Forex Trading Money » stop loss

Advantages Forex Trading Signals via Mobile Phone and Email

randi — Fri, 08 Apr 2011 02:05:32 +0000

In the world of Forex, investor will be smart to choose forex broker, forex software, forex charts and other tools that can help him gain much money and minimize lost. There are many alternatives to help him achieve his goal. One of them is by using the Forex Trading Signals. There are many Forex Signal Services that available on internet. They have many varieties of offerings that can attract investors. The demand of Forex Trading Signals is quiet high, no wonder many services offer many features with competitive cost.

Here are several things that Forex Trading Signal can work for clients. It gives the chance for clients to get information, news and annoucnements of trade. This will help clients not to waste their whole time, day and night, staring that Forex trades and monitoring charts. The Forex Trading Signal will totally monitor the forex market and inform to client in real-time when will be the perfect time to trade. Numbers of Forex Signal Services on internet will send messages to clients about the fast sign in real-time to clients’ cellphone, when ever, where ever they are. This sign is a notification about the good time to make Forex trading. Those massages consist of Entry Point, Stop Loss and Take-Profit Targets. The Forex Signal Services will inform clients when is the time to buy and sell. This is how it works. After cleint receive notification of trading, then he should get to the computer or from that Smartphone to browse internet and start to connect to the services for the next step of signal platform.

Usually, companies provide Forex Trading Signal Service give numbers of promotion, such as: area of service to send messages via mobile phone comprise many countries, the massage of notification of trade will be send in real-time, the monitoring of market is 24 hours and 7 days, messages can be send via mobile phone or email, the technology is compatible that allows any kinds of networks in countries of their service areas and messages are receivable to any type of mobile phone that can use to be given text messages. All of those services will really support client to get maximum return and minimum lost.

The instructions that existed in the program of Forex Trading Signal will commonly easy to follow. Even for a beginner will not be a problem to try Forex Trading Signal. The instructions are presented with step by step method until the decision of buying or selling is given. The platforms of most Forex Trading Signal Services usually work with all kind of web browser either on the mobile phone or on PC. The member of the Forex Trading Signal teams are usually people who are professional in monitoring 8 currency pairs. They monitor it in the whole 24 hours a day and 7 days, and they will give signal to clients only in the right time to trade. That is the reason why, many people demand working with Forex Trading Signal. Because they will not have to spend much time to monitor the chart all the time. But they can depend on that Forex Trading Signal Service to do the job.

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forex signal chart pc

Advantages Forex Trading Signals via Mobile Phone and Email

randi — Thu, 21 Oct 2010 03:07:59 +0000

The member of the Forex Trading Signal teams are usually people who are professional in monitoring 8 currency pairs. They monitor it in the whole 24 hours a day and 7 days, and they will give signal to clients only in the right time to trade. That is the reason why, many people demand working with Forex Trading Signal. Because they will not have to spend much time to monitor the chart all the time. But they can depend on that Forex Trading Signal Service to do the job.

Is it true that all Metatrader and Retail Brokers are Scammer?

admin — Sun, 24 May 2009 16:26:56 +0000

I agree that per definition all retail brokers are scammers. But that’s per definition only.

We, people who have less than $10,000,000 (ten million dollars) are considered as retail traders. And we are only allowed to trade using retail brokers. We are not allowed to trade in institutional broker. If all retail brokers are scammers, then we are all doomed.
In fact, there are people who have been living comfortable by trading full time, and their account size is nowhere near 10 millions.

I also don’t think that ECN brokers are also doing this. ECN gains no profit / loss by playing with our account. What ECN wants is that you trade more lots. Of course there is a case that if you are counted as 1 of the people with the biggest profit, then the ECN will let the market marker play with your account. But, I think that is your fault also. Why? Because in a big and reputable ecn brokers, there are many successful trader, so your account is not sticking their eyes. If you are choosing a small ecn broker, that is your problem and your fault imho.

What I find true, is that all small traders have the highest risk in this industry. If you are investing, but not trading, in this market, you could survive. If you are trading, you have less chance to survive.

e.g. You are a scalper, you take profit for 10 pips and your stop loss is 7 pips. Because you are successful scalper then your broker is playing with you. They play with slippage between 3 – 5 pips. Your 10 pips take profit become 5 pips profit, and your stop loss become 12 pips stop loss. In some of the EAs here, the TP is 5 pips and SL is 35 pips. After the slippage, the TP would be 0 pip and the SL would be 40 pips. Imho, you’re lost and doomed.

e.g. You are a long term investor, your take profit is 400 pips and your stop loss is 100 pips. Because you are a successful investor, the broker is playing the slippage card, between 5 – 7 pips (of course if the slippage is too large and you still use that broker, then you should move. If not, that’s your fault). Your take profit become 393 pips and your stop loss become 107 pips. Imho, you still win.

That is why, I try to avoid any kind of scalping trading system or EA. I don’t even want to test them. I don’t even download them, it’s a waste of disk space. If it has a good indicator, I’ll download, but I’ll never use the system / EA. Imho, scalpers are at the lowest of the food chain and should really take good care of oneself.

In fact, there are many scalpers who would argue with me about this matter. So, to state that all retail brokers are scammers, is not appropriate IMHO.
After all if all retail brokers are scammers, where should we trade?

Golden Rules for Success in Forex

admin — Wed, 20 May 2009 03:26:11 +0000

Here are some Golden Rules for Success in Forex:

1. It is fast
Adapt quickly to change. If the winning side is changing, do not hesitate to join the party and gather all your strength (capital, mental and emotional) to that side until the market conditions change. Do not marry any position.

2. Be disciplined
Create your own plan and be faithful to it. Investing is not just taking a position, is also a valid reason for maintaining that position which, in addition to a threshold level of loss and making a profit. Your discipline will save you when the market gets tough.

3. Follows the trend
Buy and sell up above, and buy or sell down below. Do not try to guess the floors or ceilings. If you know the trend, let yourself be carried away by it.

4. Do not place tight stop-loss
Use your time by identifying points of entry. Be patient and give space to the market. Define your limits losses carefully.

5. Respect your limits risk
The first loss limit is the cheapest. Do not fall into the temptation to stay in a position where they’re losing too. It is possible that, sometimes, it’s positive, however there was only one occasion, when not, can cost you dearly. Respects your plan and be disciplined

6. Accept the losses, because they are part of the business
If you’ve lost a lot, take the time to recover and return to cooler and calmer.

7. The trend stronger
Do not obsessions if the trend is not sufficiently strong or clear-or-even worse when it is in a range without definition. Focuses on trends identified your strength.

8. Resist the urgency to operate against the trend too early
The trend is usually or primarily on the right thing. Be patient. Wait for the trend change, and when it coincides with the technical analysis, then wait a little longer to come to a clear confirmation.

9. Never increase a losing position
This is the perfect recipe for losing. In any case, get on the bandwagon of a winning position by taking advantage of a break from the market.

10. Liquidated positions your time
When the uptrend is ending, all investors are buying. When the trend is bearish conclusion, everyone is selling. Conclusion: When all are in the same train … pay attention and prepare to get off of it.

11. Keep your technical analysis very simple
More supports and resistances, setbacks and Fibonacci reversal patterns. Not to study more, get more signs and more courses are necessarily achieve better results.

12. Accept the losses, because they are part of the business
Prepare yourself mentally and emotionally for this. If you’ve lost a lot, take the time to recover and return to cooler and calmer. Do not enfrasques in a fight with the market. The market is your friend. Follow it.

13. Be intellectually honest
Recognized when you make a mistake and learn from your mistakes. The market does not reward the arrogant intellectual. While you keep your point of view, do not forget that, ultimately, the market is always right.

Forex Trading Money » stop loss

Advantages Forex Trading Signals via Mobile Phone and Email

Incoming Forex terms:

Related Forex

Advantages Forex Trading Signals via Mobile Phone and Email

Related Forex

Is it true that all Metatrader and Retail Brokers are Scammer?

Related Forex

Golden Rules for Success in Forex

Related Forex