Wednesday, June 25, 2008
Trading In Black And White Forex Trading Newsletter
Let's start this week by looking at the end of last week. We mentioned that we are extremely cautious of Fridays. We generally don't trade, or trade less, on Fridays. For some reason, we have not had much luck with trading on Fridays. Levels that hold as support or resistance all week long crumble like dust in the wind on Fridays. So, that being said, it happened again. We had used 1.8760 as support a few times last week, but had no faith in it for Friday's trading. Fortunately for us, we stayed true to our guns and stayed out of the market. As you saw, 1.8760 was broken like a wet tissue. We didn't see any good reason for this, but reasons seem to matter less on Friday's than all other days of the week. Maybe it's the mad dash of traders trying to make those extra few bucks before the weekend or close out their positions. Who knows? Ok, last note about Friday. There were several key support levels / indicators that we watch which were broken on Friday. That gives us good reason to look for a short today. So, now on to today's trading. Although some of our traders disagree with us, we are going to look only to play the short side of Cable today. Our aggressive traders argue that 1.8700 is a good support level, and have taken long positions from there with hopes of a climb. Hey, to each their own. We, on the other hand, are looking at resistance levels in the high 1.8700's all the way up to 1.8800. There are more resistance levels at 1.8820, 1.8850, and then as high as 1.8890 - 1.8900. It's actually pretty slim pickings when it comes to finding a good stop price, so be careful. This is another great time to mention that No Trade Is Better Than A Bad Trade. A bad trade is one when you don't have all the important information. Make sure that you have all the levels necessary for a good trade - the entry, the stop, and the profit target. We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course or Forex Seminar.
We will tell you WHAT TO TRADE and WHEN TO TRADE
Have you ever thought of trading Forex but got scared off by all the complicated stuff. Now there's a way to grab tons of cash without ever having to analyse anything.
If you really want to make money,
spend 5 minutes and read this.
Forex is the largest currency market in the world. It isn't located in any particular city or town. As a
matter of fact it isn't located anywhere -it is entirely electronic. All you need to start investing
money on Forex is ONE dollar and access to the Internet. These easy to fulfil requirements are the
reason why millions of people invest their money on Forex every day. Among the investors are
professional stock brokers, accountants, housewives, retired persons, students, engineers and stay-
at-home mothers -literally anybody. There's no need for any specialised knowledge or skills to
become a Forex trader.
» Is it simple?
Yes, very simple. What more - it can't be any simpler.
The Forex market users log in to their accounts via the Internet and, in the simplest case, they see in
their browsers the following:
Of course there are more sophisticated tools such as charts and other available, but the basic case
looks exactly as above.
Now, all you have to do to earn, is click one button (for example "Buy") and a moment later the
other button ("Sell"). If the price of the chosen currency pair rises in meanwhile, you can earn even
400 times more then the increase in the currency pair price.
This way, just at the effort of a few clicks a day, you can earn thousands or even hundred of
thousand dollars per day.
» OK, where the catch?
Well, the crucial thing is to know which button to press. So far this all seems more like lottery than
a method for a steady income. That's it. Many people feel that investing in Forex is more like
gambling, and they don't treat it seriously. Actually the majority acts this way. Why? Because in
order to make sensible investing decisions you have to know what you are doing. You need time
and skills to figure out which button to press.
Most people don't have time and skills to achieve this, and therefore they lose money.
And ... 98% of Forex investors lose their money!
» What about the remaining 2%?
That's the point. These 2% of investors get everything that the remaining 98% lose. This means
unimaginable amounts of money passing from hands to hands every day.
The 2% who get all the money KNOW what to do, because they ALWAYS use proper software that
makes the decisions. Only machine, a powerful computer that analyzes all the data from the the
market is able to make the right decision. Machines don't have emotions, they don't know what fear
or greed means, and they never act according to intuition. They obtain the results by means of
calculation, and this makes them the best advisers. That's why 98% of ordinary people lose their
money to 2% of wise investors.
Some of the Forex gurus talk about automated Forex systems and they even sell these systems to
other people. These systems are supposed to tell you whether to buy or sell. They draw charts, lines,
and arrows. But unfortunately, they DON'T WORK.
These systems, delivered as ebooks or simple computer programs have one big disadvantage: they
don't learn. And the market evolves daily and every new day requires a fresh, modified approach.
Only supercomputers connected to the Internet 24 hour a day are have the power to analyze the
markets in real time which enables them to correct their predictions dynamically.
That's why the BEST and the ONLY working way to earn money on Forex is by using READY
buy/sell signals generated by highly specialized, intelligent, and self-improving software.
We one of the very few companies in the world, who offers access to such signals.
Take a look how it works:
After logging in to your account you see this:
now, all you have to do is press the right button and that's it! Nothing more to do!
Can you imagine anything more simple?
Thanks to us, thousands of investors outsmart millions of others every day. 2% take
what 98% have to give.
At this moment you surely wonder if you could be among this 2% of investors? Can you too earn
tens of thousands of dollars in such an incredibly easy way? A couple of mouse clicks - is this really
enough? This is incredible!
Yes, contemporary technology creates immense opportunities and you too can take them.
Everything is within your reach, in 5 minutes you can start earning money in such a way. Yes take
a look now at your watch and imagine that in 5 minutes the simplest and most effective
method of earning that ever existed in the world can be yours.
Of course we aware of the anxieties of its customers. We understand that you
might be not 100% convinced that the system we offer really works. That's why we don't want you
to take any risk until you are entirely sure that everything what's been said here is true.
We want to offer you a 3-day trial period -use it and see for yourself that you can make big
money. The trial account we give you is not crippled in any way -some of our customers earned
several thousands dollars during these first 3 days. Without any risk - after all they were using a trial
account.
. IF you have had enough of being short on cash
. IF you want to join the 2% of smartest and most successful investors in the world
. IF you want to see in 5 minutes your dreams coming true
. No risk - 3 days is all you need to check that everything we've said here is true.
http://viralurl.com/cosmoe1/AFC2/
About the Author
Tim Korth tntenterprises new london wi 54961
If you really want to make money,
spend 5 minutes and read this.
Forex is the largest currency market in the world. It isn't located in any particular city or town. As a
matter of fact it isn't located anywhere -it is entirely electronic. All you need to start investing
money on Forex is ONE dollar and access to the Internet. These easy to fulfil requirements are the
reason why millions of people invest their money on Forex every day. Among the investors are
professional stock brokers, accountants, housewives, retired persons, students, engineers and stay-
at-home mothers -literally anybody. There's no need for any specialised knowledge or skills to
become a Forex trader.
» Is it simple?
Yes, very simple. What more - it can't be any simpler.
The Forex market users log in to their accounts via the Internet and, in the simplest case, they see in
their browsers the following:
Of course there are more sophisticated tools such as charts and other available, but the basic case
looks exactly as above.
Now, all you have to do to earn, is click one button (for example "Buy") and a moment later the
other button ("Sell"). If the price of the chosen currency pair rises in meanwhile, you can earn even
400 times more then the increase in the currency pair price.
This way, just at the effort of a few clicks a day, you can earn thousands or even hundred of
thousand dollars per day.
» OK, where the catch?
Well, the crucial thing is to know which button to press. So far this all seems more like lottery than
a method for a steady income. That's it. Many people feel that investing in Forex is more like
gambling, and they don't treat it seriously. Actually the majority acts this way. Why? Because in
order to make sensible investing decisions you have to know what you are doing. You need time
and skills to figure out which button to press.
Most people don't have time and skills to achieve this, and therefore they lose money.
And ... 98% of Forex investors lose their money!
» What about the remaining 2%?
That's the point. These 2% of investors get everything that the remaining 98% lose. This means
unimaginable amounts of money passing from hands to hands every day.
The 2% who get all the money KNOW what to do, because they ALWAYS use proper software that
makes the decisions. Only machine, a powerful computer that analyzes all the data from the the
market is able to make the right decision. Machines don't have emotions, they don't know what fear
or greed means, and they never act according to intuition. They obtain the results by means of
calculation, and this makes them the best advisers. That's why 98% of ordinary people lose their
money to 2% of wise investors.
Some of the Forex gurus talk about automated Forex systems and they even sell these systems to
other people. These systems are supposed to tell you whether to buy or sell. They draw charts, lines,
and arrows. But unfortunately, they DON'T WORK.
These systems, delivered as ebooks or simple computer programs have one big disadvantage: they
don't learn. And the market evolves daily and every new day requires a fresh, modified approach.
Only supercomputers connected to the Internet 24 hour a day are have the power to analyze the
markets in real time which enables them to correct their predictions dynamically.
That's why the BEST and the ONLY working way to earn money on Forex is by using READY
buy/sell signals generated by highly specialized, intelligent, and self-improving software.
We one of the very few companies in the world, who offers access to such signals.
Take a look how it works:
After logging in to your account you see this:
now, all you have to do is press the right button and that's it! Nothing more to do!
Can you imagine anything more simple?
Thanks to us, thousands of investors outsmart millions of others every day. 2% take
what 98% have to give.
At this moment you surely wonder if you could be among this 2% of investors? Can you too earn
tens of thousands of dollars in such an incredibly easy way? A couple of mouse clicks - is this really
enough? This is incredible!
Yes, contemporary technology creates immense opportunities and you too can take them.
Everything is within your reach, in 5 minutes you can start earning money in such a way. Yes take
a look now at your watch and imagine that in 5 minutes the simplest and most effective
method of earning that ever existed in the world can be yours.
Of course we aware of the anxieties of its customers. We understand that you
might be not 100% convinced that the system we offer really works. That's why we don't want you
to take any risk until you are entirely sure that everything what's been said here is true.
We want to offer you a 3-day trial period -use it and see for yourself that you can make big
money. The trial account we give you is not crippled in any way -some of our customers earned
several thousands dollars during these first 3 days. Without any risk - after all they were using a trial
account.
. IF you have had enough of being short on cash
. IF you want to join the 2% of smartest and most successful investors in the world
. IF you want to see in 5 minutes your dreams coming true
. No risk - 3 days is all you need to check that everything we've said here is true.
http://viralurl.com/cosmoe1/AFC2/
About the Author
Tim Korth tntenterprises new london wi 54961
Want to Get Into the Forex Trading Market?
It seems like every time you turn your head you hear about all the money being made in the forex trading market. And while it is true that foreign exchange trading is making people wealthy every day, the question is whether it is right for you to jump into.
Who Is Forex Trading For?
People who desire to be, or are, full-time professional traders - with trading forex it is possible to take full control of your life, as well as your wealth. Instead of working for someone else and making them wealthy, you have the ability to be the one in charge. You'll buy and sell currencies based on your own strategy. You can also set your own amount of risk and decide your own course of action.
Investors - For many investors forex trading offers an excellent opportunity to add money to their portfolios. Keep in mind that currencies will fluctuate in value all the time, but in many cases the trend can last for long periods of time. For example, the Euro has been steadily increasing against the weaker dollar. If you feel this will only continue, you could easily invest in more Euros and continue to profit.
Hobbyists - For many people the forex trading market is a great hobby. They enjoy the action of trading and developing strategies. It's actually how I got started myself.
The nice thing about this is that you don't have to invest thousands of dollars to get started. Get a good forex software program and get started for as little as $10. This fact makes forex trading a perfect hobby for so many people.
These are only three different types of people who like to trade forex, but there are others as well. As you can see, it can be an enjoyable full-time career or a profitable hobby.
About the Author
You can find more tips and information on the Forex Trading Market as well as the newest and most advanced forex trading software at http://www.ForexTradingProgramsInfo.com
Who Is Forex Trading For?
People who desire to be, or are, full-time professional traders - with trading forex it is possible to take full control of your life, as well as your wealth. Instead of working for someone else and making them wealthy, you have the ability to be the one in charge. You'll buy and sell currencies based on your own strategy. You can also set your own amount of risk and decide your own course of action.
Investors - For many investors forex trading offers an excellent opportunity to add money to their portfolios. Keep in mind that currencies will fluctuate in value all the time, but in many cases the trend can last for long periods of time. For example, the Euro has been steadily increasing against the weaker dollar. If you feel this will only continue, you could easily invest in more Euros and continue to profit.
Hobbyists - For many people the forex trading market is a great hobby. They enjoy the action of trading and developing strategies. It's actually how I got started myself.
The nice thing about this is that you don't have to invest thousands of dollars to get started. Get a good forex software program and get started for as little as $10. This fact makes forex trading a perfect hobby for so many people.
These are only three different types of people who like to trade forex, but there are others as well. As you can see, it can be an enjoyable full-time career or a profitable hobby.
About the Author
You can find more tips and information on the Forex Trading Market as well as the newest and most advanced forex trading software at http://www.ForexTradingProgramsInfo.com
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