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forexking - forexking.biz

27 Nov 2012

i'm not admin

Our program is intended for people willing to achieve their financial freedom but unable to do so because they're not financial experts.
ForexKing is a long term high yield private loan program, backed up by Forex market trading and investing in various funds and activities. Profits from these investments are used to enhance our program and increase its stability for the long term.


Plan:

15 % daily for 10 business days
105 % after 1 day
2 % daily for 90 days
1.5 % daily for 180 days

Payment systems: LR, PM

Join forexking here

  116 Views · 20 Replies ( Last reply by pbhyips.com )

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For Beginners - 4 Rules for Success

15 Feb 2011

Swing trading for beginners is a great way to make money for novice traders its easy to understand and learn and if you follow the 4 Rules here, you will be well on your way to swing trading success.

Swing trading is a method of trading that relies on catching reactions within major trends either up or down and generally a swing trade will last between 2 - 5 days. Some forex traders try and swing trade within daily time frames but this is a recipe for disaster it doesn’t work so don’t even try it.

Here are your 4 rules to follow for success in swing trading

Rule 1

Use Support and Resistance

When you swing trade in forex you will need to spot areas of support and resistance on the daily forex chart. Ideally ones that have seen prices spike on high volatility are good as these tend not to last so use the Bollinger band as well as trend lines.

Generally the more tests of resistance there are the more valid it is so 3 x tests or more and two different time frames is ideal.

When swing trading in forex DON’T make this common mistake:
Many traders simply wait for the price to get close to the level there looking at and simply enter a trading signal and hope the level holds - This will lead to a swift wipe out don’t hope or predict your guessing and the markets will not reward you, they will take your equity.

You need to get the odds on your side and for this you need to watch price momentum.

Rule 2

Watch Momentum

For example, when prices approach a level wait for price momentum to turn back as measured by momentum oscillators. If you are swing trading in forex or any other financial instrument this confirms your trading signal.

We don’t have enough room to cover the individual indicators here but you should start with the stochastic and Relative Strength Index (RSI) and these are covered in our other articles.

Now you’re in the trade the next rule involves the import but making some profits!


Rule 3

Set a Target

When you enter a swing trade profits and losses ten to come quickly. The stop is easy to place and obvious - behind the support or resistance you are looking at.

If you can use a stop close basis.
Set a target just before where you think the price is going to go and take it early.

Keep in mind you can hang on but the odds of success will decrease as you get to the target level so better to tuck it in early in case of a reaction. Although some trades will run on the odds will be in your favour more by banking early.

So there you have it a simple swing trading system that is ideal for swing trading for beginners and will work for any trader.

You may say that’s too simple - but the best systems are and it’s a fact that simple systems beat complicated ones, as there are less elements to break.


Rule 4

Shop Spreads

You should only trade volatile, liquid currencies when swing trading.

In the majors you should be able to get some tight spreads of just a couple of pips.

All brokers are not equal when it comes to spreads, choose wisely, as transaction costs mount up and you need to get the tightest spreads you can.

Swing trading for beginners is an ideal form of trading. It’s simple to learn and can be a great addition to your forex trading strategy and make solid long term gains if done correctly and help you enjoy currency trading success.

  500 Views · 26 Replies ( Last reply by Biru miya )

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Daily Technical Analysis by FxGrow

08 May 2015

Dear Forum Members!

Here you can find Daily Technical Analysis  of Major Currencies.

We hope that this information will be helpful for your trading.

Best Regards
FxGrow Support

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Terms used in our Analysis

RSI (14) - Relative strength index 14 days Time frame
MACD (12, 26) - Moving Average Convergence Divergence 12 day EMA - 26 day EMA
EMA - Exponential moving average
ADX (14) - Average Directional Index 14 days
ATR (14) - Average True Range 14 days
SMA - Simple Moving Average
MA x - Moving Average where x is the number of days
STOCH RSI (14) - Stochastic RSI 14 days
William %R - Momentum Indicator
CCI(14) - Commodity Channel Index
ROC - Rate of Change

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  822 Views · 270 Replies ( Last reply by FxGrow Support )


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