Quite happy with this week with still a lot of bad news in the market. This week -0.44%. I still can learn a lot this week.
In my previous post, I told you guys that I want to quit. But thank God, I didn’t. I’ve updated my strategy, so it will limit my losses.
The idea is still trading with MACD crossover, but when the strategy turns out to be a loss, then you will need to enter again when the MACD reach the other side and have another cross over. So when it give MACD crossover in the lower area and you are buying but then it turns out bad, then you should wait until MACD reach the upper area and have another cross over which is now a sell signal.
I’ve put all my strategies in this page. Overall this week loss is very high 3% and makes this month loss 4%. But I’m very happy with the condition because I made my strategy better (more conservative). I loss in Monday, Tuesday, Wednesday, and Thursday, but gain in Friday. My first gain in this week. I hope next week is better. Remember last month 7.9%, this month -4.1%. If last month is working and this month isn’t working, there must be something wrong with the strategy. DON’T GIVE UP. THE NEXT TIME IT HAPPEN AGAIN, FIND OUT WHAT IS WRONG.
Read More »This week is horible. I deposit a lot of money this week, and lost a lot of money, but it’s small in percentage -1.5 %. Basically I went in the wrong direction on my trading this week, because I use Day charting and combine it with 1 hour chart. I should have use the 4 hour chart. The 1 Day chart is still showing buy, so I buy. Price was dropping, and I kept buying. I should have follow the 4 hour chart which already showing sell signal.
NZDUSD drop a lot this week, but using this strategy won’t do much, because the MACD cross over will often show buy and sell signal. The price is already drop a lot, but we are not sure whether it will keep going down or retrace up. GBPUSD and EURUSD also consolidate much, so it is hard to predict the price.
So lesson this week, user 4 hour chart with 1 hour chart. I will need to find indicator of consoolidation and make sure i don’t enter the market when price is consolidating.
Read More »This weeks starts good, then in day I loss it all, and Friday I win big. I feel I want to quit on Thursday although I still got small profit. The market on Thursday is unpredictable. But Friday is very predictable. I hope I remember this lesson. TODAY CAN BE VERY BAD, BUT TOMORROW CAN BE SUPER BETTER. This week only won 40 pips, last week 80 pips. If only I can get 30 pips consistantly every week, that is 120 pips per month or 4%. overall this month I win 153 pips with one day to go. Almost done treating forex as business in one month.
Still I have lots of things I can learn this week
So I think 4% per month is achievable. so
$1000 = $40
$2000 = $80
$5000 = $200
$10000 = $400
Read More »This is the first week I’m using MACD crossover. The result is pretty good. In the middle of the week, I got some bad results:
So overal this is is great. 80 pips profit.
Read More »This week trading is a roller coaster. I’m down 51 pips. At the start of the week, I have 3 consecutive losses USD/CAD -23 pips, and 2 GBP/USD each -30 pips. So those three already made me loss -83 pips. Winning percentage 56%. This means losses was big but winners are small.
Here’s what I learn this week.
Welcome to the Forex currency trading universe. It is a sizeable area of interest with strategies, investing, and tabulations! Fx investing is certainly demanding, and this can help to make it troublesome for you to locate the most beneficial system. Our hints can certainly provide you with a few great concepts.
Quite a few assume there are accessible stop loss indicators on the market. It is just simply not accurate. Stop losses are actually hidden to other individuals, not to mention forex trading without them can be rather high-risk.
The moment folks start to earn a good source of income with forex currency trading, they often get greedy and commence to behave way too hastily. Not maintaining your own cool along with panicking could also lose you funds. Doing trades chiefly based upon emotions is without a doubt under no circumstances a beneficial strategy, limit your trades to all those that meet up with your criteria.
Discover the actual reality of the current market. It’s natural to lose some finances within the forex trading market. In excess of 90 percent of traders will cease before they generate almost any revenue. As soon as you arm your own self with all the truth, you won’t be reluctant to get again on the horse whenever you get it wrong. Will power definitely will sooner or later be worthwhile.
Never modify the particular position that you actually position stop loss areas, you will lose far more through the end. You can reduce your own pitfalls as well as increase your own profits by firmly sticking to a exact method.
The best way to recognize whenever you ought to sell or maybe buy, acquire trade market notices. Virtually all great software packages are able to monitor alerts as well as provide you an auto alert when they pick up on the actual amount you may be hunting for. Normally decide upon an entrance and also exits upfront to ensure that you don’t try to make emotional decisions.
To get information about the gain and also loss averages with a place throughout Forex currency trading, you may take advantage of an indicator named RSI or relative strength index. It will not specifically represent your investment decision, but ought to give you an understanding of your potential of a distinct market. If the market is typically not so rewarding, it’s more than likely not likely to turn out to be the top option to select.
You are likely to know whatever sort of pattern you are preparing to employ once you start with Forex trade. To help with making strategies for getting in and also out of positions immediately, rely upon the 15 minute and also hourly charts to help you prepare the entry as well as exit areas. At the same time, the scalper could rather use the 5 as well as 10 minute tables in order to enter and leave in minutes.
Across the community connected with Forex currency trading, generally there are actually quite a few strategies which inturn you have got at your fingertips to generate better investments. The world of forex contains a bit of something for everyone, nonetheless what exactly works for someone may not for another. Hopefully, all of these suggestions have offered you a beginning point to your unique tactic.
Source: http://www.articlesbase.com/finance-articles/a-few-helpful-forex-currency-trading-helpful-hints-5800713.html
Read More »Forex Traders should develop some strategies before entering into the trade market in order to get edge. The successful traders always come up with Forex trading strategies. Following are the some simple and straightforward Forex trading strategies:
The most important thing is that why you are entering into the Forex trading, why not any other business? Determine the motive behind it and it’s the utmost Forex trading strategy to find out the currency or currencies in which you are going to trade.
Don’t go for the others word of mouth. Do your self and decide yourself. Make enough research before start trading. Successful trader knows why he is in the market. Go through the past data, trends of the market, political and economical situation your interests and your entire main motive behind entering into the Forex trading. After getting yourself clear about the reason for which you are going to trade in Forex market select the pair of currency which you opt to trade. Every currency has its peak time so hunt the currency when it will yield the profit for you. The busy hours are the best hours for the trading of currencies.
Successful traders come up with the targets in order to achieve their goals. Among the Forex trading strategies target setting is getting much important. Decide how much you can loose and how much of the money one wanted to get from his investment. In this way you can minimize your risk to the maximum extent. It will line you up while doing business and set certain rules for yourself. Analyze your strengths, weaknesses, opportunities and threats and have an audit of yourself. Over-estimation and over-expectations are not realistic.
If you are setting your Forex trading online strategies and have not give any consideration on the management of money than you are ignoring something important. Make your investment portfolio, make wise judgments and develop historical record. Track overall trading record of the business to make future forecasting. Investing in Forex trade comprises of risks while no one wanted to loss part of his money. Learn from your mistakes to plan best for the future.
Professionalism is the most important aspect of trading online. In order to yield huge amount of profits the Forex trading strategies should be professionally well planned. Your capital is always at risk in the Forex market so plan your targets and set your goals in the professional way. Forex trading strategies manage you and organize your activities.
In order to protect your money and to get maximum output from the investment the Forex trading strategies should yield some profit.
There are several Forex trading strategies and mainly are available online. The Forex Trading Strategies which are simple and comprehensive are widely accepted among Forex trading market.
These were some simple and straightforward Forex trading strategies but following them will discipline your trading in an effective way.
Source: http://www.articlesbase.com/finance-articles/some-important-forex-trading-strategies-5800992.html
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