GOLD TRADING SYSTEM 90 WIN - forex trading tax advice

GOLD TRADING SYSTEM 90 WIN ~ forex trading tax advice

I have become disillusioned by automatic trading systems and sought to find a viable manual trading system or at least piece one together, test it, and become proficient in it enough to make steady money with it - this is what I have done with this system.

It is used on a 1hr spot gold chart and takes time into consideration for opening a successful order to take advantage of cyclical price acceleration at the given time. In the this case, during my observation and manual testing (with real money) for the past 6 months, this time is 30 minutes before the new york open at 9am EST (1400 GMT). At that time price has sufficient buying or selling power behind it to make great profit quickly and with minimal risk, given the conditions below are followed. This has worked unbelievably well for me and I would like to share it with all of you because this community has helped me throughout these years of my forex journey.

I will try to post trades I take with some frequency and answer any questions. Enjoy.


From Today: By the way Spot Gold does not calculate in pips and the volitility is much greater than that of the usual forex pair. So if you took this trade today like I did at 1 mini-lot (.1 - one dollar) and got out at the blue pivot line you would have made an easy $109 with very low risk 



Conditions for opening Trade:

For Buy

1. price above buy zone fib, blue rsi chart bar 

2. Williams percent range indicator gold line entering or inside blue area 
above -25.00

3. RSIOMA clearly crossed up

For Sell

1. Price below sell zone fib, red rsi chart bar

2. Williams Percent Range Indicator gold line entering or inside red area 
below -75.00

3. RSIOMA clerly crossed down


Exceptions for opening a Trade when above conditions are met:

1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.


Conditions for closing Trade:

Safest

1. When price hits next pivot point line in direction of trade.

Moderately Safe

1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.

Attached Files

•   GOLD SYSTEM.zip

More info for GOLD TRADING SYSTEM 90 WIN ~ forex trading tax advice:

Continue reading

Be a Successful Forex Trader By Following Few Investment Tips ! Must Read ! - forex trading courses new zealand

Be a Successful Forex Trader By Following Few Investment Tips ! Must Read ! ~ forex trading courses new zealand

Forex Trading Investment Tips

The Forex markets are a great source of investment, which is increasingly and outstandingly seen as a source for all the investors. All the retail investors are highly interested in asset class with strong diversification and return-generating opportunities. Real Forex Traders can earn huge money just by following few Good strategies. So before investment in real currency market , you have to know some investment tips to minimize money loss and maximize your earnings.

So here we have the top 10 tips for FOREX Trading. Let us have a look on that!

1. Always practice before trading on a demo trading platform. It is always like being an athlete and going to Olympic Games with high preparation. So before doing the real trade, go through with the demos first.

2. There are number of factors that drive the currency performance. Economic data releases, policy decisions and political events can change the whole economic outlook on the country and the currency as well. So spend a lot of time getting to know that.

3. Understand the strategies that are used by currency traders like the carry, momentum and value trade. The carry strategy sees the investors selling currencies with low rates and buying at high rates, the momentum tracks the direction of currency markets and the valuation strategy gets a position based on the investor’s view of currency value

4. All the investment decisions you make you are actually going to decide the risks that will follow you through out. Before making any decision you need to ask yourself any question related to that. If you have a satisfying answer only then proceed or else rethink the options.

5. If you are concentrating on a few pairs i.e. participating on a part time and non professional basis then just stick to only what you know. Otherwise you’ll have a loss.

6. First plan, then trade, because the markets are fast moving and in a short span of time, everything can change!

7. When you are in this field, all you have to do is to stay up to date. Research about the things quickly.

8. Do not attach your emotions with any of the trading decision you make. If you think you are missing some opportunity rethink and reconsider all the options.

9. Don’t expect to win every time you trade. Don’t dishearten if a trade doesn’t go our way.

10. When you are in FX trading you should be aware of all the risks and rewards you are going to have because this thing is not recommended.

More info for Be a Successful Forex Trader By Following Few Investment Tips ! Must Read ! ~ forex trading courses new zealand:

Continue reading

10 Reasons Why You Should Be Online Forex Trading Today - free forex trading advice

10 Reasons Why You Should Be Online Forex Trading Today ~ free forex trading advice

The internet has revolutionized foreign exchange (forex) trading. Today, anyone can be an online forex trader. Here at 10 reasons why you should be online forex trading today:

1. With access to a computer and the internet you can instantly open a mini forex trading account with a forex broker for as little as $250. There are no lengthy opening proceeds to complete. This means you can start your forex trading today!

2. With a minimum opening balance with a forex broker being available for as little as $250, forex trading is the only real possibility for everyone to enjoy the thrill and spills of trading in a market on a daily basis. Thats not to mention the fact that everyone can now make money from an investment trading opportunity.

3. Forex markets are open 24-hours a day. This makes forex trading the only investment strategy you can take up which never goes to sleep.

4. Forex trading gives you access to an almost unlimited market for a minimal up front investment. For the first time, a trading market is open to both small and large investors, competing with one and other to make a profit on their trade.

5. Generally, commission fees are much lower with online forex trading than is the case with other forms of trading, such as stock trading. This means that not only can you start to trade with a small opening account balance, but less of your profits will get taken up with commission charges taken by your broker. As such, online forex trading can claim to be the only market this is available to all.

6. With access to the forex market being made available 24-hours a day, as an investor you can easily adjust your forex portfolio at any time of the day or night. The great benefit of this function is that if the market is taking a hit in Tokyo, you dont have to wait until New York opens before you can react to
this movement. You have the ability to act as soon as you see or feel that things are moving.

7. Unlike stock market trading, with fore trading it is easy to trade in exotic currencies and to speculate on markets outside of your home country of residence. Also, with many of the underlying factors being the same, you do not need to do extensive research or training in order to take advantage of this superb facility.

8. Most influences on a forex market are global. As such, unlike other forms of speculative trading, influence of the market by one person, organization or government is going to have much less of an impact on the market. Consequently, there is more control on what the influencing factors are than is the case with other investments.

9. With a mini forex trading account you can elect to do complicated day trading transactions or long-term investment strategies. The great scope of different types of forex trading available to you means that you can have a truly diverse forex investment portfolio.

10. Forex trading is fun, easy to learn, and offers traders a very real alternative to traditional forms of investment strategy.

While online forex trading has numerous attractive reasons why you should be online forex trading today, always remember that you should include this as part of your overall investment strategy and seek the advice of your financial advisor if you intend to make this a major part of your investment portfolio.
More info for 10 Reasons Why You Should Be Online Forex Trading Today ~ free forex trading advice:

Continue reading