Tutorial Forex for Begginers -Forex Articles from NewForex

[Anna Mon]

Bollinger Bands

Plenty of indicators are used by traders to analyse the market, however only a small part of them can help to estimate the volatility of market processes. The indicator ?Bollinger bands? is considered as a secure instrument and is used in many graphic analitical programmes.

The indicator ?Bollinger bands? was created in the 20th century by the financial analyst, the president of the company Bollinger Capital Management John Bollinger. Of course this indicator can not foresee the direction of the future price movement but it is able to prompt the moment when a strong price movement is expected.

The indicator consists of only three lines.The line in the middle is a simple moving average, as a rule with the period of 20. The upper and the lower line, they determine 2 bands of the indicator, have an equal distance from the middle one. This distance is proportional to the volume of the mean square price range, this indicator characterizes the market volatility. Consequently, we observe narrow lines during calm periods and when the market is unstable Bollinger bands widen.

There are drastic price changes when the bands meet during small and quite longstanding fluctuations of market prices. During this period the indicator will not prompt the direction of the future movement. Traders can outguess this direction by means of other instruments of technical analysis. If the price goes beyond one of the indicator borders, it might be a signal of the beginning of a new trend or the continuation of the previous trend after the correction.

Fairly often the price forming a high or a low beyond the indicator lines returns inside the Bollinger bands. In this case the first target of the trader should be an average line.In the given picture there are a lot of examples. Thus, market extremums, which usually occur beyond Bollinger bands, indicate the change of market tendencies and the lines of the indicator represent strong levels of support/resistance and price consolidation. Due to this peculiarity of the indicator it can be a base for a really working trading system.

The efficiency of Bollinger bands becomes apparent together with other indicators and if they confirm signals of turnback or clearance, the probability that an open position will be profitable sharply increases. It is worth combining Bollinger bands with indicators of volume ?MACD? or ?Stochastic?.

However, it is worth remembering that work with Bollinger bands requires from the trader sufficient experience and necessary skills acquiring which it will be possible to estimate the placement of forces in the market and take proactive decisions about the trades.

 

[blackking]

Bolinger band is good indicator and help much for certain trader , some trader using bolinger band on different timefarme and look line band on horisontal which as upper band will become resistance and lower band as supprot area, but certain trader trying to use triple BB with different seting and will open of three BB already confirmed

 

[Anna Mon]

Can robots trade in Forex? (Part 1)
The question might seem controversial but if you study it in detail then you can give a positive answer and confirm that yes robots can trade in Forex market and bring profit to a trader.

Why do we have hesitations then? Although there might be no hesitations but plenty of questions regarding the usage of advisors. Advisors have gained in quite widespread popularity. A lot of traders especially beginners keep a close watch on this trend in trading.

And here it is worth thinking about “why it happens that 95% of beginners in trading as a rule lose”... An addiction to easy prey is typical of many people and the opportunity to get it by means of an advisor attracts a considerable amount of traders. People usually download from the Internet robot-champions or pay for super lucrative personal funds, however, in most cases it does not bring handsome profit.

In order to assure yourself of the hopelessness of these operations, a trader should ask himself or herself a simple question and find an answer on it. How long is the trader going to use a robot and what profit should it bring? If a trader is determined to work with a robot on a permanent basis, then it may be firmly said that this path leads to nowhere. One may get profit with the help of an advisor but it probably won’t last as long as it is wished by a trader. For instance, an advisor brings profit for two weeks, maybe two months but then the systems will definitely glitch and nobody know when it happens.

And nobody knows how hurtful it may be for the deposit. In this case a trader has only one way out — to trust the robot and become an onlooker who tries to predict if it will manage to find the right way or not. Thus, it might occur that instead of increasing your funds, the advisor may turn into a mechanism of destruction. Finally, it should be remembered that advisors are made by people and unfortunately people make mistakes.

Quite often people have a little bit wrong attitude to these programmes, especially beginners. It resembles the perception of information on the radio or TV by elderly people who take everything at its face value. This gullibility is sometimes used by advertisers with sticky fingers who distribute information about “magic pills” treating all deseases. The same happens with robots. Some believe that the fact of using it in the terminal says that it was developed by professionals and is a high-quality product. However, in reality it does not say anything. Nowadays almost everyone, who understands programming at least a bit, can create an advisor. That’s why it is important to understand who made this advisor. It might be a good trader but a bad programmer or vice versa. A great piece of luck is to meet a good trader and programmer in the one skin.

 

[sandorkiss]

newforex is scam broker, they not pay profit

 

[Fagiser]

Kalo pake robot buat Forex hasilnya bisa bagus. Kamu cuma perlu cari n bikin robot yg cocok n diatur bener2.

 

[Kater]

Saran saya yang tulus kepada para pedagang muda adalah meluangkan waktu dan menganalisis pro dan kontra dari trading forex. Jangan lakukan itu secara mendadak. Ini bisa membuat atau menghancurkan hidup Anda. Konsultasikan teman dan keluarga Anda dan bersiaplah untuk konsekuensinya jika Anda memasukinya.

 

[Fagiser]

Para pemula biasanya kesulitan mengumpulkan data2 penting tentang trading secara cepat. Menurut saya kita perlu mengatur forum ini dengan urut mengenai topik pembelajaran supaya bisa selesaikan kendala2 para pemula. Saya yakin admin forum ini bakal setuju.

 

[Illidos]

Saya ingin berterima kasih kepada internet di sini karena telah mempermudah prosedur pembelajaran karena Anda bisa mendapatkan semua info dari mesin pencari Google. Membaca artikel adalah kebiasaan besar bagi para trader baru untuk belajar dengan cepat. Apakah Anda setuju dengan saya dalam hal ini? Bagaimana kita bisa hidup tanpa Google?

 

[Vynche]

Sebelum investasi atau masuk ke dunia trading forex, kalian musti paham bisakah kalian mengatasi loss atau enggak. Kalian tanya ke diri sendiri dulu apa kalian udah kuat secara mental dan psikologis buat menghadapi loss yg bakal selalu menghantui kehidupan forex kalian.

 

[Jhonny Rapid]

The market is just getting started 24 hours per day, five days every week, anywhere on the planet. It begins Monday morning in Australia in the east and finishes Friday afternoon N.Y. time in the west. There are no commissions for opening and shutting accounts. There are no assessments either. You are your own lord, trading positions and executing activities without anyone else; without requiring anybody to accomplish the work for you. Its enormous size brings unlimited chances, with a huge number of champs each day.

 

[Joy denil]

Big capital even can’t help the traders if they don’t have enough trading knowledge and experience. So, before start Forex trading a trader should only focus to learning Forex trading. I learn Forex trading by attending the free seminar classes given by my broker Forex4you. This is a real and supportive broker I meet in my whole trading life. They also allow no minimum deposit service to the newcomers in their platform.