Here are 2 of the 5 simple indicators I will teach you to spot winning trades:
MACD Divergence: Over the years numerous technical indicators have been developed to describe the Forex performance, or, hopefully to predict future price movements. In this section we introduce five of the most useful indicators, provide examples, and explain how they are calculated. MACD MACD stands for Moving Average Convergence and Divergence. It is simply the difference between a shorter period exponential moving average and a longer period exponential moving average. For example, MACD(8, 17) = EMA(8) - EMA(17)The MACD is often plotted together with a "Signal Line," the 9-day moving average of the MACD. A basic MACD signal is to buy when the 9-day signal line moves above the MACD line and to sell if it crosses below the MACD line. Sound easy? Because it is, you just have to be patient to wait for it to happen. Doesn't sound easy? Don't worry because it is a visual learning curve and you will have it down in no time.
Pivot Points:
Support and resistance in the market is fundamental to your success. For most traders plotting those lines correctly on a chart is another story. That is why I daily email the support and resistance (or pivot points) directly to you. These points are so convincingly accurate as to where price stalls or reverses that you will think I have a crystal ball. But I don't, it's just the cycles of the market repeating themselves. Like learning to read music or another language, once you can read charts you can calculate and see the correct support and resistance points. But just to make your learning curve quicker I will provide them to you five days a week.
Once you understand the current price as it relates to the next pivot point you will understand where the market is moving. I teach that 90% of the time, price must break a support or resistance point before you enter a trade. Following that simple rule along with using the other indicators will make you money 70% of the time. With proper money management, 70% of the time is plenty for you to make a fortune.
My other three indicators are trendlines, Fibonacci, and candlestick reading. My DVD course explains them all in detail and my one year support makes sure you have the highest possible chance of success at manual trading. The best news is that even if you give up down the road or "don't get it" you can always use the automated Trade Robot. Lastly you can demo or paper trade on either system for as long as you want. There is no pressure or rush to get into the market until you are comfortable.
The Power of Compounding
There is only one way to make serious money in the Forex market. You apply a systematic approach, compounding over time as you go. Patience is a virtue and if you can't achieve 100% returns every month that's all right. If you can manage to make 50% a year in your trading (and you most likely can if you only used the Trade Robots), you can grow an initial $20,000 to over $616,000 in only seven years. Trust that time and the power of compounding will take over, if you stick with your strategy.
Hypothetical investment of $20,000 (annual rates of return compounded monthly):
Year
30%
40%
50%
1
$26,897
$29,642
$32,641
2
$36,174
$43,933
$53,274
3
$48,650
$65,115
$86,949
4
$65,429
$96,509
$141,909
5
$87,995
$141,039
$231,609
6
$118,344
$212,002
$378,008
7
$159,160
$314,214
$616,944
http://www.ForexProfits.co.uk

