Tuesday, October 12, 2010

Forex trading on android phones and iphone

It has been about 2 months since the last post in this blog. In my last post, I said I had just changed job and lack of time to update this blog.

Now I have get used to new job and can arrange time to update this blog.

Today going to talk about trading forex using smartphone - android phone and iphone

I saw from internet post www.oanda.com offers both android and iphone forex trading. Anyone

Thursday, August 5, 2010

Less update on this blog due change of job

I just took a bold and risky decision to change my career from semiconductor Product Engineer to CIMB bank mortgages loan adviser.

Basic salary is low, need to work hard to earn commission to survive.

The office has no internet access. Thus I will less update this blog.




Tuesday, July 27, 2010

Back to manual trade in forex trading, Double Top

These 2 weeks, I started manual trade instead of using forex robot. I would very like to use forex robot but I didn't find any profitable forex robot. Some forex robots give me huge confidence but later discourage me.

It is time back to basics. I started to do revision on forex technical analysis. At the same time I also trade on forex using the techniques I learned.

At here, I would like to

Monday, July 26, 2010

Forex education : Important Chart Patterns

Other than technical indicator, we shall be able to recognize some important chart patterns to take profitcs.

Below are few of the important chart patterns. Mostly take advantage on the price breakout

•Symmetrical Triangles
(put pending order above and below, once price breakput, cancel the other one)




•Ascending Triangles



•Descending Triangles

•Double Top


•Double Bottom


•Head and

Sunday, July 25, 2010

FOREXYARD Daily forex analysis on 26 July 2010

Headlines
Bank Stress Tests Fail Support the Euro Due To Questionable Reliability
After a long time waiting, the Euro-Zone's famous Bank Stress Tests results were finally published on Friday evening. The results failed to reassure investors regarding the stability of the European banking system as analysts claimed that the test weren't strict enough. As this week begins, the reliability of the

Thursday, July 22, 2010

Forex Education : What is Forex Correlation ?

Correlation is the tendency of certain currency pairs to move in tandem with each other. Positive Correlation means that the pairs move in the same direction, Negative Correlation means that they move in opposite directions.

A correlation coefficient of 1.0 means the pairs move exactly in tandem with each other; a correlation of -1.0 means the pairs move in exactly the opposite direction.

Wednesday, July 21, 2010

Forex Education : Make your buy sell decision based on reviewing 3 different time frame

I read this article before where it emphasizes on trading forex based on reviewing 3 different time frame on same currency pair.

I did read the article but I myself didn't practise it. Maybe this is the reason why I lose in forex trading.

Below is the suggested time frame set
•1 minute, 5 minute, and 30 minute
•5 minute, 30 minute, and 4 hour
•15 minute, 1 hour, and 4 hour
•1 hour, 4 hour,