10 November. No currencies traded today
I m feeling a bit confused today. From my previous experience - I have not to trade this day. Very confusing situation for me when I m not able to get in a trade. Wanna enter GBP short but no confidence... Look at Aug, 08, 2006, never know who what where it goes! The point here is: no more trades this week! Updated totals for November: As showed on An attack to my Forex Loser reputation 5 GBP USD trade Closed 57 62 pips profit for the first one decade.
Learn secrets of the most successful Fibonacci traders
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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.
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?
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!
How to Trade with Elliott Waves
What should you know to make Elliott Waves work for you? Robert Prechter from Elliott Wave International suggests the following: The key to Elliott Wave patterns is that the market goes three steps forward for every two steps back. If you do not get scared by the two steps back, and if you are not euphorically confident after the third step forward, you re light years ahead of the pack. Click on this link to learn more about Elliott Waves and see an example of a trade that was made by using this powerful concept.
How To Become A Successful Forex Trader
What are the four ingredients in the recipe for forex trading success? Ovidiu Garvasuc explains that in his article The 4 Wheels That Take A Forex Trader To Success. According to Ovidiu, the most important requirements in order to be a succesful forex trader is not the knowledge of complicated technical indicators and proficiency at using them. Much more important are certain character traits, such as: will discipine self-control honesty The most important piece of advice from Ovidiu - don t argue with the market...
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
Trading Forex For Free
You can trade the forex markets for fre e and using the same state-of-the-art software packages that professional forex traders are using to make real-time, live currency trades. How? You don t put any real money into your account, but you won t see any difference in how the market behaves and how you react to the market. All you need is to start demo-trading forex market. You ll be able experience the dynamic market action and go through the same process of making decisions based on breaking news, reacting to charting patterns, and tracking ones performance the same way professional forex traders do.
