Stock brokers in orange county california

Stock brokers in orange county californiaStock brokers in orange county california

Stock brokers in orange county california

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Stock brokers in orange county california

Stock brokers in orange county california

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How to properly trade arange bound instrument,part2

How to properly trade arange bound instrument,part2How to Properly Trade a Range Bound Instrument, Part 2

In Part 1, Matthew Cherry details how traders can use the two statistics, frequency and range to help navigate sideways markets. To read part 1, click here .

In the second part of this article we will discuss the remaining two statistics, reaction time and strength . as well as start our initial development of a trading strategy.

Click here to order your copy of The VXX Trend Following Strategy today and be one of the very first traders to utilize these unique strategies. This guidebook will make you a better, more powerful trader.

Reaction time and strength are both measures of the price movement, however unlike the other statistics, these two measures are highly time sensitive. To calculate reaction time, you need to count the amount of bars that fall in to the range and divide it by the total frequency of each bound. To get the best representation of this measure you need to view the price action on a shorter time frame, one where you can break the price movement down to more precise time frames. If you do not break the chart in to more manageable time frames then you can get a very different figure that can lead to miscalculations in your trading.

The above charts are a 4h chart and the corresponding 1h chart for the same time period. Using the two charts as an example we will calculate time reaction and get two very different figures.

For the 4 hour chart we see 3 separate instances where the price reacted to the range, each with 2 bars inside the range for a grand total of 6 bars. We divide this by the number of distinct instance (3) and get an average of 2 bars which represent a reaction time or 8 hours.

However if you use the 1 hour chart we get a much different answer. Here we see the same 3 instances, however there are more bars in range because each bar now represents 1 hour instead of 4.

After counting each instance we get the following results: 5 bars in the first range (4 if you exclude the outlier), 3 bars in the second and 5 bars in the third, a total of 13 bars. This gives an average reaction time of 4 and 1/3 bars which is the equivalent of 4 hours and 20 mins. This figure is nearly half the reaction time found using the 4 hour chart and highlights the importance of choosing the correct time frame to analyze.

It is important to note that you can use an even more specific time frame, such as a 15 min chart, however it is important not to over optimize this statistic as it more appropriately used as a gauge rather than an exact trigger.

The final statistic, strength, is one of the most important statistics you need to find as it plays a very important role in determining your overall trading strategy for this setup. Strength refers to the average price movement that occurs after a reaction to one of the bounds.

To calculate the strength, you should start by highlighting the reaction of each frequency . capturing the greatest distance the price moves after it has exited the range . This is can be done by finding the high or low point (depending on the which bound it reacts to) the price reaches after reacting to a bound, then measuring the total distance from this point to the inner range bound. Below is the summary of the measurements:

Once you have calculated the distances, you can find the strength by taking the average. Additionally you can find other useful statistics such as the max movement, the median movement etc.

Now that you have all four statistics, you can start to formulate your trading strategy. The first step to this process will be assessing whether the price is still exhibiting range bound characteristics. If the price is beginning to trade only towards one bound or has consolidated significantly it could be a signal of a breakout and additional risk management will be needed. However, if the price looks to continue to trade within the range, you can use the statistics you have calculated to develop a unique trading system that will provide better entry and exit points and maintain strict risk control. Several examples of how to create your own trading system based on these statistics will be shown in the next part of this series as well as an additional analysis and risk management lessons that can be used when trading this type of strategy.

Matthew Cherry is a market analyst for TradersChoiceFX. Many more of his latest articles can be found on the TradersChoiceFX Forex Blog. You can download a free Metatrader Practice Account from TradersChoiceFX and get instant access to a special report that will teach you how to use a Forex bonus program to improve your success as an FX trader.

Online How to properly trade arange bound instrument,part2

Online currency trading most popular way of making money online

Online currency trading most popular way of making money onlineOnline Currency Trading: Most Popular Way of Making Money Online

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The Internet and the development of online technologies have brought wide chances. Nowadays we have an opportunity to get informed of the latest news that takes place in the world, be in touch with our remote friends and relatives, as well as work online. One of the recent inventions that has attracted to thousands of people and is considered a profitable way of making money from online currency trading.

Similar to Marketing Trends:

The concept of currency trading was introduced nearly thirty years before the formation of the foreign exchange market in 1970s. Currently it is the largest financial market in the world. It consists of banks, hedge funds, commercial companies, investment management firms, investors and retail brokers. The market’s daily financial turnover reaches approximately 4 trillion dollars guaranteeing traders to make huge profits. It’s in active operation round the clock five days a week. This enables traders to make a trade anytime and anywhere.

The basic concept of online currency trading is to make money by exchanging currencies. It provides clients with the possibility of not only simply buying and selling currencies but also speculating on them. Traders all the time follows market fluctuations and changes which may result from various kinds of political and economic events. This is the central point of making money based on the smallest price movements (pips) of price value.

Besides currency trading nowadays it’s widely accepted among traders to do CFD trading. a contract signed between the buyer and seller. The concept is similar to traditional currency trading and once one is familiar with currency trading can easily get involved in CFD trading which provides the traders with a number of privileges and conditions to trade more successfully and with more profit.

The Benefits of Online Currency Trading

If once currency trading was available only to great companies to make huge investments currently each of us can have an easy access to the market and start trading by depositing a little sum of money. This is due to Margin Trading according to which a trader puts a small account on the account and with the certain ratio of leverage offered by the company enlarges the profit. For example he can deposit $100 taking leverage with the ratio of 1:100 and trade $10000. This increases the potentiality to earn incredibly much money at once.

How to trade in Online Currency Trading Market?

While deciding to trade you should take into account the following factors and trade according to them.

(1) Be well informed of foreign exchange

Be well informed of foreign exchange market and learn deeply all the key features of trade. Do not do things in which you are unsure. Never follow hearsay and rumors. Trade only when you feel self-confident, and surely estimate both the positive and negative consequences of trade.

You can find different e-books and other trading tutorials which will help you in this connection. Firstly, learn what Forex market is and how you can make money based on the price movements. Without a good theoretical basis you won’t be able to succeed practically.

(2) Find a reliable Broker

While choosing a brokerage company to collaborate with you should carefully scrutinize it. Though some novice traders may underestimate the role of a broker they should realize that the most part of their success depends on a good broker. Different companies offer different services and you should find the one with best conditions.

(3) By following the advice of your broker

You can start trading firstly on demo and then on the real account. So you can trade on the platform your broker offers, like MetaTrader4 and NetTradeX. The platform is provided with all the necessary tools for you to trade. Now you would ask “How can I get this platform?”

It’s quite easy: you visit the website of the company and download the trading platform. Remember, first you should open demo account and only after gaining enough experience risk your money. Now let’s understand what the difference between demo and real accounts is. The only and great difference is that in demo trading you trade virtual money ; this is for practicing. While in real trade you risk your real money and whatever you earn or lose is yours.

(4) Use technical and fundamental analysis

Technical and fundamental analysis has a vital importance in currency trading and its erroneous application can have considerably bad consequences. Due to such analysis it becomes possible to predict further market movements.

Technical analysis is the study of different graphical patterns of currency rates. Technical analysts fix their attention on not only the current market rates but also market trends of the past. Its ideology is that price movements occurred in the past can happen in the future as well. That is the concept is based on the cyclical nature of price movements.

Fundamental analysts continuously follow the economic, social, political and natural factors that tend to affect currency values, interest rates, etc. This way of analysis is also very reliable as it’s well known that each serious economic event may have an influence on currency rates. And of analyzing the situation properly traders can make right predictions and gain profit.


Start trading when you have already understood the market and got experience on a demo account. Only after that open real account and touch your real money.

Online Online currency trading most popular way of making money online

Free$50to open fxcm micro forex trading account

Free$50to open fxcm micro forex trading accountFree $50 to Open FXCM Micro Forex Trading Account

Free $50 to Open

FXCM Micro

Forex Trading Account

New York, December 4, 2008?FXCM Micro (forexmicrolot ), the discount brokerage division of FXCM, announced today that it will be offering forex traders who currently trade with a different forex firm free $50 accounts to try FXCM Micro.

This new service provides traders with super-low spreads, automated execution, and 1K lot sizes. FXCM is confident that traders will want to continue trading with FXCM Micro after comparing it to other forex brokers.

This is not an account-opening bonus but a funded, $50 FXCM Micro account, which can be traded without any deposit from traders.

To qualify for the free $50 account, traders must be an existing client with another forex brokerage firm and be approved by FXCM.*

Put FXCM Micro to the test and check out spreads as low as 1.5 on EUR/USD. Register here: forexmicrolot/competitor-offer. jsp? CMP=PR-mcom

*Traders who have an existing account with FXCM, FXCM Micro or any of its affiliates are not eligible for this offer.

Additional Terms and Conditions: Offer is limited to only one (1) per household. After registration, qualified traders will receive approval from our New Accounts department in order to receive the $50 Micro Account deposit. You may be required to provide verification and/or supporting documentation to validate any information provided here or in your Trading Application. You must complete five (5) round-turn trades in your new FXCM Micro account, and your account must be in good standing before you are eligible to withdraw any funds from your account. FXCM reserves the right to close your account for any violation of FXCM policy or any fraudulent or illegal activity. The $50 bonus deposit will only be made in USD and is non-transferrable. For more information regarding FXCM Micro, please visit our Frequently Asked Questions section by going to the following link: forexmicrolot/faq. jsp. You can also utilize the interactive forum at forums. forexmicrolot/index. php to post questions related to FXCM Micro.

# # #

FXCM Facts

• Forex Capital Markets LLC is one of the largest Forex Dealer Members

• More than 100,000 live accounts trade on platforms offered by FXCM

• An average of $350 billion in notional volume is traded each month on platforms offered by FXCM

• In excess of $700 million in customer funds trade on platforms offered by FXCM

• FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world

Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

(FXCM Facts as of January 2008)

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Learn forex trading with a free practice account and trading charts from FXCM.

Online Free$50to open fxcm micro forex trading account

Trading commodity spreads

Trading commodity spreadsTrading Commodity Spreads

By Chuck Kowalski. Commodities Expert

Many professional commodity traders focus on trading spreads. A spread involves the simultaneous buying of one commodity and the selling of the same or similar commodity. Using spreads often cuts down on the risk of buying a straight commodity position.

The premise for the trade is that the trader expects the corn market to be stronger than the wheat market. As long as corn moves up more than wheat or doesn’t fall as much, the trader can make a profit.

Spreads can also be done within the same commodity. For example, a trader can buy July corn and sell December corn at the same time during spring. This is called a bull spread. The front month typically moves more than the further out months. If someone was expecting corn prices to move higher during the year, this would be a considered a proper trade.

Corn prices can move 10 plus cents each day, while spreads usually only move a fraction of that amount. They are considered a more conservative strategy than solely buying or selling a straight futures contract. The margin is also much lower on a futures spread than it is on a straight futures contract.

Types of Commodity Spreads

A trader can find almost any type of commodity spread to meet any outlook on the markets. This not only applies to an outlook on one market, but it can apply to an outlook on multiple markets.

Continue Reading Below

Below are the types of futures spreads that a trader can utilize.

Intra Market Spreads - These are commonly called Calendar Spreads. They involve the buying and selling of different contract months within the same commodity. For example, a trader can buy May soybeans and sell November soybeans.

Inter Market Spread - This type of futures spread involves buying and selling of different but related commodities. The commodities usually move closely together, but there may be particular reasons why one commodity might be stronger than the other. For example, a trader could buy silver and sell gold.

Inter Exchange Spreads - The inter exchange spread involves the simultaneous purchase and sell of the same underlying commodity, but traded on different exchanges. An example of this trade would be buying December wheat futures traded on the CME Group and selling December wheat futures traded on the Kansas City Board of Trade.

Trading Commodity Spreads

A trader should be more aware of the price spread between the two contracts rather than actual prices. The price spread is the difference between the two contracts. For example, July corn is trading at $6.05 and December corn is trading at $5.75. The spread is 30 cents. If July corn moves up faster than December corn, the spread will increase. Therefore, buyers of the spread will make a profit.

The more conservative nature of commodity spreads does not necessarily mean there is less risk. Anyone who has traded spreads over a period of time knows that things can sometimes go awry. Weather conditions and crop reports are but a couple of the things that can cause spreads to jump more than normal.

A worse case scenario is when the futures contract you buy moves sharply lower and the contract you sell moves sharply higher. Two fairly correlated commodities like corn and wheat can do this. It is not a good feeling when you are looking for a five cent gain on a spread and overnight you loose 15 cents because of crop news coming out of China. The key here is to always be aware of the risks even though you are using a more conservative strategy.

Online Trading commodity spreads

Fx,forex,currency,interbank trading

Fx,forex,currency,interbank tradingFX, Forex, Currency, Interbank Trading

Currencies, just a few for example, that can be traded with trend following methods include:

Australian Dollar

British Pound

Canadian Dollar


Hong Kong Dollar

Indonesian Rupiah

Japanese Yen

Mexican Peso

New Zealand Dollar

Singapore Dollar

South African Rand

Swiss Franc

Cross Rates, just a few for example, that can be traded with trend following methods include:

Australian Dollar

British Pound

Canadian Dollar


Hong Kong Dollar

Indonesian Rupiah

Japanese Yen

Mexican Peso

New Zealand Dollar

Singapore Dollar

South African Rand

Swiss Franc

Questions? Email .

Whether you call it FX trading, forex trading, currency trading or interbank trading — it all means trading currencies without the use of a futures exchange. Trend followers can use either forex or futures markets to trade currencies with trend following, but to some people the operations of FX trading are new.

Online Fx,forex,currency,interbank trading

Football roster template

Football roster templateFootball Roster Template

Coaching football is rewarding and enjoyable. Spending time on the field training young players is one of the main things that attracts coaches to begin with. However, coaching football involves a lot planning and organization. There are many things to keep on top of and this can be difficult for some coaches. Whether coaching school football or the local youth league, maintaining a player roster is one of those necessary details. It is imperative that each coach has the player’s information to contact them when changes happen. The football roster template can assist with this matter for both experienced and inexperienced coaches.

The football roster template may be downloaded to any coachs personal computer. It is a free resource that a coach can start using right away. Developing an accurate roster can be done quickly with this template. The customizable document is easy to use for each season. The roster can be completed by following four easy steps.

Using the Football Roster Template

Making the Most of the Football Roster Template

Coaching football is exciting. Developing new players by teaching them the fundamentals of the game is both challenging and rewarding. Using the football roster template gives coaches the opportunity to enjoy the challenge instead of worrying over the roster.

Online Football roster template

Forex diamond ea for metatrader4

Forex diamond ea for metatrader4Forex Diamond EA for MetaTrader4

When testing a lot of automatic EAs to trade on accounts with low amounts 100 USD or where i did some tests and personal experiments I came across Forex Diamond EA which immediately caught my eye.

Forex Diamond EA was released in late 2013 and therefore is one of the new EAs. It was programed with latest available MT4 programing language options. Looks like the Developers really used all the latest tricks, indicators and strategies available in Forex community unlike some robots that were built back in 2010-2011 where everyone was just starting. At the end this means that EA Robot is more aligned to the today Forex Market.

How i use Forex Diamond EA:

When I started to test it, it survived a lot longer then rest of the automatic robots and it had a really good return. Forex Diamond EA is run on 15M timeframe. Do not use it on any other timeframe or it just wont work. Additional to this you should run it ONLY on the following pairs: GBP/USD, EUR/USD, USD/CHF and USD/JPY. Do not use it on any other pairs or it wont work.

Now that we have the TimeFrame and currency pairs. So the EA Robot should be run 24/7 even during weekends and holidays. So that it remembers past events. So I would recommend using an Forex hosting provider so that you are able to run it 24/7.

Strategies and Functions used by Forex Diamond EA:

This EA is using multiple Strategies to produce buy / sell orders.

Trade and detect Trends

Trade and detect reversals

countertrend detection

countertrend scalping

Protect against big slippage and spread

automatic dynamic profit taking

dynamic stop loss support

Trailing stop supported

automatic adoption of multiple algorithms

Money Management

automatic self adjusting parameters

Included you will get an really good written manual and installation wizard. In case you still have issues they support live support via help-desk. Ive used it once and response was within 24 hours in my case.

Performance and results of Forex Diamond EA:

So far so good my account is still well and good after running it for more then 4 months now. I stared it at 100 USD and its still making money. My suggestion is that you first try the EA of-course on an DEMO account. When creating DEMO account MAKE sure you use SAME amount as you would when trading on LIVE account. Why?

Well this is important because having an account with 100 USD or 1000 USD is a big difference with drawdowns. So always use same amount for testing as well then for LIVE. Maybe even try multiple demo accounts 100, 500 and 1000 USD accounts and then see which one works best for you before going to LIVE market.

Please note that developers of Forex Diamond EA recommend using capitol between 1000 and 5000 USD. But this was too high for my taste and i stared with 100 USD.

Parameters in Forex Diamond EA:

Please note that this are parameters available but ill keep it simple no explanation as everything is covered in the documentation:


UseCustomPair (true/false)





StealthMode (true/false)

NFA (true/false)

No_Hedge (true/false)


Signal_1,2,3 (true/false)

Online Forex diamond ea for metatrader4

Metatrader4login in to forex trading account

Metatrader4login in to forex trading accountMetatrader 4: Login in to Forex Trading Account

PaxForex Trading account Details

PaxForex Demo Server for demo accounts.

Pic.11 - MT4 Login form

PaxForex Live Server for Live accounts.

Type your Metatrader Account login in "Login" field

Type your Forex Trading account password in "Password"

In field Server choose:

PaxForex Demo Server - for Demo Accounts

PaxForex Live Server - for Live and Bonus Accounts

Click Login button

If the authorization process was successful, you will be able to start trading on your demo/trading forex account. In the bottom right corner you’ll see label showing that your connection status is ok.

5B1%5D. jpg" /%

In case if you enter incorrect information (login, password or choose incorrect server) in the Authorization form, then in the bottom right corner will be shown the Invalid forex account label, see below:

5B1%5D_0.jpg" /%

In case if you couldn’t manage to solve the problem by yourself, PaxForex support team could help you.

If for some reasons you don’t have registered Forex Account. please press Cancel button in Authorization form. And willing buttons below.

How to switch between Forex Accounts

You can switch between demo and trading forex accounts at any time you want by selecting the main menu of MetaTrader 4 " File ->Login ” then enter login and password for forex account which you want to connect. In field Server, choose PaxForex-Trading or PaxForex-Server.

Online Metatrader4login in to forex trading account

Sideways markets to trade or not to trade

Sideways markets to trade or not to tradeSideways Markets: To Trade or Not To Trade

Hey Guys! This is Nathan Tucci, and I have been struggling with something lately: Do sideways markets make easy profits for traders, or is it a death-trap waiting to happen?

I see two very reasonable, logical answers to both sides of this argument, and I will explain them briefly so you know where I am coming from, then I would love for you to leave a comment explaining your view about the matter.

There is the idea that a pair moving choppily across your charts is easy money for a trader because in this kind of choppy price-action, all one has to do is buy the pair when it starts to get to the bottom of the choppy channel, and sell it when it gets to the top of the channel. Now we are obviously not talking about massive pip gains, but if its sideways price-action on a daily chart, you can make 200 pips from the top to the bottom of the channel by selling high and buying low. In this kind of trading, the choppiness of the market almost serves as a safety net because you can trade without too much worry of it taking off on a long trend the other way; you have a lot of confidence that it is going to come back to the other side of the channel.

Lets look at a chart to better visualize this side of the argument:

(you can click the chart to view in full size)

Okay, so in the above chart of the GBP/CAD, there has been a 6 month long channel between 1.6100 and 1.5400. Logically, you could say that this would make for very easy trading because the channel is so well-defined that any time the price got near 1.6100 you could sell and make a few hundred pips, and any time it got near 1.5400 you could buy and make a few hundred pips. This kind of trading would be simple, strategic and profitable; BUT there is the other side to this argument.

The other side says that a choppy market is not trade-worthy. That it makes no sense to trade in a sideways market when you can find other pairs that are trending up and down. After all, without any kind of a trend on your side, how could you justify a longer-term trade (like the daily ones we were talking about above). This side of the argument also suggests that there is eventually going to be a break out, and that if you are trading the top and bottom of the channel, you are going to eventually be on the wrong side of that break-out. What if you buy the low of that channel and that low ends up being the start of a new down trend? Not good for you.

This side of the argument also says that most tools and indicators that should be used as an asset to traders do not work for this kind of a market so it is foolish to not take advantage of these assets, I mean, try drawing a trend line in the GBP/CAD daily chart. Why not use all of these great tools you have in your arsenal, because most of us need all the help we can get.

So, I understand both sides of the argument, and both seem to make sense, but how can such opposite views BOTH be correct? This is where you guys come in, I want to know what you think about trading in sideways markets. I know that the easy answer is Oh, each trader has his own style, and its about what you are comfortable with, but I want a real opinion. I mean, its not really about your comfort, its simply about making moneywhich side of this argument is going to help me make money? Thats what I want to know from you.

Thanks for reading, and leave those comments!!

Online Sideways markets to trade or not to trade

Recommended books about automated trading

Recommended books about automated tradingRecommended books about automated trading

Amazon Kindle Reading Device

All-New Kindle Paperwhite, 6" High-Resolution Display (300 ppi) with Built-in Light, Wi-Fi - Includes Special Offers

Professional Stock Trading: System Design and Automation

Learn the art and science of trading systems from professional speculators. The authors share powerful long and short trading strategies that span all time frames, including over one hundred annotated charts with commentary and rationale. The book contains a complete implementation of a professional trading platform, including dozens of TradeStation strategies, indicators, and functions. Further, advanced trading techniques such as pair trading and float trading are explained. These systems are integrated into a fully automated framework for position sizing and trade management. Finally, follow the authors as they track their stock selections throughout the week in real time.

Tradings Systems That Work: Building and Evaluating Effective Trading Systems

A complete guide to combining cutting edge information and techniques in trading into a simple, personalized system. Offers guidelines for implementing a consistent money management program, portfolio composition techniques to increase profit and reduce risk, and strategies to exercise proper risk management. DLC: Investment analysis.

The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportun

Trade Your Way to Financial Freedom

Reminiscences of a Stock Operator (A Marketplace Book)

Trade Like a Hedge Fund. 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wil

Pairs Trading. Quantitative Methods and Analysis (Wiley Finance)

Comprised of three information-packed parts, Pairs Trading presents an in-depth look at the various aspects of these strategies and provides quantitative tools to assist in their analysis. The first part of this comprehensive resource sets the context for the rest of the book by introducing preliminary material on some key topics, including time series, factor models, and Kalman filtering.

After presenting the broad ideas and concepts of this trading method, Pairs Trading delves into two different versions of pairs trading in the equity markets

Come Into My Trading Room: A Complete Guide to Trading

Offers a complete introduction to trading essentials and an overview of trading psychology, both individual and mass psychology of the markets. Provides a step by step guide to risk control and money management.

How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition

From the school of unemotional investing comes the classic How to Make Money in Stocks, by Wall Street analyst and publisher William O'Neil. Readers new to securities will find it an excellent primer, one that relies on time-honored indicators such as quarterly earnings, market capitalization, and daily indexes. O'Neil's study of winning stocks stretches back to the 1960s, and he shares his insights here, describing what characterizes a growth stock, when to cut your losses (at 7 or 8 percent, no more), and how to spot a market top.

The techniques in How to Make Money in Stocks are hardly revolutionary, but therein lies their strength, as O'Neil claims his is "a winning system in good times or bad." Investors interested in Net stocks might be disappointed--the author's first rule is that a company must show a pattern of growing profits, which disqualifies many dot coms. (Try Rule Breakers, Rule Makers for a different take.) O'Neil's approach to stocks is, above all, rational, and he pays little heed to market hype.

New Trading Systems and Methods

For more than two decades, futures traders have turned to the classic Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and systems. Perry Kaufman, a leading futures expert highly respected for his years of experience in research and trading, has thoroughly updated this bestselling guide, adding more systems, more methods, and extensive risk analysis to keep this the most comprehensive and instructional book on trading systems today. His detailed, hands-on manual offers a complete analysis, using a systematic approach with in-depth explanations of each technique. This edition also includes a CD-ROM that contains the TradeStation EasyLanguage program, Excel spreadsheets, and Fortran programs that appear in the book.

The Psychology of the Foreign Exchange Market

For the practical-minded reader interested in financial trading, this book will hold up a mirror to help examine yourself. Much of trading, after all, is psychology! As one expert points out in this book, "traders don't just bring their money to the market, they also bring themselves!" It is chilling to read, for instance, about how market trends may just be held up by rumor. How traders use metaphors to make sense of the vast markets (eg, using likening it to warzone or to a lover or to a bazaar or to a casino, etc), is also discussed and may help sort out your own mental algorithms for simplifying financial decision-making.

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

An in-depth how-to look at Forex trading using the methods, analysis, and insights of a renowned trader, Raghee Horner As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive for investors because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well. Raghee Horner has become legendary not only as a top Forex trader but as a master teacher of trading systems and techniques. Drawing on her winning tools and methods, including classic charting techniques, this book enables a trader or investor of any skill level to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.

Building Winning Trading Systems with TradeStation

TradeStation systems traders will discover a virtual gold mine of knowledge, guidance, and the benefit of vicarious experience from the two foremost experts on the subject in this valuable new edition to trading systems literature. Includes CD-ROM and real-world examples.

The Ultimate Trading Guide

Provides traders with the tools needed to develop systems based on sound logic, including explanations of: the principles behind trading systems, how various systems operate, the tools and background for developing computerized trading systems, and short-term market timing techniques for any market. DLC: Speculation.

High Probability trading

This no-nonsense book takes a uniquely blunt look at the realities of trading. Filled with real-life examples and intended for use by both short - and long-term traders, it explores each aspect of successful trading.

Online Recommended books about automated trading

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Trading strategy pc games

Trading strategy pc gamesBest strategy trading game pc

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Online Trading strategy pc games

Powerful simple trading strategies

Powerful simple trading strategiesMonday, April 11, 2011

It's Best to Follow The Trend!

Life (and the Forex Market) works the same way a firearm works. Here's an example.

You own a gun and want to go targeting practice, so you go to a gun range. At the gun range, you load your magazine with 5 bullets, put the magazine into the gun, aim and fire.

When you fire your gun, the gun has to eject the shell casing to reload another bullet into the chamber so you can fire your next bullet. This example applies to most stuff in life.

You get up in the morning, do your daily stuff, but at night you have to eject the shell casing (go to sleep) to let new energy fill the chamber so in the morning you'll have the energy to do your daily stuff again.

You go to the bathroom to eject the shell casing so you can eat again (fire the gun again).

You pay the taxi driver (eject the shell casing) to make the taxi driver able to take you someplace else again.

The list goes on and on, but how does this ejecting the shell casing connect to trading? Easy. The market can only go up so much before it has to reload another bullet. To reload another bullet, the gun has to eject the previous bullets shell casing, and when that happens in the market, the price falls a bit before the next bullet makes the market go bursting up.

After all 5 bullets are fired, the gun can't fire no more. In trading, the market can't go up no more, so it reverses direction. Once we change the magazine, the market starts going up again.

We can never figure out how many bullets are in the magazine of the market and when they run out because we didn't load the bullets in, the market makers did, but we can figure out when the bullet is fired (the market bursts up), and when the market ejects the shell casing (the market falls a bit). When the market falls a bit, we know that its ejecting the casing and the next bullet is about to be fired. When we think the shell casing is successfully ejected, we order a buy position so we catch the next bullet ride up.

Play around with the indicators in your trading platform and try to make a strategy that will tell you when the bullet casing is successfully ejected.

Here's an image example. It may look complicating, but you'll figure it out.

Online Powerful simple trading strategies

Live forex information,forex trading,online forex,forex traders

Live forex information,forex trading,online forex,forex tradersLive Forex Information, Forex Trading, Online Forex, Forex Traders

Forex Raptor - How to trade like a Forex Pro

Are you inquisitive about trading currencies within the forex market and does one perceive the potential for earning take advantage a fluctuating currency market? It are often as easy as fixing a forex account, trading one currency against another currency to create profits you'll be able to trade currencies from any a part of the planet as long as your broker supports trading of those 2 varieties of cash. Day trading forex could be a balance between positive and negative attributes.

We can all imagine the positive advantages of being financially freelance, and taking profits from competing currencies as trading will happen anywhere, from the house workplace to an island within the middle of nowhere. The profits created in forex also are exceptional when it involves investing. Not understanding the fundamental principles of currency trading will cause devistating losses. Quite merely dont take your life savings and place it into any trading position within the forex market as you'll be able to lose your nest egg the primary time around. Around ninety seven of most forex traders are losing their initial investment the primary time around and also the catch-up game will create it even worse. Strive answering to your spouse together with your new investment theories while not sounding sort of a compulsive gambler.

After comparing 2 fully completely different nonetheless extreme things, each positive and negative, you'll be able to then assess if you're still willing to trade within the forex market. Data within the forex market are often obtained at no cost through numerous article forms like this one if would like be. Books and video coaching also are well-liked mediums within which one might trade with the forex market.

The problem with most forex investors is that after they are new to coming into this aggressive market they seemingly can take any means that necessary right or wrong to double their cash in an exceedingly short quantity of your time to realize access to incremental income. This within the long-term is that the goal when building your nest egg in trading forex. This is often not an overnight success story and people who are lucky thier 1st time would possibly lose it for the duration of sheer gambling within the market.

One of the highest programs out that I recently discovered is named forex raptor. Forex raptor is an automatic software program called a trading robot within the trade. It tracks all the main currencies and monitors the pairs. Well-liked currency pairs are often found at informational forex sites. Learning to trace the main currencies is where the bulk of forex traders create the profits. It is not too usually that forex traders concentrate their efforts on lesser known currency pairs. Forex raptor has twenty four hour on-line client service where you may have access to your trades and help from qualified forex professionals that recognize the in's and oust of forex trading software.

Online Live forex information,forex trading,online forex,forex traders

Forex vsstocks

Forex vsstocksFOREX vs. Stocks

Posted on September 20th

FOREX and stock markets have a lot of things in common. No matter whether you trade FOREX vs stocks, you use similar charts and trading tools. Some trading platforms even allow you to trade both at the same time.

Technically, there is no difference in trading FOREX vs stocks. You open and close positions the same way with only one exception. FOREX market is open 24/7, while stock exchanges in various countries open and close at regulate business hours. This is the reason why you should close all your stock positions before stock exchange closes if you trade intraday.

The biggest difference though is in what a particular stock or a currency pair represents. Stocks can represent single companies or baskets of companies, while in FOREX, currency pairs represent economies of entire countries. For instance, EURUSD currency pair represents the entire European economy vs the entire US economy.

It means that any economic events happening in any european country or in the US will affect the price. With stocks, bad news about Microsoft, will not affect Walmart. However bad news about Microsoft may affect Apple, because they compete on the same market.

To decide if you want to trade FOREX vs stocks, you need to understand what you want to achieve in trading. Good quality stocks are considered to be safe, but give you a little return, while FOREX is extremely risky and volatile, but gives you great opportunities to make a big buck.

If you need to play safe, go for quality stocks. If you want fun and money, go for FOREX!

Online Forex vsstocks

Online trading academy instructors

Online trading academy instructorsThis page is still under development. | Self Directed Investor | © 2008 - 2015, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo -- videos appearing on SDI are produced by Market News Video. | TickerTech -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.

This page is still under development. | Self Directed Investor | © 2008 - 2015, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo -- videos appearing on SDI are produced by Market News Video. | TickerTech -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.

Lessons from the Pros - 09/28/2010 Issue - Forex Article: A Chart is a Chart

Online Trading Academy

Failure is Often a Necessity for Success

By Sam Seiden, Online Trading Academy Director of Online Education

Sam discusses how the people who do well over time in trading are the ones who understand that the path of learning and practicing takes time and is typically a bumpy road.

Lessons from the Pros - 07/27/2010 Issue - Featured Article: Failure is Often a Necessity for Succes

Online Trading Academy

Online Trading Academy

Online Online trading academy instructors

Day trading can be very simple

Day trading can be very simpleTrading Stocks and Options as a Business

Inside Days Chart Pattern Course

You don’t need to know everything about day trading to succeed as a day trader. You need only to find a few solid strategies that work for YOU — then master them.

Jens Clever

Day trading can be VERY simple

by Jens Clever


Day trading doesn't have to be complicated, and in fact keeping everything simple is the way to success. The most successful day traders I know only use a few basic strategies.

I have met day traders with very sophisticated and complex approaches incorporating several indicators. And guess what? Many of them were successful!

I doubt that the indicators themselves made these day traders successful though; more important was their confidence in their day trading strategy.

Some people can only work with very sophisticated approaches just because they don’t believe that simple things work. They say: “It can’t be that easy”.

My point is that there are many approaches to day trading. I don’t want to judge whether one day trader's is better than another's. As long as they work for you the goal is achieved. No one holds the Holy Grail to day trading success.

Personally I don’t like advanced technical indicators too much in day trading. The reason is that there are too many variables that can be adjusted. I like to get clear entry signals based on absolute prices (i. e. highs and lows), which I am not able to alter.

This gives me clearer signals and less room for personal interpretation. (More articles on day trading.)

2003 DayTradingCoach

Online Day trading can be very simple

George soros is betting against the market and why investors should take notice

George soros is betting against the market and why investors should take noticeGeorge Soros Is Betting Against The Market And Why Investors Should Take Notice

By SeekingAlpha. September 02, 2014, 11:52:35 AM EDT

For institutional investors, keeping secrets for long is an impossible task. The Securities and Exchange Commission requires these entities to file a 13F, a quarterly filing required of investment managers of assets of $100 million or more, which contains information regarding the asset manager's investment style and potentially even a list of equities owned.

It's a good gauge of what an investment company did in the last quarter. Taking a look back at prior quarters can paint a fairly accurate picture of what direction they're assuming the market will take and how they're positioning themselves to prepare - long, short, equities, derivatives, and so on.

When an investor like George Soros suddenly increases a bearish position by 605% in a quarter, it raises more than a few eyebrows.

For the quarter ending on June 30 th. Soros Fund Management reported a large investment in puts, options that give an investor the right, but not the obligation, to sell a security at a given price, for an ETF that tracks the SP 500.

Breaking Down Soros' Position

Normally, a large investment firm will place hedges on positions, whether long or short, in order to mitigate risk. However, Soros increased his put position from 1.6 million to 11.29 million shares. That's the equivalent of going from $299 million to $2.2 billion in notional value.

Skeptical investors dismiss any worries about an imminent market collapse due to the fact the Soros added to a few holdings like Facebook ( FB ) and Apple ( AAPL ) as well as added 182 brand new stocks. They believe his short position is simply a hedge or part of a longer term trading strategy.

I'm not sure it's that simple. Soros' total short position leaped from 2.96% to 16.65% making it the largest part of his holdings for the second quarter. That doesn't sound like a hedge, it sounds like bearish speculation.

If we closely examine the stocks he did add to, it's clear he's preparing for a worst-case scenario. Soros doubled down on gold mining ETF's and added plenty of gold-based companies to his portfolio. He increased his position in Market Vectors Gold Miners ETF to 2.05 million shares worth around $54 million from 1.16 million shares in the first quarter. He also established a call option investment worth 1.33 million shares of the Gold Miners ETF.

The gold addition is telling. Gold is an asset class that's typically bought as a hedge against inflation or economic uncertainty. Real interest rates are in danger of becoming negative with the inflation rate at 2% and the yield on the 10-year treasury at around 2.33%. That means the inflation-adjusted rate of return is a scant 0.33%. If that figure declines, gold could see a rally, but that doesn't appear to be Soros's line of thinking.

The general consensus is that gold prices will actually fall in the next twelve months. Goldman Sachs estimates that gold will fall to $1,050 an ounce, a drop of nearly 19%. Speculators have pared back stakes in gold futures by 15% for the week ending August 5 th as well.

So if Soros isn't adding gold to his portfolio as a bullish sentiment, then the only reason left is as a hedge against a bear market. But one firm, albeit a well-known one, establishing hedges and speculating on a market declines isn't enough for us to question the strength of the 5-year bull market yet.

Following In Soros' Footsteps

George Soros is perhaps most famous for his trade made back in 1992 when he shorted the British Pound for a net gain of $2 billion and forced the Bank of England to devalue the currency. When he takes steps to leverage himself to profit from a downfall, investors tend to take notice.

Other major players share Soros' feelings on gold. Hedge fund Pauslon Co. owns 10.2 million shares of the SPDR Gold Trust ( GLD ) worth $1.21 billion and held on to his position for the second quarter making no new changes. Other companies have a bullish opinion about the precious metal as well like BlackRock Global and U. S. Global Investors. It's enough to wonder what they know that Wall Street doesn't.

Two of the most popular stocks for institutional investors have been Facebook and Apple, both of which were bought in greater numbers by numerous companies in the last quarter. At first glance, such a move may seem to indicate a bullish sentiment by so-called "smart money," but there's more to these companies than meets the eye.

Both companies have their attention on the Chinese marketplace as the next great growth opportunity. China's market though, appears to be bracing for a fall. As counter-intuitive as it may sound, that doesn't necessarily bode ill for these companies. The Chinese market has rallied on both good and bad news which could mean the government will step in with stimulus to support prices.

The world's second largest economy is preparing for slowing growth and government intervention while the U. S. markets continue to hit new highs every week. There seems to be a disconnect on Wall Street and investors should be cautious.

To Follow, Or Not To Follow?

Many investors follow 13F filings as if it were a Wall Street cheat sheet. Following the moves of "smart money" should be a beneficial strategy according to their thinking process, but they fail to take into account several downsides.

First of all, the 13F reports are always a look back at what institutional investors did in the prior quarter, not a play-by-play breakdown of current strategies. Attempts to mimic a 13F means always being behind the curve.

The other big drawback is that hedge funds and other money management firm are often quite large and invest in ways that the retail investor cannot and should not. Strategies can include equities, bonds, derivatives, currencies, swaps, and other exotic instruments that work in tandem for large sums of money. Just to initiate a position in the futures market usually costs at least $50,000 making the strategies of firms investing in these markets much different than the appropriate strategies for every-day investors.

Still, there are takeaways to investment changes like the one's Soros Fund Management made.

Concern for a market pullback is not just idle speculation. Here's a few things to consider:

Bull markets historically last about 5 years - 2014 marks year number 5 for the current bull run.

The average SP 500 P/E ratio is 15 while the current P/E is nearly 20.

The strongest sector of the year has been Utilities, typically a defensive sector that performs well in recessionary stages, at 15% YTD.

The weakest sector of the year has been Consumer Cyclicals, typically strong in market expansions, at just 0.23% YTD.

Combine these facts with the strong short moves George Soros made and a picture of a bear may begin to form in your head. Investors should consider this a warning notice to begin protecting your portfolio with appropriate hedges like covered calls and puts. Caution is recommended in this environment and you can be sure that we'll be keeping a close eye on what Mr. Soros does in the third quarter this year.

Online George soros is betting against the market and why investors should take notice

Forex trading strategy of ema with cci

Forex trading strategy of ema with cciForex trading strategy of EMA with CCI

EMA is very common tools to all traders. There are many strategies by EMA. This strategy is very simple and easy to find trading opportunities for all kind of traders. New traders do not need any analysis for applying this strategy. They need to follow the rules of this strategy and they earn pips easily.

Strategy requirement:

You need to set-up the chart manually for this strategy. You need three mt4 default indicator:

1. 80 EMA (Exponential Moving Average of the close price)

2. 40 EMA (Exponential Moving Average of the close price)

3. CCI-14 period (Commodity Channel Index)

System rules:

1st rule: You can only find buy opportunities when 40 EMA is above the 80 EMA. Similarly you can find sell entry when 40 EMA is below the 80 EMA.

2nd rule: If you trade on H1 time frame or below this time frame, then it will be consider as intra-day trading. For trading with lower time frame, you need to find buy/sell opportunities in the London and US session. If you trade on H4 time frame, then session is not any fact. You can trade anytime when you will get any signal.

3rd rule: The third is how you will find signal from this strategy.

Buy signal: When 40 EMA is above the 80 EMA, you can take buy when CCI cross 0.0 level from below to above.

Sell signal: When 40 EMA is below the 80 EMA, you can take sell entry when CCI cross 0.0 level from above to below.

Stop loss and take profit: Stop loss will be based on your time frame. If you use lower time frame, then you can use 20-30 pips stop loss. For higher time frame, you can set 50-60 pips stop loss. Take profit should be 1:2 risk ratio. Sometimes you can get 1:5 risk ratio from this trading strategy.

Currency pair: All types of major and cross pairs.

Risk warning: You must need to follow money management rules. You can take 1% risk for each trade. Before applying this strategy you should practice this strategy on demo account for 2-3 months. If you are satisfied with this, then you can apply to your real account.

Online Forex trading strategy of ema with cci

Stock trading strategy games

Stock trading strategy games1. Thinkorswim PaperMoney

20PaperMoney. jpg" /%

Access all the tools of the professional level trading platform, funded with $100,000 in play money. Its a great way to explore the many tools of the Thinkorswim platform .

Day trade, swing trade or invest, as charts update in real-time. Build watch lists and set alerts for breakouts. Trade options, futures, stocks and forex. Use hundreds of indicators to analyze markets, or even build your own. Its risk free and the account doesnt expire, so you can use it to monitor stock prices or analyze your portfolio anytime.

A download and free sign-up is required.

For those brand new to investing and trading the Thinkorswim platform may be a bit overwhelming. For a simpler, more game-like environment, check out the TD Bank Fantasy Stock Market Game. The game gives $100,000 to invest and trade on U. S. exchanges, and shows player rankings.

2. Investopedia Stock Simulator

As one of the largest financial education sites in the world, Investopedia gives you the opportunity to connect and collaborate with more than 700,000 investors worldwide. See how they are trading and compete in competitions.

Join current games or create your own. You trade via the website so there is no download, although this means not as many bells and whistles as with the Thinkorswim platform.

Place market orders, limit orders, stops and determine how long your orders will stay out in the market [see also Top 21 Trading Rules for Beginners: A Visual Guide ].

3. MarketWatch Virtual Stock Exchange

20Virtual%20Stock%20Exchange. jpg" /%

Trade stocks in real-time using virtual currency, with no risk of loss. Trade on your own, or join competitions to trade your way to the top. Discuss strategies and tactics with other traders.

The games you create can be fairly specific, such as only allowing certain stock symbols to be traded.

MarketWatch is also a great news source so you have immediate access to recent market data and professional trader insights.

4. Virtual-Stock-Exchange

One of the most globally diverse stock market games. virtual-stock-exchange allows you to trade stocks on more than 30 global exchanges, such as New York, London, Argentina, Mexico, Bombay and Sydney.

Also, you are able to choose your type of currency deposit: peso, yen, pound, yuan, Canadian or US dollar, Indian rupee, Australian or Singapore dollars. This allows traders around the world to trade various markets in their own currency or in a foreign currency. If trading in a currency other than your own, remember youll need to convert those funds to your own currency to realize your profit. Currency exchange rates also fluctuate, adding an additional element of potential risk and reward.

Used by teachers and professors, create your own game to compete against your class or friends, or join public games.

North American and Bombay Stock Exchange prices and executions occur in real-time, although for other international markets data may be delayed 15 to 20 minutes.

5. How the Market Works

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Trade multiple assets including foreign exchange (currencies), penny stocks, ETFs and mutual funds in the U. S. and Canada. Go long or sell short without restriction.

Start with as much cash as you want—to simulate your personal circumstances—from $100 to $500,000. Get real-time quotes and execution on most stocks. Juggle multiple portfolios to compare strategies or performance in each.

One limitation is that dividends and stock splits are not updated automatically, which can cause substantial variance in performance compared to the performance of the real stock. You need to contact the site to get an adjustment for splits or dividends.

6. Wall Street Survivor

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Creating portfolios and buying and selling stocks is part of a larger educational suite of free products. Access investing and trading courses, join leagues to strut your prowess or seek guidance from others, view thousands of articles and videos in the library or discover timely trade ideas.

Easy to understand courses and quizzes guide you through income, value and small cap investing, as well as stock market basics and business analysis.

Quickly make trades and see your weekly and lifetime returns when you log in, as well as your top performing holds [see also Moving Average Trading Strategies: Do They Work? ].

See stocks that have been bought and sold the most by other traders, as well as compete for real cash while growing your $1 million play money portfolio.

Join monthly and yearly performance contests to earn cash. Beat the SP 500 to earn real money; top monthly performers make $500. You can also make real money by referring friends. If your friends enter contests and make real money, UpDown gives you a cut.

The UPDown stock market game works on U. S. equities and the data is typically delayed, although your orders will go through at the prevailing real-time price.

There is a community and discussion board so you can see and read what others are doing, as well as ask questions.

8. QuestTrade Demo

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Similar to the Thinkorswim platform, QuestTrade also offers a free demo account. This provides you access to live quotes and a professional level trading platform, with lots of technical analysis tools and charts.

Trade stocks, options, foreign exchange or contracts for difference (CFDs) with a $50,000 or $500,000 play money account.

The one drawback is that the demo account expires after 30 days [see also 4 Ways To Exit A Losing Trade ].

9. Yahoo! Finance Portfolio

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Not technically a game, but if you want to avoid all the hoopla and just pick some stocks, Yahoo! Finance allows you to build and track portfolios for free.

Yahoo! Finance is one of the most comprehensive financial sites in the world, providing coverage of global markets with real-time quotes on nearly any financial product.

Create your portfolio by adding stocks you would like to buy. Click edit to input how many shares and the purchase price. This part is manual, so you can select any price or quantity you want, but if you want an accurate representation of performance, be honest when inputting a purchase price.

This tool is more of a portfolio tracker than a game, but since your portfolio is linked up to Yahoo! Finance, clicking on a symbol in your portfolio provides you with relevant data such fundamentals, trading ranges, volume and a price chart. Create different portfolios to track different types of trades and stocks.

10. Chart Game

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This is a whole different take on trading games. In this game the computer will present you with a random historical stock chart of an actual large cap (SP 500) security, without telling you which company and time period the chart represents.

You then reveal new days of price action and determine whether you want to buy or sell.

The full chart and company name is eventually revealed to you, and you can see how your decisions turned out. Your performance is then compared to a buy-and-hold approach.

There is no sign up required and you start with $10,000 in cash. Dont know whether you want to buy or sell? Then hit Time-lapse to reveal more price action which may help you with your decision.

In many ways this simulates investing, although you can see your performance very quickly instead of waiting many months. One drawback is that your buys and sells will always occur at the following open.

Overall, it is a good way to practice your chart reading skills and develop an understanding for technical analysis.

The Bottom Line

If you want to sink more baskets, you need to practice taking a lot of shots. Same with trading; these stock market games allow you to practice implementing your strategies and theories in a safe and often fun environment, with no money at risk. Most of these games are a good starting point for beginners. The Thinkorswim and QuestTrade demo accounts are not really games, and therefore geared toward traders who have learned the basics and are ready to try out a professional (and more complex) trading platform. The Chart Game is suitable for new traders as well as those looking to learn more about technical analysis and chart reading.

Demo accounts will show you whether a strategy works or not (in terms of profit), but they cant resemble the psychological pressure of real trading when your hard-earned capital is on the line. If you want a more accurate assessment of how you will perform in the real markets, dont treat these games like games. Instead, only take trades you would if trading with real money. Also, when possible use a starting balance in the game that resembles what your starting capital would be if you were opening a real account.

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Stock Trading with this Strategy

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Simple strategy that anyone can understand and start trading immediately after viewing this course.

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It is catered for anyone who is interested to get that extra cash using the stock market.

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This course will take just a couple of days to master and 1 week of observing the stock market with this strategy.

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Forex trading pdf tutorial best binary option brokers

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Online Forex trading pdf tutorial best binary option brokers

Foreign exchange banks

Foreign exchange banksForeign exchange banks

There are no central exchange headquarter for foreign exchange because it is an open market where dealers negotiate their own price feeds through proprietary platforms. The main geographic trading center however, is in London, followed by New York, Tokyo, Hong Kong and Singapore.

Foreign exchange banks throughout the world participate and play a big role in forex, although their roles have been greatly reduced from yesteryear. John Atkin points out in his book The Foreign Exchange Market Of London that "The Bank had long used a mixture of nods, winks and arm twisting to influence the behavior of participants in the domestic money and banking markets." It is no secret that Foreign exchange banks dominate the top level of access for the best Forex spread. Using their big pool of clients along with their own accounts, inter-bank market made up more than half of all Forex transactions.

In the late 1930's banks were the market maker for specified currencies. According to Atkin, "In the case of the US dollar / sterling rate, the Bank announced - when the market re-opened on 5 September 1939 - that its buying rate for dollars would be $4.06, and that its selling would be $4.02. This spread of 4 US cents or 400 points, compared with a normal peacetime inter-bank spread of 13 points, or less." His observation serve to highlight the profitable spread enjoyed by banks in that era. This trend continued until after World War II, when a normal foreign market exchange market slowly became apparent.

Banks do not have total control over foreign exchange rates as they fluctuate according to as actual monetary flow, budget, trade deficits, changes in GDP growth and interest rates and other economic conditions. In foreign exchange platforms, virtually everyone get access to major news at the same time, and banks are no different. Nevertheless, banks still gain the upper hand from monitoring the trend of their customers' order flow.

Apart from normal banks, central banks also participate in the foreign exchange market to regulate currencies in protection of their economy. Central banks or and national banks serve a dominant role in controlling inflation, interest rates and money supply. Since a country's currency rates have direct implications on it's economy through the trade balance, almost all central banks tend to intervene to influence the value of their currencies. This is known as managed float.

Central banks can determine foreign exchange rates to a certain extend, as they have huge foreign exchange reserves in hand to stabilize the market. Again, this does not always work as the combined resources in the actual market usually have a bigger say. As highlighted by William P. Osterberg in his article 'Why Intervention Rarely Works' in year 2000, "foreign-exchange-market intervention is generally ineffective when undertaken independent of monetary policy." An example of central banks' limitations are evident in the 1997 Southeast Asia economic crisis when the International Monetary Fund (IMF) failed to prevent currency depreciation.

Online Foreign exchange banks

Msg management-study-guide

Msg management-study-guideComponents of a Strategy Statement

The strategy statement of a firm sets the firm’s long-term strategic direction and broad policy directions. It gives the firm a clear sense of direction and a blueprint for the firm’s activities for the upcoming years. The main constituents of a strategic statement are as follows:

Strategic Intent

An organization’s strategic intent is the purpose that it exists and why it will continue to exist, providing it maintains a competitive advantage. Strategic intent gives a picture about what an organization must get into immediately in order to achieve the company’s vision. It motivates the people. It clarifies the vision of the vision of the company.

Strategic intent helps management to emphasize and concentrate on the priorities. Strategic intent is, nothing but, the influencing of an organization’s resource potential and core competencies to achieve what at first may seem to be unachievable goals in the competitive environment. A well expressed strategic intent should guide/steer the development of strategic intent or the setting of goals and objectives that require that all of organization’s competencies be controlled to maximum value.

Strategic intent includes directing organization’s attention on the need of winning; inspiring people by telling them that the targets are valuable; encouraging individual and team participation as well as contribution; and utilizing intent to direct allocation of resources.

Strategic intent differs from strategic fit in a way that while strategic fit deals with harmonizing available resources and potentials to the external environment, strategic intent emphasizes on building new resources and potentials so as to create and exploit future opportunities.

Mission Statement

Mission statement is the statement of the role by which an organization intends to serve it’s stakeholders. It describes why an organization is operating and thus provides a framework within which strategies are formulated. It describes what the organization does (i. e. present capabilities), who all it serves (i. e. stakeholders) and what makes an organization unique (i. e. reason for existence).

A mission statement differentiates an organization from others by explaining its broad scope of activities, its products, and technologies it uses to achieve its goals and objectives. It talks about an organization’s present (i. e. “about where we are”). For instance, Microsoft’s mission is to help people and businesses throughout the world to realize their full potential. Wal-Mart’s mission is “To give ordinary folk the chance to buy the same thing as rich people.” Mission statements always exist at top level of an organization, but may also be made for various organizational levels. Chief executive plays a significant role in formulation of mission statement. Once the mission statement is formulated, it serves the organization in long run, but it may become ambiguous with organizational growth and innovations.

In today’s dynamic and competitive environment, mission may need to be redefined. However, care must be taken that the redefined mission statement should have original fundamentals/components. Mission statement has three main components-a statement of mission or vision of the company, a statement of the core values that shape the acts and behaviour of the employees, and a statement of the goals and objectives.

Features of a Mission

Mission must be feasible and attainable. It should be possible to achieve it.

Mission should be clear enough so that any action can be taken.

It should be inspiring for the management, staff and society at large.

It should be precise enough, i. e. it should be neither too broad nor too narrow.

It should be unique and distinctive to leave an impact in everyone’s mind.

It should be analytical, i.e. it should analyze the key components of the strategy.

It should be credible . i. e. all stakeholders should be able to believe it.

A vision statement identifies where the organization wants or intends to be in future or where it should be to best meet the needs of the stakeholders. It describes dreams and aspirations for future. For instance, Microsoft’s vision is “to empower people through great software, any time, any place, or any device.” Wal-Mart’s vision is to become worldwide leader in retailing.

A vision is the potential to view things ahead of themselves. It answers the question “where we want to be”. It gives us a reminder about what we attempt to develop. A vision statement is for the organization and it’s members, unlike the mission statement which is for the customers/clients. It contributes in effective decision making as well as effective business planning. It incorporates a shared understanding about the nature and aim of the organization and utilizes this understanding to direct and guide the organization towards a better purpose. It describes that on achieving the mission, how the organizational future would appear to be.

An effective vision statement must have following features -

It must be unambiguous .

It must be clear .

It must harmonize with organization’s culture and values.

The dreams and aspirations must be rational/realistic .

Vision statements should be shorter so that they are easier to memorize.

In order to realize the vision, it must be deeply instilled in the organization, being owned and shared by everyone involved in the organization.

Goals and Objectives

A goal is a desired future state or objective that an organization tries to achieve. Goals specify in particular what must be done if an organization is to attain mission or vision. Goals make mission more prominent and concrete. They co-ordinate and integrate various functional and departmental areas in an organization. Well made goals have following features-

These are precise and measurable .

These look after critical and significant issues.

These are realistic and challenging.

These must be achieved within a specific time frame.

These include both financial as well as non-financial components .

Objectives are defined as goals that organization wants to achieve over a period of time. These are the foundation of planning. Policies are developed in an organization so as to achieve these objectives. Formulation of objectives is the task of top level management. Effective objectives have following features-

These are not single for an organization, but multiple .

Objectives should be both short-term as well as long-term .

Objectives must respond and react to changes in environment, i. e. they must be flexible .

These must be feasible, realistic and operational .

Learn management concepts & skills rapidly with easy to understand, richly illustrated self-paced learning modules & downloadable powerpoint presentations.

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Training and Development - Meaning, its Need and Importance

Training and development is vital part of the human resource development . It is assuming ever important role in wake of the advancement of technology which has resulted in ever increasing competition, rise in customer’s expectation of quality and service and a subsequent need to lower costs. It is also become more important globally in order to prepare workers for new jobs. In the current write up, we will focus more on the emerging need of training and development, its implications upon individuals and the employers.

Noted management author Peter Drucker said that the fastest growing industry would be training and development as a result of replacement of industrial workers with knowledge workers. In United States, for example, according to one estimate technology is de-skilling 75 % of the population. This is true for the developing nations and for those who are on the threshold of development. In Japan for example, with increasing number of women joining traditionally male jobs, training is required not only to impart necessary job skills but also for preparing them for the physically demanding jobs. They are trained in everything from sexual harassment policies to the necessary job skills.

The need for Training and Development

Before we say that technology is responsible for increased need of training inputs to employees, it is important to understand that there are other factors too that contribute to the latter. Training is also necessary for the individual development and progress of the employee, which motivates him to work for a certain organisation apart from just money. We also require training update employees of the market trends, the change in the employment policies and other things.

The following are the two biggest factors that contribute to the increased need to training and development in organisations:

Change: The word change encapsulates almost everything. It is one of the biggest factors that contribute to the need of training and development. There is in fact a direct relationship between the two. Change leads to the need for training and development and training and development leads to individual and organisational change, and the cycle goes on and on. More specifically it is the technology that is driving the need; changing the way how businesses function, compete and deliver.

Development: It is again one the strong reasons for training and development becoming all the more important. Money is not the sole motivator at work and this is especially very true for the 21st century. People who work with organisations seek more than just employment out of their work; they look at holistic development of self. Spirituality and self awareness for example are gaining momentum world over. People seek happiness at jobs which may not be possible unless an individual is aware of the self. At ford, for example, an individual can enrol himself / herself in a course on ‘self awareness’, which apparently seems inconsequential to ones performance at work but contributes to the spiritual well being of an individual which is all the more important.

The critical question however remains the implications and the contribution of training and development to the bottom line of organisations performance. To assume a leadership position in the market space, an organisation will need to emphasise on the kind of programs they use to improvise performance and productivity and not just how much they simply spend on learning!

Next Article ❯

Performance Management - Meaning, System and Process

Definition of Performance Management

The role of HR in the present scenario has undergone a sea change and its focus is on evolving such functional strategies which enable successful implementation of the major corporate strategies. In a way, HR and corporate strategies function in alignment. Today, HR works towards facilitating and improving the performance of the employees by building a conducive work environment and providing maximum opportunities to the employees for participating in organizational planning and decision making process.

Today, all the major activities of HR are driven towards development of high performance leaders and fostering employee motivation. So, it can be interpreted that the role of HR has evolved from merely an appraiser to a facilitator and an enabler.

Performance management is the current buzzword and is the need in the current times of cut throat competition and the organizational battle for leadership. Performance management is a much broader and a complicated function of HR, as it encompasses activities such as joint goal setting, continuous progress review and frequent communication, feedback and coaching for improved performance, implementation of employee development programmes and rewarding achievements .

The process of performance management starts with the joining of a new incumbent in a system and ends when an employee quits the organization.

Performance management can be regarded as a systematic process by which the overall performance of an organization can be improved by improving the performance of individuals within a team framework. It is a means for promoting superior performance by communicating expectations, defining roles within a required competence framework and establishing achievable benchmarks.

According to Armstrong and Baron (1998), Performance Management is both a strategic and an integrated approach to delivering successful results in organizations by improving the performance and developing the capabilities of teams and individuals.

The term performance management gained its popularity in early 1980’s when total quality management programs received utmost importance for achievement of superior standards and quality performance. Tools such as job design, leadership development, training and reward system received an equal impetus along with the traditional performance appraisal process in the new comprehensive and a much wider framework. Performance management is an ongoing communication process which is carried between the supervisors and the employees through out the year. The process is very much cyclical and continuous in nature. A performance management system includes the following actions .

Developing clear job descriptions and employee performance plans which includes the key result areas (KRA') and performance indicators.

Selection of right set of people by implementing an appropriate selection process.

Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined benchmarks.

Providing continuous coaching and feedback during the period of delivery of performance.

Identifying the training and development needs by measuring the outcomes achieved against the set standards and implementing effective development programs for improvement.

Holding quarterly performance development discussions and evaluating employee performance on the basis of performance plans.

Designing effective compensation and reward systems for recognizing those employees who excel in their jobs by achieving the set standards in accordance with the performance plans or rather exceed the performance benchmarks.

Providing promotional/career development support and guidance to the employees.

Performing exit interviews for understanding the cause of employee discontentment and thereafter exit from an organization.

A performance management process sets the platform for rewarding excellence by aligning individual employee accomplishments with the organization’s mission and objectives and making the employee and the organization understand the importance of a specific job in realizing outcomes. By establishing clear performance expectations which includes results, actions and behaviors, it helps the employees in understanding what exactly is expected out of their jobs and setting of standards help in eliminating those jobs which are of no use any longer. Through regular feedback and coaching, it provides an advantage of diagnosing the problems at an early stage and taking corrective actions.

To conclude, performance management can be regarded as a proactive system of managing employee performance for driving the individuals and the organizations towards desired performance and results. It’s about striking a harmonious alignment between individual and organizational objectives for accomplishment of excellence in performance.

Learn management concepts & skills rapidly with easy to understand, richly illustrated self-paced learning modules & downloadable powerpoint presentations.

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Training Needs Analysis

Training is an expensive process not only in terms of the money spent on it but also the time and the other resources spent on the same. The most important question therefore is determining whether or not a need for training actually exists and whether the intervention will contribute to the achievement of organisational goal directly or indirectly? The answer to the above mentioned question lies in ‘training needs analysis’ which is the first step in the entire process of training and development.

Training needs analysis is a systematic process of understanding training requirements. It is conducted at three stages - at the level of organisation, individual and the job, each of which is called as the organisational, individual and job analysis . Once these analyses are over, the results are collated to arrive upon the objectives of the training program.

Another view of the training need is that, it is the discrepancy between ‘what is’ and ‘what should be’. Taking cues from this the world bank conducted a needs analysis and arrived upon the conclusion that many of its units in eastern regions of Europe required transformation from state owned business to self sustaining organisations. A number of universities were then contacted to develop the necessary modules and conduct the training upon the same.

Although each step in the entire training process is unique in its own, needs analysis is special in that it lays the foundation for the kind of training required. The assessment gives insight into what kind of intervention is required, knowledge or skill or both. In certain cases where both of these are present and the performance is still missing then the problem may be motivational in nature. It thus highlights the need and the appropriate intervention which is essential to make the training effective.

As mentioned earlier, the needs analysis / assessment is carried out at three levels - organisational, Individual and Job. We now take up each one of them in detail.

Organisational Analysis

The organisational analysis is aimed at short listing the focus areas for training within the organisation and the factors that may affect the same. Organisational mission, vision, goals, people inventories, processes, performance data are all studied. The study gives cues about the kind of learning environment required for the training. Motorola and IBM for example, conduct surveys every year keeping in view the short term and long term goals of the organisation.

Job Analysis

The job analysis of the needs assessment survey aims at understanding the ‘what’ of the training development stage. The kind of intervention needed is what is decided upon in the job analysis. It is an objective assessment of the job wherein both the worker oriented - approach as well as the task - oriented approach is taken into consideration. The worker approach identifies key behaviours and ASK for a certain job and the task - oriented approach identifies the activities to be performed in a certain job. The former is useful in deciding the intervention and the latter in content development and program evaluation.

Individual Analysis

As evident from the name itself, the individual analysis is concerned with who in the organisation needs the training and in which particular area. Here performance is taken out from the performance appraisal data and the same is compared with the expected level or standard of performance. The individual analysis is also conducted through questionnaires, 360 feedback, personal interviews etc. Likewise, many organisation use competency ratings to rate their managers; these ratings may come from their subordinates, customers, peers, bosses etc. Apart from the above mentioned organisations also make use of attitude surveys, critical Incidents and Assessment surveys to understand training needs which will be discussed in detail in other articles.

Strategy Evaluation Process and its Significance

Strategy Evaluation is as significant as strategy formulation because it throws light on the efficiency and effectiveness of the comprehensive plans in achieving the desired results. The managers can also assess the appropriateness of the current strategy in todays dynamic world with socio-economic, political and technological innovations. Strategic Evaluation is the final phase of strategic management .

The significance of strategy evaluation lies in its capacity to co-ordinate the task performed by managers, groups, departments etc, through control of performance . Strategic Evaluation is significant because of various factors such as - developing inputs for new strategic planning, the urge for feedback, appraisal and reward, development of the strategic management process, judging the validity of strategic choice etc.

The process of Strategy Evaluation consists of following steps -

Fixing benchmark of performance - While fixing the benchmark, strategists encounter questions such as - what benchmarks to set, how to set them and how to express them. In order to determine the benchmark performance to be set, it is essential to discover the special requirements for performing the main task. The performance indicator that best identify and express the special requirements might then be determined to be used for evaluation. The organization can use both quantitative and qualitative criteria for comprehensive assessment of performance. Quantitative criteria includes determination of net profit, ROI, earning per share, cost of production, rate of employee turnover etc. Among the Qualitative factors are subjective evaluation of factors such as - skills and competencies, risk taking potential, flexibility etc.

Measurement of performance - The standard performance is a bench mark with which the actual performance is to be compared. The reporting and communication system help in measuring the performance. If appropriate means are available for measuring the performance and if the standards are set in the right manner, strategy evaluation becomes easier. But various factors such as managers contribution are difficult to measure. Similarly divisional performance is sometimes difficult to measure as compared to individual performance. Thus, variable objectives must be created against which measurement of performance can be done. The measurement must be done at right time else evaluation will not meet its purpose. For measuring the performance, financial statements like - balance sheet, profit and loss account must be prepared on an annual basis.

Analyzing Variance - While measuring the actual performance and comparing it with standard performance there may be variances which must be analyzed. The strategists must mention the degree of tolerance limits between which the variance between actual and standard performance may be accepted. The positive deviation indicates a better performance but it is quite unusual exceeding the target always. The negative deviation is an issue of concern because it indicates a shortfall in performance. Thus in this case the strategists must discover the causes of deviation and must take corrective action to overcome it.

Taking Corrective Action - Once the deviation in performance is identified, it is essential to plan for a corrective action. If the performance is consistently less than the desired performance, the strategists must carry a detailed analysis of the factors responsible for such performance. If the strategists discover that the organizational potential does not match with the performance requirements, then the standards must be lowered. Another rare and drastic corrective action is reformulating the strategy which requires going back to the process of strategic management, reframing of plans according to new resource allocation trend and consequent means going to the beginning point of strategic management process.

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Training of Employees - Need and Importance of Training

Training of employees takes place after orientation takes place. Training is the process of enhancing the skills, capabilities and knowledge of employees for doing a particular job. Training process moulds the thinking of employees and leads to quality performance of employees. It is continuous and never ending in nature.

Importance of Training

Training is crucial for organizational development and success. It is fruitful to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.

Training is given on four basic grounds:

New candidates who join an organization are given training. This training familiarize them with the organizational mission, vision, rules and regulations and the working conditions.

The existing employees are trained to refresh and enhance their knowledge.

If any updations and amendments take place in technology, training is given to cope up with those changes. For instance, purchasing a new equipment, changes in technique of production, computer implantment. The employees are trained about use of new equipments and work methods.

When promotion and career growth becomes important. Training is given so that employees are prepared to share the responsibilities of the higher level job.

The benefits of training can be summed up as:

Improves morale of employees - Training helps the employee to get job security and job satisfaction. The more satisfied the employee is and the greater is his morale, the more he will contribute to organizational success and the lesser will be employee absenteeism and turnover.

Less supervision - A well trained employee will be well acquainted with the job and will need less of supervision. Thus, there will be less wastage of time and efforts.

Fewer accidents - Errors are likely to occur if the employees lack knowledge and skills required for doing a particular job. The more trained an employee is, the less are the chances of committing accidents in job and the more proficient the employee becomes.

Chances of promotion - Employees acquire skills and efficiency during training. They become more eligible for promotion. They become an asset for the organization.

Increased productivity - Training improves efficiency and productivity of employees. Well trained employees show both quantity and quality performance. There is less wastage of time, money and resources if employees are properly trained.

Ways/Methods of Training

Training is generally imparted in two ways:

On the job training - On the job training methods are those which are given to the employees within the everyday working of a concern. It is a simple and cost-effective training method. The inproficient as well as semi - proficient employees can be well trained by using such training method. The employees are trained in actual working scenario. The motto of such training is “learning by doing.” Instances of such on-job training methods are job-rotation, coaching, temporary promotions, etc.

Off the job training - Off the job training methods are those in which training is provided away from the actual working condition. It is generally used in case of new employees. Instances of off the job training methods are workshops, seminars, conferences, etc. Such method is costly and is effective if and only if large number of employees have to be trained within a short time period. Off the job training is also called as vestibule training, i.e. the employees are trained in a separate area( may be a hall, entrance, reception area, etc. known as a vestibule) where the actual working conditions are duplicated.

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Forex7-24 is tracked by us since May, 2015. Over the time it has been ranked as high as 801 299 in the world, while most of its traffic comes from USA, where it reached as high as 221 328 position. It was hosted by 7x24NET .

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Subdomains Traffic Shares

Back to main page of Brokers rating

Country of origin: Russia

Leverage: 1:500

Regulation: Regulated by the Financial Regulation Agency (KROUFR)

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Alpari is a forex broker which offers online trading in forex, spot precious metals, CFDs on shares, futures and stock market indexes. Currently Alpari serves about 200 thousand clients more from 100 countries of the world. Official partners offices are located in 50 cities of the Russian Federation and the abroad. Alpari has certificated partners in Latvia, Estonia, Ukraine, Armenia, Kazakhstan, Indonesia, Thailand, Ecuador and Peru.

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How to use forex hedging and hedging strategies

How to use forex hedging and hedging strategiesHow to Use Forex Hedging and hedging strategies

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Safety Through Forex Hedging

Just like with the stock market, we have much risk associated with the forex market. The best strategies to use are those that also include a good backup plan. One highly popular strategy is called Forex Hedging. Through it we can mitigate risks associated with forex trading. All that want to invest need to know about hedging and how to properly use it. We can define the term in a similar way to buying insurance policies for a given position. You do this by using derivatives, which are investment instruments. By using these, a forex trader is left without a worry because losses are going to be covered.

Hedging Definition :

Forex trading involves a variety of risks ranging from low to high. To minimize the risk, the traders use a mechanism called hedging. Hedging is a financing technique through which investors tries to secure him from unusual loss. This is usually using through offsetting in which short positions are hedged with long positions. This is done to protect an investor from the movements of the prices.

How to Use Forex Hedging

A very common and easy way to hedge is to open short and long positions in any currency pair you are trading. There are dealers that will not allow you to do this. In most cases the businesses that are currently operating at international levels will practice this hedging form. When an UK company serves a large US base then the weakening of the GBP is not healthy for the company. The reason for this is the fact that the first price that will be quoted in USD is not going to be converted into as many GBP in the near future. However, a company can overcome such a situation if they opt for a long GBP position with the use of USD. This makes up for lost money. In a similar fashion if the company will lose money in forex then GBP value will fail. The effects can be countered with the profit that is earned thanks to the value increase of the US dollar. This hedging type is easily practiced with investing in options or futures contracts.

Hedging Through CFDs - Top Working Strategies :

Through hedging an investor can keep him in his ongoing investments. Unlike other investments, an investor doesn’t have to leave an investment with a loss. Below are some of the very important hedging strategies that can be used with CFD:

Strategy # 1- Sole Share:

This important strategy involves the trading of both CFD and shares. Under such strategy, when the market situation is volatile, a share is hedged with a CFD. For example, let’s say you have 500 shares of an airline company whose flights are affected due to the Mother Nature. Currently, the total value of per share is $2, and you are concerned about the value and position of the share. By using this strategy, you hedge your share with CFD rather than going for selling it. As a result, you hedge your 500 shares with CFD at the same price on which you bought it. If sooner or later the price of your share increases from $2 to $2.50, you will make a profit of $250. If you still believe the price of your share will grow further, you have the option of cancelling the CFD position. On the other hand, if the price of share drops to $1.50, you will bear a loss. However, the loss will already be settled of by your offsetting profit.

Strategy # 2- Trading in Pairs:

Trading in pairs involves the trading between CFD of similar industries. In such cases, you purchase CFD from one company and then exchange or rather sell it with the CFD of other companies. Usually, in such a condition, one CFD generates profit while other bears losses. This is because the movement and direction of both the CFD are in the same direction. When investors follow this scheme, they buy one CFD from a company that has a strong position in the market and sells it to the bottom level of the company. This way, they bear less loss as compare to sell it elsewhere.

Strategy # 3- Diversion of Index

Another way of minimizing risk through hedging is the use of index diversion. To do so, and investor tries to diversify the investments of his accounts. This is done through the hedging mechanism. This scheme is not very popular among investors, but it still does its job.

Any futures contract is basically an agreement through which a currency is going to be exchange with another at a date that is predefined with the use of the closing time price noticed. Traders are going to sell and buy currency futures just like trading stocks. In order to hedge against a volatile currency exchange rate you will want to use currency futures.

Hedging in forex trading :

edging in the world of forex is related to having an offset position with an existing position to eliminate the risk. Hence, hedging is a way to protect against a decline in any currency. Individual traders and financial institutions utilize this technique to offset the risk.

An exchange rate risk is involved when business exports and import goods. For instance, if the government of the U. K plans to import TVs from the Japan, it will bear the loss if the yen is stronger than Pound. In this situation, the U. K government will buy the Yen from the international market and will hedge the risk of exchange risk.

Impact of leverage

A small amount of margin can be used for hedging if the leveraged is being offered by the forex market. For instance, one only requires around $2,000 of margin for the 50:1 leverage on a contract of $100,000. Traders usually have to submit more margin if the position moves against them. However, if the position is against the hedger, which shows the level of their profit is higher.

The Disadvantages of Forex Hedging

A lot of retail traders love hedging while others do not understand why they are used. There is a huge debate going on as to why one would use it. There is a price associated with hedging so you need to always make sure that the benefits that you gain are worth the effort. Through hedging you just gain protection and there is no profit. Risk is not eliminated. It is only reduced. Even if nothing goes wrong the hedge needs to be paid.

Here you can see example from Zulutrade autotrading platform where a lot of signal providers (forex expert traders) make headging forex signals.

Zulutrade signal providers closed trade report :

Zulutrade headging strategy :

As you see strategy is this :

1) Trader create one sell or buy trade based on daily or weekly chart. IT is trade where profit is 200 pips or 500 pips or 1000 pips. It is LONG trade signal which duration can be weeks and months. This trade will use TREND strategy.

We can see here BUY ORDER as Longterm Trend strategy (160 pips profit) and SELL ORDER Short term Breakout Strategy (14 pips profit).

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Free VPS is not available in 20 countries. In order to activate your server you need to have a mobile phone number as an SMS message will be sent to confirm your identity. You will also need to provide a detailed reason why do You want the free server as not all orders will be verified based on client score. Our goal is to provide free VPS for everyone who uses it actively, so you should login as root user to your server (vps) via ssh in first 24 hours. Free VPS is self-managed, however, you can get support from other users and admins on our forums.

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A simple day trading strategy using bollinger-macd

A simple day trading strategy using bollinger-macdA Simple Day Trading Strategy Using Bollinger & MACD

This simple day trading strategy was published on TradingMarkets by Markus Heitkoetter, a day trading coach from Rockwell Trading. Markus Heitkoetter is also the author of The Simple Strategy A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex .

This day trading setup uses the MACD indicator to identify the trend and the Bollinger Bands as a trade trigger. The MACD parameters are 26 for the fast moving average, 12 for the slow moving average, and 9 for the signal line. These are the standard settings in most chart packages.

The Bollinger Bands settings are 12 for the moving average and 2 standard deviations for the bands.

Rules For Long Day Trade

MACD above signal line and zero line

Place buy stop order at the upper band of Bollinger Bands

Rules For Short Day Trade

MACD below signal line and zero line

Place sell stop order at the lower band of the Bollinger Band

Winning Trade Day Trading with Bollinger MACD

A Simple Day Trading Strategy Winning Trade

In his article, Markus Heitkoetter used the trading time frame of 4500 ticks for SP E-mini contract. This means the bars are plotted every 4500 trades. Keeping things simple, we followed the recommended time frame. The day started off in congestion before having a nice bear run. This simple day trading strategy managed to catch the start of this bear run for a nice profit. Lets take a look at this trade in detail.

We had the strongest bull run of the day here. However, this higher high coincided with a lower high on the MACD histogram. This is what we call a bearish divergence . a warning sign for reversal. This bearish divergence set an excellent context for short trades.

Here, prices fell and MACD moved below both the zero line and its signal line. This was our cue for a downtrend . A sell stop order was placed at the lower Bollinger Band to anticipate a short trade.

After a downtrend was confirmed by the MACD, a bullish outside bar formed, but had little follow-through. This was the last bullish attempt before prices broke down further .

Finally, as prices pushed through the lower Bollinger Band, our sell stop order was triggered. And we have a winner.

Losing Trade Day Trading With Bollinger MACD

A Simple Day Trading Strategy Losing Trade

Like the first chart, this is a 4500 tick chart of the SP E-mini contract on a full Globex session. The simple day trading strategy triggered a short trade at the red arrow. It was the worst entry point for us. Lets break this down and try to understand what was going on.

The day started off congested as shown by the increasing tails and smaller bodies on each candlestick. The constricting of the Bollinger Bands was another indicator that volatility was dropping.

A congestion inevitably leads to a breakout. The three consecutive red bars was the breakout from the congestion. At the same time, MACD confirmed a downtrend for us and we entered short at the lower Bollinger Band. (red arrow)

However, the downthrust punched out a lower low that was not supported by the momentum shown by the MACD histogram. This was a bullish divergence that warned us against taking this trade.

Ultimately, this breakout downwards turned out to be a morning fake reversal. We entered short at the low of the day. What could be worse? (Not having a stop could be worse.)

Review A Simple Day Trading Strategy using Bollinger and MACD

Using only two indicators and two simple steps, this is indeed a simple day trading strategy. I have tried it on different time frames and found this day trading strategy to be surprisingly robust, like what Markus Heitkoetter claimed in his article.

By demanding that the MACD rises not only above its signal line, but also its zero line, this day trading strategy is able to locate short-lived intraday trends . This application of MACD is starkly different from Gerald Appels original basic MACD trade .

If you want to restrict yourself to only high probability trades. take trades only after MACD first crossed the zero line . This will keep you in fresh trends and not the maturing ones that are more likely to reverse.

There is an important caveat about the exit strategy. I did not follow the exit method recommended by Markus Heitkoetter as I wanted to keep things simple.

Basically, he used a certain percentage of the average daily range of the past seven trading days to determine his stop and target size. It is a sound approach based on volatility but it increases the number of parameters involved.

You have to choose how many days to include in your average trading range and the percentages to use for your stop and target sizes. You also have to ensure that these parameters are consistent with your trading time frame. Like what Markus Heitkoetter pointed out, he updates the tick setting for the instruments they trade regularly to account for changes in market volatility.

So, unless you are able to keep up with adjusting those parameters, you might want to consider a simpler way to exit your trade.

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How to choose the best chart time-frame

How to choose the best chart time-frameHow to Choose the Best Chart Time-Frame

Talking Points:

Time-Frame should depend on traders time available to trade Multiple Time-Frame analysis can also be used Automation allows any trader to trade any time frame.

The topic of “which time-frame to use” on a chart is almost as old as charts themselves. Traders are constantly looking for any edge they can get, so exploring different charting options is fairly common. The truth of the matter is, Ive seen traders make sustained profits trading 5-minute charts all the way up to Weekly charts and every time-frame in between. So what makes one time-frame better than the other? It depends.

What Time-Frame is Best?

Rather than looking at a charts time-frame as a component of a strategy, I believe its better to look at a time-frame as it compares to the amount of time you have available to trade. Not everyone has 8+ hours a day to analyze charts and actively trade full-time. Many of us have full-time jobs and families that take up a bulk of our day, and all of us need to sleep at some point. So if you only find yourself available to look at a chart for 20-30 minutes a day, you might want to re-think that 5-minute chart scalping strategy you are attempting.

What we instead need to do is honestly look at the amount of time that we have available each day, and decide what time frame best works with our schedule. For traders wanting to trade 4-8 hours a day, you have the ability to trade any time frame you want. If you are trading 1-3 hours a day, you might be better off trading medium-long term time frames, Hourly charts or larger. If you are trading less than 1 hour a day, then you really should only be looking at 4-Hour, Daily, and Weekly charts.

Learn Forex: Changing the Time Frame on a Marketscope Chart (FXCM)

The reason we want to trade larger time frames when we have less amount of time to trade is because we want to slow down the charts on our screen as much as possible. A 5-minute chart will have 288 candles in a single day. If we are only able to watch a small fraction of those candles due to time constraints, we are forcing ourselves to trade with only a small fraction of the available data. But when we increase the time frame to something larger, like a 4-Hour or a Daily, we are able to see a majority of the days data with a quick glance.

What is Multiple Time Frame Analysis?

Another topic that is popular with regards to time frame, is multiple time-frame analysis. Often times, traders will use more than one time frame on a single currency pair to get a feel for what the pair is doing short, medium, and long term.

One method that I use is starting off by looking at a large time frame to look for the overall trend direction, and then look for trade setups based on a smaller time frame chart in the same direction as the larger time frame. This ensures we are not placing a trade against the overall trend. James Stanley has a great write up on Multiple Time Frame Analysis that I recommend checking out to learn more.

How Automation Unlocks All Time-Frames

And finally, if the time frame you want to trade is not recommended due to the limited amount of time you have available, it might be a good idea to look into trading automation. Automation allows us to turn our trading strategy into computer code that will automatically open and close trades based on our created rules 24 hours a day, 5 days a week. This means we would be free to trade any time frame we want without restriction.

There are several different routes to take when it comes to automated trading ; using someone elses strategy, adapting someones pre-made strategy to fit your own, or have someone custom make the strategy specifically to your specifications. All of these options are a possibility, as I have used all 3 types in my trading career.

In Conclusion

In conclusion, choosing a time frame should be based more around the amount of time you have to spend in the markets each day, we can use multiple time frames to enhance our strategies, and by using automation, we have the freedom to trade however we like. If you would like to experiment with different time-frames, download a Free Forex Demo account with free charts and real-time pricing data.

Good trading!

---Written by Rob Pasche

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Momentum trading strategies in forex

Momentum trading strategies in forexBest Trading System (Only Momentum) Forex Factory

Read Best Trading System (Only Momentum) Forex Factory Review

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Top 5 Qualities Of The Best Stock Breakouts – Trading Strategy.

When buying breakouts of growth stocks, one of the three main techniques of our momentum swing trading system. we look for because all the best stock breakouts share the same traits. breakout because the momentum of the new uptrend is just ramping up. james16 Chart Thread Forex Factory

Best Forex Strategies - Best Forex Strategies and Forex Systems

23 Mar 2015. Faizumi fx Trading System Template paste in “template” directory in. “Swing Pips” System is mainly a trend-momentum following system designed for trading forex. This system is all about catching and predicting Trend….just look at. forex forex factory calendar Forex System forex trading forex tradingÂ.

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2 Jan 2010. The trading system by Craig Harris has really gotten me interested this week. Since we're not really doing any trading this week due to the holiday, I've had time to just look. I could do pretty good overall but shorter term charts can swing. Forex Factory has a nice calendar setup that allows you to set theÂ.

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chart and example of trades in next post to understand this momentum systemÂ.

Escalator to Pips Methodology Trading System - Forex Strategies.

42# Stochastic Trading Method I “ Basic Momentum” · 43# Stochastic Trading. Submit by JanusTrader (written by Forex Factory). What I am saying is don't set your stops like you only have $500 to trade with…even if that is all you have.

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21 Jan 2014. Learn how to trade forex pairs in the 4-hour time-frame with this MACD forex. Curating the very best of top traders. Philip Nel started a thread at ForexFactory forum discussing the 4-hour. This trading strategy is a momentum trading strategy like the 5-minute MOMO trade and Elder's Impulse System.


now is one of the best forex trading systems you might have ever come across.

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Best free ea forex robot

Best free ea forex robotBest Free EA Forex Robot

The best free EA expert advisors for trading the forex currency markets are shown below. If you know of any other QUALITY free forex robots, please let us know so we can test them out and recommend them.

Ichi FX fell from grace and the operators no longer wish to publish trading statements for the public to view - This means only one thing, and that is that Ichi FX is a losing trading system in the long term!

More Free Forex Robots to be added here with time. If you know of any good ones, please let brainyforex know.

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Welcome to blue ox timber frames!

Welcome to blue ox timber frames!Welcome To Blue Ox Timber Frames!

We’re a privately owned custom timber frame builder located in the Lakes Country of Central Minnesota. We build the majority of our timber frames in the Midwest, however we have erected our timber frames all over the US. Please browse our website and feel free to contact us if you have any questions.

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The turtle trading channel

The turtle trading channelThe Turtle Trading Channel


This trend following system was designed by Dennis Gartman and Bill Eckhart . and relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the buy low and sell high approach. This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.

The main rule is Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M) . Examples:

Buy a 10-day breakout and close the trade when price action reaches a 5-day low.

Go short a 20-day breakout and close the trade when price action reaches a 10-day high.

In this indicator, the red and blue lines are the trading lines, and the dotted line is the exit line. Original system is:

Go long when the trading line turns blue

Go short when the trading line turns red

Exit long positions when the price touches the exit line

Exit short positions when the price touches the exit line

Recommended initial stop-loss is ATR * 2 from the opening price. Default system parameters were 20,10 and 55,20.

I have, however, altered a little bit the algorithm to get early entry signals and avoid random trend swings in highly volatile conditions. To do so, this indicator will only show a trend change when a bar actually closes above or below the current trendline - instead of just touching it like a normal stop-loss order would do-. The downside is that you can only detect trend changes when the last bar has already closed. Just in case, the strict version is also available.

This indicator should be used together with my other indicator: The classic Turtle Trading Indicator. to represent the same period or the failsafe trading system and get further signals if you have been stopped out. Both indicators implement trading alerts, enable or disable them at will depending on your trading setup.

Original Turtle Rules:

To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A. k.a S1 )

Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A. k.a S2 )

The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.

Sell 20-day breakouts using S1 only if last signaled trade was a loss.

If last signaled trade by S1 was a win, you shouldnt trade - Irregardless of the direction or if you traded last signal it or not -

The entry strategy using S2 is as follows:

Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you

Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you

The turtles had a progressive position sizing approach that boosted their winnings. Once a trading decision has been made you should

Enter the market with 2% risk. Place stop-loss 2ATR from the opening price.

If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.

If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.

If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.

Stop adding to positions when 4 positions have been taken. (*** And see money management rule below)

The exit strategy is performed using the dotted line of the indicator:

Exit longs taken using S1 when price action closes below a 10-day low

Exit shorts taken using S1 when price action closes above a 10-day high

Exit longs taken using S2 when price action closes below a 20-day low

Exit shorts taken using S2 when price action closes avove a 20-day high

The turtles had very strict money management too. Initial position risk was 2%, but it decreased according to the current drawdown.

If the account had a 10% drawdown, the risk for each trade should decrease a 20%

If the account had a 20% drawdown, the risk for each trade should decrease a 40%.

If the account had a 30% drawdown, the risk for each trade should decrease a 60%.

So, if the account had a N% drawdown, the risk for each trade should decrease N*2%.

Other considerations:

Dont get too fixated to the 20,10 (S1) and 55,20 (S1) parameters

The TradePeriod must always be higher than StopPeriod


2012-05-17: Added alerts, fixed an important bug and attached a raw version displaying both channels.

2012-06-12: Updated the indicator enabling the strict mode from the same file.

The Turtle Trading Channel


This trend following system was designed by Dennis Gartman and Bill Eckhart, and relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the buy low and sell high approach. This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.

The main rule is Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M). Examples:

Buy a 10-day breakout and close the trade when price action reaches a 5-day low.

Go short a 20-day breakout and close the trade when price action reaches a 10-day high.

In this indicator, the red and blue lines are the trading lines, and the dotted line is the exit line. Original system is:

Go long when the trading line turns blue

Go short when the trading line turns red

Exit long positions when the price touches the exit line

Exit short positions when the price touches the exit line

Recommended initial stop-loss is ATR * 2 from the opening price. Default system parameters were 20,10 and 55,20.

I have, however, altered a little bit the algorithm to get early entry signals and avoid random trend swings in highly volatile conditions. To do so, this indicator will only show a trend change when a bar actually closes above or below the current trendline - instead of just touching it like a normal stop-loss order would do-. The downside is that you can only detect trend changes when the last bar has already closed. Just in case, the strict version is also available.

This indicator should be used together with my other indicator: The classic Turtle Trading Indicator,

to represent the same period or the failsafe trading system and get further signals if you have been stopped out. Both indicators implement trading alerts, enable or disable them at will depending on your trading setup.

Original Turtle Rules:

To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A. k.a S1)

Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A. k.a S2)

The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.

Sell 20-day breakouts using S1 only if last signaled trade was a loss.

If last signaled trade by S1 was a win, you shouldnt trade - Irregardless of the direction or if you traded last signal it or not -

The entry strategy using S2 is as follows:

Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you

Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you

The turtles had a progressive position sizing approach that boosted their winnings. Once a trading decision has been made you should

Enter the market with 2% risk. Place stop-loss 2ATR from the opening price.

If the position moves in your favor 1/2ATR, enter the market again with 2% risk and trail all stop-losses 2ATR from current price.

If the position moves in your favor 1/2ATR, enter the market again with

2% risk and trail all stop-losses 2ATR from current price.

If the position moves in your favor 1/2ATR, enter the market again with

2% risk and trail all stop-losses 2ATR from current price.

Stop adding to positions when 4 positions have been taken. (*** And see money management rule below)

The exit strategy is performed using the dotted line of the indicator:

Exit longs taken using S1 when price action closes below a 10-day low

Exit shorts taken using S1 when price action closes above a 10-day high

Exit longs taken using S2 when price action closes below a 20-day low

Exit shorts taken using S2 when price action closes avove a 20-day high

The turtles had very strict money management too. Initial position risk was 2%, but it decreased according to the current drawdown.

If the account had a 10% drawdown, the risk for each trade should decrease a 20%

If the account had a 20% drawdown, the risk for each trade should decrease a 40%.

If the account had a 30% drawdown, the risk for each trade should decrease a 60%.

So, if the account had a N% drawdown, the risk for each trade should decrease N*2%.

Other considerations:

Dont get too fixated to the 20,10 (S1) and 55,20 (S1) parameters

The TradePeriod must always be higher than StopPeriod

Online The turtle trading channel

Trade management101

Trade management101Trade Management 101

This article is an extension on our series on Price Action strategy. Last week, we looked at How to Manage Risk with Price Action .

If you were to ask ten new traders what it would take to become a professional, or even just profitable; youd likely get at least 9 responses dealing with the entry or strategy for entering the market.

After all, its only logical to imagine that if one were to find profitability, theyd need a system or a way of buying before prices move up or selling ahead of a decline.

Its only after countless hours and numerous trades will one often realize that the key to profitability entails much more than just finding good setups. The future is uncertain, and most systems or strategies will have a period of bad performance. This is just the nature of the beast.

In this article, were going to discuss trade management.

The Importance of a Plan

Another topic that we discuss at length in DailyFX are Trading Plans and the importance of having one. While the idea of being able to just follow ‘gut instinct and reactions can be attractive, we have to take a realistic look at matters of trade management.

Human beings cant tell the future; and being in a trade or a position doesnt make that any more likely. So, rather than placing a trade and just ‘hoping for the best, traders should take a plan-of-attack into each setup.

The Beauty of the Break-Even Stop

We cant help it: As human beings, we are wired to try to win; its in our DNA. This is why most new traders will, at some point, suffer from The Number One Mistake that Forex Traders Make because they try to do whatever they can to win on each and every position. As traders, were constantly facing this conundrum of ‘greed and fear.

This desire to turn each and every trade into a win is not a good thing. This means that traders (especially new ones) will let losers ride for way too long while shutting down winners way too quickly. Some trades just need to be closed before a short-term idea becomes a long-term problem. We discuss this premise in the article, How to Lose Properly.

One defensive method that traders have to off-set this behavior is the break-even stop.

The break-even stop is the act of the trader adjusting their stop-loss order to the entry price on the position after the trade has moved in their favor. Doing this means that, even if the position turns around and evaporates the profit in the trade; the trader is taken out at their entry price.

The Break-Even Stop can assuage traders fear over watching a winner become a loser

Taken from The Break-Even Stop ; prepared by James Stanley

This is designed to help offset that ‘fear that traders will often feel while in a winning position. Many traders close out winners too quickly when these are usually the situations where you want to try to be greedy.

The break-even stop allows a trader to rest comfortable with the idea that, worst case scenario; they still have protection on the trade.

To Scale, or Not to Scale

At the forefront of the trade management discussion is the topic of scaling. There are two ways to scale a trading position.

You can scale into a position by incrementally adding to the lot.

Or you can scale out of a position by incrementally removing pieces of the lot as the trade works further. But before considering to do either, keep in mind what we mentioned about the importance of a plan. Well discuss scaling out in our next article, Trade Management 102.

‘Scaling in can be dangerous… It be an excuse for traders to add to a losing position. This can be disastrous; because if the position is showing you a loss already that means your initial analysis was incorrect. And if that move continues, adding to this losing position can only exacerbate the cost of being incorrect.

Rather, scaling in can be a strategic way to enter the market with a concentration on risk. We discuss this topic at-length in the article How to Scale In to P o sitions.

Lets say, for instance, that a trader wanted to buy GBPUSD with a 200-pip profit target. The trader can simply place the entire lot on the entry of the trade; or they can impose a ‘scale-in approach in an effort to take less risk on the entry.

So, rather than putting on the entire position at the outset of the trade, they can put on 1/4 of the lot; and then wait to see if the setup will work. After the setup gains a pre-determined amount (this could be 10 pips, 50 pips, or 100 pips), they can add in the next ¼ of the lot. And after another positive movement in the traders direction, they can look to add in the third quarter of a lot, and then later the fourth.

Scaling-In can allow t raders to enter positions with a risk-conscious approach

Taken from How to Scale In to Positions ; prepared by James Stanley

The benefit behind this is that if the initial setup doesnt work out as the trader had anticipated, they only take a loss on the 25% of the position. They dont add the second until they have a decent idea that the initial analysis has proved beneficial.

Additionally as the position moves in the traders favor as theyre scaling in, they can look to move the stop from the previous scale to break-even; thereby further limiting risk of the entry. As the trade continues to develop while the trader is adding pieces to the lot, stops can be adjusted further in-the-money to protect more and more of the unrealized profit in the position.

In our next article, were going to examine a much more exciting prospect: Taking profits by scaling out of positions; one of the only ways that traders can balance the greed of looking for a larger profit with the prudence of taking some risk off of the table.

--- Written by James Stanley

Before employing any of the mentioned methods, traders should first test on a demo account. The demo account is free; features live prices, and can be a phenomenal testing ground for new strategies and methods. Click here to sign up for a free demo account through FXCM.

James is available on Twitter JStanleyFX

Are you looking to take your trading to the next level? The DailyFX 360° Course offers a full curriculum, along with private, weekly webinars in which we walk traders through dynamic market conditions using the education taught in the course.

If youd like a customized curriculum based on your current experience level, our Trader IQ course via Brainshark can offer assistance. Please click on the link below to complete our Trader IQ questionnaire.

Would you like to trade alongside seasoned professionals throughout the trading day? DailyFX On Demand gives you access to DailyFX Analysts during the most active periods of the trading day.

Would you like to enhance your FX Education? DailyFX has recently launched DailyFX University ; which is completely free to any and all traders!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Learn forex trading with a free practice account and trading charts from FXCM.

Online Trade management101

Currency terms and definitions glossary

Currency terms and definitions glossaryCurrency Terms and Definitions Glossary

Extrapolates the behavior of an element (such as volatility) from a certain time period to a full year.

Usually the currency of the home market in which a trader or investor is buying or selling.

A version of the 164 Currency Converter that you can customize for your personal use. The Customizable Currency Converter allows you to insert your own HTML headers and footers to change the appearance of the Currencies Converter and its results.

Decision-support tool

Any tool that provides an unbiased second opinion and reliable support throughout an investor's or trader's decision-making process. A decision-support tool enables effective risk managment, thereby increasing the profit potential (higher exposure at lower relative risk, more consistent return). It enhances overall trading performance, enabling financial institutions to improve their customer service, and increases trading volume. It reduces the complexity in the trading room and allows better use of financial resources.

investors and traders who trade small to large volumes in the foreign exchange markets daily

professionals who do business internationally and who want to minimize foreign exchange risk due to currency price fluctuations

Directional quality

The exchange rate of a foreign currency as quoted against the US dollar (USD). Some currencies are typically only quoted against the US dollar, such as the Algerian dinar (DZD) and the Andorran franc (ADF). The exchange rate of the Algerian dinar against the Andorran franc is thus computed from DZD-USD and ADF-USD.

The number of one currency needed to buy another.

Some data may be "bad," stemming from such causes as a market maker incorrectly typing a price, or entering the correct price but in the wrong format. All data used by OANDA is filtered using its own sophisticated algorithms.

An organization primarily established to offer and perform financial services. Examples of financial institutions include brokerages and banks.

A statistical analysis of the markets whereby a percentage chance is assigned to a given price movement occurring. A forecast of the foreign exchange markets is similar to a weather report in that both assign a probability to the occurence of an identified market or climatic change. 

Financial services that provide professional traders and investors with an unbiased second opinion and reliable support throughout the financial decision-making process. Any professional with international business relations can use the forecasting services to reduce there foreign exchange risks due to currency price fluctuations and get up-to-date information anytime.

Online Currency terms and definitions glossary

Uk share trading

Uk share tradingBet365 Financials Betting on Forex, Stock Markets Shares.

Claim your 100% Deposit Bonus and Free ?50 Mobile Bet Here

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How to bet on financials, with Bet365.

Placing a bet on the financial stock market with bet365, is straight forward. Bet365 offer 3 different time-scales to bet on Forex, Stocks and shares. For example, you can place a bet that stock prices will rise over a certain level, in a given time period. Alternatively, you can also predict that it will fall beyond a given price.

The odds available change constantly, although you are always in control of this and are able to secure, and fix the odds you want.

Bet365 financial betting currently offers the best sign up bonus, offered by any bookmaker in the Uk. With a whooping ?250 free bets offered for your first deposit bonus. You can use this anywhere on the bet365 site, for either betting on financial markets, shares, sports, slots or play roulette in the casino.

Financial betting is an alternative option to trading shares in forex, stocks or commodities. We have listed a guide below on how to begin and join in trading, with the best financial game online.

To open an account with bet365 financials, choose from one of the available time slots above. You will need to deposit a minimum of ?10 to receive your free bonus, and to receive the maximum benefit, deposit ?200 to receive ?450 in total. This includes your ?50 free mobile bet.

Below is some advice and bet365 financials betting help. key points for your information, and to help get you successfully started!

Helpful Bet365 Financial Betting Tips Information

Times to Bet on Financials.

You have a choice of betting on a wide range of markets and share types. Bet365 financial betting is available every weekday from 08:00 until 21:00. Financials at bet365 covers indices on Wall Street and the FTSE and Forex with 3 currency pairs on offer GBP/USD, EUR/USD and USD/JPY also available.

Markets and Bet Types

Bet365 offer odds within each market, on the finish level. You decide if the market will finish lower or higher than the figure quoted, as well as range bets. Here you are able to place bets on many levels within the market. Every bet type has 12 different strike levels available at any given time. When markets move significantly during a period, bet365 adjust the levels offered so you can choose an attractive scope of prices. Choose to bet Yes or No for each strike level, snapping up the odds on display. Be a bull, the bear or both!

Why bet financially with bet365?

Bet 365 has the most diverse available options for Financial betting in the Uk. Choose from Dozens of Forex Pairs, Foreign Stock Markets, or just stick to the United Kingdom Stocks you know well!

Bet365 is the most popular financials betting site in the Uk. They offer the best loyalty rewards in terms of free bonus bets, offer outstanding customer support and they make you feel like a VIP from word go. Bonus betting Offers are frequent, and on many occasions no deposit is required.

New financial options are being added daily. If you know anything about Company shares, Foreign exchange, forex and stock markets, this may be your key to your success with this Financial trading game.

Follow how the market has moved during the day using bet365 graphs showing live prices for each financial on their betting page. You also have the option to close your bet early, making a profit or loss. Bet365 are the only bookmaker to offer this option. All Winnings are transferred to your account instantly to withdraw or bet again.

You are able to bet on stocks and shares, choosing variable or fixed odds. Bets can be altered within the time period, even after a financial bet has already been placed on the live trading game. Choose to bet either every 5 minutes, hourly or daily from the bet365 financial betting table above.

Betting on Financials is a fairly new service. Please remember that Bet365 Financial betting is gambling. They can be addictive and that you should never bet more money than you can afford to lose. We stress that although betting online is fun, Gambling Online is not for everyone and is for persons over 18 years of age only.

If you have read all of the above, understand the risks involved and wish to play with bet365 financials betting, please use the link below to claim the latest Free Bonus on offer!

To Open an account and claim ?250 Free bets, click here.

Online Uk share trading

University of essex online

University of essex onlineFinancial Trading Analysis course

Location: Online

Qualification: Financial Trading Analysis (FTA)

Mode of study: Part-time

Duration: 4 months

Places available: January 2016

Tuition fee: £1,500 - please visit our postgraduate tuition fees page for more information

Taught by: Kaplan Open Learning

Further information: For more information, please e-mail us

About the Financial Trading Analysis course

Our Financial Trading Analysis course is a short Masters-level introduction to finance for individuals who have an interest in risk management and trading and want to learn about financial markets and how they operate.

This course will teach you how financial assets are analysed, used and traded by different market participants for different applications. It will develop your understanding of different asset classes (including commodities, equities and the money market), analytical tools and risk management strategies. You will also look at the role that risk management plays in financial decision making and learn about theories of behavioural finance and trading psychology.

Developed in association with FXStreet - a leading independent portal dedicated to the Foreign Exchange (Forex) market - you will be able to put your learning into context on live trading simulators and benefit from tuition by experienced industry professionals.

Why study this subject?

The financial markets are important to individuals, organisations and entire nations; affecting everything from personal wealth to corporate behaviour. Whether you want to build on your undergraduate business studies with an eye to financial management, take the first step towards a career in investment banking or brokerage or create a portfolio as a private investor, the Financial Trading Analysis course will give you an excellent grounding in how financial markets operate and how industry professionals approach them.

The Financial Trading Analysis course is worth 20 credits at Level 7 (Masters Level) which may be carried forward to progress on to one of our related business Masters courses.

Online University of essex online

Nifty futures-calendar spreads

Nifty futures-calendar spreadsNifty Futures - Calendar Spreads

Nifty Futures - Calendar Spreads

This thread will discuss possible strategies to do calendar spread in nifty futures.


I was exploring various option spreads strategies and was checking the margin requirements for spreads on zerodha site, when i came across the nifty futures calendar spread.

What enticed me towards this was :

a) Low margin requirement. 6K-7K

b) Aligned towards positional strategy

c) Lack of any information available on this topic

d) Relatively little risk while trading. As you know the risk you are entering into. i. e. the spread

Have started off by taking the data for last 2 weeks for Oct and Nov futures. As first analysis steps, I'm going to analyze:

a) Coorelation of difference between Oct and Nov Futures with spot

b) Spikes which lead to break of corelation. i. e. the trade opportunities

Online Nifty futures-calendar spreads

Forex virtual private servers(vps)-what are they and why you need one

Forex virtual private servers(vps)-what are they and why you need oneForex Virtual Private Servers(VPS) - What are they and why you need one

Why do you need a Forex Virtual Private Server(VPS)?

Well have you ever been trading or doing something on your computer, and then it crashes, or your internet drops out, or you may have to leave your computer and can't make sure it's always switched on and connected to the internet? If you answered yes, then you are like everyone else who gets frustrated with computers from time to time.

This is where a virtual private server also known as a VPS come in. Now before you think "it's all too hard" or "it sounds confusing or expensive" just hold on a second, and read this article. Setting up and using a VPS is probably a lot more easier than you think and will give you the best chance to succeed in automated fx trading.

First, let us explain what a VPS is;

A virtual private server is like having another computer that you don't own psychically. It's a computer that is owned by the company renting them out and held in their server storage space. This remote computer is always on, runs windows operating system and can be accessed anywhere in the world with any internet-capable device. You can load whatever data or software applications you like onto a VPS just like you can with your normal computer, the only difference is your main computer/laptop doesn't have to be switched on for the software programs to run on your VPS.

Whether your computer is on or not, your software applications will still be running on your VPS. This what makes having a VPS such an advantage for automated trading. The largest hedge funds and investment banks invest millions of dollars into their servers that run their automated trading strategies.

Installing Metatrader and running your expert advisors(automated systems) on a VPS is not only a smart move, but critical to your automated trading success. No longer do you need to worry about your computer or internet crashing or not having your computer switched on.

How much does owning a VPS cost?

Owning a VPS is a wise investment, and for what it does, it is quite economically feasible for just about everyone. Depending on the computer strength you purchase, renting a VPS typically costs between $50-$70 per month. This is a small fee to ensure that your automated trading systems are always running, you can access your VPS via your phone, computer or any other internet device, this means you can check your trading account on the fly anywhere in the world. Also, typically since your VPS is dedicated to running your expert advisors on metatrader, their will be less potential computer issues and much faster ping times to your broker, which means lower order latency, you orders will reach and be executed by your forex broker in less time than if you were running your EA's from your desktop pc. This can give you a small advantage if you are trading the same strategies as other traders on the same broker, you will consume the available liquidity first and possibility reduce your slippage.

After subscribing to a VPS service, how do I get setup?

We provide a list of suitable VPS providers below, all of which specialize in helping forex traders like yourself get setup quickly and for the best price available. Most VPS providers come with Metatrader pre-installed, making your task of setting up as easy as possible.

Ok, so you have chosen a suitable VPS provider, then after subscribing you will receive a confirmation email with your logon information. You will receive two number, your unique IP address that looks something like this and a password. Using this information you go to your start menu > accessories > remote desktop connection as shown below;

After clicking on Remote Desktop Connection in your accessories folder, your will see the below screen appear, simply enter your provided IP address, click on connect, enter your password, then wait for your VPS to load, it will load just like any other application on your computer.

Now that you have loaded your VPS, you will see a new application open, with a screen that looks exactly like your desktop, you now have access to your remote computer. You can now install new software applications or move data their via email or downloads. It's like having a computer you can access with another computer.

Your all done! Once you have installed Metatrader and your expert advisors on your VPS, you don't need to do another thing. You don't need to keep your VPS program open, as once you logout, all your software applications on your VPS will keep running, your VPS nevers shuts down, it's your remote computer that is always on. By now you realise the many benefits of having a VPS and shortly after using a VPS you will wonder how you ever traded without one. Please note some VPS providers have their own web-based VPS platforms, making access and use of a virtual private server even easier for you.

Please find below our recommended VPS providers, all of whom specialize in servicing forex traders like us;

The Smart FX - From $49 per month, 6GB disk space, 200GB monthly bandwidth.

Forex Hoster - $69.95 per month, Linux based system for more protection, unique web based management system for uploading your EA's.

Forex Decoder - $49.95 per month, unlimited Metatrader platforms, 99.9% uptime.

Before committing yourself to automated trading, we highly recommend you get your own VPS to run your expert advisors on. Setting up is quick and easy, usually accomplished in minutes. If you have any more questions regarding forex virtual private servers please don't hesitate to contact us.

Online Forex virtual private servers(vps)-what are they and why you need one

Forex trading system

Forex trading systemForex Trading System

Our FX platform is based on the award-winning MetaTrader (MT4) technology, the standard platform in the foreign exchange industry. All trading functions can be performed from the main screen, including placing a trade, modifying an existing order, position management, and margin analysis as well as the implementation of automated trading strategies called EAs (expert advisors).

Under our STP (Straight Through Processing) Technology, our MT4 platform can execute trades in under 1 second, providing a quality of execution unmatched by many brokerage firms in the industry.

Below, you will see a screenshot of the main screen of the actual trading system. Below the image, there are links to the most important sections or functions of the software, such as how to place an order and close an open position. After you request a simulator and install the platform, a more in depth user guide can be accessed from within your trading terminal.

How to Trade on the MT4 Platform Quick Start

To be Able to run our FX trading platform with free charts and automated trading tools as efficiently as possible, we recommend to use a Windows computer or any Mac running Boot Camp, VmWare Fusion, or Paralells. We also recommend that you register for our free training to shorten the learning curve when it comes to trading currencies.

Platform Software/Hardware Requirements

Platform Download and Installation Instructions

Account Opening Instructions

Forex Trading System

You need a Forex trading system if you want to become a serious trader. You can try and learn how to trade on your own but it usually costs more in the long run because of all the losses and there are things you will not pick up on your own.

There are many trading systems both where you do the trading and those that are automated Forex trading systems.

The Forex autopilot systems usually only work when the market is moving in the manor in which the system was programmed. When the market changes the automated forex system will lose all that it made and more.

The best Forex system is the manual system that teaches you how to trade .

There are day trading systems, long term, and swing trading systems. There are simple forex trading systems and some that are complicated. Just because something is simple does not mean that it is wimpy. The Forex currency market is hard enough without getting a complicated system.

You can get a Forex trading system course where you get all the material in hard copy and you can get forex online systems where you can get access to the material any time and place you might be. We like the online approach best.

The best Forex trading system should have exact entry and exit signals as well as risk and money management instruction. It should not cost so much that you don’t have any money left to trade.

The best Forex system will also have an alert system to bring more trades to you based on the manual instruction you have already learned. You just get more of what you need in a short period of time.

Sometimes you can get a free Forex trading system when you purchase an alert or coaching package. Check it out but get some kind of a forex currency trading system with Alerts and stick with that system once you find out that it is for you. If it is not for you look for one that you can stick with. Don’t make your trading career one of jumping form one course to another.

Hope this helps and good luck in your trading.

Identifying Binary Options Signals

Trying to figure out all of the new forex lingo as it comes out can be a challenge, but don’t get discouraged — there is always time to learn something new! You just need to tune into guides like this. The only thing that you need to know here is that when it comes to forex options, you need to keep your eyes open. Charting still applies, and understanding the underlying markets that you’re trading are going to matter as well. You will need to understand that binary options simply mean that you are working with forex options contracts that must be executed once set. You are only limited to two different choices there.

What about the alerts that drive the binary options contracts? Ah, that brings us to binary options signals. They are derived only after analysis of the underlying asset to be traded has been completed.

Binary options signals are a new phenomenon in the forex world, so there’s always new information coming out. What you will want to do here is make sure that you’re working with a good binary options signals company that can give you the freshest information on your own terms. Every trader knows that time is something that’s incredibly liquid in the forex world. You have to know when to seize it and when to move on to other opportunities.

Looking up reviews is going to help you really figure out what to use and what to avoid. Just like you need to do your homework before you look up a broker, you need to do the same amount of homework before you pick binary options signals. Even though other people would disagree, they are really not created equal.

Nobody can really hold your hand in the world of forex — this is an investing world like none other, so you have to make sure that you do the legwork for yourself. Even if you are looking at reviews, you still need to process things in the back of your head. Is everything working towards your goals? If so, proceed. But if something doesn’t match up with what you need, it shouldn’t be anywhere near your portfolio period.

The bottom line is that it’s your money to invest as you please, but you always have to think about risk no matter what investment comes into play. This is even more the case when it comes to forex — good luck!

Three Types of Forex Accounts

The goals that an investor has when they decide to trade in foreign currency will determine the type of forex account that they open. Most investors choose between three different accounts; a forex mini account, a managed forex account or a full forex account.

Forex mini account

A forex mini account is one which is typically opened by investors who want to participate in the foreign exchange market more actively but do not yet have the knowledge, experience or the money to do so. Mini accounts are generally opened for a fraction of the standard price, making them more affordable for someone who might be leery of investing so much money in a full account, especially when their lack of currency investment experience could set them up for losses early on. Trading can be conducted on a much smaller scale with a mini account, enabling the new forex investor to take smaller positions on currencies. They can also be used to experiment with different trading strategies until the investor finds one that suits them. Additionally, forex mini accounts give investors the same access to various forex tools, including trading platforms, charts, and more.

Managed forex account

A managed forex account is one in which the forex trader hires a money manager to oversee their account. They may opt for this type of account because they do not have the time each day to commit to supervising an account that would be trading on such a liquid and fast-paced market as foreign exchange. Investors may also choose a managed account simply because they want their money to be handled by a trained professional with a proven track record of successful currency investments. This does not mean that the investor does not retain control of their account. On the contrary, they will dictate to the money manager the terms by which their investments should be made. The money manager will then make no decision outside of the investor’s guidelines, pursuing the same investments that the investor themselves would make. Many money managers are available for hire who specialise in certain currency investments and strategies, allowing the investor to tailor their managed account even further to their liking.

Full forex account

The full forex account, or standard forex account, is the most basic and common type of forex account that one could have. The investor is in control of their money and each investment is initiated by the investor themselves. They can take advice from various sources when necessary, but unlike a managed forex account, a full account will not be manipulated by anyone but the account holder. Also, a full forex account requires the standard starting investment, which contrasts with a mini account that allows users to start small. A full forex account is what those with a mini account are working up to, and it is the account that most currency investors open when they are transitioning out of a managed account, where they invest part-time and in to full-time forex investing.

Some Stock Market Lessons

Understanding how the stock market works and having a trading strategy is only useful if you stick to it. If you invest in a stock market lesson to learn some good stock market strategies then you need to keep to the plan if you want to succeed. However many stock market investors let their emotions take hold of them and they forget the strategies they learnt from the stock market lessons that they have paid good money for. They become emotionally engrossed in a trade, so they ignore all the rules and warning signs.

Many investors forget their plans and strategies and either simply watch as their portfolio values drop and they will still hold their positions or then in a moment of panic decide to sell at the lowest point in the market realising the largest possible loss. Or they may fear missing out on a big gain, or be so deep in loss that they could not possibly sell at that point. Even if you believe that all positions will recover from their losses, and the truth is that not all of them will, this is a terrible way to trade. It shows a lack of understanding about how the stock market works and it does not matter what stock market lessons you subscribe to. If you do not have the right investing psychology, you are going to continually make donations to the market.

Any stock market lesson should teach you that when you first form your plan for a trade, you should consider what stock price you think it is likely to reach. Often this is called a target price, which often gives the beginner investor the wrong impression. A target price is not necessarily the stock price that has to be reached. Depending on your strategy often a stock price does not have to do anything. If you treat your target price as a goal, it can lead to many problems. Your target price should only be used as a guideline. In a strategy like the share renting strategy it can actually can be advantageous for the stock price not to move much.

The target price helps you figure out your risk to reward ratio, and it gives you an exit signal in your trade. Many advise that setting a 30% profit and 20% loss is the point where a trade should be exited. At the least, it should give you a point where you should reassess the ability of the trade to continue following a particular trend. Remember your trade may never reach your target price. Many factors can interfere with the stock market and a stock price, and you may have set your target higher than you should have.

A good stock market lesson is to understand that there are a number of factors that can influence a stock price and force you to close your position sooner than you may have planned. Your stock market lesson education should cover all of these possibilities, but here are some reasons that should always prompt you to close or reassess a position:

1. The end of a trend. Remember that the trend is your friend and all trends end some time, and you should be prepared for this. Continue reading →

Ways in which you can benefit from Forex Trading

Forex trading has become quite common as many people are involved in trading to earn more and more money. There are many benefits forex trading offers to the traders.

A look at forex benefits by new traders

When new traders enter the market, they are not completely aware of the various benefits trading provides them. So, it is important that they come to know of the complete details so that they are not misguided and can take full advantage of the various features and benefits at forex trading.

Exciting benefits currency trade offers

Round the clock trade

The main benefit of trading currency with forex is that it is possible to trade any time of the day or even at night. This is one feature which gives flexibility to people and they are able to trade during late hours as well.

Liquidity efficiency

Since the trade has infinite sellers and buyers, the traders can even sell when their trade is getting close to the market price that is last. Also it is a known fact that the currency market is referred as the most liquid market among all. The trading volume in a currency market is almost 50 times more than the New York exchange market.

You should also know that there are simply innumerable factors affecting the currency that the probability of anyone or even if we say a group affecting the rate of currency is one in a zillion i. e. close to never.

Transactions at low cost

When making transactions for currency, there is absolutely no commission or any kind of transaction fee that is needed. In case of a forex trade, the only cost a person incurs is with the spread when taking a position.

Another cost in case of forex trade is slippage, this need to be paid when the traders are entering in the market at price lower than they wanted.

Because of the low transaction costs in the trade market due to the cheap slippage and volatility, many traders are trading at low cost.

Profiting even when currency goes down

Unlike in the share market, where a share goes down you have to sell it off and have no other option, but in currency trading even when a currency goes down you can trade it and profit when you its price is going down. So, in this case it is not a total loss situation.

The benefit with leverage

Since traders can take leverage in high ratios, this becomes a great feature for new as well as old traders in which people can take leverage up to 50:1. Also this is a great feature as there are not many ways in which one can get funds of this level.

This has made it easy for people who have opened up with small trading account to borrow more money.

Forex trading has become quite common as many people are involved in trading to earn more and more money. There are many benefits forex trading offers to the traders.

Forex Software: How to Buy Forex Software

Forex software is available today for very reasonable prices. However, you should learn how to buy forex software so you still find incredible bargains on quality trading systems.

Some simple buying tips for forex traders include the following:

• Of course, one sign that you are making the right choice on particular software is that it is highly regarded both on the Internet as well as off the Internet. If you choose a quality system to start with you will fare better than if you make a hasty decision otherwise.

• It is highly recommended that you make your selection based on multiple factors. For instance, there is foreign exchange robot software out there that can make your selections automatically. Certain automated tools make trades for you based on many different factors such as target market, household income, economic condition, or Internet proximity.

• Another suggestion is to buy forex software that is user-friendly. One in particular that I had recently learned about is the Ivybots. While it may not work for everyone, I myself am tempted to invest in it.

• Consider the return of investment expected and proven as you make your selection of automated and projection programs designed to help you trade. In the year 2008, the program mentioned above (Ivybot) generated an overall return, so the advertiser says, at least-of about 523%

• Finding a program that is very easy to install also helps tremendously. If you can find one that allows you to download it or plug it in for immediate installation and use that is the easiest. You do not need to be a computer whiz to use certain programs.

• Premium customer service provided by a caring customer service staff is always very helpful. This is often provided with some of today’s most popular and useful day trading software.

• If you are new to the currency exchange world, it may help you to sign up with automated services where you can deposit low sums of money. This will help you get started as you learn how to trade. Even better yet, it helps to find forex software that allows you to “practice” before “going live.”

• As you shop, you should also check with the regulations department close to where you live. This will ensure you trade within guidelines set by your local or national government. This should keep you from making illegal decisions while on the market.

Forex Software Trading Review: Forex News Software

One type of forex software keeps you updated on current trading activity. The function of computer programs such as Forex News Software is similar to the ticker tapes and news reports you see on Television or other video sources.

Forex News Software Components

Squawk box This is the scrolling headlines similar to what you would see on some Internet video or television source. It is an instant update provided in real time to help you make the wisest trading moves possible. You receive new information up to eight times per hour, at a minimum of five times per hour.

Order board This includes information based on hearsay pertaining to Fortune 500 companies transactions. It also shows activity based on major hedge funds. This is a great tool for finding out where the stops are on significant and sizeable investments or potential trading moves.

Daily features You can go here before making any trade. Reports here give a summary of previous activity. Likewise, they also help you keep on the lookout during current trading sessions. You can learn what is going on in all markets around the world-in North American, European, and Asian markets.

Trading outlook This portion of Forex News Software helps you keep track of activity on seven major currencies. Therefore, you can keep track of transactions made involving the Yen, Euro, Swiss Franc, and British Pound. You can analyze the movements amongst these to help you make wiser trading choices.

Tech Levels Analysis Information you need which helps you more closely analyze 13 different currencies is lined up here. You can study various statistical aspects of trading such as moving averages, fibonachi retracement levels, RSI, and support/resistance.

Options - You can keep up with options quite nicely using this portion of the Forex News Software. Risk reversal pricing, volatility levels, and strategies are analyzed here. There is also a market commentary provided pertaining to trading activity, levels, and interests.

Global calendar and data bank Quite a bit of information is provided here. You can find data pertaining to interest rates, economic numbers (stats), meeting dates and times, decision makers, and more.

M A Flows This section of a very useful computerized system helps you track various global economies. You can find out where in the world the condition of the economy is the best as well as where it is the worst. You can also analyze flows of funds that circulate around the world.

Strategy Reports These are generated on a daily or weekly basis. In them is provided coverage on numerous strategy variations such as those pertaining to stops and limits. You also can refer to these for information on a variety of other market moves.

Pros and Cons

This is a very detailed service. However, it may be costly for some people. There is a free trial available to those who want to try it out before using it.

Purpose and Benefits of Online Forex Trading Software

Online Forex trading software has been created to make the exchange of foreign currency easier. Oftentimes, users of various online and computer-downloadable tool increase chance of making a profit.

The Purpose

Traditionally the practice of making Forex trades at times required use of very technical mathematical equations. This often placed limits on the type of people who could profit. However, this has changed especially since the use of the Internet.

Nowadays, many aspects of foreign currency statistics and calculations are automated. Since most of the complex figures are automatically generated, more people can participate in this financial market more readily.

The benefits of online and computer-based Forex trading software are many. Just take a look at the most important ones:

You can more quickly identify times in which you should make a move that could lead to a greater profit. You can also become more confident in making the right trades.

Various automated tools help you make more accurate calculations. This helps you plan your next move while you more accurately manage risk.

Sometimes you are even able to trade while you are away from your computer. A specific type of software called a “robot” or “bot” for short is what executes automated trades for you.

You are able to concentrate on more than one currency pair. While doing so, you can make predictions on trades based on varying conditions.

If you are just getting started with exchanging foreign currency, you have the option to practice. This is a function provided by some of the most reputable Forex online trading software developers and distributors.

You become accustomed to analyzing trades that will result in higher profit at minimal risk. This is all accomplished by way of proper support.

Certain tools help you keep updated by the minute (or even second). This is accomplished as you install functions on a browser as a toolbar or perhaps you download software that connects to the Internet and tracks current market prices and trends.


Some of the most helpful online Forex trading software and tools include risk and profit calculators, prediction statistics, and practice market tools. Research these to help you maximize your profits, and get your hands on every foreign exchange tutorial you can find. Of course, you are advised along the way to take certain precautions. One of these is to make sure you deal with brokers you trust.

How Does Forex Day Trading Work?

Forex day trading is one of the most promising opportunities for earning income in the Forex market today. Day trading systems focus primarily on what is happening in the market today not in days, weeks or even months to come.

The Forex market is the largest and most available financial market worldwide. Day trading systems lets a trader chose the best time to trade in the market. It also requires less money to be used to start out with. Many brokers allow accounts to be opened with $250 or less making it easier to be used by more people.

The primary function of day traders is to obtain the price swing. Each trading day in the Forex day system, the volume is determined by the different times when the separate markets are open and coincide with each other.

The Forex currency trading amount stays at a high level but it generally peaks or reaches its highest point when European and American markets open simultaneously. This usually occurs between one and four pm mountain time.

Day trading happens when a trader busy a large amount of a foreign currency at a time and sells it as soon as the price rises for that day.

Because this type of transaction involves a large amount of risk it is not for everyone. For instance, if you cannot afford to lose the money you should not risk it as it is often likely that your losses could be great. Day trading is often more beneficial to those who aren’t totally dependent on the amount of money they are risking making it less of a risk overall. Even with this knowledge day trading systems can be quite promising and a large percentage of Forex trades are made in the form of day trades.

Before you move into the world of Forex day trading it is important that you understand the system as well as the basic fundamentals of the Forex techniques that are utilized.

Once you have learned these things you can then learn how to make trades on your own and not be dependent on anyone else. By doing this it will give you a greater sense of accomplishment because you will have the knowledge that whatever profits you turned you did so on your own by making your own decisions and taking your own risks. It is important to remember that day trading when done right can be quite profitable.

How To Choose the Right Forex Trading Software

Forex trading software is becoming more popular among traders as time goes by. One reason for this is the software’s ability to continue working even if you are not. There are several forex software programs available but it is important to choose the one that is right for you.

There are three important things to remember when choosing the right forex software for your trading needs. These three things include:

Good Security Measures

Proper Customer Support

Easy to Understand and Operate

These are the three most important things to remember when trying to determine which forex software you want to use.

When choosing forex trading software it is important to pick one that uses good safety measures. This should be one of the first things you consider when making the decision of which one to use.

Customer Support

This is also a very important aspect of a good forex trading software program. This is especially important for beginners as you are most likely going to have lots of questions until you learn your way around the market and gain a little experience. For this reason it is important to choose software that has unlimited and constant customer support to answer those questions.

Easy to Understand

It is equally important to use software that is easy to understand and operate. Because most people are just learning this market it is going to be pointless to spend money on a good forex trading software program if it is too complicated for you to use and understand. If you don’t understand what is going on you will lose money quickly and in large amounts.

Although there are many forex software programs available it is important to know which ones are the most effective as well as the easiest to understand and operate. One such software program is Forex Tracer.

Forex Tracer has the ability to continue trading by automation making it effective even when you can’t be right there to monitor ever move that is made. This makes it easy to continually earn money and further increase your profits over manual trading alone.

It is recommended that you use the program on a trial basis for a few days before making a purchase to ensure that you understand how it works and that it is the right program for your trading needs. This goes a long way in determining your success rate.

MetaTrader 4 & 5 Online Forex Trading Software Review

I’ve been in the process of seeking out online Forex trading software. In the process, I stumbled upon information about MetaTrader 4 5.

MetaTrader 4

This software is made up of six main parts: The server, manager, administrator, data center, and client terminal, as well as mobile terminal.

Function - The main role of this software is to help serve over 10,000 traders with all of them working at the same time. This system is also designed to process many different financial symbols. Each main component of this program along with its convenient mobile trading and automated trading functions makes it perfect for financial markets.

MetaTrader 5 (2010 Release)

It is an advanced trading terminal that may have some benefit to you, depending upon your trading objectives. Keep in mind that this particular software may be more advanced, and meant more for seasoned investors and brokers.

Function - Meta Trader 5 is designed to help organize brokerage services. Therefore, all futures, currency, equity, and CFD market info is keep in tact. This is done so that you as a broker can offer your client great services.

Using this program, you can allow your clients to trade in multiple platforms. All this is done from one main account.

Note: This program is currently in the beta testing stage. The official release of it is in 2010. If you want to experience the beta testing software, you can download it via the MetaQuotes website.

Pros and Cons

The MetaTrader 4 as well as the upcoming 5th version are designed to be user-friendly. Yet, they have a very professional purpose. Furthermore, it is considered a highly flexible trading platform.

It has the power to enable all aspects of trading quite easily and efficiently. This software offers support in many different languages.

It seems to be one that has a positive report within the trading community as well. Some people have found it quite reliable. However, it may not be for everyone.

Consumer Responses

Consumers confirm that it is very easy to use. Non-advanced investors and traders can even use it. However, one user mentioned not receiving any support from the broker or developer. On the contrary, another user mentions not having any problems at all.

In spite of not a total 100% satisfaction rating, this product seems to work well overall. The discrepancies in users may be in using the beta tested version versus the live full version.

Forex Trading System

2.1. What is a Forex Trading System?

Forex trading system is the subsystem of the forex trading plan which controls when and at which price you open and close your trades. A trading system operates on the signals generated by technical analysis and/or fundamental analysis. The signals are processed to determine if the trader should buy or sell a particular currency pair or should close the existing position(s). Any currency trading system prevents information overload by filtering the universe of technical and/or fundamental signals in such a way that only the most reliable (successful in the past) signals or signal combinations are acted upon.

There are two types of trading systems - the discretionary and the mechanical . Discretionary trading systems require the trader to use his or her own judgement to determine the importance of each of the technical or fundamental signals (whose number is potentially unlimited) that he or she receives. Mechanical trading systems operate on a fixed number of technical or fundamental signals without the participation of the trader. Discretionary trading systems require the constant application of creativity (flexibility of approach) from the trader in the interpretation of the changing market conditions. Mechanical trading systems require the creativity from the trader only in the forex system development phase .

Discretionary forex trading systems are best used by professional forex traders with a lot of experience (internalized practical market knowledge) against which they can determine the validity of any signal that they receive. These traders typically remember a large number of different signal patterns from the past (just like the master chessmen) that they can compare to the current market conditions, to make their analysis more objective. In essence, they use themselves (i. e. their brain) as their trading system - often very successfully - because human mind has the greatest pattern recognition power on the planet.

Beginning currency traders are advised to start by following professionally created mechanical forex trading systems. Most of these systems are sold in the form of the forex signals that are usually developed by seasoned traders who have found a way to systematize their knowledge of the markets into a working strategy. At the same time, the beginning traders can work on building their own knowledge base of the forex market through the quality forex books. bank reports and newswires on this subject - so that they can too, with time, create mechanical trading systems from their own insights and intuitions (using the forex charting packages which allow to do this).

Starting without a proven mechanical forex trading system (that has positive mathematical expectation ) drastically reduces the chances of preserving the capital. This is because any intuition or a hunch that the traders experience as a result of some newly gained knowledge of the forex market is likely to be overridden by one of the two emotional derivatives of their life-long programming towards the money - the greed and the fear. In other words, without strict adherence to an existing mechanical trading system the beginning trader will eventually succumb to his or her emotions. As a matter of fact, the only way the traders can learn discipline in the early phases of their trading careers is by closely following the signals generated by a proven mechanical forex trading system.

Note: Neural Network Packages (e. g. NeuroShell) emulate the process of human learning and can be used to accumualte the knowledge of the past technical and/or fundamental signal patterns (just like the mind of professional forex traders does) for the purpose of the future currency price forecasting.

Quote: A mechanical approach to the markets can be successful and this is backed up by the fact that approximately 80% of the $30 billion in the managed futures industry is traded by exact systematic methods , from the The Ultimate Trading Guide by John R. Hill, George Pruitt, and Lundy Hill.

2.2. Components of a Forex Trading System.

A typical forex trading system consists of two subsystems - the entry system and the exit system . These systems can operate on a different or the same set of inputs. The inputs can be technical or fundamental signals. A system consists of a number of rules which interpret the signals that it receives. The entry system evaluates the signals to determine if and at which level the positions should be opened. The exit system evaluates the signals to determine if and at which level the open positions should be closed.

The purpose of an entry system is to find market points which allow to open positions with high potential reward and low potential risk (high reward-to-risk ratio). The risk is defined as the pip distance from the entry price to the next support or resistance level lying opposite to the entry direction (above entry for sell and below entry for buy). The reward is defined as the pip distance from the entry price to the next support or resistance level lying in the direction of the entry (above entry for buy and below entry for sell). It is generally advised that the traders accept only the trades with the reward-to-risk ratio of over 2 (e. g. risk=60 pips, reward=130 pips). However, depending on the accuracy of a trading system (i. e. the percentage of the winning trades of all the past trades) this requirement might be shifted to a lower or a higher value without sacrificing the profitability of the system. This is because the true measure of the long term profitability of a forex trading system is neither the average per-trade reward-to-risk ratio nor the accuracy of the system but the combination of these two measures which is calculated as the mathematical expectation of a trading system. In the absence of the accuracy measure of a trading system (as is the case with some discretionary trading systems) - the trader should strive to find entries with the highest possible reward-to-risk ratio.

Note . Elliott wave analysis allows to find entries with extremely high reward-to-risk ratios (e. g. just check some of reports on MTPredictor's site ). It is worth noting that MTPredictor automatically calculates the reward-to-risk ratios and helps to find optimum entry points based on these ratios. Some Elliot wave software developers (e. g. Advanced Get ) also supply their subscribers with detailed Elliott wave trading plans .

The purpose of an exit system is to protect the capital base and the unrealized profits . The capital base is protected by ensuring that the trades are exited with a fixed loss when the reasons for holding them are no longer valid. This is done by triggering a stop-loss order on your forex brokerage account when the price crosses the level which defined your risk at the entry. If you are a discretionary trader, forcing yourself to place the slop-loss on each trade and to stick to it no matter what will make you very selective about your entries - which should increase your profitability. The unrealized profits are protected either by a take-profit order which is triggered on your brokerage account when the price reaches the level which defined your profit at the entry or with the help of the trailing stop-loss which gradually locks in more profits as the price moves in your favour. In fact, the trailing stop-loss exit can be more suitable than the fixed take-profit exit if you wish to profit from the extending character of some impulse waves. In such a case the trailing stop-loss can be placed just a few pips opposite to the trendline which defines impulse wave. There is one more type of exit which can be used to protect the trader from missing trading opportunities - the time exit . A time exit is triggered if a trade hasn't reached either its stop-loss or take-profit level in the specified period of time. Exiting such trades minimizes the chances that the capital will be tied up when better opportunities appear on the other currency pairs.

Note: Most forex newswires (e. g. Marketnews) are a great source of real-time information on the location of the major support and resistance levels and clusters of large orders that are watched by professional forex traders and which can be used to manually update the position of your trailing stop-loss.

2.3. Development of a Currency Trading System.

Creating a mechanical forex trading system involves a number of steps: 1) Selecting the inputs for the trading system - technical analysis or fundamental analysis tools which will generate the signals for the system; 2) Developing the rule-set which will operate on these signals; 3) Optimizing the parameters of the analysis tools used to produce the signals; 4) Backtesting and forwardtesting the system over historical price data. Each of these steps is covered in more detail below:

2.3.1. Selecting the Inputs for the Trading System

It is important to base your selection of inputs to the system on a sound premise about the way the currency markets operate. As an example, you can use 200-day moving average to determine if the market is in a long-term up or down trend because a large proportion of professional forex traders use this technical tool to measure market trendiness. It is also better to combine technical analysis tools of different type and scale because this increases the chances of finding high-probability entry points (those that are likely to be followed by sharp currency price moves in your favour), which should, in turn, contribute to the overall system accuracy.

If you use technical tools only on the higher time-frame charts like the daily or the weekly charts this will increase the duration of the trades and the time periods out of the market - because the signals will take longer to form. Either of these outcomes can have detrimental impact on the trader and investor morale during the inevitable losing streaks as is shown by our forex trading simulator (Please note: The size of this page is 0,6 Mbs and it requires that you have Flash installed and Javascript enabled in your browser). which can last longer than they are naturally prepared to wait. This makes it important to focus on lower time-frame charts (e. g. hourly charts) for signal generation which will lead to shorter trade durations and, consequently, to quicker recoveries from the drawdowns . Shorter trade durations can also help to the trader to overcome the temptation to overtrade because he or she can expect to see the next entry signal in the next couple of days - not in the next couple of weeks.

Quote: Your freedom to choose your time-frame is too valuable to lose. Investors and margined speculators, on the other hand, can choose their own time-frames. This is one of their positional advantages, to use a favourite notion of Larry Hite*. one of the founders of Mint Investment Corp* - one of the largest of the futures fund operators. Investors and speculators can choose. Obviously it makes sense to choose time frames which match any natural rhythms that can be discerned in the currency markets . John Percival in his book The Way of the Dollar .

Note: If you are using the Elliott Wave analysis your average holding period will depend on the degree of the impulse or corrective waves that you are trading.

Deciding which fundamental factors are best for your forex trading system (e. g. as inputs to your neural network ) can be very difficult because the effect of various economic indicators on the currency prices changes with time. In other words, the strength of correlation between the price of a currency pair and the fundamental factors relevant to it is not fixed (even with interest rate differentials ). In contrast, the relationship between the price patterns (especially the classical price patterns ) and trader psychology (the driving force behind most important price moves) remains fairly stable over the years . This is the reason why the forex traders are encouraged to devote most of their efforts to building trading systems around the technical analysis.

Another important question is the time horizon of the prediction that the trader is trying to make with his system. Better not to try to forecast currency prices too far into the future. This is because the number and the complexity of interaction of various technical and fundamental factors rises geometrically with each trading day. It is, therefore, best to leave this task to high-end investment banks and houses which alone have the capacity to perform the necessary calculations inherent in longer-term currency course forecasting. It is more practical for the typical currency trader to concentrate on capturing the so-called knee-jerk market reactions driven by crowd emotionalism through the analysis of the current technical or fundamental conditions.

Quote . Rule 5: Be prepared for anything don't try to predict what will happen or when. Investing is a skill, not a science. The Zen swordsman dicsniplines body and mind to counter any blow spontaneously; he does not anticipate the moves of an opponent, for that impedes his ability to react. Likewise, professional investors know they cannot control the real estate or stock market, let alone the global economy. Instead, they train themselves to be financially intelligent, to think confidently and creatively when opportunities or problems arise. one of the The Seven Rules of Investing given in Robert Kiyosaki's book You Can Choose to Be Rich.

You should also try not to include too many indicators (over 12) in your forex trading system. This is because probability that the system will perform like it did in the past diminishes as you add more indicators to your system. As a rule, the larger the number of indicators in your system the longer the period of historical currency price data you need to backtest the system on.

Note: There is no necessity to learn all the available indicators and technical analysis methods before you can start creating your own robust trading systems. It is usually enough to master just a few basic technical indicators and formations to start combining them to identify high probability entry and exit points. The fundamental and technical reports issues by the investment banks are one of the best sources of information on which technical and/or fundamental signals are watched by the professional trading community that you can include in your forex trading system. In the long run it is best to stick to a sound forex trading strategy, that has high probability of being profitable in the long-run, than to dissipate your capital among a variety of promising techniques.

2.3.2. Developing the Rule-Set which will Operate on the Signals

You can develop these rules based on your observation of how the prices move in relation to various technical and fundamental indicators. For example, you might notice that currency prices tend to resume trending behaviour after they correct toward and touch 200-day moving average. You can use this observation to formulate a rule which will enter the markets when the prices bounce off from the 200-day moving average. You might also notice that the prices tend to stop trending when they touch the outer daily Bollinger bands. You can use this information to create a rule which will exit the trades once the prices penetrate the outer daily Bollinger Band. Because creating rule-sets for mechanical trading systems forces you to quantify your insights about the market this practice helps to clarify them.

The rule-set of a forex trading system is in essence the clarified version of the weighing algorithms that you naturally create in your mind as you learn the technical and fundamental analysis and observe the price action. I say weighing because most of the technical rules are recorded in your mind as fuzzy patterns (e. g. The longer the shadows of a doji the more likely the reversal or The steeper the trendline - the more bullish or bearish the market sentiment. ). When you create the trading system, you transfer your knowledge to the computer in the form that can be understood by it. Admittedly, the quality of the computerized model very often will fall short of the actual mental model that you keep in your head. However, the real advantage of the mechanicizing your market knowledge is the ability to objectively determine the validity of your trading ideas by the process of the backtesting. It should be noted that the closest the computers approach to imitating the complexity of human comprehension of the market patterns is in the neural network packages .

Neural network packages can be especially useful if you wish to model your way of weighing the strength of support or resistance levels. For example, if you think that fibonacci retracements are more reliable entry points if they are confirmed by reversal candlestick patterns and/or RSI divergence you can ask a neural network to search for past occurrences of this pattern combination and determine the actual numeric weight that should be placed on each of these technical signals for the entry or exit to occur. This process is very beneficial because it allows the computer to extend your natural pattern recognition ability by perfecting (or objectifying) the weights associated with each technical input/signal. This way you can objectively measure the strength or the beauty of the technical setups that you encounter in your trading (e. g. the resultant model might require the position to be opened if the total sum of signal weighs is greater than 0,5 where a reversal candlestick signal is worth 0,15, fibonacci retracement is worth 0,3 and the RSI divergence is worth 0,45). In essence, your forex trading system is the description of how beautiful your trading setups should be, where beauty is defined as the convergence of confirming signals from different type and/or scale technical analysis tools. Advanced users of the neural networks can go even further by tying the position size (within the maximum percentage value set by their money management system ) to the strength or the beauty of the technical setup . If done properly this practice will allow them to make the most of the best trading opportunities while simultaneously reducing the exposure on the less promising setups.

Meta4 . An interesting parallel to weighing the signals in order to determine if the position should be taken or not is the way people fall in love. Each person carries a certain number of unconscious or semi-conscious qualifiers that describe in more or less fuzzy terms the appearance, the character, the temperament of their likely mate. When you meet the person who posses enough of these qualities (i. e. above some threshold or unconscious minimum) the cascade of the confirming signals sets your mind off into the love state. A similar process occurs in the mind of discretionary trader when the market action through all of its technical and/or fundamental signals (i. e. when all the pieces fit) activates the hunch or intuition response from him or her. If you compare the mind of a discretionary trader to a neural network the hunch finds its direct expression in the output neuron. The similarity between the process of falling in love and experiencing a hunch is probably behind such market advices as do not marry your trades or do not fall in love with your trades. To stretch the similarity further we can compare a stop-loss order to the practice employed by some of the married couples called the boundary. The boundary is the some form of behaviour unacceptable to the other spouse which if violated will lead to the end of relationship. Yet another parallel is between adding to a losing position and trying to win a favour of an unloving partner - the more you invest the harder it is to let go and the more likely you are to end up devastated financially (emotionally in the relationships). As a final comparison the neural networks allow to model the connections among the ideas in the human mind in a similar manner that a website through all its external and internal links allows to express the particular mental idea-network of its creator.

Quote: I use all forms of technical analysis, but interpret them through gut feel. I do not believe in mathematical systems that always approach markets in the same way. Using myself as the system, I constantly change the input to achieve the same output—profit!, Mark Weinstein in Jack D. Schwager's book Market Wizards .

Note . It should be noted that the quality of your model will always be only as good as the inputs that you give or feed to it (as someone said - Garbage in, garbage out). This is because computers only extend your pattern recognition ability and cannot be relied upon to think up a winning system on their own - if this was false, the markets would have been cornered long ago by the guy with the most powerful computer.

2.3.3. Optimizing the Parameters of the Analysis Tools used to Produce the Signals

Some forex charting packages (e. g. TradeStation ) allow to optimize the parameters of the technical indicators that you use in your forex trading system. Optimization allows to find parameter values of your indicators that result in the highest profit (most frequently used measure of system performance in optimization) from the trading system over the past data. An example of the optimization is looking for the best time-period parameters for a two-moving-averages crossover system. Typically the periods of two moving averages are stepped from 1 to 50 in steps of 1 and the trading results for each of around 250 moving average combinations are recorded and then sorted to find the most profitable combination. Such process of going though all possible parameter combinations is called brute force optimization. As the number of indicators used in your system increases arithmetically the number of potential parameter combinations increases geometrically. The total number of parameter combinations is, therefore, said to be subject to combinatorial explosion. For example, to optimize a system with 5 indicators each of which has 50 different parameter values you would have to cycle through 312 500 000 (50^5) possible parameter combinations. The only way you can expect to quickly solve such huge optimization problems in your lifetime is through the use of generic optimizers (e. g. OptEvolve for the TradeStation or NeuroShell Trader Professional ).

Optimization of the time-period parameter of the cycle-based indicators like Stochastics allows to automatically adjust them to the cycles present in the market instead of using the default time-period values - which is the method originally practiced by the developer of Stochastics.

As a final note, try not to over optimize your indicators because majority of the professional forex traders use default indicator settings. You are looking for trading setups where the smart money will be acting (as opposed to the general investor public) so it doesn't make much practical sense to use indicator settings that hardly any professional forex trader is aware of.

2.3.4. Backtesting and Forwardtesting the System over Historical Price Data.

Backtesting allows to see how your system would have performed if it was run during some period in the past. You optimize indicator parameters using the price data in the backtesting period. It is important that the time period that you backtest your system on is representative of the currency pair that you wish to trade - it should include all types of market conditions (trending, rangebound) and it should be as recent as possible. Once you are comfortable with the performance of your system you forward test it - you run it on the out-of-sample price data (the price data that would be immediate future to the backtesting period). This way you can see if the system is able to perform similarly to the way it did during the backtesting. The closer the system's performance during the forward testing is to its performance during the backtesting the more robust the system and the more confident you can be that it will continue to trade in a similar manner during the real-time trading. You might also wish to trade your system on a forex demo account for some time before beginning to trade it with the real money.

Backtesting helps the trader or investor to determine if they are prepared psychologically for the live trading of a forex trading system. By reviewing the past performance of a system they can decide if the size of the drawdown, the number of the consecutive losses and the average duration of the trades are acceptable for them. In contrast to the mechanical trading systems the discretionary trading systems cannot be backtested because the discretionary traders cannot guarantee that they will react to a similar set of signals in the future in the same manner that they did in the past.

2.4. Implementation of a Forex Trading System.

There are two ways you can implement a forex trading system - either manually or automatically. Discretionary trading systems can only be followed by the manual placing of the trades. Mechanical trading systems are better followed though the use of automation.

If you are following a discretionary trading system you will be typically screening the currency markets for the signals that you have outlined in your checklist. The checklist is the description of the technical or fundamental trading signals that your trading system's rule-set operates on. The checklist can also contain the guidelines on how often you should check your forex charts/forex newswires for the signals (using the economic news calendar provided by the forex newswires as your fundamental signal timing tool); in contrast, the mechanical forex trading systems will be going through their own checklists with every second, 24 hours a day - which no human can possibly do. Having a detailed checklist will help you to be more disciplined in the application of your system. It is best to write your checklist in the form of the questionnaire. You can automate your search for some technical signals with the help of those forex charting packages which allow you to set up the sound or email/SMS alerts to notify you whenever the technical signal of your interest is generated (e. g. in Intellicharts ). The forex bank reports and the forex newswires frequently issue mini reports of technical conditions on the market which most often are simply the filled-in versions of the same checklist.

Manual implementation of the mechanical signals is NOT recommended. Since the signals are generated by the computer you will always feel compelled to double-check them against you own experience - because no computer can model your thinking with 100% accuracy. This can lead to the delays and/or missing of some of the signals which can potentially undermine the system profitability, that rests on the principle of taking each signal precisely at the time it is generated . A lot is being said about the widespread lack of the discipline in taking the signals of the mechanical forex trading systems. This problem can be easily overcome though the use of a reliable signal automation service. You solve all emotional problems associated with the manual trading of the signals by simply automating this process. Elimination of the emotions from the trading through the use of the automated mechanical forex trading systems should explain their popularity among the multi-billion dollar hedge fund industry.

An important aspect of mechanical system trading is the monitoring of its real-time performance. The hidden market dynamics (a particular way of reacting to technical or fundamental signals that an important group of forex market participants shares - or, systematic mass investor impulsiveness ) that your system has captured during the back-testing may be changing or might already have changed at the time you start to trade your system with the real money. The only way you can say that the market dynamics that you are focusing on have changed or not is to compare the real-time and the past system perofrmance. If the system continues to perform like it did during the backtesting then you can conclude that the market dynamics it targets have not yet changed. If you notice significant deviations in such system performance measures like the maximum peak-to-valley drawdown, the average duration of trades, the average value of the profits/losses, the maximum number of consecutive winners/losses, it can signal that an important shift in market dynamics is taking place (e. g. a group of investment banks have modified their trading models). The quickest way to update your system to the changes in market dynamics is available for the neural network packages - which allow to retrain your model over the most recent price history. Retraining a neural network involves readjusting its matrix of weighs which allows it to stay attuned to the current market conditions. If mechanical trading systems suffer form the paradigm shifts on the market - the same can be said of the human mind (discretionary trading systmes) which tends to be very inflexible once a partciluar way of doing things (i. e. trading style) is ingrained in it.

2.5. Mastering System Trading.

To master system trading you should have the patience to wait calmly for the entry or the exit signal from your own forex trading system and act only on them - irregardless of the technical or fundamental conditions that you observe in-between these signals. It is no wonder why the best traders choose to compare themselves to skilful predators when they describe their trading style:

Quote . Top traders love the hunting metaphor to describe what they do. One of them, for example, claims he is like a cheetah. The cheetah can outrun any animal, but it still stalks its prey. It won't attack until it is right on top of its prey. In addition, the cheetah usually waits for a weak or lame animal to get close. Another top trader told me that he trades like a lion. He watches the herd for weeks until something other than his presence causes the herd to panic. When the herd panics, he then chases a weak or lame animal that appears most confused. The difference between an average hunter and a really skilled animal like the swift cheetah or the cunning lion is that the skilled hunter waits until the odds are overwhelmingly in his favor , from The Ten Tasks of Top Trading by Van K. Tharp.

Quote: Much of the time, even professionals don't have a clear picture of what is going on, but they have learned to have the patience to wait for select, specific setups. You must learn to trade on only the most recognizable and reliable patterns

The primary rule of systematic trading is to take each and every trading signal that your system generates. Only by taking all the signals at the time they are generated can you count on replicating the past performance of your system. If you have the slightest suspicion that you will not be able to take all the signals - either due to the timing of the signals or your busy schedule - you should arrange for the signals to be automatically traded.

At the end of the day, a forex trading system just like the money management system serves to protect yourself from your own destructive tendencies which very often mask themselves as the well-meaning hunches and gut responses. This doesn't mean that you shouldn't trust your instincts - only that you should base your trades on them only if you can eliminate emotions from your decisions. This is because a trading system is a method to profit from other traders' emotional instability . therefore, if you do not control your own emotions you will not be able to profit from any system. Removing the emotions from your manual trading can take years (. )- so it can be more practical and profitable to simply autotrade your system.

Even if you start your currency trading career by following a professionally created forex trading system you will receive full satisfaction from the trading - in terms of profit and self-actualization - only if you create and trade a winning system of your own. One of the best books which can help you to start this fascinating journey is Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis by Richard L. Weissman.

Quote: In the meantime, it cannot be emphasized enough that, at the very least, genuine success in trading markets involves the adoption of a trading system. Without the discipline of such a system, the very best efforts are likely to be doomed to failure. Tony Plummer in his book Forecasting Financial Markets: The Psychology of Successful Investing .

There are no certainties in the forex trading. because the future will never be exactly the same as the past. There are only probabilities, which you can systematically put in your favour with the help of a proven forex trading system .

Forex Trading System

FXMoneyMap Exposed. Why it is the Simplest Forex Analysis Software and How You can use the profit patterns.

Forex Trading System

With the FXMoneymap Software you can easily see when the currency pair should be bought and when it should be sold. No one knows where the market is going, however many traders try to predict where the market price will go up to or go down to.

Using Moving averages based on a single timeframe charts may not be reliable.

If MA's don't hold, what can should you rely on?

So if you were relying on the price to hold at the support level shown in example 2 your trade would turn negative. The reason why the price crashed through is because you are looking at a 1 min and there maybe other Supports that are being adhered to in the 5, 15 or 60 min charts. The FXMoneyMap re-presents the traditional forex charts in a unique Grid display format. FXMoneymap does this by slicing the last time slice from multiple time frame chart for that currency pair, for example from the

The Criteria is a 4 Column Support with at least 1x 60 Min MA Green Box (L1 or L2) if not 2x Boxes (L1 & L2), close to a 20 point Gap from between the point at which the price came from and is going from (difference between entry and exit) and a set 10 pip s

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