MetaTrader expert advisor. Phoenix.

As you remember, before few days I started to describe MetaTrader expert advisors collection. I will show you only highly profitable forex expert advisors for the metatrader. Last time we saw main advantages of Framework expert advisor, which based on main Forex indicators and has test profit more than 200%. Today I will acquaint you with different MetaTrader expert advisor which called Phoenix.

MetaTrader expert advisor. Phoenix.

Remember, all Forex advisors yo will find here, you can download absolutely free. For more information about quickly installation of the expert advisors read in our Forex help section.

Now you can Download Phoenix expert advisor free.

Scalping Forex System. Forex trading signals. M5 chart.

As you remember, last time we spoke about Forex scalping strategy. I demonstrated you few interesting examples of some forex scalping theories. You saw how you can get more than 50$ dollars profit in 1 minute only. Today we will continue to discuss Forex scalping pattern and I’ll show you another example of Forex trading signals on M5 chart.

Scalping Forex System.

This example of scalping forex is most profitable during the New York and London trade sessions. Many Forex traders are using this scalping strategy. You can easy test it by yourself on your demo Forex account. As for me, it works fine in 70%. But you should remember – Forex is very risky business and if it works for me, it may not work for you.

I have used this system for a long time and it continues to provide great consistency. As you know, any Forex strategy has its own entry point, especially if it scalping forex strategy. It is very important to remember that you must not overtrade with this scalping system. First of all, you have to wait for the right setup at the right time.

Step 1. Setting up your Forex indicators & charts.

Open your Metatrader platform(or another Forex platform you are working with). Now open a 5 minute chart for the EUR/USD currency pair and add a 10ema indicator, a 21ema and a 50ema forex indicators. That’s it! I told you it was simple!

Now change the colors of these ema indicators. In my case I will use:

• 10ema = Red.
• 21ema = Green.
• 50ema = Blue.

As you know(or not) two indicators: the 10ema and 21ema act ask strong support and resistance, when the Forex market is trending throughout a session. In a strong trend we can turn this to our advantage and scalp forex market while insuring we are trading in the direction of the short term(!) trend, giving us a good trading edge to take some quick pips.

Now you can see small example(diagram) of scalping with the trend:

Small example(diagram) of scalping with the trend.

Step 2. Main scalping system rules:

As I told before, the rules of this trading system are very simple.

• First of all wait for a trend to show on the 5 minute Forex chart, higher highs in an up trend and lower lows in a down trend. Just look at the 50ema indicator for trend strength and direction.
• Make sure you are during the New York and London trade sessions(not Asian session).
• Check there is no major upcoming Forex news about to come out, before you start trading. For this purpose use Forex Daily Events Calendar.
• Once price enters half way into the zone open a trade, sell for downtrend and buy for up trend. It’s very important rule!
• Set up your stop loss at 5-7 pips + spread.
• Move stop to break even at +5 pips.
  
• Set up your take profit at 7-10 pips.
• Good Luck!!!

Remember, scalping Forex system is very and very aggressive system. Make you Forex life more stable with more frequent strategies changes. From scalping to long-term trading and back.

Forex trading signals.

Forex scalping strategy.

Do you know what is a forex scalping strategy? Why so many Forex traders around the world are using this forex strategy? Is it true that forex scalping trading is one of few ways of quick enrichment? Let’s try to answer on these important questions. Also I will demonstrate you few interesting forex scalping strategy examples and really results of my own scalping system.

Forex scalping strategy.

Probably you know that scalping forex is one of several strategies that have evolved in Forex trading.
In other words, scalping forex – is a large number of transactions during a short time interval. It’s really aggressive trading with enormous trading opportunities Moreover. As I said before, for many traders around the world forex scalping is the most acceptable, profitable and available existence on the market. Some traders calling Forex Scalping – as quick trading.

There are different types of forex scalping strategies. For example, aggressive trade, less aggressive trade, secure trade, etc. Do you know what really purpose of scalping forex strategy? The main purpose of scalping is making some profits while exposing a trading account to a limited risk, which is due to a quick open/close trading mode.

Forex scalping can be looked upon as being a high risk endevour, or as a sophisticated and actually lower risk style of trading. It is essential to be using the correct strong Forex tools, best forex broker and techniques while scalping the forex market.

Why do you have to choice only fast forex trading platform for forex scalping strategy? Because of time! Time – is a main factor of success in scalping forex trading. The trading platform must be robust and fast, showing up to the second prices from your broker and trades must be able to be placed rapidly.

What else important factor scalping forex trader must have? Off cause, iron discipline!
To successfully use a scalping forex strategy a forex trader must have iron clad discipline and enter and exit the market according to strict rules. Forex trader must also trade at a very high winning percentage, then the trader must be ruthless in cutting off losses.

Forex scalping examples.

Remember, forex scalping traders MUST buy and sell quickly. Doy you need some example of forex scalping strategies? Take it:

Forex scalping example num. 1

For example, if they buy a lot of EUR/USD currency pair and after few seconds, see a growth of just 2-5 pips(you know how it easy), these traders, immediately, sell it for a profit of $20-$50. In other words, you may buy EUR/USD at 1.2700 and only 10 later the Euro is at 1.2720. This degree of fluctuation is normal and may occur so many times in a 24 hour period.

If your forex trading plan is to use a day trading forex strategy, you could immediately sell your position and book a 20 pip profit. Even trading a mini contract of $10,000 this would work out to a profit of $20 for maybe only ten minutes work. Sound good? Of course! Unfortunately, in practice it is not as easy as it may sound.

Forex scalping example num. 2

Here another example of my own scalping forex experience:

Forex scalping strategy. Examples.

Scalping forex may sound like very and very attractive trading strategy, but for Forex beginners I cannot recommend it other than as an occasional strategy. To make money over time at scalping forex you would have to trade almost perfectly on a very consistent basis. If you are good forex trader you will make a lot more money by taking a somewhat longer term trading approach with your Forex Trading positions.

And remember, Forex is a very agrresive and risky business, but I think some scalping forex strategy is an absolute must have for someone who really is serious about building their scalping forex profit pulling business. Good Luck!!!

Mobile forex trading. Mobile software downloads.

How can you use your Iphone, Pocket PC or Palm for Forex trading? It’s really easy and very powerful method to be online any time 24/7. Today mobile forex trading – it’s very popular type of Forex trading. By these mobile devices you can easy monitor your account, check prices and open and close positions. In other words, you can do anything you do near your regular computer trading Forex platforms.

Mobile forex trading.

Modern specifically designed mobile software offers everything you need for real Forex trading when away from your PC. Off course, you have to note that you must have an existing service contract with a cellular phone company and an Internet-enabled mobile device to access mobile (wireless) forex trading platforms.

Reading latest Forex news, using Forex charts, Indicators and you favorite Forex patterns – today it possible by using best Forex Mobile software for your mobile advices.

Most serious and popular Forex brokers around the world have their own mobile software. Or you can use independent Mobile forex trading software for you advices.

Let me acquaint you few most famous Mobile forex trading platform around the world.

MetaTrader 4 Mobile.	MetaTrader 4 Mobile. Mobile trading (m-trading) — controlling of trading account via mobile devices such a cellular phone or a PDA (Personal Digital Assistant). Wireless access technologies WAP and GPRS provide access to the Internet. MetaTrader 4 Mobile for Pocket PC program is comparable with full-function trading terminal. This terminal allows you to stay in touch with the financial markets and remain mobile. For MetaTrader 4 Mobile to operate, a Pocket PC with Microsoft Windows Pocket PC 2002 or higher is necessary. download MetaTrader 4 Mobile.
MobiTradeOne for FOREX.com Mobile Phones Edition 1.02	MobiTradeOne for FOREX.com Mobile Phones Edition 1.02 MobiTradeOne for FOREX.com Mobile Phones Edition is a mobile trading platform compatible with Java supporting mobile devices. MobiTradeOne gives FOREX.com clients access to their accounts and allows trading and accessing forex market updates via a mobile phone. MobiTradeOne also provides technical analysis tools and FOREX.com Economic Calendar. MobiTradeOne is completely free for FOREX.com clients under our special offer. You have a possibility of full access to financial markets and making deals from anywhere of the world. download MobiTradeOne for FOREX.com Mobile Phones Edition 1.02.
DealBook® FX Mobile.	DealBook® FX Mobile. The Enhanced version for pocket PC users includes standard features, such as live streaming quotes, full-color charting, complete access to real-time transaction history, account statements and position, margin and risk-analysis. Place trades, view real-time account information and monitor your positions — all in real-time. Get full-color charting, historical data, popular technical indicators and place a range of order types, all from your mobile device. download DealBook® FX Mobile.
ProTrader PocketPC Station.	ProTrader PocketPC Station. ProTrader for Pocket PC program is comparable with full-function trading terminal. You have a possibility of full access to financial markets and making deals from anywhere of the world. Powerful technical analysis and graphical visualization of financial instruments are available. Trade dealing is done with careful observation of confidentiality and is absolutely safe. If required, you always have the history of completed trade deals. download DealBook® FX Mobile.

Mobile software downloads.

MetaTrader expert advisor. Framework.

Framework Expert Advisor detects the most improbable moments of breakout and enters from channel borders. Thanks to unique algorithm the Framework Metatrader expert advisor works all day and night and is not run the danger of night spread extension. Framework Forex expert advisor uses three Commodity Channel Index, most known as MetaTrader 4 Indicator CCI. Indicators crosses to determine position opening and closing. It is very simple, yet effective expert advisor. It also performs checks for available free margin to stop trading if it is bankrupt. This MT4 advisor doesn’t trade if bars didn’t change or there were no 100 bars yet.

MetaTrader expert advisor. Framework.

Now you can Download Framework expert advisor free.

Forex economic calendar. Week 27.07.2009 - 1.08.2009.

Every Sunday Forex2Easy.com presents you next week Forex economic calendar. Here you can find the most advanced and reliable Forex economic events around the world. Our Forex economic calendar focuses on main Forex market events and world economy reports. World News Forex Economic Calendar will help our customers trade more effectively. Also you can find most sensible explanations for evey Forex and economic events.

Forex economic calendar.

Main Forex Events: 27.07.2009 – 1.08.2009

Info	Date	Time(GMT)	Currency	Forex Event
	27/07/09	15:00	USA	4-Week Bill Announcement.
	27/07/09	15:30	USA	6-Month Bill Auction.
	27/07/09	15:30	USA	3-Month Bill Auction.
	27/07/09	17:00	USA	20-Yr TIPS Auction .
	28/07/09	11:45	USA	ICSC-Goldman Store Sales.
	28/07/09	17:00	USA	4-Week Bill Auction.
	28/07/09	17:00	USA	52-Week Bill Auction.
	28/07/09	17:00	USA	2-Yr Note Auction.
	29/07/09	11:00	USA	MBA Purchase Applications.
	29/07/09	14:30	USA	EIA Petroleum Status…
	29/07/09	17:00	USA	5-Yr Note Auction.
	30/07/09	04:00	ALL	52-Week Bill Settlement.
	30/07/09	12:30	CAD	RMPI.
	30/07/09	12:30	CAD	IPPI.
	30/07/09	14:30	USA	EIA Natural Gas Report.
	30/07/09	15:00	USA	3-Month Bill Announcement.
	30/07/09	15:00	USA	6-Month Bill Announcement.
	30/07/09	17:00	USA	7-Yr Note Auction.
	30/07/09	23:30	JPY	Household Spending.
	31/07/09	04:00	USD	7-Yr Note Settlement.
	31/07/09	04:00	USD	2-Yr Note Settlement.
	31/07/09	04:00	ALL	5-Yr Note Settlement.
	31/07/09	04:00	USD	20-Yr TIPS Settlement.
	31/07/09	09:00	EUR	HICP Flash.
	31/07/09	12:30	USD	Employment Cost Index.
	31/07/09	19:00	USD	Farm Prices.

Forex events schedule.

Multiple Time Frame Forex Strategy.

One of the most dependable features of the Forex market is its tendency to form trends in a variety of time frames. Forex trends can continue for weeks, months, or even years, and traders who align themselves with these trends improve their chances of success. Let’s look at some specific techniques to capitalize on this well-known forex market tendency. Frequently when we trade, we may look at Forex currency pairs chart and receive contradictory signals from various indicators. Which signals should we follow, and which ones should we ignore?

Multiple Time Frame Forex Strategy.

When we are in doubt, it’s helpful to look at the big picture, by moving to a longer time frame. Let’s
assume for our example that we are placing trades based on the Forex hourly chart:

1) First, look to the longer-term chart, which is the daily chart in this example, to see if the currency pair is trending. There are several ways to do this. Simply draw a trend line, or use an indicator that is designed to determine market trend. For instance, the average directional index (ADX) indicator could be used to determine if the market is trending. Or we could look to moving averages to determine if they’re in the “proper order” formation.

2) Often, the trend will be obvious without the use of any trend lines or indicators. The best trends are the ones that are obvious, because other traders can see the trend and act on it, creating a “self-fulfilling
prophecy.”

3) If the currency pair is trending higher, trade from the long side only. If it is trending lower, trade from the short side only. If there is no discernible trend, then don’t attempt to place a trade using this technique, as it is specifically designed for use in trending markets.

4) First, we’ll determine the direction in which we want to trade from the long-term chart. Then, we’ll look to the short-term chart to locate our entry point, stop, and exits.

5) If we have determined that we are in an uptrend on the daily chart, we can go long if the price falls to a level of support on the hourly chart. Or we can go long if an oscillator, such as Relative Strength Index (RSI), indicates that the pair is oversold on the hourly chart. Enter long with your stop below the area of support.

6) In the case of a downtrend on the daily chart, we will seek to sell at resistance on the hourly chart, or if oscillators indicate that the pair is overbought on the hourly chart.

Remember, if the daily chart is in an uptrend, we can only go long. If the daily chart is in a downtrend, we can only sell short. If we cannot tell if the market is trending, then we cannot use trending techniques such as this one.

As you will see, there are many variations on this theme. Essentially, I’m going to use everything at my disposal to locate good entry points and put my trade in harmony with the Daily Forex Trend.

Why does it work?

This system allows us to trade only in the direction of the overall trend, and it requires that trades can be placed only after the price has pulled back to a favorable entry point. In other words, it will not allow the trader to enter long at the highs or enter short at the lows.

This Forex technique can also be used in shorter time frames. For example, an active day trader can use a four-hour chart as the longer-term chart and a 15-minute chart as the shorter-term chart.

Take a look at this long-term trend in the U.S. dollar/Canadian dollar currency pair in Figure below. As you can see, the exchange rate had been falling steadily for years, from above 1.60 in 2002 to below 1.10 in 2006. During these years, the prices of commodities like gold and oil made spectacular gains. Canada, a major producer and exporter of energy products and metals, benefited from the increasing flow of capital that it received in payment for these goods. This is why the loonie is often referred to as a “commodity currency”.

Trending Techniques,Forex Analytics,Forex Charts.

This increased flow of capital served to strengthen the Canadian dollar, as importers such as the United States were forced to send more of their wealth to Canada in exchange for these materials.
The trend became particularly pronounced during the spring of 2006, fueled by a fierce rally in metals like gold, silver, and copper. The rally helped to push the Canadian dollar to a 27-year high versus the greenback, and simultaneously the currency pair reached multidecade lows in early May.

Then in mid-May, after a spectacular run, gold, propelled by massive hedge fund buying, peaked at $730 per ounce. At about the same time, the USD/CAD currency pair bottomed out. As profit takers emerged, gold began to float lower, and the USD/CAD pair began to drift higher. As trend traders, our objective is to use this trend to our advantage. Because the currency pair is in a downtrend, we will look only for short entries, and ignore any opportunity to go long. Since the pair is rallying, we need to locate our entry point. We want to locate a major resistance level.

Easy Forex. Forex Indicators. Forex Market.

Next time we will see another type of Forex Trending Technique.

Forex Strategy.

Forex Pairs Analysis. Which pair to trade?

When you first begin to trade Forex, you should start with just one currency pair. The best way to begin is with a pair that has a narrow spread, such as the EUR/USD pair. The spread is the difference between the buy price and the sell price for the currency pair. The spread is a formidable opponent, and pairs that have wide spreads are suited only to long-term trading. Once you have overcome the spread, you have reached the “break-even” point of the trade. This is easier to achieve when the spread is narrow.

Forex Pairs Analysis.

Start with EUR/USD (in a demo account, of course), and when you feel comfortable with the way the Forex pair moves, then branch out and try GBP/USD. You’ll find that this pair trades in a similar fashion to EUR/USD, but with greater volatility. Some traders enjoy this added volatility, while others can’t stand it. Since no two traders are exactly alike, it’s up to you to decide which pairs suit your personal style. Any time that you are testing a new currency pair or trading technique, be sure to do so in a demo account. Figuring out which currency pairs are the best for your personality is part of the learning process of becoming a Forex trader.

Which pair to trade?

Once you grow used to the movements in these two pairs, give USD/JPY and USD/CAD a try. You’ll see that these two currency pairs move in a completely different manner from EUR/USD and GBP/USD. The
Japanese yen pairs have their own “personalities” and are more likely to find support/resistance at round numbers. If you enjoy trading the USD/JPY currency pair, try EUR/JPY. This pair is similar to USD/JPY, but the moves tend to be quicker, with greater volatility.

Do you know what does it mean Direct Rate and Cross Rate?

Direct rate – when a currency is quoted against US Dollar.
Cross Rate – currency is quoted not against the US Dollar.

Almost 87% of the investments traded on the Forex are done in 9-key Forex pairs. These currency pairs are:

Many traders around the world also are trading in further combinations of these major forex currencies pairs:

EUR/GBP Currency Pair: The Euro & British Pond
EUR/JPY Currency Pair: Euro & Japanese Yen
EUR/CHF Currency Pair: Euro & Swiss Franc.

As you can see from above, US dollar – most important currency in Forex market(approximately 86% of trades were in done in US dollars).

Many traders also do the trading in further combinations of these major Forex currencies. They are,

EUR/GBP Currency Pair: The Euro and British Pond
EUR/CHF Currency Pair: Euro and Swiss Franc.
EUR/JPY Currency Pair: Euro and Japanese Yen

In summary I wany to discover the small Secret of success in Forex trading – don’t make the mistake of trying to trade too many currency pairs(trade only one) initially or else you will end up with losses.

Forex Pairs trading.