Friday, September 19, 2008
One important thing I learned during my trading period is using a low leverage. I lost a few dollars to margin call due to high leverage. I feel that slow and steady wins the race and this applies to forex also. Remember, forex is not a get rich quick scheme. Here, you need to plan your trade and act on it. High leverage = High Risk and Low leverage = low risk.
You are safer with smaller lots if you are still learning. If it goes the wrong way, then wait and see when it starts moving in your direction and buy another small lot to average it and to reduce your average cost price. This will help you to get out of the trade more quicker and with good profits.
Another important thing is to have your own trading strategy and even more important is following your strategy with patience and discipline.
Good luck in trading.
Friday, July 4, 2008
Forex Trend System
The Forex Trend System is a manual indicator that identifies changes in trend and allows you to capture the major market moves. It has been designed for MetaTrader 4, a freely available trading platform which you can download for free using the link we provide you with.
How It Works
The system is made up of three trigger lines which tell you when to buy and when to sell. Simplicity itself - one colour to buy and one colour to sell. It will alert you to the beginning of a trend, and will also signal when the trend is coming to an end.
It has proven to be highly accurate, especially when allied to the best time frame, currency and time of day. While it is accurate for just about any of these three variables, for optimal efficiency it is best to follow my instructions closely. Not every trade is a winner, but historically losses have been much smaller than wins. Past results are not necessarily indicative of future results.
Features & Benefits
- Easy Setup - No complicated manuals or confusing strategies to learn
- Easy to Learn - Buy on blue, sell on red!
- Customisable - Adjust the system for longer or shorter trades
- Versatile - Works with any currency pair
- Flexible - Choose from aggressive & safe-trading options
- Convenient - Receive audible and email alerts of potential trade setups
Wednesday, June 4, 2008
I am doing fine with my forex trading and I am trading live now with Oanda. I found a very useful site that has really helped me a lot. I wanted to share this site with you.
Here's the link :
You can also benefit from this site and it has helped me a lot. They provide free indicators for MetaTrader Platform. They also have their trading systems which we can use free of charge..
Really worth checking..
Have a profitable trade..
Monday, March 3, 2008
I wanted to update you with my forex learning. I was clueless when I started forex trading. But, now I can recognize trend, read charts and make small profits. I want to thank all the internet resources like articles, blogs, sites, forums and most important one is ebooks. I got plenty of useful ebooks which helped me learn and improve my trade.
Thank you all my friends.
Happy profitable trading...