Forex trading is for everyone - the holy grail forex trading system james windsor

Forex trading is for everyone ~ the holy grail forex trading system james windsor

By KitKat

Foreign exchange rates for currency have created a multi billion dollar market for the trade of currency alone. Forex trading as it is called, exceeds 3 trillion dollars daily USD. Because it is done accross the world, it is the largest trading system in existence.

With traders from around the world getting involved there are those who are unscrupulous enough to try a forex trading system under false pretenses. Because the market is run 24 hours daily and is not located in one fixed location but is operated in many places world wide, and because it is not based on one set dollar amount but rather on many price ranges dependent on the traders location, it would be tempting to try and make a quick buck by using the system. However, there are a couple of international agencies who do try to track and maintain a certain level of honesty within the market.

With a wide spread of players from large multi national banks to currency speculators and retail traders involved in forexplatformm trading, a system has been worked out that helps to level the field for all involved. Unlike the stock market, forex strategy trading involves a number of prices dependent on how much one can trade. Larger levels or spreads of trade result in smaller differences in price. Larger corporations like banks and businesses can trade in much larger amounts than a retail broker or smaller local bank.

With forex currency trading being "over the counter", there is little cross boarder regulation and rather than one central market, there are several markets in many countries which are tracked daily and over weekends too. Their is, however, an existing practice of trading that is watched by international agencies to track the trade amounts so that no one can exploit a vast difference in currency exchange rates. Trades are done not by one dollar amount, but by a number of different range amounts depending on where you are trading from.

A number of companies have come out with forex trading software to help both the retail trader and the larger corporations track their trading. This has spurred forex online platform trading all over the world. The software is usually run on line and is accessible from most internet connections so that a trader could keep track and stay up to date from the office or home computer and even from a personal cell phone.

With the market being continuous thanks to operating world wide, forex online system trading has gained in popularity over the last few years. With easy access for even lower level players, forex platform trading can be done by almost anyone.

Forex online system trading has also become a great advantage to traders because it allows for real time tracking from home, office and even mobil devices such as your phone or PDA. There are several forex online platform trading systems and many offer a practice account to get used to their way of doing forex platform trading.

With these platforms and the ability to trade and track on line, you can take forex strategy trading to the next level and make some money for yourself.
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Public service announcements for quants - forex trading strategies uk

Public service announcements for quants ~ forex trading strategies uk

   1.  Conference on Computational Topics in Finance, February 19/20, 2010, National University of Singapore. The topics will include using R/Rmetrics in finance, but the conference is by no means confined to R. See http://www.rmetrics.org/.

   2.  Consulting position (6-month renewable contract) available at a major Canadian bank in Toronto:  research in  various mathematical algorithms used for pricing of interest rate derivative instruments like swaps, caps, swaptions, FRAs. Please contact their recruiter at http://www.linkedin.com/pub/kevin-p-w-wang/6/899/29a.

   3.  A free copy of Chapter 8 of "High Probability ETF Trading" which I mentioned here is now available for download.
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A platform a shareware site and some courses for quant traders - forex traders secret strategies

A platform a shareware site and some courses for quant traders ~ forex traders secret strategies

I mentioned in various places that Alphacet Discovery is an industrial strength integrated platform for backtesting and implementing quantitative trading strategies. But of course, it has many competitors, one of which is a relatively new company called Deltix. Deltix has the distinction of offering a full Matlab interface, which is convenient if you are already a Matlab programmer. (Full disclosure: I previously have a consulting relationship with Alphacet, but have none with Deltix.)

There is also a new website for sharing trading strategy software called Quantonomics. In the words of its founder Joshua, the goal is to "connect programmers and stock traders". Joshua also told me that he will create a custom application on his site for any of you readers as a gift!

A colleague of mine in Singapore, Dr. Li Haksun, who was previously a quant with UBS and BNP Paribas, is offering a course on quantitative trading strategy in July. It covers more theoretical concepts than my own courses: e.g. hidden markov model, stochastic control, and Kalman filters are included.

And of course, my own workshops on Backtesting and Statistical Arbitrage will be offered again in London next week.
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A new service for retail investors - forex trading system that works

A new service for retail investors ~ forex trading system that works

Here is a new low-cost service called Alerts4All that offers technical trading signals for retail investors. You can, for example, have an alert sent to you every time a "Double bottom" pattern occurs.

A much more advanced version of the service will be rolled out soon -- I saw a demo today where you can backtest your strategies online, combining different fundamental and/or technical variables as entry or exit signals. They also have some built-in models for you to adapt (e.g. a model based on The Little Book that Beats the Market by Joel Greenblatt.) More interestingly, you can look at other peoples trading models and their historical and/or real-time performance.

Matlab or Alphacet it is not, but I think it will be quite useful for many retail traders. It might even be useful to professional traders who want a quick-and-dirty way to test out ideas.
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Looking for momentum Check outside the US - adx forex trading system

Looking for momentum Check outside the US ~ adx forex trading system

Momentum vs. mean-reversion has been a perennial theme in investing, not least quantitative investing. My contention has always been that momentum strategies are generally less reliable than mean-reversal strategies. (See here or here.) My reader Mr. J. Rigg told me about a recent article in the Financial Times suggesting that momentum strategies are alive and well, according to the research by Prof. Elroy Dimson et al at the London Business School. The strategy is very simple: buy the stocks with the highest returns in, say, the last 12 months, short the ones with the lowest returns, and hold for, say, 1 month. If you run this strategy for the top 100 UK stocks from 1900 to 2007, the average annualized return before costs is about 10%.

There are, however, a number of caveats worth noting in this study:

First, it is very transaction-costly to implement momentum strategies for small or even mid-cap stocks. If you factor in costs, 10% can easily become 5% -- not an impressive number even for a dollar-neutral strategy. (Though one should note that the infrequent rebalancing renders transaction costs consideration less important.)

Second, the drawdown durations are quite lengthy -- sometimes exceeding 2 years. This is not acceptable performance for many hedge funds. Such lengthy drawdowns have been a common feature of many momentum strategies that I have personally studied and traded.

Third, and most interestingly, in the period 2001-2007, this momentum strategy has stopped working altogether for the US market, while continuing to deliver positive returns in other markets!

What may be the reason for this dichotomy between US and international markets? Momentum strategies generally derive their power from the slow diffusion and analysis of information: if all investors are simultaneously aware of all the relevant financial information about a company and can analyze the significance of the information instantaneously, they will have come to a consensus fair market value instantaneously and no momentum in the price will result. Hence perhaps the disappearance of momentum in the US equity market means what most people know already: that it is the most efficient equity market of all.
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A job opening for quants - forex trading strategies wiki

A job opening for quants ~ forex trading strategies wiki

Alphacet told me that they have a job opening for a quant who will be helping their clients backtest trading strategies, among other responsibilities. Given that Alphacets clients include several major investment banks and hedge funds, this position should provide pretty good close-up view of how the major quantitative players operate.
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Are Triple Leveraged ETFs suitable for long term holding - forex trading strategies with macd

Are Triple Leveraged ETFs suitable for long term holding ~ forex trading strategies with macd

Triple leveraged ETFs marketed by Direxion have been all the rage lately. The fund management company says that they do not recommend buying and holding these ETFs. But is there any mathematical justification for this caution?

Before I answer this, it is interesting to note that these ETFs (e.g. BGU is 3x Russell 1000, TNA is 3x Russell 2000) are managed as constant rebalanced portfolios, a concept I discussed before. In other words, the fund manager has to sell stocks (or futures) when there is a loss, and buy stocks (or futures) when there is a gain in the market value of the portfolio, in order to maintain a constant leverage ratio of 3. This is also identical to what Kelly formula would prescribe, a methodology discussed extensively in my book, if the optimal leverage f were indeed 3.

However, the optimal f for such market indices are quite a bit lower than 3. Both Russell 1000 and 2000 have f at about 1.8. This means that since the funds are leveraged at 3, there is a real possibility that sustained losses could ruin the funds (i.e. NAV going to zero unless new capital is injected, which, er..., reminds me of a Ponzi scheme). So I would argue that not only should an investor not hold these funds for the long term, the funds themselves should not be leveraged at this level. Otherwise, it is a disaster waiting to happen.
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A method for optimizing parameters - simple forex trading strategies that work

A method for optimizing parameters ~ simple forex trading strategies that work

Most trading systems have a number of parameters embedded, parameters such as the lookback period, the entry and exit thresholds, and so on. Readers of my blog (for e.g., here and here) and my book would know my opinion on parameter optimization: I am no big fan of it. This is because I believe financial time series is too non-stationary to allow one to say what was optimal in the backtest is necessarily optimal in the future. Most traders I know would rather trade a strategy that is insensitive to small changes in parameters, or alternatively, a "parameterless" strategy that is effectively an average of models with different parameters.

That being said, if you can only trade one model with one specific set of parameters, it is rational to ask how one can pick the best (optimal) set of parameters. Many trading models have a good number of parameters, and it is quite onerous to find the optimal values of all these parameters simultaneously. Recently, Ron Schoenberg published an article in the Futures Magazine that details a way to accomplish this with just a tiny amount of computer power.

The key technique that Ron uses is cubic polynomial fit of the P&L surface as a function of the parameters. Ron uses the VIX RSI strategy in Larry Connors book "Short Term Trading Strategies That Work" as an example. This strategy has 5 parameters to be optimized, but Ron only needs to compute the P&L for 62 different sets of parameters, and the whole procedure only takes 58 seconds.

Although Ron has confirmed that most of the parameters that Connors picked are close to optimal, he did find a few surprises: namely, that RSI of period 3 or 4 is significantly more profitable than the 2 that Connors used, at least in the backtest period.

Now, for a true test of this optimization, it would be helpful if Ron performed this optimization withholding some out-of-sample data, and see if these parameters are still optimal in that withheld data set. Since he didnt do that, we need to wait for another year to find out ourselves!

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GBP CAD 500 PIP RALLY IN NEXT FEW DAYS - neural spray forex trading system

GBP CAD 500 PIP RALLY IN NEXT FEW DAYS ~ neural spray forex trading system

This pair has started to break out above the latest Pennant setup on the Daily Chart which could set the stage for strong Pip gains in the days ahead. Before this takes place, however, we would need to see a stronger Bull Candle (Normal Candle) than the one that has appeared at the end of Mondays session. 

DAILY CHART - WEAK CANDLE BREAKOUT

Once we have this signal, we will be able to enter with greater confidence that another 200-Pip trade will be there for the taking.


The expected rally would continue the momentum of the major break out above the Outer Downtrend Line, which started a few weeks ago on January 21, 2015.

DAILY CHART- OVERALL DOWNTREND

DAILY CHART- START OF TREND LINE BREAK

As is typical of the Currency Market, breaks of major barriers such as these tends to take place with a break of a large Consolidation - a Pennant in this scenario. What this means is that any breakout from the smaller Pennant Setup would be supported by the momentum of the breakout from that larger Pennant- leading to profit targets being hit in a very short time.

If we see the hoped for Bull Candle this week, it will need to first go through our gauntlet of checks and balances prior to entry.

TRADE SHEET CHECKLIST

Once these criteria are met, another strong trading gain will be added to our growing trading accounts.

________________________________________

________________________________________

Duane Shepherd

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING
Website: www.drfxswingtrading.com

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Using R to Test for Cointegration - forex volatility trading strategies

Using R to Test for Cointegration ~ forex volatility trading strategies

Paul Teetor, who guest-blogged here about seasonal spreads, recently wrote an article about how to test for cointegration using R. Readers who dont want to pay for a copy of Matlab should find this free alternative with similar syntax quite interesting.
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THE POWER OF PRICE ACTION FOR DAY SWING TRADERS - mechanical forex trading system

THE POWER OF PRICE ACTION FOR DAY SWING TRADERS ~ mechanical forex trading system

The power of Price Action analysis is its capacity to predict the formation of major market patterns across all Time Frames. We can forecast movements that will take place the next day or even in the next few months and prepare our trading plans to take full advantage of them ahead of other traders.

On Monday August 10th last week, the EURO USD was expected to provide a Bull Candle to indicate a Rally to the Resistance of a Pennant that was being formed. This Rally would complete the Support boundary and the Pennant Consolidation itself. 

DAILY CHART- EURO USD  

A pair of Double Bottoms were already given in addition to the the break of the Downtrend Line. This suggested that another Bull Signal would be given/needed to confirm the start of the move to Resistance and that a potential trading opportunity to go long was near. Two days later, this took place...

DAILY CHART- EURO USD  

...a strong Bull Candle Signal that offered traders up to 100 Pips of potential gains on that day. Not only would they have been able to predict this movement a few days in advance, they would have also seen this pattern in its early stages months ago in June this year...

DAILY MARKET UPDATE OF JUNE 23, 2015

(Provided to Clients)  

As you can see, the bearish and bullish waves that were predicted have now taken place. Although the bearish wave was actually larger than expected, traders would still have expected this U-Turn and rally to take place to complete the Pennant and temporarily end USD gains.

With this strong Daily Candle now given, traders on the 4 Hour Chart or lower would have been entering to go long to take advantage of the expected rally higher. However, based on the 3-Wave Rule that the Methodology in the Manual explains, this would have been dangerous.

The chart below shows that the uptrend on this time frame was very strong and that a Bullish Signal was given at the Uptrend Line to indicate the continuation of this rally. This would have been a natural expectation since U-Turns at Trend Lines are common entry signals especially if they coincide with Support areas.

4 HOUR CHART UPTREND

Nevertheless, as pointed out to traders in the Daily Market Update, entry at this 4th Setup was risky and should not be done based on that 3-Wave Rule. And as can be seen in the chart below, this decision proved to be the right one...

4 HOUR CHART VOLATILITY AND TRADING LOSSES

This 3-Wave Rule is crucial to avoiding pullbacks and periods of volatility that lead to these unexpected reversals (Pages 35 & 36). It can be seen across all time frames with strong trends and explains a large part of why trends will either pause before continuing or change direction altogether. 

Another important Price Action pattern that will prevent these types of reversals affecting your trades relates to Breakout Setups & Signals. We will often see a strong breakout candle from a Consolidation Setup that appears to signal the start of a strong move and large gains for us. However, if this Consolidation is too weak, the trade will not be successful despite the strength of the Breakout Candle. An example of this took place on the USD CHF Daily Chart where a very strong Bull Candle appeared to promise hundreds of Pips of profit in the days ahead. Again, the danger of this trade was pointed out in the Daily Market Update when that signal appeared...

DAILY MARKET UPDATE - AUGUST 4, 2015

...a warning that proved correct a few days later...

USD CHF DAILY CHART - SHARP REVERSAL

This reversal took out several Long Positions that were gradually being opened after that initial Bull Candle Signal. A similar scenario was seen on the NZD USD which was breaking below its Counter Trend Line (CTL) on the Daily Chart to resume its Downtrend. Despite the strength of this CTL that was being broken, the candles themselves were too weak to justify entry..

NZD USD DAILY CHART BREAKOUT

Yet, on the 30 Minute Chart, this appeared to be a strong enough Downtrend that would have led many to open short positions...

30 MINUTE CHART DOWNTREND

Once more, the market had other ideas due to the weakness of the Daily Chart`s Signals and what normally follows...

DAILY MARKET UPDATE - AUGUST 10, 2015

NZD USD DAILY CHART PENNANT

30 MINUTE CHART REVERSAL

The failure of these last 2 setups to lead to breakouts highlights the importance of Section 5 in Part 1 of the Manual, applicable to both Trends and Consolidations...

With the power of this Price Action Trading Manual in your hands, you will sidestep these traps of the Currency Market and focus on the Setups that offer the greatest chance of profitability. You will be able to identify the strongest Setups and Signals that lead to large breakouts...

AUD NZD BREAKOUT SETUP

...setting profit targets that maximize on the Pips captured...

...exiting comfortably ahead of sharp market reversals...

...avoiding moments of regret from holding trades longer than we should...

As you go through the Manual and begin to apply it to your trading, you will be the one in control of the Forex Market. With the Daily Market Updates and Videos that provide in-depth analysis, forecasts and explanations of market moves based on the theories and techniques never before seen in this book, Profitability and Long-Term Wealth will be yours.

START TODAY

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NZD JPY BULLISH SIGNAL NEEDED FOR LARGE GAINS - professional forex trading system

NZD JPY BULLISH SIGNAL NEEDED FOR LARGE GAINS ~ professional forex trading system

Consolidation, Consolidation and more Consolidation. When will they end? Only the policy makers at the major Central Banks and the key market players know the answer. Until then, our responsibility as traders of the Larger Time Frames is to accurately spot them, analyze them and trade them for large gains. We do this by using the trading rules established for trading these patterns in my Trading Manual and waiting patiently until our targets are hit.

The next major setup that could provide such an opportunity is on the NZD JPY. This has been moving sideways towards the major Inner Uptrend Line following the end of a very long 5 -year rally.

DAILY CHART

The sideways movement can be seen more clearly on the next chart where a Range setup appears to be taking shape.

DAILY CHART

This 390-Pip Range would be completed with a rally to the Resistance boundary. A few hundred pips would be ours for the taking if we see a strong Bullish signal above the Downtrend Line (DTL) and the Counter Trend Line (CTL).

DAILY CHART

Once this appears, we can enter immediately with the appropriate Stop Loss and Limit Orders, using the Daily and 4 Hour Charts. The exact size of these Risk and Reward parameters will depend on the patterns formed when the signal appears, so long as they are within our limits set out in our Excel Worksheet.

Take full advantage of the low market volatility by maximizing on these large Consolidation setups. Trade them on your own using the guidelines established in the Trading Manual or execute them directly from my Trade Setup emailed to you as a Subscriber.

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

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KIWI DOLLAR TEMPTING BEARISH SIGNAL FOR HUNDREDS OF PIPS - super max forex trading system.part1.rar

KIWI DOLLAR TEMPTING BEARISH SIGNAL FOR HUNDREDS OF PIPS ~ super max forex trading system.part1.rar

This pair has been in a very large Pennant setup for the last 3 years since the end of the strong 2-Year Uptrend between 2009 and 2011. We have been hovering on top of the Resistance of this Consolidation for the last few weeks and could see the start of a new Downtrend to carry us back down to Support. A strong Bearish Candle signal has been given in this regard below the current Uptrend Line and this Resistance, but the accompanying setup for the signal is too weak to justify entry. Nevertheless, a stronger setup could materialize this month to either continue the break Bearish, or provide a platform for a strong Bullish reversal.

The strong Uptrend that came to an end represented the return of Risk-Appetite to the market following the period of Safe-Haven buying of US Dollars in 2008. This has given way to a very wide Pennant within which we have been experiencing waves of smaller Uptrends and Downtrends.

DAILY CHART

 

Closer to home, so to speak, the pair has formed a Range above the Resistance of this Pennant. It has now broken the Support of this Range as well as that Resistance boundary to possibly start a very strong Downtrend. In the process, it has also broken below an Outer Uptrend Line.

DAILY CHART

Taking a closer look, we can see the strong Bearish Candle that broke below these barriers. On the face of it, this could be a signal to start entering short to take advantage of the potential drop of just under 400 Pips.

DAILY CHART

 

However, the setup is neither a Consolidation nor a strong Counter Trend Line - setups that you would expect/require after a large 300- Pip decline. This means that until we have a clearer, stronger setup at this crossroads, the chance of a Bearish trend is now equal to that of a Bullish rally that breaks the Downtrend Line.

While the market provides us with this setup that we need before trading, it is important that we constantly review past examples of this scenario. This will allow us to confidently trade the new signal in either direction and capture hundreds of pips that are likely to be on offer for us.

RECENT EMAIL FROM CLIENT

____________________________________________________

SUBSCRIBE TODAY

____________________________________________________

US$120.00

Free 

 ___________________________________________

Duane Shepherd 

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

Currency Analyst/Trader

Contact: shepherdduane@gmail.com

Twitter: @WorldWide876

Facebook: DRFXTRADING 

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HOW TO MAKE FOREX TRADING STRATEGIES WORK FOR YOU - forex trading system development

HOW TO MAKE FOREX TRADING STRATEGIES WORK FOR YOU ~ forex trading system development

Now that there are hundreds of Forex margin brokers, millions of free Forex trading tips webistes and literally hundreds of thousands of Forex day trading strategy "home based business" Forex traders, we can say that virtually anyone with an internet connection can trade Forex with the pros. In any power trading strategy, a proven trading method will mean that through Forex strategy testing and by using trading risk management, no more than one or two per cent of a total account value is put at risk in a single trade. This is key in the path to big Forex profits. Any trader beginning out will look at the trading methodologies available to them and decide to create trading rules for their Forex trading strategy. Forex trading (currency trading) initiates should be aware therefore not only of technical and fundamental analysis and predicting Forex prices, but also of how to be a trading strategy tester and to have strong Forex trading rules that help them to make the big Forex profits they are seeking. The alternative is to have more experienced Forex trading systems used by more experienced traders end up causing you to lose all your money in your Forex business - the harshest possible outcome. Having the following in place could assist you in getting started right away in Forex trading (currency trading): a Forex trading software platform; a free Forex trading strategy (or a paid for one for that matter); an understanding of fundamental and technical analysis and a trading risk management system. From these elements (and also the support of a daily Forex strategy briefing from a margin broker or some other site) you can start Forex trading in the fx market with your own Forex trading strategy rules. Learning currency trading online needs to begin with sound trading risk management and how to manage your trading account balance by making intelligent risk decisions with your trading account. The risks can be higher with Forex because the moves in a week can be equivalent to a month in stock moves. Volatility is to be expected. Currency trading strategy rules for a Forex business can be developed by amalgamating Forex trading systems of others or simply garnering a Forex education to include: fundamental and technical analysis; trading money management (risk management); a daily Forex strategy briefing from a "third party" and a way of creating Forex forecase signals (in other words a means of predicting future Forex prices from perhaps a technical setup on a currency pair or simply from Forex strategy testing that has been carried out. Forex strategy testing can either be done through using a practice account through your broker or by paper trading your strategy. A third option is to use software such as Forex strategy tester which can run a simulation of what could happen if you trade by your rules with some limitations on accuracy. Free Forex trading strategy tips are available from Forex ebooks webistes all over the web. The truth is that the Forex trading fx market needs to be treated as a business that runs like a Forex trading machine as much as possible. This is key if you are to make big Forex profits in live trading. Lack of regulation means that anyone can sell a "scalping trading strategy" or so-called "foolproof trading method" and make themselves out to be an expert or even say they are a long term bank trader when they are not. There is a need for caution therefore when deciding on where to get your Forex education because not any Forex trading guide is actually going to help in your predicting Forex prices in the near, medium or long terms. It behooves you to go out and look at what is on offer from Forex trading websites and learn more about the global currency markets after you have read this article. Some sites are listed in the resource box at the end to start you off. Trading Forex online then presents challenges. The rest of this article will address those challenges. In order to trade effectively, a Forex trading guide is needed for the initiate in to the Forex markets to be able to learn online currency trading, understand trading risk management and how to manage money, discover technical and fundamental analysis, how these types of analysis of the market differ and how to apply them in creating a Forex trading machine. This means that after all the cogs are set in place you will have a Forex trading machine that enables you to its like a professional and make decisions based in the moment and on the facts that are presented to you, rather than guess or gambling work - although there is invariably an element of risk, your job is to eliminate the risk as much as possible in applying your trading strategy. To make this happen, you will start to think about what you may need in order to implement your trading strategy. For example, will you be needing a daily Forex strategy briefing from either a paid service or a free provider of its strategy briefings - such as perhaps your broker or a third party service. In your technical analysis will you be utilising traditional indicators such as those involved in a bands trading strategy (Bollinger Bands), will you rely on charts created by a its platform or other currency price forecast type service or will you be professional analyst charts to make your decisions? A proven trading method is hard to come by. There are educators who have been trading Forex for banks and other institutions for many years. However they are still going to find it incredibly difficult to pass on their years of knowledge, at least not in the time most people want to go from knowing nothing about Forex trading (currency trading) to being an expert and making money with its as a business. In sum, it is multidimensional. There are several aspects of absolute importance. These include strategy, both in terms of trading and money management, education - both initial and ongoing and focusing in on mastering a specific area whether that be a particular currency pair or aspect within the field - such as global economics of a particular country.
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Searching for a Genuine online Forex Trading System - forex powerful hba trading system-strategy

Searching for a Genuine online Forex Trading System ~ forex powerful hba trading system-strategy

With countless choice available online, finding a genuine online forex trading system can be a confusing task. However there are a few precautionary measures can be adopted when one is searching for a genuine online forex trading system. First of all make sure this site doesnt require you to download any software. Secondly, the site should also provides you with sufficient tools, has no hidden cost and do not charge commissions.

There are also other things to check out when searching for a genuine online Forex trading system. You need to also be aware of. It is wise to talk with an experienced trader to get his or her recommendations for a Forex account. Beware if you join a forum to find an online Forex trading system and someone tries to pressure you to sign up on a certain day. There is no reason to do so.

By searching out for a genuine Online forex trading system, you will have at your disposal the right tools and skills required for making informed decision when investing in the forex market.There are inherent risks in a speculative market, such as the forex market; therefore there are no guarantees such as a safe portfolio. You can only minimize the risks by educating yourself.

Those dealing with genuine online forex trading system will have brokers with credentials obtained from regulatory bodies orlocal authorities.These brokers will be impartial, because they are not affiliated with any interbank movement.Furthermore,they were never guarantee you profits,but rather warn you of risks involved in a speculative market.

Using a genuine online forex trading system will assure you of professional and impartial advice.They well help you the making prudent investment decision, while trading in a volatile market such as the forex market.

Therefore invest in a little time and research to seek out a genuine online forex trading system. You will gain a peace of mind by knowing that you are dealing with a legitimate trading system. Furthermore there is the assurance that you are not been rip off.

Genuine online Forex trading systems are a boon to the Forex trading community. These are fully legitimate communities and will assure you of some safety when trading online.

Furthermore those who legitimacies will have the proper security protocol in place.Therefore they can rest assured that your identity, will not be stolen.

By Joel Gardner
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Discover Some Magic To Beat The Forex The Elliott Wave Theory For Forex Markets - keltner bells forex trading system

Discover Some Magic To Beat The Forex The Elliott Wave Theory For Forex Markets ~ keltner bells forex trading system

by: Joseph Plazo


One of the best known and least understood theories of technical analysis in forex trading is the Elliot Wave Theory. Developed in the 1920s by Ralph Nelson Elliot as a method of predicting trends in the stock market, the Elliot Wave theory applies fractal mathematics to movements in the market to make predictions based on crowd behavior. In its essence, the Elliot Wave theory states that the market – in this case, the forex market – moves in a series of 5 swings upward and 3 swings back down, repeated perpetually. But if it were that simple, everyone would be making a killing by catching the wave and riding it until just before it crashes on the shore. Obviously, there’s a lot more to it.

One of the things that makes riding the Elliot Wave so tricky is timing – of all the major wave theories, it’s the only one that doesn’t put a time limit on the reactions and rebounds of the market. A single In fact, the theories of fractal mathematics makes it clear that there are multiple waves within waves within waves. Interpreting the data and finding the right curves and crests is a tricky process, which gives rise to the contention that you can put 20 experts on the Elliot Wave theory in one room and they will never reach an agreement on which way a stock – or in this case, a currency – is headed.

Elliot Wave Basics

• Every action is followed by a reaction.

It’s a standard rule of physics that applies to the crowd behavior on which the Elliot Wave theory is based. If prices drop, people will buy. When people buy, the demand increases and supply decreases driving prices back up. Nearly every system that uses trend analysis to predict the movements of the currency market is based on determining when those actions will cause reactions that make a trade profitable.

• There are five waves in the direction of the main trend followed by three corrective waves (a "5-3" move).

The Elliot Wave theory is that market activity can be predicted as a series of five waves that move in one direction (the trend) followed by three ‘corrective’ waves that move the market back toward its starting point.

• A 5-3 move completes a cycle.

And here’s where the theory begins to get truly complex. Like the mirror reflecting a mirror that reflects a mirror that reflects a mirror, the each 5-3 wave is not only complete in itself, it is a superset of a smaller series of waves, and a subset of a larger set of 5-3 waves – the next principle.

• This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.

In Elliot Wave notation, the 5 waves that fit the trend are labeled 1, 2, 3, 4 and 5 (impulses). The three correcting waves are called a, b and c (corrections). Each of these waves is made up of a 5-3 series of waves, and each of those is made up of a 5-3 series of waves. The 5-3 cycle that you’re studying is an impulse and correction in the next ascending 5-3 series.

• The underlying 5-3 pattern remains constant, though the time span of each may vary.

A 5-3 wave may take decades to complete – or it may be over in minutes. Traders who are successful in using the Elliot Wavy theory to trade in the currency market say that the trick is timing trades to coincide with the beginning and end of impulse 3 to minimize your risk and maximize your profit.

Because the timing of each sequence of waves varies so much, using the Elliot Wave theory is very much a matter of interpretation. Identifying the best time to enter and leave a trade is dependent on being able to see and follow the pattern of larger and smaller waves, and to know when to trade and when to get out based on the patterns you identify.

The key is in interpreting the pattern correctly – in finding the right starting point. Once you learn to see the wave patterns and identify them correctly, say those who are experts, you’ll see how they apply in every facet of forex trading, and will be able to use those patterns to trigger your decisions whether you’re day trading or in it for the long haul.
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