Owner: Be Lucky In Forex Commodity Trading Online URL:http://luckyforex.blogspot.com/ Join Date: Fri, 18 Jan 2008 01:33:37 -0600 Rating:0 Site Description: Interesting Futures Knowledge Articles Collections Site statistics:Click here
Forex Trading Money Management Principles 2008-02-17 06:24:41 Trade With Sufficient CapitalOne of the worst blunders that forex traders can make is attempting to trade without sufficient capital.The trader with limited capital not only will be a worried trader, always looking to minimize losses beyond the point of realistic trading, but he will also frequently be taken out of the trading game before he can realize any sense of success trading the method(s) or patterns.Exercise DisciplineDiscipline is probably one of the most overused words in forex trading education. However, despite the clich¨¦, discipline continues to be the most important behaviour one can master to become a profitable trader. Discipline is the ability to plan your work and work your plan.It's the ability to give your trade the time to develop without hastily taking yourself out Read more:Forex
, Forex Trading
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How to be a Successful Forex Commodity Trader 2008-01-28 12:44:56 Only have basic knowledge about forex commodity trading is not enough to guarantee your success in this commodity bussines. To be a successful forex commodity trader there are several point that you must have. Let discuss this one by one that i think you should have to be success :1. Trading StrategyI believe that every forex trader should have a good strategy or system that allready tested before, without having good strategy you will never successful in forex trading. If you allready have one good forex trading strategy that make profit i suggest you to stick with it and dont change you strategy just because anyone tells you that there are another strategy that can make you rich.2. Money ManagementMoney management is very important if you wanna success with your forex commodity trading. Read more:Commodity
, Forex
, Trader
Five Basic Human Weaknesses In Forex Commodity Trading 2008-01-17 05:30:55 Five basic human weaknesses in ForexCommodity
trading: Greed, fear, impatience, pride and lack of knowledge. How do these emotions can cause so many Forex traders to lose money? Let’s examine this five.1. GreedGreed can cause poor forex Commodity traders increasing the size of their trading positions the moment they’re still in a winning position trade. This often results in these forex commodity traders having the largest position size trade just before the market turns in the opposite direction. As a result, this causes them to suffer large losses.2. FearFear makes people avoid entering into good trades because they don’t know what they’re doing. Heard of the phrase “buy low, sell high”? Unfortunately, many traders think that this is true. The profitable traders however, kno Read more:Basic
, Trading
Forex Scalping - Trading For a Living the Facts You Need to Know 2007-12-08 06:16:19 Forex scalpers rely on trading regularly they don’t aim for big profits they aim for consistent small gains that mount up over time and aim for large annual profits with this method of trading. Forex scalping is popular so read on for the facts.Firstly lets make it clear now it doesn’t work never has and never will.Don’t believe me? Then read on and I will give you ALL the facts.Fact: Short Term Volatility is RandomYou have millions of traders who trade trillions of dollars and to say you can measure what is going to happen in a few hours is ridiculous. You cannot predict what this diverse mass of people are going to do and it’s never been possible.All short term volatility is random and prices can and do go anywhere in short periods – support and resistance levels are meaningles Read more:Forex
, Living
, Scalping
, Trading
What a Good Forex TradingTraining Program Should Include 2007-11-25 23:04:23 Should new Forex
traders take Forex trading courses or join a Forex training program? Definitely yes; by now you have probably heard that only 5% of traders achieve consistent profitable results when trading the Forex market. The main reason for this is the lack of education. Don't get me wrong here, taking a Forex training program or a Forex trading course won't guarantee profitable results, nothing can, but choosing the right Forex training program or Forex trading course will definitely put the odds in your favor.Before spending any amount of money on any Forex trading course or Forex training program there are some important aspects you need to take in consideration. There are many training programs available, but not every one of them suits the needs of every trader. The first thing y Read more:Program
Forex Trading : Forex Boredom 2007-11-23 09:18:42 Watching and waiting is a position. If the thought of this is boring, you may not be cut out to become a successful forex trader.A lot of people ask me “how many hours do you trade the forex?” and my answer is that I generally trade every trading day from the start of the London Open until the end of the New York session and occasionally beyond.At the weekend I usually carry out various forex studies and I read various publications from other prominent traders.I do think that it is important to explain that although I am trading for a lot of hours, this does not mean that I am in an active trade for all of that time, in fact I am on average in an active trade for very little of that time.Many new and inexperienced traders seem to have the idea that trading is about placing trades, and Read more:Boredom
, Forex
, Forex Trading
, Trading
Deadly Forex Trading Mistakes That Assure Failure 2007-11-10 00:34:26 Before venturing into your forex trading journey there are some things you need to be aware of, otherwise you could succeed on your trading adventure, and we don't want that to happen, do we? This Forex
trading guide will help you track the most costly mistakes Forex traders do. First of all, make sure you don't have a trading system. Having a trading system might increase the odds of your success. If you have a system, you will have an objective way to get in and out the market. When traders create their trading systems they think objectively since there is no position to be taken at the moment. If there is no position to be taken, there is also no money at risk, if there is no money at risk, we do think objectively and are open to every possibility, thus we are able to find low risk trad Read more:Trading
Forex Strategy: Trading with Stochastics 2007-11-10 00:21:29 Stochastics are amongst the most popular technical indicators when it comes to ForexTrading
. Unfortunately most traders use them incorrectly. In this article we will review the correct way to use this popular technical indicator.George Lane developed this indicator in the late 1950s. Stochastics measure the current close relative to the range (high/low) over a set of periods.Stochastics consist of two lines:%K – Is the main line and is usually displayed as a solid line%D – Is simply a moving average of the %K and is usually displayed as a dotted lineThere are three types of Stochastics: Full, fast and slow stochastics. Slow stochastics are simply a smother version of the fast stochastics, and full stochastics are even a smother version of the slow stochastics. Interpretation:Buy when Read more:Strategy
Forex Trading: Let your winners run 2007-11-07 08:24:17 This saying is bartered about like some kind of wise words from above - cut your losses and let you winners run.I think that most of us in the 1KT know about cutting losses - that's the easy bit, hell if we dont then we go broke right? Or do we?BUT 'let your profits run' is harped on by almost every guru and book writer on the planet - unfortunately they never answer the inevitable question that follows "how far?"How far is letting a profit run? if you allow a 1 pip trade to go to 2 pips you've let it run. if you let a 10 pip trade go to 500 you've let it run - when exactly is enough?To give some background to differing opinions before the floodgates of posts follow, please allow me to present some popular opinions and their reasoning behind them.1. trade it till it's dead - in this scenar Read more:Forex
, Forex Trading
, Trading
Trying Forex Trading with the Best Strategy and Approach 2007-11-07 06:03:01 With the day things are today, more people are getting interested in investing their money to make them grow faster. The problem is, not too many people are willing to take the risk of investing it because of the risks, so some of them just let their money rut in banks. Not that there's anything wrong with banks, it's just that they have low rates and the money takes a long time to grow. If you want real money, you have to have the guts to risk it. Making money needs money; risks are always involved if you want to have money fast and big.One of the largest arenas wherein you can invest your savings is the Forex
. Forex trading has been around for decades already and is regarded as the largest financial forum in the whole world with an estimated 3.1 trillion dollars of volume everyday. The F Read more:Strategy
, Trading
Forex Trading : How to be a Profitable Forex Trading Trader 2007-11-03 07:06:16 " ForexTrading
is so hard. I seldom have a winning trade!" " Forex Trading
is so easy. I just have another winning streak for the entire week!"Two Groups of Forex Trader
s - The Losers And The WinnersRead the two statements above again. These are two of the main statements I often hear from friends who are trading forex. Diametrically opposite, these two statements contrast greatly between themselves- one group of traders finding forex trading so very difficult for themselves, hardly able to get a winning trade. Traders from this group are fumbling at the ropes, trying to become profitable traders and to be able to bring home the roost. Traders of another group are the happier ones. They are consistently profitable in their trades. They are the winners in the forex market.You look around - Read more:Profitable
Forex Trading : Can You Be A Successful Forex Trader Trading Just One Indicator Only? 2007-11-03 06:38:34 In a quiet moment last weekend I was wondering if you could trade forex full-time just using one technical indicator.My conclusion was that it would be extremely difficult, if not impossible, to make consistent profits, but then I remembered back to when I first started trading forex a few years ago, and realizing that back then I pretty much only used one indicator - the Exponential Moving Average / EMA (15), and did make consistent profits.Technically speaking I didn't use only one indicator as I also displayed the EMA (50) and EMA (100) on the same chart to help me decide on exit strategies, and nowadays I use a lot more indicators to confirm my positions, but nevertheless I still think this basic approach of using an EMA (15) on a 30-minute chart could still generate regular profits.Th Read more:Forex
, Forex Trading
, Indicator
, Trader
, Trading
Applying Poker Strategies to Trading The Markets 2007-11-01 13:56:38 By: James LeeAs a professional no-limit holdem poker player prior to my trading career, I find that both professions share many similarities. Poker
and trading are both a game of probabilities. Individual psychological makeup is also important to control emotions during times of tilt and euphoria.In poker, a player can choose the stake he is willing to play. In the futures markets the stakes are chosen by the size of the trade. However, one of the biggest differences I found is as follows:1. In poker, you are automatically offered the option to play a hand that you are dealt. For example, in no-limit holdem this can be a Q10, KK, 10J, 2-7, etc....Each starting hand begins with a probability. For example, pocket 9's has a 52.4% favorite against an AK suited. The odds of getting dealt a pock Read more:Markets
, Strategies
, Trading
Interest Rates Drive The Forex Markets 2007-11-01 13:56:38 The Forex
, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing with the foreign currency exchange, it is possible to buy the currency of one country, sell it and make a profit. For example, a broker might buy a Japanese yen when the yen to dollar ratio increases, then sell the yens and buy back American dollars for a profit.InterestRates
defined: Interest rates are LIBOR-based for currencies of disbursement plus a spread which is dependent on the complexity of the transaction and the risk profile of the applicant.The foreign exchange market, sometimes known as the Forex market, is one that is affected by several things. The market Read more:Interest Rates
, Markets
How to Make Cash Using a Good Forex Trading System 2007-11-01 13:56:38 A majority of people who use Forex
trading systems online become very focused on making money immediately without thinking that they need to be educated first prior to going in there and making decisions that may cost a lot of cash. Foreign exchange currency trading presents traders a real opportunity to achieve profits. All that one needs to do is simply approach the market sensibly and use the proper tools available. Anyone who chose to begin trading in the Foreign Exchange market did so with the sole intention of making more money. Not one of these traders want or plan to lose money, however, around 90% of all traders lose their money. People should know that earning money through the use of Forex TradingSystem
s requires time and effort. The main reason for such a high rate of loss is Read more:Trading System
Newbie Mistakes Can be Expensive In Forex Trading 2007-11-01 13:56:38 Learning anything new can lead to mistakes, but making mistakes can be the natural part of the learning process. When learning to trade or invest in the Forex
, mistakes can lead to lose of profits and can become expensive. A good investor will understand the market they are using for trading. Whether you are new or experienced, you can still make mistakes. There are common errors that many traders and investors make when trading on the Forex. With a little research, you can learn how to avoid common Forex trader mistakes and how to learn to move on.Using too much margin when trading or investing on the Forex can lead to costly mistakes. Margin is the use of borrowed money to purchase securities. While it is true that using margins can help you make more money, it can also make your losses Read more:Forex Trading
, Trading
Forex Trading: Exiting positions at a right time 2007-11-01 13:56:38 When I started to trade FOREX and made my first big losses and profits I began to notice when very important thing about the whole trading process. While the right time to enter a position was rarely a problem for myself (nearly 80% of all my open positions
had gone into the “green” profit zone), the problem was hidden in the determining the right exit point for that position. Not only was it important to cut my risk on the potential losses with stop-loss orders, but to limit my greediness and take profit when I can take it and make it as high as I can. There are many known guidelines and ways to enter a right position at a right time – like major economic news releases, global world events, technical indicators combinations, etc. But while the entering into a position is optional an Read more:Forex
, Forex Trading
, Trading
Forex Trading & The Science Of Getting Rich 2007-11-01 13:55:35 I first became aware of “the science of getting rich” a number of years ago when someone sent me a reprint of a book of that name by Wallace Wattle.The book is a very “dry” read but the author claimed that getting rich was an exacting science which means that if anyone applied the rules – to the letter, then the outcome, by scientific definition, would be a true replication.In other words, if one were to apply the rules of “the science of getting rich”, one would inevitably become rich.In many ways, not dissimilar to applying a trading system that is proven to work, provided the user applies the system rules exactly, then the same success should be replicated time and time again.You will recall – unless you have been trading Lunar Currencies (joke) – that we recently had Read more:Forex
, Forex Trading
, Science
, Trading
Forex Trading - Anyone Can Learn the Skills to Win, But 95 Percent of Traders Lose, Why? 2008-03-09 07:39:42 It's a fact anyone can learn the skills needed to win at forex or other commodity trading - but they don't and the reason why is, they neglect the major factor they need to learn to achieve forex commodity success. Understand this factor and how important it is and you can win.This is a simple equation for forex commodity market success:Correct Knowledge = Understanding = Confidence = Discipline = Forex
SuccessWhat's obvious about the above?That your forex trading system or the system you use is not important, providing it's logical and based on trading the odds - but your understanding, confidence and the way you apply it is. You can have a good forex trading strategy and fail here's why:How do most forex traders learn to trade?They day trade, or they trade mechanical systems sold by vend Read more:Anyone
, Forex Trading
, Percent
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