By: Kelly Price

Trend following currencies can be a great way to make money - but seeing them on a forex chart in hindsight is easy - but trying to capture them in real time is a bit harder however it can be done - if you follow the simple tips enclosed. If you use these tips to catch currency trends, you will catch every big move and enjoy currency trading success so, let's look at them.

The first things you need to remember is to "forget buying low and selling high" and think "buy high and sell higher" - it's a fact that most big moves start from new market highs and NOT market lows. The other wisdom you must forget is predicting price movements - this is another word for hoping and guessing and that's not a way to make money in any venture let alone forex trading. The way to win is to act and execute trading signals on price breaks and use a breakout methodology.

Breakouts are used by all the world's top traders and you must learn to trade them to. So what is a breakout?

They are simply a break of resistance or support to make a new high or low respectively.

All breakouts are not the same and some are more valid than others. The way to find the ones which can yield big moves is to look for an area of support or resistance which has been tested several times and the more the better. Also look for several different time frames and the wider apart the better.

The more times a level has been tested the better - but look for at least 3 in two different time periods. When the level breaks, you execute your trading signal in the direction of the break. You should check that the velocity of price is accelerating in the direction of the break and for this you need to use some momentum indicators to confirm your trading signal. We don't have time to discuss them here, simply look them up in our other articles.

Once the breakout has occurred simply place your stop below the breakout point.

Sounds simple? It is - but most traders can't do it.

They want to hold on and wait for a better price to buy at but wait in vain as strong breakouts don't retrace and the trader not in watches the price sail over the horizon and he thinks of what might have been. If you do it you will be in on every major break and while it is simple the best forex trading strategies are but that doesn't mean there not profitable.

If you trade selectively and go with the valid breaks you will be in on every big move and be able to follow the big trends which yield the big moves. Keep in mind you don't get paid for effort or how often you trade in forex but for being right and that's it.

So learn to trade breakouts and you will have simple timeless strategy for big profits.

NEW! FREE FOREX BREAKOUT TRADING SYSTEM PDF For free 2 x trading Pdf's, with 50 of essential info and more on Breakout Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com

by kelly price

Moving averages are a great trading tool to use in any financial market and that includes forex. Being involved in forex education for 25 years, I would say that most traders simply don't use this tool correctly - but if you do, they can enhance your forex trading success.

Moving averages (regardless of the time period used) all have the same objective:

They identify trends over specific durations and they smooth out the day-to-day price fluctuations, that are a caused by short term volatility.

This help you see the longer term trend and look for entry points for your trading signal. The equation for any moving average is:

The closing price is added up and divided by the period the moving average is covers.

Periods

200 Day moving averages are popular for tracking longer term trends and 20, 40 and 60 Day moving averages for tracking the intermediate trend.

Shorter Periods are used and many forex traders will calculate moving averages within a day in hourly or minute time frames.

Moving averages are one of the simplest and most popular used by traders interested in technical analysis. The problem most traders have is using them the right way and they normally one or all, of these common errors.

Buy On Dip to the Moving Average

They see it approach the level and simply buy - well that is not going to help them make money as they are predicting (another word is hoping) the level will hold and of course in many instances it does not. You have to combine moving averages with moving averages - to prove the level will hold on your forex chart before entering.

To do this use simple momentum oscillators like RSI and stochastic and wait for them to show the level has held and then execute your trading signal.

Moving averages give you areas of value; that's all and your forex trading system needs to prove these levels hold.

Using Them in Stupid Time Frames

With any indicator you use you have to have valid data and many forex traders trade time periods that are simply to short - stand up all forex day traders.

Moving averages, are of absolutely no use in time frames of under a day.

They don't really become useful until at least 10 days and we never use anything less than 20 days.

Another Great Use.

For moving averages is as a stop in long term trend following.

The 20 day average we use to spot normal corrections in a trend and buy dips but we exit on the 40 day moving average.

They are great for this.

Sure you miss the top but you get something more ,you stay out of the way of the random volatility and they can help you ride a big trend for months.

If you do this and keep in mind if you get 50% of every major trend you will be very rich!

Use them the right way

It's a fact that short term price spikes that move to far away from the longer term moving average will return to it, as they are the product of human emotion.

They are therefore a great tool for spotting value areas in the market on your forex charts. Use them with simple trend lines to isolate value areas and then use momentum oscillators to prove the level has held - then execute your trading signal.

Moving averages are a simple tool - but don't under estimate how powerful they can be in helping you enjoy currency trading success just remember - use them the right way.

About Author

NEW! 2 X FREE ESSENTIAL TRADER PDFS AND - PROFESSIONAL TRADING COURSE

For 2 free trading Pdf's with essential trading info and an exclusive Forex Trading Course visit our website at: http://www.learncurrencytradingonline.com/index.html

By Ricky Lim

For those traders who do not use a Forex currency trading system, they will have to face the possibility of losing money at some stage in their career. This is because they do not carry out their trading in a disciplined way. By using a forex currency trading system they are assured that they will be able to keep their losses to a minimum and continue to trade.

By using such a system a trader is able to remain level headed and face each trade with as little emotion as possible. It is this forex currency trading system system that they have in place which will help them to determine when it is time to execute a trade. This is because they will have price levels relating to the initial stop loss, trailing loss as well as relating to computed and projected price profits all of which have been pre-determined before they start trading.

Those traders who have a system that they follow will end up making some profits when they trade correctly. However if the trade turns out to be wrong then having a system in place will quickly show them that the direction they have chosen is wrong and this in turn helps them to realize that they must get out of the trade as quickly as possible so as to prevent further losses occurring.

When it comes to choosing a forex currency trading system to use then look at other traders which ones they would recommend. Ask them about the experiences that they have had with the system that they have used or are using? Also ask them how using that system or systems has helped them? A great way of getting answers to questions like these is posting them on Forex trading forums and you will be amazed at just how many answers you will receive in reply to your questions.

Also it is important that you learn as much as you can about every type of Forex currency trading system that is available.

What is extremely important however is that if you wish to trade successfully then you will need a Forex currency trading system which ensures that you approach the task in a disciplined way. It is only if you become disciplined when trading will you start to see more gains than losses. Certainly using any kind of trading system will help to ensure that your losses are kept to as minimum an amount as possible.

About the author:
Ricky Lim runs a learn forex trading online site for beginners at www.learn-forextrading.net. Visit his site today for more forex tutorials and articles.

www.ezinefinder.com

by Monica Hendrix

It may sound obvious but a real time track record of profits.

The bulk of advice over 90% is not worth the money and you can get better advice on the net for free.

Most vendors simply make up track records and produce a hypothetical track record that is done you guessed it in hindsight - Knowing the closing prices! Well that's hard.

You will also get testimonials but these are normally made up friends or traders who had a lucky trade.

If you ask for the real time track record you know the vendor has had success himself and while this doesn't mean you will win it at least shows they have confidence to trade their own system.

Finding good advice

You can get a lot of good research for free:

From banks and brokers and a lot of it is very good and you can get ideas - You shouldn't follow it blindly and you should always compare it with your analysis but for ideas its great place top start.

While a lot of the vendors who sell advice will give you a system it is normally of little use as it doesn't have a real time track record and you should ignore it - all you need is on the net and it's free.

Here is what you need to do.

1. Look up technical analysis and learn how and why it works and learn the concept of support and resistance

2. Then you need to learn the concept of breakout trading how and why it works

3. What you want to do is to trade against support and resistance and you need to get the odds in your favour, so you need some momentum indicators to help you.

Go to a good free chart service such as futuresource.com and learn about stochastic and the Relative strength Index and how to use them.

You can then trade support and resistance and use these indicators to time entry.

The above will give you a perfectly robust system you can apply for profits. All the information is free and to help you we have written numerous articles on building forex trading systems so look them up.

There is some advice worth paying for and you can get that from Amazon.com

Two essential books are:

1. Market Wizards by Jack Schwager that interviews some of the top traders of all time. These are traders who don't just talk the talk they have walked the walk and made millions.

2. Also get "Way of the turtle" by Curtis Faith - He learned to trade in just 14 days in a famous experiment devised by legendary trader Richard Dennis to prove that anyone could learn to trade.

These traders known as the turtles went on to become some of the most successful traders of all time, all learned to trade in just 14 days and all had no previous trading experience.

Curtis Faith made $30 million and was the most successful turtle of all and this is a great book for anyone wanting to know what you need to do to become a successful trader.

So your system you can get free on the net and the two books above will give you a good introduction to the mindset of the successful trader.

About the Author

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by Ryan Lee

Forex signals are alerts that are sent to you, usually via email or SMS text message, when the conditions are ripe for a currency trade. Or, even better, you can sign up for an automated service that will automatically make trades for you when your preferred forex signals are triggered.

Forex signals services rely on forex signals software -- computer programs that constantly monitor the foreign exchange markets for high-probability forex signals. Most forex signals services rely on "technical data" from currency charts to identify conditions that have historically led to profitable trades. Although you don't absolutely need to understand the data behind forex signals, a little basic knowledge can help you get the most out of your forex signals service.

One way to better understand forex signals is to download currency charting software. Although there are many programs that are quite expensive, MetaTrader is a free one that works well for most forex signals applications.

Whatever forex software you use, it must be able to plot currency prices in "candlestick" format. This allows you to easily see the opening, closing, high, and low prices of a currency pair for a given time period -- daily, hourly, or even minutely! Viewing prices this way, you can see patterns that emerge with "support" and "resistance."

Support can be thought of as a "floor"; a price level which the currency seems to hit and then bounce back up. Resistance is like a "ceiling"; the price level at which the currency seems to reach its limit, and then drifts back down. But once a currency pierces through either the support or resistance, it is likely to fall or rise a substantial amount until it finds a new "floor" or "ceiling". Breaking through support or resistance is one of the best forex signals.

If you have a knack for examining charts, or you just like to do it, that's great. But the reality is that in order to profit from high-probability forex trades, you need to react to data more quickly than manual chart analysis will allow. This is why forex signals services are the busy trader's best friend, and automated trading programs are the very-busy trader's better friend! It helps to understand the science behind forex signals, but it isn't vital. What is vital is a quality service that notifies you when it's time to make a trade -- or better yet, makes the trade for you!

There are many competing services out there, so be sure to do your homework and check the company's performance data. Reputable service providers will have it linked from their home page.

Now get out there and start making some money!

About the Author

For more information visit at http://www.tradefxplus.com and get free EUR/USD Forex trading signals, trading recommendations and email alerts. TradeFXplus Forex signals service gives the novice or professional currency trader the tools to trade currencies profitably.

source:www.goarticles.com/

by: Joel Teo

Forex trading is trading on the foreign exchange market. This market trades foreign currencies from all over the world. The U.S. Economy, as well as the global economy, plays a big part in the analysis that is done by Forex traders to help them make good investment decisions.

There are numerous reports on the U.S. and global economy that are used by investors in the foreign exchange market, and learning how to read and analyze these reports on the United States economy is important to be successful in Forex trading. There are numerous reports on the condition of the economy in the United States, and these reports reflect upon the value of the U.S. Dollar. Forex trading is based on the market value of both currencies that are being traded, so if the U.S. Dollar is weak, then you would trade them for a currency that you believe will appreciate in value. The currencies on the Forex market are quoted in pairs, and they look like this xxx/yyy, where x and y are different currencies. The first currency, or x, is the base currency, and that is what you are getting. The second currency, currency y, is called the quote, or counter, currency, and that is what is being sold in exchange for currency x.

Unemployment, housing, and numerous other economic indicators are the basis for economic reports that directly affect the Forex trading. Some of these reports include government reports like the Gross Domestic Product, which is considered the broadest measure of the economy of a country. This report represents the total market value of all services and goods that were produced by a country in a given year. The consumer price index is another report that is analysed by Forex traders to understand the condition of the U.S. economy. This report measures changes in the prices of goods for consumers in two hundred different categories. By comparing this report to U.S. exports for the same period, can be used to figure out if the United States makes or loses money on the services and products.

The U.S. economy greatly affects the Forex market. Economic indicators, such as government and private reports on different sectors of the economy, are analysed by Forex traders to anticipate whether the United States dollar will weaken or strengthen. By knowing what is happening in the U.S. Economy, Forex investors can minimize the risks and maximize the benefits. The economy of any country whose currency is traded on the Forex market will affect the market.

About the Author:

Joel Teo writes on various financial topics including Las Vegas Real Estate . Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.com

by Kelly Price

If you're looking for advice like you need to be motivated or adopt the right mindset to make money this article is not for you - If on the other hand you want a specific method you can use right now to make money fast in clear easy steps and only need small seed capital then read on.

Were going to look at the facts that this method of making money fast works and were going to look at the turtle experiment which will show you the potential and then how you can do it.

The turtles experiment

Was conducted by legendary trader Richard Dennis in just 14 days he taught 23 people from all walks of life to trade financial markets (before you say that's to hard or to expensive read on)

The experiment arose because Dennis believed trading could be learned but his partner disagreed - the experiment was conducted to prove who was right and Dennis won - after 14 days these traders went on to make Dennis $100 dollars!

Could you do the same?

Well you may not earn as much as the turtles, but the opportunity is there for all to make money fast. Before we move on to what you have to do, let's dispel two myths about trading financial markets first:

1. You need a lot of money

No you don't - you can today open an online account with a credit card for just a few hundred dollars

2. Financial trading requires intelligence and hard work

Nothing could be further from the truth trading requires learning the right knowledge consider that Dennis taught this in 14 days to people who had never traded and many game from blue collar jobs, so if they can learn it so can you.

So how do you get the right education?

You use the net and all the information is free (see our other articles for how to do it) and keep it simple. Once you have a simple method you need to practice it and have confidence and then trade it ( you can do a dry run in a real time demo account offered by brokers to test your skills ) when your ready you can trade - Now consider this:

Money makes money!

We have all heard this saying and it's true. Now if you trade financial markets (and the best is the forex markets) you get an advantage:

They will allow you to leverage your money. For example if you have $1000, they will let you leverage it at 100:1 that's 100 x 1,000 or $100,000 you can invest. This leverage can therefore work for or against you.

With leverage you need a system that cuts loses quickly and runs profits. Look at a graph of currencies and you will see that repetitive trends that last for months constantly occur your aim is to lock into them for profit and cut any losses quickly.

This is an odds game and similar to blackjack or poker.

It's no coincidence that many top forex traders were once blackjack or poker players. Why are they so good at it? Because they know that to win you have to bet only when the odds are in their favour and fold when their not.

Many of these blackjack players are not particularly intelligent or highly educated but they know that if they follow a simple system that is odds based they will win.

So how to I get started?

Start looking on the net, learn about the turtles and technical analysis and read up on how to trade the odds in forex markets. Get the book the Way Of The Turtle by Curtis Faith and also Market Wizards by Jack Shwager which outline the experiment in more detail.

It's up to you!

The turtle experiment provided that anyone can be a successful financial trader and it's true anyone can.

All you need to do is learn the right knowledge and have the courage to apply it.

The opportunity to build wealth and make money fast is there for all - you just have to decide if you want success enough to try forex trading and make it work for you.

source:www.goarticles.com/

By: Jim Wilson

Forex trading is relatively new compared to other forms of investment. Take the time to understand the key advantages to this form of investment. Keep an open mind and see how it may fit into your investment strategy.

The Forex trading system is a 24-hour based market, giving you flexible access to it at any time of the day or night. This differs drastically from the stock exchange, because there are no worries about the market closing when you still feel like trading. The market is continuously changing, online forex websites provide you with instant real time access to the market whenever you wish. This really helps in learning the market basics.

You'll also be provided with tools that will help you understand the mechanics of trading. This is clearly a bonus! You can practice your trading to your heart's content without risking any of your own money.

You can move from a novice to an expert in forex trading after you take advantage of the free demonstrations, currency trading news and free guidance provided by the forex companies. Once you feel you are confident enough to trade and invest a little amount of your money, sometimes in as little as $200, you can start taking advantage of the many forex trading benefits.

Because the forex websites shorten the learning curve associated with currency trading, you don't need your PhD in economics to be successful. Intermediaries, called forex brokers, will provide an access point to the currency market for you.

Forex brokers provide similar services as stock brokers. They will provide you with tips and advice as well as strategy information. The type of advice provided includes research methods and technical analysis data. Without a doubt, forex provides a great return on investment. It is no wonder that large financial institutions try to monopolize the marketplace.

Great results are still available for the small time individual investor, because of easy access to the web. The online Forex trading firms, as mentioned earlier, have been giving out free website tools for you to familiarize and navigate the whole concept of the market.

Your choice of Forex trading broker will largely depend on your need in the trading market. Many forex internet sites provide a bevy of tools for the beginning trader including detailed research, online trading simulators, and expert technical advice. In some cases these websites also provide access to professional forex traders, who will bring their expertise to traders of all levels. Everyone can try these tools to see if it meets their needs.

As you take the time to learn forex trading it opens one more investment door for you. As you continue to realize the importance of diversifying your investment portfolio, it may be a good idea to begin looking at what kinds of opportunities are available to you in foreign exchange trading. You'll be surprised to see who else is capitalizing on this market and just how easy it is.
The Forex market is not only the world's largest financial trading market but is also an extremely lucrative market. Find out more about the hottest investment revolution in the past decade.

Jim Wilson gives you more free information at Automated Software Forex. Search other helpful articles at- Automated Software Forex Articles. Click here http://www.forexminitrading.com

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