Vital Components of a Comprehensive Trading Plan

Illustration: Analyze

You must have heard several times that it is important to have a trading plan and stick to it. Not having a trading plan is like an invitation for failure as a trader. What is meant by building a trading plan? Here are some broad points to consider.

The Importance of a Trading Plan

Trading plan is nothing but a checklist. You refer to it before taking a trade. When in a trade you refer to it to make sure that you take a decision according to a plan. Checklist also helps you to stay away from trades which are low probability set ups. The whole idea behind the trading plan is to keep emotions away and take decisions logically.

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GBP/USD Forex Strategy That is Very Simple and Makes 20 Pips Daily Using Pending Orders

Illustration: USD

GBP/USD is one of the major pairs that gets heavily traded. GBP/USD pair is also known as the Cable. GBP/USD pair is affected by the interest rate differential between the Bank of England (BoE) and the Federal Reserve (FED). GBP/USD pair tends to have a positive correlation with EUR/USD and a negative correlation with USD/CHF. For example, a few days back this pair was trading in tandem with the EUR/USD pair.

Many traders trade GBP/USD and EUR/USD. They need to keep the positive correlation between the two currency pairs in view when trading both these pairs together. There are many strategies to trade the GBP/USD pair. Some are heavily based on the London Market Open as this pair normally starts trading in a range a few hours before the London Market open and tends to make a breakout after the London market open.

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Using Parabolic SAR Indicator for Entry and Exit

Illustration: Money

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.

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Understanding Parabolic SAR Indicator

Illustration: Analyze

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.

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The Simplified Currency Conquistador Strategy

Illustration: Money

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:

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ADX Trade Entry and Exit Filter That Will Improve The Performance Of Your Trend Trading System Drastically

Illustration: Analyze

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.

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Ultra Fast Profit

The purpose of this page is to encourage and collect the user reviews of a Forex product called Ultra Fast Profit. 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 ultrafastprofit.net.

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Forex Arbitrage

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Arbitrage. 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 forexarb.com.

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Trade Forex as a Business

Illustration: Forex Chart

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…

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3 Day Trader

The purpose of this page is to encourage and collect the user reviews of a Forex product called 3 Day Trader. 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 3daytrader.com.

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1 Hour Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called 1 Hour Forex. 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 1hourforex.com.

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Top 4 Issues Facing the Currency Trader

Illustration: Euro

From my experience, the key to longevity as a Forex trader is to understandthe challenges that abound in the unpredictable world of currency trading.

By knowing your market and having a deep appreciation of the main variables at play, an experienced trader can equip him or herself with the necessary arsenal of tools to ensure consistent results over a profitable trading career.

In my mind, there are 4 key aspects to this:

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Hedge Fund Copier

The purpose of this page is to encourage and collect the user reviews of a Forex product called Hedge Fund Copier. 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 hedgefundcopier.com.

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The Simple 20/20 Channel Breakout System That Made Many Millionaires

Trading Strategy

20/20 Channel Breakout Trading System is a simple system that was first suggested by Richard Donchian. Richard Donchian is considered to be a pioneer of technical analysis. He was the first person to talk about channel breakouts. He suggested a 4 week rule for trading channel breakouts. It was Richard Dennis who used this channel breakout trading system extensively and made a fortune in the commodities market.

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Paint Bar Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called Paint Bar Forex. 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 paintbarforex.com.

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Things You Never Knew About Forex Success

Illustration: Currency

It’s funny how, in this crazy world of Forex; success seems so close… yet so far away. Do you get frustrated why you buy a Forex system – and it seems like a “re-hash” of something you’ve seen before?

Well, if I may ask you a question… What are you expecting in a “new” Forex system?

Are you expecting some revolutionary, latest-technology, never-before-seen system like you’ve never seen before?

If so, then you may have a long time to wait before you finally start getting success in Forex.

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Quick Fix Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called Quick Fix Forex. 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 quickfixforex.com.

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Who Wants a Simple Forex Strategy?

So you just want a simple Forex strategy to trade? Okay, let’s see what we can do…

Firstly, you want to get the probabilities in your favour; this means making sure you’re trading WITH the trend. Yes, I know, you’ve heard it before – but it’s true; trading with the trend will increase the probabilities for you.

The first thing we do is place two moving averages on the chart. The first moving average is a 50 Period Exponential Moving Average of the Highs; and the second is the same, a 50 EMA, but this time of the Lows.

You should have something that looks like this:

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Mass Pips Makers

The purpose of this page is to encourage and collect the user reviews of a Forex product called Mass Pips Makers. 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 masspipsmakers.com.

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Easy Click Pips

The purpose of this page is to encourage and collect the user reviews of a Forex product called Easy Click Pips. 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 easyclickpips.com.

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The Ultimate Low-Risk Entry in 3 Simple Steps (FREE Download)

Trading Strategy

I’m going to show you the lowest-risk, most reliable trading entry signal there is. It requires no fancy software or cutting-edge, “latest and greatest” system. In fact, it’s something you may have even heard of before, but ignored it as you were perhaps persuaded by some “fancy” new system.

Anyway, let’s get to it…

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Forex Trendsetter

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Trendsetter. 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 forextrendsetter.com.

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How the Dollar Index Works

Trading Strategy

When trading in the foreign exchange market, the value of the dollar has an impact on much of what goes on. The value of the dollar is influenced by many factors such as the gross domestic product, interest rates and other economic data. To determine the value of the dollar in relation to the other major currencies of the world, analysts and investors use a tool known as the U.S. Dollar Index. The dollar index is a numerical comparison to a basket of six of the major currencies that are represented in the world markets.

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4 Day Forex System

The purpose of this page is to encourage and collect the user reviews of a Forex product called 4 Day Forex System. 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 4dayforex.com.

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Price Action 5

The purpose of this page is to encourage and collect the user reviews of a Forex product called Price Action 5. 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 priceaction5.com.

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A Very Simple Breakout Strategy for Beginners

Trading Strategy

This is a very simple breakout strategy. This simple breakout strategy uses only a line chart and RSI indicator. Line charts are the most simplest of charts. So, when you trade using this simple breakout strategy, you don’t need to get confused with candlestick patterns.

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How to Beat Forex When You Have a Day Job – Part 4/4

Trading Strategy

This is the final part of my FREE Forex strategy for traders with day jobs. If you haven’t read the previous parts yet, you can find them here: part 1, part 2, part 3.

How to Exit Your Trade

This following exit strategy, although extremely simple, is very effective. It will get you out of a bad trade quickly – also keep you in a good trade when you get on a big move.

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How to Beat Forex When You Have a Day Job – Part 3/4

Trading Strategy

Welcome to Part 3 of this tried-and-tested FREE Forex strategy. If you’ve managed to missed the first two parts I highly recommend you check them out; you can find Part 1 here and Part 2 here.

We’re going to go through a specific example trade. This will give you an idea of how simple and easy this strategy really is. It will also give you an idea of how profitable it is as well!

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How to Beat Forex When You Have a Day Job – Part 1/4

Trading Strategy

Welcome to the first in a series of four articles that reveal a FREE killer Forex strategy for those who don’t have time to trade through the day.

Most new traders, like YOU, hold down steady day jobs; and most trading strategies out there are targeted at those learning intraday trading. But intraday trading is just not possible for most new traders.

Perhaps you’ve tried Forex “Robots” or “Systems” in the past but were not happy with your results; today is going to be the day that changes your Forex trading forever. Not more systems, robots or signals.

I am going to show you exactly how to trade successfully, profitably and easily for YOURSELF.

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Forex Candle King

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Candle King. 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 forexcandleking.com.

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CFD Trading and the FX Market

Trading Strategy

Markets can often be a perplexing arena, with both positive and negative market movements. CFD trading can be used as a financial vessel to trade on these directional trades, enabling traders to react to not only positive market change but also dropping stock value.

The principles of CFD trading are derived from a contract for difference. The notion of a contract inevitably incorporates a two way relationship. The idea of 2 is at the heart of financial trading with a buyer and a seller forming the foundations to multiple trading relationships. At the core of CFD trading resides the concept of underlying value, not necessarily the stock you own but instead the movements of a particularly stock.

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Japanese Machine Orders and Binary Options Strategy

News

Machinery orders offer a valuable insight into a country’s spending. Historical technical patterns resulting from the release of Japanese Machine orders, if high normally results in a bullish attitude towards the yen but with the shock of recent events re-writing past predictions, the outcome of the latest Japanese Machinery orders inevitably attracted market attention.

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Trade Forge FX

The purpose of this page is to encourage and collect the user reviews of a Forex product called Trade Forge FX. 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 tradeforgefx.com.

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Forex 5 Minutes

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex 5 Minutes. 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 forex5mins.com.

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Forex Pip Taker

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Pip Taker. 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 forexpiptaker.com.

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Basic Forex Strategies

Trading Strategy

The multi-billion-dollar per day Foreign Exchange Currency Market (Forex) is appealing to the individual investor because it is one of the most liquid investments available. In a way, it is a very simple, straightforward type of investing. Prices can either go up, down or sideways.

That is not to say that you can simply open a Forex trading account with a broker and start placing trades, unless your goal as a Forex trader is to become what’s known as, in Forex jargon, a “donor.”

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How to Trade Out of a Bad Losing Position in Forex Back into Profit (Part I)

Trading Strategy

You need to learn how to effectively trade out of a losing position into profit as a trader. If you apply proper money management, this situation might not arise. But suppose, you made an error of judgment and all of a sudden find yourself in a runaway trade that has the potential of blowing your account.

This situation can easily arise when you are using a mental stop instead of a real stop loss. This is what many pro traders do. They instead of using a real stop use a mental stop that they use to get out of the market. But pro traders also do another thing. Instead of getting out of the market, they prefer to slowly trade their way out of a losing trade.

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Trading The Friday To Sunday Extension

Trading Strategy

As a forex trader, you can exploit the Friday to Sunday Price extension to make 10-30 low risk pips during the weekend while the markets are closed. This trading strategy works very well when there is high volatility on Friday like that what happens on the release of NFP Report.

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Top 4 Reasons Forex Traders Fail

Trading Strategy

Most forex traders fail. While we don’t have completely accurate statistics to back up this statement, it is estimated that 90% – 95% of forex traders lose more money than they make.

The question that unprofitable traders continue to ask is, “Why can’t I make money in the foreign exchange?” Sometimes it even seems like the whole world is against you – your broker, your government, and, many times, even yourself.

But fear not. There are some common reasons why traders tend to lose money in the forex, and with a bit of knowledge, experience, and discipline, most of the reasons can be overcome. Let’s take a look at 4 common reasons for trading failure now.

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Forex Bill Killer

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Bill Killer. 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 forexbillkiller.com.

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