Download Free Forex eBooks: May 2011

Money Management Thoughts

Remember that you are only a couple of bad trades away from blowing up your account. NEVER DO ANYTHING TO RISK LOSING MORE THAN 25% OF YOUR ACCOUNT.

If you lose $250 of your $1,000 account, then stop trading. Get a job and earn money to put back into your account.

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Money management in forex trading business involves specialized techniques combined with your own judgment.

Keeping this mind, you may find a few essential money management techniques can make a big difference to your bottom line.

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Would this mean that you would automatically make money trading your account?

No way!

The problem is that, as hard as it is to learn how to trade the market, it is even harder for most people to manage their account. This is mainly due to inexperience and wrong, emotional decisions.

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I do agree with the statement that financial markets are efficient. They are very efficient in one thing - transferring money from bad and naive traders/investors to the pockets of those that know what are they doing. You are now probably asking yourself “What am I doing in this field? Do I have any chance to succeed?”

The answer is “Yes, you do.”. The system that we are about to reveal to you is a fail proof entry and exit strategy that will put you on equal level with big investment firms and with experienced professional traders.

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The prerequisite for this material is having studied “The Law of Charts.”

Study it thoroughly. You must know about 1-2-3 formations, Ledges, Consolidations, and Ross hooks.

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Whatever you have a magic expert indicator or not, with no doubt you must combine at least two different ways or indicators to produce a signal which is reliable for both trendy and range market situations.

Briefly this ebook will show you how and which ones to use.

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Many traders aspire to be successful traders, but few succeed. An amateur trader looks at the Trading platform, makes a trade and loses, makes another trade and loses more. Traders lose because the game is hard and they trade with emotions, lacking a purpose and discipline.

You have to practice sound money management and you should watch your capital.

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The truth about Fibonacci levels is that they are useful (like all trading indicators). They do not work as a standalone system of trading and they are certainly not the “holy grail”, but can be a very effective component of your trading strategy.

But who is Fibonacci and how can he help you with your trading?

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Few traders ever stop to consider the context that defines the foreign exchange marketplace, but all of them should.

As forex matures in its role as a retail investment environment the rules – and the stakes – will only multiply.

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Why are some of the Original Turtles giving away Rules for which others have charged thousands of dollars? Are these the actual Original Turtle Trading System rules?

How can I be sure that these are the original Turtle Trading System rules as taught by Richard Dennis and William Eckhardt?” The answer to these questions lies in the origin of this project.

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The tick index may appear to be one of the simplest of market indicators, but it also offers insight into market psychology.

As a stand-alone indicator, the tick index has its place in the technician's toolbox, but combining the tick index with candlestick charting, another technical method for spotting changes in market trends, creates a potent combination.

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An oscillator’s failure to confirm the higher high or the lower low of the market is a red flag to most technical traders.

Is there a message when the price diverges from the indicator? This veteran technician thinks there is.

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These are the people who you will be taking money away from. These are the people who will be eaten by the bear. You don’t have to outrun the bear (the entire market). In fact, that’s impossible.

You can’t beat the entire market. Those of you who try will learn fast that the market has no mercy, can outrun anyone, and shows no mercy.

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When an uptrend makes new highs in price and in momentum indicator (new high in short MACD), it still has momentum to go up.

When a downtrend makes new lows in price and in momentum indicator (new low in short MACD), it still has momentum to go down.

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Many traders pay lip service to money management while spending the bulk of their time and energy trying to find the perfect (read: imaginary) trading system or entry method.

But traders ignore money management at their own peril.

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How many times have you heard the often-quoted statistic that 90 percent of all traders fail? Yet everyday, millions of ordinary people around the world wake up, turn on their computer, and try to make a living by trading the financial markets electronically.

As in every profession, there are successes and failures. The same statistic of failure exists in the restaurant business, especially in our hometown, New York City. New restaurants spring up on a near daily basis, some are successful, most fail, but the possibility of hitting it big never deters people from trying.

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Using candlestick charting set ups on the one minute charts, Micro Trading introduces traders to scalping for small consistent gains.

This type of trading appeals to those with more limited time to devote to their trading, the strategy designed for those who wish to get in and get out in a matter of minutes as opposed to hours.

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When I started trading, I lost a lot of money due to so many factors before my eyes were opened. Along the line, I was a able to develop strategies which one of them I will be sharing with my fellow traders here and below.

The strategy is very simple and it is called KobasFX. I will explain everything here but incase you would want me to explain to you one on one or would want me to tutor you on Forex trading, then you would have to pay a token for that.

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Even if you are completely new to the Forex you probably know that there is a lot of information out there. If you wait until you know everything about the Forex to get started, you will never get started.

Over the next 5 lessons you will receive brief summaries about the basic concepts of Forex trading. These lessons are designed to teach you the basic concepts of how the Forex works. The next 5 lessons are only the beginning.

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This goal of this manual is to introduce beginning traders to all the essential aspects of foreign exchange in a practical manner and to be a source of best answers on the typical questions as why are currencies being traded, who are the traders, what currencies do they trade, what makes rates move, what instruments are used for the trade, how a currency behavior can be forecasted and where the pertinent information may be obtained from.

Mastering the content of an appropriate section the user will be able to make his/her own decisions, test them, and ultimately use recommended tools and approaches for his/her own benefit.

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After you read this book we hope you will agree that trendline methods, both old and new, still have great financial value to traders.

The computer is a powerful tool for doing repetitive work and time consuming tasks but nothing replaces simple methods which work and trading experience.

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Hidden divergences are the opposite of classic divergences. Classic divergence looks for lower low prices accompanied by higher indicator values at price bottoms and higher high prices accompanied by lower indicator values at price tops.

Hidden divergences, on the other hand, seek higher price lows accompanied by lower indicator values during up moves and lower price highs accompanied by higher indicator values during down moves.

Most hidden divergences signal continuation moves in the direction of the prevailing trend.

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Double and Triple Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining wave called an x wave. They are corrective in nature.

Triples are uncommon. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or Sharp’ patterns. Double Zigzags are labelled w-x-y, while Triple Zigzags are labelled w-x-y-xx-z.

Both these patterns are included in the list of rules and guidelines below. Only a Double Zigzag is illustrated below.

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Charles Dow invented the basics of “supply and demand” charting, point and figure, in the late 1800’s. It’s been used ever since. Charts effectively show “historical perspectives” best, and chartists are always watching to see what leading indicators will predict “what’s next.”

Using point and figure as a methodology for seeing prior supply and demand also helps the chartist eliminate “noise.” “Noise” is what we call “too much information, and too many facts” that are put in front of the average investor.

Many option traders wrongly believe that the more charting and detailed information (bells and whistles) they have to trade with, the better. This is dangerously wrong.

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Even as you read this, the candlestick charting technique, with its origins in Japan, is being absorbed into the ways of Western technical analysis.

Here's how candlestick charting can be used for a typically Western technical analysis strategy.

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Pages

Money Management Thoughts

Fine Tuning Your Money Management System

Magic of Money Management

ICWR Forex Trading Strategy

Traders Trick Entry

Trade Both Trend And Range Markets

The Way to Trade Forex

The Truth About Fibonacci Trading

The Six Forces of Forex

The Original Turtle Trading Rules

The NYSE Tick Index And Candlesticks

Reverse Divergences And Momentum

Forex Strategy 10

Profitable Trend Forex Advanced

Controlling Risk And Capturing Profits

Millionaire Traders

Microtrading The 1 Minute Chart

Kobas Forex Strategy

Insider Secrets of Online Currency Trading

Forex Online Manual for Successful Trading

Trendline Methods and New Techniques

Hidden Divergence

Eleven Elliott Wave Patterns

Core Point & Figure Chart Patterns

Candlesticks For Support And Resistance