Expert-4x

Alex du Plooy – Expert4x.com

Welcome to the EXPERT-4X

Forex blog

This is an open Forex Blog where you can participate and leave comments regarding any Forex Topic or posting on this blog.

Our aim is to provide Free and paid Forex trading support services and products to traders of all levels. The services could include answers to Forex questions, Forex courses, Forex techniques, Forex systems, alert services, Automated systems, EA’s, webinars, eBook, Videos, Forex brokers and articles which help Forex traders.

Please click on the topics in the menu above for more information about the content of this blog. We look forward to your participation, comments and feedback.

Please click on Comments, which are available in any Forex blog posting to leave comments relative to the blog topic. Alternatively leave general comments on this posting.

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The ATR indicator is one very often used to measure the volatility in the Forex Market. It measures the Average Range of candle in the time frame trades. Range is the difference between the candle high and the candle low. In other words it measure the average distance the price moves during a particular time frame. It the distance is bigger than that of another currency it means that the currency is more volatile and moves more than the other currency. The ATR indicator also can show us how the volatilty of one currency changes over time.

The ATR indicator was discussed in a previous posting http://expert-4x.com/forex-good-vibrations-and-the-average-true-range-indicator

Recent daily readings of the ATR indicator for major currencies show that the Forex market volatility has halved in the last few months. The market maybe less volatile due to increased worldwide uncertainty or the currencies maybe more managed than before. I would be interested to hear some opinions.

What this means to us as technical Forex traders is that the days of the common intra day 100 pips runs in the Forex Market are highly reduced. major currencies barely have a total daily range of 100 pips. Currencies appear more protected and will not trend as much as before on a intraday basis. Therefore late breakout systems relying of big runs will be less effective.

The good news is that retracement systems like channel trading as found in the Long Candle Course and vibration rate trading as used in the Good Vibrations system will be more effective.

Below are some ATR Indicator volatility chart of the major currencies in the Forex Market

EURUSD ATR Readings

THE USDCHF ATR Readings

GBPUSD ATR Readings

USDJPY ATR readings

Brought to you by Expert4x

The Double in a day Forex trading technique has recently been published in a free eBook.

See: http://expert-4x.com/free-forex-download-of-the-double-in-a-day-trading-technique

To assist forex traders with this technique a free Forex trading Club has been established.

This free Forex trading club will provide trading alerts and signals and will meet regularly in webinars. It will mainly trade the early European market.

If you would like to be a member of this club please click on the link below >

Double in a Day free Forex trading Club

The Double in a day has become very popular since trading accounts have been doubled a number of time recently.

This has resulted in a free forex Double in a day eBook explaining the technique.

This free forex ebook can be downloaded using this link

Double in a Day

WHATEVER YOU DO – DO NOT MISS THIS ONE

As you may know, Charles is one of the most professional, respected and principled mentors and coaches in the Forex industry. He has taught thousands of successful Forex Traders Worldwide. A former Manager at Morgan Stanley Dean Witter his objective is revolutionising the perceptive of the Forex market and to simplify forex trading so that virtually anybody can begin trading forex both properly and profitably.

FAPWinner offers many ways you can benefit from Charles’s vast forex experience from private mentorship groups, trading rooms, Trading EA’s, a Forex trading academy and a 13 month millionaire trading challenge. He does trade real money live in front of his student to show the trading methods taught.

Like Expert4x , FAPWinner believes that a Forex trader’s true success is based on quality education and hands-on trading experience. There are no short term, quick, off the shelf answer.

When registering you will be given an opportunity to convert the above time to your own timezone. Alternatively use http://www.timeanddate.com/worldclock/converter.html

For more information on the FAPWinner LLC website please click below

     FAPWinner

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Expert4x really hope you can attend this informative session

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Developing your Forex psychic and intuitive abilities

Developing your Forex psychic and intuitive predictive abilities is not a subject found in Forex courses and Forex techniques. The reality is that sometimes experienced traders just know that the price of a currency will drop or rise. Sure there are a number of confirming technical and fundamental analysis signals but in the end the trader just knows what will happen. These moments of clarity and certainty sometimes happen out of the blue. They also happen more often with experienced traders without them knowing it.

It is a bit like comparing a brand new car driver who is going for a licence test with a driver with 30 years driving experience. The new driver has a head full of technical information and rules which sometimes causes them to fail a driving test because they suffer from paralysis from analysis. They know all the 100’s of ways failing a driver’s test which makes them nervous and uncoordinated. Not too different to a new Forex trader.

The experienced driver knows what works and what does not so driving is easy. In fact their subconscious does most of the driving and most activities such as accelerating, braking and changing gears happens without much thought at all. They can focus on other important things such as reading and assessing the traffic – also mostly done subconsciously.

Experienced Forex traders succeed from being able to

• assess a chart in less than a second,
• reviewing the cross currency dynamics within minutes,
• knowing the probable impact of recent economic announcement and news events,
• assessing the nature of the Forex environment and market
• knowing a number of Forex trading techniques that are likely to work in the current conditions and which ones to avoid

Because of Specialised Knowledge and experience all this can take place a mere few minutes before trading.

They also know what size stops, targets, lotsizing and following stops generally give the best results without thinking. They know which sources of information are reliable and they may even have a network of other traders to swop perspectives with (Master Mind Group).  

80% to 90% of their actions are automated. Because 80% of trading is mentally automated making trading is a lot easier. These traders are not good educators because their actions have been mentally automated and programmed.  They can motivate say 70% of the reasons for their trades but most of the motivation is so obvious or automated that they don’t even realise that they have taken certain factors into account.  

They do not want to go back to the time when everything was quantified exactly with exact rules. Just like an experienced driver does not want to relearn all the traffic laws and redo their licence. Most of the Forex trading processes have been internalised by the subconscious and to bring this back to the conscious would be counterproductive and uncomfortable.

So where does that leave a new Forex trader. Does a new trader have to go through years of Forex trading to internalise the Forex trading actions so that the subconscious runs 80% of the trading processes.

The good news is NO. There are many ways of short circuiting the whole process and reduce years of trading experience into a few months. You can increase your Forex psychic , intuitive , predictive abilities by:-

• Basic back trading activities testing Forex trading, risk management and money management techniques on historic trading charts. You need to do this for a long period for the processes to become subconscious.
• Using simulated, time controlled Forex trading programmes which allows you to trade years of trading in a few days. This starts out as a mental analysis process but over time it becomes part of the subconscious processes.
• Using Forex trading programs to increase a traders predictive skills by posing hundreds of trading scenarios and asking the trader to predict the next market move – this alone increases prediction results from 40% to 80%+ over time. In the end the subconscious makes 80% of the decisions due to the nature of the tests.
• Using subconscious training program where the charts are exposed to the subconscious and the mental analysis minimised. The subconscious does all the data gathering, pattern recognition and predictive activities. A type of active transcendental meditation.
• Actual daily trading using the 1 minute and 5 minute charts of up to 9 currencies for a number of weeks. The subconscious will automatically start recognizing patterns and repeating market behaviours.

Most of these concepts on how to increase your Forex psychic , intuitive,  predictive abilities can be found in “Think and Grow RICH” by Napoleon Hill written published in 1937. There are a few more advanced techniques incorporating what Napoleon calls the Infinite Intelligence, Master Mind and Auto suggestion processes which help Forex traders move to the next level in their trading career. These and many more of Napoleon’s concepts will be discussed in future blog postings

Please remember Forex trading is a practical activity using established trading, risk and money management principles. You need a sound foundation of education and trading experience in these practical areas to benefit from the above processes.  

Please leave a comment if you have any experience in the above topics or would like to learn more.
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If you have a goal to double your Forex Broker accounts every day or every week or every month you need do your homework as to which trading account to use. Like a dentist or a plumber you need to use the best tools for the job at hand.

The following factors are important:-

1.    Broker Margin requirements or gearing

By Forex Broker margin requirements we mean how much margin you will have to have available in your trading account to finance a Forex transaction. Normally this is show like this 100:1. This means that the broker will finance a deal of say $100 000 and you are only required to put down a balance from your account of $ 1 000. Some brokers offer 500:1 which means you need less to finance Forex deals (only $200). In certain countries gearing or leverage is legislated (such is the case in the US) to say 50:1. This means that you need more of your own money ($2000) to finance your $100 000 Forex transaction.

If you want to double your trading account in a day you should use Broker Forex accounts with high leverage (500:1)

2.     Forex Spreads on currencies:

The higher the spread charged by your broker the less profit you make from your transactions. So go for brokers with low spreads

3.    Forex Broker spread management policies:

Many Forex brokers have a flexible spread policy. This allows them to vary the spread size according to the volatility or conditions in the market. They would for instance increase spreads near high impact announcements, at the close and open of weekend breaks or at time that they want to discourage trading such a between Christmas and New Year. Sometime this can make trade management more challenging.

You should weigh the advantages of fixed or no spreads with the disadvantage of flexible spreads when choosing an account you wish to use to double your money in a day  

4.     Margin call procedures

The normal procedure when a margin call happens is that your margin is returned back to your account straight after the margin call. Although we may not be using margin calls in this technique it is important to confirm the broker’s policy in this respect.

5.     Forex account types and maximum balances

You will have to enter the most accurate lot sizes for you “Double your Forex account in one day” approach. You need to know the maximum balances allowed for these account.

6.     Ease to transfer funds between accounts at the same Forex broker.

When using the Double your Forex account in one day approach traders need to have multiple Forex Broker accounts with one broker. The purpose of this is to transfer gains from the trading account to another trading account to safeguard any gains made.  

7.     Many different Broker accounts

When highly successful, one does not want to raise too much attention from any one broker. The “Double your trading account in one day” traders therefore use trading accounts of different brokers to split deals up. This prevents one broker being exposed to excessive gains on the account. This is especially important when your account balance exceeds $50 000.

You need to start your Double your Forex Broker trading account in one day with the best tools. Make sure you have many broker accounts available for the job. The way of lot sizing and transferring funds between broker accounts and various brokers will be explained in future modules.