Forex Trading Strategy - Have a Look at This Strategy By Dylan Jonathan

Forex Trading Strategy can be really difficult to develop, especially if you do not know what you are doing. What I provided in this article is a simple strategy that can be very helpful for those who are struggling in forex trading.

This strategy is based on the fast moving averages. Therefore it is very easy to follow. We will use the 1 hour or 15 minute time chart to do our trading. This strategy works on any currency pair, but works best in USD/JPY.

The indicators needed for this system is: 10 EMA, 25 EMA, 50 EMA

You can plot this indicator on your chart, preferably different colors each. When you have plotted, look for when the 10 EMA crosses over the 25 EMA and it continues to crossover the 50 EMA. When this happen, get ready to buy or sell in the direction of the 10 EMA. Enter the market according to the direction of the 10 EMA when it has clearly gone through the 50 EMA. It is advisable to wait for the next bar to close, this will help to avoid false signal.

To exit the market, wait until the 10 EMA touches the 50 EMA. And again it is better to wait the next bar closes first.

The good thing about this strategy is that it is easy to follow, perfect for beginners and it gives a very good result, especially if the market is trending, during big breakouts and big price moves. But make sure you do not use this strategy when the market trades sideways.

This is a very simple forex trading strategy to follow and will likely to improve your trading results. If you are looking for an easier way to trade, and perfect for beginners and experienced traders alike, then I suggest looking at the Forex Funnel, my most profitable trading strategy is inspired by this system. You can learn a lot by observing an automated trading system trades. You can learn more about Forex Funnel and read a review made by a real user, just click here.

Article Source: http://EzineArticles.com/?expert=Dylan_Jonathan

Forex Trading With Candlesticks By B.M. Davis Platinum Quality Author

With everything that is at stake when you are trading Forex, it is only logical that you would want the best tools available to help you. Forex trading is the epitome of volatile trading and even the best trading systems seem to fail eventually. This is why over 90% of new forex traders blow through their accounts and go bust. Don't get me wrong, volatility is a good thing and can lead to quick profits. But we have to remember that the same effect can also lead to quick losses.

So now that I have stated the obvious you are asking yourself what is needed to analyze a currency chart and that is the purpose of this article. When we analyze a chart we need only look for signals that indicate one of two emotions; fear and greed. These two emotions are found quite frequently in forex markets due to the high leverage and quick gains or losses. By using a trading system like Japanese Candlesticks with your trading plan and research, you are giving yourself the best chance for success in Forex trading.

What's so different about candlestick trading forex? When you are watching your favorite chart as the market moves it's easy to forget that what we are watching are the collective trading activities of every trader, both institutional and individual, leaving their tracks for us to interpret on the chart. This is very important and I want you to stop and think about it for a minute! No matter how small the timeframe, the chart will show us not only the collective trading activity but the collective emotions as well. Fear, greed and uncertainty are easy to spot with the use and understanding of candlesticks and are also easy to learn.

Japanese Candlesticks have been around for centuries and have proven their effectiveness in all tradable markets. With forex however, we need to adjust our thinking a bit because the patterns form differently due to the fact that forex is traded twenty-four hours a day and there is no open or close to the trading day. Many traders are under the false misconception that candlestick trading won't work in forex due to this feature of the forex market. In actuality, there isn't a better market to use candlesticks than forex once you learn to spot the different nuances in the candlestick reversal patterns.

With everything at stake while trading forex it's time to stop relying on useless indicators and start concentrating on the chart itself. A candlestick chart if you want to learn to quickly asses the mood of the forex market. I urge you to spend a little time studying forex candlestick trading and see for yourself how easy it is to spot these changing tides of emotions that lead to price moves and reversals.

B.M. Davis is an active trader and the publisher of the Forex Candlestick System. If you would like more information about candlestick charting the forex market please visit http://www.forexcandlestickcourse.com

Article Source: http://EzineArticles.com/?expert=B.M._Davis

Regulated Forex Brokers - Who is Regulating? By Danielle Franklin

As a new forex broker your first challenge is to choose the right forex broker. It isn't as easy as it sounds and the whole searching process might leave you breathless. Due to enormous competition between forex brokers, they offer different features, exciting capabilities and outstanding advantages. However, along with the exceptional features you might find a potential weakness.

The weakness I am talking about here is whether your forex broker is a regulated entity. Forex brokers can be naughty and you might find it difficult to withdraw your profits if your forex broker is not under some kind of authority supervision.

What are those regulatory authorities? Let's list some of them here:

1. National Futures Association (NFA)
2. Commodity Futures Trading Commission (CFTC)
3. Australian Securities and Investments Commission (ASIC)
4. Swiss Federal Department of Finance (FDF)
5. Escalade Incorporated (ESCA)
6. Canadian Investor Protection Fund (CIPF)
7. International Financial Services Centre (IFSC)
8. Cyprus Securities and Exchange Commission (CySEC)
9. The Financial Futures Association of Japan (FFAJ)
10. German Federal Labour Market Authority (BaFin)

The next question you probably want to ask is how these regulatory authorities keep forex brokers straight. Here is the simple explanation:

Your broker is responsible for your money, whether deposited or profited. A Regulated forex broker is under a watchful eye of the regulator authority. In case something goes wrong with deposit, withdrawal or even with the trading platform, you can complain, sue or file an appeal regarding your forex broker. The regulatory authorities protect forex traders against fraud, scam and illegal trading practices.

Regulated forex brokers get homework which needs to be submitted to the authority. This so-called homework is the financial reports. If a forex broker fails to submit his homework, there is no second chance here - he gets an "F" and the regulatory authority either request a fine or, even better, remove them from their membership list.

The Regulated forex broker will not hide the fact that he is regulated and who is the authority. You can easily spot it on the forex broker website - either on the home page or at "about us" section.

The authority of a regulated forex broker is located at the country where the broker is registered in. For example, forex brokers which are regulated by NFA and CFTC are brokers located in USA. While any regulated forex broker registed in Swiss is regulated by FDF.

To summarize, trading with regulated forex broker gives you a security and protection you need as a forex trader.

Check out more forex articles, tutorials and forex brokers reviews at http://www.forexexplore.com

Article Source: http://EzineArticles.com/?expert=Danielle_Franklin

Best Forex Trading Indicators - 4 of the Best Indicators For Bigger Profits by Monica Hendrix

Many traders use numerous indicators - but over the last 22 years I have four favourites and I will share with you here and they have worked for me and they will work for you. Let's look at them...

Today, good old bar charts have gone out of fashion but I think their essential and use them in conjunction with the indicators below. I don't use candlestick charts, there is a big myth there better but there not. If you like using them, then do so but the relationship between the daily range open and close is obvious.

Here are the four indicators and you can read more about them in our other articles. There available on most free chart services and will take you around 30 minutes each to learn and then, your all set to start using them on your forex chart and start making bigger profits.

1. The Stochastic

For me this is the ultimate timing tool.

Trading stochastic crossovers with bullish or bearish divergence, into chart resistance or support, from overbought or oversold levels, is simply the best market timing tool. If the stochastic crosses from chart highs or lows the signal is even more powerful.

2. Relative Strength Index

This gives you the strength of the trend and when RSI weakens or strengthens, when the trend is still up or down, especially from over bought or oversold levels, you have advance warning of a contrary move.

When combined with the stochastic, you have a great combo for better market timing.

3. The Bollinger Band

Gives you the volatility of price and you simply need to understand it to make money at forex trading.

I love using pops to the outer band, near chart support and resistance, to look to take profit or, initiate a contrary trend. Also in a strong trending market, dips back to the centre band ( the moving average) are great value areas to look to add extra positions in a strong existing trend.

You don't time with them - you look for areas in line with support and resistance to trade into.

4. Moving Averages

Simple moving averages are great and I have just mentioned the mid band of the Bollinger band, which is in fact a simple moving average, to buy and sell back to in existing trends.

In strong trends dips to the 18 - 25 day moving average are a great place to load in new trades.

Another excellent time period is the 40 day moving average which acts as the last line in a strong trend with nearby support or resistance. In strong trending moves we like to trail our stop behind this level and it keeps us in the long term trends.

When trading with the above and support and resistance lines you will get market timing for your trading signals.

There are some other useful technical indicators and we like the ADX line and the MACD too - but the above are the four we use all the time. If you spend 30 minutes on each one you will soon have four powerful indicators that you can use in your own forex trading strategy, to seek currency trading success with.

Check them out, there simple, powerful and can work for you too with a little practice.

Harga minyak $126/barell, USD menguat

Sampai malam ini (23.13) nilai tukar USD masih terus mengalami penguatan.

USD menguat terhadap semua major currency.
USD menguat terhadap Euro 130 poin menjadi 1.5790 dan 110 poin terhadap GBP menjadi 1.9915

Menguatnya US didukung karena melemahnya harga minyak dunia yang mencapai $126.21/barell.

US rebound, harga minyak turun

Rabu tanggal 16 Juli kemarin, USD menguat terhadap major currency setelah sepekan terpuruk.
Penguatan USD disebabkan karena membaiknya data-data perekonomian US seperti CPI. Cadangan minyak US pun kembali positif setelah pekan lalu berada pada teritori negatif.

Harga minyak dunia turun hingga $132/barrel. Hal ini membuat harga saham global sedikit bergairah setelah 2-3 hari anjlok.

Nampaknya hari Kamis dan Jumat minggu ini harga tidak akan bergerak kuat dan cenderung relatif stabil. Malam ini data tingkat pengangguran US akan diumumkan. Diprediksi akan terjadi kenaikan tingkat pengangguran.

Analisa saya

EURO diprediksi akan terkoreksi ke level resistan 1.5870 dan kemungkinan akan melanjutkan lagi penurunannya hingga 1.5750.

Tetapi hendaknya para trader menunggu data dari US.

Untuk Yen dan GBP kedua mata uang tersebut mendekati level support.
Jika GBP bisa menembus 2.0100, maka disarankan buy dengan TP 300 poin dan SL 150 poin.

Sedangkan Yen, jika menembus 103.50 disarankan sell dengan TP 100 poin dan SL 50 poin.

Cadangan Minyak US turun

Berdasarkan berita semalam, US mengumumkan bahwa cadangan minyak mereka menurun dari -2.0 M menjadi -5.0 M. Data ini ternyata mengejutkan bagi beberapa analis. Para analis memprediksikan bahwa cadangan minyak US akan meningkat menjadi -1.5M, tapi ternyata mereka salah.

Dampak yang terjadi setelah pengumuman keluar adalah kembali melemahnya nilai tukar USD terhadap major currency. Nilai tukar Euro naik menjadi 1.5750 terhadap USD, padahal siangnya sempat menyentuh level 1.5659

Dengan dirilisnya data tersebut maka diperkirakan harga minyak dunia akan kembali naik lagi. Jika harga minyak naik maka harga komoditi emas kemungkinan besar juga ikut naik. Kedua hal tersebut akan kembali berdampak negatif terhadap pasar saham global. Dow Jones semalam ditutup melemah, begitu pula dengan Nasdaq, dan S&P 500.

Nah, untuk analisa hari ini, USD kemungkinan akan melemah lagi. Disarankan untuk mencermati data pengangguran dan cadangan gas, serta pidato Bernake malam ini. Dipastikan hari ini akan terjadi gejolak yang cukup tinggi.

Sukses.