weekly analysis from 06-11 oct 2013

GBPJPY made a nice fall last week and the trend change from buy to sell, it is ripe for sell on weekly, we can sell on market open or we wait for a pullback towards 157.36 in other to minimize our risk and increase our profit, you can add me for accurate entry and market movement on BB 22c76065 or whatsapp 07011865688

GBPNZD made a nice fall last week and the trend change from buy to sell, it is ripe for sell on weekly, we can sell on market open or we wait for a pullback towards 1.9455 in other to minimize our risk and increase our profit, you can add me for accurate entry and market movement on BB 22c76065 or whatsapp 07011865688

GBPZAR made a nice fall last week and the trend change from buy to sell, it is ripe for sell on weekly, we can sell on market open or we wait for a pullback towards 16.1872 in other to minimize our risk and increase our profit, you can add me for accurate entry and market movement on BB 22c76065 or whatsapp 07011865688

GBP analysis from 06-11 oct 2013

I will be focusing on GBP this week, if we noticed what happen last week, we could see a serious fall on GBPUSD, the fall broke the support around 1.6134 on 4h tf, it means that, that place is now our resistance, this week we expect a pullback of GBPUSD towards that price for a good sell to 1.57xx, this is a good opportunity for us to wait and see a good price action (PA) at that place before we pull the trigger and to reduce risk and increase our profit. for other analysis you can check my blog at http://forexbinarys.blogspot.com/ for other pairs To know the setup, you can add me on BB 22c76065 or whatsapp 07011865688

The Unbreakable Laws of Trading

The Law of Process: Trading successfully in stocks, options, currency or any financial instrument is a process. The process of unending researches and constant improvement, which can fulfill your wildest dream not within twinkle of an eye like you think, but take more time than you expected. If your hope is to make fortune in a day, you are not going to be successful. In fact you are likely to end losing than making money. There are no successful traders who make the kill on the first day in trading let alone investing. What is most significant is every step you undertake daily towards your financial objective goal. The secret of success is found in daily agenda. If your new plan is investing or trading financial instrument for either short-term or long term, you must understand that staying in the process of becoming professional is more crucial than the day killing while investing for longer period of time without worry of the ups and downs of the index trigger your negative emotion, you are very likely to achieve success that will land in the promise land Trading is a process. You have to undergo the process yourself with guide from others such as your mentors, and other professional. A child will learn to crawl before walking and running, the child makes mistakes, a lot of fall and rise before gaining balance likewise trading. When it comes to trading and other form of investing many people tend to jump steps, skipping part of the process of learning and making mistakes. Everything you do is a process- a series of step, a chain of activities, preparing a meal is process, building houses is process that involve a lot activities as part of the process. Any skip in the part of the process may result in disaster in future that will jeopardize people's life. Only by improving the preparation and practices standard can we improve the result. A successful trader or investors know what is being required of him in the process of trading and wholeheartedly dedicate his life totally. Whether you want to trade or invest in Nigerian Stocks Exchange or trading foreign stocks on the internet you will have to follow the process. The Law of Inertial Every object stays at rest until is acted upon by an external force. Like what Jim Rohn said 'Don't let learning lead to knowledge. Let learning lead action. Action is the external force you have to exert to your learning and knowledge for getting desired result. This law seems to virtually apply to all things in life. This theory was postulated by Isaac Newton, popularly called Newton's law of motion: if no force acts on a body, then the body's velocity cannot change. You can imbibe the law of process only when you have overcome the law of inertial before taking action in the process. The law of process will be incomplete if you fail to practice what you have learnt. Thus you have to act to overcome initial impediment on your way in the process. Whatever apparently to be an obstacle should be removed. As a trader you will need to attend conference, workshop, and seminars, read books on trading strategies, attitude, money management and articles on thousands informative topical issues related to your business. This will more often than not showcase the complexity of the trading and investing which perhaps make it more difficult than your expectations. However, you will need to break initial force to convince yourself that you can do it and unveil the potential in trading. Law of Probability Experienced traders understand that trading is not more than a game of probability. It's probabilistic in nature. Nothing is 100% certain about accurate prediction of the market outcomes. It's more or less like educated guessing. As a trader you should be thinking about probable outcomes not exact because not all the intrinsic movements are explainable by the so called experts or analysts. Don't hold unrealistic expectations and be careful of about projection of the future. It is imperative for a good trader to research and understand the financial asset his trading and plan every trade according to his trading plan. If it works, he will make money and if it doesn't he knows the flaw in the system and accepts the loss(es) and move on to another trade. If you adhere with law of probability you will not unreasonably, not liquidating a losing trade, even after you acknowledged the trades potential is greatly diminishing thereby getting locked in a specific position with belief about reversal market direction. This has so many times ruined accounts even mine is not an exceptional. You should know that trading environment is different from all other environment. Trading has the appearance of something that should be easy to do couple with the great possibility of making handsome some of money in relatively short period of time. The market tease a trader with a very real possibility of fulfilling his wildest dream of wealth accumulations and financial independent at the same time stand ready and willing to take away all he has, even more. The game of trading is more of making money than being right Abiodun Babalola is a professional trader. He writes for magazines and newspaper, speaks in seminars and conference. http://www.abiodunbabalola.blogspot.com Article Source: http://EzineArticles.com/?expert=Abiodun_Babalola Article Source: http://EzineArticles.com/6040028

Forex Market Orders and Types

In the Forex market traders use several special phrases, including the terminology that refers to whether a particular trade has been entered in a buying or selling position. When a trader is trading long, they have entered a trade by buying, for example a forex lot and they're hoping that the price will rise. Traders will in most cases apply either one of the words buy and long to describe the same action taken. Whenever an investor trades short, they have entered a trade by selling, for example a forex lot, as they foresee that the price will go down. Traders also apply the terms sell and short in most cases to describe exactly the same action. For example, if you want to buy Australian dollars against US dollars, you would go long on AUD/USD where you would be buying Australian dollars and selling US dollars at a given price. Or in other case, if you think the Australian dollar is not going to perform well and would depreciate in value, then you could go short on the pair AUD/USD, where you would be selling Australian dollars and buying US dollars. But what if you do not want to enter a position at the current price, but at any other price? No worries, there are four different types of market orders based on which you could enter a position at the price that you think would be suitable for you. The following four order types come under the category of 'Pending orders' where you set a certain price either for buying or selling and the order would trigger just as the pair's price reaches your stated price. Buy Stop It's a form of pending order that is used when a trader expects the price to form a bullish movement; so that he could set a certain entry price for longing a pair that he thinks would be a safe point to enter. For instance, if he is trading EUR/USD pair and the current price is at 1.2820 and he thinks that it would be safe to long the pair once it breaks the level of 1.2840, then he could set a buy stop entry at 1.2850 which means that once price comes to this level, his long entry would be triggered. Sell Stop Just like buy stop, sell stop is another type of pending order that is used when a trader is expecting the price to go down so that he could short a pair at a certain price he is comfortable with. For example if he is trading USD/JPY pair and it is hovering at the level of 100.20 but he thinks that it would be safe to short the pair below the level of 100.02, so he could set a sell stop at let's say 99.92. Once the price falls down to this level then his sell entry would get triggered automatically. Sell Limit The limit orders are also used for entering the market at certain price level, but the difference between limit and stop orders is that limit orders are used when a trader is using some profit maximizing tactic. Moreover, limit orders are used when a trader wants to enter the market at certain resistance or support levels from which the price could bounce back and continue its major trend after retracement. For example, let's say you sell the EUR/USD pair at 1.2880 and cash your trade at 1.2820 with 60 points profit and are expecting the pair to give some correction that could lead it to test 1.2850. In this case, you could set your sell limit order at 1.2850 after which the pair may continue its major trend and would continue falling down. Buy Limit Buy limit works the same way as Sell Limit, but here a trader sets a certain price level at which he wants to enter as long on a given pair. For example, if he is bullish on a certain pair and is expecting the pair to rise after it gives some downward correction till 1.2820, then he could set a buy limit order at 1.2820 and may target let's say 1.2860 for 40 points profit. In conclusion, stop and limit orders are used to enter the market at certain price levels that may show up after some time when a trader may not be present in front of their computer screen. In short, if you believe in your analysis then you could make use of such orders whilst in the meantime you could be doing something else. This would significantly liberate you, as you would not be required to waste valuable time in front of a screen, waiting for that appropriate price level to show up. Who else wants the Secrets, Most Effective Money Making Strategies and Awesome Tips to choosing the Best Forex Robots and start making some Serious Money? Get our EXCLUSIVE INTERVIEWS with THE TOP EXPERTS for VERY LIMITED TIME FOR FREE. CLICK HERE: http://www.tiny.cc/Experts-Interviews Thank you. Johnny. Article Source: http://EzineArticles.com/?expert=Johnny_Mitch Article Source: http://EzineArticles.com/7763881

How to Trade the Forex Market Using Binary Options

It is no secret that the Forex market can be a very profitable place to be if you want to make money by trading currencies. However, it is also no secret that achieving consistency within the Forex market requires a lot of preparation (you need education and reliable trading tools) because not only you need to have a good idea of where the price is about to move, but also how far it is going to go. For instance if you are trading the EUR/USD pair and you decide it is a good idea to go long, you would place a "buy" order, because you are expecting the price of the Euro against the dollar to go up. If you placed your trade using 1 mini lot (this equals $1 profit for every pip), and your target for that trade is 30 pips, you would need to have at least $1,000 in your account to meet margin requirements and allow some room for drawdown, and if the trade is successful you will make $30 in profits. However, in order for this to happen the price of the Euro has to move 30 pips against the dollar, otherwise you will not reach the intended target and realize the profits. As you can see, if you trade the Forex market using the traditional approach you will have not only to predict where the price is going, but also how far it is going, which simply makes it twice as difficult. Now, if you have $1,000 in a binary options trading account, what would you need in order to place a successful trade, and moreover, what kind of profits a successful trade would deliver for you? In order to answer this question, let us assume that the price of the EUR/USD is at 1.47849 and based a given analysis of the market (e.g. swing trading pattern recognition) you think that the Euro is trending up against the Dollar. In this case you would go long as well, but instead of placing a "buy" order for currency, you would simply buy a $100 call option for the EUR/USD pair with a 1 hour expiration. If you are right and the price goes up, even if it is only 0.001 pip above the price you purchased your call option (which is the strike price), and it remains there or above until expiration, you would get as much as 75% return on your $100 investment. In other words, a single $100 trade could easily deliver $75 in profits and you could repeat this process several times during the day. But the remarkable thing here is that you did not need the price to go up 30 pips in 1 hour to get a 75% return on your investment, you only needed 0.001 points of variation to achieve this. In this scenario you certainly had to determine in what direction the price was going to move (this is usually an ingredient of the trading process) BUT your forecast did not have to take you all the way to a 30 pips increase in the price in order for you to make get the expected return, because you got it with just 0.001 points of variation, and you made $75 instead of $30. Also, you can open a binary options account with only $100 and you can trade with as little as $30 with no commissions charges. So as you can see, the potential of Forex trading through binary options is huge and the process is far simpler thus increasing your chances for profitable trades, however, you do need to have a sense of where the market is going. Provided that you have this, you are likely to make take far more winning trades than losing ones and a lot more money as well. Published At: http://www.isnare.com Permanent Link: http://www.isnare.com/?aid=460025&ca=Finances - See more at: http://www.isnare.com/?aid=460025&ca=Finances#sthash.1B5Xp5e6.dpuf Published at: http://www.isnare.com/?aid=460025&ca=Finances

Binary Option (Random Index)

This strategy is the simplest strategy I have ever used 1. your chart should be in 1m 2. you must know how to draw your trendline 3. you must have patient 4. set your order to 3 to 5 minutes 5. look for rejection on trendline and enter the trade in the direction of the trend Mind you, Nigeria have internet challenges GOODLUCK

BINARY OPTION (RANDOM INDEX ENTRIES)

there is no need of indicators, these are trendline rejection, just know how to plot it and you wait for reject before you pull the trigger, I trade 30 seconds to 5 minutes and I use 1 minute to do all my analysis