Learn secrets of the most successful Fibonacci traders - forex news trading ea

Learn secrets of the most successful Fibonacci traders ~ forex news trading ea

Bank Big Profits When You Arm Yourself With a 5,000 Year-Old Secret Weapon to Pinpoint Key Market Turning Points With the Skill of a Military Marksman!"

No, its not some metaphysical mumbo-jumbo. And its not some mathematical equation that requires the I.Q. of a rocket scientist, either.

Its real. Its easy. And its possible, whether youre a newbie or a seasoned trader. You may have heard of this ageless formula before, too. Its the "Fibonacci Formula".

But before you say "Sure, I know it," wait a moment ...

... Because its not like what youve heard before! I guarantee youve never seen anything like this.

Imagine learning the skills, savvy and secrets of some of the most successful Fibonacci traders on the planet.

Better yet, imagine learning it all with such ease, speed and accuracy, you can predict key market ups and downs with laser-guided precision as fast as just in a few hours!

How?

With 12 power-packed, step-by-step video tutorials (thats several hours worth of training!), all on one, single CD.

You just pop it into your computer, sit back and watch. In fact, learn today, and you can be making cruise-controlled, Fibonacci-based trades as early as TOMORROW!

You learn all the Fibonacci Secrets in a way thats so simple, even a teenager can do it! Its Fibonacci made easy.

There are so many examples, tips, tricks, insights, rules and secrets that your head will be buzzing with new ideas and anticipation of making your first Fibonacci trades!

This is an INCREDIBLE resource thats filled with not just videos but also with guides, software and even an actual video footage of a Fibonacci-based day trade in the Emini S&P ...

... Done right right before your very eyes!

Its an entire "encyclopedia" of Fibonacci wisdom.

But if youre skeptical, let me explain.

You see, the Fibonacci Formula is not a secret in itself. Its in its specific and proper application that is. Only a handful of traders know how to properly read Fibonacci.

You need to read Fibonacci levels correctly. If not, you can make some serious errors that can cost you BIG TIME.

PLUS, youll also discover the only 2 indicators youll ever need to use to properly trade from Fibonacci levels...

... In both bear and bull markets ...
... On intraday charts or daily charts ...
... In stocks as well as futures, commodities and forex.

Check out this amazing resource by clicking this link.

Stan

Technorati tags: Forex, forex trading, Fibonacci, Fibonacci levels, Fibonacci formula
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Bank of England Leaves Interest Rate Unchanged at 0 50 - forex trading courses in south africa

Bank of England Leaves Interest Rate Unchanged at 0 50 ~ forex trading courses in south africa

BOE keep interest Rate unchanged

Thrusday , (07/02/2013) around 12 GMT Bank of England announced monetary policy . BOE lefts its key lending rate unchanged at 0.5 % matching with forecast. There has no changed made from march 2009.  Policy makers also maintained the size of the banks program of asset purchases at 375 billion pounds ($587.6 billion). 

After this announcement good bullish pattern seen in GBPUSD counter.

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The Best Trading Strategy for forex - forex news trading bot

The Best Trading Strategy for forex ~ forex news trading bot

The best trading strategy for forex should become the next important thing you must learn if you agree to invest your money in forex. You can’t play with your own money or just gambling in this market, because you can get higher risks about it. Just like everything in this world, you should have enough plan, preparation and strategy before you want to take a real action. If you just use your imaginary or take random acts, you can get bad result or maybe even the worst result you will regret. 

Before we talk about trading strategy for forex and how to take the best way, let’s talk about forex itself. What is forex? For beginners or people who don’t really have a clue about money investment and trading, forex is only a strange name. But more than that, forex is so important and actually take a role in our every days life. Forex is the largest financial market on earth, often known as foreign exchange market, where you can potentially make profit from the movement of trading market. Nowadays, forex market is not only full with traders or money investors but also ordinary people in ordinary life. Yes, everyone can join forex market as long as they have money and strategy to make the great result. 

Now let me just tell you about the best trading strategy for forex :

Because forex market involves significant risks and fatal result for people with no strategies, that’s why you should prepare the best plan and strategy when you want to be involved in Forex trading market. With great strategy about trading, sure you will get the best result that may change your life forever. Remember that George Soros ever made a billion dollars in a day by trading currencies. That’s one perfect example about how smart and great strategy for forex can improve the best result you will get. 

In the very first time, make sure you learn about basic knowledges about trading market before you try or challenge yourself in real trading acts. It’s also one of the best strategies to try small investment with small amounts of money for forex market. Because forex is accessible and not only for high-class, you don’t need a lot of money to get started in this business. If you worry about the higher risks, invest small amounts of money can be your best option.

Not only that, try to take trading demos to practive and improve your skill in trading market. It’s not only a perfect place to know and learn the basics but can be the best way to practice your strategy in forex trading market.

another forex strategy

• The Three Ways of the Best Forex Trading Strategies for Beginners

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Medium Term View on some of the majors - online forex trading news

Medium Term View on some of the majors ~ online forex trading news

USDCAD Daily chart is currently close to a resistance that has failed to give way since June 2010. It is being tested for the third time this month. If the resistance hold then the current bullish trend could be reversed. If the resistance is eventually broken, the next resistance is at 1.08584 area. The best option for medium term trade is to monitor the pair and wait for the sigal

AUDUSAD Dily chart is currently in the middle of channel. It can go either way. The current position is not ideal for any medium term trade.


GBPUSD is on its way down, but it has not reached its destination. The current position is not ideal for medium term trade. For medium term trade, the best option to wait for the time when the current trend will reverse.

GBPJPY is getting close the end of the channel. Being a volatile pair, it is not advisable to go long yet. The last signal was given on 28 of this month and it retraced by almost 500 pips and back to the spot in 5 days. That is about 1000 pips both ways. The signal to sell was given around 137 area. If you miss either of the two the best option is to wait.
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Can forex trading be taught - trader forex compte demo

Can forex trading be taught ~ trader forex compte demo

This article will not be received well within some quarters. For every forex beginner that reads this, an online forex tutor loses a market. Of course I don’t expect the article to spark the rise of some kind of white handkerchief movement for the recognition of the efforts of the forex tutors. But I do expect some unpleasant emails. Let me begin by noting that it is
possible to learn without going to school. Ever heard of being home schooled? You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 
Forex can be taught, but only by a gifted few. So far I know only of four real forex tutors. One is Australian, the other three are American. I speak not as a graduate of any of their schools, but as one who has watched their constant analysis of the markets and seen the results of believing in their brand of the forex gospel. New forex traders fall hook, line and sinker for any individual claiming to be knowledgeable about how the forex market operates. If you are not scammed, you will probably get a raw deal. Just because an individual trades successfully does not translate to him being a great tutor. Take for instance your teachers all through your schooling life. Were you never beholden to their knowledge of the subject they taught or lectured? Yet why did your English teacher never publish a great novel, or why did your science lecturer never enroll into a flying school? Most people that score first class grades are not necessarily great teachers. That is why they end up in professions that do not require imparting back knowledge. The point I am tring to put across is that not all successful forex traders can be good forex tutors.

Forex can be taught, but there is no school of accreditation to ensure that you are under the best tutor. There is no syllabus. Only America has a University offering an undergraduate course in forex trading. There are no weekly assessments or end of course exams to test the student on the knowledge acquired. That means that the trading knowledge you acquire as a forex student depends on the whims of your tutor. He will not teach you everything he knows and you will not be in a position to figure out what he has left out because of the lack of source of reference.

Forex can be taught, but it is much wiser to figure it out on your own. Trust me when I say that it is a lot easier and fun figuring it out on your own. A lot of forex tutors divide their courses into beginning level, middle level and advanced level. Most beginners pay more for the advanced level for the only reason that it sounds a little complicated. A lot of that stuff that your tutor calls advanced is actually freely downloadable from a site he will never let you know but one which is always closer to your search engine results. But what even surprises me is when a forex beginner chooses to pay for the beginner level. Type the phrase ‘forex 101’ to any search engine and in a few minutes you will have dozens of materials that are all you need for the so called beginner level. Just analyze the charts on daily basis and in months you will have developed your trading strategy. That is, something that lets you know why to enter a trade, when to enter a trade and why to exit a trade. Back test the strategy and you will be surprised to discover that on average it works well at 70%. You do not need a percentage greater than that to be a profitable trader.

Forex can be taught, but the discipline of trading can never be taught. The forex tutor will rarely stress on the need to keep your emotions on check or on the dictates of money management. Without those two you are headed for a nasty period as a forex trader. Money management in itself is not what many forex beginners want to learn. Most are interested in knowing what the different candlesticks mean and how to execute a trader on the Meta trader 4. That lack of interest, coupled by the fact that the discipline of trading is not something that can be taught even by the most qualified forex tutor, implies that no forex student ever reincarnates into a good trader soon after taking the course. Only you can learn how to control emotions that come about as a result of live trading because you understand the source of your investment and your risk tolerance level. They will teach you the candlesticks but they will never instill the discipline of trading in you.

Forex can be taught, but it instills a sense of false self confidence. Completing a forex course does not mean you will make money on your first trade. Yet is it not true that most forex beginners expect just that? The forex tutorials only serve to nurture false hope and magnify expectations into the realm of the impossible. You paid for a 500 dollar course but you are yet to make even 10 dollars on a single trade? I am not surprised. And you have probably lost more capital because the course you took encouraged you to put more money into your trading account certain that you would double it in a week. Now you must learn that the course you took was only preparatory to the real world of live trading.

Dear aspiring traders, no one has your interest at heart. Your forex tutor is just another businessman. If you are lucky you will pick a thing or two from his tutorials. But you could have gained much more had you chattered the path that most successful forex traders have taken for decades- self tutorials. Ignorance is defeated only through knowledge. The internet age has ensured that no matter where we are, we can always challenge and improve ourselves with the freely available material on the thousands of sites.

You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 

Call us today on 0725 050 419 for the best forex trading orientation.

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10 pips per day Returns Projection - fxcm daily forex currency trading news

10 pips per day Returns Projection ~ fxcm daily forex currency trading news

yes it is possible!

My system is this:



1. I will open an account of $2.000 and I will earn the 5% of my account daily.

That means: $100 per day divided by 10= $10 per pip

there are 22-23 days of trading activity per month.

I will allow myself to lose 2 days and win 20 days, that means money in the pocket are from the 18 days!



Month 1.
Now, 10pips*$10=$100*18days=$1800+$2000(my capital)=$3800

Month 2.
5% of $3800= $190*18days=$3420+$3800= $7220
(1pip=19$*10pips=$190)


Month 3.
5% of $7220=$361*18days=$6498+$7220=$13718
(1pip=$36,1*10pips=$361)


Month 4.
5% of $13718=$685,9*18days=$12346+$13718=$26064
(1pip=$68,59*10pips=$685,9)


Month 5.
5% of $26064=$1303,21*18days=$23457+$26064=$49521
(1pip=130,32*10pips=1303,21)


Month 6.
5% of $49521=$2476*18days=$44569+$49521=$94091
(1pip=$247,6*10pips=$2476)


Month 7.
5% of $94091=$4704*18days=$84682+$94091=178773
(1pip=$470,4*10pips=$4704)

Me personally I will stop here doublimg my account.

Month 8.
10% of $178773= $17.877 per month, not anymore per day!

that means that 20 pips per month (1pip=$893)(5pips per week!) will make that amount!


20% of $178773= $35.754 per month,40 pips per month(10pips per week)!


30% of $178773= $53.631 per month,60 pips per month(15pips per week)!

In order to make each pip to cost a certain amount we fix the lot size.

So, after my full 7 month period (I call The Great 7/10) which we dont take any of the money we make for 7 months, we can have a monthly income, of 10% or 20% or 30$ of the amount of money someone has made and saved!

10pips are the easiest, don;t listen to the people who are saying it is not! and sometimes we can even make more than that, so, calculate 2 pips extra for the broker!

My pair is EUR/USD and my broker has a fixed spread of 2 pips, and since I will not play in huge volatility the spreads will be 2 pips and he will also be happy because the bigger the lot the bigger his profit!

I dont know much about brokers or what are exactly they want Forex investors to do, but with my simple logic, I believe that a serious broker wants you to win, to make money, to know how to play, becuase then, the more you play, the bigger his profit, if you lose money, are air, he is not getting anything! He is just getting his spread and his is getting even with the money you lost from your account!

It doesnt make any sense that the broker wants u to lose!

Simple math!

My system is simple math, no stess, no crazy robots, no thousants of pips per month, no triple and whatever multiply someone can think of of your capital.

I am 27, and in 6 months I will be 28, I feel great that I have a goal and a system which makes sense, it is moderate easy, and I will make appx $17.000 per month and even more after 7 months so easy!

It is fast, it is free to learn it, and you dont have to be the King of Pips

THE MOST IMPORTAND THING IS THAT TO MAKE EASY 10PIPS U NEED TO KNOW TECHNICAL ANALYSIS AND FUNDAMENTAL ANALYSIS, FOREX IS NOT GAMBLING, IT IS A SERIOUS BUSSINESS WHICH IF YOU TREAT IT LIKE A SERIOUS BUSSINESS WILL GIVE YOU BACK RICHES!

IT IS NOT AN ACCIDENT THAT ONLY THE 10% OF FOREX INVESTORS ARE ACTUALLY MAKING MONEY.
They have done their homework and they have a system which they follow it!
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The Meaning of Lifestyle - forex news market clock mt4 indicator

The Meaning of Lifestyle ~ forex news market clock mt4 indicator

LIFESTYLE

I have often chat with colleagues about this word called "Lifestyle" . Why some people have to slog for work all day long till they left this world? Why people do not have time for their kids and family?

Its all because of the culture of conventional working. Its all drilled in our mind that we have to follow a correct PROCESS of earning our money, doing a decent job and earning the money. But the horror of this is a VISCOUS cycle which will repeat itself and people from the middle class is always working and working all day and night , think about it , how to earn cash fast in a confident and systematic way which break out from this bondage of conventional money earning.

Think about this yourself, is earning money really must through conventional 9 to 5 job? Is there a systematic way to earning money passively?

These will be the thoughts to ponder for today.

*tribute to patrick

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Trading Strategy Explained - forex trading on news

Trading Strategy Explained ~ forex trading on news

Let me use this opportunity to explain and make some clarifications in respect of following aspects of my trading strategy.

a) Candle trades
b) Monthly chart
c) Weekly chart
d) Daily Chart
e) 4-Hour chart



Candle trades:

For the candle trades I use weekly and monthly candles and I have a micro account with Alpari which I use for these trades, because I am still experimenting. However, whenever a unique opportunity present and it aligns with my trade set in the charts, I replicate such trades on my main account. For the candle trades, I dont use RSI. I simply follow the candle, if the candle is bearish, I will go short and if the candle is bullish, I will go long. If you want to try this, open a separate micro account or even try it on a demo account over a period of time to properly understand it.





Long Term trades:



For long term trade, I follow the daily, weekly and monthly charts using RSI as a guide. The signals on these period are usually few, but of the best quality.



Monthly RSI gave a buy signal in March 2009 and over the next 4 months, price rose by about 3000 pips. The next signal was given in June 2010 and yield about 1800 pip. Using the monthly RSI, there is no signal to sell yet.



Weekly RSI gave six signals on the chart 3 buy and 3 sell as shown on the chart.



Daily RSI gave three signals so far, 1 buy and 2 sell as shown on the chart.



I attach herewith a daily, weekly and monthly charts for GBPUSD to illustrate the points. The place where the signals are given highlighted in blue boxes.



How do you interprete all these based on where we are today for your long term trade?



Monthly: The buy signal was given in June, if you miss it wait for another signal. Most importantly, dont trade in the middle of channel. You can get your trades on other timeframe.



Weekly: The weekly gave a buy in May and sell signal in August indicated by the spots highlighted. Price is currently on 50 points. Wait for another signal if you want to trade weekly long term.



Daily: The daily gave the sell signal in between August 2-4 and has currently cross the 50 point mark down. The next signal you should watch out for is buy. If you miss the signal in August, wait for the next one.



For a trader who missed all these signal for medium term, trade, what does he do?



If you miss all this signals, the next option is to trade intra-day using H4. The horizontal line on the RSI is your guide.



For a trader who misses all of these signals, what does he do?



The best option is to stay out on the sideline and wait for the next signal, because that is the only way to be a successful trader.



I took time to clearly enumerate the steps to show that is important for a trader to be methodical in his approach. If a set-up is not right, ignore such trades. To give you more trading opportunities, you can monitor between 2-4 majors and only trade the one that presents the best opportunity at any point in time.



Happy trading!
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GBPUSD Daily 170 Pip Flag - forex trading on news releases

GBPUSD Daily 170 Pip Flag ~ forex trading on news releases

The cable has now formed another 170 pips flat on the daily. It has been trading within the range for the past 5 days. A break out of the curren box will determine the next direction. The advantage of this is to The three charts below give idea on the trading opportunities within this range. 1.54198 and 1.53274 are the major areas to watch out for a break upside and downside respectively. If you want to trade this wait for the next H4 candle.
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Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
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A beginners guide on What is forex ~ forex options trading demo account

Forex is the world’s most traded market characterized by high liquidity and the ability to transact on leverage or borrowed money that is used to increase the value of a position which would otherwise be valueless. It is attractive to most players who come in both for short term or long term speculation. The forex turnover is placed at about US$4 trillion per day. That is what makes it so lucrative and a pulling magnet for those desirous of quick returns. There are a lot of things concerning forex that one needs to know, either as a by the way or by having a mastery before starting on the journey of trading on a real money funded account.

The trading hours

The forex market operates 24 hours a day for five days a week. You can open and close a position between Monday and Friday at either profit or loss. Most trading happens between the period when the London Stock Exchange and the New York Stock Exchange are open. The overlap between the New York and London sessions is normally for about 4 hours. This overlap is regarded as the noisy and high volatility session due to the fact that London and New York constitute the largest trading volume. The Asian Session is regarded as the less noisy session as it is characterized by few data coming out. Data refers to the economic news that affects the movement of currency pairs depending on its level of significance. The Asian session overlaps with the London session for about an hour.

The major market players

The major players in the trading of forex are large institutions such as banks and hedge funds. This is the group that determines currency volatility. It explains why during public holidays in major world economies the markets rarely move. Institutional traders account for the biggest buyers and sellers of currencies online and in its ranks includes both long term and short term trading experts. There are also retail traders and that is where most individual traders fall in. Retail traders are short term investors with a small sized portfolio compared to the banks. Most retail traders hold micro accounts, mini accounts or standard accounts. The standard account is the best place to belong if you consider yourself a professional trader within the retail hierarchy. However it is better to practice through a micro or mini account before funding a standardized account. Incubating an account from micro to mini to standard is probably what you should aspire to achieve when you begin live trading.

The chart system

In forex traders mainly look at charts to make their trading decisions on whether to buy, sell or stay out altogether. The forex chart system includes line charts, bar charts or candlestick charts. All these types of charts reveal the market movements but the candlestick chart reveals the most information that enable good decision making when contemplating to either enter or exit a trade.

Below are the three chart types on the EURUSD weekly timeframe

The line chart

The bar chart

The candlestick chart

Candlesticks are an advanced charting system and every trader must master how to interpret them in order to trade successfully.

The timeframes

Forex can be traded in timeframes as low as the one minute to the monthly timeframe. The timeframe you choose is determined by your style of trading. If you are a scalper, that is a trader who hopes to take very many trades within every few minutes then you will probably prefer the one to fifteen minute chart timeframe as compared to the daily to the monthly chart timeframe. On the other hand, if you seek to hold your trades for longer periods exceeding a few days or weeks then the higher timeframes should be your preserve. Forex beginners tend to blow up their capital trading the lower timeframes with the twisted logic that it is the way to make more money. But the few that gain ground are those that discover very early in the day that one correct trade in the higher timeframes is better than too many trades taken in the lower timeframes. The higher timeframes for those with the mastery is like a diamond mine that never gets depleted.

The  EURUSD one minute timeframe chart

The EURUSD monthly timeframe chart

Note that in above EURUSD charts, the monthly chart has more relevant information for the trader compared to the one minute timeframe chart. Whereas you can not tell where the exact trend for the EURUSD pair is on the one minute chart, it takes less that a second to realize that the trend is down when you look at the monthly chart timeframe.

The trading platform

Forex is traded either on a trade station provided by a forex broker or on a meta trader 4. Trade stations are customized depending on the broker you have opened an account with. The universal trading platform is however the Meta trader 4 that is provided by nearly all forex brokers around the world. The Meta trader 4 has functionalities that enable you to control the risk amount per trade. These include control tabs like the entry and exit button, the trailing stop and the stop loss button and the take profit button. The problem with the trailing stop on the meta trader 4 is that it only trails your profits when you are logged onto the internet. That is one great advantage that the trade stations customized by brokers have over it.

The forex broker

The brokers are mostly market makers. This means that they are always trading against you. They do this because it is the only way that you can get to enter  a trade on time. So that if you buy the EURUSD pair from them, they must respond when you decide to sell. They have liquidity providers which feed them with every move you see on your charts. You’ll notice that if your broker is a bank the execution will be faster than when using the typical market maker. Make sure you use a regulated broker. Avoid brokers that are non regulated and who work under white labels. These are mostly retail brokers who cant pay and wont pay any claim. They are scammers in other words. We have recommended trusted huge and trusted brokers in articles such as why you should be trading with more than oneforex broker.

The costs you pay for entering a trade

Normally you pay your broker something called the spread. It is the amount the broker charges you for entering a trade and it does not matter that the trade closes in profits or loses. The spread is paid immediately you enter a trade. That is why if you take a trade today you will notice that your account will be on the negative until after a few moves. The spread for the major currencies is lower compared to those of the cross currencies. You also pay the broker the roll over fees. This is fees paid if you hold a trade overnight to another trading day. Depending on the currency pair you are trading and whether you have bought or sold, there are occasions when the broker pays you for every trade held overnight.

How much money should you start trading with?

This depends on your level of experience. There is no one size fits all in this regard. It also depends on how risk averse you are. Where are you getting your trading capital and how will your life be if you lose. One thing I can say for certain is that your trading capital cannot be a loan or house rent or your children’s education fund.you can start with US$ 100. That is not bad. Some people start even with US$ 10 and manage to build it up. We have a nice article relating to the amount of money top open a forex account with. It is titled how much money should one start tradingwith? You should read it. We have argued in that article that you don’t have to be rich to trade forex. At the end of the day money management is what counts. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 

How to fund your forex trading account

There are many ways to use while funding your trading account. We have written a lot on this subject on articles such as howto fund your forex account and why you should not fund your trading account byway of a debit card. If you read any of those two articles you will know why we recommend faster ways of funding an account. The wire transfer method is safe, but it is not fast and at times leads to double bank charges. The cost is even high if you hold a trading account that is in denomination that is different to your bank’s currency denomination. If you want to deposit by wire transfer, your forex broker will give you details about the ban account to send the money to. Credit cards and debit cards are faster but when they get lost it can lead to unnecessary headache. If you read those articles you will find out why we approve of Neteller.

Can it be taught?

Forex trading can be taught but only by the experts. We have written on this subject- please read can forex trading be taught? and whyforex in the books is a falacy? These two articles go deeper into what you should look out for when seeking out for a forex tutor. Our take on this issue is that even though forex trading can be taught you are better off mastering it by yourself. You are your best tutor when it comes to learning how to trade forex. Remember that you do not need any academic qualifications to trade the markets. Most of forex is just pure common sense. Read you do not need a universitydegree to trade the forex market.

The advantage

The advantages that come with trading forex are immense. With great experience you can turn it into your sole source of livelihood. People make thousands of dollars per trade per day. It is a kind of work that relieves you from the duty calls associated with the traditional jobs that over time turn you into a whimp of routine.  You are your own employer and you trade when when it suits you. And by the way you don’t have to resign your current job to trade forex. With a nice trading idea all you need is a few minutes every day to check how your open positions are holding. If you choose to open a trading agency then that is a different story. You might need to be present at your station for the better part of the day to serve your clients. If you don’t know the meaning of some of the words that I am using here then you should read forex jagons for the forex beginner.

The disadvantage

The forex market is unforgiving to those who don’t know what they are doing. Don’t come and try guessing with the markets. You can lose your entire investment in minutes if you are not familiar with the correct trading hours and the all important aspect of money management. Another disadvantage with forex is that because of its high profitability, it has attracted very many scammers clothed either as professional traders or forex brokers. To help you be on the look out we wrote six tips on how to avoid a bad forex broker and how forexbrokers are turning the trading of forex into a scam.

Conclusion

Read more »

Cable out of 200 pips box - forex market monitor news

Cable out of 200 pips box ~ forex market monitor news

Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000
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What is the Earning Power of Forex - forex trading current news

What is the Earning Power of Forex ~ forex trading current news

Below scenarios are all one SINGLE TRADE! and five pips normally you can get it within 2 to 3mins, fastest is 15 seconds.


Scenario 1 : 
Capital : 1k usd
1 pip = 4 usd
Take profit : 5 pips
Earnings : 20 usd

Scenario 2 : 
Capital : 12k usd
1 pip = 50usd
Take profit : 5 pips
Earnings : 250 usd

Scenario 3 : 
Capital : 23k usd
1 pip = 90usd

Take profit : 5 pips
Earnings : 450 usd

High Earning RISKY scenario: 
Capital : 10k usd  ( realistic amount )
1 pip = 40usd

Take profit : 100 pips
Earnings : 4000 usd in 3 mins

LIFESTYLE (My Dream) Dream :
 Capital : 250k usd  ( realistic amount )

1 pip = 1000usd

Take profit : 2pips ( can be achieved in 10 seconds)
Earnings : 2000 usd in 10 seconds

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A secret on how to make money online - forex trading newsletters

A secret on how to make money online ~ forex trading newsletters

 Singularity of purpose is an essential in the making of money online. I do not know how to amplify this so that it sounds as the greatest truth ever told but believe me; a jack of all trades and a master of none cannot make money online. To make money online you must
become a wimp of routine- by learning how
to do a thing online and redoing it until it turns into a habit. Habit creates money for those trying to make it in the online sphere.

If there is something you can learn very fast about the making of money online is that it goes along with hard work. A lot of people see the promise of a lazy life with a lot of wealth when they begin thinking of how to make money online. Well that is a misconception and it could not be further from the reality. You must put a lot of time and effort in whatever you are doing over the internet before you qualify to share in the online profit.

If you are the kind of person that tries something new with each passing day, you’ll end up confused and will not be able to make any money online. You need to concentrate by setting a target and not clouding your mind with constant distraction. If you are trying to make money online by blogging, success will not come by blogging about diverse topics on numerous personal blogs. You need a single blog in which you’ll concentrate on a particular niche. The niche becomes the magnate that attracts traffic to your site and in the end enabling you to make money online.

The existence of a good niche features prominently on the list of how to make money online. But that’s not all. The niche must be supported. It must be found within content targeting a particular group. It must be biased towards a particular class. The message coming from the content must be homogeneous although produced in divergent styles. That is how to make money online. And trust me when I say that it is not as easy as it may seem.

If you begin a website and hope that it will be the avenue through which you’ll make money online, you must load it with things that will make people find it worthwhile. If your website aims to sell products to people, you must be good at explaining the product you are selling to your target group. Your ability to do this will be greatly tested if you are selling various types of commodities that are not correlated whatsoever. For instance, it will be multi tasking and self defeating to have a website that sells drugs and electronics at the same time. It just doesn’t strike the mark of reality that one will be an expert in these two different fields. Narrow down then if you hope to make money online.

But even if you fall in the small list of those gifted in two different fields, the best way to have success with your website and make money online is to run two websites each handling a different field. But first concentrate on the field that you are much better at. See to it that the website is looking professional and is attracting enough traffic and you are in turn making enough money. It will be easy to begin and make money with your next website. You will not even struggle with a divided attention because the tendering you gave your first turns it into a professional site that only requires updating once in a while.

Learn to concentrate your powers so as to make money online. Know your strengths. Teach the world about the obvious using your own style; repeat a lie again and again and soon it will start sounding like the truth. People will marvel and as they do, traffic and the hits will be your reward and you’ll just have joined that small admirable league that makes money online.

You should be willing to put in a lot of sacrifice both in time and resources before you can make money online. Hoping to make the online money as soon as you begin dreaming of it should be left for the small narrow minds that think they operate in a vacuum that they can fill with their dreams and hubris. Simply drawing images of a hundred dollar bills in your brain won’t turn your wallet any fatter than it is now. If it was that easy everybody would be sustaining themselves with a fortune built from the money online. You must have a goal and willing to work harder at the same time towards achieving it.

The beauty with the singularity of purpose is that it reaches a point where it ceases to matter whether you are still working hard at it or not. After concentrating on a single thing to the point that it brings you money at a constant level, you can begin imagining of the lazy life often talked about on various how to make money online sites. This is because articles written on your blog don’t come with a “sell by” date. The relevance of an article you post today may actually improve with the passage of time as more and more people get to use the internet and learn of the online world. It’s actually possible to make money online through an article that you wrote years back.

The secret is to write for posterity and to achieve that you must have the undivided attention of your inner self not to fall victim to the trial and error tune often playing on the ears of the “I want it easy and quick” kind of group. If it rings on your mind and you dance to it, it will certainly scatter all your hopes of ever making money online. Do with passion whatever you do at all and the sky will certainly be the limit. That’s a tired cliché but it sounds good and true to those hoping to make money online.

My conclusion is to ask you to close down the many blogging sites you’ve started and give your entire attention to the one where you believe you have the ability of supplying great content at an admirable rate. Most of those websites will never see takeoff if you believe in being a jack of all trades and a master of none. Hope you find success in your attempt at making money online.
If this article was in any way useful to you kindly leave a comment below.
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USDCHF Analysis - forex market moving news

USDCHF Analysis ~ forex market moving news

USDCHF is currently close to its historical low level of 0.96360 recorded in March 2008. The monthly and weekly candles however show that the pair is still descending. This could be attributable to the general weakness of USD against most major currencies. I must admit however, the pair is very tempting for long. The best option if you are trading this currency long-term is to wait for the trend reverse and follow it. A weekly candle close above 0.98963, which is a very strong support will confirm the reversal. This is an area I will be watching


For a short term trade the sell signal was given by M15 on 0.97161. The best option for short term trading is to wait for another signal sell signal on M15.

The points are clearly indicated in the charts below
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Will the Blind Trade Forex Online Soon - forex trading news feed

Will the Blind Trade Forex Online Soon ~ forex trading news feed

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