Saturday, July 14, 2007
Forex Trading Sytem - How to do Technical Analysis?
Forex Trading System - How to do Technical Analysis?
Most of the beginners struggle on how to do the analysis? Should they be doing trading using forex trading signals or should it be by reading charts? Or is there any other way?
Well, technical analysis is the way to go..Use a popular oscillator such as RSI or MACD or stochastic. Using more than one oscillator may not help, infact many a times it gives false signal. My personnal favourite is MACD.
Use MACd for convergence or divergence..Reemember its lagging indicator. Along with this, you can use another indicator sucjh as EMA or SMA, MA (Moving Average) etc..
Test the system on the dummy account..
However with so many systems at your disposal, how will you come up with a system? Remember, you need a system to place trades and know when to close trade..
You can decide to spend hours and lot of time to come up with your own system.
OR!!!!
You can get a new proven system yourself with in fraction of minutes and test it immediately on your demo account. If you find the trading system to good, then keep it or else return it for 100% money back!!!!!!!!!!!!!!!!!!!!!
Well one such system is - Adam Burgoyne "5emas Forex Trading System"
This is a terrific system and is well proven..It is very very effective. I use it personnally and am more than impressed with it. It gives you 8 week 100% money back gaurantee.
Now, since you are going to buy it, please make sure that after you buy it, you use it!! Don't simply buy it and not read it at all!! Use it, 1st on your demo account and then on your live account.. Its simply worth it!!
Click Here to know more about the system and the free cool bonuses you are going to get with it.
Most of the beginners struggle on how to do the analysis? Should they be doing trading using forex trading signals or should it be by reading charts? Or is there any other way?
Well, technical analysis is the way to go..Use a popular oscillator such as RSI or MACD or stochastic. Using more than one oscillator may not help, infact many a times it gives false signal. My personnal favourite is MACD.
Use MACd for convergence or divergence..Reemember its lagging indicator. Along with this, you can use another indicator sucjh as EMA or SMA, MA (Moving Average) etc..
Test the system on the dummy account..
However with so many systems at your disposal, how will you come up with a system? Remember, you need a system to place trades and know when to close trade..
You can decide to spend hours and lot of time to come up with your own system.
OR!!!!
You can get a new proven system yourself with in fraction of minutes and test it immediately on your demo account. If you find the trading system to good, then keep it or else return it for 100% money back!!!!!!!!!!!!!!!!!!!!!
Well one such system is - Adam Burgoyne "5emas Forex Trading System"
This is a terrific system and is well proven..It is very very effective. I use it personnally and am more than impressed with it. It gives you 8 week 100% money back gaurantee.
Now, since you are going to buy it, please make sure that after you buy it, you use it!! Don't simply buy it and not read it at all!! Use it, 1st on your demo account and then on your live account.. Its simply worth it!!
Click Here to know more about the system and the free cool bonuses you are going to get with it.
Labels: 5emas Forex Trading System, adam burgoyne, convergence and divergence, EMA, forex trading signal, MACD, technical analysis
Tuesday, July 10, 2007
Forex Day trading - Breakout in all major currency pairs
Forex Day Trading - Breakout in all major currency pairs
Today the major pairs such as EUR/USD, GBP/USD and others broke out from a long range trading. Its more like the currency pair rested for a while to gain strength and get going. The stochastic and RSI were showing overbought. So why did these forex pairs move up?
Thats because the technical pairs only indicates probability. One should not enter the trade till the time other indicators known as confirming indicators align. I use the candlesticks as the confirming indicator..
The confirming indicators are always very important when the forex day trades or 1 hr trades are to be placed. The most popular are candlestick and MACD.
Today the major pairs such as EUR/USD, GBP/USD and others broke out from a long range trading. Its more like the currency pair rested for a while to gain strength and get going. The stochastic and RSI were showing overbought. So why did these forex pairs move up?
Thats because the technical pairs only indicates probability. One should not enter the trade till the time other indicators known as confirming indicators align. I use the candlesticks as the confirming indicator..
The confirming indicators are always very important when the forex day trades or 1 hr trades are to be placed. The most popular are candlestick and MACD.
Labels: eur/usd, MACD, oversold RSI, range trading, stochastic, technical indicators
Friday, July 6, 2007
Forex day trading using EMA and RSI
Forex day trading using EMA and RSI -
EMA and RSI are the easiest of indicators to use when it comes to trading..let it be any trading such as options, commodities and forex.
Thats because they are evry easy to understand and apply on the forex charts. So your forex trading system can contain EMA as a leading indicator and RSI as a confirming indicator.
One trading system that uses the EMAs very beautifully is the one that is written by Adam Burgoyne "5emas Forex Trading System". Not only is that system easy to understand, it is also very easy to apply
And best of all, it comes with excellent bonuses and also has 8 week money back guarantee.
So, click here to visit the site and buy the package with the confidence since it is risk free.
EMA and RSI are the easiest of indicators to use when it comes to trading..let it be any trading such as options, commodities and forex.
Thats because they are evry easy to understand and apply on the forex charts. So your forex trading system can contain EMA as a leading indicator and RSI as a confirming indicator.
One trading system that uses the EMAs very beautifully is the one that is written by Adam Burgoyne "5emas Forex Trading System". Not only is that system easy to understand, it is also very easy to apply
And best of all, it comes with excellent bonuses and also has 8 week money back guarantee.
So, click here to visit the site and buy the package with the confidence since it is risk free.
Labels: 5emas Forex Trading System, EMA, forex day trading, RSI, technical analysis, technical indicators
Wednesday, July 4, 2007
Forex Technical indicator - News effect the currency pairs
Forex Technical indicator - News effect the currency pairs
Technical analysis is always superseeded by fundamental announcements or news. The RSI, MACD, fibonacci levels don't hold good at news time. However it doesn't mean that one should be aware of technical levels since the technical resistance/support levels hold good even at news time.
When day trading, make sure to whatch the economic news release time to make sure that you don't place a trade when news is about to break.
Technical analysis is always superseeded by fundamental announcements or news. The RSI, MACD, fibonacci levels don't hold good at news time. However it doesn't mean that one should be aware of technical levels since the technical resistance/support levels hold good even at news time.
When day trading, make sure to whatch the economic news release time to make sure that you don't place a trade when news is about to break.
Labels: currency trading, forex day trading, forex technical indicator, fundamental announcements, MACD, RSI, technical analysis
