Trading The Economic Reports Like NFP Report Can Be Highly Profitable!
Economic Reports are important for all markets but they are a way of life for the currency traders as well as the futures and options traders. Each individual market has its own set of reports which the traders pay special attention. But there are some economic reports that are prime catalysts for almost all markets especially the currency, bonds and the stock markets that stand at the center of the financial universe.
Moving Average Crossover Shocking Secrets
Moving averages are one of the simplest and the most popular technical indicators that can be used in any market. While using averages, the length of time used to calculate them is very important. Moving averages with shorter time periods fluctuate more activley and tend to give more trading signals. Shorter time period moving averages tend to whipsaw a lot that can cause losses.
Moving averages can be simple, weighted or exponential. In case of simple, all the prices are treated equally whereas in the weighted and the exponential averages, recent prices are given more weight so that these averages are more responsive to the recent prices as compared to the old ones. These averages tend to smooth out the price action that is more easy to interpret and understand.
Pip Monster Update
“Pipmonster” is alive and well. My semi-automatic trading strategy has found a new home… MetaTrader 4. As much as I like ActFx, the constant bugs, memory hogging, and crashes just made it practically impossible to trade. Not to mention that the broker I was with, Forexyard was an absolute nightmare and I had nothing but problems… but that’s all in the past.
Over the last few weeks I’ve written countless indicators and expert advisers (ea’s) and I’m happy to say I’m really loving MT4. Great platform, and it’s stable! I can do 10 times as much and use 1/4th of the memory. The indicators and support forums alone are worth it, but I gotta say I really like the flexibility of the MetaEditor and the available programming platform.
Great Forex Quote
“Behind every great fortune there is a great crime”
“I do not regard a broker as a member of the human race”
- Honore de Balzac
Quite fitting for Forexyard… worst broker I’ve dealt with. And apparently I’m not alone in thinking so…
Candlestick Charting Patterns- The Hammer, the Hanging Man and the Spinning Top!
Candlestick charting is a highly powerful tool in the trading arsenal of any trader. In the last two decades, candlestick charting has become highly popular. There are many candlestick patterns that give profitable trading signals. Some are simple while other are complex. Hammer, the Hanging Man and the Spinning Top are three simple candlestick patterns that can be easily spotted. All three are different!
RSI – Relative Strength Index Forex Indicator
The RSI indicator is a broadly utilized forex indicator in the forex trading business. It stands for Relative Strength Index. The RSI is a type of oscillating indicator that is primarily utilized as a Technical Analysis indicator that moves on top of or beneath a center line.
It has two bands on either side that indicates overbought as well as oversold circumstances, much like the Bollinger Bands forex indicator.
An exception to an oscillating forex indicator is the MACD which does not have an upper and lower band present. As far as banded oscillators are concerned, the RSI is the probably the most widely used version in technical analysis.
Advantages to Virtual Private Server Hosting Explained in 5 Attributes
The idea of using a private server used to be so frightening that even businesses doing well were afraid to use them. In today’s world, this is no longer the case. Now companies see that virtual private servers are the midway point between cheap yet unreliable shared hosting and reliable yet pricey dedicated hosting.
What is Hedging?
When it comes to investment, hedging is not a strange word. Though many of you have already heard of the name hedging, not many of you may be able to explain what hedging is. Without the ability to explain the term, I guess you have not yet participated in the hedging world, which actually can be useful to protect yourself. Let us now understand it.
Fibonacci Retracement – Utilizing Fibonacci Ratios To Your Advantage
Fibonacci retracement ratios are used by forex traders that use technical analysis to identify support and resistance areas in a array of financial markets. The vast majority of traders use them with their forex trading strategy.
Leonardo Fibonacci was the inventor of a sequence of numbers that are used in the Fibonacci retracement tool. Retracements are created when the trader picks a high and low price point on the charts that are divided by a few ratios. These ratios are 23.6%, 38.2%, 50%, 61.8% and 100%..
You Gotta Have This
Here is a great tool for backing up your files, sharing them amongst computers, and with others. It’s called Dropbox and it’s FREE!
I use it to share my indicators and other Forex related files amongst my computers, and with others.
If you’re using MT4 then contact me after you’ve signed up and I”ll share my favorite indicators with you.
Recent Articles
- Trading The Economic Reports Like NFP Report Can Be Highly Profitable!
- Moving Average Crossover Shocking Secrets
- Pip Monster Update
- Great Forex Quote
- Candlestick Charting Patterns- The Hammer, the Hanging Man and the Spinning Top!
- RSI – Relative Strength Index Forex Indicator
- Advantages to Virtual Private Server Hosting Explained in 5 Attributes
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