Nearly every day I get emails from Forex trading gurus bragging that this week they got so many PIPs on certain trades. The fact is, if you enter a trade for almost any reason during a trending market you will be likely to win. In fact odds are if you enter a trade for any reason you should have a 50/50 chance of winning. What is important is if you can consistently maintain a high percentage of winning trades over time with larger winning trades than losses. To do that you need something other than a method of getting in by using an indicator crossing a certain level.
You need to actually see through the noise and chaos and recognize the real reason to enter or exit a trade that shows clearly shows the difference between what we call a pullback or retracement and an actual turning point, a reversal.
Have you ever wondered how to trade Forex on an Iphone, Blackberry, Windows Mobile, or Google android phone such as a Samsung Galaxy or Sony Ericson Experia? Well, here’s the inside scoop on that apps to look for, what is working and what is not. Should you spend money on a paid charting service? Can you place trades through your Forex broker on the phone you are now using? Does it really work? Are there any challenges with maintaining your Forex trading business using a mobile phone?
In Forex Trading most traders choose to enter and exit trades in a way that is not in the “rhythm of profit” This rhythm is partly a psychological mindset that is different from what is “normal” behavior. But it is also a very specific technical analysis method to enter and exit trades at the points that tend to give maximum profit and high probability for consistent winning. Once you see how this works and experience it for yourself it can transform your Forex trading business quickly and empower you to finally get the results that you always knew was possible but just could achieve consistently. Even many “professional” Forex traders end up scratching their heads in confusion as they look for many different reasons to enter and exit trades which fail to put them into this natural rhythm. You can see right on the charts that this rhythm working as far back as you care to test on any time frame. Why isn’t everyone doing this? Maybe the same reason everyone isn’t forming the world’s most successful companies like Microsoft, Facebook, or Google. This is for the few people whose eyes are open to opportunity and transformation.
When recession hit late last year, David Fisher knew his real estate investment was doomed. So did several investors who are into stocks, emerging markets and other assets. With their investments on the verge of crumbling, they all turned to the most liquid market in the world–Forex or currency market. Thomas Cardenas*, a former Philadelphia mortgage broker turned to online Forex trading from his home upon discovering that he could make a living from his passion for the financial markets. “I saw the market’s potential so I decided to jump into it full time,” he said. And with reports that Forex trading is immune to the financial crisis, these small investors got even more thrilled.
Boulder, Colorado (Trading Mastermind) — Colorado based Trading Mastermind, a premier source of trading knowledge and interaction amongst its worldwide trading community cites that the global economic crisis is, in fact, a reason to be more interested in Forex trading because it is one of the only businesses that provides the same opportunity through any economic conditions.
