Forex Digg---Free Forex eBook, Forex MT4 Indicators, Forex Software---

Layout: OK also. Get less good, but still ok for the computer and read through in print.
Body Language: It’s easy to understand. Quite friendly

Materials:
- Consists of 10 books and 1 Fibonacci Calculator
- One of the bonus ebook only discusses the Candlestick. Yah lumayan, although not complete. graph at least candlesticknya clear.
- One bonus ebooknya discusses trendline and chart pattern. I copied from the main ebooknya.
- Main ebook discuss technical analysis: pattern chart, Candlestick, and some indicators.
- A fundamental analysis of a few, but not too useful for trading. Eg he is the love of a GDP that is one of fundamental mouthful. Anything but the only definition alone, does not effect what I love to forex, I have a number segitu what this means, buy or sell, he ga tau tuh love. Does not become quite useful.
- Trading psychology covered only 3 / 4 page. Yah lumayan than have ga.
- Do not discuss money management.
- It’s a trading system, to focus on Fibonacci. But I do, it’s not a trading system. Yah I read fibonacci aja.

Bottom line: Personally, I am quite disappointed bacanya: (This package is only likely to “just another forex ebook,” ga do something special. Blom you may make about the Fibonacci ngerti be read. Or do not read a technical analysis you can read a bit brief this book. Body language quite friendly. But a senior perch, this package is less useful.
Read the rest of this entry »

The main objective of a swing trader is to profit from swings in price movement over the course of several days. While we might trade every day, we are not day traders. As swing traders, we have the patience to wait until our profit goals have been reached. Fortunately, the wait is not too long. A typical trade is only in play from a few days to a few weeks. When a trade is closed, the funds go into the next trade.

Money management is very important in swing trading. I divide my trading capital by 15. This is the amount that I put into each trade. As the total account grows, the amount of each trade grows. If you can handle a larger number of trades, you might increase the number of trades that are active to 20. Of course you can also start with 2 or 3 trades at a time. Each day I identify 20 to 25 candidates for swing trading. If I have 10 trades active and enough additional investment capital for 5 more trades, I pick the best 10 from my list of 25, and place the orders. Only some of orders will get filled. I don’t worry about running out of money – if there is no cash left in the account, additional orders will simply not get filled. (Make sure that your own account works this way, otherwise, your brokerage firm might fill the order and expect additional funds within the next few days.)
Read the rest of this entry »

Setup:

* Open up a daily chart on EUR/JPY.
* Apply Bill Willam’s Accelerator Oscillator (AC).
* Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to.
* Try and use demo MT4 from ODL securities. Every broker has different time when they start a new daily candle.
* ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker.

Short Entry: RED AC below 0 and Stot below 0
Long Entry: Green AC above 0 and Stot above 0
Exit: OppsiteBuy/Sell signal or as per Money Management.
Filter: Apply 200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades.

Money Management:

* Trade with 5 Lots with Stop Loss 100 pips away
* Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
* Take Profit on 2nd Lot at 100 pips.
* Take Profit on 3rd Lot at 150 pips.
* Take Profit on 4th Lot at 200 pips.
* Let the 5th Lot run until you see an opposite entry signal.
Read the rest of this entry »

Many traders aspire to be successful traders, but few succeed. An amateur trader looks at the Trading platform, makes a trade and loses, makes another trade and loses more. Traders lose because the game is hard and they trade with emotions, lacking a purpose and discipline. If any of these relates to you, I write the book for you, for I too was in this position once!

Many traders keep making impulsive trades; they do not have any trading plans or a system, and no money management rules. To put it simply, an amateur trader will cut short his profits, and let the losses run. Professional Traders accept the importance of psychology, yet the novice traders ignore it. You have to practice sound money management and you should watch your capital. In my opinion the markets only exist because losers bring money into the market, which is necessary for the Industry.

This book is unique in that it takes you the trader, to devise your own trading philosophy, build your own methodology,-; a trading system which is your own, and not fed to you by the currently “hot” guru-., It guides you to develop your own trading plan.
Read the rest of this entry »