Is this karen supertrader story legit

Is this karen supertrader story legitIS this Karen Supertrader story legit?

IS this Karen Supertrader story legit?

Joined Oct 2013

Is Karen legit. I certainly believe she is, since I understand the strategy she is using: strangles at around 5%-10% Prob of expiring ITM; in other words, the probability of profit is around 84% (or 1 std deviation).

There are other posts interested in knowing if consistent income can be made in trading. With options, you can achieve consistent income far more easily than trading equities, futures, etc. which are directional trades (and therefore have a prob of profit of 50% at best).

How do I know? Because I am using options (similar to Karen) to make consistent income on a Weekly basis. It can be done.

Best forex trading books

Best forex trading booksBest currency trading books on Amazon. 2015 highest rated, top recommended best sellers Forex trading books to read for beginner to advanced traders.

Amazon:

Best Forex trading book

Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.

Wayne really hits the mark with this book. It's a basic summary of the method he teaches at fxbootcamp. Not only does he cover the technical and fundamental aspects that a successful Forex trader needs to know, but he covers the other all important topics too, like risk analysis, trade plans & journals, trade reviews and having the right mindset to be a successful trader. All with no Fluff!

I found Wayne's book really helped me trade according to MY rules, not the markets rules. This meant that when I trade, it's become a lot of fun again. Now I am trading in one night, profit wise, what I used to trade in one month.

If you want to get a clear sense of what is in this book, have a look at his videos on FXStreet blogs called "2 Hour Video: Strategic & Tactical FOREX Trading". blogs. fxstreet/fxbootcamp/2008/03/12/2-hour-video-strategic-tactical-forex-trading

I recommend this book to anyone who feels there is room to improve in their Forex trading, or is looking for a reliable, simple system to follow. The method outline in Wayne's book won't give you every pip in a market's movements, but it will provide you with a large portion of them, in a conservative manner.

I also recommend this book to new FX Bootcampers, as it will help them come up to speed quickly, with the method Wayne teachers at FX Bootcamp.

In response to Jeff Marsick's review (RE - Good But Poorly Edited), I agree that this book could have done with more editting. In regards to Wayne's MACD settings of 21, 55, 8, this is in fact correct. One of the things with Wayne's method is that he uses a slowed down MACD oscillator to guage MARKET speed (medium term price action) and a sped up Stochastics oscillator to measure PRICE momentum (short term price action). This is covered in the above mentioned webinar video at around 18 minutes into it.

Is afake site is legit and trustworthy

Is afake site is legit and trustworthyIs shawacademy a fake site. Is shawacademy legit and trustworthy ?

For the full detailed trust review on shawacademy >>> Click Here! <<<

How did shawacademy get a Trust Score of 100% ?

When checking shawacademy we looked at many factors, such as the ownership details, location, popularity and other sites relating to reviews, threats, phishing etc. Although a site like may have a high trust rating, it's worth just checking the countries involved as these could indicate that goods would be shipped from abroad rather than your home country.

Thread is forex4noobs legit

Thread is forex4noobs legitIs Forex4Noobs Legit?

Join Date Nov 2011 Posts 2,250

I have been a 'member' of his site for a couple of years - I have never purchased anything from him.

Originally Posted by SlikRick

I haven't actively traded in 1.5 years, but am looking at getting back into it. If I remember correctly, NickB ran the website. However, I checked back today and I saw that there was an Advanced Course that can be purchased. As far as I'm concerned, as soon as someone starts charging money for Forex Classes, it implies that they aren't making enough money through their own trading. However, Forex4Noobs was the most reputable site after BabyPips, if I recall correctly. Any advice appreciated.

Hi Rick, Obviously I cannot answer if forex4noobs is legit as it would be completely bias.

However, I want to explain a few things. I have always sold an advanced course. This is not something new.

I often hear the argument If he makes money trading why would he sell courses. Honestly, that argument is flawed. The bulk of my income comes through Forex trading but like anybody I like to earn extra income. Babypips earns extra income through advertising brokers, as does Forex Factory. I am sure you work a job and want to earn extra income from Forex.

I sell a course to people who want it. I never push people to buy, I never tell them that buying my course is the only way they will succeed. There is nothing wrong with charging a fair price for a good product. The problem is that so many scammers charge ridiculous prices for rubbish!

Anyway Rick I just wanted to say my piece, thanks for being a fan (or former fan) of forex4noobs.

peterma. thanks for your response, it is much appreciated!

Last edited by NickB; 11-15-2012 at 10:44 PM.

Is forex trading legit

Is forex trading legitIs Forex Trading Legit?

Forex trading is a popular way of making quick money today. It involves the trading of currency pairs from around the world. While it is risky, many people claim that they have been able to generate huge profits through forex trading.

Anyone who has not traded in the forex market before may not be convinced that this type of business can offer good returns depending on your skills, knowledge and experience. One of the questions that most people usually ask isis forex trading legit ?”

Some people do not think that it is a legit business. But the fact is that forex trading is very much legitimate . Forex is not a scam, see more. as most people believe it is. But, it is true that there are a number of scams that have been associated with this industry. Scams are very common in forex trading and this is the reason the question of whether or not forex is legit arises. Traders are usually faced with scams and most of the time, these scammers target newbies. Just like other types of businesses, there are always people who are on the look out to take advantage of others.

Here are Some Tips to Recognize Scam Brokers See More .

Pro Tip: Some Binary Options Brokers are much better than the others on the market. Make sure you choose the best and the most beneficial one! Check out why we do not recommend some of the brokers and what are their disadvantages: IQ Option Review. BeeOptions Review and Opteck Review

Forex is legit and it is a real business which can be profitable as well. It is not a scheme where you can get rich overnight, so it is important to stay away from such claims. You can have a profitable legit forex business if you do your research and only choose brokers who have a good reputation within the industry. While it is true that forex trading is not for everyone, it is not a scam, but a legit endeavour.

Which Are The Most Legitimate Forex Brokers?

In the forex industry, many different scams and frauds are committed every now and then. This is the reason, it is important to choose forex brokers carefully. You must always look for forex brokers that are regulated, see the Regulated Brokers Here. and have a good reputation. Stay away from brokers that make claims that are too good to be true. Some of the most legitable forex brokers that you can consider include the following:

AvaTrade is among the most legitable brokers on the internet today. They have an easy to use trading platform and they offer a range of financial instruments to their clients to better their trading skills. Their trading platform is web-based which means you don’t have to download applications. You just need a computer and internet connection and you are ready to trade from anywhere in the world.

Markets

This broker offers a range of trading tools to their clients. They have improved their platform and service since their inception and today they have a large number of clients who make money online trading forex and other assets. Their platform is powered by Mt4 and the number of benefits they offer to their clients make them one of the most legit brokers.

Gallant Capital Markets

Founded in 2008 , Gallant Capital Markets is one of the most popular brokers today. In the currency exchange market, they are considered as one of a kind because of the range of features, tools and extras they offer to their clients. Their website is easy to use and offers a fun experience. They have lifted limits on withdrawals. Overall, Gallant Capital Markets has a reputation of being client friendly and 100% legit.

Is binary trading legal in the usa

Is binary trading legal in the usaIs Binary Trading Legal In The USA?

With binary options trading only recently, in the later half of 2012 and into 2015 just coming fully into the spotlight, a lot of traders are at a bit of a loss where regulations and legalities are concerned. Especially in the USA where regulations and laws are constantly changing. There are two main aspects to this issue. Legalities concerning the binary trading brokers and legalities concerning the actual binary option traders. IE, you, most likely.

Updated 10/20/2015

It’s not illegal for you (US citizens) to trade binary options . If you’re in the US you are going to have a smaller but quality selection of legit binary brokers to trade with.

It’s simply that since the loving US government have labeled binary options trading akin to a new form of gambling, you will to have a more difficult time finding a broker that will accept you if you’re a US citizen. You can trade at nadex, MarketsWorld and BossCapital. If you’re located anywhere else in the world, other than the USA. then you won’t have as much of a challenge. So have a look at various binary options platforms, and check if they accept US traders first. Then test out their features and read reviews of broker reputations before you decide which broker to invest your money with.

Legit Legal USA Binary Options Trading Sites

Tag currency trader magazines

Tag currency trader magazinesTag: currency trader magazines

Complete Currency Trade Software Free Download

The actual free of charge complete currency trader software download provided is really a really clever expert demonstration that, for those who have a few many years understanding e-commerce, you might find difficult in order to trust.

Click Here to Download A NEW Trading Tool and Strategy For FREE

Buying and selling isnt just regarding buying and selling. Its a company industry exactly where additional items could be offered after you have perfected the fundamentals: Instruction Training as well as Handled Company accounts. Wayne is definitely an just about all rounder, a business owner which is actually shown within their theories and also the method he or she methods the topic. When the free of charge program is actually any kind of sign, We picture their compensated program is actually outstanding.

Forex trading legit

Forex trading legitDisclaimer and Risk Warning. Please read.

Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.

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Lex van dam

Lex van damLex Van Dam

Personally I think he's legit, he worked for GS, I don't see any reason for him to lie.

Probably his way of being a philanthropist, bill gates stylee only for traders

Yes, I don't doubt his ability to trade - he's clearly very smart. But I just don't think a guy with his talents should be offering a course so cheap. I know I wouldn't.

I would attend but would just go there with an open mind - don't expect him to reveal his secrets of success for 250 pounds.

I know what you mean.

Anything else is a bonus at 250 beer tokens

That way you are more likely to be pleasantly surprised rather than disappointed.

Category florida

Category floridaWest Palm Beach Home Builders FL 5

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Breakout theory

Breakout theoryBreakout Traders Made a Killing in The Last 5 Years

Since the world ended in 2008 breakout traders have been making a some serious change. All the money is made at the beginning of the bull cycle. The trick is not to predict what will happen, but stick to a plan that keeps your losses to a minimum. The rest is automatic. Some traders were […]

Video. Million Dollar Traders Full Documentary

Whats it like being a hedge fund trader? Those interested in trading stocks, here is a full documentary. Discover the secret world of hedge funds. Watch Million Dollar Traders and learn. The experiment takes people from all walks of life. An economics student, home maker, MMA Fighter, and a retired military officer. Their mission: to manage […]

3 Legit Breakout Trading Systems That Every Trader Should Know

Youre probably thinking where Breakout Theory Trading System came from. Its actually a combination of different trading systems. Theyve been proven to work, and have been profitable for many. Theres no hype or up-sell, so read on. Links are provided to verify that the information here are 100% legit. No need to spend thousands of […]

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4 Rules. To Avoid Failed Breakouts

The truth is, most traders dont trade breakouts. Many try and fail because of failed breakouts. Youll hear it many times amongst many traders that BREAKOUTS TEND TO FAIL OFTEN. While this may be true across all stocks traded in the markets, this is not true for stocks that meet the conditions below. So the […]

Real estate one,johnstone-johnstone and max broock

Real estate one,johnstone-johnstone and max broockSouthfield Real Estate Information

Community Information

Southfield, Michigan, is a 26-square mile city near the southeast end of Wayne County. Its neighbors are many and include the Oakland County cities of Berkley and Franklin; its main Wayne County neighbor is Redford. Southfield also surrounds Lathrup Village. The self-proclaimed “Center of It All,” Southfield has easy access to most major Detroit-area expressways and offers both a cosmopolitan, culturally diverse residential population and a thriving international business community.

Thanks to its location in the “south fields” of nearby Bloomfield Township, Southfield was first organized in 1830 and was formally incorporated as a city in 1958. Before it was technically a city, Southfield grew thanks to its strong network of roads; state roads M-10, M-24, and M-39 all run into and out of Southfield; Interstate 696, which came later, now bisects the community.

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Southfields not all business. About 70,000 people call the city home, and they live in one of the various subdivisions that make up the city. Due to Southfields age, and early popularity as a bedroom community, many of the houses are 50s and 60s style ranches and colonials in attractive, quiet, tree-lined neighborhoods. Various 4- and 5-bedroom homes are scattered throughout the city, though many of the structures are of the 3-bedroom, 2-bathroom variety.

Southfield Public Schools “offers a robust college prep curriculum, integrated with exceptional programs and enrichment activities, to help cultivate each students unique abilities.” The district backs up its mission by boasting that four students have been honored as Gates Millennium Scholars, that students can earn college and high school credits within the system, and that almost half of high schoolers take at least one AP course. At least 80% of the districts teachers have a masters degree or higher. Classes in Mandarin are offered. Outside of the school district, Southfield is home to eight colleges, including Lawrence Technological University, a branch of Oakland Community College, and the Specs Howard School of Media Arts.

Featuring 774 acres of park land (including 33 acres of nature preserve) and more than 30 miles of biking, hiking, and nature trails, getting active in Southfield is easy. Take advantage of the ballfields, tennis courts, basketball courts, sand volleyball courts, and picnic shelters. The Beech Woods Wellness Center is a complete workout facility and is next to a 9-hole golf course and driving range. Through the Parks and Recreation department, the city offers fitness classes, indoor tennis, pilates, and swimming lessons.

Market Statistics

There are 242 homes for sale in Southfield, Michigan.

2highly profitable forex news trading strategies that matter

2highly profitable forex news trading strategies that matter2 Highly Profitable Forex News Trading Strategies that Matter

8 Comments

17955 Views

In my previous post, we identified the Forex news reports that are trade worthy. Knowing what the tradable news items are is one thing, but knowing how to trade these news releases is another.

With this at the back of our minds, I would like to share with you two highly profitable Forex news strategies that I have used with great success over several years. Both are highly profitable and can be mastered in a short time.

Forex News Trading Strategy 1 – John Wayne

Let’s say you want to trade the next Retail Sales reports and plan to use EURUSD for the trade. Forecast is for a 0.2% increase in retail sales. It is the usual practice to use triggers for the trade. Triggers have to have enough deviation from the consensus numbers to match the required volatility that would make the news item worth trading. For the retails sales, a trigger number of 0.1% is sufficient.

It is essential to know your trigger numbers before the actual numbers are released. This helps you decide faster if the news release is tradable or not.

Step by step:

Get the forecast numbers and the trigger numbers on the buy and sell side. If you don’t know where to get them, download FxPulse. It’s free and displays the forecast all needed numbers directly on your chart.

Write both numbers down.

When the news comes out, place your trade immediately if your trigger numbers allow you to do so. Personally I use the 20% rule.

Shortly before the news comes out (30-40 seconds) open the order window and set max deviation to five Pips. Sure, slippage is an unwanted side effect from news trading but as the market moves fast during news releases, it is something we need to live with.

If you are doing it right, your news trades will look like on the screenshot below:

Although it sounds very easy (Like taking a candy from a little child. BTWthat’s something you should not do) it will take some practice to master the “John Wayne” news trading strategy.

When you just start with it, use a demo account, and once you feel ready for “lice action” use small lot size for the first 10-15 news trades.

Forex News Trading Strategy 2 – Straddle Trading

The straddle trading strategy is just as the name suggests; you are placing two pending orders (Sell Stop and Buy Stop) on both sides of the divide, effectively straddling the market price. The buy order should be placed 20-25 pips above the actual price, the sell order 20-25 pips below. If your broker supports one cancels the other (OCO) orders, please use this type of order for the straddle trade.

When the actual number from the news comes out, one order will be executed while the other order will be canceled. The straddle strategy works well in most cases.

The problem usually arises with the timing of the placement of the orders. There have been cases when extreme volatility caused choppy price swings to trigger both trades. As such, the Forex straddle strategy is not recommended for high impact volatile news releases like the NFP.

Step by step:

1) Shortly before the news is released, place a Buy Stop and Sell Stop orders (OCO if supported by your broker) 20-25 pips away from the market price. SL for the buy order should be the price from the sell order and visa verse.

2) When the news is released and the market starts to moves in one direction you have not much to do. Just close the other pending order manually and enjoy the ride and make sure you get the most profit out from the trade.

Tip: There are several expert advisors available what places trades automatically before the news comes out. Commercial and free versions. If you are interested in a straddle Expert Advisor, I recommend to stay away from the commercial versions. They are basically nothing else then copies from free versions you can find in several Forex forums.

If it really this easy to trade the news, why do many traders fail at it?

The main issue is that currency traders need to understand that different news items respond in different ways, and as a trader, you will have to understand how and why this happens, then practice and do your homework.

Trade the news only with a broker what offers STP or DMA, be disciplined and don’t expect to become a professional news trader within a few days. Don’t be greedy and start with small lot sizes (0.01 or 0.10). You can go a step further by getting your news in real time using FX Pulse, which is just perfect for news trading and 100% free. You can download FX Pulse here .

Happy News Trading!

P. S.: Some comments please!

Using moving averages in asystematic trading strategy

Using moving averages in asystematic trading strategyUsing Moving Averages in a Systematic Trading Strategy

by Wayne A. Thorp, CFA

Wayne Thorp recently spoke at the 2015 AAII Investor Conference. For information on how to subscribe to recordings of the presentations, go to aaii/conferenceaudio for more details.

In the August issue of the AAII Journal, I covered one of the more basic technical indicators: moving averages, including how you could construct simple, weighted, and exponential moving averages, as well as some practical applications.

This article moves a step forward and examines how you can use moving averages as part of a systematic trading strategy. First, it will look at one - and two-line moving average systems and how you can use them to generate buy and sell signals, and then, it will touch upon system optimization and how traders use it to improve the profitability of a trading system.

one-line moving average systems

Although this technique is not as popular as using multiple moving averages, it will allow you to understand the concepts behind such systems without being confused by several moving averages.

When you view a single moving average in unison with a price chart, buy signals are generated when the price rises above the moving average. In a broad context, the movement of the price above a moving average is considered a bullish signal. Similarly, when the price falls below the moving average line, a sell or sell-short signal is generated. In this case, the price falling below the moving average is viewed as being bearish. Keep in mind too that the longer the time period you use to construct the moving average, the more significant the signal is.

Figure 1 illustrates a one-line moving average trading system. Here you see the price behavior of AFLAC between October 1998 and June 1999. The up and down arrows on the chart indicate where the price broke above or below the 50-day simple moving average. The up arrows indicate buy signals while the down arrows denote sell signals. Using strictly long positions—buying when the price rises above the 50-day moving average and selling when the price falls below the moving average—the three round-trip trades (buy and sell) would have yielded a total gain of over 57%. Be aware that this figure excludes commissions and does not take into account slippage. Also, it is important to point out that all of these examples assume that trades are entered and exited at the point when the moving average is “violated.” This does not mean that a trade could have been placed at that price—an issue that can have a significant impact on the return of a trade and the system as a whole.

While the AFLAC example shows that a single moving average system can be profitable, using a single moving average does have its pitfalls—whipsaws. A whipsaw occurs when a signal is generated (typically a buy), only to have the price make a sudden reversal (to the downside). By the time a sell signal is generated, the transaction results in a loss. Figure 2 illustrates a whipsaw. Here we have a price chart for Indiana Energy from April until May 1999 as well as a 50-day simple moving average. On April 12, the price broke above the moving average at $19.968 and closed at $20.75. Over a week later, on April 20, the price fell below the moving average at $19.826 and closed at $19.687. If you had followed the buy signal when the price rose above the moving average and sold when the price fell below the moving average, this trade would have resulted in a slight loss (excluding commissions, slippage, etc.). If commissions were included, the percentage loss would have been even more.

If you trade over a longer time period, whipsaws could have a noticeable impact on your profits. There are ways to safeguard yourself—such as lengthening the time period over which you calculate the moving average. In doing so, the average becomes less responsive to sudden price movements and will help eliminate whipsaws. While such tactics tend to lower the occurrence of “bad” trades, you also tend to lower the profits gleaned from “good” trades. If you lengthen the time period of the moving average, the average will react more slowly to price changes. As a result, you will be entering trades at a later time, thus perhaps missing some of the upward movement. Furthermore, you will tend to exit trades later and may sacrifice some of your gains. These are some of the trade-offs one faces when optimizing any trading system.

two-line systems

By adding additional moving averages to a trading system, you lower the risk of whipsaws or other false trading signals. When using multiple moving averages, buy and sell signals are generated at points called “crossovers”—points where two averages cross one another. The concept is similar to that used with one-line moving average systems, but with multiple averages you are watching for the lines to cross one another rather than the actual price.

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