Learn the secrets to a successful Forex Trading Tool Kit

Part 1  What to look for in a Forex Trading Software Package

Tell me how many times have you look hard and long at the charts with all your indicators set up and they all show the market moving in one direction so you place your orders. Price spikes up triggers your order and them drops and stops you out and this happens time and time again to the point where you start to think that someone is doing this deliberately trying to take your money off you. But nothing can be further from the truth. No one person can manipulate the market and move the price. It takes billions of dollars to do this and the only things that have that sort of power are the major banks and major government policies changers. Get this in your head they don’t care one little bit about your two cents worth. So stop taking this all personally and drop the emotions, look for a perfectly logical answer why this happens. And guess what? There is a perfectly logical answer, Want to hear it?

It’s the indicators you are using. The most commonly used indicators and you get them as part of all software charting system as built ins, are indicates such as SMA, EMA RSI ADX, Bollinger Bands MACD, these are all good indicators, their only drawback is that they are known as “Trailing Indicates”, because they are calculated on past information. Therefore the information that they are giving only shows what has happened and they do that very well, but not to be relied on, because Past result are no indication of future returns. Please don’t stop using these indicators because they have their uses, using the 200 EMA on the daily chart to show the overall trend of the market.  SMA & EMA will show continuation of momentum and retracement but only after the price has move. This leaves you second asking the market and that’s not a good tactic to make money with. The stats show this 95% of traders never make substantial money.

So what’s the big secret? Now I know as well as you, that we cannot and I will not claim to predict the future. What I propose to do is put more odds in your favour by introducing you to software package that gives you access to what is affectionately known as the “Leading indicators”.

What is a leading indicator and what does it do? It shows what happening in the market right at the moment. How does it do this? They tracks the movements of the major banks, and they counts the amount of buyers and sellers active at any one time, and measure the strength one currency compare to others. With these indicators you can pinpoint the trend reversal accurately and determine the strength of its momentum. Let me give an example: looking at say the 1 min chart and the price is climbing rapidly jumps 70 pips in 2 minutes SMA, & MACD are both pointing up. It would be hard to control the emotions and not jump in and try to catch some of that momentum. What if you were able to logically without emotions see, even though the price is moving up, the banks have shifted, buyers are leaving, seller and moving in and the currency is weakening. Where would you place your money now?

Access to this software can be obtained through registering in ForexCalculatorOnline.com