July 29, 2014

Powerful New Secret Profit Levels Indicator

If you had a way of knowing where the big money was sitting, ie where the banks, hedge funds and financial institutions were putting their money, you could potentially make a lot of money because these are the people that really drive the currency markets.

Well the good news is that a powerful new indicator has been developed that apparently does just that.

It's called the Secret Profit Levels indicator, and it can supposedly tell you where these hidden levels of liquidity are located on the charts so that you can potentially profit from them yourself.

I have to admit that I haven't yet seen this indicator in action, so I don't know how effective it is in reality.

However if you would like to check it out for yourself, there is a video available via the link below that discusses this indicator in a lot more detail, and shows you how it actually works:

–> Video of the Secret Profit Levels Indicator in Action

Permalink • Print • Comment

July 25, 2014

Free Video - How To Trade Fibonacci Levels

If you really want to take your forex trading to the next level, one of the best things you can do is to learn all about the main fibonacci levels because these will really help you time your entries and exits a lot better, and help you maximise your profits.

The reason why they are so important is because they are used by many of the top traders and financial institutions from all over the world.

Subsequently the price action around these key levels of support and resistance is a lot more predictable, and therefore the probability of success is a lot higher, particularly on the longer time frames such as the 1 hour, 4 hour, daily, weekly and monthly charts.

If you would like to learn more about fibonacci trading, I have just discovered a really good 1-hour training video on YouTube that tells you everything you need to know.

For example, it tells you what fibonacci levels are and what they actually represent. It will also tell you which levels are the most important, and lists the pros and cons of each one.

It will also explain where you should be looking to enter and exit a position when using fibonacci levels, and tells you where you should be placing your stop losses, which is also very important.

Here's the video if you would like to check it out for yourself:



Permalink • Print • Comment

July 24, 2014

The Forex Articles Is Now On Twitter

This is just a quick post today to let you know that The Forex Articles can now be found on Twitter.

This site already has a presence on Facebook, but I feel that Twitter is much better suited to forex sites, which is why I have started posting regularly to this Twitter page every day, or at least every trading day.

Here you will find all the latest news, tips and analysis from around the web, as well as updates every time I post a new article to this site.

If you would like to follow The Forex Articles on Twitter, you can do so by clicking on the link to the Twitter page, which can be found at:

https://twitter.com/forexarticles1

Permalink • Print • Comment

July 23, 2014

The Top 100 Forex Blogs In 2014

I've just been reading through some of my emails and found that someone has kindly sent me a list of the top 100 forex blogs in 2014, and thought that I might like to share it with my readers.

Unfortunately this blog has failed to make this list, which is understandable because I have neglected this blog for several months, and it's a bit confusing because it includes lots of sites that aren't actually blogs.

Nevertheless you may still discover one or two new websites that you've never come across before, so hopefully you will find it useful. Here's the list of the top 100 forex blogs in full:

http://www.ea-coder.com/top-100-forex-blogs/

Permalink • Print • 2 Comments

July 21, 2014

Sprint Markets (Super-Fast Binaries) Now Available At IG

Binary betting has become very popular amongst forex traders in recent years because these markets provide you with a new way to trade the currency markets.

Unlike conventional forex trading where you either go long or go short, depending on whether you think the currency pair in question will rise or fall, binary betting enables you to essentially bet on the price hitting a certain target or to stay in a certain price range, for example.

The price quoted will always be between 0 and 100 and will expire at either 0 or 100 depending on whether the outcome is successful (100) or unsuccessful (0).

So to give you an example, the current price of the GBP/USD pair is 1.7087 at the time of writing, and the quote for the price to be above 1.7000 at the end of July 2014 is currently 70.2 - 80.1, ie 70.2 to sell and 80.1 to buy.

Therefore if you are extremely bullish on the GBP/USD pair and think it will easily close above 1.7000 at the end of this month, you might think about buying the 80.1 quote for £10 per point.

If you are right, and it doesn't matter how much the price exceeds 1.7000, the market will close at 100 and you will have banked £199 (£10 x (100-80.1)). If you are wrong, however, you will lose £801 (£10 x 80.1), so although it is already 87 points above this critical level right now, it is quite a risky bet because you are essentially risking 80.1 points to win 19.9.

That's why many traders look for value bets when trading the binary markets. Indeed I'm sure many bearish traders will be tempted to sell at 70.2 and risk 29.8 points in the hope of getting 70.2 times their stake if the price of the GBP/USD falls in the coming days and stays below 1.7000.

Anyway I haven't even got to the main point of this article yet, which was to basically tell you that you can now trade super-fast binary markets (providing of course that you live in a country where binary betting is allowed) because IG (formerly IG Index) now offer Sprint Markets:

In addition to offering a range of hourly, daily, weekly and monthly binary markets for the major currency pairs, they now offer quick-fire 1, 2, 5 and 20-minute markets as well. So there are endless markets for you to trade throughout the day.

I have to admit that these short-term markets don't really appeal to me because the intraday price movements can be quite random at time, and prices can move in an instant and could easily result in quick-fire losses. Plus of course it could be very costly if you temporarily lose your internet connection, for example.

Anyway I just wanted to highlight some of these short-term binary markets because they may be of interest to you if you only have a small window in which to trade every day, or if you are someone who is quite skilful at trading these shorter time frames.

If you would like to find out more, you can do so by visiting:

https://www.ig.com/uk/sprint-markets-binaries

Permalink • Print • 3 Comments

May 19, 2014

The State Of The Forex Markets In May 2014

It's been a while since my last blog post as I've been busy with a few other projects, so today I thought it would be a good idea to take a look at the current state of the forex markets right now in May 2014.

So listed below you will find summaries of the latest technical patterns and trends on the long-term charts of the GBP/USD, EUR/USD and USD/JPY pairs, which are obviously three of the most popular pairs that many people like to trade.

GBP/USD

The GBP/USD pair has been in a long term upward trend since around July/August last year, in no small part to the strength of the British economy in recent times. You only need to look at the consistently rising 200 day EMA (exponential moving average) for evidence of just how strong this trend as been.

Looking at it now, it still appears to be showing a lot of strength. Although the supertrend indicator has recently turned red, ie bearish, on the daily chart, the supertrend is still bullish on the weekly chart, and looks strong on the monthly chart, where it turned from red to green earlier this year, with the price moving strongly above the EMA (200) on this time frame as well.

So although we may see some short-term weakness and possibly a slight pullback to the 200 day moving average on the daily chart, I can see the GBP/USD continuing to inch higher in the coming months.

EUR/USD

The EUR/USD pair has also been trending upwards in recent months, although not as strongly as the GBP/USD pair because we have seen several retracements back to the 200 day exponential moving average on the daily chart, for example.

Looking forward, it is hard to predict with any degree of confidence where this pair is headed in the coming months. It is still in a rising trend, as evidenced by the positive supertrend indicator on the weekly and monthly charts, but it's looking weaker on the daily time frame, and it also looks as if this longer term trend is starting to run out of momentum.

So I wouldn't be surprised if this pair remains range-bound in the near future, or starts to slowly drift downwards as the long-term trend starts to run out of steam.

USD/JPY

The USD/JPY has been in a strong upwards trend for many months now, thanks in part to the recovery in the US economy. However there are a few signs that this upward trend may now be over.

For a start, this pair has stalled below the EMA (200) on the long-term monthly chart, and although the supertrend indicator turned green on the weekly time frame, the price has drifted sideways rather than begin a new leg higher.

Most significantly, the price has today fallen below the 200 day EMA for the first time since October 2012, and is starting to look very weak on the daily price chart. So I wouldn't be surprised to see the price fall below the critical 100.00 mark in the near future,and maybe down to 93.00-95.00 looking further ahead.

Permalink • Print • 1 Comment

December 4, 2013

Video Of The New Trade Alert Software In Action

A few days ago I told you about the new custom trade alert software from Bill Poulos that has been enhanced for 2013, and is just about to go on sale once again.

If you missed the preview video of this software, you can watch it again by clicking here.

However you may also want to watch this second preview video as well because this will enable you to see this trade alert software in action.

In this second video you will be able to see a bar by bar dissection of the three trading methods that are deployed by this impressive software, and the risk management principles that it uses to minimize losses whenever it enters a trade.

You will also see how it gets into a free trade situation as soon as possible after entering a position, and will see how it is able to predict the big forex trends for the next 8 hours.

Here is the link to this second video once again if you would like to check it out for yourself:

–> See The Trade Alert Software In Action

 

Permalink • Print • Comment

December 2, 2013

Trade Alert Software Predicts The Big Forex Trends

A few years ago Bill Poulos and his team at Profits Run spent over $20,000 on some custom built software that could predict the big forex trends for all of the major currency pairs, and automatically alert people to the very best set-ups based on 3 powerful trading strategies.

Since then thousands of people have purchased this software and used it themselves to find winning trades, and many of these people have banked some huge profits as a result.

The good news is that this software has been enhanced even further since then, and is about to go on sale once again in the near future.

If you would like to find out more about this exciting trade alert software, you can do so by watching this preview video that shows you how it alerts you to high probability set-ups on the 4 hour charts, and demonstrates how profitable these signals are in reality.

More on Trade Alert Software Predicts The Big Forex Trends

Permalink • Print • Comment

August 29, 2013

Are There Any Signal Providers On Zulutrade Who Make Consistent Long-Term Profits?

ZuluTrade Logo.jpgI recently received a very interesting email asking me if there were any signal providers on the popular Zulutrade website who make consistent long-term profits.

This is a valid question because if you take a look at many of the signal providers on this site, there does seem to be a lot of traders who struggle to make consistent long-term profits because they will bank lots of small profits, but aren't very disciplined when it comes to dealing with losing trades.

Therefore some will perform well for a number of weeks or months, before they inevitably have one or two big losing trades that end up destroying their followers' accounts.

Subsequently it can be hard to find signal providers whose signals you can trust enough to autotrade in your own trading account with real money.

Nevertheless there are some signal providers who you can subscribe to on Zulutrade that do seem to make consistent profits  More on Are There Any Signal Providers On Zulutrade Who Make Consistent Long-Term Profits?

Permalink • Print • Comment

August 16, 2013

2 Free Tools That Will Help You Identify The Latest Forex Trends

One of the golden rules of forex trading is that you should always trade in the same direction as the overall trend.

So for instance, if the GBP/USD pair is in a strong upwards trend on the 4 hour and daily charts, then you ideally want to be looking to open long positions on the 1 hour chart so that you are trading with the trend rather than against it.

It is often fairly easy to spot price trends simply by looking at basic price charts. However there are also a few tools you can use to help you find forex pairs that are in strong trends right now, to save you the hassle of scanning the charts of all the major currency pairs.

The first one that I recommend is  More on 2 Free Tools That Will Help You Identify The Latest Forex Trends

Permalink • Print • 1 Comment