tag:blogger.com,1999:blog-5568906442087431531Tue, 10 Sep 2024 17:54:35 +0000forexstop-losstake-profitrisk to reward ratioEMARSImoney managementmoving averagepipstechnical indicatorSMAaskbidcurrencyinterbanklongmargin callriskrolloversharetrading strategyMACDbase currencybearbearishbollinger bandsbrokerbullbullishcompoundconvergencedifferential interestdivergenceequityexponential moving averageforeign exchange marketleveragemajorsmarginmarketmomentum indicatormoneymoving average convergence divergenceoptionparabolic SARquotesrisk mangementshortsimple moving averagespot forexspreadstandard lotstochastic oscillatorstockstop orderstop-market ordertradertradingtrend formationA Journal about Forex Trading Concepts & Strategieshttp://forextrading-made-easy.blogspot.com/noreply@blogger.com (Lian Wee Koon)Blogger44125tag:blogger.com,1999:blog-5568906442087431531.post-4895684196355093893Fri, 25 Sep 2009 10:45:00 +00002009-09-25T18:45:00.478+08:00It is important to be clear and fully understand the concept of support and resistance (S&R) if you want to interpret the movement of a Forex chart correctly. So, what exactly is support and resistance? Why do support & resistance happen? It is basically an economic question that will be beyond the scope of my post today, and also it is not necessary for us to underatnd it. What we need to do is http://forextrading-made-easy.blogspot.com/2009/09/support-and-resistance-line-trading.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-1389031924733758008Tue, 22 Sep 2009 09:20:00 +00002009-09-22T17:55:39.573+08:00The video is brought by a third party and I do not promote or try to recommend any products mentioned in the video.http://forextrading-made-easy.blogspot.com/2009/09/video-support-and-resistance-line.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-4308088772619792739Mon, 21 Sep 2009 11:00:00 +00002009-09-21T19:00:01.347+08:00I have discussed in my previous posts, the Asian, European and North American sessions, their operating hours, and how they affect price action for the different currency pairs. A currency such as the Japanese Yen would be the most active during its own market. It will see higher volatility on average during the Asian session.This is simply due to the fact that most of the banks, big businesses http://forextrading-made-easy.blogspot.com/2009/09/what-is-market-activities-and-how-do-we.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-8171319560175502265Thu, 17 Sep 2009 11:30:00 +00002009-09-21T15:04:57.660+08:00The 24 hour Forex market offers great advantage to alot of us traders as it guarantees liquidity and the opportunity to trade at any conceivable time, BUT it also has its own drawbacks. It is a fact that currency can be traded over 24 hours a day but we traders are basically human and there is no way that we can monitor the Forex market every single minute.The inability to track the market every http://forextrading-made-easy.blogspot.com/2009/09/more-in-depth-on-three-major-session-of.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-6776330287931819761Thu, 10 Sep 2009 03:00:00 +00002009-09-22T17:18:47.090+08:00It has already been discussed before the 24 hours trading nature of the Forex market. The continuous round the clock trading allows investors from all around the world to trade during their normal business hours, after work or even in the middle of the night. But there is an interesting to note, not all trading times will result in great price action for the world's most volatile market. There http://forextrading-made-easy.blogspot.com/2009/09/three-major-session-in-forex-market.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-2037119748103116196Sun, 06 Sep 2009 12:00:00 +00002009-09-06T20:00:02.782+08:00forexmargin calltraderMargin Call is an important call that you as a Forex Trader will have to be familiar with. It is basically a broker's demand on you whom is using margin to trade to top up your account with additional money so that your margin account can be brought up to the minimum safety level. Margin Call will occur when your account reduces to a value lower than that the value calculated by your broker.For http://forextrading-made-easy.blogspot.com/2009/09/mechanics-of-currency-markets-margin.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-9009140617136767410Thu, 03 Sep 2009 12:44:00 +00002009-09-05T10:39:13.882+08:00brokerleveragemarginmargin callstandard lotLeverage basically means the borrowing of a certain amount of the money that is needed for investment. In our case, the Forex. The money is is usually borrowed from your broker. In Forex trading the possibility of using high leverage in the sense that for an initial margin requirement, a trader can build up and control a huge amount of money.In order to calculate your margin-based leverage, you http://forextrading-made-easy.blogspot.com/2009/09/leverage-basically-means-borrowing-of.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-7178943949040300674Tue, 01 Sep 2009 04:00:00 +00002009-09-01T12:00:08.767+08:00askbidpipsspot forexSpot Forex is traditionally traded in lots and also most of the time referred to as contracts. The standard size/contract for a lot is $100,000. As the forex market opens up in the last few years, mini lot size has been introduced at $10,000 and this again may change in the years to come. As I have covered on PIPS in my last post, PIPS is the smallest increment/decrement unit of a currency. To http://forextrading-made-easy.blogspot.com/2009/09/mechanics-of-currency-markets-contract.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-5868636313646856959Mon, 31 Aug 2009 06:30:00 +00002009-08-31T19:32:44.023+08:00The morning after a historic victory by Japan's opposition party in the national election and yes pressure is already mounting on a Monday morning for quick, definitive action to resolve a host of problems faced by the country, with, of course, reviving the country's economy at the top of the list.Japan is in its worst economic slump ever since World War II. It is caught in deflation and with thehttp://forextrading-made-easy.blogspot.com/2009/08/effect-of-victory-by-japans-opposition.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-6180638173867959211Sun, 30 Aug 2009 00:00:00 +00002009-08-30T12:58:34.651+08:00The video is brought by a third party and I do not promote or try to recommend any products mentioned in the video.http://forextrading-made-easy.blogspot.com/2009/08/video-how-to-read-currency-quotes.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-9127714266846088056Sat, 29 Aug 2009 12:00:00 +00002009-09-01T10:05:11.188+08:00forexpipsIn currency trading, the smallest and most common increment is the PIP. IF GBPUSD move from 1.6251 to 1.6252, that increment is known as 1 PIP. PIP actually means Percentage increase in Points. The PIP is generally referered to as the last decimal place of a currency quote. Therefore if the currency quotes is in 4 decimal places, the one increment/decrement of 4th decimal place is known as 1 PIP.http://forextrading-made-easy.blogspot.com/2009/08/mechanics-of-currency-markets-pips.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-586899791582912355Thu, 27 Aug 2009 02:00:00 +00002009-08-27T12:43:22.701+08:00askbase currencybidforexinterbankpipsquotesspreadIt is clear now that the Forex Market is the largest market in the world. The broker or institution that you trade with collects information on currency quotes from a centralized feed or individual quotes comprising of INTERBANK rates. So, what are quotes? Well I have discussed previously, "What currencies are traded, and What are the most common pairs?".You will normally see the USD being quotedhttp://forextrading-made-easy.blogspot.com/2009/08/mechanics-of-forex-markets-currency.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-1510239279013417618Mon, 24 Aug 2009 03:00:00 +00002009-08-27T08:23:28.866+08:00forexinterbankmajorsWhen you are involved in Forex Trading,INTERBANK will normally be mentioned and discussed. So What exactly is INTERBANK? The name simply says the exchange of currency rates or informations between large banks and institutions, which will act as platform for their own clients or even themselves to trade (Buy/Sell) in the currency.The word INTER basically means between two and BANK refers to an http://forextrading-made-easy.blogspot.com/2009/08/what-is-interbank-why-is-it-discussed.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-4711485405508740761Thu, 20 Aug 2009 08:30:00 +00002009-08-20T16:30:00.292+08:00risk to reward ratiostop-losstake-profitWhat Does Risk to Reward Ratio Mean (R/R)?A R/R ratio normally used by traders/investors to compare the expected returns of an investment to the amount of risk undertaken by them to get these returns. This ratio is mathematically calculated by simply dividing the amount of profit the trader/investor expects to made when the position is closed (i.e. the reward) by the amount he stands to lose if http://forextrading-made-easy.blogspot.com/2009/08/what-is-risk-to-reward-ratio.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-8507546978399772717Tue, 18 Aug 2009 23:51:00 +00002009-08-19T07:56:43.477+08:00rollovertake-profittrading strategyI closed my AUDJPY at Take-Profit (78.45) for a profit of USD 21.09 at 2252 GMT plus rollover interest of USD 1.06.What kind of trading strategy I am using? I will discuss about it as the time comes.Please continue to follow and support me..Bye for now.http://forextrading-made-easy.blogspot.com/2009/08/i-closed-my-audjpy-trade-at-take-profit.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-4764286739102822845Tue, 18 Aug 2009 12:51:00 +00002009-08-18T21:19:37.348+08:00risk mangementrisk to reward ratiostop-losstake-profitWhat Does Take-Profit Order Mean?This is usually an order that is used by investors or currency traders whereby they specify the exact rate or number of pips from the current entry price where they would like to close out their current position for a profit. Please note the difference between stop-loss and take-profit. For take-profit, the trade closes with a profit. The currency rate at which ishttp://forextrading-made-easy.blogspot.com/2009/08/what-is-take-profit-order.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-5505711253799400842Mon, 17 Aug 2009 12:00:00 +00002009-08-18T20:53:18.166+08:00longmoney managementrisk to reward ratiostop orderstop-lossstop-market ordertake-profitWhat Does a Stop-Loss Order Mean?It is basically an order placed with your broker to sell your currency pair that you are currently holding when it reaches a certain price. This certain price typically means a loss, as the name stop-loss implies. Therefore, a stop-loss is placed to limit your loss on your position.Alternatively, it is slso known as a "stop order" or "stop-market order". To set a http://forextrading-made-easy.blogspot.com/2009/08/what-is-stop-loss-order.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-5683396622603012548Sun, 16 Aug 2009 03:21:00 +00002009-08-16T11:51:51.495+08:00forexriskIn my last post, I mentioned the effect of compound interest. With the bank interest rate at a pathetic low of 0.2% P.A., some even at 0%, the amount of interest earned with deposits in the bank is so low that it can be considered as wasted deposit.Why put your money in the bank? You should look at some other forms of investment that might reap higher returns for you. With conservative investmenthttp://forextrading-made-easy.blogspot.com/2009/08/effect-of-compound-interest.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-302062786602550833Thu, 13 Aug 2009 02:08:00 +00002009-08-15T15:32:50.666+08:00compoundmoney managementriskMoney Management is an important aspect if you want to live to trade another day. As the saying goes, win or lose, we want to trade again the next day. Normally, when I say to people, my “average risk per trade is about 200 pips and some times even more”, they go blank and stare into empty space. The most important to note is that, the number of pips is not the crucial point. It is the risk (http://forextrading-made-easy.blogspot.com/2009/08/money-management.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-5575437279010641921Tue, 11 Aug 2009 07:25:00 +00002009-08-11T16:09:04.540+08:00I take profit @ 81.11 (11 Aug 2009, 0723GMT) capturing USD 20.67http://forextrading-made-easy.blogspot.com/2009/08/take-profit-audjpy-8111.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-5488532252937550257Tue, 11 Aug 2009 02:05:00 +00002009-08-11T12:08:35.677+08:00Currently, I am LONG on AUDJPY @ 81.01 (11 Aug 2009, 0201 GMT).http://forextrading-made-easy.blogspot.com/2009/08/long-audjpy-8101.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-7727467382728489185Mon, 10 Aug 2009 00:15:00 +00002009-08-15T15:39:03.765+08:00EMAlongmoney managementmoving averagerisk to reward ratioRSIshortstop-losstake-profittrading strategyIn today's post, we shall discuss one trading strategy which make use of the Moving Averages and the RSI. Before we move on further, I would like anyone who is following the blog now and who have not read the Risk Disclosure Statement to read it now.Currency Pair: AnyTime Frame: H1, H4, D1, (D1 preferred, you only need to check the chart once daily)Indicator Used: 7 EMA (Red), 14 EMA (Yellow), 21http://forextrading-made-easy.blogspot.com/2009/08/trading-strategy-using-moving-averages.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-7251947270973693515Sat, 08 Aug 2009 12:20:00 +00002009-08-08T20:20:00.998+08:00The video is brought by a third party and I do not promote or try to recommend any products mentioned in the video.http://forextrading-made-easy.blogspot.com/2009/08/video-using-bollinger-bands.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-6381156069867279810Sat, 08 Aug 2009 02:38:00 +00002009-08-08T11:29:19.849+08:00bollinger bandsmoving averagetechnical indicatorWhat is the Bollinger Bands?Bollinger Bands are a set technical indicator and trading tool created by John Bollinger in the early 1980s. The Bollinger Bands are therefore being used to measure the volatility of the market. When the market is quiet, the bands contract; but when the market is LOUD, the bands expand. when the price was quiet, the bands close up together, but when the price moved up,http://forextrading-made-easy.blogspot.com/2009/08/bollinger-bands.htmlnoreply@blogger.com (Lian Wee Koon)0tag:blogger.com,1999:blog-5568906442087431531.post-7814964585440358587Fri, 07 Aug 2009 00:28:00 +00002009-08-07T11:08:21.387+08:00bearishbullishparabolic SARRSIstop-losstechnical indicatorWhat is the Parabolic SAR?The Parabolic SAR is a technical indicator that is used to determine the direction of a currency/share's momentum. It can also measure the point in time in which the momentum has a higher-than-normal probability of changing directions. The Parabolic SAR is also known as the "Stop and Reversal System". The Parabolic SAR was developed by the famous technician Welles Wilderhttp://forextrading-made-easy.blogspot.com/2009/08/parabolic-sar.htmlnoreply@blogger.com (Lian Wee Koon)0