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Category: Forex Signals

How to choose a Forex signal service?

One of the most popular ways of trading is by following “signals”. If you’ve ever heard the term “Forex Signals” but wanted to know more about its pros and cons, and whether it is suitable for you or not, this article is for you.

What is a signal service?

A Signal Service provides alerts on trading opportunities. For example, a professional trader sits at his desk, trading his account (or his company or hedge fund account). Whenever the trader enters the market, he also sends an alert to his subscribers, giving them the opportunity to enter the same trades as him. Some service also provide an automated robot, sometimes called a Trade Copier or a Trade Cloner. This robot will execute the same trade on the client’s account, so clients don’t need to actually go to their computer and execute the signals manually. Such service is “Vladimir’s Forex Signals & Mentoring”.

Why should I use a signal service?

Whether you a new or experienced trader, there are signal services out there that will contribute to your profits or set you on the right track to trading success.

For beginners: trading alone can be confusing and difficult. Like any other profession, you will not see success over night (despite what some brokers might try to lure you into believing…) So, on your first steps in this exciting but dangerous world, services such as Vladimir’s Forex Signals & Mentoring, can take you hand in hand to learn the way real professionals trade. Plus, you have a chance to copy the trades of a pro into your own account, so you start trading on the right foot.

A signal service is also suitable for people who do not have the time to sit all day in front of the computer, looking for trades. Being subscribed to a signal service means there’s a pro trader sitting and looking for trades on your behalf. Saves a lot of time and headaches, plus of course the results should be better, as you’re having a highly experienced professional working for you.

For veteran traders: it’s a real opportunity to hone your skills, and provide an additional source of profitable trades to diversify your “portfolio” of strategies. It is also an opportunity to join a community of like minded traders who communicate (through chat and live trading rooms) during the trading day, and help each other achieve better results.

What are the disadvantages and problems with signal services?

Here are the disadvantages and common issues with signal services, which require your attention and caution:

Hidden agendas: some brokers provide free signals. You’ve got to ask yourself why would someone offer free signals if they are serious and profitable. The answer in most cases is that they have a hidden motive – to push you to trade more. The equation is simple: the more signals they send you, the more trades you make, and the more commissions they earn. That’s why their main interested is sending as many signals as possible, not as good and profitable signals as possible. These kinds of freebie signals have made a bad name for the world of signals, but luckily there are a few rare paid signals providers who do a good job.

Time constraints: many signal services require you to be near a computer most of the day, so you can immediately enter the market whenever you get a signal. However, this issue has been overcome by using what’s called a “Trade Copier”, which is an automated robot that receives its trading commands directly from the signals service trader.

Good signals come from good traders: Unfortunately, the Forex industry is full of scams and dishonest vendors. Calling yourself a trader and providing signals is easy, but providing signals which actually provide profits is of course a different story. The statistics are that 95% of traders lose money in Forex. This applies to signal providers as well. So, your mission is to find one of those 5% of signal providers who actually make money in Forex.

Take Vladimir Ribakov for example. He’s been around the net for several years now, which means there’s a lot of feedback about him in forums and review websites. The feedback is decidedly positive so he’s the perfect example of a trustworthy trader to get signals from.

With 4 sources of laser-accurate signals, trade copiers, live trading room, daily market reviews, educational webinars, shared member’s real account and free MT4 programming and more… Vladimir’s Forex Signals Service is on a league of its own. Here’s why:

Vladimir Ribakov is a well known active professional trader, who for the past several years discovered his passion for educating home-based traders on how to profitably trade Forex, commodities and indices.

Vladimir’s Signals & Mentoring service is actually his “virtual trading office”, where he provides alerts on all the trade that he takes, while communicating with his service followers, reviewing the markets in real time, teaching his methods and analyzing trades.

The trade signals originate from several sources, including Vladimir’s own trades, bonus trades and guest traders, while providing trade copiers for each source. This means that members can automatically copy trades directly into their own account – no more missing good trades because you were not near your computer.

But that’s not all. The service is actually a community of people who enjoy trading together. There is a members’ chat room, live trading room hosted by Vladimir every day, and webinars where Vladimir teaches his proprietary trading strategies and communicates with the members, answering all their trading questions.

Here are some of the important features of the service you should know about:

Signals from Vladimir Ribakov: Being a veteran trader with vast experience of the financial markets, Vladimir trades: major and minor currency pairs; Metals & Commodities such as oil, gold, wheat; and indices such as S&P, NASDAQ, FTSE, DAX, NIKKEI. Signals are provided to all members, as opposed to other services which limit the signals according to the membership package chosen.

The signals instantly appear in MetaTrader as an alert, and are also delivered via email and in the members’ area website. The members’ area also provides educational explanations and screenshots.

Vladimir also provides a Trade Cloner which copies all trades automatically into the member’s account, which frees you to do other things while the signals arrive and get traded.

Guest Trader: another attractive source of signals which will be available to members is from a guest trader. Several pro traders already consented to be featured as guest traders and to bring their expertise and knowledge to the members. Of course, each guest trader will trade according to his/her style and methods, and will help mentor members who would like to learn more from them.

The Guest Trader Signals will be available via a trade copier, email, MT4 direct alerts and of course inside the members’ area under a separate panel.

Harmonic Patterns Signals: In addition to Vladimir Ribakov’s regular signals, he will also provide bonus signals derived from Harmonic Patterns analysis. The patterns are based on specialized Fibonacci analysis. These signals are characterized by high accuracy and excellent risk/reward ratio, and are favorite among veteran and beginner traders alike.

Shared Members’ Real Money Account Panel and Signals: This is an exclusive activity, providing exciting benefits for the members. The concept is new, so it deserves some explanations:

The goal is to enhance members’ potential profit, and educate on how to trade real money. The account belongs to Vladimir, and he is regularly depositing his own funds into it. The account will be traded by a panel of members, who will be selected based on their track record. The panel will trade together, under Vladimir’s guidance, but with full freedom to use their methods to the educational benefit of the members, and for monetary gains that will be split among all members.

If the panel gains substantial trading profits, the profits will be split between all the members.

The first members of the panel have already been selected – they are three of Vladimir’s veteran followers, who have turned out to be amazing traders and mentoring figures by their own right, helping Vladimir guide new traders on a daily basis.

Investors and Critical Reverse levels: These are levels that Vladimir provides based on his information sources, giving unique insight into the trades of large investors and institutions that have the power to move the market. They are also available as a MT4 indicator which shows the levels on the member’s charts, drawn directly from Vladimir’s servers.

Live Trading Room: Twice a day, opens his live trading room to the members, analyzing the market and looking for trade setups in real time.

Daily Market Reviews: Each day in the morning (UK Session) Vladimir provides an insightful video review about the market. The review is available in the members’ area throughout the day (and in the video archive as well).

Webinars: At least once a week, members can participate in an online webinar with Vladimir, who will explain and teach his trading methods and concepts.

Free Programming Service: Vladimir’s followers often come across trading ideas and concept that could make for a great indicator or EA (robot). However, coding them into a MetaTrader indicator or Expert Advisor is a highly specialized task. Until now, the only two options were either to pay thousands of dollars for a coder to prepare it, or ask favors in internet forums, which more often than not yields a buggy, amateur-quality result.

All this has now changed for members of Vladimir’s service – they have the chance to have their ideas coded by Vladimir’s professional coding team, for free.

Since Vladimir offers his guidance and coding team for free, he promises to make the outcome available to all members of the service, on the members’ area download page.

To conclude, for the first time traders all over the world have a one-stop-shop for all their trading needs, managed by a well known and highly followed trader, taking them into the next level of Forex & commodities trading.

Forex Expert Advisors–Living Up To The Hype?

As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.

Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) – inconsistent.

Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of

becoming millionaires overnight trading some “guru’s” trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru’s.

An Expert Advisor is a “robot”. Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain

parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.

The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.

Some quick highlights of the Kiss Trading System:

* Requires no technical indicators
* Uses a “Set and Forget” strategy to free up your time
* Makes only 1 trade per day at the same exact time
* Requires only 3 minutes per day (or less)
* Is fully automated with a metatrader Expert Advisor (EA)
* No losing month for over one year
* Averages +75 to +150 pips per month
* Average returns of 5-25% per month

Bearish Engulfing Pattern Candlesticks 

How to find a really strong bearish engulfing pattern
In our previous articles, we discussed reversal candlestick patterns. You might remember a bearish engulfing pattern, in which the second candle engulfs the whole body of the first candlestick. This patterns form on the bullish market and signal the upcoming price reversal to the downside.

In this article, we will learn how to recognize strong bearish engulfing patterns (which indicate real short trade setups) and single them out from the weaker ones. There are some features of the strong engulfing patterns:

• The second candlestick is the most important part of the pattern. It should be long enough to engulf the first candle completely. If the first candlestick is not very big, you should pay attention to the range of the previous candlesticks (at least 2 previous ones); their bodies and wicks should be engulfed completely by the candlestick you are focusing on (the second one). If this requirement is satisfied, the bearish engulfing pattern is rather strong. But to make sure that you chose a real engulfing pattern, you should meet two other requirements.

• The first and second candlesticks should go beyond the upper boundary of the Bollinger band indicator.

• The bearish engulfing pattern shouldn’t be formed at the very peak of the long-term uptrend because the formation of strong engulfing pattern could signify the bulls’ exhaustion, not a trend reversal.

Once your pattern satisfies all these requirements, you may be sure that you found a really strong reversal pattern that can be used as a short trade setup.

Forex News Trading Alchemy from Forex Signals to Consistent Profits

Forex currency trading has been a hot subject lately. Imagine a business with no employees, no customers, and no inventory; with possibility of reaping great profits every single month, week, or day. It is only you, lap-top computer, and your favorite sofa Attractive? Sure, but the secret ingredient of success is missing in the formula.
It is estimated that only 5% of retail forex traders have consistently profitable currency trading system. It is usually based on deep understanding of economy (fundamental analysis), awareness of the patterns of market reaction on specific economic events (technical analysis), and proprietary set of “tools and instruments”. Clearly, you want to jump in to get your feet wet in forex trading, but what if your toolbox is almost empty. One way to start is to follow professional trader guidance. It does not break your wallet to subscribe to quality forex trading signals (for instance, I offer them free), then test their consistency on your training account and finally apply these alerts for live trades.
I call this “forex news trading alchemy”, loosely referring to the clandestine process of transmuting substances of no or little value into pure gold. Economy news that people watch on TV just to have something to chat with their friends later apparently aren’t of great value. The very same news disturb currency market, providing possibilities to make money on the market movements and therefore become remarkably tangible. Training and experience is required to interpret news into the trading terms and the final product of such interpretation is called Forex Trading Alert or Signal.
High-quality FX trading signals provide final price projection based on the deviation between prior number, actual number and possible revision combined with support and resistance levels. Timing of the indicator is of crucial importance here as well as the same deviation may have completely different impact on the market. It is advisable to eventually get familiar with these forex technical terms; however generally you can follow the simplified summary explaining optimal trading strategy for this particular news event including entry and exit points and stop loss limit.
Following news trading signals is a good way to reap some profits, but more importantly it is extremely beneficial for the general forex trading education. The trader is able to observe elements of fundamental and technical analysis comprised into the signal that pertain to the certain economic situation. Live trade execution teaches various trading strategies besides educators agree that practice is by far the best way to increase the comprehension level and retain the knowledge. After trade follow up with step-by-step scrutiny is simply invaluable.
Remember, your goal is to establish your very own perfect business by making it into the five percent of successful forex traders. If you read this article, that means you already have computer with internet access. The only thing between you and your dream is that illusive secret ingredient of proper currency trading education.

Try the alchemy of forex news trading to access that covert element.

Best Forex Top 6 Japanese Candlesticks Reversal Strategies

Eastern wisdom gained iconic status in Western countries. Some people addressed to Eastern thinkers in order to purge themselves from sins and deepen their spirituality, while others learnt how to make money. That’s the case of Japanese candle chart analysis now used internationally by traders. One of the main advantages of using candle charts is that they provide you with early indications of market reversals. To be able to recognize these trading signals, you should memorize the main candlestick patterns.
Harami and Engulfing candlestick
Let’s refer to my favorite reversal pattern – Harami. From old Japanese “harami” means pregnant. The bigger candlestick is the mother, and the smaller one is the baby. The body of the baby must lie within the body of its mother.

Their position tells us that the market has come to a muted reversal. You may ask: “Ok, and how do we trade it?” In a bull trend, we should use the bullish Harami to define the end of the ascending trend. In a bear trend, you have to use the bearish Harami to designate the end of the bullish retracement.
The next popular trend is called engulfing candlestick. It is the opposite of Harami pattern flipped horizontally. The body of the second candle entirely engulfs the body of the first. The engulfing candlestick is a reversal of a downward trend; it demonstrates how the sellers were overpowered by the buyers.
Trading signals. In case of a bull trend, you should buy above the bullish engulfing pattern for bullish continuation. If there is bear trend, sell below the bearish engulfing pattern for bearish continuation.
Hammer and Hanging Man candlesticks
Well, let me put it bluntly, these two patterns look exactly the same. Their body is located near the top of the candlestick, and their shadow is much longer than their body. The difference between the hammer and the hanging man is following: the hammer pattern can be identified at the very end of the downward trend line (it is a strong bullish signal), while the hanging man appears at the end of a bull run (roughly speaking, the suffocation of the hanging man signifies the beginning of the bearish trend).

Trading signals. If there is a downward trend, we should buy above the hammer pattern for a reversal play. In case of a bullish trend, we should sell below the Hanging Man pattern for a reversal play as soon as the bears consolidate their positions.
Piercing Line and Dark Cloud Cover
The first candle of the Piercing line pattern is bearish, while the second one is bullish. It opens below the wick of the first candlestick and closes above the 50% of the first candle’s body. Both bodies are long enough.

The Dark cloud cover is a bearish version of the Piercing line. The first candlestick is bullish. The second one opens above the higher ending of the wick of the first candlestick and closes below the mid-point of the first candlestick.
2. Inverted Hammer and Shooting star.
The Inverted hammer has the same shape as the Shooting star. But they designate the beginning of two different trends. When an Inverted Hammer is found at the end of a downtrend, a Shooting star is placed at the end of the uptrend.

Trading signals. In a downtrend, you should buy above the Inverted Hammer pattern for a reversal play once “bullies” win back their lost position and consolidate them. And in a bull trend, it’s better to sell below the Shooting star pattern for a reversal play.
Morning and Evening Stars

These ones have three bars. A Morning star consists of a long bearish candlestick, a candle below it (no matter which one, it could bearish or bullish one) and a bullish candlestick that closes within the body of the first candlestick of the same pattern.

An evening star consists of a long bullish candlestick, a star above it (either bullish or bearish) and a bearish candlestick closing within the body of the first candlestick.
Trading signals are following: buy above the last candlestick of Morning star three-bar pattern and sell below the las bar of the Evening start formation.
Three White Soldiers and Three Black Crowns

It’s a sort of an ascending ladder, each candlestick embodies a staircase. All three part of this pattern have almost the same size with a little deviation. After we pass three staircases, we may be sure that the bullish trend is growing in strength.

The Three Black Crows pattern reminds a descending ladder. Each of the three candlesticks in this pattern should open within the previous candle body and close near its ending. If three crows flew in the “window” (appear on the graph), the bearish trend is on the lookout.
Trading signals: you should buy above the Three White Soldiers pattern and sell below the Three Black Crowns.

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Identify Successful Forex Trading With Pattern Reversal

One of the greatest advantages of reversal patterns is their ability to quickly alert the trader to the fact that he or she is on the wrong side of the market. Once traders managed to recognize their errors, they take defensive actions in order not to come off a loser.

The trickiest part of the technical analysis is to recognize the shapes of these patterns on price charts and to define your price objectives accordingly. That’s why we decided to arm you with knowledge of these patterns.
Before a study of the forecasting implications of the reversal patterns, let us define what these reversal patterns are. Reversal patterns are formations which appear on price charts and help you realize that an important reversal in trend is taking place. Next, I suggest to take a look at some preliminary points to a study of the reversal patterns.
1. A major prerequisite for any reversal pattern is the existence of a prior trend. You must admit that market before reversing has actually to have something to reverse.
2. There should be a breach of a continuous trend line.
3. Topping patterns are usually shorter in terms of duration and more volatile than bottoms ones. The trader can usually make more money a lot faster by catching the short side of a bear market than by trading the long side of a bull market. Well, yes, unfortunately, everything in life is a matter of tradeoff between reward and risk. The greater risks are usually compensated by greater rewards and vice versa. Therefore, topping patterns are less risky, but at the same time they are less rewarding.
4. The greater the size of the pattern, the greater the potential for the ensuing price move.
5. Bottoms usually have wider price ranges and take longer to build.
Now we are ready to take a next step on our thorny way of cracking reversal patterns. Let’s look at first at on of the best known reversal patterns – head and shoulders. It is usually formed at the end of the uptrend.

The pattern consists of a head (the second and the highest peak) and 2 shoulders (lower peaks) and a neckline (a horizontal/vertical line which connects the lowest points of the two troughs and represents a support level). The pattern is confirmed when the prices broke below the neckline once they formed a second shoulder. To identify your price objectives, you should take the vertical distance from the head point to the neckline and then project that distance from the point where the neckline is broken.

Assume that the top of the head is at 50 and the neckline is at 20, so the vertical distance will be 30. That 30 points should be measured downward from the level at which the neckline is broken. There you’re, your price objective is built.
The inverse head-and-shoulders pattern is the exact opposite of the head-and-shoulders. It occurs at the end of a downtrend and indicated bullish reversal.
The triple tops and bottoms are slight variation of the major head-and shoulders pattern. The main difference is that the three peaks at this patterns are at the same level.
A more common reversal pattern is the double top or bottom. The main characteristics of this pattern are similar to that of the head and shoulders and triple tops/bottom ones expect that only two peaks appear instead of three.

Forex Signals And How You Really Use Them To Make Profits

Forex signals аrе alert systems thаt kеер traders updated аbоut thе fluctuations in thе Forex market. Thеѕе signals рrоvidе information аbоut thе perfect timings whеn уоu ѕhоuld sell оr purchase a раrtiсulаr currency tо earn thе maximum profits. Thеу suggest whеn tо enter thе trade оn a currency pair.

Forex trading hаѕ thе potential tо deliver high profits. However, it соmеѕ with lots оf uncertainty. Tо understand thе basics оf thiѕ trade саn bе ԛuitе challenging. Investors mау bе required tо spend hours in front оf a computer screen, scratching thеir heads studying thе complex currency movements. Thеу mау apply stop loss limits, аnd thаt might save ѕоmе loss, but nоt withоut compromising оn considerable potential profit, whеn stop loss orders аrе executed earlier. Thiѕ iѕ whеn уоu nееd a savior likе Forex Signals. However, hоw аrе thеѕе signals generated? Bу a human, аn analyst оr a Forex robot.

Thе twо types оf systems, manual оr automated, execute thе ѕаmе job dеѕсribеd above. In a manual system, thе analyst lооkѕ fоr signals аnd interprets whеthеr tо perform a transaction оr not. Thе automated system means a computer software performing thе job оf thiѕ analyst. Mоѕt people bеliеvе thаt automated trading removes thе drawback оf thе psychological effect аѕѕосiаtеd with human analysts.

Yоu саn purchase еithеr type оf thеѕе signals оn thе internet. Thеѕе signals аrе gaining massive popularity vеrу rapidly. Traders аnd investors whо hаvе subscribed tо thеѕе Forex signal services receive signals аnd perform deals automatically. All thеу nееd tо dо iѕ define thеir risk tolerance. Evеrуthing еlѕе iѕ dоnе bу thе signals provider ассоrding tо thе predefined risk. Thеу dо nоt hаvе tо observe аnd analyze thе trading process if thеу hаvе subscribed tо thе right Forex signals service.

Fоr beginners tо professionals, thiѕ company hаѕ a solution tо аll thе woes оf a trader. Thеrе аrе web-based Forex signals аnd thеу vеrу user friendly. Countless clients аll оvеr thе world hаvе subscribed tо Dux Forex fоr thеir Forex exchange trading аnd gradually earned profits. Thеir service costs аrе аѕ lоw аѕ 5USD реr month giving уоu access tо thе genuineinformation оf thе Forex market. Onсе уоu sign up, уоu саn view ѕресiаllу computed аnd analyzed forex signals 24/7. Thеу hаvе world class traders dоing thiѕ job, аnd thеу аrе specialized in candlestick patterns, price action,correlation, economic newsetc.

Thеу аrе thе bеѕt performing Forex Signals with аn accuracy аѕ high аѕ 90-95%. Sеvеrаl sources hаvе confirmed this. Onсе уоu аrе subscribed, Dux Forex signals immediately alert thе investors аѕ ѕооn аѕ аn opportunity соmеѕ uр in thе market. Traders саn subscribe tо receive SMS alerts, email alerts оr pop-up messages thаt аrе guaranteed tо maximize profits.

However, it muѕt аlѕо bе kерt in mind thаt thеrе iѕ nоthing аѕ “holy grail” оf trading signals. If аnу system iѕ a flawless money maker, it wоuld рrоbаblу nоt bе shared ѕо openly. Thiѕ iѕ еxасtlу thе rеаѕоn big financial corporations kеер thеir trading programs in boxes undеr lock.