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Forex Strategies

Forex Strategies – Home

Developing a profitable forex trading strategy requires passion, persistence, and discipline, but most of all it requires that you obtain a genuine and effective forex trading education. There are many forex strategies floating around the internet that you can learn from, some of these are effective, many of them are more trouble than they are worth however. This website was created and designed to help you learn more about how to develop a successful forex trading strategy that will actually give you an edge in the market.

Watch Nial Fuller’s Forex Strategies Interview Below

 

Click This Link To Learn More about Nial Fuller and his Forex Trading Course

The forex market provides some of the best opportunities for financial market speculation for retail traders today. It is the most widely traded market in the world, contains the deepest liquidity (this means you can get in and out of trades very easily), and is open 24 hours a day from Sunday afternoon until Friday evening. The combination of these factors means that forex traders have more opportunities, greater flexibility, and lower transaction costs than traders in any other financial market. However, these facts alone will not make you a profitable forex currency trader, you need to study and learn about which forex strategies work and which ones are probably not worth your time (there are many of the latter, and few of the former).

Unfortunately there is no “magic bullet” when it comes to a forex strategy, whether or not a particular forex trading strategy is profitable depends on not only the strategy itself but also on the trader trading that particular strategy. If a trader has very poor self-discipline and poor control of their emotions, they are probably going to lose money on even the most accurate of forex trading strategies. The intersection of self-discipline / emotional control and a truly effective forex trading strategy is where forex trading success is found. Until or unless you learn to master your own emotions you will simply never become a profitable and consistent forex trader. Many traders get lucky in the markets and hit some big winners only to give them all back soon after, far fewer traders find the discipline and self control that it takes to profit on a consistent basis in the forex market.

Some truths about forex trading strategies that you might not read on other websites:

• You won’t get rich overnight in the forex market, it takes time, effort, and discipline to become a consistently profitable trader. There is no “easy” way out.

• The particular forex trading strategy you use to navigate the market each day can have a profound affect on how you think about and view the market, in other words, on your trading psychology.

• Inflexible trading “systems” that provide for no flexibility or human discretion are inherently flawed and will break down over time as market conditions change.

• Forex strategies that teach traders how to “fish for themselves” are the genuine ones that have a higher probability of returning positive results in the long run.

• Even the best forex trading strategy on earth will not make money if you don’t practice proper restraint and money management.

I hope you enjoy the information on this website. It’s 100% FREE and it’s my gift back to you.

Your Trading Coach,

Nial Fuller

Dream or Reality?

Forex Trading with Instant Income - Dream or Reality? Achieving an instant income from Forex trading (currency trading) online is a dream of so many traders yet so few actually manage to turn their dreams in to a reality. The question is why? We all know there are traders out there making a fortune so we know it is possible. What most people want to know is how these traders can come to earn so much that they not only make a living but also earning more in a month than most people earn in a year. Well, the good news for you is that I am one of the people who do make substantial profits from forex trading and I have put together this resource site to help people like you achieve the dream of an instant Forex income. Why not get started straight away and take my quiz that will find you your perfect broker? Click the image to your right to start. Alternatively you can use the table below to choose your broker yourself. All of the products I recommend I have personally used myself and I can vouch for their reliability. Top Rated Forex Trading Platforms   1st Choice: 2nd Choice: 3rd Choice:   eToro Easy Forex Forex Yard Min Deposit $50 $25 $100 USA Traders Accepted? Yes No Yes Platform Type Download Online,  Download & MT4 Online Free Demo Account Yes Yes Yes Pip Spread Value Excellent Very Good Average Leverage Excellent Very Good Good Loss Protection Excellent Excellent Good Customer Support Excellent Very Good Average Overall Rating Excellent Very Good Average   Full Review Full Review Full Review I'm not going to lie to you, profitable Forex trading is not something that is easy to achieve, you will have to put some work in to succeed. Thankfully the only work you have to do is reading. I have put together Instant Forex Income in a way which takes you through all of thecore principles of Forex trading so that by the time you finish reading you will already be a more proficient and profitable Forex trader. Your Free Beginners Forex Guide Even better news is that I am not charging for any of the information I am about to give you, that's right this is your free Forex guide. True, I could probably make a decent amount of money from selling this guide but to be honest I don't need to as my Forex trading takes care of that. If there is an area of Forex trading you want to know more about then the chances are there is a section on here perfect for you, whether you want to learn more about Forex strategies and analysis or simply want advice on the best broker or training course to use then I have it covered here at instant Forex income. If you put the time in to read each section on the navigation to your left then I am sure that you will soon be trading Forex like a professional and raking in profits that you never thought possible from exchanging currencies. Profitable Forex Trading is Just Around the Corner All I ask in return is your attention, the only way you will become that profitable Forex trader that you dream of being is if you take your time to fully educate yourself. He who rushes in to trading Forex is usually the one who fails. As they say, good things come to those who wait. Online Forex trading has only begun to take off in recent years, as a result there is still a lack of information available, even on the Internet. It can take hours searching for information and when you find it you will often discover you have to pay for the privilege. Well, search no more, instant Forex income covers everything the new trader needs to know and more! A profitable Forex trading future is just around the corner. Product of the Month   eToro -  US &  UK Traders ACCEPTED This platform wins my exclusive Product of The Month award for it's fun yet professional approach to Forex trading With a low minimum deposit of $50, first deposit bonuses, fixed spreads of between 2-6 pips, negative balance protection, and a typical leverage of 400:1, you simply wont find a better platform tomaximize your Forex earnings.     Click here to read my full review of the eToro platform Click the 'next' button below to continue and find out what Forex is all about or simply use the left hand navigation to choose the section you want to read.

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Market Size & Liquidity

Market Size and liquidity

The foreign exchange market is the most liquid financial market in the world. Traders include large banks, 

central banks, institutional investors, currency speculators, corporations, governments, other financial

institutions, and retail investors. The average daily turnover in the global foreign exchange and

 related markets is continuously growing. According to the 2010 Triennial Central Bank Survey,

coordinated by the Bank for International Settlements, average daily turnover wasUS$3.98 trillion in

 April 2010 (vs $1.7 trillion in 1998).^[3] Of this $3.98 trillion, $1.5 trillion was spot foreign

 exchange transactions and $2.5 trillion was traded in outright forwards, FX swaps and other currency

 derivatives.

Trading in the UK accounted for 36.7% of the total, making UK by far the most important global

center for foreign exchange trading. In second and third places, respectively, trading in the

 USA accounted for 17.9%, and Japan accounted for 6.2%.^[5]

The $3.98 trillion break-down is as follows:

• $1.490 trillion in spot transactions
• $475 billion in outright forwards
• $1.765 trillion in foreign exchange swaps
• $43 billion currency swaps
• $207 billion in options and other products

Contents  [hide] 1 Market Size and liquidity 2 Market participants 2.1 Banks 2.2 Commercial companies 2.3 Central banks 2.4 Forex Fixing 2.5 Hedge funds as speculators 2.6 Investment management firms 2.7 Retail foreign exchange traders 2.8 Non-bank foreign exchange companies 2.9 Money transfer/remittance companies and bureau de changes 3 Trading characteristics 4 Determinants of FX rates 4.1 Economic factors 4.2 Political conditions 4.3 Market psychology 5 Financial instruments 5.1 Spot 5.2 Forward 5.3 Swap 5.4 Future 5.5 Option 6 Speculation 7 Risk aversion in forex 8 See also 9 Notes 10 References 11 External links

There is no unified or centrally cleared market for the majority of FX trades, and there is very little cross-border regulation. Due to the over-the-counter(OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments are traded. This implies that there is not a single exchange rate but rather a number of different rates (prices), depending on what bank or market maker is trading, and where it is. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs instantaneously. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. A joint venture of the Chicago Mercantile Exchange and Reuters, called Fxmarketspace opened in 2007 and aspired but failed to the role of a central market clearing mechanism.^{[citation needed]}

The main trading center is London, but New York, Tokyo, Hong Kong andSingapore are all important centers as well. Banks throughout the world participate. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session, excluding weekends.

Fluctuations in exchange rates are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in gross domestic product (GDP) growth, inflation (purchasing power parity theory), interest rates (interest rate parity, Domestic Fisher effect, International Fisher effect), budget and trade deficits or surpluses, large cross-border M&A deals and other macroeconomic conditions. Major news is released publicly, often on scheduled dates, so many people have access to the same news at the same time. However, the large banks have an important advantage; they can see their customers' order flow.

See also

Balance of trade Bretton Woods system Currency codes Currency pair Currency strength Foreign currency mortgage

Foreign exchange controls Foreign exchange hedge Foreign exchange reserves Foreign exchange scam Foreign exchange swap Foreign exchange autotrading

Money market Nonfarm payrolls Special Drawing Rights Tobin Tax World currency

An ambitious Budget in profound times Finance Minister Dr Hafeez Sheikh on Friday projected a budget deficit of 4 percent of GDP in line with the recommendations made by the IMF during meetings held in Dubai (May 11-17). Read more...

An ambitious Budget in profound times Fiscal deficit to be lowered to four percent ... Rs 39. 513 billion allocated for education Rs 166. 448 billion set aside for subsidies Defence allocation raised by 12 percent Opposition rejects budget	17 percent sales tax cut to 16 percent; Federal investments on current account raised... Energy shortages: circular debt chief factor Energy shortages: circular debt chief factor Rs 11. 68 billion for loans to public sector ... Rs 1. 952 trillion tax collection target set

Forex Leading Indicators Explained

May 5, 2010 by Kelvin  
Filed under Forex Indicator

8 Comments

In one of my previous post, I have talked about forex lagging indicators and how you can put them to great use in your trade.

In this post, I will be going through with you another group of indicators known as leading indicators. From the name itself, you roughly will know what they are.

Basically, the oscillators are known as leading indicators. This is because they are designed to give you a signal when the market is going to reverse.

Examples of Leading Indicators:

• Stochastic
• Relative Strength Index
• Parabolic SAR

For the stochastic and RSI, they are built with the ability to signal to you whether the market is overbought or oversold.

If you are in an uptrend and you see the stochastic or the RSI reaching the overbought zone and started to curve down, there is a high chance that the market is either going to reverse or at the very least retrace.

If you are in a downtrend and you see both the oscillators reaching the oversold zone and started to curve upward. You should be looking out for a reversal or a retracement.

As for the parabolic SAR, it will not be showing you whether the market is overbought or oversold. It is designed to signal you whether the market has changed its trend by placing a dot below or above the candles.

However these indicators do have their problem as well. They tends to produce false signals and this is what usually cost traders to lost money.

Here is how you should make use of these indicators

Step 1: Setup at least all of these indicators on your chart
Step 2: Wait for a confluence of signals between RSI and Stochastic
Step 3: Alway wait for PSAR to flip to the other side before you enter any trade
Step 4: Check for reversal candlestick pattern. With the help of a reversal candle pattern, there is a higher chance that the market will reverse and thus save you from possible false signal

Let’s take a look at the example below

Leading Indicator Trading Example

a) Take a look at the Green arrow

For the part with the green arrow, you can see that the stochastic and RSI went oversold but there is no PSAR flip. Therefore you should not enter any trade.

b) Take a look at the Blue arrow

For the part with the blue arrow, you can see that both the stochastic and RSI went oversold again but this time the PSAR also flips to the other side. In addition, you can see the formation of spinning bottom and inverted hammer which is a sign of reversal. Therefore it is okay for you to enter a LONG trade.

c) Take a look at the Red arrow

For this part, it is to demonstrate to you that this strategy do not work 100% of the time. Do note that there is no strategy that can win 100% of the time and losing is simply part of the game.

You can see that the market went oversold again for both the indicators and the PSAR also flip. However the price comes back to stop us out after a few candles.

Therefore you have to rely on high risk reward ratio in order to profit from this strategy.

Personally I do not place any trade if all the 4 above do not aligned as I always believe that no trade is better than losing trade.

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