Mostrando entradas con la etiqueta successful trader. Mostrar todas las entradas
Mostrando entradas con la etiqueta successful trader. Mostrar todas las entradas

jueves, 1 de marzo de 2018

Here is a Quick Way to Solve Your Problems with X-Scalper

Hi María here!

Many people told me they had bought the X-Scalper, (as you know I promote X-Scalper) but they are not having great results and I really hate that 😤. They often told me the signals are not good, they have more loses that winners, etc. 

Please BELIEVE me when I tell you that ALL I want is for you to become a profitable trader, so you can have the life you deserve, enjoying more free time whith your family & friends. So I want you to make MONEY,  lots of MONEY, working LESS 💰💰.

So I decided to share with you some tips and recommendations on how to use X-Scalper, to have better results. 

Even if you don´t use X-Scalper keep reading, I show you how to determine a trend with and without technical indicators, and give you many tips on how to trade better. 

I hope it will help you.🆘


What is X-Scalper?


It is a scalping indicator (Not EA/Robot) that works on ALL pairs and M1/M5 timeframes. 

Fast profit.


The "X Scalper" can help you make great stable profit if you use it correctly. But you should consider the following recommendations to start making more winning trades.

✳️Most important rule: 


Try entering only the signals that have 1 or better 2 dashed confirmation lines. 

It is also good to exit not on a new opposite signal, but on a new opposite signal that has 1 or 2 confirmation lines too.






 ✔️Stay away from trading on weak sideways trends.

This a very important rule, so I am going to explain the following concepts:
▪️Sideway Trend
▪️How to Determine the Trend (with & without indicators)
▪️How to Determine the Strength of the Trend

What is a Sideway Trend: 

The sideways trend describes the horizontal price movement that occurs when the forces of supply and demand are nearly equal. A sideways trend is often regarded as a period of consolidation before the price continues in the direction of the previous move.

A sideways price trend is also commonly known as a "horizontal trend" or range.

Look at the graph below:




How to determine a trend?

There are several ways to determine a trend with and without technical indicators:

No Indicators:

A trending market is one that is making higher highs followed by higher lows or lower lows followed by lower highs.


Downtrend




Let’s start things off by just visualizing where the highs and lows on a chart have formed over a period. In short, the relationship among highs and lows as they form over time.
All we are doing with this technique is observing where the extended swing highs and lows are within a given trend.

How to Determine Trend Strength?

We need to observe the relationship between the highs & lows have with our key level (support & resistance).
The illustration below shows a trending market that is respecting an uppertrend line, however, the distance between each retest has become shorter over time.

Note how the market tested this level as support on four separate occasions since its inception. What many traders tend to dismiss, however, is the shorter time span between each retest as the trend extended higher.
The likely outcome for this type of price action is as follows:

Why does this happen?

In short, it’s the market telling you that demand is drying up. When it comes to supply and demand, as prices move higher, demand naturally begins to run thin as traders are less willing to buy at higher prices.
At the same time, supply increases as market participants unwind their positions to book profits.
In the case of the illustrations above, that demand is drying up more quickly with each subsequent rally from trend line support. Thus, we get a market that begins spending more time trying to keep its head above water than making higher highs.
Of course, this concept also applies to a bearish trend where demand increases and supply decreases as prices drop.
With Indicators
One easy way many people determine the trend is by using Moving Averages.
The simplest way is to just plot a single moving average on the chart. When price action tends to stay above the moving average, it signals that price is in a general UPTREND.
If price action tends to stay below the moving average, then it indicates that it is in a DOWNTREND.
I usually use 200 SMA. 

In the graph above you can see the EUR/USD in an upper trend, because the price is above the 200 SMA, once the price crossover the 200 SMA, you can determine the up trend end, and it is the beginning of a downtrend. 

ForexTrendy

ForexTrendy is a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.


You have to pay $37 every 3 months (you can CANCEL your subscription at ANY TIME).

ADX 

The ADX indicator measures the strength of a trend and can help determine if a trend is strong or weak. If the ADX numbers are higher it indicates a stronger trend and lower numbers which indicate a weaker trend.
Since we are always looking for good trends to trade, it is best to avoid trading stock, ETF’s or Forex Pairs with low ADX numbers. You would rather look for investments that have higher readings thus indicating a stronger trend.
It should be noted that the ADX indicator measures the strength of a trend not the direction of the trend either bullish or bearish. Therefore, a high ADX number could indicate either a strong uptrend or a strong downtrend. 
It does not tell you if the trend is up or down, it just indicates to you how strong the current trend is.

How to interpret the ADX Scale:

If the ADX indicator is between 0 and 20 then the pair is generally in a trading range. It is likely just chopping around sideways.
Once the ADX indicator gets above 20 then you will often to see the beginning of a good trend. Big moves tend to start at about 25.
When the ADX indicator gets above 25 then you have at a pair that is in a strong trend (up or down).
If you have lower numbers, you have a trading range or the beginning of a trend.

So how do most traders use the ADX indicator? 

Traders often will look for ADX values of 25 or greater to help determine a strong trend for trading. The ADX indicator is not used to give buy or sell signals. Therefore, it is generally used along with other indicators for entry and exit signals. It does, however, give you great perspective on the trend of a stock, ETF or Forex Pair.


ADX General # 63 Strong USD/JPY Donwtrend



Other Considerations

If you trade on M1 - open M5, check the current intraday short trend direction, go back to M1 and only follow signals that go in the same direction with the M5 trend. 

If you trade on M5-open M15, check the current intraday short trend direction, go back to M5 and only follow signals that go in the same direction with the M15 trend.

If M5 trend is up - we only follow buy signals on M1.
If M15 trend is up-we only follow buy signals on M5.

If M5 trend is down - we only follow sell signals on M1.
If M15 trend is down-we only follow sell signals on M5. 

We don't trade downtrend signals if the current trend is up... just ignore those signals.

➡️Use the indicator at the "right" time only! (During UK,Asian or US session)




➡️Don't trade during major news announcements. 

I always check forexfactory calendar every Sunday to check out the news for the week. 

If the news is red, I avoid trading that pair for at least 1 hour before and after the news release, (specially when the news involves the FED or the Non-Farm Payrolls). 





In the above example I will avoid trading the GBP pairs.

⚠️Believe me news anouncements can change the direction of the trend in seconds. Be careful⚠️



These are the most important rules for trading. If you master them - your profit will be great.


FINAL RECOMMENDATION


X-Scalper give you 60 day money back guarantee. Try it in a DEMO ACCOUNT first, and be patient. 

Trying a new forex indicator and/or forex strategy, involves TIME

Really you cannot try X Scalper 5 days and then asked for your money back. 

Try it at least 45 days. 

Test it in diferent pairs, at diferent times, with other technical indicators, adjust your strategy, see how you can improve your results.

Until now I have not find ANY Forex Indicator or Forex Strategy that is right 100% of the time, so don´t expect X Scalper to be that indicator.

You have 60 days to try it, test it and adjust, but please don´t expect to understand how it works in 5 days,  be patient, learn from your mistakes and use a DEMO ACCOUNT.

That way you don´t lose money, and if after 50 days you decide X Scalper is not for you, ask for your money back, is easy and fast, zero problems. 

Some friends asked me if the guarantee is real?

👍YES!YES!YES! is real. 

The guarantee it is given by Clickbank not the creator of the product, so you can be 100% SURE you will receive your money back if you dont like the product, and yes you have 60 days to claim it, so don´t rush🏃🏃🏃
Get X-Scalper Here!


Please try using the indicator with these rules and let me know of your results. 

martes, 19 de enero de 2010

How I make money trading in Forex

I had been trading 3 years now and I think is the best business in the world, but at first I had my doubts and disapointments, once I did my job I started making money.

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martes, 5 de enero de 2010

10 Forex Trading Rules


Hi when you trade in Forex you need to keep in mind the next rules so your trading will be much easier. Remember no rule is ever absolute, except the one about always using a stop. These rules work well across a variety market conditions, and will keep you safe.

  1. Never Let a Winner Turn into a Loser: The FX markets can move fast, with gains turning into losses in a matter of minutes, making it critical to properly manage your capital. You can protect your profits by using trailing stops and trading more than one lot.
  2. Logic Wins; Impulse Kills: Reason always trumps impulse because logically focused traders will know how to limit their losses, while impulsive traders are never more than one trade away from total bankruptcy.
  3. Never Risk More Than 2% Per Trade: This is the most common and most violated rule in trading. By setting a 2% stop-loss for each trade, you would have to sustain 10 consecutive losing trades in a row to lose 20% of your account.
  4. Use Both Technical And Fundamental Analysis: Both methods are important and have a hand in impacting price action. Fundamentals are good at dictating the broad themes in the market that can last for weeks months or even years. Technicals can change quickly and are useful for identifying specific entry and exit levels.
  5. Always Pair Strong With Weak: Because strength and weakness can last for some time as economic trends evolve, pairing the strong with the weak currency is one of the best ways for traders to gain an edge in the currency market.
  6. Being Right And Early Means You Are Wrong: If the price action moves against you, even if the reasons for your trade remain valid, trust your eyes, respect the market and take a modest stop. In the currency market, being right and being early is the same as being wrong.
  7. Differentiate Between Scaling In And Adding To A Loser: The difference between adding to a loser and scaling in is your initial intent before you place the trade. Adding to a losing position that has gone beyond the point of your original risk is the wrong way to trade. There are, however, times when adding to a losing position is the right way to trade.
  8. What Is Mathematically Optimal Is Psychologically Impossible: Why? Because trading is not logical but psychological in nature, and emotion will always overwhelm the intellect in the end. Conventional wisdom in the markets is that traders should always trade with a 2:1 reward-to-risk ratio, the trader can be wrong 6.5 times out of 10 and still make money.
  9. Risk Can Be Predetermined; Reward Is Unpredictable: Before entering every trade, you must know your pain threshold. You need to figure out what the worst-case scenario is and place your stop based on a monetary or technical level. Every trade, no matter how certain you are of its outcome, is an educated guess. Nothing is certain in trading.
  10. No Excuses, Ever: The "no excuses" rule is applicable to those times when the trader does not understand the price action of the markets. It's acceptable to sustain a drawdown of 10% if it was the result of five consecutive losing trades that were stopped out at a 2% loss each. However, it is inexcusable to lose 10% on one trade because the trader refused to cut his losses.
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martes, 13 de octubre de 2009

Successful Trader




If you want to be a successful trader you need to know 2 things. The first one is money management. You probably have heard this dozens of times, some of you may even have implemented some kind of Lot management in their EA or trading strategies and believe that it will do, alone as it is.


In order to perform a correct Money Management one MUST understand what the concept behind the two words is. Eventually you'll figure out yourself that the number of Lots you are going to trade in your next trade should not be chosen by a function, the only variable of which is how much money you currently have on your account. This can be achieved only by using a certain kind of strategies that we need to identify and describe first.




The meaning of Money Management.


A concept is only 2 words: Money and Management.


To manage, means to handle. When we talk about Money Management we are talking about money. What we want is to have a direct control (handling) over the way we invest our capital.

Now, when we place an order we have control on its volume (Lots), no figure in "money" terms is directly involved. If we want to handle our money with knowledge, we must be able to translate that volume to our deposit currency in order to estimate the potential loss associated with the order.


Successful Traders

We had heard many times that if we want to win in Forex we need to never risk more than 2%. Well lets keep that in mind and we will see that it works.
What you have to do is just to quantify how much is 2% of your capital and avoid to risk more than that sum next time you open a position… sounds stupidly easy… so why didn’t you do it so far?

If you want to win you must be willing to lose
At first glance one can say: winning=good, loosing=bad.
Following this reasoning one is driven to think that avoiding losses is a good starting point on the long way to become a Successful Trader.
Those strategies make no use of StopLoss and let the loss grow until the Market comes eventually back in their favour and the position becomes profitable.EAs developed on those strategies usually show very good profits and no losses at all (win ratio is usually more than 95%). This behaviour is anyway stable for a relative short period and when the loss comes it comes unexpected and huge… sometimes one single series of losses is enough to drain the account empty. It's the typical mistake of the newbie that attempts to code his first Grail. Been there.Systems like this work fine until the Market has a strong trend in one direction but becomes absolutely dangerous when the trend disappears or changes direction.
Ignoring losses is definitely not the way to go if we want to see our Capital grow on long/medium term period.
We want our strategies to be able to survive the toughest conditions we can find out there so we do want to avoid using a system that works only for short periods introducing the risk to lose most of our capital when things go bad.

There Is No Safe Trading without StopLoss
Before we come to describe how to implement Money Management in a practical way, it is worth to mention something that kills a large number of Traders.Many beginners and experienced Traders trade without using any hard SL. Who codes an EA tends to think that it will take care of everything, following the market closely and babysitting open positions ready to close them when things go wrong. Nothing could be more far from the truth.In fact when you don’t place a hard SL you don’t really know when the position will be closed in case the Market turns against you… you actually cannot be sure that it will be closed at all!!!How can you pretend then to handle your money with knowledge?
A strategy which makes no use of hard StopLoss CANNOT implement a sound Money Management!
SL level shall always be chosen looking at the current condition of the Market, so called Price Action. Who uses fixed SL (say very common 20 or 50 pips) has probably a very limited understanding of the Market and trading in general. In fact SL shall be wide enough to avoid being wiped out in case the Market retraces back against you… but not too wide otherwise one would have a very limited return compared to the risk he is taking with the trade.
As a general rule:
you want to have as many support/resistance levels as possible between the current Price and your SL
This will ensure that if the Market turns against you it has a chance to slow down and go back in the right direction before hitting your SL.

I hope we can help achieve your goals and understand a little bit more about Forex and how to trade in it.

For more information go to: Fx-megaforex or Forexmegatrion.