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

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 »

The strategy taught in this program can be used to day-trade any of the
currencies. It can also be used on any time-frame from 5, 15, 30, 60 minute
to 4 hour bars. You can also use it on tick charts.
NOTE: Even though it will work on the faster time frames like 5 and 15
minute charts, I would recommend using the 30, 60, 90 or 120 minute charts.
Despite the fact that the currencies are known to trend, on an intraday basis
they have a lot of “noise” and choppiness. This can cause over trading and
get you stopped out more.
To start you will need to set your charts up as follows in the diagram below.

The program uses an ultra-simple and yet highly profitable setup. The top
part of the chart uses “Candlestick Bars” and the lower part has a “MACD”
Indicator. The MACD has the following settings: (12, 26, 9)
THAT’S IT!!! Nothing more is needed.
Read the rest of this entry »