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Jumat, 31 Agustus 2007

ONLINE FOREX TRADING TIPS ...

ONLINE FOREX TRADING TIPS ...

This page for more info about easy trading tips, Automatic trading tips, Pivot calculator tips and more..!

EASY Tips trade with " Resistant-Pivot-Support"

How to Know Resistance, Support, dan Pivot :
Please look at Chart with Style "candlestick" and timescale "Daily". Short your mouse at last day candlestick (Yesterday candlestick) will showing : Open=...., High=....., Low=....., Close =..........

Use this data to calculate Pivot with link or calculate yourself like below:

http://www.fx-charts.com/pgs/toolbox_pivotscalc.php or Calculate with :

Pivot = ( H + C + L ) / 3

Res1= 2 * P - L
normal trading range
Sup1= 2 * P - H
for the next period

Res2= P + (Res1-Sup1)
extreme trading range
Sup2= P - (Res1-Sup1)

Res3= H + 2*(P-L)
super extreme trading range
Sup3= L � 2*(H-P)

P = Pivot , Res = Resistance , Sup = Support .
H = High of the day
L = Low
C = Closed price

ADVICE: You can use resistant-pivot-support tecnic to place buy or sell order

  • If price around pivot point and Resistant1 ,If price move up will try to break up to "Res1" and will go up if can move above rest 1 ( Time to BUY) . but if price can not break res1 will move down will and try to break "Pivot" if can run below pivot will try to break down to "Support1" (Time to Sell).

  • If price around Pivot and Support1 and move down will try to break "Support1" and will move down if can run below support1 to try Support 2 ( Time to Sell). But if can not break support1 will go back to pivot.

AUTOMATIC TRADING TIPS...

Tips to trade without any signal and prediction

> This tips only use for one pair only, you can select any pair that you like ( Ex: GBP/USD)

> Use 20% for every order to trade from your principal

> Use same quantity for every order

1. TIPS AUTO TRADE:

> Recommende to use 10%-20% from your margin only...!

Use "Sell Stop" and "Buy Stop" for one Pair.

Ex: GBP/USD with position: Bid= 1.9420 & offer = 1.9425

  • Make order with type " Buy Stop" at :1.9440 ( +15 pips above current Offer)

  • Make order with type " Sell Stop" at: 1.9405 ( -15 pips below current bid )

First:

  • If market moving up, your "Buy Stop" order will "Active" and you can close if get profit (Than cancel your "Sell Stop" order)

  • If market moving Down, Your "Sell Stop" will "Active" and you can close if get profit (Than cancel your "Buy Stop" order)

2nd:

If market moving "Sideways/up-down" and your 2 order become "Active". You can wait until market moving back ex.

  • if market up and break than showing signal to back down: You can close your "Buy" order (Get profit) than wait until your "Sell" order get minimal loss to close. You must do it to eliminate Risk.

  • If market down and break than showing signal to back up: You can close your "Sell" order (Get profit) than wait until your "Buy" Order get minimal loss to close.

You can use this tips and Start since "Opening EUROPE market" everyday .

HOW to Make "Sell Stop or Buy Stop"...?

If you click pair under bid or offer ( sell or Buy) will showing form like below:

  • No.1 will showing your selected pair

  • No.2 will showing your order type ( buy or Sell )

  • No.3 Select price type "STOP"

  • No.4 click up +15 pips for "Buy stop" or click down -15 pips for "Sell Stop"

  • No.5 & 6 empty

2. HEDGING TIPS

This tip use "buy & sell" order at the same time for one pair only

And same quantity for every pair like buy with 1000 Quantity & Sell 1000 too..!

Ex: GBP/USD with position: Bid= 1.9420 & offer = 1.9425

  • Make "Buy" order at 1.9425 directly

  • Make "Sell" order at 1.9420 directly

After this step you can wait untill market move up or down:

  • if market up and break than showing signal to back down: You can close your "Buy" order (Get profit) than wait until your "Sell" order get minimal loss to close. You must do it to eliminate Risk.

  • If market down and break than showing signal to back up: You can close your "Sell" order (Get profit) than wait until your "Buy" Order get minimal loss to close

  • You must know daily range for Pair you selected ex: for GBP/USD daily range 100-200 Pips, so you can set your Target profit (TP) around 100 pips. and you can close you other order if get loss below 100 pips.

  • Its very simple methode to Make profit with forex. Try and practice first.

Note:

  • Hedging tips can use if you have deposit or principal below $1,000

  • If you have principal over $1,000 this hedging tips can not use again

  • You can use Sell stop, Buy Stop, Sell Limit, Buy limit with "Stop Loss (SL)and Target Profit (TP)"

First: You must try and practice with virtual forex until you can do good trade and make profit

If you can trade with good result, You can use your $5 bonus to trade live forex.

If you sure can make good profit and want to make more profit, you can use more principal

example:

> if you trade with Q=100 ($1) and get 50 Pips at GBP/USD its mean = $0.5 profit

> If you trade with Q=1000 ($100) and get 50 pips at GBP/USD its mean = $50 profit

More bigger order will get more big profit too......!

Note: Please try with small order first, if you can make profit and good trade ..You can try more bigger order....Its your own responsibility to manage your fund...!

DON'T Try with big principal if you are not sure can make profit..!

You can make deposit with: e-gold, e-bullion or Wire transfer.

You can withdraw to e-gold if you ever deposit with e-gold (Min $1), withdraw to e-bullion if you ever make deposit with e-bullion. ( Fee: $8 for e-gold and e-bullion and $15 for Wire transfer)

> You can Make deposit or withdraw your cash via: e-gold, e-bullion or wire transfer,

> Just Click "account Center", Make deposit at Deposit fund, Withdraw at Withdraw fund
> Try to trading with virtual money & you will understand about all methode to trade, Click "Discussion" to meet & share with all trader, you can select your country group & Chat with all member to share about your trade.

ATTENTION:

> This is very simple tips to make order and get profit with forex

> You must try and practice first with "Virtual Forex" until you can do good trade

> You can use our Tips if you thing can get profit with this

> You must know market trend ( look at Free tutorial )

Good luck

REE FOREX COURSE CLICK HERE

FREE DOWNLOAD FOREX E-BOOK CLICK HERE

INFO:

For realtimes news and daly prediction look at link below:

http://forex.ebioz.com/newsforex.htm

Simple Trading Strategy (from GCI)

Making trading decisions and developing a sound and effective trading strategy is an important foundation of trading. Before developing a trading strategy, a trader should have a working knowledge of technical analysis as well as knowledge of some of the more popular technical studies. Please visit these pages for detailed information.

Sample Strategy 1 - Simple Moving Average

Successful trading is often described as optimizing your risk with respect to your reward, or upside. Any trading strategy should have a disciplined method of limiting risk while making the most out of favorable market moves. We will illustrate one decision making model which uses a Simple Moving Average ("SMA") technical study, based on a 12-period SMA, where each period is 15 minutes. This is one example of a trading decision making strategy, and we encourage any trader to research other strategies as thoroughly as possible.

We will use a simple algorithm: when the price of the currency crosses above the 12-period SMA, it will be taken as a signal to buy at the market. When the currency price crosses below the 12-period SMA, it will be a signal to "Stop and Reverse" ("SAR"). In other words, a long position will be liquidated and a short position will be established, both with market orders. Thus this system will keep the traders "always in" the market - he will always have either a long or short position after the first signal. In the chart below, the white line represents the price of USDJPY, the purple line represents the 12-period SMA of USDJPY, and the red line indicates where USDJPY crosses above the SMA, generating a buy signal at approximately 129.90:

This is a simple example of technical analysis applied to trading. Many strategies used by professional traders make use of moving averages along with other indicators or "filters". Note that the moving average method has an element of risk control built in: a long position will be stopped out fairly quickly in a falling market because the price will drop below the SMA, generating a stop-and-reverse signal. The same holds true for a sell signal in a rising market. Note that the SMA is generated automatically by GCI's integrated charting application.

Sample Strategy 2 - Support and Resistance Levels

One use of technical analysis, apart from technical studies, is in deriving "support" and "resistance" levels. The concept here is that the market will tend to trade above its support levels and trade below its resistance levels. If a support or resistance level is broken, the market is then expected to follow through in that direction. These levels are determined by analyzing the chart and assessing where the market has encountered unbroken support or resistance in the past.

For example, in chart below EURUSD has established a resistance level at approximately .9015. In other words, EURUSD has risen up to .9015 repeatedly, but has been unable to move beyond that point:

The trading strategy would then be to sell EURUSD the next time it gets close to .9015, with a stop placed just above .9015, say at .9025. This would have indeed been a good trade as EURUSD proceeded to fall sharply, without breaking the .9015 resistance. Hence a substantial upside can be achieved while only risking 10 or 15 pips (.0010 or .0015 in EURUSD).

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