Forex Trading
By emma90
@emma90 (530)
Indonesia
May 15, 2012 2:00pm CST
Hello mylotters, If you make extra money with forex, I want to share about the technical analysis that I use to get profit. I use MA in 32 and 50. Open 50 and all position in 32. And I use candlestick. When candle above the MA line, you can open short, but whent the candle above the MA line, you can open buy. Beside that, usee the MACD to see the trend and when the line of MACD and MA cross over, it's mean will be side price.
How about you? are you forex trader? if you forex trader let's share here..we discuss about the technical analysis :D
have a good day
1 person likes this
10 responses
@jkct02 (2874)
• Kota Kinabalu, Malaysia
16 May 12
When a line reaches a certain spot in the chart, it means we can buy or sell. Is it really that simple? Will it really do like what we have predicted? If that is the case, then all chart users are sure winners.
The charts are just indicators. The charts are just records of historical movements. We can use those past data to predict the future but we will need more than just 2 intersecting lines to tell us what seems to be happening soon.
In most instances, we are betting against the FOREX trading brokers where we are using their online platform to open a trade. If we win, it will mean that they lose. But are they ever afraid of the charters?
@emma90 (530)
• Indonesia
17 May 12
yes, that's right,
I got problem in fundamental analysis, and also about the news of the market. So I just use technical analysis to see the trend and make sure the win probability 80% like you talk :)
stay cool when get loss or profit, but we can move so quickly to make decission when we see the market :)
thanks for your suggestion and provide some information..is very usefull
good day
@jkct02 (2874)
• Kota Kinabalu, Malaysia
17 May 12
When the trend is in a 50-50 probability it is a gamble if you go in at such a time. If you are really into technical analysis, you must make sure you have a win-probability of 80% or more, and with indicators really confirming what the line is heading (no false indication), place your take profit and cut loss level, then stick to it no matter what. A surer trade is better than 100 gamble trades.
It is you against the brokers as they will accept every trades from you even though there are no opposite trade takers. What I was saying is that using a chart to trade FOREX is not a sure win method. It is just a tool to analyze the market. You will need more knowledge about world economy and political happenings and reports to know the overall market sentiments to see the underlying factors which may affect the currency movements. Another important aspect to deal in FOREX successfully will be the self-discipline that we must have to make sure we think with a clear head and not emotionally. Always ask ourselves questions before we do any trade: Am I gambling placing this trade? Why do I think it will go up or down? You have to satisfy yourself about the right conditions before you trade. If you don't do that, it will be very fast when you will lose all your capital especially if you are on very high margin.
Always think of those brokers who are accepting your placements - they ARE earning BIG profits from FOREX trading. The profit is made from the traders like you and I who lost.
@Tina83 (1223)
• India
17 May 12
MACD is a good indicator .If anyone knows the candlestick patterns also,they can earn good money ..but i will say that the fundamental analysis is the best ,you can mix that with the RSI and MACD to trade .Just find the particular times of high impact news related to your trading pairs and you are done.
@multimastery (1195)
• United States
16 May 12
I know there are some people who do pretty good at Forex trading, but I am not skilled enough in that area to give any personal advice. But what I do know is that you really need to know what your doing when playing this game. I have been learning more about Forex trading through this site http://forexonestop.com Perhaps it will help you too.
@emma90 (530)
• Indonesia
17 May 12
hi andben nice to know you :)
I try in forex trading about 6 month, I got loss so many money before lol
and now, I get loss but now I get so many profit :p
I suggest you can follow broker which one will give you bonus after you register. And first use the demo account, after you feel that you understand about the market try the live account :D
good luck
@bryan21764 (277)
• United States
16 May 12
where do you get these programs that you talk about. I have always wanted to get into forex trading but have been told that it is really complex and 95% of people loose all their money.
@ardhidoank (136)
• Indonesia
16 May 12
I don't know about forex trading, nothing at all, so any idea for that coz wanna try this one too..
@aerous (13434)
• Philippines
26 Feb 13
Wow! That this is a good advice, friend. I really want to know about forex but still not decide what forex site to join because many of whom that I read give me different opinion and negative opinion. So, what forex website you thing the best one to join, friend?
@ARIES1973 (11426)
• Legaspi, Philippines
19 Aug 12
Hi emma! I have no idea on this topic but I am willing to learn. I hope I'll have time to study on this matter in the future when my schedule permits. As I can see, you are earning that much from that line. Thank you for this information.
@mariaperalta (19073)
• Mexico
26 Feb 13
Ive never tried to earn that way. Im not much of a gambler. Isnt there a big risk at forex?
@Toluway (2)
• Kuwait
7 Feb 13
The forex trading strategy which you have explained above is just one of thousands of established forex trading strategies that floods the internet. To the extend that a lot of people who call themselves gurus and experts make a living out of this; thou some analytically minded people reason that if these strategies are that good, no one will dissipate time and energy promoting them instead of sitting quietly somewhere, making money. Talking about forex trading srategies, I have
seen so much.
The strategy above will respond to forex movement at a particular time. Forex chart is constantly moving. It jumps at times. The big Multi-Nationals and Big financial houses who are forex stake holders will always inject millions or billions of dollars to control forex movements and make it move in their favour. So, in as much as forex movement is very dynamic, the strategy above will only work in your favour in some market movement circumstances which may not even come up until you lose all your money.
In a nutshell, I am telling you that there is no guarrantee that the strategy will offer you a sustained profit over a period of time. Based on my long experience, it is my powerful belief that no ordinary player like you and I can make a sustained profit in forex trading. You can only win some today and lose all your investment tomorrow. Friends, try it, and you will come back to praise me for this contribution.
