FINANCIAL FREEDOM

Monday, March 11, 2019

Money Management and Psychology

Don't Fight the Tape

You have probably heard the term over a thousand times,
"The trend is your friend," but do you actually follow it?
You would be amazed by how many new traders get blown up
because they insist on trading against the trend. When you
think about it, short-term trading is really a simple game.
If there are more buyers than sellers, you buy, if there are
more sellers than buyers, you sell. Trending markets are
essentially telling you who is in control and going against
them is almost always a loser's game.

What should traders do? - Don't fight the trend!

From the end of Nov 2002 to January 2003, the Euro rallied
nearly 1000 pips. From the chart below, you can see
that the trend during that time, was pretty much straight up.
Therefore, traders who were trying to fight the trend, did so
unsuccessfully. Those who consistently tried to find the top
in EUR/USD, did nothing but lose money during the 3
months. Traders who were smart enough to go with the
trend would have been able to take advantage of at least a
part of the 1000 pip move.

Monday, January 28, 2019

FOREX - Forex Market Hours

Forex trading hours: London, New York, Tokyo, Sydney sessions.
Best trading time in the Forex Market

Forex market hours. When to trade and when not to trade.

Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why?

The best time to trade is when the market is the most active and therefore has the biggest volume of trades.

Actively traded markets will create a good chance to catch a good trading opportunity and make profits. While calm slow markets would literally waste your time & efforts — turn off your computer and don't even bother!

Forex Market Hours

FOREX - Trade With Perfect Trading System

It is a semi-automated Forex trading system based on easy to learn system rules.

A technique which has been proven to provide consistent trading profits during London and New York sessions.

As the process of monitoring and analyzing is fully automated, the system requires only very little screen time.

Once the software finds a high probability trading setup, you will be enter to the market instantly.

It comes with sophisticated money management, calculates optimum Stop Loss and Take Profit prices for you and allows you to place orders with just one click.

FOREX - Average Pip Movement of The Global Currency Pairs

Average Pip Movement

This is the average pip movement of the major currency pairs in each major Forex trading Session.

FOREX - Forex Compounding Calculator

You can use the Compounding Calculator to calculate profits and interest earning. This allows you to understand better how your trading account will grow over time. One of the most interesting facts about compounding is that even a moderate monthly gain turns your initial capital into a serious amount of money over time. You will be surprised how powerful compounding can be.

Forex Compounding Calculator

FOREX - Forex Risk Calculator In Lots

The number one reason why currency traders lose money? It's because they continuously place trades with to high risk. With below Forex Risk Calculator you can calculate the risks based on account size, lot size and risk ratio in percent. Doing so will help you to enter trades with too high risk. It's really is simple.