| bwgxutwlumk | Date: Wednesday, 2013-12-11, 4:31 PM | Message # 1 |
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| A winning trading strategy...Well, which is what comes first. One needs to acquire a winning strategy before making any attempts to trade to the Forex market. That is definitely, if they need to become successful, of course锟斤拷The definition of any winning strategy is very simple - it needs to bring more profit than loss. When you divide the net profit by the net loss you get the so called "profit factor" and when it's a lot more than 1.00 it means which the strategy is bringing more profit than loss. The higher the profit factor, the better, as losses are rarer and also the trader can start using other useful tools for an addition to your strategy, which in some other situations can be extremely dangerous to their <a href=http://www.uggoutletstores2014.net>Ugg outlet</a> balance.We've got a popular trading strategy used in B.O.R.N Night Owl Forex EA Robot, but inside of a way that secures steady profitability. The statistics shows that you can find three different market conditions:锟斤拷Trend. We have now higher highs and lower lows as time progresses, so in general the logic suggests that we should buy if your trend is going up, and we should sell if the trend is going down. The market is within a trending pattern approximately 30% of times.锟斤拷Counter trend (once the market is "ranging"). After the price has increased (or dropped) into a certain level, we can easily expect a correction, so we need to buy if your price has dropped and we ought to sell as soon as the price <a href=http://www.uggoutletstores2014.com>Uggs outlet store</a> has gone up. The industry is in a counter trend pattern approximately 60% <a href=http://www.uggoutletstore2014.net>Ugg outlet</a> of the time.锟斤拷Break out. It is self-explainable. Typically the break outs happen immediately after major news has been released or maybe a bank or another major financial player is placing large orders inside a short time frame. Breakouts do not typically happen in more than 10% of that time.So, the question is - how do we know which state the forex market currently is, and exactly how long this condition will last before it changes? A lot of the time we simply cannot, as we usually do not provide the gift of seeing in to the future, and anyone claiming differently needs to become held clear of our funds.However, the geography of the world and respectively - the forex market, does offer a well-known "gap" which, if utilised in wisely, is usually the "loop whole" to use for our benefit. This should do together with the forex market hours although though it's open 24 hours 5 days a week.Each day, after the New York close at 17.00 EST (which happens to be GMT -5 when DST will not be applied inside USA) there is certainly at the least an hour ahead of the next big player opens. The Asian session is preceded by Tokyo open (Japan does not use day light saving time over the summer) which happens at GMT +9. This gives us an hour of time with no big players to the market. Over the period when EST has changed to DST (that is when New York is an hour ahead throughout the summer) we even have an hour more, as Japan will not move their clocks forward! Please note that GMT will not equal BCT (British central time) for the reason that UK also change to DST throughout the summer and also the time in Great Britain during that period is one hour ahead of GMT.With no large banks or other big players around the forex market, the pattern of your currency pairs is "ranging" almost always, as you will discover simply not enough volumes being traded to sway the prices inside a trending pattern, so we need to buy in the event the price has dropped and sell when it has gone up.Of course we are certainly not inventing the hot water here锟斤拷 this is usually a fact which many forex pros are well alert to, and a variety of them use it and profit from their knowledge. The trick is however that knowledge will not be enough - it needs for being taken as close to perfection as possible and also we should be competent to follow the trading strategy many of the time, no exceptions, no impulsive decisions, no greed, no fear allowed - and this may only be done by a Forex Expert Advisor (EA) Robot!Read the entire presentation from the sound trading strategy used with B.O.R.N Night Owl Forex Robot directly from their Webpagewww.born-fx.comHappy Trading!
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