You have probably seen the numerous Forex get rich schemes online that promise unheard of returns on investment. 99.9 % percent of the time it turns out to be false, in best case scenarios people neither gain nor lose nothing, while some get wiped out completely. Due to the fact that a currency relates to a countries economic condition, trading Forex is quite difficult if you don't know what you're doing. Successful investors follow multiple countries and their economic news before investing in Forex.
On the other hand trading gold is quite simpler. The price of gold is pegged to the US dollar. Usually meaning, if the dollar is strong, price of gold decreases, but if the dollar is weak, gold will rise in value. Another factor in determining gold prices is demand. The more demand for anything will lead to an increase in the price of that product, while a drop in demand will lead to lower prices.
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Any way you look at it, trading gold makes sense. Long term gold is a great play. The US government is borrowing trillions of dollars to finance its debt, while increasing money supply immensely leading to inflationary concerns, when inflation goes up, gold skyrockets. Also demand for gold is projected to increase from developing countries like china, Brazil, and India leading experts to believe that the only way gold is going in up.
Short term gold is very volatile, making it possible to earn big money quick, but also experience big busts. Gold can rise and fall from a few cents to 50 dollars in a single day. That's why professional investors use software to analyze the underlying fundamentals and give out predictions.
One such program is Gold Trade Pro. Gold Trade Pro gives out just a few recommendations per day with a 63 percent success rate. The Gold Trade Pro is quite simple to use, with a nice clean interface. The program gives out audible alerts when to buy or sell. The creator of the software is a successful futures trader, who used his experience in the market to make the program.
Trend Reversal Identifier The "Trend Reversal Identifier" can reveal KEY turning points for ENTRY and/or EXITS, on any symbol/market or chart (time-based, range chart, tick chart, etc). The dot plots on the close of the SAME bar that they appears (not 3-4 bars later like pivot point indicators). Note that the indicator works even better in markets that are not in a strong trend. Audio and/or email alerts can be set in order that the trader can be alerted when a signal appears. Trend Reversal Identifier Automated Strategy Addon The Trend Reversal Identifier can now be automated with this addon strategy: Created to be used with the Trend Reversal Identifier this addon offers automation of both the long and short entries based on the indicator. The trader sets the profit target and stop loss amounts with the adjustable input parameters according to the symbol and market begin traded and can fully automate the trades. Please note that although this addon can be optimized on any market or chart it is meant to be used in conjuntion with the Trend Reversal Identifier and should not be considered a 'set it and forget it' stand alone automated strategy. The user decides how the next trade will be handled and can set the parameters and take that next trade in full automation. This can greatly help the trader stick to their trading plan for both entry and exit of each trade see disclaimer and risk disclosure at www.proindicators.com
Pt 2 Cyril Berkouk "FX Options Trend Opinions: Understanding Moving Averages and Trend Lines Video Clips. Duration : 9.42 Mins.
Whats the best way to read trend lines, moving average, Bollinger bands?Join Trading Centrals top Forex analyst, Cyril Berkouk as he provides his latest opinion on where the markets are headed. Cyril will also help to break down some of the most complex terminology and charting tools used to forecast the next currency moves provided in Trading Centrals alerts. Cyril will also share his methodology for trading FX Options. Trading Centrals FX Options Trade Alert program enjoys a 1253% rate of success since its inception in August 2007. FX Options Trade Alerts are based on technical analysis that identifies patterns in the foreign currency market. Subscribers receive timely options trading ideas, complete with in-depth analysis for each trade. Trading Central is one of the Best Performing Equity Research Firms, as measured independently by INVESTARS.
Tags: Cyril Berkouk, Steve Meizinger, Trend Opinions, Moving Averages, Trend Lines, Trading Central, FX volatility currency options, strategies, market condition, FX Options, trading, Foreign Exchange, Market, Forecast, US dollar, Japanese Yen, New Zealand dollar, British pound, Swiss Franc, Swedish Krona, Brazilian real
Commentary for USD/JPY by the YEN MASTER Ichimoku setup Tube. Duration : 6.90 Mins.
The "YEN Master" from GetForexAlerts.com commentary and trade alert regarding the USD/JPY Currency Pair. Get Free Alerts from www.getforexalerts.com text or emailed to you. Find more alerts and commentary from Get Forex Alerts at our website.
Keywords: ichimoku, forex, forex signals, forex alerts, yen
I know that many struggling traders will do just about anything to make money in the forex market. So when I suggest trading naked, I don't mean stripping off all your clothes (although if it worked, I'm sure you'd try it, right?). I mean stripping off all your trading indicators. This is what many purists in the technical trading community call, trading naked. From experience, I can tell you, once you trade naked, you never go back.
You do get to see the market in all its glory. Its like eliminating all the useless filler and just being left with the meat of the market.
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If you think about it, trading without indicators is just like eliminating the middle man. Instead of the indicators telling you what the market is doing, you can see it for yourself.
For some reason, people feel as if an indicator has some sort of insight to the market, that the human brain can't comprehend. That's rubbish.
First off, indicators have absolutely no flexibility. They are just a static formula that is used over and over again, irregardless of market conditions. You, on the other hand aren't as stubborn. You can understand the complexities of the market (even though you may not think you can).
Just put it to the test. Next time you are using indicators, ask yourself "what is this really telling me about the market?" For example, if you are using Stochastics, and it currently shows that currency pair is oversold, is that what's really happening in the market? Can something like that even be measured? Don't just accept it, because you were taught that if a stochastics goes under the magical level of 20, it means the market is oversold. Question your indicators. It's the only way you'll grow as a trader.
6:46 PM
Forex Bond
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