Forex Trade – Intelligent Forex


Popular Strategies That Lose Money – Avoid Them!

Posted in Forex Trading Strategies by intelligentforex on March 5, 2010

There are many Forex trading methods but only as few work, hence the fact that 95% of traders lose money so if you want to win make sure you avoid the popular losing strategies enclosed – lets take a look a them. You would think that when 95% of traders lose money, that it would be common sense that Forex trading is not a walk in the park and this leads us to our first huge group of losing traders.

Cheap Forex Robots Don’t Work

If you see a Forex robot which says it can make you a lifetime income for a hundred dollars so avoid it. These robots are laughable, they claim better track records than the worlds super traders on millions a year in salaries and yet, none have been sacked in favour of a hundred buck robot and the reason is obvious they don’t work. The Forex robot world is one of – hyped claims, actors masquerading as traders and simulated paper track records; its a wonder that so many people believe they will work, when common sense should tell them they don’t.

Scientific Theories of Market Movement

These are popular, when its quite obvious markets don’t move to science if a system can predict the future it would be right all the time and there is no such system. The theories of Gann Elliot Wave and Fibonacci are the most popular but none are right all the time so they can’t be scientific. Perhaps the funniest one is Fibonacci, this was a theory that was designed to solve a problem to do with the copulation of rabbits and has nothing to do with Forex. Fibonacci was a brilliant thinker but he would be as bemused as me, at how his theory has been hijacked by the far out investment community and applied to Forex.

Day Trading and Scalping

In days gone by, before we had instant price information the day trader could make money and take advantage of the window of opportunity which existed between the few who had the price information quicker than the masses but this advantage has gone. All daily volatility is random, you can’t get the odds on your side and that means losses. Day trading and scalping is a lot of work for no return.

How to Win at Forex Trading

Get a simple system which is based on the reality of price change and trade it with confidence and discipline and while you may not win every trade, if you trade with the odds on your side, cut your losing trades and run your winners you can make a lot of money.

Find Forex Trading Strategies That Work – 3 Vital Tips

Posted in Forex Trading Strategies by intelligentforex on March 5, 2010

Is it possible to really find Forex trading strategies that work, consistently? Investors are always looking for an edge. This is especially true for those who trade in the Forex marketplace. There are countless individuals and companies presenting their latest idea as the best thing since sliced bread. There are numerous trading strategies out there, and new ones coming about, seemingly every day. So how can you differentiate those strategies that really work and will therefore be very helpful to you from the ones that are just snake oil? Here are three things to look for when considering purchasing a Forex trading strategy:

  1. Fraud Watch. There are many scams perpetrated upon people who are looking for get rich quick schemes. This is especially true amongst currency traders. Make sure that the product that you are considering is not listed on ForexFraud.com. This is a website that is designed to help protect people from such scams.
  2. Positive Reviews. Every new product that comes out argues that their currency trading software is the best product available. You need to see what other people think of the product. Check for reviews of the product on various trader forums. Since people can submit reviews of their own products, try to make sure that the reviews are from people who have reviewed many different products. This improves the likelihood that the review is legitimate.
  3. Money Back Guarantee. When you are considering making a purchase, you are putting your hard earned money at risk. You want to have the confidence that the product that you are purchasing is worthwhile. If the seller is unwilling to refund your money, unconditionally, then they may be trying to hide something from you. If on the other hand, the seller will refund your money, they have confidence in their product. They believe that people who buy their product will be satisfied with it.

These are the three things that you need to make sure that the tool has. It needs to not appear on the fraud watch websites, it should have many positive reviews from people, and you need to be able to get your money refunded to you if you are not satisfied with the product. If the tool passes these three tests, then you can probably consider this a reasonable tool and is worthy of your consideration.

While it may be difficult to separate the find high quality Forex trading strategies that work, it is not impossible. If you can find tools that meet the three criteria mentioned above, you are well on your way to finding a quality, useful product which will help your become a successful Forex trader.

Forex Trading Strategies – Your Tool to Success

Posted in Forex Trading Strategies by intelligentforex on February 5, 2010

Foreign exchange is truly a competitive world. To be successful in this field is to be armed with tried and tested Forex trading strategies. Even though so many Forex system claims that their program will make anyone millionaire overnight, it is better to learn your way and find one that is really working.

Before entering the Forex market, it is advisable to create a list of Forex tactics that are based on facts and proven by research. Do not be tempted by Forex systems that make promises of huge earnings within a small period of time. It might be intriguing to try this kind of software but being careless will only make you suffer.

Engaging in the Forex market is a learning process. Failures will always be a part of this world but with the correct Forex trading strategies failures will be lessen. No system can promise you a hundred percent failure-free path but the more information you gather, the more chance you will achieve success in a period of time. Although Forex software is created to make your trading experience pleasurable, it will still be useless if wrongly applied. Thus, developing a Forex trading plan is really a must. Here are some factors you might want to consider in creating your own Forex strategies.

The forex market is an ever changing world therefore it is also a fact that there will never be a perfect and permanent plan. Forex methods should always be evolved and adjustments are needed to be able to adapt to the constant changing market.

Set your goals. Determine the amount you are willing to invest and if you are going to be a buyer or seller. Better to be decided before doing business. Know your limits. Establishing limitations is a smart move in any business. If you know how to enter in the Forex world, also learn how to exit. Evaluate situations if you should continue or stop trading.

In any business, patience is considered a virtue. Note that Forex market is a lengthy operation. Work hard in order to gain success. Finally, gather knowledge as much as you can. There are so many free sources of information such as forums, books and online web sites that anyone can avail. Bear in mind that the Forex trading strategies you apply in this market will determine your success or failure. Do everything you can to have leverage.

Simple Forex Trading Strategy – This Method is Easy to Learn and Makes Huge Profits!

Posted in Forex Trading Strategies by intelligentforex on January 24, 2010

If you are looking for a simple Forex trading strategy which works you will like the one enclosed which is the choice of the professional trader yet, very few new traders use it but don’t let that concern you to much most traders lose money. Let’s look at this powerful Forex trading strategy and show you how and why it works.

The aim of any Forex trading system is to get the odds on your side and trade high odds set ups and our strategy does just that, as it will get you in on all the biggest trends and profits. If you look at any Forex graph, you will see long term trends but do you know, how they all start and continue?

All the biggest bullish market trends, start by breaking out to new chart highs and as the trend evolves, the currency continue to break through to new market highs. Look at any currency pair you like and you will see this is true – so the way to trade with the odds on your side and get in on the best trends, is to trade high odds breakouts.

So why do most traders simply not do this?

The problem most traders have is they don’t understand that Forex markets cannot be predicted but they try and predict in advance where a currency may go and this leads to disaster. They want to get in at the low, so they try and buy into support. The problem with this method is – they are hoping the support level will hold and that is not a great way to make money in Forex! As the old traders saying goes:

“A bottom picker becomes a cotton picker” and these traders all end up wiping themselves out.

The smart trader doesn’t predict, he waits for confirmation via a breakout above resistance; he simply takes the trading signal on the break, as a new high is made and he is then in a trade with the odds on his side; if the breakout is a good one there will be triple digit profits ahead and that’s what all traders want to achieve! So what is the definition of a good breakout?

A good breakout is one, where resistance has been tested and held a few times in the past and held. You should look for a lot of tests and in time frames, that are at least a few weeks or longer apart. The more times the resistance level has been tested and the wider the tests are spaced apart in terms of time, the higher the odds are and of a trend developing in the direction of the break.

Once the level gives way, stops are triggered and fresh buying comes in which sees the currency move, with accelerated momentum away from the breakout point.

This strategy is simple, you can use just look at levels of resistance and add a few momentum indicators, if you wish to help time your trades better and you then have a simple Forex trading strategy which can make you huge gains. All the best strategies are simple and robust and breakout trading, is a very powerful method, anyone can use to seek long term Forex trading success.

The Best Strategy to Make Bigger Forex Profits in 30 Minutes a Day!

Posted in Forex Trading Strategies by intelligentforex on January 24, 2010

Most traders ignore the Forex trading strategy enclosed but don’t let that bother you the bulk of Forex traders lose but many of the world’s top traders use and you can too – it works and will always make big Forex profits, so lets take a look at it.

Most Forex traders think that to win they need to predict where Forex prices are going yo go but this is really just hoping or guessing and they all lose. There has been a huge rise, in cheap predictive Forex software being sold as well which promises you, the software can predict prices in advance but the only thing you can predict with cheap software, is your going to lose!

The pro trader knows, that to win at Forex trading, you don’t need to predict to win and if you trade the reality of price change, you will have the odds on your side and can make a lot of money.

Look at a Forex chart and you will see two facts, about Forex price movement which have remained constant since trading began and they are:

Forex markets trend for long periods, of many weeks or even longer and all these big trends, start and continue, from breakouts to new highs on a price chart.

So if you want to get in on all the best trends and profits, all you need to do is buy high odds breakouts to new highs, in a bullish currency and hold the trend.

Sounds simple doesn’t it? Most traders can’t do it though, when a break occurs, they want to wait for a pullback to get in at a lower or what they consider is a better price but a quick glance, at any good breakout shows that prices don’t come back, they carry on piling up huge profits, for the savvy trader who bought the breakout while, the losing trader never gets on board.

When trading breakouts, you need to look for levels that have been tested several times before the break and in breakout trading, the more tests you have and the wider they are spaced apart in time, the higher the odds of a continuation of the trend.

I like at least six tests or double figure tests, before the break as this means, the odds are at their highest in terms of the break continuing. Stop loss protection is easy, just below the level that has broken, so risk is low and if it’s a good break the rewards are high.

Forex breakout trading is a simple strategy but all the best Forex trading strategies are simple and if you trade high odds breakouts, you will soon be on the road to a triple digit, annual income in around 30 minutes a day or even less.

The Methods the Pro Traders Use to Generate Big Forex Profits!

Posted in Forex Trading Strategies by intelligentforex on January 10, 2010

The Forex trading strategy works and will continue to work and is the choice of some of the world’s top trading systems and if you want to make big gains you should use it too. Let’s take a look at it and how you could soon be making triple digit profits in around 30 minutes a day…

The Forex trading method we will look at here is the choice of the savvy professional trader but very few novices choose it and I will explain why in a moment but for now let’s look at the trading strategy itself. Currency prices trend and its the aim of all traders, to lock into price trends and hold them for big profits but how do you enter these trends when the risk reward is at its best?

The answer is buy buying and selling breakouts to new chart highs and lows. If for example, you look at any currency which is in a bull trend, you will notice that the trend will have started I by breaking to new market highs and would have continued its trend by doing this.

So if you want to make money trading Forex you should base your strategy on trading breakouts. If you buy the best breakouts, you can make huge gains and get in on all the big trends and we will look at how to do this in a moment – but let’s look at why most traders don’t use this method, despite the fact it’s logical and makes money?

The reason is most traders think they can predict lows highs but this is one of the biggest myths of trading. If you try and predict a low for example, your simply hoping and guessing and will lose. The losing trader cannot in a bull trend go with a breakout to the upside, because he wants to buy low, he knows the break is bullish but wants a dip in price to get in, this doesn’t occur on the good breakouts and he misses a great trading signal.

The breakout trader knows, that while he has missed the exact low, the odds heavily favor a continuation of the trend and focuses on the profit he is going to make, not the little bit of the trend he has missed!

The best breakouts include numerous tests before the break occurs. The more times the level has been tested the better the odds of the breakout being a good one. Be patient and selective when trading breakouts and look for areas other traders and the news feels are important. I like to look for at least 4 tests before looking to trade a potential breakout.

Breakout trading is one of the easiest ways to make big profits, not many novice traders use this method but don’t let that bother you, most novices lose money! If you want to win, trade with the pros and trade breakouts for bigger Forex profits.

Is Forex Swing Trading Easy and Profitable?

Posted in Forex Trading Strategies by intelligentforex on January 10, 2010

Currency trading success can be achieved through a strategy of forex trading, namely: the forex swing trading, which is comparatively easy to learn and simple to implement, as such it is recommended for newbie and novice traders who desire to try their luck through this trade.

Swing trading is a type of forex trade where the trader tries to take advantage of the swing or fluctuation of price of a currency over a period of time. The trader may hold a currency for several days or even weeks depending on the circumstances of the trading market before he actually sells it or exchanges it with some other currency to make his profit. However, like any other trade the forex swing trade must be done with a proper planning which would identify the goal and the process for achieving that goal.

Good strategy points out very clearly the time of entry into the trade and the exit from it. It also indicates all those measures which would help to reduce the risk to the minimum possible so as to reduce and control any possible loss.

In order to decide the timings for entry and exit and to control losses traders usually depend on signals which indicate the various trends of the forex market. They predict the future fluctuations of the currency values. An understanding of these signals is essential in order to achieve success in any forex trade. Some traders vigilantly observe the political, economic and social conditions of the major countries of the world for even a minor change in the above mentioned circumstances of any country greatly affects the value of the currency of that country.

Trading strategies must have strict rules to follow. Signals define the rules of the entry and exit of the trader into and out of the trade.

It is said that forex trade mainly depends on speculation and guess work it is not wise to think that it is a wild guess, for guess work of a successful forex trader is always based on defined rules.

Besides following the set of rules the forex trader must exercise a complete control over his emotions. It is observed that many traders suffer losses because the traders become nervous and panicky in a given situation and they seek exit from the trade at a wrong moment.

Thus, a proper mind set, money management, observance of signals and adherence to rules is necessary to achieve success in forex swing trade.

How to Develop Good Forex Trading Strategy?

Posted in Forex Trading Strategies by intelligentforex on January 10, 2010

Numbers of participants in Forex market is increasing day by day, but it is very difficult to win without any trading strategies. Good trading strategies are very important, if you want to earn good profits in Forex. A bad trading plan or no plan at all will lead you towards loss only. Many new traders lost their money just because they failed to develop good trading approaches. Every trader makes mistakes, but the important thing is to learn from them and not to repeat them in the future. Here are few steps which will help you to develop good Forex trading strategies.

If you are a new comer in the world of Forex trading and have no experience of Forex, do not develop experimental strategies, you might lose your money. Try to get advice of some trading experts, many trading agencies offer online services in this regard.

Secondly, apply the strategy after systematic study and research. Try to know that – does it really work? To be on the safe side, try it in demo accounts. Many Forex brokers offer demo accounts facilities for free, so it is easy for you to check the validity of your plan.

Next comes the implementation, which is possible in real accounts only. Create your real account and apply your strategy, but trade that amount of profit which you are ready to lose, as risk factor is always involved in Forex Trading.

Theses few tips will help you to develop a good trading plan. Remember; change your trading strategies according to changing conditions of the market. A stable market demands different strategies, where as in a volatile market you have to apply some other strategies, so analyze the market and plan your trade accordingly.

Developing logical strategies always help in earning good profits. Good trading software can also help you in making good trading decisions but condition is to find the right Forex software. Trying different strategies at different times help in making good profit but one should have good analytical ability and courage to take right decisions at right time.

Simple Forex Trading Strategy

Posted in Forex Trading Strategies by intelligentforex on January 7, 2010
Tags: , , ,

forex-strategyIf you are looking for a simple Forex trading strategy which works you will like the one enclosed which is the choice of the professional trader yet, very few new traders use it but don’t let that concern you to much most traders lose money. Let’s look at this powerful Forex trading strategy and show you how and why it works.

The aim of any Forex trading system is to get the odds on your side and trade high odds set ups and our strategy does just that, as it will get you in on all the biggest trends and profits. If you look at any Forex graph, you will see long term trends but do you know, how they all start and continue?

All the biggest bullish market trends, start by breaking out to new chart highs and as the trend evolves, the currency continue to break through to new market highs. Look at any currency pair you like and you will see this is true – so the way to trade with the odds on your side and get in on the best trends, is to trade high odds breakouts.

So why do most traders simply not do this?

The problem most traders have is they don’t understand that Forex markets cannot be predicted but they try and predict in advance where a currency may go and this leads to disaster. They want to get in at the low, so they try and buy into support. The problem with this method is – they are hoping the support level will hold and that is not a great way to make money in Forex! As the old traders saying goes:

“A bottom picker becomes a cotton picker” and these traders all end up wiping themselves out.

The smart trader doesn’t predict, he waits for confirmation via a breakout above resistance; he simply takes the trading signal on the break, as a new high is made and he is then in a trade with the odds on his side; if the breakout is a good one there will be triple digit profits ahead and that’s what all traders want to achieve! So what is the definition of a good breakout?

A good breakout is one, where resistance has been tested and held a few times in the past and held. You should look for a lot of tests and in time frames, that are at least a few weeks or longer apart. The more times the resistance level has been tested and the wider the tests are spaced apart in terms of time, the higher the odds are and of a trend developing in the direction of the break.

Once the level gives way, stops are triggered and fresh buying comes in which sees the currency move, with accelerated momentum away from the breakout point.

This strategy is simple, you can use just look at levels of resistance and add a few momentum indicators, if you wish to help time your trades better and you then have a simple Forex trading strategy which can make you huge gains. All the best strategies are simple and robust and breakout trading, is a very powerful method, anyone can use to seek long term Forex trading success.

Forex Trading Strategies – Your Tool to Success

Posted in Forex Trading Strategies by intelligentforex on January 5, 2010
Tags: , , ,

forex_strategyForeign exchange is truly a competitive world. To beĀ  successful in this field is to be armed with tried and tested Forex trading strategies. Even though so many Forex system claims that their program will make anyone millionaire overnight, it is better to learn your way and find one that is really working.

Before entering the Forex market, it is advisable to create a list of Forex tactics that are based on facts and proven by research. Do not be tempted by Forex systems that make promises of huge earnings within a small period of time. It might be intriguing to try this kind of software but being careless will only make you suffer.

Engaging in the Forex market is a learning process. Failures will always be a part of this world but with the correct Forex trading strategies failures will be lessen. No system can promise you a hundred percent failure-free path but the more information you gather, the more chance you will achieve success in a period of time. Although Forex software is created to make your trading experience pleasurable, it will still be useless if wrongly applied. Thus, developing a Forex trading plan is really a must. Here are some factors you might want to consider in creating your own Forex strategies.

The forex market is an ever changing world therefore it is also a fact that there will never be a perfect and permanent plan. Forex methods should always be evolved and adjustments are needed to be able to adapt to the constant changing market.

Set your goals. Determine the amount you are willing to invest and if you are going to be a buyer or seller. Better to be decided before doing business. Know your limits. Establishing limitations is a smart move in any business. If you know how to enter in the Forex world, also learn how to exit. Evaluate situations if you should continue or stop trading.

In any business, patience is considered a virtue. Note that Forex market is a lengthy operation. Work hard in order to gain success. Finally, gather knowledge as much as you can. There are so many free sources of information such as forums, books and online web sites that anyone can avail. Bear in mind that the Forex trading strategies you apply in this market will determine your success or failure. Do everything you can to have leverage.