Pivot Points Anticipate Forex Market Breakouts

Wouldn't it be great to be psychic? Wouldn't it be great if when you sat down to make your Forex trade you could somehow know ahead of time when and where the market was going to breakout, and ride that baby to maximum profits?

It's one thing to look back on a month of charts and point out where all the pivot points occurred, and see where the best pivot reversal points were, but it's an entirely different thing to be able to see and anticipate the pivot reversals as they are happening, and to make profit from them.

A pivot point, when it is part of a pivot reversal, is basically the turning point where a currency pair hits the highest point of a high trend, or the lowest point of a low trend, before retracing back the direction it came. Basically, the "new high" or "new low" will help show you how far the market is willing to go in either direction before it reverses course back into itself. This is critical!

The reason these pivot highs and pivot lows are so important is that the area between the pivot high and low bars is where you will notice most of the price action, but there are certain breakout days when the market will shoot past the current range, and these days are the pivot reversal breakout days. These are denoted by large movements in the market that are fueled by strong momentum. Remember: large movements + strong momentum = HUGE PROFITS!

Pivot points can lead to pivot reversal breakouts, and these opportunities are too good to ignore. Now you have knowledge, but knowledge is power (or in this case, profits) only when you know how to use it right! When a pivot reversal happens, you want to see whether the market breaks a new higher high or a lower low. Once you have this information, here's the basic rule for how to act on it:

1. If the market goes higher than a pivot high, you want to BUY!

2. If the market drops lower than a pivot low, you want to SELL SHORT!

It usually takes a day for the breakout to occur. Sometimes the breakout won't materialize. That's fine. If that's the case, close out your positions and wait for the next pivot reversal. Have patience, and you will bag that big profit day.

Make sure that these trades are performed with a one day time table in mind. Once the breakout occurs, close your position at the end of the trading day to protect your gains. Follow this advice, and you will be a very happy and wealthy Forex trader.

And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/

From Jason Fielder: Founder, ForexImpact.com

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Your Trading Type

Everyone is different. So it would make sense that everyone has a different trading strategy. Developing a trading strategy that fits you should be the goal of every new trader.

Most people do not realize that someone else's strategy may not work as well for you as it does for them. They may draw support lines different then you or they may decide to move up there stops at different times then you do. Every little thing matters. This is why it is important to create your own system.

The first part of that is finding which strategy fits your personality. Do you like the high probability trades that you can get from option selling? Selling out of the money options doesn't attempt to strike it rich with one big trade, but tries to gain a smaller consistent income every month.

Maybe you want the quick profits and losses that come with swing trading. Making huge returns when you are right and taking small losses when you are wrong allows you to seek out the huge short term returns. Or maybe you want even quicker profits that come with day trading. Gaining small profits throughout the day can add up after all.

Maybe you are the fundamental investor who prefers to buy a fundamentally strong stock and hold onto it for the long term. This is the easy do your research, buy it and forget it approach. This way you don't have to worry about short term movements, but you will most likely not make as big of a return.

Whatever strategy you choose it is important to develop a system for trading it. Sticking with that strategy to get it to work out is also a key to making a good return in the markets. If you constantly go from one strategy to another you will not get anywhere. But if you stay with it and continue there is no telling how far you will be able to go.

For more information about stock market traders visit http://www.stocks-simplified.com/stock_market_traders.html

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My Online Curreny Trading Experiences

I'm going to share a little about my online currency trading experiences that I have learned a lot from. I actually started to get into this business a few years ago and let me say that I wasn't very good. I had a lot of bad trades and I wasn't even sure I could get this to work. I sticked with it and worked hard, since I really wanted this to work and one day, everything just started to click. I just started to understand fully what I was doing and I could easily spot a good trade.

I think the best piece of advice I could give you is to diversify as soon as you figure out how to make a profitable trade. The problem for a lot of people in this business is that they stick with one pair and typically trade for the short term. I think both are good moves though. When you stick with one pair, you can really learn it and when you trade short term, your money is in and out very fast. The problem is that it builds no security. If that pair because unprofitable, than you become unprofitable. Online currency trading needs to be a balance of trades, so you can profit with less risk.

Take the time to appreciate your demo. It's not a tool to test out how you can make millions with a strategy. It isn't for that. It's meant to practice the routines and behaviors of a smart forex trader. That is the only way it should be used.

Street Smart Forex is a new unique way at looking at the online currency market. There is a huge opportunity to profit, but you need to look at the world a little differently to achieve that. A street smart attitude is the key to winning over this market.

Learn more at the Street Smart Forex Review.

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Is Forex Day Trading For You?

Day trading in the forex market may sound fun and exciting, but is day trading really the way to make money? Forex day trading can be profitable, partly because the forex "day" is longer than the stock market day.

Forex has been described as a twenty-four hour market. In some respects, that is true. You can trade forex twenty-four hours during the weekdays. However, the market closes Friday evening at 5:00 pm EST. Trading volume drops off considerably after 12:00 noon EST on Friday and does not pick up again until later in the week. Some forex traders prefer to wait until a trend gets established late Monday, or even Tuesday, before placing trades.

In the U.S., a typical day trader in the stock market might place a trade at 9:30 am Eastern time when the stock market opens, and close the trade before the stock market closes at 4:00 pm. The stock market day trader has only a six and a half hour window for the trade to be profitable. The forex day trader, on the other hand, can place a trade at 7:00 pm Eastern time, during the opening of the Asian session, and has a twenty-four hour window in which to close out a day trade. That's almost four times longer than the stock market trader.

Although forex trading occurs twenty-four hours a day, most forex day traders prefer certain times that give a higher probability of success for trades. One way to increase probability of success is by trading when there is overlap between markets.

There are four forex markets: New York, Tokyo, Sydney, and London. New York opens 8:00 am to 5:00 pm EST. Tokyo opens 7:00 pm to 4:00 am EST. Sydney opens 5:00 pm to 2:00 am EST. London opens 3:00 am to 12:00 noon EST. London has the largest volume of trading, followed by New York, Tokyo, and Sydney. Some traders consider it a waste of time to trade during the Asian or Sydney sessions, when currencies are less active. For day traders to make money, currencies must make large moves. Many forex day traders prefer the opening of the London market, the opening of the New York market, and the overlap between London and New York.

Another advantage for the forex day trader is the impact of news. Company news that might move a stock price may not occur regularly. In contrast, interest rate and economic news that moves currency prices occurs frequently in forex.

The twenty-four hour forex day is helpful for novice traders with day jobs. The full-time employed day trader, by sacrificing a few hours sleep, can gain experience in day trading without jeopardizing a day job. And because forex brokers offer demo, or practice accounts, the forex day trader can go through the inevitable ups and downs and blown accounts without risking a dime.

Marcia Borden is a contributing writer for Forex Aura ( http://www.forexaura.com )

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Trading The Global Futures Market For Wealth Creation

With the persistent downward movement in the global stock market, the allocation of some portion of investment capital to futures trading can provide a means of achieving greater portfolio
diversification and a potentially higher overall rate of return on investments. Unlike investment in equity, a trader in futures market can make money when the market goes down as well as when the market goes up. There are also a number of ways futures and options on futures can be used in combination with other investments to pursue larger profits or to limit risks.

*WHAT IS A FUTURES CONTRACT?
Futures contracts are legally binding agreement to buy or sell a commodity such as metals or financial instrument such as stock indexes at a later date. Futures contracts are standardized according to the quality, quantity and delivery time and location for each commodity. There are two types of futures contracts, those that provide for physical delivery of a particular commodity and those that call for an eventual cash settlement. The commodity itself is specifically defined, as is the month when delivery or settlement is to occur. A july futures contract, for example, provides for delivery or settlement in july.
During the last two decades following the advent of microcomputer, participation in futures trading by individual traders has grown tremendously. Trading software has proliferated as an increasing number of traders have embraced online trading methods to participate in the global financial markets.

*TRADING THE FUTURES MARKET
Futures' trading is a technique whereby one can buy and/or sell a variety of raw and processed commodity items, as well as contracts on financial instruments, stock indices, and even individual stocks, for anticipated delivery at some point in the future. A person who buys a security futures contract enters into a contract to purchase an underlying security and is said to be 'long' the contract. A person who sells a security futures contract enters into a contract to sell the underlying security and is said to be 'short' the contract. The price at which the contract trades[the 'contract price'] is determined by relative buying and selling interest on a regulated exchange.

In order to enter into a security futures contract, you must deposit funds with your brokerage firm equal to a specified percentage[usually at least 20 percent] of the current market value of the contract as a performance bond. Moreover, all security futures contracts are marked-to-market at least daily, usually after the close of trading. At that time, the account of each buyer and seller reflects the amount of any gain or loss on the security futures contract based on the contract price established at the end of the day for settlement purposes[the 'daily settlement price']. For example, E-minus, like other futures are traded in units called 'contracts'. These contracts represent a bidding agreement to buy or sell electronic mini lot of a future contract at a specified price. You can buy contracts on oil, cotton, pork, bellies etc. Using E-mini S & P 500 futures index for our illustration, you earn [or lose] $50 per point per contract and pay a commission of $6. 20 per round trip.

Each movement of the contract between prices at which profit or loss is recognised is called a 'TICK'. For instance the S&P E-mini ticks like this:1422. 00, 1421. 75, 1421. 50, 1421. 25, 1421. 00
In other words it is divided into 4 ticks per point. Each full point is worth $50 per contract. Each tick is worth $12. 50. So if you made 6 points on 2 trades of 5 contracts each, your profit picture would look like this: 2 x 5 contracts x 6 points
=60 points x $50 =$3, 000

The only thing we have not taken into account in the above equation is the market maker's commission. Assuming the brokerage deal of about $6. 20, the commission would be $62. 00 for the trades[$6. 2 x 10], so your total profit on the 2 trades would have been $3, 000 - $62 =$2938.
The NASDAQ E-mini contracts are worth $20 per point. The NASDAQ E-mini ticks like this: 2420. 00, 2419. 50, 2419. 00.

Notice that the NASDAQ is only divided into 2 ticks per point. Each full point is worth $20. Each tick is worth $10 per contract. To trade E-minus or any futures contract for that matter you have to maintain a certain level of cash in your trading account. That amount is called 'Margin', if your broker requires a $3, 000 margin per contract [very common amount with many brokers for short term trading accounts then you would need $6, 000 in your account to trade 2 contracts. You will also need some funds over and above that as a cushion, just in case the trade does not go your way. So as in the above example, if you had a $3, 000 margin and wanted to work with 2 contracts, you would need to have about $8, 000 in your account [$6, 000 for the margin and $2, 000 cushion]. You could do it with less, but you will be required to have at least the margin in your account or you won't be allowed to make any 2 contract trades. Commissions are often expressed in terms of 'Round Trips'. That means a buy and sell, or a sell and buys. Each time you get in a trade and then back out is a round trip. You will see various prices all over the net for these commissions. Some brokers will give you a very low commission rate, but a higher margin. It is worth it to you as a trader to pay a slightly higher commission if you can get a nice low margin! The low margin will allow you to play with more contracts and increase your profits with less money in your account.

*PARTICIPATION IN FUTURES MARKET
Individual, investment group or corporate organisation can trade in any of the major futures market of their choice. This is made possible by the advent of online trading. Online trading allows traders to actively participate in buying and selling of futures and equity in any major stock exchange market across the world. The trader is link up directly into the market through software called platform.
A platform is the software you will actually use to make trades with. Your demo account is a platform. When you go live you will be using the same software or platform [or at least you should learn the platform, is part of the battle in becoming a trader] that you used with your demo. Since trading in the global futures and equity market is real time, therefore, an aspiring successful trader must have the right tool, system and attitude to succeed. Traders must also have some level of capital and the relevant knowledge required to analyse the market proper. There are two ways to carry out market analysis. [a] Fundamental analysis [b] Technical analysis.

Fundamental analysis focuses on external factors such as interest rates, the general economic performance, and social and geo-political factors that drive supply and demand that affect the performance of companies that makes up the component units of financial markets. Three main factors that impact stock market movements from a fundamental perspective are:

[a] GOVERNMENT POLICY AS IT RELATES TO INTEREST RATE: The cost of borrowing within the local economy. Since this is a direct cost to corporate organisations, it has an effect on profitability on companies operation.

[b] ECONOMIC INDICES: These are the indicators that show the state of health [performance] of the economy of the country where the market is situated in one hand and the state of world economy in general.

[c] GEO-POLITICAL FACTORS: This is the extent of social stability across the world. The effect of events such as crisis, change in government, natural disaster, threat of terrorist attack, policy changes play a significant role in determining the ability of corporate world to operate profitably. While technical analysis involves the forecasting of stock price movement based solely upon statistics and price pattern. Simply put, technical analysis is the analysis of the market based on price action. While fundamental analysis looks at economic factors and geopolitical conditions [such as economic numbers, capital flows and key political events] in an attempt to forecast exchange rates;technical analysis relies on the statistics and patterns in price movement for its forecast. Technical analysis has gained great popularity in recent history, especially as trends in computerized trading continue to develop and active traders continue to refine their strategies to best assess what is going on in the market at all times. Coinciding with the increasing popularity of computerised trading across all investment arenas is the ability for traders to employ technical analysis. As markets tend to become inundated with information and as charting applications are able to provide traders with an increasing array of data, technical analysis has become both practical and relevant. I n today's marketplace, technical analysis has become an essential tool for any aspiring trader.

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