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 ...
EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour chart and the bounce from 1.3435 has completed. Deeper decline to test 1.3435 support could be expected later today, a breakdown below this level will...
USDJPY traded in a narrow range between 89.63 and 91.08 for several days. Now the price action in the trading range is more likely consolidation of uptrend from 84.82. As long as 89.63 support holds, another rise to test 92.14 resistance could be expected after consolation. However, below 89.63...
Friday March 19 , 2010
Previous session overview
The euro dollar pair is consolidating between the 1.36300 levels and 1.36000 levels recording a high of 1.36267 and a low of 1.35984, having the union currency trading around 1.36160.
Regarding the pound dollar pair, it is trading between a...
USDCHF broke above 1.0639 resistance, suggesting that a cycle bottom has been formed at 1.0506 level on 4-hour chart. Sideways movement above 1.0506 is expected in a couple of days. Key resistance is now at the falling price channel on 4-hour chart. As long as the channel resistance holds, one...
Thursday March 18 , 2010
Previous session overview
The euro dollar Pair traded during the Asian trading in a narrow down trend range between the lowest price at 1.36664 and the highest at 1.37409. The pair is currently trading around 1.36710.
The Sterling against the dollar pair also...
AUDUSD’s upward movement extends to as high as 0.9250 and remains in uptrend. However, now the pair is facing the upper border of the price channel on 4-hour chart, minor consolidation is expected later today. As long as the channel support holds, another rise to 93.00 could be seen after...
Wednesday March 17 , 2010
GBP/USD outlook
We expect that GBPUSD is still forming the fourth wave of the downside move that started at 1.63000 levels as seen on our provided four-hour chart. Therefore, the recently established ascending channel that controls the movements should continue...
testing Analysis » Fundamental Analysis » Post New Thread testing Analysis » Fundamental Analysis » Post New Thread testing Analysis » Fundamental Analysis » Post New Thread
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,...
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Articles & Analysis posted by members for members. in-order to post within these forums one must bean approved contributor, read this fist sticky post to lean how and why to become approved contributor.
Articles & Analysis posted by members for members. in-order to post within these forums one must bean approved contributor, read this fist sticky post to lean how and why to become approved contributor.
Articles posted by members for members. in-order to post within these forums one must bean approved contributor, read this fist sticky post to lean how and why to become approved contributor.
Welcome max1m, Glad you have joined!
here are a couple links to get your started.
1: some great articles link inside
2: Video shear section link inside
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...
Patience is probably the number 1 attribute missing from the aspiring trader's psychology today--indeed, it is a flaw of my own.
The markets will not be mastered by hopes, emotion, and gut feelings that "one trade will win me". These markets are about a series of trades, not one winner.
...
I've made many trades using various advice that wasn't always sound, and made many mistakes in and out of practice accounts before transitioning to a real one. "Learn to like losses" goes the old saying--better yet, there is a oneness between the losses and I: an inevitable intertwine to carry me...
a few years ago..i read about ths book
this book about war strategy..but it work for trade psichology..
well..i dont know..it help or not..
but for me is work..
regrads
fic-traders-networks.co.cc (all about trading in one site)
fic-traders-ea.co.cc (fic traders expert advisor)
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...
Hi,
How common is it for brokers to expose their API (if you are a customer)? Ideally i'd like to not pay too much for the datafeed. I do know there are companies out there that offer a reliable datafeed for 2-5k a month.
I've been slowly building my own trading platform / EA system in C# and...
Hi All,
I'm a newbie in Forex and while I'm picking up the "trade" I have also decided to try Forex Killer version 4.12
I have 3 questions regarding Forex Killer which is not clearly shown and described in the YouTube videos I saw...
1. Are the the Stop Loss & Take Profit in the Forex...
Successful trading is often a matter of selling at the right time. It is often possible to be a conformist and just follow the crowd. When there is strong interest in what you are trading, you can merely follow the prevailing trend. As prices move up, the media reports on the optimism, and the...
3/19/2010
Buying sterling now remains a very risky business.
The pound may be rebounding on the latest recovery in the U.K. labor market and signs that the country's public finances are starting to improve.
However, this will only boost the government's chances of re-election just as...
Stocks in US started off on a positive note especially Dow as it rose to highest, lifted by a rise in Boeing's stock. Todd Leone, head of listed trading at Cowen & Co. in New York said: "The volume is low again, the market hangs in there, (there's) no volatility.The market just can't get going...
Chasing risk is once again the name of the game.
But, this time around, the rules may have changed.
As the global economy continues to recover even more slowly than anticipated, major currencies are likely to remain in narrow trading ranges while the focus of most investors shifts to the...
Stocks in US started off on a positive note especially Dow after the Fed's renewed pledge on low interest rates. Markets in US reacted positively to a drop in Producer Price Index (February) supporting the Fed's pledge, which forced the equities to end up higher. Alan Valdes, director of trading...
Asian stocks like Nikkei and Hang Seng started off on a modest note as technology shares pushed up. Sentiment was cautious as investors waited to see if the Feb would repeat its regular pledge to keep rates lower for an extended period.
JP Morgan in a report said: "We believe that the...
In this uncertain times of economic woes, with countless jobs and opportunities lost, stock values taking a seemingly irreversible downturn, its values plummeting at a rate many financial pundits find alarming, the global economic ecosystem is undoubtedly going through an acid test that has left...
We poll Forex beginner traders. You can take part in a quiz if you qualify as a beginner-trader with no more than 3 months experience.
Just answer 5 questions and receive a profitable robot, which earns 40-120 points a day ($4 -$1,200 depending on the lot volume).
Questions:
1. How old are...
When traders embark on their technical analysis training voyage, they usually believe that the challenge will be to learn a lot of technical tools. And they usually seek out who they believe to be an "expert."
However the idea is to develop your own way of looking at the market, and to get...
Hi all!
I started this new thread to share recommendations: I think every trader could take benefit from using a good advisory service on the net. I use one (Nav N Trade at Nav N Trade) and I am becoming day by day more successful, but this is a long way of course...
TraderBobR
sorry if theres any existing threads for this already i couldnt find any..
i'm looking for forex contests or forex demo contests to join where is a good place to start looking? i hear about them all the time but having a hard time finding them
thanks
All in all, share prices aren't just prices moving up and down, up and down. They are a reflection of a company.
If you were interested in buying your local corner shop, you'd look at things such as management, if profits were improving and if there were competitors taking away market share. ...
link inside
IGTFX metatrader with ECN
IGTFX now offers MetaTrader 4 with IGTFX No Dealing Desk execution for clients who are familiar with this charting platform.
No Dealing Desk execution allows traders to use MT4
EUR/USD
Upside rejection at 1.3816 on 17 Mar has triggered reversal and yesterday's break under 1.3556/39 supports extended losses to reach 1.3532, former 05/09 March lows today.
Focus is now 1.3433, range low retest, break of which would signal resumption of the broader downtrend. However,...
EUR/USD
Fresh weakness emerged after yesterday’s break through 1.3656/39 key support, extending losses to 1.3586 thus far. This opens way for test of 1.3543/29, 10/05 Mar low and possible attempt at 1.3433 range low. Upside, for now, remains capped by 1.3694 and only clear break here to improve...
EUR/USD
Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.
Res: 1.3727, 1.3739, 1.3780, 1.3798
Sup: 1.3639, 1.3620,...
EUR/USD
Rally off 1.3639/56, 15/16 Mar low, stalled at 1.3816 yesterday, ahead of reversal. Loss of 1.3656/39 supports opens 1.3620/1.3530, to possibly continue broader downtrend. Only regain of 1.3727 would avert immediate bears.
Res: 1.3685, 1.3727, 1.3739, 1.3780
Sup: 1.3639, 1.3620,...
EUR/USD
Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.
...
EUR/USD
Continues to trend higher off 1.3433, yearly low, posted on 02 Mar. The latest upleg from 1.3639/56 higher lows, now attempting through 1.3798, range ceiling, with clear break there to expose 1.3838/50 next. 1.3715 offers initial support, while 1.3656 expected contain corrective dips.
...
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,...
Hello!!! My name is Paul, live in Ukraine, Odessa. I have a wife and son, a son is 2 years. I come to you with a request, we with a wife want to open the small domestic business, and a money is not present. to whom how many not pitifully send in the system of Web money on a purse ¹ Z136894439563....
Hi,
I am comparing two major strategies, in order to decide which is better for me:
1. Traditional system of manual traders, with medium winning rate (let's say around 40%), with a high TP/SL rate (let's say, 3:1).
2. A system with high winning rate (let's say over 90%) with low TP/SL rate...
Hello everyone!
The reason why i opened this topic is i am looking for an investor in the forex market. I am an experienced trader with pretty nice results. I can proove it, here is my one-year statement:
link inside
So please let me tell...
Howdy folks...
I'd like to enlist your help as I put the finishing touches on my upcoming book. Actually, rather than calling it "my" book, I really ought to call it your book.
As those of you who have been on my site for a while now know, when I first set out to write this book the goal was...
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 MT4 Stats - Share your MetaTrader 4 Statements with the world
MT4 Stats - Share your MetaTrader 4 Statements with the world
we invite new...
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)
Contact:...
Confidential management in FOREX market and trade online with us.
The detailed information, please visit at our web-site or write an e-mail.
( Mod Note) users promotion image removed by admin/mod.
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...
It appears that major changes are in store for the U.S. Forex industry. The recent CFTC proposal to limit margin to 10:1 has led to speculation as to what will happen with the U.S. Forex brokerage industry. The latest rumors are that several of these brokers may establish themselves as banks and not fall under the jurisdiction of the CFTC. While this may provide exemption from the proposed leverage reduction, these brokers would now be subject...
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...
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 to take advantage of so-called 'practice synergies', according to a community spokesperson.
Online forex community Moneytec.com is providing a platform for traders from all different backgrounds to collaborate and share ideas and strategies, leading to the...
Wild risks, wild randomness
My wife has found this story recently. It was published by Toronto Star newspaper; see it here. This is a story about dramatic results of applying statistics in a not correct way. I would not blame the guy though I would like to discuss the core of this problem.
In a real life, the problem is very simple. It is the problem of evaluation of the risks related to financial data. It is not just an academic...
written by Sergey Tarassov
During this year the Timing Solution research group did a lot of back tests for different indicators. Usually people who invent these indicators tell about their benefits only and do not mention the side effects that these indicators might have. We looked at the indicators that are used in Timing Solution software and the most popular indicators used in other programs as well. Our main focus was to understand...
Cycles apology
Pro et Contra
I believe that the question "Do the cycles rule the stock market or not?" is not a technical question only. This is a kind of some religious question, like "Does some order exist in our Universe or is it just a game of Chaos?" or "Does the life after death exist or is this current life our only chance to be?". The main issue here is our faith, not some knowledge. If we accept that, any "pro" and "contra"...
A question that you can ask to a lot of traders which will make them freeze is: "What is your trading strategy?". Most of them would answer you after a while "I use moving averages and ...." whatever was the answer they tell, it doesn't give a real answer for the question because it mostly will be just stating some indicators not a complete trading strategy. Even some advanced traders will be answering you that they are trading technically...
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 and forfeit quickly.
Trading psychology is known to be the first and most important factor for trading success or failure but its impacts are not initiative by many traders, they are just thinking about getting a good trading strategy but this is only part of the...
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 and minute amongst traders and analysts wither they are professionals or beginners. The answer for this question varies according to some factors which include market type, trading frequency, market speed and trader's personality.
In order to be able to answer such a question,...
Yesterday, a European central Bank board member gave an interview in which he admitted that there are signs the economy is picking up much quicker than was initially estimated.
The news outlets portrayed this as a sign that the “powers that be” are openly admitting that the turnaround has come and is in full force too. However, after reading the article in depth and a few statements he made after the interview, I am not so certain that he...
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