Wednesday, April 18, 2007
Forex Trading using MACD
Forex Trading using MACD -
As I mentioned in one of my previous posts, MACD is one of the very powerful and widely used technical indicator. In fact it is one of the very common indicators used in most of the currency trading system.
However, this indicator needs to be used very smartly. Thats because this is a lagging indicator, which means that it gives a trading confirmation after the event has already occured. However, it is more than useful. Still I have found that newbies are not able to understand how to use full advantage of this.
Well, I have come across a course that can help you with this..Its the famous forex trading and education course from Peter Bain. Its called Forex Mentorship course. The course takes the advantage of MACD & Pivot points very beautifully. The course is more of forex day trading course and is DVD based. So, its not an ebook where you don't have visually someone taking you through it.
I went through the system last week and was more than impressed. In fact its so good that I have put a banner of this trading course on this blog and am recommending it to all the readers.
Here is something. The course is a bit pricey..Not as much as other courses available. However, more than a typical ebook. But, I have seen that newbies purchasing one ebook which they won't understand completely and then will buy another and then another. Eventually they will realize that they almost have spend $1000 and still haven't learned much about a proven system.
Instead, here is what I recommend - Buy this system from Peter Bain and then this alone should be sufficient. Go through it and then paper trade for a while and then go live in the forex market.
Thats all in this session. Visit again to learn more on Forex day trading.
As I mentioned in one of my previous posts, MACD is one of the very powerful and widely used technical indicator. In fact it is one of the very common indicators used in most of the currency trading system.
However, this indicator needs to be used very smartly. Thats because this is a lagging indicator, which means that it gives a trading confirmation after the event has already occured. However, it is more than useful. Still I have found that newbies are not able to understand how to use full advantage of this.
Well, I have come across a course that can help you with this..Its the famous forex trading and education course from Peter Bain. Its called Forex Mentorship course. The course takes the advantage of MACD & Pivot points very beautifully. The course is more of forex day trading course and is DVD based. So, its not an ebook where you don't have visually someone taking you through it.
I went through the system last week and was more than impressed. In fact its so good that I have put a banner of this trading course on this blog and am recommending it to all the readers.
Here is something. The course is a bit pricey..Not as much as other courses available. However, more than a typical ebook. But, I have seen that newbies purchasing one ebook which they won't understand completely and then will buy another and then another. Eventually they will realize that they almost have spend $1000 and still haven't learned much about a proven system.
Instead, here is what I recommend - Buy this system from Peter Bain and then this alone should be sufficient. Go through it and then paper trade for a while and then go live in the forex market.
Thats all in this session. Visit again to learn more on Forex day trading.
Labels: currency trading, forex day trading, forex mentor, forex trading ebook, MACD, peter bain
