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Are you “trading” or “gambling”

April 21, 2014 By Hung Vu Leave a Comment

Recently I received a question from a perspective FXCoaching.com customer after he saw the forex signals track record with four consecutive losses of 70, 90, 42 and 99 pips.

His question went like this: “Hello Steven, your overall trade results look good but, for example on week of August 16th 2010, you had four consecutive losses of 70, 90, 42, and 99 pips. Won’t that trigger a margin call or nearly wipe out my account?”

My reply: Whoa! Slow down. I am sorry, but what you’re doing does not even come close to resemble actual trading.  Please forgive me, but I’m going to be a little harsh here.

If what you are suggesting is true, then you are definitely gambling. If losses of 70, 90, 42, 99 pips can wipe out your account, you are using WAY TO MUCH leverage.

Stop it now and take this business seriously! [Read more…]

Filed Under: Forex News Tagged With: Business, Business_Finance, consecutive losses, Finance, Financial economics, Financial markets, Foreign exchange companies, Foreign exchange market, Forex signal, forex signals, forex trading, forex trading signals, forex signals, FXCM, Investment, professional trader, Stock market, Trade, trading account

RENKO CHARTS – EVERY TECHNICAL TRADER NEEDS THESE

April 21, 2014 By Hung Vu Leave a Comment

Hey Everyone, my name is Kelton and I have a few posts on here already that have gotten a little attention but I needed to start a thread about Renko Charts and make sure everyone is informed on the power of Renko Trading.

First of what is a Renko Chart?

A: A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels. Transaction signals are generated when the direction of the trend changes and the bricks alternate colors.

[Read more…]

Filed Under: Forex Tutorials Tagged With: Candle, Chart, Renko, Support and resistance, Trade, Trend

MT4 HOTKEY SHEET

April 21, 2014 By Hung Vu Leave a Comment

Here is a list of the hot keys available in MetaTrader

Icon

MT4 HOTKEY SHEET

1 file(s) 116.52 KB
Download

[Read more…]

Filed Under: MT4

IMPORTANT OF FUNDAMENTAL ANALYSIS IN THE FOREX MARKET

April 21, 2014 By Hung Vu Leave a Comment

fundamental_analysis_guide
Traders typically approach financial markets in one of two ways: either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both of these types of analyses.

In fact, in Jack Schwager’s best-selling classic, Market Wizards, two of the traders interviewed are Ed Seykota and Jim Rogers. Rogers is quite adamant in his statement that he believes it is impossible to make a living as a technical trader. He goes so far as to say he has never met a rich technician. Seykota actually shares the exact opposite story. According to Seykota’s own interview, he was a struggling trader when he traded according to fundamental analysis. It was not until he became a technician that he started to make a living trading financial markets. [Read more…]

Filed Under: Forex News

RENKO THV 5!

April 20, 2014 By Hung Vu 1 Comment

Hi to everyone!

My name is Mihailo and I’m dealing with the FOREX more than 3 years!

During that time i tried to find a system that suits me best. I spend a lot of time trading with the Thv system and earn a good money with it. When I first heard about RENKO candles, I came to the fantastic conclusion that time is not the most important factor for trading.
[Read more…]

Filed Under: Forex Renko Strategies

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