Behavioral finance we can all use - forex trading systems revealed

Behavioral finance we can all use ~ forex trading systems revealed

In their new book "Nudge: Improving Decisions About Health, Wealth and Happiness", U of Chicago economist Richard Thaler (of behavioral finance fame) and Harvard law professor Cass Sunstein gave a few pieces of personal finance advice, one of which coincided with my point in a previous post: buy insurance with the largest deductible available. The others are: dont invest much in your employers stock, dont pay points on mortages, and dont pay for extended warranties. The book is reviewed in the NYT Book Review.
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FORECASTING TOOLS THAT ALL FOREX TRADERS NEED - forex envelope profit system trading made easy

FORECASTING TOOLS THAT ALL FOREX TRADERS NEED ~ forex envelope profit system trading made easy

The Candlestick Signal and Patterns in the Trading Manual are extremely powerful in forecasting and taking advantage of the Currency Market each week. However, even if you are a Swing Trader or Day Trader with your own trading strategy, the power of these tools to accurately predict major market movements will definitely enhance your trading success.

The Daily and the 4 Hour Charts are undoubtedly two of the most significant time frames in the Forex Market. This therefore means that breakouts and reversals that take place on these charts have a major impact on the other time frames you trade on and your profitability in general. By ignoring them as Day Traders, you could be caught by surprise with reversals that appear out of nowhere while as Swing Traders, you could miss additional signals that provide even more trading opportunities.

There are various patterns of Candlesticks that have been identified to predict the formation of Consolidations as well as when reversals of several hundred Pips will take place. Once you incorporate these into your Trading Plan, you can be better prepared to exit at the right moment before the market has a chance to take away your gains.

FORMATION OF CONSOLIDATION

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 CONSOLIDATION FORECAST - CAD CHF 
SEPTEMBER 2, 2015

(FXCM Charts are used for Chart Analysis &Signals as these use the New York Close of the Daily Candle - crucial for Price Action/Candlestick Strategies)

ACTUAL FORMATION OF CONSOLIDATION 

DECEMBER 10, 2015

(FXCM Charts are used for Chart Analysis &Signals as these use the New York Close of the Daily Candle - crucial for Price Action/Candlestick Strategies)

ACCURATE EXITS AHEAD OF SHARP REVERSALS
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SHARP CHF GAINS IN JANUARY 2015

(Actual Trades done using the Dukascopy Trading Platform)

 CHF JPY TRADE IN NOVEMBER 2015

SHARP REVERSAL CHF JPY IN DECEMBER 

EURO JPY TRADE IN NOVEMBER 2015

SHARP EURO JPY REVERSAL IN DECEMBER

As you can appreciate from these examples, the ability to forecast Consolidation and spot reversal points will help you to maximize trading gains and side-step the traps that lead to major losses. This is why it is extremely important for all types of traders to utilize and understand the dynamic behind the Larger Time Frames. It is very easy for us to get caught up in getting as much out of a trade as possible especially after a recent loss. However, knowing when it is necessary to cut our profits before they turn into losses will be the determining factor in your long-term success.

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Forex Made Easy Tips For All Traders - george soros forex trading system

Forex Made Easy Tips For All Traders ~ george soros forex trading system

Maybe youve already heard of Forex trading and of the stories of success of many Forex traders becoming rich overnight from profitable deals, but whether it?s true or not, Forex trading is still a very high risk business endeavor to participate in. If you are not fully prepared in dealing with all its intricacies you could end up on the losing side. To help you make the most out of currency trading and generate profits while minimizing losses, you may need to follow some Forex Made Easy tips.

* Get yourself a Forex trading education. First rule before going ahead with any business venture involving your hard earned cash is to know beforehand what?s in store for you so youll know how to navigate your way on it safely and properly once you are confronted with obstacles and other deterring factors. You can do this by enrolling yourself in a Forex trading program, either in a school or university or by enrolling in an online course offered on the Internet by various Forex experts. By learning how and what makes the Forex market and Forex trading work as a whole will enable you to act accordingly to the different influencing factors related to your trading and thus make you do more profitable transactions rather than losing ones.

* One secret why many traders gain knowledge and experience more quickly than others is that they regular practice the art of trading through paper trading. Through this method, they quickly assimilate the proper methods and techniques to use that lead to more profitable conclusions. Software programs of this nature, with its strategies and techniques, can be purchased or downloaded for free on the Internet. Making money from Forex trading, as well as losing it is a common everyday event. To let you be on the winning side of things, practicing paper trading will let train to become an adept trader once you start doing actual Forex trading and keep the odds in your favor.

Its important beforehand to always have a disciplined mind with all your trading activities no matter how positive or negative the results are. Undoubtedly, you will find yourself making profits at some time or another but shouldnt become too overconfident when this happens. Sad as it may be, you will also incur losses - but the point is to keep these at a minimum at all times by staying disciplined and focused and by sticking to your mapped out plan of action at all times.

By simply reading this Forex Made Easy guide, you will view Forex trading in a new light which will surely enable you to be more successful in your trading. If you remember at all times to follow the above guidelines and also to be in control at all times and not the other way around, youll surely be making more and more profitable deals in the near future.

By Bart Icles
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How Forex Affects Us All - forex killer trading system

How Forex Affects Us All ~ forex killer trading system

by: Geri Mason


You may not be involved in Forex trading directly, but the fact remains that you are affected by what occurs in foreign exchange trading every day.

Here are some examples of how this constant flow of currency trading makes an impact on your daily life.

Perhaps the most obvious impact is that currency trading makes an impact on the price you pay for goods and services.

Should you happen to live in a country where the comparative value of your currency falls in comparison to that of other countries, you could find yourself paying a higher price for items that you are used to purchasing at a relatively inexpensive rate.

The reason is that the rate of exchange for imported goods would have changed and chances are the brunt of that change will be passed on to you, the consumer.

These goods may include anything from petroleum products to underwear.

Another way that changes in trading currency impact you is the simple ability to obtain goods and services.

A severe enough change in the rate of exchange could mean that it is no longer viable for certain types of business commerce to continue.

The result will be that you may find that some items that you are used to purchasing regularly will at first become much scarcer and carry a higher price tag, but ultimately no longer be available to you at all.

This will require you to change your spending habits and settle for other goods that you may consider being of lesser quality.

An extreme example would be if you were no longer able to get the imported car parts you need for your vehicle and had to turn to either generic replacements or used parts.

Your investments may also be impacted as well.

While the stock exchange is a totally different process from currency exchange, the fact of the matter is that they do impact one another.

Adverse changes in the rate of exchange can mean your stocks may slow down their process of earning money for you, especially if the stocks happen to be investments in retail companies or any entity that relies heavily on foreign trade.

Changes in your portfolio of course make a difference to your overall financial health, and may especially hurt if your stock portfolio happens to also be your form of retirement plan.

Many people do not give the trading of currency a second thought. Nevertheless, this process that is in a constant flow every day does reach out and touch the lives of each of us in some way. We may find ourselves paying higher prices for goods or services that we are used to enjoying.

In some cases, we may have to substitute for a lesser product, due to lack of availability. We may see our overall financial health impacted, even to the point of wondering about our future and retirement. Keeping up with Forex trading is a good idea for all of us.

It should be noted Forex trading involves substantial risk of loss and is not suitable for all investors.
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