Posted on November 7th, 2010 by Rapid Forex5 Comments »
I closed a short trade on the EUR/CHF today for a 56 pip profit. In the video below, you’ll see how I used almost “psychic” powers to exit the trade…I say that jokingly, but you may wonder after you see this video
I sold the EUR/CHF @ 1.3503. Five hours later, I exited the trade at 1.3447 for a 56 pip profit!
Real Money Forex Trade
This was a real money forex trade. I shared everything that was happening with the LIVE Forex Training class, as I do all my personal forex trades.
Watch the video below to see how close to the end of the trend this one came:
THAT was a close call! I could have lost nearly 2/3 of my profits on that trade had I not spotted that
Forex Pivot Points
In the video above I mentioned using forex pivot points. This is a very popular & effective form of forex trading. I teach pivot points in the LIVE Forex Training.
Normally you’d pay $500 just to learn pivot points, let alone be able to ask ANY question you like and follow live forex market trades with real money. Fortunately for you, this is just one component of the LIVE Forex Training available at rapidforex.com.
I’ll continue sharing more tips for profitable online forex trading with you in upcoming rapid forex blog posts.
It takes a little practice to master this art, but the results are almost like…
Pure Forex Trading Magic!
I’ve prepared a video below where I just opened up a chart and followed the EMA/MACD system & shared the interpretation. I didn’t cheat & look ahead. I simply called it as I saw it. I actually do this in real LIVE market conditions when I teach traders directly how you can trade everyday.
I didn’t lay out a bunch of complicated rules for you. I simply shared how to look at the signals that were given. If you watch this video a few times & then look at forex charts for even 30 minutes, you’ll start to see the power of this system!
Trend Following Magic Video
Watch this video now to see how you can use the EMA/MACD system to predict trend continuation & reversals. When you combine this with Forex Sailing, you’ll be nearly unstoppable. I also teach pivot points in the LIVE Forex Training, With all these tools, you’ll be like a Forex Ninja!
I recommend you watch this video a few times. I’ll also share this concept a few more times with you as well so it really sinks in. This isn’t your typical way to look at EMA & MACD, this is a really cool & powerful way to use basic forex tools.
Learn this & You’ll Kick ASS!
I’m sharing this for free on the blog so you can kick ass as a forex trader! Learn it. Master it. Use it. IT WORKS!!!
Posted on March 15th, 2010 by Rapid Forex3 Comments »
The fundamental indicators that I’ve been discussing in previous blog posts can, generally speaking, be referred to as chart-based indicators (though some do also involve math, like Fibonacci numbers); to set up a trade you first analyze a chart, looking for technical indicators hidden within that chart that can reveal lucrative buy and sell signals.
These types of signals are also referred to as judgment-based indicators because you are using your own judgment to determine the existence of the indicator (for example, you base your decision about a trendline bounce point or break based on your own judgment of where to place that trendline).
Education is extremely important in in forex online trading with judgment-based indicators, because in order to profit from your trades, your judgments about those forex trades must be well-informed.
Math based trading indicators, on the other hand, are not formed out of your own judgment. Instead, these indicators are created by mathematical formulas applied to your given forex online trading period.
While education is very important if you are to successfully trade with math-based indicators, your charting software will do the actual indicator creation for you. Of course, the best math-based indicator is useless if you don’t know how to interpret it.
In upcoming blog posts, I’ll discuss the basics behind the creation and interpretation of three math-based indicators: moving averages, stochastics, and MACD (moving average convergence divergence).
While I won’t detail the mathematics behind these indicators, I’ll go over the basics of how the indicators are created by the forex charting software. I’ll also discuss in more depth how to properly read the signals a math-based indicator is giving you.