How to Use Fibonacci Numbers for Huge Trading Profits
Fibonacci numbers have received considerable interest from many traders because of their uncanny accuracy in spotting market turning points in advance. They can be used as a predictive tool and to enhance the analysis of the market, thus helping you to increase profits and decrease risk. Click this link to learn more about Fibonacci numbers and Fibonacci levels and how you too can use them in trading currencies. Stan Technorati tags: forex, forex trading, Fibonacci levels del.icio.us
How to avoid making psychological mistakes while currency trading
Amelie Gam is an Internet writer for Forex Trading Plus. She just wrote an interesting article on psychological aspect of currency trading. According to Amelie, a trader exposes himself herself to the higher risk of loss when he or she : - doesn t control human emotions; - acts upon fear or hope without basing own feelings on real facts; - exploits other people s human emotions people who are constant in their mistakes can not gain success and earn money;
TRADING: A MIND GAME
TRADING: A MIND GAME Must change my mental attitude first from a normal person to that of a speculator. Almost all traders simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95 of traders are a failure in the long run.
Forex PsYchology: Straight from the heart
Forex PsYchology: Straight from the heart... Straight from the heart Trading is a battle against human survival instinct. It takes a long time to have a person s brain rewire to the point where trying to survive doesn t override what that person does during the middle of it when the heat gets turned up. Everyone loses accounts their first year no matter how well they were consistently doing demo trading because when emotions start happening it literally stops a person from being able to press the button out of pure fear.
Forex Brokers: Forex.com aka gain capital group
Forex Brokers: Forex.com aka gain capital group :... First experience in FX was with them. Absolutely horrid platform. Of dealing desk brokers, hard to get any worse, only ACM lies with them at the bottom of the barrel. Their rollover policies royally suck and they have all the disadvantages of a dealing desk broker with none of the advantages... A novice looking for a broker will look firs for a reliable brokers not testing at least 4-5-6-more brokers.
One trade closed tonight. Another one Euro short just opened
Previous position update... .. .Stops moved trailing by hand : SL to 1.2835 TP - 1.2747 Stop lose hit point in point. That trade closed. ---------------------------------------------- New trade entered here: 11 16 2006 6:18:49 AM Sell EURO USD 1.281 SL to 1.2836 TP - 1.2747 ---------------------------------------------- What i m doing this month as a veritable forex loser trader: The old adage You have to have money to make money is true. Without the necessary starting capital, i used taking too great risk in the past for too little reward.
Asian Snap: China revives the reserve currency debate and pushes for more Forex diversification - NFP s and ECB rate decision loom.
G10 Advancers and Decliners vs USD JPY -0.263 EUR -0.431 CHF -0.591 GBP -0.934 Vice foreign minister He Yafei said yesterday that he wasn t aware that China had asked the issue of a global reserve currency to be on the agenda for next week s G8 summit. This saw the dollar drop, sending the EURUSD to a high of 1.4201. Despite the consternation at the minister s misinformation his comments on the need for a more stable and potentially non-sovereign global reserve currency...
Fibonacci Numbers and the Golden Ratio - 3 Tips for Greater Trading Profits
By Stephen Todd In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that can help increase your profit potential. Support and resistance levels are an important consideration for most traders to help identify entry and exit points when trading. Fibonacci percentage retracement levels based upon the Fibonacci number sequence and golden ratio are very popular with many traders but what are they exactly?
Pivot Points in Forex: Mapping Your Time Frame
Raul Lopez wrote a great article on using pivot points in forex trading. Pivot point indicates the sentiment of traders and investors at any given moment and gives a general idea of where the market is heading during the day. It is a level at which the sentiment of traders and investors changes from bull to bear or vice versa. Pivot points are very popular among both individual traders, investors, banks and institutional traders because they are considered to be an important measure of strength and weakness of any market.
How to avoid typical pitfalls and start making more money in your forex trading
Fiorenzo Fontana, a trader and analyst at UBS wrote a very interesting article containing a lot of tips on how to avoid typical pitfalls and start making more money in forex trading. All of his tips are very interesting and useful. Some of the less known are as follows: Trade pairs, not currencies Don t place very tight orders Use reasonable stop losses Increase your leverage in line with your experience and success Don t trade during off peak hours The best time to trade is when news is released If you place a trade and it s not working out for you, get out Trade in the direction the price is going Learn the business before you trade - possibly the most important tip!
