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Thursday, November 24, 2011

Fundamental Analysis for currency trading and tips for successful trading

*What is fundamental analysis mean? it is mean that you must follow up regularly forex news and  analyzes it to predict the true next behaviour for market, the fundamental analysis is the only guaranteed way to predict correctly.

*How you can analyze market by news? the true analysis depends on aset of news mean that you can not  decide the true direction of market by only one or two report.

*where and when i can know the news? you can know daily news and in fixed,specific time available for all by alot of forex news sites, i personally use forex factorey to know all news (FOREX FACTORY)

My advice to every investor in the Forex
1-do not trade against trend ever, this is summit risk
2-no quick, no slow,no greed and must use stop loss to protect your money
3-Do not rely on others to take your decisions.
4-if you cant analyze the market,dont trade in market news time ever

Friday, November 18, 2011

Bollinger bands strategy

Bollinger bands is good indicator for traders and they can use it to trade forex with very good results but all traders must commited to terms for true trade.

there are 3 conditions for moving of any pair of currency
* upside prevails
*downside prevails
*up and down moving (accidental movement)

when pair move up and down and repeat it and still no specific direction
so you can use bollinger bands for very good profitable trade

and do not use bollinger bands for direction against trend ever
you can use it in direction of trend with good results always

Bollinger bands consists of three lines upper line, lower line,middle line
these lines move with price in chart(candle stick chart)

if general trend is up then you wait price down and when reach the lower line then open your buying deal for pair and wait pair for changing direction soon and start upside direction and close your deal when it reach to upper line and vice versa
finally use an hour chart for trade always and catch opportunity one time only everyday.





 
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