do you know NFP(non-farm employment change) announcement is the biggest event
every 1st Friday in each month??
Trading during this time is very risky because highly volatility.
But,actually you can absolutely get profit during this time..using the correct technic..
choose the correct pair...usually the pair with USD such as EUR/USD or GBP/USD...
but i usually using EUR/USD pair(recommended pair)
Then,5minute before news realease...place your order...
not the execute/instant order....but the pending order.
Place both BUY STOP order and SELL STOP order.
Place your price 10pips from current price.
then,set the TP(target point/take profit) less than 8pt.
The less your TP,the low risk you take.
use only 60%from your money...dont more than this...but its up to you if you want
to put more..
just wait until the market move and close 1 of the position...
Lastly,cancel the other pending order which is not execute/touching.
Happy Trading in NFP news!!absolutely profit in 1second!
Wednesday, December 5, 2007
Posted by Ing^Da^Besto^ at 6:51 PM
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Posted by Ing^Da^Besto^ at 8:13 AM
Thursday, November 29, 2007
Posted by Ing^Da^Besto^ at 9:04 AM
in forex trading,so many indicator which was used for trader to predict the market trend.All technical analysis using these indicators.Even the fundamental analysis is more important,but the technical analysis also important to us.thats why we can see so many indicators even custom indicators too.Normally custom indicators popular for METATRADER software base.
In Malaysia one of the most popular custom indicator is KUASAFOREX.This indicator give us a signal to enter the market.Its really profitable if you use it wisely and trade with a good discipline ,technic and timing.REMEMBER,discipline is very important for all traders.so many traders failed because of bad discipline.
This indicator use for META4 platform base only such as FXDD,NORTHFINANCE,FXOPEN and many platform.So,you can use it to all platform which was using META4 software.
For more info you can go direct to this link
For traders which aiming for the profitable trade....I recommend you to buy this product.
All the best...
"TOUGH TIME WON'T LAST,TOUGH PEOPLE DO.BE TOUGH AND NEVER GIVE UP"
Posted by Ing^Da^Besto^ at 8:47 AM
Wednesday, November 28, 2007
The disadvantage to forex, some would say, is in the lack of an exchange system in forex trading. Some traders find comfort in knowing that there is a regulated mechanism backing their market participation. What's more, the lack of a centralized data point means the spot forex market does not have all the great add-on information stock and futures are used to seeing .
In terms of market analysis techniques, technical analysis is just as useful in forex trading as in any other market. The thing that gives some traders concern. however, is the complexity of the fundamental side of the forex market. Currency exchange rates are influenced by a wide variety of factors, which can fluctuate over time.So,the fundamental analysis is very useful to and sometime the fundamental can breakout the technical analysis which had been predicted by traders.
Two-Sides to Every Position
There are always two sides to the forex market, because currencies are quoted in terms of their value against each other. That means for any given exchange rate there are two countries (or region) to take in to consideration. Sometimes issues related to one of the countries will dominate, while sometimes the other will. It can be quite fluid in that regard, which can sometimes lead to quite confusing reactions to news and events.
While these issues may seem like significant barriers to trading forex for some, the fact of the matter is that for most folks they are easily overcome. Just like any market, forex requires some getting used to. Once you do, though, it provides a wide array of opportunity."TOUGH TIME WONT LAST,TOUGH PEOPLE DO..BE TOUGH AND NEVER GIVE UP"
Posted by Ing^Da^Besto^ at 11:20 AM
U Can Trade on Your Schedule
The biggest advantage the forex market is its 24-hour nature. A trader can put on or take off positions literally any time of day or night, regardless of their base of operations. That opens the game up to a great many individuals who might not otherwise have the time available to trade.
For example, the working person with a type of job. Most folks like that cannot be expected to operate effectively as day traders in a market such as stocks. They just can't spend the requisite time watching the market during trading hours. With forex, though, one could theoretically day trade in the evenings after work, or in the mornings beforehand. The forex market is never really closed except weekend.
No / Low Transaction Costs
For most traders, the forex market also offers the benefit of no transaction costs. For the most part, forex brokers do not charge commissions (if they do, they are relatively small). There is, of course, the bid/offer spread, which can be viewed as a transaction cost, but the reality of the situation is that most traders buy at the offer and sell at the bid in whatever other market they trade, so that's really no different.
Low / No Account Minimums
Forex trading is also open to a wider trading demographic in that there are many opportunities to open smaller accounts than is the case in other markets. In fact, there is at least one broker which has no minimum account size. What's more, they also have no minimum trade size. That sort of flexibility opens the door to essentially anyone who wants to explore forex trading. This isn't to say that all brokers are that flexible. There are, however, a great many which offer so-called mini-contracts.
One of the biggest attractions to forex trading is that there's just about always something moving. There are a number of primary currencies involved, each of which is continuously interacting with all the others. Chances are, at any given time, there is movement in at least one of those exchange rates based simply on the sheer volume of trading and the number of global news events providing impetus to action.
Can Easily Trade Long or Short
In the stock market there are restrictions imposed on selling short. In forex there is nothing of the sort. It is just as easy to taking a short position as it is to take a long one.So,we can take profit from market down or market going up.Just follow the market trend to earn your money!
"TOUGH TIME WON'T LAST,TOUGH PEOPLE DO..BE TOUGH AND NEVER GIVE UP"
Posted by Ing^Da^Besto^ at 11:17 AM