- Dual And Multiple Exchange Rates
- The Euro/Swiss Franc Relationship
- Bond Spreads: A Leading Indicator For Forex
- Commodity Prices And Currency Movements
- Global Trade And The Currency Market
- Forex Leverage: A Double-Edged Sword
- Seasonality In The Forex Market
Saturday, April 11, 2009
Theory to trade
strategies and ideas under development
That's probably that missing link we needed for our website - a page with ideas and strategies under development!
While making a complete well balanced trading system always challenging for any trader either for a beginner or a pro, almost all of us have some bright ideas about specific parts of Forex trading routine: good entries, ideal exits, excellent stops etc.On behalf of our Team I'd like to welcome you to join our discussion area where we are going to look at new trading ideas and innovative approaches, make notes and conduct testing, and, of course, share trading strategies that are still under development.Should I add that I'm truly excited about this new opportunity, because I also have my not-so-old-not-so-new notebook, where I carefully wrote down interesting ideas which sparked in my mind over the time.
While making a complete well balanced trading system always challenging for any trader either for a beginner or a pro, almost all of us have some bright ideas about specific parts of Forex trading routine: good entries, ideal exits, excellent stops etc.On behalf of our Team I'd like to welcome you to join our discussion area where we are going to look at new trading ideas and innovative approaches, make notes and conduct testing, and, of course, share trading strategies that are still under development.Should I add that I'm truly excited about this new opportunity, because I also have my not-so-old-not-so-new notebook, where I carefully wrote down interesting ideas which sparked in my mind over the time.
Sunday, April 5, 2009
Risk
If you are taking risk, you need to control it - risk as much as 10% per trade, but increase your chances of success by:
1. Buying options at or in the money, to give you staying power - and prevent yourself from getting stopped out.
Many traders lose, not because they were wrong in market direction - they just were stopped out by a volatile counter move - and options will give you staying power.
2. Many traders start trailing their stops to close, they then get stopped out ' but the trade runs on to make spectacular gains. Don't fall into this trap - keep your stop in its original position - until the move is well in profit, before moving it up.
You're looking to make money fast, and you're trading selectively - so have the guts to go for a trade when it looks good - and milk it for all it's worth.
1. Buying options at or in the money, to give you staying power - and prevent yourself from getting stopped out.
Many traders lose, not because they were wrong in market direction - they just were stopped out by a volatile counter move - and options will give you staying power.
2. Many traders start trailing their stops to close, they then get stopped out ' but the trade runs on to make spectacular gains. Don't fall into this trap - keep your stop in its original position - until the move is well in profit, before moving it up.
You're looking to make money fast, and you're trading selectively - so have the guts to go for a trade when it looks good - and milk it for all it's worth.
Thursday, March 26, 2009
1. Accept Volatility and Risk Cheerfully
All good FOREX trading systems incorporate volatility.
You can't have a profitable FOREX trading method without taking calculated risks, and taking losses - if you can't accept risk, then don't trade.
Many traders back away from a market because it's too risky - however, risk also means reward! If you are a trader who doesn't like volatility, then go and find something else to do, because trading can be risky.
Drawdowns are part of trading; it's volatile markets that make FOREX trading fun and highly profitable.
To the well-informed FOREX trader, a drawdown is not something to fear, but something to enjoy.
Remember: volatility = big opportunity!
2. Trade Infrequently
Many traders trade frequently and always like to be in the market. They think that in FOREX trading if they are not in the market, they will miss a move, or that by trading more frequently, they will make money - wrong!
The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.
Focus on the trades that make the really big gains
3. Don't Diversify
Diversification is an accepted wisdom, believed by most investors in Forex trading, but it won't make you money fast, - it will do the exact opposite.
4. Money Management
So far, you may think that we are being a little rash, but this is not the case.
We are focusing on the BIG opportunities that allow us to make meaningful gains, and this is actually, where money management becomes so important.
5. Understand the Power of Compound Growth
IN FOREX trading the way to make money fast, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.
All good FOREX trading systems incorporate volatility.
You can't have a profitable FOREX trading method without taking calculated risks, and taking losses - if you can't accept risk, then don't trade.
Many traders back away from a market because it's too risky - however, risk also means reward! If you are a trader who doesn't like volatility, then go and find something else to do, because trading can be risky.
Drawdowns are part of trading; it's volatile markets that make FOREX trading fun and highly profitable.
To the well-informed FOREX trader, a drawdown is not something to fear, but something to enjoy.
Remember: volatility = big opportunity!
2. Trade Infrequently
Many traders trade frequently and always like to be in the market. They think that in FOREX trading if they are not in the market, they will miss a move, or that by trading more frequently, they will make money - wrong!
The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.
Focus on the trades that make the really big gains
3. Don't Diversify
Diversification is an accepted wisdom, believed by most investors in Forex trading, but it won't make you money fast, - it will do the exact opposite.
4. Money Management
So far, you may think that we are being a little rash, but this is not the case.
We are focusing on the BIG opportunities that allow us to make meaningful gains, and this is actually, where money management becomes so important.
5. Understand the Power of Compound Growth
IN FOREX trading the way to make money fast, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.
Trading of Forex 24 hour
Welcome to the home of 24 hour forex trading
New 24X7 Forex Market Trading website featuring 24 hour stock trading 24-hour daytrading and 24-hours webtrading covering the U.S. and International stock market, forex currencies & futures traders!
Forex Trading - Five Tips to Make Money Fast!
This article is all about FOREX trading to make you rich - and we're going to give some alternatives to conventional investment wisdom. Why' - Because most traders in FOREX follow the norm and make average gains - while this article is about making spectacular gains from FOREX Trading and making money fast!
The Aim
Here we are going to assume you know how to trade, and you have a methodology for FOREX trading you are happy with, and can apply with discipline.
What we are going to show you here, is how to change your system from making average gains, to making spectacular gains, with simple changes in trade selection, money management, and mind set.
FOREX trading offers the opportunity to make money fast - so lets examine how it can be done.
New 24X7 Forex Market Trading website featuring 24 hour stock trading 24-hour daytrading and 24-hours webtrading covering the U.S. and International stock market, forex currencies & futures traders!
Forex Trading - Five Tips to Make Money Fast!
This article is all about FOREX trading to make you rich - and we're going to give some alternatives to conventional investment wisdom. Why' - Because most traders in FOREX follow the norm and make average gains - while this article is about making spectacular gains from FOREX Trading and making money fast!
The Aim
Here we are going to assume you know how to trade, and you have a methodology for FOREX trading you are happy with, and can apply with discipline.
What we are going to show you here, is how to change your system from making average gains, to making spectacular gains, with simple changes in trade selection, money management, and mind set.
FOREX trading offers the opportunity to make money fast - so lets examine how it can be done.
Thursday, March 19, 2009
HOW TO READ FOREX
- Forex Price Charts, what DO they mean and HOW to use them?
- Important numerous facts as discipline, trading rules, not being greedy etc., but one of the most important things is:
- LEARN to read the charts as Charts represent the lifeblood of the market.
Friday, February 27, 2009
I compared my Operations Manual with the Table of Contents of this template, and it is nearly complete. But I am very interested in the Chapter "Application Interfaces".
In this case we recommend our product
The part two, the Documentation Template for Application Interfaces is identically with this chapter in our template for an IT Operations Manual.
"Application Interface Checklist"The part two, the Documentation Template for Application Interfaces is identically with this chapter in our template for an IT Operations Manual.
My Systems are running stable even without Operating Manuals, and my staff members do know those systems in and out.
- An Operations Manual is a mandatory Requirement in all Auditing Standards!
- More and more laws and regulations require mandatory external audits. For the case that none of such laws or regulations apply (not yet) to you, there are several more reasons why you really should have a comprehensive operations manual:
- It is good practice to have an Operating Manual. We intentionally don't use "best practice", because an Operations Manual you should already have on a maturity level of "good practice", long time before you achieve "best practice"! And latests after something very unpleasant happened, the investigators will ask for the operating manual.
- An voluntary audit (if successful) can reduce your Insurance costs!
- Each Quality Standard requires an unambiguous assignment of all duties direct to persons or via roles. But this requires that all tasks are detailed listed.
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