Forex Trading Systems Online

Forex Trading Systems Online - The Price Action Trading Method

This is an article by By Philip Newton. Philip Newton is a professional trader and teaches new and experienced traders the skills needed to trade for a living.

Price Action Trading Method

Swing Highs and Lows

The first thing that we need to recognise is what is a Swing High and Swing Low. This is probably the easiest part of price action and bar counting although the whole process gets easier with practice.

I define a swing high as;
A three bar combination
A bar preceded and succeeded by lower highs


I define a swing low as;
A three bar combination
A bar preceded and succeeded by higher lows


Market Phases
There are only three ways the market can go;

Up
Down
Sideways

With the swing high/low definition now in mind we can start to build some layers on to the chart to identify these market phases and start to do a simple count of these swing highs and lows.

In short:

The market is going up when price is making higher highs and higher lows.
The market is going down when price is making lower highs and lower lows.
The market is going sideways when price is not making higher highs and higher lows OR lower highs lower lows.

This may sound like child's play and a statement of the obvious but you will be surprised at how often people will forget these simple facts. One of the biggest questions I get asked is, which way is the market going? By doing a simple exercise you can see which way that price is going and decide on your trading plan and more importantly timing of a trade.

What do I mean by timing? It may be that you are looking for a shorting opportunity as the overall trend is down but price on your entry time frame is still going up (making HH's & HL's). There is, at this stage, no point in trying to short a rising market until price action start to point down (making LH's & LL's. More on this shortly).

Bias Changes

A Short or Bearish Bias Change occurs when the following sequence develops.
HH>HL>LH>LL>LH The bias change is confirmed when price moves below the las lower low made as highlighted on the chart.


Another way of saying this is 123 reversal and you are trading the pullback as your entry trigger (Red Line).
There are a few variations of this pattern but this is quite simply a price action bias change in its simplest form.

A Long or Bullish Bias Change occurs when the following sequence develops.
LL>LH>HL>HH>HL The bias change is confirmed when price moves above the last higher high made as highlighted on the chart.


Another way of saying this is 123 reversal and you are trading the pullback as your entry trigger (Blue Line).
There are a few variations of this pattern but this is quite simply a price action bias change in its simplest form.

Trending Price Action

After a bias change has been seen and confirmed, one of the phases that the market can then take is to start trending either up or down depending on the bias change previously.

In the chart below we can see what price ideally looks like when price is trending up and trending down. Each phase shows price making HH's & HL's on its way up and LH's & LL's on its way down.



Ranging Price action
Now this is where the chart can become interesting. By using the price action counting of the swing highs and lows we can know at a very early stage IFprice is going to start to develop range bound activity.

Price is not making new highs OR new lows

I don't mean all time highs/lows or new day/week/month highs/lows... just simply a new chart swing high or low. Price will start to stall and not make a new swing high/low and typically will stay contained within the last swing high and low that was made on the chart. Isn't that a simple definition?

Range rule definitions:

Price doesn't make a new high or low on the move.
If price stays contained within the last swing high and swing low to be made, price will remain range bound until it makes news move highs or lows.
Price confirms the range when a lower high and a higher low is made within the previous swing high and low.

In the chart below you can see that from the left side of the chart price is making LH's & LL's all the way to the first blue arrow which in real time would be the latest lowest low. Price then moves higher to make a HH. These two swing levels have been highlighted


At the point of the chart, in real time, price needs to either start moving higher past the last swing high (red Arrow) making a new high OR move lower past the last swing low (blue arrow) making a new low. Until either of those things happens price will most likely remain range bound. In this example that is what happened.

Range considerations
Some considerations for identifying ranges at an early stage in real time are:

That price could be creating a pullback or bias change and as the chart unfolds for you a new high or low could be made voiding the potential range.

There are several definitions of a range one of the more common ones is that you are looking for a double touch of support and resistance. For me this is a little too late in the game as price may not create the double touch as in the example above. With this price action method you can identify the possibility of a range developing VERY early without having to worry IF price does or does not give you the double touch. As you can see with that definition you would interpret that price is not range bound at all but, you can clearly see visually that price is moving sideways without any definition.

What you should have learnt from this short article

A simple rule defined method to identify swing highs and lows
How to use this swing high/low definition to interpret price action market phases
How to identify a bias change
How to identify trending price action
How to identify Range bound price action

Bias Change pattern variation

In the below images we can see the pattern variation and compare them to the outlined pattern above. The only main difference is that you are looking for a breach of a previous swing high or low as the first qualifier to indicate a potential bias change.




Acronyms used
HH - Higher High
HL - Higher Low
LH - Lower High
LL - Lower Low

Forex Trading Systems Online

Forex Trading Systems Online

Forex Trading Systems Online - A GO Forex Report

We came across this excellent commentary for Go Forex by Brian Dolan, Chief Currency Strategist. It makes for a good read.

Oil keeps moving higher, threatening growth, inflation

Oil prices gained nearly 8% this week after a US investment house issued a report suggesting a 'super-spike' might be unfolding that could eventually see prices rise into the $150-200/bbl range. Rebel attacks in Nigeria, which temporarily disrupted crude exports, conveniently served as a nice background accompaniment to the steady grind higher in oil. Interestingly, the surge in oil defied a larger than expected weekly US inventory increase (5.6 mio bbls vs. forecast of 1.6 mio bbls), suggesting that market speculation rather than any demand constraint is actually behind the move. This makes the recent advance generally suspect and there is a lot of talk that the rally is overdone. But there are no imminent signs of a reversal, though momentum studies are overbought and currently showing a bearish divergence, suggesting potential for a reversal lower. While oil prices continue to move higher, global growth is going to be undermined and consumer sentiment will continue to deteriorate.

Rising oil prices have been repeatedly linked to USD weakness in the mainstream financial press, but that relationship appears to have largely broken down in recent weeks. Traders are cautioned against blindly selling USD if oil prices continue to gain. As well, should oil prices begin to decline, it does not necessarily follow that the USD should gain or the EUR decline. (No doubt, should the two events transpire together, oil declines will be portrayed as the result of a stronger USD, and vice versa.) Oil is its own animal and will trade according to its own market dynamic, while other forces are at work in the FX arena.

Rather than focusing on the purported linkage between oil and the USD, traders are likely better off looking at high and rising energy prices as a major drag on global growth and a source of inflation. Higher energy costs will tend to have a disproportionate effect on US growth due to the higher energy intensity of the US compared to other economies. It goes without saying that consumer sentiment has been devastated by higher energy prices, but the real pain has yet to be felt as gasoline pump price increases look to have lagged significantly behind crude price developments. But the US consumer is not alone in feeling the pressure from high energy costs, so we're really talking about a drag on overall global growth. From the growth perspective, then, stock markets appear increasingly fragile after a six-week recovery that is now having a serious look in the mirror and does not like what it sees.

Turning back to FX, downside breaks in global stocks due to deteriorating growth outlooks suggest that JPY-crosses, like EUR/JPY and GBP/JPY, are likely to remain under pressure in the near term. USD/JPY, in particular, flirted with a key support zone on Friday at 102.50/60, just above the Ichimoku cloud, with the top of the cloud as the next support at 102.19. A USD/JPY drop through that 102.19-50 support zone suggests a fresh push lower below 100 USD/JPY in the near future, though the base of the cloud is at 100.35-50 next week.

Higher energy and commodity prices also fuel inflation pressures and these are being acutely felt in Asia in particular, as the region continues to function as a commodity importer/manufactured goods exporter. One way countries can offset such inflationary pressures is to allow their currencies to appreciate more rapidly. China has halted Yuan appreciation over the past month, but if oil prices don't recede soon and with April Chinese CPI to be reported on Monday, the Yuan is likely to resume gains, providing additional pressure for other Asian currencies to appreciate. Japanese officials are also less likely to resist JPY-appreciation given the sharp increase in commodity prices, again suggesting a lower USD/JPY and JPY-crosses.

Eurozone finance ministers meet next week

Eurozone finance ministers will gather on Tuesday evening for a regularly scheduled monthly meeting which will continue on Wednesday. Euro-area officials have generally welcomed the pullback of the EUR, but they clearly desire a more substantial EUR adjustment lower. I expect there will be some verbal intervention to that effect and I expect the EUR's upside to remain limited as a result. I'm focused on the 1.5550-90 area as the likely extent of EUR/USD gains; strength beyond suggests another try at 1.6000. This past week, EUR/USD made a false break to the downside, briefly dropping to 1.5285, but then rebounding and closing above key support between 1.5300-40. Such a false break does increase the prospects for a further upside recovery in EUR/USD, and I prefer to use such strength as an opportunity to sell. Higher energy prices are also affecting European growth outlooks and the market is still in the process of marking down EUR and GBP in this light. Finally, several major Eurozone banks will be reporting 1Q earnings next week, and additional losses are likely, further souring the mood on the Continent. 1.5270/80 now looks to be the key downside trigger in EUR/USD, suggesting a test of the Ichimoku cloud base at 1.5170/80, below which sees sharper losses to the 1.48-49 area.

Risk aversion comes back with a bang

It started a week ago with a major US bank waffling on whether it would complete its buyout of the largest US mortgage lender and continued this week with a nearly $8 bio loss by a major US insurer. Credit market concerns and housing-related write downs are continuing and the only thing we can be sure of is that we can't be sure of anything. News that the SEC will require investment banks to make greater public disclosure of capital and liquidity positions generated a horrific reaction in the markets. It was as if investors who were willfully ignoring the prospects of deeper losses suddenly realized they couldn't breathe with their heads in the sand any longer. And on Friday, Moody's was reporting that another major US mortgage lender might be shut off from funding by its foster-parents, leaving another smoldering wreck on the sub-prime highway.

This is not an environment conducive to investors bringing in money from the sidelines, but rather for the opposite. Risk aversion has come back yet again. Markets finally seem to be coming around to the view that even if the financial sector crisis is nearly over, which it probably isn't, we still have a crumbling consumer-led economy that is going to be with us much longer. Higher energy prices are the icing on the cake, hastening a sharper contraction in personal consumption and threatening a much hoped-for recovery in 2H 2008. Heightened risk aversion will be another factor adding to pressure on the JPY-crosses in particular and stock markets more generally. I look to re-sell rebounds in JPY-crosses, using 160.50-161.50 in EUR/JPY and 202.00-203.00 in GBP/JPY as the preferred sell zones.

Key data and events to watch next week

US data next week begins on Tuesday with April advance retail sales, May IBD/TIPP Economic Optimism, March business inventories, and April import prices, followed by weekly ABC consumer sentiment at the 5 pm close. Wednesday sees weekly mortgage applications and April CPI. Thursday sees weekly jobless claims, May Empire manufacturing index, March TIC data, April industrial production, May Philadelphia Fed index and the May NAHB housing market index. Friday sees April housing starts and building permits and preliminary May Univ. of Michigan consumer sentiment. There are multiple Fed speakers next week, but only a few are addressing the economic outlook: Evans (non-voter) on Monday; on Tuesday, Fed Chair Bernanke on liquidity measures, then Yellen (non-voter), Hoenig (non-voter) and Fisher (hawkish voter).

Eurozone data does not see any major releases until Wednesday with April French and Italian CPI and March Eurozone industrial production. Thursday sees advance 1Q German and French GDP and April Eurozone CPI. Friday sees the March Eurozone trade balance and 1Q French employment. Eurozone finance ministers will be meeting beginning Tuesday evening and continuing on Wednesday. ECB Pres. Trichet will speak on Thursday morning in Vienna.

UK data begins on Monday, we see April PPI and March trade balance, followed at midnight local-UK time by the April BRC retail sales monitor and the April RICS house price balance. Tuesday morning proper sees April CPI/RPI and March DCLG UK house prices. Wednesday morning sees April employment and March average earnings, but the key will be the quarterly BOE inflation report, which will be viewed for what it suggests for the timing of the next BOE rate cut.

Japanese data begins on Monday morning Tokyo-time with April money supply and bank lending data, followed in the afternoon by the April Economy Watchers survey and April machine tool orders. There is no data of note on Tuesday. Wednesday morning sees April domestic corporate goods prices, March current account balance, and March Machine Orders. No major data on Thursday. Friday finishes up with preliminary 1Q GDP, final March industrial production and April consumer confidence.

Forex Trading Systems Online

Forex Trading Systems Online

Forex Trading Systems Online - Forex News Trading Strategies

For anyone interested in News Trading, this a great report I have come across, enjoy!

In this lesson, I will talk about the different ways how you can trade forex during key economic news events.

Most common used news strategies:

Trading the Numbers
Straddle the News
Hedging the News
Trading the Numbers

Traders want to take advantage of the discrepancy between the forecasted and the actual key economic number when trading the numbers. As mentioned before, you need a very fast news data feed such as Reuters or Bloomberg because you want to get in the trade before the spike begins.

Steps to trade the numbers:

Purchase a fast news datafeed at Reuters or Bloomberg
Track the news consensus and determine the significance of the economic news report being released, if it is not important, do not trade it. You will be able to find all important data on a good data calendar
For each important news release you need to know how large a discrepancy has to be in order for you to act on the trade.
Finally, watch the news release using your fast datafeed and trade the numbers.

Example:

UK CPI News Release

"There are three different numbers. There is the month over month CPI, there is the year over year CPI, and there is the core CPI.

The most important number that most traders and economists will be focusing on is the CPI headline year over year number, which is expected at around 2.8%, same as it was last month.

If for some reason the number comes out at 3.1% or higher, it would set a new high in many years, and a possibility of a rate hike out of UK will probably be considered imminent, so GBP/USD may possibly go up by 80 pips or more in the first hour of the report.

If the CPI reads at 2.4% or lower, it would be a huge drop, and most would probably assume that the Bank of England will have to think twice before hiking the rate anytime soon, so GBP/USD may possibly go down by 80 pips or more in the first hour."

Possible scenarios:

If the consensus and the actual number is inline with the market expectations, you would not trade.
If the actual number is at 3.1% or higher, you would go long.
If the actual number is at 2.4% or lower, you would go short.

Below picture shows what happened that day. The number came out much better than expected and the GBP/USD spiked up.



GBP/USD CPI news release spike

Things to consider when interested in "Trading the Numbers":

You have only 0.5 - 2 seconds in which to act before the spike begins. Not fast enough? No money for you.
You really need to know how to read and interpret the numbers. Wrong interpretation will cost you money!
A fast news service is very expensive and is not recommended when you trade a small account because it's very unlikely to cover your data feed expenses.
Straddle the News

This strategy is very simple and consists of 2 orders, one to buy a few pips above the range high and one to sell a few pips below the range low, then wait for the price to breakout triggering one of your orders. Your stop loss order should be placed a few pips below the range low when buying, conversely, a stop loss order should be placed a few pips above the range high when selling.

An example: (See picture below):

Range high: 1.9938
Range low: 1.9919

Place an order to buy at 1.9941 with a stop loss order at 1.9917. Take profit at 1.9991.
Place an order to sell at 1.9916 with a stop loss order at 1.9940. Take profit at 1.9866.

That's it!



GBP/USD CPI news straddle strategy

Things to consider when interested in "Straddle the News" forex strategy:

False breakouts or whipsaws can occur, especially when the release came close or in line with market expectations and traders fade the breakout (i.e place trades in the direction opposite to the initial price movement). Worst case scenario, both stop losses get hit. Although the strategy relies on "true" breakouts it can still work during a false breakout if you take the profits quickly and don't get greedy plus you put very tight stops below or above the range to minimize the risk.
During key news releases, spreads can widen up and both buy and sell orders can be triggered at the same time. You will end up losing.
Slippage - During major fundamental announcements, both stop loss and limit orders may not be guaranteed to be filled at your price. 'Slippage' is the cost involved when currency traders enter the market at a price worse than the level they wanted to get into.
For example, a trader wants to sell GBP/USD at 1.9000 but the order is executed at 1.8999 rate. That 1 pip difference is slippage cost.

Hedging the News

What is hedging? Hedging enables a currency trader to simultaneously hold Buy and Sell positions in the same currency pair at the same time in one trading account.

Hedging News Strategy:

To hedge, go both long and short at market price 30 min before the news release.
Add a protective stop loss order to both long and short positions 30 seconds before the news release.
Add a limit order to both long and short positions 30 seconds before the news release. Now wait...

Possible scenarios after the news release:

Whipsaw or false breakout - both stop losses can get hit.
No movement - nothing will happen to your open positions.
Price breaks out - one of your stop loss orders will get hit and hopefully, you will reach your target level on the remaining open position.

Economic Indicators Explained

Balance of Payments:

The balance of payments is separated into two main accounts: the current account and the capital account. It's a complete summary of a nation’s economic transactions and the rest of the world including merchandise, services, financial assets and tourism.

Beige Book Fed Survey:

The Beige Book, is published eight times a year by the Federal Reserve Bank. It highlights the activity information by District and sector. The survey normally covers a period of about 4-weeks in duration.

Business Inventories and Sales:

Inventories are an important component of the GDP report. Business inventories and sales figures consist of data from other reports such as durable goods orders, factory orders, retail sales, and sales data.

Construction Spending:

Spending Measures the value of construction during the course of a particular month.

Consumer Price Spending (CPI):

CPI measures the change in prices at the consumer level for a fixed basket of goods and services paid for by a typical consumer. Items included in the CPI reflect all goods and services that people buy for day-to-day living.

Current Account:

The current account is the sum of net income from trade in goods and services, net factor income, and net unilateral transfers from abroad. It's a statement of the country's trade with other nations over a period of time.

Durable Goods Orders:

Durable Goods include large ticket items such as capital goods, transportation and defence orders. They are extremely important because they anticipate changes in production and thus, signal turns in the economic cycle.

Employment Report:

In the US, the employment report is regarded as the most important among all economic indicators. The Employment Report contains 3 components: Payroll Employment: Measures the change in number of workers in a given month.

Unemployment Rate:

The percentage of the civilian labor force actively looking for employment but unable to find jobs. Average Hourly Earnings Growth: The growth rate between one month’s average hourly rate and another.

Factory Orders:

The factory orders report contains data on orders and shipments of non durable goods, manufacturing inventories, and the inventory/sales ratio.

FOMC Decision:

The FOMC holds eight regularly scheduled meetings per year. If the FOMC wants to increase economic growth, it will reduce the target fed funds rate. Conversely, if it wants to slow down the economy, it will increase the target rate with a rate hike.

Gross Domestic Product (GDP):

There are four major components of the GDP are: consumption, investment, government purchases, and net exports. GDP measures the market value of goods and services produced in a country.

Housing Starts/Building Permits Starts:

Are divided into single-family and multi-family categories. In both cases, a housing unit is considered “started” when excavation actually begins.

IFO:

Germany’s leading survey of business conditions. The index surveys over 7,000 enterprises on their assessment of the current business situation and their resulting plans for the short-term.

Industrial Production and Capacity Utilization:

Industrial production measures the monthly percentage change in volume of output of the nation’s factories, mines, and utilities. Capacity utilization measures the extent to which the capital stock is employed in production.

National Association of Purchasing Managers (NAPM):

This is leading survey on US manufacturing activity, arranged by the National Association of Purchasing Management (NAPM).

New Home Sales:

Monthly data new home sales data contains information on home prices, and number of houses for sale.

Non Farm Payroll (NFP):

NFP represents all business employees excluding general government employees, private household employees, and employees of nonprofit organizations, accounting for about 80% of the workers who contribute to GDP. NFP is released every first friday of the month and can cause big gaps on the forex market.

Personal Income:

Personal Spending, also known as PCE, represents the change in the market value of all goods and services purchased by individuals. It is the GDP's largest component.

Producer Price Index (PPI):

PPI measures the monthly change in wholesale prices and is broken down by commodity, industry and stage of production.

Purchasing Managers' Index (PMI):

PMI is widely used by industrialized economies to assess business confidence. Germany, Japan and the UK use PMI surveys for both manufacturing and services industries.

Retail Sales:

Retail sales is the first real indication of the strength of consumer expenditure .Measures the percentage monthly change in total receipts of retail stores, and includes both durable and non-durable goods.

TICS:

The Treasury International Capital (TIC) Report measures foreign demand for US debt and assets. Strong demand tends to strengthen the dollar as foreigners convert their money in order to purchase US securities.

Tankan Survey:

Japan’s chief business survey, compiled quarterly by the Bank of Japan. The survey consists of two major parts; the "judgment survey," asking businesses about their situation in the previous, current and following quarters on macro-economic variables, business conditions, inventory levels, capacity utilization levels and employment level. The other main part is related to "current management issues" confronting companies.

Trade Balance:

The difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than your imports; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The Trade Balance also has a sizable impact on GDP.

US Economic Numbers to Keep an EYE On

The rankings for US economic data as seen in below table are based on an analysis of 20-minute and daily ranges. As seen in below table for example, the Non-farm Payroll release days can cause a big shake up in the forex market. They have the potential to move the EUR/USD (on average) 123 pips in 20 min and 193 pips in a day on average.

Biggest FX market "shakers" table

Year 2004 - 20 min after news

Non-Farm Payrolls Avg. Range (pips)123
FOMC Decision Avg. Range (pips)74
Trade Balance Avg. Range (pips)64
Inflation - CPI Avg. Range (pips)44
Retail Sales Avg. Range (pips)43
GDP Avg. Range (pips)43
Current Account Avg. Range (pips)43
Durable Goods Avg. Range (pips)39
TICS Avg. Range (pips)33

Year 2004 - Total
Daily Range

Non-Farm Payrolls Avg. Range(pips)193
FOMC Decision Avg. Range (pips)140
TICS Avg. Range (pips)132
Trade Balance Avg. Range (pips)129
Current Account Avg. Range (pips)127
Durable Goods Avg. Range (pips)126
Retail Sales Avg. Range (pips)125
Inflation - CPI Avg. Range (pips)23
GDP Avg. Range (pips)110

1. Non Farm Payroll (NFP):

NFP represents all business employees excluding general government employees, private household employees, and employees of nonprofit organizations, accounting for about 80% of the workers who contribute to GDP. NFP is released every first friday of the month and can cause big gaps on the forex market.



NFP Release Schedule: First Friday of the month at 8:30am EST

2. FOMC Decision

The FOMC holds eight regularly scheduled meetings per year. If the FOMC wants to increase economic growth, it will reduce the target fed funds rate. Conversely, if it wants to slow down the economy, it will increase the target rate with a rate hike.

3. Trade Balance:

The difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than your imports; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The Trade Balance also has a sizable impact on GDP.

4. Consumer Price Spending (CPI):

CPI measures the change in prices at the consumer level for a fixed basket of goods and services paid for by a typical consumer. Items included in the CPI reflect all goods and services that people buy for day-to-day living.

5. Retail Sales:

Retail sales is the first real indication of the strength of consumer expenditure .Measures the percentage monthly change in total receipts of retail stores, and includes both durable and non-durable goods.

6. Gross Domestic Product (GDP):

There are four major components of the GDP are: consumption, investment, government purchases, and net exports. GDP measures the market value of goods and services produced in a country.

7. Current Account

The current account is the sum of net income from trade in goods and services, net factor income, and net unilateral transfers from abroad. It's a statement of the country's trade with other nations over a period of time.

8. Durable Goods Orders:

Durable Goods include large ticket items such as capital goods, transportation and defence orders. They are extremely important because they anticipate changes in production and thus, signal turns in the economic cycle.

9. TICS

The Treasury International Capital (TIC) Report measures foreign demand for US debt and assets. Strong demand tends to strengthen the dollar as foreigners convert their money in order to purchase US securities.

Artilce by Lilly De Clerck and aboutcurrency.com

Information, charts or examples contained in this lesson are for illustration and educational purposes only. It should not be considered as advice or a recommendation to buy or sell any security or financial instrument. We do not and cannot offer investment advice. For further information please read our disclaimer.

Forex Trading Systems Online

Forex Trading Systems Online - Making The Grade

Trading Forex, like any other market, is about applying a system with consistency and discipline, and then the system will usually perform well in the long run. With one of the best forex trading systems online, you have all of the tools you need to achieve your goals. There are many other systems out there, some good, many bad. This one works...bar-none.

Forex Trading Systems Online

Forex Trading Systems Online

Forex Trading Systems Online - Did You Know...

For those of you who did not know, the forex market is the largest market in the world. Over 3 trillion dollars are exchanged every day... as compared to 30 billion for the New York Stock Exchange and NASDAQ combined. So why not have a look at one of the best forex trading systems online and take part in the most exiting and profitable market in existence. You can trade 24 hours a day five days a week or you can leverge yourself up to 200 to 1 and this market is recession proof. With the right system and the right education to back it up, you really can change your financial future.

Forex Trading Systems Online

Forex Trading Systems Online

Forex Trading Systems Online

For those of you who are new to the many Forex trading systems online, or those who have been around for a while, we have a Forex trading system for you. There has never been a better time to trade the currency markets. Why? Because this market is recession proof. There will always be a need for forex as long as countries are involved in trades with one another, it is that simple. So have a look at one of the best Forex trading systems online and take part in the biggest market in the world.

Forex Trading Systems Online

Forex Trading Systems Online

Forex Trading Systems Online - The Three Main Ingredients

The most difficult thing that a Forex trader faces is consistency. How do the professional traders do it every month year after year? There are three main ingredients:
1.Proper money manegement/risk assesment.
2.Sticking to your system, and not trying to re-invent.
3.POSITIVE mindset.
Those three elements, combined with one of the most consistent Forex trading systems online that we are offering you here, are the keys to your success. Happy trading!

Forex Trading Systems Online