How to Calculate Pivot Points


This system was developed by Tom DeMark

Forex Signals

Economic Calendar

Secrets of the COT Report

"The way that Big Money got to be Big Money was by also being the 'Smart Money', and so it is worth paying attention to how the Big Money traders behave. That's the essence of what Larry Williams has to teach us in this book. And it's not just what the Smart Money says or thinks, but how they behave in terms of their trading that we should pay attention to. Larry shows us how to listen to that message."
—Tom McClellan Editor of The McClellan Market Report

"Finally, an insider's take on what really goes on behind the scenes in commodity trading. Larry writes his view of trading, as only he knows it, from his twenty-five years of experience."
—James Altucher author of Trade Like a Hedge Fund

Successful trader Larry Williams reveals industry secrets that help investors and traders successfully invest and trade side-by-side with the largest commercial interests in the world. You'll be introduced to the COT (Commitment of Traders) report, the best resource for achieving trading success, learn exactly what the information it contains means, and plan for maximizing profits by acting on reported actions.

AVG. Daily Range Of Currency Pair

Forex Global Market Trading Hours

The main timing characteristics of the Forex market are the following:

* Forex is 24 hour market It starts from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST

* Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America

* The US & UK account for more than 50% of the market transactions

* Forex Major markets: London, New York, Tokyo

* Nearly two-thirds of NY activity occurs in the morning hours while European markets are open

* Forex Trading activity is heaviest when major markets overlap.

From this timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day.

Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market(including Australia & New Zealand), the European market and the U.S. market are open simultaneously. And these are the trading hours you must target in order to find the most dynamic movements in price.

This is the breakdown of OPEN Market Times for your reference:

* New York Market trade times: 8am-4pm EST
* London Market trade times: 2am-12Noon EST
* Great Britain Market trade times: 3am-11am EST
* Tokyo Market trade times: 8pm-4am EST
* Australia Market trade times: 7pm-3am EST

THE CHANNEL PATTERN

Channel Patterns should generally be considered as a continuation patterns. They are indecision areas that are usually resolved in the direction of the trend. Research has shown that this is true far more often than not, of course, the trendlines run parallel in a rectangle. Supply and demand seems evenly balanced at the moment. Buyers and sellers also seem equally matched. The same 'highs' are constantly tested, as are the same 'lows'. The stock vacillates between two clearly set parameters.
While volume doesn't seem to suffer like it does in other patterns, there usually is a lessening of activity within the pattern. But like the others, volume should noticeably increase on the breakout.

HERE IS A SAMPLE CHART WITH A CHANNEL FORMATION

THE WEDGE FORMATION PATTERN

The Wedge Formation is also similar to a symmetrical triangle in appearance, in that they have converging trendlines that come together at an apex. However, wedges are distinguished by a noticeable slant, either to the upside or to the downside. As with triangles, volume should diminish during its formation and increase on its resolve.

The Following is a Typical Wedge Formation Trend Pattern
" A falling wedge is generally considered bullish and is usually found in up-trends. But it can also be found in downtrends as well. The implication however is still generally bullish. This pattern is marked by a series of lower tops and lower bottoms.
" A rising wedge is generally considered bearish and is usually found in downtrends. They can be found in uptrends too, but would still generally be regarded as bearish. Rising wedges put in a series of higher tops and higher bottoms.

THE PARABOLIC CURVE PATTERN

The Parabolic Curve is probably one of the most highly prized and sought after pattern. This pattern can yield you the biggest and quickest return in the shortest possible time. Generally you will find a few of these patterns at or near the end of a major market advance. The pattern is the end result of multiple base formation breaks.

HERE IS A SAMPLE CHART WITH A PARABOLIC FORMATION

THE ASCENDING TRIANGLE PATTERN

The Ascending Triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an up-trend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant.
Hear is a Typical Ascending Triangle Pattern
" In ascending triangles, the stock becomes overbought and prices are turned back.
" Buying then re-enters the market and prices soon reach their old highs, where they are once again turned back.
" Buying then resurfaces, although at a higher level than before.
" Prices eventually break through the old highs and are propelled even higher as new buying comes in.

As in the case of the symmetrical triangle, the breakout is generally accompanied by a marked increase in volume.

THE FLAT BASE PATTERN

The Flat Base is a stock pattern that goes horizontal for any length of time. Very powerful advances can be had from this formation. What we look for is volume drying up as the stock stays at or about the same level going horizontally.
Draw a trend line across the top of this formation. As the stock proceeds through the trend line, the stock is bought as it breaks the trend line and volume increases.

HERE IS A SAMPLE CHART WITH A FLAT BASE PATTERN

THE CUP & HANDLE PATTERN

The Cup & Handle is the corrective action after a powerful stock advance. Generally a stock will have a powerful move of some 2 to 4 months, then go through a market correction. The stock will sell off into the correction in a downward fashion for maybe 20 to 35 percent off the old high point. The time factor is generally anywhere from 8 to 12 weeks depending on the overall market condition.
As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price drift in a sideways fashion with a bias to the downside for about 4 days to 3 weeks.
The handle is generally about 5% below the old high point. A handle that is any lower is generally a defective stock and contains higher risk for failure.
The time to buy the stock, is as it emerges into new highs at the top of the handle and not the old high point set some 8 to 12 weeks ago.
I have found some of the biggest stock market winners have this very powerful formation. It is one of the best and most reliable formations to look for. However, it is important to note that the best stocks with this formation are found at the beginning of a market move after a good market correction, and not during, or at the end of a major market advance.

HERE IS A SAMPLE CHART WITH A CUP AND HANDLE FORMATION

ForexClub

ExpressFX - zero-spread trading with a particularly user-friendly platform

ExpressFX is one of our most recent innovations. This trading platform features zero-spreads. With this platform, you pay only $0.6 for every $1,000 traded and get commission refunds for non-profitable trades. This features combined mean that you pay commissions to your broker only when you make profits on your trades.

• Zero-spreads
  
• $0.6 for every $1,000 traded
  
• Instant commission refunds on non-profitable trades
• And a built-in wizard that teaches you how to make trades, limit losses and make profits.
• Dow Jones news, candle charts and simple orders

ExpressFX Rules

Trading Forex for profit

How do you make money on Forex? Try selling or buying some currency with a free ExpressFX demo account and see how you can make or lose money as currency rates fluctuate.

Selecting the size of the trade

The larger your trade size, the more profits you will make if the price goes in your favor and the more you will lose if it goes against you. The Demo account is a great way to practice making trades of different sizes because you are not putting money at risk.

The minimum trade size is $1,000. But thanks to the leverage of up to 100:1 you can trade $1,000 when you have just $10 in your trading account. It is easy to calculate the maximum trade size. All you need to do is take the amount that is in your account and multiply it by 100.(!!! The high degree of leverage can work against you as well as for you)

Opening and closing a position

When you buy a currency you open a position. When you sell the same amount of the same currency, you close the position. During when your position is open you will be making or losing money depending on how currency rates change. If you bought a USD for EUR (USD/EUR) and its rate goes up, you are making money. If it goes down, you are losing money.

Take Profit and Stop Loss

Market prices move almost every moment, but this does not mean that you have to keep an eye on your positions every second. You can set a Take Profit order, which is a command to the dealing desk to automatically close your position when your profits reach a certain level. You can also set a Stop Loss order, which is a command to the dealing desk to close your position when your losses reach a certain level except for extraordinary market conditions. It is a good idea to set both of these orders simultaneously to establish a price range of how much you are willing to make and how much you are ready to risk.

Take Profit and Stop Loss II

The minimum stop-loss and take-profit limits are is $1.20 for every 1000 units of the base currency. For example, if your position size is $3000, the minimum limit for stop-loss and take-profit is 3 x $1.20 = $3.60. The Company retains the right to reject any trade with limit orders that violate this rule.

When you are changing your take-profit order on an open position that is currently making a profit, the new take-profit level should be set at not less than $1.20 for every 1000 units of the base currency from the current P/L.

When you are changing your stop-loss order on an open position that is currently making a loss, the new stop-loss level should be set at not less than $1.20 for every 1000 units of the base currency from the current P/L.

Commissions

Commission is a one time charge for opening a position. Forex Club charges just 60 cents for every $1,000 traded (or 1,000 pounds; or 1,000 Euro). Forex Club returns commission charges to you automatically and instantaneously on non-profitable trades.

Calculating Profit and Loss

You don't need to worry about doing any math because expressFX will do all calculations for you. However, if you would like to know how profits and losses are calculated there is one simple formula.

For the currency pairs where dollar is the base currency (USD/***):

Where dollar is not the base currency (***/USD):

Carrying positions over to the next day

Even though Forex market works around the clock, technically, each trading day ends at 21:00 GMT and the next trading day starts just a few moments after. 21:00 GMT is equivalent to 4 pm New York time in the winter and 5 pm New York time in the summer. All opened positions are automatically closed at the end of each trading day.

However, you don't have to close your positions each day as we offer an option of carrying positions over to the next day for a small fee of 15 cents for every 1,000. Please note, fees for carrying positions over are non-refundable.

Adjusting your positions

In addition to closing your position, you can also downsize, upsize or reverse it. To downsize a position you just need to sell some part of the currency that you have purchased. For example, if you have purchased 1000 Euro for dollars (BUY 1,000 EUR/USD) you can downsize your position by selling 500 Euro. You can upsize your position the same way by buying additional 500 Euros for dollars. You can also reverse a position altogether by selling 2000 Euro for dollars. This way your position will become SELL 2,000 EUR/USD. Please note downsizing or upsizing a position is not necessarily beneficial. It is merely a trading strategy.

LiteForex

Straighthold Investment Group provides Forex traders with excellent working conditions on the Forex Market. The main aim of the LiteForex project is to meet the needs of entry level traders and to help them ease their way to professionalism and success in Forex trading. Our trading terms and conditions suit Forex professionals as well. All these details make us feel that the LiteForex project is really universal and unique.

Below, please find a list of the 12 major advantages of collaborating with our company:

START FOREX TRADING WITH JUST $1

The LiteForex project offers you the unique opportunity to enter the Forex market with just ONE DOLLAR. All transactions on LITE group accounts are effected in US cents, so you can trade by 0.1 lots with margin rates of 1 % at a leverage of 1:100 or with margin rates of 0.5 % at a leverage of 1:500.

COMMISSION-FREE FOREX TRADING

Straighthold Investment Group allows you to make currency transactions on the Forex market with minimal expense - you pay no commissions, just spreads.

INTEREST INCOME

We also pay competitive interest income on the balance amount not invited in trading on a monthly basis.

UNBEATABLE FIXED BID/ASK SPREADS

We offer unbeatable fixed spreads starting from 3 points. So, constant spread size doesnt depend on market activity.

INSTANT EXECUTION

For placing trade orders we employ Instant Execution technology. In this case on-line traders dont need to request quotes before entering the Forex market. They just open and close positions at the price they see on the monitor.

NO DEALING DESK

The technology of auto-hedging helps to almost completely eliminate the need for a dealer in transactions. All orders are automatically executed. Besides, the processes of account crediting and debiting are highly automated and use the most popular electronic payment systems.

WIDE VARIETY OF ACCOUNT TYPES

LiteForex offers traders a choice of trading accounts that correspond to their Forex trading strategy and financial skills.

* MINILite is an account for Forex beginners with a minimal deposit of USD 1.00. This account lets the Forex trader make transactions by a lot size of from 0.1 (10,000 points of a basing currency) to 10.0 (1,000,000 points of a basing currency), with 0.1-point increments;
* 100KLite is an account for Forex beginners with a minimal deposit of USD 50.00. This account lets the Forex trader make transactions by lot sizes of from 1.0 (100,000 points of a basing currency) to 100 (10,000,000 points of a basing currency), with 1.0-point increments;
* MINIForex is an account for Forex professionals with a minimal deposit of USD 10.00. This account lets the Forex trader make transactions by lot sizes of from 10 (1,000,000 points of a basing currency) to 1,000 (100,000,000 points of a basing currency), with 10-point increments;
* 100KForex is an account for Forex professionals with a minimal deposit of USD 2,000.00. This account lets the Forex trader make transactions by a lot sizes of from 100 (10,000,000 points of a basing currency) to 10,000 (1,000,000,000 points of a basing currency), with 100-point increments;

Regardless of the account type, Straighthold Investment Group lets Forex traders choose a leverage rate of from 1:50 to 1:500.

WIDE VARIETY OF TRADING INSTRUMENTS

LiteForex offers 43 trading instruments including spot Gold, spot Silver and 8 currency indexes in order to provide Forex traders with the best opportunity to choose the most suitable trading instruments.

MOST POPULAR TRADING PLATFORM

Straighthold Investment Group provides Forex traders with the most popular Forex trading platform the MetaTrader 4.

DEDICATED FOREX TRADING SERVERS

To ensure the highest quality of service, LiteForex provides three dedicated Forex trading servers for Virtual, Lite and Real traders. Each Forex trading server has a wide variety of data centers (customer's access points) in different locations around the world to provide the quickest possible connection of the customer's Forex trading terminal to the companys Forex trading servers.

EXPERIENCED CUSTOMER SUPPORT

Our company provides services to Forex beginners with minimum investments as well as to Forex professionals; so we employ the most experienced Forex experts and technical support staff available on a 24/5 time basis.

Stock Trading Special Report- Divergence

Stock Trading Tutor Instant Profits

Forex Stop Loss

I do not set my stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. I set my stops where the Forex market tells me to set them. This forex tip has helped me improve my trading tremendously.

An Evening Forex Trade

This video is about a conversation I had with another forex trader. After talking to him I looked at my charts on the longer time frames and could see that it would be best to wait for better signals before entering a trade. When the whole thing unfolded you can see what happened.

To Hedge or Not to Hedge

Hedging in the forex market seemed like a great idea to me at first. However, it has been terribly ineffective, and the only way I have trading out out of a hedge is by trading very small.

Noise in Forex Currency Market

Noise in the forex market is when it is moving up or down in short moves, as can be seen easily is smaller time frames. One of the biggest causes of noise is NEWS.

Blowup Your Forex Trading Account

Blowing up a DEMO forex trading account is very beneficial to learning money management skills. Understand how the platform handles free margin percentage is essential.

Blowup Your Forex Trading Account

Blowing up a DEMO forex trading account is very beneficial to learning money management skills. Understand how the platform handles free margin percentage is essential.

Formula1v5wm

Get a free forex trading formula to trade on fast profit on day trading by profit on scalping. Free forex education on forex strategy is free forex signal on easy forex trading.

The Dao and the "Duh!" of Forex Trading

Profitable Forex trading requires an attunement to the "Dao" of the organic wave formed by market movement. Once you see the secr Profitable Forex trading requires an attunement to the "Dao" of the organic wave formed by market movement. Once you see the secret behind this movement that is not explained here you will experience the "Duh!" of realization.

How to Be One of the 5% of Forex Traders Who Win

About 95% of people in the Forex industry will try to skip this simple step. Some will even scoff at this step because it has nothing to do with technical analysis or indicators. But a few people will put this into practice and immediately see the results. Are you ready to become one of the few who consistently win in Forex trading?

Forex Trading Vs. Hedging Schemes