Understanding Price Action: practical analysis of the 5-minute time frame

By , December 24, 2014 7:14 pm

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets

By , December 24, 2014 8:28 am

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Is Forex Scalping For You?

By , December 24, 2014 6:10 am

Forex trading takes in all styles, different methods and unique strategies from its diverse number of traders. One mode of earning in the forex market hits a popular and buzzing note- forex scalping.

What exactly is forex scalping and can it work for you?
Forex scalping is simply put, a method of earning profit in day trading by taking small earnings in a regular way. This accumulates to a big amount in the long run. Usually, it is done by day trading. The problem is they do not work. This is considered to be just a big scam by others.

However, why is it so popular?
Because a lot of people are promoting it on the net, promising huge returns with minimal effort required. They support this with impressive track records that appear on their sites. This is the reason why they are so popular: marketing organizations promote their site on search engines, making it look like that a lot of people have already profited from it.

Another reason why it is so popular is the fact that many people motivated by greed and easy profit are naturally attracted to this proposition. Of course, when they join, they lose money. Not only do they lose money when they buy the system, they lose more when they trade with a faulty strategy. That is what creates the buzz.

Why doesn’t it work? We can simply explain that prices and rates in day trading are very volatile. There is no assurance that you will profit. It is only made so by the stories of those who want to sell their mock software and plans. These juts simulated and hindsight plans did not really happen and in turn, did not really earn some money.

Scientific theories are just that- theories. If they have been proved, then they are no longer theories and hypotheses. Experienced traders have learned not to listen to them. Take a cue and follow suit.

Here are some tips to avoid getting caught into this scam:

1. Trade longer term and forget about day trading. In longer term, the profits are stable. You can also practice short term trading which is different from day trading in terms of time frames. The key is to understand that rates per day are too volatile to rest our investments on them.
2. Know that if it is too easy, then probably it is not true. If scalping works, then nobody would be trying to sell the method, right?
3. Get a full understanding and education of how forex trading works. Simulate first and try mock up trading. Learn and understand how the market works.

Will forex scalping ever phase out in the forex trading market? It probably will not be for a long time. They can repackage the system and presentation to lure other inexperienced, lazy would-be traders. Nevertheless, remember that if you trained properly and understood how the market works, then there is no danger of falling into their trap.

Bottom line is, ditch forex scalping. Forex trading was built on tested principles and unique strategies in predicting the closing rates and watching closely how the market flows. It is not some naïve market where you could bully your way to success with some scientific theory and fancy software platforms.

From Dairy Farmer to Forex Trader: How my Forex Journey Can Fast Track Your Trading Success

By , December 23, 2014 9:08 pm

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market

By , December 22, 2014 9:25 pm

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

By , December 22, 2014 12:13 pm

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Automated Forex Trading System Risks

By , December 21, 2014 8:12 pm

We’ve been hearing how great automated Forex Trading system is. There are numerous benefits using it. But is it all about the good things? There are two sides in a coin, so what is the other side of an automated Forex trading system?

Some traders and investors would say that intuition means a lot when trading. Some would say that it played a major role when they are clinching a deal or when winning in a trade. But some traders would say that intuition does not play a role. Some would say that it works for them, while others would contest that. But given the fact that some people rely on intuition to get good trades, an automated system would not be able to help them. Since programs and computers do not rely on intuition at all.

Another common thing that traders who use an automated Forex trading system is make their computers and programs take their place in trading. Actually, this is a great idea. Having a machine to do your trade for you making you deal with other matters. But this turns into a disadvantage especially when you let the program and computer do ALL the work.

It is very easy to be comfortable with this setup, relying with your software too much. Actually, systems could make mistakes too. You would also need to recognize opportunities and at the same time do on-hand trading.

Another downside of an automated Forex trading system is making sure that your computer is running all the time and you have a dedicated server to run your automated trading. This is to make sure that your expert advisors or EA would work with your home and work computer.

There would be times when you would encounter a chart pattern or wave analysis which is very hard to accomplish. So you would have to get some professional people to interpret your charts for you and decode some extremely hard patterns.

Another truth that you would have to face is that not all expert advisors handle errors and other unexpected things easily. So you would need to brace yourself against anything that could disappoint you. Not everything is perfect. So, you would to be prepared to face disappointments and handle them. This is why you would still need knowledge in manual Forex trading.

Nothing is perfect, even computers and programs still make mistakes and can find it difficult to deal with unexpected and crucial points in trading. Traders and investors prefer to use both automated and manual trading. They would use automated trading system if they find manual trading difficult. While, simple systems like simple chart patterns are left to be done manually.

Aside from all of these, another downside is that automated Forex trading is too popular over the internet. This can either be good or bad. The good thing is that getting an automated system is easy and at the tips of your fingers. While the bad thing is that too much popularity can cause numerous websites to come up with scams and cheating over the internee.

There are a lot of automated Forex trading systems for sale in the internet. They claim that their products are the best among the systems, but they fail to meet the standards. That it why, people are advised to check on the comments of customers and have a money-back guarantee for the purchase.

How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream

By , December 21, 2014 12:05 pm

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Forex For Ambitious Beginners: A Guide to Successful Currency Trading

By , December 21, 2014 9:57 am

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading

By , December 21, 2014 5:59 am

Rating:
List Price: unavailable
Sale Price: Too low to display.
Availability: unspecified

Product Description

No description available.

Details

No features available.

Panorama Theme by Themocracy