Online Forex Trading Strategy - How to Make Currency Trading Systems Work For You Now that there are hundreds of Forex margin brokers, millions of free Forex trading tips webistes and literally hundreds of thousands of Forex day trading strategy "home based business" Forex traders, we can say that virtually anyone with an internet connection can trade Forex with the pros. In any power trading strategy, a proven trading method will mean that through Forex strategy testing and by using trading risk management, no more than one or two per cent of a total account value is put at risk in a single trade. This is key in the path to big Forex profits. Any trader beginning out will look at the trading methodologies available to them and decide to create trading rules for their Forex trading strategy. Forex trading (currency trading) initiates should be aware therefore not only of technical and fundamental analysis and predicting Forex prices, but also of how to be a trading strategy tester and to have strong Forex trading rules that help them to make the big Forex profits they are seeking. The alternative is to have more experienced Forex trading systems used by more experienced traders end up causing you to lose all your money in your Forex business - the harshest possible outcome. Having the following in place could assist you in getting started right away in Forex trading (currency trading): a Forex trading software platform; a free Forex trading strategy (or a paid for one for that matter); an understanding of fundamental and technical analysis and a trading risk management system. From these elements (and also the support of a daily Forex strategy briefing from a margin broker or some other site) you can start Forex trading in the fx market with your own Forex trading strategy rules. Learning currency trading online needs to begin with sound trading risk management and how to manage your trading account balance by making intelligent risk decisions with your trading account. The risks can be higher with Forex because the moves in a week can be equivalent to a month in stock moves. Volatility is to be expected. Currency trading strategy rules for a Forex business can be developed by amalgamating Forex trading systems of others or simply garnering a Forex education to include: fundamental and technical analysis; trading money management (risk management); a daily Forex strategy briefing from a "third party" and a way of creating Forex forecase signals (in other words a means of predicting future Forex prices from perhaps a technical setup on a currency pair or simply from Forex strategy testing that has been carried out. Forex strategy testing can either be done through using a practice account through your broker or by paper trading your strategy. A third option is to use software such as Forex strategy tester which can run a simulation of what could happen if you trade by your rules with some limitations on accuracy. Free Forex trading strategy tips are available from Forex ebooks webistes all over the web. The truth is that the Forex trading fx market needs to be treated as a business that runs like a Forex trading machine as much as possible. This is key if you are to make big Forex profits in live trading. Lack of regulation means that anyone can sell a "scalping trading strategy" or so-called "foolproof trading method" and make themselves out to be an expert or even say they are a long term bank trader when they are not. There is a need for caution therefore when deciding on where to get your Forex education because not any Forex trading guide is actually going to help in your predicting Forex prices in the near, medium or long terms. It behooves you to go out and look at what is on offer from Forex trading websites and learn more about the global currency markets after you have read this article. Some sites are listed in the resource box at the end to start you off. Trading Forex online then presents challenges. The rest of this article will address those challenges. In order to trade effectively, a Forex trading guide is needed for the initiate in to the Forex markets to be able to learn online currency trading, understand trading risk management and how to manage money, discover technical and fundamental analysis, how these types of analysis of the market differ and how to apply them in creating a Forex trading machine. This means that after all the cogs are set in place you will have a Forex trading machine that enables you to its like a professional and make decisions based in the moment and on the facts that are presented to you, rather than guess or gambling work - although there is invariably an element of risk, your job is to eliminate the risk as much as possible in applying your trading strategy. To make this happen, you will start to think about what you may need in order to implement your trading strategy. For example, will you be needing a daily Forex strategy briefing from either a paid service or a free provider of its strategy briefings - such as perhaps your broker or a third party service. In your technical analysis will you be utilising traditional indicators such as those involved in a bands trading strategy (Bollinger Bands), will you rely on charts created by a its platform or other currency price forecast type service or will you be professional analyst charts to make your decisions? A proven trading method is hard to come by. There are educators who have been trading Forex for banks and other institutions for many years. However they are still going to find it incredibly difficult to pass on their years of knowledge, at least not in the time most people want to go from knowing nothing about Forex trading (currency trading) to being an expert and making money with its as a business. In sum, it is multidimensional. There are several aspects of absolute importance. These include strategy, both in terms of trading and money management, education - both initial and ongoing and focusing in on mastering a specific area whether that be a particular currency pair or aspect within the field - such as global economics of a particular country.ll
Home » Uncategories » How To Trade A Bullish Falling Wedge Pattern

How To Trade A Bullish Falling Wedge Pattern


Hi folks!

Last week was a GREAT WEEK here at the ArtOfTrading.net !

We made a total of 8 trades of which 7 were winners!

We played A FALLING WEDGE PATTERN in 3 of those trades that all turned into very nice winners.
Here's a video to describe HOW to spot and play a BULLISH FALLING WEDGE. Hope it helps!






"Hey Stew, 
You were on fire today!  Thanks so much for the trades today!  I managed to take all of them but at smaller sizes than yours. Still, a few hundred here and there added up to $800!  I missed the WPRT sell alert so I'm still in it.
I'm not sure if you remember but a few months ago, I mentioned to you that your service was the first trading service that I've ever tried.  Since then, I've tried about 5 other services too and yours is the only one I'm still subscribed to.  I really like your cautious approach, transparency, your detailed entries and stops, and the "team" atmosphere in your chat room.  It's also perfect for when I'm away from my desk and can't micro manage trades because of your detailed entries and stops.
Have you ever considered doing a webinar that goes over your style of trading, your set-ups, etc.?  I would definitely attend that.  Hey, maybe you can even charge non-AOT members to attend."
Jason




Stewie, 
I want to thank you for the generosity of time and expertise you give to members. I am only two months here but not new to trading sites and I will tell anyone, you are the real deal! My gains are similar to the trader gains you published in this mail and also not including wins from the other outstanding talent at your chat room. 
May God bless and protect your house for the gift you give others.


Frank H. 



Stewie : here are my gains for Thursday/Friday on your calls alone:

COF: enter 55.26, exit 55.99 and 55.89, 1400 shares - $952 profit

KORS: enter 44.05, exit 46, 1000 shares, $1950 profit

SLF: enter 24.60, exit 24.70, 3000 shares, $300 profit

CLNE enter 18.55, exit 18.85, 2000 shares, $600 profit (sold WAY too early)

OVTI... oh, I lost on that one!
WPRT: enter, 30.85, exit 31.33, 2500 shares, $1200 profit. 

Thanks Stewie, excellent! + $5000

Time to party!

K.


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