Simple Forex Trading Formulas

If you could design the perfect market to trade, what would it look like? One that has international exposure? High liquidity? Low-margin requirements? Smaller contracts suitable for smaller accounts? Low-cost transaction fees? Stable market prices? Predictable price movement? No directional bias? Offer the ability to go long or short with uptick requirements? No limit up or limit down rules like in the futures market? The ability to trade around the clock to match your schedule? Offer a wide variety of instruments to trade? The Forex offers all of those things and more. Each day, more than $3 trillion US dollars worth of currencies are traded daily on the Forex across the globe, round the clock. The Forex never sleeps and offers dozens of currency pairs to trade round the clock. Never before has a market been so open and transparent to Forex trading beginners or to veteran traders than in the 21st century Forex market. But, even while offering so much, forex trading for beginners can be a frustrating experience if you don’t understand what makes the Forex tick. Especially if you lack reliable Forex trading strategies which can put yourself at unnecessary risk. For example, while Forex price action is considered more stable than the equity markets, you have to understand the impact of international economic reports in Forex trading. Then, you also have to know how to navigate around the games that are played with these reports. Insiders “leak” news concerning these reports to stir up Forex price action since there is no insider trading rules in the Forex. If you understand these nuances up front before you try your hand at Forex trading then you’re less likely to fall for these head-fakes and feints by the insiders and suffer unnecessary losses. Better yet, if you have an arsenal of Forex trading tools then you’ll be able to look at the price action taking place and easily determine the trend and where you’re entry and exit points are before you ever take a position. Whether you prefer Forex scalping to swing trading or taking longer-term positions, the ability to read price action, combine effective technical indicators, and have a plan in place to control risk and maximize your profits is critical to the path of profitability in Forex trading. In the following chapters and pages, you'll learn: - What the key economic indicators are (and how to use them). - Why it’s important to diversify your trading strategies. - A 5-step plan to maintain discipline in your trades. - What Ichinioku Clouds are and how to spot trading opportunities with them. - Comprehensive risk strategies to help insulate yourself from loss. - How to protect yourself from fraud. - How to use pivot points to spot "invisible" support and resistance levels. - The four types of price gaps to watch for and how to profit with them. - How to "ride" momentum to higher profits. - Where the financial epicenter of Forex volume is located (and it’s not in the U.S.). - How to combine the 20-day EMA and MACD into a formidable trading strategy. - Don't have alot of money? Welcome to the world of Forex Mini-Accounts. - How to read price action with candlestick patterns. - Keep your emotions in check (not knowing this can lead to sleepless nights). - Technical price patterns and what to watch for, and what to ignore. - How to combine price action, indicators, and technical patterns to form bullet-proof trading strategies. Ready? Then go to the upper right-hand portion of the screen and click the orange “Add to Cart” button and get started now!