Firday, September 28, 2007
Trade 003
BUY GBPUSD
Entry : 2.0265
TP : n/a
SL : n/a
-------------------------
Current Results:
+ 192 pips
Saturday, September 29, 2007
Thursday, September 27, 2007
Sept 26th - Trade 002
LONG
GBPUSD
Entry at 2.0116
TP: n/a
SL: n/a
------------
Result:
set trailing stop, current P/L : + 58pips
see 'comments' for final results.
GBPUSD
Entry at 2.0116
TP: n/a
SL: n/a
------------
Result:
set trailing stop, current P/L : + 58pips
see 'comments' for final results.
Wednesday, September 26, 2007
Sept 26th Trade Signal
Matsys-D Signals issued on September 25th, 2007 at 08:00 AM Eastern Time. Good till 08:00 PM Eastern Time. FIRST TOUCH
Eur/Usd - BUY
Entry : 14063
SL : 14024
TP1 : 14102
TP2 : 14155
Eur/Usd - SELL
Entry : 14183
SL : 14222
TP1 : 14144
TP2 : 14096
GBP/USD - BUY
Entry : 20079
SL : 20023
TP1 : 20135
TP2 : 20198
GBP/USD - SELL
Entry : 20239
SL : 20295
TP1 : 20186
TP2 : 20116
Thanks,
Fxwintrades Usage Guidelines: Matsys D Pilot Twice daily (market conditions), in the morning between 8:00 and 9:30 am and in the evening between 8:00 and 9:30 pm Eastern time (New York) we will send an e-mail to the participants with trading signals for up to three currency pairs. The participants then choose to place entry orders for these signals complete with entry price, stop, and 2 target. The entry orders will run until good time or cancelled by another email; or replaced by a new order. The trades will run until they reach the stop or targets; or until they are closed by another e-mail before good time. Without any notice all trades close at good time (8 am or 8 pm). Of course the individual trader should excercise discretion based on his experience, judgement, and willingness to risk.
Tuesday, September 25, 2007
Sept 25th Trade Signals
Matsys-D Signals issued on September 25th, 2007 at 08:00 AM Eastern Time. Good till 08:00 PM Eastern Time. FIRST TOUCH
Eur/Usd - BUY
Eur/Usd - BUY
Entry : 14045
SL : 14007
TP1 : 14083
TP2 : 14134
Eur/Usd - SELL
Entry : 14165
SL : 14204
TP1 : 14126
TP2 : 14077
Entry : 14165
SL : 14204
TP1 : 14126
TP2 : 14077
GBP/USD - BUY
Entry : 20052
SL : 19996
TP1 : 20108
TP2 : 20174
SL : 19996
TP1 : 20108
TP2 : 20174
GBP/USD - SELL
Entry : 20212
Entry : 20212
SL : 20265
TP1 : 20156
TP2 : 20093
Thanks,
Fxwintrades
Usage Guidelines:
Matsys D Pilot
Twice daily (market conditions), in the morning between 8:00 and 9:30 am and in the evening between 8:00 and 9:30 pm Eastern time (New York) we will send an e-mail to the participants with trading signals for up to three currency pairs. The participants then choose to place entry orders for these signals complete with entry price, stop, and 2 target. The entry orders will run until good time or cancelled by another email; or replaced by a new order. The trades will run until they reach the stop or targets; or until they are closed by another e-mail before good time. Without any notice all trades close at good time (8 am or 8 pm). Of course the individual trader should excercise discretion based on his experience, judgement, and willingness to risk.
Sept 25 - Trade 001
Long GBPUSD
Price: 2.0116
TP : N/A
SL : N/A
----------
result:
Trailing Stop set: current SL at 2.0171 (+55 pips)
Final Result: +66 pips
Price: 2.0116
TP : N/A
SL : N/A
----------
result:
Trailing Stop set: current SL at 2.0171 (+55 pips)
Final Result: +66 pips
Monday, September 24, 2007
Margin : Prevents Negative Balance
Trade stations have margin management capabilities. In the even that funds in the account fall below margin requirements, the broker's dealing desk will close all open positions.
The new NFA rule requires a minimum 1% margin at all time to maintain an open trade.
Based on 1% margin requirement
Example 1 : GBP/USD
rate: 2.0242/2.0246
account type: 100,000/lot account
1% leverage: 100,000x0.01(1%) = 1000units
When you are Long(buy) GBPUSD, the margin required is:
2.0242 (GBP/USD) x 1000 (units of the base currency GBP) = USD2024 for each lot.
Some brokers require $1,800 margin for GBP pairs.
Example 2: EUR/USD
rate: 1.4109/1.4111
account type: 100,000/lot account
1% leverage: 100,000x0.01 (1%) = 1000units
When you are long(buy) EURUSD, the margin required is :
1.4111 (EURUSD) x 1000 (units of base currency EUR) = USD1411 for each lot.
Some brokers require $1,300 per lot in margin for EUR based pairs. In general, a margin of $1,300 allows you to control a $100,000 spot currency position. This is an efficient use of trading capital as the leverage in futures and stock markets is much lessers.
Example 3: Where the USD is the Base currency, the margin requirement is USD1000 (ie 1% of 100,000)
When you are long USDCHF, USDJPY etc the margin required is USD1000 for each lot.
The new NFA rule requires a minimum 1% margin at all time to maintain an open trade.
Based on 1% margin requirement
Example 1 : GBP/USD
rate: 2.0242/2.0246
account type: 100,000/lot account
1% leverage: 100,000x0.01(1%) = 1000units
When you are Long(buy) GBPUSD, the margin required is:
2.0242 (GBP/USD) x 1000 (units of the base currency GBP) = USD2024 for each lot.
Some brokers require $1,800 margin for GBP pairs.
Example 2: EUR/USD
rate: 1.4109/1.4111
account type: 100,000/lot account
1% leverage: 100,000x0.01 (1%) = 1000units
When you are long(buy) EURUSD, the margin required is :
1.4111 (EURUSD) x 1000 (units of base currency EUR) = USD1411 for each lot.
Some brokers require $1,300 per lot in margin for EUR based pairs. In general, a margin of $1,300 allows you to control a $100,000 spot currency position. This is an efficient use of trading capital as the leverage in futures and stock markets is much lessers.
Example 3: Where the USD is the Base currency, the margin requirement is USD1000 (ie 1% of 100,000)
When you are long USDCHF, USDJPY etc the margin required is USD1000 for each lot.
What is Forex ???
You may have now started trading, won some pips, lost more pips. Let's get a bit of refreshment.
What is Forex Trading?
Forex or Foreign Exchange is the simultaneous buying of one currency and selling of another.
The Forex Market has more buyers and sellers and daily volume than any other market in the world and takes place in major financial institutions across the globe. The forex market is open 24 hours a day five days a week.
Buying/Selling
In the forex market, currencies are always priced in pairs and all trades result in the simultaneous buying of one currency and the selling of another. The objective trading is to buy the currency that increase in value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.
Quoting Conventions
Currencies are qouted in pairs. The first listed currency is known as the base currency and the second is called the counter or qoute currency.
Currencies are quoted using five significant numbers, with the last placeholder called a pip
For example a EUR/USD quote 1.4112/1.4114
Like all financial products, forex quotes include a 'Bid' and 'Ask or a 'sell' and 'buy' price.
By quoting both the bid and ask in real time, brokers ensure that traders always receive a fair price on all transactions. As in any traded instrument, there is an immediate cost in establishing a position. This cost will vary between the different brokers and is sometimes called 'spread'.
For example, USD/JPY may bid at 114.91 and ask at 114.94, this 4 pip spread defines the trader's cost, which can be recovered with a favourable currency move in the market.
What is Forex Trading?
Forex or Foreign Exchange is the simultaneous buying of one currency and selling of another.
The Forex Market has more buyers and sellers and daily volume than any other market in the world and takes place in major financial institutions across the globe. The forex market is open 24 hours a day five days a week.
Buying/Selling
In the forex market, currencies are always priced in pairs and all trades result in the simultaneous buying of one currency and the selling of another. The objective trading is to buy the currency that increase in value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.
Quoting Conventions
Currencies are qouted in pairs. The first listed currency is known as the base currency and the second is called the counter or qoute currency.
Currencies are quoted using five significant numbers, with the last placeholder called a pip
For example a EUR/USD quote 1.4112/1.4114
Like all financial products, forex quotes include a 'Bid' and 'Ask or a 'sell' and 'buy' price.
By quoting both the bid and ask in real time, brokers ensure that traders always receive a fair price on all transactions. As in any traded instrument, there is an immediate cost in establishing a position. This cost will vary between the different brokers and is sometimes called 'spread'.
For example, USD/JPY may bid at 114.91 and ask at 114.94, this 4 pip spread defines the trader's cost, which can be recovered with a favourable currency move in the market.
Sunday, September 23, 2007
BMW Concept CS
Artile from Motor Trend.com
http://www.motortrend.com/auto_shows/coverage/112_0704_2007_shanghai_bmw_concept_cs_gallery/
2007 Shanghai: BMW Concept CS Gallery
Photography by Mike Floyd
BMW pulled somewhat of a Shanghai Surprise with its latest creation, a Gran Turismo-styled vehicle called the Concept CS. Clearly, there's plenty of Bangle in the new design, with flame surfacing and a version of the now famous rear end treatment, along some heritage features such as the return of the 'shark nose' front end. Check out the cut line above the rear fenders, there's a little Dodge Charger in there. BMW says the CS sports potential new design themes which the automaker says signal the next step in what its design language could look like. Should the CS enter production, it would likely slot in as a flagship model above the current 7-Series and would likely be powered by BMW's 6.0-liter V12. Could this mean the return of the 8-Series? We're not sure, but here are some photos fresh off the show floor.
http://www.motortrend.com/auto_shows/coverage/112_0704_2007_shanghai_bmw_concept_cs_gallery/
2007 Shanghai: BMW Concept CS Gallery
Photography by Mike Floyd
BMW pulled somewhat of a Shanghai Surprise with its latest creation, a Gran Turismo-styled vehicle called the Concept CS. Clearly, there's plenty of Bangle in the new design, with flame surfacing and a version of the now famous rear end treatment, along some heritage features such as the return of the 'shark nose' front end. Check out the cut line above the rear fenders, there's a little Dodge Charger in there. BMW says the CS sports potential new design themes which the automaker says signal the next step in what its design language could look like. Should the CS enter production, it would likely slot in as a flagship model above the current 7-Series and would likely be powered by BMW's 6.0-liter V12. Could this mean the return of the 8-Series? We're not sure, but here are some photos fresh off the show floor.
How to Trade???
You dont need to be a Proffesor, PHD, degree holder to do forex trading, instead you just have to read my blog :), i will try to make everything easy for you. Now, before you enter a trade, there's a few things you need to understand.
1) Currency Pair
EURUSD - Euro per US Dollar, GBPUSD - British Pound per US Dollar, and etc.. Fore instance, GBPUSD price is at 2.0010, this means, 1 USD = 2.0010 GBP. For beginners, you may use EURUSD and GBPUSD as your main currency pairs.
2)BUY or SELL?
What is the next move of the currency pair you choose? North or South?
Let say at 8am early in the morning, GBPUSD is at 2.0150 and you enter a trade at this time. at 8pm in the evening, GBPUSD is at 2.0250 (rised 0.0100 or 100pips). If you entered BUY GBPUSD at 8am, you won 100pips, if you entered SELL GBPUSD at 8am, you made a 100 pips lost at 8pm. However, price falls and rises, it could fall 100 pips today and rise 200 pips tomolo. Win or lose is determined by the time you close the trade.
3)Open Position and Close Position
After you decided to BUY or SELL, its time to OPEN POSITION. In your MT4 Trading Platform, right click on the chart and select 'Trading' -> 'New Order'
Clicked BUY or SELL. You have now opened a position, and you will get to earn profits when the price goes the right way. If you clicked BUY, expect the price to go up, if you click sell, expect it to go down.
Monitor your trade. When you have made enough profits/loses, you can close the position to stop further loses or secured profits.
1) Currency Pair
EURUSD - Euro per US Dollar, GBPUSD - British Pound per US Dollar, and etc.. Fore instance, GBPUSD price is at 2.0010, this means, 1 USD = 2.0010 GBP. For beginners, you may use EURUSD and GBPUSD as your main currency pairs.
2)BUY or SELL?
What is the next move of the currency pair you choose? North or South?
Let say at 8am early in the morning, GBPUSD is at 2.0150 and you enter a trade at this time. at 8pm in the evening, GBPUSD is at 2.0250 (rised 0.0100 or 100pips). If you entered BUY GBPUSD at 8am, you won 100pips, if you entered SELL GBPUSD at 8am, you made a 100 pips lost at 8pm. However, price falls and rises, it could fall 100 pips today and rise 200 pips tomolo. Win or lose is determined by the time you close the trade.
3)Open Position and Close Position
After you decided to BUY or SELL, its time to OPEN POSITION. In your MT4 Trading Platform, right click on the chart and select 'Trading' -> 'New Order'
Clicked BUY or SELL. You have now opened a position, and you will get to earn profits when the price goes the right way. If you clicked BUY, expect the price to go up, if you click sell, expect it to go down.
Monitor your trade. When you have made enough profits/loses, you can close the position to stop further loses or secured profits.
Start Trading with Demo
Click Here Download the Trading Platform
This is the Interbank FX MT4 Trader program window. The windows are anchored to each other by default but you can manipulate them in a variety of ways. Most windows are easily positioned anywhere on the screen.
Install the downloaded file and open the software. For the first time you open the software, you will be asked to fill up a form, simply fill up the form and proceed. AFter your account id and password is generated, you may start trading.
This is the Interbank FX MT4 Trader program window. The windows are anchored to each other by default but you can manipulate them in a variety of ways. Most windows are easily positioned anywhere on the screen.
Install the downloaded file and open the software. For the first time you open the software, you will be asked to fill up a form, simply fill up the form and proceed. AFter your account id and password is generated, you may start trading.
Saturday, September 22, 2007
Message From Chad Lau
Hello, and welcome to Forex Air blogspot. My blog is created to share the concepts of Technical and Fundamental analysis, and demonstrate how to apply these methodologies to your trading account. I hope all newbie or beginner can start thinking and acting like a trader, and i will try my best to give you the proper tools and mind set to trade with confidence in the Forex markets.
For beginners,
You are responsible for opening a Demo Account and practice with each Technical Indicator. Please keep a TRADING JOURNAL, record every thoughts that you have, every move that you take, every bit of your emotions, your feelings. It may sounds stupid to write something like "Oh my god!, eurusd is falling again, i'm losing more than 100 pips, I'm feeling nervous, should i close the trade? should i wait ? maybe this is the bottom, it will rise again....", however, this is your own true self, YOU! You are now facing the game, facing yourself, yourself is the enemy. So, writing about yourself/enemy in your Trading Journal will help you know better of yourself/enemy. Now you know what you were, ask yourself, 'Am i a Forex Trader?' (please answer YES), and change your incompetence attitudes. When people made a losing, they can't help it but to blame the market, blame the news, blame everything, Blaming won't help in trading nor your life!
Please do not be afraid to make mistake, like Rober T. Kiyosaki said : "The biggest mistake is No Mistake".
I wish all of you the best of luck, and happy trading!
Sincerely,
Chad Lau.
BWW Network
For beginners,
You are responsible for opening a Demo Account and practice with each Technical Indicator. Please keep a TRADING JOURNAL, record every thoughts that you have, every move that you take, every bit of your emotions, your feelings. It may sounds stupid to write something like "Oh my god!, eurusd is falling again, i'm losing more than 100 pips, I'm feeling nervous, should i close the trade? should i wait ? maybe this is the bottom, it will rise again....", however, this is your own true self, YOU! You are now facing the game, facing yourself, yourself is the enemy. So, writing about yourself/enemy in your Trading Journal will help you know better of yourself/enemy. Now you know what you were, ask yourself, 'Am i a Forex Trader?' (please answer YES), and change your incompetence attitudes. When people made a losing, they can't help it but to blame the market, blame the news, blame everything, Blaming won't help in trading nor your life!
Please do not be afraid to make mistake, like Rober T. Kiyosaki said : "The biggest mistake is No Mistake".
I wish all of you the best of luck, and happy trading!
Sincerely,
Chad Lau.
BWW Network
Friday, September 21, 2007
Welcome to my Blog
Good day everyone,
I'm a newbie to blogging, hope i can make this blog as famous as possible, please keep up to my blog, and you are welcomed to leave any comments.
Cheers,
:P
Chad
I'm a newbie to blogging, hope i can make this blog as famous as possible, please keep up to my blog, and you are welcomed to leave any comments.
Cheers,
:P
Chad
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