Skip to main content

Forex Software For Beginners and Intermediates

How to find out which pair and time frame is best to trade?

"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the DEFINITE ANSWER in this email.

Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on daily...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!

The "PROBLEM" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.

I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.

The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.

The system is running on our powerful computers, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES! Get it on the link below:

www.forextrendy.com


Automated chart pattern recognition tool

In this post I am going to tell you about the COMMON MISTAKES traders do when drawing trend lines.

Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill.

The problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines.

One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout!

This sophisticated software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines...

Chart patterns such as "Triangles, Flags and Wedges" are price formations that will provide you with consistent profits.

Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it's time to use powerful dedicated computers that will do the job for you:

The truth about Forex robots

Have you experienced times when your EA was profitable in trending market and suddenly all the profit was taken back in a series of losses? What is the reason and HOW TO AVOID IT?

Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT...



PREPARE FOR THE WORST...

Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.

PROBLEM: FALSE "STRONG TREND" INDICATION.

The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.

To avoid falling into this trap, check for the SOLUTION to find a REAL trend:

www.forextrendy.com

SECOND PROBLEM: TREND RELIABILITY

Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct question is: "How well the market is trending?"

And here we have something called TREND RELIABILITY.

Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:

www.forextrendy.com

Labels:

Comments

Post a Comment

Popular posts from this blog

How to start a drop shipping business?

As you probably know, AliExpress is an extremely popular retail platform, whose order volume exceeds that of Amazon and eBay combined. And AliExpress' prices are so low that you can multiply them by 10 and still have the best offers in your market. No wonder that so many online entrepreneurs are keen to start a drop shipping business with AliExpress. And today starting online dropshipping business is easier than ever. Because there is this AliDropship Plugin ! It's the unique WordPress based solution to assist with the creation of AliExpress drop shipping stores and easy importing of Ali products. You can have your own webstore built in minutes. This tool is so easy to manage, that even a kid can launch a drop shipping store with its help! Key benefits of AliDropship plugin: - Affordable price with no limitations - Fully compatible with WooCommerce - Simple and user-friendly interface - Easy product search and instant upload - Live stats and auto updating - Buil
Post a Comment
Read more

Amazon Fire TV Stick - The Best Way To Watch

Amazon Fire TV Stick connects your HDTV to a world of online entertainment. With a huge selection of Bollywood, Hollywood and regional language movies, TV episodes, voice search that actually works, it’s the easiest way to enjoy Amazon Prime Video, Hotstar, Netflix, YouTube, Eros Now, Gaana, music, games and more. With instant access to your favourite subscription and streaming services like Amazon Prime Video, Hotstar, Netflix, YouTube, Eros Now, Gaana and more, you're sure to find something you love. Watch live TV (including sports and news) as it happens. Subscription fees may apply. Being an Amazon Prime Member unlocks thousands of Bollywood and regional blockbusters, Hollywood movies, US TV shows, kids’ shows and original shows created by Amazon. From award-winning Amazon Originals like Transparent and Mozart in the Jungle to great shows for kids like Tumble Leaf and Creative Galaxy, something is always on. Less searching, more watching. Speak into the Amazon Fire TV
Post a Comment
Read more

Is there a cure for type 2 diabetes?

Source: Joshua Gonzalez | www.quora.com Radical diet can reverse type 2 diabetes, new study shows Low-calorie diet caused remission in 90% of trial patients who lost 15kg or more, even those who had been diabetic for six years, say researchers To find a naturopathic doctor in your area who can advise you on naturopathic treatments for diabetes, visit our Find a Doctor page. A radical low-calorie diet can reverse type 2 diabetes, even six years into the disease, a new study has found. The number of cases of type 2 diabetes is soaring, related to the obesity epidemic. Fat accumulated in the abdomen prevents the proper function of the pancreas. It can lead to serious and life-threatening complications, including blindness and foot amputations, heart and kidney disease. A new study from Newcastle and Glasgow Universities shows that the disease can be reversed by losing weight, so that sufferers no longer have to take medication and are free of the symptoms and risks. Nine out o
Post a Comment
Read more

Why is Uber pulling out of Southeast Asia?

Uber is pulling out of Southeast Asia because Grab is both better funded, better managed, and better localized in the region. Grab was founded in 2012 by Anthony Tan and Tan Hooi Ling. The company is based in Singapore and it offers ride-hailing services in most Southeast Asian countries, serving 168 cities in that area. As of November 2017, Grab claims to have over 2 million drivers, 3.5 million daily rides, and more than 68 million downloads. In the past 6 years, Grab has become the main player in the region despite the major influence and recognition of Uber for three main reasons: money, management, and localization. In the deal to sell its branch in Southeast Asia, Uber will receive a 27.5% stake in Grab–worth $1.6 billion–and Uber’s CEO, Dara Khosrowshahi, will become part of Grab’s board of executives. Grab will assimilate Uber’s business in the region as well as subsidiary UberEats. Uber has previously withdrawn from regions in which it had tried to expand as a resul
Post a Comment
Read more

Diabetes: Look after your teeth to look after your blood glucose

Researchers say that people with type 2 diabetes may improve their blood glucose levels by looking after their teeth. A new study highlights the importance of oral hygiene for people with type 2 diabetes, after finding that those with the condition may have better blood glucose levels if they look after their teeth. It is estimated that around 30.3 million people in the United States are living with diabetes. Type 2 diabetes is the most common form, and it accounts for 90–95 percent of all cases. Type 2 diabetes develops when the body's cells stop responding to the hormone insulin. This is a process known as insulin resistance. Blood glucose levels become too high as a result. Without effective management of blood glucose levels, a number of serious complications may arise, including nerve damage, or neuropathy, eye problems such as glaucoma and cataracts, and skin conditions. Previous research has also shown that there is a two-way link between type 2 diabetes and g
Post a Comment
Read more