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  • Trading Articles RSS Feed

    by Published on October 13th, 2014 06:52 PM

    Beginnings

    1. When and why did you consider trading is something for you?
    I used to be a floor trader in Financial Derivatives from 1989 to 1995 in Singapore. Being employed to do the work, I had the advantage of gaining the knowledge and skills to create profits from market. Hence, it became natural for me, just like most people in the industry, to become an individual member of the Exchange and trade for my own account. Due to my professional experience, I consider myself ...
    by Published on September 10th, 2014 10:54 PM
    Article Preview

    This exclusive interview with Andrea Unger was done by FX Operator for Forex Forum Asia with special thanks to DZH NextVIEW.

    Beginnings

    1. When and why did you consider trading is something for you?
    Trading is something where skills count, I’ve always dreamt of a job where the better you were the more you received, that’s not true in the industry, I’d been working for over 9 years in multinational companies and saw so many frustrating things that a complete change was necessary to be really motivated, trading was the answer

    2. Could you describe your first system? Did you construct it by yourself or took, modified someone’s? Was it successful or not? Could you describe why?
    My start was not the classical start of all traders, at the beginning I discovered some instruments quoted here in Italy which had great inefficiencies, they were sort of options released by banking institutes but the software quoting them was not the best and quotes were delayed, not that much but 5- 10 seconds were enough to know if the price was right or wrong, any time prices were below market value you just had to buy and wait for the fair price to be quoted to sell back your investment, it was similar to a video game and I was good at video games! That could not last forever, I knew it and I started studying to trade “real” markets, my first systems were classical trend followers buying the breakout of a highest high or selling the lowest low, they were normally working but not always and first losses made me wonder I was doing something wrong, I was simply not understanding all the aspects of how markets moved. “Living the markets” and talking to some skilled friends I slowly added bricks to my wall.

    3. If you initially lost, what caused you to stay in the game?
    During the video game phase there were not substantial losses but these arrived when real markets were faced, yet I had a strong will and strong conviction I could get it done, I was studying at night and trading during the day to figure out how things really worked

    4. Did you experience periods of hesitation when you wanted to leave this field of trading?
    Trading leads to a great level of stress regardless you are a winner or a loser, hesitation always derive from the question whether I would really live with that sort of stress and that question is still alive today; but I loved and I love this job and the morning after a bad day I normally get up willing to put things back in place and to sit in front of the monitor to study markets again.

    5. Was there any memorable experience that determined you to trade further?
    There is nothing really special I remember but losses, I don’t remind of any particular good day, I did experience big winners but I could not tell you exactly when and how but I remember very well ...
    by Published on August 8th, 2010 03:04 AM
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis

    Someone has summarised the trading rules from the Big Ben trading strategy. This strategy works best with GBP/USD:

    Short Trade Setup:
    1) The pair makes a new range low at least 25 pips below the opening price after the Frankfurt/London ...
    by Published on August 8th, 2010 03:02 AM
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis

    Time Frame : 5 Minute
    Currency Pairs : Majors, USD/CAD, AUD/USD, EUR/JPY, GOLD

    Trend Follower© – Master the markets with correct timing and executing rules

    This is not a “get rich quick” scheme. Real efforts are required ...
    by Published on August 8th, 2010 03:01 AM
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis
    Article Preview

    Hi,

    My name is Sonic. I am a senior member in a diff reputable forum but I have decided to share my system here to help my fellow sillyporeans...

    I have been trading for a near 2 years now and been a blessing so far.
    ...
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis
    Article Preview

    SpeedFX is a trend following system. The difference that it holds is that they uses HeikinAshi Candlesticks instead of the traditional Japanese Candlesticks or OHLC bars. The default arrangement for this system will be the 30min Charts. I will also put up a recommendation setup for those who trade using the daily charts. I have also tested this system on the 4hr and daily charts and I must say it works very well too but there is some tweaking needed to the setup. Each timeframe will have their own technical setup but the rules of trade engagement for SpeedFX and indicators used remain ...
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis
    Article Preview

    The foreign exchange market operates 24 hours a day and as a result it is impossible for a trader to track every single market movement and make an immediate response at all times. Timing is everything in currency trading. In order to devise an effective and time-efficient investment strategy, it is important to note the amount of market activity around the clock in order to maximize the number of trading opportunities during a trader’s own market hours. Besides liquidity, a currency pair’s trading range is also heavily dependent on geographical location and macroeconomic factors. ...
    1. Categories:
    2. Forex Basics,
    3. Technical Analysis

    It is useful to have a map and be able to see where the price is relative to previous market action. This way we can see how is the sentiment of traders and investors at any given moment, it also gives us a general idea of where the market is heading during the day. This information can help us decide which way to trade.

    Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.

    As a definition, a pivot point is a turning point or condition. The same applies to the Forex market, the pivot point is a level in which the sentiment of the market changes from “bull” to “bear” or vice versa. If the market breaks this level up, then the sentiment is said ...
    1. Categories:
    2. Technical Analysis

    Article from: Come To My Trading Room by Alexander Elder

    Traders all over the world squint at their charts, trying to recognize pat*terns, and let their imaginations run wild. Statistical studies, however, consistently confirm only one pattern—the tendency of prices to fluctu*ate above and below value. Markets may be chaotic most of the time, but their overbought and oversold conditions create islands of order that provide some ...
    1. Categories:
    2. Technical Analysis

    Whether trading stocks, futures, options or FX, traders confront the single most important question: to trade trend or range? And they answer this question by assessing the price environment; doing so accurately greatly enhances a trader's chance of success. Trend or range are two distinct price properties requiring almost diametrically opposed mindsets and money-management techniques. Fortunately, the FX market is uniquely suited to accommodate both styles, providing trend and range traders with ...
    1. Categories:
    2. Trading Psychology,
    3. Technical Analysis

    If you want to be the Jerry Rice of Forex trading, you have to learn to not only recognise patterns but also how to run them.

    The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing ...
    1. Categories:
    2. Trading Strategies,
    3. Technical Analysis

    When evaluating the forex market for swing trade opportunities the focus is placed on predicting directional changes or continuations for a given currency pair. For this we rely on technical analysis

    In technical analysis, just as in fundamental ...

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