New Forex Trading Video
Watch this video on my YouTube channel and grab your free report.
http://www.youtube.com/user/annabelmeade#p/a/u/0/5NcvzH23e-8
Hope you managed to grab a good scoop of pips this week – some nice moves on the GBPUSD. Will be posting some tutorials on my channel soon and working on Forex Training with new clients.
Talk soon – good trading
Annabel
Popularity: 16% [?]
Forex Trading Strategies Using Divergence
Can Diverging Charts Give You A Higher Probability When Trading The Forex ?
We have seen a fair amount of divergence recently on the charts but does it making the right Forex trading decision easier? Well it gives you forwarning that the current trend is about to end and potentially reverse. You can then add your standard entry criteria to maximise your Forex trade.
Take a look at the Forex chart below:
Popularity: 37% [?]
Forex Trading Currency Correlation
With your Forex trading do you trade more than one currency pair at a time? How can you find out which currency pairs are correlating and which aren’t?
This might be useful to know. Have you ever looked at the EUR/USD with the chart for USD/CHF underneath?
Have you noticed that sometimes when the EUR is strenghtening against the USD then the USD is weakening against the CHF? Sometimes it’s uncanny how these two currency pairs move in the opposite direction, naturally when the USD gains or losses against the Euro zone.
Did you know that there is a website which can give you the exact correlation between these pairs and other commonly traded currencies?
Popularity: 25% [?]
5 Forex Trading Mindset Psychology Tips
Forex trading psychology is very important to get right!
It’s well known that 94% of all people trading the Forex at home fail. Sometimes this can often be the result of not having a good trading psychology or developing the right mindset for success. What if that was the only thing stopping you making consistent profits for a very long time – wouldn’t you want to make sure you get this right?
Here are 5 things you can do now.
1. Use the ‘3 strikes and your out’ rule. If you have 3 bad trades, take time to stop and reasses what you are doing. Go back to your trading plan and make sure you are sticking to it. It may well be that the market isn’t giving you the trades it normally does. In this case wait until it does!
2. Learn from your mistakes and don’t talk to yourself using negative language.
3. Set your trading hours and then enjoy your time away from the markets. Forex trading is pretty intense and you can run the risk of burning yourself out. Have a balance.
4. Don’t try to pre-determine the market. Yes have a strategy to deal with all eventualities but make sure you aren’t trying to control the market. It will do what it wants. You can, however, control your emotions and reactions to the market. The market will move in 1 of 3 ways – up, down or sideways and you should have a strategy to deal with them all.
5. I can’t stress enough the importance of taking your trading step by step. You won’t make consistent money over night. You may very well make a good living out of Forex trading if you learn how to do it and practise over time. Once you are consistent and confident with your strategy, you will have set yourself up with a good source of income for a long time to come.
Are there any tricks or strategies you have used successfully in your trading to control the psychology of trading? Add your thoughts and comments below!
Thanks for reading. To Your Success!
Annabel
Popularity: 23% [?]
5 More Reasons To Use Fundamentals In Forex Trading
So why should Fundamentals be added to your Forex trading strategy?
Here are 5 reasons to read around the subject of Forex trading and general economic factors.
1. Firstly factors like Retail Sales figures and GDP will move the market. If your Forex trading strategy includes trading these events and it’s a fully back-tested plan then great. If not then I would advise to close your positions before the news comes out.
2. Secondly you can gain some advantage over other traders by being informed and anticipating how the market might react to certain events. Countries like Australia and Canada are major producers of commodities. If Australia has had good crop gorwing seasons then this might strengthen the Australian Dollar – which you could anticipate as part of your Forex trading strategy.
3. Exports. Canada exports a large proportion of the goods they produce to the US. If your research shows an increase in goods produced, then you would look to possibly buy Canadian Dollars.
4. The price of oil will have a major effect on currency prices for both oil producing countries in addition to those major consumers of oil – especially for industry purposes. Keep an eye on the price of oil as this will move the currency markets.
5. The general economic stability of countries will also move the market. As we saw last week, the European Summit was successful in coming up with a strategy to deal with the debt problems of Greece which strengthened the Euro – especially in the US session!!
Those are just a few of the factors you can look out for. Having a little more background understanding and taking a look at the bigger picture will make sure you are well informed. This way you can take advantage of potential strengths or weaknesses in the currency pairs you trade – being one step ahead of others.
There are many more tips and strategies over at www.tradeforexfromhome.com Act now and click on the link for much more!
Do you have your own top 5 watch lists for good Fundamental analysis to add to your Forex trading strategy? Add your comments below – would be interested to hear from you.
To Your Success
Best wishes
Annabel
Popularity: 22% [?]
Forex Trader Radio
Forex Trader Alert!
Yes you really can listen to MP3 files from this web site to give you interviews on trading related topics. There lots of information on a wide variety of subjects including the link below to the post and broadcast called ‘What Makes A Consistent Trader’.
Read more
Popularity: 29% [?]
5 Things Do To Before You Start Forex Trading
How to understand the market before you start Forex trading and what you need to know to trade successfully.
Do you need to know much before starting your trading for the day? Can you just trade the price action without knowing whats happening ‘out there’? Well I would recommend doing the 5 things below before you start.
Popularity: 41% [?]
365 Days Of Forex Training Launched
Forex Training. How Much Will It Cost You In Time And Money To Learn All You Need To Make Consistent Profits?
This new Forex training will guide you to the heart of profiting consistently from the Forex market. Fast downloads, easy access, quick strategies, what-to-do and what-not-to-do all available now – saving you time and money researching the information yourself.
I wonder how long it will take you to buy your copy? Click here for more information.
365 Expert Forex Trading Tips. What will you do with the extra time and money saved not having to research the information yourself ? Visit this Forex Training page for more details.
Let me know what you think. I would love to hear from you.
Hope the above links help you to great Forex success!
With best wishes
Annabel
Popularity: 30% [?]
