Forex 4 Freshies

Naked Trading

2015-11-05T12:04:00.001+08:00

THE BEST WAY TO TRADE FOREX Start with

Bank of London and The Middle East launches fully Sharia'a compliant on-line FX trading platform

2010-12-07T11:33:00.003+08:00

Bank of London and The Middle East plc (BLME), London's leading wholesale Sharia'a compliant bank, today announced the launch of BLMEFX, one of the world's first Sharia'a compliant web-based FX trading platform to provide clients with direct access to multiple currencies in order to undertake overseas transactions. In a Sharia'a compliant environment, currency trading is used to support

Money management

2010-02-27T13:31:00.002+08:00

Many beginning FOREX traders are captivated by the allure of easy money. FOREXwebsites offer 'risk-free' trading, 'high returns' 'low investment' – these claims have a grainof truth in them, but the reality of FOREX is a bit more complex.There are two common mistakes that many beginner traders make – trading without astrategy and letting emotions rule their decisions. After opening a FOREX

Candlestick Patterns

2010-02-07T13:05:00.014+08:00

10 Best Candlestick Patterns There are many candlestick patterns but only a few are actually worth knowing. Here are 10 candlestick patterns worth looking for. Remember that these patterns are only useful when you understand what is happening in each pattern. They must be combined with other forms of technical analysis to really be useful. The following patterns are divided into two parts:

Pin Bars- Advanced

2010-01-31T08:27:00.009+08:00

Setting the initial stop lossThis section talks about setting a more aggressive stop loss initially. This means that the stop loss will be closer to the entry point and will allow a better return on a successful trade but itwill be more likely that the trade will be stopped out.There are three methods of setting the initial stop more aggressively based on the:1) eye2) fib retracements3)

Introduction to pin bars- Continue

2010-01-24T09:06:00.009+08:00

Playing the pin barThis section details how the pin bar can be played.Traders that are new to pin bars may put a limit/stop order under the bottom of the pinbar. It is placed 10 pips under to account for a false break-out (unlikely to be 10 pips). When this order has been triggered then the trend will probably be heading in the opposite direction of the nose. This approach also means that the

Introduction to pin bars

2009-11-08T20:36:00.006+08:00

Figure 1. The anatomy of a pin barThis section explains what the pin bar is. Following sections explain how it may betraded. Generally examples are only given for pin bars pointing one way. The sameconcepts can be applied to pin bars pointing the other way (just reverse the concepts!).Trading is a probabilities game. There is always risk of loss and the trade going ‘thewrong way’ after the pin

USEFUL STATISTICS

2009-08-02T09:48:00.004+08:00

Today I will show you how to set the targets depending on the Movement of each pair by using the following table: -Pairs average movement SR PAIR HOUR 4 HOUR DAILY1 AUD/JPY 14 26 832 AUD/USD 11 26 753 CAD/JPY 17 33 774 CHF/JPY 13 27 885 EUR/CHF 8 26 626 EUR/GBP 5 12 557 EUR/JPY 17 37 1148 EUR/USD 18 42 1149 GBP/CHF 24 45 11010 GBP/JPY 28 57 19511 GBP/USD 22 51 14212 NZD/JPY 17 32 7613 NZD/USD 14

Forex trading basics

2009-06-13T21:54:00.000+08:00

Forex Market Basics The Foreign Exchange market (also referred to as the Forex, FX market, "Cash" Forex or Spot Forex market ) is the largest financial market in the world, with more than $1.5 trillion changing hands every day — 30 times larger than the combined volume of all U.S. equity markets. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to

What is Forex ?

2009-06-13T21:52:00.000+08:00

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world’s currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

FOREX 4 FRESHIES

2009-03-22T15:14:00.000+08:00

This blog is intended for forex starters only.Share your views and any information about forex.For experienced forex individuals, you are welcomed to contribute and share your expertise.See you on topWarning:-Forex is very risky.Before you decide to invest in forex, equip yourself with the neccessary knowledge to better understand the pros and cons about forex investment.