Thursday, May 10, 2007
Forex Trading Strategy
As part of our forex training, we teach our customers a step-by-step strategy to trade currencies. We believe that this is the most essential part of our coaching sessions because it gives traders a specific system to follow, which in turn builds discipline.
Too many investors and traders nowadays approach foreign exchange trading from a purely speculative point of view, lured by the attractiveness of huge leverage and other benefits inherent to the forex market. This leads to many new traders chasing currency prices up and down without a specific strategy or system - similar to Las Vegas style gambling. It is very difficult to succeed in day trading without a set plan of action. There are countless of technical analysis books out there that explain thousands of different indicators and signals that can be used to trade, but this is not enough. A trading strategy must include how to specifically use the charting data available to buy and sell Euros, Yens, Dollars, etc.; in other words - it must put everything together. The forex strategy that is part of our free training sessions does precisely that.
The strategies we teach in our live training sessions are very involved and thoroughly explained by our instructors. We also offer a strategy for mini forex account customers in e-book format that is very easy to apply (go to the forex mini section for more information).
Why are you giving a free strategy away?
It is really quite simple. We want to make sure our clients are prepared for the market. With training, we aim to achieve that. Many are being lured into trading the forex market by being bombarded with all the great benefits that foreign exchange offers. All of these benefits are true, but a trader also needs to work on the practical side of trading. A trader needs a strategy that lets him know when to take action. That is what our system tries to do.
Some of the questions answered by our trading system are:
* When should I get into a trade? We provide specific rules that must be met before going long (buying) or short (selling) a given currency pair and providing high probability trades. This includes the number of currency lots or units that will be bought or sold.
* After I am in a trade, when should I get out? Many traders get into a trade without knowing where to get out. This is a big mistake. The trading strategy we teach includes where to place stop losses (or stop orders) to limit the amount that can be lost on any given trade. This is important for any market, not just forex.
* I am making money. Should I get out now? Some traders get out too early from a winning trade because they do not follow a given system. Without a specific strategy to follow, a trader is likely to succumb to his emotions and get out of a trade because of nervousness. To prevent this from happening, the system we teach in our free training helps a trader determine exactly where to realize profits - whether to let his profit run or take a small 10 pip gain and move on to the next trade.
* Am I going to understand this strategy well enough to apply it? Often times currency traders spend so much time trying to understand a system that is so mathematically complex, that they never get to apply it. At Forex Day Trading we teach our customers a system that we feel is easy to learn. Our goal is for the trader to learn how to put the trading system in practice.
Click here for more information on our free training.
To learn our forex strategy you must qualify for our free training.
If you qualify, fill out the training registration form by clicking here.
As part of our forex training, we teach our customers a step-by-step strategy to trade currencies. We believe that this is the most essential part of our coaching sessions because it gives traders a specific system to follow, which in turn builds discipline.
Too many investors and traders nowadays approach foreign exchange trading from a purely speculative point of view, lured by the attractiveness of huge leverage and other benefits inherent to the forex market. This leads to many new traders chasing currency prices up and down without a specific strategy or system - similar to Las Vegas style gambling. It is very difficult to succeed in day trading without a set plan of action. There are countless of technical analysis books out there that explain thousands of different indicators and signals that can be used to trade, but this is not enough. A trading strategy must include how to specifically use the charting data available to buy and sell Euros, Yens, Dollars, etc.; in other words - it must put everything together. The forex strategy that is part of our free training sessions does precisely that.
The strategies we teach in our live training sessions are very involved and thoroughly explained by our instructors. We also offer a strategy for mini forex account customers in e-book format that is very easy to apply (go to the forex mini section for more information).
Why are you giving a free strategy away?
It is really quite simple. We want to make sure our clients are prepared for the market. With training, we aim to achieve that. Many are being lured into trading the forex market by being bombarded with all the great benefits that foreign exchange offers. All of these benefits are true, but a trader also needs to work on the practical side of trading. A trader needs a strategy that lets him know when to take action. That is what our system tries to do.
Some of the questions answered by our trading system are:
* When should I get into a trade? We provide specific rules that must be met before going long (buying) or short (selling) a given currency pair and providing high probability trades. This includes the number of currency lots or units that will be bought or sold.
* After I am in a trade, when should I get out? Many traders get into a trade without knowing where to get out. This is a big mistake. The trading strategy we teach includes where to place stop losses (or stop orders) to limit the amount that can be lost on any given trade. This is important for any market, not just forex.
* I am making money. Should I get out now? Some traders get out too early from a winning trade because they do not follow a given system. Without a specific strategy to follow, a trader is likely to succumb to his emotions and get out of a trade because of nervousness. To prevent this from happening, the system we teach in our free training helps a trader determine exactly where to realize profits - whether to let his profit run or take a small 10 pip gain and move on to the next trade.
* Am I going to understand this strategy well enough to apply it? Often times currency traders spend so much time trying to understand a system that is so mathematically complex, that they never get to apply it. At Forex Day Trading we teach our customers a system that we feel is easy to learn. Our goal is for the trader to learn how to put the trading system in practice.
Click here for more information on our free training.
To learn our forex strategy you must qualify for our free training.
If you qualify, fill out the training registration form by clicking here.
ForexStrategy Team provides live forex signals directly to e-mail, Yahoo messenger, mobile and ICQ. Click here to see more examples of our trading signals.
ForexStrategy Team trade forex online in real time and provides real time service to all subscribers. We trade forex online together with top dealers from New York, Tokyo, London and Frankfurt. ForexStrategy Team trades on the forex market since 1998.
The main team strategy is to send to all clients first and real time signals entry and exit positions (Buy and Sell levels) for the four main trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF.
Free Daily Forecasts and Analysis - Daily updated
Thursday May 10th 1:39 AM ET
EUR/USD (1.3536)
Trading range: 1.3500 – 1.3585
Trend: Neutral
As the expectations the Federal Reserve kept the interest rates unchanged. But the most important were the signals for the Fed further action. The inflation which is one of the most important factor cause Fed actions would fail to moderate. That will cause Fed to cut the interest rates during 2007 as some rumors predict two-rate cutting for this year. But the dollar raised against the euro after speculations about the bit more caution on the economic outlook. For today the most important events are ECB interest rates decision, BoE interest rates decision US Trade Balance, Initial Claims and others. It is expecting dynamic trading day. If the dollar break below 1.35 after the ECB interest rates decision it will signal for continue of the dollar recovery, otherwise the dollar will lose the recent gains.
USD/JPY (120.08)
Trading range: 119.50 – 120.55
Trend: Neutral
Also for the dollar/yen trading the most important event today is situation with the Fed and ECB interest rates politic. The yen but remain under pressure trading at the levels close to 120. The US Trade Balance is also important event. The yen will recovery against the dollar at the levels below 120 but at the end of day trading will back at the levels above 120 again.
ForexStrategy Team trade forex online in real time and provides real time service to all subscribers. We trade forex online together with top dealers from New York, Tokyo, London and Frankfurt. ForexStrategy Team trades on the forex market since 1998.
The main team strategy is to send to all clients first and real time signals entry and exit positions (Buy and Sell levels) for the four main trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF.
Free Daily Forecasts and Analysis - Daily updated
Thursday May 10th 1:39 AM ET
EUR/USD (1.3536)
Trading range: 1.3500 – 1.3585
Trend: Neutral
As the expectations the Federal Reserve kept the interest rates unchanged. But the most important were the signals for the Fed further action. The inflation which is one of the most important factor cause Fed actions would fail to moderate. That will cause Fed to cut the interest rates during 2007 as some rumors predict two-rate cutting for this year. But the dollar raised against the euro after speculations about the bit more caution on the economic outlook. For today the most important events are ECB interest rates decision, BoE interest rates decision US Trade Balance, Initial Claims and others. It is expecting dynamic trading day. If the dollar break below 1.35 after the ECB interest rates decision it will signal for continue of the dollar recovery, otherwise the dollar will lose the recent gains.
USD/JPY (120.08)
Trading range: 119.50 – 120.55
Trend: Neutral
Also for the dollar/yen trading the most important event today is situation with the Fed and ECB interest rates politic. The yen but remain under pressure trading at the levels close to 120. The US Trade Balance is also important event. The yen will recovery against the dollar at the levels below 120 but at the end of day trading will back at the levels above 120 again.
This report analyzes the Bank's contribution to freer trade in developing countries and makes concrete recommendations on how to boost trade opportunities to better alleviate poverty in the future.
Between 1987 and 2004, 8.1 percent of total Bank commitments (US$ 38 billion) went to 117 countries to help them become better integrated into the global economy.
The study finds the World Bank support for trade helped open markets, but was not as effective in boosting exports and growth, and alleviating poverty as anticipated.
The evaluation recommends that the World Bank give greater attention to addressing poverty and distributional outcomes, and cushioning shocks associated with trade policies.
Between 1987 and 2004, 8.1 percent of total Bank commitments (US$ 38 billion) went to 117 countries to help them become better integrated into the global economy.
The study finds the World Bank support for trade helped open markets, but was not as effective in boosting exports and growth, and alleviating poverty as anticipated.
The evaluation recommends that the World Bank give greater attention to addressing poverty and distributional outcomes, and cushioning shocks associated with trade policies.
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