FOREX REVIEWS

There is an old saying in business: "Fail to plan and you plan to fail." - Benjamin_Franklin. It may sound glib, but those who are serious about being successful, including traders, should follow these eight words as if they were written in stone. Ask any trader who makes money on a consistent basis and they will tell you, "You have two choices: you can either methodically follow a written plan, or fail." If you have a written trading or investment plan, congratulations! You are in the minority. While it is still no absolute guarantee of success, you have eliminated one major roadblock. If your plan uses flawed techniques or lacks preparation, your success won't come immediately, but at least you are in a position to chart and modify your course. By documenting the process, you learn what works and how to avoid repeating costly mistakes. Whether or not you have a plan now, here are some ideas to help with the process. Disaster Avoidance 101 Trading is a business...

If you are already an experienced forex trader, are you using the correct combinations of technical indicators to help you profit consistently in the forex market? If you are still not sure, we'll  If you are already an experienced forex trader, are you using the correct combinations of technical indicators to help you profit consistently in the forex market? If you are still not sure, we'll discuss the following 4 different types of forex technical indicators below: 1. Trend Indicators - Also known as Directional Indicators. I have always reminded my students, 'Trend is your best friend and always trade in the direction of a trend'. A forex trend may be quite subjective to different traders as they may have different views on trendiness. So those trend indicators out there in the forex market can help traders detect the starting and ending of a trend. Some of the more popular trend following indicators includes MACD (Moving Average Convergence Divergence), MA (M...

Chart Simple Moving Average To Your Currency Trading Program Why My Chart Simple Moving Average To Your Currency Trading Program Is Better Than Yours Chart simple moving average to your currency trading program. Technical chart trading is very popular among experienced trading where they use it to determine the support and resistance and the trend of the stock or currency. When combine with a number indicator and different time period, will yield very positive results in trading. Simple Moving Average This is one of the most frequently used indicator for charting any time frame. Simple moving average or SMA is actually adding up the total no. of currency price and divide by the total no. currency time frame. For example 10 SMA meaning 10 time frame of the selected chart, add all the 10 currency price together, then divide by 10 to get the average, thus we call it simple moving average. All the weight age of the last 10 time frame are equal.  9, 18, 50 and 200 Continuous SMA will sh...

When you enter the Forex trading business, you need to be prepared that it will not be cakewalk. It calls for a lot of planning and decision making. Without the proper Forex trading strategy, you will find it difficult to make much headway. Before stepping into the Forex trading market, you need to have a certain strategies in mind. A well thought out Forex trading strategy can be your key to success. It can also keep you on the safer side and help to minimize your losses. Implement a Proper Trading Plan and Don’t Trade Beyond Your Means It is very important to have a trading plan and when dealing in Forex trading. Once you have a plan, let nothing deter you from it. Remember, there is no place for emotions in trading. Following your emotions blindly is a sure shot recipe to disaster. Whenever you trade, it should be in a cool and calm frame of mind. A very good Forex trading strategy is that you should only speculate with money that you can afford to lose. Not to say, that you want to...