Forex Social Trading Networks

The purpose of a Forex social trading network is to share information, follow and copy trades. I have written an article about the subject.

Read the article at my article base on EzineArticles. The title of the article is Trading Forex Online? ForexSocial Trading Networks.

How to gain a profit on the EURUSD

The EURUSD is bearish. The currency rate has decreased about 55 pips from the of 1. July 2012. 

But is it still possible to gain a profit on the EURUSD at the moment? Yes, it is still possible. I went though the 5 minutes chart on the EURUSD the 19. of July 2012 from 10:30 in the morning until 14:45 in the afternoon. My trading tools were the Bolling bands as a primary trading tool and the stochastic as a secondary trading tool.

The first trading signal was at 10:45 until 12:00. The currency rate rose 47 pips from 1.2266  to 1.2313.  On the chart is 2 sell signals as the upper band crosses the price bar. But as the bars first turned red at 12:00 the trade lasted until 12:00.

The second trading signals was at 13:30. The trade lasted until 13:45. The currency rate rose 18 pips from  1.2284  to 1.2302.  

Is it possible to gain a profit on the EURUSD?

The EURUSD is under pressure. It has reached its lowest since June 2010. I was searching on the internet and saw the article EUR/USD Outlook July 9-13 written July the 11 (2012). At the end of the article is a technical analysis concluding that the market is bearish.

But is it possible to gain a profit on the EURUSD where the market is falling?

The answer is that traders have possibilities to find profit in the market on the EURUSD as Forex trading is to find fluctuations in the market. Just study the EURUSD charts and you will realize that the market is in a downtrend but the currency rate is also rising.

On my blog and in one of my articles I have written about the trading strategy BollingBands and the stochastic indicators as a trading strategy. On my blog is also a link to the Alligator trading strategy.  

I was at the PLUS500 trading platform July the 12 (2012). I went through the 5 minute chart using the Bolling Bands and the stochastic indicators as trading indicators. The two indicators showed that there was a trade between 9:25 to 10:25. The rate rose 12 pips from 1.2213 – 1.2225. There was another trade again from 10:55 to 11:30. The rate rose 7 pips from 1.2216 – 1.2223.

Watching the Alligator indicator shows that the first trade doesn’t meet the Alligator indicator but the second trade does meet the Alligator indicators rules.

Bullish and Bearish market illustrated in a video

Trends in the market can be Uptrend, downtrend and sideways movement.

In this video I found on Youtube.com is an Uptrend, downtrend and sideways movement illustrated. An Uptrend is also called a Bullish market and a downtrend is called a Bearish market.

Trading strategy in a trendy and fading market

I have written an article about which strategy to use in a trendy and fading market. Link to the article Strategy to use in a trendy and fading market click here. 

In the article are the following trading strategies described 

·  The simple moving averages 

· The Bolling bands trading strategy

The two strategies are illustrated in this post in a graph and described in the article.

The simple moving averages. Illustrated in a graph the price line is the blue line and the other line is the simple moving averages line. The traders buy and sell when the lines are crossing each other.  

The Bolling Bands trading strategy. The blue line is the price line. The Bolling Bands lines are the mowing average, the upper standard deviation and lower standard deviation. The traders buy and sell when the lines are crossing the upper standard deviation and lower standard deviation.

Trend Lines in the FX market and Fibonacci Trading

In my earlierpost I have linked to my articles about Forex online trading. In this post I have linked to my article about Trend lines. Just click on the title and you will be redirected to the article.

Trend Lines

In 30 percent of the trading times the prices are moving in a trending direction. Traders in the FX market are looking for the trends and what to spot them as early as possible. This article describe is about trend lines and Fibonacci Trading.

Forex online – More tips and advice on Forex online trading

In one of my earlier post I placed some links to some of my articles about Forex online. In this post I have links to my new articles about trading Forex online. Just mouse click on the title and be redirected to the article you want to read.

How to set an Exit Point, Also Called a Stop/Loss?

In this article is the exit point (a stop/loss) in a trade defined. The topic in the article is also to give examples of how to set an exit point.

Candlestick Chart - How to Read a CandlestickChart?

The article is about candlestick chart and the terms traders use in connection to them.

Day Trading

The article describes what day trading is and describe some of the advantages and disadvantages being a day trader.

How to Set the Risk-Reward Ratio in a trade?

The article describes the risk-reward ratio in a trade. The goal is to describe the risk-reward ratio also when the trader trades more than one trade.

Risk Management and Risk - Reward Ratio

Risk is a part of trading Forex. This article describes what Risk management is and what Risk-Reward ratio is. Both Risk management and Risk-Reward ratio are important in controlling the trading risk.

Forex webinar about Risk management and bullish and bearish candlesticks

On Youtube.com was a recorded webinar about Forex trading.

If you don’t want to watch the webinar from the beginning to the end I would recommend watching the following parts. 5:33 – 7:20  (Risk management),  7:20 – 7:35 (Examples - bullish and bearish candlesticks), 7:35 – 13:55 (Bullish candlesticks), 13:55 – 22:20 (Bearish candlesticks).

The webinar contains trading information on how to enter a trade.

Forex Online trading? Question newbies in the FX market have to consider How to Calculate a Pip? What Is a Pip?

Newbies in the FX market also know as the foreign exchange market has to consider what a pip is worth in a trade. The pip value has an impact on the profit the traders gain in a trade.

I've written an article describing what a pip is and how the trader calculate the pip value.

Link to the article "How to Calculate a Pip? What Is a Pip?" Click here!