Archive for the ‘Free Forex Tips’ Category
THV System risk disclaimer by cobraforex
This is the typical newbie career, I and most others have done so (At least in parts) and many others will do so in the future. I never blew an account because I filled it on time, lol.
The beginner time
Starting with a demo and buying when price goes up and selling when it’s going down. Everything fine that’s the way to do it, having monopoly money profit and opening a live account. I will be a Forex millionaire and I’m ready to make that pips.
The indicator time
Chart full of indicators, poor space left for some more. Peeing in the pants while taking a trade and immediately saying: Why the hell I took it? First chance to get out with only some pips lost, than the trend changes and would have made 150 pips if stayed with the trade. Changing indicators hourly because didn’t work. Being occupied with all that fancy colored indis and forgot several times to setup Stop loss and blow the first live account – blaming all system developer and indicator coders.
The signal service threads
Filling the account again and now doing it complete different, lurking in the threads for some secure calls => blowing that account again and blaming the damn traders that showed up with bad trades.
The EA time
I’m failing constantly because I didn’t follow the rules of my system, let a shitty machine do it for me, that thing has no fear and greed.
Buying in Ebay dozens of EA’s and blowing that account again – but faster.
The start up again or give up time
Staying out for a month or so but after stop crying, missing that FX feeling – but how to start again?
Remembering that some guys in the threads said that you should read and all that stuff, ok lets give it a last try. After half a year studying – starting up on a clean candlestick or bar chart with one or two indicators, drawing trend lines Horizontal lines, setting fibs after bigger moves, respecting pivot levels, psych levels etc. and VOILA that works, in all that books was reading also about money management and start to risk only 1 or 2% a trade. Hallelujah now a new successful trader is born.
Isn’t it like that?
So my question, why not stepping direct to the last part of that history instead of passing that painful first, second, third and fourth time?
Now, for whom is THV?
Right, for the guys those are in the last stage of our trader’s carrier. You need to know the basics and if you still don’t know them, only trade Demo until you fully understand what you are doing.
Good night to everybody
Download link will be posted soon. 
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How to Make Money Trading Forex Online Fast
There is no other market like Forex. The Forex market offers a trader an almost endless opportunity to make money online trading Forex. Open 24 hours a day, 6 days a week and offering a wide variety of currency pairs to suit your trading style, Forex is perhaps the best market to make money from. No matter if you swing trade, scalp, day trade or hedge, there is money to be made. Two of the most profitable trading styles are swing trading and scalping.
Scalping offers a trader the chance to make money by quickly opening and closing trades at lightning speed. Their profits are gleamed from the small movements in price and a trader being quick enough and fast enough to get in and out and seize the opportunity and money before the market moves back. While extremely risky, scalping offers enormous profits for those traders bold enough to challenge the market.
Swing trading, while a lot slower than scalping, offers traders the chance to profit from the enormous swings or movements in price that many currency pairs experience. Open usually for several days at a time, swing trading is the favourite of large corporate traders and banks. Their profits are gained from timing correct entry points when a currency pair retraces before it continues on with its move.
There is no other market like Forex. The speed and excitement a trader feels is matched only by the enormous potential to make money while trading Forex. No other market offers such opportunity as trading Forex online.
Article Source: http://EzineArticles.com/?expert=Jolon_Warren
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Best Forex Indicators – 2 Popular Indicators and Fatal Mistakes Most Traders Make
Many traders like to use pivot points and moving averages but make fatal mistakes and don’t use them correctly, which ensures the indicators which can help their profitability actually causes them losses.
If you are using these indicators or thinking of using them, then learn now to use them correctly.
Here are some tips that will help you use these indicators correctly.
1. Don’t use them on meaningless data
More traders than ever are day trading and their losing.
The reason why is simple the time frame is to short and all volatility in daily periods is random and therefore NO technical indicator will give you any advantage, pivot points, moving averages, or any other indicator can help you make profits.
Ever seen a day trading vendor who has real time track record of profits?
You won’t!
Because it doesn’t work, volatility can and does, go anywhere in a day and traders lose – it’s as simple as that.
2. You can’t time entries with them!
Moving averages define the longer term trend; pivot points indicate points of rotation by definition, so they are telling you where prices may find support or resistance – nothing more.
Many traders like to simply wait for prices to reach the levels and enter their trades and then hope prices turn in the direction they anticipating, but if you rely on “hope” you will lose.
Never trade on “hope” trade with the odds in your favour.
This means when prices move towards the price levels you are looking at, you need to get the odds in your favour and that means combining them with momentum indicators to time your trading signals with the risk to reward I your favour.
You need evidence that price momentum is indicating the levels will hold.
If for example, prices move to support and price momentum turns up, you have the odds in your favour that support will hold and you can execute your trading signals.
Good momentum indicators are ones such as, the stochastic and Relative Strength Index (RSI) and if used with pivot points or moving averages, you have a powerful combination.
It’s all about combining indicators for profit – no indicator works on its own, so you need indicators that complement each other.
THE Biggest Mistake any Trader Can Make. is to try and “predict” market direction. Most day traders do this as standard and most people who use pivot points and moving averages, who try and execute trading signals with them are doing the same.
You can’t predict turning points so don’t try – act on confirmation and you will increase your odds of success dramatically.
Keep in mind trading is an odds game not a game of guessing, hoping or predicting – if you remember that and use it to your advantage you can avoid a fatal mistake most forex traders make.
Article Source: http://EzineArticles.com/?expert=Kelly_Price
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