EUR/USD H1 VSA Update

General Overview on 13/07/2013 19:00 CET:

Wave progression to the upside still does not look finished and the most probable structure is wave X Triangle as long as 1.3000 level holds.
Time cycle analysys shows the most probable date to finish the wave Y on Monday 15th July. It will meet the very common time retracement relationship of 38%Fibo then.
We will see.
And please mind the gap...

Support/Resistance:

1.3285 - Target for wave Y
1.3214  - Swing High
1.3007 - Triangle (?) Support
1.2991 - 1.3007 - Gap
1.2901 - Wave 4 Support
1.2755 - Swing Low

Trading recommendation:

Go long on Triangle break out @ 1.3081 with TP @ 1.3285.

Seb

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EUR/JPY and USD/CAD H1 Update

Please follow the link and scroll the page down:
EURJPY & USDCAD

Thank You,
Seb

EUR/USD H1, H4 & Daily Update

General Overview on 11/07/2013 is in this video here:


http://www.youtube.com/watch?v=ZwAOOsVQ4tM

Support/Resistance:


1.3274 - 78%Fibo/61%Fibo Expansion Level
1.3226 - WR3
1.3182 - Swing High
1.3152 - WR2
1.3018 - 38%Fibo
1.2968 - 50%Fibo
1.2956 - WR1
1.2878 - Weekly Pivot

Trading Recommendation:

As long as 50% (ideally 38%)  Fibo level will hold, long side is preffered in aticipation of second wave of the ZigZag to happen with Tp @ 1.3274.

Seb

The Ultimate Guide To Forex Trading

How does the forex market differ from other markets?
Unlike stocks, futures or options, currency trading does not take place on a regulated exchange. It is not controlled by any central governing body, there are no clearing houses to guarantee the trades and there is no arbitration panel to adjudicate disputes. All members trade with each other based on credit agreements. Essentially, business in the largest, most liquid market in the world depends on nothing more than a metaphorical handshake.

At first glance, this ad-hoc arrangement must seem bewildering to investors who are used to structured exchanges such as the NYSE or CME. (To learn more, see Getting To Know Stock Exchanges.) However, this arrangement works exceedingly well in practice; because participants in FX must both compete and cooperate with each other, self regulation provides very effective control over the market. Furthermore, reputable retail FX dealers in the United States become members of the National Futures Association (NFA), and by doing so they agree to binding arbitration in the event of any dispute. Therefore, it is critical that any retail customer who contemplates trading currencies do so only through an NFA member firm.
The FX market is different from other markets in some other key ways that are sure to raise eyebrows. Think that the EUR/USD is going to spiral downward? Feel free to short the pair at will. There is no uptick rule in FX as there is in stocks. There are also no limits on the size of your position (as there are in futures); so, in theory, you could sell $100 billion worth of currency if you had the capital to do it. If your biggest Japanese client, who also happens to golf with the governor of the Bank of Japan tells you on the golf course that BOJ is planning to raise rates at its next meeting, you could go right ahead and buy as much yen as you like. No one will ever prosecute you for insider trading should your bet pay off. There is no such thing as insider trading in FX; in fact, European economic data, such as German employment figures, are often leaked days before they are officially released.

Before we leave you with the impression that FX is the Wild West of finance, we should note that this is the most liquid and fluid market in the world. It trades 24 hours a day, from 5pm EST Sunday to 4pm EST Friday, and it rarely has any gaps in price. Its sheer size and scope (from Asia to Europe to North America) makes the currency market the most accessible market in the world.

Where is the commission in forex trading?
Investors who trade stocks, futures or options typically use a broker, who acts as an agent in the transaction. The broker takes the order to an exchange and attempts to execute it as per the customer\’s instructions. For providing this service, the broker is paid a commission when the customer buys and sells the tradable instrument. (For further reading, see our Brokers And Online Trading tutorial.)
The FX market does not have commissions. Unlike exchange-based markets, FX is a principals-only market. FX firms are dealers, not brokers. This is a critical distinction that all investors must understand. Unlike brokers, dealers assume market risk by serving as a counterparty to the investor\’s trade. They do not charge commission; instead, they make their money through the bid-ask spread.
In FX, the investor cannot attempt to buy on the bid or sell at the offer like in exchange-based markets. On the other hand, once the price clears the cost of the spread, there are no additional fees or commissions. Every single penny gain is pure profit to the investor. Nevertheless, the fact that traders must always overcome the bid/ask spread makes scalping much more difficult in FX. (To learn more, see Scalping: Small Quick Profits Can Add Up.)

What is a pip?
Pip stands for \”percentage in point\” and is the smallest increment of trade in FX. In the FX market, prices are quoted to the fourth decimal point. For example, if a bar of soap in the drugstore was priced at $1.20, in the FX market the same bar of soap would be quoted at 1.2000. The change in that fourth decimal point is called 1 pip and is typically equal to 1/100th of 1%. Among the major currencies, the only exception to that rule is the Japanese yen. One Japanese yen is now worth approximately US$0.01; so, in the USD/JPY pair, the quotation is only taken out to two decimal points (i.e. to 1/100th of yen, as opposed to 1/1000th with other major currencies).

What are you really selling or buying in the currency market?
The short answer is \”nothing\”. The retail FX market is purely a speculative market. No physical exchange of currencies ever takes place. All trades exist simply as computer entries and are netted out depending on market price. For dollar-denominated accounts, all profits or losses are calculated in dollars and recorded as such on the trader\’s account.

The primary reason the FX market exists is to facilitate the exchange of one currency into another for multinational corporations that need to trade currencies continually (for example, for payroll, payment for costs of goods and services from foreign vendors, and merger and acquisition activity). However, these day-to-day corporate needs comprise only about 20% of the market volume. Fully 80% of trades in the currency market are speculative in nature, put on by large financial institutions, multibillion dollar hedge funds and even individuals who want to express their opinions on the economic and geopolitical events of the day.
Learn to trade Forex with FXCM’s Free Trading Guide
Because currencies always trade in pairs, when a trader makes a trade he or she is always long one currency and short the other. For example, if a trader sells one standard lot (equivalent to 100,000 units) of EUR/USD, she would, in essence, have exchanged euros for dollars and would now be \”short\” euros and \”long\” dollars. To better understand this dynamic, let\’s use a concrete example. If you went into an electronics store and purchased a computer for $1,000, what would you be doing? You would be exchanging your dollars for a computer. You would basically be \”short\” $1,000 and \”long\” one computer. The store would be \”long\” $1,000 but now \”short\” one computer in its inventory. The exact same principle applies to the FX market, except that no physical exchange takes place. While all transactions are simply computer entries, the consequences are no less real.

Which currencies are traded in the forex market?
Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority trade the seven most liquid currency pairs in the world, which are the four \”majors\”:
EUR/USD (euro/dollar)
USD/JPY (dollar/Japanese yen)
GBP/USD (British pound/dollar)
USD/CHF (dollar/Swiss franc)
and the three commodity pairs:
AUD/USD (Australian dollar/dollar)
USD/CAD (dollar/Canadian dollar)
NZD/USD (New Zealand dollar/dollar)
These currency pairs, along with their various combinations (such as EUR/JPY, GBP/JPY and EUR/GBP), account for more than 95% of all speculative trading in FX. Given the small number of trading instruments – only 18 pairs and crosses are actively traded – the FX market is far more concentrated than the stock market. (To read more, check out Popular Forex Currencies.)

What is a currency carry trade?
Carry is the most popular trade in the currency market, practiced by both the largest hedge funds and the smallest retail speculators. The carry trade rests on the fact that every currency in the world has an interest rate attached to it. These short-term interest rates are set by the central banks of these countries: the Federal Reserve in the U.S., the Bank of Japan in Japan and the Bank of England in the U.K.
The idea behind the carry is quite straightforward. The trader goes long the currency with a high interest rate and finances that purchase with a currency with a low interest rate. For example, in 2005, one of the best pairings was the NZD/JPY cross. The New Zealand economy, spurred by huge commodity demand from China and a hot housing market, saw its rates rise to 7.25% and stay there, while Japanese rates remained at 0%. A trader going long the NZD/JPY could have harvested 725 basis points in yield alone. On a 10:1 leverage basis, the carry trade in NZD/JPY could have produced a 72.5% annual return from interest rate differentials, without any contribution from capital appreciation. Now you can understand why the carry trade is so popular!
But before you rush out and buy the next high-yield pair, be aware that when the carry trade is unwound, the declines can be rapid and severe. This process is known as carry trade liquidation and occurs when the majority of speculators decide that the carry trade may not have future potential. With every trader seeking to exit his or her position at once, bids disappear and the profits from interest rate differentials are not nearly enough to offset the capital losses. Anticipation is the key to success: the best time to position in the carry is at the beginning of the rate-tightening cycle, allowing the trader to ride the move as interest rate differentials increase. (To learn more about this type of trade, see Currency Carry Trades 101.)

Forex Market Jargon
Every discipline has its own jargon, and the currency market is no different. Here are some terms to know that will make you sound like a seasoned currency trader:
Cable, sterling, pound – alternative names for the GBP
Greenback, buck – nicknames for the U.S. dollar
Swissie – nickname for the Swiss franc
Aussie – nickname for the Australian dollar
Kiwi – nickname for the New Zealand dollar
Loonie, the little dollar – nicknames for the Canadian dollar
Figure – FX term connoting a round number like 1.2000
Yard – a billion units, as in \”I sold a couple of yards of sterling.\”
To learn more about FX trading, see A Primer On The Forex Market, Getting Started In Forex and Demo Before You Dive In.

Forex Procedure

Forex Procedure Maker How would we know whether an exchanging procedure meets expectations? We can check assuming that it has worked so far by backtesting it on chronicled information. Notwithstanding you can effortlessly run backtests with Forex System Developer. Select the exchanging principles and markers, pick the time span and see what amount you might have made assuming that you had exchanged the methodology for the final month/year/decade.

Where would I be able to get exchanging procedures?
The Web is full of exchanging calculations however a large portion of them will take you. Utilize the method generator instrument to make your own particular techniques dependent upon your exchanging inclination. Advance them to fit the time period and the sort of record you are at present utilizing.
Are my backtest effects dependable?

EUR/JPY and USD/CAD H1 & H4 Update

Please follow the link:
EURJPY & USDCAD Update

Thank You,
Seb

Why was Forex Robot invented

The 24 hours availability of Forex Trading is a double edge sword. While the continuous trading activities allow Forex traders to trade internationally 24 hours a day and make a profit no matter what their nations economy looks like, its live all day long market activities also make it impossible for individual traders to keep track of the Forex market 24 hours a day, resulting them to suffer expected losses during their rest time. To end this, software developers have unveiled Forex robots; software programs that expect and react to every market trend.

What is Forex Robot
These automated online traders use advanced algorithms to make money on the stock market; competing at the same time with other bots as well as humans. Because they can orchestrate multiple trades at once, every second of the day, all a user needs to do is put in money to invest, turn on the robot, and let it earn money. In just a few days, investors can see a fruitful bounty in a diversified portfolio that literally makes money as they sleep.

How to choose a good Forex Robot
The trick to Forex trading is finding the best robot. The ‘strong survive’ theory plays very well in these situations: the Forex robot with the superior algorithm trounces the others and brings in a hefty profit for its owner.

To successfully choose between the good robot and the rubbish one, one built-in must have feature to look for in a winning Forex robot is a dynamic function that shows you the amount of capital needed. Never guess with Forex, one mistake might lose all your gains. Only robots that provide you with exactly how much money to invest should be candidates for your choice. A good Forex robot should protect your investment and making it grow, not dash it all in a single miscalculation.

Another good thing to look for is the percentage of trades the Forex robot wins. While 80%-90% may sound like a lot, you must bear in mind that the wins are almost always small and the loses can be big. A nice ratio to remember is a 1 pip win to a 30 pip loss. You may gain 2% on one stock, but lose all your shares in a single downturn. A 80+ win percentage and higher should be the standard you measure a robot’s success by.

Take your time searching for a quality Forex robot with a high gain percentage, a long, positive track record, and an initial investment calculator. Forex trading can be enjoyable when a robot does the work. The number one rule to remember is to be safe, and make money. Buy a good Forex robot, surf the market, and stack up the pips!

Forex Tutorials, For Forex Trading At All Levels

 Forex Tutorials, For Forex Trading At All Levels

In this section, you will find a wealth of learning materials that will inform you of everything from basic Forex market mechanics to major market indicators.

How does the forex market differ from other markets?

How does the forex market differ from other markets?

Unlike stocks, futures or options, currency trading does not take place on a regulated exchange. It is not controlled by any central governing body, there are no clearing houses to guarantee the trades and there is no arbitration panel to adjudicate disputes. All members trade with each other based on credit agreements. Essentially, business in the largest, most liquid market in the world depends on nothing more than a metaphorical handshake.

At first glance, this ad-hoc arrangement must seem bewildering to investors who are used to structured exchanges such as the NYSE or CME. (To learn more, see Getting To Know Stock Exchanges.) However, this arrangement works exceedingly well in practice; because participants in FX must both compete and cooperate with each other, self regulation provides very effective control over the market. Furthermore, reputable retail FX dealers in the United States become members of the National Futures Association (NFA), and by doing so they agree to binding arbitration in the event of any dispute. Therefore, it is critical that any retail customer who contemplates trading currencies do so only through an NFA member firm.
The FX market is different from other markets in some other key ways that are sure to raise eyebrows. Think that the EUR/USD is going to spiral downward? Feel free to short the pair at will. There is no uptick rule in FX as there is in stocks. There are also no limits on the size of your position (as there are in futures); so, in theory, you could sell $100 billion worth of currency if you had the capital to do it. If your biggest Japanese client, who also happens to golf with the governor of the Bank of Japan tells you on the golf course that BOJ is planning to raise rates at its next meeting, you could go right ahead and buy as much yen as you like. No one will ever prosecute you for insider trading should your bet pay off. There is no such thing as insider trading in FX; in fact, European economic data, such as German employment figures, are often leaked days before they are officially released.

Before we leave you with the impression that FX is the Wild West of finance, we should note that this is the most liquid and fluid market in the world. It trades 24 hours a day, from 5pm EST Sunday to 4pm EST Friday, and it rarely has any gaps in price. Its sheer size and scope (from Asia to Europe to North America) makes the currency market the most accessible market in the world.

Where is the commission in forex trading?
Investors who trade stocks, futures or options typically use a broker, who acts as an agent in the transaction. The broker takes the order to an exchange and attempts to execute it as per the customer\’s instructions. For providing this service, the broker is paid a commission when the customer buys and sells the tradable instrument. (For further reading, see our Brokers And Online Trading tutorial.)
The FX market does not have commissions. Unlike exchange-based markets, FX is a principals-only market. FX firms are dealers, not brokers. This is a critical distinction that all investors must understand. Unlike brokers, dealers assume market risk by serving as a counterparty to the investor\’s trade. They do not charge commission; instead, they make their money through the bid-ask spread.
In FX, the investor cannot attempt to buy on the bid or sell at the offer like in exchange-based markets. On the other hand, once the price clears the cost of the spread, there are no additional fees or commissions. Every single penny gain is pure profit to the investor. Nevertheless, the fact that traders must always overcome the bid/ask spread makes scalping much more difficult in FX. (To learn more, see Scalping: Small Quick Profits Can Add Up.)

What is a pip?
Pip stands for \”percentage in point\” and is the smallest increment of trade in FX. In the FX market, prices are quoted to the fourth decimal point. For example, if a bar of soap in the drugstore was priced at $1.20, in the FX market the same bar of soap would be quoted at 1.2000. The change in that fourth decimal point is called 1 pip and is typically equal to 1/100th of 1%. Among the major currencies, the only exception to that rule is the Japanese yen. One Japanese yen is now worth approximately US$0.01; so, in the USD/JPY pair, the quotation is only taken out to two decimal points (i.e. to 1/100th of yen, as opposed to 1/1000th with other major currencies).

What are you really selling or buying in the currency market?
The short answer is \”nothing\”. The retail FX market is purely a speculative market. No physical exchange of currencies ever takes place. All trades exist simply as computer entries and are netted out depending on market price. For dollar-denominated accounts, all profits or losses are calculated in dollars and recorded as such on the trader\’s account.

The primary reason the FX market exists is to facilitate the exchange of one currency into another for multinational corporations that need to trade currencies continually (for example, for payroll, payment for costs of goods and services from foreign vendors, and merger and acquisition activity). However, these day-to-day corporate needs comprise only about 20% of the market volume. Fully 80% of trades in the currency market are speculative in nature, put on by large financial institutions, multibillion dollar hedge funds and even individuals who want to express their opinions on the economic and geopolitical events of the day.
Learn to trade Forex with FXCM’s Free Trading Guide

Because currencies always trade in pairs, when a trader makes a trade he or she is always long one currency and short the other. For example, if a trader sells one standard lot (equivalent to 100,000 units) of EUR/USD, she would, in essence, have exchanged euros for dollars and would now be \”short\” euros and \”long\” dollars. To better understand this dynamic, let\’s use a concrete example. If you went into an electronics store and purchased a computer for $1,000, what would you be doing? You would be exchanging your dollars for a computer. You would basically be \”short\” $1,000 and \”long\” one computer. The store would be \”long\” $1,000 but now \”short\” one computer in its inventory. The exact same principle applies to the FX market, except that no physical exchange takes place. While all transactions are simply computer entries, the consequences are no less real.

Which currencies are traded in the forex market?
Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority trade the seven most liquid currency pairs in the world, which are the four \”majors\”:
EUR/USD (euro/dollar)
USD/JPY (dollar/Japanese yen)
GBP/USD (British pound/dollar)
USD/CHF (dollar/Swiss franc)
and the three commodity pairs:
AUD/USD (Australian dollar/dollar)
USD/CAD (dollar/Canadian dollar)
NZD/USD (New Zealand dollar/dollar)
These currency pairs, along with their various combinations (such as EUR/JPY, GBP/JPY and EUR/GBP), account for more than 95% of all speculative trading in FX. Given the small number of trading instruments – only 18 pairs and crosses are actively traded – the FX market is far more concentrated than the stock market. (To read more, check out Popular Forex Currencies.)

What is a currency carry trade?
Carry is the most popular trade in the currency market, practiced by both the largest hedge funds and the smallest retail speculators. The carry trade rests on the fact that every currency in the world has an interest rate attached to it. These short-term interest rates are set by the central banks of these countries: the Federal Reserve in the U.S., the Bank of Japan in Japan and the Bank of England in the U.K.
The idea behind the carry is quite straightforward. The trader goes long the currency with a high interest rate and finances that purchase with a currency with a low interest rate. For example, in 2005, one of the best pairings was the NZD/JPY cross. The New Zealand economy, spurred by huge commodity demand from China and a hot housing market, saw its rates rise to 7.25% and stay there, while Japanese rates remained at 0%. A trader going long the NZD/JPY could have harvested 725 basis points in yield alone. On a 10:1 leverage basis, the carry trade in NZD/JPY could have produced a 72.5% annual return from interest rate differentials, without any contribution from capital appreciation. Now you can understand why the carry trade is so popular!

But before you rush out and buy the next high-yield pair, be aware that when the carry trade is unwound, the declines can be rapid and severe. This process is known as carry trade liquidation and occurs when the majority of speculators decide that the carry trade may not have future potential. With every trader seeking to exit his or her position at once, bids disappear and the profits from interest rate differentials are not nearly enough to offset the capital losses. Anticipation is the key to success: the best time to position in the carry is at the beginning of the rate-tightening cycle, allowing the trader to ride the move as interest rate differentials increase. (To learn more about this type of trade, see Currency Carry Trades 101.)

Forex Market Jargon
Every discipline has its own jargon, and the currency market is no different. Here are some terms to know that will make you sound like a seasoned currency trader:
Cable, sterling, pound – alternative names for the GBP
Greenback, buck – nicknames for the U.S. dollar
Swissie – nickname for the Swiss franc
Aussie – nickname for the Australian dollar
Kiwi – nickname for the New Zealand dollar
Loonie, the little dollar – nicknames for the Canadian dollar
Figure – FX term connoting a round number like 1.2000
Yard – a billion units, as in \”I sold a couple of yards of sterling.\”
To learn more about FX trading, see A Primer On The Forex Market, Getting Started In Forex and Demo Before You Dive In.

Top 4 Things Successful Forex Traders

Top 4 Things Successful Forex Traders Do

Exchanging the budgetary markets is encompassed by a certain measure of persona, on the grounds that there is no single equation for exchanging truly. Think about the business sectors as being like the sea and the trader as a surfer. Surfing requires talent, offset, tolerance, fitting gear and being aware of your surroundings. Might you go into water that had risky tear tides or was shark pervaded? Cheerfully not.

See: The 3 Most Timeless Investment Principles

The disposition to exchanging the business sectors is no not quite the same as the disposition needed for surfing. By mixing exceptional dissection with successful execution, your victory rate will enhance breathtakingly and, such as numerous expertise sets, great exchanging originates from a blending of talent and hard function. Here are the four legs of the stool that you can incorporate with a method to serve you well in all business sectors.

Leg No. 1 -Approach

When you begin to exchange, distinguish the quality of legitimate arrangement. The foremost step is to straighten your particular objectives and temperament with the instruments and showcases that you can agreeably identify with. Case in point, assuming that you know something about retailing, then look to exchange retail stocks instead of oil prospects, about which you might know nothing. Start by evaluating the accompanying three parts.

• Time span

The timeline demonstrates the sort of exchanging that is fitting for your temperament. Exchanging off a five-moment outline proposes that you are more open to being in a position without the presentation to overnight hazard. Then again, picking week after week outlines demonstrates a solace with overnight chance and an eagerness to see a few days head off as opposed to your position.

Likewise, choose in the event that you have sufficient energy and ability to sit before a screen throughout the day or assuming that you might like to do your examination quietly over the span of Saturday and Sunday and afterward settle on an exchanging choice for the impending week dependent upon your examination. Recall that the chance to profit in the business sectors requires time. Fleeting scalping, by definition, implies minor benefits or misfortunes. Hence, you will exchange all the more every now and again.

See: Forex Walkthrough

• Procedure

When you pick a timeline, gem a steady technique. For instance, a few traders such as to purchase back and pitch safety. Others incline toward acquiring or offering breakouts. Yet others jump at the chance to exchange utilizing pointers, for example Macd and hybrids.

When you pick a framework or procedure, test it to check whether it finalizes a steady premise and furnishes you with an edge. Assuming that your framework is dependable more than 50% of the time, you will have an edge, regardless of the fact that its a modest one. Provided that you backtest your framework and find that had you exchanged each time you were given a sign and your benefits were more than your misfortunes, chances are extremely great that you have a scoring method. Test a couple of techniques and when you discover one that conveys a constantly positive conclusion, stay with it and test it with a mixture of instruments and different time periods.

• Market (Instrument)

You will discover that certain instruments exchange considerably more systematic than others. Sporadic exchanging instruments make it demanding to transform a scoring framework. Accordingly, it is indispensible to test your framework on different instruments to verify that your framework’s “emotional disposition” matches with the instrument being exchanged. For instance, assuming that you were exchanging the Usd/jpy cash match in the forex business, you might discover that Fibonacci backing and safety levels are more solid in this instrument than in a few others. You might as well likewise test different time periods to discover those that match your exchanging framework best.

See: Taking The Magic Out Of Fibonacci Numbers

Leg No. 2 -Attitude

State of mind in exchanging means guaranteeing that you improve your mentality to reflect the accompanying four qualities:

• Quietness

When you realize what to need from your framework, have the understanding to sit tight for the cost to achieve the levels that your framework shows for either the purpose of section or retreat. In the event that your framework shows a passage at a certain level yet the business sector never achieves it, then move onto the following chance. There will dependably be a different exchange. In different statements, don’t pursue the transport after it has left the terminal; sit tight for the following transport.

See: Patience Is A Trader’s Virtue

• Discipline

Order is the capability to be patient -to sit staring you in the face until your framework triggers an activity focus. In some cases, the value movement won’t achieve your expected cost focus. Around then, you should have the control to have faith in your framework and not to second-estimate it. Control is likewise the capacity to force the trigger when your framework shows to do so. This is particularly correct for stop misfortunes.

• Objectivity

Objectivity or “passionate separation” likewise hinges on upon the dependability of your framework or philosophy. Assuming that you have a framework that furnishes entrance and retreat levels that you know have a high unwavering quality component, then you don’t have to get zealous or permit yourself to be impacted by the slant of savants who are viewing their levels and not yours. Your framework ought to be dependable enough with the goal that you might be certain about following up on its indicators.

See: Trading Psychology And Discipline

• Practical Expectations

In spite of the fact that the business can at times make a much greater move than you foresee, being reasonable implies that you can’t anticipate that will put $250 in your exchanging record and anticipate that will make $1,000 every exchange. Fleeting timelines give less benefit chances than more drawn out term, yet the danger with more drawn out term time spans is higher. It’s an inquiry of danger versus reward.

Leg No. 3 -Discrimination

Diverse instruments exchange distinctively hinging upon who the major players are and why they are exchanging that particu

Forex Trading Basic

 Learn FOREX TRADING

Part 1: Forex Trading Basics

1.1            Understand basic forex terminology.

Ø  The type of currency you are spending, or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell 1 type of currency to purchase another type.

Ø  The exchange rate tells you how much you have to spend in quote currency to purchase base currency. For example, if you want to purchase some U.S. dollars using British pounds, you may see an exchange rate that looks like this: GBP/USD=1.589. This rate means that you'll spend 1.589 dollars for 1 British pound.

Ø  A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.

Ø  A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars.

Ø  The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market.

Ø  The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market.

Ø  A spread is the difference between the bid price and the ask price.

1.2            Read a forex quote. You'll see 2 numbers on a forex quote: the bid price on the left and the ask price on the right.

1.3            Decide what currency you want to buy and sell.

Ø  Make predictions about the economy. If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong.

Ø  Look at a country's trading position. If a country has many goods that are in demand, then the country will likely export many goods to make money. This trading advantage will boost the country's economy, thus boosting the value of its currency.

Ø  Consider politics. If a country is having an election, then the country's currency will appreciate if the winner of the election has a fiscally responsible agenda. Also, if the government of a country loosens regulations for economic growth, the currency is likely to increase in value.

Ø  Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect on the value of the country's currency.

1.4            Learn how to calculate profits.

Ø  A pip measures the change in value between 2 currencies. Usually, 1 pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by 1 pip.

Ø  Multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value.

Part 2: Open an Online Forex Brokerage Account

2.1            Research different brokerages. Take these factors into consideration when choosing your brokerage:

Ø  Look for someone who has been in the industry for 10 years or more. Experience indicates that the company knows what it's doing and knows how to take care of clients.

Ø  Check to see that the brokerage is regulated by a major oversight body. If your broker voluntarily submits to government oversight, then you can feel reassured about your broker's honesty and transparency. Some oversight bodies include:

v  United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)

v  United Kingdom: Financial Services Authority (FSA)

v  Australia: Australian Securities and Investment Commission (ASIC)

v  Switzerland: Swiss Federal Banking Commission (SFBC)

v  Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)

v  France: Autorité des Marchés Financiers (AMF)

Ø  See how many products the broker offers. If the broker also trades securities and commodities, for instance, then you know that the broker has a bigger client base and a wider business reach.

Ø  Read reviews but be careful. Sometimes, unscrupulous brokers will go into review sites and write reviews to boost their reputations. Reviews can give you a flavor for a broker, but you should always take them with a grain of salt.

Ø  Visit the broker's website. The website should look professional, and links should be active. If the website says something like "Coming Soon!" or otherwise looks unprofessional, then steer clear of that broker.

Ø  Check on transaction costs for each trade. You should also check to see how much your bank will charge to wire money into your forex account.

Ø  Focus on the essentials. You need good customer support, easy transactions and transparency. You should also gravitate toward brokers who have a good reputation.

2.2            Request information about opening an account. You can open a personal account or you can choose a managed account. With a personal account, you can execute your own trades. With a managed account, your broker will execute trades for you.

2.3            Fill out the appropriate paperwork. You can ask for the paperwork by mail or download it, usually in the form of a PDF file. Make sure to check the costs of transferring cash from your bank account into your brokerage account. The fees can cut into your profits.

2.4            Activate your account. Usually, the broker will send you an email containing a link to activate your account. Click the link and follow the instructions to get started with trading.

Part 3: Start Trading

3.1            Analyze the market. You can try several different methods:

Ø  Technical analysis: Technical analysis involves reviewing charts or historical data to predict how the currency will move based on past events. You can usually obtain charts from your broker or use a popular platform like Metatrader 4.

Ø  Fundamental analysis: This type of analysis involves looking at a country's economic fundamentals and using this information to influence your trading decisions.

Ø  Sentiment analysis: This kind of analysis is largely subjective. Essentially, you try to analyze the mood of the market to figure out if it's "bearish" or "bullish." While you can't always put your finger on market sentiment, you can often make a good guess that can influence your trades.

3.2            Determine your margin. Depending on your broker's policies, you can invest a little bit of money but still make big trades.

Ø  For example, if you want to trade 100,000 units at a margin of 1 percent, your broker will require you to put $1,000 cash in an account as security.

Ø  Your gains and losses will either add to the account or deduct from its value. For this reason, a good general rule is to invest only 2 percent of your cash in a particular currency pair.

3.3            Place your order. You can place different kinds of orders:

Ø  Market orders: With a market order, you instruct your broker to execute your buy/sell at the current market rate.

Ø  Limit orders: These orders instruct your broker to execute a trade at a specific price. For instance, you can buy currency when it reaches a certain price or sell currency if it lowers to a particular price.

Ø  Stop orders: A stop order is a choice to buy currency above the current market price (in anticipation that its value will increase) or to sell currency below the current market price to cut your losses.

3.4            Watch your profit and loss. Above all, don't get emotional. The forex market is volatile, and you will see a lot of ups and downs. What matters is to continue doing your research and sticking with your strategy. Eventually, you will see profits.

EUR/JPY and USD/CAD H1 Update

Please follow the link here and scroll the page down:
EURJPY & USDCAD H1

Thank You,
Seb

Bagaimana urutan atau langkah yg benar dalam belajar forex?

Ikutilah langkah demi langkah dibawah ini. Supaya terdapat pemahaman yg benar sebaiknya ikuti perlangkah dengan urut dan pahami dulu makna yg disampaikan.

Langkah 1: Apa yg membuat orang melirik Forex ?
Jelas keuntungan/uang, dengan forex Anda bisa jadi cepat kaya

Langkah 2: Fakta dilapangan
Karena Anda tergiur, lalu Anda terjun di forex, menurut laporan data statistik, hanya 10% saja yg bisa jadi kaya, sisanya gagal(naik turun, bahkan sampai dengan bangkrut)

Langkah 3: Dari Fakta, Forex itu Susah dan Beresiko
Melihat statistik lapangan, jadi kesimpulan gampangnya forex itu susah dan jelas beresiko tinggi. Selain resiko uang/dana yg mungkin hilang, ada pula yg mungkin tak terasa adalah resiko kehilangan waktu. Bagaimana jika bertahun-tahun ternyata apa yg diperoleh segitu-gitu saja? Apa ini gak buang-buang waktu, pikiran, konsentrasi, dsb.

Langkah 4: Pertimbangkan
Dari potensi kaya(langkah 1) dan fakta + Susah + Resiko (langkah 2 dan 3) pertimbangkan dulu.... Jangan memaksa, dan lihat ke tipe/model personal Anda. Apakah saya model orang yg bisa menerima semua diatas.
- Jika Anda berpikir 'coba dulu semua baru memutuskan', maka lanjutkan langkah berikutnya.
- Jika Anda tidak cocok dengan resikonya, maka tutup halaman ini.
- Jika Anda tertantang dan tertarik di forex, maka pastikan bahwa Anda serius serius serius belajar, kenapa? awas faktor resiko diatas Anda bisa masuk ke 90% golongan yg gagal. Jangan sampai ini terjadi pada diri Anda.

Langkah 5: Anda Ingin Menjadi Trader Forex Sukses
Jadi sekarang, mulailah belajar, belajar, dan berlatih.
Caranya:
1. Baca semua artikel pada sub Pemula - Newbie
2. Baca semua artikel pada sub Belajar Trading Forex
3. Alternatif: Beli buku-buku forex, cari pdf tentang forex, dsb
4. Sabar, dan luangkan waktu untuk membaca dulu.

Langkah 6: Anda Telah Mengenal Dasar Analisa Forex
Sampai tahap ini seharusnya Anda telah terbayang bagaimana Anda bisa sekiranya meraih profit di forex, dengan ilmu analisa forex. Ilmu utama itu adalah Analisa Teknikal dan Fundamental. Apabila pemahaman Anda sekitar 40-50% dari hasil baca/belajar sebelumnya, maka lanjut ke langkah berikutnya. Apabila belum, perbanyak waktu belajar Anda dan pahami lebih banyak lagi.

Langkah 7: Belajar dengan Berlatih Demo
Baca judul dengan baik, belajar dan berlatih, artinya masih berlatih, belum ada uang disini. Caranya: Baca dan ikuti petunjuk pada artikel sub 'Berlatih Akun Demo'
Dengan fasilitas ini gunakan metatrader + akun demo untuk mengakselerasi proses pemahaman dan pembelajaran Anda akan analisa fundamental dan teknikal.
Bersamaan dengan itu hal penting yg berlu Anda tahu adalah tentang aplikasi metatrader. Baca, pahami, dan kuasai pula. Tentang metatrader bisa dilihat di sub Belajar metatrader

Langkah 8: Mengetahui Sumber dan Resouce Untuk Acuan.
Dari pembelajaran diatas akan analisa, sekarang pasti Anda akan memerlukan sumber yg bisa dijadikan acuan untuk analisa Anda. Berikut dibawah adalah beberapa situs/sumber yg cukup menarik.


Langkah 9: Bagaimana Hasil Latihan Akun Demo Anda?
Tentunya sekarang ini Anda bisa mengukur dan melihat performa trading pribadi Anda lewat akun demo tersebut.
Nah Gimana Hasil? O ya, sampai sekarang ini Anda sudah jalan/latihan berapa bulan? Baguskah profitnya? Konsisten?
Dari pengalaman rekan2, kebanyakan wah udah amblas uang demo nya, lainnya, naik turun, pusing :)
Rekomendasi:
Bagus, jadi Anda tahu kalau forex itu susah, dan biasa laa itu. Jadi: tetap lanjutkan belajar dan latihan Anda.

Langkah 10: Poin Penting, Psikologi Trading.
Anda menguasai diri Anda, maka Anda menguasai forex. Anda tidak bisa dan mubazir menyalahkan forex/pasar (maaf, Anda akan dibilang seorang sok pinter, tapi sebenarnya adalah seorang bodoh sejati). Semua tetap salah Anda sendiri, semakin cepat Anda terima hal ini, semakin baik. Jadi sekarang coba cari artikel-artikel tentang psikologi trading.

Langkah 10: Poin Penting, Money Management
Dalam psikologi trading ada hal-hal tentang emosi keserakahan, balas dendam, dsb. Hal ini pastinya akan menabrak konsep pengaturan dana Anda. Yg berujung pada ketahanan modal trading habis dan semrawut. Jadi sekarang cari artikel tentang money management, dan ingat ini adalah sangat-sangat penting sekali.

Langkah 11: Poin Penting, Trading Forex = Bisnis
Dalam bisnis, ada naik ada turun, perlu perawatan pengembangan, invosi, evaluasi, dan pembangungan secara terus menerus. Hal ini sama dengan trading forex, daripada Anda menjejar cap 'Trader Sukses' bagaimana jika melihat trading forex adalah sebagai perjalanan dimana dari langkah-ke langkah Anda terus mengalami peningkatan knowledge dan profit. Langkah perjalanan Anda semakin mantan dan konsisten.

Langkah 12: Rahasia Sistem Trading Pribadi
Anda telah mengetahui sebagian besar dasar analisa, cara, strategi, dsb, dsb. Jadi sekarang buatlah sistem trading Anda sendiri. Sistem trading ini adalah sistem trading unik yg pas buat Anda sendiri. Tentunya dalam tarap pembuatan Anda bisa baca sana-sini, bisa gabungkan sana-sini. Tapi ingat yg diperlukan adalah sistem trading yg sesuai dengan Anda. Cara logika analisa Anda, Emosi Anda, Kebatinan Anda, Waktu Anda, dsb.
Catatan: Apabila sekarang ini Anda ada kesempatan diajar langsung oleh seorang Master Forex Trader, Percayalah, tidak ada jaminan Anda juga akan menjadi seorang Master Forex Trader :) .. Jadi pahami sendiri maksud dari poin penting ini.

Langkah 13: Wah, Langkah/Angka sial nih, kok Saya masih gini-gini saja ? Performa akun demo saya payah.
Gampang, Santai Aja kalii :)..
Coba tutup dulu semua, bersantai, dan refreshing. Anda berlatih keras tiap hari(24jam) sama juga ada minusnya. Otak dan emosi Anda sumpek. Tidak ada yg mengharuskan Anda bisa sekarang, yg ada Anda sendiri yg gak sabaran.

Langkah 14: Proses Kreasi Sistem Trading.
Lho kok diulang lagi? Iya.. soalnya trading Anda masih payah. Jadi, Anda perlu banyak baca artikel2 forex di seputarforex :), Anda perlu googling artikel di internet, Anda perlu cari teman buat tanya jawab forum forex adalah salah satu sarana yg bagus.
Intinya: Peningkatan Knowledge + Penguasaan Diri + Latihan Intensif => Terciptanya Sistem Trading
Dimana inti diatas ini harus berjalan bersama-sama sekarang.

Langkah 15: Wow, 6-12 bulan ini akun demo saya profit dan konsisten
Wah, kejutan, selamat.... Tetapi tidak bisa dibilang Anda sudah jadi trader sukses. Anda sendirilah yg menilai.
Hanya, dengan bukti 12 bulan hasil yg bagus, tidak ada alasan lagi untuk menahan Anda untuk Terjun ke dunia forex trading real.

Langkah 16: Anda trading di akun real sekarang.
Beberapa poin penting disini:
- Akun demo tak beresiko, Akun real uang Anda benar-benar bisa hilang. Jadi akan ada efek psikologis yg bisa mengacaukan. Jelaslah sekarang Anda lebih emosional, takut, dsb. Hal ini bisa membuat Anda tidak mengikuti sistem trading yg semula telah Anda ciptakan. Hati-hati untuk ini dan persiapkan.
- Anda perlu belajar tentang broker forex, tapi kalau yg ini sih relatif mudah, intinya cuman bagaimana memilih broker forex yg baik, dan tepat untuk Anda. Bisa dibaca pada rubrik ini.

Langkah 17 s/d Unlimitied : Terima Kasih, Dan Terserah Anda.
Sangatlah susah untuk menjabarkan secara berurut apabila Anda telah dalam tahap mastering/penguasaan trading. Bila ternyata sampai saat ini Anda ternyata telah mengikuti langkah2 diatas dengan baik dan urut, itupun jarang orang yg mau :)
Jadi terus gimana? mungkin saat ini Anda sudah lebih master dari kami, bisa jadi, mengapa tidak ? Jadi Anda lebih tahu langkah selanjutnya yg pasti lebih cocok untuk Anda pribadi.

Jika Anda ada waktu, ijinkan kami untuk memberikan contoh analogi kasus.
Saat pertama dan awal, seseorang ahli bela diri akan belajar ilmu. Jurus, fisik, pernafasan, tenaga dalam, dsb, dsb. Jurus bisa puluhan, fisik bisa bikin tubuh babak belur. Nah, ketika ada pertandingan, bagaimana ya kalau saat di lapangan ahli tersebut harus mengingat jenis jurus di kepala, sebelum dia menangkis serangan lawan. Bisa telat, bisa juga tidak, tergantung speed lawan :). Apa iya sih seperti jurus A harus lawan dengan jurus Z, jurus B lawan dengan jurus X, apa ada satu-satu rumusnya gitu. Bisa-bisa kena bogem duluan tuch sebelum inget jurusnya :)). Eh tapi ternyata latihan fisik Anda bagus, jadi kena bogem santai aja kali...
Suatu waktu Ahli beladiri ini ketemu lawan special dimana ternyata dia baru sadar kalau ada tenaga dalam sekuat itu. Nah setelah itu dia bertekad akan mencari cara untuk meningkatkan level tenaga dalamnya.. (ha2, kaya film/game aja)
Yach gitu dech, semoga Anda bisa dapat pencerahan, musti gimana urutan, musti apa yg dipelajari, tetap semua itu relatif...

Artikel ini dibuat semampu kami dengan keterbatasan, semoga dapat memberikan arahan yg lebih benar. Tidak ada jaminan Anda sukses karena artikel ini. Namun supaya Anda lebih cepat dalam belajar, itulah harapan kami.

Kalau kebetulan ada Master2 Forex yg menemukan Artikel ini, mohon kiranya berbagi tips, saran, ilmu, dsb. lewat kotak komentar dibawah ini

EUR/USD H1 Update

This chart has been posted on 08/08/2013 on SIGMA SQUARE part of ResistanceInvest.com.

Clear two sell areas with arrows on chart.

Check where the price is now :)

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EUR/JPY and USD/CAD H1 Update

30-DAY FREE TRIAL ON WWW.RESISTANCEINVEST.COM 

FOR ALL NEW CLIENTS. 

JOIN NOW!!!

GBP/AUD H4 Update

General Overview on 09/07/2013 16:00 CET:

Last leg up(b)  is in three waves and it looks like there is one more wave to the downside missing (c) to complete wave (4) Irregular Flat correction.
161% Fibo Expansion is the usual target fo this wave down - here $ 1.6050.

Support/Resistance:

1.6914 - Swing High
1.6748 - WR1
1.6511 - Weekly Pivot
1.6226 - Technical resistance
1.6108 - WS1
1.6050 - 161%Fibo Expansion

Trading Recommendation:

In anticipation of wave (5) to come, long side of the market should be considered with first entry  on 161%Fibo @ 1.6050 and SL below the round number of 1.6000
Seb

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