Posted by
admin on July 16, 2010 |
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Forex Trading: Limit order 16/07/2010. Sell GBP/CHF @ 1.5970 , SL @ 1.6145 , TP1 @ 1.5875 TP2 @ 1.5810 TP3 @ 1.5740
The pair has been trending downwards and has made a small retracement upwards.
We want to enter the main trend which is still downwards but first wait for a confirmation the trend continues.
The entrance point is located below the last bottom the pair has made on the 4 hour chart.
More aggressive traders could try and short the pair from its current location but they should be advised the retracement upwards might continue higher and a SL of above 1.6170 is recommended for such traders.
The RSI is near 50 in neutral territory.
SL is located above the last top the pair has made yesterday and above the 100 period moving average which is likely to act as a resistance for the pair.
TP’s are located slightly above the support levels the pair has.
All analysis is based on the 4 hours chart.
Current rate: 1.6075
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Posted by
NigelGee on September 11, 2009 |
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Forex Robots are an important feature in Forex trading and can make your Forex experience more profitable. The novice Forex traders mostly utilize the robots as their assistants. The companies that make Forex robots offer a lot of additional things to the buyers including limited time offers, money back guarantees, limited copies, over tweaked back testing results, testimonials etc.
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Everybody knows that the full-time professional Forex traders can easily stack the odds in their favor over a longer period. They can do that as they trade a large amount of money in the market. However, this may not be suitable for you if you are a small investor. You should be extra cautious before buying a Forex robot. The most important thing you should consider is that, you should avoid the sellers who try and bolster their profit claims by back tested results. You should know that the back testing results can never prove the money making abilities of the Forex robot. The parameters on back testing simulation can easily be tweaked and optimized and the losses can also be eradicated over the period of a simulated back test. The robots sold in this way are found to produce nothing when they are put into real time trade.
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In the conclusion, it can be said that you should utilize all the above-mentioned ways to check out whether you are buying the right Forex robot or not.
Tags: Forex Online, Forex Trading, Trading Forex, Trading online
Posted by
NigelGee on September 9, 2009 |
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Initiated during the 1970s, Forex trading was initially dominated by mostly the banks and big financial institutions. However, the world of Forex trading has been expanded with time and now; the online Forex trading facility has made it possible for anyone to enter the Forex market. Today, thousands of individuals, brokers, brokerage firms, banks or governments are involved with Forex trading and almost everyone is making benefits from the Forex market.
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However, you should always remember that not everyone who invested money in online Forex trading gained profits. Online Forex trading is risky in nature, as you have to make decisions within fractions of a second. If you take a wrong decision, it may spoil your investment and hence, understanding the nitty-gritty of online Forex trading is necessary before entering the market.
Tags: Forex Online, Forex Trading, real trading online, Trading Forex
