MONTHLY RANGE PUTS EURO AUD AT MAJOR CROSSROADS - forex trading system simple

MONTHLY RANGE PUTS EURO AUD AT MAJOR CROSSROADS ~ forex trading system simple

After completing a Bear Crown setup that led to a strong downtrend of over 1,000 Pips, the EURO AUD is now at a crossroads that could either lead to more gains for the Aussie or a strong trend change altogether.

The Chart below shows how this downtrend began, the breaks of the Uptrend Lines and the current Pennant setup that the pair has now formed. 

DAILY CHART

Bull and Bear Crowns as well as the breaks of Trend Lines are typically what we see when major trend changes take place. Traders can either enter at the start and hold trades for long periods or can aggressively trade the waves of the trend. As this trend continued to create lower lows, the Monthly Range of the pair was also breached. Trends that reach this important price point will either pause for a period before resuming the trend or change direction. In the chart below, we can see that this pause took the form of a Pennant that was eventually broken, indicating that we could see a continuation of the downtrend. 

DAILY CHART

On the other hand, as we can also see from the chart above, the current Pennant that has been formed has moved the pair above the Inner Downtrend Line. This could indicate that the current downtrend may actually be coming to an end, given the slow and unconvincing breakout from the larger Pennant. Currency pairs can exceed their Monthly Ranges to give the impression that the trend will continue but the longer the trend takes to get going, the more likely that a trend change will take place. The chart below shows how these two scenarios could unfold.

DAILY CHART 

A simple bearish breakout from the Pennant could be the signal required to continue the existing trend. If the candle given to start this breakout is strong enough, entry can take place there with the appropriate target of between 100 and 200 Pips. However, this Pennant may also be the Centre Tip of a possible Bull Crown that starts a new trend above the Downtrend Lines. One would have to wait for a Right Tip that completes the Bull Crown or another formation before considering entry to go long. Strong trend changes require strong setups and the current Pennant is not large enough to support a trend change. 

Only time will tell what takes place with this currency pair. Regardless of the ultimate direction, we can take advantage by patiently waiting on the appropriate Daily and 4 Hour Chart signals for profitable trades.

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RBNZ Cuts EURO NZD Drops PIPS Lie Ahead - simple forex trading system that works

RBNZ Cuts EURO NZD Drops PIPS Lie Ahead ~ simple forex trading system that works

After moving within a 400-Pip Range since the end of March this year, the EURO NZD has finally broken this boundary with a break of Support following the increase in interest rates by the Reserve Bank of New Zealand (RBNZ). The pair fell by more than 200 Pips within 24 hours of the decision to form a strong bearish candle below the Range, indicating the start of even stronger gains for the Kiwi in weeks to come.

THE RATE CUT

The RBNZ took the decision to raise the official cash rate to 3.25% from 3.00% as it seeks to stave off inflationary pressures that have begun to threaten the economy. In justifying the move, RBNZ Governor Graeme Wheeler stated that it was important that inflation expectations remain contained and that interest rates return to a more neutral level. Naturally, in an environment of homogeneous interest rate policy among the major central banks, the increase led to strong demand for the Kiwi against several of its counterparts including the US Dollar, the Aussie Dollar and the Great British Pound. Continued strengthening is expected for the Kiwi against these currencies, but the setup against the Euro appears to be very promising right now for aggressive Swing/Weekly Range traders.


RANGE BREAKOUT

Looking at the chart below, we can see the bear candle that closed below the Support level following the rate decision. This is the type of signal that traders look for to open a position for a strong breakout, especially when it is sync with the existing direction of the trend.

DAILY CHART- EURO NZD BREAKOUT

Most traders would probably starting entering short at this point, with the Stop Loss placed above the Support which would now act as Resistance to protect the trade. Entering early often gives traders a good opening price in case the market moves quickly in the expected direction. However, there is always the possibility of an unexpected reversal known as a False Breakout whenever we have a breakout signal from Consolidation. 

Given this possibility and the fact that the last candle led to the Weekly Range of the pair being reached (see Trade Manual), it would be better to wait until another bearish signal appears after a brief pause or rally that tests the Support.

DAILY CHART - EURO NZD - POTENTIAL PULLBACK TEST

This pause/test can either take the form of a rally followed by a strong U-Turn or a move sideways to form a small consolidation before breaking short. If either scenario unfolds, the ultimate target for this new downtrend would be 1,4855 -the Breakout Equivalent of the Consolidation (see Trade Manual). Along the way, several areas of past Support will be hit, allowing for short-term profit-taking as well.

Lets be patient, see what unfolds and take advantage of profitable setups when they appear.

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Currency Converters And The Foreign Exchange Market Explained - forex h1 trading system

Currency Converters And The Foreign Exchange Market Explained ~ forex h1 trading system

Vast amounts of money are being poured into the foreign exchange money each year. It has been reported that many billions of dollars are benefiting investors all over the world- making many the fortune of a lifetime. But before a lifetime on easy street can be obtained, theres much to learn. But not to worry, an investors life is made easier thanks to forex calculators.

A foreign exchange calculators most basic use is to determine what may or may not be a good investment. One can easily find updated rates on many different currencies, past rates, and even projections on how the rates will continue to fare. Armed with this knowledge, investors will be able to make a huge sum of money off each bit of money invested- assuming market conditions are pristine.

When investing in another currency, the investor hopes that the currency being converted from raises in value so that converting back will create a large return on the initial investment. Of course there are other ways of making money in the foreign exchange market, but this provides some of the quickest and biggest gains, depending on the investment amount.

The foreign exchange market uses currency as its basis for working- meaning there are many different ways to work the market to ones advantage. Doing so will cause need for a multi-purpose forex calculator that will be able to display multiple currencies at a time in relation to a specific currency. Some advanced calculators even show results starting with the most popular currencies, so as to better appeal to the common investor.

The next stage in the process is to track all currencies that an investor is watching. After all, if a currency increases in value over time, isnt it safe to say it will continue to do so in the near future? This isnt always true, but more often than not, this simple rule makes investors quite a bit of money. Foreign exchange calculators should be able to track several different currencies for investors in this case, which usually requires a user registration for tracking purposes.

As a final note, the perfect foreign exchange calculator should be able to make use of newer technologies for a quick and simple solution to an investors problem. Technologies such as AJAX or Java should be used, where results can be displayed quickly and effectively- even without a page refresh. This is in comparison to technologies such as PHP, where the process can be lagged down by the constant need to refresh the page after each calculation.

Closing Comments

The foreign exchange market is a very risky game. If one is to play it, it should be done so in a wise manner. There is a need for a handy calculator for foreign exchange market calculations and tracking methods, not to mention an effective way to check values without and delay or latency. In obtaining such a calculator, odds of making a successful return on investment are much improved, and investors are better off as a result.

By Chris Channing
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Forex Trading Calculating Profit And Loss In Foreign Currency Trading - kino forex trading system

Forex Trading Calculating Profit And Loss In Foreign Currency Trading ~ kino forex trading system

by: Gregory DeVictor


The foreign exchange market, or Forex market, is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading is always done in currency pairs. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes can occur at any time, and often result from economic and political events. Using a hypothetical Forex investment, this article shows you how to calculate profit and loss in Forex trading.

To understand how the exchange rate can affect the value of your Forex investment, you need to learn how to read a Forex quote. Forex quotes are always expressed in pairs. In the following example, your pair of currencies are the U.S. Dollar (USD) and the Canadian Dollar (CAD). The Forex quote, USD/CAD = 170.50, means that one U.S. Dollar is equal to 170.50 Canadian Dollars. The currency to the left of the "/" (USD in this example) is referred to as base currency and its value is always 1. The currency to the right of the "/" (CAD in this example) is referred to as the counter currency. In this example, one USD can buy 170.50 CAD, because it is the stronger of the two currencies. The U.S. Dollar is regarded as the central currency of the Forex market, and it is always treated as the base currency in any Forex quote where it is one of the pairs.

Lets go now to our hypothetical Forex investment to show how you can profit or come up short in Forex trading. In this example, your pair of currencies are the U.S. Dollar and the Euro. The Forex rate of EUR/USD on August 26, 2003 was 1.0857, which means that one U.S. Dollar was equal to 1.0857 Euros, and was the weaker of the two currencies. If you had bought 1,000 Euros on that date, you would have paid $1,085.70.

One year later, the Forex rate of EUR/USD was 1.2083, which means that the value of the Euro increased in relation to the USD. If you had sold the 1,000 Euros one year later, you would have received $1,208.30, which is $122.60 more than what you had started with one year earlier.

Conversely, if the Forex rate one year later had been EUR/USD = 1.0576, the value of the Euro would have weakened in relation to the U.S. Dollar. If you had sold the 1,000 Euros at this Forex rate, you would have received $1,057.60, which is $28.10 less than what you had started out with one year earlier.

As with stocks and mutual funds, there is risk in Forex trading. The risk results from fluctuations in the currency exchange market. Investments with a low level of risk (for example, long-term government bonds) often have a low return. Investments with a higher level of risk (for example, Forex trading) can have a higher return. To achieve your short-term and long-term financial goals, you need to balance security and risk to the comfort level that works best for you.
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Methodology Turns Currency Fund Managers into Amateurs - forex trading system sample

Methodology Turns Currency Fund Managers into Amateurs ~ forex trading system sample

Within the context of extremely low currency volatility in 2014, negative and flat rates of returns have been the norm for Currency Traders around the world. The Barclays BTOP FX index is down by 4,36% year-to-date as at July 31, 2014 and with the challenging environment expected to continue, the outlook appears to be bleak for traders. Yet, how is it that despite this challenging environment, a simple Methodology continued to generate large rates of returns with signals that have identified high paying trades over the last 5 years of Financial turmoil?

The table below shows the results of trades and setups that have been identified by this Methodology so far this year. The returns assume a very conservative Risk per Trade of 2% on a trading account of US$100,000.

TABLE 1- YEAR-TO-DATE JULY 1, 2014 

Although these setups appeared an average of just twice a month, the size of their targets and the accuracy of the signals were more than able to compensate. Below are a few examples of these setups.

NZD CAD - DAILY CHART

CAD CHF - DAILY CHART 

GBP USD - DAILY CHART

EURO NZD - DAILY & 4H CHARTS

USD CAD - DAILY CHART

Similar opportunities were also provided over the last few years in which the market was affected by the aftermath of the 2008 Financial Crisis. Heightened uncertainty, budget crises, debt crises and extraordinary policy measures still gave the fortunate users of this Methodology strong gains on several occasions. 

EURO USD- DAILY CHART

USD CAD - DAILY CHART

EURO JPY - DAILY CHART

GBP CHF - DAILY CHART

GBP JPY - DAILY CHART

METHODOLOGY

The Methodology is based on identifying High Probability setups across the Currency Market, using only the Daily and 4 Hour Charts. Specific combinations of Japanese Candlestick Formations and Signals were found to provide a consistently high rate of accuracy when used within certain parameters established on these time frames. These charts offer a greater degree of stability relative to the smaller charts, while offering practical Risk-Reward ratios for the average Retail Trading account. 

The main aspects of the strategy involve;

• Identifying Market Direction using Candlestick Patterns;
• Waiting on the Daily & 4 Hour Charts for Entry Signals;
• Aiming for 100-200 Pips per trade;
• Holding Trades for a Pre-determined Holding Period;

Trading is focused on the larger trends of the most liquid currency pairs away from the noise and chaos of the lower time frames. It is a type of Swing Trading system in which trades are held for a few days at a time in contrast to the quick turnover approach of Day Trading. The Methodology also makes use of the Weekly and Monthly Ranges hardly seen in other Swing Trading systems, but which are crucial to entry and exit decisions.


ECONOMIC DATA & STATISTICAL INDICATORS

The use of short-term economic data has been found to be unnecessary for successful trading. In most cases, the net reaction of the market to any major news item will be reflected in the Candlesticks of the larger charts. It is therefore more prudent to simply wait on these signals to provide market direction for the larger and more profitable currency movements. Statistical Indicators are mathematically-based and can be lagging in nature. Experimenting with several of these to find the perfect signal or combination of signals can be a tedious and unrewarding task especially if done on the lower time frames.

TRADE MANUAL

The Methodology has been put together in an extensive 166-Page e-Book that can be used by individuals and professionals seeking to complement or replace their existing trading systems. This manual and the strategy explained will provide;

• New insights that surpass the recycled trading information in free & low-cost books/manuals; 
• Predictable times for entry using the Daily and 4 Hour Charts;
• Actual step-by-step Trade Sheet instructions;
• Practical ways to avoid checking trades before targets are hit;
• Pre-determined exit rules based on each trade setup;
• Weekly & Monthly Ranges not seen in any other strategy;
• The 4H Chart candles to avoid depending on the time of day;
• Spotting the start of Consolidation and False Breakouts;
• Clear Candlestick Patterns that start and end Trends;
• Real examples of each Technical Factor explained;
• A Proven set of parameters built on 10 years of trading and analysis of market patterns;

In addition to this, Subscribers who email the Code at the end of the Trading Manual will receive;

• Trade Setups sent 30 Minutes before Entry;
• Personalized Analysis of Preferred Currency Pairs;
• Excel Sheet Setup for Trade Decisions & Leverage Calculations;

When this Trade Manual is combined with detailed Chart Analysis and interaction provided daily on this site, a real source of Long-Term Income & Wealth awaits.

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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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Currency Exchange Terms Every Forex Trader Should KnowF - forex trading system fx preis levels v6

Currency Exchange Terms Every Forex Trader Should KnowF ~ forex trading system fx preis levels v6

by: Andrew Daigle


Before jumping into the forex market, you need to arm yourself with some terminology that will be used in any course or software on this subject. The following set of terms were put together with the idea of providing the novice forex trader with the fundamental concepts of the forex trading business. While they sound technical, most are easy to understand and apply.

Let us begin with the instruments that are traded in the forex markets. Currencies are traded in pairs so the instrument will always be in this double denomination. The reason for this is simple; the basis of forex currency trading is to exchange one currency for another. So if the pair is the Euro and the US Dollar, and the forex trader is taking a long position or buying the Euro in hopes that it will appreciate, effectively the trader is also selling US Dollars to buy the Euros. The most widely traded pairs are the Great Britain Pound and the US Dollar (indicated as GBP/USD), the Euro and the US Dollar (the EUR/USD pair), the Aussie Dollar and the US Dollar (AUD/USD pair), the USD and the Japanese Yen (USD/JPY pair), and the Canadian Dollar and the USD (USD/CAD pair). These pairs account for well over 80% of the total volume of the trading in the forex market. The advantage to trading in these currency pairs is that they are highly liquid and allow the investor to convert their portfolio to cash very quickly to realize a profit.

In every pair, the first currency is called the base currency, over which the second one is countered to imply the price of the pair, or commonly referred to as the "cross currency". The second is therefore called the quote currency and the pair price is recorded in terms of the units of the quote currency required to buy one unit of the base currency. Thus, assuming the price of the GBP/USD pair is 1.5, this implies that 1.5 USD will buy 1 GBP.

Every pair is quoted in terms of a bid ask spread. The bid price is the rate at which your forex broker bids to buy the currency at, while the ask price is the rate the forex broker is asking to sell the currency to the forex trader. The bid price will always be less than the ask price and the forex trader will buy at the ask price and sell at the bid price. The bid ask price will be quoted as: GBP/USD 1.532/5, meaning the bid price is 1.532 and the ask price is 1.535.

A pip price interest point), as it is commonly called, is the smallest incremental change a currency pair will experience, for instance, a change in the GBP/USD price from 1.532 to 1.542 is a change of 10 pips. A trading margin is a deposit which is a minimum amount or a small percentage of your traded amount that you have to put up. The remaining amount is supplied by your broker. This amount can vary from 1% to 0.25%, also referred to as 100:1 and 400:1. Most often, forex brokers will offer 100:1 or 200:1 to most clients. This is risky but enables the trader to leverage a large amount that he or she would not otherwise have access to.

Finally, a margin call can happen when the forex trader allows the balance in the trading account to go below the margin deposit percentage agreed upon with the forex broker. The broker will automatically sell your long positions or buy your short positions and clear the entire trading account, returning the margin amount to the trader to protect the trader from losing more money than they have.
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Currency trading resources - best forex trading system no repaint

Currency trading resources ~ best forex trading system no repaint

For those of you who are into currency trading, this blog looks interesting. You can also subscribe to a free daily email newsletter called "The Daily Pfennig" from www.everbank.com.
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Earn Thousands of Dollars a Day Automatically Trading Currency - isakas forex trading system

Earn Thousands of Dollars a Day Automatically Trading Currency ~ isakas forex trading system

FOREX (Foreign Exchange Market) is an international foreign exchange market, where money is sold and bought freely. Forex trading is where the currency of one nation is traded for that of another. For example, buying US Dollar, then selling it later at a higher price to gain profit. Therefore, Forex trading is always traded in pairs (ie. US/Japan). In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.

Forex trading is a booming business online now and a lot of people are making money. So all you need to do is spend a little time getting some training and education in forex trading, and you too can sit back and watch the green backs roll in. The best program I have found to get started in currency trading is call Forex Automoney. Technical expertise is not needed here. Their software does all the thinking for you. All you do is point and click.

Take a look at just a few of the many benefits of Forex Trading. Forex trading is available 24 hours a day, 5 days a week. This gives you the ability to react to any breaking news at any point of the day or night. A relatively small market movement will have a proportionately larger impact on the funds you have deposited, hopefully to the positive side. Forex Trading is the worlds largest financial market with an estimated daily average turnover between $1.5 trillion to $2.5 trillion that we cannot doubt. Forex trading is also commission free and trading is available on more than 60 currencies worldwide. You can make investments several times a day, a week, or monthly. Investment in Forex trading is minimum. You can even start trading with just one dollar.

So now that the technical stuff is out of the way, and you know a little bit about Forex trading, lets talk about how easy it is to make hundreds, even thousands of dollars a day using the Forex Automoney Software. Dont worry no technical knowledge is needed to use this simple and powerful software. It uses a simple point and click method. Here is how to it works. You will log into your Forex Automoney account, find the currency pairs you want to trade, click "buy or sell" what ever the software instructs, copy the signals that you receive, copy and paste it into your trading platform, hit trade and wait for the money.

OK so what is needed to start making big money with Forex currency trading, using the Forex Automoney system? First you need a Internet access, either your own or someone elses. Next you will need money to start trading. You can start trading for as little as one dollar...thats right just one dollar, and you will need the Forex Automoney software. For a limited time you can get the membership for just $4.95. They want everyone to be able to try it, and see how quickly and easy it is to make real money trading currencies. Click on the link the link in the resource to get more details.

Let us take a look at how the software works. On staff at Forex Automoney are a group of financial specialists, mathematicians, and programmers who have developed an innovative intelligent software which automatically analyzes currencies markets and determines when to buy or sell. it can generate signals in 3 timeframes. You can choose between intraday - 6 times a day a buy or sell message is generated... daily - signals are generated once a day... weekly - using these signals you can trade once a week.

Making a trade with the Automoney system is so easy. Here is the simple process. First of all you will need to set up a broker account to handle your trades. Forex Automoney has their own recommendations. Check them out and pick the one you want, and open an account. You will want to trade with a demo account first until you learn the process.

Ok once you have your broker account set up you can start trading. Long into your Forex Automoney account at the time the software instructs, click on the currency pair you want to trade, (it does not matter which one), the software will tell you whether to click on the buy or sell button, the software will then generate a buy/sell signal, copy that signal and paste it into your broker accounts trading platform, click trade, then wait for the trade to generate profits, it wont take very long. You can profit even the same day.

Making money on the Internet can be difficult, expensive, and stressful, but not with the Forex Automoney system for trading currencies. All you need to make money here is $4.95 for the membership, a couple of bucks to trade with, the Forex Automoney system, and the ability to read, click, and paste, thats it. Just follow the simple instructions and the amount of money you will make will amaze you. Get the details and a Free Forex Secret Report by clicking on the links in the resource box.

By Larry D. Johnson
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Forex Trading Currency Explained - forex hedged grid trading system

Forex Trading Currency Explained ~ forex hedged grid trading system

When you trade in the forex exchange, youre buying and selling foreign money, stocks, and corresponding types of products. The value of one countrys money can be compared to a different currency of a different country to determine monetary value. The worth of that foreign currency is calculated on every trade made in the forex stock marketplaces. Many outside markets will be in control over the value of that countries monetary value, with respects to monies. Individuals who are often involved in the market exchange for FX involves banks, businesses authorities and other finance houses.

What are the things that make the forex exchange dissimilar from their US counter parts? A trade on the forex market is one that involves at least two countries, and is instigated across all parts of the globe. The two countries are 1, that of the investor, and 2, the place receiving the investment. Most all of the transactions that take place on the forex stock exchange will likely be done through a qualified broker like a banking institution.

What are the ingredients of trading in the forex market? The overseas market is comprised of a mixture of financial exchanges amongst nations. For those invested in the forex exchange generally trade in massive bulk with vast amounts of currency.

For those deep into the forex stock market probably have financial businesses or are in businesses where assets are bought and sold quickly. The US market is massive but it is correct to imagine the forex stock market as even more immense than the stock market in any one country overall. Those involved in the forex market are trading 365 days per year, twenty-four hours a day is completed on the weekend, but not all weekends.

You may be shocked to know the number of people who issue trades on the forex exchange. In 2004 alone, as much as two trillion dollars was the mean forex trading volume. This number is massive in trade volume for the number of daily transactions to take place. If you imagine how much a trillion dollars amounts to and multiply that by two and this figure is the average that is traded on any given day on the forex exchange!

The forex exchange has been around for thirty years, but with computers coming into play and the global web, the forex exchange is growing exponentially as growing numbers of investors start to understand the power of the forex market. Forex trading only makes up around ten percent of the total trades between countries but as its popularity grows so will its number of transactions.

By Calvin Wapasa
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Importance Of Currency Calculators In Foreign Exchange Markets - what is forex trading system

Importance Of Currency Calculators In Foreign Exchange Markets ~ what is forex trading system

By Chris Channing

Vast amounts of money are being poured into the foreign exchange money each year. It has been reported that many billions of dollars are benefiting investors all over the world- making many the fortune of a lifetime. But before a lifetime on easy street can be obtained, theres much to learn. But not to worry, an investors life is made easier thanks to forex calculators.

The foreign exchange market revolves around the simple fact that converting a currency from one type to another. For instance, we might want to exchange a United States dollar for the equivalent in Mexican pesos. By doing so, we essentially just made an investment in the new currency. In this case, we use the forex calculator to determine which currency would be good for a return on investment.

The investment in another currency is simple: as soon as the currency from raises in value, the investor can make the switch again. Only this time around, the investor is making a large sum of money off each and every monetary unit they invested in. This procedure can be a risky one, however, and should only be attempted by experts in investing topics.

The foreign exchange market uses currency as its basis for working- meaning there are many different ways to work the market to ones advantage. Doing so will cause need for a multi-purpose forex calculator that will be able to display multiple currencies at a time in relation to a specific currency. Some advanced calculators even show results starting with the most popular currencies, so as to better appeal to the common investor.

The next stage in the process is to track all currencies that an investor is watching. After all, if a currency increases in value over time, isnt it safe to say it will continue to do so in the near future? This isnt always true, but more often than not, this simple rule makes investors quite a bit of money. Foreign exchange calculators should be able to track several different currencies for investors in this case, which usually requires a user registration for tracking purposes.

Lastly, there comes a need for foreign exchange market calculators to make use of current trends in technology. Technologies such as Java, Javascript. Macromedia Flash, or even AJAX should be used to make the experience of an investor quicker and more simple. This is in comparison to technologies such as PHP, where the page must be refreshed before results can be displayed- which can dramatically slow down the process.

Final Thoughts

In the end, there is a lot to benefit or lose from the forex market. Only those experienced in the market should try their luck. After all, theres nothing worse than losing thousands in investments just because of the constantly changing trends in global economies. But with the help of calculators, experts who arent afraid to give out advice, and brokers- the process can be quite a profitable one indeed.
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Solution to Low Currency Volatility Multiple Lot Trading - free forex trading system that works

Solution to Low Currency Volatility Multiple Lot Trading ~ free forex trading system that works

The low volatility environment in the Currency Market has made it very difficult for traders to earn at the same rate as under normal conditions. Low interest rate policies by the major central banks and investigations into market rigging have contributed significantly to the downturn in market activity. As a result, trends have been short-lived, forcing traders to either be extremely patient or find new strategies to adjust to the market. With this in mind, there is an aggressive trading option available for the traders whose main strategy is Swing Trading. This option is popularly known as Multi-Lot Trading and involves adding positions to an existing trade to maximize on the trend on its way to the final target. 

SINGLE & MULTIPLE LOT TRADING

The more conservative way to trade the larger trends is to open a single position on a currency pair and hold it until the target is hit a few days later. However, with the limited number of trends being provided by the market, single lot trading might have to take a back seat to allow room for greater returns in the same amount of time.

Lets take  a recent example of a downtrend on the 4 hour Chart to on the AUD NZD that offered 3 clear entry points during the trend. This was a  232 -Pip decline from 1,0880 on April 28, 2014 to 1,0648 on May 6, 2014.

FIGURE 1 - AUD NZD

Source: Dukascopy Swiss Forex Marketplace

In a typical trading scenario, the trader would enter short at the break of the Pennant, with the Stop Loss placed at the high of the formation. With the entry at 1,0786, this would be targeted to capture 142 Pips.

FIGURE 2 - 1ST ENTRY POSITION

Source: Dukascopy Swiss Forex Marketplace

A second lot could then be entered into upon seeing the break of a Counter Trend Line (CTL). Entry would be at 1,0756, the Stop Loss placed above the high of the formation and the pip target set at 108 Pips. The first Stop Loss would then be moved to the 2nd Stop Loss, effectively creating a single position capturing 250 Pips.

FIGURE 3 - 2ND POSITION

Source: Dukascopy Swiss Forex Marketplace

This process is then repeated when a third entry setup in the form of another CTL break appeared. Entry would be at the close of the bear candle at 1,0706 with the Stop Loss placed at the high of the setup. This 3rd position would be set to capture 48 Pips and the Stop Losses of the previous two entries placed at this 3rd Stop Loss.

FIGURE 4 - 3RD POSITION

Source: Dukascopy Swiss Forex Marketplace

After waiting patiently for 8 days, all three positions would hit their target to capture 298 Pips - double the value of a single lot entry at the start of the trend.

FIGURE 5 - CLOSED POSITIONS

Source: Dukascopy - Swiss Forex Marketplace

This is a very effective way of maximizing on the limited number of profitable trends that are available in the market at this time. The number of pips and hence the total revenue can be almost doubled, allowing monetary targets established for the Retail or Institutional Traders to be reached in a much shorter time.


CHALLENGES INHERENT IN THE STRATEGY

As simple as this strategy appears to be, there are a few important considerations that go into this trading style. Apart from requiring an aggressive but patient personality, the trader must use a strategy that correctly identifies the common exit point for each lot. This ensures that the targets arent emotionally determined and that they avoid sharp reversals in the trend as illustrated in this chart.

FIGURE 6 - SHARP BULLISH REVERSAL

Source: Dukascopy- Swiss Forex Marketplace

If a trade is held onto longer than it should by even a few pips, a sharp reversal in a short time can erode or wipe out all positions simultaneously. In this example, the reversal would take 8 hours, but on a smaller time frame where there is very little time to react, the damage can be even more emotionally and financially painful.

FIGURE 7- 30 MINUTE CHART REVERSAL

Source: Dukascopy- Swiss Forex Marketplace

Within only 90 minutes, a trade on the 30 Minute chart with an incorrectly chosen Limit can be erased if the trader took his eye off of it under the assumption that the target was farther down.

ENTRY & EXIT STRATEGY

Given this danger, trades such as these must have the right target chosen based on correct interpretation of the candles and market signals. These targets should be determined by;

1. The Weekly Range of the Currency Pair;
2. The Breakout Equivalent;

If a Currency Pair has a range of 300 Pips in a normal trend from start to finish, aiming for price points beyond this out of greed or negligence will lead to unnecessary losses. If we are talking about a breakout from a Consolidation boundary, then the distance to aim for is usually the Breakout Equivalent. Years of examples on the most liquid currency pairs revealed that these were the main tools to use to identify exit points for trades lasting several days.

There is an argument for monitoring the trades to ensure that these sudden reversals are avoided. However, this presents another set of dangers in the forms of;

• Panicking at the sight of a reversal, that proves to be only temporary;
• Looking at the floating profit and being tempted to exit early;
• Being tempted to hold on beyond the target because of the sight of the large, combined value of the trade;

The discipline to establish the target and avoid looking at the trade unnecessarily is crucial to this trading strategy. You will need to look at the trade when identifying additional entry points, but there is a detailed method of doing so that minimizes the risks involved. 

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Duane Shepherd 

(M.Sc. Economics, B.Sc. Management and Economics)

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

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