Live Bid & Ask

 

SXFX Index

 

Meta 4 hotkeys

 

Left arrow — scroll chart to the left;

Right arrow — scroll chart to the right;

Up arrow — quickly scroll chart to the left or (if the scale is defined), scroll chart upwards;

Down arrow — quickly scroll chart to the right or (if the scale is defined), scroll chart downwards;

Numpad 5 — restores chart vertical scale to its original default. If the scale was defined, this returns the chart back to its visible range;

Page Up — scroll a whole screen to the left;

Page Down — scroll a whole screen to the left;

Home — move the chart to the start point (first bar);

End — move the chart to the end point (last, i.e. most current) bar;

 

"" — zoom out (there are 6 levels of zoom available);

"+" — zoom in;

Delete — delete all selected objects;

Backspace — delete most recently added objects, on a last-added-first-removed basis;

Enter — open/close the fast navigation window;

Esc — close any dialog window;

 

F1 — open the on line help "User guide";

F2 — open the "History Center" window;

F3 — open the "Global Variables" window;

F4 — open Meta-Editor;

F5 — switch to the next profile;

F6 — call the "Tester" dialog window for testing the expert attached to the chart window;

F7 — call the properties dialog window of the expert attached to their chart window, in order to change its settings;

F8 — call the chart setup dialog window, allowing basic chart parameters, colors, etc to be changed;

F9 — call the "New Order" window, allowing the entry of market, limit, stop orders;

F10 — open the "Popup prices" window;

F11 — enable/disable full screen mode;

F12 — scroll the chart one bar to the left;

 

Shift+F12 — scroll the chart one bar to the right;

Shift+F5 — switch to the previous profile;

 

Alt+1 — display the chart as OHLC bars;

Alt+2 — display the chart as OHLC candlesticks;

Alt+3 — display the chart as a line (closing prices only);

 

Alt+ A — copy all test/optimization results onto the clipboard;

Alt+ W — call the chart management window;

Alt+ F4 — exit the program;

 

Ctrl+ A — arrange all indicator window heights by default;

Ctrl+ B — call the "Objects List" dialog window;

Ctrl+ C or Ctrl+ Insert — copy to the clipboard;

Ctrl+ D — open/close the "Data Window";

Ctrl+ E — enable/disable the attached expert advisor;

Ctrl+ F — switch to "Crosshair" mode;

Ctrl+ G — show/hide the vertical/horizontal grid;

Ctrl+ H — show/hide the OHLC line;

Ctrl+ I — call the "Indicators List" dialog window;

Ctrl+ L — show/hide volume data on the main chart;

Ctrl+ M — open/close the "Market Watch" window;

Ctrl+ N — open/close the "Navigator" window;

Ctrl+ O — open the "Setup" window;

Ctrl+ P — print the chart;

Ctrl+ R — open/close the "Tester" window;

Ctrl+ S — save the chart prices (OHLCV) in a file having extensions: "CSV", "PRN" or "HTM";

Ctrl+ T — open/close the "Terminal" window;

Ctrl+ W or Ctrl+ F4 — close the chart window that's currently in focus;

Ctrl+ Y — show/hide date (period) separators;

Ctrl+ Z or Alt+ Backspace — undo object deletions in the reverse order they occurred;

 

Ctrl+ F6 — switch to the next chart window;

Ctrl+ F9 — open the "Terminal — Trade" window and switch the focus into it, allowing trading operations to be entered via the keyboard.

 

American Express

 

Western Union Economy Option

Forex Education Articles

 

Get Real!
Mon, 01 Mar 2010 15:34:38 GMT

My path to becoming a successful trader has been a long journey, from starting with illusions about the markets to coming to see the truths of the markets. Nowadays, when private traders usually start out trading electronically, I believe it is even more imperative that most beginning and even many advanced traders overcome those same illusions I had when I first started out. This might be even truer for new traders who start trading Forex with a broker who is also a market-maker. At these


 

The industry will face a big challenge with the new regulations over the next 10 years – James Chen
Wed, 17 Feb 2010 12:20:06 GMT

James Chen “I remember Francesc’s [Riverola, CEO at FXstreet.com] announcement regarding the launch of the new forex portal website, FXstreet.com ten years ago!”, says James Chen , chief technical Strategist at FX Solution, in an exclusive interview with FXstreet.com on the occasion of the site's ten year anniversary. James Chen began to trade on the foreign exchange market since the inception of the retail forex market and he could see the very beginning of the FXstreet.com adventure. Author


 

The Magic Of Compound Interest
Tue, 09 Feb 2010 12:09:41 GMT

Let me explain the term "Compound Interest" as simple as I can: Compound interest simply pays you interest on your principal; then, when it’s time to pay interest again, you’re paid interest on your principal AND the previous interest that you earned. In other words, the interest that you’re paid adds to and becomes part of the principal that accrues interest during the next period. This means that you have a continuously growing principal amount without having to make another deposit. But if


 

7 rules For Choosing A Forex Broker
Tue, 09 Feb 2010 11:39:29 GMT

With the rapid rise of Forex Trading over the last few years, the number of brokers available in the market are also growing at a rapid rate. Most traders are scratching their heads when it comes to choosing a reliable broker to trade with. Unless you are a bank or large financial institution, you will need a broker to trade currencies. In fact, all individual traders need a broker to trade in the Forex Market. This is a critical step to take before you can begin your journey as a Forex


 

Wealth protection and investment insurance in unstable times
Fri, 15 Jan 2010 17:20:01 GMT

For Pizzolorusso, the story started when he was just 14 and working in his father's mortgage firm. Making a habit of 60-hour weeks, he found his way up from his father's company to a position as head of a subprime mortgage sales team. He was bringing home more than $100,000 a month, choosing each day which of his five cars to drive, shuttling between two luxury homes, partying in expensive New York City nightclubs. Pizzolorusso, still in his 20s, was living the glamorous life. "We rolled up to


 

The Holy Grail for Trading– Proper Money Management
Tue, 24 Nov 2009 16:21:03 GMT

This article is taken from the Forex Journal (October 2009 issue). There are at least 101 theories out there on how to profit in Forex, stocks, futures and more. I personally believe that there is one theory that is essential and critical. That theory is proper Money Management. Money management is all about knowing what exactly you are risking per trade and making sure that level of risk is acceptable to your capital.


 

Currency Corner
Thu, 19 Nov 2009 10:03:32 GMT

This article is taken from the YourTradingEdge magazine (JUL/AUG 2009 issue) The author, Wayne McDonell is the Chief Currency Coach of FX Bootcamp. He is a member of the US National Futures Association and registered as a Commodities Trading Advisor. His new book ‘The FX Bootcamp Guide to Strategic and Tactical Forex Trading’ is available from Wiley Publishing. Wayne McDonell provides analysis of the currency market: currency correlations. "I’m just a forex trader… not! I love trading


 

Video Interview with Ashraf Laidi: What is essential to know when you are choosing a broker?
Tue, 17 Nov 2009 18:05:07 GMT

Ashraf Laidi, Chief Strategist at CMC Markets, provides us with his scoops about the Brokers selection. In an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, Ashraf comments that the key point in the process is to know the details of your brokers, what is the risk management and which services they are offering and which is the minimum capital they require. But the most important, according to Laidi, is to have an account with more than


 

Video Interview with Andrei Pehar: What do you want the broker to offer you?
Fri, 13 Nov 2009 11:26:39 GMT

Andrei Pehar, Chief Technical Strategies at fxKnight.com, lets us know what he wants from brokers. Andrei, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, affirms that spread is certainly important, but much more important is the capacity of the broker to solve fast your doubts and necessities in any moment.


 

Video Interview with James Chen: Which are the most useful tools to identify trends?
Fri, 06 Nov 2009 10:22:55 GMT

James Chen, Chief Technical Strategist at FX Solutions, suggests us the use of moving averages to identify trends and patterns: " Moving averages are really good tools to see trends as well as to set resistance and support levels " James also comments, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, the utility of trend lines to place good positions.


 

Video Interview with Andrei Pehar: How can I know I am a good trader?
Fri, 06 Nov 2009 10:15:03 GMT

Andrei Pehar, Chief Technical Strategies at fxKnight.com, speaks about the trading journal as a very valuable tool: " Keeping a trading journal is the perfect way to identify your mistakes and take actions to avoid it ". Andrei also comments, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, the benefits to do practice positions permanently.


 

Video Interview with Rob Booker: What do you hate and love about brokers?
Fri, 06 Nov 2009 09:15:40 GMT

Rob Booker, Founder and Host at TraderRadio.net, answers us the big question about which broker is the best and the most honest. Booker reviews important questions as where the broker is located, how large it is and how it is managing your money... All these tips to avoid you negative experiences in the future.  An exclusive interview with Rob Booker, recorded during the ITC 2009:


 

Understand your Trading System
Wed, 28 Oct 2009 13:34:41 GMT

In today’s market, a trader’s problems change as quickly as he or she can solve them, which is why having a rule-based strategy is more important than ever, says Mike Baghdady. In addition to trying to make correct trading decisions, new issues have arisen that we must attend to such as anonymity to protect our orders from negative selection and executing our orders with the least possible market impact. We also have to seek liquidity and have an algorithm to help us find that liquidity; and


 

Hedge Fund Investing
Mon, 26 Oct 2009 11:39:56 GMT

Hedge funds and the managers who run them have been getting a lot of publicity lately — and not of the flattering kind. We have massive Ponzi schemes, equally massive losses and outsized systemic risks that are enough to frighten away even the hardiest of investors. So before you leap, you need to look — carefully and deeply into this industry. When you do, however, you'll also find that there's a lot more to hedge funds than has been making it into the evening news ... Hedge funds are an


 

The Forex establishment
Tue, 20 Oct 2009 10:55:14 GMT

While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in “The Forex Establishment.” First, let’s examine what is an establishment. What is an establishment? Established interests, powers, businesses, individuals, and organizations, develop a territory in their own field. This is done by


 

Video Interview with Rob Booker: How to avoid the blowing up account syndrome
Sat, 17 Oct 2009 14:17:08 GMT

Right from the FXstreet.com's International Traders Conference 2009, shot during the first day of the event in Barcelona, October 14th. Rob Booker gave the keys for beginners to survive their first experiences in the Forex market and to avoid the most common mistakes.


 

Currency Options
Tue, 13 Oct 2009 10:02:52 GMT

This article is taken from the YourTradingEdge magazine (MAY/JUNE 2009 issue) The author, Anna Coulling , is a self-taught trader and investor who has been involved in a variety of markets for more than 15 years. She now concentrates on the forex and commodities markets, writing for numerous publications and contributing daily to several niche sites aimed at specific currency pairs or commodities. Trading currency seems to be the hot topic at the moment, and has been for some time. No wonder


 

Choosing an Online Account Type for Forex Trading
Mon, 05 Oct 2009 10:29:23 GMT

This article is taken from the Forex Journal (September 2009 issue). The author, Michael Hiller , has many insights to share regarding the Forex market. He does this in the form of basic guides that help new traders understand this complex market. One aspect of getting started in trading Forex is choosing the right kind of account to meet your trading needs. Michael Hiller outlines the various types of online Forex accounts and discusses their pros and cons.


 

Methods of Forecasting the Behavior of the Forex Market
Mon, 05 Oct 2009 10:35:19 GMT

This article is taken from the Forex Journal (September 2009 issue). The author, Franco Shao , is the founder of ForexCycle.com – a website that focuses on market trends and data analysis of the financial markets, especially for Foreign Exchange trading. It was established in 2005. Franco has rich experience in the industry. As a trader, he has been engaged in the financial markets for over 10 years. Recently, he has been paying more attention to managing his website in addition to Foreign


 

Profit from trading by going back to basics
Fri, 25 Sep 2009 13:43:01 GMT

Untrained traders flooding in paired with unprecedented market volatility means the game has changed for professional traders, says veteran Mike Baghdady, but the solution is simpler than others would have you believe... Drawing charts by hand back when only trading floors had access to live data is a bygone era today, but this was the scene when I started out. We relied solidly on price charts and chart structure and what we thought were cast-iron indicators to predict price behaviour and we


 

Day 30 - Am I ready to go live
Fri, 11 Sep 2009 12:19:29 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 29 - Trading Techniques - System Trading
Thu, 10 Sep 2009 10:54:37 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 28 - Trading Techniques - Writing a Trading Plan
Wed, 09 Sep 2009 15:02:06 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

What is Forex, what is investing, what is the future?
Tue, 08 Sep 2009 16:18:01 GMT

Origins of Modern Finance We must reference regulations, because regulations are the framework that the majority of finance operates in. Theories, strategies, and products, which do not fit into regulatory framework, are only hypothetical. Financial regulations are based on a series of laws created during and after the Great Depression, such as “The Securities Act of 1933” i and “The Federal Reserve Act (of 1913)ii and others. In 1933: Technology: The modern day computer did not exist, nor did


 

Day 27 - Trading Techniques - How much can I make
Tue, 08 Sep 2009 06:43:25 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 26 - Trading Techniques - What type of trader am I
Tue, 08 Sep 2009 06:40:07 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 25 - Trading Techniques - Best time to trade
Fri, 04 Sep 2009 13:36:23 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 24 - Trading Techniques - Finding the Best Currency Pair
Thu, 03 Sep 2009 14:56:11 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 23 - Trading Techniques - Placing Stops
Thu, 03 Sep 2009 14:49:20 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 22 - Trading Techniques - How much can I risk
Thu, 03 Sep 2009 14:44:14 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 21 - The Fundamentals - Market Correlations
Mon, 31 Aug 2009 14:20:17 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 20 - The Technicals - Trading the News
Fri, 28 Aug 2009 14:30:44 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Tracking Correlations Between Equities, Commodities and Currencies
Thu, 27 Aug 2009 15:08:34 GMT

This article is taken from the Trader's Journal magazine (August 2009 issue) The author, Steve Misic , has been trading for more than 15 years. His experience is broad based, actively trading equities, futures, forex, and options. Mr. Misic is licensed as a series 3 commodities broker, series 7 securities broker, and holds his NASDAQ series 63 license. He was the assistant head trader for the R&J Financial Hedge Fund. Mr. Misic also spent time at the Chicago Board of Trade where he was


 

Top ten tips for forex success - Part 3
Thu, 27 Aug 2009 15:16:22 GMT

This article is taken from the Forex Journal (August 2009 issue). The author, Jade Gate , is a professional in management and education sectors (managing education facilities). She has been trading stocks, options and futures for 5 years and began trading Forex one year ago. She thought Forex would be fairly straightforward given her background, but found it much more complex than she had anticipated and has recently come through the “apprenticeship” phase and is now trading Forex


 

Day 19 - The Fundamentals – TANKAN
Thu, 27 Aug 2009 09:18:04 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Top ten tips for forex success - Part 2
Wed, 26 Aug 2009 15:29:07 GMT

This article is taken from the Forex Journal (July 2009 issue). The author, Jade Gate , is a professional in the management and education sectors (managing education facilities) and has been trading stocks, options and futures for 5 years. She began trading Forex one year ago. She thought Forex trading would be fairly straightforward given her background, but found it much more complex than she had anticipated. She has recently come through the “apprenticeship” phase and is now trading Forex


 

Top ten tips for forex success - Part 1
Wed, 26 Aug 2009 15:27:59 GMT

This article is taken from the Forex Journal (June 2009 issue). The author, Jade Gate , is a management professional in the education and quality control sectors (managing education facilities). She has been trading stocks, options and futures for 5 years and began trading Forex one year ago. With her background, she thought Forex would be fairly straightforward, but found it much more complex than she had anticipated. Having recently come through the “apprenticeship” phase of Forex trading,


 

Day 18 - The Technicals – Candlesticks
Wed, 26 Aug 2009 07:21:24 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 17 - The Fundamentals – ZEW
Tue, 25 Aug 2009 06:37:42 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Day 16 - The Technicals – Fibonacci
Mon, 24 Aug 2009 06:41:56 GMT

The 30-day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market.


 

Currency Corner: Trading in the pits
Thu, 14 Jan 2010 16:18:27 GMT

This article is taken from the YourTradingEdge magazine (SEP/OCT 2009 issue) The author, Wayne McDonell is the Chief Currency Coach of FX Bootcamp. He is a member of the US National Futures Association and registered as a Commodities Trading Advisor. His latest book ‘ The FX Bootcamp Guide to Strategic and Tactical Forex Trading ’ is available from Wiley Publishing. Wayne McDonell provides analysis of the currency market: how professionals use weekly pivot points. "A few weeks ago, I was lucky


 

Introduction and Oscillator Divergence/Momentum Confirmation
Wed, 23 Dec 2009 15:18:44 GMT

Technical analysis can be defined as the study of past price behavior in an effort to determine patterns and trends that are believed to be predictable of the future. At the core of this school of thought is the assumption that human behavior is repetitive in nature. We all recognize that, although human behavior patterns may have recurrent tendencies, they do not normally express themselves in the same exact, mechanical manner each time. Even with this qualification in mind, technical


 

Pivot System Support and Resistance
Wed, 23 Dec 2009 15:17:35 GMT

Pivot System Support and Resistance Judgements made about likely market behavior which are based on momentum analysis can be even more productive if we have predetermined levels available which can act as "price templates" in interpreting the day's trading activity. The "Pivot System" is one such approach. Floor traders and other professionals who do the actual buying and selling of futures contracts in the trading pits of the exchanges, generally employ very similar systems for valuing the


 

Dynamic Support & Resistance Levels for Intraday Trading
Wed, 23 Dec 2009 15:15:45 GMT

Dynamic Support & Resistance Levels for Intraday Trading As helpful as Pivot System levels often are, a significant drawback to their use lies in the fact that they are calculated from the prior day's price action, and may not accurately reflect recent changes in market psychology. Effective intraday trading also requires a means of identifying support and resistance which can more easily adapt and more accurately represent price activity under rapidly changing market conditions. The 20


 

Use of Prior Day Highs and Lows
Mon, 28 Dec 2009 08:30:33 GMT

Use of Prior Day Highs and Lows Each of the intraday trading techniques discussed so far have relied on reference levels arrived at by means of mathematical calculations. The technique discussed in this section, in contrast, will deal with a set of support and resistance levels which are much more intuitively obvious. In short, we will discuss a technique for using the prior day's price extremes as a means of determining market-based valuation levels. If market activity is thought of as an


 

Combining Japanese Candlesticks with Western Technical Analysis for a High-Probability Forex Trading Combination...
Tue, 22 Dec 2009 16:59:24 GMT

This article is taken from the Forex Journal (December 2009 issue). The author, James Chen , CTA, CMT, is Chief Technical Strategist at FX Solutions, a leading Forex broker. He is a registered Commodity Trading Advisor and a Chartered Market Technician, as well as the author of the book, Essentials of Foreign Exchange Trading (John Wiley & Sons, 2009). His newest book, Essentials of Technical Analysis for Financial Markets (John Wiley & Sons) will be released in early 2010. James Chen


 

Managing your trades with ATR
Tue, 22 Dec 2009 11:49:16 GMT

This article is taken from the Trader's Journal magazine (December 2009 issue) The author, Don Dawson , has been trading the futures markets for 20 years. His perseverance through the ups and downs of trading, openness to experience of others, balanced tolerance for risk and patience to wait for his setups are a few of his strengths as a trader. He obtained his Series 3 license in 1990. Soon afterwards, he registered as a Commodity Trading Advisor with the National Futures Association and


 

Average True Range
Mon, 14 Dec 2009 15:32:05 GMT

This article is taken from the Trader's Journal magazine (October 2009 issue) The author, Don Dawson , has been trading the futures markets for 20 years. His perseverance through the ups and downs of trading, openness to experience of others, balanced tolerance for risk and patience to wait for his setups are a few of his strengths as a trader. Don obtained his Series 3 license in 1990. Soon afterward, he registered as a Commodity Trading Advisor with the National Futures Association and


 

Ups and Downs Price-Oscillator Divergences in FX Trading
Tue, 24 Nov 2009 16:26:56 GMT

This article is taken from the Forex Journal (October 2009 issue). The author, James Chen , CTA, CMT, is Chief Technical Strategist at FX Solutions, a leading forex broker under the City Index Group. He is a registered Commodity Trading Advisor and a Chartered Market Technician, as well as author of the new book, Essentials of Foreign Exchange Trading (John Wiley & Sons, 2009). Many Forex traders consider divergence to be a complete, self-contained trading signal that can accurately


 

Trading Broadening Top/Bottom Patterns
Mon, 23 Nov 2009 15:48:57 GMT

This article is taken from the Trader's Journal magazine (September 2009 issue) The author, Suri Duddella , is the author of a new book Trade Chart Patterns Like The Pros. Suri is a private trader and has been trading full time futures and equities markets for the past 14+ years. Broadening top and bottom patterns are considered reversal patterns and usually appear at the major tops/ bottoms. Suri Duddella discusses how to identify and trade these reliable chart patterns.


 

Video Interview with Kim Cramer Larsson: Which are the most useful tools for patterns and trends?
Wed, 11 Nov 2009 17:24:34 GMT

Kim Cramer Larsson, CEO at Financial Trend Analysis, shares with you, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, tips on how to find top and bottom on candlestick patterns with the use of RSI that could help to confirm these reversal signals.


 

Video Interview with Markus Heitkoetter: How to determinate the trading conditions in volatile markets
Tue, 01 Dec 2009 11:17:32 GMT

Markus Heitkoetter, CEO at Rockwell Trading, comments the best way to determinate trading conditions. He also shares some tips about how to identify what markets are doing and the necessity of incorporating volatility in your trading. Markus gives know his three favorite technical indicators. An exclusive interview with Markus Heitkoetter, recorded during the ITC 2009:


 

Video Interview with Andrei Pehar: How to improve your Fibonacci reading?
Fri, 06 Nov 2009 09:05:01 GMT

Andrei Pehar, Chief Technical Strategies, gave us his key tips to do a better Fibonacci analysis in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona. Andrei comments the four essential points in Fibonacci.


 

Unlocking Volume Analysis
Wed, 02 Sep 2009 14:04:54 GMT

This article is taken from the YourTradingEdge magazine (MAY/JUNE 2009 issue) The author, Todd Krueger , is a professional trader, educator and creator of Wyckoff Candle Volume Analysis. He is the founding President of Traders Code, LLC; which provides professional trading tools and education to the retail trader. Todd Krueger explores volume analysis techniques: supercharge your chart-reading skills by combining Wyckoff Volume Analysis with candlestick patterns. In the beginning Most traders


 

Bollinger band applications in the forex
Wed, 26 Aug 2009 15:31:23 GMT

This article is taken from the Forex Journal (July 2009 issue). The author, Alex Douglas , is an Associate Director, Head of Business Development and Market Strategist for City Index Australia. He drew his first chart by hand in 1983 and has twenty years of market experience including roles ranging from futures pit trader to Global Head of Foreign Exchange Technical Analysis. He is on the Board of the International Federation of Technical Analysts (IFTA) and was instrumental in the


 

Trading with Ichimoku Kinko Hyo
Wed, 29 Jul 2009 09:57:38 GMT

Let’s start by understanding what the name of this indicator means, in order to understand how it is used. The Japanese term “Ichimoku” means “instant view’ or “one glance”, “Kinko” is the equivalent of “equilibrium” or “balance” and “Hyo” means “chart”. So, we can translate the full name “Ichimoku Kinko Hyo” to “Instant view of the balance chart” . This indicator was developed by Goichi Hosoda around 1969, and from that point forward Ichimoku Kinko Hyo has become a permanent feature in


 

What is a market cycle?
Thu, 23 Jul 2009 12:34:02 GMT

This article is taken from the Forex Journal (April 2009 issue). The author, Franco Shao , has rich experience in the industry. As a trader, he has been engaged in the financial markets for over 10 years. Recently, he has been paying more attention to managing his website in addition to Foreign Exchange trading. Franco has written some articles presenting his opinions about the trends, estimation and analysis of the financial markets and Foreign Exchange trading. He is keenly interested in


 

Why many technical indicators are failing the current market?
Thu, 23 Jul 2009 12:36:31 GMT

This article is taken from the Forex Journal (April 2009 issue). The author, Mark Whistler , is a professional trader, author and analyst. His books include The Swing Trader’s Bible (John Wiley & Sons, Inc. 2008), co-authored with Matt McCall, Trading Pairs (Wiley, 2004), Trade with Passion and Purpose (John Wiley & Sons, Inc. 2006), Profit from China (Investment U/Wiley, 2006) and Profit from Uranium (Investment U/Wiley, 2006). Mark’s newest book, Trading Forex Volatility (co-authored


 

A view from the top and the bottom
Thu, 23 Jul 2009 10:40:53 GMT

This article is taken from the Trader's Journal magazine (April 2009 issue) The author, Don Dawson , is Online Trading Academy Commodity Futures Instructor. Don Dawson shows how to use the double top and double bottom chart pattern in trading. He also describes how to include Bollinger Band analysis to enhance the trading opportunity.


 

Elliot Wave principle
Wed, 22 Jul 2009 09:47:50 GMT

This article is taken from the Forex Journal (March 2009 issue). The author, Franco Shao , is founder of ForexCycle.com, a website that focuses on market trends and data analysis of the financial markets, especially for foreign exchange trading. It was established in year 2005. Franco has rich experience in the industry. As a trader, Franco has been engaged in the financial markets for over 10 years. Recently, he has been paying more attention to his website management and foreign exchange


 

Pivot Point Analysis
Wed, 22 Jul 2009 10:18:48 GMT

This article is taken from the Trader's Journal magazine (March 2009 issue) The author, Don Dawson , is the Online Trading Academy Commodity Futures Instructor. Today, there literally are hundreds of technical studies. For this reason, some of the more traditional studies are starting to work again. Doug Dawson outlines the benefits of using Pivot Point analysis to trade the markets.


 

Using Moving Averages as Trend filters
Wed, 22 Jul 2009 09:54:55 GMT

This article is taken from the Trader's Journal magazine (March 2009 issue) The author, Gabe Velazquez , is a professional trader with 14 years of experience. His focus is intra-day and swing trading the TF (Russell 2000 E-Mini) using technical analysis as his primary tool. Gabe has managed stocks and futures accounts and has conducted educational seminars on technical analysis for the past ten years. He is a frequent guest on Biz radio, where he shares his market knowledge and utilization of


 

Candlesticks and their whole picture
Tue, 16 Jun 2009 15:09:48 GMT

This article has been born with the help of the Investija.com customers and visitors. Popularity of the candlesticks is huge, for that reason an amount of questions about it is understandably big. All the questions have a tendency to clarify which candlestick pattern works most. I decided to write an article about my understanding about candlestick charting and give my view about practical approach to candlestick charting. Japanese candlesticks took a major place in technical analysis and


 

Practical trade with channels
Fri, 15 May 2009 08:25:50 GMT

A channel is a figure of high reliability, formed by two parallel trend lines at its borders. One connects the price highs, the other the price lows, and in between, there is a zone where the price tends to stay until it breaks. Both trend lines, upper and lower, act as support and resistance. Figure for itself shows the market trend. There are different kinds of channels, but they mostly work the same way. Let’s see a practical example of each one: Horizontal Channel: It can be find either in


 

Volume Weighted Average Price
Wed, 16 Sep 2009 14:19:18 GMT

In currency trading, many retail traders can lose fortunes, before ever even hearing about VWAP and TWAP. It's proclaimed 'hi-tech' at home traders can seemingly miss major institutional benchmarks like I have just mentioned. Clearly, the simple fact that so many retail traders have no clue about VWAP, simply proves suc within the hands of those controlling the bulk of the order flow. VWAP (Volume Weighted Average Price is really the average price over an average period of time, weighted for


 

Moving Averages. Do they work?
Fri, 17 Apr 2009 14:42:41 GMT

This article is taken from the Trader's Journal magazine (February 2009 issue) The author, Subrina Mahmood , is currently working on her MBA in finance at Monmouth University. Moving averages are a popular technical trading tool used to generate buy and sell signals. The question is – do they work? Subrina Mahmood lead a discussion on various moving average crossover strategies using simulated tenyear stock data series. Moving averages are a popular technical trading tool used to generate buy


 

Trading with moving averages
Fri, 20 Mar 2009 13:15:35 GMT

As many of you already know, Forex is the most amazing and popular electronic financial market: it moves 1.5 trillion dollars a day, what NY Stocks market moves in a year. A 24 hours a day, 7 days a week market, with high volatility and liquidity, and with a plus advantage: leverage. A market where you can choose to go bull or bear with no cost: no extra premiums to pay, no additional options. It seems pretty much convenient, right? Well, let me tell you the disadvantages before I continue:


 

Trading the trend and breaks
Fri, 20 Mar 2009 13:06:08 GMT

I always post here that we should wait for breaks or confirmations. Breaks of key levels of support and resistance or trend lines. So I will tell you the basic rules to trade with trend lines, I hope you will enjoy these basic education tips! As you may know, we always say that it is better to trade following the trend . This means that in a bullish market we should buy to take profits by selling. Of course we can trade against the trend - in fact I do it all the time - but we must be aware


 

Leash in Retracements with Arcs
Tue, 24 Feb 2009 17:41:40 GMT

This article is taken from the Forex Journal (February 2009 issue). The author, Cornelius Luca , is the writer of Technical Analysis Applications – McGraw-Hill, 2004, Trading in the Global Currency Markets – Penguin Books, Third edition, 2007, Technical Analysis Applications in the Global Currency Markets – Penguin Books, second edition, 2000, and Introduction to Technical Analysis – Euromoney, 1997. He has authored numerous articles in both Stocks & Commodities and Futures. The ability to


 

Trading Multiple CCI Time Periods
Wed, 16 Sep 2009 14:23:09 GMT

Within Forex, there’s something professional traders call, “chasing indicators.” Sadly, so many retail traders – with the mindset that trading Forex profitably is easy – fall victim to this destructive attitude and unfortunately, constantly find themselves behind the curve as volatility kicks in. However, there is another way to trade. In this special report, traders will learn why “chasing indicators” is such a losing game, while also seeing how they can begin putting indicators on their side


 

Perceiving Forex Volatility via Descriptive Statistics… Deriving Trending and Reversals - Part 2
Wed, 16 Sep 2009 14:26:14 GMT

Even when traders embody substantial technical and fundamental knowledge, risk prevails without the proper understanding of the larger probability/volatility paradigm behind currency trading. Here, traders are encouraged to boldly challenge typical pre-conceived notions of charting, in an effort to see beyond the fallacy of technical analysis. In the end, traders who understand descriptive statistics will find greater clarity and perception of volatility, before it even appears. Words of


 

Perceiving Forex Volatility through Descriptive Statistics - Part 1
Wed, 16 Sep 2009 14:25:49 GMT

Forex markets often display significant volatility catching many traders by surprise. However, with a simple understanding of descriptive statistics and moving averages, many could soon find themselves ahead of the curve. Many traders – both new and experienced – often find themselves at a loss attempting to understand why Forex markets tend to experience extended volatility. In simple terms, the reasoning behind extended volatility is that of continued buying, or selling beyond easily


 

The 123 chart pattern
Mon, 22 Dec 2008 16:35:15 GMT

The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio. 123’s occur at the end of trends and swings, and they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing... This is the Powerpoint Presentation of the webinar held by Sunil Mangwani about the 1-2-3 chart pattern in late December 08. You can also watch the recording of that


 

Rediscovering Gann's Law of Vibration
Wed, 22 Oct 2008 15:20:36 GMT

This article is taken from the Trader's Journal magazine (October 2008 issue) The author, James Smithson , is an investor, trader and student of Gann based in London, England. James Smithson discusses the discovery and use of Gann’s ‘Law of Vibration,’ a method for accurately forecasting the trends of the stock and commodities markets William D. Gann (1878 – 1955) was an outstanding technical analyst. He was also a prolific teacher of how to make speculation a profitable profession, writing


 

Trading Forex with Danielcode support and resistance
Mon, 22 Sep 2008 14:17:07 GMT

This article is taken from the Trader's Journal magazine (September 2008 issue) The author, John Needham, is a Sydney Lawyer and Financial Consultant. He publishes The Danielcode Report and writes occasionally on other markets. He lives with his family in Australia and New Zealand. John Needham continues to explain how the Danielcode provides early notice of support and resistance levels. All forms of analysis work some of the time but none work all of the time so traders are always in search


 

Trading by the patterns
Mon, 22 Sep 2008 13:41:04 GMT

This article is taken from the Trader's Journal magazine (Aug 2008 issue) The author, Teresa Appleton is the founder and CEO of TradeLogic, LLC. She started trading while pregnant with her first son (Troy) and not only was that a blessing it was the start of a new career. 1997 was the big market boom when you could hear grandmothers talking about trading at the grocery store. Teresa is self-taught and reading for hours to her newborn (trading books of course, not Dr. Seuss) helped to keep her


 

Support and Resistance: Theory and practice
Thu, 11 Sep 2008 15:32:03 GMT

I am in the forex market just for few years and my experience is not huge, but after some gains and losses I started feel very confident about my trades. In this article I simply would like to share my points of view to the market and I strongly feel that support and resistance lines do not get it's deserved appreciation in the publications. We all know that support and resistance are very important, but still most of the trading methods do not include those lines at all. Drawing tools in the


 

Trading rules
Thu, 11 Sep 2008 15:38:15 GMT

This is the first of the series of the articles about my technical analysis and trading method. I hope it will be useful for novice traders. First of all we need to find out what we are going to do. We need to analyse market direction and take the decision are we going to sell or buy. To take the decision according direction of the market is easy: if market is going up – we buy; if down – we sell; if sideways – we wait for opportunity to buy or sell, or could enter the market on chart


 

Tale of the tails
Thu, 04 Sep 2008 08:37:37 GMT

This article is taken from the Forex Journal (July 2008 issue). The author, Brandon Wendell, is a member of the Market Technicians Association, the Chartered Financial Analyst Institute, and now holding the Chartered Market Technician Designation, Brandon has appeared as a guest on CNBC Asia’s Cash Flow and conducted special seminars for CNBC staff on technical analysis. He has published articles in The Trader’s Journal Magazine and was interviewed in Share Investor Magazine. Brandon Wendell


 

Fibonacci Profit Objectives
Thu, 03 Jul 2008 16:02:15 GMT

This article is taken from the Trader's Journal magazine (May 2008 issue) The author, Joe DiNapoli, is a veteran trader with over 40 years of solid market trading experience. He is also a dogged and thorough researcher, an internationally recognized lecturer, and a widely acclaimed author. Joe, a registered C.T.A. for over 15 years, has taught his techniques in the major financial capitals of Europe, Asia, Russia, the Middle East and South Africa as well as in the United States. His articles


 

Back To Basics, Part 2: The Definition of a Stop Loss
Tue, 09 Mar 2010 12:22:37 GMT

This week I would like to revert back to the basics of successful trading once more and thought that there would be no better subject to cover than that of the Stop Loss. I have had the privilege of working with hundreds of new Forex students from around the world via both the Online Trading Academy classroom and Extended Learning Track (XLT) experience. Each and every one of these up and coming Forex traders has received the very same message from me and that is regarding the vital importance


 

Proper Use of the CCI
Tue, 09 Mar 2010 12:25:07 GMT

While I do not use indicators or oscillators in my own trading, I do know one thing for sure - they all work. Yes, I said they all work fine and I mean it. What is needed is to define the word "work." These are all lines plotted on a chart based on different mathematical calculations depending on the indicator or oscillator. The math works fine and the lines are plotted where they should be so do they work? YES. If the definition of "working" has to do with producing profitable buy and sell


 

The False Security of a Virtual Environment
Tue, 02 Mar 2010 12:19:26 GMT

This week I have been teaching the Professional Forex Trader course in the physical classroom. I enjoy this environment very much as it gives me the opportunity to interact face-to-face with new Online Trading Academy students who are taking their first steps on the path of trading education. We study the various aspects of successful Forex trading including how to determine risk, plan targets, identify trend and how to scan the markets for only the highest probability, low risk setups. It is


 

Got Questions? Sam has Answers!
Tue, 02 Mar 2010 15:55:18 GMT

Sam, I am an Online Trading Academy stock trading graduate and soon to be futures class attendee (with XLT hopefully to follow if I like futures). Thank you for this week's "Systems Trading - A Complex World with Simple Answers" article; it was very enjoyable, well developed and perfectly explained. The only thing that I would ask is how you use these trade rules for "sideways" markets like we have now? I trade the "SPY" and I am having some difficulties with lack of movement. I often opt out


 

Back To Basics, Part 1: Trends
Tue, 23 Feb 2010 13:58:56 GMT

Sometimes we just need to keep things simple. I live by this motto in my personal trading career and always send the same message to each and every one of my classroom and Extended Learning Track (XLT) students. Trading should be clear and practical at all times. The minute we make things too complicated, the account usually suffers as a result. I have been there and bought the t-shirt! After experimenting with various technical indicators and chart patterns, I soon realized that the most


 

System Trading – A Complex World with Simple Answers
Tue, 23 Feb 2010 13:35:19 GMT

Recently in the Extended Learning Track (XLT) - Stock Mastery class, we had a lesson on trading systems. While I can't go over all the information during that session in this piece, I wanted to share some of the important aspects of that lesson. I have been in the business of market speculating and market/trading education for over 15 years. While Futures and Forex have always been the main markets I trade and manage accounts in, I have also spent plenty of time trading stocks and options as


 

Knowing When Enough is Enough
Wed, 17 Feb 2010 12:29:16 GMT

If I had to name the one single key to successful and consistent trading results, it would be Discipline. In virtually every aspect of trading, we have to control ourselves because as I have stated time and time again in previous articles, human beings were never designed to be traders. Let's list some of the common reasons why most novice traders hit a road block with their activities: 1. They have little concept of protecting their capital and managing risk 2. They do not understand how


 

Emotion Always Pays Logic
Wed, 17 Feb 2010 12:18:25 GMT

One of the most common reasons for aspiring traders having difficulty during their journey towards self-empowerment is emotion. Herd mentality trading is an account killer. Buying after a big rally in price is like going to the bank, withdrawing funds from your savings account, and then handing those funds to the person in line behind you. As you leave the bank, you say to yourself, "Why did I just do that?" A while back, I was instructing and trading in Irvine, California. We had a very good


 

Your Questions Answered
Tue, 09 Feb 2010 13:44:59 GMT

Hi Sam, Enjoyed your insightful article on 1/26 about supply & demand but my question is: Which chart time frame is most useful? As you know, different time frames will show different pictures so which do you recommend? Thanks for the email. There are two parts to this answer. First, this depends on what type of market speculating you are doing. Are you looking to day trade, swing trade, or trade with a longer term time horizon? Maybe you will do all of the above. Whatever the answer is,


 

Short, Sweet and to the Point
Tue, 09 Feb 2010 13:33:02 GMT

It has been a busy couple of weeks for me and I don't mind one bit. I think it is healthy to start a New Year in the way that you plan to go on and 2010 is no exception. With my teaching in class for Online Trading Academy and my ongoing Extended Learning Track (XLT) class commitments, I am always on the move; but one of the best things about trading is that you can fit it around your life so I never feel like I am missing out. In fact, having distractions aside from my own trading is a huge


 

Forex Minds Want to Know
Tue, 02 Feb 2010 13:44:42 GMT

I would like to extend a warm thanks to all who read my weekly newsletters. I enjoy writing them thoroughly and if they provide some useful tips and tricks for the many Forex traders out there, then that is an even bigger bonus. As an instructor and Extended Learning Track (XLT) mentor for Online Trading Academy, I am constantly receiving numerous emails from my students and traders new to the world of Online Trading Academy education and one of the biggest challenges I face on a day to day


 

Trading Tools You May Not Find in Books
Wed, 03 Feb 2010 16:35:51 GMT

Do you agree with Sam? Debate with other traders in FXstreet.com Forum. As I have mentioned many times, at the core of any successful trading and investing strategy is an "edge." Few traders and investors ever attain the significant market edge they desire and there is a simple reason for this. Most new market speculators begin their quest for edge-building information and education at the local book store or online. They naturally are drawn to reading best sellers and popular authors with


 

Perception vs Reality, Part 3: Technical Analysis vs Price Action
Wed, 27 Jan 2010 07:09:39 GMT

So this week comes the final part of my exploration of the huge differences between our Perceptions of trading and the actual Reality. A couple of weeks ago when I wrote the first part of this series of articles, you may have wondered why I was making such a huge deal of something which most active traders in the world have never given a moment's thought about, but that's fine with me. I also know that the majority of the world's active traders struggle to achieve consistent profits in the


 

Trade What is Real, Not What You Feel
Wed, 27 Jan 2010 06:41:04 GMT

Remove the Veil of Illusion from Trading and Investing Consistent low risk profits from trading and investing is a challenge many millions of people take on, yet only a select few are ever able to attain. The objective and mechanical rules for consistent low risk profits are very simple, yet the layers of illusions keep most from ever seeing what is real in trading and investing. The two main forms of analysis in trading and investing are technical and fundamental analysis, and they are very


 

Perception vs Reality, Part 2: Consistent Wins or Consistent Profits
Thu, 21 Jan 2010 14:43:44 GMT

Following on from my previous newsletter, this week I will continue my exploration of the differences between trading perceptions and realities. There are various market myths floating around at anytime but among the most common I encounter from novice traders is on the subject of win to loss ratios. Pretty much everytime I teach a class or do a presentation, I am asked, "What is your percentage of winning to losing trades?" I do not baulk when asked this, as I clearly remember asking the very


 

Planes, Trains and Automobiles
Thu, 21 Jan 2010 14:31:48 GMT

One of my favorite John Candy movies of all time. When I was a teenager, I was an extra in another one of his movies and got to meet him, big funny guy just like I expected. As funny as the movie is, there is a real story in it that all traders need to be aware of. I go through periods where I travel quite a bit. Air travel can be draining because air travel means airports. Being an Executive Platinum member, knowing all the short cuts and tricks with lines and special seating, I still find


 

Perception vs Reality, Part 1: Value and Price
Tue, 12 Jan 2010 12:43:35 GMT

Time and time again, I have said that all humans were never designed to become consistently profitable traders. There are many reasons why the majority of individuals fail to make regular profits from Forex trading, but in the end, it all stems from the simple fact that most people are completely unaware of the difference between perception and reality. Ever since people began to speculate in the money markets, there has been this common belief that only the top guys in Wall Street have the


 

The Quest for Truth
Wed, 13 Jan 2010 08:50:22 GMT

At the core of any significant economic, political, scientific, social, medical, psychological or cultural theory lies a quest to understand and quantify the forces of change, action, or energy. The theories that attempt to quantify "force" that have stood the test of time date back centuries and are extremely simple. In 1686, noted physicist Isaac Newton suggested in his Laws of Motion that an object will remain in motion until it is met with an equal or greater force. Noted economist Adam


 

New Year's Resolutions
Thu, 07 Jan 2010 12:24:59 GMT

In keeping with the seasonal spirit, I thought that I would offer some suggestions for 2010. We all try to make New Year’s resolutions in an attempt to get ourselves on the right track for the months ahead. As we know in the reality of life, these good intentions are often forgotten quickly and we fall back into old habits we were trying to break in the first place! We are all guilty of this, as we are only human but I would highly suggest that where your Forex trading is concerned, you can


 

A Key Rule, Often Overlooked
Wed, 06 Jan 2010 12:28:00 GMT

All market speculators share the same goal which is to enjoy consistent low risk profits. To accomplish this goal, you must be able to identify market turning points as this is the only way to attain low risk and high reward entries into market (trading) positions. Whether you are a short term day trader or a longer term investor, nothing changes. Identifying key market turning points is the only way to attain the ideal risk / reward opportunity. Leading the Extended Learning Track (XLT)


 

Exclusive: The Experts' New Year Resolutions
Tue, 05 Jan 2010 11:39:58 GMT

The most famous names of FXstreet.com have shared with us their resolutions regarding their trading for 2010! Start off the year with the right foot and get inspired by the goals our contributors have for the year to come... Maybe some of them can be useful for your own trading too! 2009 is behind us. Let's go to 2010 in good spirits! Enjoy the reading! Ashraf Laidi Diversifiy away from GBP. Get more Coins. Refine the Intermarket Way. [Full Story] Ed Ponsi Trade more exotic currencies Focus


 

Phil Newton's New Year Resolutions
Tue, 05 Jan 2010 09:45:22 GMT

Continue to develop and research ideas . Follow the plan until it dies or a new plan comes along . I used to use this philosophy with my girlfriends.. now I'm married I suppose I have to take my wife's view point now... do as I'm told until new instructions are given...basically Just in case the message has not sunk in regards to trading... FOLLOW THE TRADING PLAN. -- Phil Newton is Developer of Trading Strategies at Trading Strategies.info. He is a self taught trader who has traded Futures,


 

Andrei Pehar's New Year Resolutions
Tue, 05 Jan 2010 09:39:36 GMT

Delegate more tasks so I can focus on trading with fewer interruptions or mental shifting of gears throughout the day. Automate as many company processes as possible. Spend more time analyzing the data collected in my trading journal ; quantify which mistakes are happening how often, what they cost, and therefore need the most immediate attention. Eventually automate this process as well. Spend more time outside , with my wife and with my dogs. Eat more organic foods and replace all household


 

Ashraf Laidi's New Year Resolutions
Thu, 31 Dec 2009 11:22:10 GMT

Diversifiy away from GBP. The Bank of England is set to remove quantitative easing later this year, the UK Treasury talks about spending cuts, the new VAT coming through in 2010 and the down-and-dirty British Elections are due in May. None of these developments is good for sterling and the UK economy which has yet to recover from recession. Therefore, sterling may regain its status as the whipping boy of FX in 2010. Although I still reside in London, I'll look to diversify into USD in the


 

Dr Sivaraman's New Year Resolutions
Thu, 31 Dec 2009 11:17:21 GMT

Focus more on the forecast and give more trade related  solutions Focus more on money management  techniques keeping in mind the limitations of the platform providers Try to give more improvised market readings in the blog. I Hope the above could be achieved in the New year. -- Dr S. Sivarman is CEO and Owner of i-knowindices.com. He is providing Forex market forecast through to various subscribed financial institutions, banks,and traders of different parts of the world. [More about


 

Ed Ponsi's New Year Resolutions
Thu, 31 Dec 2009 11:10:59 GMT

Trade more exotic currencies . Sometimes we miss great opportunities because we focus on just a small group of currencies. Exotics can be volatile and dangerous, but can also be more rewarding than the majors - if you know what you are doing. Focus more on interest .  2010 will be the year when many central banks start raising rates, so I'll be monitoring central banks and their expectations closely. 2010 will be a year when traders will be able to get in on the ground floor of a new set


 

Mark Whistler's New Year Resolutions
Thu, 31 Dec 2009 11:05:05 GMT

Remain Cautious of the "The Maniac" Nec Hercules Contra Duos In Chapter II (The Maniac) famous masterpiece Orthodoxy, by G.K. Chesterton (Dodd, Mead & Co., 1908), the author presents an argument, which (as a quick summary) serves to analyze the mind of a "maniac", or in other words, the "opinionated views of a madman." To keep ourselves from becoming close-minded maniacs trapped in our narrow, passionate, deterministic logic, we absolutely must take the time to dig into all details of


 

Chris Capre's New Year Resolutions
Thu, 31 Dec 2009 10:53:48 GMT

I want more of my trading in 2010 to come from Automated EA's instead of me sitting in front of the computer for hours. Money is a renewable resource and I make plenty of it.  But time is not.  I can never get time back and the 20th century is fraught with traders spending likely more time in front of the computer than necessary. With that being said, I will probably over-work my programmer this year to automate as much of my trading as can be done until we own the Hal 9000 which


 

Jerry Furst's New Year Resolutions
Thu, 31 Dec 2009 10:48:17 GMT

Resolutions or Goals – What’s the Difference? Resolutions are like promises and commitments and I do not make promises I do not intend to keep nor do I take on commitments lightly. When I commit to something it’s going to take something really strong to derail me from keeping my commitment. Psychologically once a promise is broken it is too easy to dismiss the entire effort and derail some very good efforts and intentions. So I like the term of “goals” better and so I hereby commit to three


 

Raghee Horner's New Year Resolutions
Thu, 31 Dec 2009 10:44:44 GMT

This last year was an eye-opener even after all the years I've been trading futures and forex. And while I try not to make the same mistakes, we're all human, even the "experts" have battles with internal and external psychology.  I think fat too many of us think a trend can go too far (e.g AUD/USD or the U.S. Dollar Index) and the temptation for picking tops or bottoms can be a hard one to resist. Luckily, because of my philosophy of using the 34ema Wave and letting market cycles dictate


 

Markus Heitkoetter's New Year Resolutions
Thu, 31 Dec 2009 10:39:21 GMT

Test New Trading Ideas The markets change constantly, and as day traders we see more and more market become liquid and tradable. Over the years I have accumulated a lot of trading knowledge, and I tried many trading concepts. At the time when I tried them they might not have worked, but with all these opportunities popping up I will revisit some trading ideas and thoroughly test them to see if they can be applied in today's markets. Team up with other active traders None of us is as smart as


 

James Chen's New Year Resolutions
Thu, 31 Dec 2009 10:31:26 GMT

Heed my own advice about always maintaining highly-disciplined risk management practices as well as keeping my emotions out of my trading. I've said it countless times in seminars and webinars, in my books and magazine articles, as well as one-on-one with traders around the world: If there is one key to trading success, it is the development of optimal risk management guidelines and the discipline to follow them. This is true regardless of the particular trading strategy that is used. Coupled


 

Adam Rosen's New Year Resolutions
Thu, 31 Dec 2009 10:24:09 GMT

To incorporate a completely new trading approach into my routine. My personal pick - Elliot Wave Analysis. To become a better fundamental trader , tracking the major economic releases and their correlation to the everyday price action of the forex market. To begin to follow additional forex markets more closely ; such as the Chinese Juan, Brazilian Real, and Mexican Peso. -- Adam Rosen is CEO and Co-Founder at 4xLounge. He has worked on Wall Street for nearly 10 years in a number of capacities


 

Ryan O'Keefe's New Year Resolutions
Thu, 31 Dec 2009 10:24:25 GMT

Improve my efficiency adding to a winning trade. I've never been very good at adding to a winning trade or "stacking" as some traders call it. Traditionally I've been a risk-to-reward based trader, but I see the value in starting a position small and adding to it as the market confirms your hypothesis. Maintain a consistent trading journal In 2009 my personal record keeping was horrible. I slacked off from keeping a regular trading journal, and I feel the lack of discipline crept into other


 

Valeria Bednarik's New Year Resolutions
Thu, 31 Dec 2009 10:10:01 GMT

Learn something completely new and different from my current trading techniques. Probably harmonic patterns or a deeper understanding of Gann numbers theories. That's just a personal need to be always learning something new in life, regarding anything. I believe that we are alive, as long as we keep learning. Life itself is an amazing learning adventure, and I always focused on seizing the chance of learning all i can Learn about the behavior of exotic currencies. Trading for me is


 

Derek Frey's New Year Resolutions
Thu, 31 Dec 2009 09:58:09 GMT

My resolution is to continue to improve upon my harmonic trading method.   My method has served me well this past year, but improvements are always possible. This year I am looking for ways to reduce the so called “streaking” both winning and losing within my trading. My method over time has a great history and track record but like many is prone to “clustering” of winners and losers. Which in the long run is not necessarily a bad thing. The reason I want to improve that is because for


 

Triffany Hammond's New Year Resolutions
Thu, 31 Dec 2009 09:58:25 GMT

Backtest more pending order type trading. I like that my current trading has a live-action feel, but I want to develop more tools for myself that allow me to take advantage of times when I can't be at the computer. It would also be really helpful to my students who have a daytime job to have a jumping off point for their trading as well. Grow into more effective money management. Every year I try to learn more effective ways to capitalize on my winners and have long ago abandoned the thought


 

When a Little Becomes a Lot...
Thu, 31 Dec 2009 06:27:45 GMT

Before I get into the subject of this article, I would like you to sit back and have a good think about your trading: Ask yourself what kind of trader you want to be, how you envision your daily trading activities and what you feel it will take for you to become consistently profitable in this most challenging, yet rewarding of careers... Yes, I agree this is a strange way for me to open my introduction of this article, but like I have said many times before, the majority of people attempting


 

Don't Be a Blind Donor
Thu, 31 Dec 2009 06:09:31 GMT

I have been writing articles each week to Online Trading Academy members for over two years. My goal is to slowly help the misinformed public gain an edge that levels the playing field in the trading and investing world between the novice hard working public and the "Wall Street" professional. As I have said many times, money is simply transferred from the misinformed novice who does not understand the reality of how money and markets work to those with proper "edge-building" education on the


 

Swing Trading Techniques
Tue, 22 Dec 2009 16:56:52 GMT

This article is taken from the Forex Journal (December 2009 issue). The author, Howard Friend , is Chief Market Strategist at MIG Investments SA based in Neuchatel, Switzerland. He has worked as trader and mar- ket analyst for over 20 years and has developed proprietary trading methods to time the markets. Howard Friend takes some time to compare trend traders with swing traders. He also provides insight into swing trading using Bull and Bear Trap strategies...


 

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