This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
When it comes to price patterns, the most important concepts include ones such as support and resistance. Put simply, these terms represent the tendency of a market to bounce back from previous lows and highs. Support is the market's tendency to rise from a previously established low. Resistance is the market's tendency to fall from a previously established high. This occurs because market participants tend to judge subsequent prices against recent highs and lows.

!function(n){function e(e){for(var t,r,i=e[0],a=e[1],u=0,c=[];u1&&arguments[1]!==undefined?arguments[1]:"",t=window,r=Date.now();if(n=e+n,t.ansFrontendGlobals&&t.ansFrontendGlobals.settings&&t.ansFrontendGlobals.settings.gates&&t.ansFrontendGlobals.settings.gates.react_console_log_perf_info){var i=t.performance&&t.performance.now?t.performance.now():r;console.log("".concat(n,": ").concat(i))}o[n]=r}},iuEU:function(n,e){n.exports=react-relay},oqNQ:function(n,e,t){"use strict";t.r(e);var o=t("S0B4");Object(o.a)("entryLoaded");var r=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"A+VG")).then(function(e){n(e)})};window.runApp=function(){Object(o.a)("runAppCalled"),r(function(n){n.runApp()})},window.inlineReact=function(n,e,t,r){Object(o.a)("InlineReactCalled","loadable"),a(n,e,t,r)},window.shimProxy=window.shimProxy||{webnodeSubscribeEventsQueue:[]};var i=!1,a=function(n,e,t,a){var u=function(){i||(i=!0,r(function(r){Object(o.a)("StartAppInlineReactCalled","loadable"),r.inlineReact(n,e,t,a)}))};window.shimProxy.webnode?window.shimProxy.webnode.subscribe("REACT_LOADABLE_LOADED",u):window.shimProxy.webnodeSubscribeEventsQueue.push(["REACT_LOADABLE_LOADED",u])};window.renderPrefetchedPage=function(n,e,t,o){r(function(r){r.renderPrefetchedPage(n,e,t,o)})},window.reportPageSpeedData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.reportPageData(n)})},window.setTimingData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setTimingData(n)})},window.setGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.setGlobalMetadata(n)})},window.updateGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.updateGlobalMetadata(n)})},window.setServerPerfCheckpointData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setServerPerfCheckpointData(n)})},window.setWebnodeLoadable=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"0xW3")).then(function(e){e.setWebnodeLoadable(n)})}}});
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Fair Value strategy made use of in various financial markets. In the forex market, the fair value of a currency is determined based on the economic situation in a country. In order to use this forex strategy, traders must have an understanding about a few basic related to the economy, especially the GDP growth of the two economies whose currencies they plan to buy and sell. Other aspects to be considered include the unemployment rate and the inflation data.
A Forex trading mentor should preferably be a full-time trader with extensive market experience, someone who trades their own money or manages other people's money and follows the market on a regular basis. If you wish for a good and reliable Forex Trading Platform, I would recommend you to select the HotForex as your Broker. HotForex offers various account types, trading software and tools to facilitate individuals and institutional customers to trade Forex and CFD's online, which includes the Cryptocurrency and Forex as well. Also If you want to have a good Forex Trading Experience, you s...
Premium Members have access to our 24/7 Skype Trading Chat Lounge. The Chat Lounge has proven to be an incredible, interactive resource. You can get questions answered immediately, either by text and/or screenshot, or even a mini-video! Plus…interact with other members, see how others are managing their trades etc. If you want to get up to speed in the quickest way possible, there is no better resource than the Skype Chat Lounge!

Yes, true, the measured move is a well-known pattern (also called an ABCD pattern). But there are several keys to using that pattern. 1. Where do you get in? Easy to spot after the move has well begun and you certainly don’t want to get in as its completing. 2. How do you know it’s a certified measured move? 3. What confirms the move or the entry itself? 4. What if it only goes 50% of the way and then fails? Is that good enough to take some profit (assuming you got in early enough to have any profit)? What… Read more »
Peter Bain and Lennox Chambers created this system to help confused traders approach the Forex trading differently. They want to make it simpler and more mechanical with less subjective interpretation of the rules. They created Simple 1-2-3 Forex Trader with the goal of making Forex trading more accessible and less tedious. Lennox has been trading the S123 strategy for over a decade and recently applied these techniques to the Forex with spectacular success. Peter is the founder of Forexmentor.com with 20 years of trading experience and has mentored thousands of Forex traders in the past 15 years.
This method is all about analyzing important news happenings on different fronts in a nation and understanding the implications that they will have on the currency market. The trader will then place the trades accordingly. The market moves in an unpredictable manner when there are sudden political or economic happenings in any nation. As the forex market operates round the clock, news flows in from all parts of the world. Trading on the basis of economic news and data suits all kinds of traders wherever they are and whichever currency they choose to trade.
Premium Members have access to our 24/7 Skype Trading Chat Lounge. The Chat Lounge has proven to be an incredible, interactive resource. You can get questions answered immediately, either by text and/or screenshot, or even a mini-video! Plus…interact with other members, see how others are managing their trades etc. If you want to get up to speed in the quickest way possible, there is no better resource than the Skype Chat Lounge!

Forex Mentor is an outrageous fraud. The company was founded by a former futures broker with a very shady past of selling get rich quick, Forex trading educational programs. After 5 separate CFTC reparations cases alleging financial fraud, and 3 NFA violations and fines totaling nearly $300,000, he finally left the futures brokerage business in 2013.
Coach's Corner was developed by long time trading coach and commodities broker VIC NOBLE in early 2006. After working with high net worth clients, and providing personal coaching services to traders, Vic saw a huge need for trader education. Leaning on his years of experience, and viewing the habits and attributes of both the losing and winning traders, he started the Coach’s Corner mentoring service in order to help traders avoid the common pitfalls, and to provide a sound trading approach that is not just technically based, but one that encompasses many other factors, notably the very difficult psychological challenges that trading presents.
Arbitrage is based on the premise of the forex trader trying to make a gain from small differences (of the currency) that exist either in the same or different markets. This is primarily a form of speculation. Identifying the right conditions and employing this strategy is not an easy task. Arbitrage strategy best market participants who have best technology systems and have quickest access to information. Arbitrage is best employed when the same currency has two different prices.
Since 2005, CC has been the "go to" training service for thousands of aspiring Forex traders around the world. Forex traders have trusted and benefited from professional training offered by Vic Noble and Darko Ali. They have created the most friendly and positive environment for traders to have long-term success.  Join this exciting community of Forex traders now. 
I have to say after going over all your ebooks multiple times it's all started to click into place. Finally...thank god.I've been taking 2hr - 1hr zones and hitting 80 -150 GBP per day on my swing trades.The hardest thing for me was defining trend.I use the 2hr TF to decipher that now and use it to execute on.Just wanted to say thank you for creating those books. Alan, trader

For example we have 2 really popular free systems (3 Pigs and PAST).  Many people are successful using them adapted to their own style of trading.  It is highly likely not one of them would ever have the exact same entries as we (the authors) do but they can and will be as successful by using and applying the principles in a manner suitable to them.  E.g. one of the strategies is a 4 Hour MTF strategy where the original system states a Trailing Stop based on an MA with an open Target.  One trader is now using this very successfully (and reports the trades on Babypips) us...
Forward testing is performed either on a demo account or on a very small (micro) live account. During such tests, you trade normally with your strategy as if you were trading your live account. As with backtesting, forward testing can also be automated. In this case, you would need to create a trading robot or expert advisor to execute your system. Of course, with discretionary strategy, you are limited solely to manual testing. Forward testing results are considered to be more useful and representative than those of the backtests.
To what extent fundamentals are used varies from trader to trader. At the same time, the best FX strategies invariably utilize action. This is also known as technical analysis. When it comes to technical currency trading strategies, there are two main styles: trend following, and counter-trend trading. Both of these FX trading strategies try to profit by recognising and exploiting price patterns.
But the supposed educational programs and private mentoring continues to be sold. A hotbed of “get rich quick” Forex trading indicators and magical trading methods. The marketing showpiece is a supposed professional trader named Shirley Hudson. She provides a spreadsheet of “100% real trades” as marketing bait. The spreadsheet contains nearly 7 years of non-stop, continuous winning day trades. Pure marketing chicanery. It turns out that Shirley Hudson is nothing more than a hardscrabble Realtor operating out of Washington State.
The best forex traders swear by daily charts over more short-term strategies. Compared to the forex 1-hour trading strategy, or even those with lower time-frames, there is less market noise involved with daily charts. Such charts can give you over 100 pips a day due to their longer timeframe, which has the potential to result in some of the best forex trades.
These are indicators that help the trader to analyze charts and can be used by itself or as a helping tool in other strategies. Traders can make successful traders just by watching the price changes that are very obvious to them and drawing their horizontal levels. However, a better understanding of the horizontal levels in more complex charts helps them to spot trends that they would have otherwise missed.
Arbitrage is based on the premise of the forex trader trying to make a gain from small differences (of the currency) that exist either in the same or different markets. This is primarily a form of speculation. Identifying the right conditions and employing this strategy is not an easy task. Arbitrage strategy best market participants who have best technology systems and have quickest access to information. Arbitrage is best employed when the same currency has two different prices.
Hello dani,,,, its painfull to here that even me i had a such problem of lossing money because I failed to abind my self into a good trading strategy for most of my past trading days,, but honestly iam telling without more effort nothing sweat can be got, so i struggled alot and it came by chance on my side a beautiful way that has low risk, good profit, and it saves time you might trade just in a week and all of your time you might do other things. For sure now iam free i can not stay much on my screen but i get time to deal with my medical school. Dani if ur ready honestly and kindly i can help you to know the strategy free just as my brother. And you shall be happier with it, i shall also help you some more other trading challenges that i have faced and the way to solve them.
Forward testing is performed either on a demo account or on a very small (micro) live account. During such tests, you trade normally with your strategy as if you were trading your live account. As with backtesting, forward testing can also be automated. In this case, you would need to create a trading robot or expert advisor to execute your system. Of course, with discretionary strategy, you are limited solely to manual testing. Forward testing results are considered to be more useful and representative than those of the backtests.

Day trading - These are trades that are exited before the end of the day, as the name suggests. This removes the chance of being adversely affected by large moves overnight. Day trading strategies are usually the perfect forex trading strategies for beginners. Trades may last only a few hours, and price bars on charts might typically be set to one or two minutes. The 50-pips a day forex strategy is a good example of a day trading strategy.
!function(n){function e(e){for(var t,r,i=e[0],a=e[1],u=0,c=[];u1&&arguments[1]!==undefined?arguments[1]:"",t=window,r=Date.now();if(n=e+n,t.ansFrontendGlobals&&t.ansFrontendGlobals.settings&&t.ansFrontendGlobals.settings.gates&&t.ansFrontendGlobals.settings.gates.react_console_log_perf_info){var i=t.performance&&t.performance.now?t.performance.now():r;console.log("".concat(n,": ").concat(i))}o[n]=r}},iuEU:function(n,e){n.exports=react-relay},oqNQ:function(n,e,t){"use strict";t.r(e);var o=t("S0B4");Object(o.a)("entryLoaded");var r=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"A+VG")).then(function(e){n(e)})};window.runApp=function(){Object(o.a)("runAppCalled"),r(function(n){n.runApp()})},window.inlineReact=function(n,e,t,r){Object(o.a)("InlineReactCalled","loadable"),a(n,e,t,r)},window.shimProxy=window.shimProxy||{webnodeSubscribeEventsQueue:[]};var i=!1,a=function(n,e,t,a){var u=function(){i||(i=!0,r(function(r){Object(o.a)("StartAppInlineReactCalled","loadable"),r.inlineReact(n,e,t,a)}))};window.shimProxy.webnode?window.shimProxy.webnode.subscribe("REACT_LOADABLE_LOADED",u):window.shimProxy.webnodeSubscribeEventsQueue.push(["REACT_LOADABLE_LOADED",u])};window.renderPrefetchedPage=function(n,e,t,o){r(function(r){r.renderPrefetchedPage(n,e,t,o)})},window.reportPageSpeedData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.reportPageData(n)})},window.setTimingData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setTimingData(n)})},window.setGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.setGlobalMetadata(n)})},window.updateGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.updateGlobalMetadata(n)})},window.setServerPerfCheckpointData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setServerPerfCheckpointData(n)})},window.setWebnodeLoadable=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"0xW3")).then(function(e){e.setWebnodeLoadable(n)})}}});
Hello dani,,,, its painfull to here that even me i had a such problem of lossing money because I failed to abind my self into a good trading strategy for most of my past trading days,, but honestly iam telling without more effort nothing sweat can be got, so i struggled alot and it came by chance on my side a beautiful way that has low risk, good profit, and it saves time you might trade just in a week and all of your time you might do other things. For sure now iam free i can not stay much on my screen but i get time to deal with my medical school. Dani if ur ready honestly and kindly i can help you to know the strategy free just as my brother. And you shall be happier with it, i shall also help you some more other trading challenges that i have faced and the way to solve them.
You may have heard that maintaining your discipline is a key aspect of trading. While this is true, how can you ensure you enforce that discipline when you are in a trade? One way to help is to have a trading strategy that you can stick to. If it is well-reasoned and back-tested, you can be confident that you are using one of the successful Forex trading strategies. That confidence will make it easier to follow the rules of your strategy—therefore, to maintain your discipline.
The profit target is set at 50 pips, and the stop-loss order is placed anywhere between 5 and 10 pips above or below the 7am GMT candlestick, after its formation. This is implemented to manage risk. After these conditions are set, it is now up to the market to take over the rest. Day Trading and Scalping are both short-term trading strategies. However, remember that shorter term implies greater risk, so it is essential to ensure effective risk management.
Trend-following systems require a particular mindset, because of the long duration—during which time profits can disappear as the market swings—these trades can be more psychologically demanding. When markets are volatile, trends will tend to be more disguised and price swings will be greater. Therefore, a trend-following system is the best trading strategy for Forex markets that are quiet and trending.
×