Before entering a Trade check:
- Euro/Asian Market Currency Strength (check the Dashboard)
- Money Management (check TOOLS)
- Best Time to Trade the Forex Market (check TOOLS)
- Calendar News at the Forex Factory page
Note: we recommend you have all the PDF files printed so you can easily check before entering a trade.
If you don't understand some of the terms we use, please check our Forex Glossary of Terms in the TOOLS page.
AUD 1 USD 2 EUR -1 GBP -7 NZD 1 CAD -4 JPY 7 CHF 1
As a general rule, you should always trade the weak against the strong currency. On this example, the GBP is weak showing -7 and the JPY is strong showing 7. As you can see you have narrowed down the charts that needs to be analyzed from the 28 currency pairs to just 2 instantly.
- Using a MTFA: Multiple time frame analysis is the inspection of trends, starting with the larger trend and time frames, and working backwards down to smaller time frames.
- To consider a trade the H4 chart has to point in the same direction as the Dashboard power. The best scenario is when H4 and D1 charts are in agreement trending in the same direction you are going to trade.
- When the moving average cross over (Green line / Red line) on any time frame is where the trends start. The H4 chart is the minimum trend to consider an entry decision.
Support & Resistance
Note: We provide Support & Resistance indicators to our customers when they sign-up as VIP Members.
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.