Apr
26

MACD For Online Forex Trading

In the past few days I’ve blogged about technical indicators for online forex trading. Along with moving averages, the MACD is one of the valuable forex trading tools you’ll have online.

MACD, which is an acronym for moving average convergence divergence, is a momentum oscillator, meaning that it reflects the strength at which the market is oscillating (remember that the market moves in price swings, or oscillations).  The MACD is one of the most popular technical indicators for online forex trading.

Components of the MACD

First, the MACD includes a line that represents the difference between the 26-period exponential moving average (the slow EMA) and the 12-period exponential moving average (the fast EMA); this line is often referred to simply as the MACD.

Second, the MACD includes a line that represents a 9-period exponential moving average; this line is known as the “signal” or “trigger” line and is used in conjunction with the first line.  

The first indicator that the MACD reveals is based off of those first two lines.  When the MACD (the difference between the fast and the slow exponential moving averages) crosses over the trigger line it offers a buy (bullish) signal.  

When the MACD crosses under the trigger line it offers a sell (bearish) signal in online forex trading.

The smaller circles highlight points where the MACD crosses 1) over the trigger line (the buy signal) and 2) under the trigger line (the sell signal).  As it is in this chart, the MACD is usually represented by a red line while the trigger is usually a blue line.

Another aspect of the MACD indicator is the histogram (which you can see in green in the following screen capture image).  The histogram is a

MACD For Online Forex Trading

Apr
23

Trading Forex On A Trading Day

Yesterday you were introduced to the concept of forex trading and trending days, Today you’re going to learn how forex trading on trading days works.

The best chart for trading forex on a trading day on is a 15-minute or 30-minute chart.

When trading forex on a trading day, your best bet is to trade the formation of an upper bell curve or a lower bell curve.  You will find additional security in that trade if you look for a convergence (a price where more than one indicator signals a buy or a sell).  First, draw all of your trendlines.

Second, set your Fibonacci lines from the last swing.  Try to imagine the market forming an upper (lower) bell curve – if it did, would it be at a convergence price?  If so, prepare to trade that convergence.

For example, you draw your trendlines and find, based on your outer trendline that the market is in an overall uptrend.  You will then be looking for a lower bell curve to form.

Find the market’s last up swing and, from there, draw your Fibonacci number lines.  You can anticipate that the retracement of that up swing (the left side of the lower bell curve) will bounce at the .382, .618, or .786.

Say that you find the .786 is at the outer trendline – you have just found a convergence (there are two educated reasons for the market to bounce at this price).  You now have two good reasons to believe that the market will bounce, forming the tip of the lower bell curve, at the .786 (also the outer trendline).

Create a market order to buy at the .786 (also the outer trendline and the tip of the lower bell curve) and anticipate the market to carry you to near the session’s opening price (on this type of trade you should expect a 60-90 pip profit).

You have just traded a convergence that offered you three educated

Trading Forex On A Trading Day

Apr
17

Forex Bootcamp Update

I’m really excited about the 90 day forex trading bootcamp beginning in 7 days. I’ve received tons of emails and comments about this event. A few questions keep popping up, so I’m posting this to be more clear about what to expect from the 90 day forex trading bootcamp.

Forex Trading Flexibility

There are people from over 30 countries participating in the 90 day forex trading bootcamp. Everyone’s busy, everyone has a “life” they want to live.

The 90 day forex trading bootcamp is designed to be flexible. It doesn’t matter if you work 3 jobs, have a couple of kids and have a few hobbies.

The time requirement for the 90 day forex trading bootcamp is about 15-30 minutes per day on average. I’ve purposely designed it so you can skip 2-4 days per week and still get most of the benefit.

Most trades will be forex sails, so you’ll have 1-3 days to look at them. If you check your email every day, you won’t miss any opportunities.

LIVE Forex Surfing & Forex Swimming

While most of the LIVE 90 day forex trading bootcamp will be Forex Sailing, I’ll also go Forex Surfing (daytrading) & Forex Swmming (scalping).

This will happen when opportunities present themselves on certain currency pairs. Since the 90 day forex trading bootcamp has international citizens, we’ll be rotating the LIVE sessions between these three timeframes:

Australian/Asian Session – 01:00 to 05:00 GMT.
Asian/European Session – 07:00 to 09:00 GMT.
European/North-American Session – 13:00 to 17:00 GMT.

During these LIVE sessions, I’ll be instant messenging the LIVE bootcamp members as I see trading opportunities that I’m jumping on.

Different sessions will be traded on different days. This will also depend on what’s happening in the forex market. I will be balancing the sessions

Forex Bootcamp Update

Mar
27

Back To School For Forex Freedom

This is the time of year when many people are going back to school. It’s also the final week of the first 90 day forex trading bootcamp, where we’ve followed the forex market for the past 3 months. This is a great time of year to focus on new goals as there is just enough time to achieve something amazing before the end of the year.

Forex Freedom Live

During the past 90 days I’ve enjoyed sharing an ongoing forex market analysis with over 300 forex traders. Many traders have scored some awesome pips & I’ve gotten a lot of positive feedback. I’ve also developed a better way of teaching…

Once this bootcamp ends next week, there will never be another 90 day forex trading bootcamp…there will be something better: Forex Freedom LIVE!

Over the next 2 weeks I’ll be getting ready to introduce a new forex trading mentorship program. This program has one goal:

Forex Freedom LIVE will show you how to become a professional forex trader so you can work less than 5 hours a week and have enough time & money to do whatever else you want to in life!

It’s actually fairly easy to learn online forex trading. In Forex Sailing, you can learn the BASICS in 75 minutes. I can show you how to use these basics, plus the advanced concepts needed to actually trade in 1-3 months. Turning that skill into your dream lifestyle involves just a few more steps. It’s readily available to you, and I’m going to show you exactly how to do it starting in about 2 weeks!

Freedom is Yours This YEAR!

A few years ago I made a few million dollars. I then went flat broke after a few bad business deals!

I followed the Forex Freedom LIVE

Back To School For Forex Freedom

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