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28th August 2006 The launch of WhyLoseTV. ForexTV is the world's first streaming video portal dedicated to providing information about the global forex marketplace. Their goal is to provide the latest news and data in a timely and dynamic fashion.
1st August 2006: Lion Recruitment launches as a specialist recruitment company for investment advisory firms worldwide including small and large companies, private equity groups, business brokers and investment banks. More--
31st July 2006:
Another great start to the year using proprietary software and fundamental analysis to trade forex produced the results below. More--
31st December 2005:
31st December 2004:
31st December 2003:
Traders opening multiple lot positions may prefer to use trailing stops – as a mechanism to lock in profits on a step-by-step basis, while seeking greater moves.
Real-Time Market Analysis Indicators
Lion Asset Management uses a proprietary model, which incorporates a multitude of Technical and Fundamental indicators to project Volatility, Overbought/Oversold conditions, Trend Direction/Strength for the Major currency pairs.
There are two types of markets; range-bound and trending. Oscillators are commonly used to gauge overbought and oversold conditions in range-bound markets. With oscillators, a chartist can forecast when a pair is running out of steam on the upside or downside. Our proprietary model incorporates a statistical averaging of standard oscillators to identify key levels for range-plays. Using this indicator, we can identify when a currency pair may be towards the top or bottom of a range.
If a pair is highly overbought/oversold and the trend is weak, there is an opportunity for an aggressive range or reversal play.
In a trending market, oscillators would be ineffective as there is a strong
movement in one direction. The proprietary model
incorporates Technical trend indicators, significant Support/Resistance levels,
Fundamental flows and other variables in forecasting development of a trending
market condition and its respective strength.
If a pair displays a strong bullish trend, dips would be identified for an optimal entry point. If trend is relatively neutral, overbought/oversold indicators would be analyzed to determine possible range plays.
Volatility is a statistical measure of the tendency of a market or pair to rise or fall sharply within a short period of time. This indication is used well in conjunction with other variables to determine strength of price action as well as to effectively manage market risk. Using this indicator, we can instantly assess how fast or uncertain the market is moving.
Whereas the Trend, Overbought/Oversold, and Volatility gauges are based on
Technical and Fundamental analysis, the Market Sentiment indicator is unique in
that is it is based solely on sentiment or what other traders ‘feel’ about the
market. Market psychology has always been a driving force in any financial
market. Individuals and institutions have always “bought the rumor, sold the
news.” How do your fellow traders and fellow institutions ‘feel’ about the EUR/USD,
or any of the other pairs traded at any given time? The Market Sentiment
Indicator tries to provide a gauge of exactly that. Based on the input of other
traders, the Market Sentiment Indicator provides a descriptive aggregate of
total user sentiment.
The information contained in this document, although highly entertaining and
quite instructive, might lead you to believe that tomorrow you’re going to be a
millionaire. You are not going to be a millionaire tomorrow. Well…that’s
technically not correct. Because you could be a millionaire already, in which
case tomorrow you’re guaranteed to be one.
The Four Groups
There are four groups in the forex market. There are the
novice traders – the greenies, the ones who
try to outrun the bear and lose every time.
Read this – a great forex primer: www.forex.com/history_forex.html On the left navigation section, you'll see "Forex Pro > Short Term Trend Trading". This is an essential read for you – even if it seems technical in nature, you should read it anyway, just to get the information in your head one time. I suggest you read everything on this link, start to finish. Getting a background in the market takes about a week (at most), but it's very important for you to understand how the system works. The knowledge you gain early will pay off later. Read the sections in "Forex Essentials". This is as clear an explanation as exists.
Okay, now back to our program. To start, you have to understand what a "pip"
is. A pip is the last number to the right in a currency. For example:
Can you deal with the emotions of forex trading?
Alan Farley, a trading expert, rightly observes that mastering the emotions
of trading is more difficult than mastering the technical skills. You’ll soon
find out what he means by that.
Most traders in the forex market try to make a zillion dollars on every trade. They're greedy. This leads them to stay in a good trade, hoping to get more money out of it. This can lead to disaster -- the trade can move against them and they get creamed. This happens all the time, and it still happens to me from time to time. It's the single greatest threat in trading. But you can already understand why that's probably true. But how do you overcome greed when trading?
This is the other big one. A lot of traders get creamed in the market and
then want to strike back. So they double their last order and go for broke. This
is natural, and I still deal with this emotion every day. The problem is, how
does one combat this?
A Different Strategy
It’s as simple as this: I don't try to make a ton of money on each trade, and
I never try to get revenge. I’m not a scalper (someone who sits and makes
20-second trades for a few pips at a time).
$10,000 to $130,000 in one year on just 10 pips a day.
Why is this innovative, different, or revolutionary? Because you are going to
not only take money from novices with this strategy, you’re going to take money
from other advanced traders. Advanced traders want big money. They didn’t spend
years learning to trade so that they could make $200 a day. They want big, big
returns. They go for 40 pips at a minimum. They are conservative with their
trading capital because the market can take BIG swings against them when they’re
waiting for 40 pips. Advanced traders think I’m nuts for getting out of a trade
at 10 pips. What if it goes to 40 pips? Won’t I be upset that I missed out?
Stops and Limits
A STOP is placed so that you don't lose too much money. For example, if I
bought EUR/USD at 1.1445, I would start losing money if it started moving down.
So, I might set a STOP at 1.1425 -- meaning, if the currency drops to that
level, the system AUTOMATICALLY exits the trade. I'm out 20 pips, but that's a
lot better than being out 40 pips if it starts tanking really fast (and this
happens all the time, as you have seen).
The 7:10 Principles
The Daily Routine
Here’s a daily routine that I’ve used in the Strategy:10 system. Some of the most successful months of my trading career happened when I followed this plan. Up at 3:00 am EST. Check the charts.
Ask the following questions:
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