Chart Forex Tutorial|Forex Chart Technique|Chart Pattern

Chart Forex Tutorial Forex Chart Technique Chart Pattern

In order to Trade Forex Sucessfuly our Traders learnt the following facts in their Demo Trading.

You should become familiar with how to open and close various type of orders, there are Market Order,Open Orders,closed orders,Limit Orders.The difference in buying and selling price of the broker. known as the Spread and the PIP VALUE.


Well ,Well... am i loading you with much facts and giving you a headache,but in fact our traders are coming along very well and it is one month from the day they started Demo Trading and are now familiar with all the above facts and are enjoying Demo Trading.Well Mike is suffering a huge Loss.Arnorld is in Profts and Jack a wee bit in profits.

Jack and Mike are unable to study the chart Pattern properly, thay are unable to apply the Technique of chart analysis or Technical Analysis to the maxmimum and wished they had done some more study on the subject of Technical Analysis of Chart Patterns and deal with Best Forex Market Trading Hours.what should They do?

They need to take courses in Chart studying Techniques and Chart Patterns.Arnorld had taken SIMPLE CURRENCY FOREX TRADING COURSEand understood the Trading Indicators very well and applying the those indicators, which he is comfortable with and analysing them in reference to the Chart Patterns and trading good.

Jack was confused with the various charts given for different time periods and he was confused by the different patterns formed on Different time intervals in the same currency pair.He approached a Mentor who suggested him CANDLE STICK CHARTING

Mary of course is comfortable with the Day Trading system after she tried various Trading strategies. She bought FOREX VIDEO COURSE and She is doing a Mini Forex Account.

What is Mini you ask.Well Mini is a account where in you are allowed to trade in low value lots in each currency pair.the profits will be minimum if you win and if you lose also the loses will be minimum.You can trade a Mini account even with 300 US$.we will look in the next report

Chart Forex Tutorial Forex Chart Technique Chart Pattern

Spot Fx Trading|Forex Managed Mini Online Trading Account|Forex Brokers

Well Do you have lots of Money to spend then if you are thinking of Forex Trading you can risk Trading the Major Lots,Where in the amount you contribute towards one lot will be US$ 1000 ,if you chose the leverage to be 1:100, and the Pip value will be Us$ 10 on win and loss situation.It means If you gain 1 pip, you are 10$ in profit and if you lose 1 pip then similarly , you lose 10$ from your account.

Whereas in Mini Account the amount you contribute towards one lot will be US$ 100 if leverage you chose 1:100, and the Pip value will be Us$ 1 on win and loss same in Loss situation.Some Brokers allow 50$ for one Mini Lot.

well!! We have seen that Mary has Cleverly opted for Day Forex Market Mini Account.She does not wish to take much risk,She enrolled with a Broker Forex in Switzerland and she wish to trade from Swiss where she is staying at present.She was searching all the while for Broker Forex Online Swiss and selected one.That's clever of Mary.

Our other Traders are Following the same path and are in look out for forex introducing broker,account forex managed mini,account forex mini online trading Brokers,forex broker dealer.There are a no. of good spot online forex broker ,Forex Trading Mini Account
providing companies and brokers Forex Mini Accounts.

Broker Forex Regulated :-There mentor suggested them to enrol for those companies which are members of Regulatory Bodies, to be on safe side.

Having well established in the art of Reading Charts,Technical analysis,Fundamental Analysis,Chart Patterns,Fibonacci Series,PIVOT POINTS,and the Best Trading time to Trade Forex.Our Traders started Trading Mini Account on a good note.Let us wait and have a look at what kind of problems our traders fare and what is they find to require to do better trading in our next meeting with them.

Till then have Patience which is a virtue of a Good Forex Trader.

Spot Fx TradingForex Managed Mini Online Trading AccountForex Brokers

Best Currency Forex Online Trading Tutorial | Forex Seminar

Best Currency Forex Online Trading Tutorial Forex Seminar

Hmm!! Everything is not well with our Traders!


What's the problem?

They are facing a lot of Problem and they are confused.


Why are they confused , and please tell each trader situation.

Ok. Lets Begin with Mike,He is young and a student and just started trading and is unable to join all the ends together.

What do you mean?


Its like this ,he studied the basics,Charts,Various Indicators,and Various Currency Pairs, and Forex Trading Systems and Day Forex Trading Tutorial and he attended many FOREX SEMINARS and still he is unable to come to a conclusion as where to begin is trading career.

Well what is the solution for Mike?


The basic thing he has to do is select single currency pair,which is having a less spread,for example USD/EUR Currency Trading Pair.Study it tracks for a month or Two.

Why a Month or Two.


You know every currency pair has got its unique track,like fluctuation per day,The major trend at certain times of the day,unique chart patterns and volatility,he has to feel the currency pair,know it and love it then only he can predict its future course of movement with high rate of accuracy.He has to study the charts of that currency pair i.e USD/EUR for various intervals of time.

What do you mean by that?


In the trading terminal you have option to witness trading charts for various time interval ,they are Monthly Chart,Weekly Chart,Day Chart,8 hours Chart,4 hours Chart,2 hours Chart,1 hour Chart,30 min Chart,15 minutes Chart,5 minute Chart and Tick chart which is for 1 minute.
He has to see the major trend in higher charts and trade the the lower charts.

There are a lots of Indicators like Trend Line,Fibonacci Series,Momentum,MACD,Bollinger Bands etc these Indicators Try to help the Trader assess the future course of action of the currency pair he is trading.if you use many indicators you will be confused.

So how many we have to use?


Keep it simple and use those indicators which you are comfortable with.The less the better as you can note that no indicator can predict the trend accurately.If Mike Follow these steps,then he will have a good time.

In next episode we will have a look at our other traders.


Best Currency Forex online Trading TutorialForex Seminar

Day Forex Incredible System trading | Long Term Trading | Forex Signal

Ok we have suggested Mike with the course of action he need to take as a beginner Forex Trader.The Situation with Arnorld and Jack is completely different from Mike.

Whats The Difference.
You know Arnorld got a Forex Trader as friend and he is geeting maximum help from him and progressing very well,the only annoying factor with Arnorld is he is not satisfied with little Profits.

Why?

Because He has to go in and out of market a number of times in a day and he has to stay near the Teminal ,so as to close the order once he find he has made little profit.So what is the Remedy for Arnorld.

Well the system he is following is Technically known as Short Term Trading, where in you trade for small intervals of 5 to 10 minutes per Trade and like this you trade for a number of times in a Day Trade.

What is the advantage and disadvantage of this method.

The advantage is you can trade with little initial capital and the risk is less as you can keep the stop loss at less Pips. The disadvatage is you have to be present near the terminal and you have to make many trades.

What is the Solution for Arnorld?

Well Arnorld need to settle as A Long Term Trader?

What it means.

It means he has to put a order and huge stop loss and wait for the market to proceed in his direction.If it is moving in his direction! What then? Then he has to slowly move the stop loss in his direction to capture the profts and he has to continue doing this untl the market cmes back and hits his Stop loss.If it is not moving in his direction his order is stopped out and he can escape with a small loss.Mind you ,You Should Always Trade with Stop Loss In Place.

In this way Arnorld can attened his other work and can have a look at his trading terminal once in day or as he likes,There is a facility of automatic movement of stop loss in the terminal which can be programmed to follow at 10 ,20 or 30 pips as you wish.

This is Long Term Trading and Arnorld is a Long Term Trader.

Let us have a look at Jack In the next post.

Day Forex Incredible System trading Long Term Trading Forex Signal

Day forex |Forex Scalping Strategy | Forex Scalp Trading | Short Term Trading

Day Forex Forex Scalping Strategy Forex Scalp Trading Short Term Trading

Jack has a new problem,he has done his basics study of Forex Market very well ,understood the charts and taken USD/EUR Currency pair in the beginning stages and selected the best indicators and Charts with which he is comfortable with.

Then where is the problem?

The thing is when he is putting an order and when the order moving in his direction and showing profits in his terminal,he is unable to hold is patience to look for more profits and immediately closing his position.

So what.

This kind of trading is technically known as Short Term Trading and is quite opposite to Long Term Trading.

What is the solution for Jack?

Well he need to trade high probable profitable trades and have big profits and small losses, so the net effect will be profits,he should be careful not to take every trade and he need to take those trades which are looking profitable,the profit to risk ratio should be 1.5 or more .Do not trade every given opportunity as you can face loss,enter highly probable profitable trades in a day.

Some people like to trade for a minute or two and close the trade when there is small profit,this kind of traders are Known as Forex Scalpers and the this method of trading is known as FOREX SCALP TRADING OR FOREX SCALPING STRATEGY.

Look here Envelope Scalper Forex Trading System

We will follow Mary in her course of Action as a Master Trader in Forex In the next post

Day Forex Forex Scalping Strategy Forex Scalp Trading Short Term Trading

Automated Forex Trading Systems | Automated Forex System Brokers | Easy Forex

Automated Forex Trading Systems|Automated Forex System Brokers{Easy Forex

Are you busy ? and can you offered a large amount of initial capital!! Are you a busy Executive,who cannot offered to sit near the Trading Terminal for Hours to gether.

Do you want to enjoy at the beach and to go on a Holiday and do
not wish to sit near the terminal and Trade.

Whatever may be the reason there is no need for your Physical presence to Trade.

what!! I am Surprised !How can any body Trade without staying near the
Trading Terminal?

Well There is a solution for such kind of people and there are

Automated Forex Trading Systems

What does that mean?is it EASY FOREX or FOREX MADE EASY

No it is not Easy Forex ,but some Brokers give you the facility of specially created software which can be fine tuned to your system of Trading and this software can be programmed to trade i.e Buy or Sell if and only if the pre conditined parameters are met ,which you chose in the initial stage.

Wow!! Do you think it will work?

Well it depends upon the type of Trading System you use and various other factors
like the amount of risk you can take,the time interval and many others.

What are Trading systems?

Good question,they are different types of techniques used to trade the Forex Market by Different Traders,each with its unique setup,stop loss and Indicators.

Why dont you explain about the various system.

My Dear , Why me!! When Mary can unfold the mysterys of Various Forex Trading
Systems and Forex Trading Techniques.

Ok ! Let us meet Mary and ask her in the next post.

Automated Forex Trading Systems|Automated Forex System Brokers |Easy Forex