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Posted by feliciahoward

The word “cable” is slang, used by forex traders, to denote the GBP/USD currency pair, where the Great British Pound (GBP) is priced in terms of the US dollar (USD). “Cable” is also often used to refer to the British pound itself. The term originated in the mid-19th century, when a submarine communications cable, called the Transatlantic cable, across the Atlantic Ocean, was used to transmit exchange rates between the New York and London stock exchanges. Today, optical fibre cables have replaced the transatlantic cables and satellites have come into the picture, but the nickname “cable” for the pound-dollar pair remains.     The pound sterling is the domestic currency of the UK, one of the oldest currencies in the world that is still in circulation. It has shared a long and deep relationship with the US dollar. So long is the trading history between the two nations, that there is no way to ascertain the original Pound-Dollar rates. The Gold Standard ruled the exchange rates between the two currencies prior to the 1970s.   History of the British Pound and US Dollar till World War II The pound sterling traces its origins to the Roman era, its name derived from the Latin word “Poundus,” which means weight. It has been a unit of currency from as early as 775 AD, in the Anglo-Saxon era. In 1694, King William III established the Bank of England to fund his war efforts with France. By 1717, England had started defining the sterling’s value in gold, rather than silver, although the official gold standard would come decades later in the 1800s, after Germany adopted it.   In 1914, the UK suspended the gold standard to counter its debt and high inflation during World War I. It was forced to devalue the pound drastically towards the end of the war, with £1 being valued at $4.70. By 1925, Winston Churchill, the then British Prime Minister, decided to go back to the gold standard. The value of £1 went back to the pre-war levels, which was $4.86. The GBP rose to its highest ever against the USD in 1934, when the US devalued the dollar and £1 was worth $5.   At the outbreak of World War II, the GBP/USD value dropped significantly. By 1940, £1 was equivalent to $4.03. The Bretton Woods Conference in 1944, after World War II, put an end to the gold standard. The GBP was now pegged to the US Dollar.   After World War II and into the 1980s England struggled economically after World War II. The pound depreciated twice against the USD, once in 1949, when £1 was equal to US$2.80, and again in 1967, when £1 was equal to US$2.40. The latter was a devaluation of the pound by more than 14%. Finally, in 1971, the pound sterling was introduced in a floating exchange rate regime, which allowed it to compete with other international currencies, based on trading volume and purchasing power. This was a turning point for the GBP. By 1979, £1 was equal to USD$2.   The 1980s began with energy shortages and the rise of OPEC, which led to a significant increase in oil prices. High inflation and unemployment became rampant in the US, after its war efforts in Vietnam. But, the US Federal Reserve failed to take appropriate action to curb this. In 1981, US President Ronald Reagan came to power, and under his leadership, the Fed hiked interest rates by 20% to fight inflation. Expensive tax cuts and higher than usual military spending in the US, led to US economic growth again.   The US dollar grew 50% over other currencies, which hindered its international trade prospects. The Plaza Accord of 1985 was an international intervention in the currency markets to systematically devalue the US dollar. This brought down the value of the pound and £1 was less than $1.20.   1990s to 2010: A Period of Economic Uncertainty and Global Recession In the early 1990s, the Bank of England decided to raise interest rates and buy large amounts of GBP, in order to maintain the value of the pound sterling against the German deutschmark, as part of the Exchange Rate Mechanism (ERM). This was something uncalled for, since the UK was already going through a recession at that time.   Many prominent investors, notably George Soros and his team, predicted a forthcoming crisis, and started shorting the pound in huge amounts. On September 16, 1992, in what is now known as Black Wednesday, the UK decided to leave the ERM and the pound devalued over 20% against the dollar in a single day, with £1 coming down to $1.5.   The dot-com bubble burst in the 1990s, lowering the value of the pound further by 20%. By 2001, £1 was equivalent to $1.40. The relative weakness of the US economy leading to the 2008 sub-prime crisis, saw an appreciation in the pound’s value for much of 2007. But, by 2009, it became clear that the US recession had far-reaching consequences on the world economy.  The pound fell by over 30%. By March 2009, the Bank of England announced a quantitative easing programme, cutting the bank rate by 50 basis points to one of the lowest levels ever. By March 13, 2009, the GBP/USD rate was 1.3971.   Over the course of the next few years, the GBP/USD rate had its ups and downs, amidst ultra-loose monetary policies of the UK and strong US growth. The debt crisis in the Eurozone also added to the volatility in the currency pair. It is interesting to note that not once from 2008 to 2018 did the GBP/USD rate touch a value of US$2.00, which was last seen in 2007.   2016 Onwards: Brexit and Future Uncertainties On June 23, 2016, Britain voted to leave the European Union. The GBP/USD fell to a 30-year low of $1.33. Fear and uncertainty in the markets caused the value of the pound to drop further and by July 6, 2016, the GBP/USD rate was $1.2885. England now had less than 3 years to negotiate the terms of the Brexit deal with the EU. Everything here on in would depend on how these talks went.   Rumours of the UK leaving the EU without a deal caused a “Sterling Flash Crash” in October 2016. By October 25, 2016, the GBP/USD rate was 1.2133. The pound dropped 6% against the US dollar within minutes.   From 2016 onwards, the Cable was at the mercy of several factors, prominent among them was the ongoing negotiations between the UK and EU. Internal political crisis in the UK also caused volatility in the currency pair prices. As of the beginning of 2019, the cable is the fourth most traded currency pair in the world.

A common challenge impacting most traders and investors is the tendency to develop analysis paralysis – also known as trading paralysis. This is because there are a number of conflicting thoughts and emotions that can affect a traders ability to pull the trigger on a buy or sell order.   Perhaps you’ve had a run of consecutive losses to your live account, and have simply lost all faith in your trading system. One tendency is look for a different system. That may not necessarily be the answer to your problem.   Maybe you have too many indicators on your trading screen. Indicators and confirming signals are great – to a point. However, at some point waiting for too much confirmation on trades leads to lower profit potential (or lower risk to reward).   Assuming you have a profitable trading system, developing trading paralysis will always negatively affect your returns. It could be argued that trading less can be a good thing for some traders. However, over-analyzing open trades is more likely to be detrimental to your account.   Analysis paralysis, or trading paralysis, doesn’t only affect traders on entry signals. It can also affect investors and day traders by preventing them from exiting, or not exiting, positions when they should.   By over-analyzing the market, you can inhibit your ability to take action when a good trade presents itself. The result is missed opportunities. You can’t profit in trading without taking risks – nothing ventured, nothing gained.   Below are some things you can do, or not do, to help you take better trades based on objective analysis:   Never become Emotional about Investing or Trading Trading is very psychological in nature. It’s easy let your emotions get the best of you. This can be problematic for many traders, however, as overly positive or negative feelings can cloud your judgment and force you to make bad decisions.   Fear is what keeps traders from pulling the trigger, and it causes them to over-analyze trades as a result of not wanting to lose any (or any more) money. This is often the result of losing several trades in a row.   Fear is what causes trading paralysis, but fear is not, by far, the only emotion that effects traders. Below are some other emotions that can affect your trading: - Greed can cause you to hold on to trades too long, often turning winning trades into losing ones. Greed can also cause you to overtrade or overleverage your account. - Overconfidence also leads to overtrading or overleveraging your account. This is more likely to occur after a string of several wins. - Anger often occurs after a losing trade. It can cause you to re-enter the market on baseless trades, or overleverage subsequent trades, in an effort to “get your money back.”   That’s just naming a few emotions that traders must deal with. Unchecked, these emotions will influence your thought process and opinions about possible trading opportunities or exit points. The best traders have great psychological and emotional discipline to match their trading plan and money management skills.   Avoid Watching Financial News Excessively A common tactic for many traders and investors is to watch the financial news for several hours a day. While there is nothing inherently wrong with this, too much information can create confusion.   One thing to keep in mind is that most of the pundits that you see on financial news shows don’t trade themselves. Of course there are some exceptions, but even they are just speculating.   My point is that nobody has a crystal ball when it comes to the markets. At least, no retail trader has a crystal ball.   Fundamental analysis is fine, but technical analysis of price is the most effective way to trade any market. Don’t let the opinion of someone, who probably doesn’t even trade, affect what you see on the screen.   Just like over crowding your charts with too many indicators can cause conflicting signals, watching too much financial news can keep you from executing timely and profitable trades. At some point, with so much information to process, you are bound to get conflicting signals – not unlike a bad first date.   Trust Your System Another problem that leads to analysis paralysis is not having trust in your trading system. It is important to trust your trading system, and the best way to build real trust in a trading system is to demo trade the system until you are consistently profitable with it.   Assuming you are using a profitable trading system, building trust in your system will greatly reduce the chances of experiencing trading paralysis.   Keeping a trading journal really helps to build trust in your trading system as well. Journaling also helps in picking better trades, and improves your overall performance over time.   A trading journal helps to build trust in your trading system, because it allows you to objectively track which trades, from which setups, and which time frames, etc… worked out best for you.   If a certain trading method, time frame, etc… is not working out for you, your journal can reveal that fact to you objectively. The numbers don’t lie – unless they are government numbers. CPI anyone?   Of course, you must start with a profitable trading system, like Top Dog Trading. Once you’ve found a trading system that works for you, you must drill its rules into your memory, so you can execute your trade setups instinctively.   Demo trading and journaling can help build trust in your trading system, which also reduces the chances of analysis paralysis.   Control and Cover Your Losses Having excellent control over your risk, or money management, is one of the best ways to combat trading paralysis. Setting stop losses, controlling your exposure per trade, and covering your expenses are all vital aspects of proper money management.   You should always set a stop loss, preferably before you enter the market. Trading without stops can be disastrous. Just ask the guy in the video to on the right. Ouch!   You are less likely to experience a fear of pulling the trigger if you are risking a small fixed percentage of your account per trade. Most experts recommend risking 1% or less per trade.   Another way to lower the stress of trading, and therefore lower the odds of trading paralysis, is to use money management techniques to cover your trading expenses as quickly as possible.   Example: You enter a trade risking 1%. Assuming the trade moves in your favor, and you are up by at least 1%, exiting half of your trade would cover the expense of your risk on that trade.   At that point, you would no longer have any risk to your trading capital – only risk to potential profit. In other words, the worst you could do is break even.   Similarly moving your stop loss to break, when it is appropriate, helps to cover trading expenses. If your average trades are big wins and small losses, you are much less likely to be frozen by trading paralysis.   Lower Your Leverage Lowering your trade size is one of the easiest ways to lower emotional stress in trading. I spoke earlier of using a low fixed percentage per trade (preferably 1% or less).   Most novice traders, however, do not utilize low leverage. In fact, they usually overleverage and overtrade their accounts down to nothing.   With lower leverage, you are naturally less emotionally involved in a trade, because you have less at risk. Less risk always means lower stress.   If you are trading 3%, 2%, or even 1%, and your losses are making you a little gun-shy, you might find your trading is much more enjoyable and profitable when you lower your leverage.   Increasing the trade size, or leverage, has the opposite effect. Stress levels are bound to rise with increased leverage, which can bring on the tendency to over-analyze trades. All this makes it that much harder to pull the trigger on profitable trades, and opportunities are missed.   Clearly, trading paralysis is an issue that can affect any trader or investor. If the emotions that lead to this condition are left unchecked, you may soon find yourself taking, or not taking, trades based on them.   Trading is a highly emotional and psychological performance activity. The best traders learn how to control their emotions, so that their performances are not affected. Controlling the fear associated with trading paralysis, or analysis paralysis, is just another part of improving your overall performance in trading.

Many novice traders, and many so-called experienced traders too, fall victim to one of several mental situations that can cause them to sabotage their own trading and profits.   Trading consistently and profitably is an extremely difficult task, and there are certain traps of which you should definitely be aware.   Below are 5 common ways that novice traders sabotage their trading profits:   1. Trouble with pulling the trigger.     This can also be a case of analysis paralysis. Sometimes traders tend to immerse themselves in their research. They want to learn as much as they can, which is commendable, to a point.   However, traders can go overboard with this. Instead of learning a few technical indicators, they want to learn about all of them.   Perhaps they set up a system that requires 15 indicators, plus the sun and the moon, to all be in perfect alignment. Or perhaps you have a fairly simple system that you plan to trade, but you freeze at the first entry signal.   Whatever the cause, this is definitely a fatal flaw in your development as a trader. The most profitable trading system in the world is useless if you don’t trade it.   You can’t make any money if you never place a trade.   2. Exiting winning trades too early.     There is a natural human instinct to grab what you can, when you can. I’m sure it stems from our caveman ancestors, when grabbing might have meant the difference between life and death. We even have a phrase for it:   “A bird in the hand is worth two in the bush.”   If you are in a trade that is going in your favor, your brain is probably screaming at you, “Lock it in! Sell while it’s up!” Greed and fear rule the markets.   Greed, you want more. Fear, you don’t want to lose what you have. These two powerful emotions are hard to tame, but tame them you must.   Consider my own personal situation – I bought gold several years ago, at about $600 per ounce. I sold when it hit $1,000. And of course, we all know what has happened since then.   You have to let winning trades develop.   3. Holding onto losers for too long.     Here is the flip side of selling winners too early. We have all held onto losing trades for too long, praying they would come back into profitable territory, swearing we would sell the moment they broke even.   It’s almost like a rite of passage for traders. Of course there are smarter ways to trade.   If your system employs stop-loss orders, you must NEVER EVER cancel them and allow a trade to go further against you. And if your system does not employ stop-losses, then you need to get one that does.   I saw an article that compared trading without stops to washing windows on a skyscraper with no harness. Sure, most days everything is fine. But on that one day when you fall, you will not be washing windows ever again.   Good traders know that trades frequently go wrong, and they prepare for it. Don’t let your lack of stop loss orders deal a fatal blow to your trading account.   Always use a stop-loss.   4. Following the crowd/herd mentality.     A group of people can sometimes come up with the best solution to a problem, if they are performing rationally. But crowds can descend into panic and madness in the blink of an eye.   Have you ever watched a crowd rioting on television, and wondered what could drive perfectly normal people to act so insanely?   The herd mentality can be a powerful influence when people are vulnerable. Don’t get caught up in the greed or panic of the crowd.   Remember: Most people who trade aren’t successful. Only about 5% of traders are consistently profitable.   Make sure you stick to your own rational trading plan.   5. Not sticking to your plan.     You have chosen a trading methodology after lots of careful scrutiny of available options. You know the expected gains from the system. Yet you constantly make trades off-plan.   Perhaps you don’t take the trades when the strategy signals, because it doesn’t “feel” right.   If you are doing these things, then you have fallen into emotional and impulsive trading, which will thoroughly sabotage your trading profits. You cannot expect to achieve the proper results that your trading system offers, unless you take every trade exactly as dictated.   Assuming you are using a profitable trading system, you cannot pick and choose which trades to take based on your “instincts” or emotions. You must stick to your plan to exploit the edge, if any, that it gives you.   You must let your trading plan work for you.   There are a lot of other mistakes that newbies, and veterans alike, make to sabotage themselves and their trading profits. Becoming aware of your flaws is the first step toward taking care of them, and toward making sure they never interfere with your success in the future.

If you’ve been trading a while, you’ve probably come to realise that some currencies track primary commodity goods. These are the domestic currencies of nations abundant in specific natural resources and export them in the form of raw materials for income.   A 2009 study on these currencies Can Exchange Rates Forecast Commodity Prices? by Chen, Rogoff and Rossi, has established that exchange rates of commodity currencies can be used to forecast global commodity prices. This is a reliable source of information for economists and researchers who are concerned with commodity valuation; a tricky subject in a domestic economy. It is also beneficial for investors to diversify their portfolios.     Recently, Goldman Sachs and other bodies like The World Gold Council (WGC) published reports favouring investments in gold and other commodities on account of surging commodity indices in 2019, citing that investors would continue to invest in them as a hedge against systemic risk.   Some currencies are more closely tied to commodity movements than others.   1.     The Australian Dollar (AUD) Australia is the primary global exporter and producer of iron-ore, a prominent raw material in several industries; particularly steel. In fact, 98% of the globally mined iron-ore is used to manufacture steel. The ore is also used for train tracks and other infrastructure, construction and engineering purposes, which is why the demand for iron-ore is extensive in emerging economies like Brazil and China.   Mining activities in iron-ore and gold have secured continuous economic growth for Australia, fueled particularly by the rapid urbanisation and consumerism in cities like Perth. Other commodities that share a positive correlation with the Australian dollar are high-grade copper, aluminium, wheat, wool, beef and coal.   Due to its isolated location, Australia needs to import large amounts of various goods that are not produced within the country. It is the 20th largest goods importer in the world. This can create problems in the balance of trade, which can have an impact on the domestic currency. As demand for iron-ore weakens from a slow-moving Chinese economy, the Australian dollar could also depreciate in tandem.   2.     The Canadian Dollar (CAD) The 10th largest economy in the world in terms of nominal GDP, Canada has the fourth highest estimate of natural resources, valued at US$33.2 trillion in 2016. It is also the fourth largest exporter of petroleum and natural gas. The Canadian dollar tends to have a positive correlation with lumber, wheat, soybeans and corn prices.   Crude oil extraction and mining are among the biggest contributors to the country’s foreign exchange reserves and GDP, which means rising and falling oil prices reflect on the movement of the CAD. The lumber industry in the nation has stabilised after years of activism, to adopt more sustainable models. It is important to keep track of such events, since the CAD is heavily connected to lumber trading.   3.     The Russian Ruble (RUB) Russia contains over 30% of the global natural resources, valued by the World Bank at US$75 trillion, as of 2016. It is a prominent exporter of oil, natural gas and precious metals. In addition, the Russian ruble has a positive correlation with lumber prices. The timber reserves of Siberia and the Russian Far East are the largest in the world, along with the mineral backed Ural Mountains.   It is one of the largest producers and exporters of gold and diamond. Oil and gas were consistently the source of hard currency for the country, being Russia’s number one export. However, in 2018, the RUB decoupled from Brent Crude, following US sanctions. Experts suggest that as global warming melts arctic ice consistently, several vast areas will become more accessible. These areas reportedly contain large untapped reserves of oil and natural gas.   4.     The Colombian Peso (COP) Petroleum comprises 45% of Colombia’s exports, and commodities occupy a significant portion of its exports. It has the largest coal reserves in Latin America and holds the second position after Brazil in hydroelectric power generation. Other major exports include cacao beans, rice, coffee and emeralds.   With the rapid fall of the Venezuelan economy, Colombia is now one of the biggest oil exporters to the US, which is the world’s largest consumer of oil.   5.     The New Zealand Dollar (NZD) The New Zealand dollar is the 10th most traded currency in the world. The country’s economy is highly agriculture based. It is a huge exporter of dairy products, fruit, wine, meat and seafood. Australia is the largest bilateral trading partner for New Zealand, followed by China and the United States. Naturally, the NZD has a close correlation with domestic currencies of these countries, which form high consumer bases for products like beef, milk and pine logs.   Factors That Affect Commodity Currencies Some factors that affect the prices of commodity currencies include: 1. Price of Commodities: Fluctuations in the underlying commodity prices affect these currencies. If a commodity is performing very well, then there is great demand for the associated currency, raising its value. 2. Economic Indicators: Country-specific economic indicators, such as interest rates, inflation and consumer purchase index, impact domestic currencies. During rising commodity prices, economies of the commodity-producing nations also flourish, which leads to higher domestic interest rates. Investors will sell low-yielding currencies in exchange for high-yielding ones, in what is known as carry trade. These carry trades drive commodity currency prices. Australia and New Zealand are both prominent places for carry trade activities. 3. Trade Terms with Other Countries: The demand and supply equation of commodities also affects currency prices. If the economy of a significant trade partner country is in decline, the demand for commodity exports will reduce too. This affects commodity currencies. 4. Inverse Relationship Between USD and Commodity Prices: The US dollar is the benchmark pricing mechanism for most commodities, particularly oil. It is also the exchange mechanism in most international trade contracts for raw materials. When the value of the USD declines, it becomes expensive to buy commodities. Traders should keep a close eye on the price quotes of the dollar index, to study the USD and its correlation with commodity prices.

Posted by sedatramartin

Are you afraid of success? If you are asked this question, your first response is probably an emphatic , “No, of course not!”   Everyone wants to succeed. At least, everyone *thinks* that they want to succeed.   But what if, deep down, something in you is actually *afraid* of succeeding – something that you are not even aware of? And what if this something is preventing you from reaching your full potential, sabotaging you just when you think you are getting close to achieving your goals?   This situation is more common than you may think, and it happens frequently with traders. Trading is a difficult business, psychologically, and it is extremely important to get your trading mindset right.     Fear of success may come in many guises.  It may include: - Fear of achieving your goals and yet still not being happy - Belief that you actually do not deserve to be successful and to have good things happen for you - Fear that achievement may mean the loss of others’ respect and goodwill - Belief that there are others who are better than you, who will take your place if you slip even a fraction   The negative consequences that may come as a result of your fear include: - A lack of effort toward achieving your goals - Problems with decision-making –  analysis paralysis - Self-destructive behavior, such as ignoring your trading rules - Feelings of guilt and anxiety when you do achieve your goals - Denouncing your own accomplishments and denigrating your talents   What sort of belief systems do people like this subscribe to? Below are some examples: - I am not good enough. I don’t deserve to win. - What if people don’t like me when I am successful? - My friends and family will think I am doing something illegal or immoral. - People like underdogs. They don’t like winners. - I am always afraid that I am going to lose everything that I have worked for.   Are You Afraid of Success? If you have identified any of these thought patterns in your own trading life, you may be wondering what you can do to erase them and replace them with more effective and productive thought processes.     There are steps you can take to help you overcome this fear and to instill in your subconscious a healthy respect for success and all that comes with it.   First, you need to identify your fears and define them. Ask yourself questions such as the following: - What do I think will happen if I achieve success? - Am I afraid of being thought arrogant if I tell others of my accomplishments? - What would success look like? - Who do I think I will hurt or offend if I achieve success? - How do I feel that I am undeserving, or that I will not be happy if I achieve success? - Do I feel guilt or anxiety when I think about being successful? - Am I too much of a perfectionist?   Secondly, address your goals and the actions that you have taken so far toward reaching your goals. - What have I done to achieve success? - How much of a problem do I have making decisions? - Do I sabotage myself in order to keep myself from being successful? - Do I lose momentum and motivation as I grow closer to being successful? - Do I focus on the tiny unimportant details in order to prevent myself from ever completing a project? - Do I wait for everything to be perfect before I act? - Have I ever put myself down when discussing my success with others?   Thirdly, you need to determine how you can replace your faulty thought pattern with self-affirming thoughts. - How can I make a more honest appraisal of my efforts? - How can I accept myself as successful without boasting or being arrogant? - How can I eliminate all of my excuses and reasons for not being successful? - Can I enlist the help of someone else to provide feedback and help me understand when I am being self-destructive?   Overcoming a fear of success can be very difficult since it is hard to identify it even before you begin to change it. But with very honest introspection and a serious commitment to making changes in your behavior and thought patterns, it is something that can be accomplished.   Successful trading is a tough business. Having the correct mindset for success is what separates the winners from the losers. There’s no room for fear of success, in a successful trader’s mindset. Let overcoming the fear of success be one of your first successes.

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With the right mindset and preparation, Forex trading can be truly rewarding. Yes, learning to make money and having financial freedom is something many desire.   However, there is an additional reward when you learn a strategy, and work to perfect the consistent execution time and again, watching a trade move from entrance to exit just as smoothly as you planned.   Although this is a great reward in and of itself, the fun part is being profitable. This, however, is difficult to do over an extended period of time – unless you master a proven trading strategy that can provide consistency in your trading.   The Cornflower Blue strategy is one way you can find fairly low stress, consistently successful trades in the erratic market of foreign exchange. The Cornflower Blue trading strategy has been around for a number of years now and is a proven method of intraday trading for Forex.   The strategy is based in following the trend and trading using EMA’s (Exponential Moving Average) that represent various time frames. The job of the EMA is to reflect an overall directional average of a specified time frame.   These EMA’s can be helpful in trend trading because they can help you to identify a trend, how strong it may be, and the direction it has been consistently moving over a period of time. This information can be very useful to a trader.   Example: If you know there has been a strong and consistent bullish trend, and you have an indicator telling you that it will likely continue trending up for the next day or two, then you should probably opt to trade buy positions. Trading with the overall trend, your trades are less likely to be stopped out.   The trend is your friend – until it ends!   Direction is important, but it is only one part of a successful trading equation. A solid trading strategy has a few common components to it. Direction will be one, entrance and exit will be another.   Of course, position size and profit targets vary from strategy to strategy. For instance, if you are using a scalping strategy, then your pip expectation should be smaller than if you were using a swing strategy. You must adjust your position size and stop losses accordingly.   The Cornflower Blue method is an intraday strategy and on average will yield about 20 pips, sometimes more if the trend is strong. This trading strategy is great for beginners because it helps you identify and trade with the trend.   Trading the Cornflower Blue Strategy Below is an example of what a trade with the Cornflower Blue strategy may look like. The blue checkmark shows where you could place a trade (the candle beneath the checkmark).   You see early on there is an initial breakout, then the candles consolidate, but the EMA’s show a continuation of an upward trend. There is a pullback and a bounce off of the 12 EMA (violet line). See the full entry and exit rules below.   In this trade, that one candle yielded 45 pips and you can see candles continued on for many more pips over the course of a few hours. (This would have been a good place to set a trailing stop and let your profits run.)     The basic template setup for the Cornflower Blue Strategy is: 8 EMA – Using a yellow dotted line12 EMA – Using a violet solid line24 EMA – Using a cornflower blue solid line72 EMA – Using a khaki solid line   Each EMA represents a different time frame and tells you what the market is doing in the short term, as well as in the long term, and everything in between.   The 8 EMA is the most immediate or shorter term moving average, staggered all the way up to the 72 EMA which reveals the most prevailing and long term trend for the market at that time.The 12 EMA will be the place where there is the most support when the trend is strong.   This setup should be done on the 1H chart which is where you will want to watch and typically place your trade. To establish the trend all EMA’s should be lined up in order, and heading in the same direction (up or down).   Entry: Once there has been a breakout, or the establishment of a new trend, wait until the market slows down a little, and watch for a pullback to the 12 or 24 EMA. (If it is a strong trend it will likely just bounce off of the 12 EMA.) When there is a pullback, place a trade on the next new candle.   Exit: A typical Cornflower Blue trade will run around 20 pips, but if there has been news, or it seems particularly strong, you can set your take profit for a higher pip value and just use a trailing stop to get as many pips as you can. (Or if want to be conservative, place a TP for 20 pips and watch for another pullback later in the trading day.)   Stop Loss: A good stop loss would be between 5-10 pips. When you start with the Cornflower Blue trading strategy, you may want to give yourself a little more room (in other words, widen your stop loss) initially, but as you learn to streamline your entrance timing, a smaller stop loss will be sufficient.   A few additional tips when trading with the Cornflower Blue Strategy: 1. Even though you want the 1H to be your main chart, if you flip up to the 4H, and down to the 30M and 15M, you can see if the 8, 12, and 24 EMA’s are all on the same side of the 72 EMA. This will help to confirm the trend direction and its possible strength. 2. Wait for the first 5-10 minutes for a new candle to indicate its possible direction, and then place your trade if it’s heading in the direction of the trend. 3. If your candle slows down, and your price pauses or stalls, you may want to consider exiting the trade (or at least lightening up on your position).   Contrary to what you may have heard, you don’t always need a large amount of pips from each trade to be a successful Forex trader. Risking a small amount per trade and gaining a small amount of pips consistently over time can make you rich quicker than you may realize.   Consistency is the key, though, and to be consistently profitable you must know at least one profitable trading strategy and become an expert at it. All it takes to be a successful trader is a good money management strategy, psychological discipline, and proficiency in at least one profitable trading strategy.   The great thing about the Cornflower Blue strategy is that is an extremely simple, yet reliable method of trading Forex on any major pair. It is great for beginners because of the simplicity, and because teaches you to identify trends, which will be helpful with other methods of trading as well. You won’t have to risk much, but you can potentially gain a lot of pips, without a lot of stress and worry, using this trading method.

Posted by brandywalker

With following of balanced system Strategy and using multiple Indicators you have a grater chance to enter into a winning trade.   - TimeFrame: 1 hour recommended works on others as well - Symbol: EURUSD preferred but it works on any currency - Risk: MAX 1% of account equity per order - Indicators:           - Moving Average (200 EMA)           - Relative Strength Index (RSI 14)           - Stochastic Oscillator (14, 3, 3)           - MMA Colored_v3 (Fast: 5, Mode_Fast: 1, Slow: 10, Mode_Slow: 1)     Balanced System Strategy Overview: Make sure you have your chart setup right as above for the Balanced system strategy to work. You can download all indicators below. For better results make sure you do NOT trade at least 30-60 minutes before major news releases. Also make sure if you still have open order when major news is about to hit make sure you set your BE and SL appropriately.   We will be entering BUY orders only if PA is above EMA 200 or SELLing orders only if PA is below EMA 200. First sign to enter the order is when EMA 5 crosses EMA 10. If it crosses above then BUY orders should be considered. If it crosses below then SELL orders should be considered. For confirmation you should always check RSI that for BUY orders RSI is above 50 and for SELL orders RSI is below 50. Second confirmation is Stochastic that its moving up and should be below 80 for BUY order or Stochastic is moving down and it should be above 20 for SELL order.   Balanced System Strategy Entry Rules: - if PA is above EMA 200 then consider only BUY orders if its below EMA 200 then consider only SELL orders (if EMA 5 and EMA 10 and EMa 200 are really close together consider skipping the signal even if all other signals are good to go. - if EMA 5 (green) crosses above EMA 10 (orange) after candle close this is our first confirmation signal for BUY order if EMA 5 (green) crosses below EMA 10 (orange) you should consider SELL signal - for BUY order RSI is ABOVE 50 and for SELL order RSI is BELOW 50 - for BUY order Stochastic needs to be going up (raising) and needs to be below 80. For SELL order Stochastic needs to be going down (dropping) and needs to be above 20.   If all above conditions are meet you can enter either BUY or SELL order based on your signals Balanced System Strategy will work only if you follow all of the above steps.   SL should be set below previous swing low or swing high. Second option is to set SL below 200 EMA.   Please note: - DO NOT Trade at least 30 minutes before major NEWS is scheduled! - If EMA 5, EMA 10 and EMA 200 are close together wait for a better signal - DO NOT trade if EMA 5 does NOT cross EMA 10 so that its clear that it crossed!   Balanced System Strategy Exit Rules: - Exit BUY trade if EMA 5 crosses below EMA 10 and exit SELL order if EMA 5 crosses above EMA 10. - Exit any trade if you think PA will move against you due to a Support & Resistance levels. Better take some profits then no profits.

Posted by rodneyevans

Symphonie Matrix Strategy is easy strategy for beginners where Trend, Emotion, Sentiment and Extreme work together to form musical winning strategy. When you put that on screen you get a very powerful system for beginners and intermediate. This strategy goes well with support & resistance lines to time and predict exit out of market.     First in order to be able to play with the strategy you need to get the Symphonie Matrix Indicator for MT4 and install it on your MT4 / MetaTrader 4 Platform. - TimeFrame: 5 minutes (preferred) works on all other TFs - Symbol: any currency / best on EURUSD - Risk: MAX 2% of account equity per order - Indicators: Symphonie Matrix Indicator for MT4   Symphonie Matrix Strategy Overview: This Symphonie Matrix strategy is best used on 5 min timeframe but was successfully tested on all timeframes. First thing after you install the indicator is to fine tune the settings for the timeframe you want to use it on. Indicator supports multi-timeframe options and you can drag and drop multiple indicators on the same chart to get MTF indicator (you only need to set the ForceTimeFrame option). There are other options in Symphonie Matrix Strategy for Trend, Emotion, Sentiment and Extreme. Fine tuning that based on your trading and based on each timeframe is unique. For me the default options which are already set work great.   Symphonie Matrix Strategy Entry Rules: We will be entering the PENDING BUY / SELL order when all four colors turn same color. Blue for BUY and RED for SELL as shown in the picture above. When Symphonie Matrix Indicator turns for example all RED on candle close we will place pending SELL order 5 pips below the candle wick which is in straight line with all four colors. Then we will wait for Price Action to come get the order. If any of the Symphonie Matrix Indicators changes color and Pending order is NOT hit we delete the order and we wait for the next same color rack. It is recommended that you delete the order even if it did not hit the Pending Order in the next 3-5 candles even if Symphonie matrix color is still the same and wait for the next change of major colors.   SL should be placed 20 or 30 pips away from the Pending order or previous swing high.   Please note that if your Pending order is hit you should place BE (Brake Even) to +1 or +2 pips as soon as Price Action gets 10 pips in profit! This will protect your investment if PA reverses and takes you out in negative.   Symphonie Matrix Strategy Exit Rules: - There are couple of options to exit the trade. The most recommended one is to use Support & Resistance lines and exit the trade on them. - Second option is to set TP (Take Profit) with win/loss ratio of 1:1 with SL (Stop Loss). So if you set SL to 20 pips your TP should be set to 20 pips. - Third option is to trust Symphonie Matrix system and wait for Trend bar to change color and close the order.

Posted by carolynholmes

Introduced by Martin Pring, Pin bar strategy for Forex offers an excellent way of understanding and practicing the mechanics of Forex trade. In his assertion, the trading patterns are modeled based on a specific pattern of appearance. This is compared to a candlestick with the strategy being highly applicable on major pairs and longer timeframes. The use of 1H, 4H or daily Forex charts is advised as this helps you identify the prevailing patterns before making your move within the Forex trading framework     When to enter trade under pin bar strategy Under Forex pin bar strategy, a trader can enter trade early or wait for the breaking of the pin bar. Early entry to trade gets you better prices. However, there are only minimal chances of the trade working out. In this case, the entry times in the pin bar strategy are mainly either at the close of the pin or waiting for the pin bar to be retraced. In the case of making an early entry, the risk of losses is high. Consequently, the returns attached to the debut entry are also commensurately high. With the possibility of your entry coinciding with the retracement being low, the only other reliable entry is at a later date at time on retracement. However, this comes with a considerable high risk of waiting for the pin to break. Moreover, waiting exposes you to the danger of the prices not making it to the chosen retracement level. If this happens, you lose out on good trade leading to opportunity and actual losses. Profitability of a particular method in this case depends on the position at which the pin bar closes. Even at riskier conditions, aggressive initial setting of the stop loss would lead to good trade setups leading to more deterministic conditions. To try luck on both ends, some traders opt to enter at both times with more money being invested in the more predictable entry point.     How and When to exit trade, take-profits and stop loss level settings: When planning your exit, you should consider the prevailing market conditions at the time of exit. This leads to you being classified as either an aggressive or conservation trader. In such a case, conservative and aggressive traders use different exit strategies. The below discussion illustrates how and when to exit for aggressive and conservative traders.   Aggressive trading with ping bar strategy Here, you enter a position when the right eye price repeats after the left eye close level. In addition to this, a commensurate take-profit level is placed farther. Setting it close to the next strong level offers the most prudent decision. This leads to automatic resistance to bullish positions. In such a case, you should set the stop-loss behind the nose-bar point. However, your reward-risk ratio may be affected in the event that your speculation fails to materialize.   Conservative trading with pin bar strategy Conservative traders often set their entry point below the nose bar. However, this is in most cases above the nose bar in case of a bullish setup. In addition to this, the stop-loss is set behind the nearest support or resistance level below the eyes. As a consequence, a conservative take-profit can as well be set immediately above the left eye’s lowest point. For bullish trading, the take-profit level is set above the left eye’s highest level.   Spotting pin bar: You can either use some indicators that detect pin bar or you can just keep an eye open to detect the pin bar. Remember strategy is only good in high timeframes so spotting the Pin Bar should be easy and you should have enough time to plan your entries.

Posted by andrewdoherty

Scalping on 15min is very popular trading Strategy and with Towers Scalping Strategy you can have positive return in trades. It is traded with great success!   - TimeFrame: 15 minutes (preferred) or 5 min - Symbol: any currency - Risk: MAX 1% of account equity per order - Indicators:                 - Rainbow MMA Indicator     Towers Scalping Strategy Overview: With Rainbow MMA Indicator the Towers Scalping Strategy works great on 15min timeframe. If Price is above Rainbow MMA Indicator then trend is bullish. If Price is below Rainbow MMA Indicator then trend is Bearish. For the Towers Scalping Strategy to work you need to watch for Price to move towards Rainbow MMA Indicator. When Price reaches the Rainbow (wich or full candle) you check LAST 3 candles and if they are one after another rising or going down that is your Entry Point on the opposite of the last third candle. I know its confusing but you can check picture below for the explanation:     Towers Scalping Strategy Entry Rules: BUY Order Example: - For BUY order price NEEDs to be ABOVE Rainbow and going towards rainbow - When Price touches Rainbow you check LAST 3 candles (including candle that touches Rainbow MMA Indicator we label it CANDLE 1) - Last 3 candles NEED to be going lower and lower with making lower highs (marked with BLACK line on below Image) - When candle closes you set PENDING order just ABOVE last CANDLE 1 wick (marked with BLUE line on below Image) - you wait MAX 2-3 next candles if Pending order is HIT take the ride to profit but if its not, delete the pending order and wait for new opportunity. - you should set SL on the opposite side of the BUY Order Candle 1 - TP is 1 times of SL so the risk / reward ratios is 1:1     Towers Scalping Strategy Exit Rules: - When TP is hit which should be 1 times of SL with risk / reward ratio of 1:1 - Second Option is to take out half order on TP and set BE to +2 pips and then let it run and exit on support / resistance levels

Latest Indicators
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The timeframer indicator shows the high low currency price of the last candlestick on the following timeframe’s: Daily, 4 Hour, 1 Hour, 30 Minute, 15 Minute, 5 Minute and 1 Minute. Bullish last candle: green, Bearish last candle: red.   GBP/USD 1 Hour Chart Example  

Posted by mikehodgson

The AutoFibo indicator automatically calculates and draws the Fibonacci retracement levels on the Metatrader 4 charts. The retracement levels include: 0.0%, 23.6%, 38.2%, 50.0%, 61.8% and the 100% level. The 0% to 100% trading range represents the move from bottom to the top.   The most important retracement level to keep an eye on in forex: 38.2% level. Fibonacci traders typically watch this level to go long in an uptrending marktet or go short in a downtrending market. Use other indicators to pin-point your entry.   USD/JPY 1 Hour Chart Example  

BBands Stop is a trend following MT4 indicator that works on all time frame’s for all currency pairs. Green colored dots suggest uptrend. On the contrary, orange dots suggest downtrend.   Trading Signals BUY: Open long position at the first green dot and trail your stop 1 pip below the green rising dots to lock in profits.SELL: Open short position at the first red dot and trail your stop 1 pip above the red falling dots to lock in profits.   Reverse your initial trading position when the dots change color (red to green or green to red).   EUR/JPY Daily Chart Example  

This indicator is only designed to trade 5 day high low price breakouts. It draws two lines – 5 day high price and 5 day low price.   Trading Signals BUY: Buy a close above the 5 day high price.SELL: Sell a close below the 5 day low price.   GBP/USD 1 Hour Chart Example  

Posted by martybonner

The EMA Trend indicator is composed of 4 exponential moving averages. It identifies primary trend direction for any currency pair. Default indicator input values: FastMAPeriod: 21, SlowMAPeriod: 34   Trading Signals BUY: Buy a close above all EMA lines.SELL: Sell a close below all EMA lines.   GBP/USD Daily Chart Example  

Latest Experts
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Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per day (rembember: not quantity but precision matters!). Hyper EA Pro uses a dynamic Take Profit and a fixed Stop Loss.   Hyper EA Pro, as Forex Real Profit EA does not require a big initial deposit. You can start with as little as just $100 (however we do recommend $300 as starting capital). Soon enough you will see Hyper EA Pro quickly increasing your deposit.   Features of the Hyper EA: Type of strategy: Scalping Platform: Metatrader 4 Currency pairs: EURUSD, GBPCAD, GBPUSD, USDCAD, EURCAD, USDCHF, USDJPY Trading Time: Asian session Timeframe: M15 Recommended broker: XM

Extreme FX profit indicator and EA was made by Kishore M. Below you can find characteristics of this forex trading tool:   -Whenever there is profitable trade detected, it will automatically pop-up an Order Window for you to enter the trade. Target profit & stop loss are automatically set for you.-Easy-to-setup automated Buy/Sell arrow indicators on your trading chart-Over 90%++ winning accuracy (proven live-trading record)-No trading experience required-Works on all MT4 platforms-Works with all major currency pairs-Works 24 hours at anytime of the day/night-Works on ALL timeframes (recommended timeframes are 15 minutes, 30 minutes, 1 hour) so that you can make much more profit within a much shorter time)-You can choose if you want to enter the trade or not (flexibility for seasoned traders)-We have also include a powerful step-by-step video in showing you how to maximize your profit with this trading system.-The system is designed by an elite team using my proprietary Trading strategies backed up with 2 decades of my trading experience.

Posted by melvinjones

The new Forex Hacked Pro is multicurrency scalping robot (expert advisor) and now it can trade on nine currency pairs at the same time.   Forex Hacked Pro works using the martingale method, however entries into the market are made based on three scalping strategies , which increases the propability accurate inputs and reduces the potential danger from the ordinary course of trade by the method of Martingale.   Features of the Forex Hacked Pro:•Platform: Metatrader4•Currency pairs: EURUSD, GBPUSD, EURCHF, USDCHF, EURJPY, USDJPY, EURGBP, AUDUSD, USDCAD•Trading Time: Around the clock•Timeframe: H1   Naturally, testing history for Forex Hacked Pro performed for each pair separately. But in the real trading, the developers recommend installing EA with recommended settings sets (files. set) for all nine pairs to thereby to diversify risks. Of course, this makes some sense as large drawdowns moments do not occur simultaneously on several pairs, which can be clearly seen in the graphs backtest.   Forex Hacked Pro works using the martingale method and so is very dangerous and can lead to complete loss of the deposit. But with timely withdrawal profits earned, can be quite profitable. A timely withdrawal of profits of the initial deposit automatically makes Forex Hacked Pro break-even.   In the archives you will find following files:•Forex Hacked Pro.ex4•audusd.set •eurchf.set •eurgbp.set•eurjpy.set •eurusd.set •gbpusd.set•usdcad.set •usdchf.set •usdjpy.set

Posted by ginamiller

Note: the software is a MetaTrader Expert Advisor (EA), although it is not a trading robot, and does not open trades on its own.   For my awesome strategy I use the PARABOLIC SAR, the GATOR indicator, and the WR indicator.   BUT, the most important thing is, you don’t have any reason to worry about – I did the job for you You will get ALERTS, so you’ll never need to sit close to your computer screen and wait till all the conditions are met!   I’ve built this automatic alert for you, so you can get the alert, come to your platform and open the recommended trade.   You can see that the blue thumbs up icon shows the recommended direction, the entry price which is marked with blue line, the stop loss marked by the red line and the final profit target that’s marked by the green line.   So all you have to do, is open the recommended trade.   As an addition you can see on the top right corner, written in red:recommended entry point level, SL, TP, so you can easily use this information to enter your trade.   You can see on the top left the signal information as well.   So there is no way you’ll miss it    When you set the target price (Take Profit) I recommend the following:Open 2 identical positions, set the same SL for both of them, but for one set the recommended take profit, and for the second trade set a take profit that is half the amount of pips than the recommended.   For example, look at the picture above: the entry point is 1.6358 and the SL is 1.6210, it is 148 pips. For the second target, set 74 pips as the take profit.   This is all you need to know to use the Forex Secret Agent.   Now go on and maximize your profits.   I remind you that you can this strategy on the following pairs:GBPUSDEURUSDEURJPY   And on the following timeframes:15 min1 hour4 hours   If you want to use it for more currencies you can get it in my advanced software: Forex Secret Agent Advanced.   Also, if you’d like to use a robot to manage the trade for you after you entered it (like I do), get my Forex Secret Agent Trade Management EA.I wish you good luck, and profitable trades.

Posted by staceyswart

Forex Over Drive is a automated forex trading EA (expert advisor). Here is original description coming from authors:   Utilizing our innovative system that was built from the best and brightest, utilizing advanced strategies, you can now EASILY profit through Forex Over Drive software, an automated forex trading robot that does all the work for you.   Forex Over Drive has been put into action hundreds and hundreds of times, successfully providing us profits over and over. The forex robot allows you to sit back relax and make money.   Unlike other forex robot software, Forex Over Drive, has been recently developed from years of research and development from professional forex traders in the industry.   What if you could potentially earn hundreds or even thousands of dollars within the next 30-45 days? Better yet, what if you could earn a substantial amount of money while sleeping, eating, working, and relaxing? Well, with Forex Over Drive it is possible.   Unlike many forex trading robots out there who promise to double your income overnight, Forex Over Drive is a fully automated program that offers proven results. It makes careful and confident trades that generate you cash flow while minimizing risk. How do I know? …Because we have personally tested this product over and over for quite a long time making sure it is perfect before we released it to you.   In fact, we have done multiple LIVE tests with our own money to make sure this product would work: recently we deposited $150 into our trading account. Within less than 1 month we accumulated $808.54. If we can do it – without much effort – So Can YOU!

Latest News
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Euro fell on Tuesday for another session away from five-week highs on risk aversion as the coronavirus second wave ravages the world.    EUR/USD fell 0.1% to 1.1796, after closing down 0.4% yesterday, the second loss in three days away from five-week highs at 1.1880.    The dollar index rose 0.1% on Tuesday against a basket of major rivals for another day.    France and the US marked fresh record highs in Covid 19 daily infections for two subsequent days, while Spain announced a new emergency state.    Investors now don't expect the US to pass the new Covid relief bill before the November elections, while UK-EU talks continue in an attempt to reach a trade deal in a few weeks before the final Brexit.

USD/JPY tilted lower in Asian trade following earlier data from Japan and ahead of US data today.    As of 07:00 GMT, USD/JPY declined 0.10% to 104.74, with an intraday low at 104.68.    From Japan, core consumer prices fell 0.1% in September y/y, while analysts expected no change.    From the US, durable goods orders are expected up 0.5% in September, while core orders are estimated up 0.3%.    US housing prices are expected up 0.7% in August, slowing down from 1% in July.    US Richmond manufacturing index is expected down to 18 from 21 in December, while the consumer sentiment survey is expected up to 102.1 from 101.8.    The World Health Organization reported 42.97 million global coronavirus cases so far, with the death toll standing at 1.152 million.

The British pound fell against the US dollar on Monday, weighed down by concerns about the coronavirus crisis and Brexit uncertainty.   British Prime Minister Boris Johnson warned that if no agreement is reached, the UK would have to accept a no-deal Brexit scenario.   This came as coronavirus spreads rapidly at record rates in the UK and several European countries, which forced multiple countries to reinstate partial lockdown measures.   The coronavirus continues to cast a shadow over many European countries, including France, Italy, and the UK, after the US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.   GBP/USD fell 0.2% to 1.3022 as of 21:18 GMT, the pair hit an intraday high of 1.3074 and a low of 1.2993.

The US dollar rose against its peers on Monday, on safe-haven demand amid growing concerns about the coronavirus crisis.   The record spike of infections in several countries, especially in Europe, has led to re-imposing partial lockdowns and quarantine restrictions.   The US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.   While the November 3 US presidential election is approaching, the race has intensified between the Republican candidate Donald Trump and his Democratic rival Joe Biden.   This came amid the lack of an agreement between the US Congress and the White House on the second Covid-19 aid package.   The dollar index rose against a basket of currencies by 0.3% to 93.02 points as of 19:20 GMT, after hitting a high of 93.1 and a low of 92.7.

The Canadian dollar fell against most currencies on Monday, amid growing pressures on oil prices due to concerns about the coronavirus crisis and the reimposition of lockdowns to curb the second wave of infections.   The US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.   The American health authorities stressed their readiness to contain the disease, adding that efforts in tracking and testing are continuing.   From the oil market, WTI crude November futures at Nymex fell 3.3% to $38.5 a barrel as of 17:19 GMT, after hitting a high of $39.7 and a low of $38.2.   Brent December futures fell 3.2% to $40.4 a barrel, with a high of $41.6 and a low of $40.2.   As of 17:34 GMT, CAD/USD fell 0.7% to 0.7566, after hitting a high of 0.7623 and a low of 0.7565.

Hottest Discussion
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What is a currency index:An index of a currency is the trading volume or trading weight value of the currencies of other countries at a higher rate than the currencies of one country. Which has been the official forex base currency since 1973. So the highest base currency is the USD whose indexing calculation can be used to measure the value of the Ananya currency. So in today's currency index discussion the index currency is USD i.e. USD index USDX.The USDX is calculated with the trading value against the USD of the currencies of 22 countries over a total of 8 major currencies.The currencies are:Euro (EUR)Yen (JPY)Pound (GBP)Canadian dollar (CAD)Krona (SEK)Franc (CHF)Now the question is how to include 22 countries in 6 currencies? Yes, we know that there are 16 countries in the European zone, all of which have a single currency, the EUR, and the USD has a trending value against the single currency of Japan, Britain, Canada, Sweden and Switzerland. The simplest thing is to find out how much the USD is running against different currencies, which is called Indexing, since we will find out the index of USD, so it is called USDX.USDX Currency Country:Let's find out now which currencies are most involved for USDX i.e. how much of which currency is USDX for trading. Notice the image below:     The EUR is a huge part of the figure for USDX. In second place is Japan, followed by Great Britain. Thus you see a ratio of country-based currencies, with 50% of USD currency trading and more trading against the EUR. The remaining 30% off the chart is traded with unique currencies. The EUR plays the most important role for the USDX dollar and the USD is the most affected by the EUR. That is why USDX is called "Anti-Euro Index". The USDX is not calculated in the Forex market, but rather the large financial institutions that are there calculate the USDX to balance their trade or economy according to their needs. Since USDX is a global concept, many financial institutions use this formula to keep their economies afloat or to conduct business accordingly. One such institution is the Federal Reserve. They calculate the USDX as "trade-weighted U.S. dollar index". Hope you got a good idea about USDX.USDX Formula:USDX = EUR * 0.576 x JPY * 0.136 x GBP * 0.119 x CAD * 0.091 x SEK * 0.042 x CHF * 0.036· When the USDX starts to fall, it means that the exchange traders are selling the USDীত Conversely when USDX starts to rise then exchange traders start to buy USD.How to read USDX chart:The USDX chart is a type of chart similar to the unique currency chart whose index is calculated on a daily and weekly basis. In this case the INDEX General value of 100.00 is calculated on a Base basis. For example, when the USDX goes up, the USD value increases. If USDX is 110 then USD value increases by 10%. Again when USDX falls to 90 then USD value decreases by 10%. Remember that since we are talking about USDX, its reflection will be around the USD currency, which is why I see the reflection of USDX rising or falling, but in my USD currency. So far the USDX level has reached a high of 160 and a low of 78.   Why useঃAs mentioned earlier, the trading weight of USD can be measured with a unique currency through the USD Index. Since the combination of many currencies is USDX. So it is possible to forex those currencies through USDX. The effect of the strong or weak behavior of the USDX chart plays an important role in the forecasting of unique currencies. Just as we use Support and Resistance, Candlestick pattern, technical analysis or various other strategies in the case of trend lines and price forecasts, the trending trends of those currencies can also be understood through the effect of USDX or the flow of this chart.How to use: Since the index chart of USDX is EUR / USD, GBP / USD, USD / CHF, USD / JPY, USD / CAD based on trading volume. The trading strength of all these currencies against USD is USDX. So notice that when the trend is down in the EUR / USD daily chart, the trend is reversed in the USDX chart.   This time look at the EUR / USD Daily Chart   If you consider the above two charts, you will see that they are slightly opposite to each other. Because we already know that the main traded currency of the USDX chart is EUR so this currency hits the USDX chart more. Thus the next movement of the charts is predicted according to the country based and the traded volume of USD with their currency.Currency co-relation needs to be discussed to clarify this issue. And different Currency Strength Indicators are used to get their Forecasts by combining unique currencies with USDX. Understanding the currency co-relation will get you magic on how 4-5 currency charts create a reverse trend against a USDX chart. Today I tried to give a good idea about USDX. We will discuss currency co-relation in detail in the future.   You can see the USDX chart in your Meta Trader, in which case you need to use two indicators.First download the USDX indicators below from attached files:1. Copy to your Meta trader \ experts \ indicators.2. This time open Meta Trader and bring the Create $$ USDX indicator to the EUR / USD chart and enter the timeframe value in the time frame in which you want to view the USDX chart from the Input variable, 15M, 30M, 45M 1H as desired.3. Go to Open offline from the File menu and bring the chart you created. (Originally written offline chart and it is but live chart)   Thanks.

I am not a professional forex trader. I have heard from one of my brothers in the area, professional forex trader, that he earns a minimum of 635000-600000 taka per month from forex. So I am interested to join forex. I wanted to learn Forex from that brother and he promised to teach me and make expat like him. So I kept waiting for him with eager interest and one day I got bored at his house. He is one of the few people who can do forex. He told me that it will take at least 1-2 years to learn forex and he does not have time to teach me. , hurricane r candle stick o Hobby Jabi has a friend of his Nikki to learn from his forex coaching.I said brother, you are your expat, you teach me, he showed me excuses and said goodbye to me. When I lose, then the profit becomes minus, then the mind becomes very bad. I thought Forex is not for me. In the meanwhile, during the news release, in less than 1 minute, I made $ 24. I fell in love and interest in Forex. I made a big loss during the news release. I was on my way to say goodbye to Forex. I did a miracle one day in between. I don't even know how it happened to me. Since then I have been in a dilemma for 14-35 days and I have Professional TRADERS of Forex. The main source was caught. Now my Balance $ 855 I only trade in one euro / usd pair.After 2 daysAfter Tarabi's prayers, I met that big brother. I told him that my forex balanche is now $ 469. My brother thought I was doing a demo.Brother, I am joking, I don't know who left. After that, I picked up the SCREENSHOT of my forex balan and showed it to him. I don't think I need fundamental, trechni analysis, price action and rsi, adx, hurricane for money income in forex.This is the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject, and it's the first time I've read a book on the subject.When they do not share. And this is the formula of 2-3 minutes, whether it is heard or not, you have to do only three things on everyone's mt4 or mt5 indicator.I am very fond of thisP.F.T.S.T.S.R (PROFESSION FOREX TRADERS SECRET TRADING SYSTEM REVEALED)I will appear with you in the video. I will share it with everyone for a certain fee. Join my group and you will need a jar jar to join the group by texting me on Facebook. 20-25 people will be given. There will be no loss, only profitable professional forex traders can earn money. And Zara Pandit, they will be 100 hands away. I have given proof pictures. If anyone wants, I will give the video. Apply to the group. I think I will give the number on the mobile. Thank you.Who will get this Forex Formula (P.F.T.S.T.S.R) and join my Forex Group.1. Those who have minimal ideas in Forex2. When did he do forex before or is he doing it now3. You can invest capital in Forex4. You are in Forex but you are losing5. You can forex but very few inches6. Those who can deposit big money in FOREX are MOST WELCOME.Who will not get this Forex formula (P.F.T.S.T.S.R).(Because there is no point in wasting money if you can make money by buying formulas from us).1. Those who do not have the latest ideas in Forex.2. He has never done forex before or now3. You can't invest capital in Forex4. Do not understand forex5. Demo and never did.6. The lazy and more learned man that can change my needle.Last wordA very important point is that I am not a professional forex trader and the formula I will give you is the theme of professional forex traders which they never share. And I know many professional darlings who are wearing my writing here know this formula and maybe understand that I am giving the formula (P.F.T.S.R) to everyone on any subject.I think if my Dara benefits 10-15 more people then it is much better. Because their money is no longer out of my own pocket, they are working hard and earning income. I hope everyone understands. It will be good.God bless you      

1. Start with the basics.It is very easy to say that in order to be a trader, you must first know the basic terms of the Forex market. On a regular basis, you will learn things slowly without any haste. Eliminate the thought of becoming a great sage by learning all the things together in one day. Take your time, don't get too excited.2. Give up the thought of gaining quickly, learn to gain slowly by creating experience.If you think that Forex is the shortcut and the only way to get rich in less time then you are wrong. First, master the subject in a good way and gain experience. The more time you spend on any career, not just Forex, the more you will benefit. What difference does it make if your friend makes 100 pips at the same time you make only a few pips at the same time? The difference is experience! Your friend has been trading for the last 5 years and you have started those few days.Remember Forex is a career, not a scheme to get rich overnight.3. Be an expert.At the beginning of learning, many people first look for experts, people think that if you get the shadow of an expert, you will become an expert in a short time, I am not completely denying that. But the latent desire to become an expert is one step towards becoming an expert. Another form of expert is the result of your normal learning day by day. Because you can become an expert in the light of experience, so make your dream successful by counting your own experience. Expert's experience is completely his own. Until you cross that path on your own, it will only remain your dream.4. Use your own analysis.Following another person blindly will make you blind. Your goal is to be a successful trader so analyze your own trades by mastering the analysis methods well. If you are able to trade in your own analysis, your analysis will make you a professional trader. If you follow a self-proclaimed guru like a blind man, how will you trade when the guru stops giving his tips? So be your own guru.5. DemoThe best of all is demo trading. Demo trading will help you catch the mistakes of your new trading and help you to give up bad habits in trading. Demo trades are superior to live trades from different brokers. The test of every trading method is demo. If the demo success rate is good, use it in live trade. Use all the styles you have in the demo first. Extend the trades in the demo as you wish. Then select which strategies to use in real trade.. Learn from mistakesTake note of the success and failure of each test trade. Retire from trading for some time (may be more) in three consecutive failed trades. And give time again in the cold head after the break. Don't go live thinking about the success of the fourth time in the three times loss trading method. He started the analysis with the loss trades, where the mistake was or why it didn't work properly. Find out the right reason and move on to the next trade in Shudra.. Create good methods.Most new traders lose first. The reason is over-excitement, over-demand and pre-trading ahead of time. So, without trading too much excitement, first master the issues well, gain experience and start trading at minimum risk. Before trading every time, check and check if the trading tool (strategy) is correct. Everything you expect from the trade.. Stick to your own method.Every trading method has its pros and cons. No trading method is 100% profitable. There are 6 profits and 3 losses in 10 trades of your trading method, you are successful. In case your trading success rate may go down further, don't get frustrated or excited, update the strategy by understanding the market change and stay sticky in your strategy because only you know how fruitful your strategy is.9. Think of everything simply.There is no reason to think that your trading is too difficult. Start in a simple way, you will see that it is really easy, there is no need to create a base. Set aside time to trade at your convenience. Give less time but it is Zeno effective. In other words, if you can't give more time, then spend as much as you can for trading. If you want to start a new strategy, just think about it in time, analyze and fix it, make sure the results in the demo. And decide.10. Trade in a pair.Starting many trades at once does not put your risk level and extra stress on your head. So choose only one pair for longer trading. Many currencies may seem suitable for trading together, but trade with the currency pair that you have a good idea about. If you trade with 4-5 pairs at a time, you will not be able to understand the character of any pair well. And become a misguided and eventually lose trade.11. Trade within a certain timeframe.Practice trading in a specific timeframe, as there are many advantages to trading in a single timeframe, such as trading in a single timeframe where you can fully concentrate where many timeframes can confuse you a bit. A timeframe will help you analyze and make proper decisions, because the same chart will start different analyzes in different timeframes, so trading in a timeframe is very important, especially for beginners.

Posted by lexiegordon

One of the most important aspects of forex trading is choosing the right broker. Many traders have already faced many problems with brokers. Some people have problems with investing as they cannot choose a good broker without realizing it. Again, it has been seen that even after making a good trade, one cannot fall into the various traps of the broker and withdraw money. There are many such examples.   So today we will discuss how to choose the right broker and how to make sure that your investment is safe with this broker or how much the investment should be.Refrain from trading in the brokers in which you will get the following points.Slipage:Slipage is the difference between the price at which you want to open a trade and the price at which you can open a trade. In this case you will never be able to open or close the trade at the actual price on instant order. Solid and no dealing desk brokers do not have slippage.New Broker:This is not to say that you cannot trade in new brokers, but there are many new brokers who disappear with your capital after accumulating in the market for a few months. One broker is Kiwifxbank so be aware of investing in new brokers.Cash or product offerMany brokers open new live accounts and offer a variety of attractive products such as iPhone, Android, etc. with cash prizes. In fact, these are just a trap to get you invested. Beware of all these brokers.Fiscal Paradise:If your broker is a Fiscal Paradise type broker, think twice before investing. That when you go to withdraw money or visit their office directly, you will actually find someone there!Unknown Authority:Brokers have at least one authority when it comes to the market, but in that case you have to be clear about some things. For example, the authorized number that the broker is using is actually the authentication of his company. For example, a broker called Kiwifxbank did such a thing. They started working under the name of Kiwifxbank as a Sister Concern of an organization called Vault Market Pvt.Let's learn how to choose a solid broker.Review / Reputation:When a broker starts working, many forex bisayaks write about the good / bad, advantages / disadvantages of that broker. Such as how this broker is, how transparent its transactions are, what are its good aspects and what are its bad aspects, etc. There different traders write their respective opinions about the broker to help you find out the details about that broker. When many traders give the opinion that the broker has slips, recalls or problems in withdrawing money, then that broker should be careful.Duration:Straightforwardly, the older the broker, the greater your reliance on that broker for trading. Many brokers come every year, so study the broker to see how long it lasts, you can proceed in a positive perspective for those who have been running the business for about 3 years.Regulation:As I said before, broker regulation is a very important fact. In the case of broker selection, check whether there is a National Authority with minimum তার domestic stock exchange regulations. For example, check for CFTC / NFA for US brokers and FSA for UK brokers.It would not be wise to trade in Virgin Islands regulated brokers.Headquarters Location:Solid and real brokers trade with their physical existence because this type of financial business is not possible in Fiscal Paradise. So be sure of the broker's office location.ECN or Dealing Desk / Market Maker:Brokers are usually of two types, market makers who open another trade against each of your trades and create a market on their own to benefit themselves by keeping you away from the main market buyer sellers.ECN - Electronic Communication Network Brokers are real brokers who conduct trades by directly connecting buyers and sellers. (Read my post to know more about Dealing Desk Brokers and ECN Brokers.)You can also choose a broker and start trading knowing the broker spreads, customer support and some other details.

Posted by andrewdoherty

Why Do Forex Traders Lose? Common questions we're asked is why do Forex Traders lose when they first start off trading or when they've tried it for some time. Well, it comes down to 10 main reasons. Traders will fall into either one or more of these categories on why they lose then go off on their way and say trading isn't for them, it's too hard it's a scam. The harsh reality is they never started off their trading with the correct foundations.     Top 10 Reasons Why Traders Lose Below I've listed the core reasons and I'll cover each reason in a little bit more detail so you can prevent yourself from making the same mistakes.   1.Poor Risk Management 2. Not accepting responsibility for mistakes 3. Over trading 4. Risking too much 5. No trading strategy 6. Unrealistic expectations 7. Indecisive trading 8. Never wrong 9. Not Enough Money to Trade with 10. Focusing only on technical analysis   Poor Risk Management Most traders get into trading without understanding a thing. This includes risk management principles. When it comes to taking on risk they may think it's completely fine and logical to be placing trades by risking everything. In reality this is gambling and it's why trading has this persona of being too risky.   The professional traders are ones who understand risk, they don't gamble their money away and they only risk what they set out and no more (unless they're scaling in). Even simple tools like setting appropriate stop losses and profit targets the noob trader lacks. So before you start trading make sure to learn about real risk management.   Taking Responsibility Time and time again people and not just traders fail to take responsibility when things go wrong. What happens? The blame gets put on someone or something else. When traders get into the markets and they lose trades they try to find one single reason why it happened. BUT, it will never be themselves. So, what could it be? Did the brokers do make me lose? Did the market makers hunt my stop loss? News just made my trade fail.   All these phrases are put to blame when trading but the reality is you need to get into a habit as a trader to take sole responsibility of losses and trades. Once you do this you can actually improve as a trader but until then it will be impossible to progress.   Over Trading Over trading is one of the most common mistakes traders will make and a costly one for sure. It generally happens the most after a trader has just exited a trade whether it be a losing one or a winning one. The trader will either be emotionally happy or upset causing them to try get back into the markets.   One key fact you need to consider when trading are the costs involved. Spreads and commissions are the main ones for most traders that fall in this category. The main reason being if you keep entering and exiting tradings then you need to pay a fixed commission and spread per trade. This is what causes losing traders.   Risking Too Much Traders come into trading thinking it's somewhere to earn big where they think they need to "risk big". That's where traders make a massive mistake, they risk too much per trade which causes them to actually end up blowing up their own trading account. Even traders online will say they risk 100% which is crazy.   What you need to do when starting out is setting proper risk management principles based on your trading capital. If you start with less capital then you start leverage more which messes you up.   No Trading Strategy Beginner traders coming into the markets won't really understand the concept of a strategy. Well, everyone needs a strategy when they come into trading. It should basically tell you why you should be trading and if you don't have one then you shouldn't really be trading at all. Having a strategy allows you to stay consistent in a set of rules and principles to come up with trading ideas.   We give all our traders a systematic strategy to follow using fundamentals (economic data). Your success will basically be measured on how consistent you can execute a strategy. One big mistake is that traders come into the market thinking they can follow a technical strategy which is following lines and indicators but that's completely wrong. If you're not considering economics the strategy is useless.   Unrealistic Expectations Many people come into trading thinking it's a get rich quick thing a quick profit from the markets. One of the core reasons traders lose is because of this exact reason of setting themselves unrealistic expectations. As a trader you never get to decide how much you can make from trading, the market will decide that for you.   Something I absolutely hate is when so called traders decide how much they can make. "Make £5000 a month trading", "Quit your job" and "Work from anywhere" are all very big red flags that what they're trying to reel you in with are false dreams and hopes which are setting you unrealistic expectations.   The best traders in the world make upwards of 50% on a good year just take a look at the performance of hedge funds and investment banks. If you set yourself ridiculous expectations then it will force you to risk too much, trade too much or make even more mistakes just so you can reach the goals but in reality you'll get further and further away of what you want to achieve.   Indecisive Trading What do I mean by indecisive trading. Well this is simply a trait where traders literally freeze in fear before placing a trade so they wait and wait and wait until they think it's the right time to get in staring at price movements. Another case of indecisive trading is buying something and selling it straight away due to price action.   The harsh reality is if you had a thorough strategy and proper risk you wouldn't have this fear driving your emotions or trading activity. Having a strategy that isn't just pretty patterns and indicators will give you that confidence in your trading over the long run.   One of the factors which has surprised me is peoples financial situation. If you're not working you shouldn't trade, very simple. The reason being a psychological loss of money when you have no income is much stronger and therefore causing you to make too many mistakes. Trading is not an income it's to build existing income.   Never being wrong When you become a trader the first thing I guarantee you want to be is thinking your trades are always right. However, when trading you can never be 100% certain and having this sort of ego will get you killed. When you start thinking you'll never be wrong you end up taking on more risk. When you take on that big risk and lose you start getting upset and fall for the other reasons why traders fail.   What you need to do is accept that losing is part of the game. Keeping losses smaller than your winners is key. Some of the best traders and hedge fund managers out there have success rates of about 25-50% meaning they lose more than half their trades but when they're right they win big and when they lose they lose small.   Not Enough Money This one is really interesting reason for why traders lose and it's not really talked about. Similar to mentioned points earlier about not having a job you shouldn't be trading without one, trading is to increase existing income. However, people think they can jump into Forex and create an income. One of the biggest problems is that creators on social media create false expectations of trading basically selling the dream which doesn't exist. In reality to trade properly you need a decent start up capital. If you're trading with the bare minimum you're forced to over leverage which causes traders to lose quickly. Remember the goal to being financially stable is first having a job with income and from there you can work on growing yourself.   Technical Analysis Only Our final and probably one of the most important reason why existing traders fail is because of their overrated attention to technical analysis. What traders think they need to do is understand the charts, price and indicators. In reality technical analysis is only useful for a couple things like identifying a specific trend or timing your trades. It's terrible for trying to forecast the future direction of prices.   This is the sole reason you need to understand fundamentals to get the best probable outcome of future price depending on economic data. If you're not using both types of analysis there's a high chance you'll end up like the rest of the losing traders. Save yourself time and money by learning these reasons and improving your trading habits.

Hottest Strategies
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There is no best moving average crossover strategy for swing trading regardless of what anybody tells you.   All we can do as swing traders is put the odds in our favor by using a few technical indicators as well as price action.  We need an edge and even a small edge can build your trading account if you trade it consistently.   This swing trading strategy will use a few technical analysis tools that are designed to show us if we are in an environment that supports a trade.   We are going to use 2 moving averages to determine the direction of the trend.  For this strategy, we are going to use the 5 SMA and 10 SMA (simple moving average) The stochastic indicator will be used with the settings 14,3,3 and the levels 80 and 20.  We will use these levels to indicator an oversold/overbought market condition The RSI (relative strength index) will be set to 14 and we will use the 50 level to help confirm a strong trending environment.   Consult your trading platform user manual to show you how to apply these technical indicators onto your chart.   What A Moving Average Crossover Means   There is nothing magical about any moving average crossover.  Even the so called “golden cross” doesn’t pan out in extensive testing as having any deep meaning.  Moving averages, like all technical analysis indicators, are derivatives of price.   Moving averages simply calculate the average of X number of price points in the past.  Obviously when a trend is slowing down the price range decreases and you start getting closing prices closer to the one previous.   What may appear to be a moving average supporting price is simply an artifact of slowing price action which allows the average to catch up to price.   When we use it for trend direction in the crossover, all we are seeing the average of the previous 5 closes and the average of the previous 10 closes are getting smaller.  You eventually see the crossover occur.   We will use the cross as the first indicator for a sell signal or a buy signal.     This is the daily chart of the EURUSD.  Since we are looking at swing trading strategies, I much prefer longer term time frames for trading so swings can actually develop that have the potential to run.  Choose the time period you want to trade and be consistent.   If you are trading a daily chart, avoid the temptation to zoom in or out to a different time period to convince yourself of a trade.  You also want to monitor any current positions on the time period you entered the trade on.   A few key points:   The 5 and 10 SMA are a fast and slow moving average which we will use for the first signal in our trade setup.  They will help us define the new trend direction. The stochastic will be used for oversold and overbought. We won’t ignore the cross of the lines if they take place around the 50 level. We only care about this indicator if the moving averages have crossed. The RSI will be one more tool to see if price is either breaking down for shorts or is gaining strength for a buy signal.  This is the last variable in a buy or sell signal.   We will not ignore price action or support and resistance.  Nothing pays but price and you will see an example where price structure would have had you sitting on your hands (although the setup never does confirm).   What Is A Sell Signal?   These numbers do not represent what we see on the above chart.  That will be discussed after you learn the setups.   Wait until 5 sma crosses 10 sma to the downside Wait for the candlestick that forced the crossover to close. Look down and see if the Stochastic indicator either above the 80 level or has started to head down below the 80 level. Check to see if the RSI indicator is breaking through the 50 level If both 3 and 4 are true, then place a sell stop order 3-5 pips below the low of the candlestick Your stop loss can be above the high of the last candlestick or a 2 bar high.   What About Profit Taking?   You can trail your stop loss above each lower high to really get some home run trades.  You could also exit on the next crossover or if there is signs of exhaustion coming into the market.   I will say it again…whatever you choose to do, be consistent in your approach.  This is where using a trading plan and logging all your trades will be important.  You can’t fix what you don’t track.   What Is A Buy Signal?   Your signal to buy is the exact opposite as a sell signal.   Upside cross of 5 and 10 SMA Wait for close candlestick Stochastic is below the 20 level and rising ( or recently crossed) RSI is breaking 50 level If 3 and 4 are true, place a buy stop order 3-5 pips above the high Your stop loss can be below low of previous candlestick or 2 bar low.   Swing Trading Example Of Crossover Strategy   You can open the chart above in a new window so you can follow along.   Everything sets up nice for this sell signal.  The crossover occurs to the downside.  The stochastic has recently turned to the downside and RSI has broken 50.  We don’t get a lot of price movement here but we also have just come from a period of price movement that made up an ascending triangle. You could exit the previous trade here.  This is a beautiful buy signal as the crossover occurs, Stochastic is rising and RSI has just broken 50 No sell signal so no trade exit.  RSI doesn’t touch 50, Stochastic crosses back up around the 50 level. No sell signal as Stochastic still bullish, RSI still strong. No sell signal.  Stochastic has turned and so has the 5 and 10 SMA but RSI is still bullish.  Also notice that when RSI bottoms at 50, the black line on price is showing support structure.  We can also see the Stochastic is heading toward oversold and that combined with our support equals no trade and no long trade exit. If you missed the original long or like to add to positions, you can get on-board here.  I won’t describe it…..what do you see?   That initial long trade is up 796 pips as of this chart!   In Summary   This is a great swing trading strategy that harnesses the power of common technical indicators: Moving averages Relative strength index Stochastic oscillator   We also included common price structure (support and resistance) and we need price action to get us into the trade via stop orders.   As will all swing trading strategies on this site, test them, tweak them and prove to yourself they can work.   Please like and share this blog post is you found it helpful

Posted by finnhenry

And here we are again talking about the strategy that withstood the test of time. This Forex trading method is based on the same study of defining support and resistance levels and trading upon the fact of their violation.   A trading setup requires only an open chart and no restrictions for the currency or timing preferences.   Entry rules: Once the price makes it through the “pivot Line” - dotted white line on the figure below (drawn using the latest price peak) - and closes above (for uptrend) or below (for downtrend) the line buy/sell accordingly.   Exit rules: not set. However, exit can be found using Fibonacci method; or traders can measure the distance between point 2 and point 3 and project it on the chart for exit.   Additions: as an additional tool traders can use MACD (12, 26, 9). The rules for entry then will be next - let’s take a SELL order:   When MACD lines cross downwards, you look for 1-2-3 set-up to form. When the price starts “attacking” the “pivot Line” you check that MACD is still in SELL mode (two lines are heading down). Once the price closes below the “pivot Line” – place Sell order.     Same chart: MACD (12, 26, 9) is added.     Enjoy!

Posted by maishamrittika

Trading systems based on fast moving averages are quite easy to follow. Let's take a look at this simple system. Currency pairs: ANYTime frame chart: 1 hour or 15 minute chart.Indicators: 10 EMA, 25 EMA, 50 EMA.   Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).   Exit rules: option1: exit when 10 EMA crosses 25 EMA again.option2: exit when 10 EMA returns and touches 50 EMA (again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).     Advantages: it is easy to use, and it gives very good results when the market is trending, during big price break-outs and big price moves.   Disadvantages: Fast moving average indicator is a follow-up indicator or it is also called a lagging indicator, which means it does not predict future market directions, but rather reflects current situation on the market. This characteristic makes it vulnerable: firstly, because it can change its signals any time, secondly – because need to watch it all the time; and finally, when market trades sideways (no trend) with very little fluctuation in price it can give many false signals, so it is not suggested to use it during such periods.

Posted by holdenlevi

Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.   To start:Currency: ANYTime frame: 1 dayIndicators: 5 SMA, RSI 5   Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.Exit rules: not set.     It is a very very simple system, yet with quite impressive results.Always remember to take actions/enter the trade only after the signaling candle is closed.   This Strategy or trading idea can be used to create more advanced trading version.

Posted by laraparker

As we move forward we discover a strategy that fits only chosen currency pairs.Take a look at the next Forex trading system:   Currency pair: EUR/USD.Time frame: 30 min.Indicators: MACD (12, 26, 9), Parabolic SAR default settings (0.02, 0.2)   Entry rules: When Parabolic SAR gives buy signal and MACD lines crossed upwards – buy.   When Parabolic SAR gives sell signal and MACD lines crossed downwards – sell.Exit rules: exit at the next MACD lines crossover or if the market starts trading sideways for some time.     Happy Forex trading!

Hottest Indicators
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Posted by rodneyevans

Quote from forex-stationWe like: One of the most accurate non-repainting indicators we have used. Works in range-bound and trending markets. Wide range of Alert options. Arrows. Beginner friendly and easy to use. An all-in-one indicator for Scalping, Counter-trend trading, Trend trading and gauging the market's movements. Room for improvement: When counter-trend scalping on the smaller timeframes this indicator can sometimes cause new traders to jump in too early. Rest assured, it's a highly effective trading tool so if you do open a position early you'll find that price will eventually correct and you'll be able to close at break even or in profit. Anyone know how to use this? how to trade with this?Attached on chart seem to slow down or hang MT4.  

Posted by maishamrittika

Trading with Parabolic SAR involves the following signals:   PSAR dot is above the price - downtrend.PSAR dot is below the price - uptrend.   Parabolic SAR   Parabolic SAR indicator is a trend indicator, which tells Forex traders about price stop-and-reverse points as well as trend direction. Its concept of usage is easy to understand from the first look. Parabolic SAR appears as a set of dotted lines, where each dot represents certain time period.   When price is above Parabolic SAR dots, Forex traders should be holding Long positions only. Once Parabolic SAR dots come on top of the price - it is time to change trading positions to Short. Parabolic Sar indicator literally allows being in trade all the time.     How to trade with Parabolic SAR indicator   However, trading with Parabolic SAR is not that simple; not all Parabolic SAR reversal signals can be traded profitably. Let's turn to advice given by the developer of Parabolic SAR indicator - J. Welles Wilder. He suggests using Parabolic SAR, first of all, for trailing stops and finding the best exits.   The way Forex traders use Parabolic SAR is by simply setting a Stop loss order at the level of the most recent SAR dot appearing on the chart. Stop is then trailed along with each new Sar dot till trend remains intact. Once Parabolic SAR indicator changes its position - SAR dots appear on the opposite side of the price - the trade is closed.   Welles Wilder doesn't recommend using Parabolic SAR as a stand alone indicator. The main reason for that is: Parabolic SAR can easily create whip-saws (false signals) during periods of market consolidation. The Parabolic SAR works best during strong trending periods, which Wilder himself estimates occur roughly 30% of the time. Thus Forex traders will need other Forex indicators to identify those strong trending periods. For himself, Welles Wilder developed ADX indicator - another trend indicator - which tells what kind of trend is dominant and how strong the trend is. Upon knowing the trend and its health Forex traders can pick appropriate signals from Parabolic SAR and disregard the rest.   How do you determine the trend if you don't want to use ADX. Try 50 EMA. Price readings above it would suggest an uptrend, below - downtrend.   Parabolic SAR settings   So, Parabolic SAR is developed to keep stop loss level moving adjusting to new prices and thus locking profits on its way. The formula of Parabolic SAR includes an "acceleration factor", which allows to react to market changes fast as the trend starts to accelerate. At the beginning, new Parabolic SAR dots are placed close together and then accelerate as the trend advances.   Parabolic SAR has two variables: a step and max step. Settings recommended by W.Wilder are: a step of 0.02 and the max step of 0.2. The step sets sensitivity of Parabolic SAR indicator. If the Step is too high, Parabolic SAR becomes more sensitive and will flip back and forth more often, with lower step Parabolic SAR will become smoother. Maximum step sets a cushion between price and Parabolic SAR. The higher the max step the closer the trailing stop will be to the price.   Parabolic SAR - useful tips:   Tip 1:When space between Parabolic SAR dots increases significantly, it indicates that acceleration formula for SAR is already working. Thus, if you have missed out on an entry, it might be better to avoid late entries at all and rather wait for an opportunity to re-enter the trade with a help of, for example, Stochastic indicator.   Tip 2:Parabolic SAR is only a mathematical interpretation of the price. Even though it helps to identify initial place for a Stop, it may not be the final or best one sometimes. Forex traders who also look at support/resistance levels, round numbers, trend line etc may find even better place for Stops to be set.   Parabolic SAR indicator Formula      

Posted by dionnabown

See Why the WaveTrend is the Most ConsistentlyProfitable Trading Indicator Money Can Buy,and Why it’s Such a No-Brainer to Make Sure YouHave it in Your Metatrader Trading Arsenal.”The WaveTrend Calls Reversals with Precise Accuracy The WaveTrendDOES NOT REPAINTDOES NOT PAINT IN ARREARSWaveTrend Reversal Dots Paint at the Close of the Current Candle… Just the way we Want Them!!The WaveTrend is a Leading IndicatorNot Lagging like Most Other IndicatorsThis indicator original price 49$ at mt4 market. But im going to give for free. So enjoy your profit ..

Posted by angelacomes

100% NEW 2019 - NEURO DETECTORLatest Neural Network Technology 2019Download FileTechnology of Neural Networks - You will not find the second such indicator predicting the direction of the market movement so precisely! No delays, no signal rewriting.24/7 Global Market Analysis - It doesn’t matter where you live or what time you want to trade, the indicator analyzes the market around the clock, so you can work anytime and anywhere.Number of Signals - The indicator can work simultaneously on all currency pairs. More signals at the entrance!Convenient to Use - Due to its clarity and informativeness, this indicator is surprisingly simple and easy to use.Always High Accuracy - Signals are always specific and never redrawn!Signal Quality - The indicator has been tested by over 3000 people, the accuracy of the signals has been proven!No Defects - NO lag. NO delays. NO rewrite.Quick Start - This indicator is very easy and quick to install. Installation and full launch of the indicator do not require additional knowledge and take only two or three minutes.Multi Asset Setup - The indicator is configured to work on cross currency pairs. Increase the number of reliable signals.Signal Accuracy More than 82% - Extremely high signal accuracy, trading on all timeframes!Bonus - Additional secret indicator ($).

Hi TradersI used the Extreme Spike Indicator on the GBP/USD setup. How I use is it I wait for a Spike Low to form then trade in its direction to the upside as you can see this methods work but the indicator does repaint even though you enabled the non repaint option but the repainting has been reduced by this feature when enabled but I still think a filter is needed in order not to just trade the spikes low or high blindly so if someone has a better way to add to this indicator as a filter it would be really great as this indicator has a potential

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Posted by marlonadkins

Upgrade for Urakan, now price action only, fuck the bloody late indicatorgoing somewhere nothing else , no glossy fab scalpersGb H4.

Posted by leeroberts

This adviser gives very good results. The author of the adviser gave a week to test it only on a demo account. Try and give your feedback. Trend Hunter is a Trend Following EA. It is a conservative EA. and this EA not take entry randomly. When signal comes then EA will take entry. You no need to run this EA any selective pairs. EA has ability to analysis 35 currencies from one chart. A user can change it conservative to aggressive settings. We give all the files to users. So a user can use it his suitable settings. In ttl it is a User Friendly Robot.EA can monthly return 30-60%DD is depends on users. How much his balance and how much he want to take risk. On average EA DD 10-30% maximum.

Hey Buddys ,today I'm sharing with you a pretty simple EA that I'm using to manage my trades. It works also pretty well with other profit scalping and maritangle EA's to reduce the risk of trades.It can:1. Manage your loss / winn & stop your trades & EA's on a special point of loss / profit in 1.1 Pips1.2 Percent1.3 Amount / Money​ 2. Manage Trailing stops3. Many others Here is the full way to use it: Double-click the script to execute or attach it to the desired chart Once started EA will start monitoring current account equity and all upcoming closed trades You can set EA to close all trades and disable all EAs when account equity reaches a certain loss or profit level in percent, money or pips. You can choose multiple options like close all trades when account reach certain profit in percent or certain loss in money. You can set EA to close all trades and disable all EAs when certain cumulative profit or loss level is reached in money or pips. Profit or loss target in money depends on your account currency. If you have USD account, profit/loss target will be in USD, if your account is in USD, profit/loss target will be in USD. By default EA will manage all trades running on your account, but you can override this by setting certain magic number in EA settings. All values must be positive. By default EA is set to disable all Expert Advisors on equity trigger. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention. Note that we can not guarantee that this will affect all EAs. Some EAs (like for Renko or other offline charts) work in different mode and they can not be disabled until removed from chart. You can set EA to use Trailing Stop and/or BreakEven function on your trades. Here is the explenation of all settings:DisableAllExpertAdvisorsby default this is set to true and it means that EA will disable all Expert Advisors on equity trigger or certain cumulative profit/loss reached. This means that after EA will close all trades it will try to disable all EAs by virtually clicking “Expert Advisor” button on your Metatrader toolbar. This will disable all EAs including Equity Sentry and no trades should be opened by any EA until manual intervention.CloseMetatraderCompletelyby default this value is set to false. If you set it to true EA will close MT4 platform completely on equity trigger or certain cumulative profit/loss reached. This is very useful if you use trade copier software to receive trades as most of the trade copiers does not stop operating when “Expert Advisors” are disabled.EquityLossPercentwhen account loss equity in percent will reach this value EA will close all trades. Set this value to zero to disable itEquityLossMoneywhen account loss equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable itEquityLossPipswhen account loss equity in pips will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitPercentwhen account profit equity in percent will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitMoneywhen account profit equity in money (account currency) will reach this value EA will close all trades. Set this value to zero to disable itEquityProfitPipswhen account profit equity in pips will reach this value EA will close all trades. Set this value to zero to disable itMagicNumberthis is where you set magic number. If set to zero (default), EA will manage all trades. Set this variable to a certain value and EA will manage only the trades with the specified magic numberCumulativeLossMoneywhen cumulative profit/loss amount in money (account currency) will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeLossPipswhen cumulative profit/loss amount in pips will reach this loss level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeProfitMoneywhen cumulative profit/loss amount in money (account currency) will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.CumulativeProfitPipswhen cumulative profit/loss amount in pips will reach this profit level EA will close all trades. Set this value to zero to disable it. Value must be positive.TrailStopStartPips and TrailStopMovePipsEA will activate Trailing Stop function when trade goes in profit by pips value set in TrailStopStartPips. Once activated EA will move stop loss in profit every pips value set in TrailStopMovePipsBreakEvenStartPipssets how many pips trade should get into profit before stop loss is moved to the entry price. BreakEvenMovePips is used to set how many pips EA must add to the entry price if you want your trade to be closed in profit on reverse.Happy & Save trading!

Posted by antwanbedgood

Dear Friends in Journeyforex, I am back again with yet another release from me, Now this time, its 100% profitable and making a monthly returns of 20% minimum with low risk. I am posting the EA in this for you and just follow the instructions. Use it for your accounts and Enjoy ! you will not be disappointed.Attached Files :1. Keltner Channels Indicator [ Copy this File into Indicators Folder of MT4 datafolder ]2. KeltnerVersion 3 EA [ Copy this File into Experts Folder of MT4 datafolder ]

Posted by eloaizabel

The Robot or Expert Advisor (EA), MF Trend Trader is designed to use the currency movement trend.It uses two indicators in 4-hour Grafica to determine the automatic operations.The two indicators of the program are; A Bandit MA set to 27 (3) and another Bandit MA set to 50 (3).It will buy automatically when the price is above Bandido 27 and Bandido 27 is above Bandido 50. Automatically sell when the price is below Bandido 27 and Bandido 27 is below Bandido 50.This robot will automatically enter into commerce with each 4 hour stage and will seek to charge 13 pips of each move, unless the operator adjusts it differently.The MF Trend Trader 27-50 Robot works better and is more profitable in accounts that have Hedge ability (play both sides at the same time).Included is the indicator template used by the Robot for Metatrader 4 platform.All rights reserved to Maestro Forex.