Sunday, April 19, 2009

In The Forex Gladiator Ebook I'll Explain Everything You Need to Know To Become A Forex Gladiator:

Forex Trading Strategy Ebook

The difference between Fundamental and Technical Analysis and how and when to use them.



The three kinds of price charts -- Line, Bar and Candlestick -- and how to read them.



How to choose the best Forex brokers, how they operate, and where to find them.



How to avoid the 7 biggest, most costly mistakes you can make as a Forex trader.



35 of the very best, most important Forex day trading tips you need to know to ensure your long-term success.



The critical importance of formulating your own Forex money management system and following it every day.



My essential 3 step system for Forex trading and how to put it to use immediately.



An ingenious strategy that can increase your ability to spot potential winning trades by 100%!



The secret to knowing exactly when and where to exit for maximum potential profits. (I had to pay $10,000 to learn this!)



Learn how to quickly assess what the trend is and the exact strategy to exploit the situation for maximum potential profits.



Learn how to quickly know what market is the best market to trade. Simply applying this one technique can make all the difference in the world.



Fully disclosed system: no need to buy, rent or subscribe to any service. You control your trading, you decide when to trade, you decide how much to trade.



So easy to learn that most of my traders (many who are completely new to forex trading) put Forex Gladiator to work only 1 day after learning it.



No stress, no emotions: Since Forex Gladiator is 100% mechanical you will only follow strict rules to identify, enter and exit trades. No interpretation or judgment what so ever (if you trade already, you most likely know the value of 100% mechanical trading)!



Completely disclosed rules. Stop using those trading services or so called "black box" systems. Be in control of your trading.



And much, much more!

Wednesday, April 8, 2009

The Line Chart


Line charts are one the most basic types of charts used in finance in general and forex in particular. This type of chart is formed through a line connecting a series of data points together – usually, line charts display lines drawn from one closing price to the next.We clearly see the general price fluctuation of this currency pair over a given period of time (a year in our example). One of the main reasons that make line charts so popular is that they record closing prices, one of the most important prices to keep track of. Other common forex charts include the bar chart and the candlestick chart.

Risks in Forex Trading

As a mostly speculative activity, forex trading involves many risks. In two words, forex trading risks are mainly about losing money. That's why Forex Money Management is so crucial when it comes to forex. Traders must have a plan and stick to it no matter what, or else they might lose their shirt in a matter of hours – that’s why you must never trade money that you need to survive. In fact, one of the ways to approach forex trading is through risk management. Much of how you trade is actually defined by your risk profile: are you someone who likes taking risks, hates taking risks or someone who is generally apathetic to risk?Depending on your answer to this question, you will build your own customized trading strategy. Having a trading plan and sticking to it is the only way to make forex trading profitable and to avoid the main forex trading risks. When trading forex, risk management makes up a big part of your plan. To define a clear trading plan, traders must define several points:When to trade: what timeframes are best suited to your trading routine? Are you more of a day-trader – someone who trades over a couple of days, usually aiming for 10 to 50 pip profits; an intra-day trader – this category of traders is also known as “scalpers”: they trade on time frames of a few minutes and make a large number of deals for profits usually ranging from 5 to 10 pips; a swing trader – these are professional traders who open positions over several days for profits ranging from 50 to 100 pips; or a position trader – meaning that you make less transactions over a longer period of time for profits ranging from 500 to 1000 pips To learn more, continue to: Forex Trading HoursWhat tools do you base your trading strategy on? Whereas intra-day traders and day traders will generally make their trading decisions according to technical analysis, position traders usually trade according to fundamental analysis. As for swing traders, they usually use both. Which products do you trade? Some products such as options are more complex than others and will therefore be traded by more seasoned traders. Choosing the right product is also essential when it comes to trading strategy. And last but not least: what risk are you willing to take? According to your money management system, you will define a certain percentage of your capital you are ready to loose, and set margin, leverage and stop-losses accordingly. The extent of forex trading risks is equal to its potential profitability. Indeed, since forex is a leveraged market, it allows for huge profits but can also lead to huge losses. That’s why we recommend traders new to the field to use a relatively low leverage level at the beginning. That way, you can test your overall strategy without risking too much. If you lose, you can readjust your strategy and still have enough money to get back into the game.In brief, the main forex trading risk is losing money. However, with a sound trading strategy, solid money and risk management plan and a cool head, you may limit and minimize your losses while maximizing your profits. It is also to be noted that with Finotec, in order to prevent over-ambitious traders to lose what they can’t afford, you cannot lose more than your initial deposit. If a trader reaches that point, part or all of his positions will be closed to avoid.