Watch live online stock trading strategies Dec 7 Part 1
It seems that everywhere you turn in this day and age there is someone who is trying to convince you that they have solved the puzzle of effective forex, commodities or stock market trading. While in the vast majority of these instances, a good measurable degree of doubt is highly advised in some cases there may be some merit to their claims. The fact remains, that international currencies do have relevant factors that are considered in determining their values. What those factors are, how they can be determined and most importantly when they are determined is key to formulating an effective and reliable forex strategy.
Timing is of the Essence
Timing is everything in formulating a forex strategy. This is because, if you have a clear view of the direction that any one currency is going to take, it must be seen at least a day before the predicted movement. While this may seem obvious, the fact remains that the further back from a currencies movement that accurate predictions can be reliably, made the greater the potential for greater financial rewards.
Reliability is Crucial
Reliability is also key. The reason for this is that one main goal of any effective forex trading strategy is to effectively block any room for emotions to take hold during trades. This means that the more solidly a trading strategy can be relied on to pay off, the less likely that doubt can rear its ugly head and muddle otherwise clear concepts that have been previously decided on.
The Forex Trading System
One very effective tool that is finding its way into more effective forex trading strategies is the automatic forex trading system. These systems process and chart complex relevant data in such a way that renders it more “immediately” usable in a comprehensive forex trading strategy. While some traders will rely entirely on the results garnered from their forex trading system others will use their results as a parcel of a more complex theoretical system.
Also you can see the video related to forex strategy
Live online day trading in real time. Watch and learn from this video as I demonstrate tips and strategies during the trading day. I don’t use a trading system. I trade discretionary setups using software filters and Technical Analysis. How to best day trade for small consistent profits is my goal for this video tutorial. The information I give is for education only. Daytrading for a living is not easy. It is something that takes much training.
Here some answer the question about forex strategy
forex swing strategy?
can anybody show me the any strategy for the forex swing trades
About Author
Written by Samuel Gibsten. Find premium info on Forex Strategy plus the top information on Automated Forex Trading
Tags: analysis, averages, beginner, business, charting, charts, commodities, currency, day, daytrade, daytrading, e-mini, easy, emini, eminis, entry, es, exit, finance, forex, Futures, fx, how, indicators, invest, investing, Market, moving, online, options, s&p, s&p500, set, sto, stock, stockmarket, stocks, stops, Strategy, systems, technical, to, trade, trading, up
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- Watch live online stock trading strategies Dec 7 Part 2
July 27th, 2009 at 10:47 pm
Take a year to learn as much as you can and then go very slowly. Anyone that suggests to you that there is a simple way to invest in FX that "works" is either not telling the truth or is ignorant.
Keep in mind that 95% of all new traders lose most of their money in the first 3 months of trading FX. Surely the success rate would be higher if there were any "formulas" that really worked.
July 28th, 2009 at 12:08 am
Asking people for a simple Forex strategy is like asking people if they have a simple method for playing poker that will allow you to win playing poker experts. There is no simple Forex strategy that works.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game using a "simple" strategy.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap . com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
July 27th, 2009 at 10:44 pm
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
thanks for sharing good stuff man
July 28th, 2009 at 12:05 am
so, what software is this? And do you have to pay per trade? (like using scotttrade at $7?)
Very beginner questions…
July 28th, 2009 at 8:31 am
Forex futures trading is a fluctuating (exciting) game, but these are some currency trades I'm watching right now:
- USD / JPY
- AUD / USD
- USD / CAD
- EUR / JPY
- GBP / JPY
- EUR / GBP
For some reason (call it a strategy if you want) I'm watching GBP / JPY. EUR / JPY too has seems to be showing some interesting movements…. but I don't want to give anyone any ideas. Mine your data, use the right tools, and work fast.
The futures market is about speed (and profit). Factor in historical currency trends and the nature of the global political landscape. That's the best strategy in forex futures trading.
July 28th, 2009 at 9:15 pm
Candlesticks are the best indicators in the world. They're good for candlestick formation, elliot wave formation, and trend-line breakout. By mastering these 3 things, you should be able to break-even in Forex. To really make money though, you'll have to master money management.
July 29th, 2009 at 6:46 am
5 minute. sometimes 2 minute for certain setups. I use alert software for scans. Not a big fan of fast moving stocks as they can cut both ways. You have to bid and not chase fast moving stocks. If you lose the spread, it can hurt if you are wrong. Moving averages are 10 20 and 50 on 5 minute bar charts.
July 29th, 2009 at 9:55 am
Hi, really enjoy your video! i have some questions that hopefully you can answer:
- beside 5 min intraday chart, do you use other intraday charts?
- what are the 3 moving averages you use on your 5 min chart?
- what scan do you use to find those stocks?
- i notice that you only trade stocks that move slowly rather than fast like aapl or rimm. do you use your method in fast moving stocks?
thank you and keep the video coming.
July 29th, 2009 at 9:57 pm
Great Video. I run a chat room that does the same thing and I have a ton of respect for the fact you actually show your positions with real money. Keep up the great work…
July 30th, 2009 at 8:48 am
July 30th, 2009 at 4:52 pm
A great forex system means you need to constantly have high probability trades. You also need to be concerned with the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com Remember, no system will be full proof, so be cautios about the claims some trading systems make.
July 30th, 2009 at 7:31 pm
http://www.FXCM.com
http://www.babypips.com/
Here is a couple good videos to watch,
http://www.forex.com/forex-seminars-developing-listen.html
http://www.forex.com/forex-seminars-developing2-listen.html
Here is a squido site for fxbootcamp that has several good video, if youll take the time to watch these you can learn a lot.
http://www.squidoo.com/fxbootcamp/
I like Oanda for a starting broker because you can trade with as little as 1 cent a pip on the line, of course youll only be making 1 cent a pip. then as you improve you can step it up a penny or a dime or what ever.
The only bad thing about them is 50:1 leverage and there spread gets very wide during news times.
I also agree with babypips good site.
a short but very good ebook
http://www.robbooker.com/books/Strategy10.pdf
Here is a good site to learn about the indicators. Just look all over it.
http://www.investopedia.com/university/movingaverage/default.asp
Use Oanda as a demo account. It doesn't expire so you will have as long as you need to practice.
http://fxgame.oanda.com
check out this guy: http://www.robbooker.com/
July 30th, 2009 at 7:54 pm