Forex

Someone (out there) Personal Philosophy Life is short. Life is too short for regrets. If you have a vision of how you want to live your life, on your own terms, make a plan of how you can get there. It is better to have tried and failed at something, than never trying it for the fear of failure. I believe that if you put all your heart mind and soul into doing something well, and never give up, you can achieve what you dream of. Trading, in my opinion, is in general a very risky business. Individuals who remain in the game after the majority has crashed out remain very vulnerable to market odds, and more often than not, they struggle to break even. So why did I go into trading? Passion Financial rewards Financial freedom Passion Challenge Flexible hours No rat race No politics No dirtying of my hands No inventory No bosses Recession-proof Passion Passion And more passion I don’t believe in doing something just for the sake of money. Yes, money is very important, but having passion for ...

Forex Glossary A Appreciation - A currency is said to "appreciate" when it strengthens in price in response to market demand. Arbitrage - Taking advantage of countervailing prices in different markets by the purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market to profit from small price differentials. Ask (Offer) Price - The price at which the market is prepared to sell a specific currency in a contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.2400/04, the ask price is 1.2404; meaning you can buy one US dollar for 1.2404 Swiss francs. B Bar Chart - A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the closing price, which is marked with a ...

Trendline Scalping 4hr timeframe This methode form a friend. A method which has been very successful for him. He won 8/10 of these trades and they happen a couple of times a week. It is a trend-line trading on a 4hr time-frame. Rules: dont trade 1hour before or after heavy economic news. Trade only during Euro start to about 3 hours before New York end. Look for a bullish trendline on the 4hr timeframe. After the second leg retracement buy when the price hits the line again. tp is 50pips sl is 50pips. The screen shots attached are examples of this setup The first one is of a buy setup the second is of a sell setup. In the first pic the trend is confirmed by the first two legs. a bounce of this gradient on a third time confirms a buy.

Comprehensive glossary of economic indicators from the relevant markets. While these indicators are generally applicable economic terms, some of them are specific for the country of their release. Please see below an innovative approach to covering FX fundamental and technical analysis.: Auto Sales Balance of Payments Balance of Trade (Merchandise Trade Balance) Beige Book Fed Survey Business Inventories and Sales Capital Account (now known as Financial Account) CBI Surveys Construction Spending Consumer Price Index (CPI) Current Account Durable Goods Orders Employment Cost Index (ECI) Employment Report Factory Orders and Manufacturing Inventories Gross Domestic Product (GDP) HICP (Harmonized Index of Consumer Prices) Housing Starts/Building Permits IFO Implicit Deflator Index of Leading Economic Indicators (LEI) The Institute of Supply Management (ISM) L M1 M2 M3 New Home Sales Personal Income and Personal Consumption Expenditures (PCE) ...

The Forex market is unique in that traders can access a 24-hour market very conveniently, without having to wait for the markets to open. At any time, there is always a major financial center open where banks, hedge funds, corporations, and individual speculators are trading currencies. Traders can trade during anytime of the day or night, and do not have to wait for any markets to be opened before placing their trades. This is particularly beneficial to people who hold nine-to-five jobs since they can trade it without any problems in the evening or night. In stock or futures markets, you can only actively trade for less than 7 hours a day. FX market GMT Indonesia Tokyo Open 23:00 06.00 Tokyo Close 08:00 15.00 London Open 07:00 14.00 London Close 16:00 23.00 New York Open 12:00 19.00 New York Close 21:00 04.00 The market runs 24 hours for 5.5 days a week because markets around the world open and close at different times. With the stock and futures markets, one would need to h...

Setting Up (on M15 Chart) : - MA Crossover Alert ( set signal when 21EMA cross 50 SMA ) - SMA 96 - SMA 200 - EMA 21 - Trix Index Entry Point rules : Sell only when : - MA cross signal pointing down - Trix Index confirming to sell - price below 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : above the highest MA (dont take any order if the risk is over 50 pips) Buy only when : - MA Cross signal pointing up - Trix index confirming to buy - price Above 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : below the lowest MA (dont take any order if if the risk is over 50 pips) Close order Point : - Close order point depend on individual expected profit. the higher the risk, the higher the profit this is the closing order condition from the lower risk to the riskier one 1. lowest risk : take profit @ 10-20 pips or set sl @ BE when the price already move 10pips, and close in the condition below 2. Close trade whe...

Hi Fellow Traders, My name is Sonic. I want you to read The 5 steps of Becoming the profitable trader (5 steps pdf) document before you do anything else in trading. The Story I have been trading for a near 2 years now and been a blessing so far. Just like many of you. I started hunting for the holy grail indicators that gives buy/sell with 0 loss. Soon, I found out that my trading statement is going no where, with messy charts and too many indicators to confirm. That causes the late signal trigger; minimizing my wins and maximizing my losses. Most of them are lagging. After reading many TA systems, books and LIVE trading, I have found out about there is no systems or indicators can really predict where the price will go. I became to understand the importance of Money Mangement, General trend, Higher, High Higher Low, S & R and fib and most pro use minimal to none indicators at all. The philosophy Trading is a probability business. You can win and you can lose too. It i...