Foreign Exchange Trading with Track Trend MACD – Forex trading is when you attempt to generate a profit by speculating on the value of one currency compared to another. Foreign currencies can be traded because the value of a currency will fluctuate, or its exchange rate value will change, when compared to other currencies.
Forex trading is normally conducted through ‘margin trading’, where a small collateral deposit worth a percentage of a total trade’s value, is required to trade.
But, forex trading is complex and risky. Even the most skilled and experienced forex traders have difficulty predicting movements in currencies. Trading in international currencies requires a huge amount of knowledge, research and monitoring.
- There are significant investment risks as currency fluctuations may move against you, causing you to lose money. Exchange rates are very volatile – they tend to move around a lot even within very short periods of time.
- Markets are open 24 hours a day 6 days a week (due to time zones), so you need to devote a lot of time to tracking your investment.
- Currency markets are extremely difficult to predict because so many factors affect exchange rates
Because most forex trading products are highly leveraged, even small market movements can have a big impact.
- Risk management systems such as stop loss orders, will only give you limited protection by capping your losses. You may have to pay a premium price to guarantee your stop loss order.
This system is an effective combination of indicators to boost your profit making abilities in the market. This system is really good because of its simplicity, versatility, and credibility.
The rules of this system are straightforward and easy to follow, and there’s no need for guesswork in this system. That makes this system very simple.
The system is credible. Most of the time, it doesn’t give false signals. About 90% of the time that I use this system, I am able to hit my targets.
- The Forex Profit Boost bars should be Blue in color and are below the candlesticks. When the Yellow bars are below the Blue bars, it indicates that we have a stronger signal that the market will continue on moving upwards.
- The histogram is above the signal line and has crossed (or is above) the “0” center line.
- Track Trend MACD all UP.
- The Forex Profit Boost bars should be Red in color and are above the candlesticks. When the Yellow bars are below the Red bars, it indicates that we have a stronger signal that the market will continue on moving downwards.
- The histogram MACD is below the signal line and has crossed (or is below) the “0” center line.
- Track Trend MACD all DOWN.
To successfully trade in forex, you will need to have good knowledge of foreign exchange, leverage, volatility and the conditions of each country whose currency you are trading.
You will also need to predict how these conditions affect the relative value of those currencies. This is extremely difficult as so many factors come into play, including politics, economics and market confidence, and these are unexpected, random events.