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Here you will get a free signals for four pairs
Eur/Usd Usd/Chf Gbp/Usd Usd/Jpy
signals is one time a day at 9 am
here http://freesignalsonline.blogspot.com
Blog > Archive for Sep 22, 2011
Archive for Sep 22, 2011
- By eToro
-
Postado Thursday, September 22, 2011
at 5:57 PM
Though there were not many reports with regards to Dollar yesterday therefore it showed mixed response. It got stronger with few currencies and vice –versa. EUR strengthen against all major currency reason being Greek Parliament approved austerity measures which came as sigh of relief for European Union. The next level to look at EUR / USD pair is 1.4350. If this pair breaks this point then one can expect it to reach 1.4450.
The support level for various other pairs would be USD / JYP would be 80.45, GBP / USD 1.5905 and EUR / JYP 114.01 likewise resistance would be USD / JYP 81.10, GBP / USD 1.6000 and EUR / JYP 115.90. If the above support or resistance level is broken / crossed there is a possibility of making 20 pips on each pair.
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It is now confirmed that Emotions rule while making a decision in Forex trading over logic. Emotions otherwise related to feelings comprises of experiences having set of expression such as love, anger, happiness, sadness, fear, pain, misery, etc. Emotions are definite reactions to a particular incident that are typically for short period.
Mostly the flow of emotion to a particular situation is more out of past experience. For example in a sight of loss someone would take it easy if in past a trade was recovered and went in a profit as compared to someone whose losses couldn’t recover. Therefore the response to same situation could have a different emotions and feelings. One could react as if its normal and part and parcel of trading a trade having a loss which can / maybe recovered and other could feel let down based on past experience where funds were lost feel. There are high chances of people taking different decision to a same situation and what rules here is emotions.
One major emotion which tops my list based out of research is “Fear of Loss” or else universal known as “Fear of Failure”. This emotion is been ruling majority of the world not only in Forex trading but in day to day life when it comes to financial matters. It’s been deep rooted in sub-concisions mind wherein people generally are not conscious to it. The biggest irony is: majority of people don’t know this emotion is ruling them day in and day out every minute and every second.
One of the effective ways to overcome or rather control your emotions in Forex trading is by identifying one proven strategy which is consistently giving profits. Caution: No strategy in the world would give you 100% results; the point here is to identify a strategy which has 80% success rate. The strategy should always be implemented on a demo account at-least for two months to understand success rate. Never draw a conclusion by only trying out for few weeks; reason being is two months consistent profits generally would take into account lot of factors of the market such as fundamental, market trend, etc. This would help to understand how effective the strategy is during different scenario. Remember once an effective strategy is identified there are strong chances it would last forever or to a longer extent which would fill in your equity balance tremendously.
Forex-review
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Getting started in forex trading
Starting out in currency trading is not something that you just jump into one day and there is automatic success. You will find that there are many different factors that need to be understood before you go live on the market and start trading currencies and creating your own forex strategies.
This is a market that is open 24 hours a day and five days a week. There is just under two-trillion dollars that are traded through the forex market on a daily basis, which can be somewhat intimidating, but doing your homework will pave a much easier road to your success.
Taking the steps before you start your forex trading
These steps involve learning and understanding everything that you can about the market. They also involve understanding different forex strategies that others have used and recommend in order to determine the strategy that would work best for your situation. Everyone has different goals and limits when they are trading on the market. You should have a good grasp on what you want to accomplish so that you can create a strategy that will turn that plan into success and profit.
Learning and studying is the key to success
A major component of forex trading and forex strategies is simply the research that you gather. The more that you know about the market and how it works, the better you will be able to maneuver your way to the result that you want. The market is a very complicated system and there is not one trader that knows it all. There are constant changes, which create constant education that needs to be acquired. There are many different resources that are available for anyone to gather this information such as this foreign exchange web site. The Internet is a great place to enroll in online classes, to read through many articles about forex trading, and to review the steps that others have taken to create their own strategies.
Making sure that you know your goals as well as your limits
Since the forex system is such an elaborate market, if you do not understand the consequences of your actions, you could really take a hit to the pocket book and lose a lot of money. This system is built on the selling and buying of currency.
You have to know exactly what you are willing to spend to reach your goals as well as knowing when you have reached your limit and need to stop. Knowing the basics of the FX market by purchasing one currency while selling another currency will help you to determine exactly how far you can go. You can then develop your own forex strategies that will have concrete stop and go points no matter how the market is fluctuating.
Try out forex system software to give yourself a helping hand
You will find that there are many different types of tools that are available for people who are trying their hand at the forex trading system. Many newcomers and even veterans use forex trading software to help them learn the system as well as help them run their forex strategies when they are unable to. Forex software programs are like robots that adhere to the information that you enter. It will make trades depending on the criteria that you have given and will work at the market on your behalf. You can learn a lot from these programs because you can review the trades that were made and the reasoning behind those trades.
Starting out with using demo accounts before applying your forex strategies
It is a very smart idea to start with a demo account when you are first trying to work at one of the forex strategies that you have created. Not all strategies that are thought out work with forex trading, and it is better to find this out in a demo account where you will not lose your money.
It is recommended that you work with these forex demo accounts at least two to three months before you even think about putting real money to the test. You need to be very proficient in using the software that you have chosen as well as the whole trading process that will take place.
Living by the most important factor in forex trading: Be patient
Patience is a very hard feat to overcome especially when you want to reach a goal in your financial stats. However, if you remember the old saying, Good Things Come To Those Who Wait, you will find out that this saying is extremely important when it comes to the currency trading on the market. Your forex strategies that you have created need time to work themselves into the process of trading. The market is ever changing. You might find that your strategy will not work on the first few attempts or months of attempts until you hit the jackpot all because you decided to wait it out. Patience could be your best friend in helping you to reach the financial goals that you have set out for yourself as well as the success that you have worked very hard towards with the help of your forex strategies.
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Forex Review-Forex Trading--Learn Forex--Forex trading with eToro -
Forex software I have been trading in FX for most of the last decade. In that time I have seen many traders come and go, and also gained a lot of experience. One of the key things that I have learned is that you can succeed in Forex if you have 2 things. The first is a good trading strategy, that you stick to with discipline. The second is an excellent broker. The reason that I have written this eToro review, is to help traders make a proper decision as to whether eToro is an excellent broker and whether it will be right for them. There are 5 key areas that need to be looked at when choosing a broker and they are how I have structured this eToro review 1. Low Minimum Account Opening and Trading Amounts. eToro offer traders the opportunity to trade their practice accounts for free. This is very important if you are new to Forex, or you would like to develop confidence and new trading strategies. Traders can start trading live with just and progress up from there. 2. Low spreads. This means effectively, how much it will cost to trade. If you are trading frequently the spread will soon start adding up, which is why it needs to be as low as possible. With eToro the spread goes down to just 2 pips on the EUR/USD pair, which is extremely good. 3.Instant Execution Of Orders. This is vitally important some Brokers will re-quote meaning that you …
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Forex-review-Forex-trading-learn-Forex Trading with eTORO
www.etoro.com eToro is an innovative software that has taken the complex world of forex trading and made it user friendly. Countless online forex providers supply their traders with platforms that are bulky and uncomfortable to use. You’ll find yourself spending more time trying to figure out how to set up a simple trade than analyzing the market and deciding what your next trade will be. Using a ground breaking interface, the eToro platform puts all the forex tools your heart desires right at your fingertips. eToro is about providing the ultimate forex trading environment for all traders. Here you will not only find a phenomenal array of forex trading tools but also live streaming news, financial event calendars and an unlimited practice mode with live forex rates for you to test out trading arenas before applying them with real money. eToro also combines forex trading with a web 2.0 community centered approach. eToro have created a thriving forex community around public and private chats and forums, that enables you to discuss forex with peers from around the globe, and you can even monitor the most popular pairs traded by eToros top 100 ranked traders, and utilize their experience to your advantage ! www.etoro.com
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