The foreign exchange market 24 hours of continuous operation, up or Change, does not stand still. Its trend as the day and night on earth conversion, again and again. Correspondingly, we can be divided into exchange-rate movements of the stock market bottomed, up, building the head and fell four stages. These patterns we can observe the exchange rate charts, such as commonly used to determine the K-line graph.

1, bottomed stage. Exchange rate bottomed shape generally have triple bottom, head and shoulders bottom, double bottom (W end) and the semicircle at the end (bottom), etc.. The bottom of the horizontal area of the larger building, representing the cumulative kinetic energy increases more the greater the rate of rise. At this stage, should be carried out buy low and sell high range operations, such as conservative, the stage may be waived by the profitability of the opportunity and fighting the next phase.

2, up stage. When the exchange rate at the bottom of the neckline break early on the trend indicates an increase in the beginning, and the increase in height is usually at the bottom of the vertical height of the early. This stage as an energetic young man, desperate to live forward setting and ran away, Tiaode Gao, although there is no difficulty as long as the stamina, but a break will be able to set off again, just like the main stage of the rising Quotes, magnitude large and fast, although the continued upward pressure on long But when a little correction as long as the order will be able to immediately re-launch a new round of upside. The initial period of this phase should be to our brave chase the best time to buy. Rising phase is also our main source of profitability.

Third, build the first phase. Is the rise in the late stage. Quotes trend upward again this time attempting to push up but the effort has been exhausted long before the wave can not break through the high points, the final break through the neckline down to the completion of the head and into the fall phase. At this stage, early and long-term pay should be shot, short-term to try to do Kuaijinkuaichu range operations.

4, down stage. And a rising phase as simple as that, but in the opposite direction. At this stage to lose morale and inability to support the exchange rate fell rapidly until the rate of kinetic energy disappears into the bottomed stage. Decline phase should be strong sell into the rapid stop of the stop-loss, or costly.

   Attention to the root zone “new” K-Line

   Like many people who do not accept the chart, I also had a lot of technology after the failure of useless things, because technology, recognized the need for a foundation, out of two-way to judge will result in the loss part of the time, tend to become a major Quotes little opportunity, if the miscarriage of justice from taking even one several times, losses are inevitable. To this end, I would push back, to revert to the most simple graph K-line and constitute the K-line on each of the transaction amount.

   Most of the transaction and K lines are neutral, there is no interpretation of the meaning, and only decided to change direction and brewing some of it deserved attention. Therefore, we need a concept to filter, it is the word “new”: new directions, new prices, new range, the new rates, new rhythms, new volume, and so everything’s new.

   When the word “new” happens, I will be highly sensitive and concerned about the root zone is very concerned about this “new” K-lines generated by high and low points, which represent the key unit of time within the two poles: one strong and weak forces brewing process of the limit of where the long-short, if immediate deduction in accordance with relevant logic, and the pole to break, then the breakthrough point, or appearance shall Admission signals; while the other pole will automatically become the correct position, as the wrong remedy.

   Identify the interest-bearing line

   The composition of all the technical graphics are the deduction comes from the K-line, and we removed the key to noise and find the attitude of conversion and the strength of money in the process of brewing Flanagan K-line core. This approach lies at the core to simplify, recognizing that it will be a holographic line, implies decide the future of some important information graphics and logical values, through its understanding and explained the logic, we can find the earliest opportunity, and will error limited to a range.

   While we stress the simplification of requirements in order to chart the basic unit of center, but not to weaken the major graphic to explain, just want to zoom in and attention to the basic unit of information contained in the.

   The above is my basic understanding that the analysis of the chart. Be pointed out that the “new” is not equivalent to “change” or “different”, which from an operational point of view of technical analysis required the use of persons, not to Italy, not to will, to see around corners, but it should not be attempted by the differences involved, to avoid falling into the trap of change.

Inevitable errors and loss of produce, do not blame yourself, it is important from learning the lessons and avoid repeating the same mistakes, the sooner you learn to accept loss, learning the lessons, the faster the days of the advent of profits. In addition, we must learn to control their emotions and not to make money and pride, they do not due to loss of an optimist. Transactions, the less personal feelings, the easier you can see the market situation and make the right decisions. A calm state of mind to face the gain or loss, to understand the transaction were not learning from the profits, but from the loss of growth, when a loss to understand the reasons for each, that means you Youxiang profit path step further, because you have to find the right direction.

● own worst enemy

Trader’s biggest enemy is themselves – greed, haste, uncontrolled emotions, there is no preparedness heart, excessive self, and so it is easy to make you ignore the market trends which led to the wrong trading decisions. Not just for a long time did not approach trading transactions are carried out, or boredom, there are no certain standard provisions of the necessary number of a particular volume of transactions during the period.

● Record the factors that determine transaction

Detailed record of daily transactions, factors that determine whether this was what the event message, or other reasons for trading decisions you do, do the transaction and then to analyze and record the bottom-line results. If it is a profitable trading results, that your analysis is correct, when the similar or the same factors again, your records of transactions made will help you make the right trading decisions quickly; of course, a loss of transaction records allows you to avoid repeating the same mistakes. You can not experience all of all transactions recorded in the mind, so this record will help improve your trading skills and find out what is wrong.

● Homeopathy operation, not to contrarian OK

To remember the old General Market: loss of part of the termination as soon as possible, profits will hold long positions on the long put. Another important code is not to let the losses occurred in the original site has been profitable, the sudden reversal of the face of market trends, instead of liquidation is not the case at no profit to make a profit position that had been turned into a loss situation.

● Do not be anxious state of mind to turn around and deal

The face of loss-making situation, remember not to rush to the opening of a new position an attempt to reverse emancipation, which often only make the situation become worse. Only when you think the original forecast and decide on a totally wrong circumstances, to settle a loss position as soon as possible to open a reverse of the new positions. Do not guess with the changes in the market to play the game, missed trading opportunities, better than a loss to produce a good.

● Each is a separate transaction

Never put two or more transactions linked! Remember that each transaction is a separate transaction.

For example, put in the 121.00 yen after 120.50 stop. 3 days later, after analysis, that the dollar will rise to buy U.S. dollars at current prices you can put the yen, but the price is 120.80, then, do not think that the last transaction in the 120.50 stop-loss, and now want to put it is not worth the 120.80 that must and so on down to the last stop-loss below 120.50 before the stock market. Such a link has not helped, and easy to miss the boat! As long as analysis, determine the transaction the market, stop loss, profit price, the market can be decisive.

  2, people. The foreign exchange market in the meaning of those who should have been three: that his opponents, referees. Foreign exchange market is a no enemies and no friends in the battlefield, when you put, your opponent is to call people.

  3, the price. Fundamentals with the law of value to explain the price fluctuations; technology were established, such as gold division, percentages, the trend line, and so a variety of models to try to reveal the price movement patterns. Prices have absolute and relative distinction. Determine your gain or loss is the relative prices. A reference to the price, you can not avoid time.

  4, the relationship between chance and necessity, determines the fuzzy characteristics of the foreign exchange market. Accordingly, our best approach is to accurately deal with problems and ambiguous in application.

  5, balance everywhere, you should be thinking of carrying out a balanced solution to the problem has always been on.

  6, with the general view of energy characteristics of the foreign exchange market will lead to a lot of problems solved.

  7, the foreign exchange market in the repetitive, most often reflected in the cyclical characteristics; Exchange continuity of city, most often reflected in the trend characteristics. Cyclical, the trend is undoubtedly there, and seems to find the truth from us recently. Period of time, the trend of space, perhaps with the with the time and space, you can keep pace with the concept of energy, we will be find the answer.

  8, we do not need to take into account the foreign exchange market in the study than people, time, price, energy, smaller yuan. Their own concept of universality, comprehensiveness indisputable geography should become the basic elements of the foreign exchange market.

  9, time. Five kinds of people can at least mention the time understanding: the nature of life gone forever felt the time: Newton’s absolute time of classical mechanics: the theory of relativity in the relative time; “assuming nothing else changed, then things back again to its original state, “the cycle of time; statistical mechanics an infinite increase in the entropy, with the direction of the arrow of time. One tan as long as human thought must be used in time; time describing things, changes in the human mode of thinking. Special emphasis on human beings so much time, but rather that human beings are more concerned about things at any given time changes. Things are obviously changing repeating itself should contain the time factor. Want to solve the problem, we must understand the most profound time in the role of development and changes of things. Who can say that the stock market was established in line with the movement time model, who can be the same as Gann once and for all solve the problem.

  10, the energy. Only the energy in terms of the universality of the talent and time and space compared to. All changes are in the world can be summed up as being in the energy space and time changes. Foreign exchange market, the smallest unit of energy should be in contact with the time and space. Energy may be the foreign exchange market we open the door of a key.

  11, I said that the trend is not the law, because as the continuation of the trend, the probability of continuation of this trend will become increasingly smaller, the trend is not whether it is useful and trends in the law are two different things, in the currency in which people attach importance to the reason why the trend because it is very useful, chances of winning a larger share of the two is certainly wrong in most people, I want to correct a few people, while the trend is not told me.

  12, if an ant crawling on a tightrope do not know at the end, there will always fall to the day, and when the rope at the end, so I think the trend is not the law!

There have a 3 indicator system that they lay out clearly. So the novice can easily understand and setup the system on their charts.

There have 3 different systems that Forex Avenger lays out which I discuss much more indepth in the below video.

The Forex Avenger by Dave Curran will be released on October 28th. The Forex Avenger system nails trade after trade with unheard of 82.69% accuracy and withstands absolutely any market conditions. It is 100% mechanical. In fact you can set it, walk away, and continuously bank 10 or more consecutive winners. The most exciting part of Forex Avenger is that it is so easy to use that it will only take you 20 minutes after you download it to start bagging trades.

Dave Curran never worked in a bank, a fancy brokerage and barely finished high school. He didn’t have any secrets to get ahead in life or in the trading industry. With Forex Avenger Dave exposes just how easy it is to trade the Forex market. The only two skills you will ever need to master Forex are the ability to follow a proven plan and the ability to be focused and disciplined.

At the Forex Avenger site you can learn six of David’s master Forex secrets. There are also video testimonials of Forex Avenger customers and actual proof that this system works.

With Forex Avenger Dave Curran will teach you when to enter the market, when to exit the market and where to place your stop loss. Nothing is left to chance. Forex Avenger includes 14 easy to watch PC videos explaining his system in detail. Included with the videos is the Forex Avenger “Secrets Of A Master Trader” ebook. As Dave’s client he will help you with any problems you will have using Forex Avenger.

If you want 100% mechanical trading that’s guaranteed to win you need to get Forex Avenger. Head over to the site now and make sure to act fast because he’s throwing in three special fast action bonus reports.

Get the Forex Avenger Now!

There is a Video about Forex Avenger below:

Get Forex Killer Here

Discount Coupon: drta50off

Get More Forex Tools

Forex Killer Make Upto $1000+/month	Forex Assassin Make Upto $699+/month
Forex Raptor Make Upto $450+/month	Forex Tracer Make Upto $450+/month
Forex Loophole Make Upto $450+/month	Forex Funnel Make Upto $450+/month

To start our lesson, you need to understand the best way to reduce risk is through practice. There is absolutely no excuse not to practice with Forex Killer offers you a demo platform to make real live trades without using your money.

Do you remember an earlier lesson where I talked about margin trading? Well, you put in a little bit of money and get to trade a lot of money. The problem arises when you start making $50,000 trades. The solution is simple, trade only 10-20% of the total money you’re allowed too.

You’re going to need to do the analysis techniques we went over in the previous few lessons. If you can identify these, you’re 10 steps ahead of everyone else. Never make a trade unless you’ve identified a specific type of analysis. End of story.

You need to understand the idea of probability. If you have a 60% chance of winning something. That means over the long run, that is your success rate. In the short term you could experience 100% loss. With the analysis you’ve learned, you know that in the long run success is in your favor. Don’t get discouraged by loss.

Well, that’s a simple enough lesson.

Click here for Forex Autopilot
75% off Coupon: 75off

We’re at lesson 4 of our course now and we’ve gone over a lot of this. I wanted to go into a little more detail with the candlestick graphs in this lesson, so we’ll start with that.

Being able to read the candlestick graphs will give you a better understanding of the market. I mentioned on the day 3 lesson plan that we had two candlestick colors; green and red.

Green: The price closed higher than it opened. Red: The price closed lower than it opened.

But I didn’t mention there this is a little more to this graph. The green and red colors are regarded as body, but you’re also going to have a line sticking out that is known as shadow.

With regard to the bodies, if it’s long and green, it means there was strong bidding pressure. The longer it goes the higher it closes above its open. Long red indicates a strong selling pressure. The longer the red, the further the close was compared to the open.

Shadow: If the candlestick has a long upper shadow and short lower shadow, it means buyers are aggressive and bids were very high, but sellers came in and drove the prices back down to end the session back near its open price.

If the candlestick has a long lower shadow and a short upper shadow, it means sellers are asking very low prices, but the buyers came in and moved prices back up, so the session is back near its open.

If you haven’t got Forex Autopilot yet, I supplied some pictures that you can look at. Remember these pictures are no substitute for the real thing. I just hope they help you understand.

Regular Candlestick:

Candlestick Closeup:

You’ll be able to determine a lot of the current market trends from the shadow. Different bodies and shadows determine different signals like spinning tops, doji, etc. I’ll go into that tomorrow though.

Now I want to step away from this chart stuff right now and talk to you a little about the types of trades you can make.

Market Order: This is about the simplest form of trade. You see something you want to buy, like EUR/USD at “x” value. You hit the buy button and you get it for that price. Easy and simple.

Limit Order: This is a little different. It basically allows you to set a buying price. If you’re watching a pair of currencies and you’re waiting for it to get up a little bit, than you’ll buy, but sitting in front of the computer the whole time seems like a waste of time. With a limit order you can set it to buy when it reaches that price automatically. You can also set a price to sell at after it buys it.

Stop-Loss Order: This is the most important feature your software should have. This is away to prevent a loss. Let’s say you’re looking at the EUR/USD at 1.2230. You buy, but you’re worried about losing money. You can set a stop loss at 1.2200. This means if the unfortunate should happen and the currency drops, it will automatically sell, so you don’t lose a lot more money.

This is exactly why I use Forex Autopilot. I can buy something and not have to sit in front of the computer worrying about what will happen. It allows me to leave the computer and do other things without worry. If you still haven’t got the Forex Autopilot software or any other software platform, you should get it because we’re just going into more detailed analysis about signals. Being able to follow along is important.

Click here for Forex Autopilot

 Free Forex Training Course Lesson 5 >>

Now to our lesson plan

There are just three types of charts that you need to learn to look at.

• Line
• Bar
• Candlestick

In your forex killer you’ll be able to view the line graph in different ticks. This essentially means how often they update. You can have it update every 1-minute, 5-minutes, days, weeks. It’s your choice. Basically you’re going to see two different lines, bid and ask. If you’re unfamiliar with the definitions of bid and ask, you should reference the day 2 lesson. The difference between the bid and ask is the spread.

The bar chart is known as the “Open, high, low and close” (OHLC). This is a little more complicated to understand since there will be horizontal lines and a vertical line.

Open: This is the opening price of the currency. It is going to be a horizontal line you’ll see on the left. High: This is the highest price in this time period. This will be represented by the top of the single vertical line. Low: This is the lowest price in this time period. This will be represented by the bottom of the single vertical line. Close: This is the closing price of the currency. It will be the horizontal line on the right side.

If you don’t have demo forex platform software like forex killer, you will probably be confused. Unfortunately this course is for people that actually want to make money in this business, so you’re going to need to be able to follow along. If it makes sense, good!

The candlestick chart gives the same information as the bar graph except it makes a nice graph. Basically it just breaks down into

candlestick colors; green and red.

Green: The price closed higher than it opened. Red: The price closed lower than it opened.

Now, that we have a foundation of what these graphs are, we need to discuss the way we analyze them. There are basically two thoughts on this; fundamentals and technical. Fundamental is the easiest to understand because it is a basic understanding of economics, social and political understanding. Usually this method can determine the long term effect of a currency. It is difficult though to figure out exactly what will happen in the short term.

Technical is away to look at both short and long term chart to find out if there is a trend. With a trend you know there is a reasonable probability that it will continue that way for at least the short term. You can change the tick of the bar and candlestick graphs to view what the currency has been doing over days and months.

These two aren’t the only ways of looking at analyzing currency, but they’re the most important to learn at this point. We’re going to go into more detail in the next lesson. If you haven’t got a forex platform, you’re going to need it. You can use the one I recommended above, or find one on your own. You need this, so you can look at graphs and follow along. Click here to get one now!

Free Forex Training Course Lesson 4 >>