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Should You Trade Forex All By Yourself?

I’m a strong believer in the saying, “No man is an island.” In forex trading, and in just about any endeavor, it often feels good to know that you are not alone. It’s because of this, and a couple of other reasons that I have been advocating having a trading group. Having other people around allows you to view trading situations with several different perspectives. For example, a setup may appear…

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[Blog] 5 Books You Must Read For Traders

Dear Traders, I have been thinking about this subject for a long time. Ever since I started my trading career I have had numerous questions about which trading books are a good read. In the era of internet, books are often disregarded as too limited and not being dynamic enough. Nevertheless, books have always been and will always be an invaluable source of information that you can use for ideas,…

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Expectations

Hello to everyone, I have been working with one of the Phase Trader members which prompted me write a post about the mindset most people have when they come to trade, mind you this is not the mindset of the the member I am sure, but a general mindset I have seen so often over the years. Everyone comes to trading to make money, why currency, well the forex business bombards the world with get rich…

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Demo Trade Your Way to Success

You can open a demo accounts for FREE with most forex brokers. These “pretend” accounts have the full capabilities of a “real” account. But why is it free? It’s because the broker wants you to learn the ins and outs of their trading platform, and have a good time trading without risk, so you’ll fall in love with them and deposit real money. The demo account allows you to learn about the forex…

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PHASE TRADER FEBRUARY

Here are some questions for you, does your current strategy actually work, I mean can you see repetitive high win rate results in your account history, can you look at any chart and know whether to walk, wait or trade in about 10 seconds, can you see a better than the market average results is real dollars (mind you the market standard is pretty low) Recently I have been assisting a few select…

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TRADE ALERT Finally the EURUSD has closed under a significant price level, though not much. We want price to continue lower then come back to the 1.0800 for entry.

TRADE ALERT

The EURUSD trade did not trigger during the week but we still have the same conditions setting up , please refer to the last weeks alert for details.

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What is Forex: Buying And Selling In Currency Pairs

Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY). When you trade in the forex market, you buy or sell in currency pairs. Imagine each currency pair constantly in a “tug of war” with each…

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TRADE ALERT

We have a possible sell setting up on the EURUSD, what we need is a close on higher timeframes under 1.8000, there will be some resistance at 1.0700 and our target is 1.0600. If this plays out the plan will be to close half the position at 1.7000 and move the balance to a stop at 1.0750, alternatively trail price with 30 pip stop once reaching the 1.0700 level. It may be that price will move…

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MARKETS MOVING

The markets are starting to move again so we will see some trade alerts from the daily charts being posted soon, If you’re not a member then sign up this will allow you to read the full alert and how to trade it. Cam has just posted a great article on compounding, I know there is not much detail, but the concept is truly important, once you know your win/loss ratio you can then work this money…

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How to install a custom indicator to your MetaTrader 4 platform

How to install a custom indicator to your MetaTrader 4 platform 1. Locate and copy the MT4 custom indicator file on your computer. These are the MT4 indicator files that you would have downloaded. The icons look like the following: 2. Open the data folder. 3. Open MQL4 file. 4. Open the indicators folder. 5. Paste the files. 6. Restart MetaTrader 4. How to use a custom indicator on your charts 1.…

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2016

Hello To everyone,

This year is drawing to a close, it has been a quiet one really with a major family health issue ( my sister requiring a lung transplant and coming to live with us as full time carers) this is now all sorted and we are back to normal lives or a normal as they get, I have pretty much had the year off but next year I will be back trading. I welcome the new people and look forward…

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What will happen for you also This post is particularly for the new people, though it all may be new to you and you are still getting your head around trading and the system, once you get it this type of trading happens often, 100 pips on 1 pair (not that the pips is important really)traded for a couple of hours, the first I managed the trade to see if they where going to sell off before New York, the next 2 had some obvious targets so just put them and let it play, came back to the charts around London close to see how the week would end.

TRADE ALERT The USDCAD is currently ranging in a 225 pip band and currently above 7 year high, basically we sit right in the middle of 7000 pips of history, we look more likely to continue buying above 1.3350 , but Oil can dictate the CAD movement, if you compare them then the drop in Oil have caused the drop in the CAD, Oil prices are being manipulated by OPEC and no one knows how long for.

Trade Alert

TRADE ALERT

ORDER:PENDING SELL @ 1.1070

PAIR:EURUSD

TARGET: T1 1.1000 T2 1.0875

STOP: Close above 1.1335 on higher timeframes

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Introduction to Currency trading with Phase Trader

Quick webinar introduction to phase trader and how it works. Plus we get a quick catch up with Rob our head mentor. 10 years trading, he knows what to do.

Join in at: http://www.worldfxsignals.com/phase-trader

or

https://www.facebook.com/groups/130pips/

[video_player type=”youtube” youtube_auto_play=”Y” width=”560″ height=”315″ align=”center” margin_top=”0″…

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#introduction to currency trading #phase trader #phase trader world fx

The ideal setup

Todays chart is from a trade that has been setting up all month, the big outside bar on the 12th went from the month low to create a new monthly high,a 150 pip day which was unusual for the month to date, so to me this was sellers getting ready for something, absorbing all the stops above the 124.75 level ,however we had to for confirmation, we then had 5 days of price a testing the key level…

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