Thursday, November 29, 2007
Engagement Rings
Forex Trading Success - Catching Big High Reward Low Risk Turning Points
For the savvy forex trader the best opportunities are at big market turning points. Although the majority never spot them they offer the highest reward and the lowest risk and if you can spot them you can enjoy forex trading success.
A market (any financial market not just currency trading) moves to this equation
Market Fundamentals + Human Perception = Price
It's a fact that humans are not creatures of logic but of greed and fear and they always push prices to far up or down away from the fundamentals and then prices return to more realistic values.
All short term, accelerated price spikes in forex trading are short lived and prices tend to turn when the fundamentals are most bullish or bearish and that has been true since the start of trading.
The majority of losing forex traders get caught at these turning points (95%) and the savvy pros make a killing - so how do you spot these changes and enjoy currency trading success?
They can be seen on any forex chart and if you have the right technical tools you can act on them and get your market timing right and execute a great contrary trade.
Here are some clues on how to spot these turning points.
Watch for a forex trend that is moving quickly and accelerating upwards, moving based upon bullish or bearish news that says there is no end in sight.
Bollinger Bands
Next watch for high volatility and a great way to spot this is a price at the outer Bollinger Bands or beyond it.
Now you can be alert for a trend change.
You don't predict you wait for confirmation and check 3 other indicators (all the indicators here are discussed in our other articles so look them up)
Look for the ADX Line to be above 40 combined with RSI in overbought territory.
Now Confirm Your Trading Signal
To trigger the move, watch for a stochastic reading to cross down with bearish divergence (in a bull market) or up with bullish divergence (in a bear market), to trigger a sell from overbought or oversold levels.
This set up is even better if it has been preceded by an ADX signal turning down from above 40.
Trading Price Momentum Divergence
The above tools if used in the above way, in a forex trading system, on strong bull or bear markets, will help you catch a counter trend as the bullish or bearish news peaks and momentum diverges with price.
With a little practice you will never miss a big turning point again also, the more volatile and exaggerated the move the better!
100% + Profits
These are what I call the 10:1 trades and they will normally see the amount of potential reward to be 10 times the risk.
Most traders can't do the above.
They get influenced by the herd and the news - but if you stay detached watch your charts and execute your forex trading system with discipline, you can pile up huge profits.
Emotional Price Spikes Will ALWAYS Occur
Human nature is constant and humans always push prices to far up or down - so this method will always work.
Savvy forex traders and make sure their smiling and making big profits while the losing majority get hammered.
If you want to enjoy forex trading success, practice the above and you will soon be piling up some big FX profits.Tuesday, November 27, 2007
Bill Consolidation Guide
BillConsolidation.net informs prospective borrowers about the nature of consolidating bills by simply presenting facts according to what people typically want to know about. Sections are then created, which are but presented in a drop down format. The site’s homepage will introduce you to the different information categories that the site carries. Their contact information is also featured right at the homepage for direct access. Aside from that, the site is designed in a way that every visitor will automatically be drawn to registering for their service, and this is done by way of presenting a short application form that asks mainly about your name, email address, phone number, state, best time to contact, and total unsecured debt. If you want to try their service out, filling this form up will lead you to the core of what BillConsolidation offers.
As a bill consolidation guide, expect to find details about the nature of bill consolidation right on the site’s landing page. The definition and types of bill consolidation are detailed, as well as the reasons to consolidate. Many different sections featured for you to check out. If you choose to learn some helpful ways to get help with your multiple bills, click on the “Help With Bills” tab. There is also what they label as the “Have Bad Credit?” feature, which details much about how a bad credit score holder can manage his or her debts without much hassle. Avoiding bankruptcy is detailed here, then informing prospective borrowers the importance of maintaining a good credit score.
A lot more helpful materials are provided by BillConsolidation.net. Whatever you wish to know about it, the site is continually updated to help you live a life that is debt free.
just feel free to browse through their portal and you’ll be flooded with all the necessary facts and details. There is even a section for those who have bad credits, and if you are interested in knowing the basics of looking for the right non-profit consolidator, click on the site’s “Non Profit Help” section and see what you can learn.
Forex Trading Systems - Are Computers Better Than Humans?
Can you really make money by following a computerized forex trading system? Well a while ago I bought one and knew the vendor and knew one of his clients made $1.4 million with it REAL MONEY in just a few years. Now that sounds great - but there is a catch with computerized trading systems ...
The catch is executing them - let me explain this in more detail.
I bought the system and it consisted of one parameter and that was it. The logic was easy to understand and you could see why it worked longer term - but do you know what?
I couldn't execute the system in line with the signals and this is a common problem.
My reason was it was at the start of my trading career and I was trading money I couldn't really afford to lose - I put my own input in ruined the system and got my reward - a huge loss.
Serves you right you may say and yes it did - but there are other related problems why traders lose.
Most of the Systems Sold Are Junk
I know now with my experience of trading 99% are junk and will never re produce the gains they make on track records presented - Why?
Well at least on the one I traded had a real time track record - but most sold today, are by marketing companies who simulate in hindsight a track record - well we can all do that knowing the closing prices!
They are normally based upon rules that are not revealed, or rules that have been curve fitted (if you don't know what curve fitting is look up my other articles) and the trader who thinks he will get rich for a few hundred bucks or so gets wiped out - lesson learned.
To trade a system, you really need to look for a real time track record but even with this, you face a problem:
Drawdown
Drawdown is the problem with any system. Those losses on paper, don't hurt like they do when you lose real time.
If you are following a forex trading system always assume the worst drawdown is ahead (and very few good ones drawdown by less than 30%) so, when studying the track record, don't look at average drawdown, look at worst peak to valley drawdown in amount and period of recovery and accept that's going to happen - that way things can only get better.
Following the markets
If you follow a purely mechanical trading system don't watch the news!
Whilst we know its wrong and reflects the herd, when your trading system opposes those sensible news stories, you have a problem of discipline and believe me, those news stories can frighten the hell out of you and make you feel dumb for following even the best systems.
Pay to much attention and you are tempted to interfere with the system and that means the end of your system.
Following mechanical trading systems is hard and you must be disciplined at all times.
You need to ignore the news, accept drawdown cheerfully and understand the system logic and ideally to instil confidence, have a real time track record, to know the system has at least worked and is based upon sound logic.
If you can do the above, then mechanical systems are a great way to make money.
If you cant, then you should devise your own with as much human input as necessary, to make you feel comfortable.
The system I traded on and lost, won for many people and its logic is timeless - but I made no money with it which taught me one of the biggest lessons of my Forex trading career.
Forex Trading Systems - Are Computers Better Than Humans?
Can you really make money by following a computerized forex trading system? Well a while ago I bought one and knew the vendor and knew one of his clients made $1.4 million with it REAL MONEY in just a few years. Now that sounds great - but there is a catch with computerized trading systems ...
The catch is executing them - let me explain this in more detail.
I bought the system and it consisted of one parameter and that was it. The logic was easy to understand and you could see why it worked longer term - but do you know what?
I couldn't execute the system in line with the signals and this is a common problem.
My reason was it was at the start of my trading career and I was trading money I couldn't really afford to lose - I put my own input in ruined the system and got my reward - a huge loss.
Serves you right you may say and yes it did - but there are other related problems why traders lose.
Most of the Systems Sold Are Junk
I know now with my experience of trading 99% are junk and will never re produce the gains they make on track records presented - Why?
Well at least on the one I traded had a real time track record - but most sold today, are by marketing companies who simulate in hindsight a track record - well we can all do that knowing the closing prices!
They are normally based upon rules that are not revealed, or rules that have been curve fitted (if you don't know what curve fitting is look up my other articles) and the trader who thinks he will get rich for a few hundred bucks or so gets wiped out - lesson learned.
To trade a system, you really need to look for a real time track record but even with this, you face a problem:
Drawdown
Drawdown is the problem with any system. Those losses on paper, don't hurt like they do when you lose real time.
If you are following a forex trading system always assume the worst drawdown is ahead (and very few good ones drawdown by less than 30%) so, when studying the track record, don't look at average drawdown, look at worst peak to valley drawdown in amount and period of recovery and accept that's going to happen - that way things can only get better.
Following the markets
If you follow a purely mechanical trading system don't watch the news!
Whilst we know its wrong and reflects the herd, when your trading system opposes those sensible news stories, you have a problem of discipline and believe me, those news stories can frighten the hell out of you and make you feel dumb for following even the best systems.
Pay to much attention and you are tempted to interfere with the system and that means the end of your system.
Following mechanical trading systems is hard and you must be disciplined at all times.
You need to ignore the news, accept drawdown cheerfully and understand the system logic and ideally to instil confidence, have a real time track record, to know the system has at least worked and is based upon sound logic.
If you can do the above, then mechanical systems are a great way to make money.
If you cant, then you should devise your own with as much human input as necessary, to make you feel comfortable.
The system I traded on and lost, won for many people and its logic is timeless - but I made no money with it which taught me one of the biggest lessons of my Forex trading career.
Monday, November 26, 2007
online slots
There are few good websites who provides gambling online. one of them are sloterix. This website has the whole hub of playing with slots. If you want to earn while palying online slots using the virtual online slot machine go to their website to take a challenge on their slot machines and whose knows you are one lucky winner!
Forex Education - Forex Discipline the Key to Winning Is Hard To Achieve
The first point you need to understand as part of you forex education is your success will not just depend on your method but your discipline to execute it. Most traders can't and lose and this is because they don't understand that discipline can only be acquired, if you take on traits that are not acceptable in normal society.
Discipline in forex trading means - you have to accept that you are going to need to act in a way that would normally be seen as acceptable in everyday life. People find this hard to do and some explanation will make this clearer.
1. Be a Loner
Man is a pack animal and since stone age times we have sought safety in groups - they make us feel safe, wanted and accepted. In forex trading however if you run with the pack you are going to lose, as 95% of traders do and thats a fact.
When man gets in a group he runs with the herd and the herd is always wrong in forex trading, as you are infleunced by the emotions of the crowd.
You need to be a loner and not listen to others - don't share your opinions with others and don't let others influence you. You're on your own - but that's the best place to be in forex trading and could make you a fortune.
2. Break & Make the Rules
You will hear lots of common wisdoms spouted in forex trading and do you know what?
Most of them are wrong.
This again goes with the fact the majority of traders lose.
In life were used to order:
We stop at red lights, don't drop litter, don't drink and drive etc or we know what the consequneces will be - our lives are ordered for us.
Forex trading is different we get to make the rules and they will decide our financial destiny, as there are none to start with.
The forex market is chaos, an all powerful force, moving as when it wants and only it can be right and only the trader can be wrong.
You need to create a set of rules to work with it and earn your living.
You're a bit like the captain of a ship - the ocean is all powerful but you can make a living from it.
You can navigate it correctly and make a living or you can drown the choice is yours.
Most traders cannot take responsibility, cannot make their own rules and follow the herd, news wires gurus, or sure fire trading systems and lose.
3. The Work Ethic Doesn't Apply
In most jobs the more hours you put in the more you get out in terms of reward - not so in forex trading, you only get rewarded for being right and that's it.
You can spend 20 minutes a day or 5 hours - but that will not influence how much money you make.
Many traders work hard but they don't work smart they learn lots of information and lose - others work short periods work smart and win.
4. Most Traders Can't Accept Big Gains
This may sound odd but it's true.
Traders hit a trend and then rather than follow it want to snatch the profit.
Why?
Because they think it's too easy, they haven't put enough effort in and it really won't run on - but it does and they snatch it early, before it gets away.
In many instances they can't believe they can make a huge profit for so little effort or they simply don't have inner confidence in their ability and these traders let huge profits get away all the time.
Spotting big trends is easy, holding them requires huge mental discipline.
So if you learn one thing from your forex education, learn that it is not hard to learn a method but it is hard to learn the discipline to execute a method.
Discipline is hard because it sets us against the market on our own and makes us responsible.
Running with the pack, listening to the news or a guru won't help - you're on your own and most traders simpy cant accept this fact.
Of course if you accept the above, take responsibility for your actions and understand yourself, you can earn huge rewards.
Wednesday, November 21, 2007
Drivewire - Auto Parts and Accessories
Drivewire.com provides excellent auto parts for all kinds of cars. The site is the house to much kind of auto parts such as ford auto parts, BMW parts, Volvo parts and much more. The company specializes in all types of car parts and all other auto accessories. The company has had an successful run for more than six years and has one of the largest catalogs with two hundred and fifty plus auto manufacturers on the list and increasing steadily. The company offers free shipping for purchases over than $50 and will be delivered to your door steps within 24 hours.
Forex Expert Advisors--Living Up To The Hype?
As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.
Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) - inconsistent.
Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of becoming millionaires overnight trading some "guru's" trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru's.
An Expert Advisor is a "robot". Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.
The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.
Some quick highlights of the Kiss Trading System:
* Requires no technical indicators * Uses a "Set and Forget" strategy to free up your time * Makes only 1 trade per day at the same exact time * Requires only 3 minutes per day (or less) * Is fully automated with a metatrader Expert Advisor (EA) * No losing month for over one year * Averages +75 to +150 pips per month * Average returns of 5-25% per month
Sunday, November 11, 2007
UK Cask Advance / Payday Loans
Many people believe that a Cash Advance will cost you a lot of money when compared to conventional loans. However, in a Salary Advance people only take money out for a short period of time and therefore it costs much less then the alternative. You can’t go to the bank and expect to borrow as little as 80 pounds. Furthermore, there is a lot of paper work to fill out before that can happen.
With a Cash Advance it doesn’t take long to borrow money. In most cases it can be done within a few hours and then you have the money you need to get you through your current crises. The next time your bank account runs low then you should consider these Cash Advance options to help you out before you have a big problem.
Forex - The Only True Global Market
Trading, whether it is stocks, commodities, or derivatives (like futures and options) can be a very lucrative business to be in.
With the decision to become a trader, you must also choose what type of market you will focus on and what instruments you will trade. Will it be shares of publicly traded companies, commodity future contracts like oil and gold, or currencies.
Most of the financial markets that exist in the world today are within the framework of a central exchange, and for that reason they are limited in their scope and daily trading volume. Every market except one, which is the foreign exchange currency market.
The foreign exchange (forex) market has no central exchange, and instead it exists only as a highly interconnected web of bank servers and individual brokers. The 'over the counter' type of trading tends to be much larger in scope than trading centered around a central exchange (such as the NYSE), and for the reason the forex market is hands down the largest financial market in the world with daily volume surpassing $2 Trillion USD.
The forex market is the only true global market that exists, as it is not based in one specific country and instead is created by the perpetual buying and selling of banks and financial institutions in every major city, 24 hours per day.
Unlike traditional exchange-based markets which have set times that they are open and closed, the forex market literally follows the span of daylight around the planet.
When you are a forex trader you need to be familiar with the term 'global trading day.' The global trading day begins with the London market open hours (about 3AM New York time) and continues across all the major cities and time zones.
There are three distinct times throughout the global trading day when there is the most trading activity (and consequently the most liquidity). These times are based around the open-hours of the three major cities in the world where the largest volume of forex activity takes place: London, New York, and Tokyo.
So what does this mean for you, the trader? Because the forex is a global market and there are no set open and closed times, it is possible to trade at any time during the day (except on weekends).
It also means that due to the level of daily trading volume, this market is very liquid and it is virtually impossible to get 'stuck' with an open position.
Because of these lucrative trading features, many firms and brokers have sprung up to cater to the large demand of forex market access. Many of these companies offer highly advanced trading platforms that feature very low commission trading and seamless market entry/exit.
All in all, forex trading is by far one of the coolest ways around to make money today, since all you really need is a broadband-enabled laptop and a funded trading account to make money from anywhere in the world.
Friday, November 9, 2007
Honda Car Quotes - CarsBlvd.com
At CarsBlvd, people can get Honda Car Prices and more. People looking for an all-in-one place to get their car quotes should definitely look up CarsBlvd because their service is not only fast and free, they can also provide you with the complete package by offering you car insurance, warranty and refinancing options. For whatever SUV, sedan and truck you want to get for next year, CarsBlvd has got the best online deals for you.
Trading Forex With The Right Software
The trading software is one of the more overlooked aspects of trading Forex online. For those who are not familiar with the Forex market, it is extremely fast-paced and volatile. That is why all brokers claim that their software offers the minimum latency in providing real-market updates. Unfortunately, this is a very generous statement and it does not take into account the client's internet connection or his geographic location.
The client's connection to the web is obviously the most important factor regarding receiving real-market updates from the broker. It really should be the best connection that one can afford, whether it is cable, satellite or ISDN. Cable is the preferred connection, as it is more secure and offers greater bandwidth.
And then there is geography. It is common sense that Broker X who is located in Toronto can establish contact with Client A located in Montreal much faster than Client B, who is located all the way down in Mexico City. The fact is that all internet connections are affected by distance. The farther a client is away from his broker, the more delay he will receive as a result because of the physical limitations imposed on wiring. Thus, always research your broker's geographic location before selecting it as the right one for you. For best results, always choose a broker who is closer to you.
Any decent broker will offer its trading software for free. Some will even offer different versions of its software for traders of different skill levels. Usually, "advanced" versions loaded with extra features are available for free to those who request them.
Trading software comes in two flavours- web based and client based software. If your broker offers both kinds, great! Each has its own advantages, but it is the general consensus that web-based software is better.
Web based software operates completely on the broker's server and is interfaced through a web browser like Internet Explorer or Mozilla Firefox. This creates a lot of flexibility for the client, as he can access his Forex account anywhere providing he has access to an ISP and a browser. Security with web based software is not an issue, as all exchanges between the client and the broker take place over secured sockets and are heavily encrypted.
Client-based software is downloaded onto the computer and executed from there. It is faster and more convenient to access, and is more "homely" in the sense that it will blend into your desktop environment. However because client based software resides on your computer and stores sensitive information like name and passwords locally, it is very vulnerable to hackers. If they managed to sneak pass your firewall through Trojans or some other backdoor virus, they can do great harm to your bank account.
If you are just starting off with Forex, be sure to take these factors into consideration when selecting the best broker. Analyse the features of the provided software to make sure that they're right for you. So with all that said, good luck and happy trading!
Thursday, November 8, 2007
California Drug Rehab Center - DrugRehab.net
Recovering from a drug or alcohol addiction can also be done throughthe help of a Drug Addiction Treatment Center. It's a lifelong process. Many people find that joining a support group can help them stay clean. There are Drug Free Rehab that offers support and help for a good recovery. Here they will meet people who have gone through the same experiences they have, and they'll be able to participate in real-life discussions about drugs. So to help a someone Visit DrugRehab.net for further information to make someone have an addiction free life.
Payday Loans
Today I saw an website which deals in financial matters specially in Pay Day Loans this website is called PaydayLoanQuotes.com. The speciality of this site is that many us many time need emergency money for work at this difficult moments this website help us & fullfils our financial needs. Before somedays I need money for my girlfriend but unfortunately at this time No Fax Payday Loans are available in my country. But many of you are in thinking of the “payday loans” concept I explain it.
It is a financial matching service. Matching prospective borrowers with prospective lenders. So, definitely this is neither a financial institution nor a lending company. This is just a financial matching service which deals in payday loans. No more no less. But the services of PaydayLoanQuotes.com are absolutely free.
Furthermore, Using the facilities of this site will give you an almost effort less but quick pay day loans for your emergency needs. It is a Faxless Payday Loans. You just only need to fill up its online form provided. And after you submitted your application PaydayLoanQuotes.com will attempt to match you from its network of licensed lenders.
The homepage of PaydayLoanQuotes.com is easy to navigate. You can not miss any valuable or important information’s you need to know before applying for a payday loan. Good Luck!
Forex Trading - A Simple Method To Target 100% Gains
Here we will look at a simple method anyone can understand and use and a potential opportunity shaping up right now that could yield big gains with low risk for any forex trader. Let's discuss this forex trading method and give you an example, shaping up right now.
The method is really common sense and easy to understand and is based on this equation.
This article is being written on Thursday November 1st.
Fundamentals + Investor Perception = Price.
It's a fact that currency markets move in line with the fundamentals but it's not as simple as just looking at the news - in fact if you try and do this you will lose.
The reason for this is the markets are a discounting mechanism.
News is discounted in a split second in today's world of instant communications furthermore; humans have to decide what the facts mean and their not logical or sensible!
They are influenced by greed and fear and a host of other inputs.
Prices Have Gone to Far a Turn Coming
The fact is throughout history humans spike prices away from fair value when greed and fear take hold and then prices return back to fair value.
If you look at news and its influence on price and then use forex charts to spot prices being pushed to far from fair value, you can get some great contrary trades - now let's look at a specific example.
If you have read my previous articles you will have seen how bullish I have been of the commodity currencies and with the Aussie and Canadian dollar making new multi decade highs we have cleared 1,000 pips - that's right, a 1,000 so, not a minor profit! You can see the reasons we used in our other articles.
The above was not doing anything complicated just following the long term trend but now if you look at the news - the bullish news has pushed prices too far - here's why.
Yesterday we had FOMC and they cut rates by 0.25% - this was expected and discounted but there was some bullish news the market ignored.
First, the Fed tempered the view that they would cut rates further but the most interesting bit of news was.. The economy expanded by 3.9%, versus calls for 3.0% GDP growth and up slightly from the previous quarter at 3.8%. This is the strongest growth since Q1 2006.
The short Term Bearish Scenario Is Peaking.
Of course, this doesn't mean that the dollar is "out of the woods" long term - but short term the market bearish news has peaked. Many investors were looking at 3.0% in terms of GDP and 0.5% in rates so we could see a turn.
Non farm payroll on Friday could be it at expected levels or better and the dollar could rally.
The market has pushed to far from fair value and the fundamentals and a short covering rally could be on the cards. There are a huge number of speculators long, making money and the market will flush them - it's just a question of when.
Watch The Following:
Let's take the Canadian dollar as an example.
Were long but we can see the warning signs that it could turn and there is also another factor with this currency - Crude oil.
Crude has made a huge rise and many are talking of $100 a barrel maybe we will get one but only as a spike. Fact is there is no shortage of oil, this spike is pure emotional trading and a retreat to the $80.00 level could come any day and longer term $60 - 70, looks fair value.
With the Canadian dollar were looking closely at oil for a top which should add weight to the fall as Canada is a major exporter.
What are the charts saying?
Pull up a daily chart of the Canadian Dollar and you see new highs and no warning signs of a top - but pull up a monthly or weekly chart and you will see the "wood from the trees", a spike that needs to correct.
When will it come? No one knows but the odds are the daily chart will show signs in the next few days on the Canada and a low risk high reward correction will occur.
There' an old saying...
"If you can hold your head when others are losing theirs you probably haven't hear the news"
In this instance it is simply you have heard the news - but you are stepping back from the majority view, getting your forex charts out and seeing the reality - a profit opportunity.
Watch action after non farm payroll and see what happens - don't jump to soon, prices will tell you what to do.
Good luck and good trading!
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