The method is my own that I use on my live account and have substantially grown my initial modest investment. I never thought it would be possible to make such a good income from an initial deposit of 0, but the years of hard work certainly paid off. My account is now at a level I had only fantasised about and continues to compound everyday by 2%.
In the beginning, a 2% increase on my account was not much profit but it was better than nothing. As my account slowly grew, 2% of the account suddenly become a substantial amount.
After this great success I decided that I wanted to help fellow traders who were not making progress so I put together an ebook that describes the method I use. Now anyone can use my method and enjoy the same great success from it.
One of the great things about the method is that it is not complicated. Novice and experienceds traders can understand it and apply it to their day trading.
What the method does is tell you exactly when you should enter a trade and at what point you should exit some or all of your position.
The great thing about manual methods are that they can perform just as good in backtests as they do on live accounts. What you see is what you get.
My method helps you to read the market and understand what is happening. It gives you the confidence that you know what the market will do next.
It is also a method that is not dependant on market condtions. Wherever in the world you may be you can trade the method at anytime. I trade during the London session but I do use the method during the afternoon and evening if I have free time. The beauty of the method is it is so accurate that you will find you have alot of free time.
As I mentioned before I have been trading this way for a while now and have increased my account substantially. Therefore it is safe to say that this is a long-term trading methodology that has been proven to last the test of time.
When I was in the initial stages of testing I backtested the method on over 10 years of data and the results amazed me. Thats why I wasted no time using the method on my live account. I am so glad I did.
I dont like to lose money and my method prevents big losses from occuring. It ensures that profit is realised as soon as possible and the stop loss is very tight, yet rarely hit.
There are many advantages of the 2% daily method and here I will give a brief list:
Profitable, Longterm, Accurate, Easy to learn, Requires minimal investment, Not time consuming, Leaves you with plenty of free time, Not broker dependant, minimal risks, hardly any drawdown, work from anywhere you want, no boss!
Take a calculator and multiply your initial investment by 1.02 (2%). Each time you press equals is another day making 2%. Watch how quickly that figure grows!
THis method leaves no guessing work. The rules are clear. If you follow them you will make 2% on your account every day trading the pound/dollar on the 15 minute chart.
I am sharing this method because I am aware of the difficulties those getting their feet wet in Forex go through and want to stop them from making the same mistakes I did. I am essentially offering a short cut to the rewards the Forex market can offer.
With all the trash robots and methods out there I believe there is room for one honest guy trying to help his fellow traders out!
Sunday, May 30, 2010
Friday, May 28, 2010
The Power of Higher Time Frames
Many novice traders get caught up with looking at 1hr charts or lower because they think they are going to become rich “day traders”. The statistics on consistently profitable traders all point to one thing; they trade using larger time frames. By larger time frames I am referring to preferably daily, weekly, or monthly time frames. You can implement a 4hr chart into your trading, however you really should develop a trading strategy that only uses daily and weekly charts when first starting out.
The power of higher time frames lies in their ability to give you the most meaningful view of the market as well as their ability to act as a filter. Much of the movement that occurs in the market is just random noise that does not really tell you anything meaningful. This noise phenomenon gets amplified as you move down in time frame. For example, a monthly chart has less noise than a weekly, a weekly less than a daily, a daily less than a 4hr, and a 4hr less than a 1hr. It is the opinion of most successful traders that any chart less than a 1hr chart is essentially going to hurt your trading much more than help it and is essentially useless.
Beginning traders especially need to be concentrating on daily and weekly charts. You can consistently profit off of daily and weekly charts alone. I personally use daily and weekly charts for the majority of my trading decisions, occasionally I will use a 4hr or 1hr chart, more on that later. The problem with trading is that you have to set your own rules and it really is a world where you can do an unlimited amount of damage to yourself, or an unlimited amount of good. By focusing on daily and weekly charts especially in the beginning of your trading career, you will be providing yourself with a learning opportunity into the intricacies of market movement and what works and what does not work.
No matter what your trading strategy is, when you get an entry signal in the market the higher the time frame it occurs on the more reliable the signal will be. A weekly or daily signal is significantly more reliable than a 4hr or 1hr signal, and as stated before once you go below a 1hr time frame you might as well just be flipping a coin for your trading decisions. Once you gain experience as to what works and what doesn’t work and you develop a trading plan with specific entry and exit rules based on daily and weekly charts, then you can look at 4hr charts or even 1hr charts to fine tune you entry or exit. However, that being said, it is entirely possible to only look at daily charts or above and consistently profit in the markets. Taking that route will probably also be much less stressful and also allows people with full-time jobs to trade after work and not worry about the minute to minute market fluctuations.
In closing, beginning traders need only concern themselves with daily chart time frames and higher. If you can profit consistently off of these higher time charts in the forex market, than you are well on your way to becoming a professional trader. However, I can not reiterate enough, that once you drop below a daily chart your entry and exit signals lose a significant amount of reliability.
The power of higher time frames lies in their ability to give you the most meaningful view of the market as well as their ability to act as a filter. Much of the movement that occurs in the market is just random noise that does not really tell you anything meaningful. This noise phenomenon gets amplified as you move down in time frame. For example, a monthly chart has less noise than a weekly, a weekly less than a daily, a daily less than a 4hr, and a 4hr less than a 1hr. It is the opinion of most successful traders that any chart less than a 1hr chart is essentially going to hurt your trading much more than help it and is essentially useless.
Beginning traders especially need to be concentrating on daily and weekly charts. You can consistently profit off of daily and weekly charts alone. I personally use daily and weekly charts for the majority of my trading decisions, occasionally I will use a 4hr or 1hr chart, more on that later. The problem with trading is that you have to set your own rules and it really is a world where you can do an unlimited amount of damage to yourself, or an unlimited amount of good. By focusing on daily and weekly charts especially in the beginning of your trading career, you will be providing yourself with a learning opportunity into the intricacies of market movement and what works and what does not work.
No matter what your trading strategy is, when you get an entry signal in the market the higher the time frame it occurs on the more reliable the signal will be. A weekly or daily signal is significantly more reliable than a 4hr or 1hr signal, and as stated before once you go below a 1hr time frame you might as well just be flipping a coin for your trading decisions. Once you gain experience as to what works and what doesn’t work and you develop a trading plan with specific entry and exit rules based on daily and weekly charts, then you can look at 4hr charts or even 1hr charts to fine tune you entry or exit. However, that being said, it is entirely possible to only look at daily charts or above and consistently profit in the markets. Taking that route will probably also be much less stressful and also allows people with full-time jobs to trade after work and not worry about the minute to minute market fluctuations.
In closing, beginning traders need only concern themselves with daily chart time frames and higher. If you can profit consistently off of these higher time charts in the forex market, than you are well on your way to becoming a professional trader. However, I can not reiterate enough, that once you drop below a daily chart your entry and exit signals lose a significant amount of reliability.
Wednesday, May 26, 2010
Best Penny Stock Picks
Penny stocks have been popular for years in the investing community with the thrill of the chase and the possible huge payoff if the best penny stock picks turn out to be a gold mine. Imagine finding the right penny stock right before it becomes the next hottest thing with a payoff that could see a stock worth a couple of cents turns out to be worth over twenty bucks a piece when that company suddenly hits the public realm or is bought out by a corporate giant. The problem of course when it comes to making the best penny stock picks is that there are tons to chose from and picking the right one could have the odds of winning the lottery.
There are a number of systems around that will give you the best penny stock picks each and every day and some range from nuts in the tree house to the top level of penny stock pickers who have a proven track record. Right now the top guy has been a guy by the name of Jeff Connelly who is known as the penny stock prophet whose track record really needs to be seen to be believed. What the penny stock prophet does is send a number of the best penny stock picks to your email each day and what you decide to do with them is completely up to you. Research the picks that Jeff Connelly has sent you and if it feels right pick up a number of the penny stocks and wait for them to literally explode.
Penny stocks are different from a typical stock simply based on the price. Sure Microsoft is a wonderful stock but the cost to invest is pretty darn high and chances are unless you have a ton of money in the bank it is not going to make you a lot of money. Now imagine if you were on board when a stock like Microsoft was still among the thousands of penny stocks out there before it went public. Simply put you would have a heck of a lot of money in the back with this extraordinary best penny stock picks. A ton of initial Microsoft employees are now millionaires due to their stock options when they were first hired. Ten thousand stocks worth pennies is only a couple of hundred bucks but when that stock hit the mainstream and entered the public domain those ten thousand stocks were now worth hundreds of thousands of dollars and quickly exploded to be worth millions. That is the power of penny stocks and more importantly the importance of making the best penny stock picks.
There are a number of systems around that will give you the best penny stock picks each and every day and some range from nuts in the tree house to the top level of penny stock pickers who have a proven track record. Right now the top guy has been a guy by the name of Jeff Connelly who is known as the penny stock prophet whose track record really needs to be seen to be believed. What the penny stock prophet does is send a number of the best penny stock picks to your email each day and what you decide to do with them is completely up to you. Research the picks that Jeff Connelly has sent you and if it feels right pick up a number of the penny stocks and wait for them to literally explode.
Penny stocks are different from a typical stock simply based on the price. Sure Microsoft is a wonderful stock but the cost to invest is pretty darn high and chances are unless you have a ton of money in the bank it is not going to make you a lot of money. Now imagine if you were on board when a stock like Microsoft was still among the thousands of penny stocks out there before it went public. Simply put you would have a heck of a lot of money in the back with this extraordinary best penny stock picks. A ton of initial Microsoft employees are now millionaires due to their stock options when they were first hired. Ten thousand stocks worth pennies is only a couple of hundred bucks but when that stock hit the mainstream and entered the public domain those ten thousand stocks were now worth hundreds of thousands of dollars and quickly exploded to be worth millions. That is the power of penny stocks and more importantly the importance of making the best penny stock picks.
Technical Analysis: Colors on the Canvas of Fundamental Analysis
Fundamental Analysis is the canvas and Technical Analysis is the colors on it. Trade with the combination and you can have the beautiful painting or shall we say a healthy bank account?:)
Market moves because of Fundamental factors, Psychological aspects and sentiments. For short term trading the later two i.e. psychology and sentiments play a big role. Short term trading is not just the fundamental analysis but the analysis of how various trading floors are thinking and behaving. Technical indicators help us analyzing the market-mood by analyzing how the market is moving. Technical indicators also become very important as the traders on the big trading floors also make their trading decisions based on the same indicators. But then when everyone is following more or less the same technical indicators for trading decisions then everyone should be making money? Well, the indicator would show a different picture if you are using a 30-minute chart or a daily chart. The skills lie in comparing different charts of different periods and then making your analysis.
Technical indicators in Technical Analysis help us in analyzing the following:
1) Trend of the market: Whether there is an uptrend or downtrend or whether the market is moving sideways or without a trend.
2) If market has a trend then whether the trend is strong and hence offer us the opportunity to enter the market in the direction of its movement? What it means is if there is a uptrend which is strong then we can still buy but if there is an uptrend but it’s getting weaker then the market direction may reverse.
3) If the market is running sideways or in range then at what point we should buy and at what point we should sell or short-sell.
Technical analysis is broken into two main categories:
a) Chart patterns/trend lines (visual)
and
b) Indicators (mathematical)
An over view of some important Technical Indicators:
SAR (Stop and Reversal):
• To determine whether a trend is ending and/or a new trend may start.
Bollinger Bands:
• To measure market’s volatility.
• To Give buying /selling signals during non-trending /sideways market.
• To Have an idea when the market may enter into a trend while running sideways.
MACD:
• To identify a new trend
Stochastic:
• To identify where a trend might be ending and/or a new trend may start (indicating over bought/oversold levels)
RSI:
• To identify whether a trend might be ending and/or a new trend may start (over bought /over sold levels).
• RSI also can be used to confirm trend formations.
Moving Average:
• To know resistance and support in sideways market
• To identify trend reversal
ADX:
• To know the strength of the trend
Fibonacci:
• To know the probable support and resistance levels.
Market moves because of Fundamental factors, Psychological aspects and sentiments. For short term trading the later two i.e. psychology and sentiments play a big role. Short term trading is not just the fundamental analysis but the analysis of how various trading floors are thinking and behaving. Technical indicators help us analyzing the market-mood by analyzing how the market is moving. Technical indicators also become very important as the traders on the big trading floors also make their trading decisions based on the same indicators. But then when everyone is following more or less the same technical indicators for trading decisions then everyone should be making money? Well, the indicator would show a different picture if you are using a 30-minute chart or a daily chart. The skills lie in comparing different charts of different periods and then making your analysis.
Technical indicators in Technical Analysis help us in analyzing the following:
1) Trend of the market: Whether there is an uptrend or downtrend or whether the market is moving sideways or without a trend.
2) If market has a trend then whether the trend is strong and hence offer us the opportunity to enter the market in the direction of its movement? What it means is if there is a uptrend which is strong then we can still buy but if there is an uptrend but it’s getting weaker then the market direction may reverse.
3) If the market is running sideways or in range then at what point we should buy and at what point we should sell or short-sell.
Technical analysis is broken into two main categories:
a) Chart patterns/trend lines (visual)
and
b) Indicators (mathematical)
An over view of some important Technical Indicators:
SAR (Stop and Reversal):
• To determine whether a trend is ending and/or a new trend may start.
Bollinger Bands:
• To measure market’s volatility.
• To Give buying /selling signals during non-trending /sideways market.
• To Have an idea when the market may enter into a trend while running sideways.
MACD:
• To identify a new trend
Stochastic:
• To identify where a trend might be ending and/or a new trend may start (indicating over bought/oversold levels)
RSI:
• To identify whether a trend might be ending and/or a new trend may start (over bought /over sold levels).
• RSI also can be used to confirm trend formations.
Moving Average:
• To know resistance and support in sideways market
• To identify trend reversal
ADX:
• To know the strength of the trend
Fibonacci:
• To know the probable support and resistance levels.
Forex - Learn About Automated Forex Trading
With the crisis that has hit a lot of economic systems in the world, laying a huge amount of people out of businesses, one would look himself by searching for substitutes means to earn a living and maintain his household in whatever means feasible. Whether this is by getting up small tasks, doing several businesses within the day, working temporary or merely working from home, there are a range of choices one could prefer from, reckoning on his/her skills, profession and previous experience. One such chore where you could perpetually function from home is by seeking out forex trading.
What is forex? Forex is shortened for foreign exchange . Forex trading is the form by which one given will be able to buy and deal currencies of various countries on the foreign exchange market. This purchasing and selling is carried out by either banks, establishments or other individuals who would benefit greatly from this trade.
Here one would gain to very carefully choose a pair of currencies of several countries and then go forward to purchase one, while at the same time selling another. For this, the individual buying should be competent to find whether the value of the currency would rise over a period of time. Although these presumptions may not forever be accurate, more often than not, it would be, if the trader is one who is very practised. He could then deal this currency for a high price than he purchased it for, thereby making a gain.
If you are looking for a way whereby you could take out swapping without too much effort, you should consider automated forex trading. Automated forex trading requires the use of different software that would make anticipations regarding the variations in the securities industry in the value of the currency. Automated forex trading will therefore, give you better chances at making a profit.
Automated forex trading is best for starters who want to determine their position in the forex market fast! Furthermore, automated forex trading will stay to work at all times, reacting rapidly to any varieties it identifies in the market.
Automated forex trading software will also serve you by representing most of your for you, which implies you have to pass less time running out research. For automated forex trading to work efficiently nevertheless, you would require to check yourself very good software. So what are you anticipating for? Get started now and see the change it takes to your life!
What is forex? Forex is shortened for foreign exchange . Forex trading is the form by which one given will be able to buy and deal currencies of various countries on the foreign exchange market. This purchasing and selling is carried out by either banks, establishments or other individuals who would benefit greatly from this trade.
Here one would gain to very carefully choose a pair of currencies of several countries and then go forward to purchase one, while at the same time selling another. For this, the individual buying should be competent to find whether the value of the currency would rise over a period of time. Although these presumptions may not forever be accurate, more often than not, it would be, if the trader is one who is very practised. He could then deal this currency for a high price than he purchased it for, thereby making a gain.
If you are looking for a way whereby you could take out swapping without too much effort, you should consider automated forex trading. Automated forex trading requires the use of different software that would make anticipations regarding the variations in the securities industry in the value of the currency. Automated forex trading will therefore, give you better chances at making a profit.
Automated forex trading is best for starters who want to determine their position in the forex market fast! Furthermore, automated forex trading will stay to work at all times, reacting rapidly to any varieties it identifies in the market.
Automated forex trading software will also serve you by representing most of your for you, which implies you have to pass less time running out research. For automated forex trading to work efficiently nevertheless, you would require to check yourself very good software. So what are you anticipating for? Get started now and see the change it takes to your life!
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