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FOREX:How you and me can trade USD/CHF Pair for profit pips gain in the Forex trading market.
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FOREX:How you and me can trade USD/CHF pair for profit pips in the Forex trading Market.
by following the factors that sends USD/CHF higher,you are guaranteed of making profit pips from the pair.
1.POLITICAL INSTABILITY:Switzerland is a save haven of stability and neutrality.when the markets sense geopolitical instability tension,capital tends to move into Switzerland.US negative developments favor this pair.
2GLOBAL EVENTS:The Forex market is so vast and has so many participants that no single entity,not even a central Bank can control the market price for an extended period of time.As for USD/CHF,global events(positive/negative) and higher or lower price of Gold will create opportunities in this pair.
3.TRADING HOUR:USD?CHF is most active during European open hours through tr early US trading session(7AM-10AM EST)you will made profit pips if you Target this trading hours.
4.MONETARY POLICY:a trader in the Forex market involves selling or buying one currency against the other.Because,interest rate in Switzerland is low,many investors are entering USD/CHF as a carry trade,making the pair extremely sensitive to any changes in the interest rate outlook for either the US or Switzerland.
http://www.profitline66.zulutrade.com
How To Use Trend Lines To Make Money In Forex.
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How To Use Trend lines To Make Money In Forex.
Trend lines is one of the tools you and me can employ as a technical analyst for a successful Forex Trading.Trend lines are constructed by connecting the newest swing high to the most recent swing high.Same applies for lows.In a nutshell,the basic method is that an uptrend line is drawn along the bottom of easily identifiable support areas(valleys).In a downtrend,the trend line is drawn along the top of easily identifiable resistance areas(peaks).To get it right,locate 2 major tops or bottoms and connect them.
HOW TO TRADE TREND LINES FOR PROFIT IN THE FOREX TRADING MARKET.
1.Enter a trade when a trend line is convincingly penetrated.
2.Set up your stop on the other side of the trend line.This is the best trading strategy.
3.Remember that it takes at least 2 tops/bottoms to draw a valid trend line but it takes three to confirm a trendline.Avoid drawing trend lines by forcing them to fit the market.It will back fire.
http://www.profitline66.blogspot.com
http://www.howtotradethestockmarket.blogspot.com
FOREX TRADING SIGNAL:Pivot Points Trading System Reviewed.
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stephenadebiyi |
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FOREX TRADING SIGNAL:Pivot Points Trading System Reviewed.
Traders and market makers have used pivot points to determine critical support and or resistance levels.it is used to identify points of entry and also used by trend traders and breakout traders to spot the key level that need to be broken for a move to qualify as a breakout.You can also read more on Pivots trading system on one of the earlier post on this blogs.
WHAT IS THE SIGNIFICANCE OF MARKET OPENS TO PIVOT TRADING SYSTEM.
One of the key points you and me must understand as a trader when trading pivot points in the Forex market is that breaks tends to occur amid one of the market opens.The reason for this is the immediate influx of traders entering the market at the same time.I have found out that during quieter time periods such as between the US close and the Asian open and even through the Asian session,which is the quietest trading session,price may remained configured for hours between the pivot level and either the support or resistance levels.This provide the perfect environment for you and me.
In this case,I found out that the best strategy to adopt in using pivot points is to look for prices to obey the pivot level therefore validating the level as a solid support or resistance zone.In this type of strategy,you are looking to see the price break the pivot level,reverse and then trend back towards the pivot level.If the price proceeds to drive through the pivot point,this is an indication that the pivot level is not very strong and is therefore less useful as a trading signal.However,if prices hesitate around that level or validate it,then the pivot level is much more significant and suggests that the move lower is an actual break,which indicates that there may be a continuation move.
http://www.profitline66.blogspot.com
http://www.googleadsense-profits.blogspot.com
http://www.onlinestocktradingmagazine.blogspot.com
http://www.howtotradethestockmarket.blogspot.com
FOREX TRADING MARKET:TIPS ON HOW TO BUILD A GOOD AND LASTING PROFITS IN THE FOREX TRADING MARKET.
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FOREX TRADING MARKET:TIPS ON HOW TO BUILD GOOD AND LASTING PROFITS
IN THE FOREX TRADING MARKET.
YOU NEED TRAINING:Build yourself up with a good training program.A good Forex trading program must be able to cover Risk/Portfolio management ,trading system,Psychology of trading,interpretation of Technical and fundamental indicators for trading and decision making among other things.
TRADING SYSTEM:What gives you profit in the course of your trading is your best trading system.But,to build a good and lasting profits,you use a profitable trading system.A good trading system must be the one that helps you identify trends as early as possible.There are many indicators there that help to identify and confirm trends.Develop one or buy a reliable software that do this.
TRADING PLAN:Developing a trading plan is like setting up an achievable goals.Plan to trade and trade to plan.
MONEY MANAGEMENTS TIP:Do not trade more than 20% of your account equity.
Do not increase your lot size until you have withdrawn your initial capital and grown it back.
Avoid over trading.
http://www.bigukinvest.net
FOREX STRASTEGIES:HOW YOU MAKE MONEY IN FOREX.
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FOREX STRATEGIES:HOW YOU MAKE MONEY IN FOREX
Just with your Laptop and Internet access you can make as much as $1,000,000 in the Forex trading market.
In the forex market, you buy or sell currencies.
Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
Example:
Trader's Action EUR USD
You purchase 10,000 euros at the EUR/USD exchange rate of 1.1800 +10,000 -11,800*
Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500 -10,000 +12,500**
You earn a profit of $700 0 +700
*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500
An exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.
How to Read a Forex Quote
Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:
GBP/USD quote
The first listed currency to the left of the slash ("/") is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).
When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.51258 U.S. dollars to buy 1 British pound.
When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.51258 U.S. dollars when you sell 1 British pound.
The base currency is the "basis" for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, "buy EUR, sell USD."
You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency. You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.
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Long/Short
First, you should determine whether you want to buy or sell.
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader's talk, this is called "going long" or taking a "long position." Just remember: long = buy.
If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price. This is called "going short" or taking a "short position". Just remember: short = sell.
Long dog, short dog
"I'm long AND short."
Bid/Ask
EUR/USD quote
"How come I keep getting quoted with two prices?"
All forex quotes are quoted with two prices: the bid and ask. For the most part, the bid is lower than the ask price.
The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market.
The ask is the price at which your broker will sell the base currency in exchange for the quote currency. This means the ask price is the best available price at which you will buy from the market. Another word for ask is the offer price.
The difference between the bid and the ask price is popularly known as the spread.
On the EUR/USD quote above, the bid price is 1.34568 and the ask price is 1.34588. Look at how this broker makes it so easy for you to trade away your money.
If you want to sell EUR, you click "Sell" and you will sell euros at 1.34568. If you want to buy EUR, you click "Buy" and you will buy euros at 1.34588.
Now let's take a look at some samples.
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While you are logged into your account,
you can save your progress in the School of Pipsology!
How you made your money depends on your time.Be trade conscious.
In the forex market, you buy or sell currencies.
Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.
Example:
Trader's Action EUR USD
You purchase 10,000 euros at the EUR/USD exchange rate of 1.1800 +10,000 -11,800*
Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500 -10,000 +12,500**
You earn a profit of $700 0 +700
*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500
An exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.
How to Read a Forex Quote
Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:
GBP/USD quote
The first listed currency to the left of the slash ("/") is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).
When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.51258 U.S. dollars to buy 1 British pound.
When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.51258 U.S. dollars when you sell 1 British pound.
The base currency is the "basis" for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, "buy EUR, sell USD."
You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency. You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.
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Long/Short
First, you should determine whether you want to buy or sell.
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader's talk, this is called "going long" or taking a "long position." Just remember: long = buy.
If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price. This is called "going short" or taking a "short position". Just remember: short = sell.
Long dog, short dog
"I'm long AND short."
Bid/Ask
EUR/USD quote
"How come I keep getting quoted with two prices?"
All forex quotes are quoted with two prices: the bid and ask. For the most part, the bid is lower than the ask price.
The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market.
The ask is the price at which your broker will sell the base currency in exchange for the quote currency. This means the ask price is the best available price at which you will buy from the market. Another word for ask is the offer price.
The difference between the bid and the ask price is popularly known as the spread.
On the EUR/USD quote above, the bid price is 1.34568 and the ask price is 1.34588. Look at how this broker makes it so easy for you to trade away your money.
If you want to sell EUR, you click "Sell" and you will sell euros at 1.34568. If you want to buy EUR, you click "Buy" and you will buy euros at 1.34588.
How you make money depends on the strategies you adopted.
How to use pivot points to profit in the Forex trading market.
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stephenadebiyi |
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How to use pivot point to profit in the Forex trading market
Pivot points trading system in Forex trading is a new way of generating profit pips in the Forex trading market..Pivot points as a trading system is good because it is predictive.You as a trader is able to use the information of the previous day high,low and close to generates 7 points.i.e 3 supports,3 resistance levels and the actual pivot points.
Trading system.
1.If the market opens above pivot point,then go for long trades as long as price remains above the pivot point.
2.If the market opens below the pivot point then go for short trades as long as the market remains below the pivot point.
3.The general idea behind trading pivot point is to look for a reversal or break of R1 or S1.By the time the market reaches R2,R3 or S2 the market WILL ALREADY BE OVER BOUGHT or oversold and these levels should be use for exits rather than entries.
How to calculate the points.
1.Pivot point=High+previous close+previous low/3
2.Resistance 1= 2*Pivot point - previous low
3.Support 1=2*pivot point-previous high
4.resistance 2=pivot+(R1-S1)
5.Support 2=Pivot-(R1-S1)
6.support 3=Low-2*(High-Pivot point)
7.Resistance 3 =High + 2*(pivot-Low)
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Forex trading platform:How the choice of your trading platform can influence your success in the Forex trading market.
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stephenadebiyi |
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Forex trading platform:How the choice of your trading platform can influence your success in the Forex trading market.
There are thousands of Forex brokers yet you need to choose a broker that is registered with the regulatory body.It is no good if you discover that your brokerage firm is unregistered,after they have stolen all your money.
Brokers that offers online trading facilities(that allows you to view Forex quotes in real time).Brokers that offers 24hr telephone and email support would serve you best.
Brokers that offers trading pairs in all seven major currencies:USD,EUR,JPY,GBP,CHF,CAD and AUD.More importantly you need to discover how your brokers calculate rollover charges.Rollover charges are charged to your account when your trade extends(roll over)past the end of the trading day into the next trading day.
To maximize profit in trading,choose a broker that allows you to trade Forex and Binary options/bonds from one single account.Do your broker offers free bonus?my recommended brokers simply does this.Check them out.
Go for brokers that offers the smallest bid/ask spreads.The bid/ask spreads is normally 5pips but some brokers offer spreads of only 3pips or even 2pips.Choose rightly.
http://www.cofxpartners.com
http://www.24partners.com
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