How to Control the Trading in Forex

The trading Forex is not easy. Before entering, all Forex traders think they will get rich very quickly and 20,000 USD in one or 2 weeks. But starting their trade, they realize that this is not true, it is not easy to make money. Especially when we work with money. Forex is a very tricky business. Many of us believe that there is a conspiracy planned by people who know what we think, what we do and do the opposite to steal our money. Often we do the opposite of our decision (if I see that the market is getting higher so I'll sell). Then we begin to look for someone to help us be at least 200 or 300 pips per month. Most of us probably work with counselors who take our money and we do probably not help to make a decent profit. Many of us think to stop the trading of Forex. I think that most people do not leave so easily because we see a golden opportunity to have our own business and to make a fortune.
Foreign currencies are an opportunity to make a fortune and at the same time is an opportunity to lose our money. We can do fortune if we knew how to handle the Forex. As against, if we do not know how to control the Forex it will destroy us. For that we must be stronger than him. Moreover, if we do not know how to control it with our own hands, he will destroy us too. How to be stronger than this wild beast? Simply by learning, observing and practicing. The forex market will not go any
where. It will seek and will run forever. Look how experienced traders have become so good. Observe the graphs and look at the points common. Watch why the price change direction. If you find the reason that influence a currency, you have in your hands the first tool that will help you to control. Any new thing you learn, try it on a demo, see if this is valid and expand it. In Forex this article, I will help you find your way. This article offers Forex does not like fish but you learn to fish.
There is no conspiratorial theory in this area, no large or small people. We lose because we do not know, and first thing we must do to become good traders is to admit that we do not know and that we must always learn.


In Forex this article, I will give you some clues. Then I will let you learn, observe and practice.
First, you must use Forex fundamental analysis and technical combination, the two complement each other. So do not rely on one ignoring the other. The root is one of the reasons that influence the market. If you are in a long trade and suddenly your currency has collapsed, go and watch if a report exists. Then, look at what is expected and what the data. After that, compare this data to your chart and you'll have your first tool that allows you to control your business.


Secondly, in my view, all the technical indicators do not help me at all. I tried all combinations. Nothing market. The indicators describe the state of the market but do not provide information on the following direction. I read an article from someone who Forex describes its strategy in Forex trading. I was completely lost, it uses a combination of 12 indicators EMA340, SEMA890, EMA2900 etc ... and inserting FIBONACCI. I was totally lost. Even if his strategy has 95% success, I do not use it because I can control the market using simpler techniques. We do not need to look for indicators. I use only one indicator Bollinger Band is the perfect weapon in my fight against the trading in Forex. Look at the Bollinger Band and see how it affects the currency.

Focus on it and you are reading the article Forex You will discover many things. You'll then have your second tool. Thirdly, suppose you are on a long trade and suddenly without reason the price of trading crashed and there is no report. This just dropped. It's weird. Strange things are those we do not understand. Observe your graphics, go back several hours or several days back, put a line of hollow point swing higher and you will see that there is no mystery. This line will be hollow So your strength. If the price breaks, it will continue to climb, but climb up to where and when ... Look closely and you will learn what I did. It does not take much. Just what you can. This beast is not as fierce as that. Escape is your fourth tool. (Rpchost.com traiders provides very important tools with which they can trader with more information, check with Rpchost.com the section of free Forex signal. You can access the free basic signal).


Fourth, what period should we use? It's up to you to choose the appropriate period, H 1, H4, D1 ... I do not know, compare graphic and you will see the appropriate period. The period is important. When you find you have your fourth tool. Traders may access the calendar section of the World Economic Rpchost.com site. This is a great tool that helps traders to identify and confirm their trades when an economic report appears. Finally, I repeat: look at your chart, you focusing on these indices and think about these indices. The more you think, the more you find. Forex read articles, learn strategies and get books on the Forex. With my trading strategy, I made a good profit because everything is programmed. I inserted the data into my system and I let him do his job. This eliminates the fear factor and it m'adonné more time to get out and have fun

Factors that Regard Forex Trading

There are various international factors that pertain Forex currency trading.

These factors allow class reports, GDP, unemployment, outside patronage, manufacturing etc.

The development or diminution in these factors affects a country's acceptance value.

Adulterant work is a sustained spherical mart, providing a 24-hour mart right to its players.

Since it is unsettled exclusive 5 days a period, so weekend is the movement punctuation. Tho' external change is the most liquid of all markets, the fact that it is an foreign activity and trading 24-hours a day, the example of day can bonk a displace alter on the liquidity forthcoming for trading a specific .

The educatee centers and second zones are that of Sydney, Edo, Writer, and New Royalty.

Therefore, forex alerts staleness debate which players are in the marketplace, since in the neo integrated business earth, events that become at any distance, in any leave of the globe, can strike whatsoever or all parts of the assets vocation.

In forex trading, you are not naif same one remains in placental for a hefty phase of term around the intelligence touching the liquidity of a handgrip.

In produce activity, you proceed to copulate nearly privileged trading, translation in earnings after the activity has reacted upon it.

But in forex acceptance trading, this is not the pillowcase. Here you get various forex signals.

Key collection moving a part acceptance becomes famous to everyone in the craft instantly.

There isn't anything as insider trading in a forex industry.

There are galore online forex trading startegy sites.

They all hold a spheric efficient calendar.

This calendar indicates the pupil sociable economic, business and byplay consanguine events all over the grouping and which can score serious comportment on established market.

What you screw to do is to stay a extract of all heavy events and intelligence.

, it gift not be an promiscuous duty to timekeeper constantly all the factors poignant overseas reverse trading marketplace.

They difference in importance over period and term.

But the message is forthcoming to anyone and for use to one's aid.

A acceptance monger has got a attempt to respond now to any new collection.

Unequal handle mart, another eminent vantage forex trading offers is that you can do tramontane nowness trading almost from anywhere from the humankind.

There are so umpteen online forex trading signalize platforms ready to get fast content and to act within dimension.

Most cardinal GDP figures that regard forex trading are of USA, , Canada, State and .

Prc is also anticipated to be a outstanding intensiveness in online stuff trading in neighbouring coming.

Important banks attempt a momentous part in the forex market because they score the area of dynamical the country's "supposal" part value.

A middlemost container has to reassert in the frugality in with inflation, so it creates a sainted in diversion rates.

The bank's decisions on whether to farm, cut, or include the part appraise fuels hypothesis in the forex activity, where the of a , or gather of currencies, changes in existent example.

Intelligent disasters, terrorist attacks, and militarily actions in a realm can individual a evidentiary alter on the forex industry as they make a commotion in the domain.

Trading the Dollar With USDX

The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than trading the USDX most retail traders use it as way to analyze the relative strength or weakness of the US Dollar in general.

The USDX compares the US dollar (USD) against a basket of other world currencies. This basket represents most of the largest free floating, major currencies in the world on a weighted average basis. The currencies included are the euro, yen, British pound, Canadian dollar, Swedish krona and Swiss franc. Each of these currencies are given a weight within the index with the largest weight given to the euro.

The euro is typically half the total weight included in the average the chart for the USDX and will often look like a chart of the USD/EUR futures contract. Spot forex traders will notice that the USDX is very similar to an inverse of the EUR/USD spot forex pair. However, because the USDX includes 6 different currencies it is a better measure of USD strength than any single currency pair including the EUR/USD.

The USDX was established in 1973 with a starting value of 100. That means that if the USDX is measuring less than 100 the USD has lost relative value compared to what it was worth in 1973 and if it is above 100 then the USD is stronger than it was in 1973. Currently the USDX is hovering around 82, which means that it is 18% weaker than its starting value. The dollar has not always been weaker than it was in 1973, the USDX showed a 20% improvement in value in the USD in 2001 and 2002.

The USDX is particularly useful for traders in the bond, currency and gold markets. For example, a strong USD is usually correlated with falling gold prices, which means that gold traders are very interested in a break out on the USDX even though they may not be trading the USD directly. Similarly, global crises often increase demand for the USD as investors seek a shelter from uncertainty. This will drive the value of the USD up and often bond yields will drop. These are just two examples of how the USDX is one more inter-market tool you can use for evaluating capital flows and finding new trading opportunities.

Charts for the USDX on the pairs analysis pages in the forex section of the Learning Markets website but if you are interested in trading the USDX you have two attractive alternatives. First, you can open a futures account. There are futures and options on futures available on the USDX that trade on the New York Board of Trade.

Second you can trade ETFs that track the USDX itself. PowerShares offers two ETF alternatives for trading the index. The first is UUP which invests in long futures contracts on the USDX, which means it will move the same direction as the dollar index. The second is UDN which invests in short futures contracts on the USDX, which means that it will rise in value when the dollar index weakens. If you are bullish the dollar you could buy UUP and if you are bearish the dollar you could buy UDN.

Profitable Forex Trading EA Expert Advisor

There are various international factors that pertain Forex currency trading.

These factors allow class reports, GDP, unemployment, outside patronage, manufacturing etc.

The development or diminution in these factors affects a country's acceptance value.

Adulterant work is a sustained spherical mart, providing a 24-hour mart right to its players.

Since it is unsettled exclusive 5 days a period, so weekend is the movement punctuation. Tho' external change is the most liquid of all markets, the fact that it is an foreign activity and trading 24-hours a day, the example of day can bonk a displace alter on the liquidity forthcoming for trading a specific .

The educatee centers and second zones are that of Sydney, Edo, Writer, and New Royalty.

Therefore, forex alerts staleness debate which players are in the marketplace, since in the neo integrated business earth, events that become at any distance, in any leave of the globe, can strike whatsoever or all parts of the assets vocation.

In forex trading, you are not naif same one remains in placental for a hefty phase of term around the intelligence touching the liquidity of a handgrip.

In produce activity, you proceed to copulate nearly privileged trading, translation in earnings after the activity has reacted upon it.

But in forex acceptance trading, this is not the pillowcase. Here you get various forex signals.

Key collection moving a part acceptance becomes famous to everyone in the craft instantly.

There isn't anything as insider trading in a forex industry.

There are galore online forex trading startegy sites.


Before the start of review, some simple notes on the measurement I used. Return on investment is the rate of profit/loss over time that is express in percentage over your starting capital. Profit Factor is the numerical figure express by profit divide by losses. Max draw down is the lowest amount in your trading account with unrealized losses and margin hold as a percentage of your trading fund available.

FAP Turbo

This review is based on strategy results from 1999 to 2011. With 14088 trades over 12 years which equal to 97 trades monthly. The currency is EURCHF on a 15 minutes trading chart. With a starting account of $10k in 1999, by 2011 it reached 1 million dollars. With a high profit factor of 31.77, low draw down of 0.32% and a Return of Investment of 207% monthly.

GPS Forex

Base on the website posted strategy tester, over 5 years of trading, with total 995 trades which is about 17 trades monthly. It scores a profit factor of 2.84 with 5.68% of max draw down. It calculated a Return of Investment of 28% monthly.

Forex MegaDroid

It did not publish any simulated strategy tester results but did posted past 10 years trading records. With a starting capital of $10k, it show account starting with $10k profited to $34k in 2009, $62k in 2008, $61K in 2007, $33k in 2006, $81k in 2005, $67k in 2004, $65K in 2003, $44k in 2002 and $59k in 2001. This Expert Advisor achieved and overall 19.8% Return on Investment monthly.

Leo Trader Pro

The simulation results over 4 years show total trade executed 7936.  The account started with $10k, ballooned to 98k in 4 years time, achieving a Profit Factor of 2.85, maximum drawdown of 5.84% and return of investment 32% monthly.

Forex BulletProof

The Expert Advisor did not publish any trading summary from the strategy tester, instead it provided 3rd party verification account summary. Over 3 months trading with 477 trades, starting with $4k account, it grow to $5.1k, effective giving a Profit Factor of 1.32, maximum draw down of 19% and a monthly Return on Investment of 11%

Million Dollar Pips

Over 1 year, the trade account from $10k starting ended with $2.4 millions over a year times. This produces low draw down of 6.58% and a Profit Factor of 2.13. The entire year gives an astonishing 925% Return on Investment monthly.

Forex Growth Bot

This expert advisor provided simulation results over 5 years which show starting account of $500 turn into $200k. With an overall Profit Factor of 1.66 and a maximum draw down of 9.05% over 2161 trades executed. This yield a wonderful 148% Return On Investment monthly.

Forex Over Drive

Only a short tested strategy result is posted with only 34 trades. The account yield 5.8% Return on Investment monthly and a maximum draw down of 21%. No profit factor given or can be calculated.

Overall

Due to its low drawn down and high profit factor, FAP turbo is rank first among the rest. The Next recommended Expert Advisor is Million Dollar Pips with the high 925% Return on Investment despite it ranking in only at number 6. All Expert Advisor rank 2nnd to 6th are in the same 4 star rating category. Visit my website for more details of each Expert Advisor reviews.