3 Ways to Trade Forex Using News !!
5 Ways to Success in Forex Trading
First, before you begin with my list, I needed initial action you will not solely lose cash in Forex, however I may also create plenty of cash. This selection depends on the person and their own mood. the parable that's typically delineated by several is that Forex could be a scam or is that the same because the game isn't a good trial and a claim created by those that skills to barter. the reality is that negotiation could be a talent like all alternative talent.
Entire corporations are fashioned in that and received, together with banks and investment corporations.
Five ways that to be a lot of profitable within the Forex:
apprehend your strategy supported the value action similarly, that specialize in his word. every people has alternative ways of the way to appraise accurately the market and every may be profitable. For the road, however, we've got to re-test this strategy, a minimum of ten years or a lot of all told timeframes and currency pairs using. this may be done by employing a take a look at program once more or do it manually with MT4 or similar. Once the 10-year trust once more proving its strategy is profitable, then you're able to talk terms. Before that, no back testing, all we tend to do is throw cash ..
Learn candle stick worth action. this can be a requirement for all traders. this can offer you a stronger plan of what the candles need to say and improve gain. 2 models of sailing to understand that i like to recommend are pin bars and candles that sink.
Learn the ability structure, the market forever follows the structure so as to find out, you want to accommodates all policies. By knowing these areas to regulate, are rather more profitable ..
take care to not reward in your trading. If the chance is larger than the potential profit not then talk terms. If the reward is healthier in line with its strategy then and solely then trade. Patience is that the key here.
The last major step is cash management. this implies that risk per trade is happy to lose, we tend to all have totally different levels here, however i believe that one hundred and twenty fifth to twenty risk is to follow a good quantity reckoning on the dimensions of the account. for example you run the chance of one hundred and twenty fifth to 3-1 employment which means that if the corporate is successful, are 3rd of your account and if you lose during this trade will be lost only one. The loss of some trades are a part of trading and unless it's an area of the management of cash, so as to stay your set up here.
A list of the most common problems you can suffered when you trade forex & Solutions !
b. after they began trading live - you do not know what they must know and be distracted by false reports listed in an exceedingly. above. they need no plan what the trade isn't to urge concerned in as several opportunities as doable - however regardless concerning the maximum amount risk as doable, exploit solely the possibility of upper trading chances. this needs patience and discipline. it absolutely was Aristotle who said: "Patience is bitter - however the fruit is good."
The first objective of a trader must always be the preservation of capital, (must be ready to "stay within the game" through sensitive techniques and evidenced risk management). solely then are you able to reach the second goal is to grow the capital. The third task is to be told from every operation is placed.
c. they typically lack the funds and as a results of this (and greed) ar the foremost indebted. whereas mobilization will increase margin of profit, however may increase losses. Too often, benefit of the ridiculous levels of leverage offered by brokers simply and lead to a lot of cases than not, is that sooner or later bit their accounts and lose their negotiation power.
d. they need no plan what a business advantage, or the way to acquire a time they have to grasp concerning it to form certain you see surprises which will result in issues, and a loss of negotiation power.
e. once the natural human instinct is to hope - within the negotiations that worry
f. once the natural instinct of man is worry - in trade, must wait
g. the foremost typically required psychological feature responses in trade go against the natural man. in addition once getting into a market, you have got to be at the proper time, not simply at the incorrect time - as a result of it is the same as being wrong. for instance, in an exceedingly bull market you wish to grasp that the very best chance set-ups will be purchased to require advantage of economic process. If you get the incorrect place and therefore the correct worth down albeit you'll be able to resume your progress you have got been in remission for a loss. You were right - the bull market was - however you are right at the incorrect time!
My expertise is that the event of "trading psychology" needed will be harder to master the technical material. Providing somebody with a completely evidenced profitable trade (or commercial advantage) which will be used to turn out a daily financial gain is one issue, however the superb Mark douglas (Trading Zone, the disciplined trader notes etc.) - these are the harmful effects of the human emotions related to any discretionary trading which may result in the "earnings gap", that is the distinction between having a evidenced commercial advantage and extremely be ready to create reliable and consistent financial gain itself. Of course, the primary step is to get an ad advantage truly clothed to be terribly profitable, however even these information and learn the way to use it -. Some ne'er shut this "earnings gap"
Amalric josef
3 Binary Options Trading Tips You should Know Them !
Experts say that this kind of trading is easy and may be learned very simply. whereas this can be true, data and observe is important before a brand new business enterprise within the business of trading. this can be essential to create an honest profit.
When binary options is that you just will get either get a selected come or no come in the least, therefore options are known as 'all or nothing'. they're additionally temporary investments once AN operator is to predict whether or not the worth of the assets increase or decrease when a selected amount of your time. By selecting one in all these options, if your answer is correct, then come any comments. On the opposite hand, if your answer is wrong, you get nothing and you may find yourself losing an equivalent quantity of the initial investment you set in.
Here area unit some necessary tips binary options trading for brand new traders:
1. First, a brand new trader ought to apprehend that binary options trading will talk over with many assets like stocks, currencies, commodities, etc. Once you recognize this, you may be able to take into consideration necessary factors and selecting the option right to change.
Two. Second, a brand new operator should learn to use these carry trades. As mentioned higher than, a business could have 2 results or conditions. the worth of AN quality could increase or decrease. If you guess the worth of the quality is enhanced, then you want to choose the "call, whereas if you guess the worth of the assets falls, then select the" place option "Being a novice trader, it's not uncommon. confused with these terms and choices. Thus, it's important to think about these 2 words and understand their that means and also the components that differentiate them.
Three. a very important side of binary options trading is that the time to maturity. Expiration dates area unit necessary as a result of you've got to line a selected time before expiration to shop for AN choice. Binary options trading may be a short deal. this could take a number of minutes to a number of hours. though you'll be able to extend its period of time, are oftencome a supply of loss that the market will be volatile. offer short security wants, because it is far easier to predict however the market can move when a brief amount of your time and not when a extended period of time. Therefore, it's necessary to notice due dates indicated.
Read on trading binary options on-line can assist you perceive the business of introducing the new space. the following pointers can assist you create the correct choices and achieve higher yields. There area unit several binary options specialists who are extremely knowledgeable and provide valuable recommendation, if needed. perpetually bear in mind that data and knowledge go hand in hand once it involves binary options trading.
The Fundamental analysis ?!
Political and financial alterations are the cornerstone of fundamental investigation. Often thesis can affect, currency prices. Traders who take benefit of fundamentally Their investigation will accumulate data from a kind of sources of data. You are looking for data about unemployment outlooks, political ideologies, economic principles, inflation rates and development.
analysis of basic supplies overview of currency movements and a very wide picture of the financial position. Most dealers are then fundamentally Their investigation with technical investigation of the genuine application and exit, and contrive the information Supplied by basic investigation verify.
Like most markets in the Forex market is controlled by Provide and demand. Numerous economic components can sway the supply and demand but the two most important are the interest rates and the power of the finances. The more the power of the finances is Influenced by changes in the GDP, trade balance and the allowance of foreign buying into.
There are Numerous economic signs issued by government and learned sources. These signs are gene rally released on a monthly basis but will occasionally be issued every week. These are attractive dependable measures of financial health and are nearly Followed by all traders.
There are Numerous indicators did are released but some of the most important and Often Pursued are: interest rates, worldwide trade, CPI, durable goods instructions, PPI, PMI and retail instructions.
Interest Rates - can cause a currency to reinforce or dwindle counting on the direction of the action. In some cases high interest rates to appeal foreign capital, but high interest rates Often origin stock market investors to deal Their holdings. They did believe scrounging higher charges will injure Numerous businesses. If enough investors sell Their holdings in can be a downturn in the market and injure the finances.
Which of synthesis on two counts Consequences Numerous complex components count, but there is gene rally amidst agreement to finance observers as the current change in interest rates will affect, the finances in general and the cost currency.
International Trade - If there is a shortfall trade (imports exports more goods), generated rally is advised a contradictory indicator. If there is a trade shortfall it Means That more cash is leaving the home country to foreign goods than in the home country, and this can have a devaluing effect now. In general, Although, trade imbalances reward factored into market study. Commonly if a home country with a trade shortfall then there Should be no influence on the price of the currency. Commonly the currency cost will be Carried out by trade differences When the deficit is Greater than the market expected.
The measurement of the cost of living (CPI) and the cost of making items (PPI) are a couple of other significant indicators. You Should Further more watch the GDP, the worth of all goods made in a home country and the M2 cash supply, Which measures the total amount of cash a home country assesses.
In the United States there are 28 Solely foremost signs, synthesis can have a important influence on the economic and market Should Be Closely supervised. This information can be found in Numerous locations on the Internet and is utilised by Numerous brokers.
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The Impact of the fundamental analysis in your trading
analysis based on the overall forex examines how a number of communities whose economic policies take advantage of the currency market. The study of the baseline survey is generally more prone to skirt longer rather than a shorter time period borders, even if the distribution of the economic relationship can and should lead to high volatility for a short period of time .
These are all daily financial issues that can greatly influence the business day traders. Because these ads have economic figures and a speech of a famous person in a government or a bank, the market can not respond with sufficient strength and trading a trader can be very positive or otherwise leverage.
For the demonstration of the dollar could be up and took a long position in dollars. Part of the Financial Report of the United States says that the number of non-agricultural workers in the last month were much lower than expected. This negative number could initiate a rapid reversal of dollars treasures and profits to your business is kept in memory very quickly. Most of the time these rapid reversals are temporary and only last a few hours or days before the original trend resumes.
This type of event can check the determination of a merchant enough. If the dealer does not have in place a stop-loss, which cut into pieces between your disability, or horseback riding in the degradation of the hope that is not too expensive and that the dollar will soon reach current levels. If the merchant has set a stop-loss, which could be established near the issue of implementation and active, while the dollar drops down. So now, the dealer must establish another jobTo avoid shock trader should not only focus on mechanical research, but also on the baseline. When creating a business dealer must also take into account emissions from financial reports and analyze how they can affect your business. Many traders use are made models incorporating empirical model facts and figures that will probably occur to some financial problems. In this way, retailers can work on how your business will suffer and try to reduce short-term influence of correct use of the application and exit points.
The Importance of Patience & discipline on trading !
expert traders understand that their emotions sway them, like it or not. As a outcome, they evolve personalities that allow them to overwhelm their strong feelings and generate profits. Two of the most significant traits of character are endurance and discipline, allowing organising one of the most tough aspects of trading.
Making Up Trades
possibly the most stimulating instant for a trader is when your profit / decrease is negative, and are waiting for the next operation to arrive. meantime, be eager and anxious, and will do everything to make their next operation to make money they have lost. Most new traders (and many skilled traders) are starting to procedures that are not part of your swapping scheme (known as making a trade). When this occurs, the loss rises and will extend until they recognize what they are doing and correct their behavior.Accepting Your Emotions
Emotional business answer is not endeavouring to suppress or control their strong feelings (good luck if you conclude to try), but also to evolve the characteristics that let you command your answer to your strong feelings. The development of a character that counteracts the strong feelings that you can still take ordered decisions, even if your heart is bashing and sweat trickles down his face (perhaps this is a bit exaggerated).endurance and discipline are the key character traits to expert traders. Be patient, you can delay for your next transaction anything its current earnings / decrease, and be well controlled permits you to take only deals that are part of your swapping scheme (do not change). For some traders, the concept of mislaying money is sufficient to instantly persevering and well controlled, but for others, strong feelings are very strong, and they need to cultivate patience and discipline
Trading Log
A method to learn endurance and control and respect is to keep a comprehensive log of all procedures that register. At the end of the day (or week or month), playing all deals, home wares and compare your rudimentary trade reproduced list. If there is a difference, it should be adept to determine what in detail, and I wish you understand what you should bypass next time.Another way to reach to be patient and disciplined is to have absolute self-assurance in your trading scheme. Knowing that your swapping scheme will make cash in the long run may be sufficient to overcome the negative strong feelings that happen when you have a gain / loss of negatives. The only way to have self-assurance in your swapping scheme is to test the scheme thoroughly. If you have proven your swapping scheme for a important period of time, and it's rather profitable, there is no reason to inquiry that remains
The Best 3 Strategies To trade Forex !
1 - Trend Price Action Strategy :
It took me over a year to see that I have to follow a tendency to form the cash currency market. If you study the life and the ways in which traders and speculators created became known effective, it is verified that trend trading were the most frequently used means of making profits. however, but it will work? Most of the titles indicate the time in their ranks. In 2004, after starting in the forex market trade EUR / USD is unstable in a very nice slim vary one.1950-1.2460 From June to October, when it exploded. We must recognize that, once it is a title for a long time for fine} varies so forms a very powerful movement and sometimes future. which is again hedging currency and financing cash funds to build. You negotiate this type of movement, placing higher than the highest levels of sales and vary below the lower range of orders. once the value goes through one unique value for each of your open orders and associate yourself with the market where it takes you.
You need to boost their operations once the signs of recovery are beginning to show. Two main issues seem to traders who use this type of strategy. The first is that they are fleeing the market soon, with little or no benefit, because they are afraid to break. Another is that two positions are held too long and once a sudden change comes their benefits are greatly reduced and are still sitting in the hope that this trend may continue. As a result, they lose all their benefit. So expect signs of work on your input and output levels.
2 - Scalping strategy :
As Forex can be a terrible liquid market traders will open and close the positions of the huge minutes or perhaps creating many jobs for a second day, is very popular with many day traders. Once scalping he / she creates a lot of transactions per day, so that the average length of which is only a few minutes. In a short time, because traders get minimum benefit (few pips) driving position. this is a dangerous way to trade if you do not know how to control the risk. bet on your trading style: a lot of aggression or a lot of conservatives who may be ready to decide on one or the other couple would. For many aggressive traders GBP / JPY can be good way to fx scalp. If you are a more conservative trader may be willing to consider how EUR / GBP combine (the ordered pair in the Forex market).
When scalping should be as low as possible spread (thus EUR / GBP is good). want to recover their few pips as quickly as possible without having to attend too long to arrive due to unfavorable propagation (15 pips or more).
The problems with this type of trading systems are the result of generally larger than have profit targets and stops should earn more business just to cover expenses. we must be careful not to go against the theory of probability, in terms of building scalping profitable routes. Too many scams Forex trading circle this way in the market and be aware of this not to be deceived.
3 - Trading using chart Patterns :
Most likely found on many chart patterns like head and shoulders (also inverted head and shoulders, triangles (up, down, and balanced), cut and handle, flat bottom, parabolic curve, the wedge formation the formation of channels, flags and pennants. understand what they mean and how to trade Forex it causes self-made (not just forex) broker. these easy to detect market reversals is essential and also, it will help predict whether the market will continue "over or not. prime broker Dan Zanger has created many greenbacks exchanged numerous graphic patterns alongside the volume index. therefore of the week (I intend to personally head and shoulders pattern is a powerful place)
4 Methods To keep your trading Strategy Inspired
The traders around and try to keep the benefits of staying ahead of the game are clear. Talk is cheap and inspiration is hard to find, so let's go ahead and reveals the best ways to keep your evolving business strategy.
Finding a mentor
No matter what the profession, hobby or a superhero movie is taken into account, the mentor should be considered essential. A mentor is not just a person who will blurt out platitudes, but a reference point from which to grow. Mentor Benjamin Graham Warren Buffet recently described as "a lousy manager hedge funds" by Business Insider.
When looking for a mentor should not be looking for the perfect trader, or even a great merchant. A mentor should be someone who is always available to answer your questions, talk about the views, and especially to help develop their personal philosophies business. In this phase, the mentor is not yet party place, but getting to the business community and finally the surface.
Attend local meetings
This can be difficult for those who prefer to live in the most remote areas of the planet, but local meetups can lead to a massive influx of inspiration. Being able to mix with other operators allows rapid exchange of information in a variety of thoughts, strategies and preferences. What is the most convenient is the ease with which you can find meetups.
Meetup.com is a great resource to connect with local merchants. Many other services, as this site is to connect people with similar interests. When to go to these events is open. The only way to maintain its strong strategy is to take pictures when people start making holes in the process, on the defensive does not help anyone.
Free Online Education
The advent of the Internet has obviously had a commercial impact. The average operator now has access to the resources that greatly enhance your skills. The number of operators that invest in stocks blindly huge big names expected returns decreases and the Internet is an important factor behind this change.
Free education on the Internet is everywhere. These pieces of education can help find flaws in your strategy or even add new dimensions to your current process. Webinars are a great tool not only gives you access to a lecture by an expert trader conference, but also the ability to him or her questions about how to apply their methods to put your personal strategy .
Read a book
While all the above methods involved the use of others, is independent. The amount of how to invest the books is overwhelming. A good place to start is with the well considered, such person is Peter Lynch. "Beating the Street" is an excellent starting point, and once you start reading you will find the kind of book that has the most benefits.
Staying inspired is difficult, but the consultation of these sources without action is a great way to continue to grow and to fight the greatest threat to success stagnation.
Part 1 : follow trend price action 60 pips / Day
Heloo In this articles I will explain to you How to trade Forex using Trend Price action , I will explain that step by step , that's allow you to Earn at less 50 or 60 pips per day !!
In the part 1 of this method I will explain to you what is trend ?
You have detected lots of times the old saying " Trend is your friend " well you've got detected it as a result of it is the truth , therefore If you wish to success on trading you've got to understand all the time what the trend is as a result of the trend signifies sturdy conviction from the overwhelming majority of market traders that the honest worth , honest price of a particular currency combine ought to be higher than or below the present level at that point so that they all cooperate and push the worth up or down making a trend this fashion .
but allow us to see what a trend really is from a technical purpose of read , a trend could be a series of impulsive sturdy moves in one direction , every of them followed by tiny corrections or retracements . let's visualise a textbook trend :
We have within the on top of footage a perfect uptrend and a downtrend as you'll see they contains sturdy directional moves followed by smaller moves within the other way that ar in truth shaped by traders taking some profits from their positions . this alternation of impulsive moves with punitory ones kind what ar referred to as high and lows.
For an uptrend the high is created once the punitory move starts and therefore the low is wherever a similar move ends and value resumes the trend . for a downtrend things work the opposite approach around which means that a coffee is created at the start of a correction and a high takes form at the top of a similar correction and value resumes the downtrend .
in the examples on top of will you'll be able to see that these highs and lows can easely be connected with a line. to conclude this , we've got an uptrend once the price starts to create Higher highs ( HH ) and higher lows ( HL ) and that we have a downtrend once price is creating lower highs ( LH ) and lower lows ( LL ) a bit like within the footage on top of . straightforward enough . sadly . trends thus straightforward and clear like those on the top .
We have on top of one uptrend and one downtrend , this is often be around the nighest that real market trends can get to correspond those ideal textbook trends . it does not get any easier than this in real market conditions . but trends like these 2 on top of square measure rare particularly within the forex market that is understood to be a really volatile market .
Even in these clear trends you'll be able to see that there square measure some variations , there square measure some smaller trends contained within the larger trend . let's have a look at currently however a lot of common trend for the forex market will appear as if :
This is a Downtrend but you can tell it is more complicated than the previous ones just by looking at it . there are some important rules I designed to help you correctly identify and mark the components of a trend , I will explain that at the Part 2 !
Tags :
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3 Secrets To get The first Rank at Google !!
Today I want to talk About something very important for Every Webe site To get The Top ten Rank on Google , All Web entrepreuners utilize the Search Engine Optimization methods (Keywords , Baclkinks ..) to Optimizate their Rank on Google but they Don't Know or they Neglect A lot Of things that make difference on Google Rank ...
The First Factor : How much Time you have reserved your domaine Name ??
If you want to built a Good internet business using your website and you search to get The top of Google Rank you must reserve your Domaine Name At less For 5 Years ! , because Google Don't trust the sites reserved for One year , 2 years !! That's because the Domaine name Cost just 8 or 9 $ , So I can make 100 Sites and try to get The top rank using websites that cost me 9$/Site ..
You can cheak for example the Domaine Name reserve Duration for The famous sites You will found that they reserve their domaines name At less For 5 years or 6 years ..
The Second Factor : The Bounce Rate ?
The bounce rate determinate How much time visitors spend on your website , whenever It is low than 20% , whenever Google trust on your website , and It will send you more visitors every day !
The last Factor : Your Website load time
whenever your website load time is low whenever Google Trust On your website , So if you want To have a Good Website load Time you should use a Dedicated server to do not have problems with the visitors pressure !
Josef Amalric !!
All you need to Know about Fund management !
the primary step to being around for nut time is breaking even . most traders lose ; if they stone-broke even they'd stillbe within the game . if you're not within the game you'll be able to not win !
although profit maximization ought to be a crucial part in your Fund management plans , it's clear that risk dodging is a lot of vital . a true loss carries a lot of weight than a possible profit .
Of the all trading components , Fund management is maybe the foremost importante . sadly , it's not given such standing by most traders , nor will the literature accurately indicate its place in thriving trading . if you have got a mediocre trading technique , sensible Fund management will build it thriving , or a minimum of keep you from obtaining hurt . however if your Fund management is poor , the simplest technique out there won't prevent from ruin within the long-term .
to some extent , Fund management must be subjective , the markets do strange things .
because most ancient traders specialise in trading techniques , Fund management is just too typically a commercial hoc effort. Fund management is usually a group of rules in Entry and Exit , most frequently comprised just of stops to induce out of a nasty trade before an excessive amount of capital erosion has occured . profits area unit taken once it feels right or once the dealer gets nervous . intuition is okay , however it ought to be solely supplemental to your outlined trading codex .
Risk :
The first thing you should do it before Entring a trade is to determine a Stopp-loss to protect your funds , All you need to know about Stop loss and how to set it you can consulte this link allowing you to set step by step a Good stop-loss by differents methods : ( Click here )
Entry Management :
- What are tools you use to set an Entry point ??
- do you make positions according to your technical analysis ??
- Does your trade position follow your profile trading Name ( More about the profile trading and his impact on your trade positions )
- Do you set a respectable trade Ratio ( Trade ratio = ( Stopp loss / profit goal ) * 100 ) ?
- What's your relation with Fear & Greed ?
Don't Enter a trade if you can not responds To these questions !!
Exit Management :
- Once your trading strategy tell you to Exit a trade , do not hesitate . Especially when you make profit or you doubt that the market can reflecter against you According Only to your trading tools Exit the trade immediately .
And the Most important thing I advice you to use it , is Stop loss , Remember all the time " Never Enter a trade without Stop loss "
Thank you for reading ,,
Amalric josef !
Tags : Fund management , money management , how to manage funds , how to manage money ,forex management , trading management .
What's your profile trading name ??
The profile trading is important for every forex trader , You must know who you are when you trade currencies for example , Select the best one that make you profitable and pragmatic in the same time , the adequate question you should ask yourself is what's the trading level do I feel good at Home ??
after you answer this question you can determine your profile trading easely , when you select it you choose to trade very short-term ( Guerilla ) ,short-term ( Scalper ) , intermediate-term ( day-trader) or long-term (position-trader) .
Guerilla :
Guerillas are called also Frequency traders , they trade using the short-term , they put les than 20 pips as a goal 0-20 and they look for the quickest Entry and Exit point , but pay attention unless you trade giant numbers and receive very tiny bid-ask spreads , the guerrilla goals are not counseled !!
Scalper :
Scalpers set ther profits near than Guerrilas , they look to scalp 10-35 pips , If you trade forex with small account and you want to trade using scalping strategy choose always to trade majors pairs which liquidity is strong and spreads are less than 4 pips .
Caution : More you trade the greater Fear & greed will become to you so respect your profile trading and account parameters .
Day trader :
" day traders " set as profit more than 35 pips , they make significant benefits selecting one currency pair, also ther positions stay at less 5-20 hours live , the advice can I give you if you choose to be a day trader is to stay Online when you make a position or set a High professtional Stop-loss !!
Position trader :
" Position traders " , they put as profit the biggest profits at less more than 100 pips !! , their positions can stay live 2 or 3 trading days , they need to set a Stop loss order or stay in the market as long as possible , because News can swiftly destroy your trade !!!
Thank you for reading
Josef Amalric :)
Tags : Trading profile , Scalper , Guerrilla , day trader , position trader , what is profile trading , find profile trading , my profile trading .
How to determine Stop-loss ? step by step
There are a thousands techniques to define a SL order , for me I'm not using any methode to set SL , just because I use already Scalping strategy so I don't need more then 10-15 pips as SL
but I have used sometimes those ways to determine SL action :
1 - below or above support or resistance lignes ( this methodology is famous but pay attention for price reflection !! )
2 - you can also set your SLs depending on your trade profile , this is the easy way to determine a SL:
- If you are a guerilla , set for each 1 profit pip 2 pips for your SL
- If you are a scalper , set for each 3 profits pips 1 pip for your SL
- If you are a day trader , set for each 5 profits 1 pip for your SL
Thank you for reading :)
amalric ,,
Fundamental or Technical analysis ?
Hello ..
I woult to talk today about something very important for all traders whatever was their trade profil ..
A lot of forex traders use TA to trade ( Indicators - Trends - Price action ....) , it is more correct and objectif for the short run because on the long run there is a high probability that the equation may turn , news can disturbe your TA !!!
FT factors ( consumer confidence , personal income , trade balance , employment situation , national product ... ) drive prices on the long run , So if you like to trade using TA try to avoid trading in the long run and trade only in the short term or we can say that FA is for the long run and TA is for the short term , keyns confirme that when he said " we are all dead in the long run " .
I'm sure that News , national or international trade statistics , political events can drive forex market , but the problem that make me choosing TA is how can I interpret FA datas ? , for the long term and short term ? How can I for example convert a balance trade statistics to a price value ? and let us assume that I can convert this FA data for a price value there is a lot of fundamental informations how can I make an homogeneous decision using them ?
In my account I'm with TA but fundamentalists has there opinions concerning my preference is that the datas we use are already history by the time we do calculations and they don't have any impact on the future prices ..
If you choose to trade using FA , how much time you will stay when you open a position ? At what price Can you scalp your profit , how much pips you will consecrate for your stop loss ? I don't know if the fundamentalists can respond these questions !!
NOW choose what is the best for you TA or FA !!
Tags : What's the best fundamental or technical analysis , technical analysis is the best , fundamental is the best , trade using technical analysis , trade using fundamental analysis , fundamental analysis , technical analysis .
How to avoid fear & greed In forex trading ?
Hi ...
In this article I woult to talk about some thing very important for every Forex trader its fear & greed , and how they can destroye trader profits ..
Some of traders have the attitude of winning naturally so they are not touched about frear & greed , some others do not have, so there chances of success in forex market are not suffisantes , the solution is to develop there own methode to put out there emotions when they trade forex ..
psychology in Forex trading is in the first keeping your emotions in restraint ( fear & greed) , the first emotions of any market are fear & greed , the move leveraged and volatile a market , the faster these emotions will hurt your results , if you trade forex while you have a low leverage , these emotions might not have an effect on your trading results . in forex i will tell you that they're going to come back to you in each position you create ..
Also Whenever you are not a nervous trader , Whenever you will profit more from the market , in generaly negative emotions are not good for a trader ..
if you are a nervous trader I advice you to trade using Scalping strategy to avoid waiting a long time , the position duration is little then make you nervous . ( if you are interested about learning how to trade with Scalping you can show this article : http://tradingg.blogspot.com/2013/03/how-to-trade-with-scalping-strategy.html) .
One other solution is to trade using black boxes ( I don't advice you to trade using black boxes they are more difficult and enigme just I try to give you some examples ) , or Robots ( they are easy and if you have found a good useful robot don't hesitate to use it ) , fear & greed have no place here ..
The humain just he develop and program a Code to trade and the robot applicate at end literally without using fear & greed emotions ..
I can Swear that fear & greed have a big impacts in the market , some forex expert said that they move 95 % of the market , When the market is represented by an uptrend then buyers are greedy and therefore sellers are fearful , and when the market is trending down the buyers are fearful and therefore sellers are greedy ,
price chart = fear & greed ,, profit = greed , loss = fear .
whenever she is your personality fear & greed will play a part of your trading system , you will suffer from them when you make a decision to open a trade position and when you follow it , and also when you close it ..
If you want to avoid fear & greed follow this methodology :
1 - Knowing who you are is the most importante question you must ask your self to determine your personality ( nervous , calm , passionate , + , - ...)
- If you follow your emotions use robots as I tell you above .
- If you are nervous trade using scalping strategy .
- try to monitoring your emotions .
- Use demo account at less for 6 months to diagnose yourself .
- don't let losses discourage you and don't let profits make you greed .
So try do develop your trading style , for me I'm negative/calm and its Good for me , just do not be excitable because the market want you to be that ..
Thanks a lot
Josef amalric :)
Tags : fear & greed , How to avoid emotions in trading , forex emotions , trader psychology , forex trading basics , how to trade , when to trade and when not to trade .
The best trading times and when not to trade !!
The forex market is open 24/24 hours and 5/7 days but time trading is a very important thing for a trader , so If you are really ready to be a professtional trader you must choose the adequate time trading to trade in forex market , there are times that you should not trade in there , naturally these times would come with once there's very little momentum in either direction and therefore the market is stuck in neutral . in these comparatively inactive times trading , there ar generally reaching to be larger than traditional spreads , therefore you'll lose right off the bat , paying to abundant for a wider unfold of larger than ever 5-7 pips .
The great time to trade is when the market is very active and in the same time has a good volume of trades , more the currency is in the active condition and in good volume , and the market is strong more you can make a profitable trades , remember this rule will keep you out from the market with a good benifice .
As you look those are trading times :
( Source : http://forex.timezoneconverter.com/index.cgi?timezone=GMT&refresh=5)
I advice you primary to avoid trading on Friday, and to Trade only when two forex sessions overlap if you want to make money , So do not be greed to trade every time .
For example trading GBP/USD currency will give his best results at the time trading between 8:00 am and 12:00 EST when two markets are actives for those currencies , at this time trading I assume you will get a high results and benifices .
forex timezone : http://forex.timezoneconverter.com/index.cgi?timezone=GMT&refresh=5
My respects
Josef amalric :))
Tags : when to trade , when not to trade , how to trade , best times to trade , forex trading times , what's the good time to trade forex , time in forex .
The great time to trade is when the market is very active and in the same time has a good volume of trades , more the currency is in the active condition and in good volume , and the market is strong more you can make a profitable trades , remember this rule will keep you out from the market with a good benifice .
As you look those are trading times :
I advice you primary to avoid trading on Friday, and to Trade only when two forex sessions overlap if you want to make money , So do not be greed to trade every time .
For example trading GBP/USD currency will give his best results at the time trading between 8:00 am and 12:00 EST when two markets are actives for those currencies , at this time trading I assume you will get a high results and benifices .
forex timezone : http://forex.timezoneconverter.com/index.cgi?timezone=GMT&refresh=5
My respects
Josef amalric :))
Tags : when to trade , when not to trade , how to trade , best times to trade , forex trading times , what's the good time to trade forex , time in forex .
Scalping strategy ? ( Step by Step )
In this Article I will teach you my methode of trading using " Scalping " strategy , For me I don't believe Really on trading with indicators (Trend is your friend ) but I assume that Scalping is the only one indicator strategy I can tell you , you can make some pips with it .
If you wanna make cash within the forex market you'd need to open a position with either a buy or a sell order and so close that position at future purpose in time ,as a result you will make a profit or a loss of funds in your account , So the most important thing that make difference between a profitable trader and a trader who loss his money it's his forex strategy .
OK I will give you an easy example , we suppose you place a sell order solding the GBP/USD at 1,2000 , you anticipate that the price will decline in his action , the price decline as you anticipate and you close your position at 1,1960 you will make 40 pips as a profit or 400 dollars with 1 Full lot size and 40 dollars with 1 mini lot size . but if the price rises then you will make a loss , To avoid this loss be sure to make 15-25 pips for account security ( Never ever trade without Stop loss order ) .
You will not making money without practise a lot of strategies and then choose and develop your own strategy at the end , for me I have practise Scalping strategy for 4 months with a virtuel account , now I make 20-40 pips at less per Day with real account .
L'et us learn the scalping strategy Step by Step :
Open a New chart as you look at the image and choose GBP/USD currency pair
You choose 5 minutes as a Time Frame (TF)
Now you must Open 7,3,50 Of Moving average indicator as you look on the next image (1) and (2) :
2 ways to open the MA
Or
Then you choose differentes colors , and you choose periodes ( for our scalping strategy we choose three periodes 50,7 and 3 MA )
As results you must have like this chart :
Ok right now it's great as you look I explain to you step by step ...
Now we must using the 3 and 7 and 50 moving averages to trade GBP/USD currency
( This strategy is available to all pairs currencies not only for GBP/USD pair , we take it just as an example )
Notice (1) : You can use Support and resitence lignes to determine your profit and your stopp loss order , but in general we choose 8-10 pips (8-10 pips are a great profit for a scalper ) as a profit and 10-15 as a stopp loss .
Notice (2) : We pay attention to 3 and 7 MA crosses , we Use the 50 MA to see if the market is bearish (uptrend) or bullish (downtrend)
Notice (3: Sell Order ) : when the fifty MA is declining we'll enter the market ( we enter with sell order ) once the three MA has crossed the seven MA to the downside at the top of the five minutes candelstick and not before ( pay attention : and not before .) then we'll keep within the market until the three MA starts crossing the seven MA in Associate in Nursing upward motion and Close our position using the button " close order " .
Notice (4 : Buy order ) : if the fifty MA was in upward trend we have a tendency to place a buy position once the three MA crossed the seven MA to the face at the top of a five minutes candlestick and not before and close our position once the three MA starts to cross the seven MA to the draw back.
Right now you have the basics Let's us make some Online positions : Open your plateforme and make your analyse using the rules that I have explain to you above .
Notic (5) : Never make position if the 50 moving average is in a Sedline condiction :
Example of a position :
As result I make 10 pips in 3 minutes ,, :)
more results :
In next Topics I will share with you my own methode to trade without Indicators and specially trading following the trend price action using a high time frames like H1,H4,D1,W1 , To get high profit 70 pips per day at less and Also the best times to trade forex and when not to do that to be a profitable scalper and more ...
Thank you for reading :)
Josef Amalric,,
www.tradingg.blogspot.com
Tags : Scalping strategy , How to trade , trade using scalping , Scalping , strategy trading , forex trading strategies , profitable forex trading strategies , high probability forex trading strategies .
If you wanna make cash within the forex market you'd need to open a position with either a buy or a sell order and so close that position at future purpose in time ,as a result you will make a profit or a loss of funds in your account , So the most important thing that make difference between a profitable trader and a trader who loss his money it's his forex strategy .
OK I will give you an easy example , we suppose you place a sell order solding the GBP/USD at 1,2000 , you anticipate that the price will decline in his action , the price decline as you anticipate and you close your position at 1,1960 you will make 40 pips as a profit or 400 dollars with 1 Full lot size and 40 dollars with 1 mini lot size . but if the price rises then you will make a loss , To avoid this loss be sure to make 15-25 pips for account security ( Never ever trade without Stop loss order ) .
You will not making money without practise a lot of strategies and then choose and develop your own strategy at the end , for me I have practise Scalping strategy for 4 months with a virtuel account , now I make 20-40 pips at less per Day with real account .
L'et us learn the scalping strategy Step by Step :
Open a New chart as you look at the image and choose GBP/USD currency pair
You choose 5 minutes as a Time Frame (TF)
Then Choose japanese candelstick as a bar and click at Zoom Out (-) , put it at maximum then click 3 times at the icon Zoom in (+) , it's allow you to analyse 3 hours of the price past history action .
2 ways to open the MA
Then you choose differentes colors , and you choose periodes ( for our scalping strategy we choose three periodes 50,7 and 3 MA )
As results you must have like this chart :
Now we must using the 3 and 7 and 50 moving averages to trade GBP/USD currency
( This strategy is available to all pairs currencies not only for GBP/USD pair , we take it just as an example )
Notice (1) : You can use Support and resitence lignes to determine your profit and your stopp loss order , but in general we choose 8-10 pips (8-10 pips are a great profit for a scalper ) as a profit and 10-15 as a stopp loss .
Notice (2) : We pay attention to 3 and 7 MA crosses , we Use the 50 MA to see if the market is bearish (uptrend) or bullish (downtrend)
Notice (3: Sell Order ) : when the fifty MA is declining we'll enter the market ( we enter with sell order ) once the three MA has crossed the seven MA to the downside at the top of the five minutes candelstick and not before ( pay attention : and not before .) then we'll keep within the market until the three MA starts crossing the seven MA in Associate in Nursing upward motion and Close our position using the button " close order " .
Notice (4 : Buy order ) : if the fifty MA was in upward trend we have a tendency to place a buy position once the three MA crossed the seven MA to the face at the top of a five minutes candlestick and not before and close our position once the three MA starts to cross the seven MA to the draw back.
Right now you have the basics Let's us make some Online positions : Open your plateforme and make your analyse using the rules that I have explain to you above .
Notic (5) : Never make position if the 50 moving average is in a Sedline condiction :
Example of a position :
In next Topics I will share with you my own methode to trade without Indicators and specially trading following the trend price action using a high time frames like H1,H4,D1,W1 , To get high profit 70 pips per day at less and Also the best times to trade forex and when not to do that to be a profitable scalper and more ...
Thank you for reading :)
Josef Amalric,,
www.tradingg.blogspot.com
Tags : Scalping strategy , How to trade , trade using scalping , Scalping , strategy trading , forex trading strategies , profitable forex trading strategies , high probability forex trading strategies .
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