Struggling to find a good forex broker? Discover a foolproof automated forex system which comes with a highly recommended broker to guarantee you serious profits. As we know instaforex is one of great forex broker in asia and europe, after my experience almost 5 years, so i had decided trading forex only with instaforex, because instaforex spreads is fix start from 3 pips in major pairs and 30% instaforex bonus that we can request after we have made some deposit.
If you are in the forex trading business, you’re probably familiar with the word forex scalping and of course you need best forex broker to get all done with good. Yes, it is one method you can try if you want to take many small profits and build up big profit consistently over time with low risk for sure. You surely need a help of broker to do this. Because the broker is “the man in charge” that determines the possibility and profitability of a scalping strategy for all traders. One thing that scalpers need to notice is that they need to be aware of broker’s attitude and preferences. An honest broker is important because an inefficient broker will lead you into a disaster. Read more »
Leading or lagging economics news or economics indicators is very important to predict the way of market trend. And of course this method still has to be filtered with technically strategy to calculate entry point from key level of support resistance on four hour or daily timeframe. Most economists talk about where the economy is headed – it’s what they do. But in case you haven’t noticed, many of their predictions are wrong. For example, Ben Bernanke (head of the Federal Reserve) made a prediction in 2007 that the United States was not headed into a recession. He further claimed that the stock and housing markets would be as strong as ever. As we know now, he was wrong. Read more »
Yes FBS forex broker provides this interesting offering for all traders that with only start as a little five dollars we can trades on ecn broker. With NO Commission + NO Swap + Pips start from 0.6pips and flexible deposit and withdrawal options and the most is safety, this made FBS forex broker got many rewards The Best Forex Broker In Asia until now.
Trading with FBS forex broker have many benefit, one of the benefit is small spread and using 5 digit pricing behind decimal and bonus until 50% on each deposit made. Beside we can get rebate 2.2pips if we register on their IB program. Read more »
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Hotforex regulated by FSC & CySEC. Hotforex have many trading platforms. As a standard trading platform is metatrader 4.0 and the others trading platform that hotforex provides are MT4 on Mac, HotForex WebTrader, Smartphone Mobile Trading, HotForex iPhone Trader, HotForex iPad Trader, HotForex Droid, Blackberry Trader. Many advantages if we trade on this “aged” forex broker, because they have many features like hotforex pamm, high laverage up to 1:1000 and hotforex spread as low 0.6pip on eurusd spread. Read more »
I think every trader should back to basic again on reading and understanding about candlestick basics or candlestick patterns. So, with this candlestick basics knowledge we can more understanding about reading the market movement and how strong seller or buyer. This is one of my favorite e-book that can bright your knowledge about real market movement. We can learn and practice by reading the candlestick pattern only, my suggestion read on at least four hour time frame and usually i trade with this candlestick strategy on four hour, daily and monthly time frame. And if price reached doji or pinbar from monthly time frame usually i take a extreme lot which on this level price usually bounce and this level is very accurate in scalping and moreover sometime make reversal so we can get more pips. Read more »
Once again, i’ve found a good forex broker for traders who want to testing their forex ea or forex robot. Yes, this roboforex allows all kind forex ea, no time limitation, scalping, hedging or even averaging. Roboforex provide real money if you won on demo contest.
There’s no hidden fee to take your prize winning contest. Roboforex provides trading platform for android too for mobile traders. Test their metatrader which demo condition and real condition is the same. Roboforex still using popular mt4 as their trading platform. Read more »
Definition Of Support Resistance
The beauty of support and resistance lies in its simplicity. Its validity has been tested over and over again throughout history and remains one of the most widely used analysis tool of all time. It works because it is based on simple crowd psychology. And as much as we don’t like to admit it, we are basically the same irrational creatures we were a few hundred years ago.
If you could predict where the market is heading, you would be a millionaire. Unfortunately, no one has developed an indicator that will predict the future. Many indicators have been created that will give you a probable direction of the market, and among them, the concept of support and resistance has risen to the top of the pile. Read more »
Just want to share about the best of the best of forex vps or called as virtual private server. Maybe if you want a champion forex vps level for your reference you can use my top recommendation of forex vps hosting that i used until now. Read more »
Hedging is actually a common term used in business and financial business world. Hedging is also something that is usually done by the forex traders. It’s not something highly classified or confidential. To understand about forex hedging easily, you can relate it with buying insurance. If we buy insurance to cover accident, hedging in forex trading is used to cover the amount of losses that might be sustained by someone. Hedging is commonly practiced by many trading foreign exchange. It is something they can do to protect themselves from losing their profits.
How To Trade With Supply And Demand Zones
As we know supply demand forex trading strategy in one best of the best trading technique. But how read confirmation level of break supply demand zones to made a decision on every trade that we made. Basically supply demand is the heart of forex or any others instrument in market economy, since exchange of services and goods for a economic value.Supply demand level is little bit different with support resistance level. Supply demand has at least two lines zones that covered this level. This two lines which have small distance area that is call with supply or demand zone that we can entry on this level. This all explanation details is in e-book that you can download on this last page of this article. Read more »
Parabolic SAR is a technical indicator developed by an analyst named Welles Wilder (Creator of the relative strength index). SAR is shown as a series of dots placed / located above or below the price.
From a position above / below is used by traders to generate transaction signals depending on where the position of those points.
Dot placed under a price considered a bullish signal.
Conversely, points located above illustrates the price that bears are in control and that the momentum is likely to remain downward.
As we know that many kinds of indicators in forex trading, which draw from the parabolic SAR is located on the ease of use (easily seen) from the above brief description by no means a simple look ..
In addition, this indicator has another feature that is in the show during the reversal (end) of a trend.
In the picture below shows how parabolic SAR to help give the trend reversal signal. When a new point appears above the mean trend of next is bearish (down), to be sure wait until form 3 points above.
And in the next example, Read more »
As a intraday forex traders, to get one of the simple method in getting accurate forex trading signals is calculating support resistance based previous high low method so we can get a pivot level. That all representative by pivot calculator so we can get accurate prize for entry signal. But all this support resistance more effective if we combined this support resistance levels with economics indicators value. Read more »
The average directional index, or ADX for short, is another example of an oscillator. It fluctuates from 0 to 100, with readings below 20 indicating a weak trend and readings above 50 signaling a strong trend.
Unlike the stochastic, ADX doesn’t determine whether the trend is bullish or bearish. Rather, it merely measures the strength of the current trend. Because of that, ADX is typically used to identify whether the market is ranging or starting a new trend.
Average Directional Index Trading Setups
Take a look at these neat charts we’ve pulled up:
In this first example, ADX lingered below 20 from late September until early December. As you can see from the chart, EUR/CHF was stuck inside a range during that time. Beginning in January though, ADX started to climb above 50, signaling that a strong trend could be waiting in the wings. Read more »
Trading the forex market using a mini account is a great way to get you started in forex trading. Forex trading is a business for everyone. It offers a great chance for everyone to have their own business with the less risk. It helps people to stay away from debt because of business loan. If you are interested to start this business, it’s better for you to start it with the forex mini account. Many forex broker offer it with small deposit. It makes forex trading becomes a more affordable business for everyone. You only need to spend $100 but recommended is $1000 to open a mini account and you can get high laverage with 1:500 and the most important is you will get benefit open minimum lot with 0.01lot and for one pip is equivalent to 0.1 dollars. Right after it, you are ready to start trading currencies. This mini account sizes $10,000. Isn’t that great?
The benefit of mini account is not only that. You will also get a smaller value of one price point or pip. It is only $1 for the pairs with US dollar as a base currency. If you have mini account, Read more »
As we all know Elliot Wave is one of accurate analysis if we know to read each wave with the right value, here sample exercise below how to using elliot wave theory with the right method.
At one moment you are faced with a pattern that seems to have emerged wave 1 and wave 2, until here the pattern that has been confirmed correct wave is a wave pattern is characterized by the emergence of the correction wave (wave 2).
But wait, is this true wave 2?, it is still too early to make sure that this is a wave 2. For that some things which can be used as an additional consideration is:
* The nature of wave 2 is not likely to fall below the initial wave 1.
* Usually the wave 2 and 4, will bounce at the 50% Fibonacci level (retracement).
So now we draw Fibonacci lines along the wave 1. And look at the picture below, that the price has moved to a new level Fibo retrace 50%, so around that price is a prediction / signal which will be forwarded to the wave pattern 3, meaning it’s time to get ready to buy.
If you open a position, certainly the beginning of wave 1 position, is a realistic value to be used as a Stop Loss. Why? Read more »
Consumer Price Index for Australia during the first quarter rose faster than expected today, starting a day with many important data releases, including UK GDP, the US FOMC Rate Decision and RBNZ Rate Decision. Higher than surveyed CPI drove the AUDUSD to new record, passing the 1.0850 mark for the first time.
Higher CPI was expected as the year-over-year Producer Price Index for the first quarter, a preliminary indicator of the prices passed onto consumers rose to 2.9% during the quarter, versus a prior 2.7% and an expected 2.7%.
The Australian Dollar reached a new record high against its American counterpart immediately after the announcement, passing the critical barrier of 1.0850. However after the release, the AUDUSD has retraced some of its gains on profit taking, although at the time of writing the Aussie dollar appears to be trending higher again. Read more »
Intermarket analysis can be accurate above 90% if we calculated all variable. This technique is very wealth. Popular single-market technical analysis indicators such as moving averages and chart pattern formations are lagging indicators which look retrospectively at an individual market’s past data in an effort to identify reoccurring patterns which can then be extrapolated into the future. This type of analysis really boils down to looking at where the market has been, and trying to guess where it is going.
Since the objective of technical analysis is trend identification and forecasting, it would stand to reason that this goal could best be achieved by working with leading indicators that anticipate changes
in trend direction. Read more »
Foreign exchange trading shares the same characteristics as other trading. The only thing to differ the forex trading from other trading is its very dynamic and complicated market. If other trading lets us play with product to get money, the foreign exchange trading needs us to play with money to get money. Actually there is no secret in forex trading. The true is forex trading secret is candlestick reversal patterns and combined with support resistance based high low it self. So we need to know exactly which dominant area based these range from high 1 and high 2 so it called resistance and low 1 and low 2 so it called support area.
The complexity and the policy of the market demand a great understanding from us. There are some keys to make our strategies work well. There also formulas created by experts. There are appropriate clues that some people name them secrets. To know all the miscellaneous we should get our self educated. We could get a short course of forex trading. We could also get any available online forex trading course. The course would lead us to make our first step and the following steps into the world of foreign exchange. Read more »