STRATEGIES TO USE FOR A PROFITABLETRADE:
The First Strategy: SIDUS METHOD:
Follow the steps below:
- 1H Timeframe
- 18 EMA & 28 EMA (put them in red)
- 5 WMA (in blue) & 8 WMA (in yellow)
The 18 EMA & 28 EMA are two red lines who form a tunnel; these will help you to determine the start of a trend and the end of a trend.
The WMA & 8 WMA will show you when to enter a trend; they will also help you to see the strength ofthe trends.
Entry Signals:
You should only open a position, when the red tunnel is extremely narrow or crossed.
LONG: 5 WMA & 8 WMA cross the red tunnel upwards.
If the 5 WMA also crosses the 8 WMA upwards, then the signal is extra strong.
SHORT: 5 WMA & 8 WMA cross the red tunnel downwards.
If the 5 WMA also crosses the 8 WMA downwards, then the signal is extra strong.
Exit Signals:
Signals that show the end of the chosen trend:
- LONG: The price has reached a top and 5 WMA dives under 8 WMA , you close your opened position
- SHORT: The price has reached a bottom and 5 WMA jumps above 8 WMA, you close your position
Always close your position when boundary’s of the red tunnel cross each other or when they become so narrow that they are one. This is a clear sign of a trend reversal. After you see this, close your position and open a new position in the other way (If you were long, close, open a short position)
PAY ATTENTION!!!
When in a trade and the 5 WMA & 8 WMA cross the red tunnel, as long as the red tunnel boundary’s doesn’t cross each other there is no problem, but often this is a sign that they will!
!!! Always use a stoploss - I recommend a 10-15 pip stoploss !!!
2.
Friday, February 13, 2009
FOREX TRADING
FOREX TRADING:
The term “FOREX” stands for Foreign Exchange. FOREX (or FX as a short abbreviation) is a global currency exchange market where foreign currencies from all over the world are bought and sold for profit. FOREX is the largest and most liquid market in the world
Forex is the largest and most liquid market in the world where trillions of dollars exchanges take place every day. That’s an enormous money flow. No stock market exchange in the world come close to these numbers.
Currencies in the Forex market are traded 24 hours a day 7 days a week. Market literally follows the sun around the world. Trading moves from major banking centers of the United States to Australia and New Zealand, then to the Far East, gets to Europe and finally returns back to the States.
Trading on Foreign exchange market simply means buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for currency of another country at the current exchange rates.
Foreign currencies are always traded in pairs - EUR/USD, GBP/USD, EUR/JPY etc. Around 70% of all transactions made with major currencies like U.S. dollar, Australian Dollar, British Pound, Swiss Franc and Japanese Yen. Nowadays FOREX is available to small investors,
While in the past Forex market was not available to small investors (individuals) due to large minimum transaction sizes, today Forex brokers are able to break those large sizes into a smaller unit lots and thus offer small investors an opportunity to buy or sell currencies side by side with regular core Forex market investors such as large banks, central banks, multinational corporations, hedge funds and other financial institutions.
Forex market is huge and plunging into trading without knowing its rules, will be equal to swimming in the pool with ocean sharks. The dominant Forex players such as banks and hedge funds have a power to influence market moves and currencies exchange rates. For inexperienced traders investing own money in such game is as risky and uncertain as gambling. It could turn into a million fortune only in a couple of weeks or become a disaster for those who was ignorant in learning.
Forex brokers offer very big leverage to individual investors. A trader can trade at huge leverage as much as 300 to 1, meaning that for every dollar trader puts in for trading he can trade $300. For example, having an account equal to $1,000 trader can trade as much as $300,000.It is a huge opportunity, but it also is very dangerous. No experienced trader will ever trade with such big leverage unless he has a really strong argument for a particular trade, and even after that it is an enormous risk.
Is trading FOREX profitable?
Trading in the Forex market is profitable, but only for 5% out of all beginner traders who start trading Forex. New traders need to learn the basics of trading well, and practice a lot on demo accounts before going real.
Like in every business, when trading money in Forex, trader gets paid depending on his knowledge and trading experience.
The term “FOREX” stands for Foreign Exchange. FOREX (or FX as a short abbreviation) is a global currency exchange market where foreign currencies from all over the world are bought and sold for profit. FOREX is the largest and most liquid market in the world
Forex is the largest and most liquid market in the world where trillions of dollars exchanges take place every day. That’s an enormous money flow. No stock market exchange in the world come close to these numbers.
Currencies in the Forex market are traded 24 hours a day 7 days a week. Market literally follows the sun around the world. Trading moves from major banking centers of the United States to Australia and New Zealand, then to the Far East, gets to Europe and finally returns back to the States.
Trading on Foreign exchange market simply means buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for currency of another country at the current exchange rates.
Foreign currencies are always traded in pairs - EUR/USD, GBP/USD, EUR/JPY etc. Around 70% of all transactions made with major currencies like U.S. dollar, Australian Dollar, British Pound, Swiss Franc and Japanese Yen. Nowadays FOREX is available to small investors,
While in the past Forex market was not available to small investors (individuals) due to large minimum transaction sizes, today Forex brokers are able to break those large sizes into a smaller unit lots and thus offer small investors an opportunity to buy or sell currencies side by side with regular core Forex market investors such as large banks, central banks, multinational corporations, hedge funds and other financial institutions.
Forex market is huge and plunging into trading without knowing its rules, will be equal to swimming in the pool with ocean sharks. The dominant Forex players such as banks and hedge funds have a power to influence market moves and currencies exchange rates. For inexperienced traders investing own money in such game is as risky and uncertain as gambling. It could turn into a million fortune only in a couple of weeks or become a disaster for those who was ignorant in learning.
Forex brokers offer very big leverage to individual investors. A trader can trade at huge leverage as much as 300 to 1, meaning that for every dollar trader puts in for trading he can trade $300. For example, having an account equal to $1,000 trader can trade as much as $300,000.It is a huge opportunity, but it also is very dangerous. No experienced trader will ever trade with such big leverage unless he has a really strong argument for a particular trade, and even after that it is an enormous risk.
Is trading FOREX profitable?
Trading in the Forex market is profitable, but only for 5% out of all beginner traders who start trading Forex. New traders need to learn the basics of trading well, and practice a lot on demo accounts before going real.
Like in every business, when trading money in Forex, trader gets paid depending on his knowledge and trading experience.
INTRODUCTION:
You are welcomed to this lovely and aspiring blog (http://www.investment-arena.blogspot.com/). In this blog you have the full knowledge on how to invest online and make millions of dollars. There are some tricks/ skills/ strategies which i will be giving out here always to interested people who are willing to make it on via legal means.
The investments online we will be talking about are as follows:
You are welcomed to this lovely and aspiring blog (http://www.investment-arena.blogspot.com/). In this blog you have the full knowledge on how to invest online and make millions of dollars. There are some tricks/ skills/ strategies which i will be giving out here always to interested people who are willing to make it on via legal means.
The investments online we will be talking about are as follows:
- Forex Trading which will includes strategies and indicators,
- Domain Name Registration (Buying and Selling),
- Online Affiliates programs,
- How to create a Paypal Account and been verified here in Nigeria,
- Free Antivirus and freebies at your finger tips
Have a great time reading and building a great career.
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