Many people who day trade the forex markets use pivot points because they are lines on the chart that act as natural areas of support and resistance. You have the main pivot point as well as the S1 and S2 lines and the R1 And R2 lines (S = Support, R = Resistance). Each of these lines are useful, particularly the main pivot point, but they should not necessarily be used in isolation.The main problem you have is that sometimes the price will hit...more
How do you know which currency is going to come in the winner? Study, you'll have to study your charts and trends until your eyes burn. A strong trend is what the banks knew and followed in the beginning when other smaller investors weren't trading and the trend is what you need to follow as well in Forex currency trading.How Does Forex Currency...more
When it comes to quality of life and freedom, Trading Forex or Stocks beats the 9 to 5 rat-race day job hands down!I can tell you that for sure...The fact is, it doesn't matter how "good" the rat-race is, it's still a rat-race. What that means is, you could be earning a ton of money and get all sorts of fancy perks from your job. But you know...more
Many people want to know how to predict future prices in Forex trading. To do that you have to be at the "right place at the right time." This is true of hedge fund traders who made billions shorting the subprime market in 2008 or whether you are sitting in front of your computer trading a certain currency pair on a specific currency time frame. In both cases, it is important to be at the right place at the right time.Looking back at how you trade, you can probably remember times when you entered a trade and "whamo" price took off and you made money. You were at the "right place at the right time." You can also probably remember times when the opposite happened. This post will explain why.To go to the directly to the point, momentum happened. You must be at the "right place, at the right time" in a trade for momentum to work for you.There are three kinds of momentum in the market. I will define two here to keep it simple. First, think of when the Space Shuttle prepares to take off. It takes time to get the shuttle to the launch pad, to run the tests and to prepare for the moment of take off. Often the shuttle gets cancelled however, because of the second kind of momentum.If you...more
In short, what you will be doing is to find a currency pair that is bucking the overall trend on the 15 minutes chart in this 200 EMA Forex Strategy.200 EMA Forex Strategy For Newbies Called Bucking The Trend By: Ahmad Hassam About...more
==> Visit Forex SAS Official WebsiteForex SAS Giveaway Announced By: Rob Trader About the Author Rob Trader - Forex Experthttp://tradingtoollist.co.cc/ (ArticlesBase SC #3101766) Article Source:...more
There are lots of vendors online trying to sell sure fire trading systems and robots which they claim, have found the secret of Forex trading success but of course if this were true, they wouldn't sell them to you and would be concentrating on making...more