All You Need To Know About Trading Currency Pair

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 rea...

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. B ut believe it or not, you can make all your trade 100% accurate and profitable . Here's How.  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.  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 h...

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. 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.  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 kin...

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.

Forex Trading Strategy for $1 Today, Forex brokers are allowing the forex traders to deposit and open a real trading account for only One US Dollar. Sounds real crazy but it is really possible to trade forex with $1 (One US dollar) account, not only technically but it is also psychologically possible. The only requirement to trade $1 is Patience. Since the amount was very low, we cannot expect for high profit.  Forex Trading Strategy Plan for $1 US Dollar Account Open a real cents account - This will turn your $1 to $100 dollar equivalent value Trade 0.1 lot size one at a time - Do not open another position as long as the previous was not yet close. Opening 1 position at a time will allow for 1000pips movement.  Target realistic goal - Take profit can be set at 10pips a day, but if you enter a trade on an extremely over sold or over bought area, you can target for 50 to 100 pips a day. Plan the use of stoploss - If you ope...

Mt5 Forum is a paid to post forex forums sponsored by Instaforex . There are lots of traders already join Mt5 Forex Community, and each day they have a newly registered  members .

Forex Trading Without Stoploss If you are new to forex and you do not want to use stoploss, congratulations because you are a normal person! It's really hard to accept stoploss at the start, because stoploss is a sureloss. It has been debated many times by different traders, whether to use stoploss or not. The only advantages of using a stoploss is it will prevent your account from further loss that could result to a margin call if not wiping out your whole account. But what if, when the stoploss was hit and the market started to go back to your direction? For sure, you will regret closing the position. To trade without using a stoploss, we should enter the lowest posible lot for trade, so that when the market goes back to its direction after giving too much volatility, our entered position are still there.  If you have these qualities you can trade without using a stoploss Not Greedy - entering a lowest possible lot will give few profits, but it will also give smal...

Fundamental Forex Traders always look for high impact news to enter their trades in forex. This is because trading with the news gives a spike or sudden movement on currency pair for more than 30pips in just a matter of minutes after the news release.  The strategy   This can be as simple as waiting for the result of the release, and when the news is bullish we can target for 30pips and put the trailing stop to adjust the stoploss automatically, and when it is bearish we can sell the pair for 30pips target. Stoploss is important on news trading especially when our trade was not in the direction of major trend because most of the time, after the high impact news was released, the original direction of the market continue. Some of High Impact News are the following Interest rate decision Non Farm Payrolls Retail Sales Inflation Employment and Unemployment rate Industrial Production Business sentiment surveys Consumer confidence surveys Trade Balance Ma...

This is a strategy that allows us to predict the future price movements. It is a forex trading strategy that is almost 100% profitable when mastered. Because it is highly accurate, Stoploss is not really recommended. After several practice of this strategy, you can tell to yourself that you have found the holy grail.

There are too much trading strategies on the internet and one of the oldest is trading with the gap. Forex traders are looking for complicated strategies that they forget an old strategy that gives 90% successful chance for the past decade. Trading with the gap is a very easy strategy with a very simple rules. Because we know that we should not fight the market, and we should follow the trend, then we should follow the market reaction during the opening of forex after weekends. Let us know, what does the traders do when they see a gap? 

Every traders are looking for secrets to be successful in trading. Many of newbie traders are asking if the successful traders are really willing to share their secrets. In every field of successful person, they have a common denominator and that is Patience.  Why is it essential to be patient during our trading activity? Because the loosing traders does not want to wait for a good trades , they want to make money as much as they can, and what happened was the opposite, they loose their hard earned money.

With too much number of forex brokers now available online, we can choose a broker that could help us start on forex. We can even choose a broker that would be compatible with our trading style. There are few important points that we should consider on choosing a broker. Currency Pair - We should check if the currency pair we like to trade was available to our target broker especially when we are not trading the major currency pairs. While some have few currencies, others even have so many pairs.

Trading without a use of any indicator was use to described a trading system that was based on a price action. Most often traders were just using the chart to look for an entry and exit points, Without any other indicators. There are some who are using trendlines or channels to identify if the trend was changing or not. Some traders can even identify where the trend was heading by simply looking at the chart. Its a skill acquired after so many practice.

Because of advertisements on the internet, I became curious what forex is all about. Immediately I open a demo account to try if the ads were true that I can increase my money. After doing some trades on forex, I was so happy because from $50,000 I have made it to $60,000 in one day. I felt really excited and at the same time I feel some regrets, I even ask myself, what would it be if that account was true? I cannot sleep overnight because I was thinking that forex can make me a millioner. 

We often think that there's no free on this world, and when we receive something free it brings happiness to ourselves. I wish I can put smiles to those forex traders who are struggling to make profit in forex trading. You can now trade for free, no risk involved. Who offers this Forex No Deposit Required ? Forex Brokers who want to attract new customers. We can see that nowadays Forex No Deposit Required were not only offered by new brokers, even those famous brokers are still offering different kinds of bonuses to ride on the market. New customers will only sign up for new account and the broker will give different amount, ranging from as little as 5$ up to $200 no deposit required bonuses .

It is widely known that in order for us to trade safely, we should have large capital to sustain the volatility in the market, Forex brokers are offering $50,000 virtual money on demo account, this is due to the fact that they know small account will easily blown by newbie traders who doesn't have idea on forex trading. Whereas if a trader use a bigger capital that will allow to trade 1 lot ($100,000) with a value of $1 per pip movement ( smallest decimal place on currency value), it will take many consecutive mistakes before he will blown the account.

Are you tired of loosing your own money while learning how to trade profitably on forex?  Good news to all newbies because forex brokers are starting to provide bonuses that can be use for trading in exchange of posting their experience and opinions regarding forex.  Every post  will give you  0.2$ , post will be as simple as like this in the picture