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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FINDING THE PERFECT ENTRY - best forex trading books reviews

FINDING THE PERFECT ENTRY ~ best forex trading books reviews

While finding the perfect entry is the fantasy of every trader. There is no such thing. It is pure myth. If you get an exact top/bottom it is more luck than science. We have many indicators to help us to do this, but finding a good entry point can still be a challenge.

While there are no perfect entries; there have to be entries that put the odds of success in our favor

I think the secret to getting a good entry is the waiting. I get more profitable trades than losses because I am willing to allow the trade to come to me. As a trader I do more waiting than trading. Many people dont get that, but the secret to getting your best market entry is in the waiting.

Here are some things that might help. Mark Yesterdays support and resistance , if you are near yesterdays support when you enter the market and price is moving in a bullish fashion, there is a high percentage that you can take your trade long for a good ride. If you exceed yesterdays high and you get a reversal, then you are probably in for a sweet ride to the down side.

If you are at a midpoint, you might want to wait for a pullback or bounce for a better entry. If you have enough distance from your support or resistance, then most of the time you are safe to follow that short term trend. This works best on a non trending or slightly trending market. In a trending bull market, sometimes you will dip down to just below the high of the previous day all the way down to the low of the previous day before price continues on in its bullish pursuits. In a trending bear market, price might rally above the previous days close and in rarer occasions all the way to the high of the previous day before reversing.

Never buy near yesterdays top or sell near the bottom unless you are in steps. If You sell near the previous days top or buy near yesterdays bottom, you are much more likely to get a break even trade if the market doesnt do what you expect.

Here is a great link that will show you roughly what your pair is going to do hourly and daily. It also shows you the times that your pair is most active:

http://www.mataf.net/en/tools/02-01-volatility

This is only a guide, compare it to your charts to see how accurate it is overall.

Guys, you can do this and play with the big dogs, but you must educate yourself and employ the kind of discipline that puts you in the winners circle.

YOU CAN DO THIS (^_^)

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Guest post 1 Money Management - books on forex trading for beginners

Guest post 1 Money Management ~ books on forex trading for beginners

Since I only know what I know, I have invited some other seasoned traders to share some of what they have learned over the years as well. I hope that you will find these posting helpful. As always take it slow, be patient and exercise discipline.




Subject: Money management

Hi Traders Friend,

Ill focus this post on money management which is one of the most important parts of trading. The first rule of money management is to preserve your capital. Simply stated, be patient and wait for a good setup according to your own strategy.

Professional traders only risk between 1% to 3% per trade. I personally risk 2% per trade. So how can you determine your risk and keep it between 1% to 3%? I personally use a website calculator at:

http://www.facebook.com/l/a4c62;www.forexhit.com/calculators/aec/allocation-efficiency-calculator.htm


You can pay for a calculator that you can download but the good ones cost about $ 100. Or you can use a free one on a web page. The choice is yours.

You need to know how many PIPs you may have to loose in order for the trade to be invalidated. This depends on your level of tolerance, your trading style, and your trading system. That is another lesson in itself so lets just stick to the task on hand. :)

So lets say you have $ 2,500 in your account and your risk for the trade is 50 PIPs. If you risk 2% of your account for the trade you can only trade one mini lot for that trade. If your risk for the trade is 25 PIPs with the same amount of capital than you would be able to trade 2 mini lots.

If you only made 25 PIPs per week profit, in less than a year you will double your account. Just 25 PIPs per week. You dont have to hit "home runs" every time to grow your account in a substantial way. Nor do you need to risk a large amount for every trade to grow it substantially either.

By keeping your risk low, when you get on a loosing streak (also called a draw down) you can take quite a few hits in a row and not do severe damage to your account and to your trading psychology. Every person and every trading system has draw downs. George Soros and Warren Buffett have had plenty of draw downs, but they keep their risks low and are still Billionaires.

I hope this quick post helps you to start understanding the basic principles of money management.

Alexander.

Get 10 Trading Lessons FREE Click Here


This blog is not in anyway an enticement or solicitation to trade in the Forex Market. These tips are for informational purposes only and are not to be substituted for legal advice or council. I have written this blog in hopes that it will help you to avoid some of the terrifying pitfalls I had in the Forex Market before I learned better.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you need for living expenses and cannot afford to lose.
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TOOLS OF THE TRADE - books on forex trading pdf

TOOLS OF THE TRADE ~ books on forex trading pdf

My Friends, as most of you know, I am not the biggest champion of indicators; however I do know how to use them. I am creating this post for my Friends who want more information about different technical tools. I hope you find this very useful. If you have any questions about anything you have seen here you know where to find me. Also you may check out my youtube page that has videos that I think are helpful for both newer and seasoned traders. http://www.youtube.com/user/TRADERSFRIEND.
Education will help you to do what you need to do with Forex. NEVER STOP LEARNING!!!!!

17 Moneymaking Candlestick Formations You Can Use Today Click Here

Fibonacci... its a technical tool that can make you rich. Click Here

Double Tops and Pivot Points explained! Click Here

Traders Whiteboard #4 Click Here



For all of my Friends who were seeking to broaden your understanding, I hope this helps. Thank you for all of your kindness and support always.

Happy Trading My Friends!

If you have any questions, you may reach me
at TradersFriend@yahoo.com


This blog is not in anyway an enticement or solicitation to trade in the Forex Market. These tips are for informational purposes only and are not to be substituted for legal advice or council. I have written this blog in hopes that it will help you to avoid some of the terrifying pitfalls I had in the Forex Market before I learned better.


Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you need for living expenses and cannot afford to lose.
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Foreign Exchange Markets What You Need To Know - forex trading 5 min chart

Foreign Exchange Markets What You Need To Know ~ forex trading 5 min chart

The foreign exchange markets are situated all around the world. Currency trading is a global activity. Every country in the world uses money and needs to change that money into other currencies in order to trade or interact with other nations. 

Currency exchange happens at every level of society. As an individual, you may have changed money when traveling on business or on vacaation. Or maybe you have sold something on eBay to somebody in another country. Their payment comes in to your account in their own currency, and the bank or other payment processor such as PayPal changes it for you. That is currency exchange at the root level.

Foreign exchange or forex trading has a different purpose, however. When you are trading on the foreign exchange markets you are not buying another currency because you need it. You are buying it in the hope that it will rise in value, so you can change it back and end up with more money than you started out with. 

Of course, it is risky. The price movement could go against you and then you would end up with less money instead of more. So you will want to gather plenty of information about currency trading before you start.

Forex trading began in the 1970s when the major currencies were deregulated so that their values were no longer fixed. The banks and large investors quickly saw the potential for making money from the changing prices. 

The main forex marketplaces are the big financial centers of the world. London sees the highest activity with New York second and Tokyo third. Other major players are Sydney, Zurich and Frankfurt. 

Originally you had to be in one of those places to trade money, or at least have a telephone connection with a broker who was there. It was very difficult for somebody who was not on the spot to act fast enough to react to the sudden fluctuations in price that can happen in the forex markets.

But modern advances in technology have changed all of that. Since the rise of the internet it has been possible to trade on your own account from anywhere. This means that it has become easier and easier for the little guy to get a piece of the action. 

While some people never think about foreign currency from one overseas trip to the next, others are studying charts and financial information or even using automated software in the form of forex robots to make money from the rising and falling prices with the aim of becoming financially free by trading on the foreign exchange markets. 

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Why We Trade Forex Learn Forex Trading Video Tutorials Lesson 2 - forex trading for beginners tutorial

Why We Trade Forex Learn Forex Trading Video Tutorials Lesson 2 ~ forex trading for beginners tutorial

Learn How to Make Money Online from home. My channel will help you to start your online business from home. This is the first video tutorial on what is Forex? I will help you learn forex trading from home in my video tutorials. Subscribe my channel.
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How To Trade With Stochastics - forex market chart pattern

How To Trade With Stochastics ~ forex market chart pattern

The stochastic oscillator is a momentum indicator to compare the closing price of a commodity to its price range over a given time span. The idea behind this indicator is the prices tend to close near their past highs in bull markets, and near their lows in bear markets. Transaction signals can be spotted when the stochastic oscillator crosses its moving average.

Two stochastic oscillator indicators are typically calculated to assess future variations in prices, a fast (K) and slow (D). Comparisons of these statistics are a good indicator of speed at which prices are changing or the Impulse of Price.

The two Stochastics lines:

- K – Is the main line and is usually displayed as a solid line

- D – Is simply a moving average of the K and is usually displayed as a dotted line

There are two well known methods for using the K and D indicators to make decisions about when to buy or sell stocks. The first involves crossing of K and D signals, the second involves basing buy and sell decisions on the assumption that K and D oscillate.

In the first case, D acts as a trigger or signal line for K. A buy signal is given when K crosses up through D, or a sell signal when it crosses down through D. Such crossovers can occur too often, and to avoid repeated whipsaws one can wait for crossovers occurring together with an overbought/oversold pullback, or only after a peak or trough in the D line. If price volatility is high, a simple moving average of the Stoch D indicator may be taken. This statistic smoothes out rapid fluctuations in price.

In the second case, some analysts argue that K or D levels above 80 and below 20 can be interpreted as overbought or oversold. It is recommended that buying and selling be timed to the return back from these thresholds. In other words, one should buy or sell after a bit of a reversal. Practically, this means that once the price exceeds one of these thresholds, the investor should wait for prices to return back through those thresholds (e.g. if the oscillator were to go above 80, the investor waits until it falls below 80 to sell). In currencies we mainly use the Stochastic Oscillator on the 15 and 60 minute charts.

Use Stochastics in Trending market The key is when the market is trending up, we will look for oversold conditions (when the Stochastics fall below the oversold level (below 20) and rises back above the same level) to get ready to trade, and in the same way, when the market is trending down we will only look for overbought conditions (when the Stochastics rise above de overbought level (above 80) and falls back below the same level.

Use Stochastic in Trend-less market

- Buy when K falls below the oversold level (below 20) and rises back above the same level.

- Sell when K rises above de overbought level (above 80) and falls back below the same level.

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MULTI TIME FRAME TRADE ADVICE INDICATOR - basics in forex trading

MULTI TIME FRAME TRADE ADVICE INDICATOR ~ basics in forex trading

Trend_alex is a multi timeframe indicator to identify the trend. Its advantage is the advice to open trade or wait for better moment, Trend Indicator Alex is very simple to use and fits any trader. By default it measures trend in 3 timeframe : 15M, 1H and 4H

Rule to enter trade is very easy, just follow the text displayed on your chart, Buy/sell when it tells you to buy/sell and there are 3 level to take profit displayed on the right side to help you decide when to exit the trade, example is below :

If you buy this system, you will receive the Super Trend Norepaint Signal  FOR FREE
Price is 27 USD, no limit, no expiry, instant download 

Any question, email to marketivaster [at] gmail [dot] com
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7 Tips For Choosing Forex Brokers - forex market maker chart indicator

7 Tips For Choosing Forex Brokers ~ forex market maker chart indicator

The more we live the more we find out that we are dependent on many things besides our wits. Smartness will only get us so far, but unless we make use of systems set up for our convenience we are apt to fail. This is so with the Forex market. The way how the market works means we have to work through a broker or a market maker to get our trades started and completed. You can find Forex brokers in every part of the world just as you will find currencies traded in almost every corner of the globe. 

However, you should consider a few points when you go out shopping for the right broker to help you with your trades.

1.  Qualifications. Probably the most important thing of all is ensuring the Forex broker you use has the correct qualifications. Therefore, choose a broker registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM). This means that you have legal protection against any abusive trading practices and scams that may arise.

2.  Is the broker regulated?  This means that when you sign up to use their services you will have protection and insurance against any internal fraud. Also, your funds will remain separate from the brokers operating funds.

3.  What business model does the broker use?  Some brokers are market makers while others are ECN brokers, providing a dealing desks for many traders.

4.  Look at the types of spreads they offer.  The spread is the difference between the bid and ask prices of the currencies you trade. Brokers do not make a commission on your trade, instead they take the spread as compensation.  Your broker may also offer fixed or variable spreads, and they can be different for large accounts and miniaccounts.

5.  Slippage.  Can they provide you with details of just what slippage they would expect to occur during normal and fast moving markets?

6.  Margin requirements.  What is their margin requirement. That is,  what percentage of the investment in your trades do they expect you to pay to open a trade. You also want to know about their margin calls, and the time you need to respond to such calls.

7.  What is their Rollover Policy?  Do they have any minimum margin requirements which they use to earn interest on any overnight positions?  Plus, do they have any other requirements or conditions about you earning interest on any rollovers. 

Once you have done your research and have selected one or more Forex brokers, then it is time to set up your trading account. When your funds clear you can begin trading. Remember to read carefully the trading instructions to know  how the broker can help you manage your trades. If you overlook some relevant details, you can lose money on your first trade. So take the time to read the details and ask the brokers  or their support staff any questions you may have before you open your first trade.

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BEFORE YOU TAKE THAT TRADE - best forex trading books 2013

BEFORE YOU TAKE THAT TRADE ~ best forex trading books 2013

STOP!!!!!!!!!!!! before you enter that trade:

Did You see how far it was from yesterdays support or resistance?

Is it ascending or descending steps?

Did You draw Yourself a trend line?

Did You wait for a proper trade set-up?

Are You going in harmony with Your current trend?

If You are going against the trend, did You ask Yourself,
"How far am I from the trend line?"
"Is this signal strong enough to make it worth the risk?"
"How far along is this trend?"

"What is an appropriate stop if I am wrong?"

These are a few questions You may want to ask Yourself prior to entering a trade (^_^)

YOU CAN DO THIS (^_^)

Get 10 Trading Lessons FREE

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How To Be A Foreign Exchange Trader - forex market profile charts

How To Be A Foreign Exchange Trader ~ forex market profile charts

Being a forex or foreign exchange trader no longer means you have to work for a bank in one of the worlds financial centers. These days you can trade on your own behalf, from anywhere. 

Since the rise of the internet many people are doing this from their own homes, making money in their spare time or even making a full time income. But what is forex trading and how does it work?

A foreign exchange trader deals in currencies. He or she will sell one currency that seems to be falling in value, to buy another that seems to be rising. There are always two currencies involved in a trade (a currency pair) because when you want to buy dollars you have to have another currency to exchange for them. 

In the beginning it is best to be involved with just one currency pair. Most people start out trading in the EUR/USD market, that is the euro against the US dollar. This is the biggest forex market. There is plenty of information available for this market and it tends to have lower costs and be relatively stable. 

Nevertheless forex is a very volatile market. This means that the prices can rise and fall steeply and quickly. The risk is high. It is easy to lose money. In fact, some losses are inevitable, so you should manage your account so that you never risk too much on one trade. You can use stop losses so that your broker will automatically sell if the price goes a certain way against you. The aim is not to have no losses, but to make sure that your profits are higher than your losses so that you end up with a net gain.

You will need access to a computer with a high speed internet connection any time that you want to trade. Unless you use a robot to control your currency trading, you will also need time where you can concentrate on learning a profitable system and then on trading itself. You pretty much need to be able to lock yourself away in a room to do this, at least for a couple hours a day. It is no good trying to trade from your desk at your day job with your boss interrupting you, or using a computer in the family den with kids climbing on your knees wanting to play games. You must be fully concentrated on the movements in the market or you could miss the right moment to either open or close a trade.

If you are a cautious person who likes a solid investment with predictable low returns, you should not become a currency trader. Forex traders are people who enjoy risk and love the challenge of trying to turn a profit in a fast moving market. 

It helps if you are strongly focused on your goals and not easily swayed by emotion. It is important not to let fears of losses or dreams of huge wealth divert you from your strategy. You also need to stay aware of financial news, not only in your own country but in all of the major world powers, because this will affect the forex markets. With these characteristics and a good trading system in place, a foreign exchange trader can reap substantial gains from his or her investment.

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Learn How You can Make Gains from Using the Forex trading Grid Technique - charts of forex trading

Learn How You can Make Gains from Using the Forex trading Grid Technique ~ charts of forex trading

The most important part of how to make money using the no stop, hedged, Forex trading strategy will now be covered. In the preceding articles in this series we reviewed trading without stops, not being concerned about which way the price moves and places to cash in on profitable transactions. We are now going to show how you would make money buying and selling simultaneously using the grid strategy.

The no stop, hedged currency trading grid system uses the rule that one should be able to close a transaction at a gain no matter which way the market moves. The only way this is logically possible is that one would have a buy and a sell transaction active simultaneously. Most traders will say that doing this is not recommended but let’s look at this in more detail. 

Assuming a grid with grid gaps of 100 pips. We are going to use the simplest formation to show the principles involved. This formation is the 100% retractment formation where the price goes up to a grid level and then returns back to the starting grid level. Regrettably things become quite mathematical from here. We are also ignoring broker spreads to keep things simple. 

Let us say that a trader enters the market with a buy (buy 1) and sell (sell 1) deal active when a currency is at a level of say 1.0100. The price then goes to level 1.0200. The buy will then be positive by 100 pips. The sell will be negative by 100 pips. Now we would cash in our positive deal and bank our 100 pips. The sell is now however is carrying a loss of -100 pips. The grid system requires one to ensure that the trader can cash in on any movement in the Forex market. To do this one would again enter into a buy (buy 2) and a sell (sell 2) deal at this level (level 1.0200). 

Now, for convenience let us say that the price moves back to level 1.0100 (the starting point). 

The second sell (sell 2) has now gone positive by 100 pips and the second buy (buy 2) is making a loss of -100 pips. According to the grid trading rules you would cash the sell (sell 2) in and another 100 pips will be added to your account. That brings the grand total cashed in at this point to 200 pips (buy 1 and sell 2). At this stage the first sell that is active has moved from level 1.0200 where it was -100 to level 1.0100 where it is now breaking even. 

The 4 transactions added together now  incredibly show a gain:- 1st buy (buy 1) cashed in +100, 2nd sell (sell 2) cashed in +100, 1st sell (sell 1) now breaking even and the 2nd buy (buy 2) is -100. This gives an overall a gain of 100 pips in total. We can liquidate all the deals and have some champagne as we have made a profit of 100 pips.

Please make sure you understand the mathematics behind the activities discussed above. You may have to reread and draw the movements on a piece of paper to make sure you understand the concept. 

This formation is the 100% retracement formation where the price goes up to a grid level and then returns back to the starting grid level and results in a nice profit for the forex trader. There are many other market movements that turn this strange Buy and Sell at the same time activity into profits. The next article will cover the 50% retractment formation which produces the same amount of profit.

There will be much more on the no stop, hedged grid trading system in future articles in this directory. Do not miss them, whatever you do.

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RSI ADX BOLLINGER COMBINED SYSTEM MT4 INDICATOR - indian forex trading basics

RSI ADX BOLLINGER COMBINED SYSTEM MT4 INDICATOR ~ indian forex trading basics

Hello

Today I would like to bring you a useful beautiful mt4 indicator named JOGET invented by an savvy Indonesian trader with nick name masemus.

The system use a combination of these basic technical indicator RSI, ADX, BOLLIINGER BAND to help generate as highly accurate as possible entry point. It will also display useful info like trend, Pivot point, broker time, your computer time, and 3 levels to take profit .......

How to use the RSI ADX BOLLINGER COMBINED system, just click the screenshot below to see :

Its free download and free to use without any limit at this link JOGET2U

The file is compressed with password, to view the password, scroll down to the comment area after clicking here RSI ADX BOLLINGER SYSTEM INDICATOR

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Forex Market Hours Can You Trade Currency 24 7 - trading forex using chart patterns

Forex Market Hours Can You Trade Currency 24 7 ~ trading forex using chart patterns

The forex market hours stretch from Monday morning in Sydney, Australia to Friday afternoon in New York. During that time the market is open somewhere around the globe at all hours of the day or night. 

However it is not a 24/7 market because it does shut down on weekends. 24/5 would be more accurate.

If you need to know the exact times that the markets open and close, you have to take time zones into consideration. It is very simple when expressed in UTC. This is Universal Coordinated Time, formerly known as Greenwich Mean Time. This is the standard (winter) time in Greenwich, London which is the point of zero longitude on the globe. 

So, the normal forex market hours are 22.00 Sunday UTC to 22.00 Friday UTC. This is 10 pm in the UK in winter time. 

New York is 5 hours behind the UK so the global forex market opens and closes at 5 pm Sunday/Friday in New York, 2 pm on the US west coast, 11 pm in Germany, 8 am Monday/Saturday in Sydney.

Things get a little complicated when you start to try to take summer time daylight saving into account. This makes one hour difference in countries that observe it. But daylight saving operates in a different way in the southern hemisphere countries such as Australia which have summer time from September to March instead of March to September. 

The hours of the different major national markets are as follows:

Sydney: 10 pm to 7 am UTC

Tokyo: 12 midnight to 9 am UTC

London: 8 am to 5 pm UTC 

New York: 1 pm to 10 pm UTC

Or we can express that in EST (Eastern US time):

Sydney: 5 pm to 2 am EST

Tokyo: 7 pm to 4 am EST

London: 3 am to 12 noon EST

New York: 8 am to 5 pm EST

You can see that these correspond to 24 hour cover.

However, this does not necessarily mean that trading will be good at all of these times. Just after a major market opens, the prices can be very volatile and unpredictable. Many traders will stay out of the forex market for up to an hour four times a day when the financial markets are waking up in these major cities. 

The US dollar is the most traded currency by a long way, involved in 2.5 times as many trades as its nearest rival the euro. This means that events in the USA have a greater impact on the financial markets than events in other countries. The New York market tends to slow down around 3 pm local time (8 pm UTC) and if you are involved in a US dollar pair, this can be a good time to stop trading for the day.

So theoretically you can trade 24 hours a day from Sunday night to Friday night. Automated software in the form of a forex robot can even make this physically possible. However, a cautious trader will choose his times and will not be active during all of the forex market hours.

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