Forex trading provides an amazing opportunity for everyone to make profit by online investment. However, it is very challenging to make consistent profit by Forex trading in a long term. The beginner in the Forex market often needs a Forex book to learn the basics and methodologies about Forex trading. As the beginner becomes an experienced trader, he/she still need to read more Forex books to effectively evaluate and improve Read more…
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The given chapter is dedicated to the problem of Moving Averages (MA). It is one of the principal indices at Forex. In their book “Computer analysis of future markets”, Ch. Lebo and D. Douglas state that the greatest sums of real money are earned by making use exactly of the MA index. Even taken together, all other technical indices are less helpful. This is true. However, Ch. Lebo and D. Read more…
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Support and resistance are the known cornerstones in Forex technical, wherein:
1. a current Forex rate (CFR) is surrounded by levels of:
a). resistance being superior to CFR;
b). support being inferior to CFR.
2. a level breakthrough triggers a leap to a consecutive support/resistance;
3. a false breakthrough is responsible for a rate backstroke (say, from resistance to support).
Thus, having data on resistance and support levels and being armed with R/S true/false criteria, a Read more…
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See beginning of this article under name “Where to look for trends at Forex , or the faultless gaining of profit by a trader. (Part I)”
You try to set up hypotheses of your own. If the market confirms them, you can use such hypotheses as the foundation of your practical work – otherwise, you are not obliged to apply the incorrect theory.
General conclusion
The traditional approach is of no use to Read more…
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Any trader must develop a trading system of his own. I is the principal condition for the regular and stably-profitable work at Forex. Every successful trader whom I know does hold this opinion. That is, such system must clearly and impartially indicate points of the entrance into the market and the exit from it. The lack of a systematic method results in the loss of the trader’s deposit. The work Read more…
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“Trading chaos”: B. Williams’s contribution and the reasons why millions of traders all over the world lose their deposits when they work according to the techniques of this author.
The book “Trading Chaos” by B. Williams is the classical edition that deals with giving the technical analysis to Forex. It is of a great interest not only to me but also to millions of B. Williams’s admirers all over the world. Read more…
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The delusion conceptually propounds that traders operate at a spontaneous FOREX market (as stipulated by B. Williams, A. Elder, E. Nayman, etc.). But it is not the case. Traders do their job inside a well-organized and controlled currency exchange market, governed by the Consortium of the world’s largest banks.
Hence, who is pushing the currencies up and down, who defines trends, corrective actions and flats?
And, who, ultimately, places a trend at Read more…
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(See beginning of this article under name Forex Secrets – Developing the “anti-chaos” trading strategy and tactics at Forex market (Part I)
It is horrible to imagine what could happen to USD rate at the spontaneous market in this case. At the controllable market of Forex USD rate would fall down just by 1-2%.
I hope that my opponents, who deny the existence of a system controlling Forex market, do remember the Read more…
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(See beginning of this article under name Forex Secret. Forex Literature As A 90-95% Of The Traders Loose Their Deposit. (Part I)
B. Williams quotes 5 bullets killing a trend, whereas I exemplify their insufficiency and I add up 11 more thereto, not denying the above 5 of them.
B. Williams idealizes the Elliott wave theory, whereas I show that the combination of fives and threes is none the idealizable, otherwise a Read more…
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This delusion globally entails identical aftermaths: 90-95% of traders turn steady to loose their deposits having studied books by Bill Williams, Alexander Elder, Thomas Demark, J. Schwager, et al.
Following the burn down of their first deposit trader’s plunge themselves again into scrutinizing Forex scholars, in this manner suffering losses of the second, the third and subsequent deposit. I will hereinafter try to elucidate where from the above regularity grows, so Read more…
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