Forex Pips and Spreads - trend trading forex books

Forex Pips and Spreads ~ trend trading forex books

Forex " Pips and Spreads "

As you start to learning concerning Forex mercantilism, you are absolute to come upon several new terms. 2 of the foremost usually used Forex words square measure "pip" and "spread." These have distinctive definitions in reference to currency mercantilism, and for beginners, we have a tendency to wished to assist you higher perceive what every of those terms mean.

What is a Pip?

In Forex mercantilism, a pip - that is brief for "price index point" - may be a numerical price that represents the number AN charge per unit has modified over a amount of your time. So a currency pair gains or losses pips over time.
In the majority of currencies, pips are priced to four decimal points, meaning one pip is .0001 and two pips is .0002. So if you closed a trade in USD/CAD at 1.3320, after a 20-pip gain, the new value would be 1.3340.
Japanese yen, though, is an exception, as JPY is not priced to four decimal points. JPY is priced to two points. So a JPY currency pair, like USD/JPY, might be 122.50. In this scenario, one pip is .01 and two pips is .02.
Finally, some brokers offer fractional pip values out to 3 or 5 decimal points, which are referred to as pipettes. Pipettes are equivalent to 1/10 of one pip.

Calculating Pip Value


When we talk about currency pairs, we might say that USD/CAD has gained 20 pips over a certain period. But what is the monetary value of those 20 pips? This requires some basic calculations, but the math is pretty straightforward. To determine the pip value, youll need the:

Currency pair 

Size of trade 

Closing exchange rate

So for example, if you closed a $100,000 GBP/USD trade at 1.5188 after a 20-pip gain, you would calculate the pip value by first determining the number of U.S. dollars each pip represents. In this case, the equation is 100,000x.0001 or each USD equals 10 pips. Then, you would calculate the price per pip in GBP using the closing exchange rate - or 10/1.5188 = 6.58 GBP per pip. Finally, calculate the value in GBP the currency pair has changed to determine profit or loss - in this example, it would be 20x6.58= 131.60 GBP.

What is Spread?

In Forex lingo, the "spread" refers the difference between the buy and sell prices for the currency which are set by brokers. These values are often referred as the "bid" and "ask" price, and in the simplest terms, these are the prices that brokers are offering to buy and sell currencies to a trader.

Brokers always offer lower bid prices than ask prices, because this is where the broker makes money. So for example, the bid/ask prices for EUR/USD might be 1.0757 and 1.0761; the currency pair is said to have a 4-pip spread. That means if you entered into a trade and immediately liquidated that trade at the same exchange rate, you would record a loss and lose money. In general, close spreads are better for traders, because its easier for a trade to become profitable. For example, if the spread of a pair was 55 pips, a 20-pip gain would lose the trader money; but if the same pair had a 4-pip spread, that trader would be up 16 pips after closing the trade.

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SAVE YOURSELF!!!!! - forex trading books beginners

SAVE YOURSELF!!!!! ~ forex trading books beginners

Last week we got a huge surprise in the market when the bank of Japan intervened to devalue the yen against other major pairs. Most traders were caught on the wrong side of the trade. Many took huge losses and some of them let their account be blown up.

Guys when bank volume starts to move price, You may not get a pullback to take a smaller hit. If You dont have volume on your platform, You can recognize bank action by price that moves one way almost continually without much retracement. Price will get to a resting plateau and rest before exploding again in the direction of the previous price action.

Many of us will sit at our screens, cursing, praying, begging, but the best thing to do is to save yourself, by cutting bad trades quickly. DONT DEPEND ON THE MERCY OF THE BANKS TO DO IT!!!!!! THEY ARE OUT TO EAT YOUR LUNCH ALWAYS ! THEY ARE YOUR ENEMY, AND THEY ARE RUTHLESS WITHOUT MERCY!!!!!

What happened last week was nothing more than a market shake out, it happens to traders about 3-4 times a year. The last big one in May 2010 saw a drop of up to 1000 pips in 24 hours.

What can You do to save yourself from this kind of adverse action.?????????????

#1. DONT LEAVE OPEN POSITIONS! Trade what You can see. When You are not in the market take your money out with You. That way You can save on all of those foul words to Your broker when he tries to explain the price slippage that caused price to go beyond Your stop loss.

#2. If You must leave trades opened, put in a physical stop losses..

#GRANDDADDY OF THEM ALL!!!!!!!!!

NEVER LET LOSSES RUN !!!!!!

NEVER LET LOSSES RUN !!!!!!

NEVER LET LOSSES RUN !!!!!!

CUT THE LEGS FROM UNDER THAT BEAST AS SOON AS POSSIBLE!!!!!!!!!!

Two things are essential if You are going to enjoy a very successful and lucrative trading career.

#1 Wait for a proper trade set-up

#2 Learn to save yourself. CUT BAD TRADES QUICKLY!!!!!! So what if it comes back in your favor, many times it will, but it only takes one good shakeout to leave your lifestyle in jeopardy.

Cut bad trades to leave the most capital possible for a more profitable trade set-up. THE MARKET IS VERY VERY GENEROUS, IT WILL ALWAYS GIVE YOU ANOTHER OPPORTUNITY TO MAKE SOME PAPER, BUT YOU HAVE TO CUT YOUR LOSSES QUICKLY SO THAT YOU HAVE THE MAXIMUM CAPITAL TO TAKE ADVANTAGE OF THE RIGHT OPPORTUNITY WHEN IT PRESENTS ITSELF!!!

The market is swim, float or sink. Dont let them sink You. SAVE YOURSELF!

YOU CAN DO THIS (^_^)

Get 10 Trading Lessons FREE

http://www.ino.com/info/447/CD4033/&dp=0&l=0&campaignid=6

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Online Forex Make Money With Binary Options - forex trading books urdu

Online Forex Make Money With Binary Options ~ forex trading books urdu

Online Forex " Make Money With Binary Options "

 Binary choices commerce is incredibly well-liked in several developed countries round the world. By commerce Binary choices on-line, youll be able to create some important amounts of cash through stocks and shares, currencies and commodities like Gold and Silver. The distinction between creating plenty cash|of cash " consistently and losing money is incredibly slender. So, dont let frustration keep you from realizing your final goal. keep in mind that therell be lumps on the method, however therell even be victories, and also the lumps create the victories feel most sweeter.

Here square measure 5 tips about a way to create cash with Binary choices. the following tips could improve your possibilities of constructing many current wining trades.

1- Broaden your horizons on trades - you must not place all of your eggs into one basket. after you square measure planning to sign language up to any Binary choices web site, you must check that to position an enormous variety of various Binary choice Trades. From these choices positively youll able to decide a web site that gives you the suitable form of trade that you simply have researched yourself and one which will make sure you get a profitable trade. youll be able to select Forex commerce choices to minimize your risks.

2- select associate applicable Broker - youll be a freshman or associate expert; you must choose a broker to position your trade. Brokers square measure like mentors. they need a good vary of various account varieties, associated its vital that you simply opt to open an account that may provide you with access to the utmost edges and extras supported the amount and volume of trades you place. If you ideally take into account gap up accounts with a decent broker, theyre going to give you a welcome bonus, which is able to massively increase the worth of your initial deposit.

3  understand the potential gains - during a usual sense, after you square measure allowing creating an acquisition of enormous price tag value item, youll forever research to confirm you get the most effective deal potential. you must take into account this on these trades as youll be able to discover gains in each single trade you are doing arrange to place.

4- Attain the Binary choice Bonuses - one amongst the simplest traditions for the investors to lock in vast profits once they begin to trade Binary choices on-line is attaining full advantage of the various varieties check in bonuses.

5- Avoid Tips and Gossip - In such unsure trades like stocks or binary choices, everybody likes to hear gossip and charming stories or tips. completely different on-line sites additionally give you commerce tips and hearsays. you must not take them seriously because; theyll neer provide you with a guarantee to win the choice.

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Ivy bot discount 120 only 5 copies - forex trading basics tutorial

Ivy bot discount 120 only 5 copies ~ forex trading basics tutorial

Only 5 copies remains, grab it here ... Ivybot Instant Free Download, top EA

Why does IvyBot succeed while all others fail?

The reasons are endless, but one prime cause stands out.

Back tests ALONE are worthless...
Period, end of story.

We dont ONLY rely on back test results !

Here is why... As you know, the markets constantly change.
IvyBot is intuitive enough to recognize not only major shifts in market patterns, but minor ones too!

Simply put... a Forex trading robot that made money in a back
test a few months ago probably will not work today.

Let us be clear, IvyBot back tests are amazing.

However, the best results are found in real day to day trading.

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Confirm your main trend with LMT Forex Formula - trading forex for beginners - the basics

Confirm your main trend with LMT Forex Formula ~ trading forex for beginners - the basics

L.M.T Stands for Low Maintenance Trading. The L.M.T Forex Formula is a trend following system that requires little time to manage and trade.
The L.M.T Forex Formula was originally designed for trading the Daily charts but can also be used very profitably on the 4 hour charts.
If you currently have a demanding day job but still wish to trade Forex then you will want to focus on the daily charts. This allows you to only check your charts for 10-15 minutes a day (at the close of the daily candle). Trading the daily charts will also provide you with very profitable trades sometimes netting anything between 100 and 2000 pips profit. Trading 10-12 pairs on the daily charts you can expect around 8-10 trades a month which is 2-3 trades a week on average.
If you have more time to spare you may wish to drop down to the 4 hour charts
giving you plenty of opportunities to trade, however this will also require a lot
more time managing the trades as they progress.
Yesterday , I noticed a perfect WolfWave pattern , so I sold 3 lot E/U and made nice profit, the decisions were confirmed by LMT forex Formula. 

Needless to say much about this hot forex system, it help you detect and confirm the main trend so you will always feel at ease when open new positions, we always go with the trend, Get LMT Formula.
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Swing Strategy With Chart demonstration - trading forex online scams

Swing Strategy With Chart demonstration ~ trading forex online scams

Time frame: 30M and higher I prefer 1H
Currency: Any
Indicators:
Bollinger Bands_stop_v2 ( length 20)
Hieken_Ashi_Smoothed
Fisher ( period 30 )
  
Download: Swing.rar
                  Fisher No Repaint

TRADING
Long: buy when all blue and fisher above zero
Short: sell when all red and fisher lower than zero
Exit: when fisher change color
Stop loss: in long down the bollinger_bands, in short above bollinger_bands.

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Multiple Time Frames combine with RSI and support resistance - forex trading charts eur/usd

Multiple Time Frames combine with RSI and support resistance ~ forex trading charts eur/usd

A technique to improve your trading decisions

Have you ever seen RSI overbought and wonder whether it was the right time to sell? Let’s face it, an overbought reading in a momentum oscillator can merely mean that price is strong and may even turn into an uptrend.

Is it a valid overbought signal? Do you sell? Where do you sell? Where should you place your stop?

Quite often using two charts of different time frames can help. For instance, let us suggest you have seen an overbought reading in the daily chart but there is no bearish divergence. What you can do is look at a shorter time frame chart, a 4-hour or 2-hour chart to see what is happening there an whether a more accurate sell signal can be identified. Let us look at recent example in EURUSD:

Above is the daily chart of EURUSD as it approached 1.3258. Daily Rapid RSI was showing an overbought reading but there was no bearish divergence. From this chart alone we probably couldn’t work out whether there was a selling opportunity or not.

This second image is the 2-hour chart of EURUSD but here it can be seen that the peak at 1.3258 was accompanied by a bearish divergence in Rapid RSI. We are therefore on warning that a reversal can occur and that the daily overbought reading may well be correct.

Next we have to identify a selling level and in this case it is on the break of the price support line which has touched price four times before it finally breaks and this is where we can place our sell-stop. The money management stop should ideally be placed above the 1.3258 high but if this is too high and would cause a large loss then we can look at placing a stop above the rising trend line. However, do note that is a rising trend line and could mean that your stop needs to be raised to allow a possible retest of the line.

In this case the trade would have been very profitable with a decline down close to the daily pivot support which rests around 1.3050. A take profit order can be placed just above this to exit the position at a tidy profit.

Utilizing a lower time frame chart to identify when Bollinger support/resistance will hold

Following on from the first description of using multiple time frame charts to both strengthen your analysis and enable tighter entry and exit trades, let us take another look at using these in a different example.

Many traders like to use Bollinger Bands to try and identify entry signals. The problem I have always had with them is that they only provide approximate support and resistance which causes problems in knowing where you should enter and where the stops should be placed. Not only that but sometimes they just don’t seem to work at all as a support/resistance tool and the judgment of when they’ll work appears purely subjective.

Take a look at the daily chart of GBPUSD:

In the center of the chart we can see that price has declined to the Bollinger low and on first touch it does bounce only to fall below the lower band and does so on three consecutive days. On the day before the absolute low Rapid RSI moves into the oversold extreme. Does this mean we can buy? Maybe. Sometimes it works and sometimes it doesn’t.

So what should we do?

The following chart is the 2 hour chart showing the approach to the low at 1.9400.

On the left of the chart we can see that price falls below two identical lows and these can then be considered as pivot resistance. We then see the three pushes lower and on the daily chart we know that the Rapid RSI went into an oversold extreme.

Do we buy at that point because is looks like the Rapid RSI on the 2 hour chart is developing a bullish divergence? The answer is “no.” Divergences should only be traded on a break of a pattern. In this case we have an intermediate downtrend line and it is only after the final low that price breaks above the trend line and thus confirms the bullish divergence in Rapid RSI. You will also note that following the break above the trend resistance that price reverses briefly to retest the trend line which provides a second buying opportunity.

Following the break of the trend line which was the day after the daily oversold reading price rallies by 200 points. That’s a good profit… Not only that, by waiting and observing the 2-hour chart you can avoid trying to pick the bottom as suggested in the daily chart.

Remember, it is normally best not to try and pick tops and bottoms as these will often provide losing trades. Waiting patiently for the right signal by fine-tuning the entry on a shorter time frame chart can reduce losing trades and make the final trade a more profitable one.

Good luck !

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Daily Forex Forecast 16 Feb (updated) Video - forex trading scams risks

Daily Forex Forecast 16 Feb (updated) Video ~ forex trading scams risks

Please watch daily forex forecast on our channel.Are you satisfied with your current broker???? Join best broker for forex trading with lowest spread for scalping. If you trade on shorter time frames M1, M5, M15, H1 then you can bring your trades quickly into profits. Visit the below link to join it today! https://www.exness.com/a/po0oh1g3
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Ultra short term forex strategy With Chart - forex trading scams in south africa

Ultra short term forex strategy With Chart ~ forex trading scams in south africa

The forex strategy that we will discuss here is an ultra-short term forex strategy useful for trading currency pairs on the 15 minute time frame. It can be used on any asset, but works best with currency pairs that are known to trend greatly.

Details
 This 15-minute forex trading strategy will use the following indicators:
- The 2-day exponential moving average (seen on the chart as the yellow line).
- The 5-day exponential moving average (seen on the chart as the red line).
- The 10-day exponential moving average (seen on the chart as the blue line).
- Forexoma_MACD, which is a modified version of the conventional MACD
indicator. Download: Forexoma-MACD.ex4
 Unlike the conventional version of the MACD, the Forexoma version is specifically colour-coded to ensure that as soon as the bars of the MACD start to show a change in direction, there is a colour change. The essence of this modification is to catch the trend changes much earlier, as it has been found that waiting for the conventional MACD indicator to change from positive to negative or from negative to positive causes a lag which delays the signal.

Long Entry Rules
The entry rules for the long trade are based on the cross of the shorter term EMA over the progressively longer term EMAs.
a) Buy when the 2EMA crosses above the 5EMA, and both 2EMA and 5EMA cross the 10 EMA in an upward direction.
b) The Forexoma MACD line must change colour from red colour to blue colour at the same time that the EMA crosses occur.
The positioning of the stop loss and profit targets is done at the discretion of the trader. However, it is important to mention that this is a trade with a very short term outlook, so it is in order if the profit targets do not exceed 30 pips per trade.

Short Entry Rules
The entry rules for the short trade are based on the downward cross of the shorter term EMA below the progressively longer term EMAs.
a) The trader should sell the currency pair when the 2EMA crosses beloow the 5EMA, and both 2EMA and 5EMA cross below the 10 EMA.
b) At the same time that the EMA crosses occur, the Forexoma MACD line must change colour from blue colour to red colour to reflect the change indirection of the moving averages.

Traders are at liberty to set the stop loss and profit targets at their own discretion. The short term outlook of this trade means that only a few pips should be aimed for at any given point in time, so it is in order to set stops and profit targets at a maximum of 30 pips per trade.

The charts below are illustrations of long and short orders using the strategy we have just outlined.


The chart above shows the three exponential moving averages as well as the Forexoma MACD indicator. We can see two sell and two buy signals, which provide clear identification of how the respective trades should be taken. The 2nd buy signal was not very successful because the asset was in consolidation mode.

 This is another chart which shows what happens when an asset is range-bound; the signals are not reliable as there is no room for the asset to get the volatility needed to generate profits. The only valid trade is the second sell signal which occurred when the asset started to trend lower.

The trade setups are valid as long as the asset is trending. The trader can tell if an asset is trending by checking if the currency pair is making higher lows and higher highs (uptrend) or lower highs and lower lows (downtrend)

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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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Forex Trading Best Broker With Very Low Spread for Scalping Video - forex trading scams malaysia

Forex Trading Best Broker With Very Low Spread for Scalping Video ~ forex trading scams malaysia

Are You Satisfied With Your Broker? I will say "No" you are throwing your profits in the pockets of your broker by paying them high spreads. What If your trades come in to profits within seconds? Visit the below link to register with the forex trading best broker.
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Trading Indicators Can You Use too Many Technical Indicators - forex trading using daily charts

Trading Indicators Can You Use too Many Technical Indicators ~ forex trading using daily charts

To become successful, you really do not have to have several indicators. This is quite ironic but the most effective indicators are those that have been around the longest. Experts suggest that you stay away from complex set-ups and stick on the basic like MACD (Moving Average Convergence/Divergence), Rate of Change (ROC), Relative Strength Index (RSI), Price and Volume Oscillator, and stochastics. 

There are literally hundreds of technical indicators out there and thousands of technical indicators combinations that can be used. But the problem lies on the premise. Since there are lots of technical indicators available at your disposal, you risk yourself of having too much of everything which can lead you with mastering nothing. This begs the question: "can you use too many technical indicators?"

Probably, you have asked the same question too and are trying to find the Holy Grail of combinations that will catapult you to immortality, at least in the trading world. You may test several technical indicators or technical indicators combinations that are suggested by some writings on the internet. But the thing is, there is no single technical indicator combination that is 100% successful. Because if there is, everyone will be using it and everyone will be rich right now. Right?

I am not saying, however, that the internet cannot give you something you can use or the internet is just a virtual world full of crap in terms of information about trading indicators. We cannot deny that the internet has given us the ease of access on several technical indicators and charts, which have made some investors knowledgeable in the field and have actually make others real fortune. What I am saying is that investors should not rely on suggested technical indicator combinations and expect to become successful. What you should do is to learn as much as you can and identify which indicators are suited to your trading style, which in turn, can yield to higher profit or positive curve in the long run.

With that said, you dont have to use several indicators at once. Experts agree on this. Using several indicators at a time will only create confusion. It will only create conflicting information, which is not good if you want to have certainty in your decision.

A good example is using 7 indicators when deciding on your entry and exit positions. Four of them are telling you to enter a long position but 3 are indicating a future downward movement. While majority of your indicators are giving a green light, the other 3 can become a factor. Statistics may be on your side to pursue the trade but you are more likely to abandon it because you still see the risks.

It does not end there. Using multiple time frames can give you different conflicting information which can become a major factor in your decision. More likely, you end up not trading at all because you are afraid to take a position. 

Even with these examples, you have to identify which indicators are suited to your trading style. Do not overcomplicate things. To become successful, you dont have to constantly tryout new indicators in order to find the best combination. All you need to do is to use and master few and simple ones.

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Forex Margin Trading Make More Money With Less - trading forex on weekly charts

Forex Margin Trading Make More Money With Less ~ trading forex on weekly charts

Forex margin trading is a way of applying leverage to increase the purchasing power of your money. Leverage simply means using a small sum to control a much larger sum. This is possible because it is unlikely that the value of a currency will change by more than a certain percentage over a short time. So you can place a few hundred dollars in your brokerage account to trade on the margin - the amount that you think the price will fall. Your broker will in effect lend you the balance.

Trading on margins is also known in stock and futures trading, but because of the special nature of currencies, you can get a lot more leverage in the forex market. Depending on your brokers terms, you may be able to control 50, 100 or even 200 times your account balance.

This can lead to big profits if you are successful, but it can also mean big losses if not. In general, the more leverage you use, the more risky your trading is. 

We can understand leverage and margins if we consider an example.

Imagine that the current rate on the British pound to US dollar forex market is shown as GBP/USD 1.7100. So to buy one British pound you would need $1.71. If you expected the value of the dollar to rise against the pound you might decide to sell enough pounds to buy $100,000. If your broker used lots of $10,000 each, this would be 10 lots. Then you would sit back and wait for the price to go up. 

A few days later you might find that the price had moved to GBP/USD 1.6600. Sure enough, the dollar has risen and the pound is now worth only $1.66. If you sell your dollars now and buy back into pounds, you will have made a profit of 2.9% less the spread. 2.9% of $100,000 is $2,900, so that would be an excellent trade.

But most of us do not have $100,000 spare cash that we want to trade on the currency exchange market. So here is where the principle of forex margins comes into play. 

Since you are buying and selling different currencies at the same time, your own money only has to cover any loss that you might make if the dollar falls instead of rising. And you would put a stop loss into place to limit that loss, so $1,000 might be all you needed to have in your account to make this $100,000 purchase. Your broker guarantees the other $99,000.

In fact many brokers now operate limited risk amounts where the account will automatically close out the trade if whatever funds you have in your account are lost. This prevents margin calls which can be disastrous for a trader because they mean that you can lose more than you have. But with a forex limited risk account that is not a possibility. The brokers software that you use to control your account will not let you lose more than your account balance.

Using leverage in this way is so common in currency trading that you will soon do it without even thinking about it. Still it is important to keep in mind the risks. Lower leverage is always safer and you may never want to go to the maximum forex margin that your broker would allow.

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YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD! - forex trading books in tamil

YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD! ~ forex trading books in tamil

 

Believe Your Eyes

Trading is a psychological warfare that even when you are winning, they are still messing with your head (manipulating your mind).  There are times like doji days when the market is so frustrating that you feel like your head is going to explode. When you crawl away, your emotions are so frayed and you are so battle scarred that you dont know what to do with all of that bottled up frustration and anger.

No matter how much you try to find the edge, it keeps alluding you.  You keep digging a deeper and deeper hole, losing more money,  and the pressure builds until your mind is tied in a knot so tightly that you lash out whether verbally or physically. After this kind of a day of brain-bashing, confidence-shaking, emotional upheaval cause by a choppy market; you are in a kind of market shell shock or psychological trauma.

I dont know all of the answers, but I have a few suggestions when you feel out-of-control.  First push your chair away from your screen and distract yourself with something more relaxing, stress relieving and fun.  Sometimes, you will have to take a day or two off just regaining your focus and rebuilding your confidence.

After you have created the distraction by dancing, working-out, meditating, visiting a friend, going to the movies, etc., come back to good solid forex education like this and reinforce what you know to be true.  Go study those tricky charts, watch videos, talk to other traders,-------DO WHATEVER IT TAKES TO HELP YOU REGAIN YOUR EDGE!

After they have given you a good spin in the blender, the market will usually trend again HARD, but so many traders are still in such a state of shock, panic and anger from the day/week of spinning that they miss the really good trend. 

The most important thing you can do during and after these times is to trade a good plan with consistent discipline even on losing days.  Bad trading days tempt you to abandon good, solid trading habits, but DONT DO IT !  If you abandon a good plan,  when the market comes back - you wont trade it out of fear that the market is going to turn on you again.

The psychological effects of trading can be much more devastating than any amount of money that you lose, it is a sort of mental scarring that can take place after a really hard trading bout, therefore you must trade a good plan consistently.  Cut bad trades quickly and ALLOW YOUR WINNERS TO RUN!!! It maybe hard, but doing these things will give you the edge and KEEP YOU IN CONTROL during the hard times.

NEVER HOLD ON TO A BAD TRADE NO MATTER WHAT........CHOPPY MARKETS ARE SET-UP MARKETS!

YOU CAN DO THIS (^_^)!

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A useful directional oscillator - forex trading charts analysis

A useful directional oscillator ~ forex trading charts analysis

Have you ever looked for an indicator that could provide you with a broad indication of price direction? Well, here’s a nifty little indicator that could help.

It’s very similar to MACD but tends to suffer fewer whipsaws in flatter corrections. The basic concept behind the MACD indicator is instead of using the crossover signals of two moving averages to base signals, it assigns one (exponential) moving average to represent price and a second, longer (exponential) moving average to represent the underlying direction of price.

The problem with just using the crossovers of two moving averages is that the signals can come very late and much of the directional move can be complete when the signal is finally generated.

The MACD, by measuring the width between the averages, is more sensitive to how fast the averages are moving apart (divergence) and also how quickly they are moving together (convergence.)

The drawback of MACD is that it can be so responsive to changes in direction that it can provide a signal too quickly.

The challenge is therefore to devise an oscillator that will remain responsive but avoids some of the premature signals.

Therefore, what I did was use a linear regression average. While all averages have a lag due to the look back period the linear regression average tends to remove some of the lag and move closer with price itself.

What we could do as an indication is merely take the close price and deduct the value of the linear regression average. However, as you can see from the following image it produces a rather choppy result from which signals are not obvious or even useful.

Therefore the challenge was to provide a signal that was more a reflection of the underlying direction. To achieve this I took an average of the linear regression average but to retain sensitivity I used and exponential moving average that gives more weighting to recent values. I used the same period for the exponential moving average as I did for the linear regression average.

Then to avoid whipsaws from price I used a 10 period linear regression average of price. Now, the result is far more useful…

Basically using the crossover of the oscillator through the zero equilibrium line we can generate signals. Very clearly such simple signals are rather raw and we should at least use some basic common sense.

For example, to the middle right of the chart we can see a period of consolidation that caused the oscillator to drop below zero and then recover. When seeing this we should remember that using indicators blindly can make us ignore very simple rules.

We can see that price is consolidating and in these situations it is far wiser to trade on breaks. If price had fallen to break below the first corrective low then it would have been a stronger signal. Until that occurs we can still see that both highs are rising and lows are rising which indicates a potential uptrend.

We may choose to square a long position and then renter once a stronger signal has been generated. If the general trend in a larger time frame (this chart is hourly) we could choose to remain in the position. In this situation it would have paid off.

Good luck !

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How To Make Money 1000 a Week with Auto Binary Options Software Video - forex trading scams in philippines

How To Make Money 1000 a Week with Auto Binary Options Software Video ~ forex trading scams in philippines

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exact buy & sell signals on trading platform.

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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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How to Earn Money in Sideways Market - forex trading on 1 hour charts

How to Earn Money in Sideways Market ~ forex trading on 1 hour charts

The fundamental detail for swing trading is determining a market that is trapped in a sideways trading range (also called a congestion area), or in an up-trending or down-trending channel on the chart (remember, channel!). While taking note by the chart, the trader must be capable to discern some clear support and resistance levels that are boundaries of the congestion field or channel. 

When a market price comes close to the support or resistance area boundary, the trader will set up a position: long if prices are actuating lower and close to the support boundary, and short if prices are actuating higher and toward the resistance boundary. It sounds uncomplicated, but remember, trading comprises numerous surprises. 

The price could break out the support or resistance boundary anytime, therefore skills to reply promptly, or effective money management strategies are always vital features of a veteran trader. Swing trading methods can be practiced in whatever chart time frame -- daily, weekly, monthly and intra-day charts. However, the most generally used timeframe for swing trading is the daily bar chart.

Note that the effectiveness of the support and resistance at the boundaries is commonly influenced by the number of times the market has pivoted at the boundaries. The rule is that the more times a market has reached a support or resistance boundary, and then reversed course, the more powerful is that boundary. It can also be said that the longer continues a channel, the more reliable is that channel. Therefore, a trader prefer to* determine a well-established channel or trading range for which to attempt to swing trade.

An exception to this is a market that has been in a trading range, but is bound by one or two potent spike moves, which also indicate a strong support or resistance boundary. That signifies some congestion areas that could offer a salutary swing-trade opportunity do not require numerous pivot points. As a matter of fact, those one or two spike levels would be determined to be a potentially good pivot area for a market.

The swing trader should still apply tight protective stops. As I remarked, a breakout can occur anytime, might due to bad political news etc…Good money management strategies will keep traders away of troubles. A good area to set a protective stop is exactly outside of a support or resistance boundary that constitutes the trading channel or congestion area. For example, if a market in a trading channel is nearing the upper boundary of that channel, the swing trader would establish a short position and would prefer to place his protective buy stop just above the resistance level that serves as the upper boundary of the trading channel. 

In direct contrast, if a market is coming near the lower boundary, the swing trader would establish a long position and place his protective sell stop just above the support level.

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How I Earned 2400 With Binary Option Strategy In One Day With Proof (updated) Video Part 2 - forex trading for beginners video

How I Earned 2400 With Binary Option Strategy In One Day With Proof (updated) Video Part 2 ~ forex trading for beginners video

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DANCING WITH THE MARKET - forex trading bangla book

DANCING WITH THE MARKET ~ forex trading bangla book

Dancing with the market can often be a frustrating experience because it is constantly attempting to trip You up on the dance floor.

To make Your dance experience a little more pleasant, You must develop the discipline of a Master Trader.

You must be willing to severe trades that are working against You.

You must be willing to wait for proper trade set-ups.

You must continue to educate yourself.

The market is fickle and temperamental, some might even call it bipolar. Sometimes it is up, sometimes it is down. As a trader You must tread lightly and follow the varies moods of the market until You can see an advantage.

As a trader You only have two jobs when You engage the market in dance.

#1 Keep from being tricked........

#2 Try to put a little money in your pocket...............


That is it!!!!!!! It is as simple as that (^_^)

YOU CAN DO THIS (^_^)

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