Buy Forex System ~ advice on forex trading
FOREX INDICATOR SYSTEM COLLECTION
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Minggu, 24 April 2016
Sabtu, 09 April 2016
How to make perfect entry point on Forex ~ forex trading tax philippines
If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don’t get me wrong on this one it is not that you need to change it, but you need to focus more on last candles, you are to concentrated on overall picture.
Anyway if you find yourself doing such trades then do not worry, this is easy to handle I had the same issue when I started trading.
Let’s break it down.
First of all your chart interpretations are ok. You make good trades but to early. So next time try this simple strategy.
After selection of new trade, find smaller trend in opposite direction and wait for reversal, when you will be sure that smaller trend is reversed make your trade. Sure you will loose some pips by getting late in to trend, but trust me there is no better point of entering the trade.
But what is the trend reversal confirmation?
Basically it is when you have more evidences that trend is reversed I won’t talk more about it now because this is covered in my other article, besides you probably have some techniques to determine trend reversal on Forex.
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Sabtu, 02 April 2016
ProForex Blog Awarded! ~ forex trading pay tax
I am happy to announce you that my blog was chosen as one of the top 25 forex blogs on the net! Here is the permalink to the site that awarded my blog www.forexreader.com
My blog is placed as number 12 i think it is reasonable position as it wasnt often updated besides blogs that higher then i am, are the ones that i have learned from, so i advice you to check them out.
What else can i say? This award motivated me to continue this blog with even more interesting forex informations. I will soon write very interesting article on entering and exiting trades. I have got new trading strategy that produces steady results for USD/JPY it will be also published soon.
I will also write some articles on Automated Trading with MetaTrader, i will mainly focus on script and ExpertAdvisors, because as you already know i do not really use indicators. More over i will try to show you how to detect patterns on charts and translate thse patterns into ExpertAdvisor code.
I was also thinking of buying domain and placing there my best articles, it would be good to have those articles available within a click of a mouse, dont you think?
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Kamis, 17 Maret 2016
Currency Strategists Deutsche Bank Says to Buy Yen on BOJ Move ~ forex trading secrets amazon
June 12 (Bloomberg) -- The yen will rise to its strongest since January 2005 in the next six months on prospects the Bank of Japan will boost borrowing costs at a faster pace than the Federal Reserve, according to Deutsche Bank AG.
The yen has gained 3.3 percent against the dollar this year on speculation the BOJ will lift its benchmark rate from near zero percent, while speculation is building the Fed is close to the end of its cycle of rate increases. Japans central bank cut overnight rates to zero in 2001 to combat deflation.
``The Fed is going to be on hold while the BOJ will continue to hike throughout the year, said Jens Nystedt, a currency strategist in New York at Deutsche, in a phone interview on June 9. ``The interest-rate differential going forward is going to favor the yen. I certainly want to be long, or buying the yen, he said.
From 113.97 per dollar at 5:27 p.m. in New York on June 9, the yen will rally to 102 per dollar by year-end, Nystedt predicts. It would be the strongest since 101.68 yen on Jan. 17, 2005. The yen reached an eight-month high of 109 yen on May 17.
Frankfurt-based Deutsche is the largest currency trader, according to an annual survey by Euromoney magazine.
Nystedt predicted the BOJ will boost its benchmark rate starting in July by a total of 0.75 percentage point by year-end. The Fed will lift its target a 17th straight time by a quarter- percentage point to 5.25 percent at its June 28-29 meeting and then pause, he said. The U.S. benchmark rate will only exceed Japans by 4.5 percent by year-end, he said.
Read more here.
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