Forex Trading Price Movement - How and Why Markets Move and How to Profit

By Kelly Price

Forex price movement is not as simple as it may first appear and traders make several assumptions that are completely wrong base their forex trading strategies on it and lose. Let's look at how prices really move...

Let's start first of all, with two fatal errors traders make, when trying to make money in currencies and they are:

You Can Predict What Forex Prices Will Do.

Traders are obsessed with buying bottoms and selling tops. They simply see a level and jump in and hope it holds - but prediction is just hoping or guessing and you don't get rewarded for that in forex trading.

It always makes me laugh, when you see vendors selling systems, saying they can predict with 90% accuracy! It's a joke.

If you want to win, you trade the confirmation of price movement and I will return to this in a moment - but first let's look at an extension of this point.

Markets Move to Science.

You have a school of thought that says that markets move to a scientific law and the most famous are - Elliot, Gann and the disciples of Fibonacci.

Well if they or anyone else knew the law, there would be no market, as we would all know the price in advance!

The far out crowd love these theories, with their mystical connotations but the facts don't support their argument.

You can trade Breaking News

Not a good idea, as the news is actually unimportant by itself, its how it is perceived that determines the course of events which, leads me into how the markets really move.

How Prices Really Move

The equation for market movement is:

Fundamentals + Human Perception of them = Forex Market Movement

Humans are not logical they are influenced by their emotions and this is why markets are not scientific - true human nature is constant but it's not science however we do know the following:

- Humans will always push prices to far up or down and these price spikes are temporary and can be traded for profit.

- Always trade the truth never predict and sure you don't get perfect timing but the odds are in your favour and that's vital.

An Odds Game You can Win

Forex is simply an odds game sure you cant predict but you can win, not every trade of course but by trading high odds set ups, you can have more winners than losers and pile up big profits overtime.

Greed and fear drive prices and make price spikes which are easy to see on a forex chart and can be traded for profit.

Any trader needs to treat forex as an odds game, trading the reality of price change when the odds are in their favour, with strict forex money management and if you do this - you will win.

Don't Look For Perfection - Look to Win

In forex markets people having trying to predict and find some secret code of movement that simply isn't there. While forex price movement looks chaotic, you can win, by simply trading the reality of price movement.

Sure you won't achieve perfection (that's impossible) but by trading the odds, you can put a lot of dollars in your pocket and that's the whole aim of trading.

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Forex Swing Trading - The Best Method For Novice Traders to Seek Big Gains

By Kelly Price

There are three main time frames you can try and trade in. You can do day trading, forex swing trading or long term trend following but the best way for novices to get in on the action and trade quickly is swing trading - Here's why...

Let's compare the 3 advantages and disadvantages.

Day trading (Daily Ranges)

There are no advantages. Daily price movement is random so you can't win.

Forget all the mentors and gurus telling you they have systems that make money. There "making money" is always a simulated track record going backwards.

We can all be wise knowing the prices, don't try it.

Trend following (Long term Weeks +)

Now you can make huge gains doing this - but you need to be aware that:

1. You have to be very patient and novices normally like to be in on the action

2. You need tremendous discipline to hold big profits without the temptation to take it when volatility eats your open equity.

It can be very profitable but requires tremendous patience and discipline.

Forex Swing Trading (A few Days to about a Week)

I think a novice trader should try forex swing trading to start for the following reasons:

1. You get plenty of action and profits and losses come quickly

2. You are banking quickly and don't need the discipline to sit on a big trend

Basically you don't need as much patience or discipline furthermore ...

It's very easy to understand the logic of prices becoming oversold and overbought and trading into these levels.

Fear and greed, always spike prices too far in either direction (up or down) and always will.

All you are doing is trading into these levels and looking for a return to fair value.

Typically, a position will last for a few days to around a week and you can bank some nice profits. In swing trading, stops are always close behind the level you are trading into and you take your profit before the next important level.

Putting a Swing Trading System Together

It's really just support and resistance levels combined with some momentum indicators.

Any forex swing trading system should be simple but don't be deceived swing traders can make great profits.

You can learn a swing trading system in under a week and soon be seeking triple digit profits in less than an hour a day.

How to Build Your Own System

It's simple to understand, easy to do, you can be in on the action and of course, make good long term profits.

In part 2 of this article series, we will look at how to build a simple, profitable swing trading system for triple digit gains.

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Forex Education - Why Forex Trading is Not Easy and How You Can Win If Your Learn This Fact

By Kelly Price

If you read a lot of the material online you would think forex trading is a walk in the park but the facts state that 95% of traders lose their Money. To find out if you have what it takes to succeed read on.

Let me first start with story which involves a group of ordinary people who were taught to trade in 14 days and then went on to make $100 million in 4 years.

The above was an experiment conducted by trading legend Richard Dennis. He wanted to prove anyone could win at trading and that traders were made not born and he did it in spectacular fashion.

Now how did this group become so successful and do it in 14 days?

What Dennis knew was that in trading - you CANNOT give someone success, success comes from within. Further explanation will make this clearer.

Dennis knew that he had a good system and it was very simple - but if he just told the traders to follow it they would lose - Why?

Because as soon as they hit a strong of losses, they would not have the confidence to keep executing the system and if you don't have the discipline to execute a trading system, you don't have one!

He therefore made them learn all about it and didn't just ask them to follow blindly.

He showed them how it worked and why it worked, so they would confidence in it and have the discipline to trade through a losing period, until they hit a home run.

Contrast this with most of the people who start to trade forex.

They tend to want to follow others and buy systems from vendors which are mostly junk - but even the few good ones out there; they can't follow, because discipline breaks down.

Of course you need a sound logical method and to avoid all the myths perpetrated online, this is really only half the battle though, the other half is in your head - keeping emotions out and maintaining disciplined.

Many novice traders fall for the myth you can avoid losing periods or only have them now and again but any seasoned trader knows they can last for many weeks. Sure you can win, if you stay disciplined but this is hard, when the market is handing you loss, after loss and making you look a fool!

If you think discipline is easy, you haven't traded! Its hard and discipline is really what separates the winners from the losers.

So the moral of this bit of forex education is - anyone can learn to trade (Richard Dennis proved this in spectacular fashion) but its not easy and you wouldn't expect it to be, with the rewards on offer.

If however you understand the above and you are prepared to work smart, avoid the myths and get confidence in what you are doing, you will have the disciplined mindset to go and seek a great second, or even life changing income.

Forex trading is a challenge but the market doesn't defeat the trader, the trader defeats himself.

So you can be a winner at forex trading if you want to and that's great news for anyone who seeks currency trading success.

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Automated Forex Trading - Choosing the Right Automated Forex Trading Software For Consistent Gains

By Kelly Price

Automated forex trading has certain advantages in that you can simply follow trade signals that are generated and providing you can execute them with discipline and the your system is logical and robust you can pile up big gains...

Before we look at how to make profits with automated for trading software, lets look at how NOT to do it.

Many traders see forex robots online and want to buy them but most are junk and have never even be traded in real time. Go and look at the track record, then look at the disclaimer and what do you see?

Its hypothetical or simulated - well that is NOT any indication of future results and I find it amazing someone can use a meaningless test and then say they can make money with it. Of course they do make money for the vendor, they get the sale of the software and the trader gets spanked in the market.

You don't get 100k annual income, for 100 bucks. You won't make money with these simulated systems so avoid any of these products.

Now let's look at how to do automated forex trading properly and here are your options.

- Buy a System

With a track record audited over 2 years. Not cheap - but these systems can pay for themselves many times over, just make sure you understand and agree with the logic before using it.

- Get a FREE One.

Yes there are free ones that work and we have written frequently on the 4 Week Rule. Just look up our other articles it works, look it up and you will see why and its a great place to start your automated forex trading career.

- Build Your Own.

This is a lot easier than traders think and is perhaps the best way of trading - why?

Because if you build it and customize it, you will have confidence in it. This means you will be able to trade it with discipline, through periods of losses and remember, if you don't have the discipline to follow your system, you don't have one!

If you want to build your own we have covered this in our other articles but in essence, the best way to do it is to trade breakouts, to new highs or lows, have a few momentum indicators, to time your moves and focus on long term trends.

The simpler it is the better, as it will be more robust in the face of brutal, ever changing market conditions - pack it with too many indicators and it will break.

Once you have the system, get a standard forex software package and program the rules and you're all set.

A word of caution - Any forex trading system (and this includes the best ones) will suffer losses and they can last for weeks on end.

You need to trade through them until you hit a home run and that's why discipline and money management are so important.

If your system does between 50 - 100% compounded annually, you are up there with the best automated forex trading software and you will have a time efficient way, to trade the markets and enjoy currency trading success.

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Learn to Trade Forex Without Indicators - The Way the Pros Do It

By Jon Ferraro

If you are a newbie, and you are looking for that one way to learn to trade forex, here it is: Get rid of your indicators. You are probably thinking, yeah, right what does trading without indicators going to accomplish? How could I possibly learn to trade forex this way? There is nothing to help me trade? That's exactly right!!

Think of it this way: If almost everybody you know and the 95% of the trading public that can't make consistent money trading forex, why would you want to do the same thing they are? Everywhere you look all you see are people selling all these do everything indicators that tell you when to buy, when to sell, when to move your stop losses, when to go to the bathroom, what to cook for dinner, etc.....If things were this easy why are so many people failing to make money. After all, the indicator is doing all the work for you, so what's the problem? The problem is you will never learn how to trade forex this way.

To truly learn to trade forex requires studying and understanding price action. That first begins with you getting rid of those indicators that you so dearly love. That means no stochastics, no MACD, no Moving Averages, no shortcuts. I know this may sound scary, but it really isn't. The first thing you'll notice is that all the information you ever needed is right there in black and white. Once you trade naked (no indicators), you never go back. That's it! That's the secret of learning to trade forex.

Make sure to check out my squidoo lens to learn about trading without indicators.

Forex Autopilot Review - Can it Possibly Live Up to the Hype?

By Jon Ferraro

If there is one thing that you want to get from a Forex Autopilot review, its this: Does it actually live up the hype? Well, it doesn't. HOWEVER, that's not necessarily a bad thing.

When people see the gaudy numbers that are on the sales page. It's hard not to be impressed. You can just picture yourself making millions of dollars every year while you're laying out on the beach and a computer is doing all the work for you. Ok.... let's come back down to earth, now. I'm not saying this could never happen, but I am saying it won't happen after a week of using the Forex Autopilot system.

Let's get past the sales page as well as the historical pips record they claim to have made, and get to the nitty gritty. How has it worked when a real person bought the EA. No back tests, no forward tests, no ifs ands or buts. How does it work in the real world? Actually, pretty well. If you have your heart set on becoming the next Donald Trump by using this, you will be disappointed. But if your main interest is to have an EA that can generate consistent, long term profits, then it's hard to find many better than the Forex Autopilot System.

No Forex Autopilot review would be complete without discussing the fact that the system does have to be tweaked (stop losses, take profits) a little bit according to your risk tolerance. The people that have reported the most success were the ones that took the time to demo the system and make the proper adjustments that were necessary before going live. I strongly suggest you do the same.

To check out my complete unbiased forex autopilot review, make sure to check out LearnForexDirectory.com.

Review of the Best Forex Trading Software Packages

By Jon Arnold

You need Forex software, plain and simple.

When you look at the fortunes being made on almost a daily basis in the Forex market, you may be thinking that you want to be a part of that. Sure, who wouldn't? But what you are not seeing is that although the Forex market is one of the largest in the world, where even major banks have complete departments set up to do Forex trading on a regular basis, you need to understand the Forex market.

If you are just beginning, you need to know that there is a tremendous volume of data that needs to be analyzed so that you can make informed and intelligent trade decisions. You also need to be completely on top of things, since the Forex market moves very quickly, and you need to ready to buy or sell when the timing is right.

There are several Forex software systems available out there which allow you various levels of control over each trade. These levels of control range from almost completely automated to somewhat automated to providing analysis only. What are your preferences and how well do you understand the Forex market and all the many factors that affect a currency's value in various different countries simultaneously? While you don't know to have all that knowledge at your fingertips at a moment's notice, you need to seriously evaluate where your knowledge level is, since that will tell you the type of Forex software that can best assist you with your Forex trading.

If you choose a completely automated Forex software package, this is available and can be done. But a word of caution with this. You will need to have a tremendous amount of faith in the software, since it will be making buy and sell decisions with no or minimal inputs from you. Do you feel good enough about a computer software package that could lose you a mint before you could even press the off button? True, such software needs to be very good in order to run with almost no inputs from you, but then again, if it was that good, I have to wonder why anyone of legal Forex trading age would not have their own copy of it and amassing their own wealth on a daily basis.

The Forex software packages in the middle ground provide some automation but take a far less risky approach. They can still run in automated fashion, but you have complete control over each transaction. You specify how much you want to trade, at what point you should execute your stop-loss order, how much profit you want to make figure, and various other parameters. While this could be good, it is still automation and does not maximize how much you could be making. For example, if you say that you want to make $10,000 on a particular trade, the program will execute a sell order when your profits have reached that goal. But there could be conditions in the Forex market where that particular trade would still have been profitable for you, easily reaching the $30,000 profit level, and how because of that automation, you may miss that opportunity.

Still other Forex software packages do the analysis and number crunching of all the data and then present you with the analysis and summary, perhaps also including what the software may consider to be Forex trading signals. Based on your knowledge of the Forex market and what is going on in those countries, you make the decision about buy or sell, and how much quantity. This allows you to maximize your profits and minimize your losses, but it also requires you to have a very good knowledge of the Forex market.

Whichever way you decide to go with your Forex software, choose the one that is best for the way you operate. Using the latest technology to assist you with the in-depth analysis of all data pertinent data is critical to maximizing your success and the right Forex software package can definitely help in that regard.

For more insights and additional information about Forex Software Review as well as reading a review of three of the leading Forex software packages available, please visit our web site at http://www.forexcurrencysystems.com/review_forex_software.php

What is Mini Forex Trading

By John F Smith

Big time traders did not start with huge accounts. Most of them started with small capital but because of their strong commitment with this business, they made it big today. If you want to be one of them, then you must be open for gradual training towards success. Like those big time traders today, you may need to start with the mini forex trading.

A successful trader will surely tell you that the key to trading success is discipline. You may even hear from him the common quote "cut your losses and let your profits run". Nonetheless, only few traders are actually practicing this. Apparently, you can make a difference. Most traders will hold on to losses since they will expect that these will reverse eventually, but the truth is that the loss get progressively larger. Such bad trading decisions are based on emotional reactions to fluctuating profits and losses.

There is nothing wrong if traders focus on developing a disciplined trading strategy, through deciding on pip movement and market conditions. The use of a mini account gives you more staying power in the market while taking advantage of multiple opportunities without over-leveraging your account. This indeed is one good strategy to adopt.

Once you over-leverage your account, you will possible avoid error. Though you are correct on the direction of the market, minor fluctuations can create a margin call and liquidate a favorable position.

There are lots of mini forex trading services on the net today. However, you must make an intelligent selection of the service that you want to get. Look for the ones that will let you receive user-friendly software and rapid execution out of live streaming prices.

When performing forex analysis nothing works better than proven successful forex trading software. Forex trading software can give you the insight other areas of research cannot, easily and quickly. Check out our recommended picks for the best forex trading software available on the web at forexrevealed.net.

Mining Forex Historical Data

By John F Smith

Data is basically the tool of an investor when doing foreign exchange or forex trading. It is the ultimate information where everything else is formed. Even those past details are being studied as most of these are just recurring, happening in a close cycle that traders just have to interpret properly through fresh researches so they can follow. This is why forex historical data is being kept and held secured for guidance in plotting forex charts and account forms. At most, it is used as another tool for doing so.

Forex historical data is a compilation of past details and information. It is a listing where the ups and downs of paired currencies are logged for future references. Varying factors, providing causes and effects scenarios that will predict a rise or fall performance on the currency status intensifies these logs. With this information, a diligent trader will be able to assess and recognize signal patterns for his/her own signal plotting. With this data plus other tools provided by online forex companies, a trader will be able to follow closely the foregoing in the business.

Out of the uses of a simple forex data, an investor can earn big enough to rest for few days. But it is not that way in this trade. Everyone hangs on the line, making as much as the trade offers so it is very necessary to keep all historical data available. Doing so will ensure that a trader will be able to follow the happenings and even predict when it will be best to buy or sell.

When performing forex analysis nothing works better than proven successful forex trading software. Forex trading software can give you the insight other areas of research cannot, easily and quickly. Check out our recommended picks for the best forex trading software available on the web at http://www.forexrevealed.net

Learn How to Easily Trade Forex

By John F Smith

Basic knowledge in foreign exchange trading or simply forex can take you to greater heights in the industry as well as to financial stability. That is why more and more investors in small or large scales are trying to embark on this lucrative trade. All it takes is to learn to trade the forex and the profit starts pouring in. But traders and investors are still encouraged to improve knowledge and skills to even better the chances of acquiring better profits and earnings.

The easiest part in trading the forex market is the learning stage. You learn to trade the forex and you start cutting out deals. But cutting deals is the most difficult and risky part because it is in that portion where the winning or losing of stocks or investment is at stake. If you make a good decision in buying or selling, you earn big time. But if you make an error in recognizing buying or selling signals, you lose a lot. Additional knowledge and skills is therefore crucial. Adding more tools to enhance your account is also very crucial.

Having just enough requirements to get moving in the most lucrative trading business is good but if you can even better that, the business is best for you. You see, forex trading is not just a single strike business in which you vacate after winning. It is a sustainable industry where you can consistently earn for the rest of your life if you make the right decisions. The key is improvisation.

Although training and education in Forex can be a great help it can also be extremely expensive. We have reviewed software that not only offers you a platform on which to trade but also one on one consulting and training from forex experts. Check out our forex trading software reviews to see some of the best trading software and training packages available online.