Currency trading, more popularly known as foreign exchange, has been considered a very lucrative market today. This is because it offers opportunities for enormous profitability. If you are planning to join the bandwagon of foreign exchange, you should consider taking a currency trading training to serve as your guide upon entering the constantly changing world of currency exchange market. A currency trading training can help you establish...more
In order to achieve consistent profitability in the forex market or in any financial market you must have a plan of attack. Forex traders need a defined plan before going to battle in the market just as any military defines its plan of attack before going to battle the enemy in order to keep emotions in check and maintain objectivity. Obtaining a clear, simple, yet adaptable and concise trading method to navigate your way through the changing...more
A chartist can decide to go with a technical analysis course or they can learn by their own studying . Many a chartist goes with the idea "follow the other guy...he may know more than I do about the basics." Most chartists follow the tenet is "until it stops the trend will continue." Most chartists attempt to anticipate a trend move . Chartists are known to end up with amazing profits at one time and then big losses in another week . A chartist always tries to think about their capability to recognize the commencement of either a congestion area or a trend reversal . As trends go on, chartists stay happy . In figuring out whether a trend is going to reverse , or there is activity in a congestion area or any trend problem, the chartist becomes very unhappy .Chartists are an interesting species. He really gets off on all the wiggle-waggles . What usually happens to the chartist is that they can't see the forest because of all the trees. And they never overfill their tool bag until the end when all the information and the systems end up blocking their thinking.He looks on unreceptively and blankly for many hours at a chart , without realizing what the chart has to say. The major...more
Forex Secrets:Before starting on your Forex trading adventure, there are some essentials you need to look out for, otherwise you could just succeed at trading, and we surely wouldn't want that to happen, now would we? These Forex secrets will help you spot the most devastating blunders Forex traders commit.First of all, make sure you don't have a...more
Today, investment in the Forex market is the best method to earn money quickly. If you too intend to invest in Forex market, then taking the help of a Forex broker is a wise decision. Hence, selecting the best broker is crucial to invest appropriately and earn profits.The most significant factor to consider while selecting the best Forex broker is...more
Here's a look at the Technical Analysis Explained series where a type of trading, congestion entrance is explained.Movements in the market occur from trend to congestion and back again, in a cycle that continues without ceasing , continuing to repeat forever. As long as the markets have been around, this has occurred and no doubt it will continue happening as long as markets are around . The only times when we do not see this cycle occurring are in times where there is artificial constraint, regulation, or intervention, such as things like price limits, price fixing, and market regulation - and this only causes a temporary disruption . But as long as supply and demand can vary , and as long as human beings come together in trade ad they act on opportunity and value as they perceive it, there will continue to be congestions and trends .We can call it by many different names . Often the idea of equilibrium and disequilibrium are discussed, some speak of vertical moves and horizontal moves describing chart movements, there are some that talk about the upward movement as distribution and development is referred to as the movement sideways. Really it's all the same thing .A trend is a...more
The international currency trading market has been growing rapidly over the past few years. Also known as the foreign exchange market (forex), the international currency trading market basically allows people to buy and sell currencies. This is a...more
What is the Aberration trading system? It is a mechanical trading system developed by Keith Fitschen in 1986 to trade a basket of commodities. The trading system profitably trades the eight different commodity groups: the grains, softs, meats,...more
What is the Short Clips trading system? It is a system that uses a simple mechanical entry technique to trade a basket of commodities including: the grains, softs, meats, petroleum products, metals, currencies, financials, and stock indices. This...more
Forex trades or what we call Foreign Currency Exchange is now one of the suitable home businesses you can ever venture and invest nowadays. You can trade foreign currencies thru the internet in a 24/7 mode. This indicates that the foreign currency...more
Forex traders will use a wide variety of different price charts when trading the various currency pairs. Some will prefer taking a long-term view, some will trade the 1 hour or 4 hour charts, whilst others will trade the short-term charts such as the...more
If you are interested in getting involved in currency exchange trading, there are a few key points you need to understand before you get started. As you are probably aware, as much as 95% of traders in this arena lose money, if only a couple hundred...more