Without a doubt, the best way to learn how to navigate the Forex market is from a trader who is already very experienced and successful. You can learn to trade via other routes, but they will almost certainly involve a lot more trial and error and lost time and lost money. Learning from a successful trader will give you insight into how they think about and trade the market; this will make your journey to successful forex trading far easier and less stressful.
Forex Duality Trading System by Tradeology
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About Forex Duality
Tradeology, a South Africa-based web service offering a range of products designed to improve trading performance, has introduced Forex Duality, simple-to-use trend following system that requires very little time to manage and trade.
Forex Duality is a complete trading and learning program that uses algorithmic software and an exclusive Trading Assistant as the basis for making trading decisions. It identifies price trends and uses these to identify trading opportunities. Of course, it is not perfect 100% of the time, but you will make winning trades more often than losing ones, ensuring that you will make a net profit from your trading over time.
So, What’s All Included?
✔ Main Trading Software – When the software has identified an opportunity to make a profitable trade, you will be alerted by the program to take action accordingly. The Trading Scanners allows you to mathematically and with absolute certainty KNOW that that average price over the recent past is now either going up or going down. Finally, it uses old school price-action that provides a further “sense” of what the price is doing, and hence, the probable direction of the price. This is determined in unison with all of the scanner programs and is a fundamental process in the determination of entering a trade.
✔ Video Lessons – The product will provide you with video tutorials to learn this system. Each video will guide you about the particular module in detail. After watching the video lessons, the user can realize their dream of making money through Forex Duality.
✔ Training Guide – The video lessons are accompanied with the training guide. It contains a handbook and detailed instructions to master every step explained in the video. No doubt that training guide is the best thing for those who learn through writing but when you watch all the videos and follow all the given instruction, then nothing can stop you from getting success in Forex trading.
✔ Members Area Access – When you sign up for this program, you are enabled to discuss the concepts with other members of the program. And from the “members only area” of the program you will get a chance to work under the guidance of “Mr. X”. This special feature is provided to the participants only.
These four components are those which you will get in the starting but there is far more from this that you will get later. The bonuses will contain explanation, testing grounds and also direct money benefits in some cases.
Included Bonus Trading Systems
✓ Forex Wealth Strategy
✓ Master Method Evolution
✓ Fibo Vector Report
✓ COG Master Strategy
✓ Elliott Wave Prophet
✓ FX Market Code
✓ Hidden Money Levels
✓ Double Helix System
Highlights of Forex Duality
▶ The strategies given in Forex Duality program are extremely easy to follow and execute.
▶ Forex Duality guides you about the perfect times that when you should enter and exit the marketplace. By knowing the perfect timings you will not only save yourself from loses but will also make huge profits.
▶ Once you buy this product, you will get lifetime membership along with the automatic updates for that period. Along with the provided components, you will also be given the chance to attend seminars, get online tutorials and the plans that will help you to learn the Forex trading secrets.
▶ It is a proven fact that most Forex traders who follow the “Mr. X” have make profits on everything he does. The online community give you the chance to stay in the company of such people.
▶ The system has been developed after years of work and is based on the real life experiences of the creator. Thus, there is nothing like misguiding.
▶ The Biggest Advantage of the system is the Trade Assistant called the Duality Dashboard. It is designed so that all you have to do is glance at the colors to see if they are in the right order, and that will tell you if you can take a trade. Every trade you make should be perfect because the software never makes a mistake. It is color-coded to make it easy to see at a glance if you are ready for a trade. If you like to trade manually it can confirm what you are thinking. It can find trades you might have otherwise missed.
Developing a Winning Forex Strategy
Developing a Winning Forex Investment Plan is not unlike piecing together winning strategies for other asset classes. First and foremost, you must assess what kind of investor you are. Are you hoping to catch big profits from day-trading? If day-trading isn’t your cup of tea, perhaps you’re a swing trader that wants to be in a trade for a few days or few weeks. Or maybe you’re a longer-term forex investor, in which case currency Exchange Traded Funds (ETFs) or a managed futures account may work best to help you accomplish long-term financial goals.
Remember that an investment strategy is NOT a system. Trading systems are mechanical and rigid. Even the good ones can only be altered so much. On the other hand, an overall investment plan or strategy should be fluid and be able to change as your investment objectives change. A winning forex strategy should be able to deliver profitable results in a variety of market conditions. Knowing that, let’s take a look at a few ways to develop a top-flight forex strategy.
What Currencies Are You Going To Invest In?
As the forex market has grown, so have the available options for traders. Even rookie forex traders know about the major currencies. These are the US dollar, the Euro, the Japanese yen, the British pound, the Swiss franc and the dollars of Australia, Canada and New Zealand. Forex investors now have access to more currencies known as exotics. These include the Mexican Peso, Brazilian Real, Thai Baht and South African Rand.
Now, it may sound intriguing and alluring to play the exotics, but be assured that the risks and the costs are higher. When you trade a major pair like the euro/US dollar (EUR/USD) you might have a bid/ask spread of just one or two pips simply because this is a highly liquid pair and one that thousands of investors trade every day.
On the other hand, if you invest in a more exotic pair like the US dollar/Thai Baht, you may see a spread of five pips or more and that’s your cost to enter the trade. In addition, it’s harder to get off an exotic trade because the exotic currencies are far less liquid than their major counterparts. So proceed with caution if you’re considering investing in exotic currencies.
Keeping Your Losses Small, Let Your Winners Run
Seems simple doesn’t it? Yes, it does, but it’s surprising how many investors don’t follow this advice. This applies to trading asset class, but especially to Forex where the use of leverage puts the investor who isn’t cautious at risk of losing more than his initial investment. So how do you keep your losses small? Regardless of what type of forex investor you are, assess your risk BEFORE you get into the trade. Decide how much you are willing to lose and if the trade goes against you, don’t let it go any further than your pre-determined loss threshold. Don’t turn a losing trade into a disastrous investment.
On the flip side, we don’t want to cut a winning trade short or let it turn against us. The way to do this is by using protective stops. Once your profit goal is reached, set a protective stop at that price and let the trade ride. The worst thing that can happen is that the trade goes against you, but you’ve already locked in some profit. If the trade keeps going your way, move your stop order to lock in even more profits.
Know Why You’re Investing In A Particular Currency
While many investment experts believe the market acts at random, that doesn’t mean you should pick currencies to invest in at random. Since the forex market is more volatile than stock or bond markets, we cannot hold forex investments for months or years as we might be able to do with stocks and fixed income. This makes investment selection critical. Are you going long on the Canadian dollar because oil prices are rising? That’s a sound investment thesis, but if you’re just buying a currency because you think it’s going to do what you want it to, you might be better off heading to a casino and gambling. When you buy stocks, you probably have a reason. Forex should be no different.
Research And Test Your Strategies
With all the advancements in technology, it is possible for investors to test their forex strategies on demo accounts without risking a penny. This is a wise move, especially for those new to forex investing. In conjunction with testing your strategy, there are plenty of free resources available for you to research how various currencies act during a variety of market conditions. Since these market conditions invariably repeat themselves over history, it is worth looking back to get a leg up on the future.
|RISKS ASSOCIATED WITH FOREX TRADING||Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.|
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