How to Use an Online Forex Trading Software?

Online forex trading software or platforms are in fact the most dynamic way of operating in forex trading online at present. With the help of web based forex software, a trader can save lot of time by opening up a live forex trading account by engaging himself directly with an online forex broker right from his own home. An online forex trading platform facilitates your forex trade in such a way that you are able to look after it without even the help of forex news and any other tool because a web based forex trading software provides updated forex rates and live forex news coverage to the forex trader so that he can easily make right forex trading decisions.

Before start trading with a web based forex trading software, a trader should find a best web based training platform. There are plenty of things that a trader should consider when selecting a web based forex trading software as every web based forex trading platform can not supply you with your trading needs. If you really want to see what your web based trading platform can do for you, just convert your forex demo account to a new forex account and have the real game.

When trading with web based forex trading software, the forex trend graphs and the forex chart analysis are two most valuable and important indicator that a trader should consider seriously. These graphs and analysis can help you to judge the behavior of forex exchange market. These graphs also provide the granularity of the forex trading information to the forex trader so, it is important for the forex trader to have a day’s view of these graphs and sometimes a month’s view as well.

In forex online, trend forex trading graphs generally show forex currency behavior to the forex trader so that he can effectively plan when to buy or sell a specific currency pair. With the help of trend graphs and technical analysis, a trader can easily figure out when the specific currency is catching up the value or when it is going to lose its value in the forex trade. Automation is probably one of the key features that are introduced by online forex trading software. Almost all forex software offers this important feature without any extra cost. When making use of this important feature, a trader can easily specify forex trading rules for automating your online forex trading.

Post by Ali.

 

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Three Types of Forex Indicators that you Must Know in Forex Trading

Lots of forex investors spend their precious time in looking for a specific telltale signs that give them indication to purchase and trade a specific currency pair. And, their search can give them plenty of fascinating options but most of the times, the results are usually same. The real truth about forex trading is there is no unidirectional way to bring success in forex trade. There are several different types of indicators that can aid young investors to determine the right moment to get the best forex rate.

The three important forex exchange market indicators that are followed by top most forex investors are as follows:

Indicator No1: A Trend Following Tool
Countertrend forex trading approach can help forex traders to make money in forex trade. However, the easiest approach for young traders is to spot out the exact direction of the major forex trading trends and then making good and solid attempts to get maximum profit by trading in the direction of these trends. You can also perform this simple and easy task with the help of trend following tools. Lots of young traders do not understand properly about the importance of trend following tools in forex exchange. That is why; these traders either use them improperly or as a separate forex trading system. Well, the exact function of a forex trading tool is to suggest whether to enter in a currency exchange market by taking a short position or a long position.

Indicator No2: A Trend-Confirmation Tool
Now we know that a trend following tool will help us to predict whether a specific currency pair is going up or down but how will you confirm that this indicator is reliable or not? It is a reality that majority of trend following tools can easily be whipsawed so the most ideal way to have a safe trade is to judge whether the specific trend following indicator is reliable or not. For this purpose, lots of forex traders use trend confirmation tools. A trend confirmation tool may or may not provide you a buying or selling signal but traders can make their trade if both the tools (Trend Confirmation Tool and Trend Following Toll) agree with each other.

Indicator No3: An Overbought/Oversold Tool
Lots of young traders are advised to make their forex trade according to the direction of some major trends but it is important for you to decide whether to jump in forex trading as soon as the solid trend is established or enter in the market at the time of pullback. In simple words, you have to determine whether to make purchases into strength or not if the trends in forex exchange market get bullish. In order to get the clear picture, an experienced forex trader will definitely rely on an Overbought/Oversold tool. This tool can help you to figure out the exact scenario of a forex exchange market.

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International Women’s Day

International Women’s Day (IWD), originally called International Working Women’s Day is marked on the 8th of March every year. It is a major day of global celebration of women. In different regions the focus of the celebrations ranges from general celebration of respect, appreciation and love towards women to a celebration for women’s economic, political and social achievements.

2011 International Women’s Day
Events are scheduled to take place in more than 100 countries around the world on March 8, 2011, to commemorate the 100th anniversary of International Women’s Day. In the United States, President Barack Obama proclaimed March 2011 to be “Women’s History Month”, calling Americans to mark IWD by reflecting on “the extraordinary accomplishments of women” in shaping the country’s history. Secretary of State Hillary Clinton launched the “100 Women Initiative: Empowering Women and Girls through International Exchanges”, on the eve of IWD.

Wiki

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Forex Brokers – How they help you to Earn Money?

Lots of people are enthusiastic about forex trading and there are many who are just curious to enter in this huge market of making money. Forex currency trading market is perhaps the biggest online trading market of the world with approximately 3trillion trade a day. So, if you are thinking to find your career in forex online then it will not be a great surprise for others. There are lots of forex trading tips available on net for the beginners like to use forex trading software, forex robots etc. You will read some interesting and useful information about forex in this short write-up so that you can perform your trading business more easily and more happily.
Don’t trust on those people who think that forex trading is an easy job because this is completely a wrong statement. Approximately more than 95% of forex traders normally lose their forex trading game each day. If you want to start trading in forex with this believe that it is easy to win in online forex trading then it’s better for you to stop thinking about it because forex online is certainly not that easy as you think. The only way to get success in forex online is to have some solid knowledge about online forex trading. You also need to learn about some basic forex trading tools and software that can really assist you to build your forex trading strategies effectively.
It is really critical for you to manage your losses in forex trade with your winning trades. This point is significant for all forex beginners because every beginner will have countless losing days and he or she should accept this loses justifiably. Don’t allow your emotions to control your brain and never believe on those fake forex brokers who offer a system with 100% winning ratio. Remember, not even a reliable and experienced forex broker can provide you a system that gives you hundred percent outputs because forex online is an UN predictable market. You need to use your brain along with reliable forex trading software to make a winning trade.
Lots of young forex traders also ask this question that should they use forex robots. Well, if you want more flexibility and more continuity in your forex trading then you should certainly have forex robot.

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The Importance of Choosing the Right Forex Software to Make a Profitable Forex Trade

Do you think forex exchange software can help you to gain profit in forex trading? Well, there is no doubt in it that forex trading platform and forex software, if used wisely provide you winning forex trading strategies so that you can make profit in online forex trading. These trading software also help young investors to manage their forex and stock trading accounts so that they can earn more benefits from it.

Forex trade which is often referred as futures trading is one of the most advanced form of trading in which a trader can earn money from his home. The beauty of this form of trading is it gives you non stop access of the forex exchange market round the clock.

Lots of people think that forex exchange market is a tough and complicated place for a young forex trader but if you learn thoroughly about it and if you apply your knowledge properly then you will be able to generate some profit in forex online . If you will look at the forex chart for the first time in your life then you will certainly ask some questions to yourself like what these numbers on the chart means and how can you utilize these numbers to determine forex rate in forex exchange? There is definitely so much to learn about forex trading and about forex trading platforms and about demo forex account in order to get huge success in online forex trading therefore, one should not think that trading in forex exchange is a child’s play.

With the help of right forex exchange software, you do not even need the assistance of a forex trading broker. There are plenty of forex trading tools and forex training material available on net so, it is sometimes difficult to decide which forex trading software you should choose that suits to your forex trading requirements. Remember, there are plenty of forex software that are intentionally projected high by various forex brokers but unfortunately most of them are not perfect at all.

The automated forex software which is often known as forex robot can help you to earn money in currency exchange industry even if you do not know it exactly works. These forex software automatically supervise the online forex trading market so that you can able to earn money even if you are not at your system. If you want to take the advantage of these systems, you just have to purchase the right one so that you can set up your own automated online forex trading platform to earn unlimited profit.

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Saint Valentine’s Day

Valentine's Day  Currencies

Saint Valentine’s Day, commonly shortened to Valentine’s Day, is an annual commemoration held on February 14 celebrating love and affection between intimate companions. The day is named after one or more early Christian martyrs, Saint Valentine, and was established by Pope Gelasius I in 496 AD. It was deleted from the Roman calendar of saints in 1969 by Pope Paul VI, but its religious observance is still permitted. It is traditionally a day on which lovers express their love for each other by presenting flowers, offering confectionery, and sending greeting cards (known as “valentines”). The day first became associated with romantic love in the circle of Geoffrey Chaucer in the High Middle Ages, when the tradition of courtly love flourished.

Modern Valentine’s Day symbols include the heart-shaped outline, doves, and the figure of the winged Cupid. Since the 19th century, handwritten valentines have given way to mass-produced greeting cards.

Happy Valentine’s Day 🙂

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Scalping Trading Strategy

Today I will speak about the most interesting and advanced trading strategy – STS (Scalping Trading Strategy). This trading strategy based on using of traditional Forex indicators and their combination. STS is recommended for traders with minimal trading deposit and minimal professional experience, but it successfully can be used for getting significant profit by professional and skilled traders.

Formerly I did not pay enough attention to the usage of scalping strategy in Forex market trading, however, one week of STS using in my trading, concluded it’s performance and good results. During initial trading period – half or one year – trader needs to develop it’s own trading style or trading strategy. It won’t require no special mental abilities, but only observation, perseverance and self-control, and allows traders (especially with a small deposit) not to lose the initial capital. Of course scalping trading strategy is based on trading on short time intervals – 5 and 15 minutes periodicity.

This trading strategy was born on base of usual working in channels and there are no large differences between them, apart from time interval and necessity of permanent monitoring of trading process. Surely, you may automatize all these processes, but not nearly all Dealing Centers allow to do it, because of large pips distance between Take Profit and Stop Loss level (minimum 10 pips). Such situation exclude using of Scalping strategy.

I will organize this article on example of NordFX trading terminal and account.

  1. So, in order to start trading you should download and install trading platform and fund your account. You may get more information about these topics in my previous posts.
  2. Pinpoint your attention upon currency pair that makes “channel” about 40 pips. With less pips amount channel you won’t be able to get noticeable profit. On my 1st picture you may see “channel” imaging by red lines.  One channel consists of three zones from below and from above of the chart. I will name these parts of our channel like zones of support and zones of resistance.
  3. When you see two neighboring peaks on your chart you may depict channel in your chart window, or, after some practice – work without additional drawing construction. Scalping Strategy Metatrader4
  4. Outermost lines you should draw from the end of  bars “shadows”, middle line goes throw outermost points of bar bodies and inner lines should be drawn on the distance 5-10% of  the cannel width from middle lines. All these drawing constructions will help to indicate points of order opening or closing. After this prelude, starts real STS actions. Scalping Strategy Step 2 Metatrader4

When chart touches middle line in point 2, you should wait for chart revers running and in “zone B” open Buy order. After that , wait when chart touch middle line in point 4, wait for rebound and (right away!) in “zone B-B” (supporting zone) close your position with contemporary opening sell position. 

DON’T FORGET TO INDICATE STOP LEWELS, AS IT IS SHOWN AT MY PICTURE 2.

In case your chart won’t reach opposite middle line, just close it by trailing stop. It is very important not to miss a moment. You should always remember that STS needs of your permanent situation monitoring.

This trading strategy allows to wide range of traders (from beginning to professionals) to get considerable profit without using of special indicators or electronic advisers.

You are welcome to amusing and profitable world of Forex trading. I hope my post will help you in this matter. 

 

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