Friday, February 13, 2009
Forex Trading - Forex Profit Farm can be the answer to trading successfully!
People struggle in Forex Trading! Thats a cold fact for 90% of traders in forex market. They struggle in making a single profitable trade, let alone making a good living.
For most of the forex traders, the problem is not that they don't have commitment or money to spare. The problem is that they receive the systems from wrong hands(with that I mean fake Gurus)
When you are going to get a system which is created by someone who doesn't know forex trading at all, do you think you can ever make money in Forex?
Thats a cold reality and yet people keep falling in the trap again and again.
All such forex trading systems are very ambiguous and they don't cover a lot of things such as there are no clear cut guidelines on when to place the trade, when to exit the trades, how to manage the trades and so forth.
They leave a lot of things for traders to figure out or make assumptions about!
But Forex Profit Farm will be much different from them.
The reason for me to say this is because Forex Profit Farm is not only an extremely profitable forex trading system, but it also contains all the necessary ingredients that a trader requires to trade in forex market.
This Forex Trading System contains -
1. Clear Cut guidelines on when to trade
2. Elaborate explaination of how to manage the trade for maximum profits.
3. Clear defined on when to exit the trade
4. Details on when not to trade.
All this is done through manuals and videos.
With all such details, I am sure Forex Profit farm will be well received by the traders and I am also sure that this forex Trading System will give run for their money to most systems out there.
Click on the link to check out Prelaunch Page for Forex Profit Farm and also get a free gift for Forex Trading -
Forex Profit Farm - Forex Day Trading System
For most of the forex traders, the problem is not that they don't have commitment or money to spare. The problem is that they receive the systems from wrong hands(with that I mean fake Gurus)
When you are going to get a system which is created by someone who doesn't know forex trading at all, do you think you can ever make money in Forex?
Thats a cold reality and yet people keep falling in the trap again and again.
All such forex trading systems are very ambiguous and they don't cover a lot of things such as there are no clear cut guidelines on when to place the trade, when to exit the trades, how to manage the trades and so forth.
They leave a lot of things for traders to figure out or make assumptions about!
But Forex Profit Farm will be much different from them.
The reason for me to say this is because Forex Profit Farm is not only an extremely profitable forex trading system, but it also contains all the necessary ingredients that a trader requires to trade in forex market.
This Forex Trading System contains -
1. Clear Cut guidelines on when to trade
2. Elaborate explaination of how to manage the trade for maximum profits.
3. Clear defined on when to exit the trade
4. Details on when not to trade.
All this is done through manuals and videos.
With all such details, I am sure Forex Profit farm will be well received by the traders and I am also sure that this forex Trading System will give run for their money to most systems out there.
Click on the link to check out Prelaunch Page for Forex Profit Farm and also get a free gift for Forex Trading -
Forex Profit Farm - Forex Day Trading System
Labels: forex day trading, Forex day trading system, forex profit farm, forex trading system
Tuesday, December 11, 2007
Forex Day Trading System - How does Oil Prices effect Forex market?
Forex Day Trading System - Does Oil Prices effect Forex market?
Yes, they truely do..Oil price has good, if not strong, coorelation with the currency pair movement.
The movement of oil price in any direction is due to the demand and supply. If the demand of oil is more, the price will increase else otherwise. Since, USA is not a producer of oil, increase in demand will essentially mean that USA will have to import more oil and at a higher price.
This will effectively mean that the USD will intern become weaker aginst the currency of the country from where the oil is being imported.
Currently, USA imports oil primarily from Canada. So, no wonder CAD is currently very strong against USD.
But, does the oil price effect all the forex pairs? I don't think so. I guess its only in the currency pairs where currencies are from oil trading nations.
This information is very important when placing trade in USD/CAD currency pair. If the USD/CAD market looks to be pro USD using any forex day trading system or swing tarding, it may not be true.
Thats all in this session..Feel free to join my newsletter by entering information in the box below. Keep visiting to learn more about forex day trading.
Yes, they truely do..Oil price has good, if not strong, coorelation with the currency pair movement.
The movement of oil price in any direction is due to the demand and supply. If the demand of oil is more, the price will increase else otherwise. Since, USA is not a producer of oil, increase in demand will essentially mean that USA will have to import more oil and at a higher price.
This will effectively mean that the USD will intern become weaker aginst the currency of the country from where the oil is being imported.
Currently, USA imports oil primarily from Canada. So, no wonder CAD is currently very strong against USD.
But, does the oil price effect all the forex pairs? I don't think so. I guess its only in the currency pairs where currencies are from oil trading nations.
This information is very important when placing trade in USD/CAD currency pair. If the USD/CAD market looks to be pro USD using any forex day trading system or swing tarding, it may not be true.
Thats all in this session..Feel free to join my newsletter by entering information in the box below. Keep visiting to learn more about forex day trading.
Labels: currency pair, forex day trading, fundamental analysis, oil price, USD/CAD
Sunday, November 18, 2007
Forex Day Trading System - Thanks for joining
Thanks to all of you who have joined my list and shown an interest in reviewing my currency trading course which will be launched quite soon. Remember the course contains a lot of interesting material and will have excellent strategies. So I need all the joinees of my list who will be selected to review this course to maintain confidentiality.
Very soon all of you will receive an email from me which will contain few important things I need to tell you. So check your inbox very soon.
Also, I am finding that quite a few of you have shown interest in reviewing, and have entered their name and email address in the box given below, however, they have not confirmed their subscription. If that happens, I am sorry, you do not get added to the list.
Remember to be added to the list and receive emails from me, you need to do below -
1. Add your name and email address in the form below.
2. After you submit the form below, you'll receive an email from me that will have a confirmation link.
3. Click this confirmation link as this is to confirm that you wanted to join my list. This is necessary to avoid SPAM complaints. WITHOUT THIS, YOU MAY NOT BE ABLE TO RECEIVE EMAILS FROM ME.
4. Once you click the link, this will confirm your joining and you will receive a "Welcome" email from me..:-)
So, incase you have not confirmed to the joining, check your email box and click the link.
Thats all in this message..Visit soon to learn on Forex day Trading.
Very soon all of you will receive an email from me which will contain few important things I need to tell you. So check your inbox very soon.
Also, I am finding that quite a few of you have shown interest in reviewing, and have entered their name and email address in the box given below, however, they have not confirmed their subscription. If that happens, I am sorry, you do not get added to the list.
Remember to be added to the list and receive emails from me, you need to do below -
1. Add your name and email address in the form below.
2. After you submit the form below, you'll receive an email from me that will have a confirmation link.
3. Click this confirmation link as this is to confirm that you wanted to join my list. This is necessary to avoid SPAM complaints. WITHOUT THIS, YOU MAY NOT BE ABLE TO RECEIVE EMAILS FROM ME.
4. Once you click the link, this will confirm your joining and you will receive a "Welcome" email from me..:-)
So, incase you have not confirmed to the joining, check your email box and click the link.
Thats all in this message..Visit soon to learn on Forex day Trading.
Labels: forex day trading, forex trading ebook, learn forex trading
Wednesday, November 07, 2007
Forex Day Trading - Important Announcement!!
Forex Day Trading System- Important Announcement!!
I have an important announcement to make..Infact I need your help. As you know I told you in some of my previous posts that I am going to launch a new Forex Trading course. It is an ebook which contains great strategies. Not only are these strategies very effective, they are very easy to use as well.
This course is currently getting prepared. However before I can start selling it in the market, I need to make sure that it is in good and nice shape. It should have nice concept flow, nice diagrams, nice chart pictures, easy to understand language and so forth.
For that I might need some volunteers. Once my course is ready, I need some people who can review this course and can give me review comments which will help me improve this forex trading course before I start selling it out.
If you are interested, please feel free to let me know. You can enter your email and name in the box below so that I can contact you when the ebooks are ready.
Meanwhile let me tell you, that once you join my list, -
1. I'll send you an ebook on currency trading for which I have the complete rights. Not only is the content of the book great, it also has excellent presentation. I request you to read it. This will increase your knowledge as well as would help you understand on what lines should you review my day trading course.
2. There is GREAT advantage you'll have once you join my list which I cannot tell you on this blog. For that I'll send a separate mail to all those who will volunteer to join.
So go ahead and join enter your email id and name below if you would like to get hands on my course for free. Once again, here are the advantages you have -
1. Get free copy of my course before it is available in market. (Ofcourse you'll have to review it..:-))
2. Get free ebooks, video lessons (only for people on my list) on my new website. These ebooks/video lessons are really superb!!
3. A secret advantage..!!
So, if you are interested, then join now by entering your email id and name in the form given below.
Thats all in this message..Keep visiting to learn more on fx trading.
Labels: 5 EMA forex trading system, currency trading, forex day trading, forex trading ebook
Monday, October 29, 2007
Forex Day Trading System - Where will the anti USD rally End?
Forex Day Trading System - Where will the anti USD rally End?
USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.
Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.
Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to do is trade only in the direction of trend which means don't open the currency trade that is bullish on USD.
This effectively means that buy only when the currency pairs are retracing. So, when EUR/USD is retracing and hits a pivot point, then open the trade on confirmation. The pivot point can be a major support resistance level such as 38.2/50/61.8 fibonacci level, a major support line, 200 EMA, double bottom pint etc.
Currently it just looks USD bearish. So use your forex system and enter the trade..:-)
Thats all in this short message..Keep visiting to learn more on online forex trading.
USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.
Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.
Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to do is trade only in the direction of trend which means don't open the currency trade that is bullish on USD.
This effectively means that buy only when the currency pairs are retracing. So, when EUR/USD is retracing and hits a pivot point, then open the trade on confirmation. The pivot point can be a major support resistance level such as 38.2/50/61.8 fibonacci level, a major support line, 200 EMA, double bottom pint etc.
Currently it just looks USD bearish. So use your forex system and enter the trade..:-)
Thats all in this short message..Keep visiting to learn more on online forex trading.
Labels: EUR/USD, forex day trading, GBP/USD, pivot points, support and resistance
Wednesday, October 10, 2007
Forex Day Trading System - Answers to your questions
Forex Day Trading System - Answers to your trading questions
Quite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.
I'll try to answer few of these -
Q - How should I identify the entry point when trading GBP/USD on a 15 min. chart?
A - Trading any currency pair will require he view at a high level. So in your case you need to see the trend on a 1 hr chart. If it is bullish, your forex trade entry direction should be long. After this, you should use your forex trading strtaegy to identify when should you enter. For. e.g. if you trade using support and resistance, then identify a major resistance on 1hr chart and one the market bounces from that level, open your trade.
Along with your entry, you should place equal emphasis on exit also.
Q. Which currency pair is best to day trading?
A. It depends on the time frame. If you are trading between 8 AM EST to 2 PM EST, you should only trade USD based pairs such as EUR/USD, USD/CHF, GBP/USD etc. But try to pick only those frex pairs in which the spread is low because in daytrading your profit levels are low (In range of 30-40 pips max.)
Q. Which forex trading strategy course should I be using?
A. 5 EMAS forex trading strategy and Forex Trading machine ..Hands down. I won't recommend any other. However use only one of them. Both are different is using.
While forex trading machine from Avi Frister is more automated type of trading system, 5EMAs forex trading by Adam Burgoyne requires to identify entry and exit signals..So on the basis of your trading style, select only one of them.
Thats all in this message..I'll answer your other questions in other messages. If you have any, please feel free to post in the comments.
Keep visiting to learn more in online forex mrket and trading.
Quite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.
I'll try to answer few of these -
Q - How should I identify the entry point when trading GBP/USD on a 15 min. chart?
A - Trading any currency pair will require he view at a high level. So in your case you need to see the trend on a 1 hr chart. If it is bullish, your forex trade entry direction should be long. After this, you should use your forex trading strtaegy to identify when should you enter. For. e.g. if you trade using support and resistance, then identify a major resistance on 1hr chart and one the market bounces from that level, open your trade.
Along with your entry, you should place equal emphasis on exit also.
Q. Which currency pair is best to day trading?
A. It depends on the time frame. If you are trading between 8 AM EST to 2 PM EST, you should only trade USD based pairs such as EUR/USD, USD/CHF, GBP/USD etc. But try to pick only those frex pairs in which the spread is low because in daytrading your profit levels are low (In range of 30-40 pips max.)
Q. Which forex trading strategy course should I be using?
A. 5 EMAS forex trading strategy and Forex Trading machine ..Hands down. I won't recommend any other. However use only one of them. Both are different is using.
While forex trading machine from Avi Frister is more automated type of trading system, 5EMAs forex trading by Adam Burgoyne requires to identify entry and exit signals..So on the basis of your trading style, select only one of them.
Thats all in this message..I'll answer your other questions in other messages. If you have any, please feel free to post in the comments.
Keep visiting to learn more in online forex mrket and trading.
Labels: 5 EMAs Forex Trading System, Adam Burgoyne, avi frister, currency pair, entry and exit, forex day trading, forex trading ebook, forex trading machine, GBP/USD
Tuesday, September 18, 2007
Forex Day Trading - FOMC Rate decision push to market
Forex Day Trading - FOMC Rate decision push to market
Today the FOMC meeting was scheduled and the fx market was speculating about the rate interest decision from the meeting as that will have direct impact on $$ based currency pairs.
If the interest rates go up AS PER EXPECTATION then its USD bullish and which means USD will get stronger and will cause EUR/USD, GBP/USD and other pairs to tumble.
But today the forex news on FOMC was not as per expectation and this has caused the currency pairs to move in anti-$$ direction.
The market jump was significant and my trade was open. But my trade was in favour of USD, so guess what, my trade closed by hitting -35 pips stop loss. Well thats the drawback of trading during fundamental announcement time. The market moves due to fundamental announcement, but it honors technical also. E.g. the market will move heavily and then hit the 200 EMA to retrace back.
Thats all in this message..Visit again to learn more on forex day trading.
Today the FOMC meeting was scheduled and the fx market was speculating about the rate interest decision from the meeting as that will have direct impact on $$ based currency pairs.
If the interest rates go up AS PER EXPECTATION then its USD bullish and which means USD will get stronger and will cause EUR/USD, GBP/USD and other pairs to tumble.
But today the forex news on FOMC was not as per expectation and this has caused the currency pairs to move in anti-$$ direction.
The market jump was significant and my trade was open. But my trade was in favour of USD, so guess what, my trade closed by hitting -35 pips stop loss. Well thats the drawback of trading during fundamental announcement time. The market moves due to fundamental announcement, but it honors technical also. E.g. the market will move heavily and then hit the 200 EMA to retrace back.
Thats all in this message..Visit again to learn more on forex day trading.
Labels: FOMC, forex day trading, forex ema, forex news, fundamental announcement, fx market, stop loss
Saturday, August 25, 2007
Forex day trading - How do you decide the stop loss?
Forex day trading - How do you decide the stop loss?
The importance of a stop loss when placing a trade, is very evident. One will not want the entire account balance to come to zero which can happen if stop loss is not in place.
But how do you decide a stop loss? Should it be anything?? Are there any factors that decide the stop loss?
There absolutely are the factors -
1. Foremost is how much can you risk? That amount should not only drive your stop loss, but it should also decide the time frame you should forex trade on.
2. The indicators you use. Ideally the stop loss should be the below the indicators you use to decide entry point. For example if you use 5 ema, then your stop loss can be few pips below that ema (exponential moving average)
3. The time frame you place your forex trades at. If you use 15 min chart, the stop loss should be at least 20 pips. If 1 hr chart, then atleast 40-45 pips.
4. Fundamental news or announcements. Always make sure that there are no fundamental announcements such as NFP (Non Farm Payroll) or FOMC etc are coming out. Since they can hit your stop loss in seconds if the news are against your direction of trade.
Thats all in this message...Keep visiting to learn more on online forex trading.
The importance of a stop loss when placing a trade, is very evident. One will not want the entire account balance to come to zero which can happen if stop loss is not in place.
But how do you decide a stop loss? Should it be anything?? Are there any factors that decide the stop loss?
There absolutely are the factors -
1. Foremost is how much can you risk? That amount should not only drive your stop loss, but it should also decide the time frame you should forex trade on.
2. The indicators you use. Ideally the stop loss should be the below the indicators you use to decide entry point. For example if you use 5 ema, then your stop loss can be few pips below that ema (exponential moving average)
3. The time frame you place your forex trades at. If you use 15 min chart, the stop loss should be at least 20 pips. If 1 hr chart, then atleast 40-45 pips.
4. Fundamental news or announcements. Always make sure that there are no fundamental announcements such as NFP (Non Farm Payroll) or FOMC etc are coming out. Since they can hit your stop loss in seconds if the news are against your direction of trade.
Thats all in this message...Keep visiting to learn more on online forex trading.
Labels: entry and exit, forex day trading, forex pips, forex technical indicators, fundamental announcement, nfp, stop loss
Friday, August 17, 2007
Forex Day Trading - Pounding by USD
Forex Day Trading - Pounding by USD on all the currency pairs
Did you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).
EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips. The market was really great trend wise.
The technical indicators were all holding up - there was a massive MACD divergance on daily chart, the EMA, the stochastic and RSI, all were confirming USD bullishness.
The only thing left to be done was to follow a strong trading system and make good profit using good entry and exit points.
Did you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).
EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips. The market was really great trend wise.
The technical indicators were all holding up - there was a massive MACD divergance on daily chart, the EMA, the stochastic and RSI, all were confirming USD bullishness.
The only thing left to be done was to follow a strong trading system and make good profit using good entry and exit points.
Labels: entry and exit, EUR/USD, forex day trading, forex ema, forex macd, GBP/USD, rsi
Wednesday, July 04, 2007
Forex Day Trading : USD/CAD looking more and more bearish
Forex Day Trading : USD/CAD looking more and more bearish
As you know, the fundamentals have a lot of impact on how the currency pairs behave. One of the common fundamental indicators that drive the USD is the oil price. Yes, since the oil and gas is consumed very heavily in USA, it has direct impact on the American inflation and so on the bank rates.
However, the price of gas impacts the USD/CAD currency pair the most. This is because USA imports a lot of oil from canada. So, the costlier the oil prices, the stronger the CAD currency will become. Thats the reason, you might be seeing that USD/CAD is falling significantly.
At this time it looks to me that this currency pair is going to fall more, so after some retracement, I'll place sell forex trading order. I won't consider USD/CAD for forex day trading.
Day trading is mostly for major currency pairs such as EUR/USD, GBP/USD.
Thats all in this post..Keep visiting for updates on Forex Market and news.
As you know, the fundamentals have a lot of impact on how the currency pairs behave. One of the common fundamental indicators that drive the USD is the oil price. Yes, since the oil and gas is consumed very heavily in USA, it has direct impact on the American inflation and so on the bank rates.
However, the price of gas impacts the USD/CAD currency pair the most. This is because USA imports a lot of oil from canada. So, the costlier the oil prices, the stronger the CAD currency will become. Thats the reason, you might be seeing that USD/CAD is falling significantly.
At this time it looks to me that this currency pair is going to fall more, so after some retracement, I'll place sell forex trading order. I won't consider USD/CAD for forex day trading.
Day trading is mostly for major currency pairs such as EUR/USD, GBP/USD.
Thats all in this post..Keep visiting for updates on Forex Market and news.
Labels: currency trading, forex day trading, forex inflation, forex news, oil price, USD/CAD
Sunday, June 17, 2007
Forex Day Trading system - Importance of an oscillator
Forex Day Trading system - Importance of an oscillator such as Stochastic
Lot of people try to place trade using a lot of indicators. Well the more the indicators, the less the number of forex trades one can place since one will wait for all the indiactors to line up which will not happen too often.
More than that it also confuses matter. According to me use of 2-3 technical indicators tops is good enough. Let one be your leading indicator such as EMA crossover or the bounce from fibonacci level. The others of maximum two can be your confirming indicator such as MACD divergance or the stochastics or the RSIs.
The best way to use stochastic which is an oscillator indicator is to check if they are in the overbought level or oversold level. If they are in overbought level, then look for opportunities to sell the currency pair. However if it is oversold, look for the opportunity to buy thye currency pair.
Keep the indicators very limited. Remeber the placing of a forex trade on any currency pair such as USD/CHF or GBP/USD or EUR/USD or any currency pair is all about probability..Its not gaurenteed that the trade will be profitable..However the probability of a profitable trade will be high.
Thats all in this message..Keep visiting to learn more on forex day trading.
Lot of people try to place trade using a lot of indicators. Well the more the indicators, the less the number of forex trades one can place since one will wait for all the indiactors to line up which will not happen too often.
More than that it also confuses matter. According to me use of 2-3 technical indicators tops is good enough. Let one be your leading indicator such as EMA crossover or the bounce from fibonacci level. The others of maximum two can be your confirming indicator such as MACD divergance or the stochastics or the RSIs.
The best way to use stochastic which is an oscillator indicator is to check if they are in the overbought level or oversold level. If they are in overbought level, then look for opportunities to sell the currency pair. However if it is oversold, look for the opportunity to buy thye currency pair.
Keep the indicators very limited. Remeber the placing of a forex trade on any currency pair such as USD/CHF or GBP/USD or EUR/USD or any currency pair is all about probability..Its not gaurenteed that the trade will be profitable..However the probability of a profitable trade will be high.
Thats all in this message..Keep visiting to learn more on forex day trading.
Labels: fibonacci levels, forex day trading, forex ema, forex macd, forex technical indicators, oscillators, stochastics
Sunday, June 10, 2007
EUR/USD still looking bearish - More pounding to come from $$
EUR/USD still looking bearish - More pounding to come from $$
The EUR/USD has just now broken a trend support line on daily chart. The ideal way to trade now will be to use your forex trading systems of fibonacci retracements. Identify the next target the USD can go to on the daily chart and then identify the entry and exit points on the 1 hr chart if you do currency swing trading, or 15 min chart if you do the forex day trading.
By looking at the chart, 1.3250 seems to be the next targetwhere the currency pair of EUR/USD may rest. Similarly the GBP/USD is also looking as bearish for the coming week. Alot will depend on the fundamental announcements going tocome next week. There are lots of forex fundamental news on GBP and some on USD that are going to be declared next week. So, watch for their timings before you place a trade.
Thats all in this session...Visit again to learn more on the exciting world of online forex trading.
Labels: EUR/USD, forex day trading, forex Entry, GBP/USD, online forex trading, support and resistance
Saturday, June 09, 2007
A landmark post - USD in massive gains
A landmark post - USD in massive gains
There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -
This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle they can understand very easily. 200+ RSS subscribers are a proof of that.
Out of the last 100 posts, 37 were on common technical indicators such as EMA, MACD, parabolic sar, pivot points. This category seems to be very popular among readers. However the most popular topic has been updates on NFP (Non Farm payroll) fundamental announcement and news.
During the 100 posts I have also mentioned quite a few trading strategy and system. Also, I have recommended the popular ebooks and courses..
The 2nd point I would like to cover in this topic is retaliation of USD against all majors ..USD has been on gaining spree for the last 2 days..It has already moved close to 200 pips against EUR and GBP.. Experts say that it is primarily because of strong rally in stock market or the DOW. However I feel that from technical standpoint also it was due.. The majors had a big run against USD for quite a while. Now the currency pairs will start falling back towards 200 EMA
Thats all in this session..Keep visiting to learn more on Forex day trading.
There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -
This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle they can understand very easily. 200+ RSS subscribers are a proof of that.
Out of the last 100 posts, 37 were on common technical indicators such as EMA, MACD, parabolic sar, pivot points. This category seems to be very popular among readers. However the most popular topic has been updates on NFP (Non Farm payroll) fundamental announcement and news.
During the 100 posts I have also mentioned quite a few trading strategy and system. Also, I have recommended the popular ebooks and courses..
The 2nd point I would like to cover in this topic is retaliation of USD against all majors ..USD has been on gaining spree for the last 2 days..It has already moved close to 200 pips against EUR and GBP.. Experts say that it is primarily because of strong rally in stock market or the DOW. However I feel that from technical standpoint also it was due.. The majors had a big run against USD for quite a while. Now the currency pairs will start falling back towards 200 EMA
Thats all in this session..Keep visiting to learn more on Forex day trading.
Labels: EUR/USD, forex day trading, forex ema, forex macd, forex pips, forex technical indicators, GBP/USD, nfp
Saturday, April 28, 2007
Importance of Fundamental announcements in currency trading market
Importance of Fundamental announcements in currency trading market -
Just like a space craft going to be launched requires a fire thrust to launch into air, the same way the forex trading market requires the fuel of fundamental news and announcement.
Many of the times you must have seen that market is range trading meas the currency pair price is bouncing between a support and resistance line..Though its a very profitable trading situation, still most of traders prefer to trade when forex market is in trending. This is true for swing trading and day forex trading across global.
Thats what the fundamental announcements such as NFP (Non farm Payroll), FOMC etc. do to the forex trading market..They give it a push and makes the range bound market a trending one. However, since there are not many strong strategy or ebooks available in market that I am aware of that tell you how to take advantage of these news. However, I know there are still some people that do fx trading using these declaration.
Thats all in this session..Next session visit again to learn more in online forex trading..
Just like a space craft going to be launched requires a fire thrust to launch into air, the same way the forex trading market requires the fuel of fundamental news and announcement.
Many of the times you must have seen that market is range trading meas the currency pair price is bouncing between a support and resistance line..Though its a very profitable trading situation, still most of traders prefer to trade when forex market is in trending. This is true for swing trading and day forex trading across global.
Thats what the fundamental announcements such as NFP (Non farm Payroll), FOMC etc. do to the forex trading market..They give it a push and makes the range bound market a trending one. However, since there are not many strong strategy or ebooks available in market that I am aware of that tell you how to take advantage of these news. However, I know there are still some people that do fx trading using these declaration.
Thats all in this session..Next session visit again to learn more in online forex trading..
Labels: forex day trading, forex trading ebook, fundamental announcement, fundamental news, fx trading, range trading, swing trading
Monday, April 23, 2007
You asked on Peter Bain Pivot points forex course and I am answering it
You asked on Peter Bain Pivot points forex course and I am answering it -
Since the time I recommended Peter Bain's forex mentor trading course, few of you have come back to me with a common question - "Is it worth an investement?"
My answer will be "Yes!!! If and only if you like doing day trading." This essentially means that if you keep your trades open from few minutes to few hours and not overnight, then your style of placing trades is day trading and this course is for you.
Think about it - This course is I guess from $300 to $450. $300 is online version and $450 is DVD version. If you convert it into pips - Its 300 to 450 pips you are talking about if you have a mini forex account. Earning 20 pips a day will mean that you paid for the entire course in just one month.
Now consider this that you don't have a course or a system in place and you try making trades using hit and trial and end up spending months without making a dime and end up under loss.
Also, the advantage of the pivot point course that Peter is offerring is that he has included 6 month membership ..Wow!!!! Visit his site about forex mentor to find what you can do with the membership!!
So you ask me tomorrow or 1 week down the line or 10 days down the line with same question, I'll say that yes the Peter bain's course is worth an investment!!
Thats all in this session..Visit again to learn more on Forex day Trading.
Since the time I recommended Peter Bain's forex mentor trading course, few of you have come back to me with a common question - "Is it worth an investement?"
My answer will be "Yes!!! If and only if you like doing day trading." This essentially means that if you keep your trades open from few minutes to few hours and not overnight, then your style of placing trades is day trading and this course is for you.
Think about it - This course is I guess from $300 to $450. $300 is online version and $450 is DVD version. If you convert it into pips - Its 300 to 450 pips you are talking about if you have a mini forex account. Earning 20 pips a day will mean that you paid for the entire course in just one month.
Now consider this that you don't have a course or a system in place and you try making trades using hit and trial and end up spending months without making a dime and end up under loss.
Also, the advantage of the pivot point course that Peter is offerring is that he has included 6 month membership ..Wow!!!! Visit his site about forex mentor to find what you can do with the membership!!
So you ask me tomorrow or 1 week down the line or 10 days down the line with same question, I'll say that yes the Peter bain's course is worth an investment!!
Thats all in this session..Visit again to learn more on Forex day Trading.
Labels: forex day trading, forex pips, peter bain, pivot points
Saturday, April 21, 2007
Forex Trading at its best when technical indicators work like they should
Forex Trading at its best when technical indicators work like they should -
A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.
The same happenned with AUD/USD. My analsis of this currency pair said that it should bounce from 200 EMA. Spot that happenned in forex day trading..I went in to trade as MACD also crossed up, and made 55 pips. Most of the times I use RSI as the trigger. But this time MACD turned out to be the trigerring indicator.
However, still I maintain that the most volatile currency pair is GBP/USD followed by USD/CHF and EUR/USD. They respond to technical indicators very well.
Thats all in this session..Thanks for visiting. Come again to learn more about currency trading.
A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.
The same happenned with AUD/USD. My analsis of this currency pair said that it should bounce from 200 EMA. Spot that happenned in forex day trading..I went in to trade as MACD also crossed up, and made 55 pips. Most of the times I use RSI as the trigger. But this time MACD turned out to be the trigerring indicator.
However, still I maintain that the most volatile currency pair is GBP/USD followed by USD/CHF and EUR/USD. They respond to technical indicators very well.
Thats all in this session..Thanks for visiting. Come again to learn more about currency trading.
Labels: aud/usd. voltile currency pair, currency trading, EUR/USD, forex day trading, forex ema, forex macd, forex technical indicators, GBP/USD, technical analysis
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
Sunday, April 15, 2007
The week opens and so do the forex trader's trading station
The new trading week opens and so do the forex trader's trading station.
Today is sunday and the Australian and JPY market are open and I am alreading seeing a lot activity by the currenc traders. Typically this time of the day the volatility is very less. Today its a bit high.
The currency pair that is interesting me more is the GBP/USD. The currency pair is already making adouble top. To confirm the bearish tendency, the MACD is making a negative divergence. This is making me think to go USD bullish. So, I have gone short on GBP/USD.
I thought od using RSI or Stochastic to confirm my trade, however that would have made the trade bit more complicated.
Remember MACD convergence and divergence are very powerful technical analysis indicators for any sort of trading such as stock or forex. Day trading or swing trading.
I'll keep you posted on my progress on this trade..So far I am -15 pips.. Yes currently its in -ve.
Today is sunday and the Australian and JPY market are open and I am alreading seeing a lot activity by the currenc traders. Typically this time of the day the volatility is very less. Today its a bit high.
The currency pair that is interesting me more is the GBP/USD. The currency pair is already making adouble top. To confirm the bearish tendency, the MACD is making a negative divergence. This is making me think to go USD bullish. So, I have gone short on GBP/USD.
I thought od using RSI or Stochastic to confirm my trade, however that would have made the trade bit more complicated.
Remember MACD convergence and divergence are very powerful technical analysis indicators for any sort of trading such as stock or forex. Day trading or swing trading.
I'll keep you posted on my progress on this trade..So far I am -15 pips.. Yes currently its in -ve.
Labels: forex day trading, forex pips, forex traders, GBP/USD, MACD
Tuesday, April 10, 2007
Trading with EUR, GBP
Trading with EUR, GBP - The popular currency pairs
Ever thought which are the most popular currency pairs to trade? Yes, EUR/USD is the popular of all and generally has tightest of spreads which is 2-3 pips depending on the broker.
The next is GBP/USD - the highly volatile and has spread of 4-5 pips.
What follows is USD/CHF and USD/JPY. Generally have 4-5 pips spread.
Remember the high the volatile the currency pairr is, the more it will honour technical analysis and corresponding indicators such as EMA, fibonacci levels, MACD, RSI etc. etc.
The exception being USD/CAD and USD/JPY which I have noticed is highly fundamental announcements and news impacted. Such as Oil price drives USD/CAD very heavily.
Also, the high the volatility, the more popular the pair is and the more ebooks are written for that currency pair. For e.g. ones written by Avi Frister or by Marc Mcrae. Not only that, people develop separate strategy for day trading that forex pair and some develop swing trading strategies as well.
I have not heard any one developing startegy for EUR/GBP since it is not that volatile.
Thats all in this session.Visit again to learn more on the exciting market of currency trading.
Ever thought which are the most popular currency pairs to trade? Yes, EUR/USD is the popular of all and generally has tightest of spreads which is 2-3 pips depending on the broker.
The next is GBP/USD - the highly volatile and has spread of 4-5 pips.
What follows is USD/CHF and USD/JPY. Generally have 4-5 pips spread.
Remember the high the volatile the currency pairr is, the more it will honour technical analysis and corresponding indicators such as EMA, fibonacci levels, MACD, RSI etc. etc.
The exception being USD/CAD and USD/JPY which I have noticed is highly fundamental announcements and news impacted. Such as Oil price drives USD/CAD very heavily.
Also, the high the volatility, the more popular the pair is and the more ebooks are written for that currency pair. For e.g. ones written by Avi Frister or by Marc Mcrae. Not only that, people develop separate strategy for day trading that forex pair and some develop swing trading strategies as well.
I have not heard any one developing startegy for EUR/GBP since it is not that volatile.
Thats all in this session.Visit again to learn more on the exciting market of currency trading.
Labels: EMA, fibonacci levels, forex day trading, forex pips, forex technical indicators, fundamental announcement, fundamental news, spread, technical analysis, volatility
Monday, April 09, 2007
Forex Day Trading System : Resources for Forex Charts
Forex Day Trading System : Resources for Forex Charts
In one of my articles few days back, I mentioned the importance of reliable and realtime forex chart. Some of you have asked me few sources for them.
The best source is the chart service that your broker provides. So, for e.g. since I use the plateform offerred by FXCM, I use the chart provided by them since my buy and sell price are reflected in the charts provided by them.
Other than that, the sources are -
www.dailyfx.com - Great site with important news and links to free and paid forex charts
www.esignal.com - Paid service. However, if you are beginner in forex market, I recommend you to use free charts only.
By the way, did any one of you traded the fundamental announcement and news of NFP (Non farm payroll)?
Thats all in this session to learn day trading the currency market. Visit again to learn more about forex tips and tricks.
In one of my articles few days back, I mentioned the importance of reliable and realtime forex chart. Some of you have asked me few sources for them.
The best source is the chart service that your broker provides. So, for e.g. since I use the plateform offerred by FXCM, I use the chart provided by them since my buy and sell price are reflected in the charts provided by them.
Other than that, the sources are -
www.dailyfx.com - Great site with important news and links to free and paid forex charts
www.esignal.com - Paid service. However, if you are beginner in forex market, I recommend you to use free charts only.
By the way, did any one of you traded the fundamental announcement and news of NFP (Non farm payroll)?
Thats all in this session to learn day trading the currency market. Visit again to learn more about forex tips and tricks.
Labels: currency trading, forex broker, forex chart, forex day trading, fundamental announcement, fundamental news
