Forex SOHO | Online Forex Trading System | Currency Trading

ADX and MACD Trading Guide

eric_wing2005@hotmail.com — Wed, 23 Jan 2013 08:47:06 +0000

This is a simple strategy with a combination between MACD oscillator and the Average Directional Index (ADX) indicator, it’s mainly for medium term traders as target daily or weekly timeframe to aim their profit. Time Frame: This strategy is used strictly for the DAILY time chart. Indicators MACD (set at 3,10,18) ADX (18) with +DI [...]

Complete Guide to Forex Trading Psychology

eric_wing2005@hotmail.com — Mon, 17 Dec 2012 15:12:32 +0000

1. Use a demo account when learning how to use the trading platform. Open a demo account with roughly the same size as you intend to trade on your first live account. 2. When you change to a live account after your twenty straight wins, do nothing different to what you did on your demo [...]

How to trade inside bar

eric_wing2005@hotmail.com — Sun, 02 Dec 2012 05:49:56 +0000

Inside bars are a high-probability trading strategy that usually provides traders with a good risk reward ratio since they typically require smaller stop losses than other setups. It’s more profitable to trade inside bars on the daily chart time frame in strong trending markets, inside bars are best in trending markets as breakout plays in [...]

Round Numbers Trading Strategy

eric_wing2005@hotmail.com — Thu, 22 Nov 2012 12:20:05 +0000

Round Numbers Trading Strategy is another very simple, but extremely efficient strategy. The round numbers (example EUR/USD 1.2900, USD/JPY 100.00) are natural levels of support and resistance. A lot of orders are placed around these levels. During the last few years the importance of the round numbers increased because they are used for options barriers [...]

Doji Candlestick Breakout Strategy

eric_wing2005@hotmail.com — Fri, 02 Nov 2012 15:58:24 +0000

Doji Candlestick Breakout Strategy can be used on any currency pair and timeframe above the 1 hour. The strategy uses two consecutive doji candlesticks to spot new buy and sell trading setups in the market. The Doji is a neutral candlestick pattern representing indecision between forex bulls and bears. It is characterized by being small [...]

Price Action Forex Trading Tips and Guides

eric_wing2005@hotmail.com — Tue, 16 Oct 2012 17:23:43 +0000

Price action trading is the art and skill of making all of your trading decisions off of a stripped down or “naked” price chart. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas. All financial markets generate data about the movement of a security [...]

How to Choose Currency Pairs for Trading

eric_wing2005@hotmail.com — Mon, 13 Jun 2011 04:04:32 +0000

The best currency pair to start trading is a currency pair that has a small spread and sharp and strong signals. So EUR-USD is the best. Most brokers charge 2 pips when you buy EUR-USD and recently I have seen some brokers that charge even less than one pip.

Advantages of Full-Time Traders

eric_wing2005@hotmail.com — Sun, 01 May 2011 17:16:12 +0000

Many traders are considering switching to full-time Forex trading opposite to the most popular way of trading - part-time.

EA v.s. Manual trade

eric_wing2005@hotmail.com — Sat, 30 Apr 2011 16:59:34 +0000

Most losing traders who inquire about forex trading are quite intelligent, but why 90% of trader has loss their money? They are not beaten by other traders, they simply are beaten by themselves, by humans' weaknesses.

Method of Technical Analysis

eric_wing2005@hotmail.com — Tue, 01 Mar 2011 17:49:07 +0000

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician, though most will also keep a close watch on volume and open interest in futures contracts. The bottom line when utilizing any type [...]