tag:blogger.com,1999:blog-73531400825416876272024-09-24T22:04:32.992-07:00Forex Trading For Beginners |Learn to Trade Forex|Forex Trading| Chart Analysis |Forex SystemsDrunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7353140082541687627.post-25970927655041141862008-05-16T10:20:00.000-07:002008-05-16T11:04:34.003-07:00

Alright, so some of you may have noticed that for the past few weeks I have been promoting Forex Killer in my side bar. For those of you who don't know what this product was, it was basically an automated forex trading software that dealt with grabbing profits on a very short time frame. Now, most beginner traders who want to learn to trade forex online would like to believe that there is some

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-67622119168942135922008-04-28T10:15:00.000-07:002008-04-28T11:39:19.223-07:00

I know, I know. Forex Candlesticks have taken on this mystique that simply by learning them, the new trader can put away his indicators for good and have an advantage over the other traders that are meandering with the more traditional forms of technical analysis. So, if you intend to learn to trade forex online, is the forex candlestick route really a viable route for the absolute beginner?

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-31826818734281374512008-04-14T09:53:00.000-07:002008-04-14T10:28:11.193-07:00

I have been around the block in regards to forex products and forex systems and as many of you are probably aware, I am no fan of Automated Forex Trading Systems, although some do work. Now before you get your panties in a bunch and ask the question "if they work, why don't I like them?", hear me out. Every Automated Forex Trading System that I have messed around with has made me money and lost

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com2tag:blogger.com,1999:blog-7353140082541687627.post-51988776939305815182008-03-31T21:36:00.000-07:002008-03-31T22:29:40.651-07:00

Okay, here's the deal. Most people who are just beginning to learn to trade forex online do the right thing and grab a demo forex account from a broker and get to learning. And, in the beginning, the forex platform completely overwhelms them.What forex currency pair should I start to analyze?What time frame should I use? 5 minutes? 15 minutes? 1 hour?How much leverage should I apply to my

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-90503528523517458742008-03-17T16:12:00.000-07:002008-03-18T09:19:41.636-07:00

Most people who are just beginning to learn to trade forex don't really know who are their "competitors" (yes, trading forex is a cut throat competition, not a friendly game), and like to think of trading forex in the same way that you would trade baseball cards. They say that 95% of all those who enter the forex market will lose, which ultimately means that those 5% (and the brokerage firms

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com1tag:blogger.com,1999:blog-7353140082541687627.post-5287263827931853892008-03-11T11:37:00.000-07:002008-03-11T12:24:10.698-07:00

Since this is forex trading for beginners then it is likely you are either looking at forex as a means to an end (making a living online) or you are simply intrigued by the intracities of trading period. I would be willing to wager my account that it is likely you fall into the first category though and if you have any misconceived notions that you are going to make a mint from trading forex out

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com1tag:blogger.com,1999:blog-7353140082541687627.post-30090639309976781062008-03-07T08:31:00.000-08:002008-03-07T09:39:13.173-08:00

Learning how to trade forex is easy...implementing trading strategies is a completely different story.....One of the biggest learning experiences for me was the proper places to put what is called Stop/Loss for my forex trades. For those of you that are green, a stop/loss is simply a point where you are willing to surrender your trade to try to control the bleeding. As you can probably imagine,

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com1tag:blogger.com,1999:blog-7353140082541687627.post-52386306896903285452008-02-27T12:09:00.000-08:002008-02-27T12:59:27.220-08:00

Because Forex Trading is relatively new in terms of the average investor being able to make money in the currency markets, there is a lot of speculation as to what kinds of returns are considered to be the status quo. In fact, if you look on any forum that deals with forex or yahoo answers, you will find the it will be peppered with questions such as "how much can I make with forex"..."can I

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com2tag:blogger.com,1999:blog-7353140082541687627.post-89354296528251806562008-02-26T09:56:00.000-08:002008-02-25T11:03:18.834-08:00

If you are brand new to forex trading, then chances are you have never heard of scalping trades. However, if you have been around the block on the forex circuit, then chances are you have run into the notion of scalping forex trades as a way to be profitable. In this tutorial of Forex Trading For Beginners, I am going to introduce you to the art of scalping.What is scalping in relation to trading

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.comtag:blogger.com,1999:blog-7353140082541687627.post-5551353906947690962008-02-25T09:18:00.000-08:002008-02-25T09:55:47.082-08:00

About 5 years ago, right before I decided to get into forex trading, I was like many who were on the outside looking in. After all, by all accounts, if you were to believe everything that you read, you would think that trading forex could be as easy as learning a few indicators and plugging in a "proven forex system" and then laughing all the way to the bank. However, forex trading for

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-8205728734537231662008-02-22T09:08:00.000-08:002008-02-22T10:37:21.971-08:00

While there are many who claim that trading stocks OR Forex Currency is nothing more than a random walk, there are far more who incorporate technical analysis into their forex trading. That said, there are a lot of different ways to go about analyzing charts. The methods of technical analysis and forex are all over the board with different traders claiming that their method is better than the

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-19468927026081987212008-02-21T11:44:00.000-08:002008-02-21T12:37:38.665-08:00

Here is yet another ramble about some forex trading concepts that you can use, if you can understand them that is. Today, we are gonna focus on Dow Theory and how you can use this to your benefit in your forex trading....But first, a little ramble about Dow theory, how it became known as the "Grandfather of Chart Analysis Theory" and what is about...The History of Dow TheoryWay back in the early

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-37936728664404385872008-02-20T08:52:00.000-08:002008-12-24T11:05:57.421-08:00

I am going to back track a bit and share with you a story on the hidden dangers of forex trading. I have been trading on and off now for roughly 5 years, and have my share of bumps and bruises along the way. Trading Forex has actually taught me alot about myself, including some of the not so pretty things that I am about to reveal to you. Forex trading is not a piece of cake that many would

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-82663199671839005702008-02-18T12:55:00.000-08:002008-02-20T08:20:11.945-08:00

In the last post, I briefly went over how to use leverage in forex trading and more importantly what NOT to do when you are first starting to trade on the foreign markets. In this post, I am going to expound on this by going over the risks of forex trading...most notably how to use a risk versus reward ratio to exploit forex trading and actually not lose your butt in the process.Do You

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-56822550574917726412008-02-18T11:12:00.000-08:002008-02-19T09:23:57.691-08:00

Understanding leverage and how to use it can be the difference between you going broke very quickly and you actually making money. I occasionally read a forum post where some guy claims that he made x amount of dollars trading forex with a 100:1 margin and while it is possible, it is also extremely risky. Most beginning forex traders simply don't understand what they are betting when it comes

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-69657720125321502692008-02-18T08:32:00.000-08:002008-02-18T11:03:31.865-08:00

In my last post, we went over why you should establish support and resistance lines for your forex trades. Today, I am going to show you one of the ways to predict where to establish these lines. We are going to use forex pivot points to get this done.So before we get into the nuts and bolts of this, what exactly are forex pivot points?A pivot point is a technical indicator derived by

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-91334015547492589552008-02-15T09:05:00.000-08:002008-02-15T12:54:15.886-08:00

To first begin Forex Trading, you first need to understand some of the basics of the market. For instance, how the market moves, why it moves in the direction it does and how to find a good entry point to start placing bids. Understanding the concept of support and resistance lines will be our first stop.Forex is a lot like trading stocks and if you have a solid foundation on how the stock

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-1844262845219432422008-02-14T08:18:00.000-08:002008-02-14T13:48:37.953-08:00

Forex Trading is not only about reading charts...it is about understanding our fellow man.So, you have picked up several forex books and have read them twice and finally have a grip on the charts....like what the difference is between support and resistance and forex pivot points. And now, you are ready to play around with a forex "dummy" account. Forex trading could be that easy but it really

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-85636467621551385162008-02-13T08:03:00.000-08:002008-02-14T13:52:11.645-08:00

In the last post, if you missed it, the primary premise was to help you understand how the forex market works and more importantly, the basics of forex trading and how to trade currencies on the forex market if you are a beginner.In this post, I am going to explain it a bit further....I used a rather large overview to help you understand forex trading. I mentioned that if I was going to England

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0tag:blogger.com,1999:blog-7353140082541687627.post-8645778631386882002008-02-13T08:02:00.001-08:002008-12-24T11:08:50.155-08:00

Do you need to know exactly how to trade in the forex market?Forex Trading is not a new concept although many people have gravitated to forex trading recently because of the high yield possibilities. Some claim that trading forex can actually yield as much as 50% gains in a month. While this may sound attractive, know that forex trading is not for everyone. For every one trader that averages

Drunkonlifehttp://www.blogger.com/profile/16417582362088015979noreply@blogger.com0