The Forexkid - Your forex ebooks provider

Bulkowski’s Pattern Gateway

2011-10-05T10:46:00.001+04:00

Bulkowski’s Pattern Gateway:

A very good online resource for those who are studying chart patterns to become a better trader. Arming yourself with chart pattern knowledge is never something superfluous as it will always be helping you in making your trade decisions. Chart patterns are one of these few things which have proven themselves to be true and have been working out consistently once the patterns have been identified. Mastering chart patterns should be in your priority list of to-do things. Mr Bulowski is an expert in this field and if you follow the link and land on his website, you will see that there is a wealth of information waiting for your regarding chart pattern knowledge. Most of the chart patterns are listed there alphabetically and each of them has been detailed very well together with screenshots showing the real formation of these patterns on historical stock charts.

Over trading?? The market will not run away

2011-10-05T00:13:00.000+04:00

One of the many pitfalls within which the new and wannabe traders fall into is the feeling that they need to be present and actively participating in the market moves all the time, as if the market will be running away and the moves that they will miss, would not present themselves again. This feeling being experienced by inexperienced traders will tend to make him stick to his monitor or terminal and eye the market as it develops tick by tick waiting for the next move to jump in. This in itself is not much bad as it forms part of the experience gathering process through which traders have to go through in order to become well acquainted with the market and how it unfolds. The problem comes when the trader think he should be participating in the market all the time and be present in the moves... Upon closing a long order, he will go short and the opposite also is true. By doing so, he will tend to over-trade his account and this will eventually produce a negative result on his progress and performance because overtrading kills both the account and the confidence of the trader as it stresses him to an extent and this stress eventually lead him to make more mistakes in his analysis, likewise, he also makes more and more bad trades ... of course, this will produce very bad performance... Overtrading is not the right way to go.. If you are doing it, you should start finding solutions of how to manage it, i am writing 'solution' because over trading is a problem which neither benefit the trader, nor his account.. the only one who benefit from this are the brokers because they win money regardless whether you win or lose your trades.

Alpha Trader 3.0

2011-05-18T23:06:00.002+04:00

Recently I have found a nice little trading system which have been devised and shared freely to all the world by a guy with a great heart. I investigated a little into this trading method and personally I think it can turn out into a very profitable trading system if we stick to some strict trading rules and observe a sound and safe money management system.

The system can be downloaded freely from this link and you can also refer to the author's blog which can be found here where some thought provoking stuff might be waiting for you along with some nice screen caps which can give you the initial push towards this profitable free trading method. Good luck with the pips...

Time to sell NzdChf

2011-05-12T20:39:00.000+04:00

Seems the time is right to sell the nzdchf pair. On the H4[240min] chart, we can see a stall on a main resistance trendline even though price have been able to push itself through it a little, it will still be difficult for the pair to continue this up move and the reversal sign has already shown up through the MACD divergence which has appeared. It is just time for me to go short here. I just hope that everything will go fine as I see it.

Abonacci Trading System - Completely Free

2010-12-02T12:15:00.003+04:00

This trading system which is based on fibonacci is definitely worth talking about as it has proven to be very promising. The name given by the author is abonacci which is supposed to mean Future Fibonacci. This method is purely based on price action without the use of ANY indicators except the price levels and/or fibonacci levels. As we have previously said, fibonacci is a leading indicator and so is the abonacci system which does not focus on the past but predict the future moves. Many are simply baffled by the accuracy of this system although it mind seem a little hard to learn and the learning curve is a little steep. However, all the trading education guides pertaining to this system has been systematically arranged to provide you with the most of the needed information so that you can start trading forex with success. I would advise to take the time needed and invest thoroughly into the mastery of this trading system which has remained free non-commercial so far. All thanks goes to the author of the method.

Download Gannalyst 5.0 PRO for free!

2010-11-30T15:17:00.003+04:00

Gannalyst is a great charting tool for the newbies and the experts alike. Gannalyst 5.0 Pro has replaced the earlier versions of the software and therefore the older versions are obselete. Gannalyst Pro 5 has all the tools one would ever need if he is pursuing the path of the great W.D.Gann. Most of the tools and indicators present in the Gannalyst Pro 5 are geared towards the approach W.D.Gann used to study and analyse the market and this include the different squares such as the square of nine, square of 144, Gann angles, equal timeframes etc. Have fun and download this great software for FREE.

Use Fibonacci in your trading

2010-11-30T15:00:00.005+04:00

Had we stare at the screen of a master trader, we would be pretty to find at least a few key fibanacci levels being plotted on his charts. For any wannabe trader, it is crucial to study how the fibonacci sequence of numbers is reflected on the market movement and how one can use these to his own advantage to extract the pips from the forex market or any other market.

Fibonacci is another indicator but unlike other indicators, it is found in the category of leading indicators and is the opposite of lagging indicators. If we come to achieve some level of mastery of the Fibonaci tool, I do believe that we would be able to minimize our losses greatly and consequently maximize our profits.

There are several guides already out there which details the use of fibanacci in trading and I do suggest that one should look for these and read as much as they can. However, mastering the fibonacci in trading cannot be achieved only by reading ebooks and online guides but requires quite a lot of practice and chart time. Once your eyes get used to the fibonacci levels on that charts, you would somehow be able to guess the levels where price is suppose to meet support or resistance without the use of any other indicators.

There are some key levels in the fibanaci sequence which should be closely monitored because price will usually stall and/or reverse at such levels because these levels usually show some resistance to the market impulses such as the 61.8% or the 38.2% retracement. If you are new to trading and you are first reading this article, I am pretty sure you have not idea what I am talking about and this is why you should download the ebooks from the link below and start reading them. If you pursue the path of fibonacci with enough determination to succeed, sooner or later you would become a master in the use of fibonacci in your trading and fibonacci retracement and extensions would become the crucial tools in your trading toolbox. You can find some good fibonacci manual from the link below.

Free Expert Advisor Video Coruse Sponsored by TradeView Forex

2010-07-01T16:23:00.005+04:00

Forex Expert Advisor Video Course (2 parts)
Check out my brand new Expert Advisor Video Course. E.A course is fully sponsored by TradeView Forex
What you will learn inside EA Trading course? How to download, install and run the Meta Trader 4? How to trade with Expert Advisor? Technical vs. fundamental trading Manual trading vs automated trading robots Money management How to find profitable E.A? How to check the profitability of an E.A? How to import historical data inside Meta Trader 4? How to achieve 90% modeling quality? Trading issues with Expert Advisor and their solutions How to avoid expert Advisor scam? Mql4 trading championship winning EA secrets revealed
This is a limited time offer by TradeView Forex. Hurry up, get your "Expert Advisor Video Course" for free!
Click here for more information

Speed Resisance Lines as an additional trading tool

2009-12-01T14:21:00.004+04:00

Speed Resistance lines can be used to identify levels of support and resistance in the market with a high level of accuracy. If you wan to read more about this tool, please download the pdf file at the end on this post. You should be aware that this is not a trading system which is going to generate buy and sell trading signals for you but it is just another powerful which you can add to any trading method and develop it from there. So please take some time and have a good read. Download this file.

Meta Trader 5 Beta Testing

2009-11-23T08:22:00.010+04:00

Today, I am going to talk about the new beta release of Meta Trader 5 -

On 9th of September, 2009 Meta Quotes offered its new charting and
trading platform, the Meta Trader 5. Currently, the beta testing is going on
and the company is planning to offer new MT 5 version in coming year 2010.
You can download Meta Trader 5 via following link
http://www.metaquotes.ru/files/mt5setup.exe

The new MetaTrader 5 trading platform is designed to provide brokerage services
to customers in Forex, CFD and Futures, as well as equity markets.
I personally think Meta trader 5 is a good effort as they added object oriented programming.

However; the company clearly missed the basic requirement of most traders
who actively use MT4 platform on a daily basis.

How customers are going to use it in trading?
Specially, when almost all of the Meta Trader 4 custom indicators and E.As
are not going to work in this Meta trader 5 version.

Following are the draw backs that I have found and I think it is going to make hard
to accept and use new Meta Trader 5 software.

1/- Custom indicators need to re-write because the old *.mq4 file code just do not work with Meta Trader 5. Even if you change the file extension it still do not work at all.

2/- Same programming and syntax problem with Expert Advisor A.K.A - EA
Also, there are many Expert advisors and custom indicators
that people do not want to reveal the code and trading formula to third person.

3/- Not every one is a computer freak to rewrite and upgrade his own custom
indicators and Expert advisors. This makes really hard for new users and beginners!

In order to accept and use Meta Trader 5 a trader first needs to pay money to a MQL 5 programmer to update and re-write his E.A and Custom indicator OR leave Meta Trader 5.

I think most traders wants to use Meta Trader 5 but above problems and up-gradation
of coding is a big hassle and use-less effort.
Just need to pay more money to get the things keep working.

There are millions of users who needs to upgrade their code to use at MT5 which is
not possible and realistic approach.

:: My suggestion to Meta Trader 5 team is as follows ::

It is possible via programming to keep running the old *.MQ4 files inside
Meta Trader 5 in a compatibility mode!

OR

Go back and use the same scripting language and offer a new version of Meta Trader 5 without changing the MQ4 syntax

Other wise, I think it is a long way till 80% custom indicators and E.A users even think
to shift over to Meta Trader 5.

At least, I am not looking to use Meta Trader 5 for now.
I think Meta Trader 4 is still a hero for me.

Kind regards,
-Muhammad Azeem
http://readyforex.com
======================

Man VS Machine - Real traders versus Expert Advisors

2009-10-30T23:50:00.002+04:00

This event will be officially launched on Jan 10 2010. It is one of its kind event and it is being organised for the very first time. On one part, there will be real human traders and on the other side, there will be robots aka expert advisors. The aim is to know which party beats the other in generating the most profits in this 10 weeks long event. The participation is free and open to anyone who wish to take part in it. When enrolling, you will have option to choose your side, Bots 'expert advisors' or Humans... If you choose human, you will not be able to use any expert advisor on the competition account and if you choose robot, you will still be able to place trades by hand (manually)... However, you will need to send your expert advisor to them for verification purposes. The rewards are very tempting .. the first price is a 50k USD live account to trade with them.. You are free to take the profits you make from these accounts at anytime you wish to do so... prizes go up to rank 6th... You can read more about this event on the official page.. best of luck

Trading the 'Currency Ring' and making money from it

2009-10-20T21:17:00.003+04:00

Trading currency rings can be very good especially if you do not have the proper skills for doing technical analyses of determining the proper direction the market might be heading and tkaing position accordingly. Currency Ring is a good way to trade the forex market easily and hassle free. Firstly, we need to know what is a Currency Ring actually.

A currency ring is a set of of 3 pairs which contain 3 currencies and share the same number of currencies when traded altogether. Each currency ring will consist of 3 related pairs and there can be many of them. Here are the most popular currency rings which you can trade with the majority of the brokers as all these pairs are normally available to trade on all of them.

AUD/JPY AUD/USD USD/JPY

CHF/JPY CHF/USD USD/JPY

EUR/JPY EUR/AUD AUD/JPY

EUR/USD EUR/AUD AUD/USD

GBP/JPY GBP/USD USD/JPY

EUR/CAD EUR/USD USD/CAD

EUR/CHF

EUR/GBP GBP/CHF

EUR/CHF EUR/USD USD/CHF

NZD/JPY NZD/USD USD/JPY

EUR/JPY EUR/GBP GBP/JPY

EUR/USD EUR/GBP GBP/USD

EUR/JPY EUR/USD USD/JPY

GBP/CHF GBP/USD USD/CHF

GBP/JPY GBP/CHF CHF/JPY

As you can see above, we have 14 currency rings which we can trade all the time. However, it is advised to trade only 1 currency ring per account as it give you more control on what you are doing and also give you a good glimpse on the currency ring you are currently trading. You can log the statistics and performance of each of these currency rings on different accounts. Trading one currency ring per account also protect you from undue drawdown that you might experience with these type of strategies.

Firstly, we are going to place an Average Daily Range indicator on the pairs that form part of the currency ring we are going to trade. If the pair has moved over 25% of the daily range, then we buy the currency ring and close the trades when the pairs has reached 50%-75% of the Average Daily Range (ADR). Here is an example:

1. We buy 1 lot GBP/JPY
2. We buy 1 lot GBP/CHF
3. We also have to buy 0.8 lots of CHF/JPY in order to stabilise the accounts

When we bought the GBP/JPY and the GBP/CHF, we have also actually bought the CHF/JPY as the cross pair and we have to open a real by order as well in this pair to stabilise the currency ring. After we are done, we wait for the pairs to move and we take profit from the overall combined profit of all the orders together. This is a very interesting forex trading strategy and if you have some time to experiment with it, can bring you lots of good. You can read more about this trading method from the link here. Good luck

Metatrader Expert Advisor Generator

2009-10-16T21:11:00.003+04:00

A new program is out which allow you to code your trading strategies for the metatrader platform. This tool does not require that you have coding and programming knowledge at all. You just input the trading rules step-wise in the software and the codes are generated on the fly. It is very good for those who want to get started in mql4 coding and are situated in the middle line. The software comes with a manual which will walk you through the usage of the software and hopefully you will be generating your EAs after you completed the little training. However, the system is not free but you can download a 60 day trial of the software and try it for some time. If you find yourself comfortable with it, then you might decide to purchase it at a later stage. If you have good experience with it already, do leave some comments.

Double and increase the traffic to your blog freely and easily, step-by-step instructions

2009-10-16T18:25:00.004+04:00

What can you see in the above image? Can you notice the green and blue curves? The green line is the traffic to my blog last month and it has been compared to the current traffic to my blog which is reflected by the blue line. I am using Google Analytics to monitor the traffic and do the other tracking. As you can see, the traffic to my blog has doubled... and goes on increasing like this... NO, I did not pay for anything! This is totally free traffic I am getting to the blog just by using a free traffic system which is totally safe as well... you do not have to worry whether it is against google adsense TOS if you are using adsense etc... If you have a website or blog, then you already know that a website without good traffic is useless. No matter how much you monetize it, without traffic, it will not earn you a penny...The free traffic system I am presenting to you can give you dozens of backlink to your website each and everyday. This will not only boost your traffic, but will also boost your ranking in search engines and increase your PageRank. Again, look above at the image again... this is the results that you can expect... I have up to 250% traffic increase for some days when compared to earlier days... is not this great... OKAY! Enough talking... To use this free system, you have to:

Follow the SIGN UP link at the bottom of this post.
Follow the 3 steps in the signup process
Add the code to your website
Share the system with your friends

Yeah... It is easy as 1-2-3-4 .... Again... Again... this is a totally free system which will bring you 100% free traffic... you do not have to pay a dime to get the traffic unless you want to get even more traffic... However, my advice, use the free system... it is very good and rewarding. Follow the link below and follow the steps as outlined above... Make sure you read each of the 3 sign-up steps carefully and complete them as well. Thank you and good luck

Counter-Trend Trading Method with the CounterStrike Forex Strategy

2009-10-13T18:31:00.002+04:00

The trading strategy I am about to introduce to you is a counter trend trading system which is 100% mechanical as well. What we mean by counter trend trading is that, if we have a situation when normally traders will buy the commodity, we will be doing the opposite and selling this commodity and if others are selling, then we will be buying. And by 100% mechanical trading system, I mean that the system is totally free from any discretionary trades. For example, if you see A, then you see C, then do B... this is an example of a mechanical trading system. Mechanical trading systems are very good for traders who are become psychologically weak and emotional when in front of the charts, which eventually lead them to make bad trading decisions in the market when using discretionary trading systems. For these kind of traders, a mechanical system the system which will really suit them. I originally read about the CounterStrike trading system from the following thread and I really liked it. Personally, I think this system has some very good potential in making some pips from the market. If you have some free time in hand, I suggests you use it wisely and go ahead to read this trading system. If you have even more time, then you can do some practice on demo charts and see how it is working for you. It is no strange that you can stumble on some golden nuggets of the forex trading systems. All the best.

Simple 1HR Trend System

2009-09-30T21:25:00.003+04:00

Here is a simple and easy little system which will help you to take advantage of the heavy trends which usually occur each year withing October and May. The system comprises of 2 metatrader indicators which gives buy and sell signals. The first indicator is a custom made Moving Average indicator which only show an arrow each time there is a signal. A Green arrow for a long signal and a Red arrow for a short signal. However, we do not enter the market on the appearance of the arrow alone but we need to confirm the direction with a second buy and sell indicator which is a mapped version of the RSI indicator. The Mapped RSI shows long signal when it turns green and shows short signal when it turns Red. However, when the mapped RSI turns grey, then it is an indication to exit the trade and that the trend might be changing. So, when the buy and sell signals from these 2 indicators are coupled together, we get a strong signal in the direction of the trend and we take the trades in that direction. Here are the indicators and metatrader template for you to download and use. Good luck. source

Forex Scalping Indicator - Waddah Attar Scalping

2009-09-25T20:30:00.003+04:00

Here is a little indicator that might come in handy in your scalping journey. It can be used as a buy indicator or as a sell indicator. When we have 2 candles which has closed and the indicator closed in 2 consecutive green bars, it means the indicator is giving us a buy signal and when 2 candles has closed and the indicator has drawn 2 consecutive red bars for these candles, then it means that the indicator is giving us a sell signal. As you can see in the screenshot above, the piece of code can be used as a buy and sell indicator. However, I suggests you do not use it stand alone and you experiment with it along with other indicators you might like. If you come up with anything useful, do let me know about it. After you download the indicator, place it in the metatrader indicator folder and you will be good to go. Good luck. Source

The 'Catch and Release' Forex Trading Strategy

2009-09-25T09:47:00.005+04:00

I would like to introduce you to this very nice trading system which can be used to take advantage of the big trends that occurs every now and then in the forex market. This strategy works great with trending pairs like the majors for example the eurusd, gbpusd or gbpjpy. The aim of this strategy is to wait for a trend to develop itself, then enter the market upon small retracement against the established trend.

The Catch and Release method uses a combination of buy indicators and sell indicator to generate buy and sell signals for the forex market. To be accurate, the system uses 5 indicators which are namely the GMMA SLOW, EMA (20 and 30),Stochastics(9,3,3), RSI(3) and finally the Heiken Ashi. All combined together produce very nice entry signals for the forex market with a high rate of accuracy. I would not go into the details of setting up the charts etc but I will just post the template at the end of this post so that you can just download it and apply to your metatrader platform. Your chart should be ready for you to trade. Now I will write a bit on the buy and sell signals. I will restrict myself to very little words as I have already made very illustrated screenshots of how the system works with trade examples so that you can follow and learn without the hassles of endless reading.

Here are the rules for buy signal as well as 2 trade examples which occured following the fulfillment of these rules. The screenshot explains for itself and I will not be commenting on the rules.

As for the Sell signal which this system generates, please review the screenshot below where the rules have been clearly outlined as well as trading examples. Follow the numbering for the signal order.

Download the template and indicators and start your trading practice. Good luck. Source

Video - How to get rich slowly in forex?

2009-09-24T21:37:00.005+04:00

Here is a very good video explaining how we need to work with the forex market and how the wealth building should be slow but consistent. The video gives very good insight about why most traders fail due to their haste to become millionaire overnight. By having this is their mind all the time, they start to get emotional and fail to measure the risk they take in each and every of their trade in the forex market. If you are an aspiring forex trader, i truly suggest you to take a few minutes and watch this video. Hope you benefit from this and wish to hear back. Video link here

CatFX50,another free yet powerful forex trading strategy

2009-09-23T20:14:00.006+04:00

I am sharing this fantastic free forex trading system with you which is called 'CATFX50' Trading Method. This strategy is reputed for its high rate of accuracy in finding proper entries for your trades. CatFX50 is a very easy system and it will not take you a lot of time to study and apply its rules to your own trading. The rules are clearly explained and outlined in a word document and you should refer to it anytime you stumble across some problems in understanding how the system works to generate the trading signals. After you have thoroughly read through the rules, make sure you practice this trading system on a demo account for a while so that you can determine whether the system fits your taste or not. CatFX50 uses a lot of indicators to determine the proper trading entries and this alone turn the system into a very powerful and accurate one. This system can be used stand-alone and it has different buy indicators and sell indicators which works together to give buy and sell signals. These buy and sell indicators can be applied to any chart just by applying the Metatrader template found in the catfx50 download packages. I hope that you will benefit from this system and will make a lot of pips. Go ahead and download the whole package which contains everything for the system. You should find the indicators and templates also. Good luck. Source

Fractal Zigzag Indicator - A cool variant of the standard zigzag indicator

2009-09-21T10:40:00.003+04:00

Many traders like to use the zigzag indicator with their trading method. Expecially those who works with elliot waves and chart patterns. I have already posted a better zigzag indicator in another post and you can search for it on this site. The other zigzag indicator is called 'parabolic zigzag'. This version on the zigzag I am posting right now is called the 'fractal zigzag indicator' and it not any better than the parabolic zigzag. The difference with this zigzag indicator is that, it draws the lines, the peaks and the bottoms based on the fractal formation. A fractal is formed when we have 1 high with 2 lower highs on each of its sides for a bullish fractal and a bearish fractal is formed when we have a low with 2 higher lows on each of its sides. However, this fractal zigzag indicator let you change the settings of the fractal depth you want to investigate into. For example you can use a fractal depth of 3 and the fractal zigzag indicator will look only at fractals which has 3 lower values on each side of the new extemum (high or low). I hope that you find this indicator useful. Download the fractal zigzag indicator now.

Easy Forex Trading Method, running without indicators

2009-09-19T15:53:00.004+04:00

I want to share this very small and easy forex trading method with you. It is so easy that you will be able to master it within minutes. You do not need to place any indicators on your charts. This system is purely based on the price. The only 2 piece of information that you are going to be needing is the Open of the candle(H1+) and the Current price of the pair you are working with. You do not need to be a rocket scientist to get these piece on info from your charts. Have a look at the screenshot below.

So what we need to do is the following

Get the pips number which we are going to use to work out our calculations for the order placement. We do this by taking the current price of the pair and multiply it by 10. In our example the current price of the EURUSD as 1.4700 so we take it and multiple it by 10 (1.4700 x 10 = 14.7) and we get 14 pips. We round all the numbers. So 14 pips will be the number we are going to work with.
We need to determine the the prices where we will place the pending buy and sell orders. First we take the number of pips we got above and we multiple it by 2 (14 x 2) and we get 28 pips. Now the orders that we are going to place should be 28pips away from the current price. So the pending BUY order will be 1.4700 + 28pips = 1.4728 and our pending SELL order will be at 1.4700 - 28pips = 1.4672
Now to determine the StopLoss level, the stoploss levels should be 28pips (14pips x 2) from the Opening of the candle we are working with. In our example above, the StopLoss for the Buy order is 1.4707(open) - 28pips = 1.4679 and the StopLoss for the Sell order is 1.4707(open) + 28 pips = 1.4735
For the Takeprofit, we take the Current price and multiple it by 100, therefore, as per our example, our takeprofit is 1.4700 x 100 = 147 pips.
To calculate the Trailing Stop value, we use the following formula 28 pips + (14 pips/2) = 35 pips. This is the trailing stop that we are going to use.

As you can see, this system is indeed very easy to understand and apply. It does not take into consideration in which direction the market is going. Whatever the direction the market takes, we are going to make some profit or at least breakeven on our trades. I wish you best of luck on this one. You can download the instructions for later reading.

Grab your FREE trading course - 10 full lessons

2009-09-19T00:15:00.003+04:00

I would like to let you know that there is this crazy offer going on at MarketClub and they are offering a free trading course for a LIMITED time. When you subscribe to this free trading course, you will get access to a full set of 10 lessons well presented with videos and presentations. Best of all, these lessons were produced TODAY itself! So you do not need to worry about seeing outdated history data in your lessons... This free trading course is 100% based on the current market situation and give very good commentaries on how to take advantage to the new moves in this market.

I advise you not to waste your time and just go on and sign up for you free trading course from marketclub. I wish you good luck and hope you make more pips after you complete your course. Have fun. SIGN UP LINK HERE

4XWorks - A very interesting ebook and hedge trading method

2009-09-17T14:21:00.004+04:00

I would like to share this small ebook with you. It is called 4xWorks and as the motto of the book itself suggests, it should help you create realistic returns with minimal risk. The author starts by giving an overview of the forex market and the huge earning potential before releasing and explaining in very good detailed clear english, how we can achieve a good and consistent positive portfolio using his hedging method which uses the USDCHF and EURUSD pair. For those who are already familiar with hedging, they can think that this is old stuff that they already know about but I highly encourage them to go through this book because it is definitely something different from the hedging they might be thinking about.

Hedge Trading gives numerous benefits to the trader but the main one which is the most outstanding of all is that, it turn your trading safer and relieve you from the fear/greed effect gradually. Hedging will eventually eliminate the stress factor and should affect the trading psychology positively after using it for quite a while. So for those out there who are already stressed and almost fed up with the market, I suggest they should try this system as a therapy and it should work.

The method described in this book is for all likes... starting from a mild setup which should be very conservative and consistent to a Risky setup which is definitely not advisable for the beginner in trading. The part which I enjoyed apart from the explanation of the method is how the user takes some time to bring and introduce the proper trading discipline which one should adopt while facing the market. I definitely benefit a lot from it and I hope it help me in the future. I hope you will enjoy this read. Go ahead and download the ebook at your own convenience. Read more.

The Problem of Late Entries and its effect on the trading system

2009-09-16T20:41:00.005+04:00

Late Entries is widely disregarded problem but it does affect your trading negatively. There is no doubt on this. When using indicators in your trading, you will be getting the 'Late Entries' problems most of the time because most indicators are price driven... which simply means that price should move first before the indicator can move... Therefore, what we will see is a lag between the indicator and the price.. In some indicators the lag is minimal while in others, the lag is noticeable... worst scenario comes when the indicator lags and repaints as well... this is another issue.

Firstly, let me write a little what is meant by late entries... late entries is simple entering a trade late. We have tops and bottoms or Highs and Lows and late entries are entries which are triggered around the middle of the top to the bottom or vice versa. Late entries is almost unavoidable when using indicators, however, if we can be a little less late in our trades, it is always in our favor... Let me explain..

Normally, when you enter late into the market, the main drawback is that the price has already made some moves in quite some pips which you could have booked. Now, the more the price moved, the more our Risk versus Reward ration decreases. So, when a trading system has the problem of late entries, it will eventually turn the trading system into a POOR RISK/REWARD system... meaning, you could be risking 2x to make 1x profit... Since most of the time, our stoploss are better and safer at recent swing highs and lows, the more the price has already moved from this recent swing, the more our risk increases as our stoploss will be further from our entry and at the same time, our takeprofit will be nearer to the entry.

So, when developping ones trading system, you should pay close attention to the late entries problem and if your signals make you enter late in the market, you should revise your methodology. I hope you have benefit from this little article and this can help you out in your trading. Feel free to download at your own convenience.

Super Bounce20 Forex Trading Strategy - Another free forex trading system that works

2009-09-16T19:51:00.006+04:00

I am delighted to present to you the Super Bounce20 Trading System. A really cool trading method which corrects one of the most notorious weakness of 99% other trading systems which is nothing but 'Late Entries' in your trades. For any system which uses indicators to generate trade signals, there is always the problem of 'late entries' associated with them. Hopefully, this trading system, which is not a new one and which does not use fancy indicators etc, is here to correct this problem. If you have been neglecting the problem of late entries till now, please take some time to read this separate post which talks about this particular problem and how it affects one trading system, so drastically that it can turn a winning system into a losing one. I suggest you read this post which I wrote about this problem. Follow this link please.

Now, after the overview, let me talk about the Super Bounce20 Trading System. The system consists of only 2 indicators, the MACD which is the primary indicator and the Simple Moving Average(SMA) which is our secondary indicator, we use 2 moving averages in our system.

Setup your charts as follows:

Open your chart to any timeframe (M15 and above preferred)
Place the MACD indicator on the chart with the default settings
Place a Simple Moving Average, color BLUE and Period 20 on close
Place another Simple Moving Average, color RED and Period 5 on close

If you want to go quicker, download the template at the end of this post and apply it on your metatrader chart. You won't be having to place the indicators manually one by one.

The signal generation method of this trading system is in three steps and I will be writing on each steps in details here. I will also post a screenshot at the end as well as some trade examples so that everything written could be summarized in these screenshots. You should read the text again and refer to the picture so that you can get a clearer idea of the system. A picture is worth a thousand words but we still need the words...

Step 1 - MACD gives the early signal

The MACD is the first to give a signal in this trading system. We will take a BUY example for all the explanation and for the sell, you just have to reverse and do the opposite. This is not rocket science for anyone to do. So, in order to generate a valid BUY setup, the MACD needs to be below 0 line... Let me number the process for you

MACD should be below 0 line
MACD histogram (bar) should start moving away from the Signal Line(RED), therefore start to decrease in height.

Look at the following screenshot to get the pictorial meaning of what I am saying.

Pretty easy I guess...Anyone can spot this on any chart and as I am saying it again, it is not rocket science to do that. For a SELL situation, you just have to reverse the RULES which is, MACD should already be above the 0 line and the MACD bar(histogram) should start moving away from the red signal line and decreasing.

As we have seen, this is the very first signal for this trading method and we should not be looking at anything else unless the MACD give us the permission by showing the very first signal. Now we move to the next step.

Step 2 - The BOUNCE on the SMA 20

After we have a valid first signal from the MACD, its a go to look for the next signal in order to determine our trade signal and decision. Now we look at the price (candlesticks or bar chart) closely... You should notice that as soon as MACD will give the first signal, price will start to move into that direction.... In our example, price start to move up BUT... it should BOUNCE off the SMA 20 (BLUE) and retrace a little downward... This BOUNCE is out 2nd signal... Look at the screenshot for a better idea on this

As you can see above, after the MACD gave the first signal, the price started going up but when it went past the SMA20, it stops and reverse a little... This is called a bounce... We can say that price bounced off the SMA20... This will be our second signal and we have a final step which is the entry... Please note that for a SELL situation, price would try to go down and bounce on the SMA20, then go up a little before going down again... Lets look at our last step now

Final Step - The entry

After price has successfully bounced off the SMA 20(blue), we can see that is is going in the opposite direction for a while and it is called a retracement. Now we wait for the price to go past the SMA 5(RED)... When the price goes past it and closes below the SMA 5, we open our position at this close... Sometimes price will not close beyond the SMA 5 and will just make a shoot(candlestick tail), we can enter on a shoot as well. This final step is our entry. So, let us look at all these three steps on a single screenshot, please observe closely.

As you can see above, all the rules has been summed up in this picture and the steps are well illustrated and numbered. Again, please keep in mind that we are taking a BUY signal as example and for a SELL, you just have to reverse the rules and do the opposite. I cannot write so much on the SELL as well because it is too easy to figure out.

Final Words

This system is very promising and there is no more late entries with it. The pips you would ahve left on the table with other trading systems, you can catch them with the Super Bounce20 Trading Method. Do not underestimate this forex trading system due to its simplicity... Simplicity is the strength of this system... Give it a try and you will not regret wasting your time. My thanks goes to the guy who originally come up with this trading system. I do not know him personally. If he ever read this, I would be delighted if he left a comment.

Also, you can download the metatrader template file from the link below. With the template, you would not need to setup your charts manually and you just apply the template to get everything in place... It is good for the lazy ones... LOL... Have fun.. Source

Metatrader Simulator - Simulate any trading method with ease

2009-09-14T18:04:00.002+04:00

This Metatrader Simulator enables you to simulate any trading system with great easy and accuracy. You do not need to wait for the market to develop real time and wait for your trading signals from your trading system to trade them. Now, with this metatrader simulator, you just add the expert and the scripts that you can download from the link below to your metatrader and here you go. There is a manual included in the archive which walk you through the whole setup process of this tool and teaches you how to effectively use it to develop your own trading skills and test the forex trading systems of your choice which are mostly found abundantly for free all over the net. Using this tool will definitely help you in developing the trader in you. Go ahead and download the package.

The Pin Bar Trading System - Free forex strategy

2009-09-14T13:28:00.004+04:00

The Pin Bar Trading System is a very small, easy and neat little system that anyone can easily adopt as his long term trading strategy. This strategy does not need long hours of endless charting like a hawk in front of the screen, but will just need a few minutes to eyeball the chart everyday at the close of the daily bar. As it works on the daily timeframe.

What you need to do is, you need to wait for the daily bar to close, use a bar chart. After it closes, we need to identify whether it is a pin bar or not. A pin bar is a long bar but with the close and open to be almost at the same level or very few pips apart. In candlesticks, we will say that it is a candle with a very small body and a long tail. Here in this screenshot, you can find both a bullish and a bearish pin bar.

As I said, this strategy works well on the daily timeframe and as I will be detailing, it has a high risk/reward ratio. It is imperative that you wait for the pin bar to close and the next bar to open before you can work on this pin bar. Once you have correctly identify a bar as a pin bar, you need to take your fibonacci tool which is available in most trading platforms and draw the fibonacci levels on the pin bar itself. If its a bullish pin bar, you draw the fibonacci level from the low to the high of the bar and if it is a bearish pin bar, you draw the fibonacci from the high to the low. Consider the example below, in our example, a bullish pin bar has just been identified. Observe this screenshot below:

So after I have identified this pin bar, I drew the fibonacci levels. The only level which interest me is the 50% retracement level or the 0.5 level. What I do now is, I place a pending order just at this level speculating that price should normally retrace to this level before going in the desired direction. I place the stoploss 5 to 10 pips above the high of the pin bar and if it would have been a bearish pin bar, I would have place the stoploss on the opposite side of the bar. As you can note, we have our stoploss very close to the entry and this decrease our risk per trade drastically. If the stoploss gets hit, as it can happen a few times as well, then we would be losing except a little from our trade. However, if the price retrace, trigger our order then goes in our direction, then we are sure to make at least 2x from what we risk in terms of profits. We can even make as much as 10x or more. Since we are dealing with the daily chart, we should be patient, the trades can last for weeks!

You should not be risking more than 5% of your capital per trade. If you do not have time to monitor your trades, you can use a fixed takeprofit which can be twice the distance of your stoploss for example... or you can use a trailing stop to trail your orders. However, trailing stops are not very good as it tends to reduce the room for the trade to properly develop and reduce the profit potential as well.

Some rules to be observed when using this system:

Always wait for the pin bar to close and new bar to open.
We work on the daily timeframe, this would not work great on lower timeframes
We look for pin bars which develops at Support/Resistance levels, Fibonacci retracement level, pivots or we look for pin bars which appear at the bounce of a trendline.
We never use instant order, we always place a pending order at the 50% retracement level
We never risk more than 5% of our capital per trade
We breakeven our trades as soon as we can, but not too early as well, we breakeven only when we have around 30-50 pips of profit. From this point, we will be trading with 0 risk and we can wait for days expecting price to go as far as it can.
Close the trades when you have an opposite pin bar and open the trade in the other direction.

This is all regarding this wonderful and easy trading system. As with every single trading systems, you need a lot of practice to gain some level of mastery of it. Practice it on all the pairs you have on your broker demo account for a few weeks. If you are working on 20+ pairs, you should be having at least some 5 trade signals per week. And most of them will give you lots of profits. You can download the package from the link below. Read more...

Trend Catching System - Another easy forex trading setup

2009-09-13T14:16:00.005+04:00

Here comes another cool and smart forex trading system which can be described as easy as A-B-C. It uses 3 main indicators which are the MACD, the BBANDS and Moving Averages, not one but 10 of them. No worries, you do not need to setup the chart manually, you can download the metatrader template and apply it on any of your charts. Basically, you just have to follow 3 simple rules and if you happen to seen them, you do not have to hesitate a single moment and just open a position in the direction indicated by the trading system. Most of the time, if you choose to stick to these simple trading rules, you will end most of your trades with profits or green pips if you like. There is a nice screen capture heavily illustrated which should wipe all the confusion about this free forex trading system from your mind. Trading forex can be fun at times. This trading system is designed for trending markets and works only in trends. So, you should be using it preferably on trending pairs such as the GBPJPY or GBPUSD etc... Higher timeframes should increase the accuracy of the signals and also the profit target. I hope you will enjoy this new free forex trading system in your trading toolbox. Would like to hear back. Source

MarketClub Rocks... Gold signal 100% accurate!

2009-09-11T23:41:00.002+04:00

Guys, these MarketClub software is kicking hard... The Gold long signal as indicated by the Trade Triangles proved to be 100% accurate... wow... what a ride....

SOF Trading System Ebook

2009-09-11T07:49:00.004+04:00

Here is a little system which can help you make some money in trending markets. Very straight forward and easy trading rules which anyone can learn and apply. You can also adjust/tweak the system and bring your own addition to perfect it. This used to be a commercial trading system done by a crook who just took a bunch of free indicators and renamed them.

As you can see, the indicators are very easy to interpret and implement in your trading. Feel free to share your views and insights about this free forex trading system.

Download the ebook and have a good read.

Pattern Recognition Master - Candlesticks

2009-09-10T09:41:00.003+04:00

Hello,

This cool little indicator for metatrader 4 trading platform is able to scan any chart on any timeframe for candlesticks pattern formations and alert you as soon as a new one is formed. For those who are already into candlestick analysis, they already know about the high strike rate and strength of candlesticks when it comes to patterns.

When a pattern forms, there is a big chance that the market will move according to this pattern. The pattern give you some hidden knowledge about what should be going to happen sooner or later in the market. The indicator is pretty easy to interpret and the settings is very clear and straight-forward. You have the option to turn On the alert switch it off. I hope that this indicator brings more pips into your trades' basket.

Download this indicator now and relieve some stress from your brains.

Metatrader Indicator - CCI Arrows

2009-09-08T09:54:00.004+04:00

One of the most powerful indicators which come together in the Metatrader(MT4) trading platform is without doubt the CCI indicator. The CCI indicator can indicate the trend direction with quite a high rate of accuracy. The popular setting used for the CCI indicator is 14 and the level which the traders normally watch is the Zero(0) line. Once the CCI crossed the 0 line from below, it means that we might have a buy situation and if the cross is in the opposite direction, it would mean a sell situation. However, you will need to plot the CCI indicator on your chart and hunt(wait) for this cross to happen and try to catch it with your own eyes. However, with this little indicator... You are saved from this pain... You do not even need to plot the CCI on the chart... Just put the CCI Arrows indicator on your chart and each time the CCI crosses the Zero line... It will draw an arrow depending on the direction of the cross.. A red arrow should mean a chance to sell and a Blue arrow should mean a chance to buy... However, the indicator should be used with a trading system and not stand alone.

I hope that you find it to be a useful addition in your trading toolbox. You can read more on this indicator and download it at your convenience.

Improved ZigZag indicator for Metatrader 4 - MT4

2009-09-07T18:12:00.006+04:00

The original and standard zigzag indicator which comes with the metatrader trading software is very appealing and seems to be able to spot all the highs and lows on the charts. It appears to be the perfect indicator however the crude truth in this story is that the zigzag indicator is very unreliable and if you take each of its new highs or lows as trade signals, you will soon end up broke with an empty account. The standard and generic zigzag indicator only looks good on the chart as it always repaints and re-adjust itself to new market data.. so, it will always look good and seem to possess this miracle power to spot tops and bottoms with uncanny accuracy. Well, the standard zigzag indicator is a big fraud.

However, you do not need to despair. Here is the solution to this zigzag problem. It is a new enhanced zigzag indicator which has been re-worked and with this one, you will be able to trus the new extreme points that this new zigzag indicator will show you.

This improved zigzag indicator is based on two indicators, the standard zigzag and the parabolic SAR aka PSAR. Both combined into one indicator renders this indicator very strong and helpful to the trader. You can forget about using the old standard unreliable zigzag indicator and replace it with this one. This improved zigzag will produce the new extremes with a little delay when compared to the standard zigzag but this delay is definitely worth the time as it makes the signals more accurate. You can read more about this wonderful free forex indicator and download it at your convenience.

Price watcher and alerter

2009-09-07T17:43:00.007+04:00

A very familiar occurrence among traders is the frequent missing of good trades when they inadvertently missed the price level they were waiting for to trigger their trades. While sitting and waiting for quite some time, the price did not seem to be moving at all but just when you decide to leave the platform and go for some tea or to the toilet... it is just at this very particular moment that the price wakes up and go past your price levels which you were monitoring and by the time you come back to your platform, it is already too late.

Fortunately, this little metatrader indicator can help you manage this situation positively. You just add this indicator to your chart... You set the settings and the lines will appear at the exact levels you want it to watch. As soon as price goes past this level, the indicator will sound the alarm and you can leave all what you are doing and come running to your PC to trigger your traders. This little free mt4 indicator will assist you in your daily trading and hopefully, help you make more pips in this crazy forex market. You can read more about this indicator and download it for free.

17 Money Making Candlesticks formation(video)

2009-09-02T19:30:00.002+04:00

Today’s short video is something quite special.

In many of my previous videos we’ve looked at charts using Japanese candlestick charts. While this is interesting, I’ve never quite explained to you some of the powers behind using Japanese candlestick charts.

So here’s what we are going to do; watch the video, and I will point out to you some powerful Japanese candlestick formations on Google, Gold and Crude Oil.

LINK HERE

MarketClub is making available to you with just a phone call a very special PDF booklet on Japanese candlestick charting. The title of the booklet is “17 Moneymaking Candlestick Formations You Can Use Today”.

So enjoy the video.

Thanks.

Another powerful Metatrader indicator - Dynamic Zone RSI

2009-09-02T18:05:00.005+04:00

As we all know, the RSI is a really powerful indicator especially when it comes to identifying overbought and oversold levels. However, with the generic and standard RSI indicator, these overbought and oversold levels are fixed levels( e.g 85 for overbought/ 15 for oversold). In this modify version of the RSI indicator, called the Dynamic Zone RSI... Two addition lines (bands) are added and these become dynamic overbought and oversold levels. The upper line is the line for overbought and the lower line is the line for oversold. Once the RSI crosses the upper limit, it means price is in overbought and the contrary would meant that the price is in oversold. These lines are dynamic and will always be changing. Hopefully, this indicator can be a good addition in your trading toolbox and you can mix it with your other favorite indicators to come up with some powerful trading systems hopefully.. Download the indicator from this post.

RSI with Alert option for Overbought and Oversold levels

2009-09-02T10:04:00.004+04:00

Many of you guys have been looking for the RSI indicator with an Alert option when price goes into overbought or oversold levels. You can follow the link below to download this modified version of the RSI indicator with the Alert option added into it. The parameters of the indicator is pretty self explanatory and I do not need to elaborate much onto it. So each time price is in these levels, the indicator will sound an audible alert. It is very good specially when you are busy watching a lot of charts at a time. Most traders trade usually like this and they easily miss what is happening on other charts. I hope that you guys will find it helpful as the indicator works with metatrader 4.0. This indicator is specific for MT4 platform and you will not be able to use it on another platform unless you get a coder to convert it. You can dowload it from this post

Very good FREE forex trading signals

2009-09-02T07:05:00.004+04:00

Who want some free signal? And not just any kind of signal, but some real good green pips... Check out the stats for the recent months... All these signals are free for now... I hope it will be helpful to many of you out there.

JULY'09 +2105 pips

31-07-2009

The best was 1st week with +1300 green pips and GBPJPY & EURJPY never lost at this 1st week.

We had worst at 4th week, hopefully we will doing better next month after this thin volume market.

JUNE'09 +1695 pips

01-07-2009

With a choopy market at "Summer" time, we still made pretty good around +1600 pips. The Best Week was 3rd week with +1000 pips.

MAY'09 +1445 pips

29-05-2009

Very tough month for everyone, but we still made good pips.

April'09 +2740 pips

01-05-2009

Another very good results +2740 pips for April 2009.

With 4 pairs GBPJPY, EURJPY, CHFJPY & GBPUSD

THE TOTAL for the recent 4 month is an AWESOME +7985 pips!

Go to free signal website or blog

Web Trading System (10%/mn)

2009-09-01T17:57:00.005+04:00

I have been reviewing a free trading system lately which goes under the name of web trading system. I have found the system to be quite good under normal market conditions and very easy to implement. The system consist of only 2 indicators, both of which are just the same old Exponential Moving Average. Both are used with different length(settings) which are as follows... EMA 5(RED) and EMA 13(BLUE)... We just need to wait for the crossing of these EMAs, then after that, we should watch the New Open right after the crossing which should be the exact point where we should trigger our trades. There are also a few other rules which, when observed closely, will help you make many pips and stay away from the ranging markets. If you want to read more on this system, please go to this thread.

Fx Trading System: GBP/USD +190 pips

2009-08-04T23:22:00.002+04:00

Hello currency traders.

Below is my latest Forex trading video.
This video shows that I had earned +190 pips
profit in GBP/USD currency pair.

This is a proof that my Forex trading course
and Forex Managed account program is profitable!

Forex training program with video tutorials
http://readyforex.com/course_contents.php

Open a Forex managed account
http://readyforex.com/open_managed_account.php

Download MP4 version of GBP/USD video
http://readyforex.com/GBP_USD_190_PIPS.zip

Kind regards,
-Muhammad Azeem
Forex Managed Account
===========================

Learn Currency Trading: 101 pips profit

2009-07-22T08:39:00.005+04:00

Hello forex traders.
I hope all of you are keeping good health.

Below is my NEW Live Currency trading video.
This video shows that I had earned +101 pips
profit in AUD/USD currency pair.

It is a proof that my forex trading course work!
For those who are interested in learning forex
trading, please visit my website for details.

Download MP4 version of trading video
http://readyforex.com/AUD_USD_101_PIPS.zip

Kind regards,
-Muhammad Azeem
Learn Forex Trading
===========================

Learn Forex Trading: +85 pips profit

2009-07-15T16:45:00.004+04:00

Hello from Readyforex.com

Here is my latest forex trading video.
This video shows that I had earned +85 pips
profit in NZD/USD currency pair.

It is a proof that my forex trading works!
For those who are interested in learning forex
trading please visit my website for details.

Download MP4 version of trading video
http://readyforex.com/NZD_USD_85_PIPS.zip

Kind regards,
-Muhammad Azeem
Learn Currency Trading
===========================

ReadyForex.com - 160 pips profit

2009-07-09T16:24:00.004+04:00

Hello forex traders.
I hope all of you are keeping good health.

Below is my NEW Live Currency trading video.
This video shows that I had earned +160 pips
profit in GBP/CHF currency pair.

It is a proof that my forex trading course work!
For those who are interested in learning forex
trading, please visit my website for details.

Download MP4 version of above video
http://readyforex.com/GBP_CHF_160_PIPS.zip

Kind regards,
-Muhammad Azeem
Learn Currency Trading
===========================

Forex: Euro vs. USD$

2009-07-07T21:03:00.000+04:00

http://broadcast.ino.com/education/forex_euro_usd_200907/

Today, we are dissecting and examining one of my favorite markets ... the Forex market. The Forex market is the biggest market in the world and is traded on a 24/7 basis.

What makes these markets so exciting is the fact that they have a very strong tendency to trend, that is, once they get started in one direction they tend to continue in that direction for some time.

I learned how to trade Forex in the trading pits of Chicago where I was a member of the IMM, a division of the Chicago Mercantile exchange. The CME has grown dramatically over the years, and I have many fond memories of trading in the old exchange in Chicago. Today, you can trade the stock of the CME (NASDAQ_CME).
I digress to today's video.

Today we are exploring the relationship between the Euro and the Dollar (EURUSD). In this short video, which we are making available without cost or registration, you'll catch a glimpse of a conservative way to trade the Forex markets. This approach will detach you from your computer screen and show you how to enjoy your free time without having to worry about the markets.

I would not recommend this movie if you are risk adverse. Trading in Forex, the futures markets, and in any market for that matter always has an element of risk.

I hope you enjoy this educational Forex trading video and that you're able to see the value in this approach.

Every success in the markets.

Sincerely,

Adam Hewison
President, INO.com
Co-creator, MarketClub

Learn Forex Trading: 85 pips profit -NZD/USD

2009-07-07T10:21:00.005+04:00

Hello forex traders.
I hope all of you are keeping good health.

Below is my latest real money forex trading video.
This video shows that I had earned +85 pips
profit in NZD/USD currency pair.

It is a proof that my forex trading course work!

Download MP4 version of above video
http://readyforex.com/NZD_USD_85_PIPS.zip

Kind regards,
-Muhammad Azeem
Forex Trading Course
===========================

Live Forex Trading +230 pips profit

2009-06-26T15:58:00.006+04:00

Hello Forex Traders!
I hope all of you are keeping good health.

I have created a new "Live Forex Trading Video"
So, watch my currency charts and screen to see
profit. I also show one of my own proprietary
indicator inside this currency video example.

Source
Learn Forex Trading

Forex Market Outlook Video - May, 2009

2009-06-03T08:08:00.007+04:00

Hello Forex Traders!
I hope all of you are fine and keeping good health.

I have done market analysis in 4 major currency
pairs which are EUR/USD, USD/CHF, GBP/USD
and USD/JPY.

So, below is my latest Forex Trading Market Outlook
Video report for the month of May,2009.

I hope you enjoy this FX trading video.

Source
Learn Forex Trading

Forex Managed Account Program‏

2009-05-11T14:29:00.002+04:00

Hello Traders!

I hope all of you are fine and keeping good health.

I have updated my Forex managed account program with risk
control policy. Many potential clients always show keen
interest in the statistics and past performance numbers.

So, below are the details::

1/- Position Trading System.

2/- Currently trading EUR/USD pair but soon USD/CHF and
GBP/USD pair as well.

3/- Detailed Statistics and Past Performance is available.
Watch the below video ::

Kind regards,
-Muhammad Azeem
http://www.readyforex.com
====================

Learn Forex with Installment Plan- ReadyForex.com

2009-03-15T13:32:00.005+05:00

Hello Traders!

So, you want to learn Forex trading methods that work?
Readyforex gives you an opportunity to make your dream come true.

:: Installment Forex Learning Offer ::
My complete course price is Euro 7495/- or in US$ 9600/-
Link: http://www.readyforex.com/course_contents.php

I have observed that many people wants to learn forex trading but
they some times hesitate to pay the above mentioned course fee.

So, here is the deal. You only pay 10% of the course fee every month.
In this case you will pay only Euro 749/- or in US$ 960/- per month.
Next you will get the course material (PDF and Video files etc...) and
Forex training.

Now if you are satisfied with the material and forex teaching then at
the end of every month you will again pay Euro 749/- or in US$ 960/-
per month. So, in next 10 months you will pay the course fee and you
will keep learning forex trading from me (Telephone support included)
In short the course fee is divided for you in 10 monthly installments.
This offer is ideal for part time traders!

Also if you are un-satisfied with my teaching then you can stop the
course payment of next month any time as well.

If you are Interested then do let me know and remember
"this is a limited time offer"

Kind regards,
-Muhammad Azeem
http://www.readyforex.com
======================

Triangle Arbitrage

2009-01-28T06:16:00.000+05:00

Arbitrage:

Some people call "Arbitrage" as a risk free strategy. But other
people call it as a trick which looks like the cat pawing chestnuts
from a fire. But in theory, its risk is minimum in deed. We
introduce three types of arbitrage strategies here:

1, Triangle Arbitrage: Searching for two highly fast-moving pairs
(like EUR/USD and USD/JPY), the price of a not-so-fast moving pair
like EURJPY should always be derived by multiplying (or dividing,
etc) the fast-moving pairs. So for example, if EUR/USD is 1.4871 and
USD/JPY is 108.24, the logical price of EUR/JPY should be 1.2 x 120
= 160.96. But at the same time, the real EUR/JPY rate is 160.90. The
slower moving pair lags behind the logical price, then profit
opportunity comes.

In practice currencies are quoted with a bid ask spread, so a trader
should be careful that he is actually buying at the quoted ask
price, and selling at the quoted bid price. Other transaction costs,
such as commissions, might also invalidate the apparent free lunch.

More pairs:

AUD/CAD CAD/JPY AUD/JPY
AUD/CAD GBP/CAD GBP/AUD
AUD/CAD USD/CAD AUD/USD
AUD/CHF CHF/JPY AUD/JPY
AUD/CHF GBP/CHF GBP/AUD
AUD/CHF USD/CHF AUD/USD
AUD/JPY EUR/JPY EUR/AUD
AUD/JPY GBP/JPY GBP/AUD
AUD/JPY USD/JPY AUD/USD
AUD/USD GBP/USD GBP/AUD
AUD/USD USD/CAD AUD/CAD
AUD/USD USD/CHF AUD/CHF
AUD/USD USD/JPY AUD/JPY
CAD/JPY EUR/JPY EUR/CAD
CAD/JPY GBP/JPY GBP/CAD
CAD/JPY USD/JPY USD/CAD
CHF/JPY EUR/JPY EUR/CHF
CHF/JPY GBP/JPY GBP/CHF
EUR/AUD AUD/CHF EUR/CHF

EUR/AUD AUD/JPY EUR/JPY
EUR/AUD AUD/USD EUR/USD
EUR/AUD GBP/AUD EUR/GBP
EUR/CAD AUD/CAD EUR/AUD
EUR/CAD GBP/CAD EUR/CAD
EUR/CAD USD/CAD EUR/USD
EUR/CHF AUD/CHF EUR/AUD
EUR/CHF GBP/CHF EUR/GBP
EUR/CHF USD/CHF EUR/USD
EUR/GBP GBP/AUD EUR/AUD
EUR/GBP GBP/CAD EUR/CAD
EUR/GBP GBP/CHF EUR/CHF
EUR/GBP GBP/JPY EUR/JPY
EUR/GBP GBP/USD EUR/USD
EUR/JPY GBP/JPY EUR/GBP
EUR/JPY USD/JPY EUR/USD
EUR/USD GBP/USD EUR/GBP
EUR/USD USD/JPY EUR/JPY
GBP/JPY USD/JPY GBP/USD

2, Hedging Arbitrage:

This technique is the safest ever, and the most profitable of all
hedging techniques while keeping minimal risks. This technique uses
the arbitrage of roll over interest rates (SWAP) between two brokers.

One broker which pays or charges roll over interest at end of day,
and the other should not charge or pay this kind of roll over SWAP
interest. The main idea about this type of Hedge Arbitrage is to
open a position of currency (Fore example, the highest SWAP GBP/JPY)
at a broker which will pay you a high interest for every night the
position is carried, and to open a reverse of that position for the
same currency with the broker that does not charge interest for
carrying the trade. This way you will gain the interest or SWAP that
is credited to your account, risk-free.

3, Netting Arbitrage:

The main idea behind the strategy is, using differences between
cross rates (such as EUR/USD, GBP/USD, and EUR/GBP) at different
markets.

For example, suppose you had opened the following positions:
buy 1 lot EUR/USD at 1.4867;
sell 1 lot EUR/GBP at 0.7600;
and sell 0.76 lot GBP/USD at 1.9566.

The netting/clearing gives the following results:
Long EUR from the first pair and short EUR from the second pair
gives zero exposure in EUR.
Long position in GBP from the second pair and short position from
the third pair gives zero exposure in GBP.
Short position from the first pair ($148,670.00) in USD and long
position from the third pair ($195,660.00* 0.76) in USD gives you
$31.60 profit without open positions and exposures. Simple? You tell
me.

Forex Managed Account 153% Profit Made - Readyforex.com

2008-12-18T14:52:00.001+05:00

Hi
I hope all of you are fine and keeping good health.

My Swap free and Segregated Forex Manged account program
is available for investors and traders.

Return on investment:
I have generated 153% profit (ROI) with my swap free and
segregated forex managed account program
(From 14th March 2008 till now)

Real money trading account:
I am also providing real trading account number and password
to show a proof that my forex managed account program
is really profitable. (Seeing is Believing!)

Low 30% performance fee:
I charge 30% account management fee from profit per
month. The 30% performance fee automatically deduct
from client's trading account on a monthly basis. If I
failed to generate any profit after 30 days trading
period then client will not pay me 30% account
management fee.

Kind regards,
-Muhammad Azeem
http://www.readyforex.com
========================

MarketClub from INO.COM

2008-10-19T15:59:00.003+04:00

Hi Guys,

Been using a new service lately... And frankly, I am greatly satisfied with it...

This site is for all type of traders... whether you trade forex,stocks or equities... You will find all the needed stuff for successful trading on the site... You just need to edit your posrtfolio and add the instruments which you trade... The side uses propriatary systems(trade triangles, DMA etc) to scan all the instruments and will tell you where the market is heading INSTANTLY... You just need to go to you own trading platform and place you trade...

Been using it for a week now... Its as hot as hell guys... I just added the major forex currency pairs in my portfolio... After adding them, I just choose the Smart Scanner and the system scan all the instruments I chose in my portfolio and some seconds later... A report shows up on the screen and tell me where each pair is heading... I opened some trades and they went in positive territory in less than an hour.... Really, I have not seen any other system as easy as this one... You do not need to be a PRO or need years of experience to use it... After the TREND ANALYSIS is completed, the system will give you a report on all the instruments it analysed and a score for each of them... You know how to interprete a green +100 or a red -100 right?? Well, that is all what you got to do... All the hard work on analysis and trade opportunity search is done by them...

Another VERY useful stuff I noted with MARKETCLUB/INO is the ALERTS ... Yes, you can setup alerts.. What these do is... the SMART SCANNER will scan the instruments you chose in your portfolio and will EMAIL you the signals if there are trade opportunities... Is not this great !! Even if you did not find some time to loginto the site and scan the pairs yourself, the system will do it for you and notify you every single day... Or every week... depending on how you set the alert to work... Very useful stuff...

Among the other interesting sections that we get is the LEARNING CENTER where we can find many many trading resources... Many ebooks, audiobooks, videos and other learning stuff... Going through them will make you a better trader in the least amount of time... These resources are well kept under various categories such as money management, trading etc...

Among the other strong points of this service, you will be benefitting from many free stuffs and videos.. INO.TV is free...

I will be posting about this great service from time to time... To go to the site, you can click on the banner above... I will be writing about each individual service very soon.... But believe me guys... this thing is really worth the money...

Forex Trading System Service!

2008-09-22T05:32:00.003+04:00

Do you own a trading system that does not makes money for you?

I offer 3 options to you.

1/- I can create customize forex trading method for you.
2/- I can fix your existing forex trading method.
3/- You can select a forex trading system out of 4 profitable trading systems.

Duration is 4 weeks and at the end of 4 weeks I will provide
you my own $ 1000/- Live account to practice. A trader
needs a partner, a friend, mentor who'll guide him at the
time of live trading. Now when I provide you my money then
we are going to trade together like partners. You will not
share any loss at my account but yes you will share 50%
profit at my forex account if you make profit.

We are going to grow together this US$ 1,000- LIVE trading
account at least for next 30 days. You will open trades with
your own hands. I will watch & guide you.

Link : http://www.readyforex.com/Forex_Trading_Model.php

Kind regards,

-Muhammad Azeem
http://www.readyforex.com
=====================

Independant EA monitoring websites...

2008-08-07T14:35:00.001+04:00

Hi Guys

Been a while not updating here... I have been quite busy with personal stuff... And am still drown in in these stuffs... LOL

However I did find some time for a little update... There has been quite a few innovation on the forex scene... There are 2 new websites out there monitoring and reporting Expert advisors... They both use the trading report generated by metatrader 4.0 to calculate you trading stats and rank you according to your performance...

We should be happy to have such sites showing up because lately, forex pros and newbies alike have been infested with all kind of scams and holy grails... So, independant strategy monitoring is a nice and needed thing for us traders....

The first one I would like to introduce is EARESULTS.COM... Very good and simply website... You just register for free and you get a personal ftp box to upload your trading report to the EARESULTS.COM website... You just enter the ftp settings in your Metatrader 4.0 publisher settings and your are done... You have nothing to do more... your trade report will be sent automatically to the site and your performance, rank etc will be calculated and adjusted...

The second one is SM-FOREX.COM which I discovered just today.... This one too is good and does the same thing as the above site... The difference is in the way the report is sent to the http://sm-forex.com/ website. First there is an expert advisor which you need to download from them and run on your Metatrader 4.0... You put the EA on any pair or timeframe, in the settings of the EA you enter your unsername and password which you get when you register for a free account at SM-FOREX.COM... And voila.. done.. Nothing more, the EA will send the report to the SM-FOREX.COM server by itself and your performance and rank will be computed on the website...

Both of these websites are very good, so if you have a good expert advisor which you are developping, or if you want to get investors who will invest with you and get known on the scene... The I suggest you sign up in both of these sites...

Wishing you all the best and lots of pips...

Forex Managed Account 50% Profit Made - Readyforex.com

2008-07-10T23:10:00.006+04:00

Hi

I hope all of you are fine and keeping good health.

Return on investment:
I have generated 50% profit (ROI) with my swap free and
segregated forex managed account program
(From 14th March 2008 till now)

Real money trading account:
I am also providing real trading account number and password
to show a proof that my forex managed account program
is really profitable. (Seeing is Believing!)

Low 20% performance fee:
I charge 20% account management fee from profit per
month. The 20% performance fee automatically deduct
from client's trading account on a monthly basis. If I
failed to generate any profit after 30 days trading
period then client will not pay me 20% account
management fee.

Kind regards,
-Muhammad Azeem
http://www.readyforex.com
========================

Forex Trading Room - 2 Weeks Free Trial

2008-06-11T12:10:00.000+04:00

Hello Traders!

I hope you are fine and keeping good health.

Today, I have an exciting offer for you!
I am offering a 2 weeks FREE trial for my
subscription based "Online Forex Trading Room."

The current Forex trading room offer below salient features
1/- Read only chat with 30 seconds auto refresh.
2/- Intraday and Position Trading signals in 5 Currency pairs.
3/- Money Management.

For more details please visit the below link
http://www.readyforex.com/Trading_Room.php

This is a limited time offer and it will expire
after 23 JUNE-2008. So hurry up!
Also inform your forex friends about this free
and great trading opportunity.

:: Forex Hotline ::
I have started Ready Forex Hotline (live support)
Link: http://www.readyforex.com/contact.php

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
===========================

Very nice experience with FxOpen Broker

2008-05-13T20:20:00.001+04:00

I am having a very nice experience with FxOpen broker... formerly FxEgypt. The spreads are very competitive and the account settings and leverage are just fine... you can choose from 1:200 to 1:500

I used FxOpen to demo trade since last year and I also opened a few live accounts with them. The MT4 platform is great... NO freeze time or killing re-quotes like most of the more 'reputable' brokers. Till now, I have not had a single problem with them... neither on deposit, commission or withdrawal. No worries, if ever there is something bad about them, I will be the first one to point it out.

FxOpen is making its name in the forex scene and soon I feel that it will be come one of the best brokers around. Many people will use google search for FxOpen and usually will see some bad reviews about FxOpen, namely from a guy called Erlan.. many guys, just don't like digging for more information and will just take these bad recommendations as true... You should all know that the Erlan case(whole story here) was a whole made up by FxOpen former partners to ruin its reputation and name... obviously, they did succeed but not as much as they had wished because FxOpen is still here and I really think it is here to remain.

So follow my recommendation, you wanna open a small live account, or big one, it does not matter, just use FxOpen as your broker, you will really like it. If you have anything to say about this broker, good or bad.. leave a comment!

Not to forget, FxOpen provide many many ways to fund your forex account... much more than most brokers! Egold,CashU,EBullion,LibertyReserve,Wire Transfer etc etc All are accepted!

Laguerre and QQE Trading Strategy

2008-05-06T11:41:00.001+04:00

Currency EUR/USD 1 Hr

Indicators
Laguerre-RSI Fast:
Settings Common: Fixed Min -0.05 Fixed Max: 1.05
Inputs: Gamma: 0.55 Count Bars: 9500
Colour: Red
Levels: 1…0, 2…0.85, 3…0.45, 4…0.15

Laguerre-RSI Slow
Settings Common: Fixed Min -0.05 Fixed Max: 1.05
Inputs: Gamma: 0.85 Count Bars: 9500
Colour: Blue
Levels: …0, 2…0.85, 3…0.45, 4…0.15

Laguerre Filter Line: Settings: Gamma 0.55, Colour Black

QQE Indicator: The only setting changes are the smoothing factor I use a setting of 5. Colour: option 2 Red , Levels: Add a 50 line Red. All the alerts and other colour indicators I have disabled.

Stochastic Histogram: Settings 14, 3, 3,

The Euro has been in an upward trend for a long time now so for this trade we were looking to buy the dips. This was the setup for the long trade after a decent pullback.

On the above EUR/USD 1hr chart the red vertical line Crosses through the entry candle at 1.4554. Price has broken through the Down Trend Line and opened above the Laguerre Filter line shown by the blue highlights.

The QQE indicator has crossed to signal long. (Blue line crossing red line).
The fast Laguerre-RSI has crossed through the 0.15 Line (blue highlight).
The Stochastic and MACD also cross long to confirm the Buy.

The stop loss is set at the previous low of 1.4517 about 40 pips from our entry. The profit target is the previous swing high at 1.4663, 109 pips from our entry. The Risk to reward ratio is therefore 2.5:1

After rallying up to 1.4633 there was a small pullback before rallying long again to our target and above. On the second rally the slower Laguerre Rsi line also crossed through the 0.15 line. The QQE indicator also crossed through the 50% line whilst the faster Laquerre flattened out at the top.

All these were signals that the market was entering another strong uptrend.

Price normally crosses above or below the laguerre filter line when the faster Laguerre RSI crosses through the 0.15 (long) or 0.85 (short) line. It does give a good early indication of a reversal or pullback when the market is trending in a direction. The filter line also makes it easy to identify potential trades as it is on the actual chart and not below.

The reason for overlaying 2 Laguerre RSI indicators with different settings is that the slower (0.85) normally identifies the trend for that time frame and the faster (0.55) is used to enter the market within that Trend. The faster Laguerre also helps to identify pullbacks within a trend.

Download Indicators and Template

EUR/USD Financial Report - www.ReadyForex.com

2008-04-28T22:10:00.000+04:00

Hello Traders!

I hope you are fine and keeping good health.
Today, I am publishing my latest EUR/USD forecast.

:: First a quick round up of last report ::
Last week trade was closed with a profit of +50 pips because
market hit my protective trailing stop. I am out of the market
now with a profit of +50 pips.

In the current report, I have examined long term and medium
term charts of EUR/USD pair.

According to my calculations, the long term trend is still up
in EUR/USD pair towards 1.6346 and 1.9546.

For those who wants to read my complete EUR/USD forecast
with images etc.. then below is the downloading link

http://www.readyforex.com/Financial_Report_28_APRIL_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
========================

My Latest EUR/USD Forecast - www.ReadyForex.com

2008-04-18T16:36:00.000+04:00

Hello Traders!

I hope you are fine and keeping good health.

I am today updating my EUR/USD forecast.

The upside momentum is waning and I expect a
downfall in EUR/USD pair. Open sell at the break
of 1.5846 support level. There is no need to wait for
candle close in this trade. This trade is a counter
trend trade. So, use less lot size. Use money
management and trailing stop rules.

For those who wants to read my complete EUR/USD
forecast with image, entry, stop loss and profit targets
then below is the downloading link
http://www.readyforex.com/Financial_Report_17_APRIL_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
========================

AmbushForex- 50pips per Day Strategy + Free daily signals

2008-04-17T18:05:00.002+04:00

Proudly introducing AmbushForex... the cool and simple FREE strategy which will bring you 50 pips per day 'almost' guaranteed. The strategy is so simple and easy to implement that even forex newbies and starters can start having some fun and at the very same time, make some easy money with it.

This strategy can become your own bread and butter... maybe you have already spent so many dollars in purchasing forex stuffs which later proved themselves to be well packages scams.. Well no worries on this one since it is FREE ... save your hard earned bucks, study the system... practice for a few days or weeks are per your rate of progress and performance... then go live! Wish you all best of luck with this very easy system... 50 pips per day is the minimum that this strategy aims for... you can as well make 100 pips per day with it if you want to make an aggressive use of the strategy...

An advice, always start with consevative settings when using any trading systems... do not expose your account to risk which you cannot handle...

How To Become Successful In Forex Trading?

2008-04-16T23:30:00.002+04:00

Hello Traders.

Today, I have an e-Book for those traders who wants
to become successful in forex trading.

People wrote many FAT books on this topic. You can search
at Google and you will find many forex trading forums
and chat rooms that also provide some advice.

In this FREE PDF E-book I am presenting a step by step
right path, which, if adopted properly will lead to success in
financial markets.

:: Downloading Link ::
http://readyforex.com/Successful_Trader.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
==============================

EUR/USD Latest Forecast 10th April 2008 - www.ReadyForex.com

2008-04-10T13:44:00.000+04:00

Hello Traders!

I hope you are fine and keeping good health.

I am today updating my EUR/USD forecast.
Market takes out my protective trailing stop in last EUR/USD
sell trade and I am out of the market now with +50 pips in this trade.

Q: What’s next for the EUR/USD?
A: I have 3 options in my mind.

My first option is to buy around 1.5899 with stop loss 1.5773
First profit target is 1.6350 and second profit target is 1.6550

For those who wants to read my complete EUR/USD forecast
with image and 3 options then below is the downloading link
http://www.readyforex.com/Financial_Report_10_APRIL_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
============================

Forex EUR/USD and USD/JPY Forecast - Readyforex.com

2008-04-01T20:20:00.001+04:00

Hello Traders!

I hope you are fine and keeping good health.

My latest forecast of EUR/USD and USD/JPY currency pairs.

Sell entry in EUR/USD pair is open. I am in profit +160 pips.
It is time to move your stop loss and lock +50 pips.

Use protective trailing stop. If market moves against your position,
then you can still come out safely with +50 pips profit.

For those who wants to read my complete EUR/USD and USD/JPY
forecast then below is the downloading link
http://www.readyforex.com/Financial_Report_1_APRIL_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
============================

33% Profit Made In The Month Of March 2008 - www.ReadyForex.com

2008-03-29T21:59:00.004+04:00

Hi

I offer forex managed account service.
www.readyforex.com/managed_accounts_program.php

I have made 33% profit [return on investment] at my client’s
live trading account in the month of March 2008.

Writing about my managed account trading results does not
prove any thing. Anyone can write these type of figures and
it is easy to create a fake account statement to impress some one.

Due to this, I now provide live account number and password
[read only] for Alpari UK Meta Trader 4 as a proof. The live
account also shows that my forex managed account service
is profitable!

Note : This facility is only for those potential clients who are
interested in my forex video learning course and forex
managed account program services.

If you are interested in my services and you want to see
proof at live account then provide me your below details::

Your Full Name = ?
Your Country = ?
Your Trading Account Size = ?

Send your details at my email address
E-mail AZEEM777_PK@YAHOO.COM

Kind regards,
-Muhammad Azeem
Http://www.readyforex.com
==============================

High RPM(Return Per Month) EA - Small Investor wanted...

2008-03-25T23:48:00.001+04:00

LIVE FORWARD TESTING GRAPH (2 Months)

View Larger Image

Have a look at the equity curve above... is one of my close friend EA and is giving the most outstanding results... Its already 2 months of live forward testing and has been giving this great return or 260% in 59 trading days, now he thinks its time to put it on some real money... Also This EA been running 100% auto... no manual intervention and the forward test is still ongoing.

The aim of this post is to attract small investors, not much, only 2-3 because he just needs around 100usd to open a small micro account... so 25usd each with equal profit sharing at the end is his deal...

Anyone wishing to get on board with him or would be in need of more info, no hesitation, leave a comment here with you contact details and I will get back to you and we'll discuss the terms...

Will be waiting for your comment...

NOTE: Investment in Egold/LibertyReserve and WebMoney only

Forex EUR/USD and USD/JPY Forecast - Readyforex.com

2008-03-25T22:08:00.000+04:00

Hello Traders!

I hope you are fine and keeping good health.

My latest forecast of EUR/USD and USD/JPY currency pairs.
Market is moving with great volatility. So, little adjustment in my
entry orders is necessary.

EUR/USD pair is moving up well and this corrective rally probably
finds resistance around the 1.5783 to 1.5839 [wave B]

I am now looking to sell at 1.5783 resistance level with stop loss
above 1.5903. My first profit target is 1.5287 level.

For those who wants to read my complete EUR/USD and USD/JPY forecast
with images and risk to reward ratio etc.. then below is the
downloading link
http://www.readyforex.com/Financial_Report_25_MARCH_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
======================

Spot Forex EUR/USD Forecast - Readyforex.com

2008-03-23T23:42:00.001+04:00

Hello Traders!

I hope you are fine and keeping good health.

My latest forecast of EUR/USD currency pair.

I am expecting EUR/USD pair to move up to print Wave B
towards 1.5733 to 1.5738 resistance levels.

I do not recommend to buy at the current price level because
I have a sell plan in my mind around 1.5733 with stop loss above 1.5790.
My first profit target is 1.5396 level.

For those who wants to read my complete EUR/USD forecast
with images and risk to reward ratio etc.. then below is the
downloading link
http://www.readyforex.com/EUR_USD_23_MARCH_2008.pdf

Kind regards,
-Muhammad Azeem
-Http://www.readyforex.com
======================

Why the Dollar Bubble is about to Burst - A must read

2008-03-21T21:01:00.000+04:00

The Voice (issue 264 - 11th May) ran an article beginning, 'Iran has
really gone and done it now. No, they haven't sent their first nuclear
sub in to the Persian Gulf. They are about to launch something much
more deadly -- next week the Iran Bourse will open to trade oil, not
in dollars but in Euros' This apparently insignificant event has
consequences far greater for the US people, indeed all for us all,
than is imaginable.

Currently almost all oil buying and selling is in US-dollars through
exchanges in London and New York. It is not accidental they are both
US-owned.

The Wall Street crash in 1929 sparked off global depression and World
War II. During that war the US supplied provisions and munitions to
all its allies, refusing currency and demanding gold payments in
exchange.

By 1945, 80% of the world's gold was sitting in US vaults. The dollar
became the one undisputed global reserve currency -- it was treated
world-wide as `safer than gold'. The Bretton Woods agreement was
established.

The US took full advantage over the next decades and printed dollars
like there was no tomorrow. The US exported many mountains of
dollars, paying for ever-increasing amounts of commodities, tax cuts
for the rich, many wars abroad, mercenaries, spies and politicians the
world over. You see, this did not affect inflation at home! The US got
it all for free! Well, maybe for a forest or two.

Over subsequent decades the world's vaults bulged at the seams and
more and more vaults were built, just for US dollars. Each year, the
US spends many more dollars abroad that at home. Analysts pretty much
agree that outside the US , of the savings, or reserves, of all other
countries, in gold and all currencies -- that a massive 66% of this
total wealth is in US dollars!

In 1971 several countries simultaneously tried to sell a small portion
of their dollars to the US for gold. Krassimir Petrov, (Ph. D. in
Economics at Ohio University) recently wrote, 'The US Government
defaulted on its payment on August 15, 1971 . While popular spin told
the story of `severing the link between the dollar and gold', in
reality the denial to pay back in gold was an act of bankruptcy by the
US Government.' (1) The 1945 Bretton Woods agreement was unilaterally
smashed.

The dollar and US economy were on a precipice resembling Germany in
1929. The US now had to find a way for the rest of the world to
believe and have faith in the paper dollar. The solution was in oil,
in the petrodollar. The US viciously bullied first Saudi Arabia and
then OPEC to sell oil for dollars only -- it worked, the dollar was
saved. Now countries had to keep dollars to buy much needed oil. And
the US could buy oil all over the world, free of charge. What a
Houdini for the US! Oil replaced gold as the new foundation to stop
the paper dollar sinking.

Since 1971, the US printed even more mountains of dollars to spend
abroad. The trade deficit grew and grew. The US sucked-in much of the
world's products for next to nothing. More vaults were built.

Expert, Cóilínn Nunan, wrote in 2003, 'The dollar is the de facto
world reserve currency: the US currency accounts for approximately two
thirds of all official exchange reserves. More than four-fifths of all
foreign exchange transactions and half of all world exports are
denominated in dollars. In addition, all IMF loans are denominated in
dollars.' (2)

Dr Bulent Gukay of Keele University recently wrote, 'This system of
the US dollar acting as global reserve currency in oil trade keeps the
demand for the dollar `artificially' high. This enables the US to
carry out printing dollars at the price of next to nothing to fund
increased military spending and consumer spending on imports. There is
no theoretical limit to the amount of dollars that can be printed. As
long as the US has no serious challengers, and the other states have
confidence in the US dollar, the system functions.' (3)

Until recently, the US-dollar has been safe. However, since 1990
Western Europe has been busy growing, swallowing up central and
Eastern Europe . French and German bosses were jealous of the US
ability to buy goods and people the world over for nothing. They
wanted a slice of the free cake too. Further, they now had the power
and established the euro in late 1999 against massive US-inspired
opposition across Europe , especially from Britain - paid for in
dollars of course. But the euro succeeded.

Only months after the euro-launch, Saddam's Iraq announced it was
switching from selling oil in dollars only, to euros only -- breaking
the OPEC agreement. Iran , Russia , Venezuela , Libya , all began
talking openly of switching too -- were the floodgates about to be
opened?

Then aeroplanes flew into the twin-towers in September 2001. Was this
another Houdini chance to save the US (petro)dollar and the biggest
financial/economic crash in history? War preparations began in the US
. But first war-fever had to be created -- and truth was the first
casualty. Other oil producing countries watched-on. In 2000 Iraq began
selling oil in euros. In 2002, Iraq changed all their petro-dollars in
their vaults into euros. A few months later, the US began their
invasion of Iraq .

The whole world was watching: very few aware that the US was engaging
in the first oil currency, or petrodollar war. After the invasion of
Iraq in March 2003, remember, the US secured oil areas first. Their
first sales in August were, of course, in dollars, again. The only
government building in Baghdad not bombed was the Oil Ministry! It
does not matter how many people are murdered -- for the US , the
petrodollar must be saved as the only way to buy and sell oil --
otherwise the US economy will crash, and much more besides.

In early 2003, Hugo Chavez, President of Venezuela talked openly of
selling half of its oil in euros (the other half is bought by the US).
On 12 April 2003, the US-supported business leaders and some generals
in Venezuela kidnapped Chavez and attempted a coup. The masses rose
against this and the Army followed suit. The coup failed. This was bad
for the US .

In November 2000 the euro/dollar was at $0.82 dollars, its lowest
ever, and still diving, but when Iraq started selling oil in euros,
the euro dive was halted. In April 2002 senior OPEC reps talked about
trading in euros and the euro shot up. In June 2003 the US occupiers
of Iraq switched trading back to dollars and the euro fell against the
dollar again. In August 2003 Iran starts to sell oil in euros to some
European countries and the euro rises sharply. In the winter of 2003-4
Russian and OPEC politicians talked seriously of switching oil/gas
sales to the euro and the euro rose. In February 2004 OPEC met and
made no decision to turn to the euro -- and yes, the euro fell against
the dollar. In June 2004 Iran announced it would build an oil bourse
to rival London and New York , and again, the euro rose. The euro
stands at $1.27 and has been climbing of late.

But matters this month became far, far worse for the US dollar. On 5th
May Iran registered its own Oil Bourse, the IOB. Not only are they now
selling oil in euros from abroad -- they have established an actual
Oil Bourse, a global trading centre for all countries to buy and sell
their oil!

In Chavez's recent visit to London ; he talked openly about supporting
the Iranian Oil Bourse, and selling oil in euros. When asked in London
about the new arms embargo imposed by the US against Venezuela, Chavez
prophetically dismissed the US as 'a paper tiger'.

Currently, almost all the world's oil is sold on either the NYMEX, New
York Mercantile Exchange, or the IPE, London's International Petroleum
Exchange. Both are owned by US citizens and both sell and buy only in
US dollars. The success of the Iran Oil Bourse makes sense to Europe ,
which buys 70% of Iran 's oil. It makes sense for Russia , which sells
66% of its oil to Europe . But worse for the US , China and India have
already stated they are very interested in the new Iranian Oil Bourse.

If there is a tactical-nuclear strike on - deja-vu - `weapons of mass
destruction' in Iran, who would bet against a certain Oil Exchange and
more, being bombed too?

And worse for Bush. It makes sense for Europe , China , India and
Japan-- as well as all the other countries mentioned above -- to buy
and sell oil in Euro's. They will certainly have to stock-up on euros
now, and they will sell dollars to do so. The euro is far more stable
than the debt-ridden dollar. The IMF has recently highlighted US
economic difficulties and the trade deficit strangling the US-- there
is no way out.

The problem for so many countries now is how to get rid of their
vaults full of dollars, before it crashes? And the US has bullied so
many countries for so many decades around the world, that many will
see a chance to kick the bully back. The US cannot accept even 5% of
the world's dollars -- it would crash the US economy dragging much of
the world with it, especially Britain .

To survive, as the Scottish Socialist Voice article stated, 'the US ,
needs to generate a trade surplus to get out of this one. Problem is
it can't.' This is spot on. To do that they must force US workers into
near slavery, to get paid less than Chinese or Indian workers. We all
know that this will not happen.

What will happen in the US ? Chaos for sure. Maybe a workers
revolution, but looking at the situation as it is now, it is more
likely to be a re-run of Germany post-1929, and some form of
extreme-right mass movement will emerge.

Does Europe and China/Asia have the economic independence and strength
to stop the whole world's economies collapsing with the US? Their
vaults are full to the brim with dollars.

The US has to find a way to pay for its dollar-imperialist
exploitation of the world since 1945. Somehow, eventually, it has to
account for every dollar in every vault in the world.

Bombing Iran could backfire tremendously. It would bring Iran openly
into the war in Iraq , behind the Shiite majority. The US cannot cope
even now with the much smaller Iraqi insurgency. Perhaps the US will
feed into the Sunni v Shiite conflict and turn it into a wider
Middle-East civil-war. However, this is so dangerous for global oil
supplies. Further, they know that this would be temporary, as some
country somewhere else, will establish a euro-oil-exchange, perhaps in
Brussels .

There is one `solution' -- scrap the dollar and print a whole new
currency for the US . This will destroy 66% of the rest of the world's
savings/reserves in one swoop. Imagine the implications? Such are the
desperate things now swimming around heads in the White House, Wall
Street and Pentagon.

Another is to do as Germany did, just before invading Poland in 1938.
The Nazis filmed a mock Polish Army attack on Germany , to win hearts
and minds at home. But again, this is a finger in the dam. So, how is
the US going to escape this time? The only global arena of total
superiority left is military. Who knows what horrors lie ahead. A new
world war is one tool by which the US could discipline its `allies'
into keeping the dollar in their vaults.

The task of socialists today is to explain to as many as possible,
especially our class, that the coming crisis belongs purely to
capitalism and (dollar) imperialism. Not people of other cultures, not
Islam, not the axis of evil or their so-called WMDs. Their system
alone is to blame.

The new Iranian Oil Bourse, the IOB, is situated in a new building on
the free-trade-zone island of Kish, in the Persian Gulf. It's
computers and software are all set to go. The IOB was supposed to be
up and running last March, but many pressures forced a postponement.
Where the pressure came from is obvious. It was internationally
registered on 5th May and supposed to open mid-May, but its opening
was put off, some saying the oil-mafia was involved, along with much
international pressure. Just google `pertroeuro', and the story lies
before you.

From now on, anyone in the know will wake up every morning and, even
before coffee, will check out the latest exchange rate between the
euro and dollar.

The Probability Meter - Revolutionary MT4 Trading tool...

2008-03-06T20:05:00.002+04:00

Hi All

Proudly introducing, The Probability Meter, an excelling robust and revolutionary tool which will change the way you trade forever...

No more eye soaring hunt of the market trend, this tool is here to make the trend jump on your face. One look and you know where the trend is going, how strong it is and when to jump in and ride the wave... isn't this fantastic?

You might be saying, huh? Another promotional crap but thats not the case pals, I purchased my own copy the very time I hear and learnt about it and believe it or not, I am having great fun with it.

See the screencaps above, this is the very look the indicator will output on your screen, can be used on any pair of your choice and also, can be customized by adding 2 of your best indicator inside so that you will never have to watch multiple indicator widows or switch timeframes each and every minute. The Probability Meter gives you a global look on a currency and how it is behaving. It also gauges the trend strength and present this to you is a very neat little output... no more hunting for the values or curves... with this tool, all this is over.

Whether you want to scalp the short term trend or play it long term, this tool will help you make the right decision and stay on the right side of the market... who like big drawdowns and small profit?? This tool is here to avoid this and make you a better and more profitable trader.

So, if you wanna purchase your own copy, leave your contact email here in comment or simply go to the authors website by clicking on the uppermost banner.

The author is loyal and honest person and results are guaranteed. Read more info from the official website or from the pdf file below.

PDF Link

Have Paypal... need LibertyReserve or EGold

2008-03-02T21:20:00.000+04:00

Hi Guys

I have some paypal money which i want to exchange against LibertyReserve or Egold E-money. So if anyone wanna do the exchange for me, I would be delighted. If you want to do it, so please contact me. Leave a comment here and leave a contact email. I will contact you as soon as i see your comment. Also don't worry, all comments are moderated and I will not publish your email.

Thanks.

The Power Of Compounding Your Returns

2008-02-27T21:41:00.001+04:00

It was once said by Albert Einstein that compounding is the most powerful force in the universe. Whether or not you subscribe to such statement, it is without debate that compounding does offer phenomenal results in the investment world. With a systematic plan, you can parlay your profits from trading in the foreign exchange (FOREX) market to a substantial fortune. Here's the plan:

Get A Dependable Strategy

There are many strategies available for achieving profits on a consistent basis. Of course, you will
inevitably experience some losses along the way. The trick is to minimize not only the number of losses but also the amount of each loss you will suffer. Do not be sucked in by products or training programs claiming that you will be successful with every trade you make. Also, do not be dazzled by programs which offer little more than extravagant bells and whistles or those that promise overnight riches. It is not necessary to pay an arm and a leg for an effective program which provides workable strategies. In fact, some of the simplest, and consequently least expensive, strategies have generated results as impressive as those you might pay big money for.

Aim For Conservative Profits

The temptation to make fast money almost always leads to the sin of overtrading. Overtrading can take the form of trading when you should not be doing so or taking positions involving an
unreasonable degree of risk. Avoid the temptation by remaining focused and loyal to yor long-term objective. You should also carefully observe and study the market for well-planned trades. You may choose to confine your trading to one or just a few currency pairs so that you can gain a more in-depth knowledge of the behavior of that particular niche.

Once you have a sense of the pulse, you can start trading with a conservative daily goal of, let’s say, 1 percent of your entire margin or balance in your account. If you can keep up that average for 20 trading days per month, then your return for that month will be at least 20 percent. Remember, in the world of FOREX, 1 percent per day is certainly achievable with the right training, discipline and strategy. In fact, many traders routinely average 3 to 5 percent per day. Obviously, the reward potential is greater when more risk is taken. But one percent is plenty enough to achieve outstanding results by year end.

Reinvest for Exponential Growth

When you first start, 1 percent may seem quite small both in terms of percentage as well as in absolute dollar gains. However, once you start to reinvest a significant portion of your profits, you will quickly see that 1 percent daily adds up fast. As do many traders, you may want to withdraw a small portion of your profits at regular intervals to give yourself a feeling of realized accomplishment.. But, leaving the lion’s share in your account for reinvestment will be the key to your real achievement. If you would like to test this hypothesis, use different variables in your calculation of profits where you start with $1,000 as your margin. For instance, compounding $1,000 at 20 percent per month yields a total balance of approximately $9,000 over 12 months and almost $80,000 over 24 months. Of course, you have to deduct your broker’s spread and Uncle Sam’s cut. Still not bad though, huh?. Well, what are you waiting for? Get started today.

Forex SmartS Piece of Cake Strategy

2008-02-26T13:44:00.001+04:00

Hi Guys

Here is a great share of our friend Rodrigo... he did a little tweak to the original Forex SmartS system and came up with this one, something which is better, simpler and more powerful according to him. Please read below, I pasted everything verbatim from his blog. Don't forget to pay him a visit.

Hello guys!

I've been developing this new strategy, witch is very simple but very powerfull! This is not the ForexSmartS typical trading strategy, it's just a handy trick! ;)
I call it ForexSmartS Piece of Cake! (no coke, Loki, cake!)

I've just tested it on EURCHF pair, witch is a very technical one, and on demo account. I'm starting the Real Trading with this strategy today, and I'd be glad if you could test it with me!

I use a NonLagMA witch is a common Moving Average but with a improvement indicates the angle changing by changing colors; and the stochastic oscillator. ONLY. (download with template above)

Differently from ForexSmartS typical, this strategy has a TARGET and a STOPLOSS. For those who were critical about no stops, that's your chance!

As this is a technical-only strategy, I suggest you to have a good money management strategy. But, that little pips can make you a few beers on the weekend :)

So, already curious? Click here to download the template and the indicator.
Unpack it into your MT4 folder and load the template at a EURCHF(H4) chart. That's what it must look like:

All you have to do is wait for a PERFECT MATCH, I'm not into explaining what is a match with words, but a picture says more than a thousand words. This are MATCH exemples:

Zooming in:

And to be clear this are NO MATCH exemples:
Match? Go on and enter your trade.
Just to be clear for those who have fallen from the cradle when baby and will certainly ask, the green stoch line must cross UP the yellow one and the NonLagMA get blue for LONG positions, and vice-versa for SHORT positions. (lol, just kidding :D)

I make it like that, I open three positions. All them with stop-loss set to 50 pips.
I set the first of this three trades TP to 30 pips, the others, just leave it with no target. When this first reaches the TP level, you set the seccond trade to +30 pips TP and it's stop to 20 pips from the opening. Do the same again with third trade.
Was that clear?

Target 1 : 30 pips
- When reached:
Target 2 : 60 pips (set stop to 20 pips to garantee profits)
- When reached:
Target 3 : 90 pips (set the stop to 40 pips to garantee profits)

Don't use any other stuff to close the trades, kinda color changig or something like that. Just the TP and SL.

** Tip: Wait for the next candle opening before entering a position, because NonLagMA variates it color withing the active candle, so, wait it to confirm the color before enterning! **

And here is a manual backtest done for this system on the EURCHF pair.

This is a backtest of mine. I could post a statement, but I didn't trade only this strategy on my demo account. So, I've done it manually. You can check if you want, since you have the profile and the report in hand.

Waiting for your comments!
C ya!

EUR/USD Financial Report 25-FEBRUARY-2008

2008-02-25T14:03:00.003+04:00

Hi

I hope all of you are fine and keeping good health.

I have published weekly financial report.

::DOWNLOADING LINK::
http://readyforex.com/Financial_Report_24_FEB_2008_READYFOREX.COM.pdf

KIND REGARDS,
-MUHAMMAD AZEEM
-HTTP://WWW.READYFOREX.COM

ForexGrandMaster Free Forex signals service

2008-02-11T17:24:00.000+04:00

Hi Everyone

I recently found about a new free signal service with a very good past and present performance. All the signals and calls are sent via Yahoo or email. And its absolutely free at the time of writing. I have followed some of the daily signals and they came out to be very successful trades. So if you are having problems to do your own analysis or take trade decisions, you can give these guys a try. They will also advise you on money management and everything surrounding the trading scene. I am pasting below some text copied directly from their website and blog.

Welcome to http://www.forexgrandmaster.com/

Our Trading Strategy

1. Money Management

As we provide free signals on almost every currency but preference is on GBPUSD, GBPCHF, GBPJPY, AUDCAD, EURUSD.
We provide signals frequently and ranges from extremely short term(1-4 Hrs.) to medium term(2-3 Days).
We Recommend (Strictly) to invest only 3% or 5% or 7% of available margin in each trade . And its too depend on the risk appettite of the individual.
3% For Risk Averters (Low Risk Takers)
5% For Moderate Risk Takers
7% For High Risk Takers
Available Margin----- Here availale margin means balance margin which is available for next trade.

Example--- Suppose available margin is 10000 USD and no position is opened. Now Suppose a Long position is opened in GBPUSD at 1.9650 for the TP 1.9680 and is still open and in -20 pips.

Since we are already using 10000x3% or 5% or 7% i.e. 300 or 500 or 700 USD depending on the individual risk appetite in GBPUSD long position and this position is in loss of -20 pips so we may have balance margin of USD 9740 or 9400 or 9160 available for the next trade.

Now any new signal comes then we will use 3 or 5 or 7% of balance margin available in that trade.And trading going so on if further any new signal comes.
This strategy works on both side in case of worst cases it saves us from margin calls and on the other hand in successs trades cases it gives return on total margin i.e. on cumulative basis.

One other benefit is that we don’t use often SL since and let remain position open and we met target even have seen big virtual loss (not booked) in any trade. If we closed our position early because of fear of loss and after that our previous target met, in this condition we feel regret .

Some other Strategies

1. Double Quantity Technique (DQT):- It is well known fact like other market forex market is not certain and risk is also the part of forex market.
Some time when any signal is given it might be price go in opposite direction after the signal, in this situation we use Double quantity technique to make best possible average of the trades by adding another quantity with double quantity than previous one in the same pair. And for this signal lower the TP to make lower the risk.

When this Double quantity order gets closed it gives us two benefits:-
i) Effectively Double pips since we have used double quantity
ii) Make Average price of the previous order and price become lower and we can exit at much early price by revising new target if feeling not better in the trade.

2. Four Times Quantity Technique (FTQT) :-

Same as DQT we often use FTQT if price reach far away from our first trade to make the average price more better. This is used rarely because highly risky.
Benefits same as DQT

Important Note:-

The above mentioned techniques works well if we follow our money management strategy strictly.And maintain our backup for any disaster.So please never use greater amount of margin in any trade. Be on safe side.
There is a good saying “ Earn safe and earn long even it is little”

3. Hedging:-

Hedging is defined as holding two or more positions at the same time, or after some time later then first position in opposite direction where the purpose is to offset the losses in the first position by the gains received from the other position.
Usual hedging is to open a position for a currency A, then opening a reverse for this position on the same currency A. This type of hedging protects the trader from getting a margin call, as the second position will gain if the first loses, and vice versa.

However, traders developed more hedging techniques in order to try to benefit form hedging and make profits instead of just to offset losses.
In this you can gain as well as save yourself from margin call. In our signals we also often use this technique and successful most of the times.But it requires a lot of consideration.

It is very important not to get a margin call. This can be maintained by a large equity, or a fast efficient way to transfer money between brokers.

Problems:-
There are some genuine problems of investors , traders that their brokers provide that certain mimimum quantity is mandatory to trade.
In this case we suggest you to either manage ur margin money according to our system or change your broker to a flexible one where you can trade with small margins. And easily can avoid margin calls.

Note :- If you need further assistance please do not hesitate and mail to us at contact@forexgrandmaster.com or join us at yahooid forexgrandmaster or skype id forexgrandmaster.

Risk Disclosure: Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, futures, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

P&F or Point and Figure Charting for Forex

2008-02-09T15:57:00.000+04:00

GPB/USD on a Standard Candlestick Chart: 9/24/07 - 10/22/07

GPB/USD on a Point & Figure Chart: 9/24/07 - 10/22/07

Hi Guys/Gals,

As usual, I try to broaden my trading knowledge in the weekends or whenever I get some free time. This weekend I have been doing some more research on something which I found during the week. Its something new to me and I have not heard or see about it in the past. It is called Point and Figure Formula and its a type of charting price movements without taking the time aspect into consideration, only price alone. This method of charting instrument movement have been discovered very early in the 1980s I think but nowadays, traders in general have abandoned this type of charting and are using more technical indicators like the RSI and the MACD. But through my research, I have found that some people are still using it and are having nice result on the way.

The benefits of using this type of charting is very advantageous. First of all, it will filter lots of noise from the moves, and as you know, these noise are just too much on the Forex market, especially on the lower Timeframes. Secondly, this type of charting does not lag behind price, as most indicators these days do. Its somehow like a leading indicator. And thirdly, you can use simple tools like trendlines, support and resistance, 1-2-3 formations and other price patterns to make trade decisions. Also, reversal patterns are much more noticeable in this type of charting. Buying bottoms and selling tops is our dream :D ... Till now, I find that this type of charting is very tempting and would like to give it a try. From what I have read, it is also very similar to Renko charts.

If you have more information of the P&F a.k.a Point and Figure Charting and would like to share, please leave a comment here.

I have found P&F stuffs,tutorials and information from these sources:

http://www.pointandfigure.net
http://www.archeranalysis.com/beb/P&FCharts.htm
http://en.wikipedia.org/wiki/Point_and_figure_chart
http://stockcharts.com/help/doku.php?id=support:understanding_pnf_charts

I am also looking for a P&F indicator for MT4 and books on it ... If you have any, leave email. I will get in touch with you.

Free US$ 1000/- Live Trading Account

2008-02-05T21:30:00.000+04:00

Hi

This is Muhammad Azeem from http://readyforex.com

Today, I have an E-book for YOU.
I am sure it is unique because it is some thing that is
rarely available in forex trading.

LINK : http://readyforex.com/US$_1000_LIVE_ACCOUNT.pdf

KIND REGARDS,
-MUHAMMAD AZEEM
-HTTP://WWW.READYFOREX.COM

Forex Smart S System to beat the Market

2008-01-21T19:43:00.000+04:00

Hi Guys

Here is a very powerful manual trading system for you. It was developed by my great friend Rodrigo Gonçalves, from Brazil. He has already been in forex for over 2 years and his system is giving him lots of pips each and every month... am not talking about 400 or 500 pips, but rather 4000 and 5000 pips per month... Yes ! thats very true.. simple system which works, thats what we want. If you want to spread the strategy, be sure to give Rodrigo Gonçalves the credits he deserves. Also you can visit his blog very often as he will often post his analysis, insights and views. I am pasting his system here directly verbatim as it is on his blog.

Setting up EUR/USD 4H.

As I explained in the last post: the mass move the most;

From now on I'll show the chart's configuration I use, and explain how to earn money from them;
I prefer 4H charts, that are less volatile then short-therm ones, and much more profitable. So I'll start 4h ones:

This is my E/U 4h chart.

As you can see it has a clean visual witch helps with the stress of hours of trading.
The indicators config:
BLUE - Moving Average
Period: 8
Shift: 0
MA Method: Linear Weighted
Apply to: Typical Price (HLC/3)

GOLDEN - Moving Average
Period: 21
Shift: 0
MA Method: Linear Weighted
Apply to: Typical Price (HLC/3)

DARK RED DOTS - Parabolic SAR
Step: 0.0026
Maximum: 0.5

GREEN - Stochastic Oscilator
%K Period: 12
%D Period: 12
Slowing: 5
Price Field: Close/Close
MA Method: Exponential
Fixed minimum: 0
Fixed maximum: 100
Add 2 additional Levels, 60 and 40. Remove 50 level.

RED LINE WITH GREY BARS - MACD
Fast EMA: 8
Slow EMA: 21
MACD SMA: 1
Apply to: Weighted Close (HLCC/4)

RED NUMBERS UNDER THE LAST CANDLE - Candle Timer
Just helps to see how much times still rest for the candle to close.

----------------

Entry signal:
Blue MA cross over the Golden EMA.
- If the Parabolic SAR is supporting(above the chart as in the picture) only LONG entries must be taken.
- If there's a MA cross in the oposit way of the SAR, then the SAR changes sides within 5 candles before the crossing, you are allowed to open that position, cause the trend has changed.
- If the Parabolic SAR is making resist (above the candles), then just take SHORT positions.
- If the Parabolic SAR is making support (underneath the candles), then just take LONG positions.
- The MACD helps you to see the crossover and avoid wrong signals. Wait until the crossover is confirmed by the MACD! Don't try to be the Smart S.
Write those two beneath, each one in the back of your hands, so you can keep your eyes on that while you type on your keyboard:
- Do not buy overbought currencies.
- Do not sell oversold currencies.

Exit signals:
If on a Long position, the Stoch must go UP the 80 level, and then go down. When it completly cross the 60 level you added, that's the right time to close your trade. When short, it must do the same, but going down the 20 level, then cross up the 40 level you added.
If a new MA cross appears - witch must not happens before Stoch crossing levels- close the trade, because it was a fake signal, witch is rare in this TS.

Profits shown:
This is a actual chart, as you can see, the clock on the matches the time I'm posting it. So, let me show you the profits:Who is good on math? 60+70+90+160 = 380 pips in the last 3 weeks. And I didn't had to get stressed or make huge analysis. That's simple.
So, a little more math?
380 pips / (5 business day * 3 weeks) = 380/15 = @ 25 pips/day.

And that's just one pair.

See you folks.

TRADING MIND Ebook

2008-01-18T17:10:00.000+04:00

Hi

I hope all of you are fine and keeping good health.

This is my first post in this blog. So, let me first introduce myself.

My name is Muhammad Azeem and my website is www.readyforex.com
I have spent a great deal of time and money in Forex market and I have 7 years of experience in SPOT Forex. I designed and developed my own "Smart Trader" Forex video learning course. I also run my own Forex trading room. I teach people how to trade the SPOT Forex market successfully. I have students in USA, Europe, Middle East and Russia. I know exactly how people lose money and what are the weaknesses that lead a new trader towards failure.

Here is a PDF e-book for YOU.

LINK: http://www.readyforex.com/TRADING_MIND.pdf

If you want to get in touch with me, leave a comment here.

KIND REGARDS,
MUHAMMAD AZEEM (FOREX MENTOR)
HTTP://WWW.READYFOREX.COM

Guide to Profitable Day Trading - Rob Moubray and Ken Marshall

2008-01-13T14:40:00.000+04:00

Following some of your requests, I am pleased to provide you this very good work from Rob Moubray and Ken Marshall. This book is pretty well written and it covers most of the basics ( some advanced too...) which anyone new to forex trading will NEED to know. Trading is not a game... if you are new to forex, you should know that. If you take and believe that forex is a game, then I am real sorry for you. This book is very good to give the newbies, the first impressions regarding the forex markets, you will get familiar with the basics such as spreads, brokers, trendlines etc etc. After completing your read, I am sure your view on forex will change and you will be seeing the markets more objectively.

If you are already familiar with the markets, then this book will not bring much to you. But who knows, maybe there is still something which you will find in this book and not find in others... Enjoy your read and good luck

Download
Password: http://forexkid.blogspot.com

Expert Advisor (EA) Programming for Metatrader 4

2008-01-08T10:36:00.001+04:00

I am glad to let you all know that I have partnered with some EA programmers so that I can provide an Expert Advisor programming service for all those interested at a very affordable price. These programmers are well-versed in their field and will deliver the best out of your programming requests. They are here to transform your coding ideas and theories into fully working Expert Advisors (Automated Trader) for you MT4. When the work is done, you will get the full source code with no kind of restriction and all details are fully negotiable. We have already worked for a few clients and they are more than happy for what they got. If you are looking for a programmer to code your EA at a price which you can pay, don't look any further... Just contact me. Leave your contact details in the comment below and I will contact you back.

All the best

The Best Earning Opportunity... after FOREX

2007-12-11T13:23:00.000+04:00

Hi Guys

So...

You find forex too risky.... or you find it too difficult to make trade decisions... or it just stresses you much that you want to run away from it... No worries... I got something real good for you.

Forex indeed has much more profit potential, but again, to be able to squeeze the juice out of the forex market, you will definitely need to be, not a good, but a Best trader.. and thats not always the case for many who decide to try forex.

So again, no worries... as i said, i got something for you. Its really good and can make you lots of dollars per month. Best of all, its very easy... very simple. No complex decisions or analysis. Its just as I said... the best earning opportunity after forex trading as I see it. You know that I have always been honest here.. always share good stuffs... am not here to screw you pals ! ! !

The opportunity is worldwide and you will be getting your paychecks every single month. If you want to know more about it, go ahead... download the file below. It contains a movie and an internet shortcut to take you to the free 1 week trial page. BUT......... yes ....... there is a BUT.... MAKE SURE YOU WATCH THE MOVIE FIRST!!

If you want to contact me, you can reach me on skype and yahoo messenger. My is is BOSSXERO. Hoping to talk to you soon. I wish you all the best.

Download the file that may your life

My best regards.

Here is Public Skype Chat for me and my team

Successful GDI members sit here... JOIN US! hosted by bossxero.

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Chat about what's on your mind. More about public chats.

Wolf in Sheep Clothing!!!

2007-12-10T23:23:00.000+04:00

"Et tu Brute?"

These last words of Julius Caesar may well be your last
words to your FX broker.

Why?

Because most of these folks are your number one enemy.
They smile to your face, beg for your business, hype up
their benefits... and then stab you in the back.
Here's why...

It's a proven, hard, cold fact that 95% of all FX traders
lose money. Someone's got to broker the deals and someone
needs to make a profit. So, being business savvy, they set
themselves up to win when you LOSE.

This means that whether you like it or not - and whether
they'll admit to it or not - everything in their business
model is designed to help you lose money in the Forex
market.

Yup, every scrap of advice and every bit of encouragement
these folks offer will eventually put you on a path to
losing pip after pip.
Reality bites, but there it is.

Now, in fairness, not all FX brokers out there are set up
like that. But about 95% of them are. How do you know who
you can trust and who you can't?

There is one massive indicator. If you see this one thing,
turn around and run. If your current broker has got it,
then get out fast because they are praying you'll be one of
the unfortunate FX minnows that gets eaten by the sharks.

It's called a Dealing Desk

Any retail brokerage firm with a dealing desk is taking the
other side of your trades.

In other words, when you win, they lose and when you lose,
they win.
Which do you think is going to happen more often?

What you need to do is find a brokerage firm that does not
have a dealing desk. These folks only make their money
through trading volume, not by plundering your profits - or
losses, as the case may be. All they do is pass your
trades along to the true inter-bank market (banks), which
compensates them for volume.

This scenario means that they actually want you to win on
each and every trade. Why? Because folks that win at FX
stick around and do more trading.

Folks that lose get eaten alive. They go home licking
their FX wounds and fretting about how they're going to
tell their spouse that the old retirement fund just got
sucked down by the "market". You can bet the losers don't
come back too often to take another beating, so their trade
volume over time is low.

The Truth about "dealing desks"?

Source: Collected from the net

Pinball Trading Strategy

2007-12-09T20:16:00.000+04:00

Another cool strategy with a cool name. The ones that I like... the one which focuses on pure price action rather than running after all types of indicators. Well, the strategy do use indicators but they are leading indicators. For those who do not know, leading indicators are trendlines, fibo levels etc. Take the time to learn and master this strategy. You will definitely find it very useful and will add it to your trading toolbox. Download the file to read about the whole strategy. Here is a little snip from the article...

The technique I will describe below is a great opportunity to jump in a trade. The set of rules that I describe can be used as a Forex system. I have heard many names for this technique with the most successful one called the "Pinball Trade". It is the first system I learned and applied successfully during my long trip in Forex research. Experiment with it and see the results on your own. For now let's see how this system is applied.

Password: http://forexkid.blogspot.com

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The Doubling Down Forex Trading Strategy

2007-12-09T20:03:00.000+04:00

This article is to discuss using mathematical probabilities to your advantage in a successful forex trading system. I'll try to make it simple to explain.

If you have a trading system that utilizes a 100 pip target (TP) and 100 pip stop loss (SL), it should have a 50/50 chance of winning if trades are entered at random over time. It'd be like flipping a coin. The TP and SL would have to be adjusted since you are closer to the SL as soon as you enter a trade. But let's keep it simple theory for now.

So this article was written by a maths geek who focusses more on maths probability theory than trend prediction etc. This area might be completely new to you as the reader by again, its good to widen your sight and keep an open mind on all the trading theories that are lurking around. This will add to your knowledge and experience which you can merge together later to create your own success. So go, download the file and start reading this great article from start to finish.

Password: http://forexkid.blogspot.com
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Slingshot Forex Reversal Strategy

2007-12-09T19:35:00.000+04:00

A slingshot reversal is a reliable forex trading pattern and is defined as a false breakout + reversal and occurs when a major support or resistance point is broken but the currency price does not hold below support or above resistance and moves back into it's previous trading range. The below picture shows a slingshot reversal pattern for the GBP/USD on the 1 hour chart.

The best part with system like these is that they rely on pure price action and not on indicators. As you must already know, the best of all strategies are strategies which make use of pure price action and analysis. Indicators tends to lag behind price and you will be having the problem of lae entries and false signals constantly. If you give this system a try, you will surely love it.

Password: http://forexkid.blogspot.com
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Placing better stop....

2007-12-09T19:24:00.000+04:00

The importance of well-placed stop orders to a FOREX trader cannot be over emphasized. The margin percentage required in a typical FOREX account is so small that a fully leveraged trader could easily lose a substantial amount of their net worth from a single position if it moves too far in the wrong direction. The name of the game is risk control and the key tool for protecting your account from substantial losses is the stop order.

That being said however, I do know some traders who claim never to place stops. Usually the rationale for this is that their trades are very short term (on the order of just a few minutes) and they are watching the market during the entire trade, finger twitching on the exit trigger ready to bail out at the first sign of trouble. Even when I counter this with arguments that a stop will provide the discipline needed to avoid the "deer in the headlights" syndrome or that stops can protect them when their system crashes, I still meet with stern resistance to the use of stops. Eventually I came to understand that this resistance can stem from the frustration of being stopped out of good trades much too often.

And frustrating it is! In 2004 I opened up my first FOREX account with just a few hundred dollars in order to test out the waters a bit. I figured, "OK, how hard can this be? I'll just set my targets at three times the distance to my stops so I'll have a 1:3 risk/reward ratio. Then, all I need to do to make a profit is be right more than 25% of the time on my trades. Any dolt can do that, right?" Well this dolt apparently couldn't, because about a dozen trades later I think I may have hit my target about twice. Every other trade was stopped out. Unbelievable. What was happening?

So, at this point, you must have already realized how important is the place where you place your stop losses. Placing the right stop in the right place will guarantee your success in trading. So go one, download the document and read this great article written by great minds.

Password: http://forexkid.blogspot.com
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1-2-3-4 Forex Trading System

2007-12-09T17:53:00.000+04:00

Here is a cool little strategy that will make you pips on and on if you happen to master it. In fact its almost the same as the 123 system and an extra step which is the point 4. For those who do not know what is the 1-2-3 system and have no idea about it, please be informed that the 1-2-3 is a price pattern which shows up on your charts on and on. It is the most occurring pattern on price charts since the dawn of the markets. Traders have been trading this pattern and and on and are still trading it successfully. We can say that this system has passed the test of time. Also, its not a complex system, very easy to implement once we get used to it. The pattern formation is pure price action and we do not need indicators to detect it. Indicators are only used for confirming entries. I am providing you the download file below, study carefully and start harvesting your pips.

Password: http://forexkid.blogspot.com
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Carry Trades - What do they mean?

2007-12-08T23:54:00.000+04:00

There are really 2 different meanings of the term "carry trade". Among those of us who trade in Forex it can mean that you are holding a trade overnight for a period of more than one day and in that case you are charged or credited the interest rate differential between the 2 currency pairs. However, many brokers make up their own interest rates so that they are consistently over twice as high on the negative side as on the positive. Very few brokers have interest rates that actually represent the difference between the 2 countries' interest which obviously would be equal on the positive and negative side because it is a difference between 2 numbers.

In the financial world that extends beyond our niche of spot Forex, "carry trade" refers to all the investments among large funds and institutions in which they hold a currency to earn that interest over time. Apparently their investments may not be spot Forex currency pairs but could be the actual currency or other investments that are tied to that currency. Someone more knowledgable about that area could explain it better but for practical trading purposes in spot Forex a "carry trade" can just mean a trade that is held for more than one day in which interest is charged or credited. Interestingly the majority of traders only hold trades for less than one day, but I normally only enter a trade for a minimum of 3 days.

A point worth taking note, if you are a muslim, interests earned through carry trades is forbidden or haraam. As a good muslim, you should abstain from all kind of interests earnings. Interest is known as Ribah and considered unlawful for muslims all over the world. No worries... there are alternatives to trade without messing with these interests. When you look for a broker to trade with, ask them if they have swap free a.k.a shariah/islamic accounts for muslims. Many popular brokers such as alpari, cms, fxopen etc do offer these kind of accounts. Hope u enjoyed the reading. All the best

Trend Hugger Strategy

2007-12-07T13:19:00.000+04:00

Here is a little need strategy I found on one of the forums. It was brought and taught by TKimble. This strategy is among the simplest strategy that I saw around. And best of all it works. But like all trading systems, it can hurt you if you dont follow the rules. But if you follow them religiously, you will be making lots of pips with this system all year round. It works on all pairs and all time frames. Uses only one indicator, oSMA or MACD. If you want, you can use them both. So go one, download the rules and indicator and start making your easy pips.

A point worth noting, most trading systems are good, but most traders are bad. So to become a good trader, you will need to become disciplined and know how to stick to rigid rules and forget about impulsive trading. All the best.

Password: http://forexkid.blogspot.com
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ISAKAS V2 Manual System

2007-12-06T00:02:00.000+04:00

Here is a cool manual trading system that you can use to grab some pips from the market. It several indicators and when these indicators are all in harmony and agree with each other on a particular direction the market is heading., then you have your signal. Its a simple system in itself and can make you some good pips if you follow the rules religiously. Put the indicators in the indicator folder on your Metatrader 4 (MT4) and put the template file (.tpl) in the templates folder. After that open your MT4, load a chart and apply the template. It will automatically load all the indicators used in this trading method.

Be advised that this system will be most profitable on higher timeframes. Also, these indicators lags behind the market and some even repaints. So.. watch for these issues... happy harvest.

Password: http://forexkid.blogspot.com

Download here

Kolachi Method - A system that works...

2007-11-28T14:48:00.000+04:00

Kolachi Method of Trading is a comprehensive method to trade forex and commodities or any other market which can be reflected on charts. It is a technical method which uses certain moving averages and moving average convergence and divergence to understand the market behavior. Trading markets is not an easy task as there are various factors which affect the market movements. Understanding a market is exactly like understanding another person as both possess complexities. Like many phenomena in nature, markets also reflect a periodical behavior and repeat their moves. This helps us create a blue print for the behavior of the market which acts as a precursor for predicting and inferring future movements. Kolachi Method of Trading provides us an insight into the behavior of the market by a systematic study of moving averages and their mutual interaction. The waves of air create patterns on sand dunes in deserts which foretell us and give insight to the behavior of blowing winds and their direction. Similarly interaction of moving averages with each other whispers to us the most probable direction of the market.

Link to Official Website and Academy

eToro fun trading platform

2007-11-27T00:14:00.000+04:00

Cornflower Trading System

2007-11-05T19:13:00.000+04:00

Here is another good trading strategy with which many traders are having success once they get used to it. The system can pump much pips from the markets if you stick to the rules. Read the whole draft document, learn and master the strategy and start making your easy pips. You will find that this system is very simple and easy to use.

Of course, all credits for this wonderful free strategy goes to Lever70, the developper of the system. Thanks also to BStar for providing this document in PDF format. This strategy was developped at Forex Factory forum.

Download File

Pipforia.com - Best Hedging System to date

2007-10-08T17:46:00.000+04:00

One of my contacts, a professional trader, finally decided to open up a site and start sharing his trading system to the forex community. The same system which has been giving him his profit since almost 3 years. The same strategy which he took so many hours and hours to study, develop and finally bring it to perfection. The system is not a holy grail but its not far from it either. I have tried his system and the results are the same as he described on his website. You can also go to his site, more precisely his forum, where you can learn the hedge trading system which he uses. With this system you will be making money each and everyday the market is open. Best of all, he is teaching his system for free.

Another very good aspect of this website is the availability of Daily Trade signals which you can use to trade the system. These signals used to be in a paying scheme in the past but lately the author decided to release this for free too. So, I hope you will know how to take advantage of this...

He lately brought this trading strategy to another level and programmed and expert advisor (a.k.a robot trader) which trades using 100% same concept as the manual. Placing the EA on your chart will allow it to trade on your behalf without the need for you to watch or monitor the chart. It can become your automatic money generator. Only this part of the system is not available for free and if you want to get the EA, you will need to pay a month subscription fee. Bear in mind that the EA is fully optional and you do not need it to trade the system effectively. So go on... launch yourself... learn the system... and be financially free...

Open Site...

FXTradepro Forex Strategy

2007-09-27T16:40:00.000+04:00

This is one of the good strategies that you can have for free. I am giving you the opportunity to learn and master it by exposing it to you. If you give the system the required time to learn and master it, with it alone, you will be making pips each and every week in a consistent manner.

We should thank and be very grateful to Dan Davidson, the designer of this very good strategy because, not only he decided to share his money making system with the whole world, but also, he is doing all this sharing for FREE. Giving all the needed time and attention to all those who wish to try his system. Indeed, people genuine like him are very few.

The FXTradepro Forex Trading Strategy is a complete Trading System that will help you to become consistantly profitable. In the MEMBERS ONLY Forum he shares his knowledge, experience and the complete and profitable Strategy that he has developed and perfected over time. All the hard work have already been carried out by him, now he is sharing the fruit with those who wish to taste it. In the MEMBERS ONLY section, you will also find the indicators and Expert Advisor which you will need to trade this system.

Please note that the system can be fully traded manually but Dan is also offering an EA that will help you getting the most out of the trades. For the current year, 2007, the EA will be released for FREE and as from next year, it will be on a yearly subscription basis. The EA is totally optional and you dont need it yo use the system. Choosing to use the EA is at your own will and discretion. Wishing you best pf lucks and may the pips come to you.

To join Dan's Private group, Click Here, Its free...

Gary Smith, How I Trade for a Living

2007-09-21T18:04:00.000+04:00

Master the Markets by Trading from Home! how I trade for a living "Gary Smith deals in reality. If you want to really learn to trade for real profits, not hypothetical, mumbo-back-tested programs, this book is a must. I seldom read market books anymore, but I read every word of this important book. Get it.

-Larry Williams, author of Long-Term Secrets to Short-Term Trading "How I Trade for a Living is a remarkable book; truly a treasure trove of market information.. Highly recommended.

-Humphrey E. D. Lloyd, MD, author of Trading S&P Futures & Options: A Survival Manual and Study Guide "Straight talk from an accomplished veteran on how to succeed as a full-time trader. Gary Smith recounts the obstacles he overcame on the road to trading mastery and describes the strategies, indicators, and insights he used to reach his goals."

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MQL 4 Language Tutorial

2007-09-06T11:23:00.000+04:00

Here is a very good MQL4 language tutorial bu CodersGuru and we also have the reference and documentation guide from the official mql website converted into adobe PDF document for easy reading offline. Mastering mql 4 language will definitely give you an edge in defining and getting your trading system to the best track. You can also program custom indicators and expert advisors. The mql 4 language is very similar to the c/c++ lingo and if you already have a programming backgound, mastering mql4 will just be a matter of days. Hope you will enjoy and have a nice read

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Technical Analysis Explained - Chart Patterns

2007-08-26T22:49:00.000+04:00

Technical analysis is the study of financial market action. The technician looks at price changes that occur on a day-to-day or week-to-week basis or over any other constant time period displayed in graphic form, called charts. Hence the name chart analysis. A chartist analyzes price charts only, while the technical analyst studies technical indicators derived from price changes in addition to the price charts. Technical analysts examine the price action of the financial markets instead of the fundamental factors that (seem to) effect market prices. Technicians believe that even if all relevant information of a particular market or stock was available, you still could not predict a precise market "response" to that information. There are so many factors interacting at any one time that it is easy for important ones to be ignored in favor of those that are considered as the "flavor of the day." The technical analyst believes that all the relevant market information is reflected (or discounted) in the price with the exception of shocking news such as natural distasters or acts of God. These factors, however, are discounted very quickly. This is not the book by Martin J.Pring.

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