How to use multiple time frames

 The forex trade market is more of an adventure kind of market where you would never stop learning; it is like solving a mathematical equation with ever changing figures.

 In trading forex there is a great importance of looking at multiple time frames before executing any form of trade, and this is the reason why a newbie who is used to trading off 5-minute charts and whom must have analyzed a possible buy opportunity would suddenly wonder why the market reversed. In most occation that same currency pair could have found support or even hit resistance on a much larger time frame, and because the newbie ignores looking at other time frames when analyzing the market he now stands a higher risk of losing all his money.

 Studying multiple time frames has an added advantage in making trade decisions, and a perect combination of time frames gives you an edge in identiying possible market trends to sell-off or to go long.
  Now i usually prefer analyzing time frames in these sequence (5-minute, 30-minute, and 1hour) or (15-minute, 1hour, and 4hours) There are , however, other combinations you could use to identiy your market trends, but do not exceed using more than 3 different time dimensions at analyzing a currency pair.
 Always define yourself before taking any form of action, it make you a successful trader.
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Are you using a Forex Robot?

 Trading with a forex robot have come a long way for some of us, like a tale as old as time itself. There are literalily tons of automated forex trading systems out there, some with distinctive ffeatures while others appear to be very similar.

 Most forex experts have recommended a few of these forex robots to be the real deal amongst their paired counterparts; Some automated trading system are new in the market and so are'nt recognized to have lived up to their counterparts which have stood the test of time. My advise to the newbie is to get up to date info on the benefits of using automated forex trading systems and how it can save you from losing all your money and freaking out.

 The next question on your mind would be which forex robots to choose from a numerous list of automated trading softwares out there. It goes without saying that automated trading systems have proven to be highly effective with various degrees of success; So here is a few i would recommend:
• forex Ivybot!
• FX Rebel!
• Forex Fap Turbo!
• forex Megadriod!
I wish you success.

Which forex broker do i choose? (part 2)

I pointed out some basic features earlier that one should look out for when choosing a broker, now let us look at the trading software platform.
 Generaly forex brokers have made it very possible for one to trade on the internet with ease, and this entails the accessibility of their trading software.
 I would prefer a client-based software program to a web-based software program for very personal reasons, it tends to run faster amongst other things. My quess is that you should test a bit of both, be sure to open a demo account with a few online brokers before opening a real account, and while you are at it make a close examination of the brokers trade platform layout. Check for a personal summary of account balance with respect to profit and loss margins, how it displays real-time currency exchange quotes compared to other broker's trade platform. The easier it for you to understand the better it gets.
 With that out of our hair the next thing would be to look at the forex broker policies; Now do not just settle for the first broker that look good to you. Please read the broker's policy to be fully aware of all the broker is imposing on you. your money really depends on it.
 There is a long list of brokers to logon to with the likes of; • Etoro forex broker!.

Which forex broker do I choose? (part 1)

Let us look at the term “broker”. What exactly is a broker? A forex broker is simply an individual or a company that buys and sells order on behalf or according to the trader’s decision. To trade forex one needs to open an account with a broker, but deciding on which broker to open an account with requires a little research on your part. So what then should you look out for, what services are the broker offering? What fees do they charge? Hey! Slow down…
Firstly, when selecting a broker, find out if it‘s regulated and by which agency is it registered with? You can do this online. In the United state for example, a good broker is registered as a futures commission merchant (FCM) with the commodity futures trading commission (CFTC) and a NFA member. The reason behind this is to protect the public against fraud, manipulation and abusive trade practices put up by brokers with dirty records and unstable financials. So please stay away from such brokers.
The second thing one needs to look at is “customer care”. How user friendly is the broker? Do they have a 24 hour support? Can you contact them by phone, email, or chat! How quickly do they respond! Good quality support can vary from broker to broker, so please check them out before opening an account

Trading signals

what exactly is a trading signal and of what use is it to me?.. a forex newbie once asked; He had just gotten the hang of analysis charts, following market trends and trading the news with as little losses as possible and more profits on his trades that he did'nt think he should bother understanding what trading signals really were and which brokers or companies offered trading signal services.
Well i won't really categorize applying trading signals as a newbies ways of jumping into trades without much fundamental or technical analysis to execute trades, but its more like a convenient way of letting someone do the mathematical calculations for you while you just fill in the answers. Automated trading softwares are very ideal with likes of forex Ivybot! or the forex Megadriod!
There are various companies or brokers that offer trading signal services; some have evolved to have proven themselves over time and have produced consistant results with more satisfied customers.

Forex Trade Analysis

The forex market is a market in which the commodity is money itself. Forex is a nickname for foreign exchange and it’s a market where traders buy and sell foreign currency pairs eg. Trading dollars for euros, pounds for dollars.

 The general idea is to buy a currency when it’s strong and to sell off when it shows weakness to make profit but then it’s not as simple as it sounds because the currency market is always fluctuating in an almost unpredictable manner, and so it takes time and a reasonable amount of skills not to mention a good knowledge of some technical and economic factors to begin with and in some cases past market data to make analysis of an either upward or downward trend a particular currency pair is likely to take. One good tool to measure such trend are indicators. I personally would suggest MACD and the STOCHASTIC indicators for some very good reasons which I would discuss later. I also want to point out the use of automated trading systems like the ”forex Megadriod” or the "FX Rebel" and lets not forget the use of "Trading Signals", now this is a nice way of just poping in and out of the market to execute trades without spending much time analyzing the market. There are companies and brokers that offer trading signals for an ample fee and that varies, but take note of trading signals; it’s not a 100% accurate. There are, However, ways to combine trading signals with other technical analysis to yield more profit thereby making more pips; like trading the news, watching out for an inverted hammer candlestick, applying the Fibonacci retracement indicator… the list is endless

 All it takes is little know-how, time and practice to really get up there not to mention determination. Knowledge is power and so to trade like a pro you need to know what a pro knows, let no man deceive you; it would take a little effort and plenty of study.

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