1: Forex Trading - 3 Power Strategies
If you want to catch the serious profit in forex dealing you need to trend watch forex trends which are worse term. here we are going to give you a 3 step simple method which if you use it correctly, will help you catch every superior forex trend and lead you to long-term term currency dealing success.
2: Intro To Forex Options
Forex options trading can be a great alternative to trading in the spot fx market. It is often used to head physical currency positions. We have created a comprehensive guide to forex options in addition to the basic information listed below.Types of Forex Options
1. Traditional American Option: It can be used at any point until the expiration date
2. Traditional European Option: It can only be used at the point of expiration
3. Forex Spot Option: SPOT options are very similar to traditional options. The main difference is that the forex trader will first give a scenario (UER/USD will break 1.4000 in 2 weeks). The trader pays a premium, and then receives cash if his scenario occurs. SPOT trading also converts the option to cash automatically if your trade is successful.Determining an Options PriceAn option premium is determined by several factors including:
1. Time Value: In general, the longer the time period of the option, the higher the price you have to pay as time value shows the uncertainty of market movements
2. Interest Rate Differential: A change in the interest rates has an impact on the relationship between the strike price and the current market value.
3. Volatility: High volatility increases the probability that the market price will hit the strike price in a certain timeframe. Usually, the more volatile the currency, the higher the premium will be.
For more details about forex options, please visit our comprehensive guide. And remember, trading currency options offers a great alternative to or addition to trading currency in the spot market
One thing that contributes so much to the failure of many in taking lasting profits from the forex market is ignorance about what steps to take when making trading decisions. Let us quickly go over to 5 secrets steps to a profitable forex trading career.
STEP1: learn to plot the charts.If indeed you truly want to have an enduring forex trading career, there is need for you to learn how to plot charts on all time frames. The type of chart you plot are determined by your trading system and strategy. charts are easier to plot on the metatrader4 trading platform.
STEP2: Understand your set up conditionsThese are conditions you need to spot before you enter a trade. This is one area many traders are led astray. A trader has to wait for his or her set up conditions to be met before initiating a trade. Most traders make money and give it all back due to failure or in ability to follow the set up conditions included in there trading system.
STEP3: Know your entry points.These are price levels which offer high probability entry opportunities with low risk. certain trading tools can be of tremendous help in determining these levels. A good and decent trading system should provide you with these tools.
STEP4: Know and respect using stop loss.Once you have entered a trade, your first aim should be to protect your account. To do these you need to place stop loss order. Please ignore any trading system that encourages you to trade without stop loss order. A decent system should guide you on the best level to place your stop loss with higher probability of winning the trade, you might also choose to use trailing stop to protect your profit. Trailing stop helps to adjust your stop loss order if the trade is moving in your favour.
STEP 5: know your take profit.As soon as your trading system generates signal, it should be able to give you the profit potentials of the trade. Please note that guess work is not allowed in trading. Guessing can be very dangerous to any trader. You need to run thorough analysis before accepting take any trade with high probability.Remember you do not need a perfect trading system to be a successful trader. Adhere to these rules and the trade will be in your favour most of the times.
1 IGNORANT OF NEWS EVENTSMost ignorant technical traders often have there trading account badly damaged if not wiped out during news event releases. I therefore recommend that you get familiar with economic calendars even if you do not like trading them.
2 OVER TRADING.Most ignorant traders often over trade in any of the following ways: opening more positions than they should, not knowing when they have exceeded there trading limits. I recommend trading only one position at a time as a beginner.
3 NO TRADING SYSTEMOne of the worst things that can happen to a trader is to chase after pips or dollars without a proven system. To succeed in trading you need a proven and tested decent trading system.
4 NO TRADING PLANA plan gives you the road map to your destination. When you have no plan, you will surely not know when you miss the way.
5 NOT KNOWING WHERE TO PLACE STOP LOSS ORDER And have high probability for profitsIt is one thing to place stop loss orders, it is another thing to know where to place them in order to avoid being stopped out before price resumes in your analyzed irend and entry direction.
6 NOT KNOWING HOW TO MONITOR MARGIN ACCOUNT.If you do not know when your account is running into margin call, certainly you will not know when to cut your losses..
7 NOT KNOWING HOW TO IDENTIFY A TREND AND RIDE WITH IT.You trading system should be able to identify new market trends and , trend corrections and trend reversal.
8 ALLOWING MAXIMUM DRAW DOWN ON AN ACCOUNTWhen your account is drawn down by say 50% in one trade, you should know that it will not take you a profit of 50% to return to your previous balance. It will rather take you 100% profit in your remaining balance before the account was drawn down.The above 8 mistakes put together can result in a margin call.
I have never heard an forex trading system creator claim that his system can give 100% accurate forex signals. However, this rule seems broken by Forex Ambush 2.0. The developers say they are the first and only service to give 100% accurate forex signals.
The system relies on advanced technology developed by a group of 31 experienced traders, continuously developed until it produced 100% accurate results consistently. As the Forex market fluctuates many times a day, This Forex Signals system sends out entry signals (buy or sell) to its members, either by email or by SMS. These trading signals occurs in real time, as the currency fluctuation.
Do You Really Need Forex Ambush?
You may ask a reasonable question: Why do I need to become a member in Forex Ambush service?. And here's the answer: If you are a beginner forex trader, you may have discovered that you are at a great informational disadvantage to the much larger and institutional traders.
These "big dogs" have invested a lot of time and money in order to understand the various features of forex market and their unusual behavior. They have invaluable know-how that makes forex trading very profitable to them.
As beginners, we suffer from the absence of this advantage. However, by using this foreign signals service, we will be at the same level of the big players. This unique forex signals service uses a highly developed intelligence system to replicate the knowledge and skills of professional traders to our interests. That means you will make the profitable trades that the professionals traders makes.
How Forex Ambush Works:
After you join the program, the system will send you real time alerts via email or SMS. These trading alerts tell you exactly what to buy and any relevant details, such as trailing stops.
Forex Ambush 2.0 works with a 5 pip trailing stop and a 20 pip take profit. If the signal falls between 5 pips and 20 pips, Forex Ambush 2.0 gives a trade signal. If it falls outside of this range, Forex Ambush 2.0 advises you not to trade. Forex Ambush does not use hard stop loss technique.
The automated trailing stop and the take profit will close the trade automatically. The system advises you to never close a trade manually - just leave your Forex software running and your computer on and it will take care the rest of the trading process.
Conclusion:If you have suffered - like so many forex traders - from repeatedly losing trades and feel every time you open a trading position that the market always moves against you to stop you out!, then you should seriously give Forex Ambush a try. If it's a scam, then you will not lose any thing - except a few dollars, but if it delivered to you what it promised, then you will find it the best investment you have ever made.
