MoneyTec 2.0 is the #1 social networking
community for forex traders. Where both experienced and new traders can share
information and create "practice synergies" learn from the experiences of others
who may have encounter a similar ordeal, ask and discuss general questions about
trading and the Forex markets, find a resources available to them, find a
professional who will be able to give advice, assistance or services they
desire.
Online forex social networking site Moneytec.com allows
traders of all levels of experience and skill to share tips and techniques, in a
bid to create a collaborative environment and ...
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A question that you can ask to a lot of traders which will
make them freeze is: "What is your trading strategy?". Most of them would answer
you ...
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Which indicator should I use in my daily trading and which
is better, a lagging indicator or a leading one? That's a common question which
is being asked every second ...
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It's said that 85% of Forex traders
are losing their money in the first three months of their trading, I think in
some market cases ...Read more...
What are the most simple things you studied or knew in
technical analysis that you can use in FOREX trading?, of course most will
answer this without even thinking about ...
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How could I use fibonacci numbers in FOREX trading
successfully and what are their advantages in trading?. These are two of many
questions we got asked everyday by traders about ...
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It's known that most of traders lose because they can not
beat their emotions and this causes them to make wrong-timed decisions and lose
the most of their trading budget ...
Read more...
How can I manage my money in FOREX?, How can I control my
money while trading and direct it in the positive way always and avoid to lose
much money ...
Read more...
Recent Analysis
Industry Buzz
Recent Topics
Recent Articles
Technical Analysis |
GBPUSD consolidates between 1... |
GBPUSD formed a sideways consolidation in a narrow range
between 1.5080 and 1.5240 for several days. Lengthier sideways movement is still
possible later today. Near term support is at the lower boundary of the price
channel on 4-hour chart (now at 1.5027), As long as the channel support
holds,... |
EURUSD’s uptrend extends to 1.2667 |
EURUSD’s uptrend from 1.2150
extends further to as high as 1.2667 level. As long as 1.2480 key support holds,
uptrend is expected to continue and next target would be at 1.2750-1.2800 area.
On the other side, the pair is facing the upper boundary of a rising price
channel on 4-hour chart,... |
AUD/USD Elliott wave count and... |
According to wave count this
currency pair is now standing in the beginning of a daily wave up. The targets
of the uptrend are Fibonacci retracements of 0.8778-0.8314, 0.8861-0.8314. Price
targets above the current level: - 0.8588 = .50 retracement - 0.8601 = .618 ret
- 0.8652 = .618 ret -... |
EURUSD’s rise extends to 1.2662 |
EURUSD’s rise from 1.2150 extends
further to as high as 1.2662. Now the pair is facing the upper boundary of the
price channel on 4-hour chart, consolidation of uptrend would more likely be
seen in a couple of days. Key support is now at 1.2480, a break below this level
will indicate that a... |
USDCHF is forming a cycle... |
USDCHF might be forming a cycle
bottom at 1.0578 level on 4-hour chart. Key resistance is at the upper border of
the falling price channel, now at 1.0685, a clear break above the channel
resistance could confirm the cycle bottom, then further rise could be seen to
1.0750-1.0800 area. As long as... |
USDCAD consolidates below 1.0678 |
USDCAD consolidates below 1.0678
resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in
a couple of days. Support is at the lower boundary of the rising price channel
on 4-hour chart, followed by 1.0540, as long as this level holds, uptrend could
be expected to... |
USDCAD pulled back from 1.0673 |
Being contained by 1.0678
resistance, USDCAD pulled back from 1.0673, suggesting that a cycle top is being
formed on 4-hour chart. Minor consolidation in a range between 1.0540 and 1.0678
would more likely be seen in a couple of days. Support is at the lower border of
the price channel, as long... |
Fundamental Analysis |
Dollar Rally Continue? |
Dollar Rally Continue? We went right to the point on
Tuesday where resistance would kick in, 1.4770-1.4780, and it went right to
1.4780 but could not get above. This has set up a bearish formation on the short
term charts. Unless that resistance area is taken out, and ultimately 1.4900,
the... |
Forexpros Daily Analysis - 10/12/2009 |
Forexpros Daily Analysis Dec 10,
2009 Free Webinar On Forexpros TODAY: Using Time and Patterns to Pinpoint Entry
and Exit Points Hosted by: Raghee Horner of Auto Chartist Thu, Dec 10, 2009,
08:00 EST/13:00 GMT Where are the currency markets headed? How can I take
advantage of time... |
Gold prices fell for the third... |
Gold prices fell for the third day
in a row on Tuesday as the U.S. dollar continued to strengthen. February gold
fell $32 to settle at $1,131.40 an ounce. Gold prices have tumbled 7% since
hitting an all-time high of $1,218.30 on Thursday. The retreat came as the U.S.
dollar regained ground... |
Yen Soars To New Multi-day... |
Wednesday, the yen rose to new
multi-day highs against its major counterparts as a fall in global stock prices
prompted investors to seek the safety of the Japanese currency. World stock
markets extended their losses today as Japan's much weaker-than-expected
economic growth and rising debt... |
Forexpros Daily Analysis - 09/12/2009 |
Forexpros Daily Analysis Dec 9,
2009 Free Webinar On Forexpros: Using Time and Patterns to Pinpoint Entry and
Exit Points Hosted by: Raghee Horner of Auto Chartist Thu, Dec 10, 2009, 08:00
EST/13:00 GMT Where are the currency markets headed? How can I take advantage of
time and... |
Forexyard Analysis - Risk... |
The USD and JPY went strongly
bullish in yesterday's early morning hours, no doubt a remnant of the dire
reports from the global economy faced last week. The sudden boost in risk
aversion at the opening of London's market yesterday morning sounded a bell for
the return of the safe-havens. However,...
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Trading Psychology |
taking revenge on market..... |
Hello friends, I want to talk about one of the
psychological behavior of traders and that is- taking revenge on market. Most of
the traders do this. They don't digest their losing trade and start trading
aggressively to recover the money back from the market and then they lose...
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What do you do after losing a trade? |
Hello friends, What do you do
after you lose a trade? Do you analyze it or move to another trade without even
looking at it? Whenever I lose a trade, I don't do hurry on going for another
trade. I try to analyze it and see what went wrong. According to the conclusion
I try to modify... |
My FX Trading XP log |
Its been a number of years for me
in the FX game now. I hope I can use this thread to both reflect on what things
i have come to realize and learn about this industry and at the same time allow
others to benefit from it. This will not be for everyone granted. but if just a
few people find it... |
Psychology in trading-... |
Hi, One of the most important
usages of psychology in trading is market analysis. How? Psychology is "trying"
to fail, basically, all traders. Most people have the same basic psychological
problems. That makes their responses pretty predictable. And since the market is
actually a bunch of... |
How to separate the ego from trading |
Have you ever wondered how to get
your ego out of your trading? Have you wanted to be market-centered, but find
yourself consistently being self-centered? One thing I know for sure: your self
concept has to be separate from your trading. You began as an individual long
before you ever thought of... |
Repetitive mistakes |
Anyone is allowed to make one
mistake. When the same mistake is repeated a second time, caution should be
noted. The third repetition of the same mistake constitutes self-destructive
habitual behavior that must be reversed. All trading must stop immediately until
the trader's self-discipline is... |
The Power of Patience and... |
Patience is probably the number 1
attribute missing from the aspiring trader's psychology today--indeed, it is a
flaw of my own. The markets will not be mastered by hopes, emotion, and gut
feelings that "one trade will win me". These markets are about a series of
trades, not one winner. ... |
Software Development |
Software development services |
axonsoftware.biz (REMOVED HOTLINK) provides professional
development services for financial institutions and individuals. Our engineers
familiar with many of FIX protocol implementations(e.g. for Currenex, FXCM,
Dukascopy, Oanda etc) and proprietary API's like Dukascopy JForex. We have...
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your strategy -> Metatrader... |
If you are interested in
automating your forex strategy you can use this expert advisor creator tool.
|
Partnering with a software developer |
Hi All, I am looking for a
software developer to partner with. The developer should have a viable trading
software, at or beyond the testing stages. I am a sales Copywriter and Publisher
with a lot of experience in marketing online. The idea is for the developer to
create the software... |
Need advice on forexambush2.0 |
I am new here. Has any body in
this forum heared of forexambush2.0 before. I am intrested in their Autotrading
version, and would like to have advice about the profitability of this program
Pls. |
Statistical predictive indicator |
I've been trading with an
indicator named the CBC (or Flux Capacitor) and I've raised my average daily
pips from 50 to 150! Watch the videos: search YouTube for "flux capacitor
indicator" Or visit them at Back to the Future Trading All the best to you! Ben
|
Whats with the "Tester:... |
Hello all, When I run an EA
through the tester (MT4), the last entry in the "Results" tab almost always ends
in a "close at stop" type and the "Journal" tab ends in a "Tester: order #34 is
closed" (for example) message. I have tried searching for this error on the web
but haven't been able to... |
Custom trading platforms? |
Hi, How common is it for brokers
to expose their API (if you are a customer)? Ideally i'd like to not pay too
much for the datafeed. I do know there are companies out there that offer a
reliable datafeed for 2-5k a month. I've been slowly building my own trading
platform / EA system in C# and... |
General Trading Forum |
Forex managed accounts. |
HOW WE WORK: WE MANAGE FOREX ACCOUNTS FOR
INDIVIDUALS/FIRMS ON/WITH ANY GOOD MT4 BROKER WITH A MINIMUM DEPOSIT OF $1000 OR
MORE,THE CLIENT IS TO OPEN AND FUND HIS/HER ACCOUNT AND THEN PROVIDE US WITH
HIS/HER LOGIN TO TRADING PLATFORM ONLY,WE MAKE AVERAGELY 20% ROI OR MORE PER
MONTH, WE CHARGE 30%... |
Technical Analysis 9/07/2010 FXCBS |
Friday July 9 , 2010 Previous
session overview The euro against the dollar traded during the Asian session
between the highest level of 1.27223 and the lowest level of 1.26742. Now the
pair is currently trading around the level of 1.27152, we are expecting economic
news releases from Euro... |
Commodity money |
Many items have been used as
commodity money such as naturally scarce precious metals, conch shells, barley,
beads etc., as well as many other things that are thought of as having value.
Commodity money value comes from the commodity out of which it is made. The
commodity itself constitutes the... |
Market liquidity |
Market liquidity describes how
easily an item can be traded for another item, or into the common currency
within an economy. Money is the most liquid asset because it is universally
recognised and accepted as the common currency. In this way, money gives
consumers the freedom to trade goods and... |
store of value |
To act as a store of value, a
money must be able to be reliably saved, stored, and retrieved – and be
predictably usable as a medium of exchange when it is retrieved. The value of
the money must also remain stable over time. In that sense, inflation by
reducing the value of money, diminishes the... |
NASDAQ & S&P ended... |
Like Europen stocks FTSE , CAC and
DAX, The US stocks like NASDAQ & S&P ended up the day on a good note
after a bullish forecast from financial company State Street Corp fueled
optimism about the coming earnings season and helped the S&P break above a
major resistance level. Bank... |
Technical Analysis 8/07/2010 FXCBS |
Thursday July 8 , 2010 Previous
session overview The pair Euro against the U.S. dollar traded during the Asian
session between the lowest level at 1.26206 and the highest level at 1.26878,
the pair is currently trading around the level of 1.26382. The pair Sterling
against the U.S. dollar... |
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Beginners Forum |
Need Your Opinion: Do you... |
Hi All, Need your inputs here. Do you believe in Forex
Robots/EAs? YES or NO I personally think that EAs bought from 3rd party always
doesn't work profitable for long term. |
common questions asked by... |
Hello friends, Recently I was
reading an article. It answers almost all of the common questions asked by
newbies about forex trading. I want to share this article with you all. Here is
the link- Common Questions About Currency Trading |
Forex trading tips |
Forex trading tips Forex
trading(Foreign Exchange trading) means currency exchange of a country against
the currency of another country through a broker. In this business an investor
sells or buys money of a country with forex-trading-america :) |
Been out for a few years..... |
I will be starting to trade again
within 30 days and it seems I never thought of this before. What is the
difference between a higher leveraged, low lot size position and a lower
leveraged, high lot size position? I mean, what if you reach equilibrium where
you are effectively trading the... |
Which Platform to use ? Good Deals ? |
Hey everyone, I'm new to forex and
was wondering if someone could guide me to correct direction. I have made an
account at TRADERS TRUST (RHL) and I'm using a platform called Smart Forex.
Supposed to be like MT4 but better. What I'm I looking for in a platform ? Why
is everyone using MT4 ? ... |
Try Gold Newbies |
hi there !! Newbies try trading
gold at your first day trade or make trading gold as your first trade because
chances of winning that trade are high when compared to trading other things
good luck |
NewBie Investing |
Invest wisely .... 1....Before
investing..go back to newsroom..I mean to say..check out the market news and
then invest 2... Be prepared for losses but do not anticipate profits 3... Talk
with "N" number of investors, Open your Ears for speculations
|
Technical Trading |
Windsor Brokers - Short Term... |
EUR/USD Attempts to sustain break above key 1.2671
resistance, with 1.2695 seen so far, just ahead of 1.2701, trendline resistance
off 1.5140. Break here is needed to open 1.2738/60 area next. Immediate support
stands at 1.2620, while potential break below 1.2552 risks fresh near-term
bears. ... |
Forexpros.com Daily Analysis -... |
ForexPros Daily Analysis July 8,
2010 Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) -
Part II Expert: Rajoo C, Precise Trader When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of: 1. Identifying entry, exit
& stop loss... |
Windsor Brokers - Short Term... |
EUR/USD Break above triangle, seen
last week, and yesterday’s break above 1.2610, sustain recovery for the latest
attempt at key 1.2671 resistance. Clear break here opens 1.2738/60 next.
Downside, immediate support stands at 1.2620, while potential break below 1.2552
risks fresh near-term... |
Backing Trade Thru Charts |
eurusd 4hr chart...It seems it
will rally into 1.2700-1.2770 area before pull backlink
inside |
Forexpros.com Daily Analysis ... |
ForexPros Daily Analysis July 7,
2010 Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) -
Part II Expert: Rajoo C, Precise Trader When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of: 1. Identifying entry, exit
& stop... |
Windsor Brokers - Short Term... |
EUR/USD Extends the latest upleg
from 1.2151 higher low, with yesterday’s lower rejection at 1.2477 and today’s
clearance of 1.2610, last Friday’s low, now focusing 1.2671, 21 May high. Break
here is required to resume recovery and expose 1.2704, trendline off 1.5140 and
1.2738 next. Downside,... |
Forexpros.com Daily Analysis -... |
ForexPros Daily Analysis July 6,
2010 Free webinar on ForexPros - Live Trading with Price Level Principle (PLP) -
Part II Expert: Rajoo C, Precise Trader When: Thu, July 8, 2010, 11:00 a.m. GMT
In this session, Rajoo C will discuss the topics of: 1. Identifying entry, exit
& stop loss... |
Money & Risk Management |
Daily Forecast 9 July 2010 |
Daily Forecast 9 July 2010 EUR/USD Trading range: 1.2670
- 1.2770 Trend: Upward Buy at 1.2681 SL 1.2649 TP 1.2758 USD/JPY Trading range:
88.35 - 89.30 Trend: Upward Buy at 88.47 SL 88.15 TP 89.19 GBP/USD |
Money management.... |
Hello friends, Every successful
trader believes in money management. They know how important it is to have the
proper money management skills in trading. That is why they are successful. I
found an article here - Forex: Money Management Matters Just read it. Author
has... |
Daily Forecast 2 July 2010 |
Daily Forecast 2 July 2010 EUR/USD
Trading range: 1.2470 - 1.2570 Trend: Upward Buy at 1.2483 SL 1.2451 TP 1.2560
USD/JPY Trading range: 88.25 - 87.30 Trend: Downward Sell at 88.11 87 88.43 TP
87.39 GBP/USD |
Daily Forecast 1 July 2010 |
Daily Forecast 1 July 2010 EUR/USD
Trading range: 1.2245 - 1.2145 Trend: Downward Sell at 1.2233 SL 1.2265 TP
1.2156 USD/JPY Trading range: 88.55 - 87.60 Trend: Downward Sell at 88.42 91
88.74 TP 87.70 GBP/USD |
Daily Forecast 29 June 2010 |
Daily Forecast 29 June 2010
EUR/USD Trading range: 1.2285 - 1.2180 Trend: Downward Sell at 1.2271 SL 1.2303
TP 1.2194 USD/JPY Trading range: 89.10 - 88.15 Trend: Downward Sell at 88.97 91
89.29 TP 88.25 GBP/USD |
20 pips a day is all you need!... |
One of the most valuable things
that an RHL can show you is how valuable 20 pips a day is.. 1 standard lot at 20
pips/day = $200/day = $50k/year 2 standard lots 20 pips/day = $400/day
=$100k/year 3 standard lots 20 pips/day = $600/day = $150k/year 5 standard lots
20 pips/day = $1000/day... |
Lot size, contract size, |
Hello Now this is a real beginner
question but here goes I am attempting to create a MM system to limit the lot
size and the number of trade a system can take via the size if the maximum
position but I think I am confusing myself Am I right in thinking 1 standard
lots = control of... |
Career Trader |
Any Forex Affiliates out there? |
Hi Everyone, My name is Sam Shakespeare. I am glad to
have found a forum where forex affiliates can come together. I would like to
take a second to introduce our Affiliate Program. I am the Affiliate Manager for
TraderHouse Global, a global community of forex traders led by 26 year
InterBank... |
Need Help with Research for My Book |
Howdy folks... I'd like to enlist
your help as I put the finishing touches on my RHL. Actually, rather than
calling it "my" book, I really ought to call it your book. As those of you who
have been on my RHL for a while now know, when I first set out to write this
book the goal was to create... |
Looking for funds raising |
Hi All Newly opened in this year
trading program, we looking for funds raising & investments for spot fx
trading + fx options. Can see our trades RHL we invite new investors with
min.$30k for 6month up to 12 month only! additional details upon request. if
interested email me to info at... |
Search for investor [online... |
Search for an investor to manage
your account. Online monitoring:HOTLINE (updated every 5 hours) - in the account
is an aggressive trade ( 3 weeks> 40% of profit ) My conditions: Minimum
balance $ 5000 Leverage: 1:300 - 500 (desirable) Profit 50/50 (investor /
trader) RHL PM AUTHOR |
Forex Trader Vacancy |
|
Forex Trading for Living --- Broker |
Hi, I would like to know which
brokers you recommend for Forex Trading. I have been in FX for over a year with
one broker but have been very disappointed. I am thinking of switching to Oanda.
Can anyone with experience with this broker give me any feedback? I have a
strategy and I just want to... |
MetaTrader4 |
i would just like to ask if what
is MetaTrader is?...and how does it work in trading?...
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March 1st, 2010
Can we forecast the stock market?
Can we forecast the stock market? I think this is the
most common question asked by new users of the software: "can your program
forecast/outperform the stock market consistently, with some significant
accuracy, let say, 60-70%?". I always feel myself uncomfortable when facing this
question. This feeling comes not because the program does not do something of
the kind. The reason is totally different. It is in details of the question.
I...
June 6th, 2010
The trader's creed
A good trader is persistent in his strategy – Never back
down when it seems like it’s not going your way, be calm, analyze the market,
and your strategy. There is no shame in losing. There is shame in remaining a
loser.<?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" /><o:p></o:p>
<o:p></o:p> Discipline is most important. Of course everyone knows
what discipline is. But let me remind you.<o:p></o:p> A
disciplined...
May 30th, 2010
MAN vs MACHINE
So you've got this amount of money ready for forex but
you are not sure who to follow. Do you follow some smart 'seasoned' trader or do
you follow some smart analytic robot? Both of them promise large returns on
investment, they both have good track records and blow on their bragging rights.
So who is better? Well let us review. A MAN (a forex trader) who has been
trading positively must definitely have trader discipline. He
waits...
May 30th, 2010
Analysis: Things you should know
We are all looking to tame the forex market. Any amount
of pips will do. A lot of us create our own strategy signals based on either
technical or fundamental analysis techniques. Others prefer to subscribe to
other traders and use strategies that have been tried and tested. Others use
robots to do it for them. Well there is nothing wrong with either of the three.
If it works for you, that's fine. But there are things you need to
know...
May 30th, 2010
Trading Plan
Ok. So you want to make billions of dollars and forex
came up. You want to be among those super hero traders who hit 500 pip marks
with just one signal... You want to drive fancy cars and eat in fancy
restaurants without having a 9 - 5 job. If you came into forex with that
attitude, I'd advice you to stay out. Why? Because you just fell into the first
vice of forex trading. GREED.
May 12th, 2010
Why a bigger Forex Broker isn't always a better Forex
Broker
With net capital requirements in the U.S. of $20
million, you may wonder how Forex brokers are able to meet and in some cases
exceed this minimum by more than $40 million. While it is no surprise that these
brokers are very profitable, most have obtained this war chest by accepting
money from outside sources such as private equity groups or hedge funds. What
does this mean to you as a Forex trader? More than you think. While having a
well...
May 4th, 2010
Top Five things to look for in a Forex Broker(might not be
what you think)
There are many lists offering advice in choosing the
right forex broker. While many will list regulatory authority or net capital
position as the most important factors to look for when evaluating brokers,
these may not be the best factors to consider when you begin trading. Let's not
kid ourselves - brokers are not charitable institutions. They are in business to
make money. That said, how a broker generates profits is often overlooked
or...
April 26th, 2010
Divisa Capital added to FXIntel.com
http://www.fxintel.com/mod/fx/graphics/fxintel_logo.gif
http://www.divisafx.com/images/retail.gif Divisa Capital is the newest forex
broker to be added to FXIntel.com. FXIntel.com provides live broker comparison
intelligence through real-time insight into leading FX broker spreads (trade
costs), statistical analysis and social trading tools, such as tweets (linked
with Twitter), news, blogs and more. The real-time live data supplied
by...
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