Hi guys, today I wanna show to all of you about one of forex indicator that can make profit, Parabolic SAR. Straight to the point, technically Parabolic SAR is stand for Stop And Reverse. Parabolic SAR come from a guy with the name J. Welles Wilder (I never meet him) to identify price of market trend. FYI, Parabolic SAR can be used for the purpose of trailing stop loss base on market price which in the parabolic curve when the trend changing.
Generally, parabolic’s trend can be predictable. For example, when a parabolic under the selling value the trend is bullish. Instead of the parabolic at the top of selling value so the trend is obviously bearish.
Hey!!!What are you talking about huh??hehe
Ok2..I don’t want to disjointed anymore..lol
Here the Setting Continue Reading »
Mini / Micro / Lite Forex Account
Work upon mini-forex intends to go on contracts lower than USD 100 000. Mini-forex flings an opportunity to get the avails like to those that traders who that work on a lot of thousands bucks deposits received, but only need to depositing USD 100. This is also called laverage. As trading with mini-forex a trader simply makes lower than 1.0 lot deals. There are many broker available now. They also can offer the mini-forex account for the small trader.
Forex is an interbank marketplace with the minimum dealing sized of about a million. An analytic question comes – How dealings of USD 10,000 size, made up on miniforex, get into the interbank market? Broker is customers’ counterparty for such that dealings and transactions. If a broker has many clients who trading with mini-forex they can Carry-over a jointed customer position to Forex. If a company studies and workings for a long time and has thousands of customers either in Forex or mini-forex, then as a rule the jointed customer position is reassigned to Forex and a broker Is not interested in his customers to turn a loss. Each customers transaction (not refer to actual financial issue) conveys 1 to 2 pips to broker. The more productive a client is, the more transactions they will bring in and the more earnings a broker will get. In my point of view, working on or trading on mini-forex account in large companies does not dissent by work on Forex.
Forex Trend is a universal guidance of the price.
On that point are 3 cases of forex trends:
Uptrend (or bullish). Prices arise.
Downtrend (or bearish). Prices fall.
Flat or Range.
Although whatever forex price trend can’t be linear. Some forex trend lies of the
periods as the price moves in the direction of the main trend (dynamic
movement) and periods of retracement (Correction). The forex market draws in the
wave style. As the resolution top side and bottomlands form on the forex price graphs.
Forex Support/Resistance Levels
Considering the graphs you are able to acknowledge that top side and bottomlands of the forex market could be. About on the equivalent sloped (sometimes horizontal) line. Such that lines are called forex
support / resistance levels.
Forex Resistance:
Lines are drawn in between the significant uppermost points. The many more tops Continue Reading »
There are several things that influence in forex currency price movement.
Forex - USD
- Price of gold. USD up Gold down and vice versa.
- USD follow the USD Index.
- Bond and share market
- US economy depends to oil import.
Forex - CAD
- Canada is a 5th gold producer and 14th oil producer. So change of gold and oil price will influence the CAD value.
- CAD is direct proportional with commodity (gold and oil). Commodity up, CAD up and vice versa.
- Canada economy is very sensitive with US economy. US down, it will give the bad effect to Canada economy because company in US will reduce the import activity from Canada.
Forex - EUR
- European Union (EU) consist of 15 countries i.e. Austria, Denmark, France, Belgium, Finland, Greece, German, Italy, Ireland, The Netherlands, Spain, Luxembourg, Portugal, Sweden and United Kingdom. Many of them use Euro as their currency.
- The most important economic news is from German, Italy and France.
- Movement of EUR/USD is very important to indicate the strong/weak EUR and USD currency.
Forex - GBP
- GBP is direct proportional with price of energy.
- Many EU country import oil from UK.
- Increasing in oil price will make UK strong in energy export sector.
- Strength/weak of GBP can be seen by EUR/USD. The movement of EUR/USD will effect the GBP/USD movement.
Forex - JPY
- Bank of Japan (BoJ) will try to make Yen weak because the strength of Yen will give a bad effect to export sector in Japan (the price of product will increase).
- Japan is depends on oil import. The highest price of oil will avoid economy production in Japan due to increasing in input and raw material price.
- EUR/JPY movement will influence or be influenced by USD/JPY. GBP/JPY and AUD/JPY also can effect to EUR/JPY and USD/JPY.
Forex - CHF
- Switzerland is forth bigger gold holder in the world.
- The strong gold price, the strong CHF
Forex - AUD
- Australia is third bigger gold producer in the world.
- The increasing in gold price will increase AUD price.
Forex - NZD
- NZD is direct proportional with AUD.
- If commodity price (gold) strong, CHF will strong and also make NZD strong.
Lately, I have received quite many respond about forex spread trading. Previously, I just write about the forex spread trading and I didn’t expect that many people is looking for this method.:) Then, for this week I have decide to leave my own trading method testing and open a demo account and show to all of you about my result on forex spread trading. Please believe this result..hehe.
First of all, please take a look at the picture below. The picture show that I am opening a new forex demo account with 5000 deposited.
Then I open 2 different position on 5 May 2008, 12.52 server time, buy and sell simultaneously. I open both position with the maximum size i.e. 900K (sound like crazy huh). Yes I am crazy open the position with the maximum lot. As you can see now both position have negative profit. Then I leave the position alone and close the MT4 trading platform and go to sleep. ZzzZzZzZzz…
Owh tomorrow already, I open back my MT4 trading platform. Wow.. Continue Reading »
Hurm…I have a really bad luck. That is about my Forex Trading method. As I write before, I have open the demo account in crown forex. But you know what, I forgot to take the screen shot about the profit that I made when I use my forex trading method. Really bad.. My demo account in crown forex is now invalid.
But I think the invalid Account status in the MT4 trading platform is due to I am not use the real name and information when register the demo account so that Crown forex terminate my demo account..:(
I am now reopen another demo account to run test my forex trading method again. I really want to show to all of you that I have make profit until 15000++ in that crown forex demo account. But I am really sorry because forgot to take the screen shot of my profit..What can I say..let me restart my trading method again..
Hye there, how you all ever heard about spread trading in forex? Yeah, forex spread trading is one of forex daily trading method which can earn 25 to 40 pips for each spread position without using stop loss or limiting order. This method can be implemented between two high correlated currency pair simultaneously. Do you want to know about this method that all folks out there said that this method can be your money machine?
Now forex trader!!Get..Set..Go..
Now, what you have to do is open 2 different forex account (its up to you either you want to use demo forex or real forex account). Now, remove all forex pair symbol except GBP/USD and EUR/USD because we will concentrate on only this two type of pairs. The reason is this two type of forex pair is more correlate than other pairs of currency. You can also try other forex pairs that you like but I don’t want. 
Then, go to your first account let call it account 1 and enter BUY on GBP/USD and SELL on EUR/USD at the Continue Reading »
At the end of March, I have found the new forex trading method:) For sure I have opened the forex demo account at CrownForex to “test drive” my new forex trading method. I have create some rules and make myself follow all the rules that I have created. I have try my best to not break the rules. But certainly, I can not wait for the signal and open the position. As a consequence i’ve lost -120 (see the picture below). Hehe:D Continue Reading »
Weighted Moving Average (WMA) forex indicator is an average value times with weighted factors that different to data points. In term of analysis technical WMA have their special intention which the weighted experienced an arithmetic contraction. At any n-th day, the latest n-weight and the value of n2-weight is n-1 until its reached zero value.
Simple calculation can be described here:
Totaltoday = Totalyesterday + p1 ? pn + 1
Numeratortoday = Numeratoryesterday + np1 ? Totalyesterday
Recommended Setting Continue Reading »
Before I began my post, let me ask you a question. Have you ever visit forex trading forum? Usually, the most often opening thread was “What forex indicators”, “Which forex indicator” and something like that. Also another thread that complaint about indicators that does not work for them anymore.
Have all of you ever see someone come in front and explained to all forex trader what indicators are really for and how to use them. You see just about any of the indicators commonly available can be used profitably. It’s just a matter of understanding what indicators are really for. Continue Reading »
