MoneyTec 2.0 is the #1 social networking community for forex traders. Where both experienced and new traders can share information and create "practice synergies" learn from the experiences of others who may have encounter a similar ordeal, ask and discuss general questions about trading and the Forex markets, find a resources available to them, find a professional who will be able to give advice, assistance or services they desire.
Online forex social networking site Moneytec.com allows traders of all levels of experience and skill to share tips and techniques, in a bid to create a collaborative environment and ...
Which indicator should I use in my daily trading and which is better, a lagging indicator or a leading one? That's a common question which is being asked every second ...
What are the most simple things you studied or knew in technical analysis that you can use in FOREX trading?, of course most will answer this without even thinking about ...
How could I use fibonacci numbers in FOREX trading successfully and what are their advantages in trading?. These are two of many questions we got asked everyday by traders about ...
It's known that most of traders lose because they can not beat their emotions and this causes them to make wrong-timed decisions and lose the most of their trading budget ...
How can I manage my money in FOREX?, How can I control my money while trading and direct it in the positive way always and avoid to lose much money ...
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USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This...
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GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occurs within the context of a strong...
USDJPY formed a cycle top at 88.11 level on 4-hour chart. Now the fall from 88.11 is treated as resumption of downtrend from 92.88 (Jun 4 high). Further fall towards 84.82 (2009 low) is expected in next several days. Key resistance is at 88.11, only rise above this level could indicate that...
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USD/JPY (a 4-hour chart of which is shown) as of Thursday (7/29/2010) has once again descended to approach the 7-month low in the 86.25 price region that was just established in mid-July and confirmed with a...
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EUR/USD (a 4-hour chart of which is shown) as of Thursday (7/29/2010) morning, has reached its upside resistance target of 1.3100, as noted in Monday’s EUR/USD analysis. This occurs within the context of an accelerated...
USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise towards the upper boundary of the falling price channel on 4-hour chart is still possible, and next cycle top is nearing. Key support is at 86.80, a break below this level will indicate that a cycle top has been formed...
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7/28/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown), has retraced back down to a key uptrend support line extending from the 83.15 double-bottom low established in early...
Dollar Rally Continue?
We went right to the point on Tuesday where resistance would kick in, 1.4770-1.4780, and it went right to 1.4780 but could not get above. This has set up a bearish formation on the short term charts. Unless that resistance area is taken out, and ultimately 1.4900, the...
Forexpros Daily Analysis Dec 10, 2009
Free Webinar On Forexpros TODAY: Using Time and Patterns to Pinpoint Entry and Exit Points
Hosted by: Raghee Horner of Auto Chartist
Thu, Dec 10, 2009, 08:00 EST/13:00 GMT
Where are the currency markets headed? How can I take advantage of time...
Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen.
February gold fell $32 to settle at $1,131.40 an ounce. Gold prices have tumbled 7% since hitting an all-time high of $1,218.30 on Thursday.
The retreat came as the U.S. dollar regained ground...
Wednesday, the yen rose to new multi-day highs against its major counterparts as a fall in global stock prices prompted investors to seek the safety of the Japanese currency.
World stock markets extended their losses today as Japan's much weaker-than-expected economic growth and rising debt...
Forexpros Daily Analysis Dec 9, 2009
Free Webinar On Forexpros: Using Time and Patterns to Pinpoint Entry and Exit Points
Hosted by: Raghee Horner of Auto Chartist
Thu, Dec 10, 2009, 08:00 EST/13:00 GMT
Where are the currency markets headed? How can I take advantage of time and...
The USD and JPY went strongly bullish in yesterday's early morning hours, no doubt a remnant of the dire reports from the global economy faced last week. The sudden boost in risk aversion at the opening of London's market yesterday morning sounded a bell for the return of the safe-havens. However,...
Just wanna share with you all on this....
As you may or may not know it already...
2 Greatest Emotions that affect us as traders/investors are:
i. FEAR
ii. GREED
Buffett put it nicely how to take advantage of these 2 "greatest enemies" of yours:
Hello friends,
I want to talk about one of the psychological behavior of traders and that is- taking revenge on market. Most of the traders do this. They don't digest their losing trade and start trading aggressively to recover the money back from the market and then they lose...
Hello friends,
What do you do after you lose a trade? Do you analyze it or move to another trade without even looking at it?
Whenever I lose a trade, I don't do hurry on going for another trade. I try to analyze it and see what went wrong. According to the conclusion I try to modify...
Its been a number of years for me in the FX game now. I hope I can use this thread to both reflect on what things i have come to realize and learn about this industry and at the same time allow others to benefit from it.
This will not be for everyone granted. but if just a few people find it...
Hi,
One of the most important usages of psychology in trading is market analysis. How?
Psychology is "trying" to fail, basically, all traders. Most people have the same basic psychological problems. That makes their responses pretty predictable.
And since the market is actually a bunch of...
Have you ever wondered how to get your ego out of your trading? Have you wanted to be market-centered, but find yourself consistently being self-centered?
One thing I know for sure: your self concept has to be separate from your trading. You began as an individual long before you ever thought of...
Anyone is allowed to make one mistake. When the same mistake is repeated a second time, caution should be noted. The third repetition of the same mistake constitutes self-destructive habitual behavior that must be reversed. All trading must stop immediately until the trader's self-discipline is...
Trade the “Trend Following” way by using our products to analyze the market, making the right moves at the right time.
Fully Automated Trading Systems let our programs work for you. Our patented algorithms work while you sleep.
Cut losses quickly based on previous experience and extensive,...
axonsoftware.biz (REMOVED HOTLINK) provides professional development services for financial institutions and individuals. Our engineers familiar with many of FIX protocol implementations(e.g. for Currenex, FXCM, Dukascopy, Oanda etc) and proprietary API's like Dukascopy JForex.
We have...
Hi All, I am looking for a software developer to partner with.
The developer should have a viable trading software, at or beyond the testing stages.
I am a sales Copywriter and Publisher with a lot of experience in marketing online.
The idea is for the developer to create the software...
I am new here. Has any body in this forum heared of forexambush2.0 before. I am intrested in their Autotrading version, and would like to have advice about the profitability of this program Pls.
I've been trading with an indicator named the CBC (or Flux Capacitor) and I've raised my average daily pips from 50 to 150!
Watch the videos: search YouTube for "flux capacitor indicator"
Or visit them at Back to the Future Trading
All the best to you!
Ben
Hello all,
When I run an EA through the tester (MT4), the last entry in the "Results" tab almost always ends in a "close at stop" type and the "Journal" tab ends in a "Tester: order #34 is closed" (for example) message.
I have tried searching for this error on the web but haven't been able to...
Weak outlook from technology companies and depressing comments from a Federal Reserve official gave investors little reason to buy and this news straightly took the US stocks like NASDAQ & S&P to end up the day on a dull note.
Craig Ellis, managing director of Caris & Company in San...
US stocks like NASDAQ & S&P saw a dull day when durable goods figures werer weak and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P trapped below its 200-day moving average.
Jim Paulsen, chief investment officer at Wells Capital Management said: "In the...
US stocks like NASDAQ & S&P rose when reports showed mixed earnings and a fall in consumer confidence, but analysts said that the US stocks were taking a breather and the rally could pick back up. Nick Kalivas, senior equity index analyst at MF Global in Chicago said: "I still have a...
Wednesday July 28 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session between the lowest level at 1.29665 and the highest level at 1.30161, the pair trading now around the level of 1.30109.
Regarding to the pair Sterling against the U.S....
Stocks in Europe like the FTSE , CAC andDAX mounted higher when the results of the region's stress tests on banks and following strong gains on Wall Street and in Asia. Michael Hewson, analyst at CMC Markets, wrote in a note: "Time will tell if this bit of creative accounting or sleight of...
The oil market to end up the day on a quite moderate note as markets digested the European bank stress test results while taking support from the temporary loss of some Gulf of Mexico oil production ahead of Tropical Storm Bonnie.
Chris Jarvis, senior analyst at Caprock Risk Management in...
Hi everyone.
Newbie here, trying to figure out this forex thing. Trying really hard. it's really hard for me to grasp the concepts since this isn't really my thing (yet!)
so i'm going to rephrase it a little and you guys tell me where I'm wrong.
for example lets turn a currency pair into...
I saw these guidelines from one of the website & I personally feel that it is something very useful for traders ... as a guideline (but not treat them like Laws... they are not absolute)
Hopefully this information serves all of us well:
32 Rules that can serve as guidelines:
1. Never risk...
This might be of interest to anyone looking to make a second income trading Forex online there is a special online 5 day FREE forex course.These forex courses normally sell for thousands so it is great chance to learn how to currency trade for free . The trading strategy they teach is an end of day...
In the network a lot of information about forex. I found a simple and interesting e-book. It is called "Three words about Forex". It contains three articles for beginners.
How to start trading.
How much money do you need to invest.
and many other things are on this site freerobot2010.
<o>...
Strong euro zone economic data and US corporate earnings rekindled hopes for the world economy and whetted investor appetite for risk an this took the euro to end up the day high against the dollar.
Hello to all beginners,
I have opened this thread for beginners who want to jump into the forex trading. I will explain the definitions of some forex terms here daily.
I welcome pro members too if they want to help others with their knowledge.
Thanks,
Nick
I have been trading at levels. But how to determine the levels where price movement rests on the support or resistance. To determine the levels I use the indicator Murrey Math. Murrey Math is not the holy grail, but the performance of properly, can predict the price movement. Since the rules Murrey...
EUR/USD
Yesterday’s break above 1.3045, previous high, has cleared 1.3073/93 barriers, to hit 1.3105, en-route to 1.3125 target. Potential break here would look for an extension above 1.3200. Below, 1.2965/51 is a key, and below here to weaken the structure.
Res: 1.3105, 1.3125, 1.3200,...
ForexPros Daily Analysis July 29, 2010
Free webinar on ForexPros - Let's do some simple Trend Trading
Expert: Kellie Durazo
When: Tue, August 17, 2010, 10:00a.m. ET
Why spend hours analyzing charts when you can learn a few simple trading
strategies that are effective and easy to learn.
EUR/USD
The recent upside failure at 1.3044 has seen a narrow consolidation, ahead of today’s renewed attempt higher. Break above the later is required to resume gains, with 1.3073/93 seen next, ahead of 1.3125 Fibonacci level. Immediate support stands at 1.2965/51 zone.
Res: 1.3044,...
ForexPros Daily Analysis July 28, 2010
Free webinar on ForexPros - Let's do some simple Trend Trading
Expert: Kellie Durazo
When: Tue, August 17, 2010, 10:00a.m. ET
Why spend hours analyzing charts when you can learn a few simple trading
strategies that are effective and easy to learn.
EUR/USD
Near-term structure remains positive, with bull flag completed on Monday projecting further strength. Clearance of yesterday’s high at 1.3044 will extend gains toward 1.3125, 38.2% retracement of 1.5144/1.1875 decline. Immediate support now stands at 1.2965/51 zone.
Res: 1.3044,...
EUR/USD
Maintains positive tone off 1.2731, 21 July higher low, as clearance of 1.2965 confirms a trend continuation. Today’s break through 1.3026, with 1.3044 seen so far, now opens way for test of 1.3073/93 and 1.3125. Corrective pullback should be contained by 1.2888/59 to keep immediate...
Hello friends,
Every successful trader believes in money management. They know how important it is to have the proper money management skills in trading. That is why they are successful.
I found an article here - Forex: Money Management Matters
Just read it. Author has...
One of the most valuable things that an RHL can show you is how valuable 20 pips a day is..
1 standard lot at 20 pips/day = $200/day = $50k/year
2 standard lots 20 pips/day = $400/day =$100k/year
3 standard lots 20 pips/day = $600/day = $150k/year
5 standard lots 20 pips/day = $1000/day...
Hello
Now this is a real beginner question but here goes I am attempting to create a MM system to limit the lot size and the number of trade a system can take via the size if the maximum position but I think I am confusing myself
Am I right in thinking
1 standard lots = control of...
I have been trading Forex Hedge Fund EA on two live accounts with Alpari UK since the beginning of Novemeber. One small account with aggressive settings and a larger account with moderate settings. I only use pairs like on EURUSD, USDJPY and EURJPY.
On average the small, aggressive settings,...
Hi Everyone,
My name is Sam Shakespeare. I am glad to have found a forum where forex affiliates can come together.
I would like to take a second to introduce our Affiliate Program. I am the Affiliate Manager for TraderHouse Global, a global community of forex traders led by 26 year InterBank...
Howdy folks...
I'd like to enlist your help as I put the finishing touches on my RHL. Actually, rather than calling it "my" book, I really ought to call it your book.
As those of you who have been on my RHL for a while now know, when I first set out to write this book the goal was to create...
Hi All
Newly opened in this year trading program, we looking for funds raising & investments for spot fx trading + fx options. Can see our trades
RHL
we invite new investors with min.$30k for 6month up to 12 month only! additional details upon request. if interested email me to info at...
Search for an investor to manage your account.
Online monitoring:HOTLINE (updated every 5 hours) - in the account is an aggressive trade ( 3 weeks> 40% of profit )
My conditions:
Minimum balance $ 5000
Leverage: 1:300 - 500 (desirable)
Profit 50/50 (investor / trader)
RHL PM AUTHOR
Hi,
I would like to know which brokers you recommend for Forex Trading. I have been in FX for over a year with one broker but have been very disappointed. I am thinking of switching to Oanda. Can anyone with experience with this broker give me any feedback? I have a strategy and I just want to...
Can we forecast the stock market?
I think this is the most common question asked by new users of the software: "can your program forecast/outperform the stock market consistently, with some significant accuracy, let say, 60-70%?". I always feel myself uncomfortable when facing this question. This feeling comes not because the program does not do something of the kind. The reason is totally different. It is in details of the question. I...
A good trader is persistent in his strategy – Never back down when it seems like it’s not going your way, be calm, analyze the market, and your strategy. There is no shame in losing. There is shame in remaining a loser.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>
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Discipline is most important. Of course everyone knows what discipline is. But let me remind you.<o:p></o:p>
A disciplined...
So you've got this amount of money ready for forex but you are not sure who to follow. Do you follow some smart 'seasoned' trader or do you follow some smart analytic robot?
Both of them promise large returns on investment, they both have good track records and blow on their bragging rights.
So who is better? Well let us review.
A MAN (a forex trader) who has been trading positively must definitely have trader discipline. He waits...
We are all looking to tame the forex market. Any amount of pips will do.
A lot of us create our own strategy signals based on either technical or fundamental analysis techniques. Others prefer to subscribe to other traders and use strategies that have been tried and tested. Others use robots to do it for them.
Well there is nothing wrong with either of the three. If it works for you, that's fine. But there are things you need to know...
Ok. So you want to make billions of dollars and forex came up.
You want to be among those super hero traders who hit 500 pip marks with just one signal...
You want to drive fancy cars and eat in fancy restaurants without having a 9 - 5 job.
If you came into forex with that attitude, I'd advice you to stay out.
Why? Because you just fell into the first vice of forex trading. GREED.
With net capital requirements in the U.S. of $20 million, you may wonder how Forex brokers are able to meet and in some cases exceed this minimum by more than $40 million. While it is no surprise that these brokers are very profitable, most have obtained this war chest by accepting money from outside sources such as private equity groups or hedge funds. What does this mean to you as a Forex trader? More than you think. While having a well...
There are many lists offering advice in choosing the right forex broker. While many will list regulatory authority or net capital position as the most important factors to look for when evaluating brokers, these may not be the best factors to consider when you begin trading. Let's not kid ourselves - brokers are not charitable institutions. They are in business to make money. That said, how a broker generates profits is often overlooked or...
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Divisa Capital is the newest forex broker to be added to FXIntel.com. FXIntel.com provides live broker comparison intelligence through real-time insight into leading FX broker spreads (trade costs), statistical analysis and social trading tools, such as tweets (linked with Twitter), news, blogs and more. The real-time live data supplied by...
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