Forex Trading - Forex Profit Farm can be the answer to trading successfully!

People struggle in Forex Trading! Thats a cold fact for 90% of traders in forex market. They struggle in making a single profitable trade, let alone making a good living. For most of the forex traders, the problem is not that they don't have commitment or money to spare. The problem is that they receive the systems from wrong hands(with that I mean fake Gurus)When you are going to get a system

Forex Day Trading System - How does Oil Prices effect Forex market?

Forex Day Trading System - Does Oil Prices effect Forex market?Yes, they truely do..Oil price has good, if not strong, coorelation with the currency pair movement. The movement of oil price in any direction is due to the demand and supply. If the demand of oil is more, the price will increase else otherwise. Since, USA is not a producer of oil, increase in demand will essentially mean that USA

Forex Day Trading System - Thanks for joining

Thanks to all of you who have joined my list and shown an interest in reviewing my currency trading course which will be launched quite soon. Remember the course contains a lot of interesting material and will have excellent strategies. So I need all the joinees of my list who will be selected to review this course to maintain confidentiality.Very soon all of you will receive an email from me

Forex Day Trading - Important Announcement!!

Forex Day Trading System- Important Announcement!!I have an important announcement to make..Infact I need your help. As you know I told you in some of my previous posts that I am going to launch a new Forex Trading course. It is an ebook which contains great strategies. Not only are these strategies very effective, they are very easy to use as well.This course is currently getting prepared.

Forex Day Trading System - Where will the anti USD rally End?

Forex Day Trading System - Where will the anti USD rally End?USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to

Forex Day Trading System - Answers to your questions

Forex Day Trading System - Answers to your trading questionsQuite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.I'll try to answer few of these -Q - How should I identify the entry point when trading GBP/USD

Forex Day Trading - FOMC Rate decision push to market

Forex Day Trading - FOMC Rate decision push to marketToday the FOMC meeting was scheduled and the fx market was speculating about the rate interest decision from the meeting as that will have direct impact on $$ based currency pairs.If the interest rates go up AS PER EXPECTATION then its USD bullish and which means USD will get stronger and will cause EUR/USD, GBP/USD and other pairs to

Forex day trading - How do you decide the stop loss?

Forex day trading - How do you decide the stop loss?The importance of a stop loss when placing a trade, is very evident. One will not want the entire account balance to come to zero which can happen if stop loss is not in place.But how do you decide a stop loss? Should it be anything?? Are there any factors that decide the stop loss?There absolutely are the factors -1. Foremost is how much can

Forex Day Trading - Pounding by USD

Forex Day Trading - Pounding by USD on all the currency pairsDid you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips.

Forex Day Trading : USD/CAD looking more and more bearish

Forex Day Trading : USD/CAD looking more and more bearishAs you know, the fundamentals have a lot of impact on how the currency pairs behave. One of the common fundamental indicators that drive the USD is the oil price. Yes, since the oil and gas is consumed very heavily in USA, it has direct impact on the American inflation and so on the bank rates.However, the price of gas impacts the USD/CAD

Forex Day Trading system - Importance of an oscillator

Forex Day Trading system - Importance of an oscillator such as Stochastic Lot of people try to place trade using a lot of indicators. Well the more the indicators, the less the number of forex trades one can place since one will wait for all the indiactors to line up which will not happen too often. More than that it also confuses matter. According to me use of 2-3 technical indicators tops is

EUR/USD still looking bearish - More pounding to come from $$

EUR/USD still looking bearish - More pounding to come from $$The EUR/USD has just now broken a trend support line on daily chart. The ideal way to trade now will be to use your forex trading systems of fibonacci retracements. Identify the next target the USD can go to on the daily chart and then identify the entry and exit points on the 1 hr chart if you do currency swing trading, or 15 min chart

A landmark post - USD in massive gains

A landmark post - USD in massive gains There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle

Importance of Fundamental announcements in currency trading market

Importance of Fundamental announcements in currency trading market - Just like a space craft going to be launched requires a fire thrust to launch into air, the same way the forex trading market requires the fuel of fundamental news and announcement. Many of the times you must have seen that market is range trading meas the currency pair price is bouncing between a support and resistance line..

You asked on Peter Bain Pivot points forex course and I am answering it

You asked on Peter Bain Pivot points forex course and I am answering it -Since the time I recommended Peter Bain's forex mentor trading course, few of you have come back to me with a common question - "Is it worth an investement?"My answer will be "Yes!!! If and only if you like doing day trading." This essentially means that if you keep your trades open from few minutes to few hours and not

Forex Trading at its best when technical indicators work like they should

Forex Trading at its best when technical indicators work like they should -A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.The same happenned with AUD/USD. My analsis of this

Forex Trading using MACD

Forex Trading using MACD - As I mentioned in one of my previous posts, MACD is one of the very powerful and widely used technical indicator. In fact it is one of the very common indicators used in most of the currency trading system. However, this indicator needs to be used very smartly. Thats because this is a lagging indicator, which means that it gives a trading confirmation after the event

The week opens and so do the forex trader's trading station

The new trading week opens and so do the forex trader's trading station.Today is sunday and the Australian and JPY market are open and I am alreading seeing a lot activity by the currenc traders. Typically this time of the day the volatility is very less. Today its a bit high.The currency pair that is interesting me more is the GBP/USD. The currency pair is already making adouble top. To confirm

Trading with EUR, GBP

Trading with EUR, GBP - The popular currency pairsEver thought which are the most popular currency pairs to trade? Yes, EUR/USD is the popular of all and generally has tightest of spreads which is 2-3 pips depending on the broker.The next is GBP/USD - the highly volatile and has spread of 4-5 pips. What follows is USD/CHF and USD/JPY. Generally have 4-5 pips spread.Remember the high the volatile

Forex Day Trading System : Resources for Forex Charts

Forex Day Trading System : Resources for Forex ChartsIn one of my articles few days back, I mentioned the importance of reliable and realtime forex chart. Some of you have asked me few sources for them.The best source is the chart service that your broker provides. So, for e.g. since I use the plateform offerred by FXCM, I use the chart provided by them since my buy and sell price are reflected