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Wednesday, 28 December 2016

5 Tips to Help Improve Your Forex Trading

Trading is absolutely a game, where you can win or lose. As similar to any other investment or business, forex trading has its own pros and cons. But, if you are with good knowledge and understanding about the Forex market and as well the forex money management, risk management, good trading strategy managed accounts, then success is definitely yours!


 5 Tips to Help Improve Your Forex Trading

Trading is absolutely a game, where you can win or lose. As similar to any other investment or business, forex trading has its own pros and cons. But, if you are with good knowledge and understanding about the Forex market and as well the forex money management, risk management, good trading strategy
 managed accounts, then success is definitely yours! There are many ways to improve your trading results and also there are number of strategies that help you having best managed forex account. The top 5 tips to help improve your managed forex trading account are easy to understand and just as simple to implement into your strategy. Correct application of the tips will result in more successful trading which of course leads to higher earning and profits, something every trader strives for.

Since Forex trading requires extensive knowledge in many areas, the first tip is to expand knowledge and attend seminars about trading. Seminars show you different techniques, ways to analyze your collected information, provide a place to talk to others and also give insight on different ways of perceiving one market. The second tip is an extension of the first and that would be to build all your skills that you have acquired in trading. Important skills to build upon are drawing charts and patterns that help you to visualize trends and cycles.

The third important tip for having managed forex account is to be complete when devising trading strategies and plans. Successful plans take into consideration that major events can happen which result in losses. Being prepared for any situation is essential and that includes calculating in catastrophes and history changing events. The fourth tip in having prominent forex managed accounts is based on the facts included in the third one, namely that losses are possible no matter how much you analyze a situation. That is why this tip involves establishing an emergency fund which will counterbalance any negative income and still leave you the means to invest if something worthwhile comes up.

The last tip in having forex managed accounts is to simply rest and take some time to think things through. Forex trading is strenuous and sometimes keeping up with things on a daily basis leads to bad decision making. With Forex it is better to watch for a while and rethink your plans and create new, more successful strategies.

Forex is quite similar like gambling, which results with the chance of both winning and losing! To reap maximum profit from your trading, all you had to do is implement the right strategies and adopt your mind with inclined attitude. Doing so, you possibly get the chance of tripling your income in short course of time.

Tuesday, 20 December 2016

If You Are Tired Of Losing On Your Trades Then Follow This Simple Strategy To Buy Low And Sell High

Here’s a great ‘ten simple steps’ forex trading strategy which you can use to maximize your trading profits whilst at the same time minimizing risk to your trading capital. If you already do your own trading and can set automatic buy/sell orders then this strategy is perfect for you.


 Simple Forex Strategy To Buy Low And Sell High

No matter which forex trading strategy you read about or try, they all share one fundamental principal, that is to buy low and sell high. Sounds simple enough, but then why do some 95% of traders manage to get in and out of the market at the wrong time, over and over and over again?

What over-powering force is in place which steers the 95% to do this? The answer is human nature and the counter-intuitive manner in which the forex market operates.
The 5% of traders who consistently make money in the forex market do so by buying when the masses are selling, and selling when the masses are buying.

They do this by following a dozen or so strategies, some simple, some more complicated. It is not in the scope of this article to go into each and every strategy, but here's one anyone can use.
The links at the end of this article point to the web page where you can see this strategy in the form of charts and graphs which make it much easier to understand. Take a look if you're finding it difficult to picture it.

The Ten Steps Strategy:
1. Study the 12 month charts of several reasonably well known companies and pick out stocks that have been in a steady UPWARD trend throughout the period. There are always plenty of them, even in a falling market.

No forex is ever a sure thing, but give yourself a head start by choosing one which is going in the right direction! Fundamentals don't mean anything if the price of your chosen forex is trending downwards. Don't care what the company is or what it does. This is irrelevant, you are just here to make money, period.

2. Check out the trading volumes and eliminate any which lack decent liquidity.
Avoid forex with not much liquidity (not a lot of buyers/sellers) as you need to be able to get in and out easily and without effecting the price yourself.

3. Study the 3 month chart and check the recent levels of resistance. These are points where the forex price has peaked and then pulled back, before breaking new heights again.

4. Place a mental note to buy at a price just above the most recent top. Note you are not actually buying  at this point, just making a mental note to buy when it hits this price.
The stock will need to reverse upwards again and 'break through' that last resistance level to effectively 'buy you in'.
If the forex price does not reverse but instead further drops away, simply lower your 'mental buy order' to just above the resistance levels going down and wait for the forex to turn back upwards again.
The great part is the more it drops the better as you have still not bought in.
If it is a well known company and there's temporary bad news surrounding it (anything except impending closure) you can be sure this stock will eventually bounce back and catch up with (or even temporarily over-take) its long term trend.

When it does it will catch up quickly, over a few weeks perhaps. Follow the next steps and you will be sitting on it all the way up to next top. Gains as much as 30% are common.

5. When the forex price eventually reverses direction back up and passes up through your buy order, immediately buy at market price.

6. Now set your stop loss. Study the last couple of months of the chart and check the rising levels of support. These are points where the forex has resumed its upward direction following a pull back.

7. Place a 'note to sell' at a price just below a recent support level. Not too close but not more than 5-8% below your buying price. Your sell order is now your stop-loss.

I cannot stress more - you MUST use a stop loss. Your stop loss will protect your capital if the forex unexpectedly reverses down again. You can always get back in later when it recovers from a very deep pull back (and make even more money in the process).

8. As the forex price moves up, but as soon as reasonably possible, move your stop loss (sell order) up to your buying price. Your stop loss is now your break even. Don't do this too soon as the stock price may possibly test the support level above your stop loss before heading up again. Give it a few days to do that if it's going to.

9. As the forex price continues up, keep trailing your sell order up with it to just below the support levels going up.

10. When the forex price reverses direction and passes down through your sell order, immediately sell at market price. Your sell order is now your stop gain.

On a final note, one of the greatest obstacles to success will likely be you. One of the hardest things to do is to actually sell when your stop is triggered. There's always the voice in the back of your head telling you to hold on a bit longer if the price moves against you. This could be the death nell of your trading because if the price continues to fall it will erode your trading capital.

To counteract this danger you should try to automate many of these processes. Set your stops and if the stop is triggered you can find out why afterwards.

Monday, 12 December 2016

Why Manage Your Risk In Trading?

Managing your risk can be the best way to have long term success trading in the Forex market.  All traders who do not have a risk management system in place will eventually lose their money.


 Why Manage Your Risk In Forex Trading

Managing your risk can be the best way to have long term success trading in the forex market.  All traders who do not have a risk management system in place will eventually lose their money.

Something that the majority of traders will do is overlook this.  They will come in and start picking stocks that make them big money.  They decide that position sizing isn’t for them because the more they make more money by using all of their account.

They start making the big bucks and living the good life. They get cocky because they believe that they can always make more money, it just rolls in.  But then when the market turns against them they are devastated.  What good is making a million dollars if you lose it all in 1 day?

Stories like that are all too common in the trading world.  To get around this you must use proper risk management.  There are a couple ways you can use it to prevent the markets from crushing your account.

1.       Never risk more than 5% of your account in any 1 trade.  If you only risk 5% of your account in every trade you can never go broke.  You can never lose all of your money no matter how many times you lose. 
2.       Having both long and short positions at all times.  This is something that I have found to be useful.   When the markets are bullish then you can make huge returns with your bullish trades, when they turn bearish then you can make huge gains on your bearish trades.
3.       Having cash to sit on.  This is something many traders do not like to hear but you should always have some cash in reserve.  It can be there for a couple reasons but the major reason is that if you lose the money you have in the markets you will always have some cash in reserve.

Wednesday, 7 December 2016

How Instagram Can Be Beneficial To Your Social Media Optimization Campaign

How Instagram Can Be Beneficial To Your Social Media Optimization Campaign, Why Instagram, Social Media Mareting, Instagram Marketing


How Instagram Can Be Beneficial To Your Social Media Optimization Campaign


In this article we are explaining as how Instagram can be  beneficial and proves to be really a great social media platform to get most from your social media optimization campaigns.


Are you thinking of getting in on the action that is occurring on free photo-sharing social media optimization platform Instagram?  Well, you should if your company is in the business of taking massive amounts of photos while you are working around the office, visiting clients, attending events, or having co-worker bonding time.


Instagram Marketing


Using Instagram during your social media optimization campaign will give you the chance to stimulate a person’s or future customer’s emotions, and can provide them with a visual call to action; although this call to action doesn’t necessarily mean that you are making a sale.  A call to action on Instagram means that you are stirring the pot to get some feedback on what is happening in the world of your business.  It is possible to take photos of your products and put them on Instagram, but most people will be looking for photos to view and provide feedback on.
Do you desire some criticism, whether or not it is constructive?  If so, then Instagram will provide you with exactly what you are looking for.

Have new products to show off, share them on Instagram!  Better yet, are you ready to launch or promote new products and services?  These are some of the cutting-edge moments your followers may be looking for, and if they like what they see, (or they don’t) they will provide you with the feedback you are craving.

In all, Instagram can serve as the means to show how your business is creative.  Some of the best businesses to be on Instagram are those that are in the arts, the food industry, boutiques, designers, retail stores, and news outlets.  If you are involved in any of those types of businesses, you probably produce lot things people will be searching for on Instagram.  So, why not share it on Instagram, one of the new and hottest photo-sharing social media sites?

How Instagram Can Be Beneficial To Your Social Media Optimization Campaign, Instagram Marketing, Social Media Marketing, Why Instagram

Monday, 5 December 2016

Set Yourself A Set Of Forex Trading Rules And Stick To Them

In just about anything we do in life we do much better if we have a clear plan and a set of rules to follow and Forex trading is no exception. The problem here though is that Forex trading doesn't have any rules of its own and so it's important for traders to establish their own set of Forex trading rules.
One of the biggest problems for the new Forex trader (and quite a few experienced traders) is that they are no real rules to Forex trading. Now in some ways that's one of the beauties of forex trading and it's nice to have the freedom to trade when you want to, to enter and exit positions whenever you feel like it, to increase or decrease an existing position and simply not to trade at all if you don't feel like it.

 Set Yourself A Set Of Forex Trading Rules And Stick To Them

But within this freedom there also lies considerable danger.
No matter what we do in life there is no doubt that we do much better if we have a clear objective in mind and a road map to get us there. However, even though having a road to follow is essential, it is also important that we have a set of rules to follow to keep us on that road and to stop us from taking a wrong turning and ending up heading off course or driving up a dead end road.

In Forex trading there's no doubt at all that traders who follow a strict set of rules meet with far greater success than those who simply 'wing it'. Also, if you speak to traders who do follow a set of rules they'll tell you that, nine times out ten, when they have a bad day it's because they don't follow the rules and, when they have a good day, it's because they stick to them like glue.

The problem is that, since Forex trading doesn't really have any rules, you have to create a set of rules for yourself.

Now exactly what rules you will lay down for yourself will depend very much on your own trading plan and your rules will need to be reviewed whenever you update your plan - which you should do on a regular basis. So what sort of rules are we looking at?

Well, you might for example decide that you will never enter a trade without ensuring that you have a stop loss order in place. You might also decide that you will only enter a trade if certain analytical conditions are met. In other words, you will not enter a trade simply because you have a feeling about it, but will only do so if the numbers tell you that you should do so. In addition, you might decide when you are in a profitable trade you will move your stop when your profit reaches a pre-determined level in order to protect your position.

These are just a few ideas and your own list will need to meet your own particular trading strategy. However, whatever shape your list takes and however long or short it is, it is vitally important that you draw up a list, having thought about it very carefully, and that you then stick to it and also review it at regular intervals.