forexkl.blogspot.com
Learn to use Stop Loss effectively | Strive for success
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Earn money online easily. Learn to use Stop Loss effectively. 1 Simple equity Stop. It's an important money management rule: not to risk more than 2-3% of the total account per one trade. According to this rule, a trader would place an order and based on a lot size would calculate amount of pips required to reach the limit of 2-3% of the total account balance (and a stop loss will be placed at that point). Learn more about risks and effective money management on our main page:. 2 Chart based Stop. Price ...
forexkl.blogspot.com
Forex Money Management. Trade safe building stable gains | Strive for success
http://forexkl.blogspot.com/2007/12/forex-money-management-trade-safe.html
Earn money online easily. Forex Money Management. Trade safe building stable gains. Money management is a way traders control their money flow: in or out of pockets. Yes, it's simply the knowledge and skills on managing a personal Forex account. There are several rules of good money management:. 1 Risk only small percentage of total account. Why is it so important? The main idea of the whole trading process is to survive! Survival first, and only then making money on top. Now, there is a challenge: try o...
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ECONOMIC INDICATORS | Strive for success
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Earn money online easily. US economic indicators by Rank:. 1 US Non Farm Payroll — measures new jobs created in States. 2 Interest rates — FOMC rate decisions. 3 US Trade Balance, European Trade Balance — a proportion between exports and imports in US economy. 4 US Current Account. 5 US Treasury Inflow Capital (TIC) Data — a measure of how much foreign buying of country's securities takes place. 6 US Gross domestic product (GDP) — a measurement of growth in economy. Tankan report — assessment of Ja...
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What to trade, when to trade... | Strive for success
http://forexkl.blogspot.com/2007/12/what-to-trade-when-to-trade.html
Earn money online easily. What to trade, when to trade. During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement. Below are Forex market sessions and examples of the most active currency pairs:. London/ New York sessions:. Subscribe to our feed. What to trade, when to trade. Forex market hours. When to trade and when not to. How to use Pivot points in Forex trading. Learn to use Stop Loss effectively.
forexkl.blogspot.com
Extra Forex trading tips | Strive for success
http://forexkl.blogspot.com/2007/12/extra-forex-trading-tips.html
Earn money online easily. Extra Forex trading tips. Tip A Trading strategies that work well in an up-market may not work in a down-market. Same as: systems that work well in a good trending market may not be applicable at all to a ranging market. The solution is either to have a system for each type of the market or make sure that one solid system will work well under all market conditions — extensive testing is the way to know the truth. Tip D Never worry about missing out on a trading opportunity. ...
forexkl.blogspot.com
Focus on the Process, Not on the Profit | Strive for success
http://forexkl.blogspot.com/2007/12/focus-on-process-not-on-profit.html
Earn money online easily. Focus on the Process, Not on the Profit. Many new traders always wonder how they can make more profit from their trading (assuming they're already making money). They attempt to set goals like trying to grab a specific numbers of pips per day or month. I think it's better to focus on the process first, rather the outcome. You follow every single rule in your trading plan and you still end up losing money. No Especially not over a short period of time. Did I follow all my rules?
forexkl.blogspot.com
How to use Pivot points in Forex trading | Strive for success
http://forexkl.blogspot.com/2007/12/how-to-use-pivot-points-in-forex.html
Earn money online easily. How to use Pivot points in Forex trading. We calculate Pivot points on daily basis using daily charts and then use those Pivot levels on 15 minute charts — our main charts — where we will look for entries, stops and exits.We use 15 minute time frame because it allows catching the best entry and exit opportunities. With hourly charts, for example, when the signal is there it is quite often already too late to react / enter. Then traders should look at how far the price opened fro...
forexkl.blogspot.com
Currency correlation | Strive for success
http://forexkl.blogspot.com/2007/12/currency-correlation.html
Earn money online easily. Some currencies tend to move in the same direction, some — in opposite. This is a powerful knowledge for those who trade more than one currency pair. It helps to hedge, diversify or double profitable positions. The example of strong positive correlation between two currency pairs is: GBP/USD and EUR/USD. They have a correlation coefficient of over 0.90, which means that when EUR/USD goes up, GBP/USD also goes up. Examples of same direction moving currency pairs are:. 2 When conf...
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Forex trading strategy (Basic balanced system) | Strive for success
http://forexkl.blogspot.com/2007/08/forex-trading-strategy-basic-balanced.html
Earn money online easily. Forex trading strategy (Basic balanced system). 5 EMA, 10 EMA,. Stochastic (14, 3, 3), RSI (14, 70, 30). Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up) and Stochastic is not in overbought position (above the 80.00 level) and RSI is above 50.Entry rules: Sell when 5 EMA crosses below 10 EMA and Stochastic lines are heading south (down) and Stochastic is not in overbought position (above the 80.00 level), and RSI is below 50. Subscribe to our feed.
