How To Spot Forex Trend Easily

Chitika   Agustus 25, 2017

How To Spot Forex Trend Easily

How To Spot The Trend Easily In Currency Trading

Learn from this forex blog, how to spot forex trend easily. You may have heard of this frequently in some forex trading tutorials or forex blogs, 'Trend is your best friend'. So there is really nothing to be afraid of trends in forex trading. In fact, one should leverage the power of the trend to make money in currency trading.

Although many people is aware that they have to trade with the trend, but surprisingly for some reason, a lot of people may have problem of spotting a real trend. It may be true that different people has different views on whether the currency pair is trendy or not. But the bottom line is, if you can't spot a trend in forex trading, there is nothing else much simpler that you can do. 

The first step that anyone attempts to trade the forex will be identifying the trend, wait for a good entry point into the existing trend and then hope to ride the trend as long as possible. So they will try to figure out whether its a down trend or up trend by looking at their arsenal of forex indicators. Are you doing the same too? If you are, that is the mistake that most people make! You should train your eyes to judge instead of using those moving averages to be able to know where the trend is.

5 TIPS TO HELP IMPROVE YOUR FOREX TRADING 

So how do you do it? It's not as difficult as you think it is...yes, it's simple! What you have to do is to pull out a chart of the currency pair that you would like to trade. First look at the chart and try not to look for very long, the first impression will always be the more accurate one. If price is going upwards from the bottom and if the past 3 to 5 candlesticks are bullish, then it's obviously an up trend. Vice versa for a down trend.

If you are a short term trader, you should look at longer time frame charts to have an idea on what the main trend is before looking for forex trading signals in shorter time frame. For example, if you are trading using the 1 hourly time frame, you should also be looking at the 4 hour and daily charts to see what is the trend of the longer term. This will definitely filter off some whipsaws. Another example, if you are scalping the 5 minutes chart, what should you do, you will be looking at the 15 minutes and 1 hourly chart to read the trend.

Knowing where the trend is going always put you in the driving seat. So start training your eyes from now on to look at whether the charts are trendy or not. You can be sure that you will consistently make profits when you follow the trend with a forex trading system.

What is trend following trading in forex?

Forex trend following is an investment strategy based on the technical analysis of market prices, rather than on the fundamental strengths of the companies. In financial markets, traders and investors using a trend following strategy believe that prices tend to move upwards or downwards over time.

Learn trade these trend following trading in forex tips on this page and I guarantee you that you will be a better trend trader.

10 Trend Following Trading Tips 

Tip #1. Identify Support And Resistance Levels

This is a no brainer. Identifying support and resistance levels is one of the first things you learn in technical analysis. It is the most important aspect of chart reading. But, how many traders really pay attention to it? Not many. Most are too busy looking at Stochastics, MACD, and other nonsense.

Some traders think that a support or resistance level is a specific price. Wrong.

8 FOREX TRADING SUCCESS RULES TO PROFIT BY

Tip #2. Analyze Swing Points

Swing points (some call them "pivot points") are those areas on a chart where important short term reversals take place. But not all swing points are created equal. If fact, your decision to buy a pullback will depend upon the prior swing point. 

Tip #3. Look For Wide Range Candles

Wide range candles mark important changes in sentiment on every chart - in every time frame. They mark important turning points and can often be used to identify reversals. 

Tip #4. Narrow Range Candles Lead To Explosive Moves

Narrow range candles can also tell you that a reversal is imminent. This low volatility environment can lead to explosive moves.

Tip #5. Find Rejected Price Levels

On candlestick charts, lower or upper shadows on candles usually means that there is a hammer candlestick pattern or a shooting star candlestick pattern (if the shadow is long enough). Regardless of the name, these shadows mean one thing: A price level has been rejected.

hammer candlestick pattern

Imagine what this hammer candle looked like during the day (before it became a hammer). It was really bearish! But, at some point during the day, the bulls rejected the lower price level. I can imagine the bulls saying, "Hey wait a just a second. You bears have taken this too far. This stock is worth much more than the price that you moved it to." And the buying begins.

Tip #6. Learn The 50% Rule

How can you tell if a candle is significant? Easy. Look to see how far it has moved into the prior days range. If it moves at least 50% into the prior days range, then it is significant. And, it is especially significant if it closes at least 50% into the prior days range. This usually shows up on the market chart as a piercing candlestick pattern or an engulfing candlestick pattern.

This concept is so powerful that I am suspicious of buying any pullback unless it moves at least 50% into the prior days range.

HOW TO TRIPLE YOUR FOREX TRADING PROFITS

Tip #7. The Gap And Trap Price Pattern

All gaps are important "tells" on any chart. But, there is one type of gap that is especially important when analyzing price action (and pinpointing reversals). This is called a gap and trap. This is a market that gaps down at the open but then closes the day above the opening price. It is easier to see this on a chart...

Tip #8. Measure The Depth Of A Swing

How far does a stock move into the prior swing? More than halfway or less? The answer to these questions are important because it can determine the future direction of the market. 

Tip #9. Consecutive Up Days And Consecutive Down Days

Forex market will reverse direction after consecutive up days or down days. So, it pays to keep this in mind when you are looking to buy or short in maret. 

Tip #10. Location Of Price In A Trend

You have heard the saying, "The trend is your friend." I say, "The beginning of a trend is your friend!" That is because some of the best moves occur at the very beginning of a trend.

So, there you have it. These trend following trading tips and tricks will make you money in the market market.

You can use this information to make your own trading strategies and systems. Best of all, once you master this art, you will never have to rely on technical indicators again to make trading decisions.

How To Spot Forex Trend Easily

How I Turn Failure Into Success

Chitika   Agustus 06, 2017

How I Turn Failure Into Success

How I Turn Failure Into Success In Forex Trading

Forex trading. Learn from this forex blog, how i turn failure into success in forex trading. Many people who have not really traded in the market think that forex trading is very simple, it's easy to earn quick money and get rich fast. Well, from my years of trading in the forex market, I can tell you that it's not that easy after all if you do not understand the market well. When I recall the past, I'm happy to say that I was determined enough and did have a mindset for success before I became successful in forex trading.

I think I was like a lot of people before, whenever I saw any forex signals, I will start reacting to it and trade without thinking much... not planning...not strategizing. So I hope you are not doing what I did last time! I understand that some of you might have frustrations now, because those forex system you bought out there doesn't seems to work or if it works in the short term, it does not give the kind of expected results you want in the long term. Many people will complain things like:

- "Why does it seems to work for other people, but I just can't get it right."

- "What's the trick to become a successful trader?"

- "Am I using the wrong set of forex trading strategies?"

- "I'm trying very hard, but I still lose to the daunting forex market!"

Don't worry, you're not alone. About 90% of people cannot win in forex because either they do not have good money management, a proven forex trading strategy, patience, discipline or they can't get past their emotional/psychological barrier.

TOP 10 FOREX TRADING MISTAKES

Other than that, what is stopping you from succeeding is mindset. If you do not have a strong and correct mindset, where do you find motivation and determination to succeed in forex trading? So when you lose a trade, or after a string of losses, you should ask yourself what has gone wrong and you will strive to do the correct stuffs next time round without making the same mistake.

A lot of traders gave up easily just because they lost some trades and think that it's impossible to succeed or they have busted their trading capital. So if you really want to succeed in forex trading, you have to keep a close look on your money management to make sure you have enough capital to continue trading. You must also be patient, give yourself some time to learn and be fair to yourself no one can succeed the first day when he comes into forex trading.


There are 10 cardinal rules in the currency trading that one must follow in order to achieve success. 
They are as follows:

Stay With Your Forex Plan
For anyone to be successful in forex trading they must have a plan and stick with it. Besides your position size, your plan must also include your entry stop loss levels. In other words, you must know exactly when to take your profit and a when to get out of the trade. Having a good plan takes emotion out of trading.

Stay With The Trends
This is not brain surgery, the trend is a forex trend for reason and you should not try to fight it. If the trend shows profit, you get in and take advantage of it and if it shows going short, then you go short. Going against trends is a surefire way to empty out your bankroll.

Capital Preservation Is A Key
Protecting your money is the most important lesson that you can ever learn. Putting too much of your capital into one trade can result in a financial catastrophe. You should never risk more than 5% of your forex account on a single trade. There are many traders who get cocky and decided they can't lose after hitting multiple deals in a row and then dump everything they have into one trade and unfortunately, that is the loser in air out of the market.

If It's A Loser, Get Out
There is no fighting is one. In the forex market you will have some trades go bad and it is expected, but you just need to admit to your losses and get your money working back in other profitable trades. Setting up effective stop losses is a great tool to force yourself out of the trade, without emotions. Where you set these depends upon your risk profile.

Know When To Take Your Profit
Whenever you get into a trade, you should have already decided when you want to get out. Don't get greedy if you hit your point harder than you thought as you think it might go much higher. You may get away with this a couple of times, but it is only a matter of time when he comes back to bite you.

Keep Your Calm
You cannot afford to have emotions during a trading day. Things like greed and fear will influence your trading in a negative way. If you look at any good trader you will see a temperament that will make it next to impossible to figure out if they are winning or losing money on the day. There just isn't any place in the forex market for an emotional person.

CURRENCY TRADING MASTERY - 5 TIPS TO MASTER YOUR EMOTIONS IN FOREX TRADING

Do Your Own Research
Taking advice from a friend or colleague that goes against your forex trading technique is just plain foolish. If you have a forex trading system that has proven time and time again to be profitable, don't try and take a quick fix and jump on someone else's coattails. If this is not an information you have verified, don't follow it. Stick to your own plan.

Keep A Journal
You need to keep track of everything you do. What position you took, why you took it and how the trade went down. What price you bought it and what price you soul that are all things that you want to make note of. In the long run, you can go back and look at your successes and failures and this will help you become a better trader.

If You're Not Sure, Don't Get In
This is something that cannot be stressed enough. If for any reason you have a doubt about a trade, you are better off staying away from it. There are always plenty of opportunities just round the corner as the currency market works 24 hours.

Don't Do Too Much
If you over trade, you may find yourself in a position where you cannot keep track of everything you have going on. Nobody should have anymore than two open positions at one time. You should only enter your second position only if your first position is profitable. Don't think you have to do a trade just for the sake of doing it, wait for the right opportunities.

How I Turn Failure Into Success

Trading Indicators

Chitika   Juli 17, 2017

Trading Indicators

Forex Trading Indicators

This forex blog about forex trading indicators. Have you ever wondered that if you what it takes to learn how to trade forex successfully? I asked this because I have to say that not all the people in this world are suitable to trade forex. Why is that so? Some people just get very nervous and close a position whenever there is just a few pips movement against their direction, some can't even sleep when they lost a small trade etc.

MOVING AVERAGE AND MACD STRATEGY MADE ME 86% IN 2016 IN FOREX MARKET

I'm not joking but if you are someone who can change your bad habits to good ones, you stand a good chance to be a successful trader. So before you find out what kind of trader you are and want to start learning how to trade forex. here are 4 forex trading indicators tips help you jumpstart your forex trading business.

Learn To Trade Forex Successful Using The 4 Types Of Forex Trading Indicators

If you are already an experienced forex trader, are you using the correct combinations of technical indicators to help you profit consistently in the forex market? If you are still not sure, we'll ...

If you are already an experienced forex trader, are you using the correct combinations of technical indicators to help you profit consistently in the forex market? If you are still not sure, we'll discuss the following 4 different types of forex technical indicators below:

1. Trend Indicators - Also known as Directional Indicators. I have always reminded my own forex trading experience, 'Trend is your best friend and always trade in the direction of a trend'. Can you say trend is 20% of your friend? 

A forex trend may be quite subjective to different traders as they may have different views on trendiness. So those trend indicators out there in the forex market can help traders detect the starting and ending of a trend. Some of the more popular trend following indicators includes MACD (Moving Average Convergence Divergence), MA (Moving Average), Parabolic SAR. Depending just on trend indicators is not enough, you may need Momentum Indicator(s) to enter and/or exit a trade.

2. Momentum indicator - Also known as Strength Indicators. It is described as the speed of a move in price over a period of time. They are oscillators which are able to indicate whether the forex market is in the overbought or oversold regions. If they have risen to the overbought zone, there is high possibility that the price will be going down, and if they have fallen to oversold zone, there is high possibility price will be going up. Some of the more popular oscillating indicators in forex trading include Stochastic, Momentum, RSI (Relative Strength Index), CCI (Commodity Channel Index).

3. Volatility indicators - Also known as Bands Indicators. Often, a change in volatility will lead to a change in price. Therefore, we can see how active the forex market is just by looking at the price ranges. You may want to trade when there is a dramatic change in price movements, which suggests that the market is actively trading forex. Some of the more popular Volatility Indicator includes BB (Bollinger Bands), ATR (Average True Range), Envelopes.

4. Volume indicator - They are used to show the volume of forex trading and are useful to confirm the direction of a trend, a reversal or a breakout. Price movements increase when the volume increases, low volume may warn of a reversal in a forex trade. If a currency pair trades from a narrow range and then breaks out on high volume, this is a strong signal and may suggest a breakout. Some of the more widely used Volume Indicator includes Demand Index, Chaikin Money Flow, Money Flow Index, Ease Of Movement, OBV (On Balance Volume).

I'm sure that after the above discussions, you should have a better idea of the different types of forex technical indicators. While they can greatly help you in technical analysis and make trading decisions, I want to stress that NO forex indicators is holy grail. The indicators are just a confirmation of history and a guide for the future. Most importantly, you need to know the right combination of the forex technical indicators to get you profitable consistently in the long haul.  

Good trading to all.

Trading Indicators

Be Ambitious And Have Focus

Chitika   Juni 19, 2017

Be Ambitious And Have Focus

Be Ambitious And Have Focus When It Comes To Trading

How To Ambitious To Be Successful In Forex Trader

To be ambitious, you need to develop a vision. What are your goals? I don’t mean short-term tasks such as doing your e-mails or working day job, but rather your visions of the future. When you let yourself dream, who and what are you? Do you want to be known as the person who's always dependable and fair to others? Or would you prefer to be viewed as someone who makes an important, unique? Whatever your life or career goal, it's hard to achieve it if you do not have vision and focus. You may even allow yourself to become so busy that you forget what you're working for. Deadlines can sometimes take on such a strong sense of urgency that they sabotage your higher aspirations.

Highly ambitious people envision a long-term goal that guides their daily work. They see a connection between what they're doing right now and where they want to be in the future. How do you spend your time? Are you consciously focused on moving your dreams ahead? If you don't have anything you're working towards, you'll have a difficult time expanding yourself beyond your current state.

HAVE YOU HEARD? MOTIVATIONAL QUOTE IS YOUR BEST BET TO GROW

To become ambitious, first you need goals you wish to achieve. These goals should not be vague desires such as making lots of money or acquiring material possessions. After all, who doesn't want those things? The problem with that sort of focus is that the goal that tells you nothing about how to get there. Although many highly successful people have made lots of money, this outcome was usually not their sole motivation when pursuing their careers. Most often, researchers have found that successful people became that way by doing something they loved and being the best at it. Money wasn't their primary motivation. It was simply the result of their vision and hard work.

Take some time to relax and allow yourself to dream a bit. This part is very important, writing it down makes it much more likely to happen. Now re-word this dream into something you can do. Know that there will probably be obstacles in the path that you've designed. But don't let the gaps in your knowledge hold you back. Every question will have an answer. You simply have to get out there and start asking the right questions. This process can be the first step to realising your dreams.

Remember you need to start off with clearly defined goals. Or in the words of the song from the very old film South Pacific, “You’ve got to have a dream…. If you don’t have a dream… How you gonna have a dream come true.”

Once you have developed your dream, vision or goal, you absolutely must stay focused. When you are feeling unfocused and scattered, you've taken your eyes off your goal.

To act with focus, take a break, be calm and do some visualisation. Visualize in great detail exactly what you want and imagine having it right now.

Simple Tips To Help You Achieve Even Your Most Ambitious Goals 

So far in this series on goal setting, we’ve gotten started with the goal setting process and make sure all of our goals are SMART. Now, it’s time to boost our chances for success at achieving each one of our goals.

Make a Commitment

Goals require commitment and dedication. There’s no other way around it. If you are struggling with committing to a specific goal, go back and start the process over. You may not have identified the goal just right, or you may be lacking the necessary motivation to see it though.

Keep Track of Your Progress

Just as it’s important to put all of your goals down on paper, it’s equally important to track your progress. You can do this with a goal tracking worksheet, a goal management tool or a method of your own. The key is to regularly check-in on your goal progress and take note of where you are and where you need to go before your next check-in.

Break It Down

It’s good to have big and very ambitious goals, but many times, you can make them more attainable and realistic by breaking them down. A set of five smaller goals that will get you to your ambitious goal can be a lot more manageable and a lot less overwhelming.

Motivational Quote

One excellent thing to do during these ambitious goals times is read some motivational quotes from top traders, motivational speakers, most successful internet marketers who have been in shoes and know the path to success.

Get Help

You may need external support to accomplish your goals, or maybe you are struggling with the commitment factor and need someone to hold you accountable. While your goals may be personal to you, that doesn’t mean you have to do it alone. If you need help, support or just a cheerleader, ask someone your trust.

Be Willing to Revisit and Revise

Your regular goal check-in process is the perfect time to consider if the path you’re taking to accomplish your goals is valid. You may find that you have more clarity after you’ve outlined your goal. It’s okay to make changes and modifications, as long as they support what you set out to do.

Keep Your Eye on the Prize

Thinking about the big picture is important, especially with long-term goals. While there will be times when you’ll be so focused on working to move forward that you may not consider the end result, it’s necessary to take time to think about where you’re going. Envisioning your success can help keep you motivated.

Be Consistent

Consistency and routine can play an important role in reaching your goals. Be consistent when you have progress check-ins, how you track your advancement, and how and when you focus on your goals. The more routine you can make the process, the easier it will be to keep going.

Let Your Goals Grow Up

Life changes and so will your goals. You may have a few long-term goals that span the next few years, but if you consider them set in stone, you may miss out on modifying your plan to fit current business, lifestyle and societal changes. In order to keep your goals relevant and realistic, let them change and grow as you do the same.

Focus on Positive Thinking

As cliché as it may be, positive thinking can empower you to reach success. If you consistently think negatively, you may be sabotaging your entire goal process. Positive thinking and self-affirming mantras really can get you through the most challenging parts of reaching your goals.

Celebrate Every Success

You can’t expect yourself to work steadily toward a goal without any type of reward along the way. Not only is that bad for your morale, but it can diminish the power of the entire process. Take time to celebrate every success for every goal, no matter how big or small. It will build your confidence and commitment and make it easier to keep pushing to reach those large-scale future goals.

What do you do to ensure your own success? Are there certain processes that you use to make it easier to strive for even the most ambitious goals.

USE THIS AMAZING FOREX TRADING PRINCIPLES THAT COULD TRANSFORM A LOSING TRADER INTO A WINNING TRADER... 

Be Ambitious And Have Focus

Do People Make Money On Twitter

Chitika   Oktober 11, 2016

Do People Make Money On Twitter

Turn Your Twitter Account Into Make Money

Do people make money on twitter. Thinking of how to make money using Twitter? This blog will be helpful in understanding what Twitter is and how you can effectively use it to generate targeted traffic for your online business. More traffic will bring in more customers and eventually increase your profit.

First of all, Twitter is one of the fastest growing websites today. Different types of people simply love this website because it serves as a great way for them to communicate with other people from different parts of the world.

$2,331/DAY WITH YOUTUBE + AMAZON AS AN AFFILIATE! LET ME SHOW HOW?

Twitter is basically a free social networking website where it allows members to send and also read messages that are called tweets.

The tweets are available for a person’s follow to view. They can be friends or family members or just about anyone you know.

The great thing about it is that you can also restrict the messages to certain groups or friends to see. And because of the fact that twitter is free and easy to use, a lot of people use them.

HOW TO MAKE MONEY USING TWITTER

People today are now taking advantage of Twitter by advertising their products or to promote their businesses.

You can even use Twitter to advertise your webpage or website in order for you to get targeted traffic flowing into your website and start making some money.

Tell them about your promotions, if you have a sale, or just subtle hints of why they should check out your site. As you can see, Twitter is a very useful tool for internet marketers.

Once you collected enough followers, you will be able to start getting your followers to visit your website and click on links to your affiliate website and start earning some cash.

EARN $90/DAY MANAGING YOUR ALL SOCIAL MEDIA ACCOUNTS IN ONE PLACE

So, if you are an internet marketer who is trying to figure out how to get targeted traffic in your website, you may want to consider using Twitter.

Through this networking website, you will be able to get followers and eventually generate targeted traffic in to your website, which is highly essential in becoming a successful internet marketer.

Do People Make Money On Twitter