Currency Trading For Dummies

::Currency Trading For Dummies::

Forex markets can be one of the fastest and most volatile financial markets to trade. Money can be lost or made in a matter of seconds, and forex markets are always moving. So how do you keep up? This hands-on, friendly guide shows you how the forex market really works, what moves it, and how you can actively trade in it — without losing your head!

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  All the world's a stage — get an easy-to-follow introduction to the global forex market and understand its size, scope, and players
  

  
  


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  Show me the money — take a look at the major fundamental and economic drivers that influence currency values and get the know-how to interpret data and events like a pro
  

  
  


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  Prepare for battle — discover different types of trading styles and make a concrete strategy and game plan before you act on anything
  

  
  


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  Pull the trigger — establish a position in the market, manage the trade while it's open, and close out on the most advantageous terms
  

  
  

 

USA admin@fxsuccessbd.com

Currency Trading For Dummies

::MACD Trading Strategy::

If you are looking for a Long term strategy with good  winning then MACD Trading Strategy is for you.

*  Time Frame: Daily or H4

*  Symbol: any major preferred EURUSD, GBPUSD

* Risk: MAX 2%of account equity per order

* Indicators:

* MACD ColorHist Alert Indicator for MT4

* Fast EMA: 7

* Slow EMA: 22

* Signal SMA: 0

Simple MACD Strategy Overview:

This is a  MACD Trading Strategy which is used for long term trading. You will have usually only one trade per month. But this one trade is usually high profit trade. The strategy should be used only on major currency pairs like EURUSD and GBPUSD. Trade it only on high timeframe like Daily timeframe. It works on 4h and 1h as well but you might need to tweak MACD settings and use different entry, exit rules.

Simple MACD Strategy entry and exit rules:

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  We enter BUY/SELL trade when MACD crosses 0 point to UP (Green) for BUY orders and when crossing 0 point down (RED) for SELL orders (please note that you MUST wait for daily candle to CLOSE)
  


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  When we are in a trade we will set SL to 100 pips
  


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  When Trade goes your way 50 pips we set BE to +2 pips so that if the market reverses you wont have any loss
  


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  Your FIRST TP is at 100 pips (you will take out 50% of the entry and set SL to +50 pips)
  


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  Your SECOND TP is at 200 pips (you will take out everything)
  

As you can see Simple MACD Strategy is easy as pie. Please note some people tend to exit the entire trade at first TP which you can if you want but i tend to let my trade ride up to second TP.

In the Example chart we have we can see that first trade we triggered BE and got stepped out at +2 pips. Next three orders were profitable they got to second TP. Forth order BE got hit again and we got stepped out at +2 pips. Which is a great success rate.

Download Strategy Template	Download MACD Alert Indicator

 

MACD Trading Strategy

::17 Proven Currency Trading Strategies::

With an average of $4.3 trillion exchanged per day, the Foreign Exchange (Forex) market is the largest and the most actively traded market in the world. Countless money-making opportunities abound in the Forex market every day for savvy traders equipped with the right knowledge and tools. But how does an amateur investor take advantage of these opportunities to earn high returns? This book provides a comprehensive solution to this question by arming you with the same knowledge and tools that these savvy Forex traders have.

Written by Mario Singh, head of the prestigious FX1 Academy, the largest Forex education firm in the Far East, 17 Proven Currency Trading Strategies is a plain-English guide designed for anyone—from beginners to professionals, and everyone in between—looking to quickly master the knowledge and skills needed to win big in the booming Forex market.

Following the first section that explains in plain English—what is Forex trading, how money is made in the Forex "game", the six major players involved, and the importance of knowing one's Trader Profile—the second section focuses on specific and practical guidance, which includes:

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  A "Trader Profile Test" to help the reader get a clear picture of his natural trading style and which of five trading profiles he belongs to (Scalper, Day Trader, Swing Trader, Position Trader, or Mechanical Trader)
  


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  17 proven trading strategies (between 2 to 5 strategies for each trader profile) for the reader to immediately start cashing in on the Forex market
  


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  Descriptions of an array of real-world trading scenarios, with tips on how to address them
  


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  A section that shows the reader how to custom-tailor a trading system designed for his sensibilities and risk tolerance
  


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  Forex hedging strategies for finance professionals at multinational corporations
  


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  And much more
  

Short on theory and long on practical insights and step-by-step guidance, 17 Proven Currency Trading Strategies is an indispensable working resource for investors and traders of every classification—from retail investors and fund managers, to portfolio managers and institutional investors—looking to expand their trading horizons and win big in the Forex game.

And, whether you're a recent college grad or a baby boomer preparing to retire; a middle manager or business owner; or looking for a reliable second income stream, this book can help you to achieve the financial independence you want and deserve by trading the Forex market, no matter what your life stage, income bracket, or professional standing.

 

 

17 Proven Currency Trading Strategies

Money management strategy

::Money Management in Trading::

Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.

It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk you’re going to accept for this trade.

There are different money management strategies. They all aim at preserving your balance from high risk exposure.

First of all, you should understand the following term Core equity, Core equity = Starting balance – Amount in open positions.

If you have a balance of 10,000$ and you enter a trade with 1,000$ then your core equity is 9,000$. If you enter another 1,000$ trade, your core equity will be 8,000$

It's important to understand what's meant by core equity since your money management will depend on this equity.

We will explain here one model of money management that has proved high annual return and limited risk. The standard account that we will be discussing is 100,000$ account with 20:1 leverage. Anyway, you can adapt this strategy to fit smaller or bigger trading accounts.

Money management strategy:

Your risk per a trade should never exceed 3% per trade. It's better to adjust your risk to 1% or 2% we prefer a risk of 1% but if you are confident in your trading system then you can lever your risk up to 3%

1% risk of a 100,000$ account = 1,000$

You should adjust your stop loss so that you never lose more than 1,000$ per a single trade.

If you are a short term trader and you place your stop loss 50 pips below/above your entry point. 50 pips = 1,000$ 1 pips = 20$

The size of your trade should be adjusted so that you risk 20$/pip. With 20:1 leverage, your trade size will be 200,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 10,000$ = 10% of your balance.

If you are a long term trader and you place your stop loss 200 pips below/above your entry point. 200 pips = 1,000$ 1 pip = 5$

The size of your trade should be adjusted so that you risk 5$/pip. With 20:1 leverage, your trade size will be 50,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 2,500$ = 2.5% of your balance.

This is just an example. Your trading balance and leverage provided by your broker may differ from this formula. The most important is to stick to the 1% risk rule. Never risk too much in one trade. It's a fatal mistake when a trader lose 2 or 3 trades in a row, then he will be confident that his next trade will be winning and he may add more money to this trade. This is how you can blow up your account in a short time! A disciplined trader should never let his emotions and greed control his decisions.

Thank You

Money management strategy

USA admin@fxsuccessbd.com

::Money Management Development::

Money Management Development:

For getting success from Forex Industry every trader should focus on money management as well as risk management. This is oldest and most important advice for all traders. This is fundamentally the most important element to master in order to achieve consistent success and profitability as a trader but is also one of the most neglected aspects of trading for newcomers. Without proper money management procedure every effort can be fruitless.

Why money management is important?  

You may ask question that, why money management is important? Money management is essential in Forex trading for two reasons. The first of these is that it needs to be employed in order to be consistent with the potential profits that can be achieved and, secondly, money management will allow a trader to continue trading even during periods of poor performance. If trader understand money management properly then they can use potential take profit as well as stop loss that help trader to trade even in an adverse situation. The placement of these stop-losses should be relative to the expected gains, and ideally with a risk-to-reward ratio of no greater than 1:1. Managing risk relative to expected gains is an effective way to ensure that the risk taken on each trade is no greater than the potential profit. This should allow a trading strategy with an ‘edge’ to outperform the market if discipline is maintained and stop-losses are never extended beyond their pre-determined level.

Here I try to mention some important key point that should follow every trader: ( Money Management Tips)

1.Understand your risk level before entering any new trader. It will work as a silent money management weapon. Never focus only profit and number of pips,

2. Don't forget your risk level meaning, that is how much money you are going to lose per trade.

3. Focus on low loss and high profit ratio. And decorate your money management procedure by understanding this.

4. Use trailing stop if you are use to or place S/L at breakeven when you're in profit.

5. Use S/L of your every trade, and focus on support and resistance during that.

6. New trader can take maximum 1-2% risk per trade.

7. Do not increase lot size in start , always increase volume when your deposit is double. Example: If your deposit is 300$ you should start trade with one point = 0.01

8. Focus on high probability price action trade set up.

9. Never use risk reward ratio 1:1 , 2:1, 3:1 and so on. Means don't trade on low profit and high loss otherwise it will emptied your account in few days .

10. No need to make any trade when you feel any confusion, decentralize your profit time to time.

A common problem with risk management:

Risk management involves a large degree of discipline and preventing the temptation to move stops or ‘average down’ a position. One of the most destructive practices is to try to reduce the losses incurred on a failing trade by exposing an account to even further losses, or to become dogmatic and continue buying or selling in to the trade in order to lower the average purchase price. The acceptance that trades cannot always be profitable is essential to exercising effective risk management. Limiting the damage during these negative trades is more important for the health of an account than the profits of the winning trades.

Thank You

Money Management development

Weekly Market Analysis

( 10 To 15 March, 2014)

EUR/USD Market Analysis:

Present Scenario:  As we know EURUSD pair already broken  the most important daily resistance 1.38 zone ( Now price level about 2.4  years high) .  So price can move more higher level and it may hit 1.40 level in near future.  Another issue, after hitting diagonal resistance price level now in bearish momentum and it may come again  towards 1.382 (Fibo Expansion: 61.8) level and from here it may again rebound towards 1.3977 (Fibo Expansion: 100) level where have important diagonal resistance.

Technical Overview:

Current Candle: Normal Shooting Star ( Body: Bullish) ( Time Frame: Daily)

Trend: Bullish Trend

Weekly Pivot: S3: 1.3391, S2: 1.3573, S1: 1.3686, PP: 1.3755, R1: 1.3867, R2: 1.3937, R3: 1.4118

GBP/USD Market Analysis:

Present Scenario: Last trading session GBPUSD pair retest 1.677 level again and seems price find strong resistance at 1.677 level.  So from this level price can take some bearish momentum towards fibo 50% retracement level (1.654 level).

Another scenario: If price level break 1.68 level then it may move towards 1.70 level.

Technical Overview:

 Weekly Pivot:S3: 1.6324, S2: 1.6510, S1: 1.6622, PP: 1.6695, R1: 1.6808, R2: 1.6881, R3: 1.7066

Trend: Bullish Trend

Candle Structure: Shooting Start, ( Body: Bearish), ( Time Frame: Daily)

USD/CHF Market Analysis:

Present Scenario: According to daily chart USDCHF price level now in strong bearish trend and price broke important support 0.88 zone. Price now in diagonal support 0.877 level.  From here price can take some short correction towards 0.883 level, after that it may move again towards very important demand zone where have fibo 100% expansion.

Technical Overview:

 Weekly Pivot: S3: 0.8526, S2: 0.8679, S1: 0.8734, PP: 0.8832, R1: 0.8887, R2: 0.8985, R3: 0.9137

Trend: Bearish Trend

Candle Structure: Strong Bearish, ( Body: Bearish), ( Time Frame: Daily)

USD/JPY Market Analysis:

Present Scenario: After hitting diagonal resistance USDJPY pair try to take some pullback. And it may come towards 102.65 level and from here it may again rebound towards 103.55 level.

Technical Overview:

 Weekly Pivot: S3: 99.74, S2:100.87, S1: 101.32, PP: 102.00, R1: 102.45, R2: 103.13, R3: 104.26

Trend: Bullish Trend

Candle Structure: Normal Shooting start ( Body: Bullish), ( Time Frame: Daily)

AUD/USD Market Analysis:

Present Scenario: After hitting important diagonal resistance AUDUSD pair now in bearish momentum. So price level should move now towards 0.90 level where have fibo 50% retracement.

Technical Overview:

 Weekly Pivot: S3: 0.8669, S2:0.8815, S1: 0.8872, PP: 0.8960, R1: 0.9017, R2: 0.9105, R3: 0.9251

Trend: Bullish Trend ( Bearish Turning)

Candle Structure: Bearish Candle( Body: Bearish), ( Time Frame: Daily)

Thank You

USA admin@fxsuccessbd.com

Weekly Market Analysis

Ensure your Forex Success with FXsuccess.co.uk

Ensure Your Forex Trading Success with FXsuccess.co.uk

Forex Trading? Yes

Nowadays, millions of people are engaged in currency trading in forex Market. We all know that forex Market is the most rapid growing Industry in the world, daily turnover around 5 Trillion Dollar. To become a successful trader it is necessary to learn the peculiarities of the forex market. Trader need some time to learn more about forex market and is manner. A usual online research will direct you to numerous websites devoted to Forex and Forex trading. You can find there so many things such as Forex news, daily market analysis, educational material, forums, calendars, trading signal etc.

However, it is necessary to understand that not all of these resources are useful. In fact, many tend to be harmful. While pursuing Forex education you may come across Forex websites telling tales on how easy it is to generate big money. Thus, if you want to avoid huge losses, it is crucial to carefully check all information resources and choose only reliable and verified websites. 

If you do not want to get lost in numerous Forex resources, pay a visit to http://fxsuccess.co.uk/  . You will be happy to know that, this is one of the most impressive and reliable website where you find so many trading resources, and lots of useful information. Now you may as a question. What you get from there?

Here I want to provide you some information about that….

1. For getting proper forex trading success you may need proper market analysis and http://fxsuccess.co.uk/  will provide you that on regular basis.

 

2. You will find there so many trading tools such as Economic calendar, Pivot point calculator, Fibonacci Calculator, Correlation Filter, Forex broker spread comparison sheet, Broker volume sheet, Trader insight analysis and many more things.

 

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7. For getting ultimate success, Forex trading need a good and reliable Forex Broker. Is it true? Yes 100% right. http://fxsuccess.co.uk/ will help you in terms of broker selection.  They develop a nice segment known as Forex Broker Review. Have a look: http://fxsuccess.co.uk/forex-brokers-review/ , you will get all kinds of broker information from here such as broker regulation, terms and condition, promotions etc.

 

8. Get paid of your every trade and maximize your trading profit. Yes fxsuccess.co.uk belief this word and they developed a nice forex cash back system for serious traders. They provide highest rebate rate ( around 95%)  in the market. No doubt about it. Here you can see some example:

::Forex Broker Name::	::Rebates Rate::
FXCM	Up to 7.5 USD per standard lot
IronFX	Up to 7 USD per EURUSD S. L
AlpariUk	Up to 5 USD per Standard Lot
FXpro	Up to 6 USD per Standard Lot
Admiral Markets	Up to 22% commission or Spread per S.T
HotForex	Up to 5.5 USD per Standard Lot
AFBFX	Up to 7 USD per standard Lot

learn more: http://fxsuccess.co.uk/ib-commission-comparison/

Note: http://fxsuccess.co.uk/ now partner of around 50 world class Forex broker and all are regulated and popular forex broker in the world.

Read Forex Rebates FAQ: http://fxsuccess.co.uk/rebates-faq/ ( Check all rebate related FAQ from here.)

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11. Customer satisfaction is number one priority for FXsuccess UK. The company provides top-notch services which can fulfill the requirements of even the most demanding clients. In case of any disputes with a broker, the company is ready to support each client and provide profound consultations that will help achieve the desired results in the currency trading activity. 

FXsuccess Uk will become your reliable partner on the Forex market and will teach you how to become a successful trader. 

So visit now for more details: www.fxsuccess.co.uk

Thank You

USA admin@fxsuccessbd.com

Ensure your Forex Success with FXsuccess.co.uk

Test Post from http://fxsuccess.co.uk

Test Post from http://fxsuccess.co.uk http://fxsuccess.co.uk

FXsuccessUK is an international rebate service and free forex education provider where our main vision, mission and goal is to provide best support to our clients. We are very much interested in the safety of our client's monetary assets, that's why FXsuccess  represents only the brokers that have corresponding licenses and operate under the rigid control of regulating authorities. The reliability of the brokers represented by FXsuccess  is proved by their high reputation in the world of Forex and the significant number of clients working with them on a regular basis.

FXsuccess not only provide you rebate service but also we provide you some special service such as trading signal, Email alert, daily Market update, profitable trade set up, effective forex article, copy trade opportunity, forex eBook, video tutorial, free professional forex trading course and many more you can get in exclusive member area.

We all know that working with different Forex Brokers, a trader always has to pay for the effective transactions to the broker company- the intermediary at the Forex Market. Sometime this transaction cost or commission can considerably reduce the trader's income. But nothing to worry in this regards, FXsuccess will provide you  around 90% rebates back so that you can maximize your trading profit.

Here I can mention one Example for your better understanding, If we get 10 USD as a IB commission then we will provide you up to 9 USD as a rebates. Please not that: Your spreads and trading condition DO NOT change, they remain the same as if you had opened an account directly with the broker. The main difference is that a client that open their account directly through us get extra cash for each trade and its known as FOREX REBATES.

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