WINNING FX TRADING

About This Book

This book is intended to introduce the novice investor to the exciting, complex, and potentially profitable realm of trading world currencies on the foreign exchange markets (FOREX). It also serves as a reference guide for stock and futures traders who wish to explore new trading opportunities. My primary focus is on the rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX.

From the beginning I must emphasize that currency trading may not be to everyone’s disposition. The neophyte investor must be keenly aware of all the risks involved and should never trade on funds he or she deems necessary for survival. Currency trading is a form of speculation—attempting to profit by absorbing a risk that already exists. This differs from gambling in which one creates a risk in order to take it. Savings and investment should be covered before considering speculation. If you have some experience with leveraged markets such as futures or options, you owe yourself a look at FOREX. Those who have never traded will find it the most laissez-faire of all speculative adventures.

BROKER:

How This Book Is Organized

There are six main parts to this book:

1. Part 1—The Foreign Exchange Markets

The FOREX Landscape, A Brief History of Currency Trading, Two

Ways to Trade FOREX.

I open the book with a brief overview of the FOREX markets, an event-by-event–based historical overview of currency trading, and the two primary methods for participating in the markets as a retail trader. I hope to dispel any myths the reader has about FOREX.

The FOREX Landscape 3

Introduction—What Is FOREX? 3

What Is a Spot Market? 3

Which Currencies Are Traded? 4

Who Trades on the Foreign Exchange? 4

How Are Currency Prices Determined? 5

Why Trade Foreign Currencies? 6

What Tools Do I Need to Trade Currencies? 8

What Does It Cost to Trade Currencies? 9

FOREX versus Stocks 9

FOREX versus Futures 10

Summary

A Brief History of Currency Trading 13

Introduction 13

Ancient Times 13

The Gold Standard, 1816–1933 14

The Fed 14

Two Ways to Trade FOREX 21

Introduction—Futures Contracts 21

Currency Futures 22

Contract Specifications 22

Currencies Trading Volume 23

U.S. Dollar Index 23

Volume and Open Interest 24

Where to Trade 25

FOREX Futures 25

Summary 25

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Hi, I’ve found another powerful forex trading strategy and this is called “Master FS Forex Trading Strategy”. I like the way Master FS Forex Trading Strategy delivers signal to the traders. It tells everything about the existing market conditions. This forex trading system lets you know whether you should buy, sell, or hold. Also, it tells you if the ongoing market trend is strong enough to execute your positions. Accuracy of this forex trading strategy is the only thing that makes me fall in love with this strategy. This forex trading system heavily based on moving averages.

There are 17 indicators altogether in this forex trading system but we will use only 6 of them as they are the major signal generator indicator. Even if you are beginner you can start trading right away using this forex trading strategy but you should have the basic concept of the market trend. When you successfully install Master FS Forex Trading Strategy in your MT4 it will look like this:

Aprendamos en detalle sobre el indicador Master Fs Forex Trading Strategy.

Descripción general de los indicadores de estrategia comercial de Forex Master FS

Pallada SE Bars

Pallada SE Bars indicator is one of the major indicators of this forex trading system. These bars help you know the general trend of the market at a glance. When the bars are blue it indicates current trend is up and the red bars suggests downward pressure.

Moving Average

There are two moving averages of period 30. One of them is applied to high price and another to low which makes these two moving averages move in a channel. These two moving averages help to verify the trend of the market. When market is above these moving averages it is an uptrend and vice versa.

Arrows

There are arrows with different color in this system. Any arrow pointing upward is an indication of buy signal and any arrow pointing downward is a sell signal.

MACD

MACD has an oscillator and histogram. You can ignore red oscillator and simply focus on histogram. When histogram is positive, it means market is under the control of bulls and vice versa.

Trend Alex

This indicator shows the overall summary of moving averages on different time frames. When multiple time frames show same thing that trend is strong. And this indicator also gives the summary of the market condition. It tells you whether to sell, buy, or hold.

GMACD 2

This indicator lets you know if the market is up trending or down trending. If the indicator is green, it is a positive signal and the red indicates negative signal.

Master FS Forex Trading Strategy: Buy Parameters