I know that: “How to detect trend reversal?” maybe a thought question with very complex answer but I will try to make my take on it, and keep it very simple and understandable.
So let?s get started, obviously when trying to detect trend reversal on Forex you have to use tools that were designed for it. You can?t predict it with MACD or RSI because they are trend following indicators. Indicators designed to predict trend reversal are ? candles. Japanese always traded reversal strategies, European and US traders are almost always trend follow (more…)
By Karin I Manning
You may be surprised to learn how easy it is to learn the basics of Forex trading online and how quickly you can make money with Forex, depending on your Forex trading style. This article will explain how incredibly easy it is to learn the basics of Forex trading and how to make fast Forex profits. Keep reading to get instant access to free Forex video tutorials to help you get started.
You may have heard of the Forex market and you may have heard about a lot of people who make money with the Forex trading system. Forex trading is also c (more…)
Lately i was thinking that there is nothing better then one on one live training, you can ask your mentor questions, he will tell you what you are doing wrong and so on.
However over the internet it is almost impossible to emulate live training session, so i was thinking. Maybe it would be good to record video and show it online. I was thinking about some sort of 5 minutes instuction on how to use trendlines, how to use Andy Pitchforks.
I am not sure but i think that sometimes it is hard to understand method or indicator, just be reading article and seeing (more…)
This is something you do not want to miss, fxclub.com gives 100$ to everyone who opens live trading account with them. You thought 5$ from Marketiva was great? Then how you can call this? Awesome? Not exactly.
First of all, i took a look at them and here is what i found:
- Their charting sucks, you can’t do intraday trading it is just impossible.
- Their support staff can’t speak english fluently - not very professional as for real company.
- It looks like they like … no they love the game of stop loss hunting - not good also.
- You cann (more…)
If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don?t get me wrong on this one it is not that you need to change it, but you need to focus more on last candles, you are to concentrated on overall picture.
Anyway if you find yourself doing such trades then do not worry, this is easy to handle I had the same issue when I started trading.
Let?s break (more…)
