Forex Training – Pin Bar Forex Trading Strategy – www.learntotradethemarket.com

Today we have advanced forecasting methods at our disposal as the power of computers has increased, they can do more in less time than ever before and the computer that sits on your desk top, is far more powerful than the one that helped land man on the moon. So let’s look at advanced forecasting methods in more detail…

Before we start lets quote a simple fact which may make you think.

Despite all the advances we have seen in technology over the last 20 years the ratio of winners to losers still remains the same – well over 90% lose and 10% win and make the big profits. So all these advances in technology and forecasting have done nothing in terms of increasing the ratio of winners and the reason is obvious!

Scientific methods CANNOT help when you are trading an odds based area like forex.

There is no scientific movement of prices and that’s obvious, because humans are emotional beings.

You will hear many people who say there is but if there was, we would all know the price beforehand and there would be no market.

I see lots of clever systems based on neural networks, chaos theory and artificial intelligence but most are junk and fail. Not because they are not clever but because scientific theories don’t work on a market that doesn’t move to a scientific formula!

If You Want to Win Understand This!

Simple systems work best as they are more robust than complicated ones, with fewer elements to break and are ideal forex trading an odds based market such as forex.

This has been the case since trading began and all the computer geeks and mathematicians who try and beat the market learn a lesson as the market beats up and destroys their equity.

The markets don’t reward you for being clever or having a complicated trading system, you get rewarded for being right with your trading signal – nothing more.

I always find it highly amusing when I see the sales copy for many systems and how they proudly say the developer is a mathematician, or wiz kid at physics – big deal. It proves nothing and these people tend to be the worst traders as they think being clever gives them a right to win and it doesn’t.

In forex trading all you need is a simple system, the confidence and discipline to follow it and you will probably beat any of the systems with fancy names, which are applied in the brutal world of forex trading and fail.

So forget advanced forecasting, stick with simple forecasting and you will find you will probably make a lot more money.



By: Kelly Price

For More Price Action Forex Trading Strategies Video Tutorials Visit www.learntotradethemarket.com

Now, many people are involved in forex trading. Among the different trading methods adopted, Forex day trading is a popular one. This system of trading means that the currency trading takes place in 24 hours only. If you want to buy or sell then it should take place in a day, according to this system. Here, either you can end up in gaining lots of profits or may end up in a loss. So, it’s quite unpredictable. People who are experienced in the Forex trading field can opt for this system, as they will know the various fluctuations in the market. They will be capable of predicting the rise or dip in the currency value. So, day trading is not an easy thing. So, if you are a newbie then it would better if you avoid this system at first. You can take up this system after gaining some experience in this trading field.

Most of the people who make profit from the day trading system are experienced ones. So, experience is an important factor which decides your success. Another factor is the capital. You must be ready to invest good amount of money in to this. Only then you can reap more profit. So, the risk involved is much high in day trading. So, use this system only if you are financially sound. Sometimes you may end up in a big loss also. It depends on your knowledge. You must have a clear cut plan. Then only you will succeed in Forex day trading. Another thing is that you must be ready with a back up plan. If something goes wrong then you must be able to withstand it with your back up. In this way, you can reduce your losses to an extent. If you don’t have a proper plan then it would be better not to go for a deal.



By: Ian Sani