Forex neural network strategy
Forex Trading System – Concept №1.
First of all, developing trading system (manual trading system or automatic trading system) you should decide whether you want to trade long term positions or sort term positions. After choosing your style of trading you should master your skills in that single direction in the beginning, because otherwise you will lose.
Concept №2. Multi-Timeframe analysis.
In case you use only one timeframe, even the best trading system in the world won’t help you to make profit and you’ll lose a lot. That is why Multitimeframe charting is one of the best indicators. First of all, it is free of charge, and, moreover, it is the true indicator of a trend.
Forex Trading System – Concept №3. Currency pairs divergence.
Currency forex divergence or spread is your way to big profit. What is meant here is SPREAD, but not MACD divergence or CCI divergence. The common forex indicators only show you the direction of trend, but they never tell you why this trend is moving in this or that direction. For example, if your forex indicator flashes sell signal when you trade GBP/USD currency pair, it could be that both currencies are losing strength, but one of them is just losing strength faster, for example, GBP. Are you really going to trade that? It is unlikely. You won’t do it because the first currency can start gaining strength again, or the second currency can start falling faster. In this case you will suffer losses. If you want to make profit, you should wait the beginning of forex divergence, i.e. when currency pairs start moving in opposite directions. For example, a sell of GBP/USD currency pair is possible only when one of currencies is rising, and another one is falling.
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Japanese Yen Retreats from 4-Month High2011-07-14 00:10:44 by 58andfixed
July 13, 2011
The Japanese yen surged again in pre-Tokyo morning, hit a fresh 4-month high of 78.48 against the greenback on stop-loss selling after the break of 79.00, however, the yen quickly retreated from highs versus other currencies in part due to rumors that Japanese officials may intervene the forex market to stem yens strength.
Comments from Japanese top officials were seen supporting the yen, Economic Minister Kaoru Yosano said today that Japans economy will show bright signs from autumn this year towards next year.
He also warned that Europes sovereign debt problem is worsening to an alarming degree.
Bank of Japan Governor Masaaki Shirakawa also gave upbeat remarks by...
Greenbird Financial's Market Survey Result Claims New Generation of Traders … — PR.com
London, United Kingdom, May 25, 2012 --(PR.com)-- The quickly expanding foreign exchange markets have fascinated new breeds of traders that concentrated most on the entire forex market trading operations. This was the result of the Greenbird …
Charting the Major Forex Pairs: Focus on Major Currencies (Wiley Trading)