Forex Day Trading System - Exciting Info!!

Forex Day Trading System - Exciting Info!!There are quite a few exciting infos that I have to share.First, my blog has reached 600 subscribers in the RSS feed list..Thanks to all of you for making it such a popular blog site..Keep visiting and I'll share lot of other useful information also on the world of forex trading.Next exciting news is that I am in middle of creating a forex trading course

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

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

NFP today impacted the EUR/USD

NFP today impacted the EUR/USDToday Non Farm Payroll were announced. As always it caused some ripples in the market and that set the market in motion. EUR/USD especially broke out of the range which it was in for last 2 days.If you llok at today's NFP announcement, it led to a partial bullish candle on 1 hr chart. After the candle closed at 9 AM EST, the next candle closed outside the highest of

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

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

Top Sources to learn forex trading online

Top Sources to learn forex trading onlineSorry for posting after quite a while..I was working on something which I'll share with you within next few messages. Its kind of nice new thing. People generally tend to ask me how should they learn about trading forex. This is a very common question. With so much information flowing on internet and significant amount of it being scan, its not difficult

Major currency pairs are showing the reversal pattern

Major currency pairs are showing the reversal pattern -GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.Use a forex trading system and identify an entry bpoint to go short.. There are

Day trading the Forex: Zing is missing from the NFP announcements

Day trading the Forex: Zing is missing from the NFP announcementsSomehow that volatility for which Non farm payrolls and related fundamental news and announcements are famous, is missing.Yesterday's NFP was $ bullish and EUR/USD currency moved only 80 pips as against the typical movement of 100-140 pips..Is it because the NF payroll is not being treated as important by market anymore? This

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: 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 volatility when news break out

Forex Day Trading System: the volatility when news break out People many times ask me why does the volitility increase significantly when a fundamental news announcement such as FOCM or NFP comes out?It may seem to be simple question for some of you, but I must tell you that it is very important for those who don't know.Volatility is driven by the number of people in the forex market to buy or