TRADE FOREX PROFITABLY
will
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Posts by will
ECB == Easy Money
Feb 21st
The ECB funneled banks nearly half a trillion euros in cash at the first operation on December 21 and another 492 billion euros next week.
At a cool 1% interest, who wouldn’t borrow a few billion?
ECB officials hope Banks could use the second Hand-Out more aggressively to buy higher-yielding bonds, especially from Italy. Italy needs to sell around 45 billion euros of its bonds a month in both March and April 2012 to keep afloat.
Banks purchase the Debt from these soared countries for solely the high-yield return. And, since the money is borrowed anyways at a super low interest ( More >
iDRAW 1.5 Released: Limit Orders for Support/Resistance
Feb 21st
Difference Between iDRAW 1.4 and iDRAW 1.5?
- 1.5 is designed for a Bounce Off the Trendline, while 1.4 is for break through the trendline
- 1.5 can place a pending Limit order for support and resistance trading, while 1.4 placed a pending Stop order for a Break of support and resistance
- 1.5 can use a Support TL for the Take Profit of a Sell order and a Resistance TL for the Take Profit of a Buy Order, while 1.4 uses these lines as a trailing Stoploss
1.) Draw your Trendlines 2.) Replace the trend line object name with buylimit1 or selllimit1
3.) More >
Treasury Bond Yields are UP
Feb 8th
Click here for latest Yield Bernanke testified not even 24 hours ago and US Dollars are being dumped out of helicopters again. This isn’t QE3, well as of today its not, but the dollars being dumped are our own! The US treasuries yield rates are up across the board on 2yr -30yr bills showing the willingness to pay a higher yield ( return on investment) if investors ( mostly foreign countries) continue to pick up the tab of the US government. Unfortunately revenue to pay back this higher yield is translated into higher taxes. Americans are paying the bill(interest on More >
Another Grid Strategy Fails
Feb 8th
–> I can finally take this one off my myfxbook watch list. Gridmeup has been running for quite a long time but sure enough it only took a trend continuation to take a years worth of gains and put it down the drain.
Gridmeup – It did work on GBPUSDConsolidation is all it takes for traders to believe that grid trading is a decent idea. However, without the proper protocols aligned with risk management, its only a strategy that works as well as the market conditions.
Changing Market ConditionsIf the market conditions change the strategy no longer has the optimal More >
ECN Vs MM: An Easy Visual Comparison
Feb 7th
Where does your broker limit you?
Spread Matters – StopLevel Matters – Pips Matter
What is Spread?The difference in Bid and Ask price. It is the upfront Cost to enter your position into the free market + commission ( Fees associated with trading at an ECN Broker ).
What is Broker’s StopLevel?This distance in pips that your Stop/Limit Orders must be away from current market price. The idea behind this limitation is to prevent you from locking in a Free trade by moving your stoploss to BE+1 after your trade moves into profit more than 1 Pip. Most brokers require More >
Copy Me: FXjunction
Feb 1st
I haven’t looked into all the details, but it looks like another Open Book Copier like Etoro.
Fxjuntion adds widgets so now we can flaunt our verified gains online. Their widgets are nice looking. My widgets are recently hooked up to my automated signal service from Forex i007 EA
Vladimir Forex Signals Review
Feb 1st
Short and sweet. The average ClickBank Affiliate Rebill are 1%. That means only 1% of their clients stay for a second month. Click Bank statistics are based on the overall success of their signal service and not an opinion from an affiliate. Therefore I’d say that a 1% renewal clearly shows that these signals are worth a penny. Stay clear of – http://www.vladimirforexsignals.com
So you want to be a successful day trader? Part1
Jan 29th
Lifestyle
The life of a day trader doesn’t start out with hot women and fast cars, even though many want to believe this. If this is what you want then let this be your ambition to succeed. If you want to reap the benefits of being a successful day trader you need to realize it’s not going to happen overnight or within the first few years. Just like any business, you’ll need to put the majority of your time, energy and money into this venue. So before we get into the real life scenarios and the sacrifices that you’ll need More >
Technical Analysis vs. Buy and Hold: What yields more?
Jan 28th
Either Way, Timing More >Regarding the role of the technical analysis in trading, before 1980s most researchers criticised it and concluded that is not able to produce as good results as the buy-hold strategy (Alexander, 1961; Jensen and Bennington, 1970; Fama, 1970). However, later studies have proven the opposite (Pruitt and White 1988, Bessembinder and Chan 1995). Trading rules/systems (using technical indicators) based on past data could create excess returns and prove that usefulness of technical analysis. Such conclusions had Brock, Lakonishok and Lebaron (1992), later Bessembinder and Chan (1995, 1998), Lo, Mamaysky and Wang (2000) and many others — Nikitas Goumatianos
ForexSignalAvatar: Blown Account
Jan 27th
On December 18, 2011, I wrote an article about ForexAvatar and How this account manager could possibly be a good investment based on the statistics below. I also mentioned my concern as there were signs of Martingale and sure enough 1 month later, the account blew.
Why is this a good investment?
- Steady growth for 3 months
- 16% Maximum Draw-down
- No floating loss
- Over $150k invested
- Diversified Portfolio: Currencies and Metals
- Almost 800 trades within 3 months: Active Intraday Trader
- Best Pip gain = 333 pips = $2978 gain / Worst Pip Gain = 338 pips = $5348 loss
- Average holding time: about More >
ECNFOREXROBOT.com SCAM
Jan 24th
I joined REGNOW as an affiliate after Plimus and CLickBank kicked Forex Vendors to the curb, so now I’m on a daily mailing list of all the new products. Our Topic today is no other then the Magic Robot. Their latest Domain is ECNFOREXROBOT. It’s an arbitrage robot that continues to fool the newbie. So before you make that $2000 payment , please read my other articles pertaining this scam. – ScalpingRobot.com
