HOW TO USE THE DASHBOARD AND ALERTS

The Dashboard/Alerts are by the hour. For the USA traders the Dashboard/Alerts will start at 7 am to 12 noon NY time. The alerts are particular to the hour. For the European traders the Dashboard/Alerts will start 3 am to 10 am NY time.

On the top of picture above show CHF down.
On the left corner show the time 10:18:21 also show on the same line the reset time 10 am.
To trade you must wait for the first alert of the hour and for the second opposite alert (one currency going up and the other one going down). On the picture above is 10:01:26 CAD is up, and the second opposite alert on the picture above GBP is down at 10:10:49, also NZD and CHF are down. Check the trend and the Dashboard before entering the trades, minimum trend 1H. We are using Heiken Ashi to determine the trend.
On the same picture shows JPY is up at 10:03:11 and the opposites are NZD and CHF.
We call these entries a “SLINGSHOT” one currency going up and the other going down.

Always use stop loss. Check our Money Management
Check the news for the session you are going to trade, paying attention to upcoming news is as important as everything else discussed here.
Before entering a trade check the Dashboard clock. The clock show EST time. If the time is stuck reset your browser.
Download a Best Times to Trade the Forex Market do get familiar to different time zones.

Risk Warning: Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, or using our software, you should carefully consider your investment objectives, level of experience and risk. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call, your position will be liquidated and you will be responsible for any resulting losses.

Translate »