Forex trading and analysis including currency trading and foreign exchange trading. Forex forum is our specialty, Forex trading our business. We deal with foreign exchange and currency trading.

User Name: Password:      Register - Lost password?
FX-Strategy

Provided by

The Need for a Structured Trading Method
Success in Forex requires a systematic way of making trading decisions. I have traded Forex for 25 years, first as a bank trader, and later as an independent trader with my own trading portfolio. As an independent trader I have had to develop methods to manage my market exposure and control my trading risk without the support of a trading team.

These two challenges led me to Technical Analysis -- the study of the relationship of indicator and/or price patterns and price movement. A basic premise of T.A. is that "history repeats itself".

Most technical analysts look for repetitive price or indicator patterns on currency price charts. Patterns that anticipate price movement. The assumption is that when a recognized, repetitive pattern appears it will likely precede a certain associated price movement, thus giving the trader the information he/she needs to place a successful trade.

With Technical Analysis I began to develop an objective method for getting into and out of currency positions.

To consistently make money in the Forex market you want to have a set of trading rules that you follow. This will separate you from the market gamblers and give you the structure to become a professional trader.

Without a set of trading rules it is difficult to repeat successful trades on a consistent basis. If you can identify market conditions associated with winning trades, find a way to describe them, and quantify and test out your theories then you will have the opportunity to build on your previous success.

The Rorschach Problem
Why do we need Trading Rules? Interpretation of indicators and price patterns should not be left until the trading moment, when emotions can bias perception.

Have you heard of the Rorschach Ink Blot Test? It is a psychological diagnostic test, developed in 1921 by a gentleman named Rorschach.

The test involves showing an image or "ink blot", like the one below.



As you can imagine different people will have different interpretations of this image. Looking at prices and indicators can be quite similar. In fact, the same trader can have different interpretations of the same price pattern, depending on his or her emotional state at the time.

Do your recent trading results ever influence how you interpret the markets?

 

Here is another shape that is open to interpretation. Is it lying down or standing up?
Every trader has winning streaks and losing streaks that can destabilize their trading decisions.

During a losing streak traders can become disheartened and overly cautious, and as a result reject trades that they otherwise would have taken.

During a winning streak traders can become overconfident and rush into trades that they would have otherwise held back from taking.

Strategy traders minimize the impact of negative emotions - the Rorschach problem of interpretation - by creating a set of Trading Rules that they focus on implementing.

 



The Benefits of Trading Systems

A Trading System or Strategy allows you to:

- Backtest your trading idea before putting your money at risk.

Trading Forex is a risky business.
There is no reason to risk money on a trading theory that has not
been tested.

- Know how a Trading System has performed in the past.

You can repeat what has worked and avoid was hasnít.

- Keep your emotion at bay.

Knowing in advance the performance numbers of a system prepares you for the winning and losing streaks that are part of any trading experience.

- Limit Market Exposure.

Basing your position size on historical performance data will enable you to survive expected losing streaks, profit from winning streaks, AND increase your chances of making money over time.

- Turn Trading from a Hobby into a Business.

Gamblers take risk with the hope of return.
Strategy traders take financial risk for the right expected return.

Instinctive "seat of the pants" traders guess where the market is going
Systems traders react to winning patterns they have tested

What is one of the most important benefits of trading with a system?

It keeps you honest.

o A system provides you with rules prior to getting into or out of any trade.
o A checklist to follow before you place a trade.

Believe me if you have not experienced this yet ; In the heat of trading it is a lot easier to refer to a written checklist than to leftover intentions from the last trade.

In my own trading I have come to appreciate these benefits. I know of no better way to improve trading results than to implement trading systems that you understand and which suit your risk/reward objectives. The goal of our training is to help you accomplish this.

Best Regards,

 




Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105

Forex trading and analysis including currency trading and foreign exchange trading. Forex forum is our specialty, Forex trading our business. We deal with foreign exchange and currency trading.