Archive for September, 2009

Do you want a Forex trading strategy that works, is easy to understand can be mastered in a few weeks, can get you in all the best trends and profits , be learned in a week or two and applied in around 30 minutes a day? Well read on and you will find a system that can lead you to currency trading success.

Before we look at the strategy, lets look at one of the biggest myths of currency trading and it’s this – Forex prices can be predicted in advance. This is believed by most new traders and its rubbish because if they could, we would all know the price in advance and there would be no market.

This message is sold by vendors of cheap software packages, who claim you can make money with no effort, with their predictive software and what happens? The predictions of the software are as accurate as your horoscope and the user losses.

Now the savvy trader knows, the best way to trade Forex is to trade the reality of price change and NOT predict and he simply trades breakouts to new market highs – why?

Because if you look at any Forex chart, you will see that this is the way all big trends start and continue from these breakouts and if you don’t believe me, look at a chart and you will see it happen in every currency pair.
Most traders can’t buy a breakout, because they want to predict and a breakout doesn’t allow you to do this, you miss the first part of the move but that doesn’t matter – why?

Because if it is a break of a level of resistance which has been firm in the past, the odds are, that the trend will continue in the direction of the break. Sure this trader misses the start of the move – but he has the odds firmly on his side and huge profit potential ahead of him.

Breakout trading is at the heart of some of the world’s top trading strategies and if you want to make a lot of money you should include this methodology in yours.

So learn to trade high odds breakouts and you will have a Forex trading strategy which will always work and can make you huge Forex profits in 30 minutes a day.

As computers increase in power and capabilities, and the markets are becoming more and more volatile, the need for automated and mechanical trading has never been higher. In this article, we will describe 5 reasons to automate your trading and maximize your profit potential.

Reason 1: Psychological Aspect
Professional traders know that trading is 80% psychological and only 20% analytical. It is of great importance to remain confident during periods of losses, and to remain calm when price reaches your stop loss. Many psychological phenomenons which are standard and ordinary are counter-productive in trading. Some might say that our brains are built in a way that makes it hard for us to trade consistently.
Automated trading eliminates the psychological aspect as it trades without human intervention. Once the trading plan is set, trades are executed in a completely mechanical manner. Trader can focus on analyzing rather than on sharpening his or her mindset – and thus achieves greater results. When trading is completely automatic there is much less margin for psychological errors such as closing trades early or not riding profits.

Reason 2: Saves Time
Trading is a time consuming endeavor. Waiting for price to reach a support or resistance level can take long, and meanwhile the trader must focus on the chart. Automated trading saves you time by trading for you. By executing your trading plan automatically the trader does not waste any more time waiting for his scenarios to occur – instead, automated trading program waits and takes action.

Reason 3: No Manual Calculations
Traders constantly needs to calculate their trading variables: Risk:Reward, Percent to Risk per trade, trade size based on the stop loss size, and many more. Automated trading does that automatically, ensuring maximal precision, prevents errors and saves time and effort. Instead of manual calculations, risk:reward is automatically calculated for each trade, and the trade size is also changed in relation to the percent to risk from equity.

Reason 4: Maximize Your Profits!
Automated trading can help you maximize and multiply your profits tenfold. By trading on practically unlimited number of currencies and commodities at the same time, automated trading solutions allow the trader to skyrocket his performance into inhuman profits. The ordinary human being can trade 1-4 pairs simultaneously – however, automated trading programs can trade and monitor 20, even 30 pairs simultaneously without any decrease in profits. This allows the trader to reach new highs in his performance and results, and have an edge over other traders.

The forex marketplace hours start on Monday morning in the sphere of Sydney, Australia and conclusion on Friday afternoon in the sphere of new to the job York. In with the aim of instant frame Forex trading is taking place somewhere on the planet around the chronometer. For the reason that forex trading is not ready on the weekends it can just survive called a twentyfour-five surgery.

If you feel with the aim of you give to know the exact time of surgery you yearn for give to explanation on behalf of the varies instant zones. This is not tough to accomplish if you function UTC. UTC stands on behalf of Universal Coordinated instant, which was called Greenwich Mean instant. This is the nil longitude on the pot, and is located in the sphere of Greenwich, London and is based on standard (winter) instant near.

This income, the forex marketplace opens by the side of 22.00 on Sunday UTC and closes by the side of 22.00 Friday UTC. With the aim of makes it 10 pm in the sphere of the UK in winter instant. With new to the job York being 5 hours earlier followed by the UK forex marketplace yearn for direct and close by the side of 5 pm on Sunday and Friday in the sphere of new to the job York, this followed by makes it 2 pm on the US west coast, in the sphere of Germany 11 pm, and in the sphere of Sydney it is 8 am Monday plow Saturday.

If you advance is not pounding yet followed by lets look by the side of summer instant daylight saving time. This creates a single hour difference in the sphere of a little countries with the aim of accomplish observe it. Keep in the sphere of mind with the aim of daylight saving time are dissimilar in the sphere of countries in the sphere of the southern hemisphere

Like Australia with their summer instant running from September to stride while the northere run from stride to September.

At this point is a quick recap of the dissimilar main forex markets in the sphere of UTC:

London: 8 am to 5 pm UTC

New to the job York: 1 pm to 10 pm UTC

Sydney: 10 pm to 7 am UTC

Tokyo: 12 midnight to 9 am UTC

In the sphere of Eastern Standard instant (US):

London: 3 am to 12 noon EST

New to the job York: 8 am to 5 pm ES

Sydney: 5 pm to 2 am EST

Tokyo: 7 pm to 4 am EST

If you look by the side of the beyond time You yearn for notice with the aim of this gives 24 hour coverage.At present definitely for the reason that the forex marketplace is direct does not in the sphere of in the least way mean with the aim of in the least instant is worthy on behalf of trading. In the least instant single of the main markets opens,the prices can survive very unpredictable and hot-tempered. A batch of traders yearn for not enter the forex marketplace on behalf of to the same degree prolonged to the same degree an hour up to four time in the generation whilst a new to the job main city is definitely opening.

Near is rebuff question with the aim of US cash is the nearly everyone lively being traded, it is in the sphere of two and a partly time the trades to the same degree the euro which comes in the sphere of by the side of the amount two situation. This translates into the piece of evidence with the aim of measures with the aim of take place in the sphere of the USA give a much greater

Bearing on the economic markets than in the least measures with the aim of take place in the sphere of other countries.

The new to the job York forex marketplace yearn for attend to to taper inedible around 3 pm new to the job York instant (8 pm UTC) and if you are trading a US cash brace, You might absence to consider end your trading on behalf of the generation.If we look by the side of the instant frame of the forex trading hours, you may well theoretically trade on behalf of 24 hours a generation on behalf of 5 days.

The function of automated software referred to to the same degree forex robots concoct this a realty. Nearly everyone experience trader with or else with no a robot yearn for wish their time to survive in the sphere of the marketplace and are not lively in all of the forex trading hours.

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