Forex Trading News and Articles
Scaling In and Out of a Position Gives You the Needed Flexibility to Manage a Forex Trade
This is a guest post by Ahmad Hassam
The ideal way to enter into a trade is to do it gradually. This is also known as Scaling In A Position. In the same manner, it is best to exit the trade in a gradual manner. This is also known as Scaling Out Of A Position. Trying to figure out the perfect entry and exit is only going to make you more confused and hinder you in making your trading decisions. There is no perfect entry or exit. You will never be able to catch the top or the bottom at the precise moment.
Using Parabolic SAR Indicator for Entry and Exit
This is a guest post by Ahmad Hassam
In this article, we will discuss how to use the Parabolic SAR indicator for entry and exit in actual trading. When the dots of the Parabolic SAR are located below the price, it means the trend is up and the price momentum is also in an upward direction and will stay like that till the price action hits Parabolic SAR. This is also a signal for a long trade.
When the price action is below the dots of the Parabolic SAR, it means that the trend is down and the price momentum is also in a downward direction and will stay like that till price action hits the Parabolic SAR. This is also a signal for a short trade. The dots will move down as a trailing stop.
Understanding Parabolic SAR Indicator
This is a guest post by Ahmad Hassam
Parabolic SAR is a trend following indicator that is often used as a trailing stop. Parabolic SAR indicator was introduced in 1978 by J. Welles Wilder, Jr. in his famous book, “New Concepts in Technical Trading Systems.”The term Parabolic is used because when this indicator is applied to the chart it forms strings of dots that look like a parabola, a shape you might remember from high school algebra.
The term SAR on the other hand simply means Stop and Reverse because when reached by price action, this indicator switches direction and reverses to the other direction. So a Parabolic SAR is used to identify entry and exit points based on a trailing stop that reverses when reached by the price action.
The Simplified Currency Conquistador Strategy
This is a guest post by Ahmad Hassam
The Currency Conquistador is a forex strategy that was originally conceived by Bruce Babcock in 1991. Bruce is considered to be a pioneer of futures trading. Bruce traded with this Currency Conquistador strategy for a few years then released the Currency Conquistador II Strategy.
Nelson Freeburg also published an enhancement of Currency Conquistador Strategy in 1994 that was more simplified than the original Babcock version and worked for many futures contract as well. Let’s discuss this simplified Currency Conquistador Strategy. First, you need to check these conditions everyday:
ADX Trade Entry and Exit Filter That Will Improve The Performance Of Your Trend Trading System Drastically
This is a guest post by Ahmad Hassam
Average Directional Index (ADX) was developed by J. Welles Wilder. ADX was constructed to measure the strength of the trend no matter if it was an uptrend or a downtrend. The idea behind the development of ADX indicator was not to identify a trend but to measure how strong a trend is when it is in place.
ADX is an oscillator that fluctuates between 0 and 100 values. However readings above 60 are rare. Readings below 20 indicate that the trend is weak and a reading above 40 indicates that the trend is strong. The trend can be up or down. ADX does not tell the direction of the trend. It only gives its strength. Direction of the trend can be easily found by just eyeballing the charts or drawing a simple trendline on the chart.
What Makes a Successful Forex Trader?
This is a guest post by Harry Brown
There are many components that make up a successful Forex trader. Though certain individuals may showcase a particular talent for currency trading, anybody can become a successful Forex trader if they work hard and let reason guide all their transactions. There is much to gain from the high liquidity of the Forex market, but traders who behave irresponsibly will almost certainly suffer losses.
Trade Forex as a Business
This is a guest post by Roland Watson
So you want to earn lots of money and become amazingly wealthy. You have heard the rumours about Forex trading $3 trillion DAILY, and you figure you want a piece of that, just a little bit as you are not greedy…
So you now go out and buy the latest crazes of an EA, one copies the trades of a real life trader, and the other is the best EA on the market that shows that the creator (who used to work as a bin man, and now codes EA’s and buys the latest sports cars etc) turned a measly $100 to earning $56,637 per month stress free…
Make Money by Following Experienced Forex Traders
This is a guest post by Bibika
The Forex Trading Market is a big one. Over 2,5 TRILLION dollars fluctuate this market every day. This is a nice way to get a small piece of a big pie and become very rich in an enormously fast way. That is why so many young traders decide to dive into this market and invest their life savings without digging a lot deeper into the success secrets. This can be very dangerous for any investor. So there are a couple of ways how to insure earnings when you are using Forex Trading system.
Forex Trading During Interest Rate Changes
This is a guest post by Justin Toladro
Forex trading is more affected by interest rate changes made by any of the world’s eight central banks than any other influence. These banks include:
- The Fed (U.S. Federal Reserve System)
- ECB (European Central Bank)
- BoE (Bank of England)
- BoJ (Bank of Japan)
- SNB (Swiss National Bank)
- BoC (Bank of Canada)
- RBA (Reserve Bank of Australia)
- RBNZ (Reserve Bank of New Zealand)
Why PIPS are Almost Irrelevant for Measuring Forex Trading Performance?
This is a post by Neil Refield
When forex traders or companies want to tell other traders or people who might be interested in their trading about their performance they will often show them the number of pips made in a trade or in a given amount of time. Which is not bad at all but not enough information to say if a trader is consistently profitable. A pip in the forex world is commonly known as a point a currency pair moves either up or down. For example if the EURUSD jumps from 1.3800 to 1.3801 it has moved exactly up by one pip. What most traders or signal services do not publish is how much money value each pip has so there can never be made a real conclusion about how much money a trader has won or lost in a trade or during a time period with pips as the only performance information.
