My Revolutionary Trading System

My Forex Trading System is extremely simple and yet
highly effective. Below is a brief preview.

WHAT YOU NEED TO GET STARTED;

1. A computer, Internet connection,
2. A system to trade with such as my Pivot trading system.
3. A funded account at a forex market maker broker

You only need a few tools to locate profitable set-ups:

• Price

• Price Bars

• Exponential Moving Averages

• Pivot Point

• Breakout/test/violations

• Trend line breakout

That and of course your passion to succeed
is all it takes in this wonderful business
of Forex trading.

No other bells and whistles or toys are
required - contrary to what you may have
learned before.

The hardest part for you will be to
"unlearn" all the nonsense you've been
fed about trading prior to coming here.
(Just give your head a good shake;
maybe it will go away).

CHARTS

I use mainly daily, hourly, 15 minute,
and five minute charts. The daily chart
will help you define the overall trend
from a position trading point-of-view,
and the hourly chart will give you a
feel for the intraday trend.

The 15 minute chart is used for entry
and exit - with assistance from the five
minute chart, where price is moving
quickly, and you need to be closer to
the action. Please note that the five
minute is not to be used for scalping,
as there is a lot of noise there,
and you could easily get whipsawed.

Make sure you are using charts that
are generated from the same data source
that feeds the dealing engine, as is
the case with both platforms mentioned
above. That way, what you see is what
you get when you buy or sell. Some
charting packages do not accurately
reflect where price is at any given
moment in time.

PIVOT POINTS

My trading system is based on pivots.
Pivot points are targets, or mile markers,
used for assessing price movement and
determining direction.

If you're unfamiliar with pivot points
and how I use them, below is an overview.

Used by professional floor traders, pivot
trading is one of the oldest and most amazing
technical trading methods available.

Professional traders calculate pivot points
in preparation for each trading sessions.
The pivot lines system is an indispensable
guide for making profitable decisions.

For an active trader, the pivots can mean the
difference between winning and losing.

The Pivot techniques work well in markets with
a wide daily trading range, such as the Forex.
Pivot lines steers traders away from "no man's
land" and identifies "high activity" areas in
which the equity has a high probability of
reversal. These areas are important trading zone
watched daily by floor traders and computer
trading systems.

The levels for the trading ranges and pivots
are the support and resistance levels of the
market in the next time interval.

It is important to note that the predicted
levels only give the range in the next time
interval. They do not indicate when the levels
will be reached by the currency price action.

The pivot is a level at which the underlying
asset can be expected to change direction
and/or move rapidly away from.

There are other pivots program that provides not only Pivot,
R1, R2, S1, and S2, but also the
M1, M2, M3and M4 points as well
It is common to find
many traders calculating only the Pivot, R1,
R2, S1, and S2 levels. In the Forex market,
however,Though this additional points
of support and resistance are found
to be very significant
indeed.But i need to tell you that they
are points within points
What i mean is that these M Levels are middle
points of the Support and the
and the Resistance level.They are important
But a servant can never be superior
to the BOSS.

After you have calculated the pivot numbers
for the day, place horizontal lines on
your 15 minute and 1 hour charts at the
pivot numbers for the day, or at least as
many lines as your chart has room for.

These pivot points will guide your trading
throughout the day.

INDICATORS
I would have really love to only espouse one - MACD
(for divergence only).

But The only Reason Why I prefer EMA to MACD
Is Due To The kind of platform
I use,mt 4.The uses of MACD On a platform of
Companies like Fxsol is OK.
You would enjoy their
MACD.I don't Use Them Because As at The Time i was
trying to choose a broker they were not
accepting Nigerians.So i switched to meta4 platforms
Since The MACD Is not efficient,I neede to find
alternatives.Then that further lead me into research
the product of my research is THE EXPONENTIAL
MOVING AVERAGE.{EMA}
So On meta 4 i use EMA and there have never been going back.


Wheeew!!! Thats enough for today.

I will give you more
information in my subsequent publications
on my revolutionary trading system.

To our Successssss.

MY PROFIT MAKING STRATEGIES.

I hope by now you are familiar with definitions of terms in the Forex world and how the market really works.Now the next question is where is the money in this business.Before you today is a detailed information that would point to you where the money is in the online forex business and how you can get it.I bet you nobody would give you the information i am about to give to you for free.The truth is there is no born GENIUS,They only worked their way there.You too can start projecting entries and exit like a pro-gen(My Vocabulary) at least to a percentage of 80.Enough of the stories and lets get started.

The First Indicator i would love to talk about is the BOLLINGER BAND.But let me say this from the onset that there is need for you to forget about all those junks you have read or you have been told just prepare your mind to receive a fresh information.I just need you to pretend like you have never heard about it .
So Lets Go There like my Guys would say!!!!!!!!!!!!!!!!!!!!!!!!!

BOLLINGER BAND.
Bollinger band are use to measure the market volatility.......BASIC.I would go on further to say with bollinger band you are sure to know the range,boundaries of the market.This tool makes us know when the market is QUIET and when the market is LOUD!We have the upper,middle and the lower bollinger band.And price tend to approach this bands e.g when the price is at the upper band,it always try to find its way towards the middle part and then the lower bollinger band and vice-versa.With Bollinger band you can easily predict when the market is about to explode.So what i am trying to say in 4 or5 lines are
*Bollinger band is use to know the market range.
*Bollinger band is use to know the volatility of the market
*It would always approach the lower to middle and then to the upper bollinger band or from the upper bollinger band through the middle and then to the lower band
*Bollinger band is use to predict explosion.
That is all you need to know about the Mr.BOLLINGER BAND.You just go straight right away to your chat find the indicator list and click on bollinger band to see what it looks like.

PIVOT POINT
Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading; while 4 hour pivot points are useful for intraday trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect.

* Daily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT.
* 4 Hours pivots are calculated from previous 4 hours bar which ends at 2100, 0100, 0500, 0900, 1300, 1700 GMT.
* The pivot levels and charts are updated throughout the day to cater for data adjustments during the day.
* Choose the currency pair on the right menu for charts showing pivot levels.

We will stop here for today,and continue in our next post.
Till Then,
Happy Trading.

INTRODUCTION.

The currency (foreign exchange) market
is the largest and oldest financial market
in the world. It is also called the foreign
exchange market, or "FOREX" or "FX" market
for short.

It is the biggest and most liquid market
in the world, and it is traded 24 hours-a-day .

The forex market is a cash (or "spot")
inter-bank market. By comparison, the
currency futures market is only one per
cent as big.

Foreign Exchange simply means the buying
of one currency and selling another at the
same time. That's it!

In other words, the currency of one country
is exchanged for those of another. The
currencies of the world are on a floating
exchange rate, and are always traded in
pairs - Euro/US Dollar, US Dollar/Yen, etc.

In excess of 85 percent of all daily
transactions involve trading of the major
currencies:

- US Dollar,
- Euro
- Australian Dollar,
- British Pound,
- Canadian Dollar
- Japanese Yen,
- Swiss Franc

Unlike the futures and stock markets,
trading of currencies is not centralized
on an exchange.

Forex literally follows the sun around
the world. Trading moves from major banking
centres of the U.S. to Australia and
New Zealand, to the Far East, to Europe
and finally back to the U.S.

In the past, the forex inter-bank market
was not available to small speculators
due to the large minimum transaction
sizes and often-stringent financial
requirements. Banks, major currency
dealers and the occasional huge
speculator used to be the principal
dealers. Only they were able to take
advantage of the currency market's
fantastic liquidity and strong trending
nature of many of the world's primary
currency exchange rates.

Today, foreign exchange market maker
brokers are able to break down the larger
sized inter-bank units, and offer small
traders the opportunity to buy or sell
any number of these smaller units (lots)
form their PC's

These brokers give virtually any size
trader, including individual speculators
or smaller companies, the option to trade
the same rates and price movements as the
large players who once dominated the market.

Market makers quote buying and selling rates
for currencies, and they profit on the
difference between their buying and
selling rates.

===How the Retail Spot Forex Works===

When you use retail spot Forex software,
it only requires an internet connection to
trade real-time. No extra data-feed is required.

All online Forex brokers' software is real-time,
rather than delayed. If you download a free
30-day demo of the software, you can "practice
trade" in real-time with the exact same quotes
as a live account. The software is exactly the
same, and you receive virtual money for the
account.

You are then able to enter trades in real time,
and monitor them just as though it were a
real account.

You will experience no difference between the demo
account and a live account. When you log onto your
trading platform, you see your price quotes, and you
simply click on the price to sell or buy. It will ask you
how many lots or contracts you want, and then you
click ok, and you are in.

You can also use the charts they provide with the
trading platform; they will reflect the movement of
the real-time price of their trading platform.
With those charts, you usually have the ability to
place horizontal lines where you choose (pivot numbers).

Each currency is quoted with a "pip spread". This is
how the dealer makes his money. With most online
retail brokers, there are no commissions. For example,
I want to buy the Swiss Franc, and the current quote is
1.7205/1.7210. The dealer will give me the 1.7210 price,
and I would start the trade -5 points which equals $30.00
(for a stand lot).

In my trade window, I would see my money change as the
market price moves back and forth. As it moves in my
favor, my negative position is removed as soon as the
market is trading 1.7210/1.7215, or higher.

In the spot forex market, it is common for currencies
to move 100 to 300 pips/points in a 24-hour session.

If you like volatility, there is no currency more volatile
than the Franc.

If it's action you're looking for, like Mr. Magoo driving
a sports car, then the forex is the place to be.

Thats' enough for today.

I will discuss what you need to get started profiting from the Forex
using my Profit Making Strategies trading strategies. Don't miss it, you will
be amazed.

Until then, happy trading!

INTRODUCTION TO THE FOREX MARKET

LET'S BEGIN

Hello Guyz,

*** Stop What You're doing and consider this ***

I'll show you how you can get your share of this
US$3 trillion-a-day market. You'll think you've died
and gone to Heaven when you find out how easy it is
to mimic the pros.

Every day, 3 trillion dollars float through the hands
of people who aren't any smarter than you or I are.
It doesn't make any difference if you're an accountant,
baker, butcher, retired sea captain, homemaker,
airline pilot, surgeon - or cop on the beat.

If you're willing to take some direction, you deserve a
nice piece of the action. You'll never have to learn zip
about currencies. You will learn the techniques and
strategies to go out and claim what is rightfully yours.
Play right along with the giants of world commerce. You
won't be on the outside looking in; you'll be enjoying the
thrill of a lifetime, riding on their king-size coattails.
TRADING THE FOREX DESERVES YOUR SERIOUS CONSIDERATION.

Forex trading has enjoyed exponential growth and
widespread popularity over the past few years. It is only
now that online foreign exchange trading is starting to
get noticed.

Until recently, large international banks were the big
dogs in the foreign exchange (FX or forex for short)
market, selectively allowing access via telephone
trading to Fortune 1000 companies, large funds,
high-net worth individuals, etc..

But now, there are online trading firms that provide
individual traders like you and I with direct access to
the largest, most liquid financial market in the
world - the forex. A lot of traders seem oblivious to
this market. This unfamiliarity is the root cause of
misconceptions about this exciting market.

Spot foreign exchange is the ideal market for active
trading - more leverage than equities/futures/options.
The market is highly volatile, has a tendency to trend
strongly, and actively trades 24 hours per day. There are
no limitations on when one can short a currency.
Currency traders can make money when a currency is
becoming stronger or weaker.

That's it for now. Very soon I will be posting you
the "skinny" on how the Forex works and how you can
profit from it big time.Until Then I will keep you posted

To Our Success.

YOU CAN BE A WINNER

Why Traders Fail In The Online Forex Business.
0nline Forex Business is a very lucrative way of making money as they say, just like any other business.But listen to this fact before you get everything mixed up,Online Fx is a kind of business that can change your status depending on the overall outcome.The Outcome i am referring to here could either be positive or negative.While it is a good way to get yourself empowered financially it could also be the very way that could lead one to the grave of poverty,i think you are hearing from an authority who had seen it all and that's the BASIC.
Now i know you have got a lot of question on your mind right now and one of them could be DOES
THIS BUSINESS REALLY WORKS?If Thats what is on your mind i think i guess right.And the answer is a capital YES.As long as there would be chat movement up and down,Forex business would continue to exist and thrive. That is the most honest and reliable answer you can always rely on.Then next question could be why do people fail in this business?The answer to this question is quite complicated but yet simple its embedded in the answer that had been the solution to most complicated problems in the universe and the answer is found in the book i treasured most THE BIBLE.Forget that now,This is not a religion talk i am just trying to excerpt a word and the word is "YOU SHALL KNOW THE TRUTH AND THE TRUTH SHALL SET YOU FREE".I need to make you know this was a sentence that kept going when the journey was tough and rough.My thought was if i am still failing in this business it means i have not gotten the fact about the business and until i do just that i would continue to wallow in the mud.And i began my search for the golden QUEST.HOW DO I BECOME SUCCESSFUL IN THIS BUSINESS?
If there is anything i would want you to always remember,its that,Online forex trading is like a normal business and should not be taking for something lesser than that it is not a get RICH -QUICK-SCHEME.I must tell you folk,forex business involve three things,they are;hard work, hard work and hard work.Apart from the fact that you would need to acquire the skills for you to succeed,make your own personal research,test your trading system to verify whether they can do what they claim to do ,this alone might take you more than six[6] months until you do this don't think about committing your money into this business.Another important reality is;FOREX BUSINESS IS NOT MEANT FOR EVERYBODY.Therefore,forex is not a get-rich-quick syndrome so get that off your mind and lets get to do the real thing which is acquiring the needed skills from a sound teacher who is also a trader and not just an instructor.

For you to become the profitable trader you 've always dreamt of,you need to ensure this ten[10] forex commandments which are;

• Acquire the basic necessary skills from a teacher who is also trader

• Build up yourself,this involve constant updating; treating every information that comes your way as if you have never seen them before even when you are quite sure you know its content.

• Choose the right broker

• You must have the right mindset to accept loss;loosing is part of the business treat it the way you treat your profit.

• You must also have mental fitness to bear the profit,do not be in a rush to get out of the trade

• You must have a goal,a trading plan and a trading system;this include the currency pair you want to be trading,the amount of loss and profit you re ready to accept,the trading session you want to be trading,are you a technical analysis trader or a fundamental analysis trader?

• There is no point having a trading plan you wont follow so please follow your trading plans

• You must recognize your weaknesses,accept them,correct them and keep moving

• You must have a trading journal where you keep the inventory of what happens daily in your trade,not also forgetting the importance of strict money management.
  

• You must have a mentor in this business who had gone through what you are experiencing

If you 've failed in this business or you re still experiencing some set back,it must ve been as a result of disobeying not just one of this commandments, meaning there is always a chance for amendments.
However,if you 've been a victim of loss in this business,and you still have a feeling that this business is meant for you,then never give up,its time to get up and win.
you can please send your comments and contribution to my e-mail; i­_oluwasegun@yahoo.com

To Your Success.

SETTING UP A CYBER CAFE IN NIGERIA

Your Internet Needs and Focus When choosing an ISP, or starting your Internet experience, you must have a focus. Decide on what you want to use the Internet for - now and in future. What are your aims for using the Internet?



Awareness There must be some form of Internet awareness, possibly through observation, exposure, training and experiences. This exposes one to what the Internet is being used to do presently, and its future potentials. This should additionally equip the participant with information on Internet requirements, as well as knowledge of the Internet situation in Nigeria.

With such awareness one is equipped to make wise choices on issues relating to the Internet, which will crop up from time to time. Issues such as choice of Internet services, ISPs, hardware requirements, security considerations, etc.

So after awareness, how do you choose your ISP?

Some ISPs tend to be more expensive than others. Of course cost is important. But cost shouldn’t be your only yardstick in taking a decision. Your decision should be based on affordability and who best meets your needs and requirements.

Type of Access An issue that also needs to be cleared is the form of access. Is it dial-up or wireless access? Again cost is an issue here as Wireless is much more expensive since what you have is a permanent connection to the Internet, unlike dial-up. What do you need to do and how often will determine your form of access.

Whichever form of access you choose, your ISP must be “strong”. A critical factor to be considered when choosing an ISP is the technical strength of the ISP. This refers strictly to the technical capability of the organization. Is it well staffed with the sort of personnel that can handle technical issues on the Internet? For example, Internetworking software or hardware, web development, capacity planning, setup and installation, troubleshooting, etc. Staff must have the right qualifications, experience, skills and knowledge.

Technical Strength Of major concern to you must be whether the ISP has the technical capabilities to meet your present and future Internet requirements. The ISP itself has to tell you what its technical strength is like, i.e. in terms of personnel and equipment. In view of the number of “cowboys” claiming to be ISPs, such information provided by the ISP should be verified. Always ask technical questions, no matter how awkward. Is onsite support available? What is their response time to issues like? Is emergency support available? What are the limits, if any, on disk storage, e-mail or other Internet traffic?

Busy signals are an indication of performance problems that affect Internet usage. What is the ISP’s policy on busy signals? How busy are their modems? When are the peak usage hours? How will the ISP protect you from busy signals? Failure to demand for truthful answers can eventually turn out to be costly in terms of time, funds and opportunities.

Professionalism: The professionalism of the prospective ISP is equally important. How professional is the outfit’s customer service? Are they the sort who promise heaven but deliver hell? You have to be careful not to be taken in by sugar coated stories, or window dressed adverts. Always separate the hype from the real facts on the ground. Are staffs courteous, trained and professional? Remember you’re the customer. How are you treated when contacting the ISP? Was your call or request treated in a professional and timely manner? Or are you given the impression when you make enquiries that you are “disturbing, or asking too many questions”?

The Internet gives the ability to work (send e-mail, retrieve information, upload data, etc.) in an efficient and timely manner. Don’t allow an ISP to be your stumbling block.

Total Internet Solutions Additionally, assess the ISP’s attitude to Total Internet Solutions (TIS). Any truly professional ISP should be able to provide TIS, not just an Internet connection. Can the ISP fulfill all your needs? Can it provide services such as Domain Name Services, Onsite installation and maintenance, Web services, Internet security services, and Network Consulting? It is important that you identify and choose an ISP who is focused on solutions - TIS. Providing an Internet connection is not enough.



Cost The cost of the Internet service is of course important. But it must be stressed again that cost should not be the sole determining factor in choosing an ISP. Some ISPs might offer very cheap rates, as a way of attracting customers, while the quality of their service is very poor. In such a situation, you find that your Internet service is actually very expensive as the only Internet services you’re paying for are excuses and busy signals.

Charges/ Payment Methods In addition, how does the ISP charge for its services? Are charges based on flat rate access (which requires you to pay a fixed amount for a given period, independent of usage), or usage access – “pay-as-you-go”. The charge / payment method used by the ISP must be one you are comfortable with, and must make financial sense to you. You must have a focus on how you want to use the Internet. Furthermore, are there any hidden or extra charges?

Track Record Another crucial factor is the track record. What is the track record of the ISP? This could be track record of the ISP itself, as well as the track record of key professionals in the organization. With regard to the track record of the ISP, the ISP should be able identify successful working sites as evidence of past and current performance. The previous performance of the key professionals is important, especially if it is a new ISP, with a few clients. To really assess the track record of the ISP, it is important that as a prospective client of the ISP, you meet with some clients of the ISP independently and ask for their honest opinion on the ISP’s quality of service. Don’t regard this as going behind anybody’s back, instead consider it as: looking after your own interest.

In assessing information obtained from such organizations that use various ISPs, ignore or discard any information that appears tainted with any form of bias or sentiment. Only deal with objective assessments based on actual experiences, before coming to a conclusion.

The future What is an ISP’s plan for the future? This is important since the Internet is a medium for the future, and in view of the rapidity of developments on the Internet. Does the ISP have an idea of how it will offer quality services in future, not just today? Anything as dynamic as the Internet changes daily. Does it have any future plans, or it is just going along for the ride? What are the ISP’s growth plans? If such plans exist are they realistic? Simply put, the ISP must have a vision of the future. The ISP’s vision of the future depends to a large extent on its understanding of the future.

There is no room for compromise. Go for an ISP that understands the future - of Internet. By doing this one is securing a fruitful, long-lasting and problem-free Internet experience. The ISP’s vision of the future influences its internal training programme. A lot can be detected by observing its attitude towards training. Does the ISP invest in training? And if it does, is it practical, result-oriented, and in line with its vision for the future? Or is it simply to give the “techies” a break?

Again, with respect to the future, ask specific and relevant questions. For example: Is there a plan to upgrade bandwidth in future? When and by how much? Ask for, and demand for, straight answers. Remember you’re the one paying. Remember you’re the one who will lose business if things go wrong. Understanding and managing the changes that occur on the Internet is absolutely fundamental to the growth and stability of an Internet Service Provider.

Lifelong Awareness When one is aware about the capabilities and concepts of the Internet, it will be much easier to make the right decision concerning your choice of an Internet Service Provider. Most of the awareness will have to be acquired on a Do-It-Yourself basis. Individuals and organizations have to devise ways of continually updating themselves on the Internet, by observing trends and happenings in the Internet sphere. How else will you know if techniques and products your ISP uses are current and capable?

Observing trends, especially in the international market, can be useful in assessing online services. What are the implications of new technological developments? How are mergers going to affect current users, or any new users? Internet awareness is a practical, ongoing activity that is critical to your making the right decisions on Internet issues. Internet awareness is not simply limited to Internet concepts and services, but should be a continuous exercise.

Be Wise Assessment of ISPs can be done either by you if you are sufficiently Internet literate and aware, or you could use a consultant who is experienced in such activities. ISPs shouldn’t be chosen carelessly using sentiments, flashy adverts, or other unsound criteria, when a careful and thorough assessment can be done. Most ISPs, being organizations managed by human beings, are not perfect. Some may be strong in one area, but weak in another. Choose an ISP that best fulfills all your needs.

Dependence Like most successful and productive IT driven services, you may quickly become dependent on the Internet as a means of conducting your activities - business or social. In today’s Information Age, many use the Internet, for business, to make immense impact and gain high value at low cost.

Selecting your ISP carelessly can deprive you of the tremendous social, educational and commercial benefits of the Internet. In your own interest, you better choose your ISP wisely.

By

Jide Awe