***
NEWS TRADING
Tuesday, August 24 2010
[8:30am NY Time]
We’re getting the Core Retail Sales release from Canada today, and it is a high impact release which may change the short term trend of the market for CAD. Let’s look at the forecast:
Core Retail Sales Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.5% SELL 0.7%
The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.1%, if we get a -0.5% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 0.7% of actual release, I’ll be looking to SELL USD/CAD. I’ll be looking to trade this release using my after-news retracement method. The idea is to wait for the release, wait for market to spike first, and then wait for a decent retracement before getting in. For a more detailed analysis including Market and Pre-News, please read:

[10:00am NY Time]

US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:

Existing Home Sales Forecast 4.70M Previous 5.37M ACTION: USD/JPY BUY 5.10M SELL 4.30M

The Trade Plan
Because the Housing sector is one of the most important news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…

If our buy tradable deviation is hit, or 5.10M figure is released, we should look to BUY USD/JPY (or GBP/JPY) after the release. If our sell tradable deviation is hit, or 4.10M figure is release, we should look to SELL USD/JPY (or GBP/JPY) as risk sentiment should turn towards aversion.

We’ll be looking to trade this release using the after-news retracement trading method. We’ll wait for the release, wait for market reaction, and wait for retracement before jumping in. For a more detailed analysis including Market and Pre-News, please visit my blog.. Just a quick heads up…I’ve closed registration for 10Kto1MM formula 10 days ago and all of the seats were taken… After sorting out all of the duplicate orders and some cancellation requests ranging from emergency, personal reasons, or just plain old buyer’s remorse, a few more seats just became available… So I’m going to re-open registration for those who missed the last registration, and the doors will open again on Tuesday August 24, 2010 at exactly 12:01pm EDT. Registration will last only 12 hours, and will end at precisely 11:59pm EDT. I’ve also decided to keep 10Kto1MM at the bonus price because last time I changed price back to normal, for about 77 minutes, I’ve gotten over 40 phone calls and 120 emails requesting bonus price… So for the duration of this registration, I’d let everyone in at the same low price… I think it’s only fair.

The three main aspects we will look at to see if the CFD trading system will function for you are:

1. Test the statistics of the system first.
Before jumping on board of any CFD trading system you should do your due diligence on the very essential ‘numbers’ of the scheme. Some of the more main trading numbers to think of are the average win, average loss, expectancy for a hold for either for loss or win.

Whilst the marketing of any trading system for CFDs is usually brilliant and demonstrates fantastic returns, no one may hide from the real numbers of actual trades performed. One of the most essential trading numbers to consider is the expectancy of the system and will that expectancy aid you approach to your trading aims.

2. What kind of drawdowns does the system possess and are you capitalized to survive those drawdowns?

Most individuals who consider using a CFD trading scheme are just interested in the winning trades and quite often ignore the systems drawdown term. A drawdown is where your trading account sustains a period of losses.

Certain of the best and most profitable trading systems may have drawdowns in excess of 20 to 30% with no leverage. Think of if you annex CFD leverage to the equation you may notice that you could easily clean your CFD trading account quite fast. Always consider the maximum drawdown of the system and define the right risk management strategy to ensure you remain well capitalised.

3. Does the CFD trading system suit your psychological profile?
The last point to consider is if the system meets the requirements of your psychological profile. This can be a bit tricky as you need to understand how your mind works and which way you react to certain circumstances.

As an example you can not be able to handle a big percentage of losing trades but the trading scheme you are looking at is a trend following system with accidental big wins. As you can imagine the vast majority of individuals adore big wins and will overlook the huge percentage of losing trades and start trading a system that is just not appropriate for them.

Thus as you may notice there is a quite more to picking a winning CFD trading system that just trusting the marketing hype.

A few days back, one of the readers left a comment on my blog about the forex trading scalper that he was forced to close the trade manually as it was not closing the trade. Now, this problem can be due to using unoptimized settings or it can be due to the broker.

If you are using a narrow slippage setting like 3-4 pips than the robot will get a requote error due to which it may not automatically close the trade. If this is so you should test with a wider slippage settings. Now, always remember, you win, you broker loses and if you lose your broker wins. Trading is a zero sum game. So if you win, it has to be your broker on the other losing side.

What this means is that your broker will use all sorts of tricks to make you trip and lose. FAP Turbo was a very successful robot when it was launched. It was consistently doubling the capital. The brokers suddenly started widening the spreads when it would trade. Thus forcing it to lose the trade.

In the same manner, you may find mysterious disconnections when trading. If you ask the broker, he will blame the internet connection. Especially if you are trading a larger lot be careful. The best way is to trade a mini lot when using a forex robot in the beginning. Sometimes, the brokers will give error messages like misquotes and reqoutes. Whatever, there are many tricks the broker can use to make your forex robot lose a trade.

Then, many fx robots are scams. Many developers don’t know anything about forex trading. They copy and steal others code or just use the free code that is available online, rename it and start marketing it as a new fx robot. Now, trading with such a robot is of course a waste of time. What you need to learn is to spot these scam robot at the very start so that you don’t waste time with them.

Now, these five elite forex traders have developed a FREE Automated Trading Course called the Cyborg Master Strategies that you should download just now. This automated trading course is FREE and you will learn a lot from it. Let’s discuss what this automated trading course will teach you:

***Customizing your MetaTrader MT4 Platform is very important. Many new forex trader don’t know how to do it. This will be the first lesson in this Cyborg Master Strategies Automated Trading Course that will show you how to customize the MT4.

***Now many forex traders don’t know how to backtest and forward test a forex robot. This will the next lesson in the course that will teach you how to backtest and forward test a forex robot.

***You will also learn how to find the best settings for your forex robot. This is something very important.

***How to find honest and reliable brokers that will work with you to make your fx robot make money.

***How to protect your fx robot from unethical brokers.

***Learn different automated trading strategies that will enhance the performance of your fx robot.

***Learn automated trading industry’s most guarded secrets and tricks.

You need to download this FREE Cyborg Master Strategies Automated Trading Course just now and discover how you can make your forex robot work and make money for you.

Bill Poulos: I just spoke with Steve over at Forex BulletProof last night and now I can FINALLY reveal the good news he has for you…As of this very moment, the 10,000 available copies of Forex BulletProof are now available. But you have to hurry – over 15,000 people are on Steve’s waiting list, which means a good portion of those folks will snap up their copy before anyone else. Get yours here…

Here are the stats, according to Steve:
* Forex BulletProof has averaged a 5% monthly gain for the last 6 years…
* Over 4,000 lines of code make up this robot, while the average Expert Advisor has just 409 lines…
* BulletProof is the FIRST commercially available Forex robot to be coded for Strategy Trader, the latest trading platform from the FXCM brokerage…
* It also comes with live support and video tutorials, and a super low price…

If any of this is interesting to you, test it for yourself here…Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of Forex BulletProof!

Jason Fielder: This is the day that we’ve been waiting for. Forex BulletProof is Live! As of this very moment, the 10,000 available copies of Forex BulletProof are now on sale. But you have to hurry- over 15,000 people are on the waiting list. And in case you’ve forgotten what makes this robot so special, here are just a few of the highlights:

- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!
- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!
- Did I mention the live support and video tutorials?! And the super low price??

Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of BulletProof!

I hope this finds you well and having a great week! I’m contacting you today to give you a heads up about a new EA that just recently came across my desk, called Forex BulletProof. As you probably know, I get a ton of these offers emailed to me every week and I ignore most of them; but this one caught my eye for a few reasons.

First, the product doesn’t make any outlandish promises like so many of the other robots out there. The philosophy behind this robot is ’slow and steady wins the race’ and the creators put the safety and security of your money above all else. No, you probably won’t double your deposit over night, but it’s also highly unlikely that you will ever lose your deposit with BulletProof. The product claims to average a 5% monthly gain, which is very realistic. No hype here- I like that.

Second, this is the first commercially available EA that works on the new Strategy Trader platform, which was ‘ recently unveiled in Las Vegas by the brokerage, FXCM. I’m always a big fan of new technology, so I thought this was pretty cool!

And finally, the developers are offering live chat support for BulletProof, which is really unusual for a product in this price range. If you have any questions or problems downloading the robot, you can chat with a real person which is always nice! Oh, and that’s the other thing- Forex BulletProof is only $147.00, which I thinkis a real steal for a product of this quality….if nothing else, you’ve gotta see the cool comic book style videos they created to tell the story of how Forex BulletProof came to life!

- Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!
- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!
- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!
- Did I mention the live support and video tutorials?! And the super low price?? I think Steve has lost his mind (he could easily have priced this robot much higher), but you should seriously take advantage of it!

Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy of BulletProof! I am positive that this EA is going to change your life for the (much!) better, so don’t miss out! Drew: Forex BulletProof is LIVE…Go here and download this 6 years NO LOSS software *NOW*…then keep reading to access my $997 LIMITED & fully AUTOMATED bonus. For the first time EVER, I’ve decided to recommend another product other than my own. I never thought I’d see the day.

I’ve used over 550 different trading systems and I’ve traded for over 23 years, and apart from my own system, this is the only one I’m going to be testing out for a LONG time. It’s not every day that a system PROVEN to go 6 YEARS without a loss, hits the shelves. This is without doubt an amazing creation – just look here…I’m so excited about this new amazing software, I’ve prepared my own exclusive $997 BONUS for you. I’ve teamed up directly with the guys at FBP to give you a tool so awesome it will shock you.

The Xtreme FX Sniper is currently a private trading software I use so I have some BAD NEWS. But ONLY 53 Copies are available. That’s because this is highly private. It will NEVER be released to the public. Remember

- Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!

- Over 4000 lines of code make up this robot, while the average EA has just 409 lines!

- BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM! That’s right- an industry FIRST!

- Did I mention the live support and video tutorials?! And the super low price?? I think Steve has lost his mind (he could easily have priced this robot much higher), but you should seriously take advantage of it! Oh, and don’t forget to check the bottom of the page to see if you are one of the 10 lucky winners of a FREE copy
of BulletProof!

Possibly the most earnest obstacle to beneficial currency trading is a misplaced attitude. Currency frequently appeals to virulent gamblers who rarely oppose the prompt to set a bet in the lonely hope of satisfying their great fortune desire. How do we recognize a striving for gambling in forex? Trading too much with great margin is possible a particular indicator. One of the wiliest investors we comprehend was a chronic gambler and is at the present time a wealthy money manager. He has connected with several times that what consequently made him a beneficial currency investor were the lessons learned to vanquish his issue gambling. Those able of being upright with them will recognize any signs of the gambling. If you have a gambling issue please search for expert help, and elude currency trading. Some state any fiscal instrument trading is a kind of gambling since it draws into the getting a risk in expectancy of benefit. What is the dissimilarity between gambling and expert trading? Expert investors have a greatly created sense of insight. They get smart risk evaluation, customary erring on the side of heed, and determine dissimilar confirm alerts before going into the market; for them every deal is a possible revenue making advantage.

The currency is possibly the most genuine game on earth. Why do the probabilities very much favor those who detach so such of the currency game spoils? Because they are working against investors who are greatly deprived by there personal attitudes and behavior. It is a deal of statistical likelihood. You have a much advanced opportunity when the probabilities are in your favor, and that may just mean not being one of the investors with the probabilities indisputably against them. Adept investors enter the field when they have identified the probabilities heavily favor them, and not solely marginally so. They set their finances at risk solely when they get a high possibility of making revenue. Losses are particular to happen.

Before you make a decision to buy any forex trading signals, please make sure to visit this blog and read tips about how to choose forex trading signals, what data to check, how to test the signals – in other words, what to do to be sure that automated forex signals really work and can assist to enhance your Forex trading.

This shows that you get your Japanese yen finances and put it into something in the British pound trading. You will get a lot of deals from one currency to another if you get finances that are disconnected through out the currency markets. Currency market trading by investment conduct firms are the companies you can trust with your money. You need to get a company that has been working with currency trading since the beginning of the forex, and not somebody simply new on the block so you obtain the majority for your hard made finances. It is very crucial that you be certain of organizations that are appearing online, and frequently times from foreign states that are stating they are able make you drawn into the currency and trading. Read the fine print, and comprehend whom you are working with for the best real security.

If you are involved in trading on the currency market, you will see confined for investing are various from organizations to organization. Frequently you will get that you require a minimum of two hundred to five hundred dollars while other organizations will ask for thousand to ten thousand dollars. The organizations you are working with will make bounds in how much you require opening an account with their organization. The frauds that are in the internet will state you that you solely require a dollar or two to create an account, but you require to get more about that organizations and where they are implementing business before putting finances in the deals this is for your personal security while working with the currency market and this field online.

One of the ways to improve your currency trading performance is to use forex trading signals. But, be prepared to the fact that now the market full of forex trading signals – do you really think that all of them work nicely and bring profit?

Surely no. So we seriously recommend you to visit this blog and
find out how to choose forex signals service that really work.

Which is the best market or what is the best business that can make millionaires? Forex market is the best market that has and will make many millionaires and forex trading is the best business. Just imagine, it was 1977, Bruce Kovner was a NYC Taxi Cab Driver who had no money.

He was fed up with driving the taxi all day. So, he borrowed $3,000 on his credit card and started trading forex and futures. Imagine, how much he ended up making in one decade! Yes, $11 billion. Can you imagine a person starting with only $3,000 and ended up making $11 billion. Let’s take another example!

Robert Iaccino was a Chicago Truck Driver who was fed up with driving truck all day. He decided once for all to quit truck driving and learn forex trading. Today, he is considered to be an authority on forex trading and regularly appears on CNBC, FOX Business, Bloomberg, CNN Money and a host of other financial media channels.

Whatever, you too can learn forex trading and make a million dollars in just under 12 months. Let’s do out maths! Let’s say we start with $10,000 in our trading account and every month we make 20% return on our trading capital. Let’s start by making 20% ROI each month;

$12,000

$14,400

$17,280

$20,736

$24,883

$29,859

$35,830

$42,996

$51595

$61,914

$74,296

$89,155

Not bad but we couldn’t make our one million dollars. This time, let’s start by making at least 50% ROI each month. Let’s do the maths;

$15,000

$22,500

$33,750

$50,625

$75,937

$113,905

$170,857

$256,285

$384,427

$576,640

$864,960

$1,297,440

Not bad. So we did it with an ROI of at least 50%. But the important question is how to achieve this ROI of 50% each month. Easier said than done. What you will need is a proven and tested trading system that can give an ROI of 50% each and every month for the next 12 months so that you can make your $1 million with a starting capital of $10,000!

Meet Henry Liu, a professional forex trader who is an expert of news trading. You should take a look at his 10K into 1MM Trading Formula. He is going to take you by hand and guide you step by step in his program to turn your $10K into $1 Million in just under 12 months.

There will be many pitfalls along the way but with Henry on your side as your coach and mentor, I am sure, you are going to make it. You see, traders make a lot of mistakes. And it is not easy for a trader to figure out where the mistake has been made. But with someone looking over your shoulder, it is always easy to revise and improve upon. So, if you are really serious about turning $10K into $1 Million in less than 12 months than you must meet Henry Liu!

What you need is a trading plan that can minimize your risk and safely turn your $10,000 into $1 million in just 12 months. Risk and money management is the most important part of any trading system that many traders simply cannot comprehend how to do it. You goal is to grow your capital safely and securely overtime not risking too much but at the same time, not being too cautious either. Henry Liu will teach you how to do it. Once, you have made your first million dollars, you can then do it over and over again. Good Luck!

Best foreign exchange robots online develop an actually discerning interface that lets agents concentrate on brokerage instead of messing around with extremely multifaceted and sophisticated program packages. We must as well state here that specific interfaces should normally provide an enlightening knowledge, so that inexperienced dealers expand their comprehension and knowledge of the FX market and then ultimately turn out to be influential powers and applicants in the Forex arena when it be their wish. To come to the point, the innovative and influential robots for Forex trading will present Forex trading directions, video courses and lectures and also offer client meetings to favor their merchants advancement and achievements. The traders can get infinite practice type accounts at which place both beginner and veteran dealers may enhance their proficiency and knowledge and assess their strategies and procedures while applying authentic currency values. On the whole, we should have effectively designed influential instruments that covers an extremely large sector of the FX trading organization. Basically, the perfect foreign exchange brokerage platform must be created to supply the budding wholesale fragment of the Foreign exchange industry. As well if it appears to be simple designed with exciting operations visualization, the paramount FX trading robot will sufficiently provide for a novice broker to obtain his first foreign exchange dealership knowledge. False FX robots would more often than not turn this singular feature very difficult, so that new brokers would need to spend longer amount of time learning a layout that they could end up not understanding fully and perhaps numerous traders will in the process lose assets. Being inexperienced at FX robot dealership, it is relevant to search for a broker with a huge collection of specialized foreign exchange brokerage and management tools. Such is going to as well be the supreme platform for professionals within the system who adequately want to trade consistently and comfortably.

What FX interface do you use? Do you realize that improper platforms on their own add above twenty per cent to the grounds why some brokers don’t make anything working with foreign exchange? People may ask how we came about this but the truth is our ten decades of intensive Forex skills has let us learn plenty with reference to Forex trading. There is a totally ground-breaking approach to make deals at FX and we deem it our job to make you aware of this innovative interface while everything required on your part is to take a move!

Those who are looking for effective best forex robot – please read the review of the activity of this Forex robot, before purchasing any.

It is obligatory to read unbiased Forex robot reviews before you invest money into the activity of these robots. This is important, don’t forget that we live in the world where knowledge makes life easier.

Due to this if you are properly armed with the information in your sphere of interest you can be sure that you will in any case find the way out from any bad situation. So, please make sure to get back to this site on a regular basis or – the least time consuming way of doing it – sign up to its RSS feed. Thus you will have your hand on the pulse of the latest informational updates here. Blogging can be helpful, you just need to know how to use blogging for the currency exchange market.

Simply like any other fiscal tool currency trading also draws into a deep research about the basic and technical techniques connected with the trade. Bearing in mind the common interest of investors looking forward to put investments in currency, a lot of currency trading training tips are accessible. The general goal of the currency trading lessons is to give the crucial knowledge about the basic things and recommendations on better and expert trading knowledge. Currency trading lessons offer sensible data concerned the influence on world currencies, different risks, market tendencies and so on, it not solely give advantages to the new investor who needs be very firm with the fundamentals, but also the existing traders who desire to make better their tricks of the deals. All the things of the currency trading, utilizing the latest programs and instruments are what the currency trading course material include. Gradual guidance on trade in the market, technical research, financial management, trading regulations, world markets, economic and market indicators are offered along with the knowledge on real guidance from the qualified tutors from all around the world.

A lot of factors are to be kept in mind before you make a solution to implement currency trading lessons. Knowledge is a great thing for all our everyday living. Knowledge on what we perform and how we perform, specifically trading will not solely improve our business deals but will also permit us to distinguish and track down market states. Conducting our funds in a smart way will get rid us of the dread and nervousness about our changeable and fast market. Forex trading lessons often show these general business approaches in their course information.

One of the methods to improve your currency trading performance is to use forex trading signals. But, be prepared to the fact that now the market is flooded with forex trading signals – do you really expect that all of them work properly and bring profit?

Of course, no. That is why we seriously recommend you to visit this blog and read how to choose forex signals service that really work.