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trendisyourfriend trendisyourfriend is online now

Senior Member

About Me

  • About trendisyourfriend
    Location
    Quebec, Canada
    Interests
    Guitar jazz player
    Occupation
    systems analyst now trader fulltime

Visitor Messages

Showing Visitor Messages 1 to 2 of 2
  1. srikandifx
    03-18-2010 10:00 AM - permalink
    srikandifx
    Hi trendisyourfriend,

    hope to be "somebody" like u.

    srikandifx,

    vvsblog.tk
  2. boom1
    11-12-2009 03:38 PM - permalink
    boom1
    If you are interested in trading on the Forex one of the first things you will need to do is find a broker. All Forex trading is conducted through a broker who will provide the trading platform and cover the leverage you choose. Your Forex broker will collect a small commission on your trades but you trade the currency anyway you want. Choosing a broker is an important decision; you will be trading your money through this broker so you need to make sure they are legitimate. The broker you choose should understand your needs as a trader and do their best to help you make money.

    Ultimately how you trade is your choice so it is good to set up some trading rules to minimize your losses and maximize your profits. First of all setting up a stop loss is very important. The stop loss is a point where you will get out no matter what. For beginners to Forex trading, this can be difficult because there is always the hope that the market will turn around at the last minute and lots of money will be made. This is an important rule to stick with though because it can save you from losing it all. This is where the discipline in Forex trading comes in; you should trade with your head not your emotions.

    The next rule is to develop a clear point at which you will take your profits. Some Forex traders go by a straight percentage of profit and some use technical market analysis as their guide. You should set the profit you are going to take before claiming a position. If you wait it is too easy to convince yourself to stay in waiting for another percentage point before getting out. This is also a difficult thing to do, but it must be done if you plan to increase your wealth consistently trading in the Forex market. Most experienced Forex traders agree that when you stick to your trading rules this will eventually yield a profitable currency trading system.

    The Forex is a very liquid market; money is made in seconds and lost in just as little time. The Forex operates twenty four hours a day, five days a week. If you are wanting to buy or sell there is always someone to trade with. Different from other financial markets, the Forex market doesn't have a physical location or a central exchange. The Forex operates through a worldwide network of banks, individuals, and corporations trading one country's currency for another. Currencies which are widely traded include the US Dollar, the Euro, British Pound, Japanese Yen, Swiss Franc, Canadian Dollar, and the Australian Dollar. Four currency pairs of this group are normally traded for investment purposes: US dollar against Swiss franc, Euro against US dollar, US dollar against Japanese yen, and the British pound against the US dollar.

    There is money to be made on the Forex but it is also easy to lose money. Before you begin trading, you should do your research and learn about how currency trading on the Forex works. It is also important to take a good look at your finances so that you can use good judgment when choosing how much money you can afford to invest in Forex trading.

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My Badges

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Name: Lesson Contributor
This award is given to any member who makes a contribution that is added to InformedTrades University. Useful links, as well as well-written articles and videos, are prime examples of contributions that can earn a member this badge.

This badge comes with an award of 50 IP.
Issue time: 03-15-2010 05:21 PM
Issue reason: For contributing to our collection of links on using spreadsheets for automated trading.

Blog

Latest Blog Entry

Posted 03-15-2010 at 06:47 PM by trendisyourfriend Comments 14
Posted in miscellaneous


To be sure, check this out:
B – the rally to B did not bring out demand, and the bars at B were weak, closing on their lows.

C – A very weak bar with an increase in spread and volume to the downside. Supply came into the market here.

D – No demand on the first rally after weakness appeared and a good short.

E – Volume drops off as the market moves lower into the area of yesterday’s close....

Posted 03-14-2010 at 12:32 PM by trendisyourfriend Comments 0
Posted in miscellaneous
Handy reference, see picture.

Posted 02-22-2010 at 03:42 PM by trendisyourfriend Comments 4
Posted in miscellaneous
Yes, i did met Ektrader after the session closed today. I enjoyed listening to the videos about the new fund that is being created here on IT.

Listening to these videos i realised we are about the same age. Well almost, i am just above you guys by a tick or pip at 51 heading for 52. But i still feel as if i was an ado discovering a new country. I like your style Ek in the video. I can feel you take it very seriously but with a grain of salt or in a relaxed way. I like it very much....
Recent Comments
The more i read about...
Posted 03-16-2010 at 03:15 PM by trendisyourfriend trendisyourfriend is online now
okay cool! just watching...
Posted 03-16-2010 at 03:09 PM by Ektrader Ektrader is online now
Quote:
Originally Posted by Ektrader
Links to a competitors
...
Posted 03-16-2010 at 02:55 PM by Simit Patel Simit Patel is offline
great article trend.....great...
Posted 03-16-2010 at 02:49 PM by Simit Patel Simit Patel is offline
Quote:
Originally Posted by trendisyourfriend
I think i did a mortal
...
Posted 03-16-2010 at 02:44 PM by Ektrader Ektrader is online now

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