Traders friend - forex trading strategy books

Traders friend ~ forex trading strategy books

So you wanna get paid???? Well Forex is a great way to do it. This site is to try to give you some insight, so that you can avoid many of the pitfalls new traders encounter when they begin trading.

There are two really good ways to learn how to trade.

#1 You can go broke, like I did, or

#2 Learn from someone who knows how.

When you go broke trading, you do one or two things, quit or learn to trade, which is what I did.

When you fall in love with trading, you will find it is as addictive as a drug, but failing in the market repeatedly makes you feel like you are going to die.

Not to worry, you can learn to trade successfully.

#1 You must be disciplined,

#2 You must be patient

#3 You must K.I.S.S. (Keep it simple Sexy)

Trading isnt hard, just tricky, It is tricky because Trading goes against all of your logic and instincts, and makes no common sense, but not to worry, it can be almost mastered, I say almost because there are no fool proof systems of success in the market, all you can do is put the odds in your favor as much as possible.

While I am tempted to tell you everything in this introduction, we will go slowly.

Ok, I cant help it. Just a little advice along the lines of "trading isnt hard, just tricky";


The market never makes common sense to your mind or emotions, which keeps
you thrown off. Wait until you can clearly see an opportunity where you truly have
the odds in your favor and it may only happen twice a day, if that. This is physiological
warfare, a total mindfield(mind game) in which you have to have nerves of steal
and the ability to outwit those who make their living trading against you.

Thank you for visiting, please check back for lessons that can help you trade better.

If you have any Questions, please feel free to write to me at •*¨¨*•-:¦:-•* -

Tradersfriend@yahoo.com.

I will do my best to help

Get 10 Trading Lessons FREE Click Here


This blog is not in anyway an enticement or solicitation to trade in the Forex Market. These tips are for informational purposes only and are not to be substituted for legal advice or council. I have written this blog in hopes that it will help you to avoid some of the terrifying pitfalls I had in the Forex Market before I learned better.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you need for living expenses and cannot afford to lose.




More info for Traders friend ~ forex trading strategy books:

Read More..

Getting the Heads Up for Options Trading Indicators - forex trading 8 hour charts

Getting the Heads Up for Options Trading Indicators ~ forex trading 8 hour charts

Prior to making things happen and making them big, all that you have to firstly deal with is that of familiarizing yourself with as well as identifying the options trading indicators. This course of action is as essential as learning your ABC. 

Your ignorance to the jargons as well as with the indicators will only mean that you are pushing your luck way too far from you. As it goes, the more knowledgeable you are, the better chances you can have in your hands. There are generally six of the most vital trading indicators that you must get educated with. These are by and large the signals that you have to look for before you can execute any action. Consider them at all times and you will be guided towards the right path in maneuvering your endeavor towards success. 

Below is the outline of the pertinent options trading indicators which are likely to be used by an enthusiast like you. Get to know them fully so that you will be assured that your every decision is based on a formal, tried and tested chart.

Moving Averages. 

This refers to the trend lines that show the particular direction to which the trend is leaning towards. This applies best to those who prefer to work in the trading market for a long span of time. Remember though that this must not be relied on alone. It has to be mixed up with other useful indicators to get more positive results.

Bollinger Bands. 

Weaknesses are also part of the trend in the trading market. Hence, this is a tool that will help you out in recognizing the volatility of the market itself. Again, this has to be used alongside with the other indicators since it merely acts as a tool that expresses the possibilities of your opportunity.

Net Trader Positions. 

This is yet regarded as among the greatest tools to use. It looks up for the contrary trades and is worked out by the CFTC on a bi-weekly time frame. Currency markets are also well served by this tool apart from spotting the opportunities in the future markets. With this guide, you are on your way to foreseeing the major trends. 

Stochastic. 

This has been developed by none other than George Lane. He therefore concluded that in the uptrend, the prices are more possible to close within the range of their higher scale. However, in the case of a downtrend market, the prices are more probable to get closer to their lower scale. This is so far the best indicator to be used in conducting trades and generating profits.

Relative Strength Index. 

Otherwise known as RSI, it gauges the strength of the price as compared to the past condition of the market. It furthermore provides you with a clear idea as to how strong the market can become in the future.

Average Directional Movement. 

Also termed as ADX, this indicator is aimed at calculating the trends strength as well as the possible attempts that will gauge if the market is doing well or not. This can also help you determine the strongest trends and provide you with warnings should there be contrary trades or danger in your profit.

There you go with the relevant options trading indicators. Be sure to use them wisely if you want to hit success.

More info for Getting the Heads Up for Options Trading Indicators ~ forex trading 8 hour charts:

Read More..

Forex trading strategies revealed that work for beginners - forex trading secrets book

Forex trading strategies revealed that work for beginners ~ forex trading secrets book

above is a forex chart,,, Now forex charts are a way to display and analyses data between 2 currencies and their fluctuations in value when trading.... We can easily see the past on the chart... when looking for a Forex trading strategy u never wanna lose

So the first Forex trading strategy involves buying both currencies on the chart equal to each other at the same time,,, Then to have a forex robot never sell until u win,,, then just sell the winning currency side and keep the rest and hold until a win to come next based on your analysis... the losing side is bound to  change in value and increase... this process breaks and divides ur trading strategy here... ur aiming to win both sides divided from when u bought and its too easy if ur patient.

Next is the divergence trading strategy based on the chart,,, to buy in a gull ow slope in currencies value and sell as it goes upward. Or to buy one currency thats up and sell when its up even more than before,, this summarizes the game in 2 different Forex trading techniques.

Preferably to buy currencies when there weak and optimize profits when there up in value is my game in the gull ow,, sometimes its profitable to optimize ur currency selling options with one currency relative to one another in more than just a two pair system.. However we will be updating this page on a technical analysis game never seen before like bitcoin almost like a fx xoin guranteed winning research project in currencies,, hope to see u back soon

More info for Forex trading strategies revealed that work for beginners ~ forex trading secrets book:

Read More..

Forex Technical Indicators Revealed - forex trading four hour chart

Forex Technical Indicators Revealed ~ forex trading four hour chart

The forex market is said to be one of the largest places known to the business people. Trading has become a part of mans life since time immemorial. Needless to say, it is an opportunity that provides better earnings in relation to the released investment. Hence, it is an endeavor which requires you to gain an in-depth knowledge regarding the types of technical indicators that basically prove to be really useful. By combining two or more of them, you increase the probability of obtaining a full knowledge of the steps which you need to take on as you continue with the opportunity of earning a generous profit.

Technical Indicators and their Advantage

Many of the traders are encouraged to make use of the technical indicators. Even more, the pros still trust them. How much more for a beginner like you? They are the mathematical formulas that govern the respective indicators. Studies reveal that they are very accurate too only that they dont really come up with a complete analysis. What these tools can do is to show you the tendencies in the market.

Your mere presence in the stock market suggests that you have a perfect goal and that is to earn money and generate a great deal of profit. You should not forget though that the market is volatile. Meaning, its instability paves way to a number of changes that may occur at any time. Thus, these indicators are the perfect tools that can tell you as to whether it is good enough to buy or sell commodities or securities.

As you opt to utilize the indicators, it is likewise very pertinent to remember that many of the formulas include jotting down the derivatives. This goes to show that the data is not obviously direct. That is why it is often helpful to consult more than one indicator to be able to draw a clearer picture. After all, it will never hurt to check out the accuracy of your conclusion.

Four Basic Classifications of Technical Indicators

Whether you prefer to trade forex, stocks, or other commodities, it pays off to think about obtaining a solid foundation that may serve as your guide. Again, it is very significant to pick out those which you know are already proven to work and those that you can comfortably use.

The trend indicators. Moving averages, Parabolic SAR, and MACD are just some of those that make up this group. By looking into the movement of the trends, you can decide on the level at which you can start trading.

The momentum indicators. These are considered to be the oscillating indicators and are most clear-cut in pinpointing the overbought as well as the oversold positions. Similarly, they show the signals for any new trend. Stochastics, RSI, and CCI are just some of those momentum trend indicators.

The volume indicators. The name itself tells you that the price movement is very much dependent on the volumes of the trades. Generally, the price movement which is rooted from a high volume gathers a fairly stronger signal compared to one which is inspired by the low volume. Examples of which include the force index, money flow index, ease of movement, Chaikin money flow, and many others.

The volatility indicators. They normally look into the ranges that define the volume that lies beneath the movements and the price behavior. The common examples include the average true range, Bollinger bands, and the envelopes.

There you go with the four groups of technical indicators that will steer you as you work on achieving the best of the profits from the forex market.

More info for Forex Technical Indicators Revealed ~ forex trading four hour chart:

Read More..