Fibonacci Price Projections

Here are Fibonacci Price Projections - Correct Determination and Application that you must known. 

There are many tools available to assist veteran and novice traders in trading the financial markets; however, it is the choice of tool and its proper application, in addition to the discipline of the trader that distinguishes the trader as being consistently successful.

Fibonacci price projections are such tools used by professional traders to consistently beat the market with healthy returns on capital. Many novice and intermediate traders wish to utilize such tools but fail to do so either due to lack of knowledge or properly application of such tools.

In this article I will attempt to shed light on the subject and provide you with simple to understand basic information on how to properly calculate and apply the Fibonacci price projections in the same fashion as professionals do.

Basic Determination:

First, It is important to understand that there are two types of Fibonacci price projections and those are Internal projections and External projections.

Internal projections encompass Fibonacci retracement. Fibonacci retracement occurs when price retraces a previous trend by a certain ratio of the range of that trend. The most observed ratios are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Because the price retraces (i.e. moves in the opposite direction of the) main trend, it is categorized as internal, or in other words, the price moves into the previous trends range. As price retraces into the range of the original trend, it is expect to stop at one of the levels mentioned above before reversing and continuing in the original direction of the main trend. Fibonacci retracements make excellent stop-loss levels.

External projections include Fibonacci extensions, expansions, and alternates/parallels. I shall breakdown each one of these studies separately below in a moment; however, it is important to point out commonality between the three studies for easier explanation.

All three studies have one thing in common and that is they enable the practitioner/trader to predict future price reversal levels outside of the previous trends range; therefore, external Fibonacci price projections are ideal for setting profit-targets. Furthermore, all three studies apply to trend continuation of a previous trend after a retracement has taken place.

The only difference between the three studies is how they are calculated and the Fibonacci ratios used in each one.

Fibonacci extensions are calculated based on the range of the previous trend after a retracement had occurred. The range of the previous trend is determined and then certain Fibonacci ratios are applied. The most observed ratios are 100%, 138.2%, 161.8%, and 200%. The resultant values are then added (or subtracted depending on the orientation of the trend) to the most extreme point previous to the retracement to determine the future price levels.

Fibonacci expansions are calculated based on the range of the retracement move that occurred after the trend. That range is determined by subtracting the two extreme points or swings that flank the price move then certain Fibonacci ratios are applied to it. The most observed ratios are 100%, 138.2%, 161.8%, 200%, and 261.8%. The resultant values are then added (or subtracted depending on the orientation of the trend) to the most extreme point previous to the most extreme pivot prior to the retracement taking place to determine the future price levels.

Fibonacci alternates, or also known as parallels, are calculated based on the range of the previous trend that occurred prior to a retracement. The range of the previous trend is determined and then certain Fibonacci ratios are applied. The most observed ratios are 138.2%, 161.8%, and 200%. The resultant values are then added (or subtracted, depending on orientation of trend) to the pivot marking the reversal of the retracement and the resumption of the original trend.

Application:

Naturally, by calculating Fibonacci projections in the fashion outlined above, the trader would have produced several price levels, all of which are of high probability to act as future price reversal areas. But, the power of this tool does not end there.

The trader can make this tool even more powerful by using the synergy among the various Fibonacci projections.

To do so, the trader would need to calculate all four Fibonacci price projections on two or three degrees of market swings. A degree means one level higher, or one time-frame higher from the degree or time-frame being observed. Therefore, 2-3 degrees higher market swings means, 2-3 higher time-frames. This is important in order to capture the various trends available in the market (long, intermediate, and short).

Once all Fibonacci price projections are determined, the trader needs to look for areas where different projected price levels cluster. This will be evident in the way the price levels overlap in a very small price range. These clusters, or confluence, of price projections act as very high probable reversal market points; more so than that each level by itself.

Naturally, this method creates multiple support and resistance levels that the trader can anticipate price reversal at and capitalize on this information to make trade decisions. Furthermore, knowing this information enables the practitioner to anticipate market reversal points in advance thus entering the market at an ideal entry price.

I hope this article is of benefit to you. 

The Truth About Automated Forex Trading Robot

Here are The Truth About Automated Forex Trading Robot that you must known. 

It is in our human nature that we want to get rich quickly and we would do anything it takes to achieve financial independence. As we know Forex market is the biggest financial market in the whole world and the best source of income. Many investors are attracted by opportunity to make big money fast. Combination of high leverage offered by many Forex trading terminals, easy access to the markets from your PC and high liquidity make Forex trading an excellent place to capitalize profits.

There are many ways to trade Forex market. The most common and popular recently seem to be an automated Forex trading by using Forex robot. Forex Trading robot is the file written in Meta quote language and set to plug in into Meta trader terminal. The automated Forex Robot would be set to place trades if certain conditions occur. Built in money management a system allows to run whole operation smoothly without human interference. Simply install it in on your platform and job is done. Sound like haven?

Well is not.

It is hard to believe that so many people still falling for it.

We have seen many of those automated Forex robots being advertised all over the web promising you become a millionaire within few months. Starting from Fap Turbo, which was very successful for a while until market conditions changed and program become useless and started producing big drawdowns. As it is only artificial coding not able to deal with real situation with no ability to adjust.

The market behavior is very similar to people's behavior. We run the market and it reacts like us. It will change often. It will have specific trends and will react to human activity. It will constantly change as we change. The market will never stay the same for long. This is the reason why all Forex trading robots work for a while and then become completely unprofitable. You must remember that automated Forex robot will not stop trading during holidays or news releases when the Forex market is too risky to trade. It will not recognize natural fundamental aspects which would affect currency during the daily trading session.It will not cut your losses short and extend gains when necessary.

Another thing to remember when using automated Forex robot is that results depend on your internet connection. If your connection fails while there are trades open there can be a disaster as the positions wouldn't get closed when needed, leaving your trading account with serious loss. Here the best solution is to use remote desktop (VPS). It will provide constant connection for your automated trading. This is a cost of $60 a month for basic server able to deal with the most two terminals opened at the time.

Often Forex trading robots advertised on the web are the best example of an excellent internet marketing strategy but not always an example of an excellent Forex trading strategy. Why these superb past results and accounts growing from $3K to $66K within few months are never published on mt4stats.com? Wouldn't it be an excellent selling point?

5 Common Trading Mistakes You Must Avoid Or You Will Lose!

Here are 5 Common Trading Mistakes You Must Avoid Or You Will Lose! that you must known. 

Enclosed in this article you will find some common trading mistakes which you must make a part of your essential Forex education or you will lose and lose quickly.

Let's start with how many traders lose money and its 95% and that's a big majority! This leads us to our first point which most trades ignore and try and get rich quick.

1. Forex Trading is Easy 

Forex trading is not easy and you wouldn't expect it to be with the rewards on offer. If you want to win, you need to learn skills and this leads me to the next fact about Forex trading and its: 

2. Forex Robots and Expert Advisors will Make You Rich 

All the cheap, get rich quick Forex software you see sold online will lose you money. These systems offer you financial freedom for paying out a couple of hundred of dollars or less but if they worked 95% of traders wouldn't lose. They are sold so cheaply because they simply don't work. 

3. Effort or Intelligence Leads to Success 

This is a common mistake to make, because you rewarded for these traits in society but you don't get rewarded for them in Forex trading. You are only rewarded for the accuracy of your trading signal, it can take you 5 hours or 5 minutes it doesn't matter how long it takes, profits are all that count. You don't need to work hard or be smart, just get the right education and mindset and trading should take you just 30 minutes a day or less. 

4. Forex Price Movement can be Predicted 

No they can't and if they could there would be no market as we would all know the price ahead of time, markets move on uncertainty not certainty. If try and predict you are hoping or guessing and that won't make you money, so simply trade the reality of price change and you will have the odds on your side. 

5. Not Trading with Discipline 

This is something the vast majority of traders do and it leads to a wipeout of equity. If you cannot trade your system with discipline you simply don't have one.

You are going to lose for long periods, all traders do and you must keep your losses small in these periods and take them cheerfully. If you get frustrated and angry like most traders, you will start to run losses and that ends in disaster you need to stay on course until you hit a home run.

How to Win at Forex Trading

The above are all common mistakes and you need to avoid them and if you do and get a solid Forex education, you could soon be making some great profits, in 30 minutes a day or less. 

Tips For Those Embarking on Work From Home Jobs

Here are Tips For Those Embarking on Work From Home Jobs that you must known. 

Work from home jobs are personal jobs that require self-supervision, personal discipline and self-control. This article aims at giving you tips that are necessary for success in a home business. The following are the key ones:

1. Time scheduling and handling the business with the seriousness it deserves.     

It is not easy to avoid getting sidetracked by things around the home environment. Scheduling your activities will help you manage your time well and avoid attending to domestic activities at the expense of your business. Scheduling your activities will also serve to maximize income generation. Work at home jobs require well-structured schedules that draw clear lines of separation between the times for business, leisure and domestic chores.

2. Concentrate on things that interest and excite you and avoid things those that don't. 

 For instance, it will be necessary contracting someone to help you in website set up if you are not well-versed in the area. You will gain maximum benefits from work from home jobs only when you enjoy the job. 

3. Find income strategies that will enable you earn on other people's efforts.  

One such strategy may be network marketing. This business strategy allows you to earn when people on your interface buy or sell goods and services. You can also generate income by personally making sales. This model is just like having so many employees working under you with no cost from your side to hire or pay them. 

4. Avoiding investing all your capital in one business opportunity.  

 This is the riskiest step you can take. If all resources are directed to one business venture, you are likely to suffer more when the idea backfires. Diversify your investments. You can diversify by creating several websites as well as blogs so that the business does not suffer such a big loss if only one loses out on visitors.

These are the most essential tips that underlie successful work from home jobs. Most people fail in home businesses because they lack commitment to their businesses and fail to find time to discover the secret behind the success of home businesses. Home businesses have seen many people become rich. However, these people will tell you that they had the commitment and patience to reach where they are today.
What Are your waiting for get your jobs here.

Understanding Forex Statistics

Here are how to Understanding Forex Statistics that you must known. 

Once you become somewhat familiar with how the forex market works, and you understand to a point what is involved in trading on the Foreign Exchange Market, you would want to start to gauge market trends in order to profit from your business ventures on the open market.

The name of the game is statistics, and the first rule is that you must be aware there is no such thing as a sure thing on the forex market. While you can never be 100% sure at any given time of the next move that will be made on the market as a whole, being able to read statistics and interpret them will place you ahead of the pack in regards to "guessing" what will happen next.

Forex trading is a lot like gambling. If you can keep track of the cards that have already been played, you are more informed, statistically, regarding what is likely to be dealt next, meaning you can place a bet with greater insight than someone who has no clue what has already been played. With the forex market, if you have information as to what has already occurred over the past few days, months, or even years, you are again placed in a better position to more logically conclude what will happen next. You simply learn the pattern and follow it to the end, reaping the financial rewards.

Charts And Chartists

Wait, did you think you were going to have to research and map out the market's past all by yourself? Of course not! There are people who get paid to do that sort of work. They monitor the market hourly, daily, weekly, monthly, and yearly so that they can provide big-time traders with the same knowledge mentioned before. The more a trading company knows about the market, the more money they can make.

The best part of this is that you have access to the same information as these VIP clients. Chartists, who are essentially market analysts that publish their findings in easy to read charts, produce what is referred to as a candlestick charts. These charts are basically a combination of a line graph and a bar graph that show the trend of various stocks, indexes, or other interests over a specified period of time. Therefore, you can easily determine if the currency is on an uptrend or if it is taking a downturn, when the last major change occurred, and how long it is predicted that the currency pair will continue on the current path.

If your broker does not supply you with these charts, then you should easily be able to draw them yourself with the modern day charting software or trading platform that you get from your broker. These software platforms can draw most charts for you by entering a couple of parameters and viewing the result.

Open your live account Click Here!  Get you robot here! 

Successful Forex Trading: Forex Hates Procrastinators

Here are Successful Forex Trading: Forex Hates Procrastinators that you must known. 

What have you put off today? Something important you had to do that you ended up not doing? Well i am sorry to say this but Forex doesn't like you very much, it won't actually come out and say this, but it will definatley show you by eating all your money.

Why do lazy people flounder in the forex market?

1. They put off getting a broker too long and then often make a bad choice.

2. They don't do any research or engage in education and therefore end up gambling.

3. They clutter up informative blogs and forums with their incessant whines about how forex is a scam and can anyone lend them $20 because they are good for it.

4. They are often emotional about trades and will either get too excited after a good trade or try to take revenge on the market after a bad loss.

Does this look like a successful traders mindset to you? Of course it isn't. Are you guilty of any of these things? If you are get it sorted ASAP, not or my sake, but for your own. It isn't my money you are gambling away. "But i thought forex is investing not gambling?" Thank you! I don't gamble in forex, i invest, many other traders i know invest as well. Whats the difference? Education my friend, education. We know what we are doing, and make educated decisions about where we want our money, a forex gambler wakes up in the morning and just decides then and there where he is going to flush away some more money. They don't research, they don't even know what a chart looks like, they just go with uneducated gut feelings.

But let's stop talking about forex gamblers before i have a stroke, what about successful traders?

1. They research brokers and then choose one and stick to it until the broker gives them reason not to.

2. They are always learning. What is a better indicator to use? What have i done wrong in the last week? This is the kind of thing that sharpens their trading sword so sharp it could cut space and time.

3. They don't post often, they might not ever post on a forum or blog. To them forex is about learning and they would rather listen then speak. Humble eh?

4. They keep their cool. They know that a win can turn into a loss and the other way around within the next 5 minutes. They have the experience and they have already set up their trades to accomodate for a turn in fortune. They are in control. Well mostly.

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How to Attract More Website Visitors

Here are how to How to Attract More Website Visitors that you must known. 

A website with no viewers is a dead website. How would you expect to generate sales and income when no one pays attention to the website?

Once you have decided to put up a website, put into mind that hard work and patience must be included in your list. This is because without them, you website will be just like one of those which did not last longer than 3 months. Sadly, after all the hard work you've been through, you will still end up empty handed.

To attract more visitors and to keep them to your website, here are some tips you should take note:

1. Fill your contents with details and information. 

 Basically, if visitors are interested in your items or services, they would surely want to know more. Providing information rich contents to your website will answer all their queries, making it easier for both of you to close a deal. Be specific in describing the physical appearance of the products and make sure clients understand the warranty period. Aside from the fact that you should create eye catching designs for your website, it should also be complete, information-wise. After all, these are what the visitors are after for.

2. In designing a website,make it less complicated as possible.  

Some visitors would be easily annoyed when the sites are too fancy and difficult to navigate. Organizing your website is a must, but do not over do it because you might mislead the visitors and end up pushing the close button on the window. 

3. Offer free e-books for free to those people who visits your website.  

You can insert a little advertising in it, as well, to spread the news about your website. What is interesting is that they can pass around the e-book to other people they know, giving you a chance to be heard by many people. This can be a good way to increase the traffic in your website. If you were not blessed with good skills in writing, you can always hire someone to do it for you. 

4. Offer free subscription to newsletters because this will help you stay in touched with your clients.  

Every time your company is on sale or is having discounts, you can inform your clients by sending them newsletters.

In everything you do, always put in mind to put your clients first. Always keep them happy because they will be the ones to bring you to the top.

Gaining more visitors also means to attract more visitors in order to have the traffic flow smoothly. With all of these traffic made, there is a big chance that theses visitors which causes traffic will become "would be" customers that will buy your product. Do it well, do it now. 

Independent Black Dog Trading System Review

Here are Independent Black Dog Trading System Review that you must known. 

This is an independent Black Dog trading system review. This Forex currency trading system was put through its paces over the course of fourteen weeks and the fact that I will continue to use this system for my trading should speak volumes about its performance. Below outlines how the system made nearly four thousand points over that time trading on six currency pairs.

Firstly, I should point out that this strategy is made up of three separate systems. You can use one, two or all three to trade with and for the sake of the trial all three were used.

The system is very easy to follow and signals appear on your screen in the form of arrows on the chart to notify you when to get ready for a trade. There is also an audio alert too.

The author website claims that about 70% of trades are successful and I can clarify that with my own strike rate at just over 72%.

Really the results of a system explain a lot more than any written review like this and a full breakdown of weekly profit and loss are seen on the test site below. One impressive point in this trial was that were no negative weeks. There were negative days of course however long term profitability is key and that is what the Black Dog seems to be consistent at. Was I just lucky? Possibly, but over three months of testing gives a very good indication of future performance and furthermore I have had no reason to doubt any of the testimonials and published results from other members due to my own trial results.

Forex Trading Success - 5 Personality Traits You Need to Make Big FX Profits!

Here Are Forex Trading Success - 5 Personality Traits You Need to Make Big FX Profits! that you heed to known.

If you want to enjoy Forex trading success you need to have the six personality traits in this article and if you don't, you will lose and join the 95% of currency traders who fail to make money. Let's look at how to join the elite 5% of traders who make huge Forex gains.

The six personality traits for Forex trading success are in no order of importance - you need to have them all to win:

1. Acceptance of Responsibility

The professional trader knows that he needs to learn his trade and no one else can give him success, most new traders think they can buy success and purchase cheap Forex robots and lose. It should be obvious to anyone, that you don't get a lifelong income for two hundred dollars or so and no effort but its a sad fact, that many traders fall for these schemes.

If you want to make money in life and in Forex trading, you need to accept you have to learn skills and the responsibility for your success, rests on your shoulders.

2. The Ability to Act in Isolation

You need to act in isolation and not consult other traders or follow the news, the majority of traders do this and they lose. The serious trader, knows that the only way to make money is to trade against the crowd, because the majority always lose. The serious trader is quite happy to go against the majority view when the time is right and that's why he's a winner.

3. Patience

Most traders trade for the thrill of trading and not to make money, they end up taking low odds trades and they lose. The serious trader, waits and only trades when the odds are heavily in his favour - he makes less effort but makes more money! You don't get rewarded for effort in Forex trading, you get rewarded for being right with your trading signal - period.

4. Know Your Trading Edge

A trading edge is something that you have confidence in and know will make you money but ask most traders what their trading edge is and they say - they have some sure fire system they bought or struggle to answer! Remember this - if you don't know what your trading edge is you don't have one!

5. Discipline

This is the trait that most traders never have and its the discipline to follow their plan and keep losses small. No matter how much is written about its importance, the majority of traders still let their losses get out of control and over ride their trading signals.

A trader who has confidence in their trading edge will understand the key to winning is keeping losses under control and waiting for the big trends to re-emerge. Always keep in mind, if you don't follow your trading strategy with discipline you don't have one.

Forex Trading Strategy

Hera Are Forex Trading Strategy that you must kown. 

Discovering The Basics Of Online

Online Forex trading has become one of the most popular forms of trading today, pushing past the traditional sales floor of Wall Street and along with other stock trading centers to steal the limelight with the common blue-collar socialite. It may not be the first form of trade investment, but online Forex trading has exploded in popularity in the last 2 years and has become the preferred approach to investment.

Forex has become larger and more readily "traded" than all other markets combined, with traded ranking in the trillion on a daily basis through the exchange. Online trading is much different from standard stock and future trading however - it doesn't have a sales or trading floor.

This is simply the exchange of foreign currencies. This doesn't required commodities such as stocks or company shares.

Designed with the best knowledge, the actual benefits a person could see from online Forex trading are unlimited. The earning potential could is exponential and may go completely off the chart for somebody who spent the time to turn this into not only a casual hobby on the side. All of that can be obtained without leaving the comfort of your home.

For individuals seeking to work from home, typical marketing jobs require a lot of time spent on advertising, promotion, PPC ads and much more - that is not necessary with online Forex trading. You don't have to advertise anything. The currency exchange rates take care of everything for you, you simply need to decide when to trade.

As with any other kind of trading, there is some strategy involved in online Forex trading. You must understand when to purchase currency when the price for that currency is low as low as possible and know the suitable time for you to sell.

Price shift quickly, so online Forex trading could be a little volatile so there is some risk in losing an investment however with that risk comes a lot of opportunity in order to double as well as triple an investment over night.

Fortunately despite the risks, doesn't require constant monitoring like typical stock or even share trading. You simply need want to purchase your trades and also the prices at which you need to trade the currency again at that time you can leave behind it. Once the best offer is hit on, whenever your selling rate is reached, the online Forex trading system will sell your trades for you.

So if you walk away from it, how can you lessen your risk with online Forex trading?

Maintain current within the economy for beginners. Keep an ear to the ground, especially through the news, so you know what is going on both in your country and around the world. Political landscapes as well as social events can have a profound impact on forex rates. Whenever you watch these trends you will learn whenever it is a good time to prepare for a sell off and whenever it's a perfect time to pickup currency.

Research is also helpful along with online Forex trading, and with that you should try to develop a fair understanding of economics. The concept and also rules of supply & demand are large part of Forex trading and the exchange rates for currency.

If the option is available, find a mentor or even link up with someone who would like to share advice and answer questions. Or else, meet with brokers or professionals in the market and garner extra information that way.

Above anything else find out when to cut your losses. If a certain system in online Forex trading isn't working for you and your portfolio is losing profits then get rid of it. 

If you want to learn more just visit:http://www.OUForexTrader.com/

Forex Trading Secrets of the Rich

Here Are Forex Trading Secrets of the Rich that you must known

Have you ever wondered why it seems that rich get richer and the average person is sinking in quicksand? It is no accident that the wealthy have been taking advantage of the most powerful forex trading secrets out there. The reason you are having a hard time is that when you put your money in traditional investments like bank accounts, bonds and certificates of deposit they are paying less than 3% interest. That barely keeps up with inflation, while the rich are pocketing over 25% interest on a yearly basis you can quickly see why they get rich so quickly.

With the current state of the world economy you may think that right now would be the worst time to invest but actually it is the best. With many of the worlds major economies scrambling to raise funds to service their debt. The tactics in forex trading secrets allows you to leverage these opportunities. Take for instance the United States, which is perceived to be one of the most stable currencies in the world. Since the U.S. economy has a deficit in the trillions of dollars it needs to increase its prime lending rates so investors like yourself will buy U.S. Dollars thereby driving up the price. So you want to buy US dollars because you think they are going up in value? That's a great thought, now applying the forex trading secrets you will need to determine which of the major currencies will lose value against the US dollar. Will it be the British Pound, The Euro or the Japanese Yen?

Now that you have decided what pair of currencies to invest in the most challenging part of applying the forex trading secrets is knowing when to sell and buy. Many investors get caught up with trying to time the market exactly that they lose out on the opportunity and regret it afterwards. You will need to do a fair amount of research to find where you think the sweet spot is and stick with it. The primary goal of forex trading secrets is to show you that if you let your emotions get the best of you then you will always lose out. Far too often investors take the investing personal and try to ride the investment beyond it's capacity. From the beginning you need to set your ground rules and always follow them then and only then can you realize sustainable profits.

Now that you have some of the basic concepts of forex trading secrets you will need to go beyond just picking one pair of currencies and target a larger cross section of perhaps 4-6 different currency pairings. This will allow you to spread your risk and earning potential over many opportunities giving you the highest probability of success in these challenging times. Always be sure to only invest when it makes sense to you and you will not lose sleep over it.

Discover the Benefits of Automated Forex Trading Software start making money on autopilot with the click of a mouse. When you have the right tools you are unstoppable, Trade Foreign Currency with ease and freedom with the real Forex Nuke  If you want to learn more just visit :Forex Nuke it's help me more.