TRADING ONLY WITH MOVING AVERAGE

TRADING ONLY WITH MOVING AVERAGE

At the moment I am rather busy. Moving to a new place and house. The house still needs a lot of work. As a result, I do not have time to update this blog. Trading is still going on but on a shorter timeframe. Result is consistent now. AudUsd is very kind at the moment with no sudden movement.

In the next few weeks I will show you how to trade using only MA. As usual what works for me may not work for you. This is because some of you may not be able to follow the rules of the game.

RULES OF THE GAME
1. Trade based on your capital and the time that you have. The bigger your capital the longer the TF. The more time you have the longer the TF. Vice versa.

2. Only trade at the direction pointed by the MA pairs. If the MA pairs is showing mixed direction, do not trade. The MA pairs must be pointing at the same direction.

3. If a trade suddenly change direction, do not hesitate to close it at a loss and turn the trade. This is the hardest part where most of you failed. Free your mind or become a loser all your life.

4. Keep in mind, there is no such thing as winning all the time. Just make sure you win a lot more than you lose. In the end your profit will grow along with your confident.

Simple system with simple rules. I like to keep it simple. No point of having the most complex system when simple system can have the same result. With this system you will be out of the market most of the time. This is because you will only be taking the big move and avoiding the small move and market noise.

Last advise. Do not anticipate. Forex is not a game of inteligence eventhough this system at full swing will show you possible turning point. I am having a possible turning point for audusd at 0.7200 but I will not take it coz there will be market swing before the actual turn. Why wast time waiting for the big move when you can actually see when its going to move.

In the mean time, good luck for all of you. I will be back once my pc is online again. At the moment I am posting this on a laptop. I dont like laptop, too small keypad, makes it hard to do speed typing.

How to Trade FOREX in the Shortest Possible Time

How to Trade FOREX in the Shortest Possible Time

Instructions

Step1

Educate yourself on how the foreign exchange markets work. You will need to understand the basics of relative currency values, which will mean understanding a little economics.

Step2

Pick your trading period. Day traders buy large quantities of currency and then wait for small swings in prices to sell for a profit. This approach requires a great deal of time and micromanagement. Swing traders, on the other hand, take a long-term approach and do not need to be constantly attentive to small changes in the market.

Step3

Decide if you're going to use a technical or fundamental trading approach. Technical traders, which represent the majority of FOREX traders, make their decisions based on charts, and they buy and sell currencies when they reach certain predetermined levels. Other traders trade on the basis of market fundamentals like news reports, macroeconomic trends and commodity prices. The latter strategy requires a great deal more expertise. Of course, some traders blend these two approaches.

Step4

Consider buying specialized FOREX trading software. These can track and analyze data more easily. You can also enroll in many online FOREX courses, but avoid those that make unrealistic promises or charge unreasonable amounts of money.

Step5

Try a trade simulator, a system that uses fake money but tracks the real currency markets. This will enable you to practice your trading skills without risking your own capital, and it allows you to evaluate your own abilities at no risk.

Step6

Set up a mini-FOREX account. These accounts require only a small amount of capital and allow you to begin trading immediately.

ForexGen trading strategies

ForexGen trading strategies

While most books on trading deal with general concepts and shy away from specifics,ForexPatterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of the way and allow the reader to "look over the shoulder" of a professional trader hard at work at his craft. This book provides traders with step-by-step methodologies that are based on real market tendencies.

In our opinion, money management is the single most important aspect of any trading system and is badly neglected by forex beginners.

In our opinion, money management is the single most important aspect of any trading system and is badly neglected by forex beginners.

Here's the deal:ONLY during this official launch, I'm going to offer you a chance at AUTOMATIC wealth anda lifetime of happiness for a tiny fraction of its value... The Forex Maestro robot will be YOURS for the amazingly low ONE-TIME investment of only $397! (Or even LESS if you order TODAY on this visit: see details below)

Employ a sound money management strategy

Employ a sound money management strategy

In our opinion, money management is the single most important aspect of any trading system and is badly neglected by forex beginners. It enables the trader to fully utilise their capital to grow their money as fast as possible while protecting them from excessive losses and final account blow out.
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Forex Currency Trading Strategies and Systems

Forex Currency Trading Strategies and Systems

In this article we look at the different types of currency trading strategiesand systems the forex trader can choose from before commencing their FX trading journey.
The Best Currency Trading System
There are many many different currency trading systems out there for sale, some even claim to be the best currency trading strategy ever! Unfortunately, these systems sold online rarely (if ever) live up to this bold claim. And the reality is, if these forex strategies were really any good, it is unlikely they would be for sale. The owner of the system would be using it to make money currency trading, instead of spending his time and possibly money marketing the strategy.

foreign exchange market

foreign exchange market

However, what the sad statistics bear out is that over half of all new Forex traders lose their money within a year. The foreign exchange market is seeing a lot of hype right now, and too many people are signing on in the hopes of making a quick buck. Forex is simply not that easy, though, and it is certainly not a get rich quick scheme for the average person.

Instructions

Step1

Study currency forex online trading through books, DVD courses, and online. Join online forums to pick up tips and tricks from active day traders. For a quick start on your learning curve, see Resources below.

Step2

Practice currency forex online trading by signing up for a practice account at forex.com. This is a free service, which allows you to make virtual trades for 30 days. As you are learning forex, apply your knew trading skills without the risk of actually losing money.

Step3

To begin currency forex online trading with real money, sign up with a reputable broker. If possible, get referrals from people you know. Check the FTC website to make sure your broker is honest and professional.

Step4

Complete the comprehensive training offered by yourbrokerage firm. If your broker offers no training, get another broker. You should have no problem finding a company that will teach you currency forex online trading.

Step5

When you are ready to invest your own money, start small. Set aside no more money than you are willing to lose while you are perfecting your currency forex online trading system.

Step6

For more information on currency forex online trading, check out Resources below or the section on this page titled More Articles Like This.