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Posted by ronaldheyward

By the time World War II ended, most currencies were pegged to the US dollar, which was further pegged to the gold standard. With the end of the Britton Woods Agreement, the gold standard ended and currencies worldwide subscribed to the floating exchange rate.   This was beneficial for trade, since people who wanted to convert their currencies no longer had to convert them first into US dollars and then into the desired currency. Cross currency transactions were now enabled, which made international transactions easier and cheaper.   With the advent of electronic trading systems, cross currency pair trading flourished.     What are Cross Currency Pairs? Technically, cross currency pairs are defined as pairs that don’t include the US dollar. Naturally, they exclude the major currency pairs, like EUR/USD and GBP/USD, which are the most traded currencies in the world. Instead, the EUR and Japanese Yen (JPY) are common currencies in these cross pairs.   Further examples of cross currency pairs include GBP/JPY, EUR/GBP and EUR/CHF, all of which are prominent cross pairs. Currency pairs including the euro are often termed as euro crosses. Over the years, cross currency transactions have grown in volume. According to data by the Bank of International Settlements (BIS), an average daily volume of US$82 billion was recorded in April 2016 in cross-currency swaps, which was a significant increase from the US$54 billion figure in 2013.   Calculating Cross Currency Rates Most trade terminals come with calculated rates of cross-pairs. As the system of converting currencies into US dollars first has been bypassed, only a single transaction is required and only one spread to be considered. With the increase in trade volumes of cross currency pairs, spreads have also become tighter, which means lesser slippage and transaction costs. But, it would be good to understand the mechanism of calculating the cross-rates.   Let us consider two currency pairs that have the USD as the common denominator. Let’s take the GBP/USD and USD/JPY. Together, they make up the popular cross currency pair, GBP/JPY.   Now, suppose the GBP/USD rate is 1.3195 (Bid) / 1.3197 (Ask)   And USD/JPY rate is 110.52 (Bid) / 110.56 (Ask)   To get the bid price of GBP/JPY, we will multiply the bid prices of GBP/USD and USD/JPY, which comes to 145.83.   Similarly, to calculate the ask price of GBP/JPY, we will multiply the ask prices of the major currency pairs, which gives us 145.90.   Hence, the bid/ask rate for GBP/JPY is 145.83/145.90.   Note that this is an approximate value. Market rates can fluctuate across different brokers. Did you know that the GBP/JPY is often referred to as Guppy in market slang, and the EUR/JPY is called Yuppy?   High Correlation between Some Currency Pairs While the US dollar represents over 90% of daily forex transactions. There are dozens of currency pairs that are affected by each other. Take for instance the euro and the British pound. Till June 23, 2016, when Britain decided to leave the European Union, these two currencies were highly correlated to each other.   Britain and the EU are active trading partners, which results in a high amount of currency exchange on a daily basis. The EUR/GBP is still one of the most liquid cross-currency pairs to trade, with a low average true range (ATR). Another good thing about this pair is that it offers good liquidity in most time zones, including Tokyo, Hong Kong and New York. With the current Brexit negotiations, the pair has shown volatility in recent times.   Since the euro is the domestic currency of the Eurozone, comprising 19 different nations, economic releases have a diluted effect on the currency. Historically, with the exception of the EUR/USD, euro crosses have generally shown lesser volatility in response to US news and economic releases. On the other hand, GBP pairs show a lower tendency for stagnation. They either show an uptrend or downtrend on the charts. UK-related events are also few and easily understandable.   The GBP/CHF pair is another attractive cross-pair. It is much faster than EUR/GBP and has comparatively higher ATR. On the other hand, EUR/CHF has a shorter history of the two currencies, having a significant opposing effect. They were significantly correlated until 2015, when the Swiss Franc was unpegged.   Cross Currency Pairs in Carry Trades Currency carry trade revolves around uncovered interest arbitrage. Low-yielding currencies are borrowed by investors in exchange for lending in high-yielding currencies. This is usually seen in commodity currency trading, where investors own a high-yielding currency like the Australian dollar (AUD) or the New Zealand dollar (NZD), and sell a low-yielding currency like the Japanese yen. A trader attempts to gain profits from the difference in the currency rates, which can be significant with the leverage included.   Also, the interest rate spreads between these commodity currency pairs, like the AUD/JPY and NZD/JPY, tend to remain high. The currency that has the lower interest rate is the “funding” currency. Traders borrow the funding currency and sell the “asset currency,” with the higher interest rate. These trades are preferred during times of lower market volatility.   Another thing to consider is the monetary policies of the central bank of the funding currency. Economies of countries that have similar exports make up good cross pairs. For example, the AUD/CAD pair relies heavily on commodity exports.   Risks Involved in Cross Currency Trading Firstly, settlements of cross-pairs are not as simple as major currency pairs. Ample liquidity in these pairs will provide tighter spreads, but on exiting the position, profits will be denominated in a currency different from that of the home currency. Cross currencies could also be expensive to trade. Currency pairs that exhibit volatility against the US dollar will generally show volatility as a cross pair. An example of this is the CAD/JPY or AUD/JPY. In these cases, the bid/ask spread would be higher.   Carry trades have interest rate risks associated with them. The future direction of interest rates is a high risk factor. The 2008 Icelandic financial crisis owes its origins to the significant amount of carry trade activities. Unless a position is hedged properly, small movements in exchange rates can lead to catastrophic losses, particularly when high leverage is involved.

Posted by tommiepatrick

  The oil industry produces more than four billion metric tons of crude oil each year, of which about a third is contributed by Saudi Arabia. According to the IEA, the global demand for oil is expected to reach 1.4 million barrels per day (bpd) in 2019, a rise from the 1.3 million bpd in 2018.   As of 2019, the United States surpassed Saudi Arabia and Russia to become the largest crude oil producing nation in the world. This means that any event related to the US economy will have a ripple effect on the world’s crude oil prices.   Crude oil is one of the most popular commodities to trade, given that its market is extremely active, with even the tiniest news leading to price fluctuations. This offers multiple trading opportunities, especially for swing and day traders.     What You Should Know Before Trading Crude Oil As you would with any other asset, familiarising yourself with the basics of the crude oil market gives you a strong foundation for trading. Here are some things you should know:   Oil Spot Prices These prices provide information on the cost of purchase or sale of oil, and taking delivery “on the spot” or immediately. This is in contrast to oil futures, which represent the estimated value of oil at the end of a predetermined period of time in the future.   Types of Crude Oil There are different grades of physical oil that are traded across the world. The two main crude oil grades are West Texas Intermediate (WTI) and Brent North Sea Crude, which is known as Brent Crude. Brent Crude has a sulfur content less than 5% (at about 0.37%).   Brent is mainly produced in the North Sea and other Brent oil fields. Its price is the benchmark for European, African and Middle Eastern crude oil. Brent prices control the value of about two-thirds of the crude oil produced globally.   WTI, on the other hand, forms the benchmark for crude oil prices in North America. It is produced in the United States, as the name suggests, and is a combination of a number of light, sweet oils.   While Brent is better suited for the production of fuels, WTI is used mainly for the production of gasoline.   Cost of Crude Oil The cost of crude oil usually ranges from $3 to $4 per barrel for shipping to the United States from Europe. The cost of storing crude oil is different in the North American and European trading hubs. The price difference between WTI and Brent fluctuates between $2.5 to $4.   Trading Crude Oil You can participate in the crude oil market in several ways:   1.    Futures Here, two parties enter into an agreement, known as a futures contract, to buy or sell a specific quantity of crude oil at a predetermined future date, at a pre-decided price. Both Brent and WTI are traded via such contracts on the NYMEX, with a standard contract being for 1,000 barrels. This means that every $1 move in the price would lead to a gain or loss of $1,000. These contracts are settled through the physical delivery of the oil barrels, which might not be something that traders want to get into. So, one will have to closely follow the expiration date of the contract and either roll over the contract for an additional timeframe or close the contract before it expires.   2.    Options Similar to futures contracts, in that here too the trader pays to gain the right (although not the obligation) to sell or buy a specific quantity of oil at a pre-decided price and for a pre-determined timeframe. This is the most commonly traded energy derivative on the NYMEX, which is among the largest derivatives markets globally. Being a derivative instrument, you don’t actually buy or sell crude oil but the futures contracts. However, crude oil options tend to be expensive.   3.    Shares & ETFs If you don’t want to deal directly with the commodity, you can still participate in the market by investing in stocks of oil companies, as well as crude oil ETFs. Share prices of oil companies are significantly impacted by oil prices and, therefore, offer trading opportunities with fluctuating prices. For those with a low risk appetite, investing in exchange traded funds or a basket of stocks belonging to the oil industry may be a good idea.   4.    Contracts for Difference This is one of the easiest ways to participate in the crude oil market. A contract for difference (CFD) is an agreement between two parties to exchange the difference in value of an asset between the start of the contract and its close date. Here, the trader enters into an agreement based on their estimation of where the prices of oil futures and options are headed through the tenure of the contract. You can also trade WTI and Brent spot prices via CFDs. Both long and short positions can be taken, based on whether you expect the market to be bullish or bearish. Moreover, the contract sizes are much smaller than futures contracts, although brokers do offer leverage to enter into larger contract sizes.   Trading Tips to Keep in Mind Just like trading forex, commodities trading also requires a good umderstanding of technical analysis, fundamental analysis and effective risk management.   Why Fundamental Analysis? The key influencer of crude oil prices is the usual supply and demand equation. So, anything that alters the balance between supply and demand will lead to price fluctuation. Geopolitical factors play a crucial role in supply and demand. Anyone who drives a car knows how acts of war, terrorism, trade sanctions and coups can send oil prices sky rocketing.   In addition, oil prices follow a seasonal pattern, with crude oil prices tending to rise in August and dipping around September-October. In addition, weather conditions in the largest oil producing regions also influence supply, such as hurricanes in the Gulf of Mexico. So, following seasonal trends can be useful for making informed trading decisions.   Did you know that crude oil prices are strongly correlated with the strength of the US dollar? When the US dollar rises in value, crude oil prices tend to decline and vice versa. So, you can actually get a quick idea of the strength of the former from the value of the latter. Of course, this is only an indication and should not be the basis of a trading decision.   For effective fundamental analysis, it is useful to keep track of crude oil output and consumption forecasts. Here’s a look at some other reports that you should track to stay informed.   Reports Every Crude Oil Trader Should Follow Weekly updates about oil inventories in the US are an extremely important piece of news for oil traders. This inventory data is a crucial measure of global crude oil demand. For instance, if the crude oil inventories rise, it usually indicates a decline in demand and vice versa.   To stay updated on inventory status, two weekly reports are important: 1. The Department of Energy Report: This report offers information regarding crude oil and refined products inventories. It is released every Wednesday at 3:30 pm GMT.   2. American Petroleum Institute Report: This weekly report contains data about the most crucial petroleum products that form about 80% of the refinery production and crude oil inventories. It is released every Tuesday at 9:30 pm GMT.

Posted by calvinwatson

Forex is emerging in popularity. Foreign currency trading has been around for over a century since there was an exchange for the price difference in gold between international currencies.   In order for the deals to go through, and for money to be made, an exchange has to be brokered. The role of a broker is to basically be a go-between for the buyer and seller.   Brokers make their money in a few different ways – typically through commissions or a flat rate per trading position, such as a fixed spread. With a variable spread, the broker simply marks up the price over the interbank prices that they receive.   Since there is a growing demand for retail Forex trading, there is also an equivalent growth of brokers or firms to help traders. The problem is, with so many choices, how does a trader know which broker to use?   How To Find a Good Forex Broker     The first thing a trader needs to do when researching a broker is to find out if they are a registered brokerage. The marketing power of the Internet makes it easy for scam artists and unlicensed individuals to con people with a fake, or even just poorly run, brokerage websites.   To avoid this, traders (especially in the U.S.) need to make sure that the broker they are interested in is registered with the NFA. The NFA is the National Futures Association and is basically a watchdog for legitimate trading establishments. They are also monitored by the Commodities Futures Trading Commission (CFTC), run by the government.   These organizations not only watch over but have taken action against individuals and firms who engage in illegal or abusive activity against traders or the financial institutions. Making sure you trade with a registered broker is the best protection you can have on the world ‘wide open’ web.   After finding a safe broker, you should determine if the broker will be able to meet your needs as a trader. Not every broker is created equal. Some brokers will not support your trading platform, certain trading tools that you might want to utilize, or even your trading style.   Below are a few things you should consider:   1. Trading platform: MetaTrader is probably the most commonly used, and there are a couple of versions of it, i.e., MT4 and MT5. Also, many brokers have their own trading platforms. The importance of comparing is that different platforms may not be compatible with Macintosh or other systems. Also, different indicators, scripts, or automatic traders may or may not be able to be used with every platform. In addition, mobile trading is becoming more and more popular, but not all brokers offer this feature.   2. ECN or Market Maker: The Forex market is made up of large banks and financial institutions. These are the only two ways to trade within that system. An Electronic Communications Network actually connects directly with the live market, whereas a market maker creates a smaller market within the raw prices coming in – setting their own bid/ask prices. There are big pros and cons with each of these; it just depends on the trader’s needs. ECN are great for scalping. And though it is a more controlled environment, market makers have been known for some underhanded tricks like stop-loss hunting.   3. Lot sizes: A lot size is simply the size of contract or money amount a trader can use. With retail Forex there are standard lots (100,000), mini (10,000), and micro (1,000). The smaller the lot size, the less money you need to trade with. This can be good to know for new traders with a small budget. If you are starting off with only a few thousand dollars, you’re probably better off using a mini-lot account – as opposed to a standard-lot account. If you are starting off with just a few hundred dollars, a micro-lot account may be more suitable.   4. Reviews: It is important to do research on any broker you are interested in. A great way to help sort out good Forex brokers from the bad ones is to look at customer reviews. Brokers may say all the right things on their websites, and seem like they would meet your needs perfectly. However, reading some reviews from traders who have personally used their services in the past can be helpful. Different reviews may show a pattern of stop-loss hunting, slippage, platform issues, or other insights that could affect your decision.   5. History: In addition to learning about if a broker is registered or not, it can be helpful to know how long a broker has been in business. The longer a brokerage has been around (in other words, the more established they are), the more likely it is that the brokerage pursues best practices and the more likely it is that the brokerage has a history of satisfied customers.   These are just a few tips for finding the right Forex broker. Other things to look for may include their customer service availability. With a 24-hour trading market, finding a broker with a 24-hour contact can save you when your computer or something happens in the markets you need help with.   Look for hidden fees or costs that may not be part of the initial order fee or commission. Check out their FAQ page. A trader can find a lot out about a broker by looking at their questions page.   For instance: What kind of paper work, I.D., costs, timeframe will it take to open an account, or withdraw money? What is the policy on depositing or withdrawing money? Is there a minimum/maximum limit?   One more really important tip is to determine where the broker is actually located. Even though the website or your trading platform is where you will typically do your trading from, for a U.S. trader, the broker must be located within the United States.   Due to new laws passed by the Dodd-Frank Act, a U.S. trader can no longer legally trade with overseas institutions. That has not, however, stopped some overseas brokers from allowing American traders to open accounts. As the trader, you will be responsible for any legal repercussion due to illegal trading.   Finding the right broker may seem overwhelming. However, by doing a little research, and knowing what your needs are as a trader, it can easily be done. Due diligence and common sense are your best tools for finding a good Forex broker.

Posted by gibsonkentra

How would you like to start turning your losses into wins? Sound impossible to you? Well, in a way, you’re right – it pretty much is.   A loss is a loss is a loss.   But if you can take the lesson from your loss, and use it to make darn sure that you never make that mistake again, then ultimately that loss can become a win.   You’re human. You make mistakes. No matter how well you think you have mastered the mental challenge of becoming a successful trader, you will still slip up. No matter how many times you have read Mark Douglas’s masterpiece, The Disciplined Trader, you will still make mistakes.   Yes, it is inevitable. You will make a mistake. You will allow outside circumstances to influence your decisions, or to distract you. You may cancel a stop loss order, or make a trade that far exceeds your usual trading size or something of a similar nature, and the absolute worst that can happen, will.   You will find yourself facing a loss of substantial size, and you will be punching yourself in the face because you know it is all your fault.     The key is in what you decide to do next.   First off, acknowledge that you are human. You are, aren’t you? You’re not some kind of trading robot.   And human beings make mistakes. Face it, they do. They are not perfect.   But you need to also realize that mistakes are opportunities for learning what to do, and what not to do.   As stupid as it may sound, and as comforting as it may be (NOT!), there is a silver lining in that grey cloud. You can use it to your advantage if you  choose to.   Secondly, define the mistake. Was it just one mistake, or did you make a series of mistakes? Did you rush a trade before your plan indicated an entry? Did you ignore a stop loss or an exit signal?   Did you throw your entire trading plan to the wind and go completely on instinct? Did you get too aggressive, in an attempt to make up losses, and increase your trading position size beyond your regular parameters?   Next, examine the circumstances that led to the mistake. Identify the actions and especially the emotions involved. Were you fighting with a loved one? Were you distracted by an event, either good or bad?   Once you suffered your initial loss, did you then compound the problem by engaging in revenge trading?   When you are emotionally involved in something else, you cannot be dedicated totally to your trading. It’s hard to be unemotional when you are clearly emotional. In these circumstances, it is far better to refrain from trading until the situation is resolved.   Likewise, when you are distracted either physically (cannot be present at your trading desk) or emotionally, it is best to stop trading until you can give your trading your full attention and effort.   Finally, make sure you don’t do this. Don’t try to make up a big loss in just one trade.  Trying to make  up a big loss all at once is bad money management and a sure-fire recipe for disaster.  You must understand that a 10% loss will require a gain of 11% in order to get back to even.  A loss of 25% requires a gain of 33% in order to get flat.   You have made a mistake, you have suffered a loss far larger than your regular system losses, and you are upset about it.  The most critically important thing for you to do now is to return to your regular trading strategy.   You need to bring your emotions back under control and get your discipline going again. Acknowledge that there is no quick or easy way to get back to where you were, and that to try to do that is to pile on more mistakes.   Resolve to learn from this error. Resolve that you will not allow this particular situation to EVER happen again.   You may make more mistakes in the future. After all, you are human. But if you can manage to truly learn, to derive meaningful knowledge from your mistakes, then that is the way to turn a loss into a win.

New traders, those who jump right into trading without careful analysis and preparation, often make a range of mistakes, from silly accidents to potentially career-ending whoppers. Novice traders, entering the market with a false sense confidence, can succumb to a variety of common trading errors and miscalculations.   Veteran traders usually have learned these lessons the hard way, by experiencing all or most of them first-hand. If you are able to fully understand and implement these lessons just from reading about them, you are well on your way to a great career as a successful trader.   Unfortunately, however, these common trading errors tend to be ones that everyone must make at some point in their career before they can overcome them. The key is to learn from these common trading errors when you make them.   7 Common Trading Errors All Traders Make (but Successful Traders Learn From) Sometimes the difference between making consistent profits and losing your shirt is whether or not you can learn from your mistakes. If you don’t even recognize that you are committing these common trading errors, you will never change your bad trading habits. With that in mind, let’s look at some of the most common trading mistakes.   Below are 7 of the most common trading errors:   1. Focusing only on the potential gains This is the exciting part of trading, the potential to make a lot of money in a short amount of time. Everyone sees the headlines: “I turned $1,000 into $1,000,000 in three days!” (OK, that’s a *bit* of an exaggeration, but not by much.) These sorts of claims are especially common in regards to some of the most dangerous investment vehicles available to the general public: Forex, futures and options.     The flip side of that claim, which no one ever mentions, is “I wiped out my entire account in three days.” Anything that offers the possibility of making a lot of money quickly also offers the possibility of *losing* a lot of money quickly. You can’t have one without the other.   Keeping this fact in mind is one of the first lessons you MUST learn if you intend to trade for longer than a few months. The calculation of potential loss must be a part of every planned trade, and this calculation must provide the lowest possible potential loss for the highest possible potential reward.   If you are not aware of the risk/reward ratio for your trading system, then you are not trading a complete plan, and you are opening yourself up to failure.   2. Incorrect position sizing One of the reasons that Forex, futures and options offer such incredible potential gains is because of the amount of leverage that is permitted in such accounts. When you trade a stock using leverage (also known as on margin), the most you can trade is two times the amount of available cash in your account.     With Forex and futures, however, the level of leverage is much greater. In Forex, you can usually trade up to 50 times your cash. Some brokers even allow 400:1 leverage.   This is, quite frankly, a crazy amount of leverage. If you trade 400:1 leverage with a small account, you are almost guaranteed to wipe out your account within just a couple of losing trades.   Because of your high leverage, you will likely set your stops very tight, so that you don’t “lose too much,” but these tight stops will probably just serve to restrict your trade, and stop it out before it has time to develop properly.   A couple of bad trades, using enormous leverage, and your entire trading account is gone. Most experts advise that you never trade beyond 10:1 leverage, even when you become more experienced.   3. Overtrading This can happen for a couple of different reasons. First, you might set small target prices, and be happy that your win average is increasing. You might take 5 long trades in one day, for 5 pips each, and consider yourself very successful.     On the other hand, you would have done better, by avoiding the spreads, to have made only one trade for 25 pips.   A second common reason for overtrading is when a trader becomes impatient. Your trading strategy does not provide frequent-enough signals, and you get itchy to “be in a trade” instead of sitting on the sidelines. This leads to trading off-plan.   If you must do so, the best way is to do it in a practice account or in a small, experimental account, rather than in your main trading account where you trade your established plan.   4. System-hopping Also known as “searching for the Holy Grail.” Veteran traders have lived long enough, account-wise, to understand that there is NO PERFECT SYSTEM. Every system has its flaws.   There is no such thing as a system that will always win and never lose. There are only systems that have performed well in the past and are fairly reliable predictors of good performance in the future.   Finding one of these “good” trading systems is difficult, but it can be done. However it takes time and effort, and one of the hardest things is trying out a system to see if it works for you.   Inevitably, when you try a new system that appears to have worked well for others, it will start out working not-so-well for you. The common error is to assume immediately that it is “broken,” or that it no longer works, and to move on in your search for another.   Trading systems have ups and downs, they have occasional strings of losses, and you must test one out thoroughly (backtesting and demo trading) and give it time to work, before you dump it for another.   5. Trusting everyone but yourself Sometimes, as a new trader, you will look to advice from a more seasoned trader, rather than relying on your own knowledge. OK, as a newbie, you will do this pretty much *all* the time. You don’t know enough, in the beginning, to trade strictly from your own knowledge.     This is the time when you should probably be trading only in a practice account, but that’s another issue.   Once you have an established base of knowledge, however, and possibly a trader or two who you respect and can follow their methodologies, it is better to cut off most of the “noise.”   It can be far too distracting and destructive to listen to many people offering a myriad of opposing opinions. Spending too much time on other people’s opinions will only serve to confuse you, and make you doubt your own plans.   6. Going against the market This can also be phrased as “The Trend is Your Friend.” Unless you have demonstrated an exceptional talent for picking reversals, your best bet is to make your trades in the same direction as the prevailing trend.     Yes, the trend is broken from time to time, and you may be one of the incredibly-skilled traders who can determine in advance when that will happen. But a much higher probability of success lies with those who trade with the market, and not against it.   One of the most common novice trading errors is try to trade against the market, whether traders are unaware of the significance of the trend, or they are trying to utilize advanced counter-trend or trend reversal trading techniques.   Counter-trend trading techniques should only be used by traders who are already consistently profitable in the market, and are seeking to expand their trading repertoire.   7. Revenge trading Taking revenge for a loss? You might not think that is what you are doing, but chances are, if you don’t have excellent control over your emotions, it is *exactly* what you are doing.   Have you ever thought, “I need to make this loss up,” or “Just 50 pips and I am back to break-even”? Any time you are thinking of your upcoming trade in terms of what it means for previous trades, you are engaging in revenge trading.   Revenge trading is usually quite aggressive, and can cause you to disregard your trading plan. You might force an entry or an exit, or you might place a trade with a position size far greater than your rules dictate. Whatever the method, the outcome is likely to be even worse than the initial losing trade, compounding your anger and desire for “revenge.”   You cannot get “revenge” on the market. The market does not have emotions, it does not say, “damn, that trader got his money back from me.” The market does not care about you, or your trades, and you must not either.   Any individual trade can lose; that is the nature of trading. Move on to the next one, and let your edge play out over time.   The most common trading errors that novice traders encounter generally have to do with mindset. Beginning a career as a trader without the proper study and practice would be like beginning a career as a doctor without going to medical school and becoming a resident. In the case of traders, though, the only damage they can do is to themselves.   Take the time to learn and practice. Learn from the common trading errors that others make. Don’t repeat these mistakes when you make them. Listen to the truly successful, not the braggarts. Be prepared to work hard at this. There is no shortcut to trading riches.

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Posted by andrewdoherty

Scalping on 15min is very popular trading Strategy and with Towers Scalping Strategy you can have positive return in trades. It is traded with great success!   - TimeFrame: 15 minutes (preferred) or 5 min - Symbol: any currency - Risk: MAX 1% of account equity per order - Indicators:                 - Rainbow MMA Indicator     Towers Scalping Strategy Overview: With Rainbow MMA Indicator the Towers Scalping Strategy works great on 15min timeframe. If Price is above Rainbow MMA Indicator then trend is bullish. If Price is below Rainbow MMA Indicator then trend is Bearish. For the Towers Scalping Strategy to work you need to watch for Price to move towards Rainbow MMA Indicator. When Price reaches the Rainbow (wich or full candle) you check LAST 3 candles and if they are one after another rising or going down that is your Entry Point on the opposite of the last third candle. I know its confusing but you can check picture below for the explanation:     Towers Scalping Strategy Entry Rules: BUY Order Example: - For BUY order price NEEDs to be ABOVE Rainbow and going towards rainbow - When Price touches Rainbow you check LAST 3 candles (including candle that touches Rainbow MMA Indicator we label it CANDLE 1) - Last 3 candles NEED to be going lower and lower with making lower highs (marked with BLACK line on below Image) - When candle closes you set PENDING order just ABOVE last CANDLE 1 wick (marked with BLUE line on below Image) - you wait MAX 2-3 next candles if Pending order is HIT take the ride to profit but if its not, delete the pending order and wait for new opportunity. - you should set SL on the opposite side of the BUY Order Candle 1 - TP is 1 times of SL so the risk / reward ratios is 1:1     Towers Scalping Strategy Exit Rules: - When TP is hit which should be 1 times of SL with risk / reward ratio of 1:1 - Second Option is to take out half order on TP and set BE to +2 pips and then let it run and exit on support / resistance levels

Learning to trade the Forex market can be an overwhelming venture. Just like any other career or trade a person needs to learn, it takes time.   There are many parts to trading including reading charts, candlesticks, and timing. Regardless of all of that, the first thing a new trader needs to decide is what type of trader they are.   There are three general types of active trading; scalping, intraday, and swing trading. Factors that help determine the trading style are: how much time an open trade position is maintained, trade size (or position size), and the type of money management strategy that is used.   Comparing the pros and cons of all three approaches may help you decide which trading style suits you best.   The Pros and Cons of Scalping, Intraday, and Swing Trading     Scalping Scalping is typically the shortest term style of trading in the markets, as scalpers seek to lower risk exposure by lowering their time in the market. Scalping usually yields the smallest gains per successful trade of the three styles that we will discuss.   Pros: - Positions are typically only held for short periods of time, allowing less chance for reversals to knock out your trading position. This also means less need for patience and having to wait for a trade to close. - Scalpers typically take profits at 1:1 risk to reward or less, allowing their strategies to achieve a higher strike rate, rather than a high reward rate. - Because the position is typically held for a short period of time, there is also less knowledge of the Forex market, and trading strategies needed, as long-term analysis not as useful. Trends, pivot point, Fibonacci, and the like are fairly irrelevant.   Cons: - Not all brokers allow for scalping on their platforms. - Since good trades typically yield only 1:1 risk to reward or less, one loss can deplete the gains of several successful trades. - Since the pip yields are often 5 pips or less, you may have to make many trades, even dozens in one day to accomplish your financial goals. - As I mentioned before, scalpers are in a world of their own. Long term analysis from your favorite fundamental resources or indicators is generally useless in scalping. This can be a blessing or a curse.   Intraday Trading The next trading styles, intraday trading, is more common among Forex traders. Intraday trading is also simply known as day trading and refers to holding a position for a day or less. It’s common for a day trader to actually make more than one trade in a day, and have the positions only hold for an hour to a few hours.   Pros: - The amount of pips per day trade can range from 15-45 easily. And with a couple of good day trades in a 24-hour market, it can be easy to walk away with 100 pips in a day. - With the time an intraday trade takes, an individual can choose from a number of strategies like price action, the Cornflower Blue, pivot points, or basic trend following to help them have consistency and intentionality when trading. - Intraday is also a fairly low-risk trading. To open a position of this size may only require a small amount of capital and a stop loss of less than 10 pips, even smaller depending on the strategy used within the trade.   Cons: - An intraday trade will need more time to move than a scalp trade, and there is less margin for error than in swing trading. Even with a good trading strategy reversals and whipsaws can quickly take out a stop loss. - Intraday traders subject themselves to more market volatility than swing traders and stay exposed (with open positions) longer than scalpers. - Even though some days will contain multiple trades, some days won’t offer any. A person trading an intraday strategy follows a strict set of rules, and may not always have a set up in the market.   Swing Trading The last major form of active trading in the Forex market is swing trading. This is really a form of trading that really takes patience. Positions are held longer, but gains are massively larger.   Pros: - The gains on a trade can be 100-250+ pips. - Signals on the daily charts are generally more meaningful. - Because trades are taken on daily charts, stop losses are bigger. This allows for more movement within the trade, and positions are less vulnerable to whipsaws. - Due to the trade being kept for a longer period of time, a trader doesn’t have to sit in front of a computer all the time or check it constantly throughout the day. Swing traders typically check the market once a day, as the new candle or bar begins, each day the market is open.   Cons: - Although swing traders have the freedom to be away from their computers while their trades are in play, the market can be very unpredictable. One forgotten or unexpected news release, and the market can turn and take your money with it. - For swing traders, there is only one new candle or bar each day, meaning there will be fewer trades made over any given time, compared to the other two trading styles. This means you have to use a profitable trading strategy and follow your rules religiously. With as little as one trade a week or less, you cannot afford to be wrong very often.   Each style of active trading has its pros and cons. Each trading style lends itself to different levels of risk and potential reward. Choosing which style suits you best depends on a number of things, including your personal skill level, commitment, and attention span.   Successful traders must know themselves well, along with their financial, time, and personal restraints, in order to choose the trading style that best suits them. A trader may find it useful to paper trade (or demo trade) different strategies, within each different active trading style, i.e. scalping, intraday, and swing trading, to see what really fits them the best.

Posted by marlonadkins

Really easy strategy which you can master with just the basic knowledge. It provides really good risk / reward output and Keltner Channel Strategy gets really high winning rate. - TimeFrame: 5 min - Symbol: any major currency preferred EURUSD, GBPUSD - Risk: MAX 2% of account equity per order - Indicators:                - Keltner Channels Indicator set to 40 Periods                - Exponential Moving Average set to 8 periods     Keltner Channel Strategy Overview: When you have the chart setup with Keltner Channel Indicator and Exponential Moving Average you are all set to go. You should use this strategy only on 5min timeframe. As well as you should have a good Broker with really small spreads like HotForex. Once you are all set you watch the market and wait for the EMA to be inside the Keltner Channel. Now you wait for the PA (Price Action) to move outside the Channel and then wait for EMA to break the Keltner Channel which should happen right after PA. Once EMA has broken the channel you should SELL (if channel is broken downside) and you should BUY (if channel has broken to upside).   Keltner Channel Strategy entry and exit rules: - BUY order should be placed when EMA crosses upper Keltner channel - SELL order should be placed when EMA crosses bottom Keltner channel - SL (Stop Loss) should be set right on the middle of Keltner Channel Indicator - TP (Take Profit) Option 1: should be fixed at 10 PIPs. (remember you are on 5min chart) - TP (Take Profit) Option 2: you can set BE (Brake Even) when you reach 10pips profit and let the profits run. Exit the trade when Price Action hits back the Keltner channel or you can use Support & Resistance lines for your exit.   Usually this will get you 1:1 or 1:2 risk / reward return which is good.   How to install Keltner Channel Strategy Template in MetaTrader 4 / MT4: 1. Download/Copy/Save the TPL file into your C:\Program Files\MetaTrader 4\templates folder (or change the folder to your installation sometimes forex broker name) 2. Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application 3. Open the Template with Charts/Template 4. Locate the Template which you have just downloaded into the folder stated in Step 1 5. TADA and your done!

Posted by harryshavers

The GBP/CHF Forex trading strategy uses the clouds of the Ichimoku Kinko Hyo indicator to identify new market trends.   The timing indicator, which is part of this strategy is used as a trend confirmation tool.   When the timing indicator’s line is above the 50 level and rising, it means a bullish trend is commencing, while if the opposite happens, then it can be interpreted as the start of a bearish trend.   The GBP/CHF Forex trading strategy works for any trade style, including scalping, day trading and swing trading.   Chart Setup MetaTrader 4 Indicators: Ichimoku Kinko Hyo.ex4 (Colors Modified; Tenkan-sen=None, Kijun-sen=None, Chikou Span=None), Timing.ex4 (Inputs Variable Modified; Len=21)   Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day, 1-Week, 1-Month   Recommended Trading Sessions: Any   Currency Pairs: GBP/CHF + any other pair   Buy Trade Example: GBP/CHF (Great Britain Pound / Swiss Franc), H1 Chart   Fig. 1.0   Strategy Long Entry Rules Initiate a buy entry if the following indicator or chart pattern gets put on display: - If the sandy brown cloud of the Ichimoku Kinko Hyo Metatrader 4 indicator aligns somewhat below the candlesticks as depicted on Fig. 1.0, market is said to be in favor of bullish sentiments, therefore a buy trigger will suffice.   - If the multi-colored (yellow, green & orange) line of the Timing custom indicator breaks and stays above the 50.00 horizontal level as illustrated on Fig. 1.0, price is said to be pressured higher i.e. a trigger to go long on the currency pair of focus.   Stop Loss for Buy Entry: Place stop loss below support.   Exit Strategy/Take Profit for Buy Entry Exit or take profit if the following rules or conditions takes precedence: - If the Ichimoku Kinko Hyo forex indicator pops up a thistle colored cloud while a bullish trend is ongoing, price is said to be making a U-turn, as such an exit or take profit stance is recommended.   - If the multi-colored (yellow, green & orange) Timing forex indicator line dips below the 50.00 reference level while a bullish trend is on course (see Fig. 1.0), more and more bulls are said to be closing their market orders, hence an exit or take profit stance will suffice.   Sell Entry Rules Enter a sell order if the following holds true: - If the thistle colored cloud of the Ichimoku Kinko Hyo indicator aligns fairly above the price bars as seen on Fig. 1.1, the overall market sentiment is said to be bearish i.e. a trigger to go short on the currency pair of interest.   - If the multi-colored (yellow, green & orange) line of the Timing forex indicator dips and stacks below the 50.00 signal level as exemplified on Fig. 1.1, more and more bears are said to be taking up positions, thus a signal to go short on the selected forex pair.   Stop Loss for Sell Entry: Place stop loss above resistance.   Exit Strategy/Take Profit for Sell Entry Exit or take profit if the following takes center stage: - If the Ichimoku Kinko Hyo forex indicator displays a sandy brown cloud during the course of a bearish trend, bears power is said to be weaning, hence an exit or take profit stance is advised.   - If the multi-colored Timing forex indicator line surges above the 50.00 reference level while a bearish trend is ongoing (refer to Fig. 1.1), bears are said to be leaving the market increasingly, hence an exit or take profit stance will do.   Sell Trade Example: GBP/CHF (Great Britain Pound / Swiss Franc), H1 Chart   Fig. 1.1   About The Forex Technical Indicators Used The Ichimoku Kinko Hyo indicator is an appropriate technical tool, particularly for newbies who want to understand trend momentum, direction, pinpointing reversals and locating entry levels on the forex chart.   The Timing custom MT4 indicator is an oscillator that explains overbought (70 -100 region) and oversold (0 -30 region) conditions in the market.

A trading strategy, in general, is a technique used by a trader to determine the best possible course of action that can help yield returns. In forex there have been a number of strategies developed over time based on trading experiences from seasoned traders. These strategies help forex traders make informed decisions on when to enter or exit a position.     The key aim is to maximise chances of profit and minimise risk. However, to choose what works for you, first learn what the best forex trading strategies are, try them on your demo account and then decide which is the most suitable one for you.   Bladerunner Trading Strategy No, this isn’t about annihilating ‘replicants’ or any other dystopian scenario. The reason for the name is that it works like a blade to divide the price action into two parts. It uses the concept of price action in order to identify trade entries. The best thing about this strategy is that you can use it on any timeframe or asset. Also, there is no need to use any indicators that are present below the chart, such as MACD, RSI or a Stochastic Oscillator. The only indicator that is important while trading with the Bladerunner strategy is the Exponential Moving Average of 20 days.   How it Works This strategy works on a very simple logic. If the price goes above the exponential moving average and retests it, it can be expected to move in an upward direction. Conversely, if the price jumps below the EMA, it is likely to continue moving in a downward direction. A trend reversal can be expected when the price value moves through the EMA and the candle closes on the other side of the curve. So, here the EMA works like a moving resistance or support level.   Before making an entry, traders should ensure that the price has moved out of the specified range during the chosen timeframe. Additionally, the price should successfully retest the EMA, i.e., along with the closing of the candle below or above the EMA, the price should bounce off the line and move in the same direction.   If all these conditions are fulfilled, then the signal can be taken as confirmed. In these cases, you can consider a buy action if there is a bullish sentiment and a sell action when the sentiment is bearish. Of course, don’t forget to put in stop losses. This will help you manage risk if the signal turns out to be false.   Dual Stochastic Trade Stochastic, if used alone, is just an ordinary tool that can confirm signals given by other indicators. However, when two of these Stochastic indicators, with different settings, are merged, it creates a powerful trading strategy, known as Dual Stochastic Trade.   This trading strategy uses two different Stochastic Oscillator indicators, set at the oversold and overbought levels of 20% and 80%. The settings for the two different indicators are:   Stochastic Oscillator 1 - Smoothing = 10 - Period K = 21 - Period D = 4   Stochastic Oscillator 2 - Smoothing = 2 - Period K = 5 - Period D = 2   In this strategy, traders need to lookout for a strong trend. When the stochastic indicators are in the opposite zones, one in the overbought and the other in the oversold zone, it can be expected that the detected trend will keep on moving in the same direction.   Although it might sound simple, the Dual Stochastic strategy takes a lot of time to master. You can also use other technical tools, such as Fibonacci retracement, candlestick patterns and round numbers, to improve accuracy.   Overlapping Fibonacci Trade Most traders who have been using Fibonacci in forex trading end up using this strategy. Here, you use extensions or Fibonacci retracements to look for a meeting point of a Fibonacci level with signals, such as pivots, resistance or support.   The occurrence of overlapping Fibonacci is exciting for traders because it helps give a clear indication of when to trade. Two very strong Fibonacci levels present at an area of known resistance and support are likely to provide positive results. The simplicity of this strategy makes it highly popular and many traders use only this method for forex trading.   Pros and Cons The main advantage of this trading strategy is that it is highly flexible in nature and doesn’t need constant monitoring. The downside is that a lot of patience is required and sometimes novice traders could get confused while trying to assess the lines on the chart.   Forex Fractals Strategy Fractal refers to a steady and sizeable irregular-shaped design that is formed by data. In forex, it essentially refers to a repeating pattern amidst a larger chaotic scenario. The fractal used in the forex market is a pattern formed by five or more candles forming a price pyramid. Occurrence of a fractal pattern means that a new price pyramid is about to start and this is taken as a trading signal.   Many professional forex traders use fractals extensively, which shows how trustworthy the approach is.   Analysis of Fractals When 5 consecutive bars form a pattern in which the highest high is associated with the average valued candle, it is called an up-fractal. This can be taken as a signal to buy.   When 5 consecutive bars or candles form a pattern where the lowest low is the value of the average candle, it is a down fractal. This is considered as a signal to sell.   There are some factors that you should pay attention to while carrying out fractal analysis: 1. The duration of formation of the fractal structure is directly proportional to the reliability of its trading signal. 2. In case there is an occurrence of several fractals at a particular level, after which it breaks, there is a possibility of a strong and long trend in the same direction as that of the breakdown.   Keep in mind that no forex trading strategy provides 100% guarantee of a successful trade. But, they do help analyse price movements and make informed trading decisions. Also, a lot depends on how well you use the selected strategy and your own analytical skills.

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Heiken Ashi Candlesticks are offshoot from Japanese candlesticks. Heikin-Ashi Candles use the open/close values from the prior period and the open-high-low-close values from the current period to create a special Haiken Ashi Candle. The result is filtered candlestick out of some noise in an effort to better capture the trend. Heikin-Ashi represents the average-pace of prices. Heikin-Ashi Candles are not used like normal candlesticks. Multiple of buy or sell reversal patterns consisting of 1-3 candles are not found. But instead, these candlesticks can be used to identify trending periods, potential reversal points and classic technical analysis patterns.   The Heikin-Ashi technique is really useful for making candlestick charts more readable, trends can be detected and found a lot more easily, and buying/selling opportunities can be spotted at a glance. When you use Heiken Ashi Indicators properly, this technique can help you spot trends and trend changes from which you can gain some pips!   We have prepared three most popular Heikin Ashi Indicator. Normal, Smoothed and MTF/Smoothed which are explained below:   This are the available settings for Heikin Ashi Indicators which you can change:   Heiken Ashi Indicator Smoothed mtf: - TimeFrame: If you want any other time frame on your current time chart then set it here with this values: (note that you can only use higher timeframe then the current one)                 - Current chart timeframe: 0 (default)                                        - 1 Minute: 1                                        - 5 minutes: 5                                        - 15 minutes: 15                                        - 30 minutes: 30                                        - 1 hour: 60                                        - 4 hours: 240                                        - 1 day: 1440                                        - 1 Week: 10080                                        - 1 Month: 43200   - MaPeriod: It uses this number of BARs on your selected timeframe for calculation - MaMetod: Moving Average calculation metod it can be:          - MODE_SMA: 0          - MODE_EMA: 1          - MODE_SMMA: 2          - MODE_LWMA: 3 (default)   - Step: How many bars back this indicator starts to look if 0 is specified it means current bar - BetterFormula: Uses “different” formula for Heiken-Ashi calculations if se to False default calculation is done   Heiken Ashi Indicator Smoothed: - MaMetod: Moving Average calculation metod it can be:          - MODE_SMA: 0          - MODE_EMA: 1          - MODE_SMMA: 2  (default)          - MODE_LWMA: 3   - MaPeriod: It uses this number of BARs on your selected timeframe for calculation of Heiken Ashi Indicator - MaMetod2: Moving Average calculation metod it can be:          - MODE_SMA: 0          - MODE_EMA: 1          - MODE_SMMA: 2         - MODE_LWMA: 3 (default)   - MaPeriod2: It uses this number of BARs on your selected timeframe for calculation of Heiken Ashi Indicator   Heiken Ashi Indicator: - color1: Color of Bearish candles - color2: Color of Bullish candles - color3: Color of Bearish candles - color4: Color of Bullish candles

Posted by jeffreyhannah

Trend Bars indicator for Metatrader 4 provides buy and sell signals for any currency pair. It can be applied to all time frames.   Trading Signals BUY: Blue barsSELL: Red bars   Use in conjunction with other technical indicators (oscillators, candlestick patterns) to pinpoint your entry and exit levels.   Configurable Indicator Options RangePeriods, PriceSmoothing, IndexSmoothing   EUR/USD 4 Hour Chart Example  

SuperScalper is an indicator specially designed to scalp the forex market on the 1M or 5M timeframe. The indicator is very easy to interpret. It can be best applied to any currency pair with medium to high volatility.   Trading Signals BUY: Color changes from yellow to blueSELL: Color changes from blue to yellow   Use in conjunction with other technical indicators to identify the primary trend.   Configurable Indicator Options SignalPeriod, Slipe, FilterNumber, barstodrawline, Alerts, EmailOn,…   AUD/USD 1 Min Chart Example  

With NotifyOrderOpenClose Indicator you will be up2date with your orders if they close. Forex MT4 Indicator will send you email or push notification to your mobile phone (iphone or android with MetaTrader).   NotifyOrderOpenClose Indicator works for ALL orders on the account no matter on which chart or timeframe you place it. It will work for your EA’s as well and send you open and close orders that your EA places.   Please note that you need to configure your MT4 software to allow sending E-Mail and/or Notifications in order to use NotifyOrderOpenClose Indicator.

Posted by marykeating

The SuperTrend MT4 indicator provides you with bullish and bearish price area’s. The price is considered to be bullish above the green SuperTrend line and bearish below the red line.   Trading Signals No real trading signals from this indicator. One could be looking for buy entries above the green line and sell entries below the red line.   Configurable Indicator Options Nbr_Periods, Multiplier   GBP/USD 4 Hour Chart Example  

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Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per day (rembember: not quantity but precision matters!). Hyper EA Pro uses a dynamic Take Profit and a fixed Stop Loss.   Hyper EA Pro, as Forex Real Profit EA does not require a big initial deposit. You can start with as little as just $100 (however we do recommend $300 as starting capital). Soon enough you will see Hyper EA Pro quickly increasing your deposit.   Features of the Hyper EA: Type of strategy: Scalping Platform: Metatrader 4 Currency pairs: EURUSD, GBPCAD, GBPUSD, USDCAD, EURCAD, USDCHF, USDJPY Trading Time: Asian session Timeframe: M15 Recommended broker: XM

Extreme FX profit indicator and EA was made by Kishore M. Below you can find characteristics of this forex trading tool:   -Whenever there is profitable trade detected, it will automatically pop-up an Order Window for you to enter the trade. Target profit & stop loss are automatically set for you.-Easy-to-setup automated Buy/Sell arrow indicators on your trading chart-Over 90%++ winning accuracy (proven live-trading record)-No trading experience required-Works on all MT4 platforms-Works with all major currency pairs-Works 24 hours at anytime of the day/night-Works on ALL timeframes (recommended timeframes are 15 minutes, 30 minutes, 1 hour) so that you can make much more profit within a much shorter time)-You can choose if you want to enter the trade or not (flexibility for seasoned traders)-We have also include a powerful step-by-step video in showing you how to maximize your profit with this trading system.-The system is designed by an elite team using my proprietary Trading strategies backed up with 2 decades of my trading experience.

Posted by melvinjones

The new Forex Hacked Pro is multicurrency scalping robot (expert advisor) and now it can trade on nine currency pairs at the same time.   Forex Hacked Pro works using the martingale method, however entries into the market are made based on three scalping strategies , which increases the propability accurate inputs and reduces the potential danger from the ordinary course of trade by the method of Martingale.   Features of the Forex Hacked Pro:•Platform: Metatrader4•Currency pairs: EURUSD, GBPUSD, EURCHF, USDCHF, EURJPY, USDJPY, EURGBP, AUDUSD, USDCAD•Trading Time: Around the clock•Timeframe: H1   Naturally, testing history for Forex Hacked Pro performed for each pair separately. But in the real trading, the developers recommend installing EA with recommended settings sets (files. set) for all nine pairs to thereby to diversify risks. Of course, this makes some sense as large drawdowns moments do not occur simultaneously on several pairs, which can be clearly seen in the graphs backtest.   Forex Hacked Pro works using the martingale method and so is very dangerous and can lead to complete loss of the deposit. But with timely withdrawal profits earned, can be quite profitable. A timely withdrawal of profits of the initial deposit automatically makes Forex Hacked Pro break-even.   In the archives you will find following files:•Forex Hacked Pro.ex4•audusd.set •eurchf.set •eurgbp.set•eurjpy.set •eurusd.set •gbpusd.set•usdcad.set •usdchf.set •usdjpy.set

Posted by ginamiller

Note: the software is a MetaTrader Expert Advisor (EA), although it is not a trading robot, and does not open trades on its own.   For my awesome strategy I use the PARABOLIC SAR, the GATOR indicator, and the WR indicator.   BUT, the most important thing is, you don’t have any reason to worry about – I did the job for you You will get ALERTS, so you’ll never need to sit close to your computer screen and wait till all the conditions are met!   I’ve built this automatic alert for you, so you can get the alert, come to your platform and open the recommended trade.   You can see that the blue thumbs up icon shows the recommended direction, the entry price which is marked with blue line, the stop loss marked by the red line and the final profit target that’s marked by the green line.   So all you have to do, is open the recommended trade.   As an addition you can see on the top right corner, written in red:recommended entry point level, SL, TP, so you can easily use this information to enter your trade.   You can see on the top left the signal information as well.   So there is no way you’ll miss it    When you set the target price (Take Profit) I recommend the following:Open 2 identical positions, set the same SL for both of them, but for one set the recommended take profit, and for the second trade set a take profit that is half the amount of pips than the recommended.   For example, look at the picture above: the entry point is 1.6358 and the SL is 1.6210, it is 148 pips. For the second target, set 74 pips as the take profit.   This is all you need to know to use the Forex Secret Agent.   Now go on and maximize your profits.   I remind you that you can this strategy on the following pairs:GBPUSDEURUSDEURJPY   And on the following timeframes:15 min1 hour4 hours   If you want to use it for more currencies you can get it in my advanced software: Forex Secret Agent Advanced.   Also, if you’d like to use a robot to manage the trade for you after you entered it (like I do), get my Forex Secret Agent Trade Management EA.I wish you good luck, and profitable trades.

Posted by staceyswart

Forex Over Drive is a automated forex trading EA (expert advisor). Here is original description coming from authors:   Utilizing our innovative system that was built from the best and brightest, utilizing advanced strategies, you can now EASILY profit through Forex Over Drive software, an automated forex trading robot that does all the work for you.   Forex Over Drive has been put into action hundreds and hundreds of times, successfully providing us profits over and over. The forex robot allows you to sit back relax and make money.   Unlike other forex robot software, Forex Over Drive, has been recently developed from years of research and development from professional forex traders in the industry.   What if you could potentially earn hundreds or even thousands of dollars within the next 30-45 days? Better yet, what if you could earn a substantial amount of money while sleeping, eating, working, and relaxing? Well, with Forex Over Drive it is possible.   Unlike many forex trading robots out there who promise to double your income overnight, Forex Over Drive is a fully automated program that offers proven results. It makes careful and confident trades that generate you cash flow while minimizing risk. How do I know? …Because we have personally tested this product over and over for quite a long time making sure it is perfect before we released it to you.   In fact, we have done multiple LIVE tests with our own money to make sure this product would work: recently we deposited $150 into our trading account. Within less than 1 month we accumulated $808.54. If we can do it – without much effort – So Can YOU!

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The US dollar fell against its rivals on Friday, keeping its losses after the release of US economic data.   The US manufacturing PMI rose slightly to 53.5 points in October, on par with market forecasts, from 53.2 points in September.   Doubts remain about the potential agreement on the second US package, especially before the near presidential election.   The US House of Representatives Speaker Nancy Pelosi said yesterday that progress was made during negotiations with the White House and they're "just about there" on reaching the second Covid-19 stimulus deal, but warned that it’ll take a while to write the bill.   The dollar index fell against a basket of currencies by 0.2% to 92.7 points as of 20:05 GMT, after hitting a high of 93.1 and a low of 92.6.

The British pound fell against the US dollar on Friday, after the release of disappointing services and manufacturing data in the UK.   Data showed that the UK's manufacturing PMI fell to 53.3 points in October vs. 54.1 points in September, while analysts forecast 53.2 points.   The services PMI fell to 52.3 in October vs. 56.1 points in September, missing forecasts of 53.4.   Whilst the UK's retail sales index rose 1.5% last month, beating forecasts of holding unchanged.   Many observers believe that the UK is moving toward a no-deal Brexit scenario (no trade deal), amid the lack of any signs of an agreement with the EU.   As of 22:00 GMT, GBP/USD fell 0.3% to 1.3042, after hitting a high of 1.3122 and a low of 1.3019.

The US dollar fell against its rivals on Friday, keeping its losses after the release of US economic data.   The US manufacturing PMI rose slightly to 53.5 points in October, on par with market forecasts, from 53.2 points in September.   Doubts remain about the potential agreement on the second US package, especially before the near presidential election.   The US House of Representatives Speaker Nancy Pelosi said yesterday that progress was made during negotiations with the White House and they're "just about there" on reaching the second Covid-19 stimulus deal, but warned that it’ll take a while to write the bill.   The dollar index fell against a basket of currencies by 0.2% to 92.7 points as of 20:05 GMT, after hitting a high of 93.1 and a low of 92.6.

The energy services firm Baker Hughes announced today that the US crude oil drilling rigs count rose 6 rigs to 211 during this week.   While the natural gas rigs fell by 1 to 73 rigs, with the total of oil and gas rigs rising by 5 to 287 rigs.

The Australian dollar rose on Friday, after the release of positive data that showed continued improvement in the services sector.   Investors are focusing on the latest developments in the ongoing talks about the US second Covid-19 aid deal   The US House of Representatives Speaker Nancy Pelosi stated that progress was made during negotiations with the White House and they're "just about there" on reaching the second Covid-19 stimulus deal.   The last election debate between the US two presidential candidates Donald Trump and Joe Biden concluded yesterday, and was full of mutual accusations few days before the election.   Data showed today that Australia's services PMI rose to 53.8 points in October vs. 50.8 in September, while the manufacturing PMI fell to 54.2 vs. 55.4.   As of 18:23 GMT, AUD/USD rose 0.1% to 0.7127, after hitting a high of 0.7159 and a low of 0.7100.

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What is a currency index:An index of a currency is the trading volume or trading weight value of the currencies of other countries at a higher rate than the currencies of one country. Which has been the official forex base currency since 1973. So the highest base currency is the USD whose indexing calculation can be used to measure the value of the Ananya currency. So in today's currency index discussion the index currency is USD i.e. USD index USDX.The USDX is calculated with the trading value against the USD of the currencies of 22 countries over a total of 8 major currencies.The currencies are:Euro (EUR)Yen (JPY)Pound (GBP)Canadian dollar (CAD)Krona (SEK)Franc (CHF)Now the question is how to include 22 countries in 6 currencies? Yes, we know that there are 16 countries in the European zone, all of which have a single currency, the EUR, and the USD has a trending value against the single currency of Japan, Britain, Canada, Sweden and Switzerland. The simplest thing is to find out how much the USD is running against different currencies, which is called Indexing, since we will find out the index of USD, so it is called USDX.USDX Currency Country:Let's find out now which currencies are most involved for USDX i.e. how much of which currency is USDX for trading. Notice the image below:     The EUR is a huge part of the figure for USDX. In second place is Japan, followed by Great Britain. Thus you see a ratio of country-based currencies, with 50% of USD currency trading and more trading against the EUR. The remaining 30% off the chart is traded with unique currencies. The EUR plays the most important role for the USDX dollar and the USD is the most affected by the EUR. That is why USDX is called "Anti-Euro Index". The USDX is not calculated in the Forex market, but rather the large financial institutions that are there calculate the USDX to balance their trade or economy according to their needs. Since USDX is a global concept, many financial institutions use this formula to keep their economies afloat or to conduct business accordingly. One such institution is the Federal Reserve. They calculate the USDX as "trade-weighted U.S. dollar index". Hope you got a good idea about USDX.USDX Formula:USDX = EUR * 0.576 x JPY * 0.136 x GBP * 0.119 x CAD * 0.091 x SEK * 0.042 x CHF * 0.036· When the USDX starts to fall, it means that the exchange traders are selling the USDীত Conversely when USDX starts to rise then exchange traders start to buy USD.How to read USDX chart:The USDX chart is a type of chart similar to the unique currency chart whose index is calculated on a daily and weekly basis. In this case the INDEX General value of 100.00 is calculated on a Base basis. For example, when the USDX goes up, the USD value increases. If USDX is 110 then USD value increases by 10%. Again when USDX falls to 90 then USD value decreases by 10%. Remember that since we are talking about USDX, its reflection will be around the USD currency, which is why I see the reflection of USDX rising or falling, but in my USD currency. So far the USDX level has reached a high of 160 and a low of 78.   Why useঃAs mentioned earlier, the trading weight of USD can be measured with a unique currency through the USD Index. Since the combination of many currencies is USDX. So it is possible to forex those currencies through USDX. The effect of the strong or weak behavior of the USDX chart plays an important role in the forecasting of unique currencies. Just as we use Support and Resistance, Candlestick pattern, technical analysis or various other strategies in the case of trend lines and price forecasts, the trending trends of those currencies can also be understood through the effect of USDX or the flow of this chart.How to use: Since the index chart of USDX is EUR / USD, GBP / USD, USD / CHF, USD / JPY, USD / CAD based on trading volume. The trading strength of all these currencies against USD is USDX. So notice that when the trend is down in the EUR / USD daily chart, the trend is reversed in the USDX chart.   This time look at the EUR / USD Daily Chart   If you consider the above two charts, you will see that they are slightly opposite to each other. Because we already know that the main traded currency of the USDX chart is EUR so this currency hits the USDX chart more. Thus the next movement of the charts is predicted according to the country based and the traded volume of USD with their currency.Currency co-relation needs to be discussed to clarify this issue. And different Currency Strength Indicators are used to get their Forecasts by combining unique currencies with USDX. Understanding the currency co-relation will get you magic on how 4-5 currency charts create a reverse trend against a USDX chart. Today I tried to give a good idea about USDX. We will discuss currency co-relation in detail in the future.   You can see the USDX chart in your Meta Trader, in which case you need to use two indicators.First download the USDX indicators below from attached files:1. Copy to your Meta trader \ experts \ indicators.2. This time open Meta Trader and bring the Create $$ USDX indicator to the EUR / USD chart and enter the timeframe value in the time frame in which you want to view the USDX chart from the Input variable, 15M, 30M, 45M 1H as desired.3. Go to Open offline from the File menu and bring the chart you created. (Originally written offline chart and it is but live chart)   Thanks.

I am not a professional forex trader. I have heard from one of my brothers in the area, professional forex trader, that he earns a minimum of 635000-600000 taka per month from forex. So I am interested to join forex. I wanted to learn Forex from that brother and he promised to teach me and make expat like him. So I kept waiting for him with eager interest and one day I got bored at his house. He is one of the few people who can do forex. He told me that it will take at least 1-2 years to learn forex and he does not have time to teach me. , hurricane r candle stick o Hobby Jabi has a friend of his Nikki to learn from his forex coaching.I said brother, you are your expat, you teach me, he showed me excuses and said goodbye to me. When I lose, then the profit becomes minus, then the mind becomes very bad. I thought Forex is not for me. In the meanwhile, during the news release, in less than 1 minute, I made $ 24. I fell in love and interest in Forex. I made a big loss during the news release. I was on my way to say goodbye to Forex. I did a miracle one day in between. I don't even know how it happened to me. Since then I have been in a dilemma for 14-35 days and I have Professional TRADERS of Forex. The main source was caught. Now my Balance $ 855 I only trade in one euro / usd pair.After 2 daysAfter Tarabi's prayers, I met that big brother. I told him that my forex balanche is now $ 469. My brother thought I was doing a demo.Brother, I am joking, I don't know who left. After that, I picked up the SCREENSHOT of my forex balan and showed it to him. I don't think I need fundamental, trechni analysis, price action and rsi, adx, hurricane for money income in forex.This is the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject.When they do not share. And this is the formula of 2-3 minutes, whether it is heard or not, you have to do only three things on everyone's mt4 or mt5 indicator.I am very fond of thisP.F.T.S.T.S.R (PROFESSION FOREX TRADERS SECRET TRADING SYSTEM REVEALED)I will appear with you in the video. I will share it with everyone for a certain fee. Join my group and you will need a jar jar to join the group by texting me on Facebook. 20-25 people will be given. There will be no loss, only profitable professional forex traders can earn money. And Zara Pandit, they will be 100 hands away. I have given proof pictures. If anyone wants, I will give the video. Apply to the group. I think I will give the number on the mobile. Thank you.Who will get this Forex Formula (P.F.T.S.T.S.R) and join my Forex Group.1. Those who have minimal ideas in Forex2. When did he do forex before or is he doing it now3. You can invest capital in Forex4. You are in Forex but you are losing5. You can forex but very few inches6. Those who can deposit big money in FOREX are MOST WELCOME.Who will not get this Forex formula (P.F.T.S.T.S.R).(Because there is no point in wasting money if you can make money by buying formulas from us).1. Those who do not have the latest ideas in Forex.2. He has never done forex before or now3. You can't invest capital in Forex4. Do not understand forex5. Demo and never did.6. The lazy and more learned man that can change my needle.Last wordA very important point is that I am not a professional forex trader and the formula I will give you is the theme of professional forex traders which they never share. And I know many professional darlings who are wearing my writing here know this formula and maybe understand that I am giving the formula (P.F.T.S.R) to everyone on any subject.I think if my Dara benefits 10-15 more people then it is much better. Because their money is no longer out of my own pocket, they are working hard and earning income. I hope everyone understands. It will be good.God bless you      

1. Start with the basics.It is very easy to say that in order to be a trader, you must first know the basic terms of the Forex market. On a regular basis, you will learn things slowly without any haste. Eliminate the thought of becoming a great sage by learning all the things together in one day. Take your time, don't get too excited.2. Give up the thought of gaining quickly, learn to gain slowly by creating experience.If you think that Forex is the shortcut and the only way to get rich in less time then you are wrong. First, master the subject in a good way and gain experience. The more time you spend on any career, not just Forex, the more you will benefit. What difference does it make if your friend makes 100 pips at the same time you make only a few pips at the same time? The difference is experience! Your friend has been trading for the last 5 years and you have started those few days.Remember Forex is a career, not a scheme to get rich overnight.3. Be an expert.At the beginning of learning, many people first look for experts, people think that if you get the shadow of an expert, you will become an expert in a short time, I am not completely denying that. But the latent desire to become an expert is one step towards becoming an expert. Another form of expert is the result of your normal learning day by day. Because you can become an expert in the light of experience, so make your dream successful by counting your own experience. Expert's experience is completely his own. Until you cross that path on your own, it will only remain your dream.4. Use your own analysis.Following another person blindly will make you blind. Your goal is to be a successful trader so analyze your own trades by mastering the analysis methods well. If you are able to trade in your own analysis, your analysis will make you a professional trader. If you follow a self-proclaimed guru like a blind man, how will you trade when the guru stops giving his tips? So be your own guru.5. DemoThe best of all is demo trading. Demo trading will help you catch the mistakes of your new trading and help you to give up bad habits in trading. Demo trades are superior to live trades from different brokers. The test of every trading method is demo. If the demo success rate is good, use it in live trade. Use all the styles you have in the demo first. Extend the trades in the demo as you wish. Then select which strategies to use in real trade.. Learn from mistakesTake note of the success and failure of each test trade. Retire from trading for some time (may be more) in three consecutive failed trades. And give time again in the cold head after the break. Don't go live thinking about the success of the fourth time in the three times loss trading method. He started the analysis with the loss trades, where the mistake was or why it didn't work properly. Find out the right reason and move on to the next trade in Shudra.. Create good methods.Most new traders lose first. The reason is over-excitement, over-demand and pre-trading ahead of time. So, without trading too much excitement, first master the issues well, gain experience and start trading at minimum risk. Before trading every time, check and check if the trading tool (strategy) is correct. Everything you expect from the trade.. Stick to your own method.Every trading method has its pros and cons. No trading method is 100% profitable. There are 6 profits and 3 losses in 10 trades of your trading method, you are successful. In case your trading success rate may go down further, don't get frustrated or excited, update the strategy by understanding the market change and stay sticky in your strategy because only you know how fruitful your strategy is.9. Think of everything simply.There is no reason to think that your trading is too difficult. Start in a simple way, you will see that it is really easy, there is no need to create a base. Set aside time to trade at your convenience. Give less time but it is Zeno effective. In other words, if you can't give more time, then spend as much as you can for trading. If you want to start a new strategy, just think about it in time, analyze and fix it, make sure the results in the demo. And decide.10. Trade in a pair.Starting many trades at once does not put your risk level and extra stress on your head. So choose only one pair for longer trading. Many currencies may seem suitable for trading together, but trade with the currency pair that you have a good idea about. If you trade with 4-5 pairs at a time, you will not be able to understand the character of any pair well. And become a misguided and eventually lose trade.11. Trade within a certain timeframe.Practice trading in a specific timeframe, as there are many advantages to trading in a single timeframe, such as trading in a single timeframe where you can fully concentrate where many timeframes can confuse you a bit. A timeframe will help you analyze and make proper decisions, because the same chart will start different analyzes in different timeframes, so trading in a timeframe is very important, especially for beginners.

Posted by lexiegordon

One of the most important aspects of forex trading is choosing the right broker. Many traders have already faced many problems with brokers. Some people have problems with investing as they cannot choose a good broker without realizing it. Again, it has been seen that even after making a good trade, one cannot fall into the various traps of the broker and withdraw money. There are many such examples.   So today we will discuss how to choose the right broker and how to make sure that your investment is safe with this broker or how much the investment should be.Refrain from trading in the brokers in which you will get the following points.Slipage:Slipage is the difference between the price at which you want to open a trade and the price at which you can open a trade. In this case you will never be able to open or close the trade at the actual price on instant order. Solid and no dealing desk brokers do not have slippage.New Broker:This is not to say that you cannot trade in new brokers, but there are many new brokers who disappear with your capital after accumulating in the market for a few months. One broker is Kiwifxbank so be aware of investing in new brokers.Cash or product offerMany brokers open new live accounts and offer a variety of attractive products such as iPhone, Android, etc. with cash prizes. In fact, these are just a trap to get you invested. Beware of all these brokers.Fiscal Paradise:If your broker is a Fiscal Paradise type broker, think twice before investing. That when you go to withdraw money or visit their office directly, you will actually find someone there!Unknown Authority:Brokers have at least one authority when it comes to the market, but in that case you have to be clear about some things. For example, the authorized number that the broker is using is actually the authentication of his company. For example, a broker called Kiwifxbank did such a thing. They started working under the name of Kiwifxbank as a Sister Concern of an organization called Vault Market Pvt.Let's learn how to choose a solid broker.Review / Reputation:When a broker starts working, many forex bisayaks write about the good / bad, advantages / disadvantages of that broker. Such as how this broker is, how transparent its transactions are, what are its good aspects and what are its bad aspects, etc. There different traders write their respective opinions about the broker to help you find out the details about that broker. When many traders give the opinion that the broker has slips, recalls or problems in withdrawing money, then that broker should be careful.Duration:Straightforwardly, the older the broker, the greater your reliance on that broker for trading. Many brokers come every year, so study the broker to see how long it lasts, you can proceed in a positive perspective for those who have been running the business for about 3 years.Regulation:As I said before, broker regulation is a very important fact. In the case of broker selection, check whether there is a National Authority with minimum তার domestic stock exchange regulations. For example, check for CFTC / NFA for US brokers and FSA for UK brokers.It would not be wise to trade in Virgin Islands regulated brokers.Headquarters Location:Solid and real brokers trade with their physical existence because this type of financial business is not possible in Fiscal Paradise. So be sure of the broker's office location.ECN or Dealing Desk / Market Maker:Brokers are usually of two types, market makers who open another trade against each of your trades and create a market on their own to benefit themselves by keeping you away from the main market buyer sellers.ECN - Electronic Communication Network Brokers are real brokers who conduct trades by directly connecting buyers and sellers. (Read my post to know more about Dealing Desk Brokers and ECN Brokers.)You can also choose a broker and start trading knowing the broker spreads, customer support and some other details.

Posted by andrewdoherty

Why Do Forex Traders Lose? Common questions we're asked is why do Forex Traders lose when they first start off trading or when they've tried it for some time. Well, it comes down to 10 main reasons. Traders will fall into either one or more of these categories on why they lose then go off on their way and say trading isn't for them, it's too hard it's a scam. The harsh reality is they never started off their trading with the correct foundations.     Top 10 Reasons Why Traders Lose Below I've listed the core reasons and I'll cover each reason in a little bit more detail so you can prevent yourself from making the same mistakes.   1.Poor Risk Management 2. Not accepting responsibility for mistakes 3. Over trading 4. Risking too much 5. No trading strategy 6. Unrealistic expectations 7. Indecisive trading 8. Never wrong 9. Not Enough Money to Trade with 10. Focusing only on technical analysis   Poor Risk Management Most traders get into trading without understanding a thing. This includes risk management principles. When it comes to taking on risk they may think it's completely fine and logical to be placing trades by risking everything. In reality this is gambling and it's why trading has this persona of being too risky.   The professional traders are ones who understand risk, they don't gamble their money away and they only risk what they set out and no more (unless they're scaling in). Even simple tools like setting appropriate stop losses and profit targets the noob trader lacks. So before you start trading make sure to learn about real risk management.   Taking Responsibility Time and time again people and not just traders fail to take responsibility when things go wrong. What happens? The blame gets put on someone or something else. When traders get into the markets and they lose trades they try to find one single reason why it happened. BUT, it will never be themselves. So, what could it be? Did the brokers do make me lose? Did the market makers hunt my stop loss? News just made my trade fail.   All these phrases are put to blame when trading but the reality is you need to get into a habit as a trader to take sole responsibility of losses and trades. Once you do this you can actually improve as a trader but until then it will be impossible to progress.   Over Trading Over trading is one of the most common mistakes traders will make and a costly one for sure. It generally happens the most after a trader has just exited a trade whether it be a losing one or a winning one. The trader will either be emotionally happy or upset causing them to try get back into the markets.   One key fact you need to consider when trading are the costs involved. Spreads and commissions are the main ones for most traders that fall in this category. The main reason being if you keep entering and exiting tradings then you need to pay a fixed commission and spread per trade. This is what causes losing traders.   Risking Too Much Traders come into trading thinking it's somewhere to earn big where they think they need to "risk big". That's where traders make a massive mistake, they risk too much per trade which causes them to actually end up blowing up their own trading account. Even traders online will say they risk 100% which is crazy.   What you need to do when starting out is setting proper risk management principles based on your trading capital. If you start with less capital then you start leverage more which messes you up.   No Trading Strategy Beginner traders coming into the markets won't really understand the concept of a strategy. Well, everyone needs a strategy when they come into trading. It should basically tell you why you should be trading and if you don't have one then you shouldn't really be trading at all. Having a strategy allows you to stay consistent in a set of rules and principles to come up with trading ideas.   We give all our traders a systematic strategy to follow using fundamentals (economic data). Your success will basically be measured on how consistent you can execute a strategy. One big mistake is that traders come into the market thinking they can follow a technical strategy which is following lines and indicators but that's completely wrong. If you're not considering economics the strategy is useless.   Unrealistic Expectations Many people come into trading thinking it's a get rich quick thing a quick profit from the markets. One of the core reasons traders lose is because of this exact reason of setting themselves unrealistic expectations. As a trader you never get to decide how much you can make from trading, the market will decide that for you.   Something I absolutely hate is when so called traders decide how much they can make. "Make £5000 a month trading", "Quit your job" and "Work from anywhere" are all very big red flags that what they're trying to reel you in with are false dreams and hopes which are setting you unrealistic expectations.   The best traders in the world make upwards of 50% on a good year just take a look at the performance of hedge funds and investment banks. If you set yourself ridiculous expectations then it will force you to risk too much, trade too much or make even more mistakes just so you can reach the goals but in reality you'll get further and further away of what you want to achieve.   Indecisive Trading What do I mean by indecisive trading. Well this is simply a trait where traders literally freeze in fear before placing a trade so they wait and wait and wait until they think it's the right time to get in staring at price movements. Another case of indecisive trading is buying something and selling it straight away due to price action.   The harsh reality is if you had a thorough strategy and proper risk you wouldn't have this fear driving your emotions or trading activity. Having a strategy that isn't just pretty patterns and indicators will give you that confidence in your trading over the long run.   One of the factors which has surprised me is peoples financial situation. If you're not working you shouldn't trade, very simple. The reason being a psychological loss of money when you have no income is much stronger and therefore causing you to make too many mistakes. Trading is not an income it's to build existing income.   Never being wrong When you become a trader the first thing I guarantee you want to be is thinking your trades are always right. However, when trading you can never be 100% certain and having this sort of ego will get you killed. When you start thinking you'll never be wrong you end up taking on more risk. When you take on that big risk and lose you start getting upset and fall for the other reasons why traders fail.   What you need to do is accept that losing is part of the game. Keeping losses smaller than your winners is key. Some of the best traders and hedge fund managers out there have success rates of about 25-50% meaning they lose more than half their trades but when they're right they win big and when they lose they lose small.   Not Enough Money This one is really interesting reason for why traders lose and it's not really talked about. Similar to mentioned points earlier about not having a job you shouldn't be trading without one, trading is to increase existing income. However, people think they can jump into Forex and create an income. One of the biggest problems is that creators on social media create false expectations of trading basically selling the dream which doesn't exist. In reality to trade properly you need a decent start up capital. If you're trading with the bare minimum you're forced to over leverage which causes traders to lose quickly. Remember the goal to being financially stable is first having a job with income and from there you can work on growing yourself.   Technical Analysis Only Our final and probably one of the most important reason why existing traders fail is because of their overrated attention to technical analysis. What traders think they need to do is understand the charts, price and indicators. In reality technical analysis is only useful for a couple things like identifying a specific trend or timing your trades. It's terrible for trying to forecast the future direction of prices.   This is the sole reason you need to understand fundamentals to get the best probable outcome of future price depending on economic data. If you're not using both types of analysis there's a high chance you'll end up like the rest of the losing traders. Save yourself time and money by learning these reasons and improving your trading habits.

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There is no best moving average crossover strategy for swing trading regardless of what anybody tells you.   All we can do as swing traders is put the odds in our favor by using a few technical indicators as well as price action.  We need an edge and even a small edge can build your trading account if you trade it consistently.   This swing trading strategy will use a few technical analysis tools that are designed to show us if we are in an environment that supports a trade.   We are going to use 2 moving averages to determine the direction of the trend.  For this strategy, we are going to use the 5 SMA and 10 SMA (simple moving average) The stochastic indicator will be used with the settings 14,3,3 and the levels 80 and 20.  We will use these levels to indicator an oversold/overbought market condition The RSI (relative strength index) will be set to 14 and we will use the 50 level to help confirm a strong trending environment.   Consult your trading platform user manual to show you how to apply these technical indicators onto your chart.   What A Moving Average Crossover Means   There is nothing magical about any moving average crossover.  Even the so called “golden cross” doesn’t pan out in extensive testing as having any deep meaning.  Moving averages, like all technical analysis indicators, are derivatives of price.   Moving averages simply calculate the average of X number of price points in the past.  Obviously when a trend is slowing down the price range decreases and you start getting closing prices closer to the one previous.   What may appear to be a moving average supporting price is simply an artifact of slowing price action which allows the average to catch up to price.   When we use it for trend direction in the crossover, all we are seeing the average of the previous 5 closes and the average of the previous 10 closes are getting smaller.  You eventually see the crossover occur.   We will use the cross as the first indicator for a sell signal or a buy signal.     This is the daily chart of the EURUSD.  Since we are looking at swing trading strategies, I much prefer longer term time frames for trading so swings can actually develop that have the potential to run.  Choose the time period you want to trade and be consistent.   If you are trading a daily chart, avoid the temptation to zoom in or out to a different time period to convince yourself of a trade.  You also want to monitor any current positions on the time period you entered the trade on.   A few key points:   The 5 and 10 SMA are a fast and slow moving average which we will use for the first signal in our trade setup.  They will help us define the new trend direction. The stochastic will be used for oversold and overbought. We won’t ignore the cross of the lines if they take place around the 50 level. We only care about this indicator if the moving averages have crossed. The RSI will be one more tool to see if price is either breaking down for shorts or is gaining strength for a buy signal.  This is the last variable in a buy or sell signal.   We will not ignore price action or support and resistance.  Nothing pays but price and you will see an example where price structure would have had you sitting on your hands (although the setup never does confirm).   What Is A Sell Signal?   These numbers do not represent what we see on the above chart.  That will be discussed after you learn the setups.   Wait until 5 sma crosses 10 sma to the downside Wait for the candlestick that forced the crossover to close. Look down and see if the Stochastic indicator either above the 80 level or has started to head down below the 80 level. Check to see if the RSI indicator is breaking through the 50 level If both 3 and 4 are true, then place a sell stop order 3-5 pips below the low of the candlestick Your stop loss can be above the high of the last candlestick or a 2 bar high.   What About Profit Taking?   You can trail your stop loss above each lower high to really get some home run trades.  You could also exit on the next crossover or if there is signs of exhaustion coming into the market.   I will say it again…whatever you choose to do, be consistent in your approach.  This is where using a trading plan and logging all your trades will be important.  You can’t fix what you don’t track.   What Is A Buy Signal?   Your signal to buy is the exact opposite as a sell signal.   Upside cross of 5 and 10 SMA Wait for close candlestick Stochastic is below the 20 level and rising ( or recently crossed) RSI is breaking 50 level If 3 and 4 are true, place a buy stop order 3-5 pips above the high Your stop loss can be below low of previous candlestick or 2 bar low.   Swing Trading Example Of Crossover Strategy   You can open the chart above in a new window so you can follow along.   Everything sets up nice for this sell signal.  The crossover occurs to the downside.  The stochastic has recently turned to the downside and RSI has broken 50.  We don’t get a lot of price movement here but we also have just come from a period of price movement that made up an ascending triangle. You could exit the previous trade here.  This is a beautiful buy signal as the crossover occurs, Stochastic is rising and RSI has just broken 50 No sell signal so no trade exit.  RSI doesn’t touch 50, Stochastic crosses back up around the 50 level. No sell signal as Stochastic still bullish, RSI still strong. No sell signal.  Stochastic has turned and so has the 5 and 10 SMA but RSI is still bullish.  Also notice that when RSI bottoms at 50, the black line on price is showing support structure.  We can also see the Stochastic is heading toward oversold and that combined with our support equals no trade and no long trade exit. If you missed the original long or like to add to positions, you can get on-board here.  I won’t describe it…..what do you see?   That initial long trade is up 796 pips as of this chart!   In Summary   This is a great swing trading strategy that harnesses the power of common technical indicators: Moving averages Relative strength index Stochastic oscillator   We also included common price structure (support and resistance) and we need price action to get us into the trade via stop orders.   As will all swing trading strategies on this site, test them, tweak them and prove to yourself they can work.   Please like and share this blog post is you found it helpful

Posted by finnhenry

And here we are again talking about the strategy that withstood the test of time. This Forex trading method is based on the same study of defining support and resistance levels and trading upon the fact of their violation.   A trading setup requires only an open chart and no restrictions for the currency or timing preferences.   Entry rules: Once the price makes it through the “pivot Line” - dotted white line on the figure below (drawn using the latest price peak) - and closes above (for uptrend) or below (for downtrend) the line buy/sell accordingly.   Exit rules: not set. However, exit can be found using Fibonacci method; or traders can measure the distance between point 2 and point 3 and project it on the chart for exit.   Additions: as an additional tool traders can use MACD (12, 26, 9). The rules for entry then will be next - let’s take a SELL order:   When MACD lines cross downwards, you look for 1-2-3 set-up to form. When the price starts “attacking” the “pivot Line” you check that MACD is still in SELL mode (two lines are heading down). Once the price closes below the “pivot Line” – place Sell order.     Same chart: MACD (12, 26, 9) is added.     Enjoy!

Posted by maishamrittika

Trading systems based on fast moving averages are quite easy to follow. Let's take a look at this simple system. Currency pairs: ANYTime frame chart: 1 hour or 15 minute chart.Indicators: 10 EMA, 25 EMA, 50 EMA.   Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).   Exit rules: option1: exit when 10 EMA crosses 25 EMA again.option2: exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).     Advantages: it is easy to use, and it gives very good results when the market is trending, during big price break-outs and big price moves.   Disadvantages: Fast moving average indicator is a follow-up indicator or it is also called a lagging indicator, which means it does not predict future market directions, but rather reflects current situation on the market. This characteristic makes it vulnerable: firstly, because it can change its signals any time, secondly – because need to watch it all the time; and finally, when market trades sideways (no trend) with very little fluctuation in price it can give many false signals, so it is not suggested to use it during such periods.

Posted by holdenlevi

Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.   To start:Currency: ANYTime frame: 1 dayIndicators: 5 SMA, RSI 5   Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.Exit rules: not set.     It is a very very simple system, yet with quite impressive results.Always remember to take actions/enter the trade only after the signaling candle is closed.   This Strategy or trading idea can be used to create more advanced trading version.

Posted by laraparker

As we move forward we discover a strategy that fits only chosen currency pairs.Take a look at the next Forex trading system:   Currency pair: EUR/USD.Time frame: 30 min.Indicators: MACD (12, 26, 9), Parabolic SAR default settings (0.02, 0.2)   Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards – buy.   When Parabolic SAR gives sell signal and MACD lines crossed downwards – sell.Exit rules: exit at the next MACD lines crossover or if the market starts trading sideways for some time.     Happy Forex trading!

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Posted by rodneyevans

Quote from forex-stationWe like: One of the most accurate non-repainting indicators we have used. Works in range-bound and trending markets. Wide range of Alert options. Arrows. Beginner friendly and easy to use. An all-in-one indicator for Scalping, Counter-trend trading, Trend trading and gauging the market's movements. Room for improvement: When counter-trend scalping on the smaller timeframes this indicator can sometimes cause new traders to jump in too early. Rest assured, it's a highly effective trading tool so if you do open a position early you'll find that price will eventually correct and you'll be able to close at break even or in profit. Anyone know how to use this? how to trade with this?Attached on chart seem to slow down or hang MT4.  

Posted by maishamrittika

Trading with Parabolic SAR involves the following signals:   PSAR dot is above the price - downtrend.PSAR dot is below the price - uptrend.   Parabolic SAR   Parabolic SAR indicator is a trend indicator, which tells Forex traders about price stop-and-reverse points as well as trend direction. Its concept of usage is easy to understand from the first look. Parabolic SAR appears as a set of dotted lines, where each dot represents certain time period.   When price is above Parabolic SAR dots, Forex traders should be holding Long positions only. Once Parabolic SAR dots come on top of the price - it is time to change trading positions to Short. Parabolic Sar indicator literally allows being in trade all the time.     How to trade with Parabolic SAR indicator   However, trading with Parabolic SAR is not that simple; not all Parabolic SAR reversal signals can be traded profitably. Let's turn to advice given by the developer of Parabolic SAR indicator - J. Welles Wilder. He suggests using Parabolic SAR, first of all, for trailing stops and finding the best exits.   The way Forex traders use Parabolic SAR is by simply setting a Stop loss order at the level of the most recent SAR dot appearing on the chart. Stop is then trailed along with each new Sar dot till trend remains intact. Once Parabolic SAR indicator changes its position - SAR dots appear on the opposite side of the price - the trade is closed.   Welles Wilder doesn't recommend using Parabolic SAR as a stand alone indicator. The main reason for that is: Parabolic SAR can easily create whip-saws (false signals) during periods of market consolidation. The Parabolic SAR works best during strong trending periods, which Wilder himself estimates occur roughly 30% of the time. Thus Forex traders will need other Forex indicators to identify those strong trending periods. For himself, Welles Wilder developed ADX indicator - another trend indicator - which tells what kind of trend is dominant and how strong the trend is. Upon knowing the trend and its health Forex traders can pick appropriate signals from Parabolic SAR and disregard the rest.   How do you determine the trend if you don't want to use ADX. Try 50 EMA. Price readings above it would suggest an uptrend, below - downtrend.   Parabolic SAR settings   So, Parabolic SAR is developed to keep stop loss level moving adjusting to new prices and thus locking profits on its way. The formula of Parabolic SAR includes an "acceleration factor", which allows to react to market changes fast as the trend starts to accelerate. At the beginning, new Parabolic SAR dots are placed close together and then accelerate as the trend advances.   Parabolic SAR has two variables: a step and max step. Settings recommended by W.Wilder are: a step of 0.02 and the max step of 0.2. The step sets sensitivity of Parabolic SAR indicator. If the Step is too high, Parabolic SAR becomes more sensitive and will flip back and forth more often, with lower step Parabolic SAR will become smoother. Maximum step sets a cushion between price and Parabolic SAR. The higher the max step the closer the trailing stop will be to the price.   Parabolic SAR - useful tips:   Tip 1:When space between Parabolic SAR dots increases significantly, it indicates that acceleration formula for SAR is already working. Thus, if you have missed out on an entry, it might be better to avoid late entries at all and rather wait for an opportunity to re-enter the trade with a help of, for example, Stochastic indicator.   Tip 2:Parabolic SAR is only a mathematical interpretation of the price. Even though it helps to identify initial place for a Stop, it may not be the final or best one sometimes. Forex traders who also look at support/resistance levels, round numbers, trend line etc may find even better place for Stops to be set.   Parabolic SAR indicator Formula      

Posted by dionnabown

See Why the WaveTrend is the Most ConsistentlyProfitable Trading Indicator Money Can Buy,and Why it’s Such a No-Brainer to Make Sure YouHave it in Your Metatrader Trading Arsenal.”The WaveTrend Calls Reversals with Precise Accuracy The WaveTrendDOES NOT REPAINTDOES NOT PAINT IN ARREARSWaveTrend Reversal Dots Paint at the Close of the Current Candle… Just the way we Want Them!!The WaveTrend is a Leading IndicatorNot Lagging like Most Other IndicatorsThis indicator original price 49$ at mt4 market. But im going to give for free. So enjoy your profit ..

Posted by angelacomes

100% NEW 2019 - NEURO DETECTORLatest Neural Network Technology 2019Download FileTechnology of Neural Networks - You will not find the second such indicator predicting the direction of the market movement so precisely! No delays, no signal rewriting.24/7 Global Market Analysis - It doesn’t matter where you live or what time you want to trade, the indicator analyzes the market around the clock, so you can work anytime and anywhere.Number of Signals - The indicator can work simultaneously on all currency pairs. More signals at the entrance!Convenient to Use - Due to its clarity and informativeness, this indicator is surprisingly simple and easy to use.Always High Accuracy - Signals are always specific and never redrawn!Signal Quality - The indicator has been tested by over 3000 people, the accuracy of the signals has been proven!No Defects - NO lag. NO delays. NO rewrite.Quick Start - This indicator is very easy and quick to install. Installation and full launch of the indicator do not require additional knowledge and take only two or three minutes.Multi Asset Setup - The indicator is configured to work on cross currency pairs. Increase the number of reliable signals.Signal Accuracy More than 82% - Extremely high signal accuracy, trading on all timeframes!Bonus - Additional secret indicator ($).

Hi TradersI used the Extreme Spike Indicator on the GBP/USD setup. How I use is it I wait for a Spike Low to form then trade in its direction to the upside as you can see this methods work but the indicator does repaint even though you enabled the non repaint option but the repainting has been reduced by this feature when enabled but I still think a filter is needed in order not to just trade the spikes low or high blindly so if someone has a better way to add to this indicator as a filter it would be really great as this indicator has a potential

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Posted by marlonadkins

Upgrade for Urakan, now price action only, fuck the bloody late indicatorgoing somewhere nothing else , no glossy fab scalpersGb H4.

Posted by leeroberts

This adviser gives very good results. The author of the adviser gave a week to test it only on a demo account. Try and give your feedback. Trend Hunter is a Trend Following EA. It is a conservative EA. and this EA not take entry randomly. When signal comes then EA will take entry. You no need to run this EA any selective pairs. EA has ability to analysis 35 currencies from one chart. A user can change it conservative to aggressive settings. We give all the files to users. So a user can use it his suitable settings. In ttl it is a User Friendly Robot.EA can monthly return 30-60%DD is depends on users. How much his balance and how much he want to take risk. On average EA DD 10-30% maximum.

Hey Buddys ,today I'm sharing with you a pretty simple EA that I'm using to manage my trades. It works also pretty well with other profit scalping and maritangle EA's to reduce the risk of trades.It can:1. Manage your loss / winn & stop your trades & EA's on a special point of loss / profit in 1.1 Pips1.2 Percent1.3 Amount / Money​ 2. Manage Trailing stops3. Many others Here is the full way to use it: Double-click the script to execute or attach it to the desired chart Once started EA will start monitoring current account equity and all upcoming closed trades You can set EA to close all trades and disable all EAs when account equity reaches a certain loss or profit level in percent, money or pips. You can choose multiple options like close all trades when account reach certain profit in percent or certain loss in money. You can set EA to close all trades and disable all EAs when certain cumulative profit or loss level is reached in money or pips. Profit or loss target in money depends on your account currency. If you have USD account, profit/loss target will be in USD, if your account is in USD, profit/loss target will be in USD. By default EA will manage all trades running on your account, but you can override this by setting certain magic number in EA settings. All values must be positive. By default EA is set to disable all Expert Advisors on equity trigger. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts) work in different mode and they can not be disabled until removed from chart. You can set EA to use Trailing Stop and/or BreakEven function on your trades. Here is the explenation of all settings:DisableAllExpertAdvisorsby default this is set to true and it means that EA will disable all Expert Advisors on equity trigger or certain cumulative profit/loss reached. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention.CloseMetatraderCompletelyby default this value is set to false. If you set it to true EA will close MT4 platform completely on equity trigger or certain cumulative profit/loss reached. This is very useful if you use trade copier software to receive trades as most of the trade copiers does not stop operating when “Expert Advisors” are disabled.EquityLossPercentwhen account loss equity in percent will reach this value EA will close all trades. Set this value to zero to disable itEquityLossMoneywhen account loss equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable itEquityLossPipswhen account loss equity in pips will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitPercentwhen account profit equity in percent will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitMoneywhen account profit equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitPipswhen account profit equity in pips will reach this value EA will close all trades. Set this value to zero to disable itMagicNumberthis is where you set magic number. If set to zero (default), EA will manage all trades. Set this variable to a certain value and EA will manage only the trades with the specified magic numberCumulativeLossMoneywhen cumulative profit/loss amount in money (account currency) will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeLossPipswhen cumulative profit/loss amount in pips will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeProfitMoneywhen cumulative profit/loss amount in money (account currency) will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeProfitPipswhen cumulative profit/loss amount in pips will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.TrailStopStartPips and TrailStopMovePipsEA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips. Once activated EA will move stop loss in profit every pips value set in TrailStopMovePipsBreakEvenStartPipssets how many pips trade should get into profit before stop loss is moved to the entry price. BreakEvenMovePips is used to set how many pips EA must add to the entry price if you want your trade to be closed in profit on reverse.Happy & Save trading!

Posted by antwanbedgood

Dear Friends in Journeyforex, I am back again with yet another release from me, Now this time, its 100% profitable and making a monthly returns of 20% minimum with low risk. I am posting the EA in this for you and just follow the instructions. Use it for your accounts and Enjoy ! you will not be disappointed.Attached Files :1. Keltner Channels Indicator [ Copy this File into Indicators Folder of MT4 datafolder ]2. KeltnerVersion 3 EA [ Copy this File into Experts Folder of MT4 datafolder ]

Posted by eloaizabel

The Robot or Expert Advisor (EA), MF Trend Trader is designed to use the currency movement trend.It uses two indicators in 4-hour Grafica to determine the automatic operations.The two indicators of the program are; A Bandit MA set to 27 (3) and another Bandit MA set to 50 (3).It will buy automatically when the price is above Bandido 27 and Bandido 27 is above Bandido 50. Automatically sell when the price is below Bandido 27 and Bandido 27 is below Bandido 50.This robot will automatically enter into commerce with each 4 hour stage and will seek to charge 13 pips of each move, unless the operator adjusts it differently.The MF Trend Trader 27-50 Robot works better and is more profitable in accounts that have Hedge ability (play both sides at the same time).Included is the indicator template used by the Robot for Metatrader 4 platform.All rights reserved to Maestro Forex.