How I Went From 0 - $10,126 In Seven Days…
Do you want to make that huge pile of cash which all the successful traders are enjoying?
I know your answer. You too want to make big money.. Isn’t it?
You want to have a lifestyle just like all what those gurus. You want to have your own big house that has its own big lawn, you want to drive a car of your dreams, and you want a lifestyle where you don’t have to worry about gas prices any more!!
I know That’s why all of us are in Forex Market!!
The 5EMAs Forex System reveals a secret method of predicting market movements, thanks to which you will understand how to potentially turn $1,000 into $1,000,000 in 24 months (or $10,000 into $1,000,000 in just 12 months).
I will teach you - step by step - how to identify amazingly accurate trades that with unique Money Management techniques, developed especially for this system, will allow to you to earn huge returns from the Forex market.
Important: This system has only recently been revealed! You will see screenshots illustrating actual trades which prove this fact.
Depending upon the exit strategy selected, the system can generate monthly returns of between 30% and 55%.
The Euro responds very well to US economic news releases. There is at least one US news release each week when the market moves very fast and is an excellent (although stressful) way to make some quick big pips. One way to capture these large moves is to use ENTRY STOP ORDERS.
Entry stop orders are an excellent way to get into a trade long or short AUTOMATICALLY. Often if the market is moving extremely fast (due to an economic news release or geopolitical event) and you want to get into a trade, it is extremely difficult to get the price you click (live market order) because the exchange rate is moving up or down so fast. It is like trying to jump on a train that is moving at full speed.
An entry stop buy or sell order places an order with the dealing desk of your Forex clearing house to execute your order when the exchange rate touches the level you set the order at.
The only time I wouldn’t set an entry order would be on a Friday afternoon before the market closes for the weekend. When it re-opens on Sunday evening, the price may gap open and miss your entry order.
Nevertheless, we don’t recommend holding a trade open over the weekend anyway….too much can happen on a world level that can affect the price when the market re-opens….and not always in your favor!
The following Yahoo page outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of A-D. A denotes very important down to D with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast. I take the time on the weekend to make a note of the day and hour of the major US news releases scheduled for the next week.
1. Check the biz.yahoo.com/c/e/html economic Calendar
2. Set your entry stop buy or sell at a key level 15-30 minutes before the announcement is released. Set your stop and limit on your order by right clicking the order when it appears on your VT platform.
3. You can also “straddle” the price movement by placing a long and short entry stop or sell order (and subsequent stops) if you aren’t sure which direction the news release will send the price.
In actuality, “straddling” a trade is the most risk-free and stress-free way of trading the news. You have to practice it in a demo account to get good at it because very quickly, you’ll be closing out the losing leg.
Another trading technique would be to simply wait 5 or 10 minutes before putting on a trade after a major news release. Wait for the smoke to clear and the way to see the direction. The volatility will move the market for 30 minutes to a few hours in one direction. Put on your trade in a fast 5 min chart but then switch to a 15 minute chart to stay in the trend longer without prematurely exiting.
An easy way to trade is to only trade the major US news releases….the rest of the trading week can pretty dull, in comparison!
Remember, under all trade circumstances, trade with a stop. And keep moving it in your trade direction by about 15 pips at a time, to lock in ever-increasing pip profits! This stop trailing technique is taught in our Advanced forex course.
The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team.
This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System.
Byline: Erol Bortucene and Cynthia Macy are co-authors of ‘The Day Trade Forex System: The Ultimate Step-By-Step Guide To Online Currency Trading’.
The Euro responds very well to US economic news releases. There is at least one US news release each week when the market moves very fast and is an excellent (although stressful) way to make some quick big pips. One way to capture these large moves is to use ENTRY STOP ORDERS.
Entry stop orders are an excellent way to get into a trade long or short AUTOMATICALLY. Often if the market is moving extremely fast (due to an economic news release or geopolitical event) and you want to get into a trade, it is extremely difficult to get the price you click (live market order) because the exchange rate is moving up or down so fast. It is like trying to jump on a train that is moving at full speed.
An entry stop buy or sell order places an order with the dealing desk of your Forex clearing house to execute your order when the exchange rate touches the level you set the order at.
The only time I wouldn’t set an entry order would be on a Friday afternoon before the market closes for the weekend. When it re-opens on Sunday evening, the price may gap open and miss your entry order.
Nevertheless, we don’t recommend holding a trade open over the weekend anyway….too much can happen on a world level that can affect the price when the market re-opens….and not always in your favor!
The following Yahoo page outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of A-D. A denotes very important down to D with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast. I take the time on the weekend to make a note of the day and hour of the major US news releases scheduled for the next week.
1. Check the biz.yahoo.com/c/e/html economic Calendar
2. Set your entry stop buy or sell at a key level 15-30 minutes before the announcement is released. Set your stop and limit on your order by right clicking the order when it appears on your VT platform.
3. You can also “straddle” the price movement by placing a long and short entry stop or sell order (and subsequent stops) if you aren’t sure which direction the news release will send the price.
In actuality, “straddling” a trade is the most risk-free and stress-free way of trading the news. You have to practice it in a demo account to get good at it because very quickly, you’ll be closing out the losing leg.
Another trading technique would be to simply wait 5 or 10 minutes before putting on a trade after a major news release. Wait for the smoke to clear and the way to see the direction. The volatility will move the market for 30 minutes to a few hours in one direction. Put on your trade in a fast 5 min chart but then switch to a 15 minute chart to stay in the trend longer without prematurely exiting.
An easy way to trade is to only trade the major US news releases….the rest of the trading week can pretty dull, in comparison!
Remember, under all trade circumstances, trade with a stop. And keep moving it in your trade direction by about 15 pips at a time, to lock in ever-increasing pip profits! This stop trailing technique is taught in our Advanced forex course.
The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team.
This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System.
Byline: Erol Bortucene and Cynthia Macy are co-authors of ‘The Day Trade Forex System: The Ultimate Step-By-Step Guide To Online Currency Trading’.
Forex Focus: An MACD Trading System by Alexander Sabodin This simple trading system was applied successfully to forex pairs using the moving average convergence/divergence. See if itll work for you. Today, we see advertisements of different automatic trading systems at numerous websites and forums. If we took those ads seriously, all we would have to do is click the mouse and money would pour into our pockets. Not only that, such black boxes usually dont come cheap. Keeping all that in mind, lets try to create our own trading system. As long as you dont lay claim to the holy grail, a trading system can help you make that trade. THE MACD TRADING SYSTEM To build our own trading system, we will use the following indicators: 1. Bollinger Bands: Period 20, deviations 2, shift 0, apply to close. 2. MACD: Fast exponential moving averages (EMA) 12, slow EMA26, apply to close. 3. Stochastic oscillator: %K period 5, %D period 3, slowing 3, price field close/close.
Dealing With Your Losses
One of the most important rules of Forex trading is to keep your losses as small as you possibly can. With small Forex trading losses, you can stick it out longer than those times when the market moves against you, and be well positioned for when the trend turns around. The one proven method to keeping your losses small is to set your maximum loss before you even open a Forex trading position.
The maximum loss is the greatest amount of capital that you are comfortable losing on any one trade. With your maximum loss set as a small percentage of your Forex trading effort, a string of losses won’t stop you from trading for any particular amount of time. Unlike the 95% of Forex traders out there who lose money because they haven’t begun to use wise money management rules to their Forex trading system, you will be ok with this money management rule.
To use as an example, If I had a Forex trading float of $1000, and I began trading with $100 a trade, it would be reasonable for me to experience three losses in a row. This would reduce my Forex trading capital to $400. It would then be decided that they’re going to bet $200 on the next trade because they think they have a higher chance of winning after having lost three times already.
If that trader did bet $100 dollars on the next trade because they thought they were going to win, their capital could be reduced to $250 dollars. The chances of making money now are practically nil because I would need to make 150% on the next trade just to break even. If the maximum loss had been determined, and stuck to, they would not be in this position.
In this case, the reason for failure was because the trader risked too much money, and didn’t apply good money management to the play. Remember, the goal here is to keep our losses as small as possible while also making sure that we open a large enough position to capitalize on profits and minimize losses. With your money management rules in place, in your Forex trading system, you will always be able to do this.
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