Archive for July, 2012

TNA 1 = Technical Analysis Tutorial Candlesticks

TNA = Technical Analysis of course $ -) . MMASSASSIN and notrees2day Will start a series of classes thought by notrees2day with the help of MMASSASSIN. We wish to guide you through the fundamentals of technical analysis. In this first class, You will learn what really matters to get the basics of your technical understanding . This class will cover candlestick analysis, trend lines, and support and resistance. You will learn how not to be shaken on a shakeout and how not the be fooled by a false breakout. This is the basics but we go a little beyond the basics into things that many more experienced traders tend to miss. In the future we will progress with more advanced classes in this series covering everything all the way up to importing formulas into your charting package, Elliot wave analysis, and point and figure analysis. But it all starts with this class. Hope you enjoy it , we worked very hard on this class.

Archived under Technical Analysis Comments (18)

Steal Pips Ea

Steal Pips Ea

Steal PIPS EA Overview

There has been much speculation on the new forex robot software, Steal PIPS EA. Does it live up to its claims? Upon visiting the Steal PIPS website, the first thing you are confronted with, is their rather questionable sales pitch, “Learn how to rob the forex market legally.”

Not much further down the page, you will find what seems to be another similar pitch, “Our Robot Isn’t Illegal… It Just Performs Like It Is!”

Is this possible? Of course not, no forex robot can be so effortlessly good, that it would make it seem like you really are “robbing” the forex market.

The Steal PIPS EA comes at a cost of $ 97, which seemed rather steep for us. However, we brought together a few people to raise funds to make a pool purchase.

This way, it was much more affordable for all of us.

Verdict: Our team has since then been using Steal PIPS, for what has been only a week now, and we have made massive profits with little work. This new forex robot may very well prove to be an exception to what I initially stated above, that no forex robot can be so effortlessly good, that it would make it seem like you really are “robbing” the forex market. We haven’t necessarily gotten to that point yet, but our profits are steadily increasing day by day, and without a doubt, we will get there soon.

As we have only been using Steal PIPS for a week, we will continue to update you with our progress. We are hoping in the upcoming week, we will double our profits with this software.

How can I download Steal PIPS?

UPDATE: We just found the download link for Steal PIPS, for anyone who wants to get a copy of Steal PIPS, you can download it below:

–> Steal PIPS Download

Archived under Pips Comments

Compare Forex Brokers Uk – Regulated Forex Brokers

Compare Forex Brokers Uk – Regulated Forex Brokers

Compare Forex Brokers Uk

The Forex broker who is regulated is a member of a regulated financial authority. Meaning, that their corporate activity is checked and scrutinised, ensuring they observe a set of strict rules and procedures, put in place by the regulatory authority.

Forex Regulation means a Fx broker wishing to be regulated is required to adhere to a list of minimum requirements, at all times. The requirements are rules, such as keeping appropriate financial assets (ensuring the trading continuance of the Fx broker) along with adhering to rigid working standards and procedures set out by their regulatory authority.

Another important feature of Forex regulation is the requirement for the Forex broker to maintain a high level of financial records transparency. Comprehensive financial records are also a requirement – failure to produce timely records can result in termination of membership. The same penalties can apply when if the guidelines are not kept to.

Using a regulated Fx broker is the best strategy Forex brokers, who are regulated, have to stick to a set of strict guidelines; these have been created to safeguard and preserve the service levels expected by their traders and clients. Regulation also ensures the Fx brokers are held to account for action taken, to the regulatory authorities of which they are members. Compare Forex Brokers Uk

It is important to note that clients’ monies are kept in a different place to separately held company funds. According to the regulations, clients’ deposited monies under no circumstances must to their money be used to prop-up the Fx broker’s operating activities – this ensures the security of clients’ money. Regulation offers further safety to clients should their Forex broker become bankrupt; creditors cannot be repaid using funds deposited into client’s accounts. The personal information of the client, the QA standards adhered to by the Fx broker, fraud prevention and customer support & help are also covered by the industry regulatory authorities.

Ensuring a Forex Broker is regulated Checking a Forex broker is regulated is easier than you might think. Due to past problems in the financial markets, each regulated Fx broker must display their regulation status, and other financial authority memberships they hold on their website. Using this information you can also gain an insight into the past performance of the Fx broker.

Country jurisdiction means each Forex broker is regulated by the local authority in their country. Dedicated regulatory authorities can be found in countries such as the UK, Euro Zone, USA, Japan, Australia and Switzerland. The Euro Zone Forex brokers and regulated by MiFID and CySEC authorities. In the USA it’s the NFA and Commodity Futures Trading Commission (CFTC) and Financial Services Authority (FSA) in the UK. By visiting the websites of these financial authorities you can easily read their regulatory standards.

It is not mandatory for Fx brokers to join more than one regulatory body Each authority mentioned will act to prevent fraud and unscrupulous trading practice. It is extremely importance though; that the Forex broker you use is a member of at least one regulatory authority.

Therefore, take your time when selecting your Fx broker, and ensure they are regulated. This means your chosen Forex broker will be adhering to a set of industry recognised standards, and in the worst case scenario (Fx broker becomes bankrupt), any funds deposited into your account are safe. Compare Forex Brokers Uk

Archived under Forex Broker Comments

Trading Forex In 2011 – A Few Useful Tips

Trading Forex In 2011 – A Few Useful Tips

I have been making some decent profits from forex trading for a good few years now, and I hope to continue doing so in 2011. However market conditions can quickly change, and so I thought it was worth discussing how you can successfully make money in 2011.

The first thing I should point out is that from a day trading point of view, the average daily trading range for the major currency pairs is actually quite small at the moment compared to earlier in 2010. This is partly due to the reduced volatility that you always get at this time of the year, but we have also seen quieter markets in the last few months as well.

If you look at the movements of the GBP/USD, EUR/USD and USD/JPY pairs recently, you can see that there has been a lot of sideways movement. So if this trend continues into next year and the average daily range (as indicated by the average true range indicator) remains quite small, then it will be quite hard to make consistent profits if you are a short-term trader.

For instance if you are a breakout trader and like to trade the GBP/USD pair, then there may be little point trading any breakouts if the current day’s trading range is more than 100 points. This is because the average daily range (at the time of writing) is a mere 135 points. In contrast, it would have been a lot easier to trade these same breakouts earlier in the year because the average range was more than 200 points at one stage.

So what I am basically saying is that until the markets become more volatile (which they surely will at some point in 2011), it may be worth switching to longer term strategies instead. I myself like to trade the 4 hour and daily charts and this tends to work well regardless of the current market conditions. Therefore there is no reason why you cannot make money from this style of trading in 2011.

You don’t need an overly complicated system with lots and lots of different technical indicators. I use a simple EMA crossover system, which comes up with far more winning trades than losing ones.

Whatever system you come up with, you should find that technical analysis always works better on the long-term charts. So if you devise a strategy that keeps your losing trades to a minimum and employs a tight stop loss whilst letting winning trades run for as long as possible, you should do very well.

Indeed my best tip for anyone trading forex in 2011 is to focus on longer term strategies. They tend to work better anyway, but this is particularly true when the daily trading ranges are small, like they are at the moment as we go into 2011, and day trading becomes a lot harder.

Archived under Forex News Comments

Xtreme Pip Poacher Review

Xtreme Pip Poacher Review

IMPORTANT If youre still struggling to profit consistently from the $ 5 trillion Forex market, and youre sick of hyped-up Forex robots which promise no losses in a year and then blow your account to smithereens, readthis short letter urgently (before it disappears for good)

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They told you its so simple to install that even a child could do it. And yet, hours later…youre stillwondering how the hell to get this damn thing working.
So, you go ahead and email the support team just like they told you to and, several days later, you get an unhelpful response.
Please read the manual they say.
And then, when you finally do get it up and running on the default settings, you hit another brick wall:
The damn thing doesnt place a single trade. Not even one.
How is that right? You were told that this expensive new toy was going to rake in multiple winning trades every day. Yet, almost a week later, youre sitting there like an ass and it still hasnt traded.
But then finally several days later….hey presto!
The damn thing actually gets off its sorry ass and pulls off a trade!
Great news! you think. But wait. Is it? No! Your new wonder toy loses the trade! Thats right. It loses.
And then it loses again.

Before you know it, that expensive piece of desktop decoration is clogging up your Recycle Bin along with all the other junk robots that were pushed your way.
What a total waste of time and money.
So, how does a robot which you were told had gone over 12 months with just a single losing trade produce so many losers?
How can you be so unlucky?

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Archived under Pips Comments

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