Can a trader be a do gooder - best forex trading strategy videos

Can a trader be a do gooder ~ best forex trading strategy videos

It occurs to me that the only way in which a trader can become more than a completely selfish, self-enriching, narcissistic person is to trade well enough so that you can manage other peoples money and thus saving these investors from crooks and charlatans (provided you are convinced you are not a crook and charlatan yourself).

Other traders have advanced other arguments in favor of trading. But I am not convinced by them.

They say that we provide liquidity to other long-term investors who may need to liquidate their investments. But then, this applies only to mean-reversal strategies. Momentum strategies take away liquidity from the market, and in some cases exacerbating price bubbles. Certainly not something your grandma would approve.

Others argue that momentum strategies help disseminate information about companies through quick price movements. But cant we just watch Bloomberg or CNBC? Do we really need some devious insiders to convey that information to the rest of us through price movements?

No, I think that independent trading should serve only one purpose (besides short-term self-sustenance): as training and preparation to become a fund manager. Once you graduated from independent trading, you then enter into the grand contest among all fund managers to see who can best serve and protect investors assets, (and be rewarded according to your standing in this contest.)

I know, this is the idealistic way to look at things. Serving and protecting seem to be what policemen should be doing, not traders. But as in quantitative trading, I think it helps one becomes more successful in ones activities by having a simple guiding principle or model. And it doesnt hurt that in this case, the principle would also be conscience-nourishing!
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How Beginners Can Start Making Money Through Forex - forex gold trading system

How Beginners Can Start Making Money Through Forex ~ forex gold trading system

If you are in need of a company to invest your money for a profit, I recommend currency trading. Other markets, such as futures, Treasury bonds and stocks you can invest your money in. But why Forex is much better it is because of its liquidity and profitability.

Unlike other markets where it is not allowed to withdraw their money, as it gives you an interest gradually can withdraw your money in Forex whenever you want. In the currency market, determine how much you every day depending on how good you are. Forex trading takes place throughout the day and six days a week, as people from around the world to do business in different time zones.

Anyone who wants to trade the Forex market will go through intermediaries. Most brokers have almost all currency pairs, gold, silver, diamonds and other items such as real estate fair, crude oil, etc. The broker offers this service for you and will also advise you on what is best for merchandise trade.


The good news is that things have been made easier and the average person can now participate in the Forex market. People who can not afford to borrow $ 500 and pay as you begin to profit.

Traders analyze the market before placing a trade. Thats why the forex market is not a game of chance that many people think. There are two ways to analyze the Forex market. They understand the fundamental and technical analysis. Milking technical analysis of the use of panel meters and mapping to predict market direction. The others, fundamental analysis deals with the use of government reports to predict market direction.

The views of traders are very different. Some traders rely solely on technical analysis. They believe that technical analysis gives you everything you need. Some traders nevertheless prefer fundamental analysis when many other traders use to both the analysis of the market situation.

The currency market can change throughout the world. You only need a laptop, PC or a VPS (Virtual Private Server) to ensure that is always online. Gone are the days when you have to stay with the computer every time you place an order. Metatrader has made everything easier. In MetaTrader, you can place a stop loss or take profit and go anywhere. Ill cover that in my next post. Also, instead of VPS, you can monitor your business with smartphones.

Outside the version of the client base, an investor can choose to operate in the Forex market, using web-based versions. The web version is recommended for professional traders only. Best Edition is the version of the client base so they can operate effectively.

Studies show that more than four billion dollars traded on the Forex market. This makes the currency of the worlds largest market. This indicates that a person with a good knowledge of currency can make thousands of dollars.

An important question for traders is the potential, is risky in the Forex market? The answer is definitely yes. Like any other business, forex trading can be very risky. In fact, due to the volatility of the currency market, Forex is more risky than other companies. However, with proper knowledge and money management, you trade successfully and make thousands of dollars. As a beginner, it is advisable to risk some money on each trade is placed to prevent escape all the money in your account.
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The risk a trader can take in a single trade - creating forex trading system

The risk a trader can take in a single trade ~ creating forex trading system

It is a depressing fact that their trading accounts are blown up by 90% of beginner Forex dealers in their very first month of trading. The astonishing thing is, this occurs regardless of whether they possess a Currency trading strategy that is money-making or not! Certainly, there is more than having a prosperous Currency trading strategy to making money in Forex trading. What most beginner Forex dealers do not understand is that when you are only getting started in Forex, having a Forex cash management strategy that is great is much more significant than having a system with enormous yields. By the conclusion of the short article, you will learn the best way to use the best Forex cash management techniques for yields that are consistent, safe out of your system.

The Very Best Forex Cash Management Strategy

You will not blow up your trading account if youve a great Forex money management strategy even for those who possess the worst Currency trading system on the planet. On the flip side, with no Forex cash management strategy that is great, you may possess the greatest Currency trading system on the planet plus it might not even matter. You should know how significant its to take care of your capital when you are trading Forex before we get to the nuts and bolts of cash management in Forex.

Believe it or not believe it, the greatest Forex cash management plan would be to dial your own risk per trade manner down to between 2-4% of your capital. Here is the most effective cutting edge Forex cash management strategy that hedge funds as well as all the large banks apply for each of their dealers, and that I strongly advise that you just use it too.

A Good Example Of Great Cash Management In Forex

Heres the way that it works. Go with 2% in the event you are extremely conservative, and go with 4% in the event you are extremely competitive. Lower or any higher and you are actually throwing away money. Meaning that for those who own a stop 20 pips away from your entrance, then you definitely are permitted to choose a maximum of 1 total contract.

Clearly, reinvesting your profits will let you leverage the power of compounding returns, while taking your gains WOnt. By reinvesting your profits, your profits can triple in annually! In case you choose to reinvest your profits, then youwill need to upgrade your place sizes at routine times as well as your threat per trade allotment. Id recommend upgrading your place sizes every 5-10 trades youre having the most effective compound increase of your trading account. It is vital that you keep in mind that you simply are still going to need a proven, Currency trading strategy that is profitable to create a Forex income that is consistent. The greatest Forex cash management strategy is not going to make a poor trading process rewarding, but with no great Forex cash management strategy it is not possible to create a long-term Forex income. Make sure you get both of both of these Currency trading components that are vital set up, and also you could be certain of your Currency trading success!
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Best forex trading strategy that can generate huge profit fast - forex candlestick trading system

Best forex trading strategy that can generate huge profit fast ~ forex candlestick trading system

Do you want a Forex trading strategy that works, is easy to understand can be mastered in a few weeks, can get you in all the best trends and profits , be learned in a week or two and applied in around 30 minutes a day? Well read on and you will find a system that can lead you to currency trading success.

Before we look at the strategy, lets look at one of the biggest myths of currency trading and its this - Forex prices can be predicted in advance. This is believed by most new traders and its rubbish because if they could, we would all know the price in advance and there would be no market.

This message is sold by vendors of cheap software packages, who claim you can make money with no effort, with their predictive software and what happens? The predictions of the software are as accurate as your horoscope and the user losses.

Now the savvy trader knows, the best way to trade Forex is to trade the reality of price change and NOT predict and he simply trades breakouts to new market highs - why?

Because if you look at any Forex chart, you will see that this is the way all big trends start and continue from these breakouts and if you dont believe me, look at a chart and you will see it happen in every currency pair.
Most traders cant buy a breakout, because they want to predict and a breakout doesnt allow you to do this, you miss the first part of the move but that doesnt matter - why?

Because if it is a break of a level of resistance which has been firm in the past, the odds are, that the trend will continue in the direction of the break. Sure this trader misses the start of the move - but he has the odds firmly on his side and huge profit potential ahead of him.

Breakout trading is at the heart of some of the worlds top trading strategies and if you want to make a lot of money you should include this methodology in yours.

So learn to trade high odds breakouts and you will have a Forex trading strategy which will always work and can make you huge Forex profits in 30 minutes a day.



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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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Is there anyway you can make a lot of money online with currency trading - forex currency trading system

Is there anyway you can make a lot of money online with currency trading ~ forex currency trading system

Making money online is as simple or as complicated as you make it out to be.

Yet this doesnt mean you will make money online with Forex trading straight away.Let me ask you a question,Would you walk up to Bill Gates and ask him... "How do I make money"?

Of course you wouldnt! Thats ridiculous!.However, if you wanted to make money like Bill gates does then you need to educate yourself and learn the exact skills he developed to achieve this.

And with Forex trading its exactly the same.

You dont just walk up to a successful Forex trader and ask him "how do I make money", what you do, is you educate yourself and learn how to do exactly what that trader does.

You need to learn skills. Skills are what make you money in any business endeavor, including trading Forex.

So the correct question would be:

"Which skills do I need to learn for me to make money with Forex trading?"

And here is the answer to that question:

For you to make money trading Forex, you must learn the simple (yet commonly overlooked) skill of price reading, also known as price action trading.

So lets get cracking with some Forex trading lessons!

Lesson # 1: "How do Financial Markets Move?"

All financial markets move exactly the same. They move in waves, just like the ocean does.

Within these waves, markets trend up and down over and over again.

They trend up with higher swing highs and higher swing lows.

They trend down with lower swing highs and lower swing lows.

And within these trends two very specific movements occur over and over again:

Impulsive moves and corrective moves.

So in essence, markets move in waves, waves move in trends, trends do impulsive moves and corrective moves. And thats it! This is the most powerful skill you should master, interpreting price movements based on the above explanation.

Why? Read the next lesson to find out.

Lesson # 2: "How Are Trading Systems/Methods Developed?"

All highly consistent profitable trading methods are based on the above concept.

You see, if you want to trade like a pro you need to trade with the pros. It is that simple.

So, what do pros do? They trade trends! Be it intraday or intraweek trends.

However, lets take it one step further:

Pros only trade ONE movement within a trend, and that is the impulsive move.

And guess what! All methods are based around this simple concept:

Trade the impulsive moves within a trend. Go with the institutional order flow!

And if you learn to trade like this you will automatically be able to trade any method you like, be it 123 patterns, be it Elliot waves, pullback trading, Fibonacci trading... you name it you can do it!

Lesson # 3: "So How Do I Go Trade Forex?"

1. - Learn market movement analysis to identify impulsive and corrective moves within a trend.

2. - Learn proper trade and risk management principles, irrelevant of how you trade Forex.

3. - Learn good entry and exit techniques.

Just remember, you want to learn how to get into the impulsive moves at the right time.
But you never know when a correction has been completed.

So how do you get into a low risk high probability trade when the impulsive moves start?

Well, that is where further education comes in. Just remember to ask yourself the following:

"When will the corrective move be completed and *how* do I identify this?"

If you seriously want to make money online trading Forex, and eventually with experience and determination become wealthy, then you must learn the above skills which over time will give you a hugely successful money making home based business.

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Trade Forex Without Indicators Can It Make You Rich - forex interval trading system

Trade Forex Without Indicators Can It Make You Rich ~ forex interval trading system

In the forex world, we are currently living in a time wen trader are getting constantly bombarded with new indicator-driven trading systems. Its hard to fall into the trap. But for those that have gotten tired of all the hoopla, these traders have to be curious if they can become rich by trading without indicators?

To answer this question, you only need a little bit of a history lesson and study the most famous investment traders in history.

You could start by reading about traders like Jesse Livermore. Livermore struck it rich in the stock market at the turn of the 20th century. He was a floor trader and the only thing he cared about was trading the price action of stocks.

What makes it so impressive is that its not like he was able to even follow a chart. All he did was pay attention to how market traders were moving the price. It was all in his head. Not even so much as a bar or candlestick chart.

If somebody like this can become rich trading without any kind of indicators, then there is no excuse for anyone else.

If you really sit down and think about it, there really isnt any other way to understand market movement besides the being able to trade price action. For example can anybody actually explain what all these indicators that everybody else is using, do? They can be used for a system and somebody can be taught the rules, but nobody actually knows what any of it actually means, relative to the market.

When you are able to get rid of these indicators from your charts, then and only then will you be ale to follow the reasons why the market go up, down, or stay range bound. You truly get to see the market as a ball of energy, not just numbers.

Once you see the market this way, its very hard to go back to moving averages.

By Jim Buhs
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