Quick Corner Stats:
Forex Tracer is a new forex product being sold on the internet and it has been becoming extremely popular lately. I think there are several reasons behind why this product has been becoming so popular lately, and why it has been out competing its forex competition in many areas:
1. The site has real pictures of forex tracer accounts, and not made up pictures cropped to look like money has been earned. You are able to see how their automatic signal earned someone 58% profit which was close to $20,000
2. The site has a risk free refund. Most forex products are classic internet scams that are trying to steal your money and run. That is why they cannot offer refunds. Forex Tracer has a 60 day no questions asked risk free refund.
3. Forex Tracer has automatic signaling. Rather than having to learn the forex trade which can take severak months to years to really master, all you have to learn here is one simple technique that the forex tracer automatic signal uses.
4. History has shown that Forex Tracer made $335,000 last year in profit. Clearly, the signaling is working because otherwise the site would be history by now. However, the opposite has happened. Forex Tracer is becoming as popular as ever since their product has been proven time and time again to produce results.
5. There is an option for a demo account for as long as you want before you trade real money. Therefore, you can see that the automatic signaling of Forex Tracer really is all that it is talked up to be without risking any money.
6. Automatic signaling is easy to learn, convenient, and the #1 way for people interested in forex to start earning money either part-time or full-time from home.
Cons
1. If you want to make lots of money, you will have to put in at least a couple of hours a day. I would estimate it takes 20 - 30 hours a week to make a 58% profit.
The product is being sold for $97 and that lines up with what other forex products are currently being sold for. You can compare it with forex mentor, which is being sold for $247 so this is a pretty solid deal. There are currently tens of thousands of members all receiving the same automatic signaling daily, and you can jump on the bandwagon and get started also. Read more info about the site by clicking on the link below.
http://www.projectpaydaymentor.com/2008/03/forextracercom-review.html
Article Source: http://EzineArticles.com/?expert=Dwight_Schrute
Tuesday, 23 June 2009
Wednesday, 6 May 2009
MACD Forex Signal Analysis
You just wait red dot come out and MACD with blue color over red then ready to open buy (Long) position and sell (Short) when white dot then MACD with red color over blue. It's guide to you for easy way in forex trading correctly according to MACD Charting Anaysis.
Examples :
RED DOT - Long(Buy)
MACD BLUE OVER RED
WHITE DOT - Short(Sell)
MACD RED OVER BLUE
Tuesday, 7 April 2009
Dollar Extends Rebound as Stocks Fall for Another Day
The risk appetite/risk aversion theme is still the main drivers in the forex markets. Dollar extends yesterday's rally as US stocks open lower for another day and breaches 7800 level briefly in early trading. Investors are taking profits on concerns of poor first quarter earnings reports from banks. IMF said that banks' toxic assets could spiral up to $ 4 trillion, up from prior forecasts of $2.2 trillion. In an interview, George Soros called recent rise in the stock markets a "bear-market rally" because the economy has not turned around yet. The current rally is not sustainable.
Dollar index extends yesterday's rise to as high as 85.50 in early US session today. Intraday bias is mildly on the upside for the moment but after all, break of 86.13 resistance is still needed to confirm underlying momentum. Overall outlook remains unchanged. As long as key support of 82 level (cluster support of 61.8% retracement of 77.69 to 89.62 at 82.24 and 38.2% retracement of 70.70 to 89.62 at 82.39, as well as long term rising trend line at 82.03) holds, the long term up trend from 70.70 is still intact. Above 86.13 will affirm this case and bring rally to retest 89.62 high. Below 84.67 will turn intraday outlook neutral again and risk another fall. Also, note that sustained break of 82 will argue that whole up trend has completed and will open up the case for deeper decline to 77.78 cluster support level.
Euro is one of the weakest currency today as the common currency drops against dollar, yen and even sterling. Eurozone GDP contracted -1.6% qoq and -1.5% yoy in 4Q08, signaling economy in the 16-nation region deteriorated more than market anticipated during the last 3 months in 2008. Leading the decline was sharp fall in exports and shrinking domestic demand while Germany, France and Italy were countries with the largest contractions during the period. ECB Provopoulos said 1 percent is not a "threshold for the ECB benchmark rate" and no decisions have been made regarding unconventional measures the bank would take.
UK’s industrial production dropped -1% mom in February, better than market expectation of -1.2% and a downwardly revised -2.7% in the previous month. On annual basis, the -12.5% was inline with consensus while January’s reading was revised down to -11.6%. Looking forward, industrial production will remain in sluggish as orders from both in UK and from abroad are weak. Manufacturing production slid -0.9% mom in February, also better than consensus of -1.5% and a downwardly revised -3%. From a year-ago, the gauge was down -13.8%, compared with consensus of -14.2% and -12.9% in January.
Earlier in Asian session, RBA surprised the market by cutting cash rate by 25 bps to 3% as policymakers judged economic conditions would deteriorate more severely than previously estimated. Aussie remains steadily in range though.
BoJ left rates unchanged at 0.10% as widely expected. The bank will expand the range of eligible e assets as collateral for loans to bolster the current liquidity boosting measures. BoJ Governor Shirakawa said the Japanese economy has worsened since the central bank released its January growth forecasts. FM Yosano said the issuance of new bonds to cover stimulus package costs is inevitable.
Dollar index extends yesterday's rise to as high as 85.50 in early US session today. Intraday bias is mildly on the upside for the moment but after all, break of 86.13 resistance is still needed to confirm underlying momentum. Overall outlook remains unchanged. As long as key support of 82 level (cluster support of 61.8% retracement of 77.69 to 89.62 at 82.24 and 38.2% retracement of 70.70 to 89.62 at 82.39, as well as long term rising trend line at 82.03) holds, the long term up trend from 70.70 is still intact. Above 86.13 will affirm this case and bring rally to retest 89.62 high. Below 84.67 will turn intraday outlook neutral again and risk another fall. Also, note that sustained break of 82 will argue that whole up trend has completed and will open up the case for deeper decline to 77.78 cluster support level.
Euro is one of the weakest currency today as the common currency drops against dollar, yen and even sterling. Eurozone GDP contracted -1.6% qoq and -1.5% yoy in 4Q08, signaling economy in the 16-nation region deteriorated more than market anticipated during the last 3 months in 2008. Leading the decline was sharp fall in exports and shrinking domestic demand while Germany, France and Italy were countries with the largest contractions during the period. ECB Provopoulos said 1 percent is not a "threshold for the ECB benchmark rate" and no decisions have been made regarding unconventional measures the bank would take.UK’s industrial production dropped -1% mom in February, better than market expectation of -1.2% and a downwardly revised -2.7% in the previous month. On annual basis, the -12.5% was inline with consensus while January’s reading was revised down to -11.6%. Looking forward, industrial production will remain in sluggish as orders from both in UK and from abroad are weak. Manufacturing production slid -0.9% mom in February, also better than consensus of -1.5% and a downwardly revised -3%. From a year-ago, the gauge was down -13.8%, compared with consensus of -14.2% and -12.9% in January.
Earlier in Asian session, RBA surprised the market by cutting cash rate by 25 bps to 3% as policymakers judged economic conditions would deteriorate more severely than previously estimated. Aussie remains steadily in range though.
BoJ left rates unchanged at 0.10% as widely expected. The bank will expand the range of eligible e assets as collateral for loans to bolster the current liquidity boosting measures. BoJ Governor Shirakawa said the Japanese economy has worsened since the central bank released its January growth forecasts. FM Yosano said the issuance of new bonds to cover stimulus package costs is inevitable.
Tuesday, 31 March 2009
MetaTrader, the famous forex trading platform
MetaTrader 4 is a free-of-charge program specially designed for online trading in the Forex market. The built-in technical indicators allow you to analyze securities' quotes, whilst the MQL4 network enables the development and usage of automated trading strategies. In order to trade in the financial market, traders need a program that allows them to analyze quotes, make trades and develop strategies.
MetaTrader 4 is a complete online trading package designed for providing brokerage services to Forex markets. The system has all that is needed for brokerage companies and at present, is considered the best online Forex trading platform. Until now, there are over 200 brokerage companies and banks worldwide that are using the MetaTrader 4.
MetaTrader 4 allows you the possibility of developing and using automated trading programs, known as the Expert Advisors (EA), to do the trading for you.
The Expert Advisor is a small program that you can embed/install into MetaTrader software. It is written in a specific programming language called MetaQuotes Programming Language Version 4 (abbreviated to MQL4). It can be switched on and off to automate your trades. It can analyze the chart as any indicator do plus it can, at specific conditions, open, modify and close trading orders for you.
Why Do Average Forex Traders Lose Money?
According to DailyFX.com, A Premier Site For Forex Trading News, Charts, Signals, & Strategies, most forex traders lost money due to poor money management. A lot of traders just do not seem to follow a simple good money management strategy: Take your profit quickly and cut your losses short. Unfortunately, this strategy is actually harder than it sounds because of a few natural, built-in traits that all humans have. Humans are made greedy, fearful and thus, inconsistent. That is why, according to DailyFX again, most traders would probably lose all their money in one single trade right after winning a few.
Making money by trading forex is all about consistently taking profit, no matter how small it is and consistently cut your losses at losing trades. The BEST forex trading strategy is to do all that, plus consistently look for currency pairs that would give you indication of a winning trade. Has anybody done this? sure. Can just ANYBODY do this? I think not. This is why Expert Advisor is needed.
How To Select The Best And Most Profitable Expert Advisor
There are 4 things that you would have to look for a money-making expert advisor:
Any product that meet these criteria of a Metatrader Expert Advisor should definitely be considered.
MetaTrader 4 is a complete online trading package designed for providing brokerage services to Forex markets. The system has all that is needed for brokerage companies and at present, is considered the best online Forex trading platform. Until now, there are over 200 brokerage companies and banks worldwide that are using the MetaTrader 4.
MetaTrader 4 allows you the possibility of developing and using automated trading programs, known as the Expert Advisors (EA), to do the trading for you.
The Expert Advisor is a small program that you can embed/install into MetaTrader software. It is written in a specific programming language called MetaQuotes Programming Language Version 4 (abbreviated to MQL4). It can be switched on and off to automate your trades. It can analyze the chart as any indicator do plus it can, at specific conditions, open, modify and close trading orders for you.
Why Do Average Forex Traders Lose Money?
According to DailyFX.com, A Premier Site For Forex Trading News, Charts, Signals, & Strategies, most forex traders lost money due to poor money management. A lot of traders just do not seem to follow a simple good money management strategy: Take your profit quickly and cut your losses short. Unfortunately, this strategy is actually harder than it sounds because of a few natural, built-in traits that all humans have. Humans are made greedy, fearful and thus, inconsistent. That is why, according to DailyFX again, most traders would probably lose all their money in one single trade right after winning a few.
Making money by trading forex is all about consistently taking profit, no matter how small it is and consistently cut your losses at losing trades. The BEST forex trading strategy is to do all that, plus consistently look for currency pairs that would give you indication of a winning trade. Has anybody done this? sure. Can just ANYBODY do this? I think not. This is why Expert Advisor is needed.
- It runs 24/7
- It consistently look for winning trade
- It consistently cut loses to minimal
- It has no greed, no fear and very consistent
- It does all of the above for all currency pairs simultaneously
- Most importantly, it has ingrained strategies in its mind and will stick to it no matter what
How To Select The Best And Most Profitable Expert Advisor
There are 4 things that you would have to look for a money-making expert advisor:
- High percentage of winning trades - means the EA would detect a lot more winning trades than losing ones. In other word, the EA that has the least drawdown percentage (losing trades).
- The least loss in each trade - means the EA has strict stop-loss policy to ensure minimal losses on losing trades.
- Software maker/seller that can show proven, Live forex account results that meets both requirements above on their website.
- Have huge customer base - indicating satisfaction of the product usage.
Any product that meet these criteria of a Metatrader Expert Advisor should definitely be considered.
Wednesday, 11 February 2009
Forex Signals Advice
There are lot's of Forex signals providers out there. New Forex traders might be thinking of looking for a reliable Forex signals provider. Is there any reliable Forex signals providers available?
Personally, I will say do not pay for Forex signals. Think about it - if a Forex signals provider sells Forex signals for living, you can doubt their Forex trading skills? Or else if they are pretty good in Forex trading and making lot's of profit, I am wondering why do they still bother to sell Forex signals for money. Thus, what would be the value of such Forex signals providers? The answer is ZERO.
There are Forex traders who have been relying on Forex signals arguing those Forex signals providers really help them making money in Forex trading. These Forex traders can even show their Forex trading logs as evidence. After some though, I came out with the assumption that assuming I am the owner of a Forex signals provider, in order for my business to be in black, obviously I need some satisfying customers......
Full article available at:
href="http://www.forex.labuan.net/forex-signal.html">http://www.forex.labuan.net/forex-signal.html
Alvin Han is the editor of http://www.forex.labuan.net/ Article Source: http://EzineArticles.com/?expert=Alvin_Han |
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