retest 50% fibo

retest 50% fibo

Forex Education - Fundamental Vs Technical

Analysis in forex trading can be categorised into two areas, fundamental and technical. Fundamental analysis is concerned with the economy of the country. So for instance, if the Gross Domestic Product (GDP), is positive and increasing then the country is growing and its populous (at least the majority of them) will be feeling richer and eager to spend on non-essential items. Businesses too are also likely to go on a spending spree as they nurture a growing balance sheet.

For Policy Makers in the Country's Central Bank, this is a sure sign that inflation will soon rip. As people shop more, the value of the goods are bound to rise as factories in the country and overseas find it difficult to keep up with supplying the goods. As the prices increase so will inflation, especially if businesses also give their employees a pay rise that is in excess of the level of inflation. If this situation is unchecked then the country could get into an ever increasing level of inflation leading to a ghastly era of hyperinflation. History has grave warnings for any country with hyperinflation.

In such circumstances and for obvious reasons, the Central Banks will stamp down hard and early on inflation in the only sure way they know which is by raising their interest rate. The main reason for doing this is to 'mop-up' the excess liquidity in the economy which has other profound consequences such as the resulting rise in the value of the currency. This is a fundamental event in currency trading.

Traders eagerly look out for clues in the numerous economic reports that come out every month for indication as to which way the economy is headed. If the numbers start to point to an improvement in the next GDP figure then they are likely to start speculating on the rise in interest rate at the next policy meeting of the Central Bank and begin purchasing the local currency in anticipation.

Conversely, if the economic indicators are pointing towards contraction in the economy, the Central Bank is likely to loosen their monetary policy by lowering their interest rate. This is done so as to encourage spending in the economy in order to drive the country out of its doldrums but with the consequence of lowering the value of its currency. Once again this is a fundamental event in forex trading.

Technical analysis is concerned with price action on a chart. It is essentially a study on the herd mentality of traders who have a position on that particular currency pair (remember, currencies are traded in pairs for instance EUR/USD). By using indicators on the chart, a trader can gain valuable clues as to where the currency pair is headed next.

Technical traders normally trade on lower time frames for instance anything from 1 minute to 4 hours whereas fundamental traders pick 4 hours and upwards. For the technical trader, the economic news, commentary by government officials and policy makers pose a serious risk of reversing their trades. It is a constant minefield they have to negotiate with their positions.

For the fundamental trader, the technical aspects of the trade are less of a concern and hindrance. Because they are looking at a longer horizon, the technical reversals in price are mere blips on their way to their ultimate goal. Fundamental trading is also known as Position trading and it also usually involves trading at a low or the lowest possible margin.

A notable Position trader is George Soros who in 1992 took a fundamental stance against the British pound and gained a cool 1 billion USD. He speculated that the Bank of England would not be able to keep the British Pound above a certain threshold in which he was proven right and rewarded extremely well for his correct speculation.

Whether trading using the Fundamental or Technical principle, currency trading should be deemed risky and traded cautiously.

Knowledge and preparation are the key to successful forex trading and could contribute significantly to your online income.

To your forex trading success!

Hanif Somani, Ph.D is an Internet Marketer and Forex Trader. Hanif obtained his Ph.D. from University of London in a scientific discipline and is passionate about conveying complex ideas to his audience in a simple but not simpler way. Hanif believes that anyone can succeed in their endeavors if they first obtain the knowledge and then apply it correctly in an incremental way. Knowledge is the key to success and this is what Hanif is happy to convey and share. I write regularly on all aspects of Online Income Sources which you can find on my blog at Making Money Online.

I have written a book on Forex Market and Forex Trading called "Forex Tamed" which you can purchase here: Forex.

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Best Forex Strategies

The forex market provides a stream of opportunities that individual traders can learn to profit from on a consistent basis if they implement a forex strategy that works. There really is a big difference between trading strategies that actually allow you to maintain a clear trading mindset while still providing you with a high probability edge in the market, and those that do not. Those forex strategies that provide you with the tools you need to profit consistently in the forex market will typically be centered on core market data instead of secondary indicators or trading software programs.

When trying to find a forex trading strategy that is based on core market data and not on secondary indicators you can run into great difficulty if you do not know what to look for, largely because there is a mass amount of misinformation and scams in the realm of forex trading information. As a result, many beginning traders make the mistake of committing themselves to a trading strategy that is both ineffective and overly complicated at the same time, setting themselves up for failure at the very beginning of their trading career. This is why it is critical that you learn about the best forex strategies as soon as you can by seeking out those strategies that possess the following the characteristics:

• Avoid those forex trading methods that are essentially nothing more than a forex system of rigid trading rules.

• Look for forex trading methods that consist of a more flexible forex trading strategy that will allow you to adapt your method to all time frames and all market conditions; most rigid trading "systems" simply do not meet this requirement.

• The best forex strategies are typically those that are based on time tested chart reading skills; things like trading support and resistance levels, trend trading strategies, simple breakout strategies, Fibonacci retracements, and simple candlestick pattern analysis are examples of such strategies.

• A forex strategy that is worth pursuing need not be extremely expensive or so complicated that you get a head ache while learning it. It should be simple to implement, effective, and make logical sense to you immediately.

When learning to trade the forex markets, getting started on the right track will positively influence all aspects of your trading career. It is critical that you try your hardest to avoid the pitfalls that many beginning forex traders fall into by pursuing forex strategies that have proven themselves over time and are not just another forex scam. It is a good rule of thumb to compare and contrast one forex strategy against another before you commit to one in particular. Also, remember to demo trade the particular forex trading strategy you decide to use before you attempt to trade with real money, successful demo trading is necessary to success on a live trading account.

Improve your trading by learning to trade off of simple yet highly effective and efficient forex trading strategies. Click here for more information: Forex Strategy

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Forex Strategy to Analyze Market Successfully

What is Forex strategy? "Forex" is a currency exchange market and "Strategy" is a skill to make a plan to achieve goal. So Forex strategy is a plan of action to achieve goal in foreign exchange market. Plans are required because forex market is very risky and tricky market.

As foreign exchange market is the market of currencies, so the traders buy and sell currencies in order to make profit. This business of currencies requires a lot of patience and money as well. It might take many years to become a successful trader in this market so there should be a Forex strategy in order to become a successful trader. There are different types of traders, they may be short-term, medium term, and long-term. Short term traders are also known as scalper. Usually, most of the traders focus on medium term strategy which requires less investment.

The forex strategies could be basic, complex, simple or advance. A basic Forex strategy is helpful for beginners. In basic strategies, there are some rules defined for the beginners about How to trade? Simple forex strategies are not for experienced traders, it is for skilled beginners. Simple Forex strategies define the techniques of trading. Also, other strategies like complex, advance etc guide traders about trading. Before start trading, one should first practice with forex trading software. These softwares are helpful for the beginners and give them idea of market as well as idea of business. Also, it is good for the beginners to enhance their skills by "Mini forex trading".

Traders use Forex strategy in order to make wiser investment decisions. These strategies educate traders. While developing strategies one should must kept one thing in mind and thing is "risk" about the business as forex is a risky business.

Types of forex trading strategies:
There is still no golden rule for a strategy to be 100% accurate all the time. Along with Forex strategy practice and hard work is also required. In order to survive, forex market needs long-term investors, people who have greater economy and banks. In trading, forex strategies consist of two constituents: Technical analysis and Fundamental analysis.

1. Technical analysis:
It is based on analysis of charts. It is also helpful if we are to analyze the boom and depression region of the market. Mathematical formulas are used to analyze the movement of market.

2. Fundamental analysis:
In fundamental analyses, the economics of the countries are analyzed, as each day new figures are disseminated around the world.

Both above types of trading strategies are essential in making successful and profitable trades. If one of them is missing, it will not be help in successful trading. When we associate Forex Strategy with technical analysis then we are able to deal with price. When we talk about fundamental analysis or when Forex strategy is associated with fundamental analyses then we are able to deal with economic factors. So in order to become a successful trader, it is important that besides following forex strategies trader must show positive attitude towards his work. Also, it requires patience because earning money is not quick it takes time as well as hard work.

[http://www.master-forex-reviews.com] offers unbiased reviews, tips, advice and techniques to help you improve your forex trading strategies and master the forex market.

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Find the Best Forex Expert Advisor Right Here

One of the most popular trading platforms around today is in the Forex (Foreign Exchange) market. All kinds of investors are flocking there to try their hand at the massive amounts of profits that are available each and every day. Sometimes these opportunities can be overwhelming, and the need for an expert advisor is one area that will definitely help out with this dilemma.

Expert Advisor (EA) software is designed to work with the investor, and help to conduct trades on an automatic basis using the current strategies that he has deemed useful. By using this type of program, many speculators in the Forex market have found that they can produce consistent results, and are usually in profitable trades.

This assumes that the input settings were properly programmed, and that the strategy was working before adding the software utility itself. Typically, designers have written code to be used with the MetaTrader 4; a platform that is being employed by a large number of traders in this market. It really doesn't matter what kind of strategy is being used -- whether long term or possibly scalping, an EA is a most powerful tool to analyze the marketplace.

There are different versions, but some exist that will cover both types of strategies -- if the investors likes to dabble a little bit in each. Markets can go up or down, and sometimes even sideways for an extended period of time, so having a program that can sort this out, makes trading a lot easier.

It can even go so far as to locate the proper broker to use after buying the program. This small step in itself can be crucial, since there is a fine line between profit and loss in the Forex market. Profits are there for the taking, and with a powerful ally by their sides, most players can take full advantage of this possibility.

Another great feature to have is the ability to trade multiple pairs of currency at the same time. However, not all of the strategies will be conducive to this type of trading, so it might be a case of trial and error.

Still, investors could be overwhelmed by the sheer volume of EA programs that are being offered. A good start might be to see what other top investors are using, or checking out some forums to read customer reviews on one of interest. This will at least provide a glimpse into what the program will do. Choosing the right EA is one of the most important things a trader can do to realize a consistent profit.

NOTE: By researching and comparing the best forex trading softwares and platforms in the market, you will determine the one that meets your very specific financial situation and experience level.

Hector Milla runs the Best Forex Trading Strategy website - where you can see his best rated forex trading platforms and robots. Visit for further information.

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Scalping Forex - Fast Money Maker Strategy!

And you know this... trading many times a day to take many small profits, that's the job of scalping Forex... but do it correctly to make it profitable, is the job of professional trader.

Actually, this expert activity to make fast money isn't easy (but fast) and is reserved to veteran trader because you have to be really concentrated and involved in your Forex day trading. That's the pros and cons of scalping Forex.

But once again, Internet has changed everything and the scalping method is not anymore reserved to veteran trader. You can place your trade at the right moment many times a day without being in front of your computer 24/24 hour and more important making more winning trades than losing trades.

Believe it or not, I can actively trade 24/24 hour, without missing any single opportunities in my currency pairs during the day but and that's the catch: I still have lots of free time.

Oh... and I'm working at home with full control of my scalping weapon "money machine' strategy without any kind of illegal things. To give you some of my result, when I've started to implement successfully this scalping Forex tactic, I've double my deposit in less than one month.

Is it interesting for your financial freedom? Make profitable scalping Forex 24/24 hours with full of free time to enjoy your family, your hobbies, your travels or your friends.

Of course, that's my personal point of view but maybe you prefer doing it like a top-notch and serious veteran trader who has no social life.

Reading every words of my article, you're realizing right now why scalping Forex is a fast money maker strategy.

How do I do it?

Some months ago, you will have to invest between $500 to $800 to buy any automated Forex trading system that do this scalping strategy correctly. But due to the popularity of the Forex marketplace, many Forex software were and are still developed and distributed today.

But I warn you only a few are really profitable and again, only a few have the scalping Forex strategy built-in.

The good part: it's much cheaper and much efficient than a $800 automated Forex trading system provided by big corporations. The worst part: it will be difficult for you to detect and identify then test every Forex software you've found on the internet.


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Three Important Things before you get involved in world of Forex.

Probability of earning on Foreign Exchange Currency is based on the fact that every national currency is a good, as well as wheat or sugar, and a medium of exchange, as gold or silver. As the world is changing so fast, economic conditions of every country (production, inflation, unemployment etc) are getting more and more dependent on each other, as a result, the rate of a currency changes against other currencies. This is the main reason of the process of rate fluctuations.

There are 3 thing that newbies or the freshman in the world of forex to excellent in this fragile industry:

1. First thing first, you must have a great teacher or more specific successful mentor. To guide you, to train you every time you get lost in direction and he will be there for you to take you be in the right pathway. Many traders and fall because there are doing this dangerous job by himself or by herself. Please, I am begging you. Find the mentor and ready to yourself to be coached and pay maximum effort. Don’t think about money first, Money will come later when you are excellent in this job.
2. Secondly, please gain the maximum knowledge about this industry as much as you can. Why? Because the market are not as you expect, the market are always changing, day by day, every second, they never be the same, same as while you at sea. You are never come out at the same spot where you get in the sea. More you know, more u will success in this arena. Follow the global news of your favorites country currency because the bidder and asker are the human and they always affect by the news and the emotion. So you are.
3. And the most important part. Choose the right system and stick with your system and never get lack of it. Many successful person use the one system and stick to the system. How to create the system? As usual trader will be playing around with demo account. Use it maximally to find your system. There many system out there. But there were no perfect system yet. Don’t play with your emotion. As many traders always said. Plan your trade and trade your plan.

May God Bless us all.

Fundamental Forex For Newbies

Foreign Exchange market, abbreviated FOREX or FX, is the largest financial market in the world. Forex traders include many financial institutions, such as large banks or central banks, as well as governments, currency speculators, and multinational corporations. The average daily trade currently exceeds $3 trillion.


Although Foreign exchange trading can be confusing for newbie's, the market still lures many people in because it has numerous advantages when compared to other markets like stocks or commodities. Forex trading is somewhat different from stock exchange markets and there are opportunities for those who take part in it. Do not be tempted to jump into trading forex before you have a clear understanding of how the market works.
So how does the forex market work? Here are the key features of forex that differentiate it from other trading markets:


(1) Forex trading does not happen at one location but through use of the telephone and networks, although there some main trading centers in major cities all over the world. Foreign exchange brokers conduct business from their office via a microphone that is connected directly to a phone line. The brokers voice is continuously being transmitted to dealing banks' speakers. To have a better feel for how this is done, visit www.forexvoice.com and you will hear brokers calling the bid/ask prices. Currencies are quoted in pairs, for example EUR/USD. A trade in forex is equivalent to buying one currency while at the same time selling another. The sell quote is displayed on the left and is the price at which you can sell the base currency. The sell quote is also referred to as the market maker's bid price.


(2) Forex is extremely liquidity. The large number of traders on the forex market and their diversity makes forex unique. The exchange rates, which represent the basis of the forex market, can be influenced by a great variety of factors, hence the opportunity for speculations that exists on this market more than on any other financial market. Although the forex market has low margins of profit by comparison to other fixed income markets, its large trading volumes allow for profits to be considerably high.


(3) Forex trading hours and the geographical dispersion are unique. Forex trades virtually for 24 hours each day from 5pm EST on Sunday until 4pm EST Friday. A trader can choose to trade whenever it is convenient for him or her. You even have the possibility of using auto-trading on many trading platforms.


(4) Another characteristic specific to the forex market is that it lacks a central regulatory agency. There are some countries that regulate their dealers. You should only do business with regulated dealers. Otherwise, you may wake up one day and find out that your dealer has gone under taking your account with it!


(5) Forex provides the opportunity to trade with leverage, hence higher profit or loss. In the stock market, you could use margin to achieve a leverage of 2:1, while in forex market leverage of 100:1 or 500:1 are available.


(6) You can open an account with as little as $25 to start trading with. With most brokers/dealers, you can open a demo account and practice for as long as you like without paying a dime.


(7) There are free real time quotes and sophisticated charting programs for forex. An excellent example is Metatrader that you can download for free with tons of technical analysis and expert advisors to show you how to trade forex.


Just as in any other market, trading forex along with its exclusively high profit potential, carries a high risk that must be understood. It is possible to gain success only after good training including a familiarization with the structure and kinds of forex, the principles of currencies price formation, the factors affecting prices alterations, trading risks levels, and money management. You also need sources of information necessary to account for all these factors. You need techniques to analyze or predict market movements as well as trading tools and rules. In future articles we will discuss some of the pitfalls beginners should look out for before starting forex trading.

How to turn 500 into 3736 in just 30 Days

Ok, we admit it. We have spent many weary nights questioning whether we should release our incredible trading system to the public.

But at the end of the day, we figured that we had already made so much money, that we really didn’t have anything to lose. We have been fortunate enough to be blessed with great intelligence and now we would love to share it with you.

For years now we have been using our successful strategy to place trades day in and day out. We have mastered a system that scalps the market whenever there is any price movement, and its 100% programmed and ready to begin trading for you.

It’s true…. The IvyBot is one of the most revolutionary automatic robots to hit the market.

So why does Ivybot succeed while all others fail?

The reasons are endless but one prime cause stands out

Back tests ALONE are worthless...
Period, end of story.

We don't ONLY rely on back test results !

Here is why... As you know the markets constntly change. Ivybot is intuitive
enough to recognize not only major shifts in market patterns but minor ones too!

Simply put... a robot that made money in a back
test a few months ago probably will not work today.

Let us be clear Ivybot back tests are amazing.

However, the best results are found in real day to day trading.

Not everything in life works, but if you want the life I have you need to do something about it. The truth is you need to work smart or actually "work" is a bad word... You need to take smart actions. I remember my father... bless his heart, he worked 15 hours a day six days a week with his own driveway paving company. He worked really hard his whole life to support his family and was a "business owner". By the age of 28 I had already made more than he did in a lifetime by taking smart actions and learning about trading.

For more information just Click Here!

Basic Knowledge of Expert Advisor Metatrader

Hey, are you looking for the best expert advisor metatrader for your MetaTrading platform? Whether you use MetaTrader Client Terminal, Mobile and Smartphone, or the MetaTrader MultiTerminal, you can maximize your profits by using a Forex EA robot. The forex market is exciting, fast and very liquid. There is no other market that offers such opportunities as trading forex online.

The expert advisor metatrader robot is more admired than its ever been with 30% of all traders presently using one as the integral part of their trading and as time goes on we'll likely see them become more the standard amongst traders. If you're fresh to the forex market, don't have the time to dedicate to it fully, or simply aren't making the money that you'd like from it, here are reasons to use a forex robot to see some real automated profits no matter who you are.

When a trader opens and closes his or her trades at lightning speed, expert advisor metatrader has a chance of making money very rapidly; this technique is called scalping. The small movement in price gives the scalper luminous profits. If the trader is quick enough to go in and out to seize the chance before the market slows down, the trader will make a lot of money. Although scalping is risky, bold traders who are brave enough to challenge the market will be rewarded with enormous profits.

While it may be obvious that you should get an expert advisor metatrader, you may be wonder which one is the best. A quick Internet search will return abundant products all shows potential to make you rich. While it is very potential to become rich from using one of these products, you have to make sure you choose the right one. Regrettably, there are scams and unproductive products hovering around. But if you put your potential purchase up to the litmus test, and it passes, you can rest certain that you are making a legit life-changing purchase.

No Emotions - If you're new and inexperienced in the forex market then you don't have the discipline which experienced traders possess and you can only tie together over time. It can be very difficult to know when to exit a trade and oftentimes many traders will still in longer than they should before getting out of a once long money-making trade which has overturned while they hold out hoping for another reversal. This generally isn't how it works, and most traders won't let themselves get out while they continue to hemorrhage profits. The trading is out of your hands when using a expert advisor metatrader robot.