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May

Understanding What is FOREX Day Trading

ForexAutopilotSystem.org – Understanding What is FOREX Day Trading When a shareholder practices online trading by selling or buying various stocks and shares on a daily basis, it is referred to as day trading. This is a thrilling pursuit of earning huge profits through shares and became very popular among people during the late 90s with the boom of internet technology in every single home and office. The profit and loss of a day trader is the determined by the ever-fluctuating stock price every day. This makes it mandatory for the day trader to monitor the prices of the stocks on a continuous basis to reap best benefits. The profit comes by the difference in the trading prices of purchase and sale of stocks which is known as ’spread’. It is not advisable for amateurs to venture into day trading without adequate knowledge or experience. It is safer to invest on a long-term basis and gain steady but slow rewards rather than drown in the furious pace of stock trading as you may risk losing a lot of money in the process if you strategize wrongly. Sometimes, the spread can in fact eat up into your earnings without your knowledge! Though the risks are high with day-trading, the craze continues. Hence, if you want to enter into this craze, you need to commit extensively on your time everyday and monitor the perpetual shifts occurring every moment in the market and trade rapidly. Make sure you are fully equipped with the required high speed internet connection at your work place …

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Nov

FOREX Training | FOREX Trading – December 13, 2006

Posted by admin as forex

The FOREX market was pointing down just before the New York open, but it would have been dangerous to short just before Retail Sales data was released. Sure enough, it gave the dollar strength and the EUR/USD fell. Support was estimated at 1.3200 and held several times… even on the retest after a pull back. It was a solid support area, as it was also near the M1 Pivot Point. Live FOREX Training | EVERYDAY! http://www.fxbootcamp.com

Duration : 0:11:7

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Nov

FOREX Trading | FOREX Training – November 8, 2006

Posted by admin as forex

The day started with a great USD trade and ended with a great CAD trade. A good day indeed. The market must have read the textbook! We waited and waited for confirmed currency correlation between the majors with a break of the 200 EMA across the board. Pivots and Fibs helped find the target. The CAD trade, based on the oil report, was a great 38.2% retracement to 161.8% extension for the CAD/JPY. The USD/CAD hit the S1 and stopped at the same time we were topping out on the other pair. Beautiful.

Duration : 0:16:33

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Nov

FOREX Trading | FOREX Training – Nov 17, 2006

Posted by admin as forex

The US Session began with some dollar strength, however with some divergence. After the news, resistance was broken and became support. Once the 200 EMA & Central Pivot Point were broken, the EUR/USD had room to run! Live FOREX Training | Everyday! http://www.fxbootcamp.com

Duration : 0:11:40

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Nov

FOREX Training | FOREX Trading – December 5, 2006

Posted by admin as forex

The forex uptrend was still in place, but showing signs of weakness. Retracement is becoming more and more possible. MACD Divergence, rejection at a Reversal Pivot Point, a 61.8% Retracement and a Triangle break eventually all pointed down. Target was the 138.2% Fibonacci Extension which over lapped with a Support Pivot Point.

Duration : 0:14:27

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Nov

FOREX Trading | FOREX Training – January 29, 2007

Posted by admin as forex

Todays NY open was lower that Friday’s high and higher than Friday’s low. Our trading day was engulfed by the last. This was a warning to aggressive traders that the market was not going to do much today. Up or down? The Flag Pattern was a big clue… Live FOREX Training | Everyday! http://www.fxbootcamp.com

Duration : 0:10:44

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Nov

FOREX Trading | FOREX Training – November 7, 2006

Posted by admin as forex

Today is election day in the USA. Not a typical day. Be careful, this means that our normal analysis may not work as well. Look for several confirmations before jumping in! Today we saw a triangle break, a fib break, a brief retracement and boom… a continuation to the 261.8% fibonacci extension. Full currency pair correlation between the majors as well. It turned out to be an ok trading day after all… even if you were a conservative and patient trader. Live FOREX Training | Everyday http://www.fxbootcamp.com

Duration : 0:15:28

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Nov

FOREX Trading | FOREX Training – November 22, 2006

Posted by admin as forex

It was a fast moving forex market today. Such momentum will break forex reversal pivots, but give you great opportunities to use them as entry points. Fibonacci forex extensions were simply awesome, giving us a range of 161.8% to 261.8%. Happy Thanksgiving everyone! FOREX, forex, forex: Isn’t forex great! Live FOREX training | Everyday! http://www.fxbootcamp.com

Duration : 0:10:25

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Oct

FOREX Trading | FOREX Training – November 28, 2006

Posted by admin as forex

Nice forex uptrend holding… but showing forex divergence. This indicates that as price continues up, weakness increases. Maybe not today, but a forex pull-back is becoming more likely as time goes by; perhaps at the 1.3200 double top? Pay close attention to the forex Pivots and forex Fibs. Notice how well they work as leading indicators. Live FOREX Training | Everyday! http://www.fxbootcamp.com