Options Trading Unearthing the Commandments and Indicators - forex quotes from trading charts

Options Trading Unearthing the Commandments and Indicators ~ forex quotes from trading charts

The popularity of the options trading market is always on top. No one can simply be active in this kind of enterprise if he is unprepared to tackle the most important things that encompass it. There are jargons, techniques, and commandments which have to be taken into consideration and be learned by heart. Most of the times, the person who makes himself ignorant is oftentimes the one who digs up his own pitfall. For you not to suffer a terrible fate, all that you have to ensure is that of abiding by what is certainly a bunch of concepts which must be inculcated into your mind.

A Brief Background

The buying and selling of options is generally considered to be one of the most attractive and then economical ways of making yourself a part of the stock market. Investments can turn out to really big profits. The shares need to be disposed of within a particular time frame or else there will be no profit at all. The seller then has the preference to wait some more until the market proves to be well enough to accommodate a good trade. What matters most is for the trader to keep track of the date of termination of those options.

A List of the Commandments and Reminders

Are you up and about to hit the options trading market? As part of the basics, you have to learn some of the very fundamental factors that will lead you towards the path to success. For starters, here are the very relevant commandments as well as reminders which you must keep in mind.

First thing on the list is that you must not let any option reach its expiration without getting credits for it. You must understand that your options have set deadlines. Prior to the stipulated expiration, you should let it go and make sure that you earn what is due you.

Second, never ever forget the expiration days of your options. As mentioned above, you need to let it profit before its expiration. Meaning to say, every second counts and you are racing against time.

Third, place enough importance on the ask price or option bid. Although you should be flexible, it still matters that you become keen to the real ask prices and bid.

Fourth, always have a set of plans. Be ready to switch your plan A with that of plan B whenever necessary. 

Fifth, never buy any option that cant sell. You know your main objective as you trade. That is, to make profits.

Sixth, dont imprison yourself in a type of market that will make it really hard for you to get your way out. There is no one but you who is going to be held responsible for your actions.

Seventh, never pass the time. Always work with the right pacing for the market to execute its own move. Meaning, you should know when to strike and when to avail of the highest value that the market is offering.

Eighth, refrain from buying options from the markets that exude higher risks especially in terms of price precariousness. 

Given these commandments and reminders about options trading, you have to program yourself towards following them. Take note that your own success highly depends on how wise your decisions will be. These are merely your guidelines. You still need to concert your effort to make things work.

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How To Become a Better Trader - forex market charts

How To Become a Better Trader ~ forex market charts

It is a well documented fact that within the “business” of trading the financial markets, as much as 90 % of the participants lose and continue to lose money. So if 90 % are losing, that therefore means that 10% are gaining each and every time.

In order to improve my own trading record, I deliberately set out to try and discover what it was I had to do to become one of the 10% (The Winners) who are consistently making money from the unfortunate remaining 90%  (The Losers) who don’t.

My research and investigations was to speak to as many successful traders as I could, to read as many articles, publications and books which have been written by successful traders. It wasn’t until I started my research, that I quickly realised just how much has been and no doubt will continue to be written about trading and the psychology of trading. What is even more astounding is the amount that has been written by so called “gurus” who actually haven’t made any significant amounts of money from a business that they are supposed to be experts in. I will tell you about some of my findings relating to these authors in future articles.

It is my intention to publish my findings in a series of articles over the next 3 months and I hope you can learn and improve your own trading from implementing the information which I release.

I personally trade the FOREX market now but I have tried trading stocks, futures, commodities and options. I will be covering the reasons for concentrating on FOREX in a later article but in the meantime let me tell you about one of my many discoveries.

Every one of the successful traders I interviewed, stressed the importance of keeping a journal of their trades. They would record the date, time, what they traded, buy or sell, price, indicators used including levels and/or figures, trends (long, medium and short) and an overall description of why they took the trade. It was also imperative that the journal entry included notes about the trade after the event. If it made money what was the criteria, and if it was a losing trade, why had it turned out to be like this and any contributing factors.

Now comes the interesting part. Everyone of them stated that they regularly reviewed their journal (some weekly and some monthly) but everyone quite categorically looked back over past trades. No doubt learning from their mistakes and to improve and repeat on their successful trades.

Trading is very disciplined  with definite rules for entering and exiting trades. These rules must be adhered to at all times and one of the rules is entering all details about the trade in the journal, making no exceptions.

I hope you will all learn something from this and if you aren’t already maintaining a record of your trades, then please start doing so from now on. Also regularly go back over your records on a regular basis. You will  see a marked improvement in your performance.

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How to choose the right Forex Broker - forex trading with renko charts

How to choose the right Forex Broker ~ forex trading with renko charts

Considering that there are many Forex brokers, it is hard to make a decision on which one to open your trading account. 

All of them have different advantages, desadvantages,weaknesses, capabilities, features.

Here you have a list that can help you decide which broker to choose for your Forex business.

1. Is the broker you want to use Regulated ? You must be sure about this first criteria. Usually, all the regulated brokers must submit financial reports to regulatory authorities. In case that they dont do it, the regulatory authorities may terminate their membership. It is a measure to keep transparent the financial reports.

There are local regulatory authorities, for every market. The US based brokers are regulated by the National Futures Association and Commodity Futures Trading Commission. The Swiss based brokers are regulated by the Swiss Federal Department of Finance and so on.

When a Forex broker is regulated, this allows investors to dispute any resolution, increasing the investor protection.

2. You must establish the trading platform and the trading conditions with the chosen broker. 

The most important factors are:

Platform execution - you must know how fast and how consistent are the execution of the trades. It should be fast and transparent executions during normal market conditions.

Spread- the smaller the spread on currency pairs the better the conditions are for investors and traders.

Safety of funds- you must be sure that your trading funds are kept in a segregated account or at least insured.

Fractional trading- you must ask your broker to allow you to trade on fractional basis. Instead of trading full 

lots , they can allow you to trade fractional lots, like "22,458 units", not "23,000 units". This is a good measure to avoid trades risking percentage of the balance on each trade.

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USD CAD Is Going to Trade New Important Support - forex trading for maximum profit raghee horner

USD CAD Is Going to Trade New Important Support ~ forex trading for maximum profit raghee horner

In last December we have USD/CAD at the same levels and now its approaching to very confusing level? DO you think it will break that level?

If Oil falls CAD will be down in return and things will be tough for this pair to move higher. The most devastating news for USD/CAD was that when bank of canada did not cut the rates in the month of January.

It is now 1200 pips down and it is near 1.3460 and In October this level has performed a top level.
When it went down below 1.30 the pair moved upward again and again dropped in the month of November in the first attempt but it succeeded in the second attempt.

Canadian dollar is weak today and touching lower ground of 1.3481 and now pair seems to be moving slightly up.
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How to Avoid Failed Invalidated Harmonic Pattern - learning forex trading basics

How to Avoid Failed Invalidated Harmonic Pattern ~ learning forex trading basics

The Harmonic Pattern is so popular and we all agree it really works !! Many of Harmonic Trading topics are full of succesful screenshots of Patterns like Gartley, Butterfly, Bat ...etc. What about the opposite, the invalidated (also called failed) ones ? 

In fact, Harmonic Pattern success rate is only about 80%. 

Ill start posting some of failed cases and then I will show how to avoid it. Following examples present invalidated/failed patterns:

This is an emerging Bullish Gartley Pattern, deteced by one Harmonic Pattern Indicator, price was supposed to go up after the pattern is displayed... . what really happened afterward is price continuing down and the Harmonic Pattern expand its right wing and failed eventually

Here are more definitely failed pattern:

The pattern signal a short sell but price still go up

Bullish Butterfly doesnt work !!!

Thats why we have developed an extra confirmation oscillator to increase the successful ration of the pattern, it will filter out failed pattern and also reduce the number of potential trades. But as veteran traders Sive Morten has taught: "...Trader should better accept losing trading chance than losing trading capital..", I am happy to introduce it to you Super Trend Oscillator.

Come back to the very first screenshot in this post and compare the entry signal with the screenshot below, you will see how it pick the perfect bottom:

Compare this screenshot with the very first chart in this post to see how good it generate Buy Signal

Here is an overview of the whole system :

All Signals are generated consistently with the Emerging Harmonic Patterns and help you confidently enter the trade without worrying it would fail

Another successful case :

Here are our feedback of a recent Japanese Customer :

Happy recent customer !

This Super Oscillator is provided along with Harmonic Pattern Indicator for Price 27$. Instant download, no limit, no expiry !

Any question, email to lumina920 [at] nokiamail [dot] com.

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A Guide to Firmly Trading Futures - forex trade charts eur chf

A Guide to Firmly Trading Futures ~ forex trade charts eur chf

Within the stock trading trade, several many people garnered number of money>handsome profit from futures markets. it is just during this arena where folks that have restricted capitals may in fact build substantial profits even because we are part of a short time. other then as a result of like other market, this involves plenty of risks and may possibly cost you significant losses, folks could usually concern for getting concerned. 

Despite its bad reputation however, many experts would claim that futures trading could only be as risky as you want to make it. And if you take on good strategies and give yourself the proper exposure, then this can make you very rich. 

What Are Futures?

Futures are standardized and transferable contracts that require a buyer to purchase a stock at a specific sum and within a certain time period in the future. This contract gives the buyer the obligation of purchase, and the seller the obligation to deliver the specific asset traded.

Unlike options, futures contracts obligate the traders to buy and sell instead of just merely giving them the right. 

People basically profit from futures by performing speculations in order to provide liquidity and to assume risks for price fluctuations in the market. These valuable functions provide them with substantial returns and potentially large gains. But take note that along with these, substantial risks are involved as well. 

How And Why Are Futures Traded?

Trading futures has become quite popular in many markets, especially in day trading. These kinds of trades offer a wide variety of markets and it can be traded at a low cost. 

Futures can be traded in both up and down markets. If a particular trader expects the market to go up, a long trade is usually done wherein the trader buys a contract and then sells it. On the contrary, if a trader believes that the market will go down, and then he will most probably make a short trade by entering a trade through selling a contract and then exiting by buying another contract. 

With this system, traders are able to profit regardless of what direction the market trends are going. This is the main reason why most traders are only concerned if the market is moving at all, instead of which direction it is actually going. 

In futures trading, instead of taking or making deliveries, a trader merely speculates his position in the market’s volatility by predicting directions of trends. If prices move in the right direction, then the trader would be able to profit. If this does not happen, then a trader would experience some losses. 

This particular arena in trading can be very promising, but it involves so many risks as well. But if you are well experienced in trading stocks and have adopted quite an understanding in the different trends, behaviors and strategies that the industry has to offer, then chances are, you may probably do well in this particular playing field. 

All of this may sound pretty easy at the moment, but if you are planning to engage in futures trading, make sure that you do your research and prepare yourself with the necessary knowledge and skills to successfully execute transactions.

Along with huge profits possible, there are a lot of risks involved and trading futures without the right background can be very detrimental.

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A Winning Approach to Actually Trading Within the Stock Market - forex trading candlestick charts

A Winning Approach to Actually Trading Within the Stock Market ~ forex trading candlestick charts

Several traders lose merely from ignorance. They will base their trades on hunches, news, or tips from friends, and dont define specific risk and profit objectives before inserting trades. Pothers have the merit of educating themselves other then fall victims with the emotions. They will hold on to actually losing positions hoping they will can become winners and sell winners by concern of losing atiny low gain. They will overtrade to actually fulfill a requirement for action or by concern of missing out.

The consistent winners follow a winning approach:

• They have a strategy to enter and exit trades
• They use good money management
• They take consistent actions, they follow a trading plan
• They keep good records so they can review their actions
• They avoid overtrading
• They have a winning attitude

A strategy to enter and exit trades
You need to a strategy to put the odds in your favor for each trade you take. Your strategy should be as objective as possible and include the following elements:

• Entry: conditions required before you can enter a trade - may include technical analysis, fundamental analysis, or both.

• Initial stop loss: price at which you will close the entire position if it does not go in your favor. The risk per share is the difference between the entry price and the initial stop.

• Initial price objective: price at which you will take some or all profits if the trade goes in your favor.

• Trade management: set of rules that dictates your actions while a trade is opened. It may include trailing stops, closing position, etc…

For every action you take, the reason should be clearly described in your strategy. 

Money management rules to keep losses small
The goal of money management is to ensure your survival by avoiding risks that could take you out of business. Your money management rules should include the following:

• Maximum amount at risk for each trade. The different between your entry price and your initial stop loss is your risk per share. Your maximum amount at risk for each trade determines the share size.

• Maximum amount at risk for all your opened positions.

• Maximum daily and weekly amount lost before you stop trading – avoid trying to trade your way out of a hole after a loosing streaks.

During your learning phase, your goal should be to survive, not to make money. Start with low limits and raise them as you become a consistent winner otherwise you will simply go broke faster. 

Good record keeping
Although the process of gaining experience cannot be rushed, it can be made much more efficient by keeping good records of your actions. Good records will allow you to:

• Review your actions at the end of each day to make sure you followed you strategy, not your emotions.

• Learn from your losses – they cost you money, make sure you get the education in return.

You should also keep a journal of your observations.

A trading plan to keep emotions out of your decisions
During trading hours, emotions will turn smart people into idiots. Therefore you have to avoid having to make decisions during those hours. This requires a detailed trading plan that includes your strategy and your money management rules.

For every action you take during trading hours, the reason should not be greed or fear. The reason should be because it is in the plan. With a good plan, your task becomes one of patience and discipline.

You have to follow the plan without exception. Any valid reason for an exception - for example, correcting an oversight - should become part of the plan. 

Overtrading

Sometimes the best thing to do is to do nothing. Not trading on those bad days is key to becoming a consistent winner – in some situations it is very tempting to overtrade:

• If you trade to fulfill a need for action, to relieve boredom
• If you can’t find the proper setup but can’t wait
• If you fear you are missing out on a great trade or on a great market
• If you want to make up for losses (revenge)
• If you trade to feel like you are working instead of sitting around. Trading involves a lot of work other than the actual buying and selling.

You should not trade under the following conditions  

• You are not following my trading plan
• You have reached your daily or weekly maximum loss
• You are sick or very tired
• You are very emotional (upset, pressured to make money, self-esteem destroyed)
• You are using new tools you are not completely familiar with
• You need time to work on your trading plan

A winning attitude
Losing traders look for a “sure thing”, hang on hope, and avoid accepting small losses. Their trading is based on emotions. You must treat trading as a probability game in which you don’t need to know what is going to happen next in order to make money. All you need to know is that the odds are in your favor before you put a trade. 

If you believe in your edge, which is you believe that the odds in your favor for each trade you enter, then you should have no expectation other than something will happen.

Your attitude will have a direct influence on your trading results:

• Take responsibility for all your actions – don’t blame the market or world events.

• Trade to trade well and for the love of trading, not to trade often and not for the money. The money will come as a result of trading well.

• Don’t be influenced by the opinions of others. Reach your own decisions and follow them.

• Never think that taking money from the market is easy and never assume that you know enough.

• Have no particular expectation when you place a trade because you know that anything can happen.

• Don’t try to guess the future – trading is a game of probabilities.

• Use your head and stay calm – don’t get excited or depressed.

• Handle trading as a serious intellectual pursuit.

• Don’t count how much money you have made or lost while you are in a trade - focus on trading well.

Trading Framework was designed to help you build those crucial elements into your trading.

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How to Get Explosive PROFITS So Quick - top ten forex trading books

How to Get Explosive PROFITS So Quick ~ top ten forex trading books

In order to quantum increase your cashflow, you must have a smart and proven strategy.

Lets Mr. Kishore M show you how by using the proven forex strategy, Pip Breakout Explosive Profits strategy: http://instantfxprofit.brinkster.net/video3.html

Who is Kishore M?

Mr. Kishore M is an international investment coach & sage of trading. He was interviewed by Bloomberg, Channel News Asia & BBC. For more than 10 years, Mr. Kishore M has trained over 100,000++ students around the world, including professionals from AMEX, Deutsche Bank, HSBC, REFCO and Citibank. He was also interviewed by global media like BBC, Channel News Asia & Bloomberg. (In my next post, I will give you a compilation of his achievements & global media interview videos)

What is Pip Breakout Explosive Profits

It is a PROVEN & profitable forex trading strategy by Mr. Kishore M.

This strategy aims at generating 350% ROI (Return On Investment) in a SINGLE trade.

Detailed strategy application and explanation is here: http://instantfxprofit.brinkster.net/video3.html

Lets this short & simple post benefit you the most.

* P.S. How to explode your daily cashflow with a systematic strategy.

   

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BANK TRADER REVEALS BREAKOUT STRATEGY - forex currency trading basics

BANK TRADER REVEALS BREAKOUT STRATEGY ~ forex currency trading basics

Hello traders,

Today I would like to show you a technique that is valid for all currency pairs and all time frames (my group in the bank tend to use it mostly on the Daily and Weekly charts to avoid market choppy noise). The name of this strategy is the Breakout, Congestion and Continuation pattern, and it’s a high probability setup given the right circumstances. If you master this technique, you could achieve a 75% to 80% win/loss ratio!

The key concepts are the universal pattern of any currency pair : continuation pattern after a strong momentum breakouts of key Support / Resistance levels, using candlestick formation made by 3 consecutive candles.

Search for the pattern only upon the breakout of a significant horizontal level of support / resistance 

The pattern : You must see a solid breakout candle breaking through the Support / Resistance level

Dont trade if you get "shaky" breakout candles

Trade only when you see one small candle beyond the support / resistance level, then place your stop orders as shown below

Close 50% of the trade at the close of the first continuation candle, then move stoploss to break even.

Finally, close remaining 50% of the trade at the close of the second continuation candle.

There is 75%-80% winning ratio if you follow this strategy. Good luck !

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I AM GOING TO ATTEND 15th MENA FOREX EXPO (updated) ON COMING NOV 26 27 - free forex trading tutorials for beginners

I AM GOING TO ATTEND 15th MENA FOREX EXPO (updated) ON COMING NOV 26 27 ~ free forex trading tutorials for beginners

I AM GOING TO ATTEND 15th MENA FOREX EXPO 2015 ON COMING NOV 26& 27 AT HOTEL THE WESTIN MINA SEYAHI BEACH RESORT & MARINA, DUBAI?UAE

 So Im Available in Jumeirah Beach Rd, Dubai - UAE from 25th to 29th, If anyone want a Appointment, Please message me..

Website: http://www.meforexexpo.com/

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
FOREX ACCOUNT OPENING CONTACT US
Mail : infoqmanager@gmail.com Skype : qmanager.live
Phone : 0091 9003344190 and 0091 9600329983
Whatsup: +91-9487929983 and viber: +91-9600329983
Facebook : www.facebook.com/forextamil4u
Youtube : www.youtube.com/user/senthamizharasuvta
website: www.tradingwithtamil.com and www.forextamil.com
Broker : http://business.evenforex.com/

Tags:  MENA FOREX SHOW, Rebate Provider, Portfolio Management Broker, ECN/STP Forex Broker,  Affiliate Program

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Using Divergences to Identify Market Reversals - forex trading charts pdf

Using Divergences to Identify Market Reversals ~ forex trading charts pdf

Using divergences correctly can help spot key market turns

Many traders and analyst use price-momentum divergence to identify trend reversals. For those of you who are not familiar with this term divergences may be defined as follows:

* Bullish divergence: When price lows are lower in a trend but momentum lows are higher

* Bearish divergence: When price highs are higher in a trend but momentum highs are lower

Basically what this is effectively saying is that momentum, that is the pace of the trend, slows then the underlying momentum indicator will not confirm the new price extremes by making new momentum extremes.

For example, it is easy to see from this chart that there has been a strong uptrend.

Below the price chart is a form of the Relative Strength Index (RSI)

Note how the RSI is showing a bearish divergence. As you can see price highs are still rising but the RSI peaks have begun to fall. This is a feature that often accompanies a stronger reversal in the trend.

Is this a confirmed reversal signal ?

Let’s see what happened next:

In fact the uptrend continued in spite of the divergence.

While this special version of RSI provides better divergence signals it is vital that price also confirms a reversal. This can be done using several methods.

Firstly, by considering the definition of an uptrend:

Price is making higher highs and higher lows.

To confirm price reversal then we should wait for it to decline below the last significant low. In the first chart price had declined very little and therefore the risk of price continuing its uptrend remains.

Secondly, by looking for break of a trend support:

In this case no break of the support line was seen until after the 2.1160 peak. This was also accompanied by a bearish divergence and therefore confirmed the reversal of the trend.

Note that after breach of the trend support how price later moves back to retest the line. This often provides excellent trade opportunities.

It is a common error that traders anticipate a trend reversal merely because there is sign of a divergence. However, this is not a 100% safe strategy. Unless there are other indications to confirm it is safer to wait for confirmation of the reversal.

Good luck

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A Basic Introduction to Firmly Trading Mindset - forex trading chart download

A Basic Introduction to Firmly Trading Mindset ~ forex trading chart download

Lots of individuals talk concerning the wonders of trading and exactly how it often is best approached. However understanding how to firmly establish and establish your entry signals will mean plenty to firmly setting the very best path to firmly trading, so, a basic introduction to firmly trading needs to be so as.

The primary goal to firmly trading is for profit, since the penultimate goal for its to firmly sell and get a profit. however do take note that trading is like gambling, where one cant verify or tell what exact market forces are at play and just what it might ultimately do to firmly spell your trading choices.

 

Self determination is another key to your trading success. No one will tell you what to do next, you have to plan for yourself, expecially since there are no hard and fast rules for this career.

Other people may tell you what to do, and they could be right for a time, but do try to consider that the point is that the market fluctuates, and trading is about watching the market, analyzing it, and acting on your own.

Understand and manager your opportunities and risks.

All those people grabbing opportunities mean that the really good ones go away.
The random opportunity that most likely pops up in a trader’s life is a crisis in supply. Something has interrupted the normal flow of supply and demand, dramatically raising the price and this is a temporary chance. 

Others will also be jumping on opportunities the same as you do. These may be the regular suppliers, those with surplus stock or another trader with a source elsewhere.

Wisely judge the risk and make your move.

Scamming is a career for some, so always be wary of people offering cutthroat deals or tempting offers. Thoroughly read the conditions of a contract, count zeros, and just be aware of every possible fine print on documents before signing.

Gambling to win means not letting the house make the rules. The difference between luck and success lies in the amount of risk managed. Sometimes you could get lucky and at other times not, so risk analysis and management lie at the heart of any method that can be termed reliable.

Setbacks happen and this is a risk in trading, where there are casualties and losses.  Play at the stakes and risk levels you can afford, don’t lay down all your cards and have nothing left to pick up on. Make every effort to know the market. This will help a lot in determining how you could establish the ins and outs of the market you are in.

Every trader needs to know his territory,and those item markets he is interested in

Trading is a world of compound interest, challenges and opportunities. One can invest in buying and selling more items in a single item market, you can pick up when you fell there is a slack on one item or you can diversify into other types of items.

The nature of the market is purposeful chaos. This is so because the market is the aggregate actions of thousands of people, therefore it cannot be trusted. It will change on you at the flick of a finger, void plans, erase profits, render prior knowledge obsolete or even render you penniless if you don’t play your cards right.Patterns change, so don’t just rely on it totally. As what the previous point indicates, one day it could be favorable for you, but that can change the next day, even the next hour or so. So this is a basic introduction to a trading mindset and this can help you be on your way to more profitable gains and calculated risks.

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IF YOU FOLLOW GOOD TRADING RULES! - best forex trading books of all time

IF YOU FOLLOW GOOD TRADING RULES! ~ best forex trading books of all time

If You follow good trading rules, You will come out ahead. The problem is Traders want instant gratification.

If You are 70 pips in the plus and You get stopped out, cut that bad trade. What we forget is that if we take a 15pip hit then we are still ahead by 55pips.

As a Traders, You will lose some battles. SO WHAT?!!!! The important question at the end of the day is; have You won the War! You must win the war here in order to succeed, and that is going to involve learning to cut trades that are eating away at Your hard earned capital.

As Traders if we play all day and come out ahead by 8 pips, all we focus on is the 30 pips we lost
WRONG!!!!!!!
Mourning the loss puts Your focus on what is wrong instead of what is right, which puts You at a huge handicap the next time You are up to play.
There are 2 things that I believe will help Your game...........

#1 Congratulate Yourself on a good days play and the fact that You came out ahead!...

#2 Lastly never beat Yourself up for a bad trade, review Your missteps and see how You could have played better. After analyzing it, use the lesson to improve Your game.



Many traders will make 30 pips and see another good entry that ends up going against them and many times will give the market back that gain because they dont want to lose any money.

If You dont have the discipline to cut a loss, then You dont need to play this game! All You do when You hold a bad trade is make rich fat cats out of those who spend their lives tricking traders.

Listen to me, if You play by good, sound, solid rules then You will mostly come out ahead. You can take up to 4 hits a day and still come out ahead as long as You follow good sound rules with discipline.

http://tradersbud.blogspot.com/2009/10/discipline.html

Keep Your losses small and stick with Your trade until Your rules say cut it. Dont forget that the best traps look like legitimate trade set-ups; thats how they get us.

They lead us into traps deliberately, but it is up to us to spring these traps and free ourselves to follow profit. They only trick us to get us out of the way so that they can enjoy the real price move without our interference.

Too many of us will lose several hundred pips because we refuse to take another loss, when the simple, but not easy truth is: when We realize that price has gone against Us, We can cut that bad trade and make great money following profit, instead of rationalizing why that bad trade has to work out!

Many of Us will go so far as to call Our bad trading bad luck, but the truth is, it is bad trading that comes from a lack of a good set-up, a lack of discipline or refusal to follow good trading rules in the face of a loss.

No GOD is not punishing You, You are as smart as the next girl/ guy doing this, they have just learned the level of discipline that it takes to be successful and YOU CAN TOO!

Listen, I hate a loss worst than anybody and have lost more money than I have gained because of it. What I am discovering is that with patience and discipline, I can take much more from the market than I ever give!

Following good rules all of the time will put You in the winners circle and keep You there! It is possible and it is possible for Y-O-U!

You can absolutely do this. You can be successful at forex, with patience, discipline and a good trade set-up!

YOU CAN DO THIS (^_^)

4RunnerForex.com Affiliate Program
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BANK MANIPULATION TRADING Pro level one to one class in my place to Mr Ravi from Salem India - online forex trading tutorial pdf

BANK MANIPULATION TRADING Pro level one to one class in my place to Mr Ravi from Salem India ~ online forex trading tutorial pdf

I am Started a BANK MANIPULATION TRADING (Pro level) one to one class in my place to Mr. Ravi from (Salem) India.i pray god to shower all his blessings towards him for his successful trading carrier.. by TAMIL

website: http://www.forextamil.com/2014/06/bank-manipulation-trading-course-pro-trader.html

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING

FOREX ACCOUNT OPENING CONTACT US

Mail : infoqmanager@gmail.com Skype : qmanager.live

Phone : 0091 9003344190 and 0091 9600329983

Whatsup: +91-9487929983 and viber: +91-9600329983

Facebook : www.facebook.com/forextamil4u

Youtube : www.youtube.com/user/senthamizharasuvta

website: www.tradingwithtamil.com and www.forextamil.com

Broker : http://business.evenforex.com/

Tags: Forex training in salem, forex in salem, forex training in salem, salem forex brokers

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LISTEN TO THE WISDOM OF THE CANDLES - forex trading books in urdu free download

LISTEN TO THE WISDOM OF THE CANDLES ~ forex trading books in urdu free download

Your candles always have a tale to tell and you would be very wise to listen as they whisper hints about what is going on in the market. In order to trade your very best, it is very very important for you to learn to properly interpret the language of your chart. Now you can use either the bar or candlestick chart to do this, there is really no real difference in the information between the two, but the candles give you a clear immediate visual advantage over your bars. Whether you use bars or candles isnt as important as being able to understand what they are saying to you.

Learning to properly interpret this language will save you hundreds to several thousands of dollars. The trader who has taken the time and patience to learn this language heaps huge rewards as a benefit, but those who dont suffer the wrath of the market time and time again.

Now it is possible to have a perfect understanding of the market and still miss it. All the proper interpretation does is give you an advantage that will put profits in your pocket most of the time.

Your charts are always telling a story and if you can properly interpret that story the market will pay you big dividends for that knowledge.

Here is one of my favorite beginner candlestick video:



Also pick up Steve Nisons candlestick book at your local library: THE KNOWLEDGE IS THE POWER IN TRADING, and having it is the difference between going broke and thriving.

YOU CAN DO THIS (^_^)

Get 10 Trading Lessons FREE
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WEEK OF NOVEMBER 01 TO 07 (updated) HIGH IMPACT NEWS CALENDAR - forex trading tutorial in nigeria

WEEK OF NOVEMBER 01 TO 07 (updated) HIGH IMPACT NEWS CALENDAR ~ forex trading tutorial in nigeria

WEEK OF NOVEMBER 01 TO 07, 2015 | HIGH IMPACT NEWS CALENDAR

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
FOREX ACCOUNT OPENING CONTACT US
Mail : infoqmanager@gmail.com Skype : qmanager.live
Phone : 0091 9003344190 and 0091 9600329983
Whatsup: +91-9487929983 and viber: +91-9600329983
Facebook : www.facebook.com/forextamil4u
Youtube : www.youtube.com/user/senthamizharasuvta
website: www.tradingwithtamil.com and www.forextamil.com
Broker : http://business.evenforex.com/

Tags: Manufacturing PMI, Cash Rate, RBA Rate Statement, Retail Sales, Unemployment Rate

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Week of October 11 to 17 (updated) High Impact News Calendar - forex trading tutorial in pakistan

Week of October 11 to 17 (updated) High Impact News Calendar ~ forex trading tutorial in pakistan

Week of October 11 to 17, 2015 | High Impact News Calendar

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
FOREX ACCOUNT OPENING CONTACT US
Mail : infoqmanager@gmail.com Skype : qmanager.live
Phone : 0091 9003344190 and 0091 9600329983
Whatsup: +91-9487929983 and viber: +91-9600329983
Facebook : www.facebook.com/forextamil4u
Youtube : www.youtube.com/user/senthamizharasuvta
website: www.tradingwithtamil.com and www.forextamil.com
Broker : http://business.evenforex.com/

Tags: Forex training in Kuala Lumpur,  forex in Kuala Lumpur, forex brokers in Kuala Lumpur, forex education in Kuala Lumpur

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ANTICIPATE - forex trading books free download

ANTICIPATE ~ forex trading books free download

One of the biggest mistakes traders make is jumping in at the end of a price move. Once price has a direction, we expect for price to move that way forever, and either fail to secure our profits, or try to keep riding a profit train that has come to the end of the line.........

This is a costly error. Price does not continue on forever; at some point it is going to turn against the current trend. Believe me, I love to ride a good profit train and hate to get off of it, but price is only going to go to its next destination before returning to the station or moving to a totally different one.

Your current trend will not go on forever no matter how good the news or the economy is, at some point trends like rivers develop bend and curbs and ultimately reversals. It helps if you know where the river banks are. That is where your support and resistance come in, price may turn at a resistance/support point or it may simply move sideways before finding a way to follow the current trend. These are areas that you want to pay particular attention to price action.

Most of the time, your candlesticks will show you the direction you must take at these areas. Learn to anticipate where your price is going to move. That is how your trend line, candlesticks and support and resistance work together to help show you the most profitable trades. If you are trending, buy pullback/sell rallies in harmony with that trend. If you hit a resistance, then look for a validate candlestick reversal before shorting that resistance, if you are at support begin to look for a valid candlestick reversal pattern to bounce off of that support area. If you dont get these patterns and price keeps going then it is time for a new strategy, but following your trend is going to yield your most profitable trades.

Follow where your price leads, but your trading tools help you to predict where price maybe headed. Anticipations makes for some very lucrative and profitable trades.........

YOU CAN DO THIS (^_^)


Get 10 Trading Lessons FREE
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Week of October 25 to 31 (updated) High Impact News Calendar - forex market trading tutorial

Week of October 25 to 31 (updated) High Impact News Calendar ~ forex market trading tutorial

Week of October 25 to 31, 2015 | High Impact News Calendar

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING
FOREX ACCOUNT OPENING CONTACT US
Mail : infoqmanager@gmail.com Skype : qmanager.live
Phone : 0091 9003344190 and 0091 9600329983
Whatsup: +91-9487929983 and viber: +91-9600329983
Facebook : www.facebook.com/forextamil4u
Youtube : www.youtube.com/user/senthamizharasuvta
website: www.tradingwithtamil.com and www.forextamil.com
Broker : http://business.evenforex.com/

Tags: Prelim GDP, Trade Balance, CPI, FOMC Statement, Official Cash Rate

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How To Incorporate Price Action In Forex Trading System - forex trading chart reading

How To Incorporate Price Action In Forex Trading System ~ forex trading chart reading

There is no unified or centrally cleared market for the majority of Forex trades. 

There are rather a number of interconnected market places, where different currencies instruments are traded. 

This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. 

Trading the Forex market has become very popular in the last few years.

But how difficult is it to achieve success in the Forex trading arena? 

Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? 

Unfortunately very few, only 5% of traders achieve this goal. 

One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor, the price behavior.

In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. 

Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in gross domestic product (GDP) growth, inflation (purchasing power parity theory), interest rates (interest rate parity, Domestic Fisher effect, International Fisher effect), budget and trade deficits or surpluses, large cross-border MA deals and other macroeconomic conditions. 

Most Forex trading systems are made of technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) 

But what are technical indicators? They are just a series of data points plotted in a chart. 

These points are derived from a mathematical formula applied to the price of any given currency pair. 

In other words, it is a chart of price plotted in a different way that helps us see other aspects of price.

Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. 

There is an important implication on this definition of technical indicators. 

The fact that the readings obtained from them are based on price action. 

Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA 

crossover, the long period MA generating a long signal. 

Most traders see it as "the MA crossover made the price go up," but it happened the other way around, the MA crossover signal occurred because the price went up. 

Where Im trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. 

For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. 

If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesnt want to go up. 

Most of the time, under this circumstances, the market will continue to fall down, disregarding the MA crossover.

Dont get us wrong here, technical indicators are a very important aspect of trading. 

They help us see certain conditions that are otherwise difficult to see by watching pure price action. 

But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.

So, how to create a perfect Forex trading system?

First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. 

Every trader has different needs and goals, thus there is no system that perfectly fits all traders. 

You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. 

Make sure you know the nature of whatever technical indicator used.

Secondly, incorporate price action into your system. 

So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. 

Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

The description above is the hard way to achieve goals as a forex trader.

There is an easy way also. Try a new, revolutionary software,which can make your life eaiser and can guarantee your profit.

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