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17/43
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THIS IS ONE OF THE MOST SIMPLE SYSTEMS OF TRADING I KNOWIt works very well on the hour time frame and the 30 minute time frame, I like to use it on the GBPJPY because this pair often yields some explosive moves.Its a simple system all you need to do is about 5 minutes of looking at a chart and you are ready to roll. Firstly open up a hourly chart and put the following moving averages on these are based on the closing price. -200 Simple Moving Average (MA200)-50 Simple Moving Average (MA50) What you are looking for is a very simple three wave move, it is sometimes called an abc zigzag and it is a correction wave which means it is often found running against the trend. Trades in the trend direction have a higher probability of working out, and now I will explain how to enter trades and where to place your stops and proifit targets. Long Trades50 Moving average MUST be above the 200 period Moving average, this is a set up for a buying trade. what you look for is a move down followed by a retrace up and then a further move down, this give you the zigzag pattern ABCsee below Place your buy trade at the point where the distance in pips of AB is equal to 95-100% BC, this is sometimes cal…
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auto1 avatar
auto1 7 Dec.

Good /Nice strategy/set up for a fast moving pair, please explain the Short set up too.

doctortyby avatar

Greetings, your buy limit order at 131.5 was not hit as the lowest bid before the rally was 131.7. I bet you were going for the SL hunt for the entry. The TP and SL for your position are too obvious :P Welcome to the Article Contest. I am expecting more articles from you.

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19/35
Ranking
1) lack of knowledge: Most of the new currency traders do not make the time to learn and learn the basics of currency movement. So it must in this case when there is a date for the release of economic news or important statements to get out of the market to close their contracts open and wait until there is a chance other appropriate to enter the market and this is the best way for them to enter the market only when it is quiet and so avoid trading random during news The thinking in the art movement of the market.2) repeat entry on the same day: When you set a goal short in the number of points and a reasonable proportion of stop-loss will make you check a couple of hundred dollars a day.3) access at once a large number of contracts: Most companies give you a small margin to enter and some believe that this feature good understanding Egronk to enter a greater number of contracts at once to get a greater benefit you, remember that when it drops remaining amount from your account for use in the margin to zero The program will log you out of the market and immediate and close all your contracts you bear the loss.4) rely on others in decision-making: often acting professional._en indiv…
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eglawer avatar
eglawer 8 Sep.

Thank you for this article

SpecialFX avatar
SpecialFX 10 Sep.

37) Cutting your profits short, and letting your losses ride (the exact opposite of what you should do) :)

hany8 avatar
hany8 10 Sep.

Hi iam with you Specials and with Haney

alifari avatar
alifari 24 Sep.

good job - well done

captain avatar
captain 27 Sep.

An informative list. It could also be longer. It all boils down to lack of a profitable trading plan and the discipline to implement it.

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10/67
Ranking
                                                                 MY
FLAWS
As a man and a human
being I accept that I have flaws. Those can be seen in my trading as
in other parts of life.
(1)
PROBLEM
I have a tendency
to be impatient. Instead of waiting for a particular pattern to form
completely I sometime take it before it finishes forming. I sometime
ge
t a good entry but I also get reversed on more time that I care to
admit. The question really is how do you correct your mistakes. Well
I happen to have the answer and I think its time I myself followed my
own advice. Knowledge is useless if you have it but don't incorporate
it in your life.
SO here is my answer.
Write down the flaw and come up with at-least one way to correct it.
In other words its time common sense became COMMON.
SOLUTION
From now on if its
not complete am not in it PERIOD. So easy a caveman can do it.
Always have a reason to
take a trade. A stop and a Take profit. Always have a confirmation
signal and watch out for the fundamentals
and the overall direction
on the underline market. Watch out for the S&P it has a lot of
pull not only i…
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positive avatar
positive 20 May

I always believe that " accepting and adapting " is the first step towards successful trading.Now you have passed first step. I am confident you will pass through second step as well.

Furian avatar
Furian 28 May

keep it simple is key for succes +1

kkforex avatar
kkforex 28 May

NIce article 1+

fora111 avatar
fora111 29 May

good article+

batlax avatar
batlax 29 May

nice +1

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5/53
Ranking

BRIEF INTRODUCTION          The Sun with it's gravity and energy, while planets with their gravity, influence every life on our planet. Water is the sea rises during full moon, making land region of up-to 100 miles next to the sea moist and trees bark becoming softer. Human brain, likewise to the body is made up of more than 70% water, which is thus influenced by the same laws of physics, which are affecting large water bodies. Out thoughts, emotions are also influenced and these emotions affect the currency markets directly and indirectly. Does this sounds like an opportunity? If yes, here is a treatise for you on Astro Harmonics. Selecting this topic was tough, as we're in between an article series on Financial Freedom covered in last month's articles. However we will continue the same in this month's other articles. We will show how this stuff works, along with few examples. The research did took some time, however it can never be complete, as there are new things being found and published frequently by the press and book stores.Why Astro Harmonics?There have been little research though in detail to the maximum extent possible, done on trading markets and systems ba…
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Nicco avatar
Nicco 7 Mar.

Nonconformist approach of trading and of traders of course. There are many influences of the Moon and of planet positions on human activities as on our planet as a whole. Certainly currency trading is a psychological process maybe, not a spiritual one as you stated here. Now, at the beginning of the month of Mars many planets of our solar system were in particular positions. It’s possible to correlate these positions with some flashing moments in currencies movements at the beginning of this months? Have you find some analyses of planetary influences on EUR and on the world wide crisis?Thanks

MrSami avatar
MrSami 8 Mar.

2 years ago, while I was studying Elliot Wave Theory and its applications to markets, I have also studied Spiral Calendar... Also, there is a book on amazon, named The spiral calendar..
Astro harmonics and calendar works, in my opinion, requires too much effort. After using those approaches for a while I quit and used to take price bars as base reference.
Anyway, thanks..

Nicco avatar
Nicco 10 Mar.

IO van't see anywhere your comment at my comment! Sorry!

positive avatar
positive 20 Mar.

One more excellent article Ritesh. Both spirituality and trading needs enormous control over the mind to achieve the ultimate objective. +1

ritesh avatar
ritesh 2 Apr.

Thanks everyone for their support. :)

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17/58
Ranking
INTRODUCTION          February has been a terrific month for both trend and range traders, as per forecast given during last to last week's Trader's contest video wrap-up. Dollar Yen continues to move up in higher heavens, while risky currencies are maintaining their ranges. What comes up next is the real deal to be seen. With financial season coming to an end with next month, we should see close of many big positions in the coming weeks. How the future folds is more likely to be visible on higher time frame charts. Here in this article, we will see some of the big trade setups which can work out in coming days and weeks. Let's go ahead and do some practical analysis of select currencies.Forecasts for going LongEUR AUD: Euro is all set to go higher against Aussie, with PRZ around 1.1960 and targeting 1.3550 as the first take profit level. Keeping a stop loss of 1.18 is recommended for this trade giving out a decent risk reward ratio of 1:7.EUR AUD, 1.196, SL 1.18 (200), Target 1.3550 (1500), 1:7GBP NZD: Pound will crush the Kiwi around 600 pips from 1.8675 area. The take profit is based on 21 moving average and stop loss for this trade is around 150 pips at 1.8535. Keep the trade s…
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doctortyby avatar
doctortyby 26 Feb.

Indeed valuable information in this Article.I like the PA analysis that You make.great Forecasts.Keep it up my friend.You have my support

adask avatar
adask 29 Feb.

Job done well. Nice and very clear analysis!

ELENA_M avatar
ELENA_M 29 Feb.

top-10 again yours, Ritesh :) your perfect style is deserves of prizes every month :)

ritesh avatar
ritesh 29 Feb.

thank you dear. this analysis caught me a top in a short trade on CHF-JPY at 91.25. Certainly it would work till exit. ;)

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21/58
Ranking
INTRODUCTION            When we plan to make trading a source for earning profits and achieving Financial Freedom, we put ourselves knowingly or unknowingly against the biggest banks and experienced traders. These people are much more disciplined in their approach, have more experience as well as huge money and resources than one could have imagined while opening an account with a Forex broker. Henceforth, it's imperative for a trader to build a system which is powerful and has a big edge over the market, no  matter if for a little time only, so as to make money in the long run. In this article we discuss these crucial factors that  we hear a lot about and few which we rarely thought of.Why Business Plan, when already choosing a Trading SystemWhen we trade and specially in the forex markets, our opponent is not the retail trader however the big banks and  institutions like Deutsche Bank, Goldman Sachs. The big dogs have vast amount of preparation in terms of planning, hedging,  server infrastructure, manpower, resources, as well as capital. Does this means they will let us win easily, certainly not. However nothing is impossible. A well known saying says "The best way to rob the ba…
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kkforex avatar
kkforex 14 Feb.

Nice reading. 1+

ELENA_M avatar
ELENA_M 18 Feb.

new part of your textbook :))

adask avatar
adask 29 Feb.

Trading Forex is business, that's for sure.

Bluedragon avatar
Bluedragon 29 Feb.

good luck +1 ;)

ritesh avatar
ritesh 29 Feb.

Thanks a million to all of and doc, kk, Adask, BlueD and Elena for all the encouragement and support.

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37/65
Ranking
    INTRODUCTION    In last week's article, we got to know about the types of Financial Freedom, affect of taxation and inflation as well as interest rates on our future financially. Also presented were spreadsheet based tools to know monthly budget and Financial Freedom target based on these budget calculations. Let's advance our discussion on this most attractive part of retail forex trading, achieving Financial Freedom.Planning for it!Before we dive into Forex Trading, a plan is a must. Failing to plan means we plan to fail. Just like we learn many times that we should avoid trading mistakes and a mistake means deviation from the set of rules we have (called as our trading system). So for making no mistakes, we need to have set of rules which requires planning, testing of the trading system and it's implementation. In similar manner, for this long term target of achieving Financial Freedom with Currency Trading, one must plan this as a business case and with a professional mindset. By business, it means everything must be documented in form of procedures or rules as a holistic system and audited regularly for compliance and process improvement, giving this a professional edge. I…
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kkforex avatar
kkforex 23 Jan.

Good luck for the article contest 1+ Thanks for support

positive avatar
positive 23 Jan.

Planning and homework are the first stages of any activity.Well done +1

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38/65
Ranking
          INTRODUCTION          This new article series focused on the finer aspects needed for a forex trader to make this activity targeted towards the goal of Financial Freedom. Upcoming articles would be dedicated on this Financial Freedom aspect, so as to make it easier for the readers to grasp the underlying equation of making consistent profits with currency trading and thereby replace their present job which is presently a obligation to just an optional activity. Articles will include powerful techniques needed to remove major trading related issues, problems traders face while managing their money for achieving financial success. So without further delay, let's dive into the world of currency trading with a professional and realistic attitude to achieve our respective financial goal.What is Financial FreedomFinancial freedom is generally described as the financial state achieved by a person, which makes him or her free from any obligations to work in future in order to preserve or maintain the standard of living for whole of their lifetime. In simple terms, one has enough money to spend at the same rate as of now, without any need to work or do a job or perform business ac…
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kkforex avatar
kkforex 19 Jan.

Best lcuk and thanks for the support 1+

doctortyby avatar
doctortyby 19 Jan.

This subject is an old passion of mine. I have also written about Financial Freedom (obtained through a business, Trading, Inheritance, or just plain "Luck"). But one of the most important facts is how you protect you Financial Freedom (inflation, taxes and especially New Habbits and Needs that we create ourselves with the Money - Mental Freedom). If You have more Money doesn't mean you are Free. Good luck +1

ritesh avatar
ritesh 23 Jan.

thanks doctortyby, new habits for sure are nice, while Financial Freedom only secures the present living standard for future. thanks :)

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5/65
Ranking
INTRODUCTION:  Dear readers,  Flawless execution of trading system is possible only with confidence in the very system and we get confidence from the competence we have earned with education and learning. Henceforth, the need of education is imperative in order to be successful in our trading. I strongly believe you have already read the past articles of this pipping recipe seriesivergence – Ingreedients Of My Pipping RecipeHot Demand, Sour SupplyStop Profit - Target Perfection Using FinonacciBalanced Trading Diet: Position Sizing And Risk ManagementFortune Cookie: OPM – Other People's MoneyCritical Success Factors For Trading Harmonic PatternsPivot Points Check-in To My Trading SystemReturn To The Missed! PivotIf you haven't read them through, kindly do so before answering the questions presented herein.While this article series educated us a lot, it will be of little use if we do not rehearse and revise the important facts learnt during the series of articles presented here for Dukascopy community by the contributor. Thus, on this occasion of new year, I'd like all of us to review what learning we have got from the article series presented in recent past months and test the sam…
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positive avatar
positive 7 Jan.

Good one.Provides lot of learning to people wanting to educate themselves..+1

doctortyby avatar

I love your writing my friend. This trading test is the best piece Yet. Great trading education for any beginner or professional trader. Keep up the good work.

ELENA_M avatar
ELENA_M 10 Jan.

my congratulation with 1 place in December :)

kkforex avatar
kkforex 13 Jan.

Very nice and informative article. 1+ and Best luck for article contest.

ritesh avatar
ritesh 23 Jan.

thank you positive, doctrtyby, kkforex for the kind comments :)

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12/65
Ranking
The main objective for my writing this article is to clearly inform you about the opportunities in the field of the Forex market. The Forex market — what do you understand by these two words? Before continuing, I want to remove a myth from everyone’s mind and that points to the discrimination between trading and investing. For the purpose of my clarification, I will refer to Al Thomas, President of Williamsburg Investment Company, who indicated in his writing, "If it doesn't go up, don't buy it". He did emphasize on the word ‘buy’. He also wrote, "Everyone who invests is a trader, only the time period is different." I took his words seriously after I was a victim of the fall down in the field of stock market in 2000.So at present, we shall talk about the features of currency trading concerning the stock and commodity trading and also compare them.Liquidity — The main working force for any kind of market is the liquidity of money and when it comes to the Forex market, it is the most financial market in not only a single country but the world which trades around 1.9 trillion dollars everyday. Because of the commodities market’s trading around 440 billion dollars a day and the US sto…
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Farhana avatar
Farhana 26 Nov.

its realiable...

Mithi avatar
Mithi 26 Nov.

its nice

Sadia avatar
Sadia 29 Nov.

thanks

Omar_faruk avatar
Omar_faruk 29 Nov.

good topic. helpful. thanks

tumiamar avatar
tumiamar 29 Nov.

found it informative. Thanks for your writing.

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20/65
Ranking
For most of us, forex is a
trading place except for the banks and investment firms. Banks, investment
firms and hedge funds trade forex as well as invest in currency market. They
are the market maker and responsible for market acceleration (drive of currency
market). The major participants of currency trading are listed below according
to the priority:
Banks:
interbank, commercial banks & central banksCommercial
companiesHedge FundsInvestment
management firmsRetail foreign
exchange tradersNon-bank
foreign exchange companiesMoney
transfer/remittance
Spot currency trading is not
suitable for all type of investors as it has huge risk to lose you capitals.
You must have to have a proper money management to trade in spot market. To me,
controlling the leverage is the key to success in forex trading; definitely the
risk model is also very important to trade. Depending on the investment you
must design you trading strategy to get the best output as well as need to
prepare you mentality for trading. If we study the history of some trader’s
life, we found few traders who committed suicide because they could not
tolerate the stress of losing money at the end of their life. So forex trading
i…
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ksalam avatar
ksalam 24 Nov.

thank you faridns and forastero for you support

Radway21 avatar
Radway21 24 Nov.

super

ksalam avatar
ksalam 25 Nov.

Thank you Radway21 for reading my article with patience.

Sanjoy avatar
Sanjoy 27 Nov.

Nice article.Expecting more

Omar_faruk avatar
Omar_faruk 29 Nov.

good lesson. want more

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22/65
Ranking
The world economy is so vast that a single head cannot understand its functionalities and mechanisms. To implement the fundaments in trading place, it’s not possible for you and me. Besides individuals like me, has a little investment compared to the big guys, we must choose a sustainable trading system which will give us a good return (return of investment) as well as minimizes the probability of loss. Technically forex is a 50%-50% trading place. If you are into a trade, there are fifty percent chances to win or to lose money. The major traders (dummies) think that forex is a gambling market place. We invest a little money and dream to be a milliner. Honestly this is just a dream and we all know dream never comes true.  During my three years of trading life I figured out few points why we lose money in forex! Little investment: In spot market trading most of the trader start with a little money. For example, $50, $100, $200, $500, $1000 and so on. Yes, you can say this amount as your investment, but is it enough for trading to make a smart amount of money at the end of the year? Definitely no, the minimum investment for spot trading should be $5000. You can handle your trade us…
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faridns avatar
faridns 24 Nov.

good article +1

ksalam avatar
ksalam 24 Nov.

thank you faridns, undral, alifari, hasanrafraf all for you great support

Radway21 avatar
Radway21 24 Nov.

super

ksalam avatar
ksalam 25 Nov.

Thank you Fadwa21 for your feedback.

ELENA_M avatar
ELENA_M 28 Nov.

good for beginners, but not enough informarive. This article need must be continue :) good luck in contest :)

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10/108
Ranking
Introduction: beliefs and Definitions Speculation Hello Guys, I'm a big fan of markets and speculation. The markets are fantastic and wonderful. Markets are a unique social phenomenon. Specular means to investigate, watch and meditate. The speculator is one who meditate, reflect, investigate, investigate, study and contemplate. As traders and speculators are convinced and encouraged to look inside our hearts, peer into our psyche, inspect the graphs, evaluate and reflect on the news and macroeconomic data. Money Traders must have a pure and honest relationship with money.The money for the trader is never the goal or purpose. Money is the justification for the trade. The money is only the measure of wealth we've created. Money is not our goal. We must work as a trader in the markets to forge genuine and real wealth for the community. Many traders compare the market to a jungle. the jungle where the lion has to wake up every morning and run faster than a gazelle. when the lion is not fast enough. the lion does not eat. This is not trading. Boys passionately and fervently tell you this is not trading.  The correct view is: we are speculators. We are men and women who meditate, reflect…
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LinnuxFX avatar
LinnuxFX 4 Oct.

Good article, very pro, but not easy to understand, good luck...

FL_Goldman avatar

@LinnuxFX In the next article I will explain more. I am always available for your questions. Have a nice day

Livornese avatar

Like the structure of your trading approach!

MasterFreak avatar

Nice one..+1 for you ^^

ritesh avatar
ritesh 11 Oct.

This is a professional approach to trading the markets as a serious business. I hope I'm able to digest the vast knowledge you've shared in this article before I get to see more from you. +1

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