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.
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