What to Know to Select the Best Forex Program

Forex programs enable you to automatically place and end trades in the forex market without needing or having a great deal of time to put towards actually trading yourself. They have enabled millions of traders in the forex market to bring in additional income in their free time without having to do anything beyond running the program. With one third of all traders currently using this technology, there are more forex programs for sale than ever and the vast majority of those if you look at their sales letters will promise to turn you into a millionaire overnight it seems. See through the hype and look for these three quick things to get your self the best absolute forex program today.

First you've got to make sure the program has a money back guarantee with it. Not only can you try the program risk free and even open it to trade in the confines of a virtual account, but it's simply a sign of good faith on the end of the publisher and evidence to support that they stand behind their program enough to guarantee your satisfaction and that they are not some fly by night company.

It's also important to go with a more conservative trading forex program. Typically this just means getting a more recent or frequently updated program because unlike the more aggressive forex program from the past which go after any and all trades and typically have the win/lose rate to show it, the more conservative programs of today keep much higher standard before they invest any money in the market. A currency pair must meet its higher standards before it will invest anything and these programs boast the greatest winning rates altogether.

Also very important is that you consider reviews about a forex program to learn things the publishers likely don't want you to know themselves. Just as important to keep in mind, however, is that you be wary of reviews which exist only to sell something to you.

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The Best Forex Automated Trading System Review

The forex automated trading system is a tool/software which automatically places and ends trades for you in the foreign exchange market. They are able to do this because they keep constant 24-hour access and watches over real time market behavior amongst the different currency pairs and find what they deem as being reliable trading opportunities to invest in, then track those trade's performance along in the market, then when that trading opportunity reverses from your favor it trades away the now costly investment.

With so many different systems available to traders today, this is a review of what is likely the best forex automated trading system.

FAP Turbo is one of hundreds of systems vying for your attention, what would cause me to call it the best forex automated trading system you might ask? My major complaint after testing dozens of notable systems in the past including Forex Autopilot, the father program of FAP Turbo, was that these programs were too aggressive in the trading opportunities which they conquested after. They kept low standards and would oftentimes go after any and all trades in the market regardless of the risk associated with them and would oftentimes end up losing more than they took in of my money.

It is clear to me that the publishers and designers behind FAP Turbo more than kept this in mind when designing their forex automated trading system because this is easily the most conservative and selective system I've ever used. It's fully automated so that after you get the program and after installing it is literally up within minutes looking for trading opportunities.

You have to keep it connected to the Internet 24 hours a day and consequently leave your computer on for that time, as well. As I mentioned in the opening, this is because these forex automated trading system by scouring the market around the clock looking for reliable trading opportunities.

If you can't afford to run the program on your computer around the clock or don't trust your Internet connection, the publishers will run the forex automated trading system from their own servers which they keep and maintain for the sole purpose of running customer's systems for them while you still have remote access from your home to tweak how it trades if you so choose. It is not necessary and the system is fully capable of trading 100% independently of you without your having to set a single thing after getting it, but there are some different features which you can tweak in terms of how it trades if you so choose.

The forex automated trading system keeps much higher standards before enacting a trade. This is evidenced by the fact that I've made money on 18/20 of the trades which it has initiated for me in the two months since I got the program. It doesn't go after overly aggressive and risky trading opportunities and doesn't enact a trade for the sake of doing so. Because of this, its daily trading activity will fluctuate greatly depending on when and where an opportunity presents itself to the program.

All of this combined make this the most attractive system for casual traders without the time to devote to analytics or possibly even trading themselves as well as first-time traders looking to fully outsource their trading work but don't feel like paying out expensive fees and commissions to a full service broker.

It's also important mention is that FAP Turbo comes with an eight week money back guarantee period in which you can try it first hand. I recommend that if you are truly interested but wary at the same time, you should get the forex automated trading system while having this guarantee and run it through a virtual trading account which you can get for free from any online broker site. In this account you can track its gains and losses accordingly which I've done with each of the programs I've tested in the past, assuming they come with this guarantee.

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What's the Best Currency Trading Strategy?

Ironically, I believe the best currency trading strategy is the one that is right now being extremely underused. The strategy that I am referring to is called price action. The concept is as old as the free market itself. You could research on traders like Jesse Livermore, who at the turn of the 20th century, became millionaires just by being able to follow the price movement of a stock, caused by the other floor traders.

Sure, the technology has changed, but the concept still remains the same. The only difference now is that many mainstream traders have gotten, quite frankly, too lazy for their own good.

Instead of sitting down and trying to figure out what makes the market really tick, they instead prefer just to blast their charts with a bunch of useless indicators that don't provide any kind of insight to market, but somehow traders use them to "analyze" the market.

You can judge for yourself how well this kind of trading methodology works. by looking at the famous statistic, which is: 95% of forex traders end up losing money. Hopefully when you read that statistic, you'll realize that you just can''t let technology do the work for you. You are going to have to get your feet wet, if you want to succeed trading forex.

Basically when you have indicators telling you when and how to trade, you take yourself out of the equation. You minus well be a robot if that is the case.

When YOU become the indicator is when you really learn how to read a chart properly. That starts and ends with the best currency trading strategy: price action.

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Best Forex Trading Indicators - 4 of the Best For Bigger FX Profits

There are lots of Forex indicators to choose from but here I will look at five that all traders should know about and if they are used correctly, they can enhance your profit potential lets take a look at them.

These indicators all complement each other and can be used in the same strategy. You can learn them in around an hour each, their visual and if combined with normal bar charts come together to give you a flexible and powerful way to trade. Lets look at our best Forex trading indicators for bigger profits.

Bollinger Bands

This indicator, doesn't generate trading signals but it gives you a view of volatility and all traders need to know and understand how volatility affects price.

A very simple effective way to use it is to use the mid band or 20 day moving average, as a simple way to get into existing trends.

Look to buy currencies in moves back to the mid band in a bull market and sell them, in a bear market - Simple? Yes but look at a chart and you will see how effective it is.

The Relative Strength Index

Developed by trading legend Wells Wilder, this indicator can give you advance warning of trend changes watch for the RSI to turn against the direction of the trend in overbought areas in bull markets and oversold areas, in bear markets to take profits or to enter contrary trades.

The Stochastic

The stochastic is the ultimate indicator for entering trades in our view, simply look for stochastic crossovers from overbought or oversold levels in bull or bear markets to enter trades, in the direction of the crossover and enter your trading signals.

Its the ultimate timing indicator and one, all traders should learn to use.

Average Directional Movement

Another Wells Wilder indicator and it's used, to determine whether a market is trending or not but its best use is, as a profit taking signal in strong trends.

Simply look for the ADX line to rise above 40 and turn down, to take profits and look for contrary trading opportunities.

These 4 Indicators can help you enter new trends, trends in motion with the best risk to reward and also give you advance warning of major contrary trends and if you use them, in conjunction with your bar charts, you will be soon making bigger profits with some of the best Forex trading indicators.

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The Best Trend Forex Indicators

Trend line indicators in the field of forex trading are one of the basic and the most powerful tools which a trader should be familiar with in order to be effective. Belonging to the category of technical analysis tools, these indicators provide the support or resistance levels with the trend line being dynamic in nature meaning that as opposed to remaining stationary it moves with time.

While a climbing trend line is referred to as being ascending, a declining trend line is labeled as descending and in this way a trader would be able to gauge the direction of the trend, spot a reversal and decide upon suitable entry and exit points.

Prior to being used, forex trend indicators are recommended to be filtered and while this task could be performed in a DIY manner, the touch of a consultant or a financial expert is believed to make a lot of difference. Filtering trend indicators is not just essential but imperative as well because in the long list of tools, not every one of them would be as significant or contributory towards profits. Hence it is indeed worth the effort to assess the technical significance of the trend and become familiar with their behavior patterns before including it in one's trading kit.

Although not an end to themselves, trend indicators could be treated as useful means for understanding the profit-making direction. Therefore, even though one is not able to accrue a fixed monthly income, it is possible to earn benefits from probable investments and spot a worthy trade after which there are a number of ways in which one could capitalize on it. Some of the noteworthy trend indicators which are used by forex traders all over the world are MACD and TRIX and if updated regularly and handled diligently by the forex traders, these indicators prove to be useful weapons while planning a trading strategy.

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Best Forex Automated Systems - This One is Free and Made Millions in Profit!

When looking for the best automated Forex trading systems, a strong contender is the one enclosed and don't think because its free it doesn't work - it does and has for over 20 years...

There is no question Forex trading systems have a bad reputation and this is down to the numerous junk robots that are sold with track records that are simply back tests and not proven. The system we are going to look at here on the other hand has been used by savvy traders around the world for years and works.

The system we are going to look at is the 4 Week Rule and it was devised by one of the great traders Richard Donchian and since the late seventies it's been at the heart of some of the top traders systems - even trading legend Richard Dennis was a fan so you know your in good company.

The system is incredibly simple and you don't even need a computer to run it - it has one simple rule, so lets look at it.

Buy a new 4 week high and reverse the position when a new 4 week low is hit - keep buying the 4 week high and selling the 4 week low and always maintain a position in the market.

You can't get much more simple than that and but if you think about the logic it's soundly based.

1. it's a very simple breakout system and it's a fact that most major trends start from breaks to new market highs or lows.

2. By its very nature its long term and if you look at a Forex chart, you will see the big trends can last many months or longer.

3. This system as it is always in the market so is guaranteed to put you on the side of every big trend.

It's also got some other great advantages, it's quick to implement about 15 minutes a day max and gives you a set trading signal with no subjective judgement needed.

Despite the fact it works and will continue to work most traders won't bother with it and here are the reasons why.

1. They think its to simple despite the fact it works

2. They want to buy tops and bottoms exactly, despite the fact you can't do this

3. Its to long term and traders always like action and lack the discipline to hold long term trends

4. It's not complex - traders think this increases chances of success but of course the opposite is true - simple systems are more robust.

5. It's not based on fancy theories chaos, neural networks, artificial intelligence etc - these theories don't work in Forex but again traders love them.

6. There is no fancy packaging or a ridiculous name that insinuates taking on and beating the market.

Most traders pick junk robots with simulated track records and fall for the hype. This automated Forex trading system has no hype but plenty of profits and I know which system I would rather have!

The system works and will continue to work and if you are interested in long term profits take a look at it and it can increase your chances of forex trading success.

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Using the Best FOREX Chart Indicator to Your Advantage

Having control over your investments using the best FOREX chart indicator is essential in being successful. There are a lot of trading indicators that you can use, and not a single one will stand out above the rest. You need to use a combination of two or more trading indicators to be effective in a given circumstance and the mix of which will also vary, depending on the factors available in the current market.

Simple bar charts have long lost their popularity. But whether you believe it or not, they are still quite an effective tool, especially over the candlestick charts that present data like the daily open and close range that is already obvious.

With these four trading indicators that you can probably learn how to use in about thirty minutes each, you will be able to apply right away on your FOREX charts to plan out strategies on how to make larger profits.

1. The Stochastic - is a very powerful trade indicator. It shows you the crossovers of bullish and bearish divergence of oversold and overbought levels. It also enables you to make those precise timings when the best time to trade is available for a particular currency.

2. Relative Strength Index - shows you how high the trend can go by graphing when the RSI strengthens and weakens, so it acts as an advance warning for a move against you. Matched together in combination with the stochastic, these two make a powerful pair for establishing the proper timing in the market trend.

3. The Bollinger Bands - show you the volatile price levels of a currency. Understanding how this properly works can help you achieve how to make decent earnings in the FOREX market.

You can use pops on the outer band, close to chart resistance and support, to check profit, or create an opposing trend. If there is a strong market trend, you will be able to see dips down the centre band of the moving average. These are areas of great value that you can add more possible watches to an upcoming trend.

These are the long term investments that you do not rush into. This is where you take your time analyzing a good spot with resistance and support to make a huge slide in profit.

4. Simple Moving Averages - pertain to taking the average out of a certain period of days for analysis of long-term trends. A good basis for this sample would be between 18- to 25- day cycles.

Learn and understand these tools well and you will have the best FOREX chart indicator at your side to help you harvest in those dollars.

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RSI Reversals, Divergences and the RSI Paint Indicator

Many Forex traders have heard about RSI, the Relative Strength Index in particular from traders who evaluate a trade in the currency market and then say there is a divergence forming and that the price of a currency is overbought or oversold. When you hear this you should cover your ears or eyes and make loud noises until the person stops talking.

RSI does point out divergences between price and momentum but divergences are very inconsistent to trade. Ask anyone who has tried to trade them. Secondly, most traders including experts miss most of the divergences on the chart because they try to locate them manually, third, RSI does not predict price as being overbought of oversold. Last, little known RSI Reversals drawn by The RSI Paint Indicator tell the Forex trader when momentum is shifting in his or her favor.

Divergences are inconsistent to trade

Divergences are actually, in most cases, signals that momentum is slowly and about to retrace. They are inconsistent because they are against the trend and because trend strength is so difficult to measure.

Most traders can't find all the divergences

When you are manually locating the divergences on RSI and Price you will miss most of them. The only way to locate them all is to use an RSI Indicator that locates them all for you. In this way the computer does the work regardless of how many currency pairs you are trading. The RSI Paint Indicator was designed to do just that plus much more which we will point out shortly.

RSI does not predict overbought and oversold

Statistical data shows that the best place to sell is not at 70 RSI and buy at 30 RSI. Following this prescription will lead to failure. Successful RSI signals however relative to their levels can be tracked so as to put RSI traders in position to make highly successful trades. How?

RSI Reversals, the key to success

Few people including the so called experts understand RSI Reversals. The RSI Paint Indicator draws these on the RSI so that the Forex trader can locate them in order to trade "with" the trend. They are the counter signal to divergences. When a trader sees divergences they will know that in most cases the next signals to watch for are reversals which signal momentum in the direction of the trend. Both of these signals, divergences and reversals, are automatically draw for the trader using The RSI Paint Indicator.

Traders who look deeper than the typical information on RSI on most websites will find that RSI provides information that will allow a trader to trade RSI as a standalone system, in particular, when the signals that are the key to success are drawn for them using The RSI Paint Indicator.

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Forex Currency Trading System Education - The Best Forex Plan For The Forex Currency Trading System

When entering the Forex currency trading system it is imperative that you devise the best Forex plan. This includes getting the best Forex education training you possibly can before jumping headfirst into the Forex currency trading system. This article will give you a guideline for devising the best Forex plan for fast profits with a proven Forex currency trading system that really works.

The Forex market is the largest trading market in the world. The Forex market is said to turn over more than $1.5 trillion dollars each and every day.

When stepping into the Forex arena it is critical that you have an effective and proven Forex plan to follow to help you perfect the Forex currency trading system and to get the best Forex education as you possibly can.

Step one of any Forex plan is becoming as informed and education as you possibly can on how the Forex currency trading system actually operates. There are many fundamentals and strategies involved with the Forex currency trading system. In order to begin and expand your Forex education you need to enrol in a reputable Forex trading system course online and familarize yourself with the Forex currency market with a Forex simulated trading account.

A Forex simulated trading account does not require any investment of capital. What it does do though is train Forex beginners in the strategies and fundamentals of consistent and profitable Forex trading.

Step two involves expanding your Forex education. A Forex currency trading beginner must learn not to be too greedy too soon. By analysing world and political news and taking all the clues from Forex pivot points a Forex currency trading beginner can learn to minimize his losses with stop loss orders and to maximize his profits.

Step three of the Forex plan involves learning sound Forex investment strategies including the buy signals that the Forex charts frequently give Forex traders.

Step four of the Forex plan involves knowing when the rally for the Euro begins. The busiest hours in the Forex are the London hours which are after 2am New York time.

Step five of the Forex plan for beginners is to actually select that amount that you are willing to make on every Forex trade before you begin trading. This amount ought to be more than or equal to the earnings that you are willing to lose in the Forex trade.

It is tempting to dive into the Forex currency trading market headfirst and make trading decisions without any experience or sound strategies in place. If you want to join the ranks of 90 percent of Forex traders who are consistently unsuccessful then I suggest you ditch this Forex plan and dive right in.

On the other hand, if you want to learn to be a successful trader with a proven and effective Forex currency trading system in place and an almost fool-proof Forex plan then check out the website below where we can help you become the successful Forex trader you long to be.

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How to Choose the Best Forex Signal Provider

Want to earn dollars every single day? Go for the best forex signals! Accurate forex signals can make the difference between an average performance at the forex market and incredible profits! However, there's a catch here- those signals you go for need to be accurate, and based on solid indicators. So how do you choose the best signals? We'll tell you...

#1- Watch out for Past Performance- this is the best indicator of how good they are! There are 2 things you need to watch out for here- how well the signals have performed and how consistent the performance has been. Go for providers who have a proven track record. They provide you the best opportunities to trade in the market.

#2- Who Do They Cater To? Some providers cater to beginners only, while others might be more interested in professionals. Find out who they cater to, and then make a decision about the provider.

#3-The Speed of the Signals- this is an important indicator of how good the signals are. Face it- these signals are useless if they are not on time. Since split second decisions can decide between profits and losses, your forex signals need to be on time.

#4- Back Testing Results- your provider should also be providing you back testing facilities on the signals they provide you. The rationale is simple- back testing ensures that the quality of the signals is being monitored on a consistent basis.

These are some of the simple things you need to look into before you choose the best forex signal provider for yourself. Remember, the signals you receive will have a lot of bearing on your performance in the forex market- especially if you do not spend a lot of time watching the market. Choose the best forex signal provider available- and enjoy your profits!

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5 Technical Indicators Used By Experts

If you have just learned technical analysis, you may be overwhelmed by all the indicators that you have to base your predictions on. You may not be able to use all the indicators and be able to make a decision on time, so we're listing down the 5 best technical indicators used by forex trading experts.

Moving averages

If you are a beginning trader, you may want to start with the simplest indicator. The moving average, though simple, is one of the preferred technical indicators of experts. With moving averages, you compare the averages of charts that span two different ranges. For example, you may compare a 7-day average with a 30-day average. Look at the way the two averages cross over. You can predict a bearish market, if the crossover comes from up to down, and you can predict a bullish market, if the crossover comes from down to up.

Bollinger bands

This technical indicator operates on the belief that a market's value can go up or down depending on two standard deviations. Each of the standard deviations is plotted on either side of a moving average graph of the prices. So basically, Bollinger bands are used to gauge whether a price is considered high or low based on the price history.

Relative strength index (RSI)

The relative strength index, or RSI, is the relative strength of the security's price when compared to past prices of that same security. The RSI is used to determine whether a security is being overbought or being oversold. In a period of usually 14 days, you will be looking at bearish and bullish changes in the prices. You have to divide the sum of the bullish trades by the sum of the bearish trades. The answer is an index from 0 to 100. If the number is above 70, then the security is overbought (bearish). Similarly, if the number is below 30, then the security is oversold (bullish).

Stochastic

The stochastic indicator is a good tool for determining whether the market is strong or weak. This technical indicator shows that if the price is rising during the trading day, it is more likely that it will end up near the maximum price for the day. Accordingly, if the price is falling during the trading day, it is also more likely that it will end up near the minimum price for the day. This indicator is best used as a timing tool and can show trend changes where you can base your investment moves on. The stochastic indicator is best used together with the RSI.

Moving Average Convergence Divergence (MACD)

The MACD is a momentum gauge that can be computed through finding the difference between two exponential moving averages. The MACD closely follows the trends. The MACD is different from moving averages in the sense that with exponential moving averages (EMA), much more weight is given on the more recent prices than the rest of the prices plotted on the graph.

If you look further, you will find many other helpful indicators. However, the ones we've listed here have been the most tried and tested by experts. By using or combining any of these technical indicators, you can zero in on the best trading move.

And, you can discover key forex technical indicators experienced traders use by visiting my Technical Analysis Tips website.

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The Best Forex Strategy

What is the best Forex strategy for trading in today's Forex market? What is the criteria for making this kind of decision as a trader? Many people have an opinion. Go to the Internet and you will be able to Google more methods than you can possibly read or understand if you could. The same would be true if you spent time at your library or bookstore reading through the books.

Typically you will get two kinds of information when it comes to trading strategy. One is objective in nature and one is subjective in nature. This is the primary dividing line that you will see if you look at the broad spectrum of trading Forex or for that matter any financial market.

Let's look at what this means? What is a subjective trading method? Here are some highlights from a book written on what evidence-based trading would include by David Aronson. Subjective methods are not well-defined in terms of the procedures. They are interpretative, therefore subjective. Opinionated. They include private interpretations of individuals. The methods are not computerized. "It is impossible to either confirm or deny a subjective method's efficacy." There is no evidentiary challenge.

What strategies would employ these techniques? Chart patterns for one. Yes, chart patterns do exist but if you listen to any number of traders they will disagree as to type and to which direction that the trade will go. The best thing that can be said about chart patterns is that typically they happen when price is wedged into a corner and must go in one direction or the other. Which way is open for debate.

The same could be said for Elliott Wave. Although seemingly very rational, this method is subjective. Simply read a book on the topic and then find one of several largely attended forums on the subject and you will get varying interpretations on the same currency pair and time frame. In the year I studied this method which included daily study on the forum and using a top Elliott Wave analytic website, I never got a clear directional analysis. Every analysis included the fact that the trade could go either way and there was not clear signal.

In contrast is the objective strategy. This strategy is not fool proof but the signals are unambiguous. They are programmable. The results can be tested. There is no question to the direction of the signal.

The idea when you are looking at a trading strategy to build upon, and I stress that, is to start with a system that can be measured. The best traders use a method that allows them to do this. Regardless of whether you analyze the market fundamentally to determine what you think a currency pair will do, or technically first, you need a point of entry and your trading strategy should employ a trading entry that is objective, not subjective. If you do this you will have a solid foundation for your trading and one that will allow you a way to test it against the prevailing Forex market.

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Forex Trading - How To Profit From Economic Indicators

The traders all over the world trade about $3trillion daily in the world foreign exchange markets. The markets are open all over the world 24 hours a day and keep on absorbing new traders every day.

Now if you were to make some sense of what is happening in the currency markets and why there are swings across currency trading combinations then you will have to pay heed to a lot of economic news. There are several economic factors that change the view of the traders towards a particular currency.

Almost anywhere you go the most common term that you will hear is the fed. Fed is short for Federal Reserve and this is the central bank of the United States. Now the chairman of the Fed always has the best interests of the economy so as to steer it clear of recession and help the people get respite from inflation. Any decision the fed makes an impression on how the US currency behaves. That said, you need to understand how each and every statement of the fed impacts the foreign exchange market.

The price of a currency is a factor of how the economy is shaping up. If the economy is not doing well, the price of the currency reflects that. The economic foundation of the country has to be sound for the currency to be strong. However whether you believe it or no, the currency traders pay particular attention to interest rates in the market and they are best indicators of the economic health of the country and also affect the general consumer market the most.

So read and absorb all economic news, listen to experts and then take a judgment call on the currency.

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Free Forex Trading Strategies - A Free Forex Robot For Huge Gains

There are free forex trading strategies you can get online and one of the best is a free forex robot which will beat over 95% of the ones sold online and is proven to make big gains here it is...

The robot is called Richard Donchian's 4 Week Rule and it was devised in the late seventies by Richard Donchian to trade commodity markets (although it will work on any trending market) and as currencies trend well, this is an ideal market to trade the system on.

Its very simple and you don't even need a computer to do the calculation:

Here are the rules:

Cover short positions and reverse to a long position when a price exceeds the highs of the previous 4 weeks. Close long positions and reverse to a short position when a price falls below the lows of the previous 4 weeks.

Now that's what I call simple!

Don't think it doesn't make money it does back test it and see.

The 4 Week Rule has been used by some of the world's top traders and even trading legend Richard Dennis was a fan so if some of the top traders have used it then your in good company.

If you use it, you will be on every major trend and long term it will make money.

There is of course a drawback and that's - what happens when the markets aren't trending?

Here you may want to filter the exit and use a 1 or 2 week period to exit and re enter on the next 4 week rule, this will smooth the equity curve.

Now despite the fact the free forex trading strategy will make money, few traders will use it and here are the reasons why:

Its to simple

People just assume it wont make money because its so simple but of course all the best forex trading strategies are simple. A simple strategy is likely to be very robust in the face of brutal ever changing market conditions with fewer elements to break than complicated ones.

Its Not Trendy

It doesn't have the ring about it like a system based on artificial intelligence or chaos theory but it will beat most despite its simplicity same goes for all the scientific theories that don't work used by the far out investment community - Gann, Elliot and Fibonacci.

Its Not Fussy about Market Timing

It's not a pinpoint trading system which predicts, it simply reacts to price change. Of course, this is the way to trade - but most traders are looking for the perfect entry (of course they cant do it) and won't try this system.

Its boring

If you like trading a lot its boring, a few trades a month at best and 5 m minutes a day to execute them. On the other hand, if you like making money and want to get on with your life this system is fantastic!

So there you have it a free forex trading strategy that works and will continue to work. It be adapted to your risk tolerance as well customized as well Take a look at this free forex trading strategy and you will find, it can help you achieve currency trading success in less than 15 minutes a day!

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Forex Technical Indicators Revealed

What are Forex Technical Indicators and Why are they Important?

Investors all over the world are participating in forex trading. The forex market is something many investors are using to make money. The opportunities for profit that can be found in the forex market are much greater than those found with other investments. However, there is risk as well so you have to educate yourself about how the market works and understand how to use forex technical indicators if you want to succeed. When you learn how to use multiple technical indicators to locate trends in the currency exchange market, you will be able to see great returns on your investments and avoid the risk of losing your money.

All successful traders will tell you how important technical indicators are in the forex market. They are used by expert investors but can new investors use them as well? Technical indicators are actually mathematical formulas that were developed to help traders recognize and take advantage of trends in the forex market. These are very accurate tools that predict market movements and help you make good investments.

If you are involved in the currency exchange market, you obviously want to make money and that means you have to know what you are doing. The currency exchange market is a very volatile market, which means that there are a lot of ups and downs. That means you need to use multiple indicators to monitor trends in the forex market. Learning forex indicators can help you choose the perfect time to buy and sell in the forex market.

If you are interested in using forex technical indicators, you should keep in mind that you need to note the derivatives for these formulas. The data in these formulas are not direct. This is the reason you want to use multiple technical indicators because they will give you a better idea of what is going on in the market and make sure that you are reading the market correctly.

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What to Know to Select the Best Forex Program

Forex programs enable you to automatically place and end trades in the forex market without needing or having a great deal of time to put towards actually trading yourself. They have enabled millions of traders in the forex market to bring in additional income in their free time without having to do anything beyond running the program. With one third of all traders currently using this technology, there are more forex programs for sale than ever and the vast majority of those if you look at their sales letters will promise to turn you into a millionaire overnight it seems. See through the hype and look for these three quick things to get your self the best absolute forex program today.

First you've got to make sure the program has a money back guarantee with it. Not only can you try the program risk free and even open it to trade in the confines of a virtual account, but it's simply a sign of good faith on the end of the publisher and evidence to support that they stand behind their program enough to guarantee your satisfaction and that they are not some fly by night company.

It's also important to go with a more conservative trading forex program. Typically this just means getting a more recent or frequently updated program because unlike the more aggressive forex program from the past which go after any and all trades and typically have the win/lose rate to show it, the more conservative programs of today keep much higher standard before they invest any money in the market. A currency pair must meet its higher standards before it will invest anything and these programs boast the greatest winning rates altogether.

Also very important is that you consider reviews about a forex program to learn things the publishers likely don't want you to know themselves. Just as important to keep in mind, however, is that you be wary of reviews which exist only to sell something to you.

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What Are the Top Ten MetaTrader Indicator Options and How Are They Used?

If you're reading this article, then you're probably already using one or more MetaTrader indicators to augment your trading with the MetaTrader 4 or 5 terminal. Indicators have been used by technical forex traders for years to generate buy or sell signals according to specific conditions and situations that arise in the markets. The top ten most popular MetaTrader indicators for the forex market are the:

1. Relative Strength Index or RSI - this indicator is self-explanatory. It measures a currency pair's strength by comparing current prices to past prices. The indicator flags when the currency pair is overbought, going over 70, and when it's oversold, going below 30.

2. Moving Average Convergence Divergence indicator or MACD - this indicator is used by traders to confirm market trends. MACD differs from a normal moving average in that it incorporates the convergence/divergence aspect and generates buy and sell signals when there is a crossover. The indicator is also effective in signaling key trend reversals.

3. Stochastic Oscillator - this is a momentum indicator that compares the current currency rate with the historical price. It indicates an overbought condition when it exceeds 80 and an oversold condition when it drops below 20.

4. Bollinger Bands - this indicator makes use of simple or exponential moving averages to determine relative price levels and volatility that are then used to generate trading signals.

5. On Balance Volume or OBV - this volume indicator is very useful in generating a trading signal based on positive or negative volume that is determined by the previously traded forex rate.

6. Accumulation/ Distribution or A/D indicator - a momentum indicator that gauges supply and demand by discerning whether the currency is under accumulation or distribution.

7. Money Flow Index or MFI - a momentum indicator similar to the Relative Strength index, however the MFI is volume-weighted and calculated using a 14 day period. By taking volume into account the index determines positive versus negative money flow and is measured on a 0 to 100 scale.

8. Average True Range or ATR - a volatility indicator that is determined by a 14-day moving average and three values: high-low, high-close and low-close. Like most volatility indicators, ATR calculates the activity level of a currency pair and cannot predict a directional change.

9. Average Directional Index or ADX - this indicator is used to determine the strength of a trend, and it is based on oscillators that range from 0 to 100. The ADX number rarely goes over 60, with 40+ indicating a strong trend and under 20 reflecting a weak trend.

10. Williams Percent Range or %R - a momentum indicator used to determine oversold or overbought conditions in a non-trending market. It is read like a Stochastic Oscillator except that it is drawn upside-down. Readings of 0 to -20 indicate an overbought condition while -80 to -100 indicate an oversold condition.

All of the above indicators are included in the stock MetaTrader indicator list which also includes 20 more indicators you can incorporate into your custom expert advisor. Technical indicators such as these can be instrumental in generating optimum buy and sell signals in an automated trading plan and should be studied carefully before incorporating them into your overall trading strategy.

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Forex Candlestick Patterns - 3 Best Forex Patterns Based on Candlestick Indicators

Forex Candlesticks Patterns are one of the most commonly used indicators on forex charts. However when a trader starts doing more research, they come across 100's of patterns and most of them are left confused on which one is the most reliable and which ones should be discarded.

To help you with that, I am suggesting you three forex candlestick patterns that you must be aware of. Before I begin, let me mention that I am suggesting these candlestick formations on the basis of -

1. how frequently do they appear.

2. How much reliable are they and

3. How difficult or easy are they to spot.

With that said, lets go through the top 3 candlestick patterns in Forex Market -

1. Bullish and Bearish engulfing pattern - One of the most common and one of the straightforwards to identify and make trade decisions. When a significant sized bullish candle is engulfed by a long bearish candle during an uptrend, this may signify that uptrend is about to end and the downtrend may be resuming. This is bearish engulfing. This information when combined with other technical indicators, can help in making a decision regarding opening or closing of a trade.

Vice-a-versa is true for bullish engulfing forex pattern.

2. Evening and morning stars - Equally reliable, but this candlestick formation is not that common. However, when spotted, a lot of traders place trade without even waiting for a confirmation.

3. Forex Candlestick Doji - This is not a pattern, but just a single candlestick formation. However, its formation on a forex chart signifies that the existing trend is about to end and a trader should make a trading decision whether to keep the trade open or adjusting of stop losses etc. When it is seen on a daily chart, a lot of traders close their trades.

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Finding The Best Forex Broker On The Internet

As most traders and investors know, the foreign exchange market is the largest market in the world. Many individuals look to dig in to this market when they find out what great benefits this market has to offer. Some people realize returns as much as 30% a month. You then also have the wall of traders that do not educate themselves with the basic and look to make the quick riches. They also make the mistake of not picking the best forex broker for their own trading arsenal.

The best forex broker a individual could choose is one that has a good history that is available for the public to see. Once a proper broker has been found and they meet your criteria, just keep a periodic check on all your investments and stay in touch with customer service. This allows the individual to keep a good relationship with the broker service and to avoid any financially dangerous misunderstandings.

With a market that is as large as the forex market and very high returns, scams become a thing of the norm. It becomes the investors prime concern and responsibility to be aware of how there money is handled. Staying alert of their earnings and fees that are charged. One should educate themselves on how the broker system works and read all the small print (terms and conditions).

When you began your search, remember to keep a idea of the brokers that you hear negative reports about the most. Even if these brokers have a number of positive feedback but you constantly hear negative remarks, remember most of the positive remarks you find are the company itself trying to raise its image. Its your money and like in every market there is some risk. Just make to most informed and educated decision you can and prepare yourself for a strong relationship.

Another big component that most traders look for in the best forex broker is the spreads they offer. This is the difference between the bid-ask price that they offer. This is the commission they receive for marking executing your orders. As it may seem a good thing that low spreads are offered but should not be the only basis for making your decision. Other factors can come into play that make up for the broker offering lows spreads.

Your forex broker will become a long term financial partner through your forex trading success. The biggest thing you can do and get out of this article is do your research before making your decision. Remember with so much money to be made in the market, there are always those that will want to take away from others that are successful.

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Using the Best FOREX Chart Indicator to Your Advantage

Having control over your investments using the best FOREX chart indicator is essential in being successful. There are a lot of trading indicators that you can use, and not a single one will stand out above the rest. You need to use a combination of two or more trading indicators to be effective in a given circumstance and the mix of which will also vary, depending on the factors available in the current market.

Simple bar charts have long lost their popularity. But whether you believe it or not, they are still quite an effective tool, especially over the candlestick charts that present data like the daily open and close range that is already obvious.

With these four trading indicators that you can probably learn how to use in about thirty minutes each, you will be able to apply right away on your FOREX charts to plan out strategies on how to make larger profits.

1. The Stochastic - is a very powerful trade indicator. It shows you the crossovers of bullish and bearish divergence of oversold and overbought levels. It also enables you to make those precise timings when the best time to trade is available for a particular currency.

2. Relative Strength Index - shows you how high the trend can go by graphing when the RSI strengthens and weakens, so it acts as an advance warning for a move against you. Matched together in combination with the stochastic, these two make a powerful pair for establishing the proper timing in the market trend.

3. The Bollinger Bands - show you the volatile price levels of a currency. Understanding how this properly works can help you achieve how to make decent earnings in the FOREX market.

You can use pops on the outer band, close to chart resistance and support, to check profit, or create an opposing trend. If there is a strong market trend, you will be able to see dips down the centre band of the moving average. These are areas of great value that you can add more possible watches to an upcoming trend.

These are the long term investments that you do not rush into. This is where you take your time analyzing a good spot with resistance and support to make a huge slide in profit.

4. Simple Moving Averages - pertain to taking the average out of a certain period of days for analysis of long-term trends. A good basis for this sample would be between 18- to 25- day cycles.

Learn and understand these tools well and you will have the best FOREX chart indicator at your side to help you harvest in those dollars.

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Reliable Forex Analysis Using Forex Indicators

Forex is a highly volatile market where price will move up and down every single second. Because of the volatile nature of forex, traders have to be very precise and accurate in their forex analysis in order to profit from it. Therefore being able to have a reliable forex analysis can be a great help to your trading account.

In order to do a good forex analysis, you definitely requires the use of several forex indicators that can help you to decide on your entry and exit position. If you have been reading up books or have been attending seminars, you are already exposed to the various commonly used forex indicators that most traders use for their forex analysis and you would have seen how they managed to use them successfully.

However, you need to know that those examples that are used in the books and courses are usually the ideal situation demonstrated by the forex indicators. In reality, the market movement will not be as ideal as those pictures in the books or courses. This is something that made me scratch my head when I first started trading currency after reading some forex books.

The most reliable forex indicators that I have used is the 200 EMA, it is in fact voted as the most realiable forex indicators in a currency trading magazine. You can use the 200 EMA as a gauge for your forex analysis. If your price move above the 200 EMA, it most likely means that the trend is shifting upward and vice versa. Another way to know the trend lies in the steepness of the 200 EMA, the steeper it is, the stronger the trend.

Once you have identified the trend, you can make use of a type of forex indicators called oscillator like the stochastic or RSI to help you check whether the market is oversold or overbought. This can make your forex analysis more reliable as you can check for possibility of reversal. If the currency pair is oversold and the price is above the 200 EMA, there is a good chance that the price is going to move up after the retracement and the opposite is true as well.

There are so many different way you can do your forex analysis using different forex indicators. The most important is for you to come up with a trading plan and then pick different indicators that can fit into your trading plan so that you can profit from it.

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Try Free Forex Risk Free to Learn Trading

Forex trading is gaining popularity with its high earning potential. Earlier, the financial market was open only to forex brokers whereas now, its open to all. With the onset of online financial trading, more and more people are into it. Automatic forex robots helps you monitor your trades and keeps you updated of the changes in the market. They help you increase your profit potential. Whether you be a newbie or an experienced person, forex robots will be of great help. But, its difficult to choose the best forex software with so many manufactures online. It is also not practical to buy the high priced software and then test it for its efficiency. It is to face this confusion that certain manufacturers have released free forex robots.

The forex trader can test the robot for free. Do not be in the illusion that you can use this automated system for free of cost. There are conditions behind this and also you get a trial period and money back guarantee. Using this special offers, you get an account and you can trade using this account. Thus you can check if this is the right trading platform for you. The special features etc can be also tested for efficiency and analyze if it can give you the maximum profit.

Each trading platform has different trading characteristics. And the forex robots are designed differently. Choosing the forex system according to your need is the task here. Choosing the best software will give you the best result. It is not practical to go about testing all free forex robots available online. So before even choosing the free software, research for the top forex software available online. You will have to understand your forex trading needs and search for reviews which have your needs addressed. Real people testimonials also help in a great way. You can even ask opinion from experts in this field, who can give guidance about the best suited software for your trading purpose. If you simply do not want to do any research, but want a good automated forex system, then search the web for the top forex software and then go on for a free trial of it. Its simply as easy as that.

Look out for scam forex software which are not so clear on the security end and also have no good logical codes. A wrong choice of forex system could end you up in trouble. So make sure you have done all the back end research before choosing the forex robot.

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Trading Forex With Trend Line Indicators

Trend Lines are the most powerful technical analysis tools. They allow you to gauge the trends direction, identify potential reversal levels and enter trades with low risk and high reward. In this article, you will learn how to use trend lines indicators in FOREX trading.

Trend lines are a basically a dynamic support or resistance level. Unlike horizontal levels which are a static level, the trend line is a level that advances with time. The trendline can be either ascending trendline or descending trendline.

There are two main methods of trading trend lines.

Method 1: Bounce

The core of this trading method is that support or resistance are a psychological barrier that price does not break easily. Traders that are trading the bounce wait for price to touch a support or resistance trendline, and to begin a reversal. They then join the new trend, entering in the direction of the reversal.

This method has two main advantages: the first one is that the trading signal behind the trade is based on support and resistance and therefore is strong and reliable. The second advantage is that the trade is taken close to the level, which means that the stop loss is very tight and risk:reward is good.

Method 2: Pullback

The pullback method is slightly different, though it is also based on support and resistance. The basis of the pullback method is waiting for price to break the trend line and then retrace back. Then, traders enter trade in the direction of the breakout.

This method is more reliable than the bounce method as the trader enters trade after a breakout has been validated, and therefore has the trend on his side. However, these trades are much less frequent and therefore it is hard to base your entire trading methodology on this method alone.

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Free Forex Buy and Sell Indicator Download

Are you looking for a free Forex buy and sell indicator? Using a Forex indicator takes the guesswork out of Forex trading. It is a very useful tool for keeping track of daily price rises and falls in the Forex market.

Now the question is: where can you find a free Forex buy and sell indicator? I have done quite a bit of searching myself for a free indicator. However, I was not able to find a clean piece of software anywhere. Typically the sites offering a "free" Forex indicator were either collecting email address for spamming inboxes, or the software they let you download are infected with malicious spyware or adware.

After doing quite a bit of research and find nothing suitable, I realized that it isn't worth it to trust my investments with a free buy and sell indicator. If you are an individual that trades actively in foreign currencies, you should think about it yourself. I then began researching the paid solutions. There are quite a bit of paid systems out there. The best system I found is called the Forex Tracer. It's absolutely brilliant. This system not only produces buy and sell indicators, it also does automated trading. So you technically don't have to do any physical trading yourself.

The Forex Tracer comes with a demo account so that you can observe the decisions the system makes along with the buy and sell indicators. I tested this system out on the demo account for one month and gained my confidence in it. The best part about this software is that once you are ready to trade and open an account, you receive a $100 credit.

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Forex Robots Real Time Results - The Best in Terms of Verified Results

If you are buying a Forex robot, you need to make sure its made real dollars in the market and you also need to ensure, that these figures are verified by a neutral source. Never take the word of the vendor - there selling the system! Here we will look at the Turtle Forex robot's real time results which show its made millions in real time trading, lets look at the robot in more detail.

Most Forex robots are designed by programmers not traders. Check out most and you can never find any background to where they worked and what they achieved in reputable sources. The Turtle Forex robot is different, its based on rules devised by a true trading legend Richard Dennis and the results these rules produced, piled up hundreds of millions of dollars in the most famous trading experiment of all time.

Most robots simulate results going backwards over past data or they produce live results from themselves which are not actually real time and they come from them so should be treated with caution. Richard Dennis devised the turtle rules and they were used one of the most famous trading experiments of all time. He gave the rules to a group of novice traders, explained how and why they worked and set them up with funded trading accounts. They traded and the rest is history, as they made several hundred million dollars in real time trading.

Dennis had set out to prove, anyone could make money with the right rules and confidence in them and he was of course proved right. The experiment was featured heavily in the international press, the figures were audited and the story featured in Market Wizards, one of the best selling trading books of all time.

These rules are now available in the net Turtle Forex trading robot and allow users to target triple digit gains taking just 2% risk per trade. You can read the logic of how and why the system works before buying it and see the exact rules its based on to give you confidence in its ability to make you money.

There are a huge number of robots on sale but most rely on hype to sell them and they have no verified results but the Turtle robot does and its based on rules of a real trader. Take a look at it for yourself and see, how it can help you enjoy long term Forex trading success.

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Make Money Using FOREX Indicators

Indicators are the most used form of technical tools in the field of FOREX Trading. In this article I will describe the most profitable and effective methods of using indicators in your trading.

Key Element 1: Chart Patterns Confirmation

One of the best ways of profiting with indicators is to cross verify them with chart patterns. Chart patterns is the oldest idea of technical analysis, whose roots trace back to the beginning of 20th century. Confirming your indicator signals with chart patterns can enhance your winning percentage greatly, and provide you with more profitable entries. Spotting a breakout and confirming with an trending indicator can get you on a big trend, and filter range periods which result in many whipsaws.

Key Element 2: Larger Time Frame Confirmation

Another way to increase your profits is to cross-verify your trades with signals from a larger timeframe. Exactly like your signal on 15M chart can be a losing one if faced with an opposite signal from the 1 Hour chart, your trades can have explosive accuracy if confirmed with signals of the same direction, in higher timeframes. This way you are flowing against with the bigger waves of the market, and have a bigger chance of success.

Key Element 3: Combine With Existing Trading System

A trader can combine indicators to an already-successfull trading system, to make it even more profitable and reduce its drawdown. Sometimes a single indicator can create an amazing positive change in the system's performance. It is important that the indicator has strong logic and a reason to combine in the system. A range filter would be very helpful to a trend-following system, while another lagging indicator can be correlative and useless. Experiment with several indicator to find the winning combination.

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Forex Charts - Essential Indicators For Bigger Forex Profits

If you want to use forex technical analysis, then you will need to look at forex charts to decide where to execute your trading signals.

You will of course need to combine indicators to do this - Here we will give you some essential ones, to help you achieve currency trading success.

Before we look at how to use forex charts correctly, lets make two things clear.

1. Day trading

Do not even try and attempt it. The time frame is to short and all volatility is random, so you have no valid data and will lose. Day trading profits is one of the biggest myths of forex trading - Don't fall for it.

2. You can't predict market turns in advance

Forget the far out investment theories like Elliot wave, Fibonacci numbers, cycles etc that are supposed to repeat with scientific accuracy - they don't. If they did everyone would know the price in advance - so there would be no market.

Right lets move on and look at forex charts and how to get trading signals for longer term profits.

Determining the trend

You have a choice trend lines or moving averages.

The former are better, as you have more precise levels but there is no harm in using moving averages as back up.

Your main aim is to determine support and resistance levels and decide if they are going to break or hold.

Determining Price Momentum

You need to ALWAYS trade in the direction of price momentum. An accelerating price momentum through resistance for example would favour the bulls; if price momentum drops it favours the bears.

There are two essential indicators you can use and if you don't know what they are learn them - the stochastic AND Relative Strength Index ( RSI) - these are simply great indicators for helping you enter trades and take profits.

Determining Volatility

You need to know about volatility from the point of view of warning pf price reversals and determining targets and there is no better tool than the Bollinger band.

This indicator should NOT be used to generate trading signals but as a warning of trend change coming, or in determining targets there is no better tool.

Using trend lines to determine areas of support and resistance combined with momentum indicators to time entry and exit levels is all you need.

These are objective tools that tell you what to do - Ignore ANY Technical tool that means you have to make subjective judgements i.e Elliot wave or cycles -they will simply see you lose.

The indicators above are essential tools and if you learn about them and combine them, you will have a simple robust method t trend follow or swing trade and ALWAYS trade with the odds in your favour.

If you remember the above in relation to your forex charts, you can achieve longer term currency trading success.

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Where to Find the Best Free Forex Indicators

Knowing where to look for free Forex indicators is important to your Forex trading success. As you might imagine all indicators are not created equal. I'm not only to share with you or to find free Forex indicators that at the end of this article I'm going to show you how to grab access to the high-quality free Forex trading system.

Most people seek out free indicators not only to learn to trade Forex, but to help them generate signals so that they can trade successfully. In most cases these indicators are best used as a learning tool. It's best to simply learn from this tool rather than to immediately start using it to trade Forex with real money.

One of the first places that you'll find Forex indicators will be with your Forex broker. Usually your brokers trading platform will come with charting functions as well. Every charting package that I've ever seen already includes free indicators. If you have not officially opened up your Forex account yet you should still be able to get these items on a trial basis using a Forex demo account.

Free Forex indicators can also be found on many of the available Forex forums. In these online trading communities indicators are often shared amongst it's users. This is great because it allows new traders to benefit from the experience of more seasoned traders.

By reading this article you have demonstrated that you are serious about making money in the Forex market. I promised you at the beginning of this article that I was going to share something very valuable with you. Here are the details as promised.

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Forex Trading - Combining Internal and External Indicators for Bigger Profits

If you are involved in forex trading, you obviously need to generate forex trading signals for profit and you will be able to make bigger profits and achieve long term currency trading success, if you combine a visual view and then trade off shifts in price momentum, so let's look at how to do this.

A Visual view

Be objective! The right price is the market price and you can see this clearly by using trend lines. There is no better way to spot areas of support and resistance to trade than to use trend lines.

Many traders however like to use subjective indictors to do this like cycles and Elliot wave but these require you to decide where support and resistance lies.

Why bother?

Drawing trend lines and looking at support and resistance gives you the reality and objective areas you can trade against.

You can use other indicators such as moving averages and Bollinger bands, but you need to start with trend lines and use these as back up.

Furthermore avoid Fibonacci retracments, they are simply assumed levels and they break at least as often as they hold.

An internal view.

As we have discussed above, good old fashioned trend lines will give you the reality of price and important support and resistance levels clearly right in front your eyes.

You now need to calculate the odds of success of trading into these levels.

You will need some momentum indicators to do this - these will tell you the strength of price movement up or down and help you calculate the odds of success.

For example if price momentum weakens into resistance chances are it will hold if it increases on a break of resistance chances are the trend will continue.

There are two great price momentum indicators that any novice can use effectively:

The relative strength Index (RSI)

Developed by trading legend Wells Wilder (if you have not read new concepts in technical trading get a copy) its over 25 years old but a classic work and this is a classic powerful indicator.

The stochastic indicator

Developed by George Lane, this is one of the best momentum indicators if not the best, you can use.

There easy to use in forex trading and are covered in our other articles in more detail.

Trading is an odds game!

Trading is an odds game and for this you need to see the reality of price as it is and then get the odds in your favour by watching shifts in price momentum.

It is the shifts in price momentum you can use to execute your trading signals and get the odds in your favour.

If you follow the above tips and get both an external visual view and combine this with price momentum, you will have the basis of a powerful currency trading system.

Furthermore, you will be using objective analysis and trading on the facts, rather than using subjective analysis, which means you have to predict, which by its very nature is doomed to failure.

Follow the above tips and they will help you get the odds in your favour when trading forex and lead you to currency trading success.

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Best Forex Training Period

Are you looking to get ahead on the market and finally start making some money? There really is only ONE best way and that is through a good, reliable Forex trading software program. We can sit here and discuss all the different formations such as: Head and shoulders or cat in the blah blah blah... it honestly will not do anything for you but lose your trading capital in record time. I have found that technical analysis will help if two things are in place:

1. Use technical analysis so that the trading indicators are used in a complimentary fashion. This basically means that you do not need two of the same type of trading indicators telling you the same thing. You want trading indicators that will describe lagging, predictive or other type of information that will inform you so that you can have confidence getting in and out of a trade. I personally prefer to use the 200 day moving average and the Relative Strength Indicator (RSI).

2. Most importantly, you should never use technical analysis alone; it should be supported so that a reliable trading software program compliments it. This is the stuff that trading champions are made of. So, from one experienced trader to another Forex trader, if you are looking for the best Forex training period then I would get your hands on a good reliable Forex trading software (I have included an objective review at the bottom of the page, the link can be found just below) and brush up on a few technical indicators to go along with it.

I am sure that this simple and straight up approach will be the best Forex training period!

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Forex Robot the Best in the Market

In recent years, forex trading has seen revolutionary developments. Opening up of the forex market to the retail investors has been a revolutionary change. Previously forex trading was the domain of big players like the banks, multinational corporations, institutional investors and the hedge funds. But the development of the retail forex market has totally changed everything. Now any small investors from anywhere in the world can trade forex online. There are so many options available to a retail investor now! A retail investor can open a standard account, a mini account and even a micro account with a host of other options.

Another development that has revolutionized the forex market is the introduction of a forex robot also known as an Expert Advisor (EA). Previously these type of automated trading systems were very expensive. Only big players could afford them. But in recent years, a number of very good forex robots have hit the market and many are priced in the range of $100-$300 making them affordable to ordinary investors. Forex trading via these automated robots has become very popular in the forex industry in the past few years! There are now hundreds of robots flooding the market.

So what is a forex robot. A robot in simple terms is a computer programme that you install on your MetaTrader platform. This software monitors the market constantly, opening and closing the trades when the conditions are right. This makes trading almost automatic. Installing a robot is very easy. It does not take more than 10-15 minutes. Once you have done it, it is all set to start trading automatically.

You can test the performance of a robot on your demo account. Most of these EAs come with a 60 days money back guarantee. This makes everything risk free for you. Almost every month a new forex robot is being introduced to the market. This show that forex robot development has become a serious business. Which is the best forex robot in the market?

The Best Forex Robot

The best forex robot in the market right now is FAP Turbo. FAP turbo has been giving a good performance since it was launched in the last months of 2008. It is being updated every month by its developers to keep it in line with the changing underlying market conditions.

Second EA that is equally good is Ivy Bot. As the name suggests, it has been developed by former students of Ivy League Universities. The third robot that has been giving good performance since its launch in April 2009, is Forex MegaDroid. It uses a revolutionary new technology known as RCTPA. RCTPA allows this EA to see ahead the market conditions in the next few hours and change accordingly.

Last month a new EA known as Forex Rebellion hit the market. It's beta testing results are excellent. Russ Horn is it's developer and it seems this might be the best forex robot of 2009. Recently a Forex Robot World Cup was announced. Official sponsors of this World Cup are FXCM and Boston Technologies. The purpose of this World Cup is to select the best of the best in an open and a transparent manner. The winner robot developer will get a cash prize of $100,000. This World Cup will provide a list of the best of the best EAs in the market that have been thoroughly tested under challenging conditions.

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Best Forex Trading Indicators - 4 of the Best For Bigger FX Profits

There are lots of Forex indicators to choose from but here I will look at five that all traders should know about and if they are used correctly, they can enhance your profit potential lets take a look at them.

These indicators all complement each other and can be used in the same strategy. You can learn them in around an hour each, their visual and if combined with normal bar charts come together to give you a flexible and powerful way to trade. Lets look at our best Forex trading indicators for bigger profits.

Bollinger Bands

This indicator, doesn't generate trading signals but it gives you a view of volatility and all traders need to know and understand how volatility affects price.

A very simple effective way to use it is to use the mid band or 20 day moving average, as a simple way to get into existing trends.

Look to buy currencies in moves back to the mid band in a bull market and sell them, in a bear market - Simple? Yes but look at a chart and you will see how effective it is.

The Relative Strength Index

Developed by trading legend Wells Wilder, this indicator can give you advance warning of trend changes watch for the RSI to turn against the direction of the trend in overbought areas in bull markets and oversold areas, in bear markets to take profits or to enter contrary trades.

The Stochastic

The stochastic is the ultimate indicator for entering trades in our view, simply look for stochastic crossovers from overbought or oversold levels in bull or bear markets to enter trades, in the direction of the crossover and enter your trading signals.

Its the ultimate timing indicator and one, all traders should learn to use.

Average Directional Movement

Another Wells Wilder indicator and it's used, to determine whether a market is trending or not but its best use is, as a profit taking signal in strong trends.

Simply look for the ADX line to rise above 40 and turn down, to take profits and look for contrary trading opportunities.

These 4 Indicators can help you enter new trends, trends in motion with the best risk to reward and also give you advance warning of major contrary trends and if you use them, in conjunction with your bar charts, you will be soon making bigger profits with some of the best Forex trading indicators.

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How To Find Profitable Forex Indicators

Foreign exchange trading is a risky business. It takes careful analysis and decision-making. Among the many tools to help a trader in his analysis would be the usage of something visual, something that he can see. These tools will help in increasing the chances of having bigger returns. One such tool is Meta Trader 4. Meta Trader indicators are foreign exchange guides. All metatrader indicators can be used for formulizing trading strategies. Some examples are general purpose indicators, divergence indicators, statistical, and free indicator. Divergence is frequently considered the top indicator. Divergence is the movement of price in relation to other indicators like MACD, CCI, Stochastic, and the likes. Regular divergence could mean getting higher highs or lower lows of price but the indicators are showing otherwise.

With Metatrader 4 (MT4), security is highly prioritized. It is user friendly and provides features customized for beginner traders. There is no need to be too highly technical to learn forex trading because the tool can be easily understood. It also has a feature to update the trader with any market changes. It can also handle multiple currency inquiries at the same time, perfect for training needs especially of non-English users.

For someone new to trading, MT4 and MT5 may be just a combination of letters and numbers. In simpler terms, MT5 is the upgrade of MT4. MT or Metatrader is the platform that supports the tools needed for foreign exchange trading. MT5 is currently in beta version and promises to produce better results than MT4 indicators. You will know more about the other indicators by visiting trading sites online like Forex Indicators.

One example, aesthetic-wise, the interface is quite the same except that icons and spacing has been elaborated, to address the MT4 issue of too compacted icons and space. This, however, doesn't have much help to expert traders, especially those who do not really care about how the charts look, but what the charts indicate.

Another is that the charts are mostly the same as that of MT4. MT5 however, supports more timeframes, for example, 2-minute chart or an 8-hour chart. These options are now default options unlike in MT4 where users would need to customize the settings to achieve such charts.

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How to Pick the Best Forex Trading System That Will Make You Big Profits Quickly and Safely

Looking for the best forex trading system out in the market? There will be a whole lot available for you to use. But you also need to practice a bit of caution as you begin your selection process. There will be some that would claim to be the best and provide you with what ever you need as well as help you gain profit. But may live you empty an empty hand in the end.

There are several reasons why you need to adopt the best forex system. What's in it for you?

If designed well, it can save you a lot of time. So make sure that you test your system. You don't want to end up at the loosing end just to find out that your trading system is not working the way you want it to.

There is no physical location where transactions are done. Most of the transactions are done electronically and there is no better way than to do it online using the internet. Foreign Exchange is different from playing the stocks or future trading. It deals with a lot of analytics that it's best to use a computer.

Having the best forex trading system helps simplify the complex characteristics of the market. If designed well enough, it can provide you with helpful information that can increase you profit. At the same time, it can provide you with trends that can assist you with decisions to make as you do trading.

Now that you know some of the advantages, here are some characteristics or features that can help guide you in finding the best forex investing system.

There really isn't a perfect trading system. So if you have been in the trading for a certain period of time and have good grasp of trading, you may also consider creating your own system. In this manner, you'll never the different curves your system does and the design it the way you want it to. That would be the best forex trading system for you.

But we know that developing your own system takes time and expertise so just in case you want someone else do it for you. You will want trading systems that of course provide you what you need. You need to make sure that it can provide reliable information. In this line of business, you need real time data and accuracy of information..

Make sure to be knowledgeable about the system. Identify it gives you everything you need at the same time; test the features to get a feel of what the system can do for you. It is highly advised that the provider has free trial. You can get a chance to text it and study it's capabilities as well as extra features.

Which ever trading system you, just make sure it's the best forex trading system that will work towards your advantage.

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FOREX Robots Come With a Free FOREX Buy and Sell Indicator

Having a free FOREX buy and sell indicator is very helpful, especially if you can have it integrated into your trading system. The nice thing about this is that FOREX robots are equipped with a feature that aids you in accurately pinpointing the proper time for buying and selling currencies.

A FOREX autopilot system is essentially a software program that can do all the trading in the foreign exchange market for you. It is a system that uses the Fibonacci rule as a basis for all its computations. What it can do is that it analyzes the best available trends in the current market and do the buying and selling for you with the least possible risk on your side. This means that the system can go on by itself without the need of human intervention.

This is very convenient for newcomers to the trade, wherein you do not need the help of a computer genius or a seasoned financial trader to make these currency trades for you. The system has been thoroughly designed by experts in the field and with years of experience to bring you this FOREX trading system in the convenience of your own home.

Another feature you will find with FOREX robots is you can indicate when to double stocks when you enter and exit a trade. This is a subscription into a system that lets you know exactly when to purchase and sell off different currencies. The drawback here, however, is that this option needs you to make decisions manually.

There are many independent software programs out there that will offer you these indicators and they are just as effective. But having a free FOREX buy and sell indicator incorporated into your system has a better advantage as well as it being an add-on feature to the main package.

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Forex Trading Robots - Best Trading Forex Robot That Earns Profit

Are you trying to figure out if you should buy a Forex trading robot, or just learn the Forex market and not depend on automatic robots?

Believe it or not, it's possible to do both, and to be highly profitable with both. Rome was not built with a day - and that's the truth, however; you can have an automated assistant to help you build that Forex wealth empire, so you will not struggle with it too badly.

As said before, both are important, but you need to find the best Forex robot if you are trying to trade auto-pilot.

Characteristics of the Best Forex

What are the characteristics of the absolute best Forex traders? Believe it or not, there are big differences that spark up between various Forex systems - so why not start today?

Here are some characteristics?

The best Forex systems will always give you the ability to backtest. They will give you the ability to demo trades without actually risking money. The best systems actually have better "live tests" than simple backtests, which make them better.

They under promise, and they over deliver - that's the type of system that you want; so that you can experience expected results on a consistent basis.

Also, the best systems are also programmed with the absolute best Forex indicators that will help you profit on the marketplace.

Many people say it's complete B.S that Forex systems are able to predict the future with events from the past. To be honest - that can not be anymore false, because even the expert traders use complex charts, Forex indicators, and tons of other tools that spot trends in the past to give you more profit in the future.

So why not have a machine that can do it for you; all you have to do is entrust it with some money - it does not have to be too much money, and you can have it trade for you, using these "complex Forex indicators" in your favor.

Why not start today ,create auto-pilot income on a market in which trillions of dollars are traded every single day Monday through Friday (markets close on Saturday). Start today, whether sleep or awake, and you can make money - the lazy way!

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Finding the Best Free Forex Robot

A system that has increased its popularity worldwide because of its easy ability to make money is the automated Forex system. This system helps you to choose when to buy or sell trades. With tons of systems available, it's easy to test a free Forex robot. A lot of these you can test free of charge before even having to make a commitment to them.

If you are genuinely interested in starting to get involved in the Forex trading market, then before you buy it you can opt to try a free Forex robot. In order to try the Forex system, you will need to pay a small fee in some cases as a trial period. Once that period expires you can then opt to purchase their program. The beauty in this is that you get a chance to test out their signals and see if it's actually going to work. Though you will need to pay a fee to try the system, you will be able to find out if the Forex system of trading works for you.

Depending on what the market conditions are the Forex robot that you choose will work differently, therefore you need to test various systems to see which one outperforms all the rest. There are different software packages that you can buy for your system that will help you through the processes needed to be successful.

When researching which Forex trading systems to buy make sure to research the product name and review what others are saying about that particular program or expert advisor. This way you'll have a strong understanding as to which programs you will need to test for yourself before diving in head first. The best thing you can do is to start your research now on free Forex robots and begin testing various systems until you find one that's the right fit for you.

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Best Forex Trading Indicators - 4 of the Best Indicators For Bigger Profits

Many traders use numerous indicators - but over the last 22 years I have four favourites and I will share with you here and they have worked for me and they will work for you. Let's look at them...

Today, good old bar charts have gone out of fashion but I think their essential and use them in conjunction with the indicators below. I don't use candlestick charts, there is a big myth there better but there not. If you like using them, then do so but the relationship between the daily range open and close is obvious.

Here are the four indicators and you can read more about them in our other articles. There available on most free chart services and will take you around 30 minutes each to learn and then, your all set to start using them on your forex chart and start making bigger profits.

1. The Stochastic

For me this is the ultimate timing tool.

Trading stochastic crossovers with bullish or bearish divergence, into chart resistance or support, from overbought or oversold levels, is simply the best market timing tool. If the stochastic crosses from chart highs or lows the signal is even more powerful.

2. Relative Strength Index

This gives you the strength of the trend and when RSI weakens or strengthens, when the trend is still up or down, especially from over bought or oversold levels, you have advance warning of a contrary move.

When combined with the stochastic, you have a great combo for better market timing.

3. The Bollinger Band

Gives you the volatility of price and you simply need to understand it to make money at forex trading.

I love using pops to the outer band, near chart support and resistance, to look to take profit or, initiate a contrary trend. Also in a strong trending market, dips back to the centre band ( the moving average) are great value areas to look to add extra positions in a strong existing trend.

You don't time with them - you look for areas in line with support and resistance to trade into.

4. Moving Averages

Simple moving averages are great and I have just mentioned the mid band of the Bollinger band, which is in fact a simple moving average, to buy and sell back to in existing trends.

In strong trends dips to the 18 - 25 day moving average are a great place to load in new trades.

Another excellent time period is the 40 day moving average which acts as the last line in a strong trend with nearby support or resistance. In strong trending moves we like to trail our stop behind this level and it keeps us in the long term trends.

When trading with the above and support and resistance lines you will get market timing for your trading signals.

There are some other useful technical indicators and we like the ADX line and the MACD too - but the above are the four we use all the time. If you spend 30 minutes on each one you will soon have four powerful indicators that you can use in your own forex trading strategy, to seek currency trading success with.

Check them out, they're simple, powerful and can work for you too with a little practice.

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