="text-align: left;"><br /></div><div dir="ltr" style="text-align: left;"><br /></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-5368540307864399983?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-68193158782617297202012-07-28T05:54:00.003-07:002012-07-30T12:46:28.055-07:00Pin Bar Forex Trading<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Pin bars are one of the most popular </span>price action forex trading strategies.<span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">They show a clear rejection of a price level and are often followed by a large directional move opposite the direction of the rejection.pin bar&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">is the highest-probability setup&nbsp;</span></span><span style="background-color: white; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px;">that are worth risking your earned money on,&nbsp;I prefer to trade only&nbsp;</span></span></span><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: justify;">4 hour and daily time frame,</span><span style="background-color: white; text-align: -webkit-auto; white-space: nowrap;">because&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">is a much higher probability the trade will be&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: right;">Successful.</span></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;"><br /></span></span></span></div><br /><div dir="ltr" style="text-align: right;"><br /></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;">&nbsp; &nbsp;</span></span></span><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: right;">Bearish pin bar</span><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: right;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Bullish pin bar</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-ZM_VC55JQC8/UBPct0hRHsI/AAAAAAAAACo/iAOGaFIdJbc/s1600/bearishpinbar.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="http://4.bp.blogspot.com/-ZM_VC55JQC8/UBPct0hRHsI/AAAAAAAAACo/iAOGaFIdJbc/s200/bearishpinbar.gif" width="124" /></a><a href="http://2.bp.blogspot.com/-gF6Nxa2Q6KU/UBPcr0-2ckI/AAAAAAAAACg/jyo4fYqZT2U/s1600/bullishpinbar.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="http://2.bp.blogspot.com/-gF6Nxa2Q6KU/UBPcr0-2ckI/AAAAAAAAACg/jyo4fYqZT2U/s200/bullishpinbar.gif" width="55" /></a></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;"><br /></span></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Here is an ex e</span></span></span><span style="background-color: white; line-height: 18px; text-align: right;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">xample of a long trade on EUR/USD daily time frame</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;"><br /></span></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-ZBhEPxVJWT8/UBPdVlTnKUI/AAAAAAAAACw/pLI9RVb5R5w/s1600/pin460.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="217" src="http://3.bp.blogspot.com/-ZBhEPxVJWT8/UBPdVlTnKUI/AAAAAAAAACw/pLI9RVb5R5w/s320/pin460.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="color: #666666; text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;">Here is an ex e</span></span></span><span style="background-color: white; line-height: 18px; text-align: right;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">xample of a short trade on USD/CAD 4 hour time frame</span></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-VNjpGh_k91E/UBPfbHDAp4I/AAAAAAAAAC4/SzuOxXgBti0/s1600/pin286.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://4.bp.blogspot.com/-VNjpGh_k91E/UBPfbHDAp4I/AAAAAAAAAC4/SzuOxXgBti0/s320/pin286.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Now&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: right;">after you know what is pin bars and how to trade them&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">you can try trading them on a demo account,and star your way in forex trading.&nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: right;"><br /></span></span></span></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-6819315878261729720?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com0tag:blogger.com,1999:blog-6514418744663937749.post-38866401748628704452012-07-26T13:55:00.002-07:002012-08-24T18:39:11.698-07:00Forex Order Types<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div style="color: #112627; line-height: 1.267em; padding: 0px 0px 10px; text-align: left;"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><strong style="margin: 0px; padding: 0px;">Limit Entry order </strong>A limit entry order is placed to either buy below the current market price or&nbsp;</span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 1.267em;">sell above the current market price.</span></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">Sell Limit Order</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-uDv8w6DlUb8/UBGxD4gDr2I/AAAAAAAAABs/mbq8vFwmPHk/s1600/sell_limit.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://1.bp.blogspot.com/-uDv8w6DlUb8/UBGxD4gDr2I/AAAAAAAAABs/mbq8vFwmPHk/s320/sell_limit.gif" width="320" /></a></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">Buy Limit Order</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-VQjXJ3HtBKM/UBGxgdRWB_I/AAAAAAAAAB0/XDmWza1Q5lM/s1600/buy_limit.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="218" src="http://2.bp.blogspot.com/-VQjXJ3HtBKM/UBGxgdRWB_I/AAAAAAAAAB0/XDmWza1Q5lM/s320/buy_limit.gif" width="320" /></a></div><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div style="color: #112627; line-height: 1.267em; padding: 0px 0px 10px; text-align: left;"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><strong style="margin: 0px; padding: 0px;">Stop Entry order </strong>&nbsp;A stop-entry order is placed to buy above the current market price or sell below it. For example, if you want to trade long but you want to enter on a breakout of a resistance area, you would place your buy stop just above the resistance and you would get&nbsp;</span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 1.267em;">filled as price moves up.</span></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">Sell Stop Order</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-XntIcrdtOc4/UBGyGOWkF-I/AAAAAAAAAB8/-wEpQFB6Hhs/s1600/sell_stop.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="219" src="http://1.bp.blogspot.com/-XntIcrdtOc4/UBGyGOWkF-I/AAAAAAAAAB8/-wEpQFB6Hhs/s320/sell_stop.gif" width="320" /></a></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">Buy Stop Order</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-vN32iMZUR4Y/UBGyk6BgWmI/AAAAAAAAACE/dfnM4I9TXpA/s1600/buy_stop.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://3.bp.blogspot.com/-vN32iMZUR4Y/UBGyk6BgWmI/AAAAAAAAACE/dfnM4I9TXpA/s320/buy_stop.gif" width="320" /></a></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div style="color: #112627; line-height: 1.267em; padding: 0px 0px 10px; text-align: left;"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><strong style="margin: 0px; padding: 0px;">Stop Loss order </strong>A stop-loss order is an order that is connected to a trade for the purpose of&nbsp;</span><span style="font-family: Arial, Helvetica, sans-serif; line-height: 1.267em;">preventing further losses if the price moves beyond a level that you specify.</span></div><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-gpTrvL3iy_4/UBGzUuirwSI/AAAAAAAAACU/N0RzjNHeKKc/s1600/sl.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211" src="http://1.bp.blogspot.com/-gpTrvL3iy_4/UBGzUuirwSI/AAAAAAAAACU/N0RzjNHeKKc/s320/sl.gif" width="320" /></a></div><div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div></div><div style="color: #112627; line-height: 1.267em; padding: 0px 0px 10px; text-align: left;"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><strong style="margin: 0px; padding: 0px;">Trailing Stop </strong>The trailing stop-loss order is an order that is connected to a trade like the standard stop-loss, but a trailing stoploss moves or ‘trails’ the current market price as your trade moves in your favor.</span></div></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-3886640174862870445?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com3tag:blogger.com,1999:blog-6514418744663937749.post-22699787990573013272012-07-26T13:36:00.004-07:002012-08-24T18:43:12.185-07:00Risk / Reward Important Part Of Forex Money Management<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Forex trading is a game of probabilities,&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">traders who learn to view and think about trade setups In terms of risk to reward,</span><span style="background-color: white; line-height: 18px; text-align: justify;">are the ones who usually end up making money in the Forex market.</span><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;D</span><span style="background-color: white; line-height: 18px; text-align: justify;">efined trade setups at the right place and time is definitely a necessary ingredient to Successful trading.</span><span style="background-color: white; line-height: 18px; text-align: justify;">However, it is possible to make consistent money even if your discretionary Trade setup identification skills are not fully matured yet. Risk to reward setups are what give all Traders an equal chance at making consistent money.</span></span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="background-color: white; color: #666666; line-height: 18px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="background-color: white; color: #666666; line-height: 18px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Risk to reward&nbsp;</span></span><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">is one of the most important pieces of the puzzle to profitable trading.</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: justify;">And proper amount of self-discipline and emotional control.</span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: justify;">Learning to think in probabilities and to view the market in terms of risk to reward, it is Necessary to calculate the risk on a trade,</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">then you can calculate the reward as a multiple of the Amount you have at risk.</span></span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Concentrating on the risk first&nbsp;</span></span><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">making you more aware of the risk involved on each trade setup.</span></span></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div></div><div dir="ltr" style="text-align: left;"><br /></div><div dir="ltr" style="text-align: left;"><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Risk level for this setup is 40 pips&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: justify;">the distance from the low to the high of the pin bar.</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: justify;">We will&nbsp;figure 1$ per pip for the example so the risk is 40$ &nbsp;and the profit p</span><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: right;">otential for 2times &nbsp;Risk is 80$ 3times risk is 120$.</span></div></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; color: #112627; font-family: Calibri, 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 14px; line-height: 18px; text-align: justify;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-XuT0WLigFfI/UBGnXbYuw6I/AAAAAAAAABg/HnuitUNAPCc/s1600/rr.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://3.bp.blogspot.com/-XuT0WLigFfI/UBGnXbYuw6I/AAAAAAAAABg/HnuitUNAPCc/s320/rr.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Getting a risk / reward&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: right;">At least</span><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;of 1:1 or 1:2 on every trade, you</span><span style="background-color: white; line-height: 18px; text-align: justify;">&nbsp;</span></span><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">can lose on well over 45-50% of Your trades and still make money.</span></span></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Now we learned from this article is that&nbsp;</span><span style="line-height: 18px; margin: 0px; padding: 0px; text-align: justify;">you can make still money in the forex markets even if You lose&nbsp;</span></span><span style="line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">more trades than you win.</span></span></div><div dir="ltr" style="text-align: left;"><span style="background-color: white; color: #112627; font-family: Calibri, 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 14px; line-height: 18px; text-align: justify;"><br /></span></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-2269978799057301327?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com3tag:blogger.com,1999:blog-6514418744663937749.post-38406877465316515982012-07-26T12:41:00.000-07:002012-07-26T13:44:25.389-07:00Price Action Forex Trading<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: #112627; line-height: 18px; text-align: justify;">&nbsp;</span><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;">What is price action forex trading?</strong></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Price action trading is the art and skill of making all of your trading decisions off of a stripped&nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Down or price chart. This means no lagging indicators outside to help identify dynamic&nbsp;</span>support And resistance<span style="line-height: 18px; text-align: justify;">&nbsp;areas. All financial markets generate data about the movement of a security Over varying periods of time in the form of&nbsp;</span><span style="color: #666666;">price charts</span><span style="line-height: 18px; text-align: justify;">.&nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">All economic data that leads to price movement within a market is first turned into a belief in the Human mind about how this data will affect the market and this belief is then turned into an Action from a trader which reflects itself via price action on a price chart. In this way price action Trading reflects all variables of any market for any given period of time.Price movement Provides all the signals you will ever need to develop a profitable and high-probability trading System.</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Price action forex trading<span style="line-height: 18px; text-align: justify;">&nbsp;can be used to trade any financial market; however the&nbsp;</span>forex market<span style="line-height: 18px; text-align: justify;">&nbsp;Has the deepest liquidity and lowest startup costs as well as widest accessibility of any Financial market, for these reasons it is the most popular market today among retail traders. &nbsp;Price action trading is that you only need to master to be consistently profitable. In fact, having a Simple trading method consisting of minimal setups will work to reduce confusion and stress And allow you to concentrate more on the psychological aspect of trading.</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">Using numerous lagging&nbsp;</span>forex indicators<span style="line-height: 18px; text-align: justify;">&nbsp;on your charts confusing you and are one of the main Reasons why you are still unsuccessful.</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Look at the two charts below and ask yourself which one seems more logical and less stressful&nbsp;</span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;"><br /></span></span></div><div dir="ltr" style="text-align: left;"><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Messy vs clean price charts</span></strong></div><div dir="ltr" style="text-align: left;"><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></strong></div><div dir="ltr" style="text-align: left;"><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></strong></div><div dir="ltr" style="text-align: left;"><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></strong></div><div dir="ltr" style="text-align: center;">Messy chart</div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-WKqueOg0-D8/UBGZpBV3NUI/AAAAAAAAABE/OadOeiH5JQo/s1600/me.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="216" src="http://1.bp.blogspot.com/-WKqueOg0-D8/UBGZpBV3NUI/AAAAAAAAABE/OadOeiH5JQo/s320/me.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: center;">Clean price Chart</div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-faltQSmOZso/UBGZwKtMr0I/AAAAAAAAABM/Re_rgFeKX40/s1600/price.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://4.bp.blogspot.com/-faltQSmOZso/UBGZwKtMr0I/AAAAAAAAABM/Re_rgFeKX40/s320/price.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">You could learn to trade off a clean price action only,</span><span style="background-color: white; line-height: 18px; text-align: justify;">Price action setups are the best predictor Of future price movement,</span></span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="line-height: 18px; text-align: justify;">&nbsp;</span>Price action<span style="line-height: 18px; text-align: justify;">&nbsp;is the best indicator of the aggregate belief of all market Participants.</span></span><span style="background-color: white; color: #112627; font-family: Calibri, 'Helvetica Neue', Helvetica, Arial, Verdana, sans-serif; font-size: 14px; line-height: 18px; text-align: justify;">&nbsp;</span></div><div class="separator" dir="ltr" style="clear: both; text-align: left;"><span style="background-color: white; line-height: 18px; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Bottom line is that there is just no logical explanation for using lagging indicators. Price action Analysis takes into account all market variables.</span></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div dir="ltr" style="text-align: left;"><strong style="color: #112627; line-height: 18px; margin: 0px; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></strong></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-3840687746531651598?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com4tag:blogger.com,1999:blog-6514418744663937749.post-59436398241111990092012-07-26T09:36:00.000-07:002012-08-24T18:44:07.558-07:00Forex Trading With Money Management<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="ltr" style="text-align: left;"></div><div style="text-align: left;"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;">If you are reading this article then you are are probably looking for more information regarding Trading with money management. It is true that one of the real keys to success when it comes To Forex trading is a good money management strategy.</span><span style="font-size: large;"><o:p></o:p></span></span></span></div></div><br /><div style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;"><br /></span></span></div><div style="text-align: left;"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666;"><span style="font-family: Arial, Helvetica, sans-serif;">When you are trading with money management then you will be able to protect your capital and Make sure that you keep your profits as high as possible and limit your losses. In principle this Sounds quite easy, however there are far too many people who break these simple rules.</span><span style="font-size: large;"><o:p></o:p></span></span></span></div></div><br /><div style="text-align: left;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><span style="color: #666666;"><br /></span></span></div><div style="text-align: left;"></div><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">I will firstly discuss what your money management strategy should not look like. One of these Examples is a strategy which is called the “martingale” strategy which involves increasing your Trade size after every loss. However it is important to point out that this is actually the opposite Of what good money management strategy does.</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><span lang="EN"></span><br /><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">This strategy was initially developed for the game of roulette, however many people try to Implement this strategy when it comes to trading. The logic behind it is that if you lose a trade Then you need to win that amount back and make a small profit in the next trade. However this Strategy can result in you going broke due to the size of the loss or through not being able to Increase the size of your trade anymore because of a lack of available leverage.</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><span lang="EN"></span><br /><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">One of the best money management strategies is to simply set a risk percent per trade and Then adjust the size of your lot after each trade. However the important question is how much Should you risk per trade? You should choose a level of drawdown that you never want to Surpass then you will need to observe the results of your system from the previous 12 months. Your risk percent setting should generate a maximum drawdown of half of that value on the Backtest.</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><span lang="EN"></span><br /><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If you ever reach the point where you get to the maximum drawdown you set you should stop Trading with the system and use paper trading in order to observe whether it picks up again. If The drawdown actually reaches double the size than ever before this means that it is likely that Your system is not working correctly or the backtest is not reliable.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><span lang="EN"></span><br /><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">You should also always look at the factors surrounding Forex trading. If you rely on leveraging Then it is important that you are aware that the volatility of the currencies can be significantly Pronounced so it is important that you always keep your account under review in order to Monitor your investment and ensure that it is not in danger.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div><span lang="EN"></span><br /><div style="text-align: left;"><div dir="ltr" style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">An important aspect of trading with money management is that you always keep accurate Records of your losses&nbsp;as this will also help you to determine the direction of your investment. Money management is a vital part of Forex trading regardless of how much money you are Investing. It is also recommended that you spready your money across the board instead of Having growth spurts at one point.</span><span style="font-size: large;"><o:p></o:p></span></span></div></div><br /><br /><br /><br /><br /><br /></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-5943639824111199009?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com2tag:blogger.com,1999:blog-6514418744663937749.post-12963236344813831072012-07-19T04:33:00.003-07:002012-08-24T18:44:27.781-07:00Forex Trading Psychology<div dir="rtl" style="text-align: right;" trbidi="on"><div style="text-align: center;"></div><h3 dir="ltr" style="margin: 1.5em 0px; padding: 0px; text-align: left;"> <div style="text-align: center;"></div><div></div><div style="text-align: center;"><h3> </h3></div><div style="text-align: left;"><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></div><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">trading psychology. Many people are frightened about Forex trading because they think it is too difficult and they are worried that they may lose money. However this is not true because with the right trading psychology along with some easy to implement techniques, Forex trading can be effortlessly conquered.<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">Most of the techniques involve the mind of the trader and this is described as Forex trading psychology. Research has found that over 90% of a trader’s success depends on their trading psychology.<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">It is important to note that a successful Forex trader will always trade with a per-determined plan. A trader will have fixed and realistic goals as well as use proven methods which will enable the trader to earn realistic returns over the long term.<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><span lang="EN">When a trader has a solid plan then they will know what to do every step of the way in order to</span><span style="background-color: white;">&nbsp;achieve their goals and they will always be aware of what results they can reasonably expect.</span><span style="background-color: white;">&nbsp;</span></span></div><div style="text-align: left;"><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></div><div style="text-align: left;"><span style="font-weight: normal;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">A successful trader is always disciplined and this is something that many Forex traders find difficult. However if you have a solid and proven plan as well as goals to keep you motivated, then it is easier to become disciplined. Learning how to control your emotions and&nbsp;</span></span><span style="background-color: white;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;">overcome impulses is an important part of becoming a successful trader.</span></span></span></div><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></span></div><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">Aa successful trader will always follow a sound money management strategy. Quite simply if you are a trader who does not have a money management strategy then you will end up going broke. Proper money management rules are vital and should always be included in your Forex trading plan.<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">It is important to point out that the attitude of a trader is often the difference between success and failure. The correct trading psychology is one which makes honest assessments as well as accept events which have already taken place.&nbsp;<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">You need to learn to accept that losses are a normal part of the Forex trading business. It is recommended that you make a slow but steady start, be neutral as well as non judgemental about oneself.<o:p></o:p></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">It is also important that you understand that currency trading takes place in an environment which offers a variety of unique challenges. You need to be aware that markets are powerful, work ethics do not count for anything and also being very clever does not necessarily mean you will be successful.&nbsp;<o:p></o:p></span></div><div style="text-align: left;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></span></div><span style="font-weight: normal;"><span lang="EN" style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></span><br /><div style="text-align: left;"><span lang="EN" style="font-size: small; font-weight: normal;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Therefore it is vital that you have the correct trading psychology. You need a solid plan, act with discipline and apply the right rules in order to become a successful trader.&nbsp;</span><o:p></o:p></span></div><div style="text-align: left;"><span style="font-size: small; font-weight: normal;"><br /></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div><div style="text-align: left;"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></span></div></div><div style="text-align: left;"><div style="text-align: left;"><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;"><br /></span></div></div><span style="font-weight: normal;"><span style="font-size: small;"><span style="color: #333333; font-family: Arial, Helvetica, sans-serif;"><div style="text-align: left;"><div style="text-align: left;"><span style="line-height: 18px;"><br /></span></div></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left; text-decoration: inherit;"><div style="text-align: left;"></div></span><div style="text-align: left;"><br /></div></span> </span><span lang="EN"><div style="text-align: left;"><br /></div><span style="font-family: Arial, Helvetica, sans-serif; font-weight: normal;"><span style="color: #333333; font-size: small; line-height: 18px; text-decoration: inherit;"> <o:p></o:p></span></span></span> </h3></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-1296323634481383107?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com2tag:blogger.com,1999:blog-6514418744663937749.post-57505843440903808192012-07-18T08:51:00.000-07:002012-08-24T18:44:36.771-07:00Forex Trading Benefits<div dir="rtl" style="text-align: right;" trbidi="on"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span><h3 style="direction: ltr; line-height: 18px; margin: 0px; padding: 0px; text-align: left; text-decoration: inherit;"> </h3><h3 style="direction: ltr; line-height: 18px; margin: 0px; padding: 0px; text-align: left; text-decoration: inherit;"> </h3><h3 style="direction: ltr; line-height: 18px; margin: 0px; padding: 0px; text-align: left; text-decoration: inherit;"> </h3><h3 style="direction: ltr; line-height: 18px; margin: 0px; padding: 0px; text-align: left; text-decoration: inherit;"> <span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small;"> 24 Hour Market</span></h3><div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></div><div style="text-align: left;"><div style="direction: ltr; text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; line-height: 18px; text-align: left;">Since the&nbsp;</span><span style="line-height: 18px; text-align: left;">forex</span><span style="background-color: white; line-height: 18px; text-align: left;">&nbsp;market is worldwide, trading is continuous as long as there is a&nbsp;</span><span style="line-height: 18px; text-align: left;">market open&nbsp;</span><span style="background-color: white; line-height: 18px; text-align: left;">some where in the world. Trading starts when the markets open in Australia on Sunday evening, and ends after markets close in New York on Friday.</span></span></div></div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;"></span><div style="direction: ltr;"><div class="lsItm" style="clear: left; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><h3 style="font-style: inherit; margin: 0px; padding: 0px; text-align: justify; text-decoration: inherit;"> <span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; line-height: 18px; text-align: left;">Liquidity</span></h3><div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;"><br /></span></div><div style="text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;">In forex we can move large amounts of money into and out of foreign currency with minimal price movement.</span></div></div><div class="lsItm" style="clear: left; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><div class="lsItm" style="clear: left; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><h3 style="font-style: inherit; margin: 0px; padding: 0px; text-align: justify; text-decoration: inherit;"> <span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; line-height: 18px; text-align: left;">&nbsp;Leverage</span></h3><div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;"><br /></span></div><div style="text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;">Leverage is the ability to trade more money on the market than what is actually in the trader's account. If you were to trade at 50:1 leverage, you could trade $50 on the market for every $1 that was in your account. This means you could control a trade of $50,000 using only $1000 of capital.</span></div></div><div class="lsItm" style="clear: left; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><h3 style="font-style: inherit; margin: 0px; padding: 0px; text-align: justify; text-decoration: inherit;"> <span style="color: #666666; font-family: Arial, Helvetica, sans-serif; font-size: small; line-height: 18px; text-align: left;">Profit Potential&nbsp;</span></h3><div><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;"><br /></span></div><div style="text-align: justify;"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif; line-height: 18px; text-align: left;">The forex market has no restrictions for directional trading. This means, if you think a&nbsp;currency pair&nbsp;is going to increase in value you can buy it, or go long. Similarly, if you think it could decrease in value you can sell it, or go short.</span></div></div><div class="lsItm" style="clear: left; color: #333333; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><div dir="rtl" style="text-align: center;"><span style="font-family: verdana; font-size: 12px; line-height: 18px; text-align: left;"></span></div></div><div class="lsItm" style="clear: left; color: #333333; margin: 1.5em 0px; padding: 0px; text-decoration: inherit;"><br /></div></div></div><span style="font-family: verdana; font-size: 12px; line-height: 18px; text-align: left;"></span></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-5750584344090380819?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com2tag:blogger.com,1999:blog-6514418744663937749.post-17020489034847724722012-07-18T06:02:00.000-07:002012-08-24T18:46:15.818-07:00What Is Forex Trading?<div dir="rtl" style="text-align: right;" trbidi="on"><div dir="rtl" style="text-align: right;" trbidi="on"><div style="text-align: left;"></div><div dir="ltr" style="text-align: left;"><div style="text-align: center;"><div style="text-align: left;"><div style="text-align: justify;"><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">If you are reading this article then you are probably looking for more information regarding Forex trading. You may already be familiar with the phrase as you may have come across it on The television or on various websites, however just what is Forex trading? The Forex market is Operated 5.5 days a week and is it available to anyone who has a computer as well as an Internet connection. Forex trading can be carried out from anywhere in the world and it is Important to point out that it is completely different to stock trading.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN"></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Forex trading involves a particular trader buying and selling different currency pairs and Currencies from various countries are then traded against each other. For example the Currency in Europe apart from the UK is known as the Euro and in the United States the Currency is known as the US dollar. Currency pairs include the EUR/USD which is the Euro and The US dollar and the GBP/JPY which is the British Pound and the Japanese Yen. There are a Variety of different currency pairs that can be traded and Forex trading is the process where You will either buy or sell a currency with the knowledge that it will either go up or down. You can Then make a profit based on the price you purchased it at and by how far it moves.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><div style="text-align: left;"><span lang="EN"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">You may be wondering why an individual would want to trade the Forex market instead of the More traditional stock market.The main reason is that the Forex market is open 5.5 days a Week and it is a 24 hour market.This means that the Forex market gives you the ability to open&nbsp;</span></span></span><span style="background-color: white; color: #666666; font-family: Arial, Helvetica, sans-serif;">And close your trades at anytime of the day. The other main reason why people choose the Forex market is because it is a volatile market which means you can make large profits if you Are lucky enough to be on the right side of the trade.</span><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">&nbsp;</span></div><span lang="EN"><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span></span><span lang="EN"><span lang="EN"></span></span><br /><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody><tr><td style="text-align: center;"><a href="http://2.bp.blogspot.com/-vqGW6vpYksw/UB7JntKapvI/AAAAAAAAAEw/PJv1ol3qK_Q/s1600/ID-10024507.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" height="200" src="http://2.bp.blogspot.com/-vqGW6vpYksw/UB7JntKapvI/AAAAAAAAAEw/PJv1ol3qK_Q/s200/ID-10024507.jpg" width="200" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 20.78333282470703px; text-align: start;">FreeDigitalPhotos.net</span></td></tr></tbody></table><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">Forex trading is quite similar to more traditional methods of trading. However instead of Purchasing bonds or stocks then you will be buying and selling currency pairs with the Knowledge that you will make a profit from its movement.</span><span style="font-size: large;"><o:p></o:p></span></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN"></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">The word Forex is actually an acronym for the "Foreign Exchange". There are many places Online where trades can be completed either through a market maker or a broker. In order to Place an order this usually will only require a few clicks of a button and when your order has Been received then it will be passed on to a partner in the Interbank Market so that your Position can be filled. Once you decide to close your trade then the broker will finalize your Position on the Interbank Market and your Forex trading account will then be credited with any Gains or losses you have made.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN"></span><br /><span lang="EN"><span style="color: #666666; font-family: Arial, Helvetica, sans-serif;">When you first start trading Forex then it can be difficult to understand the process so it is Recommended that you get some training in order to learn about how the Forex market works. You can also learn about Forex trading charts which will then increase your understanding of How the market operates.&nbsp;</span><span style="font-size: large;"><o:p></o:p></span></span><br /><br /><br /><br /><br /></div></div></div></div><div dir="ltr" style="text-align: left;"><div style="text-align: center;"><div style="text-align: left;"><div style="text-align: justify;"><span lang="EN"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span><span lang="EN"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span><br /></div></div></div></div></div><div dir="ltr" style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://rc123456.pipjet.hop.clickbank.net/" style="margin-left: 1em; margin-right: 1em;"> <img alt="" height="47" src="http://www.pipjet.com/static/content_1/43838.gif" width="400" /></a></div></div></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6514418744663937749-1702048903484772472?l=www.freeforextrading.org' alt='' /></div>RCnoreply@blogger.com2