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 system - The market trigger called NFP

Forex Day Trading system - The market trigger called NFPCurrently the forex market is range trading..Its not trending at all. Thats what happens when a fundamental announcement is about to come out. If the fundemental news is not big, the range bound movement may happen on the 15 min chart. However if the fundamental announcement is as big as NFP (Non farm payroll), then the range bound movemet

Forex day trading - Range of any currency

Forex day trading - Range of any currency pair.After a currency pair has been in a trend for while, it stops for a while and starts range trading. This is applicable for all time frames be it daily, weekly, 15 min or 1 hr or even 5min. Once the currency pair has caught the breath, it starts trending again. The trend can be any direction, however the forex pair mostly goes as per the elliott

A key point to fit in your forex trading style

A key point to fit in your forex trading system -I was reading an ebook on Forex Trading the other day. It was full of trading strategies. Ofcourse not all strategies fit trading style of everyone. Some are for forex day trading and some for swing trading.However there is one point that caught my attention on money management - "Never let a profitable situation end in a loss" This means that if

Famous and reliable resources to learn Forex Trading

Famous and reliable resources to learn Forex Trading -Thanks for visiting my site again. As I was mentioning in my last post, this post is about relaible resources for learning currency trading. Without learning from the great resources if you start trading, let me tell you that it is as good as seeing money go down the drain. So, choice of a good resource ( an ebook, or a video course, a paid

The Forex Trading Blog - Some interesting facts..:-)

Here are some interesting facts on "The Forex Trading Blog" -As I mentioned in my previous post, it took more than 5 days infact 7 days to be precise for the 1st visitor to visit this site since I started it on 13-May-06. However once it started, there is constant increase in the readership. The most popular post that is read again and again on this site is the one in which I mentioned the ebook

Forex Day Trading System - Its that time of month again

Forex Day Trading System - Its that time of month againYes, its Non farm Payroll time..or popularly known as nfp..The hottest news of monthly forex calender. As like last month, I am going to try few forex strategies that learnt from Avi Frister's popular ebook. Also, I am going to try some more startegies that I am trying to develop on my own.For the last 2 months, I am finding that NFP is not

Forex Day Trading system : Hitting of stop loss on my last trade

Forex Day Trading system : Hitting of stop loss on my last tradeToday the EUR/USD market unexpectedly turned. Euro became stronger and the currency pair jumped about 100 pips in a span of 2 hours..As expected, it would have taken out the stops of all the forex traders that were short.That included me as well. My trade was short and was up 67 pips. My stop loss as 40 pips away. Since my stop loss

Forex Day Trading system: My results for the last NFP announcement

Forex Day Trading system: My results for the last NFP announcement.Few days back I mentioned in my post that I am going to trade Non Farm Payroll as a trial using Avi Frister 's system in Forex Trading Machine course..Along with that I thought of trying another forex strategy that I came to my mind few days back..Its more of a hedging technique.I cannot tell you the details about the strategy

Forex Day Trading System - The most volatile time of the month is NFP (Non Farm Payroll)

Forex Day Trading System - The most volatile time of the monthTomorrow is the most volatile time in a month of the currency trading market..Yes its Non Farm Payroll time.. I like the way the forex pairs jumps during this announcement..The candlesticks size is big, the technical indicators such as RSI, EMA or MACD etc don't make sense and all the analysis goes for a toss..Its really exciting..I

Forex day trading System - Catch a trend and ride on it

Forex day trading System - Catch a trend and ride on itOff late you must have seen that EUR/USD is in tight range bound condition. When that happens and if you are more of a trend trader, then its not an ideal forex trading market for you.Then should you stop trading? Or should you adapt to a differnt time zone?? You can do both.You can stop trading till market is ready to explode or you can