The rewards ( Profits ) that one can achieve is indeed Very Very Good….

But how good is good then ?

2x…..3x…..4x…or even 8x Your initial investment is very realistic once You know how to do it…..

……And most importantly - Knowing how to detect such STRONG TRENDING currency pair is the key here….

Like This :

With a STRONG trending currency pair like the one above…

Imagine if You invest just 1 standard lot……and by nailing 800 Pips from such Strong

Trend…..do You know what is Your ” rewards ” like ?

Yes…..that would be about 8 times MORE THAN Your initial investment.

Which calculated to be approximately USD $8,000 with $1,000 investment..

Or what most investor like to consider it as ” 800%” RETURNS….

Definitely Very Profitable once You know how to detect such STRONG Trending currency pair too - Which is what I am about to show You in this article. * smile *

HOWEVER….Most Traders Would FAILED Miserably :

Here’s why ..

Almost every traders who jumped into this forex trading game would have heard of this sentence :

” Trend if Your Friend……Just Follow The Trend ! “

…..at some point during their learning journey….

I am sure this sentence is very easy to understand by anyone as long as he/she understands simple English…..agree ?

BUT……how come majority of the traders only failed miserably and always NOT getting the results ( massive pips ) they truly desire …?

Or…..if they are lucky to jump into one such trend…..but most of the time, the trend just DID NOT move as much as they would like it too…..and ONLY to see all the profits accumulated earlier given back to the market when it rebound the other way…

Hmmmm…..what is the main problem here now…?

Are You also facing such frustrating problem currently or previously…?

That is - You would like to ride on the MASSIVE Trend in the market…..because You know the rewards are very good…..and best of all….it requires very little time on Your part to monitor  because You would be trading on the bigger time frame…( daily chart )

At most spend about 10 - 15 minutes to monitor each day….that’s it..

That is one of the biggest and most attractive benefit from riding such MASSIVE TREND in the market……no doubt about it….

But what’s the main key to succeed with Spotting Such Strong Trend then ?

And I would say…..it is about ZOOMING in on the ” Really Strong Trending ” currency pair…..in order to ride on those MASSIVE PIPS….and not just seeing a WHIP SAW market giving You undesirable fear and uncertainty…..

……making You want to pull out Your position most of the time…

The truth is that being able to scan for such STRONG TRENDING currency pair in the market can be considered rather ” tricky and challenging “ to most traders in fact…

As such, they would rather not do it…..although in the bottom of their heart….they really want to profit from such lucrative strong trend very much….

If You are also facing such confusions but at the same time, You are also one of those that would like to know how to scan for such Strong Trending currency pair to ride on….

Then read on as I am sharing the step-by-step explanations below.

There are in fact a few techniques I am using to scan for such strong trends…( without using any fundamental or reading complicated news….)

And today, I would be sharing on one such technique which is direct and very simple and yet fulfill the objective of spotting such strong trend You would like to profit from.

Here’s How You Do It :

In order for You to gauge ” How Strong ” is the currency pair….

We would be using 2 EMA to help with the tasks namely…

200 EMA   ( Turquoise )

30 EMA  ( White )

And all the charts we would be using are the DAILY time frame ONLY….

what You would want to find out is very simple…

Basically You would be comparing 2 different currency pairs and then grab the ” hints ” from there..

Example :

Let’s say the EUR/USD is in a very Strong DOWN-Trend…

At the same time…..the USD/CAD is in a Very Strong DOWN-TREND As Well..!

What does this tells You if You put the EUR/CAD together ?

Of course the pair EUR/CAD would be in a very ( very STRONG ) DOWN-TREND too right ?

Why so ?

Let me explains on this to help You understand better :

You see…..

When EUR/USD is in a strong Down-Trend ( daily chart )…..it means that the USD is Stronger than the EUR right ?

When You SELL EUR…..and BUY USD….it resulted in a DOWN-TREND..

At the same time…..You also spotted that USD/CAD is in a very strong DOWN-TREND too…

So it also means that USD is not WEAKER than the CAD…

Wow…..do You get the ” Obvious HINT ” here already ?

The CAD is so much STRONGER than the EUR….!

And if You pair the EUR/CAD together…….what would be the TREND like ?

See it for Yourself below ! * Smile *

Strong Trending Strategy

See how strong the DOWN-TREND is now for the EURCAD from the illustration above ?

See how steep the gradient is for the 2 EMAS….?

POWER isn’t it….? * smile *

Now You understand why the conventional saying of : ” TREND is YOUR Friend…..Just Follow The Trend ” holds TRUE for so many decades !

So basically to make Your scanning easier…

You should inter-scan 2 or 3 of the different currency pairs with ” One Common ” Currency in there..

Maybe for a start….You can start with the USD…..since it is the most commonly traded and liquidity is very good.

You can compare for example :

” Gbp/Usd….Aud/Usd….Usd/Jpy…Eur/Usd….etc….etc…”

And then deploying the same technique of comparison just like how I did for the EUR/CAD above earlier…

Once You have gotten one such pair which You think would be TRENDING strongly…

You can then open up the chart….and plot the 2 EMAS ( 200  and 30 ) on it to see how steep are the 2 lines…

Most of the time…..if You see them as steep as the EURCAD example above…

You can almost sure that this is one currency pair that is TRENDING strongly…

And the next thing You need to do is of course to ride on it and grab the MASSIVE PIPS out of it…

But of course, You cannot simply just jump in and hope that everything would be fine end of the day..

There’s always a slight possibility that the trend would reverse or RETRACE quite abit before resuming in the prevailing trend again…

So making sure that it is giving YOU a good RISK/REWARD ratio is definitely essential here.

And of course….in order to reduce Your risk to a minimum….it would be good to enter into a position after the market has retraced to at least the 50% level or slightly more at 61.8%..

In this way…..at least You can grab more Pips because You are not selling at the bottom….but rather at a much higher price…..( if it is a down-trend….and vice-versa for Up-trend )

Simple isn’t it this technique on scanning for Strong Trending Currency Pair ?

Go give it a try on a DEMO account on the next trading day….and get more confident with such scanning…

Trust me when I say this :

…..By the time You can confidently ZOOM in on such ” Very Strong Trending ” currency pairs too….nailing those MASSIVE Pips in the market ( 200,300, 400 or even 800 Pips ) would not be a challenge to You anymore then….* smile *

Can You imagine how Your trading account would be GROWING then ….? LOL

How About Earnings Like This ?

( click to enlarge )

Yes…..this is the real screen shot of the earnings proof from ” Shorting ” the EURCAD…

( which is one of the LIVE trade I had )

Don’t get me wrong here…..as I am not trying to brag or something by showing this earning proof….

But rather….I would like to convey that fact that nailing such MASSIVE PIPS ( such as 659 Pips ) in indeed very realistic and NOT a challenge to me anymore as I understand how to spot for such Strong Trending Currency Pair…

Don’t believe that it can be done using the simple & proven technique I revealed above ?

Try it and You will know the truth ….! * smile *

This is a trading strategy which takes advantage of the ” Gap/s ” in the forex market …( When You spotted one such ” Gap/s “…)

As You might already know that the forex exchange is a 24 hours market and that is why ” Gap/s ” is hardly seem in this market but ( maybe ) occasionally on Monday when market is open again after the break over the weekend.

The strategy I am sharing below is one that takes advantage of such Gap/s in the market and I managed to nail a nice 108 pips trading it.

Before I go straight into the ” details ” on this Gap/s forex strategy……do allow me to share a personal story here first with You….( don’t worry…just a short & sweet one…* smile * )

If You have been reading on my Forex Trading Empire blog, You would know by now that I am a strong believe of  PRICE ACTION Strategies.

In fact, it is by mastering such Powerful Price Action strategies that gave me a major turning point in my forex trading ….and with that….I mean ” finally get to see the results I long for & became a successful forex trader “…

( …Which ultimately enables me to quit my day job as a technician and trade forex full time…! )

So having known that I have sort of ” already mastered ” Price Action trading, some fellow readers actually wrote in to me asking for strategies to trade such ” Gap/s ” in the financial market.

And as I mentioned above that in the forex market, Gap/s is actually very rare except on Monday perhaps ….( or after a long holiday break for the market…)

Hence, these readers who wrote in to me are mostly ” stocks ” traders ! * grin *

Yes….in the stocks market, seeing such Gap/s is like seeing the ” forex market WIHOUT Gaps”…

It is THAT COMMON in the stock market..

This is so because the stocks market operate just like a day job kind of timing - Meaning the market would be closed when it is time for the employees to knock off….

Hence after this so called ” off ” period and market re-opened again, it is very normal to see Gap/s in the market for stocks traders..

So having read through their request, I begin to look out for a GAPPING market condition in the forex market then…..as I would like to write about a forex trading strategy on that to share with You guys..

Although it is rare to see Gap/s in the forex market, but once You learn this strategy from reading this post…..AND if You spot a Gap in future, You would know HOW to grab those pips and add some nice profits to Your pocket too !

Well….unless You don’t like to win and nail profits from the market….else I am sure any fellow forex traders would be more than keen to learn a forex strategy that works ( like a bang ) right ! )…* smile *

Alright….having done with my story…( told You it’s short and sweet ), now let’s get into the main strategy to trade the GAP in the forex market now..

———————————————————————————————————————–

Trading The GAP/s in the Forex Market - Step By Step Strategies Revealed

———————————————————————————————————————-

Again….just like what I mentioned in some of the forex strategies posts…

I will ” try ” to make it as easy & simple to understand as possible ok……( of course not too long winded I know…)

Just make sure You really read till the end of the post and read every single word so that You can grasp the entire concept of this strategy..

If needs to….just read 2nd…3rd….or even 5th times  - TILL You understand …..* smile *

It’s FREE to do so anyway….* grin *

OK…..let’s get serious now…

Here’s an screen-shot of where I ” Enter & Exit ” for this strategy - With Stop Loss planned too  :

( Nailing 108 Pips Profits )

Trading Gap Forex Strategies

If You have not trade any ” Gap “  that happens in the forex market before and wonder is it hard to master at this point of time..

Then I shall assure You that it is NOT That Hard once You can understand the ” concept and psychology ” behind this strategy.

Read on below..

It is an absolute fact that almost everything in this world would undergo a state of change almost every single second..

For example :

- Human would age….

- Those cute little babies would grow day by day …

- After the rain ….there would be sunshine..

- Almost nothing could possibly stay the same state forever…( generally )

However….there are some exceptional here though..

And these are the ” PSYCHOLOGY ” of the market..

As long as it is humans trading the market….there bound to have both FEAR & GREED involve..

This is especially so when  we are trading REAL MONEY here…..and there’s a BIG POSSIBILITY that anyone can lose money in the process……and basically Nobody likes to lose money in anyway….

Hence, the elements of  FEAR & GREED would always EXIST in any financial market….and especially true in Forex - A market where the volatility is so high !

So for this forex trading strategy that take advantages of the ” Gap/s ” in the forex market, it capitalizes on the Human Psychology as well..

Which explains why when there is a GAP UP , most of the time this GAP would get filled by the SELLERS ( bearish sentiment ) in no time….

This means when You can also read certain Price Actions & ” hints ” in the market, You would know whether how to trade this strategy profitably too.

Read on below as I share how to extract the ” hints ” from the market to put all odds on my side…

In fact, on that particular Monday when the forex market opens again, only the few EUR pairs are having such Gap/s…

So why do I decide to trade the EUR/JPY…..but NOT the EUR/USD then ?

Here’s my reason :

I do not like to trade currency pairs which are TOO CLOSELY associated….

Which in this case , the EUR is the common ” based ” currency….so they are definitely closely related…

If I decide to trade both pairs, then the risk would be DOUBLE as well….as both tend to move in the same direction……so if I am wrong…..both would give me headache at the same time…..!

As a full time trader now, I treat the ” RISK ” that I would encounter with extreme cautious and of course I would respect such RISK too…..

I always believe in NOT going against RISK that can be foreseen and NEVER PRESUME everything would be fine……

So for this situation, I decide to choose the EUR/JPY to trade because by looking at the USDJPY chart, it is a clear DOWN TREND / DOWN CHANNEL during that period…

Like this :

From the above screen-shot, You can also see that the USDJPY pair is in a nice DOWN CHANNEL for that period..

When USDJPY is in a DOWN-TREND….

Is USD STRONGER…….. Or JPY STRONGER ?

Am sure You would agree that it’s the JPY that is STRONGER ….right ?

JPY is Stronger than the USD ( which is weaker )…..that’s why it is a DOWN TREND for that period..

So since I know that generally the JPY is stronger than the USD…

Which do I choose to ” SHORT ” then ?  Is it the EURUSD……OR EURJPY ?

Of course I would choose the EURJPY to ” SHORT / SELL ” again for this strategy right since JPY is stronger and that would give me a better chance to succeed..

In forex trading, it is all about ” Knowing ” the PICTURE in the market and then use all these small proven hints to help You make better ( Profitable ) trading decisions end of the day….* smile *

If You are not trading with such confidence yet…..don’t give up…..because I believe if I can do it….You Guys Can Do It Too !  ( and I am not a university graduate ..NOT even having any financial background )

Hang on to Your goals in life and don’t let go…..that’s already half the battle won !

Successful people might not be as intelligent as You are…..but because they DARE to dream big and then work towards that BIG GOALS in life & Achieve SUCCESS…..no matter how hard it is……agree ?

Same for mastering this forex trading too…..! * smile *

Alright….enough of that ” positive thoughts ” stuff….let’s get back into the forex strategy on GAP.

Now that I decide to trade ( SHORT ) the EURJPY instead of the EURUSD ….though both pairs are seen with GAP/s in the market..

Next are the most critical elements to consider and they are namely :

1)  How Do I Decide When To Get Into the Trade To SHORT ?

2)  How Do I Decide What ” Take Profit ” Target To Aim For ?

3)  How Do I Decide What ” Stop Loss ” Target To Use As Well ?

Next coming up, I would be sharing on all these in a step by step manner…

Read On…

————————————————————————————————————————-

How Do I Decide When To Get Into the Trade To SHORT ?

————————————————————————————————————————-

Before anything, I need to highlight an important point here first about this EURJPY pair..

It would be good for YOU to consider this ” important point ” that I am sharing now for Your own tradings in future - To increase the odds of winning for Yourself….

You see….as I mentioned earlier that I would be ” SHORTING / SELL ” the EURJPY for this GAP strategy..

BUT….what if I tell You that this EURJPY pair is technically in an UP TREND ?

Does that means I am trading Counter Trend ?

Is that very risky like what other traders said so…?

If You are also wondering ” how uh “….

Don’t worry for now….as after You read my step by step explanations below, Your doubts would be all cleared by then….* smile *

Let me show You the Up-Trend/ Up Channel ( Screen Shot ) of This EURJPY :

As You can see too….this EURJPY is generally in an Up Trend as shown by the UP Channel ..

So although I am taking advantage of the ” GAP ” that happened  in the market…..I cannot just simply jump in and trade without confirming my ” rules & checklist ” though….

If  any trader simply ignore to go through the rules and checklist and hope that everything would be fine end of the day….then that’s the WRONG way to trade I must say..

Long term wise……this type of trader would only SUFFER…..and most likely GIVE UP this forex trading entirely because of the FEAR after losing all the money..

So are You one such trader ?

Hmmm……Not too late to know what’s RIGHT though…..* smile *

For me, I like to use ” CONFLUENCE ” from the market itself to convince myself that it is a set - up that is worth trading..

Yes…..that would include weighing all the RISKS INVOLVE….as well as the Rewards that can be expected…

Here’s how I do it :

1)  Although this EURJPY is in a general UPTREND……BUT  the level that I intend to SHORT actually coincides with the previous ” Critical Resistance Level “

( This is the resistance level that we saw about 400 Pips PLUNGED previously..)

So it is definitely one resistance level I would watch for again this time.

Here’s an illustration to show this ” Critical Resistance Level ” :

2)  Furthermore, this level that I would like to SHORT actually ” also ” touches the Upper Limit of the channel I drawn ( refer to illustration above )…

And the best thing is that a perfect ” PINBAR ” is seen at that upper trendline too - With The Price FAILING To Close Above that trendline !

This is definitely a good sign of a ” Reversal “ for me to SHORT….* smile *

But of course, with the PINBAR alone, it is NOT good enough for me to SHORT yet…

I need the next candle to be a ” BEARISH closed ” to confirm….

And just as I anticipated, after 4 hours, a BEARISH candle closed is spotted - Which is exactly what I am waiting for as a form of ” confluence ” indeed.

As such, I SHORTED 2 lots right at the closed of that Bearish Candle ..

Here’s a screen shot to show :

————————————————————————————————————————

Next……How Do I Decide What ” Take Profit ” Target To Aim For ?

————————————————————————————————————————

Too many traders commit the mistake of using ” any number ” they like while planning the Take Profit Level WITHOUT considering whether is it REALISTIC or not based on the Price Action in the market.

That is truly wild guessing or just trying their luck ….and hoping that everything would be fine…and their so called ” simply guessing numbers ” kind of Take Profit target would be hit somehow…

Hmmm….I do not like this way of trading definitely as I prefer to be in control instead of ” Hoping  that everything would be fine “….

In order to be in control and feeling really confidence about any position I take…..of course I need to use proper techniques to analyze the Price Action on the market for my ” numbers  ( Take Profits Target in this case ) to be used…

Here’s how I try to ” Anticipate ” what would happen next based on the market flow ( & trend characteristic ) :

Considering it is an uptrend channel for this EURJPY pair…

It is important that we consider whether the Take Profit target we planned to aim for is realistic or not…

( And NO…..we don’t do that by wild guessing or relying on luck …)

But try to anticipate what the market is likely to behave next based on the current Price Action..

Yes….in order for anyone to ” anticipate ” the way I do….it is paramount that Your chart reading and technical analysis skills must be good to a certain standard..

Or else…it would be hard for You to dissect the market like I do…

If You are not at that level yet…..don’t worry….just keep reading from my forex strategies and soon You will get more and more familiar in the process.

Ok…..since I am SHORTING this pair and it is technically on an uptrend…….BUT I already have all the ” confluence ” in place to support my SHORTING BIAS…

It is time to plan my Profit Target now…

Let me first consider the WORST CASE scenario ….

If this drop is just a retracement to the 50% level……can it hit my Profit Target ? - This is my first consideration since I am planning to exit right at the BOTTOM OF THE GAP.

And if You refer to the above screen again, You would see that even if it is just a RETRACEMENT to 50% before resuming Uptrend……My Profit Target Could BE HIT though…….which is good ~!

Of course the other situation would be that Price would plunge to the Lower Channel limit before bouncing up again….BUT this is not my concern as I am only trading the GAP.

So upon considering the worst case scenario, I planned my Take Profit target ( TP ) at the Price 125.900

Here’s an screen shot to show :

Do note that the ” ACTUAL BOTTOM Of THE GAP ” is lower than 125.900…..but I like to give it some allowance by NOT planning exactly at that edge…

After all… forex trading is just a game of WINNING the probability as many time as possible ….again and again to make money every month.….right ! * smile *

Now that we know we are SELLING / SHORTING this EURJPY at Price 126.98…

And aiming the Take Profit Target at Price 125.900..

What else we need to do next ?

The STOP LOSS point of course…….( unless You don’t like to use one…..! Hmm….But I DO HOPE You at least have a Mental Stop Loss Level …….)

————————————————————————————————————————

Last Point…….How Do I Decide What ” Stop Loss ” Target To Use As Well ?

———————————————————————————————————————–

When mentioning about these words ” Stop Loss ” to traders…..it would somehow trigger mixed feelings in each individual…

Why so ?

Because some traders would ONLY feel comfortable when they are using a pre-set stop loss level….

Whereas some others might be comfortable with just a ” Mental Stop Loss “…

On the other hand……some would even go WITHOUT a Stop Loss level - BECAUSE they have been getting hit and hit again until it made them lose confidence with using a Stop Loss now……Arghh!

I must admit that placing Stop Loss level ” Correctly “ can be a REAL CHALLENGE & TRICKY for most ( struggling ) traders.

Using too tight a Stop Loss…..You might get hit….again and again only to see the trend goes the direction You previously wanted..

On the opposite, if You choose to use a bigger Stop Loss, You could not achieve a Good Risk/Reward ratio for Your trades…….

Hmmm…..that’s really frustrating I can understand…… as I also suffer from these problems years back before I succeed with this forex trading.

But once I understand these 2 elements, I begin to see good success :

Element #1 ) The sole purpose of placing a Stop Loss is to ” Protect Our Capital Should The Trade Goes Against Us - Because We Are Wrong About The Direction “

Element #2 ) The Stop Loss level should be placed at a level that the Price is NOT / Less Likely To Breach..

If You allow Yourself to understand these 2 elements and adhere strictly to them for all Your trades…..

…..then Your trading confidence would improve significantly and the fear of seeing Your Stop Loss hit again and again previously would be progressively diminished too by then…

So for this GAP forex strategy, how do I decide ” where ” to place the Stop Loss level in order to obey the 2 essential elements I shared above ?

Very simple for this set - up..

Remember I mentioned these 2 factors above :

1)  Our Entry price coincides with the Previous ” Critical Resistance ” level..

2)  Nice PINBAR spotted bouncing off the Upper Channel Line..

Based on these 2 ” facts “….it is definitely good enough to place the Stop Loss just above that PinBAR !

And I like to give about 10 pips allowance from the tip of the Pinbar just to give it some reasonable room to breathe.

So the calculated Stop Loss level is set at Price 127.58 ( 60 Pips from entry price )

Here’s a Screen Shot to help You Understand more :

A nice and tight 60 pips Stop Loss place above the PINBAR…

And aiming for 108 Pips of Take Profit target…..

This gives us a ( reasonably ) good Risk/Reward ratio of  about 1 : 1.8

Each of these analysis were done before the closed of that 4 hourly Bearish Candle..

And it only takes me about 2 minutes to derive all these numbers and then made my final decision of whether should I trade this set - up…..* smile *

Of course it might look like alot of things to consider here….but once You get better and more confidence through practice…all these would then become 2nd nature to You….

Just like driving…You don’t really take so long to think as compared to the period while You’re learning how to drive…..agree ?

Same thing here applies for forex market analysis….

Of course the main key here is to learn the ” proper techniques ” to do so….and Price Action is the answer….no doubt!

And after about 15 hours of trading….the Profit Target for this trade was hit at Price 125.900.

( for a nice profits of 108 pips )

Here’s the screen shot to share :

Here’s the earnings proof with ” Entry , Take Profit & Stop Loss ” for this trade :

( click to enlarge )

Forex Gap Strategy Earnings

Using this ” Gap ” forex trading strategy, I nailed 108 pips which equates to a nice Profits of USD $2321.82. ( As shown above )

Although ” Gap” is not very common in the forex market as I mentioned right at the start of this post…

BUT by equipping oneself with a proven strategy to trade such GAP ….AND when You happen to spot them in future, You would also know how to trade such ” Gap ” confidently then - Which is definitely an advantage.

Most importantly, You would know what are the ” important factors ” to consider too before deciding whether is that set-up a High Probability one……

And You would also know how to calculate and take all foreseen ” RISKS ” into consideration too….( which is very crucial for long term trading success )

Of course, do not trade LIVE until You are very confident with this trading strategy though..

Practice it on a DEMO account first till You’re confident and ” Really Confident ” is advisable…* smile *

One thing to note here is that if You are competent in trading Price Action strategies already….then trading such strategy which takes advantage of the ” GAP ” in the market is definitely BREEZE to You then…

So do read up more on Price Action if necessary ya….

I shall conclude here for this post..

And I hope You have learn a new ( proven ) forex trading strategy to be included in Your ” strategies basket ” after this…* smile *

Thanks for reading this far…

Happy Trading and spotting the ” GAP/S ” !

This is due to one simple fact - And it is none other than the ” tremendous benefits ” forex trading has to offer.

Even traders who used to be active in other financial tools ( such as options or conventional stocks trading ) would not give this forex market a miss.

Well…when this is a lot of money to be made from any financial market and especially when the profits can be made ” Fast & Exponentially “……which trader would resist it right ?

In this post, I shall share some of the major benefits You would get to enjoy too by trading the forex market.

Here we go :

1)  You Can Profit 24 Hrs From The Forex Market

The forex market is open for trading 24 hours a day and 5 days each week.

Hence as a trader, You can choose to trade anytime You want and in any market conditions You want..

…Which also means You can trade early in the morning ” before work “….OR late at night ” after work “  - This kind of 24 hours market definitely makes it very convenient for any forex trader ( trade and make profits ) anytime they feel like it !  )

This is indeed a BIG PLUS point as compared to the stocks market - As it is NOT a 24 hours market and resulted in stocks trader needing to stay up ( late ) to trade most of the time……” sleepy…hmmmm” !

Because there is a ” closing period ” for  the stocks market, as such it is very prone to GAPPING which most stocks trader detest very much.

For a 24 hours market like forex, Gap is hardly seen. Perhaps only on a Monday morning when the banks are closed for the weekend.

Bottom line is that with a 24 hours market, You can generally find a trading period that suit Your trading style !

2) You ” SURE Can ” Buy Or Sell Your Positions Anytime

Forex trading is the largest financial market in the world and because it is a 24 hours market, the ” liquidity ” is excellent.

How does this benefits You then ?

Anytime You wish to Buy Or Sell a position, You can do so WITHOUT having to worry about Your orders not getting filled.

Which also equate to having the ” freedom ” of You entering and exiting the market anytime You wish.

3) Plenty Of Free Forex Resources Online For You

Be it news, forums filled with trading strategies, website filled with forex tips, video sites that offer Live trading videos or the many types of different trading platforms  - These resources are easily obtainable for FREE online indeed.

The main trick is to know what are the reliable ones You should learn from ! But with so many informative and reliable forex forums around providing helpful reviews, the tasks of finding good ones are indeed made simple with that.

4)  Low Trading Cost & NO Commissions Charged

In forex trading, there is no clearing house or exchange but simply an Over The Counter ( OTC ) market.

As such, the trading cost is very low, commissions and clearing fees are also being eliminated from the transaction costs.

5) You Can Trade ” Micro, Mini Or Standard “  Lots Size

Whether You have $50,000 or just $50 to start trading the forex market, You can do so without any restrictions.

Most of the brokers offer these lots size : MICRO, MINI Or STANDARD

Micro :  1 pip about $0.10

Mini :  1 pip about $1.00

Standard :  1 pip about $10

So it’s up to You to choose what kind of lot size You want to trade..

Of course, if You are just a beginner ( or struggling intermediate ), it would definitely be good to start ” small “  ( mini lots size ) to build up Your trading confidence as well as trading skills…

No point trying to risk huge capital ( hoping to get big returns ) but only to lose ALL Your funds to the market end of the day…..making You frustrated, Sad and Miserable…

6) The Power Of ” LEVERAGE ” In Forex Trading

One of the most powerful element that makes forex trading so Superior over other financial tools is the ” Huge Leverage ” it offers.

Using the standard leverage of 1 : 100 , You can simply invest only USD$1,000 and trade up to USD$100,000 of currency value.

It is this kind of HUGE Leverage that enable forex traders to get very good profits ( as well as Return On Investment - ROI ) in a relatively short time.

However, this is in fact a double edge sword - As any financial tool which You can use to make money fast, You can also LOSE money fast as well..

BUT….with proper ” Calculated Risk ” brought into consideration and trading with a GOOD RISK/REWARD ratio each time, You do not need to worry about the losing part generally…

Why so ?

Because with a GOOD Risk/Reward ratio, each time You lose, You lose less. But when You WIN, You are going to WIN Much More !

Having said that, some brokers even offer up to 400x leverage previously…( but recently the NFA has been restricting down to just 100x maximum -  But still….it is really good enough to make forex a very powerful tool  )

7) You Can Even Earn Interests For Some Positions

In Forex trading, You are basically trading currencies and it is always a Pair ( 2 different ones ).

As such, for some positions, You can even earn interests when You hold the position for a certain period.

These 7 benefits are some of the major ones retail traders ( like You and Me ) can enjoy - No Doubt!

They are definitely not all of course…..but good enough for anyone to see the power of  forex trading at this point ( having read through them )

Next, allow me to share a comparisons ( between stocks and futures ) to help You understand better :

Forex Benefits Comparison

Alright, so much for this article on the ” Tremendous Benefits ” You can enjoy with forex trading…

I hope You are getting a clearer picture now ( if You don’t previously ) and finally understand why so many people are jumping into this forex market ” HOPING To SUCCEED “…

With so many benefits this trading game can offer, many people sure cannot resist the temptation of ” wanting to try it out as well “….right ?

Due to this fact, people who are willing to learn the ” proper ways to trade the forex market ” would enjoy ( nice profits ) in the long run…

Whereas those that choose to take the ” Short Cut Method Or Get Rich Quick Mentality ” only suffer HUGE Disappointment end of the day……and of course losing all their trading capital…

Learn the ” right ways to trade ” from the very beginning can definitely save You a lot of unnecessary frustration and misery in the long run…

SO……if You’re  still a beginner ( or struggling to make money from forex )…..You know which is the ” wiser ” path to choose now…. right ? * smile *

Next article I am doing to write about is on :

” How Do YOU Make Money Trading The Forex Market ! “

” Forex ” also can be known as ” Spot Forex “, ” FX “ or ” Retail Forex ” basically refer to the foreign exchange market.

It is literally the largest financial market in the world with a total ( average ) volume of about $7 Trillions flowing in and out every day…

If You don’t know how ” HUGE ” a market that has $7 trillions flowing around each day….let me give You an example below by comparing to the commonly known stocks market..

One of the largest stocks exchange is the New York Stock Exchange ( NYSE ) - No Doubt about this !

But it only has volume of  approximately $20 - $25 billions each day…

So if we make a comparison between the Forex & NYSE….Forex is anytime much bigger by at least 6 -7 times..

That is ” How GIGANTIC ” the forex market is….

As such, due to the large volume ( $7 trillions market ) - That explains why forex trading provide retail traders ( like You and me ) with so many benefits as compared to other financial tool…

( read on below as I share more about the benefits later )

Forex Trading ? OK….. But What Do You Actually Trade ?

To put it in the simplest way - You are actually trading ” Money “, ” Currency ” Or ” Cash “…

And You trade the currency through a brokerage company or dealer.

In forex trading, You trade currencies in pair like this :

- The American Dollars against the Japanese Yen ( USD/JPY )

OR…

- The British Pounds against the Swiss Franc  ( GBP/CHF )

Because You are not buying anything that is physical ( unlike investing in gold or properties ), it could be rather ” weird or confusing ” to most people who just started with forex trading..

If You are indeed feeling confused by this idea….then just think of the entire forex trading as investing in a country.

For example :

If You think that the British Pounds ( GBP ) is going to be WEAK against the Dollars ( USD )….

( Perhaps because Britain’s economy is not as good as the USA….)

….Then You would be Selling GBP against the USD  ( GBP/USD ) - Which also means Your bias is a Down-Trend for this pair…

Selling GBP Against USD

Likewise, if You are Buying ( GBP ) against the USD, then Your bias is Up-Trend for this pair.

In fact, as long as You know :

- Which direction to trade

- when to enter and when to exit ( with profits )

… then You are a winner for the trade.

Where Do You Trade This So Called ” Exchange Of Currencies ” Then ?

Unlike the stocks market, the forex market has neither a central exchange or physical location.

The entire market is run electronically across all banks ( 24hrs a day ) which is why it is considered the ” Over The Counter ( OTC )  / Interbank ” kind of market…

Previously, if You do not have a Really Deep Pocket  or  Big Fat Bank Account…..then there is no way You can trade in the forex market…

It is only available to the big institutions, major banks or traders with high net worth.

Only until the late 1990s - With the invention of the internet, then it is possible for ” retail traders or little guys like us ” to trade through online brokers.

As long as You have a proven set of profitable trading strategies, a computer ( or laptop ) , a relatively fast internet connection and of course some funds to start a trading account…..You can also start trading forex ( from anywhere You want ) !

Which Are The Currencies Being Traded ?

Every currency literally represents a country. So for any country You can think of, there is probably a currency that belongs to this country and being traded.

However, there are some currencies that are being traded ” more often ” than the others..

Below is a list of the more popular currencies for You to learn more :

Popular Currencies In FX Trading

As You can probably see from the ” symbol” column above as well that each currency is always 3 letters in symbol name.

Such as :  JPY, GBP, USD….

Why are these symbols constructed this way ….You might be wondering..

Well…that’s because the first 2 letters actually identify the name of the country…

….and the 3rd letter is the name of the country’s currency.

Example :

( JP ) Japanese  (Y) YEN ….that’s why it is ” JPY “

( GB)  Great Britian (P) Pounds…..that’s why ” GBP “

What Timing Are Currencies Being Traded In The Market ?

Forex trading is a 24 hours market because at any time around the world, there would be a financial institution or bank that is in operation.

….At about 7am ( asian time ), Australia would start it’s operation..

….Then at about 3pm ( 8am GMT ), London would come in and start it’s day..

A few hours later at about 8pm ( asian time but USA just turn morning  ), USA would join in and start it’s operation too…

And this pattern continues throughout the week ( except on the weekend where most banks are closed. )

Here’s an illustration of the  Trading ” Time Zone ” for You to understand more :

Forex Trading Hours

Currencies Distribution In The FX Market ( which is more popular ? )

The US Dollars ( USD ) is the most commonly traded currency commanding market share of more than 84%.

( This means most of the currencies pair would have USD in it…such as EUR/USD, USD/CHF, GBP/USD, USD/CAD……etc )

2nd place would be the EURO ( EUR ) having a market share of about 36%..

Then follow by the Japanese Yen ( YEN ) holding a market share of approximately 16%

Here’s an illustration for You to learn more :

Currency Distribution In Forex Market

Alright, so much for this post on the essential Forex Basics for You guys…

Next topic I am sharing is on : ” What are the benefits of Forex Trading “…

Click on the link below to proceed to the next topic :

* What Are The Benefits Of Forex Trading ?

Just like other trading example I shown in my blog, I am also using Price Action to trade the Non Farm Payroll as well…

( A Major News NOT To Be Missed In Forex Trading ! )

In the first NFP forex strategy, I shared a trading technique which take advantage of some ” reversal ” hints in the market after the release of the actual NFP announcement..

It is a combination of using both ” Fundamental + Price Action ” strategy actually…

And it requires trader to ” get in fast and get out fast ” based on the Price Action in the market..

As I am already very familiar with watching the Price Action formed in the market…

I do not pre-set any Stop Loss or Take Profit level for the previous NFP strategy….BUT rather just rely on the current market condition to decide upon..

However……….some of the traders actually wrote in to me requesting that I shared another strategy in which they can ” Pre-Set  a Stop- Loss level ” …..

As well as ride the market for MORE PIPS each time … ( profits )

Wow !…..

Isn’t that BEST OF BOTH WORLD uh…?

Pre-set a Stop Loss at ” Strategic ” level…

AND…..ride the volatile market ( after news released ) for MORE PIPS…

Is there such a forex trading strategy for the NFP then ?

Good news !

There is and I have been trading using this strategy too…… IF I see a good & proven set-up for this technique for trading the monthly NFP…

If You’re also keen on this technique I personally formulated..

Then do continue reading …

————————————————————————————————————————

BUT first……some WARNING for You here first ( grin) :

———————————————————————————————————————–

For most people who have decided to venture into this forex trading business….it is very ” normal ” for him / her to try to trade the Non Farm Payroll…( at least for once )

Why so ?

Because everywhere You go….be it forex forums or just some forex books from the bookstore, You will definitely see some forex strategies talking about ” trading ” the Non Farm Payroll..

Well…..sad to say this though…

For majority of the people who traded this major news which happen on the first Friday of the month - They Would ” Lose Money ” 9  out of 10 times !

And the LOSSES can be really HUGE for those who purely treat this super volatile news announcement as an ” GAMBLING TOOL “…..

They do not practice money management at all….and simply dump in a BIG portions of their capital thinking that it is ” Easy ” to nail those pips after all…

( just because they have been MISLEADED to thinking that anyone can make A LOT of profits in a really Short period out of it ! )

That is 50% true though…

BUT…..this is a ” Double Edge Sword ” in fact..

You can Win a lot of money in a short period during a NFP announcement….

HOWEVER….You can also LOSE A LOT of money in a very short period too…

If You have had some bad experience with trading the NFP….then am sure You would understand what I meant by the above sentence…..

( ….however if You have not encounter any bad experience yet…..then I hope You do not have to at all ! )

On the other hand….there are some people who also walked away happily making maybe say 10 - 20 pips from trading the NFP..

Yes….they did not lose after all..

BUT…..what about the STOP LOSS ?

Are they going to set it at 10 - 20 pips as well ?

OR….simply don’t care and DON”T set any Stop Loss at all BUT just hoping that ” everything ” would turn out fine ?

Hmmm….that is definitely NOT the way to trade such volatile news I dare say..

Any trader who just ignore this fact and continue to trade in the ” WRONG ” way would definitely find it very hard for them to survive trading the NFP announcement in the long run…

And this is the reason why so many people find it very frustrating about… ( including some of my fellow readers who stumbled upon my forex blog )

That is why recently a lot of my readers wrote in to me asking about my own forex strategy for trading the Non Farm Payroll…

And You might have guessed it too..

Most of these readers are really ” frustrated ” with trading the NFP now…

Because they confessed that they are always trading on a very ” fearful ” mindset and they really want a more ” reliable and proven ” way to conquer this Non Farm Payroll…

Since they are feeling fearful and not confidence about trading the Non Farm Payroll..

Then I ask them this one question too :

“….Why don’t You guys DON”T trade the NFP at all ?

….Since You guys are not confident about Your trading strategy for this super volatile major news announcement ? “

Know what most of them answer me for this question ?

————————————————————————————————————————-

Most Of Their Answer ( carries this same meaning ) :

They know that Non Farm Payroll is very volatile…..which means the market would MOVE MASSIVELY…

When that happens…there are MASSIVE PIPS for them to grab too…..

That is why they are always ” tempted ” to trade this NFP.

————————————————————————————————————————

I have already wrote a post sharing my own forex trading strategy for the NFP in this blog to share with fellow readers previously..

But since I have been getting quite a number of emails ( about 50+ ) asking for more of my strategy that they can model to trade the NFP..

I decide to write another post sharing another strategy for the NFP this time here.

( Which show You how to pre-set a Stop Loss level….and grab MORE PIPS ! )

For each NFP, I would try to trade it definitely..

Unless I am attending to other important activities or events…then maybe would give it a miss..

( Or sometimes if the market condition or set-up is not ” good enough ” for me …I would step aside and don’t want to take unnecessary risk at all…)

For this following NFP strategy, the set-up is a rather ” common ” one which always present during the announcement..

And if You are also trading using Price Action strategies too…

Then nailing good pips from such volatile market condition from the NFP announcement would be ” NO Sweat ” for You then….

Here’s an overview of where I choose to ” Enter & Exit ” for a good 105 pips total ..

And using my so called ” Partial Lots Exit ” technique..

After analyzing the market using Price Actions strategy…

I ” Shorted / Sell “  4 Lots at the Price 1.36890  ( which is the closing price of the bearish candle )

First 2 Lots exited after Take Profit Target of 45 Pips hit….

Last 2 Lots exited after Take Profit Target of 60 Pips hit..

A total of  105 Pips grabbed for this trade using this forex strategy.

( And the beauty of the set-up I look for would most of the time give me a very ” Good Risk/Reward ” ratio…..which is very important for long term success ! )

Read more to find out the details for this proven strategy below……as well as for the screen-shot of the earnings proof for this trade.

Alright….here we go now !

————————————————————————————————————————

PS : One more thing which I think You need to know here before we start though…

As I am already ” Very Confident ” with trading mainly using Price Action strategies all these while ( more than 4 years )…..therefore it is  very ” natural ” for me to scan for good set-ups on the chart while trading…

But for the sake of sharing this strategy as ” easy and simple ” to understand as possible for even absolute newbies reading my blog…

I will also include as much details as possible…

So if You already know this basic from reading other forex strategies on my blog….do bear with me for awhile ya….

In fact……..It would be good that You read every single word in this post so You get a ” FULL Picture ” of  this strategy….

As well as my Decision Making Process -  This is worth GOLD !  ( Money can’t buy my brain at least for now…* smile *)

So much for this opening….let’s go into the meat of this forex trading strategy for the NFP now..

To trade the monthly Non Farm Payroll with high accuracy…

It is critical that You at least know the 2 ” important ” numbers namely :

1)   Consensus

2)   Actual

Why so ?

Simply because these numbers would affect the market most of the time….

Especially when it is ” very bad or very good “…

Which is what I called the element of ” Surprise Factor “….

BUT….no matter what’s the actual numbers are…

It is VERY IMPORTANT that You place all the emphasis on the Price Action from the market though…

Confuse with this ?

Don’t worry……read on as I make everything very simple for You to understand below.

——————————————————————————————————————–

Here’s a screen shot of the actual & consensus numbers taken from Action Forex  ( click to enlarge ) :

———————————————————————————————————————

NFP Results

The Consensus is 15k..

But the Actual is -22k…

So technically…this would ” weaken ” the USD.

If You know don’t this yet….

When I am trading the Non-Farm Payroll…I only focus on the EUR/USD pair.

Reason being is that this pair gives me very reliable set-ups according to the fundamental outcome & market’s sentiment..

Am sure You would agree that if what You see on the market are ” most of the time RELIABLE “….

You would be WINNING ” Most ” of the time too….right ? * grin *

OK…..since the USD would be weaken because of the worst actual NFP results ….( -22k instead of 10k )

Then my bias would be an ” Uptrend ” for the time being…

HOWEVER…..

Since this is a different strategy as compared to the previous one where I ” enter and exit fast “….

Of course there are other considerations You need too…..before committing into a position..

So HOW ?

Here are the considerations You must take :

1)  Is this ” Uptrend ” bias ( due to the worst than expected results ) against the MAJOR trend for this pair ?

2)  When is the ” best time ” to get into a trade so as to use minimum stop loss YET it could be placed at a STRATEGIC Price Location….?

Step number 2 is essential as this technique allows You to Pre-Determine a Stop- Loss level ..

Hence….abit of planning is definitely essential !

So upon considering these 2 elements…

We have a problem here though…

Firstly….the major trend has been a ” DOWNTREND ” previously for the EUR/USD….

….and it is against our NFP bias for an Uptrend !

( due actual NFP results & supposedly weaker USD )..

Here’s a screen shot to help You understand better :

From the above illustration…

You can also see that it has been a very Strong Down-Trend ” Prevailing ” for this Eur/Usd pair

So if we intend to Trade Against the Major Trend…..we need to be very skeptical about it though….

So how now ?

Better not trade against the Major trend…..and just give this NFP a miss ?

Well….like what I mentioned above ( and in other posts as well )….

It is good to trade ONLY if the ” set - up ” we want has shown on the market…

No point trading with a guessing mindset or just try our luck…….because most of the time it would only lead to fear, frustration and losing our capital…

Alright……at this point, things get abit ” trickier ” now…

But if You can also read the Price Action from the market like I do…

Then You would know what to look out for…..and how to trade the set-ups with ” confidence ” as well…

Let me show You the strategy on how I nailed 105 pips next..

Right after the announcement of the actual NFP results ( -22k ) at 1330 hour…

The Price actually begin to climb up initially for about 50 pips…..

BUT ” failed ” ultimately forming a Tower  Top ( common Candlesticks Formation ) and PLUNGED big time downwards forming a NEW LOW even…

This shows the SELLERS are somehow ” still dominating ” the market…

So based on this observation, it somehow makes our bias of an UP-Trend…….turning into a DOWN-TREND now…

The key here is to look out for a good and proven ” set-up ” to enter into a SELL trade…

And truly….after a while …this set-up indeed formed in the market and I used it for my ” SELL Entry “..

Here’s an illustration to help You understand more :

NFP strategy Set Up

Now….referring to the above illustration..

You can also see that the Price started to ” Retrace / Pullback ” after forming a New Low for the session..

The price then ” retrace / pullback ” to a point and FAILED….

Subsequently forming an Inverted Pinbar - Which is a good hint that the Sellers are much Stronger than the Buyers at this stage….

( Also ….if You plot a FIBONACCI on the point it failed…it is also about 50% FIBO level …..which is a good zone to enter for Trend Continuation…)

Upon gathering all these ” hints ” from the market..

I then make my ” SELL Entry ” of 4 Lots for this NFP strategy…

Here’s an illustration for You to understand better :

NFP Entry Setup

Now that You know how I analyzed the Price Action in the market to decide on a ” SELL ” trade instead of a BUY…

With this information shared….it would not make my fellow readers happy yet though…

Why  so ?

Because like what I mentioned right at the start of this post..

They wrote in to me asking for a strategy in which they can ” pre-set a Stop - Loss level “…

…as well as ride for good pips during a Non Farm Payroll announcement without feeling ” Uncertain or Stressful ” like what others normally go through….

So next coming up is of course to teach You guys how to decide on a ” strategic ” location to place the Stop Loss..

Wild guessing a stop loss value is definitely NOT GOOD for long term success..

This is due to the fact that a 25 pips stop loss might work for situation A….

BUT….in situation B….You might need 30 pips to survive and allow the trade to breathe freely….

Let me show You how below then..

Here’s the illustration to help You understand better once again :

NFP Strategy Stop Loss

A ” Strategic ” location to place the Stop Loss is a few pips away from the tip of the Inverted Pinbar…

This is so because the Price has FAILED previously at that level…..

Thus,  if we are right about the direction…..it is very ” less likely ” that the price would breach that level again…

With a 30 Pips Stop Loss..( in this case )

We are going to aim for 2 Profit Targets for this NFP Strategy…

First Profit Target would be 1.5 x our Stop Loss of 30 Pips  ( 45 Pips that is….)

Second Profit Target would be 2 x our Stop Loss of 30 Pips (  60 Pips that is…)

And since I ” Shorted 4 Lots ” ( 2 x 2 separate lots ) into the market …

Then each time I exit would be 2 Lots each…

So does this EXIT Strategy gives You a Good Risk/Reward ratio ?

Of course it does….

( In fact….for all of my forex strategies - Having a Good Risk/Reward ratio is one ” Critical ” element I place a lot of emphasis on and likewise for this NFP strategy )

Do the simple math here and You would agree too…

We are aiming for ” much more ” profits that the stop loss…

So end of the day…..it is indeed giving us a Good Risk/Reward ratio…..simple !

But before You can secure those Pips into Your pocket…

You need to know ” HOW & WHEN ” to exit the FIRST position…

This is very important so as to avoid seeing the profits ( pips ) You successfully nailed previously being given back to the market ” IF ” it reversed…

So how do You do all these to avoid losing all those pips You accumulated then ?

Let me show You this simple yet proven ” EXIT ” strategy next…

I will try to make it simple to understand but no harm reading a few times more if You don’t get it the first time ya…* smile *

Here we go….

NFP Strategy First Profit Target

After about 23 mins of trading since I shorted 4 Lots at Price 1.36890..

The first Profit Target of 45 pips was hit at Price 1.36430..

So the first position with 2 Lots was ” automatically ” closed with the Pre-set Profit Taking Price..

Since the first half of the trading has been smooth sailing and we have profited 45 pips here…

We still have the 2nd position ( 2 Lots too ) still riding the market..

In order not to lose at all…

We must shift the Stop Loss for this 2nd position to BREAKEVEN now…

This is to protect & truly add advantage to our position…

Even if the market was to reverse…..then at least We Won’t Lose !

Sounds good to You….? * smile *

( I love the feeling of trading ” stress FREE ” anytime…..LOL ! )

IMPORTANT POINTS TO NOTE HERE :

From the above illustration…..

You should see a ” Pinbar ” formed after we have profited the first 45 pips too..right ?

OK…..this is crucial to this exit strategy….so do understand what I have to share next..

IF…..the Profit Target has not been hit AND You see such PIN BAR in the market…

THEN it is ” advisable ” to manually closed the first position ( 45 pips for this case ) …

( And shift the stop loss of the 2nd position to Break-Even too…)

This step is MANDATORY because when there’s a Pinbar formed….most of the time it would retrace/ reverse..

So in order to ” secure more pips “…..we would rather PLAY SAFE abit….and just exit at the candle closed…

Got this so far ?

Good…..

————————————————————————————————————————————————-

Let’s proceed onto the exit strategy for the 2nd position next :

————————————————————————————————————————————————

For the 2nd position, I am aiming for 60 pips of profits like I mentioned earlier ..

This is 2 x  the Stop Loss value ( 30 pips )…..remember ?

And with the Stop Loss being shifted to BreakEven now..

It is basically a ” FREE RIDE ” now …

Cool eh ? * smile *

After trading for about nearly 2 hours…

The Take Profit target of 60 pips for the 2nd position was hit at Price 1.36290..

( Although the price did retrace to almost near our Breakeven point….but fortunately it did not hit that point after that so this trade still proceed smoothly to the TP price….)

Below is the illustration for You to understand more :

NFP Trading Strategy 2nd Profits

Using this NFP trading strategy..

A total of 105 Pips ( 45 + 60 ) have been profited trading over  a 2 hours period…

———————————————————————————————————————-

Here are the 2 earnings screen-shot with the Entry, Stop Loss & Take Profit to share :

1st Earning Screen-Shot ( 1st Position )

( click to enlarge )

NFP strategy Earnings 1

2nd Earning Screen - Shot ( 2nd Position )

( click to enlarge )

NFP Strategy Earnings 2

Using this NFP strategy, a total of  105 pips  ( 45 + 60 ) have been nailed.

Which netted me about USd $2,100.00 of profits from this trade as You can also see from the earnings screen shots above..

Not too bad eh…?

( You can do it too….if You want….! * smile * )

As a matter of fact……

Many people are very keen on trading this super volatile major news announcement which released on the first Friday of the month..

Some people simply made 10 - 20 pips each time…

Some managed to nail 50 - 100 pips ( just like I do ) or even more…

However…..the fact is that only a small percentage survive…. ( out of  the many  who actually tried  …)

So if You’re here reading about this Non Farm Payroll strategy of mine because You truly want to succeed  ( or fight back what You lost previously )..

Then feel free to get familiar with this strategy based on Price Action + Fundamental ( numbers ) on a demo account on the next few NFPs..

This is without a doubt a very Proven Technique to trade the NFP ” Profitably ” and include all the good things most trader wants out of any strategy such as :

1)  You guys want to know ” how to analyse the market for BUY / Sell ” with high accuracy

2)  You guys want to know what  ” stop loss ” to use & WHERE to place it ” strategically “

3) You guys want to know what ” take profit ” to aim for yet maintain within the realistic range..

All of these are made possible because of the power of Price Action basically..

With given ” hints ” from the market ….You would be able to extract those ” hints ” and put to Your advantage…( once You know how ! )

So having read till this point…

What should You do now in order to trade with this kind of confidence and accuracy  then?

If You are still not proficient in reading Price Action directly from the market…

Learn It Of  Course ! *grin *

You would definitely benefit tremendously from Price Action too in the long term in almost ” ANY ” market conditions….not just trading the major news..

Alright…so much for this sharing on my 2nd trading strategy for the NFP…

I hope You have learn another proven strategy now….and also progressively expanding Your forex strategies basket too….

Remember to DEMO any strategy using virtual money first before You use them in any LIVE account alright ?

Trading with confidence override trading with ” Fear and Anxiety ” anytime…….agree ? * smile *

( especially when REAL money is involved…..and nobody likes losing definitely…)

Till then…

Happy trading !

Then this article is really ” Important ” to YOU….

If You have been reading around my blog on the many forex strategies posts I wrote..

Then You would also notice that I am truly a Price Actions trader who do not rely solely on the so called ” textbook technical indicators ” at all..

( On the other hand, if this is the very first post You read on my blog, then read on to find out some important Price Action information I am sharing below then…)

It is not that these ” technical indicators ” do not work…

But the deep truth is that these technical indicators are plain LAGGING In Nature…

Moreover, without knowing the limitations & weakness of the particular indicator/s You’re using…it could make Your entire tradings end up with disappointing results.

However….for most people ( newbies ) starting out venturing into this so called super lucrative Forex trading business..

They would ” Naturally Presume ” that using technical indicators …( as many as possible ) is the right way to profit from forex…

Sadly…..after weeks or months of trading…

These people who presume so….. would either end up DRAINING away all their starting capital….

Or barely breaking even …..everytime !

….though so much time and effort have been spent staring into the computer screen all the while…

I understand how frustrated and miserable it feels to struggle to survive in forex trading…

Because I was once a  struggling & miserable newbie too…( everyone does )

To tell You the absolute truth….

It is only after I discovered about Price Actions strategy…

And diligently reading all the information and books I could lay my hands on……..striving to master it…

Then I begin to see ” real profits ” week after week….

Month after month….

At the same time…my trading confidence is no longer as thin as a tissue paper anymore…

Day by day…..as I get better with using Price Actions strategy….

I do not have to rely on any ( Lagging & Unreliable ) technical indicators anymore….

It is really a very wonderful feeling to ” be able ” to trade the forex market with such strong confidence…..no joke….

With Price Actions strategy…..You do not even need to use any of those LAGGING & CONFUSING technical indicators anymore…

YES…..I am serious here when I said that…

You can just read into the market and spot for ” high probability ” set - ups ….with Your naked eyes….

And it is very accurate….

That’s because Price Actions is the only ” Truth ” You can extract from the market directly…..

It is the ” hint ” closest to what is really happening in the market currently…..

And then using it to predict the direction that’s likely to happen next…

( with HIGH Accuracy every time…! )

Frankly here…..

If You’re still trading using technical indicators such as MACD, Stochastic…Bollingerband……RSI….CCI…..EMAs….SMAs……and such…

But most of the time….

You either enter into a trend ” Far Too LATE “…….

Or …..just getting Your Stop Loss HIT….again and again….

Although You’re right about the direction of the market…..

Sounds familiar to You at all…?

Or even missing out on so many ” Profitable ” trading opportunities just because  You’re Still Waiting For All The Indicators To Align!

Sigh………

This way of trading is indeed NOT the correct way to trade…..really…

I have enough of those ” trading with uncertainty and fear ” previously..

And I realize that in order to succeed with forex trading…

I mean really make ” nice massive pips ( profits ) ” from the market on a CONSISTENT basis….

I ” Cannot Rely ” on these lagging technical indicators at all….

I need something even better….even more powerful….even more accurate…

That’s when I found out Price Actions is the answer…..

And now I am trading full time as a forex trader….

Getting at least 30 - 100% ROI each month…

( risking less than 3 - 5 % each time )

Which equates to a nice 5 figures income for me….

By accumulating earnings from successful trades like these :

Winning Trade #1 :  Usd$760.26 Profits

( click to enlarge )

UsdCad Interest Rates Strategy Earnings

Winning Trade #2 :  Usd$3,199.13 profits

( click to enlarge )

Earnings For Long Candle Breakout Strategy GbpJpy

Winning Trade #3 :  Usd$3,199.13 profits

( click to enlarge )

AudUsd Trend Strategy Earnings

Price Actions is very accurate and reliable for any traders ….

That’s a fact…

Anyone can also learn about Price Actions abit here….abit there…..on the internet..

However….most of my readers feedback to me that by looking at a ” static chart ” explaining about Price Actions…

They just could not understand much about it at all…

On the chart….it looks very nice….very easy to spot…

But once they go live and try out for themselves on a LIVE chart….with Live Price Movements…

They are very confused and completely LOST…

I can really understand why they face such confusion while trying to learn Price Actions …

Because I was also facing the exact same difficulty too previously years back….

How do I learn then…?

I literally ” glue ” myself to the screen for almost 10-12 hours a day..

( even secretly at work ! )

Just to ” try ” to observe and make out how to spot good trading opportunities using Price Actions I learn…

It is very Tiring I must admit……especially I am still holding a day job as a technician that time…

Sleeping at 3am or even 4am just to master Price Actions is very common for me….

But thinking back…..I am really glad that I am so focus that time…

If I did not possess such determination to learn Price Actions..

I would not be trading with such success now…

And enable me to grow my trading account rapidly and healthily..

Thus…..quitting my day job and trade full time from home….

( or any Starbucks outlet down town…* smile * )

It is created by this Pro trader called Hector…

Hector Trading Course Review

Your choice now….* smile *

To Your FOREX Success,

PS: This course comes with a 60 days money back policy….

You can gain Instant access into the members’ area here :

As trader, You and me know that as long as we are on the ” right ” trend…we can ride on it and grab some nice Profits..

However…most traders ( not just beginners ) are still struggling with identifying the ” right ” TREND to trade most of the time..

It might seem as simple as these :

“…It is an Up-Trend now….I shall BUY ! ”

“…It is an Down-Trend now…I shall SELL ! “

” …It is Sideway now….I shall BUY when Price is at next Support!”

These 3 sentences indeed seem very Simple for anyone to understand…

BUT !

Why is it that most traders are still struggling to even make ” Consistent ” Profits…week after week…month after month then?

Even till the extreme that due to their past ” failures ” …

They have developed a FEAR to enter into the market although the TREND is Obvious…

And as such….these traders would always end up ” Hesitating ” and having too many in-decisive thoughts before entering into a position..

What’s the ” Negative ” result of this FEAR ?

They would ” miss out ” on those good trading opportunities and when that happen…they feel ANGUISH & tend to want to enter the market ON IMPULSE….

With this….it started a very vicious trading cycle & mindset…and the consequence is normally NOT WORTH IT after all…

Recently one of my reader wrote in to me asking about this same problem about identifying a ” Trend ” in the forex market..

She wants to know is there any ” Simple & Safer ” way to determine the Forex Trend more accurately so that she can trade confidently without feeling so ” hesitant or fearful “….

Here’s the exact question from this lady to share with You :

——————————————————————————————————————–

QUESTIONS :

——————————————————————————————————————–

” …Hey Aaron, I have been following your forex tips & newsletters all these while and I really learn a lot from these tips. This is especially so when it is coming from a trader’s real experience..

I have a problem that I have been facing and struggling to overcome but without much success so I thought of dropping you an email seeking for your advice or any solution you can provide.

Here’s my problem :

I am a day trader ( intra-day ) and mainly trade using the 15 mins & 30 mins time-frame…

The thing is that everytime when I see that it is an Up-trend with ” Higher Lows & Higher Highs ” confirmation…I will enter and BUY..

But the sad thing is that out of 10 times I did this…6 would ALWAYS turn against me and hit my Stop-Loss causing yet another losing trade….again and again.

I am very sure it is an Up-trend and even my technical indicators are also showing the Up-Trend signals too..

After so many ” failures ” encountered….I am now sort of feeling FEARFUL and really VERY Hesitant everytime I spotted a trend not knowing whether to enter or not…

Hence…this resulted in me ” Missing Out ” on many good trading opportunities..

Since you are now a full time trader, I am sure with your experience and forex trading knowledge, you can give me some good advice on this.

So is there any Simple & Safer way to determine a trend in the forex market accurately ?

I am rather sick of trapping in this problem …frankly…

Looking forward to hear from you.

Once again…thank you for the tips all these while. Much appreciated !

- Auntie Lim ( via email )

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My ANSWER :

——————————————————————————————————————–

Hi Auntie Lim….thanks for contacting me with your questions..

You are really not alone as this is one of the most common problem most traders ( including intermediate ones ) face…

Even I myself also experience such frustrating problem in my earlier years of forex trading before I go full time…

It is part of learning I suppose…but at least you are willing to do ” something ” about this problem and move on for future success…

I can tell that you are serious and motivated to be successful with your forex trading after all….keep it up ! * smile *

Although you might be feeling very confused and kind of Lost now..

But I can confidently tell you that this is actually a very easy problem for you to overcome…

Firstly…you must not fully rely on the so called ” Textbook technical indicators ” to gauge the trend anymore if you want to overcome this…

That’s because technical indicators are always Lagging BEHIND the current Price and the Patterns formed…

When You rely on these lagging indicators…you also enter into a trend later too…..which is definitely disadvantage to you.

I am very sure when the trend already started….the technical indicators would not show you the entry signal until after sometime….

And that’s lagging…

That probably explains why ” when ” you are right about the trend but because these indicators are lagging…you enter late and the market turn against you soon after…

In order for you to determine a trend more accurately…I have another 3 steps method for you too….very easy to use and proven to work.

——————————————————————————————————————-

3-Steps method to gauge the ” Right” Trend the SAFER Way :

——————————————————————————————————————-
1)  You need to look at the DAILY time-frame for the ” Big Picture ” that’s happening CURRENTLY in the forex market now..

And if it is a Up-Trend now with the previous 2 candles’ closed also Bullish….then there’s a ” High Probability ” that it would be good to trade Up-Trend for the day!

Upon checking the ” over-all ” trend on the DAILY time frame, if it is also an Up-Trend ( this you can use moving averages to help you confirm )…then the Up-Trend ” Probability ” would be even
higher…

2)   Next….You need to switch to the 4 Hour time-frame to see is it an Up-Trend too…

If it is also an Up-trend…then the Probability is really High..

3)  Do the same for the 1 Hour time-frame…

And if it is ALSO Up-Trend…then you can be sure that the Probability is INDEED High!

This would boost Your Confidence significantly too as all the time-frames are showing the same direction….

So to enter into a BUY trade….open a position ONLY if it offers GOOD Reward/Risk ratio… ( very important ! )

Here’s why :

You might be ” right ” about the trend direction but if there’s a SPIKE ( long shadow….fake movement ) and hit your Stop-Loss causing you a losing trade…

But only to see the trend resume again after that..

You can ” re-enter ” again and since You are entering with a GOOD Reward/Risk ratio…..

You will WIN end of the day ! * coolz *

Since you are trading on the 15 mins and 30 mins time frame…

Then it is good that you follow the 3 -steps method to determine the ” big picture “…

This allows you to see the trend more clearly whereas in a smaller time frame….it is not accurate…

If the 3 time frames are NOT Inline….then maybe you can choose to stand aside and watch …

OR…

You can go and scan other currency pairs which are INLINE as there are just so many pairs for you to choose from !

Hope you are getting the whole idea now…

Lastly…..do remember what I told you about technical indicators…they are simple Lagging and not accurate..

Use Price action strategies instead and you will be glad thatyou did just like I do…

——————————————————————————————————————

Trading Forex and winning ” Consistently ” is indeed not hard after all I must say…

You might be thinking that because I am trading full time now and so I can confidently say this…

But do remember that I was ” once in YOUR position ” too…

Feeling LOSE and FRUSTRATED while trying to figure out how to really make ” Consistent Profits ” every month…

And one thing for sure is that as long as you have some proven trading strategies to follow…

Combined with the ” right ” trading psychology….

You can literally start with an account size with relatively small capital and build it into a rather
” BIG ” one in no time…

That’s because forex is a leverage tool…and it is VERY POWERFUL….if You know how to trade profitably.

If you are still not getting satisfactory results ( profits ) from Your current forex trading strategies….

Or even struggling to break-even every single month…

Then it is really time You treat this entire forex thingy seriously if You really want to succeed with it..

Learning Price Action Forex Strategies indeed give me tremendous trading success…and help me to grow my account exponentially..

And if you are still NOT using Price Action yet….

You’re indeed leaving a lot of profits on the table…

Why not check out the Top 3 Price Action Forex Resources that I have reviewed and also made 30+ readers saying a big ” Thank You ” to me for recommending them here :

=> http://www.forextradingempire.com/Top3ForexReview/

( You gonna love these strategies especially the #1 choice ! )

To Your FOREX Success,

- Aaron Tan ( your trading friend )

Many fellow readers wrote in to me with ” all sorts ” of  questions imaginable..

Some questions are coming from their frustrations and problems they encounter during trading..

….While some are ” just for laugh ” I think…

It is not stupid….but I would call it ” unique ” perhaps..

One such ” unique ” question” I often receive is this :

….Hey Aaron….can you tell me how can I earn my first  million too without having to trade it myself ?

Can you do it on my behalf..? ( but I do not have 10k to start  off with to be frank )

Now you know why I consider this kind of question ” unique “..?

* smile….*  ( and I am receiving them VERY often!)

OK..so much for that…

Let’s go into the main objective for this post :

” ..How You can exit with profits CONFIDENTLY every time…! “

Here’s the exact question from one of my reader …

——————————————————————————————————————-

QUESTIONS :

——————————————————————————————————————-

…. Aaron, I have been trying to figure out this forex trading thingy for sometime now but with NOT much success so far.

I have a question that I hope you can help me with because this is one problem that is kind of giving me terrible frustrations all these while since I started trading 8 months ago.

How can I exit the market with profits at least 7 out of 10 times everytime I trade ?

I am really sick of seeing winning trades ( sometimes with more than 100+ pips profits ) turning into a losing one because I am not setting an appropriate TP ( take-profits ) point..

Is there anyway I can plan a profit target without having to sit ” glue ” to my pc and watch or use any complicated indicators at all ..?

Hope you can help me on this…thanks.

- Kelvin ( via email )

——————————————————————————————————————–

My Solution To This Problem :

——————————————————————————————————————–

Kelvin….thanks for contacting me with your problem.

The problem you are struggling with… can be considered one of the most ” Common” … forex traders are experiencing in fact..

This applies to both newbies and struggling intermediate traders..

I ( for once ) also used to seeing ” Winning trades turning into losing ones..”

And I must admit that it is really disappointing to see that happen again…..and again !

Especially those valuable Pips and Profits DOWN THE DRAIN !

Believe it ornot….the solution to this problem is in fact very simple.

——————————————————————————————————————–

** Here’s a really simple way to overcome this problem :

——————————————————————————————————————–

If you don’t know yet…

For every currency pair….there’s an ” Average Daily Range “..

Let me use the USD/JPY as an example to help you understand on this here..

For USD/JPY…the ” Average Daily Range ” is about 100 Pips..

So upon knowing this….

Everytime I decide to enter a trade for this pair…

I will ONLY aim for about 50-60 Pips for profit target…

…and the Stop-Loss is normally about 25 - 30 Pips in order to achieve a good ” Reward/Risk” ratio.

Aiming 50-60 Pips for a currency pair with average daily range of 100 Pips is really very realistic and achievable 7 out of 10 times…..most of the time.

** So the main question you might be asking is :

” So how do You determine the so called ” Average Daily Range ” of a particular currency pair ? “

It is indeed VERY Simple…

The ” Average Daily Range ” of a currency pair can be determined when the market is in a RANGE…

Or rather known as a ” Sideway ” market..

The number of pips between the High and Low in the sideway market is the reasonable ” Daily Average Range ” You can use …. * smile *

Or…You can also use an indicator called the ” ATR ” ( available in MT4 platforms and most major ones ) to help you confirm on this range …

Don’t believe it is that simple..?

Open up the chart and try it out now !
So having found out ….

Just aim for 50-60% of the daily pips range…

This should solve your problem and make you a much confident ( and happy ) trader in no time ..

Ok …..maybe at this point of time….

If you’re thinking about this :

” But Aaron….if I only aim for 50-60% of the daily pips range…then wouldn’t I be leaving alot of Pips and Profits on the table if there is a STRONG trend..? ”

——————————————————————————————————————–

My Answer For This Question Again :

——————————————————————————————————————–

Of course You would be leaving alot of Pips and Profits on the table….IF…

Yes….” IF ” You do not enter again when there’s a good set-up during the strong trend.

During a strong trend…there are bound to have good opportunities to ” re-enter ” again to ride on the trend definitely…

At least when You already ” LOCK IN 50-60% ” of the profits earlier….that is more important.

Having profits in your account is a good feeling to have right ? * smile *

However…in order to ” re-enter ” again into any trend to continue riding the trend…

You cannot rely on the so called ” textbook technical indicators” at all….because there are simply too lagging and inaccurate..

You will only end up getting anguish and not knowing what signal to believe anymore…

That is the reason why I always ONLY endorse on ” Price Action ” strategies..

Because Price Action is more powerful and accurate..

And when You can read Price Action as accurate like I do..

You can also enter into a trend much more earlier and ” exit ” with more profits too…

Remember …

When you’re trading like 95% of the losing traders..

You will end up getting frustrated and struggling to break even too….every single month.

But when You also know the ” Simple ” way to read the Price from the forex market…

You are already far far ahead of most ( confusing) traders who are still waiting for their textbook technical indicators to tell them ” when ” to enter…

Whereas YOU…..would literally be riding on the trend and capturing those Pips by then..

Alright….so much for this question by kelvin..

I hope you have benefited from this question posted by him too..

If you’re keen on learning proven forex systems based on price actions strategies to supercharge your trading success..

Feel free to read about the Top 3 Forex Resources Review we did here :

=> http://www.forextradingempire.com/Top3ForexReview/

To Your FOREX Success,

- Aaron Tan ( your trading friend )

However…it is definitely NOT easy for anyone to become a successful and profitable trader.

…That’s a CRUEL fact !

To become a profitable trader….besides needing to know the basics of forex trading..

At the same time… You also need to know the things that You must NOT do when trading.

In this post, I will share with You 6 major mistakes that traders ( especially newbies ) make..

( And hope You would avoid them at all costs ! )

——————————————————————————————————————————————–

1st Common Mistake -  Lack Of A Proven Strategy

——————————————————————————————————————————————–

Most of the traders DO NOT trade using any proven and time - tested strategy at all.

This simply means they are entering positions ( whether Buy / Sell ) based on ” feelings ” and ” wild guesses “..

… Or so called relying on their ” gut instinct ” and they just love to use that to predict the future outcome of the market….

What’s the ” Real ” ultimate outcome for them then ?

Well….. Nothing positive sad to say….but only losing and even more losing trades as the market just CANNOT be traded based on ” instinct ” at all.

A proven strategy that has track record of at least 60 - 80% winning rate is the answer t this problem though…* smile *

——————————————————————————————————————————————–

2nd Common Mistake -  Aiming  For ” Unrealistic ” Profits Target

Aiming for HUGE Profits naturally sound good for most people.

But being ” Unrealistic” about the profits could result in a winning trade turning into a losing one ! …ouch…

Make sure You know the daily pips range of the currency pair You’re dealing with ….

It is much  better to aim for a Conservative Take Profit Target ( TP ) and win more times…

….Than to see ( a lot of ) winning trades turning into losing ones definitely...

——————————————————————————————————————————————–

3rd Common Mistakes -  ” Unnecessary ” Fear  Of  Loss

——————————————————————————————————————————————–

Traders experience FEAR at time of trading.

….. Especially so when REAL ( hard earned ) money is involved !

( No longer are they on DEMO trades anymore....)

Because of  FEAR…. traders get confused and uncertain most of the time and distract their LOGICAL thoughts…

When this happens, they miss out on the many good trading opportunities most of the time.

Are you also facing this problem as most of the time you are actually trading with a ” Fearful ” mentality….?

If so…how can You overcome this annoying problem uh ?

Simple solution here for You :

…” Just follow a proven strategy, stick to your trading rules strictly and always use good risk/reward ratio for all your trades ! ”

When you can consistently stick to all that….you will be trading with more confident progressively…

And in the long run….You Will Make Profits !

It’s that simple….* smile *

——————————————————————————————————————————————-

4th Common Mistake -  Trying To Predict The Direction ( Trend )

——————————————————————————————————————————————-

When it comes to any form of trading , only the market decides the direction and that’s a critical truth.

If any traders were to say this :

” I think it is cheap now …it CAN”T go lower any further…I shall Buy now..”

Then he/she is NOT putting the odds on their side and may end up losing a lot of money in the end with this mentality.

The best way is wait for the trend to start and then buy on pull-back would be much wiser.

——————————————————————————————————————————————-

5th Common Mistake -  Selling Winners

——————————————————————————————————————————————–

Traders whom are always in a hurry to sell their winning trades ( instead of letting the profits run ) are basically affected by their emotions.

Never allow emotions to affect Your trading and whenever there’s a strong trend, just let the profits run and progressively ” Lock in ” the profits at different stages.

——————————————————————————————————————————————-

6th Common Mistake -  Being Complacent After A Few Winning Trades

——————————————————————————————————————————————–

Sometimes traders start to trade ( too often ) after winning a few trades.

So they start to trade even more often and resulted in over-trading and trading with even BIGGER lots hoping to get more profits FASTER !

Normally this kind of situation would only backfire and make them lose money big time and even burst the entire trading account in just a matter of days.

End of the day…..using good money management is still the way to go and NEVER be complacent in Your tradings!

Believe it or not…

These are the 6 most common mistakes that ruin most traders and caused them to lose trades after trades…and ultimately losing the entire account !

If at this point…you are somehow still struggling to even make a small profits trading the forex market on a monthly basis..

Then frankly ask yourself does any of these 6 common mistakes apply to you ?

I am sure there would be at least 1 or 2 of them that are crippling your success with forex all these while…

Take a firm ” first ” step out today….

Identify these undesirable mistake/s that has been hindering your success and causing your frustrations…

Eliminate them once and for all starting today …

The earlier you get rid of these common mistakes you’re committing …

The sooner you would see the kind of success ( Valuable Pips & Profits ) that you truly long for from forex trading !

I can assure you that because  I for once…..also committed all these mistakes too…

The moment I decide to ” really ” get rid of them ….

I begin to see very good results from my tradings month after month ..

To the extend of allowing me to quit my day job and trade full time as a forex trader….

Enjoying both the freedom of time….as well as the financial reward that comes with forex trading…

Hope you would attain that kind of success too….if you want….* smile *

Cheers to You !

Reading and then understanding about forex trading is very essential if You want long term success in fact..

Just as the old saying goes :

” Knowledge Is Power ! “….

This is certainly ( very ) true..

The more You know about a certain subject….the more confidence You would feel…..and of course the better You would perform over time..

This belief is definitely applicable to forex trading as well…

And learning the forex basic the ” right ” way is very critical for later success…

Most newbies starting out exploring this forex trading business really have no clue how important forex basic is….

Instead…they would just channel all the effort into searching for the ” magic system or holy grail ” which could turn $100 into $100,000 in a few weeks…. ( by just pressing a button or activating that automated software )

This is really Not the way to kick start forex learning online…

Because these group of ignorant traders would ultimately lose the entire account by relying on the so called ” magic system ” - Without understanding how to trade forex market (properly) themselves…

“….I have personally committed this same ” terrible” mistake too myself and I am not ashamed to admit it though….”

I started out with the ” get rich quick ” mindset…

….and only want to look for holy-grail systems to help me grab profits from the market without me trading at all…

The end result is obviously natural - Losing all the capital I have in there….

It was when I decide to really get all my forex basic right…..then I start to see improvement both in my trading results as well as confidence level…

I am sure it is not new for You to hear this sentence :

” Good & Strong Foundation Is The Key To Everything ! “…

Hence….there’s no way anyone would succeed in the long run without getting the forex basic right..

Why is learning to trade forex the right way so important then.. ?

Just imagine these scenerios :

1) How can anyone trade the forex market without knowing how to identify simple resistance and support zone ?

Or…

2) How can any trader really trade the market profitably without even knowing how to identify a up-trend or down-trend ?

Of course they can still trade…

But that would be based on wild guessing….feelings….emotions…..

Which sadly……would only lead to undesirable trading outcomes & losing all the starting capital most of the time…

On the other hand……there are tonnes of different forex information and gazillion topics on forex basic online course…

I would not expect anyone ( including ) Yourself to go find and then read each of them definitely..

That’s not productive at all…and You would only end up in extreme information overload….( ARGHh! )

I was once suffering that way….( no joke )…..and I do not want anyone to go through the same ” torturous information overload ” too…

Thus…I have decided to start this section on Forex Basic Online Course..

Here …You guys would get to learn all the basic You need in order to really understand how to trade the forex market profitably…..

What would this Forex Basic Online Course be teaching ?

All the essential elements to prepare You guys for successful trading in fact..

Such as :

” what is forex trading ”

” what are pips and spreads ”

” how to choose a forex broker ”

” Various chart reading ”

” basic technical analysis ”

” reading high probability patterns formation ”

and even…

” simple steps to You can use to set up Your very own trading strategy ”

…and much more..

Reading can be torturing for some….I know !

So I will try my best to summarize everything in a ” short and sweet ” manner just to let anyone reading it understand better….and with minimum effort.. * smile *

However….just like while trying to learn anything new in life…

By reading up the forex basic but if You did not put into practice….it serves no purpose actually…

Reading and understanding can only do ” that ” much…

Nothing beats firing up the forex chart on any currency pair You want ( eg. Eur/Usd ) and really test out what You have read….

It can be drawing simple trendlines….

It can be identifying simple support and resistance..

It can be spotting that double top or double bottom patterns formation…

Etc….

The more You train Your naked eyes and unpolished mind to look at real chart…

The better You would become as the days gone by…..proven !

Don’t believe?  Try it out Yourself ! * smile *

Alright….so much for this introduction on our Forex Basic Online Course section…

Enjoy reading ….

Do check back often as I will be adding new and fresh contents on a regular basis to share..

Happy trading !