Online Trading Rebel Blog » forex trading

Simple Intraday Forex Trading Scalping Strategy

Asoka Selvarajah — Wed, 18 Jan 2012 16:55:06 +0000

Here is a simple and interesting forex trading strategy, which also employs multiple timeframes:

This is an intraday method he talks about but it would doubtless work on pretty well any timeframe.

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New Year Resolutions : Tips For Successful Trading In 2012

Asoka Selvarajah — Wed, 11 Jan 2012 16:14:07 +0000

I have never had much belief in New Year resolutions, mainly because not much ever comes of them for most folks. That said, a new year can be an extremely useful tool in setting yourself a new direction, especially in your Trading. The key though, as with Trading itself, is to ensure that you have a definite system for getting there.

In fact, you don't require a new year to do this. You could do this at any old time of the year, which should give you some solace should you in fact get thrown off from your new year resolution. The truth is that you do not have to waste time until next year in order to start over. You can begin again immediately and get right on track once more from where you left off. In addition, you can start a new goal in life or Trading on ANY day of the year. There is no need to wait until January 1st.

Naturally, all of what I have just stated is pretty obvious, and yet it is incredible how many people pass over the blatantly obvious and thus miss out on all the success they could be having on their life goals and dreams. You don’t have to be that way. Hence, if you are starting out this year with some new goals and resolutions, then that is great. However, remember that you can get right back up and start again should you ever come off the tracks at any time.

So what is it that makes the difference? What is it that causes some people to fail and others to succeed in life (or Trading), in goals and in new year resolutions?…

The answer is… (1) a clearly defined system for achieving those goals and keeping on track, coupled with (2) solid reasons for WHY you want this, backed up with (3) strong will and emotional commitment to succeed.

Without these components, it is all too easy to get distracted by the daily urgencies of life and thereby forget what we committed to. In Trading, without (3), a series of losses can easily rock your confidence, epecially if you lack (2), the solid reasons for why you MUST succeed as a trader.

What do we mean by a clearly defined system? Frankly, it means different things to different people, according to their individual personalities. That said, you should definitely know your specific outcome (goal) in the first place, as well as some specific time target for achieving it. Is it to become a fantastic options trader this year? Is it to make X thousand dollars day trading? Is it just to get profitable this year for the very first time?

If you don’t know what you want, how can you ever get it? If you don’t know when you want it by, then it becomes a mere dream or fantasy than a goal that drives you daily.

You also need to be able to work this overall goal back to monthly, then weekly and then even daily deadlines. Specifics are what really count in making progress, and it is lack of these specifics that cause so many people to fail. If I asked you to go to the shop and buy a loaf of bread, or to decide on a holiday destination and then make a plan to go there, you would be able to list the exact steps as to how to do these things. However, if I asked you for a list of specific steps for achieving your stated goals in Trading, most traders would stare at me blankly.

Apart from having a specific goal, a specific deadline, and specific daily and weekly and monthly steps for getting there, you also need a system of accountability and regular review. This means having a way of checking in on yourself daily to see if you are on or off-track. That way, you are able to make adjustments and get back to where you should be. There is no point waiting six months or a year before checking in. The more often, the better.

With regards to (2) strong solid reasons why you want this, this is all about giving you the motivation for working steadily towards your goal, especially when times are tough, which they often may be. Hence, when you get discouraged, you can pull out your sheet of ten or twenty reasons why you want this, and fire yourself up again.

So that is one thing you can do. Create a list of 10–20 reasons why you absolutely must get this done, and then review that list regularly.

Finally, for (3) strong will and emotional commitment to succeed, this is where you need to spend time really creating a picture for what things will look like if you do succeed. Imagine and visualize it in great depth and get excited about it. See yourself succeeding as a trader and all of the financial and self-confidence benefits that this brings. Also, you should consider developing a visualization for what would happen if you fail. Some people are better motivated by fear of loss than possibility of gain. Actually, it is a good thing to have both methods working for you simultaneously. One pulls you forward, and one drives you from behind!

In conclusion then, USE this new year as an opportunity to kick-start yourself to achieve something new and spectacular. Use the three key factors discussed above. And remember, this works ANY time of the year, not just in January. Make it happen!

Two Forex Trading Mistakes That Can Destroy Your Account

Asoka Selvarajah — Thu, 22 Sep 2011 11:48:27 +0000

Here's a very informative stock and forex trading video about mistakes that can wreck your trading and terminate your account:

See if you're making these kind of trading errors in the markets. If you are resolve to terminate them, and then monitor your trading strategy vigilantly to ensure that you have done just that. Remember, these mistakes can cost you a lot of money and even end your trading if you don't deal with them!

Asoka

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Understanding Forex Trading Signals

Asoka Selvarajah — Tue, 30 Nov 2010 12:37:07 +0000

The key to success in currency trading is certainly an ability to foresee the precise change of the market trends. Forex trading Signal Software can help you do that.

You Should Understand Forex Trading Signals.

So to cut a long story short Forex trading signal software is one of those efficient tools which can automate the process of getting quite accurate ideas about surrounding trading environment. I suppose you should get acquainted with a …

Publish Date: 11/28/2010 10:17

http://www.anythingandeverything.org/you-should-understand-forex-trading-signals/

There Are Clear Advantages For Forex Automated Systems (forextradingspeculation.wordpress.com)
Automated Trading Robots: are they really for me? (forextradingspeculation.wordpress.com)

The Benefits of Trading Forex Over Trading Stocks

Asoka Selvarajah — Thu, 25 Nov 2010 16:45:37 +0000

Which is Better to Trade Forex or Stock Market? Trading Business …

A thorough comparison between trading Stocks and trading Forex with all the technicalities you need to know about trading both markets.

Publish Date: 11/23/2010 9:28

http://www.goldenwire.com/363/the-benefits-of-trading-forex-over-trading-stocks/

Advantages of Trading Forex over Stocks

www.TracknTrade.com Compare Stocks to FX, or Forex. Learn to trade the foreign currency markets, using technical analysis with trading and charting software.

Applying An Excellent Forex Trading Strategy To Ensure Favorable Results

Asoka Selvarajah — Thu, 28 Oct 2010 14:15:18 +0000

The Worlds most profitable Forex trading system!

cli.gs If you want to make money Trading in the Foreign Exchange market then you are going to need the ultimate Forex trading system and the system you are about to see will simply blow you away, I myself have pocketed many tens of thousands of dolla…

Applying An Excellent Forex Trading Strategy To Ensure Favorable …

The act of trading within the marketplace has actually come quite a full circle upon original inception which has led to an incredibly diverse difference in how trading is performed today. There are millions of trader that are currently …

Publish Date: 10/28/2010 21:09

http://www.autopilotforextradingsystem.com/applying-an-excellent-forex-trading-strategy-to-ensure-favorable-results/

Criteria For The Best Forex Trading System

Asoka Selvarajah — Fri, 01 Oct 2010 11:22:59 +0000

Several Criteria For The Best Forex Trading System | Forex …

Without any doubt, the best forex trading system for you certainly isn't all the time easy and simple to decide. In fact, there are a particular number of criteria which you certainly should utilize for evaluating the worth of one forex …

Publish Date: 10/01/2010 11:32

http://www.forex-currencytrader.com/forex/several-criteria-for-the-best-forex-trading-system/

Difference between Forex & Stock Trading

Asoka Selvarajah — Tue, 21 Sep 2010 09:57:43 +0000

Why Choose Online Foreign Exchange Trading Over Stock Trading …

For some unknown reason, the currency market adapts well to automation much more easily than the stock market. Forex androids are made out of all kinds of trading systems and a lot of them are successful. This isn't the case with stock …

Publish Date: 09/21/2010 13:21

http://www.flaying.net/why-choose-online-foreign-exchange-trading-over-stock-trading/

The Stock Market vs. The Forex Market « BVIFX – Forex Trading

The differences between the stock market and the forex market are significant. In this chapter, I will discuss the general definitions of the two as well as the pros and cons of each. …

Publish Date: 09/21/2010 16:24

http://bvifx.com/the-stock-market-vs-the-forex-market.html

Forex Trading Tips

Asoka Selvarajah — Wed, 15 Sep 2010 04:23:03 +0000

Forex Trading Stop Loss | Learn Forex Trading Tips . Forex Education . Learn Forex Trading

www.forexstrategysecrets.com. Forex Tip do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendo…

Forex Trading Tips: How To Comply With The Trend

You will find some forex trading tips that can really assist you to to generate profits with foreign exchange trading whenever you start out. Certainly one of these would be to…

Publish Date: 09/15/2010 5:37

http://www.articleonlinedirectory.com/Art/480710/226/forex-trading-tips-how-to-comply-with-the-trend.html