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Trading without Technical Indicator

Radian — Sun, 26 Apr 2009 16:12:19 +0000

Many forex traders make use of technical indicators to help them make trading decisions. Technical analysis is useful but there are other methods that can also help you be a profitable trader.

You can be a profitable trader by basing on fundamental analysis. Take a long term view of where a particular currency is heading by looking at the current economic situation of the country and the future economic forecasts.

Another method is to trade the economic news releases that occur daily. This is a much more short-term method and is quite difficult to do, but it’s definitely doable. Although this is not what I am particularly good at, but I do know a couple of forex traders who make profits trading the news. After all you can get some volatile swings immediately after major announcements, which presents some good trading opportunities.

Finally, there is more method of trading, and that is trading the currencies based only on price.

A trader told me once that the best indicator, and the only one you really need is price, after all the price will tell you what has happened to a currency’s price in the past, and viewed correctly it can be used to predict where it is likely to go in the future as well.

Trading without Technical Indicator is a post from: All About Forex

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Secrets to Following the Stops You Set

Radian — Mon, 20 Apr 2009 16:38:51 +0000

Knowing when to stop will enable you to clearly measure your win/loss ratio and be better able to stay on track.

You may already have some formula or indicator for setting stops but do you follow it every time? Here are 2 ways where you will set stops and be able to follow and profit from trades.

1. Observe the minimum profit target that you set before exiting from any and all trades

2. Clarity of rule. The rule that you set must be clear and that you can identify and repeat every time you trade.

Secrets to Following the Stops You Set is a post from: All About Forex

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Is British Pound Making a Upward Trend?

Radian — Fri, 10 Apr 2009 04:55:39 +0000

The British pound had been on a downward trend for a while now, is it ready for rebound?

The GBP-USD has been in quite a strong upward trend in recent weeks and has tested the all-important 1.50 level. there has no success in breaking this level so far, but many traders are watching. If this level is broken it will surely move strongly upwards.

Why is the 1.50 resistance level so important? Adam Hewison is analyzing this pair in detail in his latest video. He also talks about the possible price targets if the breakout is successful.

CLICK HERE for the video.

Is British Pound Making a Upward Trend? is a post from: All About Forex

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