Why The Trend is Your Friend In Forex Trading

Why The Trend is Your Friend In Forex Trading!!!!

Trend lines in Forex Trading are probably the most common form of technical analysis. They are probably one of the most underutilized ones as well.
If drawn correctly, they will be as accurate as any other method. Unfortunately, most traders don't draw them correctly or try to make the line fit the market instead of the other way around.
In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).

How do you draw trend lines?

To draw trend lines properly, all you have to do is locate two major tops or bottoms and connect th
Yep, it's that simple.
Here are trend lines in action! Look at those waves!

Why Not All Binary Brokers and Guru's are Honest

Just a Quick headsup if anyone is thinking of the lastest Trading (investing) fad, BINARY OPTIONS.

 The 60 Second Binary Option Scam

This stems from the fact that some binary option brokers offer a 'revenue share' to affiliates. The problem with this is that revenue is only earned if the client loses money! So, some unscrupulous website owners are offering free trading systems that look good and promise '100% guaranteed returns'. However, they have been deliberately designed to blow up the clients account with the result that the affiliate is guaranteed to pocket 35% of his clients deposit. The main one is a system that tells you to trade $5, $10, $25 and if you have three losing trades in a row, then trade $100 and you are certain to win! Why? You can easily have ten losing trades in a row without a sensible system. That will certainly lose you multiple $140 sooner or later, 35% of which will end up in the affiliate's pocket...

Don't get caught out in this lastest Scam this is nothing more than Gambling, and you will lose All of your Investment.

Be very Carefull of this Market, if you are not for you it will turn out like a weekend from hell in Las Vegas, were all you will be leaving with is the shirt on your back.

Binary Options is so very different from Trading the Forex be carefull.

 

Why When Trading The Forex Having The Right Broker Means Keeping Or Wiping out your Account

Now You have the amount you want to Invest (trade) be it 200$ - 400$ I recommeded at least a 1000$ or will find yourself with money managerment problems and margin calls (more about that Later).

So Now your Ready to trade, maybe you have been Trading a demo account for lets say 3-4 months, and you seem to be doing very well, well not to  burst your bubble almost every who has ever tried Forex Trading makes gains on a Demo Account, and then when they open a Live trading Account something seems to go baddly wrong (more again on this in later posts).

For this Reason it is Very Important to choose the Right Forex Broker, and yes there 100's of them all different in many ways.

Listed below is Three Quick things and there is more we all need to know when chooseing a Forex  Broker. (there are more very important things to consider as well More about this in later post's)

1. Trading Platform

In online forex trading, most trading activity happens through the brokers' trading platform. This means that the trading platform of your broker must be user-friendly and stable.
When looking for a broker, always check what its trading platform has to offer.
Does it offer free news feed? How about easy-to-use technical and charting tools? Does it present you with all the information you will need to trade properly?

Do you want to use a web based platform, or the popular Meta Trader 4 (5).

What Type of chart surport Does it offer, will you have to pay for this.

Does it allow EA's ??? (Expert Advisor)

2. Execution

It is mandatory that your broker fill you in the best possible price for your orders.
Under normal market conditions (e.g. normal liquidity, no important news releases or surprise events), there really is no reason for your broker to not fill you at, or very close to, the market price you see when you click the "buy" or "sell" button.
For example, assuming you have a stable internet connection, if you click "buy" EUR/USD for 1.3000, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is very important, especially if you're a scalper.
In this regard not all Forex Brokers are the same.
If there is a dely due to your Brokers Execution, your Order (trade) wont get filled at that price and the spread could widen limiting your profit, and causing you to pay a Higher Spread.
A few pip's makes all the difference to your profits, when you come to close the trade.

3. Customer Service

Brokers aren't perfect, and therefore you must pick a broker that you could easily contact when problems arise.This is very important if your internet Connection goes down.
The competence of brokers when dealing with account or technical support issues is just as important as their performance on executing trades. Brokers may be kind and helpful during the account opening process, but have terrible "after sales" support.

Hence you should be able to contact your Brokers and get the same servcie you had when you opened your Live Trading Account.

If Not the alarm Bells should start ringing.

Do your research remember It's Your Money, and you need to be 100% happy with any Broker you Choose to Open a Live Trading account With.

Feel free to ask as many Question as you like before parting with any off your Hard earned Cash.

If any Broker seems unhappy with any Questions you ask it's time to Walk Away.

Please feel free to leave your thought's, do you agree, have any thing to add it's all good.

 

 

Why Trade Forex and Binary Options

Why Trade the Forex and Binary Options, this is the Question.

1st of many things you need to consider before you even open an account with a Forex or Binary Broker is, How much Capital (Money) do I have to invest and More importanly How much Money am I and can I afford to Lose.

To behonest to really Trade the Forex and Binary Options you need to invest more than the so called Gurus tell you, sayings Like this "make 1000$ or 500pips a month, with as little as 5.$-100$"
This is a LIE, anyonw who has trade Forex or Binary Options on a daily bases knows this not to be true.

For the Forex Market you need to educate yourself, about how you will trade, will you NEWS trade Trend Trade, Daily trade, will you trade technicals or Fundamentals theses and many other ways to trade you not only need to learn, but also need to see if they meet the way you want to Trade.

One of the biggest Lies is make 1000$$$$ with only 50$$$ - 100$$$ trading account this just is not true - think about it if it was we would all have Millions in the Bank.

Don't get traped in theses Lies, the Forex is Not a short term get rich quick way to make 1000$$$, thats what Gamblers think and they lose big time.

Forex is Not Gamberling, it takes time to master many months even years, and even then the market is always changing.

You can make a profit in Forex with the right money managerment skills and education and training.

Not with 7$-97$ robots or fake signals YOU Lose YOUR BROKER WINS and the so called Guru WINS.

My recommenedation is to start a Forex Account with at least 1000$ depending on your Leverage and the lot size you will be trading with.

Remeber Forex Trading is not a Game you can profit from it but you can also lose more than your start up investment.

Forex Trading is not a pick up today come back next week thing, it take time training, education, on a daily basis, trading the Forex part time means you will lose Money.

You need to know the markets the currency pairs you want to Trade what moves them on world Markets, and you to do this on a daily, weekly and monthly basis to stand a chance to be a long term Trader.
Or else look forward to blowing OUT YOUR WHOLE ACCOUNT.

Why Trade The Forex And Binary Markets

So If I was to tell you, that you could invest (Trade) 200$ and make 1000$ more by the end of the month. I'm sure like me the 1st question would Be, HOW followed by it's to good to be True.

Well with most Forex Scams Nearly 99.9%%% are designed to Do one One THING TAKE YOUR MONEY.

Would You trust me with your 200$ or even 1000$ to trade with having never meet me, and all I'm asking for is JUST and get this Just 7$ to make you 1000$ or I might ask you for 37$ 47$ and it goes on to 97$

If you had the formular to turn 200$ into 1000$$$ in a month all for just 7$ - 97$ you would have world leaders banging down your door to invest Millions - billions of dolloers.

Yes this would end most of the worlds money problems.

It's a simple point and I know world Money Problems are more complex, but you get the point.

Forex Robots

Just a Quick Thought For Today to all you new traders out there, and anyOne Thinking of Trading the Forex/Bianry Market's.

Forex Thought For the Day:

Do a Google search On "Forex Robot's" 

Check Out HOW Many Pages there are under this Search Topic.
 
And Then Keep Thinking about the WHY.

If you have any Questions, or would like to leave a comment Feel Free.

Coming Soon, Giving my Real Life Trading With Binary Options, and Why It's the Brokers and the So called Gurus Next Big Thing.

Keep Asking yourself Why.

Why am I why do I want to trade the Forex/Bianry Markets, and then keep asking Why.

Why Do the Brokers Want me to trade why do the Guru Selling Robot, signal Service the list goes on.

WHY Do they all Want me to Trade.
 

So You Want to Tarde Forex

So Now you feel I'm ready to trade The Forex, You have read all the so Called guru Stuff Thought about Buying some of the Must New Robots/Software Thats Promise that with as little as 100$$ you can turn this into 1000$ in under a month, or even 100.000$$$ in under a Year.

You have looked at some brokers read a few reviews, maybe even tryed a Demo Forex Account, (Tell Did you win MOST if NOT all of your Trades).

You are thinking maybe I'll fund my account with say 200$$$$.

Now's the Time to STOP, and really think, about Who's money you want your money to be.

Reason for looking to trade Forex, Earn extra income in theses very HARD Times, Maybe you just have a genuine intrest in the Markets.

What ever the reason and there are many why People Choose the Forex the list is endless.

But the ONE Factor it all comes down to is $$$$$$$$$$.

At then end of the day the Forex Market/Binary Markets offer an oppertnity to make Money fast with very effort, remind you of anything yet (KEEP ASKING THE WHY IT BECOMES CLEAR)

A Question To ask any Broker you are going to Join, ask your new account manager, or person you speak with on the Phone, Have you ever Traded Would you ever Trade, and if the Market is as Fast and easy as the Guru's say and the robot's and software and 1000$$$$ course make it out to be.

Then why are you speaking with me on the phone, and not Trading yourself, Now ask this question again but to something very similar, ( I WONT SAY< BUT YOU WILL KNOW).

Question to ask your self as well:

If I lose Money in the Forex/Bianry Markets my Broker wins, I lose.

But get this Even If you Win A trade, YOUR BROKER NEVER LOSES, No Guru or Forex Site that Promtes Forex(I.E Selling Forex Robots and Brokers Sign Ups).
Will ever tell you this.

More Than 97% of New Trades FAIL and LOSE all If not Most of there Start Up Trading Account, and there is a reason for this, More About this Later.

Feel Free to agree, disagree leave a comment.