In my trading experience the following two are two of the most valuable techniques that works 90% of the time.
1) Trend line reversals
2) Trend line breakouts.
The above two techniques work very good and I am able to draw the trend lines correctly. But one problem I am facing is when the price reaches the trend [...]
As most you know one of the most profitable way to trade forex is using divergence. But you may not know what is hidden divergence. (I also don’t know what it is until I read this small ebook).
Today I got an email from some one and that email referred me to go to a site [...]
I have been trading with FXCM for almost 2 years and recently I got an email from them saying they are offering virtual private server for free. If you don’t know what is virtual private server I will give you a little introduction here.
A virtual private server is another computer which is hosted remotely, which [...]
Few days back I have bought the forex megadroid expert advisor. Recently they sent me an email about a forex system that I can get for free. It is called “The Robin Hood Mechanical Forex System”. This is a free forex system and you also can get it at “http://www.robinhood-fx.com/”. The author of this forex [...]
If you observe the currency pairs EURUSD and USDCHF you can clearly see that they both go in opposite directions at any point of time. I don’t know exactly what’s the reason behind this but they go in opposite directions.
For example if EURUSD goes up USDCHF goes down. If EURUSD goes down USDCHF goes up. [...]
Here is the second part of the 10-point guide to finding the best FOREX broker. This part covers point 6 to 10. For points 1 to 5, please read the first part.
6. Is Your Broker a Member of any Regulatory Body?
The broker is the man who will serve as a link between you and the market; he is the one that provides you with leverage so that you can control large sums with smaller amounts of money. Therefore, finding a good broker and setting up a brokerage account are vital steps. Here is a ten-point guide that will be of immense value in helping you find the best broker.
1. What is the Minimum Investment Requirement?
If you are reading this article, you are also probably looking for some good FOREX trading training course. Before you proceed any further, ask yourself why you want to trade in the FOREX market. Yes, it is a profitable business. But, it is risky like no other business is. When there are several ways in the world to make money, why FOREX?
As a trader or a prospective trader, you must be able to answer what makes FOREX trading better than any other business including trading in the stock market.
Liquidity
Currency trading the Canadian dollar is special. A lot of traders trade with CAD due to some of its interesting features. In order to find out if trading CAD is suitable for you, you must understand these features.
The main exports of some countries are raw materials. This includes Canada whose main export is oil. Certain countries also export raw materials such as valuable stones or metals. For example, the main export of Australia is gold. The currencies of the countries that mainly export raw materials are commodity currencies.
Some FOREX traders use hedging to protect themselves from unexpected negative price movements. When used wisely, hedging can protect traders trading on a currency pair for a long time from price falls. Sounds like insurance? Hedging is similar to insurance, but a lot more complicated.
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