Forex Auto Trade - Uncover the Secret of the Wealthy Home Forex Trader Right Now

Have you ever imagined making lots of money from home? You no longer would have to go to a job 5 days a week. Wouldn't it be great if you found business that really works and doesn't cost much to start. Well, Forex auto trade is your answer.

If you've never heard of the Forex market, it's where the world currencies are traded. Yes, just like stocks, currency's from countries all over the globe are bought and sold every minute of the day.

Like any business, you need the right model in order for it to be successful. With trading, the model is a trading strategy that tells you when to buy and sell. A winning strategy is one that is easy to implement and is consistently profitable.

For years people have been using price charts to hunt for times to trade. They use a number of indicators with the charts that help them predict where price is heading. However there have been recent advancements in technology that make these methods archaic.

There are computer programs known as robots or auto trade systems that tell you when to trade. It's really quite amazing. Companies have created these little trading assistance that work relentlessly hunting for profit opportunities. You just do what it says to do! Business has never been easier.

Imagine that you know one of the world's top Forex traders. Imagine that this person is sitting next to you during every single trade. Plus, this wealthy individual tells you what to trade and when. This is what truly is happening when you use a automated software system.

I love how the internet and technologies are leveling the playing field in the business world. Would you be surprised to know that there are home traders that make more money than people that own the world's top franchises? Crazy isn't it. The beautiful thing is, you can start an auto Forex trade business for a few hundred dollars.

Now, the challenge is to find the best automatic Forex trading system. The way I found the one I use is by testing it. I got the auto software and used a demo account with fake money to see if it worked the way I thought. It was the easiest business I've ever started!

Once you find and test one of these gems, you will never look back. You won't have to hunt for a way to make money from home any longer. You can just download one of these programs and start your business right away.

Your next step to take what you just learned and apply it. Find a Forex auto trade system today and get your business started!

Hector Breton's passion is trading by using a Forex auto trade system. Find out what he recommends as the only proven method to trade at http://www.automatedforexsystemtradingblog.com.

Forex Power Trading System!

Turn $5,000 into $35,000 in 3 Weeks!!  Stop Wasting Time On Complicated Over-Priced Programs Written by Salesmen Who Want Your Money!!  Discover Easy-To-Learn Strategies from an Actual Trader that Even a 12 Year Old Can Understand and Win With!!

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Forex Expertise - What Makes it Simple and Easy in Forex Trading?

The Forex industry is considered the largest among markets around the world. Nearly trillions of dollars are being generated in a day to day basis. A normal person would think that it would be hard to earn money. This notion is somehow wrong because a person, who starts good and build strategies accordingly, will have a fruitful career.

Now if you are to make your move in this industry, you need to have a forex software that will help you minimize your effort and maximize your return. Do take note that trading in Forex has a fast pace as it grows rapidly without you noticing it. In addition, you will need to build your forex skills so that you will have a good foundation once you have already obtain a forex account.

Since we mentioned forex skill already, the ability to devise a suitable strategy which will fit your trading behavior will be a good foundation for you. Since money is involved and the events can unpredictable, hence you don't need to be in a hurry. Money can disappear instantly so you need to make that right decision and try to look for lucrative software.

As you move on practicing right strategies and proper behavior, you will soon build a strong experience that will give you leverage as you go on trading with other traders. Learning from experts and listening to their techniques is another way so that you will be guided on your trading profession.

Now the best part of this discussion is, you need to have the right forex robot which will enable you to gain profits. Without this, it can be a tough challenge when you start trading. You need to choose right robot that will suit your strategies and goals. You need not to worry since software nowadays are easy and simple to understand.

Best Forex Robots: Compare Top 10 Forex Robots And See Live Trades Online!
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Forex Morning Trade system

Forex Morning Trade is 100% mechanical system that is simple to learn and easy to trade even by complete newbie, and moreover, the system will take maximum 10 minutes a day while giving consistent profits month by month.

Just imagine that your trading day looks as follows:

   1. In the morning you’ll look at the charting platform and decide if you’ll open the trade – decision based on the rules of Forex Morning Trade system
   2. If the conditions are met, you’ll simply place a trade and walk away. That’s all. You don’t need to sit in front of the screen, monitoring your positions. The trade will either hit profit target or stop loss automatically.

Does it sound too good to be true? I admit, it seems too good, but...I’ll prove it

Check it out!

Forex Hacking - The Best ebook about Forex Trading

Hacking is a twist of Paul Graham's definition - it's about performing an act with extraordinary skill and smartness.

This book will give you an extensive guide throughout many forex trading techniques. This will help you step up your game - or get into it with a head start if you are a beginner

The Forex Market allows you to make serious profits but there are many pitfalls that you need to be aware of.
With thorough coverage of powerful techniques and explanations of why many proclaimed "magic bullets" don't work, this book will enable you to make profit without falling many of the traps that traders typically encounter.

Check it out!

The American session trader daily Forex question

The meeting of U.S., issue of daily 09: 45 EDT merchant; "Do Oh dear, now we have an American trade and they run the risk of a movement of price stranding things with any momentum, as 80% of the sessions of the U.S.?"

The law of probability says that trade in United States does not follow through with sustainable jumps in new positions, and with what came before the open of Wall Street, we have already seen that the beginning of S & P Bull could literally go anywhere. TheLFB equity monitoring system shows the main components that we use to measure the momentum of S & P has only four of 30 commercial companies in the green.

If this movement is to celebrate, and by default the dollar is getting weaker, a huge raft of volume should hit it lifts all stock indices, as well as the trade in oil and gold. Does not mean it could not pass, but it is questionable whether it hit him and maintain before European markets to enter in your closing at 10: 30 EDT.

The fact that gold went to $10, or 1% in five minutes in the open and the P & S managed to tag 0.3%, leaves another asks oil why has not moved too far, and applies even more the feeling that could sustain the movement on Wednesday. The elders are so far from its highs of the previous session or casualties, that really breaking new ground and stays for a ride in the dollar are unlikely; unless you hit a tsunami of volume.

There is absolutely nothing clear about the image we have of the major pairs and dollar global market drivers. All are sobrecomprados in the short term, and the key pairs are dealing with the daily areas average mobile graphic Simple which are really creating a massive support and resistance to work through.

Volume and speculative interest is very light, creating an environment offers great volatility, but also failed jump, to the same extent. Global trade EQ is flat, and commodity markets are also flat lining after efforts to maintain the support this week. In total, not an easy environment of high probability of broadcast signals.

Written by the team of trade TheLFB, © 2007-2008 LFB services, LLC. All rights reserved. http://www.TheLFB-Forex.com

Risk TheLFB notice can be found at http://www.thelfb-forex.com/content.aspx?id=174.

Copying, distribution, republication or redistribution of content TheLFB is expressly prohibited without the prior written consent of LFB Services, LLC.

View the original article here

Forex Exchange Market: Chances and Risks of Internet Currency Day Trading - Tips for Beginners

Short history of the Currency Market

Foreign Exchange Market Trading, in a short Forex is the international name for the currency exchange trade market referring to pairs of currencies and their changing values worldwide. In 1971 this currency market was opened by the decision of the international banks to allow the unalterable currencies to float up and down with their real values on the international market. This historic decision opened one of the most gargantuan markets in the world, which is now open not only to professional brokers but also to private persons. Every day over 70 milliards of USD were traded in the years after 1980 and actually the market reached over 1.5 trillions of USD. Is this deluge of online currencies in exchange still real?

Currency Trading - how it works!

A currency trader opens his account with one of the internet brokers on the market and then he can buy and sell currencies immediately. The deal in currency trading is to buy a currency at a low price and sell them when they go high, so that the difference is the win of the day. As currency pairs float up and down a lot, there is a daily chance of winning and loosing constantly. Currencies are traded originally on the inter-banking market by brokers who are employed at those national banks who use the chance to profit from currency changes. The broker himself has his own customers, business and private investors who bring in their money to earn a profit on this market.

Since several years it is also possible for every private person to directly invest on a bank account for currency trading and just buy and sell currencies in many different directions, but mostly with the well known currencies like USD, AUD, EUR, GBP, CHF and some Asian currencies too. The private customer opens his online account and has access to the currency trading platform of the bank with realtime currency values. It is very important that the customer of the bank has a good and quick internet connection as some break down of the connection or his computer might cost him a lot of money or even ruin him, if he didn't put in security stops for the trade. The more traders of the Bank deposit money into this market, the more value can be traded by the professional brokers too. The bank broker is in a lucky situation as he cannot lose much because the bank is winning from the so-called spread, a small percentage of cost which is taken from the private trader for every trade he enters into the market. It is the difference between the buying and selling price of a currency which is given on the market between banks. So every online broker or bank will naturally get rich by having always income from the spread whereas the private dealer pays for his losses immediately and has to be very cautious about his personal risks.

Who wins and loses in the end?

The bank as a very cautious institution in general does also observe what her customers do on this online market and the software has a tool which gives an alarm if some customer is risking his whole money and the bank account is falling under a certain level of value. In case the dealer doesn't close his trades in this situation, the trades will get closed automatically by the software in case they fall under a positive value. This is a security for the bank and the private trader that his account cannot go into the negative. He can lose a lot but never more than he invested on the trading account. Some banks also change the spread in times of a hot market situation and then the customer has to be very cautious because he will suddenly pay more than expected. With a 100:1 rate of spread you invest 1000 USD to handle a total of 100.000 USD for currency trading. That's a lot for a beginner and a big chance to win, but at the same time a lot of risk to lose. Be aware of your risk and take precautions to prevent losses by activating stop-loss and take profit stoppers for your trades.

What online accounts and brokers are available on the international market?

In Germany for example, the 'FX-Bank direkt' offers currency trading accounts for everybody and they also offer practical instruction with online chat, email service and a phone service for several weeks. The service is really good, but every private person has to start with a capital between 4.000 and 50.000 Euro by a postident- registration to be accepted. The next step is to bring in one's personal information from having read some starter books for currency trading in one's mother tongue or in English by training to use the software of the chosen broker and bank. Every bank uses a different software for currency trading which is in general similar and easy to learn within a few days. For this purpose the banks offer Demo accounts with the same currency pairs and conditions but without real money so that every apprentice can learn how to handle the account and see his results in wins and losses to study how it really works. With some skill a newcomer is able to trade for a few weeks and get some good idea about the interdependency of some currency pairs like EUR- USD and USD-DKK or AUD and GBP or EUR and CHF.

In the United States OANDA Fxtrade is a big bank who offers the same services for private persons with a similar software based on Metaplan 4. The program is easy to learn and the hotline 24 h a day available. For a beginner who likes to try in real it is here easier to enter with a paypal payment quickly and without any limits to the sum. If you like to try for a small sum, you are treated not differently from a big investor. That's an advantage. OANDA offers also a special way of using boxes for future trades if you are able to predict a market direction you can put a trade with the help of a framed box and win if the currency touches the field of your box after a given time delay. That's a way to trade differently without sitting in front of a computer constantly watching the market go up and down.

A recently founded internet forex bank is EToro which also offers costfree accounts for everybody and won a world foreign exchange market price as the most innovating trading platform for day trading. EToro offers newsletters and trading workshops for beginners online under the name of private trainer. A demo account is quickly installed and the beginner starts with 8.000 USD of fictive electronic money to test. There are games between the dealers where the best trader can win a price. That might be an appetizing offer for young people who wish to learn currency trading. The advertising strategy of EToro sounds often a bit exaggerated as there is constantly some young housewife presented who got an income of over 100.000 USD in some months by trading only 3-4 hours per day and the rest was free time for her family tasks. From personal experience this seems to me rather unbelievable. The optimist might just test it and get his own experience and opinion.

How to get Currency Trading Experience without Loosing too much?

The trading experience from the Demo-Version of the account is slightly different as there is a very short time delay between the demo trading and the realtime trading but this doesn't hinder the practical learning effect. During the learning phase it is good for the new trader to use his time to study the market and the currency pairs and to allow himself to make all mistakes ever possible and see what happens, because then the chance to risk too much and lose in real is less. The trial - and learning phase of several weeks is useful for a beginner to see if his intuitive feeling for the market trend is good enough to risk his money on this market. Moreover the newcomer has to study the economic and political situation of the countries whose currencies he desires to trade as every incident of the government or of allied countries and even diplomatic wars like fights around the gasoline prices or the oil production not only real war situations can influence the currency value from one second to the next one. Low household budgets and big debts of nations in Europe like the so-called PIGS - Portugal, Italy, Greece, Spain can cause an unexpected drop of the Euro.

Analysis of Charts - technical question or intuition?

The charts can be shown in the software in various ways such as candle sticks with tendencies in colours to choose or line charts or point and figure charts. This can be chosen by personal taste but in general the professional brokers recommend to use candle stick charts as they offer 4 different ways of information. The highest or lowest point is seen and middle part of the candle shows the first and last value of a currency value. The candle stick chart can be watched in a grid between a minute timing or a quarter of an hour or half an hour, an hour and up to one year. There are additional analytic instruments offered on every platform which have to be studied thoroughly and cannot be discussed in this short article here. You can do a lot of technical analysis for yourself and with some tools, but be aware that the FOREX market is completely emotional, steered by political and economic news every day in different directions. So there is no garantuee that your analysis will really help you to forecast the trends. Most of it is trial and error and getting experienced with practicing it.

Big Deals to win by day trading with Currencies? Risks, Chances and more...

Currency trading online is open 24 h daily and 5 days per week as the exchange market for currencies opens on Monday morning Australian time and ends on Friday afternoon New York time. It is fascinating too for the hobby trader if he is able to watch the market round the clock for a longer time and develop his own strategy. The private trader can trade with a leverage of 100:1 and so move values up to 100.000 USD on the market with a small trading bank account, but that offers a big risk of greater losses and so the leverage of 40:1 or 20:1 is more useful for a beginner to see what happens. There is a lot of trader training books and biographies and informational literature about trading available on amazon and in other bookstores. It is hard to give any recommendation as the help which can derive from theoretic information depends on the state of information and practice of every trader and of his personal mother tongue. So everybody might just read the customer feedback of online bookstores and decide himself.

Winning money up to 20 or 25 % per day is possible when a market trend stays in the same direction for some hours, but naturally it is also possible to lose a lot when the trader has taken several times the wrong direction. The biggest risk is that when the trader has to leave a trade with a loss of money it costs him 4 times the effort to bring back this lost money again and restart winning at the formerly present level. This insight is normally paid with big losses as mostly every trader on this market who writes articles or even books will admit when asked that in the beginning he lost his whole capital or even more of it before he got somehow a winner in this risky brokers' game. If you try it you will see that nobody tells you about such effects like it is written here from personal experience got just by practice and real curiosity to see how this day trading works. Don't believe aggressive offers and promising housewife advertising, just make up your mind if you wish to try it and practice with low costs and low budgets to learn until you are able to win in a low range game. Only then go fore more if you are able to win in a stable way for more than several weeks.

There is a rule which is often talked about and for a good reason. When you enter the market with some trades, just stay present and don't leave your place as the trend might change and then you might get surprised with sudden unexpected losses. The problem of currency trading is that you can use risk minorizing tools as setting stop-losses with the software or take profit marks and so just make sure that you will not bring down your account when the internet connection gets lost, but allow me to report here that currencies move in big curves up and down and often it is not possible to set immediately a stop-loss or a take profit when you start some trade. You just have to sit there and watch it until the curve went into a longer trend so that it is useful to set your risk preventions then in a distance from the trend as the curve would move up and down and your set precautions by stop-losses would constantly put you off the trade and cost new spread for new trades.

Some Top Secret Rules for you....

5 Golden Rules for Start ups and Beginners in Currency Trading

There is five golden rules to observe for the beginner until he or she develops more skills to find his or her own strategy. Be sure that observing these rules can save you from loosing a lot of money:

Watch the market permanently for longer times and enter a trade when you see that the direction is holding on for a while so that you might be able to follow a longer trend. Don' t trade overnight or in absence when you didn't make sure that you already went along with a winning trend and set at least your stop-losses so that you will leave the market with a win instead of a big risk to lose.

Stay on a trend as far as it moves in the same direction, use longterm trends

Keep away from swing trading like going with quick trend direction changes as it happens in high risk periods of currencies and politically or economic critical exchange market periods when many people have quick reactions and the internet connection or the software might break down unexpectedly and then you really lose without being able to influence this.

Keep away from trading when you risk to get addicted to games as you need to be free of a personal feeling of wanting to control the market and the trends. As far as you are in a feeling of neediness to win or make money, you will be out of control and not follow your best intuition but cause lack for yourself and your account.

Develop your own strategy by choosing special currency pairs after having observed market trends and recurring trends of related currencies. Develop short term and long term trading tendencies to observe. On this field you might read about successful traders and their strategies, but don't believe what you didn't practice and trust your own skills.

Dr. Karin Wettig Munich January 2, 2011

Dr. Karin Wettig is Author, Coach and Trainer at Munich in Germany. As detailed on her webpage she is a musicologist, specialized in Classical Italian Belcanto Singing. Since 2007 she published books about the technique of Opera Singing, Belcanto Body and Voice Training. Moreover she does Concerts with a young pianist and writes literature under a pseudonym. Find out more yourself, if you are interested.

Forex Set and Forget Automated Trading Robot

This automated forex trading robot represents the future of automated trading. It can double your account in as little as a few weeks, and can be left unattended for long periods of time without worry of draining your account.

I know you've probably tried some of the other trading robots in the past. They all claim to give you explosive profits quickly. And sometimes they even work AT FIRST, but the profits cannot be sustained for the long term. Forex Set and Forget was designed to run for years at a time and produce steady profits the whole way through.

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Price of the dollar and USDX

The index of the dollar (USDX) is an important analytical tool for merchants in any market. The USDX is really a futures contract that means that, if you have a futures trading account could trade this instrument such as corn, oil, gold or currency futures contracts. However instead of trade the USDX most retail traders use it as a way of analyzing the relative strength or weakness of the US dollar in general.

The USDX compares the United States dollar (USD) against a basket of other currencies in the world. This basket represents the majority of largest free floating currencies, major in the world on an average basis weighted. The currencies that are included are the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc. Each of these currencies are given a weight in the index with greater weight given the euro.

The euro is generally half of the total weight, including in the middle of the graph to the USDX and often will look like a chart of the USD/EUR futures contract. Flat forex traders will notice that the USDX is very similar to the inverse of the flat forex of EUR/USD pair. However, because the USDX includes 6 different currencies is a better measure of force USD to any pair of currency including the EUR/USD.

The USDX was set up in 1973 with an initial value of 100. This means that if the USDX is measured less than 100 USD has lost relative value compared to what it was worth in 1973, and if it is above 100 and us $ is stronger than in 1973. Currently the USDX is about 82, which means that it is weaker than its initial value of 18%. The dollar has not always been weaker than that in 1973, the USDX showed an improvement of 20% in value in the USD in 2001 and 2002.

The USDX is especially useful for traders of bonds, currency and gold markets. For example, a strong USD is usually related to the fall of the prices of gold, which means that gold traders are very interested in a jump out of the USDX despite may not be trade us $ directly. Similarly, the global crises often increase demand for the USD as investors seek a haven of uncertainty. This will boost the value of the USD up and bond yields will often drop. These are just two examples of how the USDX is a tool more inter-market that can be used to evaluate capital flows and the search for new business opportunities.

Graphics for the USDX in even-numbered pages of analysis in the forex markets learning website section but if you are interested in the USDX has two attractive alternatives for trade. First of all, you can open a futures account. There are futures and options on futures available in the USDX that trade on the Board of trade in New York.

Secondly can trade ETFs that track the same USDX. PowerShares offers two ETF alternatives to trade index. The first is UUP which invests in long in the USDX futures contracts, which means that you moving the same direction as the rate of the dollar. The second is UDN that invests in the final analysis the USDX futures contracts, which means that it will increase in value when the rate of the dollar weakens. If you are the dollar Bull could purchase UUP and if low the dollar could buy UDN.

Written by the team of trade TheLFB, © 2007-2008 LFB services, LLC. All rights reserved. http://www.TheLFB-Forex.com

Risk TheLFB notice can be found at http://www.thelfb-forex.com/content.aspx?id=174.

Copying, distribution, republication or redistribution of content TheLFB is expressly prohibited without the prior written consent of LFB Services, LLC.

View the original article here

Forex Steam - Taking the Forex world by storm!

Forex Steam is an expert advisor, or robot, that has been taking the forex world by storm. Tests by independent testers (Forex Robot Nation) have shown a remarkable +1813.01% increase over the initial deposit. This is what the creators of Forex Steam have to say about their robot:

"Forex Steam is a Forex Robot that is destined to change your Trading Account and make you a Winner.  With over 25 years of experience our team of traders and developers have come together to bring you an EA that will CHANGE your life.  Let me go through a few of the details and get you better acquainted with Forex Steam so you know exactly what you need to know about this system:

· It is Fully Automated
· You get 4 licenses which can be used for either Demo or Live Accounts (these can be changed and updated at any time)
· It takes under 5 minutes to install
· There is a 30 day money back guarantee
· It is Password Protected

So, you’ve probably heard many if not all of these elements before.  That’s fine, most of these systems have a lot of the same base elements.  Although, we know that Forex Steam is different than the rest, better than the rest.
With all of our knowledge we came up with a strategy that we were confident would outlast any other on the market."

To read more go to their website here.

Dealing Desk vs. No Dealing Desk Forex Brokers

When picking a broker it is imperative to understand the trade structure that you will be using. You need to understand whether you are using a dealing desk Forex broker or not. This knowledge can greatly influence whether or not you feel comfortable using the broker in the long run. The biggest problem with your broker is whether or not they may be actively trading against you.

One of the biggest issues with a dealing desk broker is that they are quite often the person on the other side of the trade you take. If you think about this, it can be a significant conflict of interest. Your broker has a vested interest in seeing you lose on the trade. There have even been examples of brokers that have been indicted for playing games with their customers trades. You read stories of brokers that simply wipe their customers out, or refusing to pay profits as they will tell traders that the price of the trade was executed at a "false price".

Another problem with the dealing desk is that you may run into a delay when getting your order filled. In a meltdown, the dealing desk Forex broker needs to manually approve every trade that comes through. If there are thousands and thousands coming in, you may find that you get slipped several dozen pips before your trade gets filled. I have had personal experience with this, both for and against my bottom line. When you have a dealing desk that is overwhelmed, it can lead to exaggerated losses.

Contrast this with a no dealing desk environment. The no dealing desk environment automatically matches orders, or takes the other side. The no dealing desk broker isn't necessarily an ECN broker, as they can still take the other side of every trading place. Normally this is completely computer driven, and instantaneous. This is one of the main advantages over the traditional dealing desk model.

It shouldn't be suggested that simply because a dealing desk exists that the broker is dishonest. In fact, for a very long time this was considered to be normal business standards. But as time has gone on, a few bad apples have given the concept of the dealing desk a very bad name and traders are starting to demand at the very least automated trading, if not anonymous and ECN trading.

If you are uncomfortable with the concept of the dealing desk, there are plenty of brokers out there that do not use them. Even in a non-ECN environment, you can still find automated trading that is completely fair and transparent. It is up to you to be diligent, and look up the broker's record with such agencies as the CFTC and FSA. However, this argument may be a thing of the past soon as the ECN Forex broker is becoming more and more common.

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Forex Profit - Best Strategies to Make Money in Currency Trading

The currency trading market is a unique market in the sense that it is open round the clock. It is also the largest market in the world and offers plenty of lucrative opportunities to make money. It is not surprising then that a large number of people are drawn towards foreign exchange trading. Even those with other jobs are taking up trading as a part-time option in order to make their fortune. If you are looking for forex profit, then it is important that you first of all get yourself well acquainted with all the nuances of the trading process.

There are several instances of people making silly mistakes and losing money in the process. It need not be the case with you, provided you are willing to some time and money in getting yourself trained in the various aspects of currency trading. These days there are several programs available for getting well versed in the trading process. You can also find several online training programs, where you can learn at your own convenience.

Perhaps the best way to pick up trading skills would be get trained under an experienced forex broker. This would help you fine tune your skills and find out about the various strategies that you need to adopt in order for you to make forex profit. It is also important that you use the latest technology to your advantage if you are looking for forex profit. For example, these days there are specific software applications available which can help you place trades. The software will keep a close watch on the trends in the market and events around the world which impact the value of currencies. Based on the trends you can then place your trades. Once you take care of all these aspects, you are sure to become a successful trader.

If you'd like to try an Automated Forex Robot that has been proven on video to double the deposit of my trading account in under 1 week, visit - Forex Robot Settings

The psychological utility of technical analysis

Today I am starting a series of occasional in one of the most fascinating and essential in foreign exchange trading; the interaction between the psychology of the market and the decisions of the individual trader. I hope that these comments are useful; Reader comments are welcome.

Technical analysis is sometimes studied as if it contains a grain of secret knowledge or portrays an intrinsic truth about currency movements. It is often said that a formation of graphics will produce a specific price movement.

Technical analysis does nothing of the sort. A graph is a reflection of the latest prices, nothing more. In itself a graph can not predict future prices. A currency not trade up or down due to a formation in a graph. Moves because the participants of the market make basic assumptions about the future price behavior based on the record of the last price action. A drawn action of price history is the history of accumulated thousands of commercial decisions. It is a record of the behavior from thousands of individual traders.

Pricing information is significant only because the decisions of the merchant power of prediction. A simple test of limited intelligence ahead of the historic price action is the notion well attest that fundamental events must always take precedence over technical analysis. If the Fed raises rates unexpectedly or the Chinese Government announces that it will buy no longer us treasures there is no formation of graphic that has existed ever will avoid that the dollar's shot in the first instance or falling in the second.

Technical analysis does not cause price movement. Stating the obvious because it is easy to lose sight of the current composition of the market - thousands of individual decisions in the endless attribution of trade cause and effect of 'market'. The mechanism of translation for the technical analysis runs of the information contained in a graph, through the evaluation of the information by the participants of the market for the commercial behaviour of the participants in the market.

Another way to address this idea is to ask you, which is only the 'market' and what you are trying to achieve every day. It is likely that more than 90% of the daily volume of 3.2 billion dollars in the FX market is speculative. This means that everyone in the market of the merchant of hedge fund with $ 1 billion in the service, the trader of euro on the desktop of interbank Deutsche Bank to the retailer in its study, attempts to do the sameyou have House daily commercial benefits.

Curiously, the foreign currency in general worldwide trading volume in 2007, the year of the latest survey, increased nearly 50% of the previous survey of daily $ 1.9 trillion in 2004. The segment information counterpart retailers belongs currency boosted its share of turnover to 40% of 33% according to Bank International payments of Basel (BIS, 2007) carried out by the three-year survey.

To return to an earlier point, if each participant of the market is trying to do the same, i.e. estruje trade benefits from the activities of the day, how all proceed?

The first thing every trader makes, in New York, Tokyo, London and in every land between is looking for business opportunities and pull up graphics. Each merchant looking for benefits is to judge the same graphics. Everyone sees the same history of price, and all identified the same formations potentially profitable graphic. And, in the absence of other factors, the majority of traders at the same commercial conclusion based on the graphic formations observed.

If the euro has been up for two weeks in a canal and close to the bottom of the channel most traders looking for an opportunity in euros are bet on the continuation of the trend above and the maintenance of the channel. Just above the floor of the canal are purchase orders. And much of the time that the graphics will be proven correct, that the euro will be made to bounce from the floor of the channel. But it bounces not because, for example, the ECB is expected to raise rates in the future, but for the adjustment between the objectives, information, and the hypothesis of the traders of the market.

Marketers need benefits, all graphs contain the same information and all operators operating with similar assumptions about the behavior of the market based on chart formations. If enough traders place their orders over the part inferior of the channel is likely that the euro bounce on the floor of the channel and continue the training of the channel on the upside, except external events of course.

There are powerful prophecy self-fulfilling logic in technical analysis, it works, because the world trade believed that it works and makes its trading decisions accordingly. A retailer this knowledge is the most accessible and effective commercial strategy that exists.

Joseph Trevisani
Chief market analyst

FX solutions

Important notice: these comments are only informational purposes. Past results are not necessarily indicative of future results. Futures, options on futures and foreign currency trading involves substantial risk of loss and may not be suitable for all investors. They should carefully consider if the trade is right for you in the light of its circumstances, knowledge and financial resources. You may lose all or more than your initial investment. Recommendations, opinions and market data are subject to change at any time. The information contained in this email does not constitute a request to buy or sell by FX Solutions, LLC., or their affiliates and should not be available to individuals in a jurisdiction where such availability would be contrary to law or local regulation.

(Graphic courtesy of FX Solutions FX AccuCharts.) Price in the first panel, stochastic slow in the second panel; upward trend in green lines; downward trend in red lines; support/resistance in yellow horizontal lines; (Simple moving average of 200-period in light blue.)

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Forex Megadroid - Fledgling Traders Can Find Big Profits With Forex Megadroid

Newcomers to forex trading can depend upon the automatic forex robots to trade for them, even though they really don't know much, if at all, about the forex trading process. Automatic forex trading is truly changing the shape of the forex market, and even beginners can find big profits using Forex Megadroid.

Forex Megadroid 101

Like all automatic forex trading robots, Megadroid is actually proprietary software that is designed to watch the Forex markets 24 hours a day, and make trade investments based on present and future market conditions. Developers who have experience in forex trading, mathematics, and computer programming generally design the robot software. Three men who come from these fields and who worked together to create this new type of forex robot created the Megadroid. What makes Megadroid unique is that it can adapt its trades to market changes, and adjust its trading by forecasting market trends up to 2 to 4 hours into the future. Beginners benefit because the robot trades using its own artificial intelligence. Simply take about 5 minutes to install the software, and it goes to work on its own. It makes its own trading decisions about once each day. It rests on Friday, Saturday, and Sunday.

Successful Traders Make Successful Robot Trading Strategies

Forex Megadroid has taken the place of profit leader with automatic trading that is demonstrated to be successful over 95% of the time. The main thrust of this robot comes from expertise in forex trading gleaned over collective 38 years of experience by its two primary founders, Perrie and Grace. They are known as superstars in the trading world, not only for their successes, but also for their good reputations. These guys were successful at Forex trading using old school manual trades. It makes sense that their knowledge has become an integral part of the way Megadroid functions. Their robot uses algorithms that allow it to perform technical analysis to look for specific signals to trade based on specific market conditions. The algorithms are designed based on their own trading experiences, and their own profit experiences. The acorn doesn't really fall far from the tree. Beginners can learn from these experienced traders, and actually learn from analyzing how the Megadroid trades.

Trading Results Tell The Story

Forex Megadroid trading results are posted on the robot's main website. Quite frankly, their three-digit profits for each year-end balance from 2001 through available 2009 are impressive. Beginners must note, though, that the developers invested approximately $10K in January for each year of trading. The profits reflect this investment amount. While the Megadroid will trade with amounts beginning at $5, traders must accept profit amounts based on this lower investment amount.

So, fledgling traders have the same opportunities to earn profits with the Megadroid as more seasoned traders. Variables will include initial investment amounts, initial installation settings that differ with each trader, and the market itself.

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The art of bargaining in contrast: volume, consolidation, distribution, holders

Traders in a stage of the cycle of market which is one of the most frustrating to deal with, and where more money be wasted trying to find out things. This stage is when we are going through a phase of consolidation, lateral movement consolidate recent made movements, while anticipating a continuation of the previous trend. Consolidation can be extended up to the moment and therefore time, which really naturally results in distribution, (where the active begins to be sold as the realization that has expired the original trend), when there is no more forward momentum. Add in low volume levels, because we now have, and volatility begins to decrease slightly. As market participants comfortable with the status quo.

Volume: When used as a tool of confirmation that the chosen price monitored by other volume is invaluable. But as a count exact, as traders are accustomed to in equity, is like comparing apples and pears; they look good, so much work, taste different, but both have a benefit in use. The volume that we see in the spot forex market reflects very well the real, accounting, volume seen in foreign exchange futures trading. On a day of participation (volume) market higher are more likely to strike at their destination in time compared to a below average volume day.

Consolidation: Protects the current point of prices; not wanting to go up or down. Phases of consolidation generally occur in light volume.

Distribution: Liquidation of positions being held, but he did not want to reveal that he is doing at the same time preparing for a move in the opposite direction. Phases of the distribution are generally heavy, erratic volume peaks as the raw material or asset is liquidated and purchased in small quantities for the distribution group; they have to buy some back to stop the distribution of converting into a sale outside before they end up distributing.

Distribution: A lateral pattern of trade which is caused by the distribution or sale of an asset rather than a reversal of the recent move to happen seems to be happening in the major pairs. They have finished the momentum, and the consolidation phase has now become an investment of distribution; a pivot point.

For experienced market participants, the distribution phase is known for creating the most afraid of market or volatility and is so you can feed a merchant experimented with a plan. There is no real way to confirm the change of consolidation on distribution until it is just that, and at that time the herd mentally tends to over-exaggerate the later movements.

Enter the phase of distribution with a trade has to be well planned, have larger goals and a more flexible thinking process. The herd still has the upside-down as it is the case the phase of distribution, are grazing in the previous trend, happily aware that change occurs in the lists of four hours. Once the market players have distributed their celebration of the previous trend and have been going on than others, is time to inform the herd that things have changed and in his head out of the depresióny to obtain a course of Stampede.

A holder of screaming always is good for something along the lines of; "The strength of the dollar before NFP misery, buy dollars!" Headlines, designed to awaken to the herd, tend to reverse the latest headlines that were there to conceal its efforts to distribute their stock. Yesterday, was "more misery for the dollar as recession looms!".

Volume, consolidation, distribution, headlines; the pattern is, has been for decades and still always seems to work. Are already in the players, have worked in the market of mechanics, have been linked to movements in the Treasury, oil, gold, and futures markets, they have used the commercial experience to know how the volume, consolidation and distribution and are waiting for one thing; the flock to realize that going in the wrong direction.

Are you ready for the holders of the screams? We have already seen the jawboning of political responsibility and central banks. All what we need now is to ensure that players have had their fill and start to push the buttons that will get the herd moving.

Consolidation? Absolutely, we had ten days of consolidation of forex.

Distribution? It seems that the way of Asian trading patterns have developed that distribution has taken place; We have seen sporadic volume and some strange movements, inappropriate.

Volume? There is nothing firm on the levels of market share recently, and that is the perfect foil to do an important job.

Holders? Ah yes, more than enough to begin to realize that someone wants the flock to move.

Daily graphic detail: Take a look; all elders have been consolidated so that are all occupies an area of graphic SMA every day or another. The jumps in these areas in the increase in volume and headlines will be key to be in the next phase of trend. Comes, all we are looking for is a form of volume spike above the norm in a daily closing. Signal the coup of Fund which is the phase of consolidation and distribution a period follows trend of the trade.

Written by the team of trade TheLFB, © 2007-2008 LFB services, LLC. All rights reserved. http://www.TheLFB-Forex.com

Risk TheLFB notice can be found at http://www.thelfb-forex.com/content.aspx?id=174.

Copying, distribution, republication or redistribution of content TheLFB is expressly prohibited without the prior written consent of LFB Services, LLC.

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5 Critical Features for Any Forex Broker

By: Christopher Lewis

When trading the Forex market, there are certain features that you will want to be aware of when it comes to your broker. Below is a short list of some of the most important criteria when choosing a Forex broker:

While this seems like a no-brainer, many new traders do not know about the various regulatory bodies that are out there. If you are using a Forex broker, it needs to be regulated. Also, you should be aware of where it is regulated. This is one of the things most people overlook. As a general rule, you will want to see a country that is known for being business-friendly (at least in terms of the rule of law) as being the country of registration.

One of the most popular places to regulate is Cyprus. This is because the Cypriot authority is a little more lax on its Forex trading laws. By regulating there, you can claim that you are “regulated in an EU country”, which is technically true. But having said that, you could claim to be “regulated in North America” by being registered in Mexico. This implies the same stringent protections you get in the US or Canada. Common sense sees the folly in that argument.

Believe it or not, not all Forex brokers offer charting. This is becoming less and less of a problem, but there are some that don’t. They generally will offer an ECN, or Electronic Communication Network, and sell an add-on for charting such as NinjaTrader. Provision of proper charting is a sign of a broker's integrity - failure to provide this is a sign that they may be less-than-honest.

Not all brokers offer the same currency pairs. Some will offer over 100, while others will only offer the 20 most common pairs as an example. One of the pairs that surprises people the most in this regard is CAD/JPY. Since the Canadian dollar and Japanese yen are both major currencies, most traders assume that the cross pair would be offered. All brokers are going to be different, and a diligent review of available trading pairs is essential. The last thing you want to do is turn around and close out an account right away because of an errant mistake.

Depending on what part of the world you live in, leverage can vary. Leverage gives you the ability to trade large amounts of currency with a small deposit. Some broker out there now offer as much as 700-1 leverage, and depending on your trading style, leverage can be good or bad.

By 700-1, this means that you can control $700 for every $1 you deposit. Because of this, it can supercharge your returns, as well as losses. Leverage is something that should be used sparingly.

It should also be noted that the United States regulatory authorities recently cut the amount of leverage that Americans can use down to 50-1 for major pairs, and 20-1 for crosses.

When you are learning to trade, it is always helpful to have a technical analyst available to read. Some brokers are very generous with their offerings when it comes to this kind of thing, and many are now employing professional technical analysts that post newsletters every day. This can be very helpful for the new trader.

When you are looking to do business with a broker, don’t forget that they are there to serve the customer, and it pays to shop around – just like any other purchase. Forex brokers tend to be very competitive on various features and with a little bit of research you can get a lot more than you realize.

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Forex Investing - What You Need to Do to Enjoy Forex Trading Success

Forex investing is now open to anyone with the rise of online Forex trading but its still a fact that 95% of all traders lose money. However this is simply down to the fact that they get the wrong education and can't get the right mindset, here we will show you how to invest in Forex trading the right way and win.

The first point to keep in mind is that to win, you need to take responsibility for your destiny and beware of all the cheap Forex software sold online. These cheap systems, promise you financial freedom for a few hundred bucks or less. None of these systems produce a real, verified track record and that's why there so cheap. If it was really easy to win and make no effort, 95% of Forex traders wouldn't lose money!

If you want to enjoy Forex trading success, you need to make some effort and get do your homework and learn some skills but for the effort you put in, it will be time well spent and can put you on the road, to a great second or even life changing income.

If you want to win at Forex trading, the next thing you need to keep in mind is you only need a simple Forex trading strategy and you can learn one, in just a few weeks or less. Simple trading strategies work best, as they are robust than complex ones, in a odds based market such as Forex trading. Forget all the people who tell you markets move to science and some hidden order - they don't, you simply need to play the odds to win.

Well it all sounds simple so far! And yes it is, anyone can learn a simple Forex trading system which has the potential to make money but you need to realize its potential, by applying your strategy with rigid discipline and this is the area where most traders fail.

Most traders want to win all the time and think they can trade with no periods of drawdown or losses. They believe all the sure fire trading systems sold by gurus but the reality is you will lose and you can lose for long periods of time. This happens to even the best traders, so don't think you wont have losses you will and you need to deal with them in the right way.

You can make a lot of money at Forex trading but you must learn to keep your losses small, when investing in Forex, it's the foundation of your long term success. You have to see taking losses short term, as the route to making long term profits. If you approach the market wanting to be right all the time, you will lose because you can't! You need to leave your ego behind and take your losses cheerfully and when you get profitable trends run them.

Many traders can lose 80% of their trades but still turn in triple digit profits, because their winners are so much bigger than their losing trades. Focus on long term performance and be patient in the short term and you can build significant wealth over the long term.

Forex investing is an area where everyone has the potential to win but you must understand that learning a strategy is easy, executing your strategy and entering your Forex signals is the hard part!

So if you want to win and enjoy Forex trading success you can; just understand that in terms of investing in Forex mindset is as important if not more so, than your method and you will be all set to enjoy Forex trading success.

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There is three times more capital invested in the commodities and futures markets than in the stock market and trading volume is in the trillions of dollars. Yet the average investor has no idea what drives this invisible marketplace. In many cases, investors do not know who the players are, how the players operate or what motivates them, or even what it takes to participate in this exclusive investment arena.
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Forex Robot Trading Tips and Strategies

Entering the foreign exchange market would be easier and more fun, not to mention profitable, if you had a forex robot to help you out. The software is designed for beginning traders, but is also being used by professionals. This particular financial market has been recently opened to regular and beginning traders like you and me. Before you start out, first pay heed to these forex autocash robot trading tips and strategies.

o The forex autocash robot is a tool. This means that it will be able to help and guide you through market transactions. However, it is not to be used as the main decision maker in the buying and selling of currency.

o Use the forex autocash robot for 24-hour monitoring of your chosen currency pair. The currency market is the only financial market that can do trading nonstop. This is because of its round-the-world characteristic. Professional traders take advantage of this fact and utilize the services of a forex robot accordingly.

o A beginner can start with a tutorial, a virtual trade, or a small amount on a real trade. The forex autocash robot can be tutor, broker, and adviser in one. The big trades can wait until later as more experience is gained and the ropes are learned.

These are the three main forex robot trading tips and strategies for a beginner in the currency market. Take these simple tips to heart, and jump into the lucrative financial market where you will be trading along with big banks and governments of the world.

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Fibonacci – The Leading Marker

By: H. Hamid of SimplyProfit.net

Indicators such as moving averages and stochastics are generally attempting to fit onto a market. They may not necessarily work in all market conditions and they do not have any intrinsic properties that a market has to abide by.

However, this is not true of Fibonacci. What I think makes Fibonacci exceptional is that the Fib ratios are inherently part of natural systems, including the markets. Fibonacci ratios do not have biases for certain market conditions or economic cycles. And Fib ratios aren’t trying to fit a certain style or market; rather they are simply a natural part of market movements.

This makes Fibonacci robust, versatile and timeless.

One of my favourite Fibonacci plays is a retracement from the 88.6% level. This level is derived by taking the 61.8% Fib Golden Ratio, square rooting it, and square rooting it again.

A retracement consists of an initial move, a retracement of that first move, and then the subsequent move from the retracement, like so:

Now when I say, “This is an 88.6% Fibonacci retracement”, all that means is that the retracement is 88.6% of the size of the initial move. So if the initial move was 100 pips up, the retracement would be 88.6 pips down. It doesn’t matter if the initial move was up or down.

Here are some examples of the 88.6% Fibonacci retracement.

Firstly, a 5-Minute GBP-USD chart where the initial move was up followed by a downward retracement:

Now a weekly USD-CHF chart, where the initial move was down followed by an upward retracement:

This is a fantastic example of the accuracy of Fibonacci levels. After the initial move down, the price retraced back up 1,821 pips over 27 weeks, and hit the Fibonacci level within 2 pips! These kinds of setups can allow traders to have single trades that yield over 1,000 pips while still controlling their risk.

And just to showcase the versatility across markets, this is the Daily chart for the NASDAQ stock, Apple (Symbol: AAPL):

Here the stock price moved down over $27 in four days, then retraced to within a few cents of the 88.6 level, before moving down again.

When I trade a Fibonacci retracement, I like the price to hit the level and move away within one or two bars of the timeframe I am using, i.e. not hang around the level for several bars. In the three examples above, the price bar hit the 88.6 level once, and once only. Secondly, I like the level to be respected cleanly: the price shouldn’t penetrate the level significantly; rather it should hit the level accurately.

I always trade with a stop, and my profit target is where the retracement started, i.e. the end of the initial move up or down. Often the price will surpass that target but I am happy to take my profit at this point. I will only trade this setup with a good risk/reward ratio, usually 1:2 or greater. If I can’t find a place to keep my stop at a reasonable distance compared to my target, I will pass on the trade.

So what can we learn about Fibonacci?
1. Fibonacci principles are timeless. You won’t find yourself needing to tweak or abandon Fibonacci ideas when markets change.
2. Fibonacci principles can be used from the smallest time frames to the largest.
3. Fibonacci has no biases for certain markets: you can use them on anything that has a chart, from a stock, a currency pair, a metal or even a complex derivative.

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Forex Social Platforms - an Opposing View

By: Christopher Lewis

Over the last couple of years, there has been a push in the Forex world towards social media. Many traders find themselves attracted to websites such as Currensee and eToro as possible places for trading ideas. Most of these places will give you an opportunity to follow a particular trader, some for free and some for a small cost. The ability to see what other traders are thinking is in theory a huge advantage. But the question remains whether or not these websites can prove to be helpful for the new trader.

In order to fully understand the concept, let's take a look at some of the potential advantages of social Forex trading platforms. It is by breaking down the advantages into small pieces that we will begin to understand the worthiness of these websites.

One of the first things Forex social trading platforms tout is the ability to follow winning traders. The truth of the matter is that winning traders on social platforms tend to be new traders themselves. It is ridiculous to think that somebody who just started trading is somebody you should follow. While it is true they may be on a hot streak and up 317% over the last three weeks, the reality is that sooner or later they are going to start taking losses. A trader like this is undoubtedly leveraging their account way too high. While he gives them great looking gains, the losses when they start taking them are going to be absolutely disastrous. It is because of this that you see a revolving door of "winning traders".

The other big thing that Forex social trading platforms promote is the ability to see what other traders are thinking. While in theory this sounds like a good idea, the reality is that the average trader on these platforms hasn't been trading very long. Because of this, their opinion may or may not be founded on reasonable analysis. Quite often you will see large amounts of these traders buying at the absolute top, or selling at the absolute bottom. You must know that even the most experienced professionals are taking losses, and as such you should be careful following their thought process. So when it comes to the thought process of somebody who's only been trading Forex for three months, the odds of it being a winning thought process diminish greatly.

Many of these social platforms are simply ways to make money for the owners. It might be through advertising, it can also be through referrals to brokers, or possibly even a situation where the broker actually owns the social platform. It is in the broker's best interest to have you trading is much as possible, and with as much leverage as possible in order to separate you from your money as quickly as possible. 

*The opinion presented in the article is that of the author alone, and does not represent the opinion of DailyForex.com

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Forex Trading For Newbies

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Forex Robots V Forex Courses - Which is the Best Way to Enjoy Currency Trading Success?

Most traders who want help in formulating a currency trading strategy either buy a Forex course or a Forex robot but which is the best method to lead you to currency trading success? Lets look at both options.

On the fact of it Forex robots look the better option because you have to make no effort and they promise you an income for life for around a hundred dollars. Now you may be saying that looks to good to be true and you would be right it is - all the cheap software packages you see sold online will lose you money. If they really made money, the vast majority of traders wouldn't lose money and they do and let's face who wouldn't buy an income for life for a life for a hundred dollars?

So can Forex courses lead you to currency trading success?

The answer is you do have to work but the good news is they normally come from experienced traders who give you proven strategies you can apply for profit. In addition, a good course will show you in live real time trading how the tools work so you can get confidence in them for when you come to trade on your own. All the best courses will have money back guarantees so if for any reason you don't think the course ore currency trading are for you get you money back.

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4 Main Risks Involved In Futures Trading

There’s no doubt that futures trading is inherently a risky business. Anyone who tells you it is 100% risk free is either ignorant or trying to sell you something. The truth is futures trading is a gamble. There’s no telling when you are going to win or when you are going to lose. The best strategy is to play this game based on the cards you have and hope for the best.

Futures trading does have huge rewards if you win and that’s probably the reason many people are attracted to it. However the chances of you losing big is just as great if not greater particularly if you are new to futures trading.

I outline the 4 main risks when trading in futures. You might want to read further before deciding futures trading is suitable for you.

1. Speculative Business

Futures Trading is speculative in nature. No matter what the experts tell you or predict, it is not always 100% accurate. Take it with a pitch of salt. The best investment strategy is not to put all your eggs in one basket, divesting your investment among different financial instruments.

2. Financial Backing

Futures Trading requires a large capital outlay at the beginning which is expendable. Therefore it is definitely not for the faint of heart. If you are thinking of making money in futures trading to pay your bills, then my advise is don’t. You should not use money to pay your bills/loans/grocery to dabble in futures trading. Only use money you can afford to expend.

Ideally, a person who wants to play in futures trading should have at least $10,000 USD in his/her personal trading account.

3. Technical Knowledge

Futures Trading requires an intimate knowledge of financial instruments. At the very least, you should be knowledgeable in the 4 main investments categories namely, income, growth, speculation and inflation hedges. Without adequate knowledge, it will restrict you to where you can invest on the market and lose potential revenue on a particular sector of the financial market.

You might be thinking I can always rely on my broker for advice. While it’s good to seek the advice of someone knowledgeable, you should be able to make intelligent decisions on your own and the only way to do that is if you have sufficient knowledge.

4. Only Invest What You Can Lose

I would not advise someone new to trading to dabble in futures simply because of the risks involved.

You should have a balanced portfolio with only a certain percentage invested in futures. My advise is about 10% but that depends on your financial standing and your investment strategy. In general, only use money that you can afford to lose in futures trading.

The 4 main risks I outline above is not meant to discourage you from futures trading. What I want to make clear is you fully understand the risks involved and also what you need to do to better your chances at winning in futures trading.

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Fibonacci and Forex: The Natural Connection

By: Huzefa Hamid

I am very pleased to have been invited by DailyForex to write this short course on Fibonacci. Together we’ll begin with the basics of Fibonacci and build on the concepts until we reach the stage of being able to plan trades. We’ll round off the course by looking at actual trade examples, including some trades that I have taken myself.

So this is where it all begins: the “Fib Numbers”. Leonardo Fibonacci was a 13th century Italian mathematician who made popular a simple sequence of numbers that came to be known as the “Fibonacci Number Sequence”.

The sequence is this: starting with 0 and 1, each number is the sum of the previous two numbers. So after 0 and 1, the next number is 1, followed by 2, followed by 3, then 5... you get the idea. The number sequence goes on forever, expanding to infinity:

0
1
1
2
3
5
8
13
21
34
55
89
144
233
377
610
987...

These numbers have some unique properties. Let’s take two consecutive numbers in the sequence: 21 and 34. If you divide one by the other, 21/34, you get 0.618. If you take any other two consecutive numbers, for example, 144 and 233, and divide one by the other, 144/233, again you get 0.618. It doesn’t matter how far down the sequence you go, you will always arrive at 0.618 when you divide one number in the sequence by the next one along.

This particular ratio, 0.618 (or 61.8%) is known as The Golden Ratio.

Aside from 61.8%, there are other ratios present in the Fibonacci sequence. The next ratio is found by taking a Fibonacci number and dividing it by the number two places along in the sequence. For example, if we pick 21, we would divide it by 55, which is two places along. This gives 0.382 (or 38.2%). You would get 0.382 no matter which number you started with as long as you divide it by the number two places along. So, 89 divided by 233 is again 0.382.

Continuing with this idea, if you divide a Fibonacci number by a number three places along in the sequence, for example, 55 divided by 233, you would get a new ratio: 0.236, or 23.6%.

So far, we have discovered three common ratios in the Fib number sequence:

0.236 or 23.6%
0.382 or 38.2%
0.618 or 61.8%, also known as “The Golden Ratio”

This is all great: it’s an interesting idea, but where does it lead us in our journey as traders?

The reason this series of numbers, and its associated ratios, are still being discussed centuries after first being widely known, is because they are found everywhere in nature, and today they are found in the markets.

For example, the human body is built around these ratios:

From the foot to the naval, to the head, the common ratios of 0.236, 0.382 and 0.618 are found in the proportions of the human body.

The proportions of DNA strands are also in line with the Fibonacci ratios. So are the proportions of the Moon to the Earth and even Saturn’s rings. The Greeks, over two thousand years ago, used the Golden Ratio when designing the proportions of the Parthenon, as did the Egyptians when calculating the size and height to build the Pyramids. Flowers more often than not have precise “Fib” numbers of petals, such as varieties of daisies with 55 petals and 89 petals.

Given that Fibonacci ratios are present from the smallest in DNA to the largest in planetary systems, it’s no surprise that these same ratios are seen in the way price moves in the market.
Let’s take a look at an example of price moving in harmony with The Golden Ratio. This is a daily chart of EUR/USD.

The price moves from the major low, at Point 1, to the major high at Point 2, then retraces 61.8% of that distance, before moving off again to continue the original upward trend.

What ratios are we going to use when trading?
Aside from the three ratios discussed, there are other ratios that are used by traders (and also found in nature for that matter). Three more common ratios are as follows:
0.786: the square-root of The Golden Ratio
0.886: the square-root of 0.786
1.618: the inverse of The Golden Ratio, i.e. 1 divided by 0.618
To summarise:
1. Fibonacci begins with a simple sequence of numbers, each number being the sum of the previous two
2. Dividing consecutive numbers in the sequence, and numbers separated by one or two places, gives the common Fibonacci ratios: 0.236, 0.382 and 0.618. The last ratio, 61.8%, is also known as The Golden Ratio
3. These ratios are found in nature and are also found in the way price moves in a market
What’s next...?
Next week, we’ll begin examining how price moves in a market and how Fibonacci ratios are tied in with those movements.
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