Wednesday, November 6, 2013

AUDUSD The Best Ever Currency Pair to Trade

Most of the newbie traders like to trade EURUSD because of the very low spread. But for me, I really love AUDUSD. I pick this currency pair by accident when I was new because my previous broker listed the currency pair in alphabetical order. 

I tried a lot of currency pair to trade when I was new in Forex using a demo account and AUDUSD really caught my attention. It has a high spread, usually times 3 of EURUSD unless the forex broker has a fixed spread.

I have been trading this pair for more than 3 years now and I really love it. It has a consistent pattern. If you look at the graph and history of this pair you'll know what I mean. A secret that nobody tells you.

They said each currency pair have their own movements or behaviour and I believe that because after more than 3 years of trading this pair, I know when to buy or sell my position.

What's your favorite pair to trade? If you are new to forex, I will suggest you to study AUDUSD and know its behaviour.

Monday, April 15, 2013

Forex Striker: The First USA Patented FX Robot

One-time payment of $147
Cancel Anytime. Full 60-day Guarantee

For those who wants to try and are looking for a reliable Forex Robot, you really have to check this out!

It has been registered with the United States Copyright Office, first time ever in the history!

This forex robot generates an average of 9214% every year and it has been doing that for the past 7 year straight in a real account.

So if you invest $500 it can turn into over $46,000 after a year.

Forex Striker has 60 days money back guarantee. You can try and trade for 2 months and if you are not pleased with the result, you can ask for 100% refund.

On an average, Forex Striker won 8 consecutive trades but do you know that the most trades consecutively won were 40? This FX bot is extremely easy to use. Even if you are newbie, or you have tried other robot, you can surely understand how to use this.

You can also use this Robot with any FX broker you want. Have you tried LiteForex? They are offering 30% Deposit Bonus.

Wednesday, April 10, 2013

Is Forex Trading Really Profitable

Forex trading is really profitable if you are well equipped with knowledge and experience.

Sad but true, most of the newbies lost their entire account in trading. Some in just a matter of minutes while some after several weeks. Do you know why? Because they are not knowledgeable and they are not experienced traders.

Forex should not be of any kind of gambling. After we put our trade we should expect for a favorable return.

If you are just starting to trade forex I would like to share these two forex courses I found to be really profitable. Both of these have 60 days money back guarantee.

This is the cheapest one I know that will surely help you get started. It has over 140 videos and books with easy step by step instructions. Do you want to give it a try? You'll not have anything to lose. Click Here!

Another one, this cost too much but still very cheap if you do not want to lose several hundreds or thousands of dollars in Forex trading. 

Have you heard of Forex Striker
Its the first legitimately patented Robot in the USA. It generates consistent passive profits for 7 years even during recession or worst economic situation.

Wednesday, March 21, 2012

How to trade forex using Hedging Strategy

Forex Hedging Strategy
Before I knew that it was hedging, I was already using it. I use it to protect my account from further loss, but aside from protecting your account from additional loss, you can maximize your profits by using hedging strategy.
What is Hedging? It is opening a buy and sell position at the same time with same lot volume. Sounds fantastic and great trading idea because wherever the market goes, up or down, you have a trading position that will be on profit, and when the position goes on the opposite you will profit again to the other position. But to many who uses hedging position at the first time, This result them to too much floating loss position, and when get out of control, they face margin call.
When to use Hedging Strategy? Most of the traders doesn't know when to use the hedging properly, though they have a good idea because the currency pair are moving in harmonic waves and the price keep on coming back to a certain price, they would really benefit from hedging. But the primary purpose of hedging is to protect the account, profit is only second to it. 
  1. We should use hedging to protect the account from further loss,its like freezing the account. If the market suddenly changes, hedge the position and analyze the market situation, assess if we have to use hedging or close the loosing position early instead of waiting for several years without assurance of good profit.
  2. Hedging can also be use when we think that the price will going to reverse and comes back to our first position, we can use hedging instead of stop loss. 
  3. The best time to use hedging for profit is when the price has reach its peak like highest high, or lowest low, because most of the time it will reverse.
How to properly use hedging strategy? Before entering hedging, we should analyze first the market. Example, the price of AUDUSD reach 1.0400 after buying position of 1.0500, you already loose 100pips, if you think that the price will go lower, its better to hedge the position by selling same lot volume at 1.0400, so that when the price reach even as low as 1.0000, your loss was not increasing and when the price going up again to 1.0300, you may close your selling position at a small profit before it goes back to 1.0400. 
Contrary to common perception about Hedging, it is not recommended for everyone, it should only be used by traders who have several years of experience in trading their chosen currency pair because Hedging will only cause confusion to newbie and starting traders.

Wednesday, March 14, 2012

How to make your trade in forex 100% accurate

Forex 100% Accurate Trade
Everybody was looking for 100% accurate trade in forex trading however till this date there is no software or robot or any person that can enter a trade and will give him 100% accuracy automatically. The main reason was due to volatility in market. But believe it or not, you can make all your trade 100% accurate and profitable.

Here's How. 
  1. When you enter the trade do not expect that you are always 100% right, that's the key secret. To be able to be successful in forex you have to potect your account in all times. Stoploss is not the best way to protect your account, but the right volume or lot size of trade that you will enter. 
  2. Trade with small lot size. How many times did you observe that your first entry of trade during the day was wrong? Did you observe the moment that when you enter buy, the market reverses the direction and is going to the side of seller? What would happen to your account if on your first trade during that day you give the highest possible lot size that you can trade? Sure thing you will wipe your account. To have a 100% profitable trade, enter small lot size, and when the market move against you, wait for another 100 pips and enter again small lot size.
  3. Budget your account balance, if you have 10,000 cents account  (also equals to $100)  and is using 4 digit broker divide it by 1000, this is to protect your account from 1000pips movement. 10,000 divided by 1000 is equals to 10. This also means that you can be wrong up to 10 times in a row when you enter a trade of 1 lot size and smaller.
  4. Be patient to wait for your profit. Market moves in waves or harmonic motion. Its going up and its going down. You have to be patient or else, you may loose all your account balance due to consecutive numbers of using stop loss.
  5. Follow the long term trend. Check the Weekly or Monthly Chart, you will notice there if the currency was going up or down. Unless there will be a recession, you should expect for at least 3000pips downward movement. But if there's none, only news and hearsay, do not trade opposite the long term trend.

Monday, March 12, 2012

Top 3 Best Things To Do Everyday Before Trading Forex

Trading in forex is not gambling, Before we enter a trade we must have a reason why we enter buy or sell for our trade. Don't trade without a reason if you don't want to think of a reason why the market always goes against you.

Here is the list for the most important things that we should check daily before deciding to trade forex.

  1. Daily Chart - Looking on a daily chart will give us a hint what was happening on the currency pair we choose. Check if the pair was near support and resistance so we can trade accordingly, Buy at support and sell on resistance. Check also on the daily chart if there is a big chance of breakout or reversal of current trend so we will not be trapped and we will avoid big sudden loss. 
  2. Economic News Release - Everyday for 24 hours a day, News only vary on its impact from low, medium to high. Being updated to the news release schedule, we can avoid or take the chance to ride the waves and volatility of market. It is very important to know what kind of news are going to release in few hours specially for the scalpers that are entering big lot of trade and few pips target. High Impact news are very risky for scalpers due to too much volatility that can cause sudden increase or decrease of price. We should also be aware of high impact news release for 3 days ahead because sometimes the market sentiment prevails before the news was release, moreover, when we expect for big movements at the time of news release we are already too late to ride the market. 
  3. Plan your Trade and Trade your Plan - Make a plan before trading, decide on how much you can take to risk. What would be the entry and exit. The time frame that you will be using and most of all, be firm to follow the rules, if you set a rule that one trade at a time or a maximum of two trades at a time, follow it, don't let your emotions overcome you because emotional traders will find it hard to become successful in forex trading.

Thursday, March 8, 2012

What is US Nonfarm Payrolls

Forex Trading Non Farm Payrolls
The nonfarm payrolls released by the US Labor Department represents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in nonfarm payrolls can be too much volatile. A high reading is seen as positive or bullish for the USD, while a low reading is seen as negative or bearish. It is schedule every first Friday of the month.
Related Posts Plugin for WordPress, Blogger...