Benefits of Using Metatrader Indicators

Today is Metatrader indications. It’s used worldwide by both experienced and fresh foreign exchange traders. You will find lots of Metatrader indications accessible available on the market by anyone wanting to use it. The applying has the advantage of enabling its customers to earn significant revenue by working smartly because they plough their way with the foreign exchange exchange industry. Unlike in the past before technology was applied in foreign exchange, the burden of labor the first is likely to grapple with has reduced with a bigger margin.Besides the proven fact that the characteristics are extremely user-friendly, individuals who’re working their method to take part in the foreign exchange market may also easily travel through the stated market too without breaking a sweat. However, many are a little skeptical especially individuals who don’t know what these Metatrader indications are. Read onto be aware of benefits that exist should you choose to find the aid of the unique foreign exchange buying and selling Metatrader.

1.this program allows customers from around the globe to have the ability to utilize it. It features a built-in option that causes it to be possible to make use of different foreign currencies. As a result you may be residing in Kenya but still have the ability to trade in Europe. Additionally to integrating various foreign currencies, Metatrader indications usually allows using historic information although undertaking backup testing.

2.This program uses large historic data when you are performing some back testing. Also, every single data may have their very own support that may be available at the server from the Metatrader.

3.Metatrader indications happen to be designed with advanced home security system unlike what you might have heard. The machine causes it to be essential for each user to possess multiple authentications. This allows the applying to produce an environment where traders may have a feeling of security while buying and selling without needing to be worried about the options of breaches while online.

However, don’t expect this program is perfect. You may also face a few disadvantages while using the metatrader 4 indicators. It might only base its choices around the recommendations that you simply set just before using this program. You will find also occasions the Metatrader indicator wouldn’t give immediate reaction to the foreign exchange market particularly if there it’s expensive news.

Country Financial: Your Trusted Partner in Financial Planning

Managing your finances can be overwhelming, especially when you don’t have the right guidance. That’s where Country Financial comes in. Country Financial is a leading financial services provider that specializes in helping individuals, families, and businesses manage their finances effectively. With a team of highly qualified financial experts, they offer a wide range of services designed to meet the unique needs of different clients.

Here’s a comprehensive guide to Country Financial and the services they offer.

Insurance Services

Insurance is an essential aspect of financial planning. Country Financial provides various insurance services that include home insurance, auto insurance, life insurance, health insurance, and more. They work with clients to determine the best insurance coverage options that fit their unique needs and budget.

Retirement Planning

Planning for retirement is crucial in ensuring that you have a comfortable and secure retirement. Country Financial offers retirement planning services to help clients prepare for their golden years. They help clients understand the different retirement options available and create customized retirement plans that align with their financial goals.

Investment Services

Country Financial offers a variety of investment services to help clients grow their wealth. They provide personalized investment strategies that are tailored to each client’s unique financial situation and goals. Whether you’re looking to invest in stocks, bonds, mutual funds, or other investment vehicles, their team of experts can help you make informed decisions.

Estate Planning

Estate planning is vital in ensuring that your assets are protected and distributed according to your wishes. Country Financial provides estate planning services that include creating wills, trusts, and other legal documents. Their team of experts can help you navigate the complexities of estate planning and ensure that your assets are protected.

Education Planning

Planning for your children’s education is an essential aspect of financial planning. Country Financial provides education planning services that help clients save for their children’s education expenses. They work with clients to determine the best education savings plans that fit their unique needs and budget.

In conclusion, Country Financial is a trusted partner in financial planning that offers a wide range of services designed to help clients manage their finances effectively. With a team of highly qualified financial experts, they provide personalized solutions that are tailored to each client’s unique financial situation and goals. If you’re looking for reliable financial services, Country Financial is the right choice for you.

Great American Financial Review: A Comprehensive Guide to Financial Services

In today’s fast-paced world, managing finances can be quite challenging. Whether you’re an individual, a small business owner, or a large corporation, it’s essential to have access to reliable financial services that can help you make informed decisions and achieve your goals. That’s where Great American Financial Review comes in.

Great American Financial Review is a leading financial services provider that specializes in helping clients manage their finances effectively. With a team of highly qualified financial experts, they offer a wide range of services designed to meet the needs of different clients.

Here’s a comprehensive guide to Great American Financial Review and the services they offer.

Investment Services

Great American Financial Review offers a variety of investment services to help clients grow their wealth. They provide personalized investment strategies that are tailored to each client’s unique financial situation and goals. Whether you’re looking to invest in stocks, bonds, mutual funds, or other investment vehicles, their team of experts can help you make informed decisions.

Retirement Planning

Planning for retirement can be overwhelming, especially if you don’t have the right guidance. Great American Financial Review offers retirement planning services to help clients prepare for their golden years. They help clients understand the different retirement options available and create customized retirement plans that align with their financial goals.

Insurance Services

Insurance is an essential aspect of financial planning. Great American Financial Review provides insurance services that include life insurance, health insurance, disability insurance, and long-term care insurance. They work with clients to determine the best insurance coverage options that fit their unique needs and budget.

Estate Planning

Estate planning is crucial in ensuring that your assets are protected and distributed according to your wishes. Great American Financial Review provides estate planning services that include creating wills, trusts, and other legal documents. Their team of experts can help you navigate the complexities of estate planning and ensure that your assets are protected.

Tax Planning

Great American Financial Review also offers tax planning services to help clients minimize their tax liabilities. They help clients understand the tax implications of their financial decisions and create tax-efficient strategies that align with their financial goals.

In conclusion, Great American Financial Review is a comprehensive financial services provider that offers a wide range of services designed to help clients manage their finances effectively. With a team of highly qualified financial experts, they provide personalized solutions that are tailored to each client’s unique financial situation and goals. If you’re looking for reliable financial services, Great American Financial Review is the right choice for you.

Exploring the World of Forex Strategies

Are you looking to dive into the world of foreign exchange trading? If so, you’re in the right place.

Forex strategies are an essential part of successful foreign exchange trading. With these strategies, you can make informed decisions about when to buy and sell currencies, as well as plan for long-term investments. This can help you maximize profits while minimizing risk.

In this article, we’ll explore different forex strategies, including fundamental analysis, technical analysis and swing trading. We’ll also discuss strategies such as risk management and portfolio optimization. By the end of this article, you’ll have a better understanding of forex strategies and how they can be used to maximize your trading profits.

What Is Forex?

Forex, also known as foreign exchange or FX, is the trading of one currency for another. It is one of the most popular global markets where participants from all over the world can trade currencies. It involves buying and selling currency pairs in the hopes of making a profit from the exchange rate. The most actively traded currency pairs are USD/EUR, GBP/USD, USD/JPY, and USD/CHF.

Unlike stocks or commodities, Forex traders are not limited to trading one currency for another. They can also use tools such as spreads, contracts for difference (CFDs), and forex options to gain exposure to a larger range of global markets. In addition, Forex traders can take advantage of leverage to increase their potential returns from trades. This means that with a small capital investment they can control larger positions than they could with regular trading accounts.

Forex is an exciting way to speculate on global markets and create additional income sources. With its 24-hour availability and low transaction costs, it provides an efficient way to diversify your portfolio without having to pay large commissions.

Benefits of Investing in Forex

Forex trading can be profitable, but it is not a get-rich-quick scheme. It is important to understand the risks associated with Forex trading before investing any money. When done correctly, Forex trading has the potential to provide a steady stream of income.

There are a few key benefits to investing in Forex:

Leverage: The use of leverage can significantly maximize your profits, as you’ll only need to put up a small amount of capital (called margin) for each trade you make.

Liquidity: The large size and depth of the Forex market ensures that you can enter or exit any position quickly and easily, minimizing slippage.

Low Commission Cost: Most online brokers charge very low commissions on trades, allowing traders to realize more profit from successful trades.

24/Hour Market: The Forex market is open 24 hours a day, 5 days a week meaning you can take advantage of price movements at any time.

Limit Price Risk: By placing stop losses, traders can limit their risk level on each trade they make.

By being aware of these benefits and being mindful of the risks involved in Forex trading, investors have the opportunity to realize greater profits while also managing their risk exposure.

Different Types of Forex Trading Strategies

When it comes to forex trading, there are several strategies which investors can use, depending on their level of expertise, risk appetite and investment goals.

Fundamental Analysis

Fundamental analysis is a popular approach to forex trading which involves studying news events and economic data such as inflation numbers and interest rates in order to determine the direction of a currency pair over time. Fundamental analysis is especially useful for long-term investments as it helps traders gain an understanding of how external factors could affect the value of a currency over the course of weeks, months or even years.

Technical Analysis

Technical analysis is another type of forex trading which involves analyzing the movement of price action to predict future market activity. This type of analysis focuses on chart patterns and indicator signals such as MACD and RSI. Technical analysis is often used by short-term traders who are looking for quick profits by taking advantage of small price movements in the market.


Scalping is a type of forex trading strategy that attempts to make multiple small profits from short-term market movements. Traders who use this strategy will enter and exit positions very quickly, usually within minutes or seconds, in order to profit from even the slightest increase or decrease in a currency’s price. This type of strategy requires traders to remain very active in the markets, often making multiple trades within a single hour.

Technical Analysis for Forex Trading

Technical analysis is an important strategy for forex trading, as it looks at patterns in the market to identify future trends. It involves analyzing all the data available about a particular currency pair and its history of movements, to determine how the price will change.

The key principles of technical analysis are:

Identifying support and resistance levels – This refers to the areas where prices tend to stop rising or falling in a trend.

Analyzing chart patterns – This involves looking for repeating patterns in price movements that can signal possible changes in direction.

Keeping an eye on indicators – Technical analysts use various indicators such as moving averages or stochastics, to show possible areas of support and resistance, momentum and overbought/oversold conditions.

Technical analysis is most effective when used in conjunction with other strategies such as fundamental analysis, which looks at the overall economic picture and influences on currency values, or sentiment analysis, which looks at investor sentiment towards certain currency pairs. By combining these strategies, traders can gain valuable insights into future market movements and make informed decisions on when to open and close positions.

Fundamental Analysis for Forex Trading

The fundamental analysis approach to Forex trading is one of the primary strategies within the industry. This methodology looks at key economic indicators such as GDP, employment figures, and inflation, as well as central bank policies to predict how these may influence currency markets.

Traders who engage in this strategy often try to identify which currencies will do better or worse than others over a period of time. By taking into account political and economic developments, traders can develop an overall picture of how the exchange rate between two different currencies might move.

Fundamental Indicators

Fundamental indicators are those that provide insight into the general health of an economy. This includes information such as gross domestic product (GDP), inflation rates, interest rates, unemployment levels, retail sales data, and manufacturing activity reports. All of these factors can have a significant impact on currency prices as they help to determine a country’s ability to support its own money when compared to other nations.

Central Bank Policies

Central banks are responsible for setting interest rate policies for their respective countries. These policies can have a direct effect on currency markets due to their ability to influence global demand for a particular currency pair. For example, if the US Federal Reserve set higher interest rates than other central banks then investors would be more likely to purchase US dollar-based securities in order to reap higher returns on their investments. By taking into account the actions of central banks around the world, traders can get a better understanding of overall market sentiment and determine potential price movements in specific currencies.

Managed Accounts & Automated Trading

Trading forex can seem intimidating, but using a managed account or automated trading system can make it easier. Managed accounts are hands-off investments in which a dedicated trader manages your portfolio and trading activities for you. Automated trading systems, on the other hand, allow you to set parameters and rely on software programs to make trades for you.

Managed Accounts

Managed accounts provide access to professional traders who have the knowledge and experience to help you maximize your returns while minimizing your risk. These traders use a range of sophisticated strategies that take into account both short-term and long-term trends in order to achieve success.

Automated Trading Systems

Automated trading systems are computer programs that use algorithms to make decisions about when and how to trade forex. This means that you don’t need any prior experience as a trader in order to use them – all you need is a computer with an internet connection. Automated trading systems can also be used on multiple devices, so you can manage your accounts even when you’re away from the office or home.


In conclusion, when it comes to successfully trading forex, there is no one-size-fits-all strategy. Every trader must assess their risk appetite, style of trading, market conditions, and resources to identify a strategy that works for them.

By combining technical and fundamental analysis, traders can develop strategies that make the most of their trading capital. With the right combination of research and practice, traders can develop strategies that will help them reach their goals.

The world of forex can be overwhelming and intimidating at first, but with the right resources and strategies, you can become a successful forex trader. With time, dedication, and a willingness to learn, you can build a strategy that works for you.

No “Definite Formula” In Forex Trading

No “Definite Formula” In Forex Trading
Anyone who has spent any amount of time trading Forex will tell you that there is no “sure formula”, or one indicator, method, strategy, or system that will give you forex trading profits 100% of the time. In fact, a consistently profitable trader will be more likely to tell you that losing is as much a part of trading as winning.

But as shady brokers love to inflate the idea of getting people to open forex accounts and hope for an eternal wellspring for humanity, there is no shortage of trading amateurs and pros alike who continue to believe in a one-pan plan for profitability.

Here are three reasons why you’ll have better luck being the first man (or woman) to reach the sun than discovering the “sure formula” for forex trading:

1. No one can be prepared for ALL the uncertainties of the market.
One of the advantages of trading forex is that the bajillion factors that move currencies make it difficult for any individual or group to influence price action over a long period of time.
Unfortunately, this also makes it more difficult for traders to predict future price action.

Unless you get a superpower that lets you know what previous central bankers and economic influencers would say; warn you about natural disasters and ensuing terrorist attacks, or prepare for similar circumstances, and you won’t find a definitive formula any time soon.

2. People drive markets.
At least for now. Although mechanical trading systems, in general, have gained popularity over the last few years, humans still control the ebb and flow of the forex market.

Reasons Why There Is No “Definite Formula” In Forex Trading

Human behavior is one of the reasons why we still see trading opportunities, where the price does not reflect its value based on available data and existing market themes.

The daily multiplied scenario will leave us with an unexpected mix of potential price reactions.

3. No strategy is profitable in ALL trading conditions.
Those who have spent some time with the markets know that, like human behavior, there are patterns that tend to repeat themselves on charts.

EUR/USD may react to Stochastic’s signals and trade in the 100-pip range for days. Likewise, AUD/JPY can be counted on to bounce lower from a retest of the 100 SMA.

But what if the pattern ends and the price switches to another pattern? Most trading systems only work well until the price shifts into another pattern. Constant shifts in trading conditions and the unpredictable timing of their occurrence make it difficult for traditional technical tools to be reliable all day every day.

It takes wisdom to spot changing patterns and to identify which strategies will yield profits.

Just because there are no indicators 100% doesn’t mean you can’t be profitable trading forex. There are those who can trade full time and even more who are part time traders and are satisfied with consistent profits.

The key is controlling your risk. Since you can’t get rid of them, the least you can do is fully understand how margin trading works and learn proper risk management.


1.  Fundamentals
Forex fundamentals are largely centered around currency interest rates. This is due to the fact that interest rates have a considerable effect on the forex market. Other fundamental factors include such as gross domestic product, inflation, manufacturing, economic growth activity. However, whether other fundamental releases are good or bad is less important than how they affect the country’s interest rate.

Traders reviewing fundamental releases should keep in mind how they may affect future interest rate movements. When an investor is in risk-seeking mode, money follows yield (currencies offering higher interest rates), and higher rates can mean more investment. When investors are in a risk-adverse mentality, money leaves the yield for safe-haven currencies.

2 . Technical
Forex technical analysis involves looking at patterns in price history to determine higher probability times and places to enter a trade and exit a trade. Consequently, technical analysis in forex is one of the most widely used types of analysis.

Because FX is one of the largest and most liquid markets, moves on the charts from price action generally provide clues to hidden supply and demand levels. Other patterned behavior such as which currency is trending the strongest can be gleaned by reviewing price charts.

Other technical studies can be carried out through the use of indicators. Many traders prefer to use indicators because the signals are easy to read, and it makes forex trading simpler.

Technical versus fundamental analysis in forex is a widely debated topic. There is no one right answer to the question which type of analysis is better and traders tend to adopt one, or a combination of both, in their analysis.

3.  Sentiments
Forex sentiment is another very popular form of analysis. When you see sentiment heavily positioned in one direction, it means most traders are already committed to that position.

More astute traders will analyze retail sentiment as well as sentiment at the institutional level. Senior Analyst Tyler Yell explains how traders can analyze Commitment of Traders (CoT) reports for clues about how the institutional market is positioned and how to apply this analysis to their trading analysis.

Forex Trading Breakouts Technique

Trading in a market that is trending strongly is very profitable. Trend Follower always observes trend direction and strength to get the most appropriate entry opportunities. But did you know, if the best way to get maximum profit from a strong trending condition is with the Breakout technique?

Breakout in forex is basically a price breakout from important levels, such as the highest (High) or lowest (Low) price, Support Resistance, Supply or Demand Area, to psychological levels. The following is an example of a Downtrend that is strong and marked by the formation of Lower High levels (lower High levels) and Lower Low (lower Low levels).

After breaking the first Low, the price slid down and posted a decline of 582 pips, starting from the top of the third High. Another example can be seen in the price breakout that occurs at the following support levels

If measured by the tools provided above, the decline in prices since breaking the support reached 5.93% or around 725.4 pips. Isn’t that amazing? Thus, it can be concluded that price movements that break important levels tend to continue in a strong trend forward. When compared to the Trend Following trading method which relies on signals of the end of a temporary correction, the Breakout technique in forex is more promising for opportunities, because it is usually driven by market psychology which universally recognizes the potential for significant movements after breaking of important levels. On the other hand, trend continuation that occurs after the correction ends are usually temporary in nature, or it is easy to return to a corrective move when the market fails to maintain sentiment. This is of course different from the strong movement after the Breakout, because prices will usually continue to slide in a trend before starting to correct.

Trading with Breakout Techniques

In the Breakout technique during a Downtrend, first determine the Support level, then the current lowest level (Low). If the Downtrend is strong, the price will definitely form a new low so that the Downtrend can continue. The most effective technique for entry breakouts in this situation is to use a pending order, which is a sell stop or sell below the current market price. The entry (sell) level should be determined below the current low. Meanwhile, for Breakout during an Uptrend, look for the last Resistance and High levels. Then use a Buy Stop Pending Order to open a buy order above the current price.
If you follow the principle of an aggressive trader, the target sell entry with a Pending Order Sell Stop can be placed as close as possible from Low 1.22156, possibly following the minimum distance (Stop Level) determined by the broker. However, if you are a conservative trader, the entry could be further than 1.22156 or even waiting for confirmation, whether from Price Action signals or technical indicators.
The second support appears to be located in the range 1.21785. You can set a Sell Stop entry target in that range, then determine the exit point by setting Stop Loss and Take Profit according to your ideal Risk / Reward Ratio. Say you adjust your Stop Loss based on the last resistance, then the possibility of SL is in the area of ​​1.24162. With a 1: 2 ratio, Take Profit will take place at 1.17031. Beware of False Breakout Traps Even though the Breakout technique in forex is very promising, it does not mean that there are no risks to watch out for. Every strategy has weaknesses that need to be taken into account, as well as this Breakout technique. Many traders who feel attracted to Breakout techniques in forex are often fooled by False Breakouts, which is when the price has broken through an important level but then reverses direction and does not continue the break.
This is why, placing a Pending Order in a proper way of trading entry is very important. This reason is also why conservative traders do not like to place entries too close to the last Low. In this case, the way to enter trading with the next price support is enough to eliminate the False Breakout trap in forex, because this area is an important range that is difficult to penetrate by mere corrective movements, or when the price is not supported by strong momentum. You can also avoid the risk of False Breakout in several alternative ways, including: Look at a larger Time Frame. If the Breakout also occurs at a larger Time Frame, then the validity of the Breakout will be more confirmed. Confirm with Price Action. Pay attention to what candlestick patterns are forming at important levels that the price is trying to break. If the candle forms a reversal pattern such as Pin Bar, Doji, Engulfing, and Three Inside (formations in the Bull Trap pattern), then you should prepare an entry trading method with a reversal strategy or not enter the market at all. To be able to enter with the Breakout technique, confirm with the shape and color of the candle in the direction of the Breakout. If the above Breakout means wait until 2-3 bullish candles are formed that close above the Resistance. Likewise, for a downward breakout, it can be confirmed by several bearish candles under Support. Use helper indicators. There’s nothing wrong with using indicator signals to anticipate False Breakouts. You can instead take advantage of the use of indicators to display graphs that represent mathematical calculations of past price movements. Types of indicators that can help you avoid False Breakouts are Oscillators (RSI, Stochastic, CCI, MACD, etc.) and ADX; Oscillator because it can show momentum, ADX because this indicator can show trend strength. The principle is easy, if the momentum or the strength of the trend is up, then the price will still have the impetus to continue the trend. However, if the momentum or trend strength is too high

Basic Forex -Forex Trading Transactions

There is a basic concept that must be understood in advance about how to profit when the forex transaction.

Trading forex / forex transactions that kind there are 2 of the transaction opening and closing the transaction.

When you perform a transaction opener, it was called the OPEN POSITION / OPEN, because you open yourself to the possibility to profit or loss can be.

Meanwhile, when you perform a transaction closing, it is called POSITION CLOSE / CLOSE to close all possible because you can gain or loss, and make it come true profit and loss.

so it could be said that the forex transactions plot:


OPEN – CLOSE, OPEN – CLOSE, OPEN – CLOSE continue like that. That’s the general idea.

OPEN type that there are 2 of BUY and SELL

What does it mean we can Buy and Sell used first? yes, in forex trading is so, but you do not need to be confused, and no to  be confused in depth, if i try to write here it will be long explanatioon You just know that in forex transactions we can BUY or SELL used first. That is all.

Now how that transaction profit?

Profit / profit would you get if:

Any price now, you BUY then prices then your UP CLOSE


Any price now, you SELL then price and then you CLOSE DOWN

So to say that a profit formula forex transactions that:

BUY ==> Price Up ==> CLOSE

SELL ==> Price Down ==> CLOSE

So if you want profit you must know the price is whether to ride or going down so that you can determine whether to Buy or Sell.

Regarding the way in order to know the price going up or going down please learn forex technical analysis.

Basic Forex – Forex Pips and contract size

“In the forex market, the unit of change in the price movement called PIP. For example, the current price of GBPUSD is 1.5600 then if then their prices change so 1.5602 is called the rose as much as 2 pips ”

Smallest Currency Unit (point / pip) and Contract Size

Point (pip) is the smallest unit of price movements in the forex. One point (pip) for the pair GBP / USD is 0.0001 while the single point for the pair USD / JPY is 0:01. Example: GBP / USD, the movement of 1.8500 to 1.8550 is 50 points.
Value per point (pip) depends on the number of contract size (lot) and the currency used.

Contract Size is the smallest amount in forex trading. In general, the contract size that is often used is the Standard Lot, Lot Mini and Micro Lot. The standard lot is equal to $ 100,000, Mini Lot is $ 10,000 and Micro Lot is $ 1,000.
If your forex broker supports Standard and Mini Lot, it means you can trade with a number of multiples of 100,000 and 10,000. For example: $ 30,000, $ 120,000, and others.

Suppose you buy (buy) GBP / USD 1 lot. Then the market moves up to 10 points. And then you close your transaction, then the advantage that you can adalahc 0.0010 x 100,000 = $ 100.

By knowing more about this lot pips and now you know that the size of the purchase amount is a lot, this loat term equivalent to the term Dozen, Kodi, RIM and others. while the size of the market movement Point or so-called PIP.

Forex Currency Explanation

What is Forex Currency?

Forex currency is traded currency in the forex business. Not all currencies are traded every country .Only the currency used for international payments are traded.

The following are the major currencies traded in the forex market:

Symbol Country Currency
USD United States Dollar
EUR Euro members Euro
JPY Japan Yen
GBP Great Britain Pound
CHF Swiss Franc
CAD Canada Dollar Loonie
AUD Australian Dollar
NZD New Zealand Dollar

Currency symbol consisting of three letters, which represent the first two letters of the country, while the first letter identifies the name of the currency prevailing in the country.
Example: AU, AU = Australia, D = Dollar. GBP, GB = Great Britain, P = Pounds Sterling

By knowing this currency Forex I hope you did not ask why the abbreviation of its currency as it was.

Forexstund – Forex Advantages

What are the advantages of forex compared to other businesses?

Here are some of the advantages of forex trading compared to other businesses:

a. Boss for yourself
Trading can be done by individuals, it does not require the help of others, you work for yourself, there is no boss that must be adhered to and no fear of losing their jobs.

b. Not bound with places and regions
because it uses an internet connection, you can trade from anywhere as long as the ground is no signal to connect to the internet.

c. Liberated time of work
Forex market is open 24 hours a day, so you can trade anytime you wills.

d. Unlimited potential profit
In a shorter time forex trading can provide greater profits from other businesses. As long as you are able to produce profits, there is no limit.

e. low capital
To be able to forex trading or betting, the required capital was comparatively small. Quite Rp. 1 million or less, you are able to perform several transactions that could potentially generate many times the profit of capital.

f. Business for everyone
with a small capital, can be anytime, anywhere, anyone can be a player or betting forex trading.

By looking at the advantages of this forex business, I hope you can take decision to pursue forex trading or not

Just remember that all this benefit only summary and depend on your ability to learn and focus with forex market system

What you need To Start Forex trading?

There are some basic trading tools needed to be able to start a Forex business include:

1. Computer / Laptop /
Computers are used to display charts of price movements, so we can do the analysis first before making a decision.

2. Internet connection
to be able to connect to the server broker, you need an internet connection.

3. Capital
this is what will we manage and we use to buy and sell currencies.

4. Basic Knowledge About Forex and analysis capabilities
To be able to take a decision correctly required a capability.
There are many ways to understand forex trading, including how to analyze the movement value. And the most important thing needed is a willingness to learn.

Basic Forex : The Meaning Of Forex

What is forex?

Forex is derived from the word “Foreign Exchange”, which means foreign currency exchange, or the exchange of one currency to another, the goal is to initially foreign payment.

Because of differences in supply and demand within a certain period of time, resulting in fluctuations in currency values compared to the other one. The difference of the average difference between the value of money at a time is then utilized to take advantage.

Since there is such understanding is finally currencies are traded in a market called the forex market.

Forex trading is an activity Buy (buy) or Sell (sell) the currency continuously and consistently for profit.

They can be interpreted that the forex trading is the core activity of currency to exchange with each other continuously for profit.

In contrast to trading stocks only make a profit if the stock price goes up we buy, the forex trading we can benefit from two directions, either the price up or down example:

The advantage of the price rise:

The price or exchange rate GBP / USD is now 1.5000
This means that 1 GBP = 1.5 USD
(1 GBP (pounds) if exchangeable into USD (dollars) to 1.5 USD)

Now I have the capital amount of $ 150.
I predict that the exchange rate GBP / USD Up
What I do is BUY GBP / USD or GBP purchased using USD, in the sense of exchanging my dollars into pounds.

After the exchange, $ 150 I changed to 100 pounds.
After an hour exchange rate GBP / USD rose to 1.7000
This means that 1 GBP = 1.7 USD

I need to do now is SELL GBP / USD or redeem back 100 Pounds which I hold to USD.
Once redeemed my 100 pounds $ 170 (100 x 1.7)
Of transaction BUY SELL within an interval of one hour of my capital was changed from $ 150 to $ 170, which means I get a profit of $ 20.

Profit-making from the price down

The price or exchange rate GBP / USD is now 1.5000
I predict exchange rate GBP / USD will go down.
So what I do is SELL GBP / USD. let’s say I want to sell 100 pounds.

Since I do not have the pounds to be sold, the process is I borrowed 100 pounds money broker to be sold or exchanged into dollars.

Once redeemed 100 pounds turn into $ 150.
After an hour of exchange rate, GBP / USD fell from 1.5000 into 1.4000
This means that 1 GBP = 1.4 USD or 1 USD = £ 0.72

What I do now is I exchange back $ 150 to pounds. So I will earn 107 pounds.

Now I hold 107 pounds .From this 107 pounds, 100 pounds, I returned to the broker, and the remaining 7 pounds this is my advantage.

From then BUY SELL transactions within an interval of one hour of my capital was changed from 100 pounds to 107 pounds, which means I get a profit of 7 pounds.

In practice it is not as complicated as explained above because every broker provides a system which facilitates customers.

Once you predict the price will go up, you BUY. if it is indeed your UP CLOSE then you profit The advantage is calculated from the number of points earned multiplied by the number of lots traded.

Similarly, if you predict the price will go down, you SELL, if you do indeed DOWN CLOSE then you profit.

By understanding that we can benefit from this two-way, the market declined and the market rises, it is hoped you can see that there is a great opportunity offered by the forex trading for you in order to make a profit anytime, anywhere and on market conditions as any.

Risk to Reward Ratio Strategy

One way to increase the profit opportunity is performing a transaction when the potential benefits outweigh the risks. For example, the potential returns three times greater than the risk. Thus the ratio is 3: 1.


See the following table as an example:



In this example, we can see that even though only half of our transactions makes a profit, but we still get a total profit of $ 10,000. Remember that if we are dealing with “risk to reward ratio,” which is good, our opportunity to book profits will be greater.

Forex Strategies With Support, Resistance, and Trendline



Basically, trendline and channel also are support and resistance. At the time of down trend, trendline serves as resistance. Conversely, when the uptrend, serves as a support trendline.


Basically, there are two strategies that we can apply based on support and resistance. The first is called “bounce trading”, the second is called “trading breakout”.


Bounce trading

There was also a call as “swing trading”. This trading method utilizes a “reflection” price when the price has reached a support or resistance and bounced from there.

This illustration will explain what is meant by this trading bounce.


Essentially you wait for no reflection on the area of support or resistance for trading. Why not conduct a proper sell at resistance or buy right on support? Because you need some kind of confirmation that the support or resistance is not translucent. It could be the price movement up or down so sharply and quickly to the right through the support or resistance. Well, sort of reflection that is the sign that the level of support or resistance is still strong.


Breakout trading


In the world of trading, the support and resistance will not last forever. At one time these levels will definitely be translucent. At such times you can still try to find opportunities with a strategy called breakout trading. Breakout trading strategy is one hundred percent different from a trading bounce. If the trading bounce you wait to buy or sell, on a breakout strategy you instead utilize support and resistance break with the assumption that the break of support or resistance tends to be followed by a rally.

The illustration below depicts breakout trading strategy by utilizing the break of support or resistance.


The strategy described above is an aggressive strategy, in which the transactions are performed immediately after getting confirmation break of support or resistance level. Yep, once again the confirmation needed to take action.


A support or resistance is considered transparent if it meets at least one of the following two things:

  1. If you are using a candlestick chart, then the body of the candlestick should be cut / pierce support or resistance line.
  2. At the time of the breakout, an increase in volume. The more significant improvement, then it is considered more valid breakout.


It had been a breakout trading strategy that is aggressive. But there are traders who choose to wait for further confirmation. Confirmation confirmation again … again … maybe that’s what you are thinking now. Get used to it, because you will repeats these words throughout your trip jungle go through this challenging trading.


Class of traders who do not aggressively implemented a breakout strategy is rather conservative. To be easier, we call it conservative breakout strategy. How does this conservative strategy?


This conservative strategy actually merges breakout and bounce trading strategy. Here’s the story. …

When the breakout has been confirmed, you do not immediately take a position to buy or sell a breakout strategy as aggressive, but you wait occurs “pullback” back to the area of support or resistance. After the pullback, you wait longer occurs reflection of the level of support or resistance. Only then you perform a transaction to buy or sell.


Complicated huh? Actually, not really. Make it easier to understand, we have prepared an illustration to describe this strategy.


Good strategy breakout aggressive or conservative has its own advantages and disadvantages. If you use a breakout strategy is aggressive, your benefits are immediate entry and you can not miss “moments”. But of course, this strategy has its drawbacks. Suppose that you have a sell immediately when support breaks, but in fact, prices rose again and was back into the support earlier.

Conservative strategy has the advantage in that regard. By using this strategy, you’re likely to get caught is smaller as you wait for a pullback ahead and seek confirmation of reflection. But keep in mind also that the pullback NOT ALWAYS HAPPEN after the breakout. This is where the weakness of the conservative strategy, ie you will potentially lose the opportunity to entry because it was already running.

Every trader has a different style. You can decide whether you are going to be the aggressive or the Conservatives. For the patient, a conservative strategy might be appropriate for you to apply. However if you are a private agile and like the challenge, may be more appropriate to use an aggressive strategy. Please select according to your personality.

Guidelines For Forex Trading Plan

Every trader in whose name the trading should have a trading plan. There is a phrase that says “if you do not have a plan then you plan to fail”. This might sound corny but when you are trading forex you will definitely believe.

A successful trader has a trading plan that begins with the general picture and then implements them in a rule referenced in the transaction. In addition, it is also no less important is make a record or journal of trading you do. By having a journal or record it will help you later on in evaluating your trading plan. Here are some guidelines that you can follow in the learning process to develop a forex trading plan:

1. Expectations / Hope

Why did you decide to jump in forex trading and what do you expect from this trade? With this build from beginning it will help to make your trading on track, and ward off disappointment.
2. Plan Risks

Previous decide how much capital you want to use for trading, of course, these funds will not disturb your household finances or crude language parking fund. Probably sounds corny, but psychologically it will greatly affect your mental, other than that specified how big your target. Do not even once risking more than you can bear, you should not feel the trauma or despair when you experience loss, to try to identify the risk you are prepared to the liability of any transaction that you make at the beginning. In the sense that once you get a position at that time you already know how much risk you are prepared to bear.
3. Goal / Target

Set a reasonable goal of any profit you want to earn in a certain period, it should be based on the strategy that you use and the target is also calculated based on the daily periods to those that include day traders, weekly period to those that include swing trader and period monthly for those who like scalping.
4. Strategy

Make detailed rules of strategy you use, the time frame you use, the indicators that you use as a trigger or triggers and indicators to be used to confirm the required before you enter a position if signals a Buy or Sell, you must also specify in detail under what conditions you exit or close a position, when to take profit or stop loss set.
5. Evaluation

This is the last step of the important but often overlooked or not done by many traders, to evaluate your trades in advance will make your trading will be more developed. By evaluating trading transactions are carried out before then you’ll know whether in accordance with the trading plan as well as your target and also to review the loss of your trading and find out what causes it.

If you apply trading recklessly, then the results will reflect your trading. Trading plan used to base your trading success in the future

Factors Affecting Forex Movements

Let’s take a closer look, four factors affecting the change of currency rate movement.


Capital market

The capital market is the most visible indicator of a country’s economic health related. Strengthening or the fall in the stock market of the country is usually the economic signals in the eyes of investors.


Forex traders rely heavily on economic data that in many cases the same economic data will have an influence on market movements.


International trade

The level of trade between countries representing a request for goods or services of a country. The higher the demand will typically have an impact on strengthening the country’s currency. Example: to buy goods from Australia, an importer who came from outside Australia should convert their currency into Australian dollars (AUD). It will also increase the demand for the AUD, so it will give effect to the strengthening of the AUD.


Surplus and deficit balance of trade is an example of economic data of a country in terms of international trade. If the surplus increases – or decreases the deficit – then the country’s currency will usually be strengthened. Conversely, if the reduced surplus – or deficit increases – it is usually the country’s currency will weaken.


Political conditions


The political situation of a country also plays a major role in the country’s economic prospects and will have an impact on its currency. Forex traders will continue to monitor the news and political events to gauge the economy associated with currency.

An election is a great event for the currency. The exchange rate strengthened if the parties have a program and a good influence for the economy came out as the winner of the election. In short, if the election winner is the one who “converted” by the market, then the country’s currency will strengthen.


The fiscal and monetary policy of the government is the most important factor in economic decision making. The central bank’s decision on interest rates that the sharp impact also affects the forex market.


Economic reports


Report economic calendar is very important when prices move fast in the market. The report on the GDP (Gross Domestic Product) or GDP (Gross Domestic Product) is perhaps the most obvious economic data because it is the basis of a country’s economic strength.


Inflation is also a very important indicator because it is an indication of an increase in prices and purchasing power. However, inflation is a double-edged sword where often there is pressure on the currency when purchasing power declines. On the other hand, it can also lead to currency appreciation because it may force the central bank to raise interest rates in order to control inflation.

Other reports such as the employment sector also carry important information about the economic power of a country. One sector data jobs

Forex Trading Strategies – Panic Selling Method

‘Panic selling occurs when the price goes down rapidly at high volume. This often occurs when some market participants log on to neutralize the movement, or when the trader is taking a sell position to force prices down far enough.


Panic selling process happens because there is a tremendous opportunity when traders were taking long positions, and make prices move down sharply mainly occurs when the fundamental statement that smacks of speculative (such as economic news or opinion of the analyst).

Here, we will explain the process of panic selling that can help you to predict the right time to take long positions after a phase of panic selling occurs.



Panic selling occurs in several stages. The figure below illustrates a scenario of panic selling as happens when the data was released.

Let’s discuss what happens at each step in the chart:


Step 1 – Something happened that caused prices to move rapidly decreases with higher volume.

Step 2 – The high volume occurs when buyers and sellers into the market to control the trend. The winner of that process then takes the trend to low volume.

Step 3 – If there is no significant trend change that occurred at a point 2 to perform the movement of the resumption, then usually there is another point to the high volume in which the movement of substantial reversal may occur.

Step 4 – This process will continue until the trend moves upwards, confirmed by technical factors or fundamental.

Now we will see how we can predict when a trend change will occur.


Selling Moment

Moment of selling will stop when the price has reached a support level. This can be seen by using a combination of trend indicators, volume by taking into account the trend has changed. There are various indicators that can be used to confirm that the trend has changed.


As a trader, you can choose how many indicators to confirm the trend liking. The fewer confirmation indicators are used, the higher the risk and the higher the rewards will be (in the sense that, the longer you wait to be confirmed, the potential benefits will be reduced).


Rules for using the moment of selling are as follows:

  1. The first price should decrease rapidly with high volume
  2. The volume will spike, make a new low, and appears to reverse the trend. Look for candlestick patterns that indicate a battle between buyers and sellers (engulfing).
  3. Price wave higher low to be seen, this is the moment of opening a buy position.
  4. A sideways movement in the area below the trendline would happen.
  5. Moving averages with 40 and / or 50 days to be penetrated by the price.
  6. Note that you can use moving averages by connecting the highs or lows. Typically, the period of sideways from a larger moving average will indicate when a sideways moving average with a smaller trend.


Panic selling naturally creates the opportunity for traders to open long positions with a lot greater benefit. Those who know when it will happen panic selling will potentially benefit more from phase retracements or price movements that occur after that.

How to find Your Trading Style

The forex market offers many opportunities that can be taken to make profits in forex trading. But to be successful, you have to know beforehand advantages and weaknesses. Most forex tutorial teaching only “The right way for trading”. And this is not entirely true. As an adult, you will be hard to change your style of trading, while the market is changing all the time. Therefore, it is much easier to find a trading technique that fits your personality rather than trying to adjust to the way trading other people who may be “expert trader”. Forex tutorial article will discuss how to find your style of trading.
Trading strategy

So why fishing and skiing downhill so important? Believe it or not, this is the question of trends and counter trends in trading. Anglers are the trend, skier likened contrarian trend. Trader trends, they are like anglers bait several times before finally getting the fish. On the other hand, downhill skiers, seeking the sensation of speed before he reached the end goal. If the note is similar to profit as soon as possible because the currency price movements are fast. Does fishing always lead to trends and ski bucking the trend? Of course not. However, the activity you choose certainly reflect your trading style.
Time Frame
The second most important question is whether you are more comfortable using the time frame for the short-term or long-term? Generally, traders who trade based on the trend would choose a longer time frame for developing trends in forex trading by months rather than days. While that prefers to use a fast changing market sentiment will operate on a shorter time frame.

Typically, the short time frame that is effectively used is the hourly chart with a target average profit / risk of at least 30 points, due to the nature of the market that spreads led to a smaller time frame less effective. For example, the pair EUR / USD, which is the most liquid instrument in the world and usually widespread bid and ask ya 3 points. A trader with a profit target of 10 points should get 13 points profit (10 points + 3 points spread), but sometimes he just gets 7 points only (10 points – 3-point spread). This is what causes many traders think negatively because of the difficulty of finding profits in short time frames.
Analysis Type

Once you determine the best time frames, the next question is: what kind of analysis you will use to trade forex? There are currently a lot of debate between fundamentalists and technically
Fundamentalists mock technical attempts to forecast future price movements by looking at the current price movement on the chart. Proponents of fundamental analysis technical analysis consider such ancient rituals forecast the future of the stomach contents of dead animals. News, economic reports and comments from monetary officials is the main tool fundamentalists. Technically ignore the data as something sad and contradictory, they believe the market response in addressing the news will be reflected in the price movement before and will be a guide to future price movements.

Which one will be the winner? None. Trading in terms of technical or fundamental only as figments, like boxing in the race for the world title with one hand tied behind my back. Fundamentalists can talk, due to the global demand for oil will push crude prices to $ 100 / bbl and they buy the Canadian dollar as the greenback, but when seen in near-term chart of USD / CAD looks oversold, then it is likely they will lose money

– even when a few moments later turned out they were right analysis. Conversely, technically  use Fibonacci numbers to determine benchmark prices suddenly no economic news makes the market turmoil, the level of resistance that has been made will be torn down as traders tried to cover their positions.
Fundamental to Long term, Technical for short term

You need to remember, that the fundamental factors tend to have a strong impact on long-term trade, while the technical aspects will be a strong impact on short-term trading. For the long term will usually respond to economic news as GDP growth, interest rates, and other economic factors.

For example, we see the movement of GBP / USD in 2005 in the image above. At that time the Federal Reserve Bank of New York was raising interest rates by 200 basis points from 2.25% to 4.25%, while the Bank of England, which was at that time the UK is experiencing a slowing economy and depressed consumer sentiment, choose lower interest rates from 4.75% to 4.5%. The difference in interest between the two currencies converted to almost 0% (at the beginning of 2006, has reached 0%). Traders who trade long term and short term are equally benefited for GBP / USD decline.

This pattern is similar to the movement of the USD / JPY but reversed. USD moving while the Japanese Yen remained 0%, this has led to traders taking positions with the hope of profit 20% in a matter of months. In 2006, analysts predict that the US tightening cycle coming to an end while Japan is just starting, traders responded immediately so that they can benefit substantial and analysis that they made proved to be correct.

From the above events, we can see that the fundamental factors have an effect in the long term, while technical analysis reacts within a shorter period of time. Perhaps one of the reasons why this happens is that the smaller time frame news information was not considered significant, therefore, prices tend to move to areas of support and resistance. For example, as shown in the picture hourly chart EUR / USD below, note the area swing high and swing low of, traders can install Sell position when prices were resistance and Buy at support area to benefit.

NOTE: This article Forex Tutorial:

Whether you are a long term trader or technical fundamentalist short term, the forex market can all accommodate your style. Despite the disagreement between the two is never resolved, but the undeniable truth is that you have to use a style that best suits your personality. If not, you are not likely to succeed. Therefore, the first question for the novice forex trader is not “What if the price going up or down?” But “Trader whether I have”.

Basic Forex Risk And Money Management

Risk Management

Risk affiliated factor of any business. True, there is no business that free from risk. Risks can not be deleted, but can be “controlled”.

The risks faced every form of business is a loss. Similarly in the futures trading business like this. Futures trading is a form of business that potentially high risk. However, chances of profit (return) offered no less high.

Well, in order to maximize the chances of looses it (as well as minimize the risk) risk management is needed, or what is known as the “risk management”.

By applying risk management, meaning we implement full control over our money. We can limit the extent of losses that might be we experienced. Like a game of chess, we must prepare what steps we will run and anticipation if we step it wrong.

Remember that no single person could determine the future. Thus, also nobody knows exactly where price will move. Most novice traders fail because they do not have a good risk management basis.

Risk Management Tools

In forex trading, the application of risk management is assisted by four engineering risk management: cut loss, switching, averaging and hedging / locking.

1. Cut loss

Cut loss immediately ends the transaction carried out with the losers in order to avoid the potential for greater risks.
For example, we predict the price will go down, and we do Sell 1 lot at 1.50200 level. It turned out that in fact the price moves up to the level of 1.50500, so we suffered a loss of -300 pips. Because we do not want to face the risk of greater losses, then at the level of 1.50500 Sell position before we close, with the consequences we suffered a loss of -300 pips.

2. Switching

The goal is to get rid of a loss position so as not greater then his cover by opening a new transaction as opposed to the initial transaction. Usually done for the conditions when the price movement is relatively tight.

For example, we open a Sell position at 1.50200, and even the price moves up. Arriving at the 1.50500 level, the position we’ve suffered a loss of -300 pips. If we assume that the price movement is still going up, then at the 1.50500 level we close our SELL position earlier. At the same time, we also opened a Buy position at 1.50500 level.

If it turns out the price actually increased up to the level of 1.50800, then the Buy position we were going to get a profit of +300 pips. That is, losses -300 pips due to Sell positions had been covered.

New switching should we do when we really believe that prices will continue the direction of movement. Therefore, by switching means we open a new position that would have the potential loss as well, if the prices reversed direction again. Here the required maturity level analysis and mental readiness for a trader.

3. Averaging

Averaging (or ‘cost-averaging’) is a form of risk management that is quite extreme, because basically these techniques “against” the direction of price movement. This technique can only be used for traders who have a mental “steel” and also must have substantial funds.

Suppose we do Sell 1 lot at 1.50000 level. When the price moves up to the level of 1.50500, we are not closing position earlier loss, but we add another one position Sell 1 lot. At this level, our losses have reached -500 pips.

Apparently, the price rose again to the level of 1.51000. At this level, we’ve become a total loss -1500 pips. Our loss will be covered if the price falls again to the level of 1.50500. If at this level we closed all our sell position, then our losses will be zero.

If the price falls again to the level of 1.50000, then we will get a profit of +1500 pips.

This technique is good only if we use the sideway market situation, because the opportunities for price back to our starting position is greater.

4. Hedging

There was also a call “locking”. Actually, this technique is a technique which is strange, because the trader who suffered actual losses can not do anything against the losses that have been suffered.

You should not do this. The only reason this technique described here is to let you know that there are some traders who use this technique.

When a trader sell 1 lot at 1.50000 level, he will experience a loss of -500 pips if the price rises to the level of 1.50500. (Remember yes, he has a loss, guys!)

But he did not want to “throw” the loss on an existing position. He just made a Buy 1 Lot at the price of 1.50500. Well, at this moment the trader “lock in” the loss of -500 pips. That is, wherever the price moves later, suffered losses only amounted to “lock” it.

Whatever it is, clear the trader already suffered losses. It’s no different to cut losses, it’s just that there are no closed position.

When the price rises to 1.51000, the trader closes a Buy position accomplishments in the price of 1.50500 earlier. Although this benefit a Buy position +500 pips, but do not forget SELL position remains on the bottom (the current losses of -1000 pips!). Therefore, our traders are still suffering a loss of -500 pips.

The trader losses will be covered if the price moves down to the level of 1.50500, if at this price he closes Sell position for the first time did (at the price of 1.50000). +500 Pips profit will be obtained if prices fall to the level of 1.50000.

This is the “justification” is often used as an excuse for the perpetrators locking. And to be examined again, the above incident is no different than to cut losses at the price of 1.50500, then SELL again at the price of 1.51000. Try any reckoning!

In determining the level of entry (buy or sell) and cut loss level, switching, and so on, we can combine them with technical analysis as we know.

Strategic Capital Management (Money Management)

Averaging technique has several developments that can be tailored to the resilience of capital that we have, so it is often also referred to as “capital management”.

Some developing averaging technique is pyramiding, martingale and anti-martingale.

• Pyramiding

Pyramidingis the opposite of cost-averaging. If the cost averaging we add an open position whenever a loss, then the pyramiding we add to the open position each time benefit.

In the picture shown, every time we get a profit of 500 pips, then we add again buy 1 lot. When the price dropped from 1.51000 to 1.50750, we still left a total profit of 750 pips. At this level we have met all of our buy position. If the price falls to the level of 1.50500, then the entire transaction we will break even.

This technique is good if we use the time in a state trending prices.

• Martingale

Martingale is similar to the cost-averaging. But the martingale, we add to the open position doubled from the previous position each time losses.

In this example it was shown that the trader to add short positions as much as twice the previous position every increase of 500 pips. Should prices still rose to 1.51500, then the trader will add as many as 8 Lot Sell position.

In this example, it was shown that the benefits gained when prices return to 1.50500.

To watch is if prices continue to rise, then the losses will be even greater.

This technique is worthy when market conditions sideway.

• Anti-martingale

Anti-martingale precisely similar to pyramiding, and is the opposite of the martingale, which we add to the open position doubled from the previous position each time benefit.

We should continue to pay attention to price movements, not to make a profit that reversed the direction we’ve collected instead turned into a loss.

Understand Channel in Forex

Channel is one of the tools of technical analysis which is the development of the trendline. How to draw quite simple, we just duplicate the trendline that we have made. The steps, the first time we are drawing the first trendline in accordance with the direction of the trend. In the image below, for example, we draw a trendline on the current uptrend.



Then, we draw a line parallel to the trendline. This second line then we project that connects the dots peak. Similarly, the trendline, this line must be at least connecting the two peaks. Be a UP CHANNEL or also commonly referred to as ASCENDING CHANNEL. Simple right?

As for drawing a CHANNEL DOWN; or often referred to as DESCENDING CHANNEL; as simple as drawing a bullish channel. First, the first image trendline that connects at least two peaks. Then create a line parallel to the trendline connecting at least two valleys. Below is an example of down channel.



Although, this channel is very useful. These channels can later be utilized to estimate the area of buy or sell. The second line of the channel serves as support and resistance. The line that above serves as resistance, while the line below serves as a support. To make it easy we call it the two lines as lines of support and resistance lines.


When prices are in the area support line, then we can try to look for confirmation in the form of a bullish signal to buy, with a target at the resistance line. Beware if the price breaks below the support line. If it happens, it’s good to consider removing such transactions. Of course, this will also have to see the development of the market situation. This issue will be discussed later, in the topic further.


Similarly, when prices are in the area resistance line. At that time we could try to look for bearish confirmation signal to sell with a target at the support line. Of course, we should be wary if the resistance line breaks after we do sell.


Sideways Channel


There are times when prices move sideways, so we can not draw up the channel or channel down well. In these circumstances, we can draw a horizontal channel. We call this channel such as a channel or ranging sideways channel.


Below is an example of a graph that presents three types of channels that we have discussed, the channel up, channel down and sideways channel.



The Trendline in Forex

The trendline is a very common tool used in technical analysis. In fact, its role is very important, because most good trading strategy it is a trend-following trading price movement. If we can draw a trendline correctly, then these lines can be as accurate as other methods of trading. So prepare yourself to better recognize simple line called this trendline, which unfortunately a lot of overlooked by traders. Lots of traders are still wrong in drawing a trendline, whereas simple lines are the core of technical analysis along with support and resistance.


OK, before going any further, we will discuss the types of trends first. Basically, there are only three trends: rising (uptrend), down (downtrend) and flat (sideways). We will discuss them one by one.


1. The upward trend (uptrend)

It’s simple: the ascending trend (uptrend) is the state when prices are moving up. But still, there are prerequisites to determine that the market is in an uptrend. Consider the following picture.


Caption: P = Peak (Peak), L = Valley (Trough)


Prerequisites uptrend is their series of PEAK (peak) of the higher and TROUGH (valley) were also higher. Because of the word “series”, there should be more than one. That is, there must be a minimum of two peaks in the two valleys MORE AND HIGH.


Examples uptrend in the candlestick chart:



2. Downtrend (downtrend)

Unnecessarily complicated-complicated: down trend (downtrend) is the state when prices are moving down. But as the uptrend, there are also prerequisites.


Caption: P = Peak (Peak), L = Valley (Trough)

Prerequisites downtrend is their series of PEAK (peak) increasingly valley and TROUGH (valley) were also lower. Because of the word “series”, then there should be more than one. That is, there must be a minimum of two peaks in the two valleys MORE AND LOW.

Example downtrend on a candlestick chart:



3. Flat (sideways)

Well, this is too simple. It means not sideway movement uptrend and downtrend instead. What does it mean? Yes, flat course. Remain there up and down but is limited in a certain range. In other words, there must be on the uptrend or downtrend can not be found.


Caption: P = Peak (Peak), L = Valley (Trough)


Example sideways on a candlestick chart:


Learn Forex Trading Strategy Using MACD

MACD and Parabolic SAR


At this time, we will try and analyze a forex trading strategies using the indicator MACD Crossover with Parabolic SAR indicator in chart 1 hour late. The second indicator is a standard technical tool owned by Metatrader.


In the example graph below, the pair that will be used is the EUR / USD with a 1 hourly chart which at the bottom of the chart is the MACD indicator, while at the top of the chart is the Parabolic SAR indicator with the green dotted line.




In the graph above, there are two scenarios that must be considered based on the strategy that we will discuss. Starting from the left side, and around 05:00, June 27, 2014, we see the indicator MACD signal line penetrates from the bottom to the top which indicates the price will move up, and added a few moments later Parabolic SAR indicator also gives an indication will move to the top which is marked by the dot indicator is below price.


With anticipation, the price will continue moving upwards until about noon on June 30, 2014, when the dot parabolic SAR indicator is above price start giving confusing signals.


For this trade MACD indicator has done a crossover on the signal line and confirmed by dot parabolic SAR indicator moves above the price which are the exit point which gives a potential 70-point advantage.


Some time later, on July 2, 2014, shows that the Parabolic SAR indicator moves above the price which are followed by the MACD indicator moves down through the line signal and generating price moves in line with expectations when the Parabolic SAR indicator moves below the price. The result was a profit of about 80 pips, with the profits to be taken when a signal of price moves back below the Parabolic SAR indicator.


Easy … right? But be aware that this strategy should be tried first on a demo account so that we can have the right feel when we use.


MACD Divergence or Convergence


This strategy is the most basic strategies for utilizing the indicator MACD crossover by using a divergence or convergence between price and indicator is a signal that is considered important by technical analysts and consequently regarded as a great opportunity when the signal has been identified.


In the 4-hourly chart, the pair EUR / JPY




The MACD indicator successfully made the highest bar on 4 April 2014 and started moving downtrend around June 9, 2014. On the other hand, the price continues to move higher and higher even against the MACD indicator which consolidate into a triangular pattern on the side of creating a pattern of divergence with the MACD.


Furthermore, the MACD indicator continues to move downwards to penetrate the signal line on June 10, 2014, and finally, downtrend and the price moves MACD indicator confirms movement breakout move down the final profit of about 130 points if a trader opens position near the entry to crossover.


Indeed, the divergence between price and indicator signals a change in the long term, as seen by the movement of prices in the chart above.

Learn Support and Resistance in Forex

Now we will try to understand and recognize what “support” and “resistance” in Forex

Perhaps you still remember the concept of supply and demand (supply and demand)? When a request (demand) increased and supply (supply) down, then prices will go up. Conversely, if the offer (supply) rises and the demand (demand) down, prices will drop. That said economics teacher during junior high.


Well, in fact, the price of the currency in the market is always moving up and down. It is also influenced by supply and demand on the currency. Then, there was a time in the market where the price stops moving up or moving down stops. This is certainly due to demand or supply it is not large enough to cause prices to rise or fall.


In technical analysis, we can anticipate roughly when supply or demand increases. The trick is to identify support and resistance level that was.


Support is an area where the price level at that level DEMAND large enough to withstand the decline in prices. At this level, the price tends to stop moving down and likely to rise again. Practical language, the support level is expected to hold its bearish movement.

While resistance is an area in which the price level at that level SUPPLY large enough to stop the rise in prices. At this level, the price tends to stop moving up and will likely fall again. Practical language, the resistance level is expected to hold its bullish movement.

Now let us look at the following picture:

The above example shows the line zig-zag form graph moving upwards. When the price goes up and then down again, then the highest point reached before descending again that’s called resistance.

When the price moves up again, the lowest point reached before the price goes up again that we refer to as support. That’s how we determine the support and resistance levels in line with price movements up and down all the time.

Please also note that the level of support and resistance is not necessarily a definite level. That is only natural that some traders disputing some of the numbers when determining support and resistance. Importantly, the support and the resistance is in the range of numbers that are not too far away.


Resistance becomes support, support becomes resistance


Do not be confused. Indeed the case. Here’s the story …


Although at the beginning of the discussion of support and resistance is said that these levels were able to “hold back” the rate of price movement, but it does not mean that these levels will last forever. A support will no longer be able to withstand the downward movement if it turns on when the demand is no longer big enough. In contrast, the same thing will happen to the resistance, in which the supply is no longer large enough to withstand the upward movement.


Imagine you are standing in regards to a room. There are a floor and ceiling. Ceiling our analogy as resistance, while our analogy as a support floor. In your hands, there is a golf ball. You throw the golf ball up to touch the ceiling. If your throw is not strong enough, then the golf ball will bounce again downward.

How to Read Forex Chart

In the world of forex trading, when people talk about the technical analysis that first comes to mind is a graph (chart). The technician usually do use charts because it is the easiest way to visualize the data of price movements over time. We can draw a graph to help us identify trends and find patterns that could potentially lead us to achieve an incredible opportunity.


There are three types of charts in technical analysis,  will be explained one by one.


  1. Line chart


Line chart is a graph of the simplest depicted as a line connecting the closing prices. For example: in a few days in a row trading closed at a price of 100, 200, 150, 250 … then the price levels are connected by a straight line. With this graph we can see the general price movement within a specific time period.


An example is shown below:


  1. Bar chart


The bar chart is slightly more complicated than the line chart. Chart provides information on the type of the opening price, closing, highest and lowest prices within a certain time period. Because it has such information, this chart also called OHLC chart (Open-High-Low-Close). Here is the basic form of a bar chart:




The lower end of this chart is the lowest price ever traded within a specific time period, while the upper end is the highest price. The vertical lines represent the range (range) price in that time period. Small horizontal line which is located on the left is the opening price while those on the right is the closing price. In the above example, the opening of the nutrient are lower than the closing price. However, the opening price may be higher than the closing price.


Examples bar chart in the chart is as follows:



In simple terms we can say that the bar is a period of time, whether it be one month, one week, one day, one hour, or even minute. Depending on the time frame of how long we plot the chart.


  1. Candlestick chart


Named the “candlestick” because it looks like with a candle. His full name is “Japanese candlestick chart” because supposedly he comes from Sakura country. Chart of this type provides the exact same information with a bar chart, only “posture” over her “sexy”.



The basic shape and how to read is as follows:


Build Your Own Forex Trading Plan

For a novice trader, if you follow the example of another trader or trading following the way of other people who you think is more senior than you. It was not wrong, but do not ever follow the advice of others implicitly.


Each trader can have different views on the market. Similarly, the way of thinking, risk tolerance, and a target, of course, different too. Just because someone has a trading method that they can do well and be successful, not necessarily the method is also suitable for you. In other words, doesn’t mean you can run a trading method is well and successfully too.


Have your own trading plan, which according to your character as a trader, and constantly updating its line with experience you learn the market. A wise man said: “If you fail to plan, then you have already planned to fail.”


Build a trading plan and run it well is closely associated with the discipline. But discipline is not enough. True, it is not enough. You have to have a super strict discipline. Yes, super tight! Has a super tight discipline is the most important characters of a successful trader.


Super strict discipline that you need to run a trading plan that you wake up earlier. The trading plan itself is a guide on what you should do, why, when and how you will do it. The trading plan covers your personality as a trader, personal goals, risk management and trading systems will apply.


If you are running a trading plan with discipline super tight, then you will be able to minimize errors that occurred in the trading and by itself would minimize the risk (note the word “minimize”. We did not use the word “eliminate”). Your emotions will usually dominate yourself when your money is in jeopardy. Often people will make irrational decisions in moments like that. A good trader is not allowed to make decisions that are irrational. Trading plan was good (and super tight discipline) will keep you from making a bad decision in difficult times.


With a good trading plan, every decision that comes out has-considered, so that you will avoid making rash decisions in a difficult situation. All you need to do is keep to the original plan, the trading plan. There is a sentence in English that can be described easily: “Stick to the plan!”


Why You Need a Trading Plan?


It was mentioned earlier that the trading plan will protect you from making rash decisions. In addition, the trading plan will make your trading much simpler than if you did not discount trading plan.


Have you used Google Map facility? With Google Maps, you can find out the location of a place. If you want to travel to these places, you can simply enter your current location or enter your destination. Then Google Map will give you the best route and directions to get to the location of your destination.  You need to follow the direction so that you can minimize the risk of getting lost.


Your trading plan works similar route and directions were given the Google Map. He will show you where you are now and helps you to achieve your goal as a trader, namely a consistent profit.


Trading without a trading plan is almost as bad as traveling without knowing the direction and the destination location. Your goal is to reach trading consistent profit, but it is nonsense if you do not know how to achieve that goal. As a result, instead of obtaining a consistent profit, you are consistently destroying your trading account.


With the trading plan, you’ll know what you should do. You will soon know if it turns out you’re walking in the wrong direction. You will have a standard to measure your trading performance. You will always know what to do if you turned out to be ” the wrong direction”.


The trading plan also will help reduce the potential stress and emotional trading. Can heck, trading without a trading plan, but your trading style will be haphazard. Buy and sell signals based only on instinct or unclear. It does not trade name. That is tantamount to gambling.

Having a trading plan is no absolute guarantee that you will succeed. But at least, to have a trading plan you will be able to evaluate what is wrong with your trading if you fail.


In fact, due to failure in trading because they do not have a trading plan or execute a trading plan properly. This is the fact.

The majority of novice traders do not have a trading plan. Through this program, you will try to be a minority that can actually survive in the world of trading.


Know Your Character


The first step to that is needed to build a trading plan is to recognize your own character. Basic trading plan you are your own character because it is you who will run the trading plan. By knowing your personal character, then you will know what kind of trader you this. It is called the trader profile.


If you already know your profile as a trader, you will be able to know what kind of trading method that fits your character. Strategies, systems, or methods that do not fit with the character you would reduce your chances for success.


Set Objectives

Set your goals as a trader. It would be better if you also have a certain motivation that could spur the spirit and strengthen your commitment. A person will not be successful as a trader if he is a serious commitment. He will quickly crush by the market.

Remember that your goal was trading course is to obtain a consistent profit. If your goals are trading just for fun to test your nerve, then the goal will not be able to walk together with the aim to achieve the consistent profit. At any given moment you may be enjoying periods of stressful when your transaction is swayed by the market. But believe me, you will be hard to be able to show “the face of fun” when your account following market collapsed. If indeed “a fun test your nerve” that you are looking for, please do “recreational” a kind of bungee jumping or parachuting, instead of trading.


Set Target


We recommend that you set your profit targets with explicit and specific numbers. For example, $ 100 per day, $ 1,000 per month, 20% per month, 50% per month and so on. Clear targets, in turn, will help you determine which strategy you want to apply. You will be able to evaluate your trading development, whether improved or otherwise.


Risk Capital


The trading world is a harsh world. Losses for the sake of losses will probably hit you. That’s why you need to set risk limits. The term is risk capital.


Risk capital is the amount of money in case of “lost” you are still going to feel fine. If in the course of your trading experience loss, the risk capital is the first time will leave your account. So, even though the money is gone, you will not lose your home and your family will be fine. Thus, the magnitude of this risk capital should be according to your ability.


Therefore, do not trade with money that was initially to be used to pay bills or pay for the purposes of everyday life. Imagine if the money is gone because you lose money trading, might you not eat later.


Define Strategy

This strategy related to risk management, money management, and trading systems. In the previous chapter, you’ve learned about this trading system. Well, in the next chapter you will learn about money management and risk management so that your trading system can balance with the power of your capital.


For example, in a trading strategy set amount of funds used each time a transaction, the amount of risk for each transaction, the target to be achieved and what trading signal is used.

Forex : MACD + EMA = Momentum

To trade in forex trading, you have to find the right time to enter or exit a position. Additionally, you must have a mental “steady” when the price target has not been achieved as desired.


You need discipline because it is key to gain Profit in Trading

Impulse is a system designed by Dr. Alexander Elder to be able to identify the appropriate entry point with momentum. Indicators that can measure the momentum in the market will be strong capital for traders.


How to open position

One indicator that can identify market is an indicator of the exponential moving average (EMA)

This indicator serves as a tool to determine the uptrend and downtrend. When EMA appears to rise, then the price will potentially bullish, and when EMA looks down, then the price will move looks bearish.


To measure market momentum, traders can use the histogram moving average convergence divergence (MACD), which is an oscillator that can display the rate of change in the movement of bull and bear. When the slope of MACD histogram rises, then the price will be bullish. When the MACD falls, then the price will move bearish.


This system will issue an open position signal when both indicators move in the same direction.


If the signal from the EMA and MACD histogram moving in the same direction tend to provide the information that the price is moving in an uptrend or downtrend. When the indicator EMA and MACD histogram is moving upwards, then the bullish trend will have a control on the trend, and the uptrend will accelerate. Conversely, when the indicator EMA and MACD histogram falls, then the bearish trend is in control and the downtrend will dominate the market.


The principles above is one way to identify points of open positions on the trade. If the period that you use are on the daily chart, then you should be able to analyze the weekly chart to determine the bullish or bearish. To determine the long-term trend in the market, you can use the 26 EMA on the weekly chart and MACD histogram on the weekly chart.


Having acquired long-term trend, then you can use daily charts you use to follow the direction of trade are visible on the weekly chart.

By using the 13 EMA on the daily charts and MACD histogram 12,26,9, prices will potentially give the signal for the open position.

When the weekly trend is rising, and the signal will be seen in the open position 13 EMA and MACD histogram that appears and gave a buy signal is strong enough and the opportunity you to open a buy position.


Conversely, when the weekly trend is moving down, wait 13 EMA indicator on the daily charts and MACD histogram gives a bearish signal. Momentum like this would be a strong signal to open short positions, and you have to close short positions when the sell signal is lost.


How to Close Positions


Doing forex trading by finding the right moment to open a position when the market is moving is an absolute requirement. As we know that prices move in trends on a weekly walk, and the best movement is the movement which regularly shows the trend of Intra – day strong enough.

As mentioned earlier, once you can identify and open trading positions with a strong enough momentum (daily EMA and MACD histogram are both moving up or down).


You must have the momentum right out of your open positions. Daily MACD histogram is usually (but not always) will give a signal, when the momentum is reversed and started to weaken then the moment to give the information that the positions that are currently open are likely to be shut down. Exit signal will go out when these two indicators move in opposite.


When the weekly trend is moving down and the daily EMA and daily MACD histogram falls, it’s time for you need to get out of long positions that have been opened in advance up to one indicator stops issuing a sell signal.


Exit point requires swift action and the exact moment when a trend is identified apparently soon be nearing an end.

Candlestick Patterns “Tweezer” In Forex

Steve Nison popularizing the candlestick chart in America. One pattern is the tweezers candlestick introduced below (bottom) and the tweezer (top). Tweezer can be seen with different forms, but all have some common traits. This pattern sometimes appears at the turning point of the price movement.


In trading, candlestick charts can be used for analysis may indicate that there is a potential reversal of the direction or can be used in a wider context of market analysis to provide trading signals for a subsequent trend movements.


The Japanese have been using candlestick charts for commodity trade since the 17th century because they can see visually to monitor price movements.


Tweezer candlestick is formed with a body that is visible from the difference between the opening and closing price. If there is a “shadow” on the tweezer at both ends of the candle will be characterized by high and low prices in the period. Candle black or red means closing price close to the bottom, while the white or green candle shows the closing price closed in an upward direction and higher than the opening.

Tweezer usually located above and below, have a pattern – a pattern that indicates a reversal of the trend despite the broader context of an additional candle is usually needed to confirm the signal.


tweezers + tops

Tweezer above pattern often occurs when there are two tallest candle is almost exactly at the same level. Pattern tweezer under occurs when there are two candle lows that occurred at almost the same level after a decline.

Other additional criteria, usually the first candle has a great body (viewed from the opening and closing price differences) but the second candle can be almost the same size.


tweezers + bottoms

For example, in a pattern Tweezer above, the first candlestick candle possibility is very strong, with a high closing price, while the second may be a doji candle (cross-shaped).


Patterns tweezer tweezer top or bottom pattern indicates that the first candle is in a strong movement, while the second candle is a candle instead which reverses previous movement which has been a shift in momentum in the short term, and traders should know him.


Bearish Tweezer Top

A Tweezer Top bearish occurs when movement has formed a bullish candle is higher, and the closing price is close to the highest price (a bullish sign). But in the second candle, a candle with a reversal pattern.


Tweezer Bottom Bullish

Conversely, a bearish tweezer bottom occurs during the downward move when the market is bearish and the price continues to move lower, and usually near the candle closed at the lowest price (a bearish sign). But in the second candle, a candle with a reversal pattern.




Candle usually formed body with an equally high or low (this is very important).This formation is the continued downturn or continuation of price movement.
Formation tweezer tops tend to form with two or more candles.
Formations better addition is the doji or hammer that makes a second peak that will add a signal that confirms that there is a shift in market movement


Tweezer is a formation that is used by the forex trader or investor to know the price action movement of prices tend to follow technical patterns of the previous movement. This will create areas of support and resistance that will continue to be tested and continue to be tested. Strict discipline and risk management rules will help setup enhances the ability of traders to transact.