8 Tips To Improve Your Forex Trading By 100% Now

Most traders don't take a rational approach to trading and have unrealistic goals. A return of 200% on your account is possible but it is not possible every month, a return of 10-15% every month is more realistic and possible.

Here are 10 tips that will improve your trading by 100% and help you reach that level of consistence you are looking for.

1. Do not trade on anything lower than 4H charts.
If you are new to trading or loosing consistently you must follow this rule, it will keep your trading account alive and growing. The higher the time frame the easier it is to make money, you can easily grow your account by 10-15% each month only taking 2-4 trades a month.

2. Only take the A trades.
Be Patient, the markets will be around longer than you, plan your trades and wait for the perfect setups then pull the trigger with out hesitation.

3. Never risk more than 3% of you account.
No mater if your stop is 150 pips or 30 pips your risk should be exactly the same, most brokers allow micro lots (.10c) which make it easy to get the correct position size.

4. Keep your system very simple.
My core system's are very simple and and very profitable! You do not need to have 10 indicators pointing in the same direction to take a trade.

5. Back test your system.
Candle by candle back testing your system will give you great feeling of confidence in you trading.

6. Use price action.
Although there is nothing wrong with indicators try to keep them to a minimum, start learning how to read price action, it will reward you greatly.

7. Don't over trade.
This is the most common problem with traders, 95% of traders would be more profitable if they just took 1 trade a month and no more, this would force them to plan that trade with immense forethought and more often than not it would be profitable.

8. Cut your losses short and add to your winners.
This has been said time and time again, but how many of you actually do this? Your wins should be at least twice the size of you losses, preferably three times the size. Start trying to build on profitable positions instead of taking profit as soon as it appears.

If you are a newbie looking to get into the forex market or even a trader who just cant seem to stay consistently profitable. Following these rules will get you on the right track, stay with the higher time frames and you will find your trading more profitable and less stress.

Simple Tips for Bigger Fx Profits

This article is all about using technical analysis the RIGHT way - and using Forex charts to make big consistent profits.

Here we are going to look at some proven ways of analyzing forex charts and some great indicators.

You can then use them to generate trading signals, to zero in on the low risk high profit opportunities all traders want.

1. Trend Lines

You need to start and learn to draw basic trend lines to spot opportunities, it may sound old fashioned but it’s the best way to spot trends.

2. Support and Resistance

The basis of most of the top trading systems.

Support and resistance is simply defined as levels where prices move to and then reverse.

In a rising market prices rise to resistance levels and fall while the exact opposite occurs in a bear market.

When prices break above or below significant support or resistance, a good trending move could be on the way - especially if the resistance or support is valid.

So how do you know if support or resistance is valid?

Look for lots tests - and look for how many different time periods tests have occurred in - by looking back at your Forex charts and also the distance in time between them.

3. Breakouts

If prices break through important support or resistance, then the odds are that the supply and demand position is changing and a new trend will develop.
Trading with breakouts, and trading in the direction of the break is profitable but most traders can’t do it.

Why?

Because most traders like to buy low and sell high.

They wait for a pullback to buy at a better price - and it doesn’t come and the move is missed.

Most major currency trends start from new market highs - NOT market lows.

To catch the trend you need to go with the break and forget about buying low, however not every breakout will work but how do you spot the ones that do?

You need to watch price changes in terms of momentum and volatility.

Volatility Changes

Volatility is a term used to describe the magnitude, or size, of day-to-day price fluctuations - regardless of their direction.

Generally, changes in volatility give clues to changes in price. A breakout that is accompanied by high volatility, is the ideal set up.

An indicator you should look at to determine volatility is the Bollinger band.
Bollinger bands can also help you identify support, resistance and targets for the move and are an essential indicator.

Price Momentum

Momentum is a general term used to describe the speed at which prices move over given time-periods. Momentum indicators can therefore determine the strength or weakness of a trend by looking at shifts in price momentum.

If price momentum increases on a break, then the odds are that the break will continue and a new trend will develop.

There are two good indicators for looking at changes in momentum:

The Stochastic and Relative Strength Index (RSI).

There is not enough room here to go into how they work simply see our other articles or look them up on the net, both give a highly visual picture of changes in price momentum and are easy to use.

Finally

If you can draw trend lines, spot breakouts and use volatility and momentum indicators that we have outlined above you could soon be on your way to making big consistent profits with your forex charts.

Forex Charts - Novice Trading Mistakes

Using Forex charts is like being a ships captain at sea: Your charts can help you navigate successfully to port or you can hit the rocks and drown - the choice is yours.

It’s the same with forex charts 95% of users drown – Let’s look at common errors that novice traders make and how to avoid them.

1. Predicting Price

No one can predict price movement and if you do - you are simply hoping levels will hold.

Do this and you will be wiped out quickly the market wont reward you for hoping or guessing.

If you want to win, act on the reality and that means - trading with price momentum AFTER a test of the level you are looking at.

Trade with momentum on your side and you are trading a fact and your odds of success are increased dramatically.

If you don’t use momentum indicators in your forex technical analysis learn what they are quickly.

2. Indicators Chosen and Misuse Of Them

A common error is to use lagging indicators to enter trades such as moving averages – This really leads on from the above: A

Always use momentum indicators to enter trades and only use lagging indicators to determine levels of support and resistance.

Many indicators traders use are useless good examples are:

Fibonacci levels and cycles - they again involve prediction and simply help wipe out equity.

3. Trading Invalid Data

Day traders are the worst offenders here. They are picking a short time frame where volatility is random they can’t calculate the odds - so they lose.

4. Systems that are to complicated

Some people devise very clever systems and lose.

Fact is - in forex trading you get your reward for being right – NOT Being clever.

Simple systems are best - as they are more robust and have fewer elements to break.

5. Not understanding volatility

Do you know what standard deviation of price is? If you don’t learn it backwards as this will help you determine everything from stop levels to targets for your trades and help you stay in winning trades longer and get better money management.

6. Your edge

Ask yourself this question:

What is your trading edge which will see you win when 95% of traders lose?

If you don’t know what it is – then find out or do more work on your forex trading strategy!

If you don’t know what your edge is kiss goodbye to your equity.

7. Following a method

Many traders have perfectly good methods but simply don’t have the discipline to follow them – if you dont have discipline you have no method in the first place.

If you want to enjoy currency trading success don’t make the mistakes above or you will lose.

Finally, there are a lot of vendors on the net promising you untold riches from their currency trading systems, for just a few hundred dollars – its not that easy so don’t buy them.

Trading is hard, but for the forex trader prepared to put in the work, the rewards can be immense.

Do your homework, be realistic and you could soon be making big returns from forex charts and executing some great trading signals for big profits.

Good luck!

Amazing Diet Secret - Natural Appetite Suppressant

The worst thing that you can have while on a diet is sudden and profound hunger pains.

Here is an amazing diet secret, direct from the Aryu Veda.

The Aryu Veda is the oldest medical book in existence, written thousands of years ago in ancient India.

There are some foods, which eaten in combination will naturally suppress your appetite. The trick is so easy, and works so well, that you will wonder why everyone does not know it.

The Human Appestat

We all have a sort of switch in our brains that tell us to stop eating. Many obese people have defective switches (call the appestat).

Most of us have good working appestats, but our bodies still crave food, against our basic natures.

Eating Cycles

Many doctors and dieticians advise on eating smaller meals but more frequent that three times daily.

After eating only a small meal, and waiting for the chemical and physical reactions to hit the brain and activate the appestat, we stop feeling hungry.

If you are dieting or even not dieting, try the 5 small meals a day plan anyway. It's very good for your health and your stomach is not obliged to digest a massive meal. You will feel better for it.

Sudden Hunger Pains

We all have them, and when we do, we often reach for some convenience foods. This is the worst thing that can be done for a diet.

If you are hungry you must eat a fruit or something that will not add calories and fats to your diet. The obvious bad choice is chocolate candy. Nothing could be worse for a diet/

The Natural Appetite Suppressant

If you take a few (no more than 10) raw peanuts, and eat each one slowly, downing it with a few sips of hot coffee, you will have added only 30 calories to your diet, but you will see your hunger pains completely disappear for more than 3 hours. It works every time.

You must however wait 10 minutes after you finish before the hunger pains leave you.

Hunger pains, like most natural sensations come slowly and leave slowly, so don't expect an instant disappearance.

After you eat the nuts and drink the coffee, so something to entertain your mind and body.

Walk and window shop, or if you are in the office, do some stair climbing on the stairwell. Just pass your 10 minutes without thinking about food or how hungry you are (and soon to be 'were').

With your hunger gone, go about your business and if you are on the 5 meal a day plan, enjoy a small but tasty meal at your next opportunity

the Secret of Building Huge Profits Quickly

The secret of how to make big profits with online FOREX trading is staring traders in the face - but most traders don’t see it. The secret is ...

Ignore the usual advice you are given, on how to make money in online FOREX trading - and do the opposite!

Read each myth outlined below - which are touted as the great ways to make money on the FOREX – then, when you know what’s false, read the truth in the “Reality” that follows each myth.

Myth 1: Day Trading Makes you Money

No, it doesn’t - and it’s obvious why.

Daily movements are totally random - and by the time you throw in commission, and slippage, you’re guaranteed to lose money.

This myth is perpetrated by brokers, and vendors on commission kickbacks - that’s why it’s such a common myth. Remember you lose they win – period.

Reality - the way to make money in online FOREX trading is to follow the longer-term trend.

The big currency trends last for months, or years – so lock into them, and pile up huge profits.

Myth 2: You can Buy Success - by Following a Guru or Tip Sheet.

For just a few hundred dollars, you can learn systems that trade with 90% accuracy or more. – Yeah, right. If that’s the case, why don’t the vendors and gurus simply keep quite, and make money for themselves? Answer - because they can’t - it’s all sales hype.

Reality - if you want to make huge profits by FOREX trading, the reality is - no one can give you success - you need to take responsibility, and do it for yourself. All the great traders do this - and you must too.

Myth 3: There is a Safe Way to Trade Currencies

Most traders don’t like risk - they believe people that say that you can trade “safely”.

Traders try and follow scientific theories - and believe it when told, that they only need to risk a few hundred dollars, to make thousands.

Reality - online FOREX Trading involves risk - pure and simple. If you don’t want to take risks, put your money in the bank, and earn interest.

If you want to make money, be selective on the trades you make - and have confidence in your own judgement.

If you take calculated risks on trades with good odds, you will pile up huge profits.

Myth 4: Buy Out of the Money Options for Leverage

In FOREX trading, options give you unlimited profit potential with limited risk - so brokers tell you to buy out of the money, cheap options with little time value. These options give you greater leverage - and you can then make huge profits, when your option trades “in the money”

Reality - out of the money options, with large time decay, are cheap - because the odds of them trading in the money are small.

In FOREX trading, this is the same as backing the outsider in a horse race - of course, you can be lucky, but over time, you lose.

Buy in the money options, with lots of time value. You won’t make as much per trade, but you will make huge profits over time - and your odds of success are far better.

Myth 5: Timing the Entry to a Trade is Crucial

Many brokers and gurus say you need to be in, ahead of the move - and predict the market tops and bottoms. You will then get all the profit from the move.

Reality - trying to pick tops and bottoms is a mugs game - wait for confirmation, and then catch the trend as it gets underway. Sure, you’ll miss the absolute top and bottom, but no one can pick those anyway - so don’t even try. If you get even 70% of the big moves in FOREX trading you’ll make huge profits. Read articles on breakout systems, for more information on how to do this.

Step Away from the Crowd

As you can see, the way to make money in online FOREX trading is to step away from the 90% of traders who lose money - and join the elite 10%, who make the big profits from the big moves.

Ignore the conventional wisdom, and understand the reality - and get rich!