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3 simple way to get 75pips a day, u never knew..

Discussion in 'Fundamental Analysis' started by RespectedMember, Jun 6, 2009.

  1. RespectedMember

    RespectedMember New Member

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    the 1st one was introduce by a friend of mine while im in europe , its quite simple all u have to do is look for 't' shape candle across all pair every morning in D1 chart, stradle the pair with the specific candle, 30 pips from its opening with tp 75pips & 30 sl. Its very easy with 80% win every week! u can take a look at the technique more detail here and here .

    now i know a lot of folks out there are worried that the price might reverse all of the sudden after 30-40 pips in profit, the way to overcome this is by trailing the order , but for u guys who couldn't on the terminal 24-7, just outsource the job to an external host and have them trail the order for u !
    u can read ll about it here


    another one is somethin i bump into several month ago while browsing the web, its a simple system that predict the correct timing for a setup. all i have to do is look at the MACD to decide wether to short or long, thats it and tp 75 pips every day ! learn the system here. there is also a signal made from the system , download it here

    the last one is my personal favorite, with 92% win ratio ! its the simplest way to trade , just let mt4 trade automatically for you! all you have to do is insert a simple code into metatrader to let it auto trade by itself , u can download the code here, read on how to use mt4 from the manual guide
     
  2. RespectedMember

    RespectedMember New Member

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    Forex Trading Slumdog - How To Make Millions With A Forex Trading Guide


    What are most people actually looking for in a forex trading guide, so that it can help them achieve their dreams of making millions from forex trading? I would say that a good forex trading guide would have consist of forex trading basics, forex technical analysis, fundamental analysis, trading psychology, forex trading systems, money management rules, forex glossary, how to choose forex broker etc.
    Some of the forex trading guides provides forex trading tutorials to introduce you to the global forex trading, so that you will know how to trade forex in a shorter time and help you become a successful and profitable forex trader. Along the way, you will gain an understanding of how foreign exchange prices move and how to develop your own trading system. Some guides include forex trading tips, which is important for those who are new to trading, but also adds value to advanced traders too.

    Let's zoom in into some of the contents that are provided in a forex trading guide. Basically, you can find contents like the mechanics and introduction to forex trading, how to be a profession forex trader etc in the forex basics section. Forex technical analysis helps you to be able to read forex charts, use of Fibonacci, support and resistance etc.

    Are you a very emotional person who reacts hugely to cases when you win or lose money? If you are, the trading psychology part will teach you how you can control your emotions, how you can overcome greed etc when it comes to trading.

    You may find that most people first thing will look for the trading system, let it be a forex course, an ebook, or a tutorial. Why is that so? Most people thought that they can profit with the trading system alone, which is untrue as there is a need for money management and emotions control too!

    There are many forex trading systems out there in the world, but you have to find one that fits your personality. There are methods like forex scalping, forex trend trading, breakout system and the list continues. Most traders love automated forex trading as a forex trading software will trade for them without having to open and close a trade manually. Of course, there are pitfalls in those systems too!

    So by the time you have gone through everything in a forex trading guide, provided that guide is not a slumdog, and have found your trading system with money management, discipline and emotions control, you should be ready to make money trading forex online.
     
  3. RespectedMember

    RespectedMember New Member

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    It Is Crucial That Forex Traders Learn To Interpret A Forex Chart


    Forex charts are a key component of the forex trader's toolbox and it is vitally important that any dedicated trader masters the skill of interpreting forex charts.
    There are several different weapons in the forex trader's arsenal and one very important tool important is the forex chart. Simply put, a forex chart is a graph of the prices of a chosen currency pair over a given time period. Reading forex charts is critical to any forex trader’s business and so it is important to know how to read them and to understand just what they mean.


    A forex chart is plotted for a currency pair such as the EUR/USD or GBP/JPY and shows the movement of the currencies concerned against one another over a period of time. For instance, a EUR/USD chart tells you how the Euro and the US dollar have moved against one another during the period for which the chart has been plotted.Along the bottom of the chart you have the timeline that can for example be divided into 15 minute, one hour, one day, one week, or longer time periods. Then going up the right-hand side of the chart are incremental values that are generally set to run from just below to just above the lowest and highest prices reached during the period in question. For example, for a EUR/USD chart the values could run from 1.2534 at the bottom to 1.2566 at the top.


    Forex charts are helpful because they paint a clear and simple to read picture of just how a pair of currencies is doing and you can see at a glance if a currency is strengthening or weakening so that you can act as necessary. The choice of a time frame for a forex chart is also important as a short time scale can help you to see minor trends while a long time scale can help you to identify longer term trends.You can find free forex charts across the Internet on numerous different websites and many of these will even let you put charts on your own websites.

    These charts are alright for glancing at trends from time to time but serious traders will have to have access to much more detailed charts that are continuously being updated in real time. This is essence means having access to suitable forex trading software that is operated on a broadband internet connection so that you are always connected. Anything less than twenty four hour access to the most up-to-date forex charts covering a wide range of different currencies will make life very difficult for the serious trader.

    With dozens of the world's currencies being traded every day there are way too many currency combinations for anybody to track of them all in their heads and the beauty of the right forex software is that it permits you to see multiple forex charts to show at a glance exactly what your favorite currency pairs are up to. Of course you will wish to keep a close eye on those forex charts displaying currencies in which you have already made investmentsComputer Technology Articles, but you are also going to want to keep track of other currency pairings which you might wish to open trades in if they move in the right direction.Being able to easily and quickly watch the progress of a wide variety of currency pairings means that you are much less likely to miss investment opportunities that you could easily miss without access to the right forex charting software.
     
  4. RespectedMember

    RespectedMember New Member

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    Forex Training - The Importance of Using the Same Timeframe in Forex Trading

    There are many times when I hear about forex traders opening or closing a trade using 1-minute or 5 minute forex chart when the forex market moves against them. This is not my style of forex trading as the timeframe is too short to prove anything.
    When the market moves against them, they will switch to 15 minutes chart to justify staying in the market for a little longer. After a while if the forex market continues to move against them, they will switch to the hourly chart to find some reasons to stay in the trade. They think that it might be just a small pullback and they have to be patient.

    As the market continues to move against them, which may be more than 50 or 100 pips, they will then shift to 4 hourly or daily chart, hoping that they can find some other reasons to stay in the trade. So what happens if the market still move against the trader and is already hundreds of pips away? The next step they will find themselves in is not holding the position anymore, instead they will get a margin call because their forex trading account have not enough funds left to hold their position.

    The main issue here is that they were looking for ways to stay in a losing trade rather than closing and cutting the loss. Even if you are not using my forex trading system , you should be always using a stop loss and and holding on to a losing position.

    Many new traders only think of winning in forex trading and think that they are losers if they lost a trade. This is because they do not have the right forex training and therefore do not know the correct way of trading. Professional and institutional forex traders have losing trades too and they understand that this is just part and parcel of successful trading.

    If you ask me what is guaranteed in forex trading, I will say there is a guarantee of losing and not winning! But it's the money management and the set of rules that will determine your success. You do not have to like losingArticle Submission, but you have accept the fact that there's is no holy grail in forex trading and not all can be winning trades.

    I hope the above forex education will benefit you if you have the habit of switching time frames to stay in a losing trade. This is not a good method to keep losses small. Judge yourself based on monthly basis instead of daily basis. Be consistent in your trading system and stick to one time frame if you are using that timeframe to trade.
     
  5. forerx

    forerx New Member

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    I hope the above forex education will benefit you if you have the habit of switching time frames to stay in a losing trade.(Made Easy Forex)
     
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