Trading Plan on Forex

Trading Plan on Forex , Why Have A Plan (Trading Plan)?. You may have learned so much and have learned so far with your education, and still you still haven't graduated high school. No, you are not stupid, but you do not have a trading plan.


The bottom line is You can fill your brain with so much information, but without a good trade planning and the discipline to follow it, You will never succeed.


Suppose Your trading plan as a map to success. The success of the plan will be a constant reminder of how you will make money in this market. Of course, such a plan is not required, and if you can make your life with trading without a plan, we're going to bend down and worship You as a god Zeus Forex market.


So you can trade without a plan if it wants you, but before you make that decision, let us give you a little reason why you must have a Trading plan or Plan.

Why Have Plans Of Trade (Trading Plan)

Reason 1: the trade Plan maintain You in the right direction

Consistency is very important for dimilikidi in ruinitas your trade because the consistency allows you to truly measure how successful you are as a pedaganag. If you have a trading system sounds but you always break the rules, how can you really know how good your system? Your trading plan will keep You to still point to the target. Read it every day and follow the rules.

Reason 2: trading is a business and a successful business ALWAYS has a plan

I have never seen a successful business without starting with a plan. Do You honestly think that Wal-Mart just created with action and then magically be successful? Or how about McDonalds? I'm sure almost all oarang could make a more delicious hamburgers than McDonalds, but the difference between them and the individuals is they have a successful business plan which guides them to success.

In the same way, you can link the story of McDonalds with Your trading career. Whether it's by luck or experience, anyone can make money in forex. However, the difference between a trader who loses with a successful pedgang is his PLAN. If you have a good trading plan and you enough discipline to follow it, you will succeed!


Now you know why you are required to have a trading plan. Let's see what form a trade rencanan ...

What should Trade in the plan?

The trade plan can be simple or complex as you want, but the most important thing is that you actually HAVE a plan and you follow the plan. Thus, the following are some important things to be owned by each plan.

1. Trade System

This is the core of Your trading plan. This system should be one which should be tested again thoroughly, and have been used to trade for at least two months on a demo account.

Including all the important information about your system, such as: the time frame that you are running, the criteria for entry and exit, how much your risk on each trade, which currency pair You are trading and how much lot You trade.


Example: I was an intra-day trader and I traded with 10-minute charts. I entered at the moment there is a moving average cross and all the indicators I favor him. I just traded currency pair EUR/USD and I are at risk of not more than 2% of my account on each trade. For now, I trade mini lots 5 and will increase the size of my lot in accordance with rule 2% money management I.

2. Your trademark Routines

This is a very important part of your plans because these routines will decide three important things: when you will analyze the market and plan your trades, when you'll really see a market for trade, and when You will evaluate Your actions on the day of your trading.

3. Your mindset

Just ask every trader out there and they will tell you that the one thing that most heavy to do is bring Your emotion when trading of such trade. On the part of your trading plan this will explain what a frame of your thinking when you trade.

Example:

I'll see what's on the Charts and not what I want to see.
No matter how I usually towards a direction, I would make sure to trade just what my eyes see and not based on what the word feeling.
I'm not going to "revenge" to the market if I lose in trade.
I'm not going to hit myself if I lose in trade. In addition, I will take the defeat as a learning experience and continue to trade.

4. Your weaknesses

Yes, we all have weaknesses. We just don't like to talk about it. But to just ask yourself, "How would you get to be better, if you're not doing what you should be doing anyway?" This section will become the destination in order to stay on track with regard to the things that you need to do to become a better trader.

Example:

I tend to trade excessively. Whenever I lost my position, I am outraged and immediately attempted to "revenge" on the market.
I tend to kaluar earlier in the trade
I don't abide by my system at any time
I don't keep my money any time management

5. Your goals

"To make a lot of money" is not a good goal. Sit down and really think about what you want to achieve as a merchant. You want to trade as a livelihood? How much profit can you expect realistically from trading based on your knowledge and experience? Your goal is not necessarily a matter of making money. You might want to be more disciplined or gain the confidence. Those goals could be with personal reasons. What you want on this subject? Use those goals as your motivation at times difficult. These goals will become your vision and you should always focus Your eyes to view the prize!

6. Your trading Journal

This can be a valuable tool to help you become a better trader. Pastika you do all Your poerdagangan and why you do it. Then took to the streets then you can look back and evaluate your trade see the progress you have achieved. I have seen back to back on my trade journal and have seen how I've grown as a pedangang. My first entry is very basic and I have forward, trade me mean a lot to me now. I have gained a lot of confidence through my career and with a look back to back in my trade, I really felt able to evaluate myself and see if I am getting closer to my goal. This tool will help you tremendously in the long run, so take a moment each day and make a note of your trade. You will be happy because it managed to do so.

Summary

Plan Your trade will be a "Holy Book" your trade.

Read daily and adhere to.

You can get the whole trading vessels in the world, but if you don't have a plan about how you use it, you will never succeed. Remember, you are initiating a business, and if you want your business to succeed, you must have a Trading plan or Plan is right!

Know The Components Of The Price Movement In Forex Trading

Know The Components Of The Price Movement In Forex Trading, Understand the components of the price movement in Forex Trading – your decision to wrest the world trading course should be based on faith and commitment. Not all people who get into forex trading managed to become a successful trader. To this end, from awalanda should've prepared everything needed to get started and develop your trading you do.

Understand Price Movement In Forex Trading

One of the things important in forex trading must andalakukan is having a fundamental understanding toward trading. One of the many basic understanding in forex trading is to understand price movement. Understanding of this price is important to you because as a trader, understanding the price movement will help you in taking a position.

Some of you may think this is less important given the money or capital used in trading belongs to you personally. However, you need to remember that forex trading is actually had the same position with the business in General. Therefore before making a decision, you need to have a rational consideration. Understand price movement in forex trading will help you in taking decisions appropriately and rational.

For fundamental traders, understanding price movements can be done by monitoring the various news and early predictions about the market reaction against the news itself. As for the technical trader, understanding the movement of prices in forex trading would refer to the historical data. This happens because the technical trader have basic belief that everything happens on the basis of the events of the past and history always repeats.

The Components Of The Price Movement In Forex Trading

Well, after reviewing about a fundamental understanding especially about price movements and also how traders understand it. Now we will go into the next discussion regarding the components of the price movement in forex trading. For a trader, particularly technical trader there are several components of the price movement in forex trading that must be considered, namely:

1. The Components Of The Price Movement In Forex Trading – Trend

One of the components of the price movement in forex trading is the trend. The trend is the tendency of prices to move in one direction. You can use indicator Parabolic SAR or Moving Average to read the trend.

2. The Components Of The Price Movement In Forex Trading – Volatility

Well, the next price movement component is volatility. For the components of the price movement on this one, you should look at the magnitude of the fluctuations are periodic. Some indicators that you can use for the volatility is the MACD, RSI and others.

3. The Components Of The Price Movement In Forex Trading – Momentum

As for momentum, you should pay attention to the level of acceleration and deceleration rates in forex trading. Same with volatility, you can use the MACD and RSI to know momentum in forex trading.

4. The Components Of The Price Movement In Forex Trading – Cycle

You should pay attention to cycles, to see the trend of prices move in a specific cycle patterns with a recurring trend conditions. To help you keep an eye on the price movement of components i.e. cycles, you can use the Fibonacci or pivot.

5. The Components Of The Price Movement In Forex Trading – Market Forces

On the component market power, you will see the number of transactions that support these movements. One of the methods that you can use to find out the strength of the market is to look directly at candlestick.

6. The components of the price movement in Forex Trading – Support and Resistence

Support and resistence to help you know the ups and downs of the price trend to a certain extent in repeatedly. Same is the case with the cycle, you can use Fibonacci pivot or to know the level of support and resistence in forex trading.

From the above explanation, it is clear to see that everything is already there in front of your eyes and you live look and offer it. Select and understand the indicators above before you take a decision in forex trading.

An Example Of The Practice Of Getting Money From Forex Trading

Let's do the simulation with the currency pair GBP/USD (pounds sterling and u.s. dollars).

One time, the GBP/USD showing the bid price and the ask price 1.2800 1.2804. If the time you estimate the value of GBP will strengthen/up, then you take a position BUY EUR/USD at 1.2804. After some time, the price will change. Could move up, could also move down.

From 1 forex trading transactions, profit is: 1.2820-1.2804 = 16 Pip (Pip is the smallest price movement is possible in currencies).

Well, now the question is, what if it turns out that the price of GBP/USD moving toward a different, or not in accordance with Your estimate?

For example GBP/USD turned out even down to the number as listed on the box scenario 2. If you do CLOSE (Sell) in this position, means: 1.2770-1.2804 =-34 Pips (you lose 34 Pips).

Her, in forex trading, when You do this CLOSE, depending on the analysis and it is up to you. What is the estimated GBP/USD will continue to fall? If so, then it should Close now to minimize the losses. Or are you sure GBP/USD will be back up? If so, please Close it now, wait for the price climb back to profit.

Simple, isn't it!?

PIP you get here is an advantage for you. It's just that, to turn its advantage in the form of pip became money, necessary calculations again.

Calculate Forex Trading Profits
PIP will be how much money/dollar, depending on the number of lots and the large contracts that you use.

Number of lots is the Volume of transactions that you enter on the form order when the open position trading forex. While the big contracts are usually attached within the account type that you selected when opening accounts at forex broker.

Generally, there are three types of contract:
Contract standard: 100.000 units (one hundred thousand units; if we trade with the base currency us dollars, then it could be called a hundred thousand USD).
Mini contract: 10.000 units (ten thousand units; if we trade with the base currency us dollars, then it could be called the ten thousand USD).
Micro contract: 1.000 units (thousand unit; if we trade with the base currency us dollars, then it could be called a thousand USD).
Illustration of calculation of profit in scenario 1, assuming the order as much as 2 lots and use standard contracts, would be something like this:

Profit ($) = Pip Profit X Contract Size X Lot ($)

Profit ($) = 16 pips X 100,000 USD X 2 lots = 320 USD.

So, try our auto summary in the following image.

See example illustration of the calculation above, may be implied in your mind, "if so, forex trading was modal to thousands of dollars? The smallest micro contract just a thousand dollars, if the standard of even a hundred thousand. Expensive dong. "

It is not. Although his contract order so, but capital for trading forex can be as cheap as 10 USD only. How can so?

This is because there are forex brokers providing facilities called leverage.

Leverage is proportional with the loan guarantee scheme, so that it can enlarge the purchasing power of the Fund owned trader. For example a broker offers a leverage 1:100, meaning traders with a capital of 10 USD could have the buying power of 1000 USD (from 10x100). In this case, 10 USD into the guarantee fund (Margin) that need to be turned over to the trader's broker.

Small, isn't it!? Although later profit also will be adjusted proportionately to the leverage used the trader, but at least it is clear that the required capital trader to start working to get money from forex trading it is very low.

More favorable for us right now, all platforms/brokerages from trading software has done the above calculation process automatically. So, we easily know the dollar value of our advantages without the need to hard-hard to compute it again, just attempting to conduct the transaction profit only.

For those of you who like counting, can see the more complete explanation in the article specifically about how to calculate the profit pips. However, when it was quite satisfied with this explanation and would like to see immediately how do orders buy and sell, sign up for a demo account. With a demo account on forex brokers, you can perform a simulation using the forex trading virtual money (not real money) for free. You can also directly apply the knowledge gained from a wide range of forex trading learning material.

How To Get Money From Forex Trading

How To Get Money From Forex Trading, Understand How To Get The Money From Forex
In the forex market, we buy or sell currencies, with the intention to earn money (profit/profit) from price changes. From this point of view, the activity of trading forex is actually similar to that of the financial markets in General, such as stocks. Therefore, if you have experience in stock, should you will not encounter difficulty in trading forex. Although, you can also keep trading although no experience at all in other investments.

However, there are a number of notable differences between transactions on the forex market with the stock market or any other market. First and foremost is the perpetrator, forex trading can benefit both when prices rise or when prices fall. In contrast to stocks where we could profit if the price rises instead.

Why can it be so?

This is because in forex, currency trading is done in pairs. See the following image and description below:

For example, when we do our ' buy ' the pair EUR/USD, means we are buying the Euro currency by selling Dollars at the same time. In this regard, we expect the Euro will strengthen so much higher in the future than it is now. And if hope it actually materializes, then price graph EUR/USD is going to move up, and we can get the money from forex trading.

On the contrary, when we do ' sell ' the pair EUR/USD, which means that we sell the Euro currency by buying Dollars at the same time. It did when we expect the US dollar to the Euro compared to the more strengthened in the future. If that's the case, then price graph EUR/USD is going to move down, and we can still get money from forex trading when the Euro exchange rate decreased.

A Number Of Important Concepts In Forex Transactions
From the discussion above, certainly You could have concluded a number of basic concepts in forex. Well, in this section we will expose further.
Currency Pairs
The writing pair/pair forex is always written in pairs, such as EUR/USD, GBP/USD or USD/JPY. Why, in any foreign currency transaction we are simultaneously buying one currency and selling another.
In one couple, the first currency listed on the left of the slash ("/") is known as the base currency (Base Currency). While the second currency is called the right of the counter currency (Counter Currency).

Buy/Sell In Forex Trading
In forex trading are the most common terms used are:
Buy (Buy or Long): If you think the value of the base currency is going up.
Jual (Sell or Short): If you think the value of the base currency will go down.

Rate/Exchange Rates/Prices
Prices in forex trading are formed in the market that its international scale. The prices that will be visible on the given brokers trading software for us to use as a trader, in the form of graphs. For example as below:

How To Get Money From Forex Trading

Look to the right side of the image. The figures appear to 1,063 in white box. It is the price of EUR/USD at the moment. However, if we are going to do a buy or a sell, then that will be used is not the price, but the price that appears on the red box in the top left corner of the image.

Why is that? Because of the difference in price between the two it would be a boon for a broker or agency be Your intermediary with the market. This can be represented as a foreign exchange selling and buying rate if you make a foreign currency exchange in the Money Changer.

The Price Difference Of Supply And Demand (Spread)
The bid (Bid) is the price at which you as a trader will sell (sell) the base currency.
Ask (Ask) is the price at which you as a trader will buy (buy) the base currency.
The bid price is always lower than the demand, and the difference is often called by the name of Spread.

Close/Close Transactions
After you open a position on one currency pair, later you will also need to close a position to realize a profit. Well in forex it is popularly called by Close.
So:
If You Buy the original, to close means CLOSE (Sell).
If you Sell the original, to close means CLOSE (Buy).
Next, look under concrete examples about how to earn money from forex trading.

What Is A Forex Broker ?

What Is A Forex Broker

Forex broker is a party, can be a company, institution, agency, or individual which stands to bring together between the seller and the buyer. Then the product is it traded? Of course in the form of forex (foreign exchange) or foreign currency.

In the activities of trade between countries, happen currency exchange. This Exchange is already underway since it used to be when economic relations between countries begin to mutually bound to each other. So arguably, forex brokers are already there since ancient times. See the development of economic relations between countries increasingly massive, as well as the rapid growth of the forex market, forex brokers are certainly now more and more in the world.

What Is A Forex Broker

Why Do We Need A Forex Broker?
In fact, forex trading activity dominated by large banks around the world. Transact directly with the major banks is almost impossible for individual traders. In addition, the transaction must have a liaison with major banks also cannot be done in small amounts. In other words, the standards of practical transaction is beyond small scale traders like us.

Well, this is where forex brokers took the role. Forex broker will arrange for any individual trader can join the trading on forex. The broker will forward requests from trader to broker a larger, and so on so that later every request could be accommodated traders in the forex market are big and massive.

Forex brokers also provide software and other devices that allow traders to make transactions online via a computer, a laptop, as well as various other gadgets. Therefore, the trader so can access the forex market with only install certain programs or through the browser. The transaction can be done anywhere, anytime.

Of Which Forex Broker Benefits?
Each broker has a different rule in charge for their services. But in General, the broker can charge a Commission (Commission Fee) and atauSpread. Commission fee is discounted in the magnitude of Dollars imposed on any volume transacted by the trader. While the spread is the difference between the selling and buying rates rates (bid and ask). There are forex brokers who enact them, but there are also just set the Spread only, or Commission fees only.

Normally, the quantity of spread depends on the type of the currency pair will be traded. The spread could be worth about 2-3 pips for the major currency pairs traded lively like the EUR/USD (Euro to Us dollars). On the other hand, Commission fees will vary depending on the type of brokernya.


Online Forex Broker
In the old days before there was the internet, the trader uses a model of communication, such as via telephone, to make deals to broker. But in an era of all-round internet as it is today, almost all forex brokers should facilitate trading online so as not to be left tradernya and is considered outmoded.

With the development of this technology, there is an awful lot of ease acquired trader. In addition to eliminating the difficulties of pre-internet trading and allows transactions anytime and anywhere, the trader can get real-time trading facilities. With advanced applications special (MetaTrader), a trader can monitor the price and create a direct order execution in the trading platform. In addition, traders are also facilitated by the wide variety of tools for analysis, access news, and much more.

Example: online forex broker

A Minimum Deposit Of Forex Brokers
Extra Facilities Registration
online forex-broker instaforex
$1
Forex trading course, various deposit bonuses, and other attractive facilities for beginning traders.
List Of InstaForex
online forex broker agea
$1
Free capital $5, comfortable Streamster trading platform for beginners, etc. List Of AGEA
online forex broker fbs
$1
Various bonuses, sweepstakes, and contests; There is also a local bank deposit facilities, etc. List Of FBS
List of forex brokers online and full reviews can be found in a Review of Forex brokers.


Regulation And Legality Of Forex Brokers
The problem that then arises is how to choose a forex broker diatara hundreds of online forex broker in the world. When the first is still a bit, the choice of the broker is extremely limited, so almost no demands for a trader to be selective. But with the growing interest in global forex trading, against presidential brokers recently with various types, advantages, and drawbacks. These brokers there is good, but there is also a need to look out for. Anyone working professionally, there's eating of funds from their own clients. Such situations need to be understood well so that traders were not wrong in choosing a broker.

One of the ways that can help traders choose a broker that is safe is by finding out info about the regulation of the broker. Forex brokers are regulated, means he should follow the standards and regulations that set out the regulator concerned.

Regulators generally forex broker is the official financial institution or agency under the Government of a country. Getting good regulators, regulations that followed the forex broker will be more strict. Brokers cannot operate with a standard that is inconsequential, because there is a penalty imposed if he violates the conditions of the regulators. The broker can get a warning, are sanctions, until revoked the permit to operate.

Introduction And Basic Market Forex

Introduction And Basic Market Forex

What Is Forex Trading ?
Forex trading is the trading of currencies of different countries. Forex is short for Foreign Exchange (Currency Exchange). An example of forex trading is the buying of the Euro (European currency), while simultaneously selling USD (currency), it can be abbreviated as EUR/USD.

In the shadow of a layman, forex trading is an activity exchange money at the Money Changer, buying and selling foreign currency manually through the money changer. In fact, trading forex different from manual transactions such as in the Money Changer. Generally, the purpose of someone to buy and sell money at the Money Changer is because of the need to exchange currency for transacting in a country.

While forex trading done done online with the purpose of profit. It should be understood, forex trading is a business activity, investment, could even become a profession. Online Forex trading with the aim to make a profit like that done by forex brokers.

Online forex trading principles are essentially the same as buy and sell money at the Money Changer. Advantages of trading forex can be obtained from the difference between the buying price and the selling price. For example, we are buying U.s. dollars as much as $100.


Well, online forex trading business doing it all not physically. They are transacting in virtual worlds through a container called the software or trading platform.

The Forex Market
In contrast to traditional markets. Because here are traded are currency, then its market (where the traders/market participants do the selling) is called with the forex market. Anyone this forex market? very diverse: could the multinational banks, large companies, countries, institutions, speculators, etc.

Given the global scope and the culprit, the forex market is becoming very interesting and profitable. Why? Its global however, the forex market being the biggest money market ($4 Trillion/Hari), and very illiquid (can buy and sell with market prices regardless of the amount). The forex market is also open 24 hours non stop due to time difference world. So, we can trade at any time in accordance with our spare time.



In addition, the forex market has no physical location in particular. This is where the trading platform functions referred to above. Trading platform describe the condition of the forex market. Process transactions online forex trading can happen quickly and in great abundance.

The Purpose Of Forex Trading
Simply put, the purpose of forex trading is to gain profit from the rise and fall of currency exchange rates. Market conditions and prices in forex market moves with very dynamic, can be changed at any time by quickly responding to the events be it economic, political, war, disaster, etc.

Especially for countries with advanced economies and strong like the US or Japan, there is a little sensitive information, then the price of its currency could move up and down. This by traders was seen as a chance and opportunity to do trade.


Forex Trading Opportunities
The Internet has made an awful lot of revolution in world trade, including in the world of forex trading. With the internet, forex trading can now be performed by anyone.

In the past, forex trading can only be done by Big Player (banks, State, institution) only. But, now everyone can trade. You and I can online forex trading easily and with as little as 10 dollars.

Forex Risk
Forex is like a double-edged sword. With forex can make us quickly became rich, but the reverse is in an instant can also erode the capital runs out. No matter whether you consider a forex investment or as an ordinary trade forex, which obviously has a high degree of risk. So to understand the true risk in forex and not to misstep.

It Is Important To Note
The Forex market is the largest and most liquid market in the world. Forex trading can be done anytime, 24 hours a day. Monday to Friday. Starts from:


Fast Forex can make you rich or poor. Because of this great risk, you have to be wise and understood fully before you decide on forex falls in it. If steady like to forex trading, then it's worth practicing with a demo-account. The demo account is an account in the forex broker that lets you trade with virtual funds (not real money), but the chart exchange rates (prices) remain in accordance with the actual market conditions.

How to quickly get the profit from forex trading

Who is not familiar with music players that are handsome and certainly still bloody young named Kevin Aprilio, first child of composer Adie M.S. Indonesia legendaries, Kevin falls in world music by joining with Vierratale and successfully enliven cache blantika music industry Indonesia with most fans of young children and adolescents.

In addition to being a reliable music player it turns out that Kevin is also adept in the business world money markets or that we often call the Forex (Foreign Exchange), Kevin's success in the Forex world is shown with the latest Ferrari cars that he claims as advantages from playing the Forex, certainly not as easy as that, but Kevin share business Tips for Forex traders to be successful as he is, just the following tips to success main forex ala Kevin.

How to quickly get the profit from forex trading

Forex Broker Kevin Aprillio

There is no successful traders who are trading the greedy
Forex trading is not just buying with large lot when the market being down or sell with large lot when prices are tinggi-tingginya pairs, professional traders will be cautious in entering into the market to buy or sell, by therefore never greedy when looking at the opportunity, because it could only price will be opposite in direction, psychological in this very important applied and do not forget to use capital wisely.

Tighten up fundamental analysis prior to technical analysis
For most newcomers less regard for the fundamental analysis that contains about news of the world that most foreign language therefore is often overlooked, but it is very important for forex traders prior to the technical analysis, therefore start from now to pay more attention to fundamentals.

The best forex broker

Trading is a strategy not just profit and loss statement
Kevin confessed before he was successful as it was when he was losing money due to play forex and not responsibility-responsibility Kevin loss up to billions of dollars, but that's part of the success he had to undergo, the loss of Kevin started playing Forex with strategies, should not be at any time mantengi forex candle chart screen, just take note of when the market will be crowded and there started trading currencies.
So a very simple success tips that Kevin share for forex traders are to establishing him, success will be tired to find it, a steep path sometimes inhibit but wonderful success will reply to letihnya you, so start today to focus in the the purpose of you.

Read also: tools for a safe Trader transactions once

The problem then arises is whether you know when the price will be higher and when the price will be lower. So we know what to do if buying or selling kah. Because if we bought at a high price and then selling it at a time when the price is low then it is not a good thing obtained but instead of losses. Remember once again play the forex business is playing with a very high degree of risk and we have to stand on its own

Maximize Trailing Stop and Multiple Lot Techniques

This article will explain two techniques that are a bit more advanced: How does Trailing Stop and how to maximize profits by Trading Multiple Lots.

Let us discuss with some of the lot in advance ...
Because as a trader, we certainly always want to minimize risk as much as possible, therefore note the following caveat: any time a trader added a lot in trade, then it will get a lot more risk. This is probably still in just one trading, but trading lot size clearly plays a role.

For example, if a trader opens one trade with a 100 pip stop, they took the risk of 100 pips. If they open the same trading again, but with a three-position, the greater the risk taken, being 300 pips. Most importantly, make sure that the size of your account you can overcome these additional risks.

Here is a quick way to make a commitment that ...
A trader must not put a risk more than 5% of his/her trading account at one time. When switch 10 k lot, one pip, depending on the pair is used, valued at approximately $1. So, stop 300 pips will be equivalent to the risk of $300. If we divide $300 by 0.05, we'll get $6000. That means if you have an account in the amount of $6000, you should not take risks worth $300.
Such trading might still be made, but with some adjustments in accordance with the size of the trading or the size of your account. A trading lot size could either made smaller or upgrade your account.

The move to implement a strategy ...
The images below in this case, can be interpreted very widely, let's see chart 1 GBPNZD hours earlier to see how we can apply the strategy of a Trailing Stop and Multiple Lots.



Here's how we'll discontinue Trail ...
Because the pair in the trending down, we could be entering the trading with SELL 3 positions 10 k at the point labeled "Short Entry". The price has been penetrated and the stop will be placed in the level "Stop 1". As prices continue to move in accordance with our desires and is below the level of the second Green support, we will shut down one of three of our position by moving the stop at level "Stop 2".

By doing so, we have been locking up gains of around 110 pips.

We have also put a stop above new resistance level so that the two open positions we are protected. Moreover, since the trail we are now under the current note, if the pair back up, we've got a small profit on the two remaining open positions coupled with the 110 pips we get with closed position first. At this point, we've removed all the risk from this trade.

As prices continue to move according to the wishes of us, making the price drop and the lowest position when moving lower, below the support level of the next green, we will close one position again to lock in a profit of about 310 points at one movement and move the stop at level "Stop 3".
As in the case above, we have been locking up more profits and by following our steps toward the next level of resistance, we protect "floating profit" in the third position was left open.

At the last open position we will only continue to trail the stop using the same method as above. When price is no longer continues to fall and is low, we will stop at a certain point when the couple back.

So, as the price moves through the support level of the next green, we will stop the stop at level "Stop 4".

We can see that the prices do not continue to move down, as the price has gone down, we stopped at the level of "Stop 4". Since the third position opened when we cease trading, with profit of 320 pips above the last 10 k.

Overall, the total profit on the three lots is 740 points.

If one lot has been placed on trade, the benefits will reach 320 pips. Now, don't get me wrong, 320 pip does not mean to look down. However, given the choice, we'll choose 740 points.

From this example, the potential benefits of a trailing stop and multiple lots manually is quite clear.

As always, when trying something for the first time, be sure to test this concept on demo accounts a few times until you really understand the process.

How To Read A Simple Trend Forex Price Movements?

Here is a simple way to read the Forex price movement Tendency

SPECIFY YOUR TRADING TIME

In the forex market going support and demand (the bargain between buyer and seller), then make sure you enter the market (BUY/SELL order) at the right time. We recommend to perform the order when the market has been open hours. Please read the references the article when is the best time for Trading.

Like us to the market to buy vegetables vegetable, while the seller does not yet exist. If there is a person who offers a vegetable to you, it could be that's not real merchants. Don't get the "Wipsaw" (artificial price movement)

PLEASE SPECIFY THE TYPE OF YOUR TRADING

What is the Swing Trader, Day Trader or Scalp trader?

If you select a type Swing Trader who trade/open the position once a month, twicea month then you can use the Time Frame

Mayor MN-W1 and D1 confirmation entry/H4

If you choose to type a Day Trader is trading/open position once a week, then you can use the Time Frame the Medium W1-D1 and entry confirmation H4/H1

If you select a type Scalp Trader trading/open daily position then you can use the Time Frame Minor H1 and entry confirmation M15/M5

Detail information can be read the article Forex Trading Method based on the Timeframes.

To exercise case, will we take the H1 Time Frame trading and M15 for daily trading.

1. watch in H1

In every day there are only 3 kinds of price movement: Trend up, down and SIDEWAYS Trend (wavy)

2. Note the M15

If there has been: is there a PATTERN of CONSOLIDATION or REVERSAL PATTERNS

The pattern of consolidation, manandakan that price movements will still continue the TREND that happened before

Pattern reversal suggests will happen reversal of price movement

3. Now see in H1 price movements (chart) day yesterday and today

Remember that pergerakanh price from day to day are always closely related.

For example: the price of market opening day yesterday = lowest price the next day= opening price today.

For example: the highest price to date = yesterday's closing prices = opening price3 days ago

and so on ...

So we will be able to analyze the trend will occur TODAY or sideways alone. This willmake it easier for us to analyze the movement of the

the price.

4. find the lowest prices and the highest price

Look for the highest price and the lowest price in 1-2-3-4-5-6 or within a particularday yesterday-yesterday until today.

(The peak of the highest and lowest charts graphs)

5. make a line Fibonanci

Here's how: Click Fibonanci on the toolbar, hover over the chart on the highest price(where most high), press the left mouse button (not removable). It could also use the technique of calculating fibonacci retracement level.

Then pull down towards the lowest price (whichever is lower), off the mouse, then it will look fibonanci lines written on the far right (100-61.8-50 – 38,2-0) 50 Lines is called the PIVOT (PV)

6. Now take a look at the MA INDICATOR

If the current price is above MA, then the tendency of the price will go up, and if the current price is under MA, then the tendency of the price will go down.

7. But look at the Indicator Stochastic

When the indicator has entered the range 80 and 20 (up to 80 lines) or (under 20 lines), it means it has been going OVER (a saturated point of purchase or sale)

Wait until the indicator RSI and Stochastic is above line 20, then you can order BUY,or wait for the RSI and Stochastic indicators are below the line 80, then you can SELL order.

9. The last, remember Management Trading psychology

Do not be upset or afraid of price movement up and down ..... provided you have in accordance with trading systems, install Stop Loss and Take Profit, then shut your computer screen.

Usually we often can't stand looking at the ups and downs of prices, finally hands itch to want to merubah-rubah positions.

10. Most importantly, set risk management!

Use your capital for Open positions, not more than 10%.

Good luck with your simple way to read the Forex price movement Tendency

Incoming search terms:

How to read price trend (up or down)

How to read forex trend daily

How to read a candlestick forex movements

How to know the highest value in the forex day in progress

How to understand the trend forex w1