Archive for February, 2011

Fibonacci Strike

This is an entry for a Forex product called Fibonacci Strike. The official site for this product is at fibostrike.com. If you’re looking for more info about this product follow the link.


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Forex Accurate

This is an entry for a Forex product called Forex Accurate. The official site for this product is at forexaccurate.com. If you’re looking for more info about this product follow the link.


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Pips Cloner

The purpose of this page is to encourage and collect the user reviews of a Forex product called Pips Cloner. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at pipscloner.com.


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Currency Correlations in Forex Trading

Trading Strategy
This is a guest post by Ahmad Hassam

Everything in the currency market is interlinked to some extent. Most of the currency pairs show correlations. Knowing about these currency correlations is important for you in order for you to reduce risk and diversify your portfolio. This knowledge of currency correlations will help you diversify and double up your investment portfolio without having to invest in the same currency pair plus also reduce your exposure to the market.


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Chinese Tiger Consumes Japanese Economic Status

News
This is a guest post by Becky Ashley

China has consumed Japanese growth, stepping up to its rightful position on the throne of financial supremacy. Binary options can be used to trade on economic events and market direction. China’s increasing prevalence within the financial world, is elevating the impact of Chinese economic events.
Japan has surrendered the title of second biggest economy in the world to China.

Japanese success and forex allure to an extent became a self-fulfilling byproduct of its descent. The rising Yen, driven by investors seeking risk adverse FX pairs, fused with weakening consumer spending to contract Japanese fourth quarter economic results. The tiger’s prowl was in many ways already predetermined by the velocity of Chinese growth throughout 2010, tempering market surprise.


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Forex Fisher Bot

This is an entry for a Forex product called Forex Fisher Bot. The official site for this product is at forexfisher.com. If you’re looking for more info about this product follow the link.


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Bad Risk Management in Forex Trading

Trading Strategy
This is a guest post by Ahmad Hassam

Bad risk management can create stress and ruin your forex trading career. You might have the best forex trading system in the world but it will fail if you don’t practice good risk management. Losses are inevitable with any forex system. But what if you have bad risk management? You will blow out your account soon and most probably don’t have enough money to make those profits that you had dreamed when you started trading forex.

Bad risk management is one of the main reason that fails the budding career of many new forex traders. Many people start trading forex dreaming of making a million in just a few months. They overtrade, take on too much risk and get blown out by the market.


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Push Button Pips

This is an entry for a Forex product called Push Button Pips. The official site for this product is at pushbuttonpips.com. If you’re looking for more info about this product follow the link.


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Keep A Trading Journal

Trading Strategy
This is a guest post by Ahmad Hassam

Why you need to keep a trading journal? Trading is all about being disciplined. Successful traders don’t have any holy grail of systems or indicators. What they have is a lot of common sense and discipline. The importance of keeping a trading journal cannot be overemphasized if you want to become a successful trader. This is how hedge fund managers train their new traders. No doubt, leading banks are able to train and breed successful and pro traders using this simple strategy of inculcating the habit of keeping a trading journal and being disciplined in trading.


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Importance of Timeframe Coordination in Forex Trading

Trading Strategy
This is a guest post by Ahmad Hassam

Using the higher timeframe to confirm a trading signal on a lower timeframe is a skill that can be highly rewarding for a trader. Many traders take a trade that is coordinated on the lower timeframe but not the higher timeframe which often gives them bad trades and a waste of time and energy.

Suppose, you find the trend on the intraday chart and the trend on the daily chart in the same direction, it is like having the wind at your back.If you can master the art of identifying currency pairs that have the intraday trends in the same direction as the daily and the weekly trends, you can reap immense rewards.


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