Tag Archives: GRAB

Forex Trading – Four Live Trades Given 4 Right and a Forex Lesson For Bigger Profits

At the start of this week we gave you four trades and made four profits. We are not going to tell you how clever we are, or were gurus – We are however traders with 25 years experience and here we will share an important forex lesson with you:

Trade the odds and act on momentum changes and you can do it to.

Lesson 1 – Don’t Predict!

You will read a lot about how you need to predict markets – this will simply mean you will lose.

You need to wait for confirmation and then trade.

You can see how logical and profitable it was, if you followed the trades.

The background

Speculator positions were at an extreme, with speculators to long:

British Pound, Euro and Canadian Dollar

and

Short Yen v Dollar.

The market has flushed out the top heavy speculative long positions – but this does not mean the primary trends are over – we just needed a correction.

Support and Resistance

We simply looked for momentum to wane, into significant support and resistance.

Then we looked for price momentum to turn up, in line with our view and the primary trend.

For this we used:

The Relative Strength Index (RSI) and stochastic indicator.

If you don’t know how they work, learn how to use them there essential indicators.

The key when entering a trade is not to hope levels of support or resistance hold, but to have positive proof.

This means you are not hoping or guessing – you are acting on the reality of price change.

The change in momentum below resistance in the yen and above support in the other currencies, was the trigger to enter our trades.

The number 1 Rule for executing forex trading signals is:

Have price momentum on your side and never trade against it.

There are other momentum indicators, but the two we used above are, simple to learn, simple to apply and can and do, let you trade with greater accuracy for bigger profits.

Use These Tools There FREE!

Unlike many people who write on the net, we are traders, NOT selling junk systems, which don’t work and tell you to predict.

We know that forex trading is an odds game – not a game of Prediction.

This is a lesson you need to learn too.

We have just proved how effective it i and best of all:

These Tools are FREE!

You don’t have to pay anyone to find out how they work or use them.

Every good chart service uses them so make use of them. As you have seen they can and do make big profits.

GRAB 3 X FREE TRADER & FREE TRADER PROFITS NEWSLETTER

More on becoming a profitable trader some critical FREE Trader PDF’s and more FREE Forex Education visit our website at http://www.net-planet.org/index.html

Forex Trading – A Simple, Easy Tip to Increase Your Profits

Forex trading is all about getting the odds in your favor to reduce rsik and increase reward.

The simple tip below is ignored by most traders – yet if you include it in your trading plan, will see your risk decrease and profits increase and that’s what all traders want!

Most novice traders don’t use this tip and lose.

Learn the significance of this tip and use it and it is simply:

Trade with Price Momentum

Many traders like to predict where prices are going to go – but they should really be trading on the facts and that’s exactly what looking at shifts in price momentum does.

It gives you clues to where prices may go next.

Lets Loom at a common error that novice traders make to illustrate the point.

Many traders love to buy dips to support and many will use trend lines or moving averages.

As prices approach the support level, they buy into the support and hope that it holds.

This is a huge mistake!

If you rely on -hope- you are going to lose.

This is why looking at price momentum is so important.

If the momentum of price starts to weaken into support and turns the odds of support holding have increased.

Acting on the Facts

To watch prices come into support and rather than diving in and taking a position – WAIT for price momentum to weaken into support and turn back up away from support.

This is the cue to take a position, as price momentum is now moving away from support and odds favour the bulls.

Why dont traders fo this more often?

Traders find this hard to do, as they don’t like the fact they missed a bit of the move by waiting, but this is the only way to get the odds on your side.

Consider this:

Support obviously can either hold or break and you don’t know which will occur in advance it’s impossible to predict – you are simply guessing and that’s a good way to lose.

If you look at price momentum you will be acting on confirmation that the odds are in your favour.

A trader who is patent and disciplined and acts on confirmation has a far better chance of success than one who guesses or predicts where prices may go.

So what are good indicators to look at?

The best indicator by far in our opinion is the stochastic indicator – we don’t have enough room to cover it in detail here but it’s a great indicator for graphically showing shifts in price momentum.

We like to combine the above indicator with the Relative Strength Index(RSI), another great momentum indicator.

We never take a trade unless price momentum points the same way as our trade.

Forex trading is an odds game and by using momentum indicators you will increase your chances of success and of course your profit potential.

GRAB 3 X FREE TRADER PDF’S AND MUCH MORE!

On all aspects of becoming a profitable trader including features, downloads and some critical FREE Trader PDF’s and more FREE Forex Education visit our website at http://www.net-planet.org/index.html