Fri, 23 Mar 2007 10:10:54 MDT
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Written by Kenny Gates
Before you start reading this article, make sure you have read 8 Steps To Create and Trade A Mechanical Forex Trending Trading System for better understanding about this system. The MA-ADX trending system consists of two moving averages that will spot a new trend + a trend-confirming (ADX) indicator to confirm the new trend.
Thu, 22 Mar 2007 13:58:19 MDT
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Written by Kenny Gates
A mechanical forex trending trading system is mainly based on technical indicators and a set of rules to enter and exit trades. Trending systems will only perform well in trending currency markets. Rarely will you get one forex system that is able to exploit both ranging and trending markets.
Sun, 18 Mar 2007 15:23:18 MDT
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Written by Tom Plesk
Developed by J. Wilder, the ADX is a momentum indicator that measure the strength of the trend and can be extremely useful to determine if a trend is strong or weak. ADX doesn't tell you if the trend is going up or down, it just tells how strong or weak the current trend is. ADX is used very often as a trend-confirming indicator in MA-Cross trending systems. As a general rule, if ADX >= 25, the trend is confirmed, either up or down.
Thu, 15 Mar 2007 14:06:16 MDT
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Written by Jerry Bosmans
When building a forex trading system, make sure not to use very similar trading indicators on the same chart timeframe because you will collect the same type of technical information more than once and very often, this will lead to bad trading results. Multicollinearity is a high degree of correlation between the indicators simply means using the multiple counting of the same information.
Sun, 25 Feb 2007 15:20:10 MST
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Written by Glen De Vadder
What is the right time frame for you? Well, it all depends on your personality. You have to feel comfortable with the time frames you are trading in. Ask yourself the following question: Are you a scalping, short, swing, position or long-term currency trader? How many hours you want to dedicate to forex trading? You have to find out before you can choose the right timeframe to trade from.
Sat, 24 Feb 2007 18:24:45 MST
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Written by Jelle Noami
To succeed as a currency trader, you must have a very good understanding how the forex market works, without a strong foundation of forex core market knowledge, you can never take yourself to the next levels of currency trading. The next level from the bottom is trading styles, ask yourself the following question: Are you a scalping, short, swing or position trader?
Mon, 19 Feb 2007 11:18:25 MST
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Written by Luk Falter
Why does it take more euros to buy dollars this year than it did last year? Currencies, just like stocks or metals are powered by the forces of supply and demand. Foreign exchange rates are influenced by internal and external factors. In general, when demand increases for a currency, it's value will rise against other currencies; conversely, when demand decreases, it's value will go down against other currencies
Fri, 16 Feb 2007 17:08:33 MST
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Written by Tony Huward
Money management is a crucial aspect when it comes to forex trading, lack of proper money management or even trading without money management is treating trading as a gamble, a major cause of failure among new forex traders.
Thu, 15 Feb 2007 16:25:22 MST
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Written by Tom Van Geert
In the spot fx market, trades settle in two business days and open trading positions held at time of rollover are automatically rolled over by the forex broker to the next settlement date, the open trade position is swapped for a new position expiring the following settlement date at 5pm EST rollover. This is also known as "tomorrow, next day" or simply "tom next."
Thu, 15 Feb 2007 09:19:05 MST
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Written by James Leung
Currency cross rates are currency pairs that does not include USD, such as EUR/JPY. Pairs that involve the EUR rate are called euro crosses, such as EUR/CHF and EUR/JPY. All other currency pairs that don't involve USD or EUR are generally referred to as cross rates.
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