Wave59 Review - A Very Unique Piece of Software

By Jon Ferraro

The Wave59 trading software doesn't garner the same attention as some of the big boys get, but it is certainly one of the most unique charting platforms that is in the marketplace. We're all so used to hearing about the same old indicators that every one had used a million times over and over again. Indicators such as Stochastics and Moving Averages isn't exactly what I'd call revolutionary.

But Wave59 has a wide range of tools that can't be found anywhere else. For instance, they use astrology indicators, like an ephemeris and many others. Now, no matter what your opinion is on the subject, there is definitely and interesting correlation between the history of price action & movement with the astrological signs.

They may be the most famous for coming up with the Fibonnacci Vortex. It's this incredible pattern that let's you pick with great accuracy the of high and low swing points to the pip, many times. The only trouble is that it is not exactly mechanical by nature. It does leave a lot of room for interpretation.

You can also design your trading system, just like you could with Metatrader, but a big difference is that with Wave59, you could use neural nets to devise your indicators.

While many people feel that the software is very impressive, there are still quite a few people that have a hard time putting it all together to have success trading forex. This is probably mostly due to uniqueness of the tools, which people are just not used to.

To see my complete unbiased wave59 review, make sure to check out LearnForexDirectory.com.

Use Price Action - It's the Best Forex Education You Can Get

By Jon Ferraro

People that are looking for a forex education are always looking in the wrong areas. They don't really want an education. They just want something that will make them rich without having to spend anytime learning about how to properly trade. I don't blame them of course. We all want to be rich without actually doing the work. But just as in life, forex is no different. If you want the success, you are going to have to put the hours in. It's as simple as that.

A Forex education means just that, an education. How can anybody call getting signals telling you where to trade or having some magical indicator telling you exactly when to open a trade and when to close it, and education? I could see the attraction, but more often than not, these kind of methods only lead to failure. Think about it, you are basically just a robot. If it were this simple, how come we don't hear more about forex traders who became millionaires on the news? Because it isn't that easy.

You need to take a look back to see how the successful traders mastered the market. And that usually comes in two words: PRICE ACTION. Price action is real. There is no misinterpretation. There is no fancy colors or lines that may look pretty on your chart, but don't amount to a hill of beans in practical terms. This is what some of the most famous traders understand about the markets. They realize no indicator can top the human mind.

Click Here to learn more about trading with price action.

Trading Without Indicators - Do What the Purists Do!

By Jon Ferraro

You ever wonder why there aren't more people trading without indicators? It seems like as we've progressed in the trading world, we definitely got a big boost in technology. We've got thousands of indicators in our charting platform. The majority of them, we don't even know what they do. It's like we use these incredibly expensive charting platforms as bragging rights. So we can say to our friends "Hey Bob, you know I use TradeStation, right?"

How did it get to this point? That we have to spend hundreds if not thousands of dollars a month, on data feeds, subscriptions, newsletters. magical indicators, etc.. What happened to just looking at a simple bar or candlestick chart? Is that just too prehistoric?

Well, let me tell you, if you look back at the history of trading and investing, you can see the ones that kept it the most simple were the ones that had the most success to show for it. It's not a question of "when these 2 moving averages cross each other, I'll buy". It's a question of what is the price doing? What is it that its doing that tells ME (Not an indicator) it's going to move in a certain way?.

Traders used to be able to do this on the market floor. How do those indicators look now, when there are people who could just listen to the movement of the price and trade successfully. If it can be done without any visual aids, it doesn't seem that difficult to accomplish by bar chart.

Click Here to see what I used to learn how to trade without indicators.

Trading Forex Using Price Action - Relax, It's Not That Hard!

By Jon Ferraro

For whatever the reason, most forex traders think that trading forex using price action, has to be some kind of urban legend. They hear about it a lot but, they don't understand how it can be done. After all, they are so used to people on forex forums talking about putting 10 moving averages on their charts and thinking that is all that is needed.

People just expect indicators to tell them when to go in and when to get out. It seems easier that way. We don't have to do any of the thinking because that's what the indicators are doing. Seriously, folks, how many successful traders you know do this? If there is one thing that separates the novices from the expert traders, is that experts know what they are looking at. It doesn't have to be interpreted by some colorful indicator. The expert can tell you the reason why a price will go up or down.

This is all done through price action. When it comes to price action, the basic principle behind it, is to keep it simple. Everything you need to know about where the price is headed, what are the REAL support and resistance lines, when will a breakout occur, or how long will a price stay in a ranging zone can all be answered with price action. So start today. Take off every single indicator you are using for your charts and try to see the market in a brand new light. You'll know you are getting the hang of this when you could actually understand why a price is moving a certain way.

Click Here to learn how I began trading forex using price action.

Forex Raptor Review - What the Sales Page Doesn't Tell You

By Jon Ferraro

How could you not absolutely love the sales page for the Forex Raptor System? It sounds not only amazing, it sounds life changing, doesn't it? The pips that this forex trading robot claims to make is quite astounding. It makers a claim that the system has made $11,973 a month. This leaves a lot of room for doubt.

In this particular case, you have the right idea to have some doubts. That isn't to say there aren't many solid trading robots in the marketplace, but Forex Raptor is definitely not one of them.

Let's start off with how glitchy the whole software is. Many people report that it took them hours to get it setup, and that's with the manual that comes with it. There are also some people who were never able to get it to work. They had to get a refund, even though they never even got a chance to use it.

Forex Raptor also needs a lot of help in their customer service area. Many buyers reported that it took the customer service department more than 2 weeks to reply to an email. This is just not the proper way to run a business. Especially, one which clearly has a lot of technical problems it needs to take care of.

But let's talk about the forex raptor system. How does that work? Well, if you are lucky to be able to get it working, it's still pretty inconsistent. Some people say they have made money with it. But they are definitely in the minority.

Make sure to check out my complete unbiased forex raptor review at LearnForexDirectory.com

Forex Killer Review - Is There Money to Be Made?

By Jon Ferraro

Is there money to be made from the Forex Killer Trading system? That has to be the number one question people ask when they are researching this. or any other trading system, for that matter. It's getting harder and harder these days to tell what is a good quality product and what is the usual garbage you see people selling online.

As far as forex killer is concerned, if you are looking for some magical 1000 pips a day forex trading system, I will tell you right now, you are going to be disappointed. Frankly, you are going to be disappointed with any system for that matter because there is nothing available that will do that, especially on a consistent basis.

But if you are looking for a system that wins more than it loses and can get you those steady monthly pips that so many forex traders can't seem to get, then Forex Killer is not a bad option.

A good majority of the people that have purchased the system are happy with it. They are building their forex account nice and gradually.

There is one caveat to the Forex Killer System, though. And that is, that it shouldn't be taken straight out of the box and trade live. You have to demo it (of course) before you are ready to trade with real money. You have to see the system in action first, because there is some tweaking that has to be done to it, to give you the best odds of getting winning trades.

To see my complete forex killer review make sure to check out LearnForexDirectory.com

Why Forex Traders Are Looking For the Holy Grail in Trading?

By Jim Buhs

Wouldn't the wonderful world of trading just be so much simpler if somebody could create a holy grail indicator which tell you exactly when to enter the market and when to close? Life would be simpler wouldn't it? There would be no stress and all the hard work is done for you. Well, traders have been trying to accomplish this since the beginning of the markets. There have been countless indicators that have been created to try to accomplish this feat. None have been 100% successful.

So why is it that people keep trying to create these holy grail systems? It seems like more than ever all you see are these "black box systems" that are supposed to do all the trading decisions for you. A lot of it has to do with many trader's laziness. But the ironic thing is, if they spent as much time trying to find the holy grail as they would just trying to learn and understand the market, they would already be successful.

The major problem with these "holy grail" trading indicators are that they are using historical and lagging studies. These studies tell a trader what has already taken place. So in essence, traders are over crowding their minds and charts with all these indicator which neglect the basic market price movements that every trader should be aware of. These "after the fact" indicators cannot provide the same intuitiveness of the market as trading based on price action.

Technical indicators take too much of the "feel" away from traders. The moment traders realize this, the moment we'll start to hear less about the holy grail and "black box" trading indicators.

To finally learn how to trade price action without indicators, make sure to check out LearnForexDirectory.com to see all of my forex reviews.

A Program on Forex Trading I Highly Recommend

By Jason R. Lewis

I am going to bet an arm and a leg that you are reading this article because you are looking for more information on forex trading and the best ways to earn from it. I am also going to assume that this isn't the first article you've read about forex. I'm sure you've done your due diligence through your own google search. So by now you already know that:

- Forex trading involves buying and selling different currencies to make a profit;

- Forex trading is the worlds largest and the most liquid financial market - if you know how, when, and what to trade;

- Forex trading operates 24 hours a day (except weekends) at different locations around the globe.

It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight. Forex trading hours starts Sunday afternoon NY time & concludes at Friday evening when NYSE closes its trading schedule. But it is impossible for any person to be awake for all instances of trades! Hence, trading systems that run on autopilot mode were developed to work 24x7.

One very good program on forex trading on the market today is the Forex Tracer. Forex Tracer is the latest automated trading robot released to the market & it specifically trades EUR/USD currency pair during the live market hours without the aid of human intervention & provides you with an opportunity to earn thousands of dollars every month .

So if you're lazy like me and would much rather pay someone to do something for you or find something to do it automatically this is the type of system you should be looking into. You don't have to sit in front of your PC monitoring the currency fluctuations since this system can work totally on its own. You can even go to office or school or involve yourself in day to day activities instead of sitting in front of your PC.

On an actual test run of Forex Tracer, I made a trade that was guaranteed to be a loss. The program did not exit yet, which was good so I could see how it will handle these kinds of situations. To my surprise, the next day my bad trade recovered and also managed to close with a profit of $180! I made a bad trade, walked away, and the next day am at a profit! A couple of days later, after the USA job report was released, I made $1,380! Now that's a good program on forex trading for you!

One great thing for newbie traders is that you can start with a "demo account". You can trade and practice all you want without having to shell out any actual money. This system has been devised irrespective of the trading knowledge of the user. Whether you are a complete novice or an intermediate trader or even an expert trader, this program on forex trading is surely to work in your favor. Your only obligation is to use this software, connect it with Metatrader4 account & enable the expert advisors there & allow it to trade on the live market data.

Finally, this product has a total money back guarantee , so if you are not satisfied with the purchase, you can request for a refund of your total money within 60 days of purchase. You can test the market before investing any money. Worst case scenario if within 59 days you don't like what you see, you get your money back. Best case scenario, you make $1000's of dollars doing little to no work. Absolutely no risk.

I'm an automotive enthusiast; my passion is all about cars and auto accessories. And to help finance this hobby, I do extremely well in forex trading and own several online businesses. You know, with the right set of tools and information, you can earn huge amounts of profit in forex trading. If you want to read more about it, go to: http://reviewsummaries.com/category/forex-trading/

Forex Candlesticks - How Useful Are They?

By James Woolley

The Japanese invented candlestick charts a few hundred years ago and they have been used extensively by traders ever since. They are basically like bar charts except they provide a lot more information. So how useful are they when used to trade the forex markets?

Well first of all I would say that it's generally not a great idea to make trading decisions based solely on candlestick charts. Ideally you should also use other technical indicators as well in order to find high probability trading set-ups, before looking for additional confirmation from the candlestick charts. Some people do trade and make consistent profits by just trading forex candlesticks but they are definitely in the minority.

Before I discuss how you can interpret candlesticks let me first of all discuss what a candlestick actually is. In simple terms a candlestick is simply a visual display of how the price has moved during a particular time frame. It consists of a body which signifies the open and close price and two wicks which indicate the high and low point during that particular period. If it's a green candle, the closing price was higher than the open price and if it's red then the price moved down with the closing price ending up lower than the opening price.

This may sound fairly basic and you may well wonder how you can trade these candlesticks but there are a number of different patterns you need to learn because they can offer strong buy or sell signals.

For example, if you get several consecutive candles that all have very small bodies followed by a candle with a large body then you know that there is a strong chance of a breakout occurring either up or down depending on the colour of the bar.

Another strong candlestick pattern is the hanging man and hammer patterns. These are both strong indicators that a reversal is due to take place. They both look the same with a small body and a long hanging downside shadow. The only difference is that the hanging man is used to signify a reversal of an upwards trend and a hammer is found at the bottom of a downwards trend and indicates an upwards reversal. Used in conjunction with other indicators these are very strong signals that a reversal is imminent.

These are just a few patterns but there are many other candlestick patterns you should learn because you can gain some invaluable information from them, particularly when combined with other forms of technical analysis.

James Woolley runs a website which provides details about Forex Candlesticks Made Easy and other top selling forex products.

Tips For the Forex Trading Market

By Gottlieb Wendehals

One of the best ways of making money is the forex system. Forex, or foreign exchange, is the trading of currencies between countries to try to make a profit. There are several forex tip trading that a person can study up on before he or she starts exchanging money. Perhaps the most important of these tips is to practice, practice, and practice some more, especially if a forex demo account is used. Another forex tip trading is to follow a currency trend as well as looking at the larger picture. It is vital that a person keeps his or her cool while trading because not all trades will go the way he or she wants it to. Following these tips is the first step in making a lot of profit via the forex system.

The most important forex tip trading that a person must practice often. Getting a forex demo account is the best way to start practicing. These accounts allow a person to trade money without actually using real money. By getting a couple of years of practice using a demo account, people can go into the forex market and start making a lot of money. Practice makes perfect and this is definitely true in the forex market.

Following the currency trend is another important forex tip trading, especially if a particular trend is very profitable. A person should not just look at a short time span for trends but also at a longer time span. By noticing a specific trend going up and down, a person can pinpoint exactly what to sell and when. By doing this, he or she can maximize his or her profit without losing much, if any, money.

Perhaps the most important forex tip trading is on keeping cool, even when trades are not going well. If a person loses his or her temper because of a single bad trade, then he or she will not be able to think clearly. Thinking clearly means better management of trading, whereas a clogged mind will prevent a person from doing as well in the forex market. Trading calmly is the best way to trade.

Trading in the world forex market is a very risky thing to do, but the rewards are great. In order for a person to be successful, he or she must practice for a couple of years to build up experience and confidence. Following the trend of currency exchanges as well as looking at a larger time span will also help. Keeping a calm mind while trading is perhaps the most important forex tip trading of all, as it helps a person not lose money via emotional overreaction.

Gottlieb Wendehals owns and operates http://www.forex-futures-investing.com Forex