Using MACD Divergence In Your Forex Trading

We’ve all heard lots about watching for MACD divergence as a tool for considering a trade possibility in a particular currency pair. But there are some important observations that you should make before committing your money, so let’s take a look at this concept in greater detail.First of all, let’s be clear about what constitutes MACD divergence. In the case of negative divergence, we simply look...

Using MACD In Determining Trend Direction

MACD is a technical indicator that is widely available on most charting services, and it stands for Moving Average Convergence/Divergence. Although it is a lagging indicator that plots a comparison of a short term and a long term moving average, it does represent a momentum oscillator that, when used properly, can be very effective in helping determine trend movements, including reversals.One...

How To Approach The Trading Day Like A Pro

One of the most critical jobs that you have to do, as a trader, is to figure out the best direction to trade, based on the time frame that you’re trading in.If you are a day trader, you will have a very short trading life if you can’t consistently get yourself aligned with the current trend of the market. So, how do we know which way the market is likely to move?When you first sit down at your computer,...

Are you Consistently Inconsistent?

As many of you know I’ve been running the Personal Coaching service at ForexMentor since the beginning of 2006, and since that time I’ve listened to hundreds of people tell me their own personal accounts of the difficulties they’ve had with their trading. As I’ve said so many times, the problems that struggling traders have are very common, but also, the habits of successful traders are very common....

Consistent Execution Of Your Trading Plan

In the last article I talked about one of the biggest problems that I see time and time again with traders—inconsistency! And again, the most prominent areas of inconsistency are in trading approach, trade execution, and trading management.Today I’d like to share some insights with you on trade execution. During my trading experience I’ve noticed a great tendency for traders to be very random about...

Consistency in Risk Control

Over the past week or so we’ve discussed the importance of applying consistency to your trading, and we’ve identified 3 key areas that really require your attention. First, we talked about how important it is to be consistent in how you approach the markets, and that it’s important not to be oscillating between trading systems and technical indicators, forever in search of the Holy Grail.Next, we...

Advice On Learning Forex Trading

Business these days is a very tough task and it pays to know exactly what your doing. This is especially to true when dealing with the forex market. It is indispensable that learning forex trading and all that is associated with it to best of your ability in order to succeed. The various stakes and players. When you choose to learn forex trading you need to know exactly what your dealing with such...

Effective Forex Trading Tips To Help Beginners Succeed In The Foreign Exchange Trading Market

Are you one of those who have heard about Forex trading but not sure what it really is? Or you would like to find forex trading tips on how it works and if you can make money out of it, but not sure whom to ask? Well, I can tell you are not alone in this situation. Many people think that they are familiar with Forex trading, but in reality, most of them think that forex trading has something to do...

Short-Term Forex Trading - Is It Profitable?

Forex traders use a variety of different strategies and time frames to trade the markets, and one of the most popular tactics is to adopt a short-term forex trading strategy. However, with so much volatility every day, can you really make consistent profits this way?Well I've traded the markets for many years and in my opinion, although you can make profits short-term trading, it's a very difficult...

5EMAs Forex System Review

5EMAs Forex System is a user-friendly step by step guide in the forex market, a 160+ pages long e-book available trough Clickbank. It has just recently been released as an actual product for the general public, up until recently the formula has been used by a fund manager and forex trader. The system can produce monthly returns of between 30% and 55% depending on the exit strategy selected.The formula...

Trading with an Auto Forex System for Faster Profits

Auto forex system trading is the perfect strategy for investors or brokers who either do not have time to watch the market closely or trying to diversify the portfolio. It is like having a professional to trade your account for you, taking care of your profits.Automated systems replace the need for manually buying or selling the currencies. With auto forex system trading, you can continue to focus...

Tips On Getting One for Profit

There are numerous currency trading systems for sale online but 95% of them are junk. There are some good ones out there and they can make you great profits, so follow the tips below and find the best currency systems.1. Real Track RecordsThe first point to make is that you should if possible get a system that has a real track record that means real dollars, real trading and audited. This may not...

A Great Forex Trading Indicator

Forex trading can be tough if you do not know what you are doing. That is why I have provided the following simple yet helpful forex trading strategy. The Simple Moving Average (SMA) is an extension of the trend line concept. The SMA is plotted on a graph by the charting program of the forex market data. The SMA takes the average of the close price of a given number of the last few periods. Any number...

Are you the only one losing in Forex?

Have you ever felt like you are the only one losing in the forex market? Everywhere I see, people giving out free forex signals, free forex strategies, and people replying how incredible the strategy/signal was and how many pips it made them. But when I start following the strategy/signal, it goes on a losing streak. Simply frustrating!For a long while I thought there must be someone up the forex...

A Guide to Forex Trading & Investing

Market knowledge and ability to understand analysis will only get you so far in Forex trading, but without the nerve to actively compete risking your own money in the process you can never become a successful trader.Wagering huge volumes of money in a market as susceptible to change is liable to cause a whole range of opposing emotions; fear, excitement and anxiety just to name a few. Battling against...

Trailing Stops

Now that we have taken the necessary precautions to avoid catastrophic losses by using disciplined money management stops, it is appropriate to concentrate on strategies that are designed to accumulate and retain profits in the market. When properly implemented these strategies are intended to accomplish two important goals in trade management:...

How to Read a Chart & Act Effectively

Introduction This is a guide that tells you, in simple understandable language, how to choose the right charts, read them correctly, and act effectively in the market from what you see on them. Probably most of you have taken a course or studied the use of charts in the past. This should add to that knowledge. Recommendation...

7 Step Sucess Forex Trading

THE TRADE DECISION 1. Never add to a losing position. 2. Always determine a stop and a profit objective before entering a trade. Place stops based on market information, not your account balance. If a "proper" stop is too expensive, don't do the trade. 3. Remember the "power of a position." Never...

Be Careful, Someone Wants Your Money

The United States Commodity Futures Trading Commission (“CFTC”) warns consumers to take special care to protect themselves from the many types of commodities fraud being perpetrated in today’s financial markets. The CFTC is the federal agency that regulates commodity futures and options markets in the United States. We have seen a great increase in the number of scams that falsely promise high profits...