Scientific Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called Scientific Forex. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at scientificforex.com.

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The Hammer and the Hangman Candlestick Patterns are Important Reversal Signals

Illustration: Currency

The hammer, the hangman and the doji are some of the few most important candlestick patterns that every trader should recognize. Both the hammer and the hangman have a small real body and a long lower shadow with almost no upper shadow. To be a hammer or a hangman, the shadow should be at least two times the body (the longer the shadow the more significant the pattern). However, it is very easy to confuse hammer with the hangman.

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Combining Doji Candlestick Patterns with Bollinger Bands and Stochastic

Illustration: Forex Chart

Doji is considered to be one of the most important candlestick patterns. Appearance of a Doji signals the beginning of a minor or an intermediate trend reversal. Failing to recognize the Doji pattern, means you run the risk of buying at the top or staying far too long in a trade. As a trader, you must be able to immediately recognize the four different type of Dojis. The four type of Dojis are:

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Quantum EA

The purpose of this page is to encourage and collect the user reviews of a Forex product called Quantum EA. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at quantumea.com.

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What You Should Be Doing When You Hit A Losing Streak Day Trading

Illustration: Money

If you have traded the markets for any length of time you know that markets can and will change every so often. The problem with most trading systems is that they are designed for one type of market condition and that is it. As soon as conditions change, you are left with a system that under-performs. The great part about the NetPicks systems is that they are very flexible and can be adjusted to fit different market conditions. The Seven Summits Trader indicators give us access to so many different inputs that we can fine-tune our system should markets change. This gives us an incredible amount of power with our trading.

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InForex

The purpose of this page is to encourage and collect the user reviews of a Forex product called InForex. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at http://inforex.pattern-watcher.com/.

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Three Reasons Why the Euro is Going Back to 1.45

Illustration: Euro

At the time of this writing — February 2012 — the Euro is trading at around 1.31. Though it may seem unlikely now, here are three reasons to believe EURUSD is headed back to 1.45 in the years to come.

Euro Bulls are Defending 1.28. As the monthly chart below illustrates, 1.28 has historically been a support/resistance zone — meaning a focal point where strong buyers/sellers capable of pushing the market step in. On top of that, technical analysts will observe that it is around the 38.2% retracement level of the big move up from the Euro’s inception in 2001 to its 2008 highs past 1.60 while also being around where the 200 month exponential moving average is. The fact that these technical indicators are all finding themselves in roughly the same price zone tells us that there is a “price wall” of sorts; it will be tough for sellers to push through this zone, as those who have been short sellers for a while will look to take profits, while speculative buyers will feel comfortable jumping in here.

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Vital Components of a Comprehensive Trading Plan

Illustration: Analyze

You must have heard several times that it is important to have a trading plan and stick to it. Not having a trading plan is like an invitation for failure as a trader. What is meant by building a trading plan? Here are some broad points to consider.

The Importance of a Trading Plan

Trading plan is nothing but a checklist. You refer to it before taking a trade. When in a trade you refer to it to make sure that you take a decision according to a plan. Checklist also helps you to stay away from trades which are low probability set ups. The whole idea behind the trading plan is to keep emotions away and take decisions logically.

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Dealing with Your Forex Losses

Illustration: Currency

There’s no denying that forex trading is an exciting way to make money. You can get a return on your investment in a matter of minutes if the market goes your way. It is inevitable however, that you will take some losses, but if managed correctly they can form part of a successful strategy. Here, we will look at different methods for dealing with losses.

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Forex 5 Stars

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex 5 Stars. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at forex5stars.net.

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GBP/USD Forex Strategy That is Very Simple and Makes 20 Pips Daily Using Pending Orders

Illustration: USD

GBP/USD is one of the major pairs that gets heavily traded. GBP/USD pair is also known as the Cable. GBP/USD pair is affected by the interest rate differential between the Bank of England (BoE) and the Federal Reserve (FED). GBP/USD pair tends to have a positive correlation with EUR/USD and a negative correlation with USD/CHF. For example, a few days back this pair was trading in tandem with the EUR/USD pair.

Many traders trade GBP/USD and EUR/USD. They need to keep the positive correlation between the two currency pairs in view when trading both these pairs together. There are many strategies to trade the GBP/USD pair. Some are heavily based on the London Market Open as this pair normally starts trading in a range a few hours before the London Market open and tends to make a breakout after the London market open.

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EUR/USD Rises on Easing European Borrowing Costs

Illustration: Euro

EUR/USD climbed as solid eurozone sovereign debt sales and signs of Greece moving closer to a vital debt-swap deal eased concerns and renewed confidence over Europe’s refinancing capability. Spain and France sold bonds at lower yields yesterday and today Greece and its private bondholders will resume debt-swap talks to overcome differences on interest payments. Currency strategist at Bank of New Zealand, Mike Jones said “Given that the European debt markets are the focus at the moment, positive signs emerging there have helped sooth any investor nerves. The market really focused in on the negative headlines rather than the arguably slightly firmer details of that employment number”.

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Auto FX Payday

The purpose of this page is to encourage and collect the user reviews of a Forex product called Auto FX Payday. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at autofxpayday.com.

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Keltner Bells

The purpose of this page is to encourage and collect the user reviews of a Forex product called Keltner Bells. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at keltnerbells.com.

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How to Apply the Fibonacci Retracement Tool Correctly?

Illustration: Analyze

The Fibonacci retracement tool is one of those tools in forex that a forex trader simply cannot do without. This is because in the financial markets, prices do not move in a continuous straight line, but in a convoluted twist of pullbacks and advances. Whenever the price action of a currency has moved substantially in a particular direction due to a very strong trend, those traders who were able to get in early would at some point, decide to take some profits from their trades. This will place the gaining currency on offer and will lead to a supply excess over demand for that currency at that particular time, leading to price pullbacks.

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7 Mistakes That Forex Traders Make: How to Stop Losing Money

Illustration: Forex Chart

Forex trading is a great way to make good money by leveraging your capital against the small currency movements which happen every day. Unfortunately it can sometimes get a bad name due to all of the systems and courses online which promise to make you rich overnight.

The good news is that you can still make money from trading currencies, but there is a steep learning curve and plenty of mistakes that you will need to avoid. To get you started, here are the worst ones:

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Chronic Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called Chronic Forex. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at chronicforex.com.

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Scaling In and Out of a Position Gives You the Needed Flexibility to Manage a Forex Trade

Illustration: Euro Currency

The ideal way to enter into a trade is to do it gradually. This is also known as Scaling In A Position. In the same manner, it is best to exit the trade in a gradual manner. This is also known as Scaling Out Of A Position. Trying to figure out the perfect entry and exit is only going to make you more confused and hinder you in making your trading decisions. There is no perfect entry or exit. You will never be able to catch the top or the bottom at the precise moment.

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Using Parabolic SAR Indicator for Entry and Exit

Illustration: Money

In this article, we will discuss how to use the Parabolic SAR indicator for entry and exit in actual trading. When the dots of the Parabolic SAR are located below the price, it means the trend is up and the price momentum is also in an upward direction and will stay like that till the price action hits Parabolic SAR. This is also a signal for a long trade.

When the price action is below the dots of the Parabolic SAR, it means that the trend is down and the price momentum is also in a downward direction and will stay like that till price action hits the Parabolic SAR. This is also a signal for a short trade. The dots will move down as a trailing stop.

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Understanding Parabolic SAR Indicator

Illustration: Analyze

Parabolic SAR is a trend following indicator that is often used as a trailing stop. Parabolic SAR indicator was introduced in 1978 by J. Welles Wilder, Jr. in his famous book, “New Concepts in Technical Trading Systems.”The term Parabolic is used because when this indicator is applied to the chart it forms strings of dots that look like a parabola, a shape you might remember from high school algebra.

The term SAR on the other hand simply means Stop and Reverse because when reached by price action, this indicator switches direction and reverses to the other direction. So a Parabolic SAR is used to identify entry and exit points based on a trailing stop that reverses when reached by the price action.

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Rockwell Trading

The purpose of this page is to encourage and collect the user reviews of a Forex product called Rockwell Trading. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at rockwelltrading.com.

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Magic-Champ II

The purpose of this page is to encourage and collect the user reviews of a Forex product called Magic-Champ II. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at metatrader-experts.de.

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The Simplified Currency Conquistador Strategy

Illustration: Money

The Currency Conquistador is a forex strategy that was originally conceived by Bruce Babcock in 1991. Bruce is considered to be a pioneer of futures trading. Bruce traded with this Currency Conquistador strategy for a few years then released the Currency Conquistador II Strategy.

Nelson Freeburg also published an enhancement of Currency Conquistador Strategy in 1994 that was more simplified than the original Babcock version and worked for many futures contract as well. Let’s discuss this simplified Currency Conquistador Strategy. First, you need to check these conditions everyday:

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ADX Trade Entry and Exit Filter That Will Improve The Performance Of Your Trend Trading System Drastically

Illustration: Analyze

Average Directional Index (ADX) was developed by J. Welles Wilder. ADX was constructed to measure the strength of the trend no matter if it was an uptrend or a downtrend. The idea behind the development of ADX indicator was not to identify a trend but to measure how strong a trend is when it is in place.

ADX is an oscillator that fluctuates between 0 and 100 values. However readings above 60 are rare. Readings below 20 indicate that the trend is weak and a reading above 40 indicates that the trend is strong. The trend can be up or down. ADX does not tell the direction of the trend. It only gives its strength. Direction of the trend can be easily found by just eyeballing the charts or drawing a simple trendline on the chart.

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Pip Gainer

The purpose of this page is to encourage and collect the user reviews of a Forex product called Pip Gainer. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at pipgainer.com.

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What Makes a Successful Forex Trader?

Illustration: Currency

There are many components that make up a successful Forex trader. Though certain individuals may showcase a particular talent for currency trading, anybody can become a successful Forex trader if they work hard and let reason guide all their transactions. There is much to gain from the high liquidity of the Forex market, but traders who behave irresponsibly will almost certainly suffer losses.

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Ultra Fast Profit

The purpose of this page is to encourage and collect the user reviews of a Forex product called Ultra Fast Profit. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at ultrafastprofit.net.

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Forex Arbitrage

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Arbitrage. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at forexarb.com.

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Trade Forex as a Business

Illustration: Forex Chart

So you want to earn lots of money and become amazingly wealthy. You have heard the rumours about Forex trading $3 trillion DAILY, and you figure you want a piece of that, just a little bit as you are not greedy…

So you now go out and buy the latest crazes of an EA, one copies the trades of a real life trader, and the other is the best EA on the market that shows that the creator (who used to work as a bin man, and now codes EA’s and buys the latest sports cars etc) turned a measly $100 to earning $56,637 per month stress free…

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Forex Masterplan

The purpose of this page is to encourage and collect the user reviews of a Forex product called Forex Masterplan. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at theforexmasterplan.com.

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3 Day Trader

The purpose of this page is to encourage and collect the user reviews of a Forex product called 3 Day Trader. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at 3daytrader.com.

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Make Money by Following Experienced Forex Traders

Illustration: Money

The Forex Trading Market is a big one. Over 2,5 TRILLION dollars fluctuate this market every day. This is a nice way to get a small piece of a big pie and become very rich in an enormously fast way. That is why so many young traders decide to dive into this market and invest their life savings without digging a lot deeper into the success secrets. This can be very dangerous for any investor. So there are a couple of ways how to insure earnings when you are using Forex Trading system.

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1 Hour Forex

The purpose of this page is to encourage and collect the user reviews of a Forex product called 1 Hour Forex. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at 1hourforex.com.

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Haru EA

The purpose of this page is to encourage and collect the user reviews of a Forex product called Haru EA. To get the details about this product (such as its features) or if you’re looking for support, please visit the official website that can be found at haruea.com.

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Forex Trading During Interest Rate Changes

Illustration: Euro

Forex trading is more affected by interest rate changes made by any of the world’s eight central banks than any other influence. These banks include:

  1. The Fed (U.S. Federal Reserve System)
  2. ECB (European Central Bank)
  3. BoE (Bank of England)
  4. BoJ (Bank of Japan)
  5. SNB (Swiss National Bank)
  6. BoC (Bank of Canada)
  7. RBA (Reserve Bank of Australia)
  8. RBNZ (Reserve Bank of New Zealand)

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