GRAPHS AND CHARTS

HOW TO STUDY CHARTS

We shall follow this study in 7 steps (see chart numbers)
1) Triple sell signal activated, short term average goes below a declining wave.
2) 5 day average is below the 200 day average. (Major sell)
3) Gap up is not followed by high volume ........warning .......
4) Price reverses right at the 200 day average and in the same time, the middle line of the wave crosses below the LT average.
5) Level 1 buy signal goes into a sell signal , you get a GVN action right after (Gap, Volume, and News).
6) Fake move ; and the short term average does not even enter level 1 (lower band of the wave).
7) Another GVN action ; main problem is still the downtrending wave .....as long as we remain inside the wave .....and move above 28 ; in a few weeks , I will be more bullish.

 

WHAT IS 4X MARKET

4X MARKET

 

These are just trade scenarios. As the cliché goes, one man’s medicine may be another man’s poison. One country’s good tidings may be another country’s, well, downfall.

That is why in FOREX trading, another secret to live by is to be aware of the national news in the country concerned.

Current events have a say on the economics of a country. Money makes the world go round, so to speak.

But, if one is truly serious in earning their first million in FOREX trading, another secret is—it might be a good idea to invest in a FOREX trading training school. Learn from the pros and conquer the world afterwards.

Let me leave you one last secret I learned from my father. If everyone is going in this direction, go the other way. This applies to FOREX and other areas of life. You won’t ever get rich by following the crowd.

Besides buying low and selling high, follow that last secret and you might just join the ranks of the taipans and billionaires.

FOREX MARKET

ABOUT FOREX

Basically, foreign exchange trading or simply FOREX trading is just the buying and selling of the world’s currencies. Money today is not the same as money tomorrow. Money has time value. The worth of a currency can go up or down.

There is one secret that FOREX traders live by. And it is buy low, sell high. Don’t ever forget that rule.

However, the trick is to know when to buy and when to sell. In FOREX trading, everything is by speculation. Sure, there are graphs to aid decisions. Business pages also give out strategies for the day. But the next step is always a guess based from the previous actions.

FOREX traders like to call their speculations as smart guesses. Usually, patterns on the currency values can be derived from how the politics of a specific country is running.

For example, if there is a plan to oust the president, most probably the value of that country’s currency will go down—how low, we don’t know. Usually. Because there are still a lot of factors to consider why a currency is going strong or not.