http://www.fxsignaltrader.com/home.htm - 6.3) Trader Psychology - 902 Point Day - TS.5 Tube. Duration : 9.98 Mins.
Trader Psychology is an addition to our three part video series on the subject of the correct attitude to have when trading our signals. This video shows that with the correct attitude you could be greatly rewarded and in our case, we were rewarded with a 902 Point Day!
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Forex Secrets: The Vulcan Report (131) - SPY Crash Alert (Sell off could accellerate into the close Video Clips. Duration : 2.70 Mins.
bit.ly Learn Forex Trading with a Free Practice Account* MASSIVE SELL ORDERS ARE COMING IN THROUGH THE DARK POOLS. VIOLENT CRASH WARNING!!! THE BOTS ARE OPERATING ON THE SELL SIDE RIGHT NOW!!! UNLESS THEY CANCEL THESE ORDERS THE MARKET COULD CRASH VIOLENTLY!!! GET OUT OF LONGS NOW!! Please remember to RATE, SHARE, FAVORITE, COMMENT AND SUBSCRIBE.... bit.ly
Forex trading education naturally falls into two parts. First the easy part, learning technical indicators, how to use a trading platform, the terminology, etc.
Secondly Forex trading education must include information on the mindset of a successful trader and the disciplines that need to be learned in order to handle the emotional and mental demands of trading in the market place.
Forex Trade Alerts
Here we provide a list of 7 guidelines for using trendlines as part of your Forex trading education using technical indicators.
Trendlines may be regarded by some as one of the weaker indicators although still valuable. They can be powerful when used in combination with other factors. That's why an effective Forex trading education doesn't rest on a single magic formula but rather involves an investment of time and energy as the new trader learns to combine the input from a number of tools to reach a clear decision.
When using trendlines to identify an optimum entry point for a high probability trade keep the following points in mind:
1. Trendlines on lower time frames such as 5 minute, 15 minute, or 30 minute, do not have much significance by themselves. Take more note of price reaction around trendlines on the higher time frames, specifically the 60 minute, 4 hour, and daily chart.
2. Trendlines on a daily chart carry a high significance as this is the chart many traders of large institutions use. They do not participate in intra day trading but rather look for position trades as they commit large sums of money to a transaction. The daily chart is often their point of reference.
3. Draw general trendlines across the significant lows in an uptrend or the significant highs in a downtrend and use them as a point of reference to show where support or resistance is likely to be found.
4. If you want to get more specific, use the Tom DeMark method of drawing trendlines. This technical advisor recommends using the current swing high or swing low, depending on the trend, and then connecting that to the previous swing high or low (to the left on a candlestick chart). The line is then extended out into the future. These trendlines can be constantly updated as new highs and lows are reached.
5. For trendlines to be effective indicators, they must be used in conjunction with other technical indicators. So if a trendline is crossed by a support/resistance line, or a pivot point, or a Fibonacci retracement or extension level, you now have a combination of factors indicating this could be a suitable entry point.
6. Add these two trendline methods to your Forex trading education:
When price has an upward or downward momentum (as opposed to moving within a consolidation channel), look for times when price will come back to bounce the trendline before resuming the momentum.
When price breaks a trendline, rather than enter a trade at that point, choose a more optimal entry point by waiting for price to return and test the back side of the trendline that has just been broken. This will not always happen and you risk missing being taken in. That's trading! But more often than not this will happen and you get an excellent entry point.
7. Do not use trendline breaks or bounces as an entry signal by themselves. They do not provide a strong enough signal. If you add this crucial piece of information to your Forex trading education you will minimize the number of trades you regret entering.
As part of your Forex trading education, use your demo account to experiment using trendlines.
Remember they have limitations. In themselves they can give a false signal. Used in combination with other technical indicators however, they form a more complete picture, giving you a clearly defined graphical representation of where price is and where it is likely to go.
Keeping the seven point checklist above in mind should help keep you out of troublesome trades when using trendlines!
Forex Trading Education - The 7 Point Checklist For Using Trendlines
Predicted the 22% breakout in JTX today Video Clips. Duration : 1.92 Mins.
This is an excerpt from our previous night's video watchlist where I correctly predict the JTX breakout. Our entry was .58, and JTX hit .90 today.. closing up 22%. Perfect example of our strategy using Buy/Sell triggers.
Forex trading alerts are also referred to as signals and some trading circles. These alerts notify you the investor when a profitable trade presents itself to the program which constantly scours the market looking for these high probability reliable trading opportunities.
Forex trading alerts have become massively popular amongst investors in the forex market of all experience levels and backgrounds because they completely carry out every aspect of analytics for you in full.
Forex Trade Alerts
This is the most time-consuming and difficult aspect of investing in the forex market and with that process carried out for you, you can invest accordingly armed with the knowledge of exactly when and where to invest as well as what to expect in terms of and appreciation and not trend so that you can anticipate the art of that upswing accordingly. In this article we're going to look at three reasons to use forex trading alerts to make serious money in the forex market without the experience.
First off, using forex trading alerts is the most reliable way to invest hands down. No emotions or other harmful pollutants which cause more trades to go south then any other reason are completely removed from the trading equation altogether. Instead, every move which you make is nothing more than the product of algorithmically crunched market behavior and nothing else, so you know that there is no chance of these pollutants ever harming your trades.
Secondly, using forex trading alerts from a program is much more cost-effective than hiring a broker to do the same job for you. These programs are oftentimes had at one time costs and come with complete money back guarantees so that you can see them working for you before you have to invest a dime. This is a welcome contrast to brokers who charge regular fees and claim commissions on your gains on top of that to do the same job for you.
Finally forex trading alerts software is constantly scouring the market looking for high probability trading opportunities. Because the software is connected and tied into real-time market behavior around the clock, it's algorithms are always in a position to anticipate trends long before their human counterparts. This makes this technology much more effective than any other method of finding and anticipating trends as soon as they break in the market so that you can get in early to enjoy the full profits of a trend.
Bill Poulos's Forex Profit Accelerator trading course is considered one of the most comprehensive in the field. However, it isn't cheap. The question is: Does this course warrant its high price tag?
The first thing you need to realize that the amount of money you can make in the Forex market is virtually limitless as over 2 trillion dollars exchange hands on it every single day. So what you need to be looking for is a course which will teach you all you need to know in order to make money. Sure, there are online courses that promise to teach you everything under the sun for under 0, but you should always remember that you get what you pay for. If you want a simple ebook, then go ahead and try one of those cheap courses.
Forex Trade Alerts
However, if you're looking for a course which provides you not only with comprehensive knowledge but also a support system to see you along, then Forex Profit Accelerator is indeed worth it. With ForexProfitAccelerator, you get 1 year of full support in your trading endeavors and you also receive frequent webinars and other education material to help you make more money on the currency market. These webinars are themselves invaluable.
The best thing about FPA is that this is a limited course so only a small group of people can attend this means that you can get personal support. Also, the course is built in such a way that you can fit the strategies it teaches you to your personality and financial condition and so it's not a strict one method system like other courses.
The final point is that this course teaches you valuable and potent trading methods which can help to make you more money in the Foreign Exchange market so you'll be able to earn back the price of the course and much more.
Bill Poulos's Forex Profit Accelerator - Is it Worth Its Price Tag?