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Showing posts from December, 2011

Top 100 Online Forex Brokers by Popularity

The Popularity Rankings below are determined by the broker's website popularity, both in terms of website traffic and links to the website from other places on the Internet, and the number of individual trader ratings. We are not trying to determine the largest broker as in total trading volume but rather the broker that has the most interest to the greatest number of individual retail traders. In other words, someone with a $50 account counts just as much as someone with $1,000,000 account. In the future we hope to incorporate the actual number of individual retail accounts into the calculation when that information is available. We will also track whether a forex broker is moving up or down in the rankings and how much.                           Popularity Rankings are presented for informational purposes only. Best Online Forex Brokers does not recommend online forex brokers based solely upon popularity. Broker Name (Alternate Name) Web Site 1. eToro

West and East system

This system from a member of forexfactory.com. so you free to try by yourself. He has been using it for a while This system has different names like Power Band, E-75, but the idia of this system coming from Steve Nison. In his books and dvds you can find that Candlestick patterns appears on support and resistance levels, confirming S/R. He offers to use candles with western technology, such as Bollinger Bands and oscillators, in our case it is Stochastic. He is using M15 time frame for trading, you can use higher time frame, but it wouldn’t go lower. For set up using: - Bollinger Band standard (period 20, shift 0, deviations 2, apply to close) - Stochastic (9,3,3) - Resistance and Support levels - Candlestick patterns - EMA 100, 200, 365 (Moving average Exponential apply to close) The main idea is that we need confirmation for candlestick pattern. This confirmation is Bands, stoch and S/R. We are looking for patterns such as engulfing, piercing, dark cloud cover, stars,