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Entries from December 2007

Setting Your Mind Up For Trading Success

December 27th, 2007 · No Comments

One of the major stumbling blocks to trading success (and in fact every other human endeavor) is what goes on in the mind. This is why as a trader, you must prepare your mind for trading success as well as learn the basics of successful trading.
When your mind works against you, even if you have [...]

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Tags: Forex Trading · Trading Journal · Trading Lessons · Trading Psychology · Trading Thoughts · Trading Tools

Forex Trading Tools: Currency Converter

December 17th, 2007 · No Comments

Sometimes, you just want to know how much one currency is worth in another denomination.
So here’s another Forex Trading Tool that you can use to convert currencies, courtesy of Easy-Forex.com. It uses the latest rates from their prices:

Easy-Forex? You’re invited to trade with professionals.Forex trading involves substantial risk of loss, and may not be suitable [...]

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Tags: Trading Tools

How The Forex Markets Work

December 17th, 2007 · No Comments

How do the forex markets really work? Why do prices move? Who causes the prices to move? And where do you fit in as a forex trader?
In the simplest explanation possible, the main driving forces of market behavior are:

Profit-Making (or profit maximization)
Fear:

Of Losing Money
Of Not Making Enough Money (Greed)

Forex Market Participants

The markets move because of [...]

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Tags: Forex Trading · Trading Lessons · Trading Psychology

EURUSD End Of Day Reversal Case Study

December 15th, 2007 · No Comments

Here’s a case study for trading the EURUSD End Of Day.
The EURUSD has hit into monthly resistance levels that were outlined much earlier in previous posts.
Would it continue to run, or turn round and head back down?

Trying to pick tops and bottoms is tricky business. Especially in currencies where markets tend to trend far longer [...]

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Tags: Chart Patterns · Forex Trading · Forex Trading Strategy · Technical Analysis · Trading Lessons · Trading Thoughts

COMBO Forex Profit System (Profit Forex Guide) Review

December 6th, 2007 · No Comments

Combo Forex Profit System is a forex trading system put together by David Chia, (Forex Trader, Researcher and Creator of COMBO Forex Profit System, NY, USA)
Forex trading can be complicated enough as it is, when there are so many ways you can analyze the markets to find trading opportunities. It’s easy to forget that successful [...]

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Tags: Forex Trading · Managed Trading Accounts

Forex Day Trading: The 5EMAs Forex Trading System Summary

December 3rd, 2007 · No Comments

I’ve been trading the 5EMAs Forex Trading System over the past 7 weeks, testing it out in various market conditions and getting to understand the logic behind this system.
Does the 5EMAs Forex Trading System work?
In a word, yes.
You would still have to practice and put in the necessary screen time to effectively use the 5EMAs [...]

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Tags: Forex Trading · Forex Trading Systems · Trading Lessons · Trading Thoughts