First of all, what is Forex? It is a short version of FOReign EXchange. It is also called FX and 4X, but regardless of the name you use, it is the largest financial market in the world. From 1997 to the end of 2000, daily Forex trading has skyrocketed from $5 billion to over $1.5 trillion..

It’s great daily Forex signals to be on the high side of the matrix but most of us didn’t start there and that is why you have to TRADE SMALL at first. To protect yourself from being greedy about your trading and to help you stay focused on long-term success it is important to make your trade size small enough so that it won’t leave you in a position of not being able to play at all should you have a string of losses all at once. I found that limiting your risk/reward ratio to a factor of about 1.5% on any one trade is a great way to stay focused and not get greedy.

EUR/USD forex trading signals: MACD is working out a bearish cross for the 4th day back to back, and nonetheless fails at this. RSI has flipped bullish and facilitates the generally constructive picture painted by the Bolli bands and the EUR price action. The top Bolli band at 1.4280 is securely in focus. The 20-day MA held the USD in check from any tests to move forward and is a great support way under where the action takes place currently. Purchasing dips is desired.

I also received access to the author’s web site and could see his daily Learn2Trade trades. Every evening I could review his trades and listen to his commentary, and see how many pips he had made or lost. Most days he made about 20 – 30 forex pips – mostly in the GBP/Dollar market.

Except in summer where there is a 1 hour gap in forex trading activities because of DST, currencies are traded in a 24 hour basis non-stop from Moday to Friday. Servers of foreign currency brokers all over the world start to open at 8 A.M. on a Monday in Sydney which is still Sunday 4:00 P.M. in New York. They remain open until shops close in New York on Friday at 5:00 P.M.

Now look at the 15 minute chart. It must be trending down like on the 1 hour chart. Draw a trendline on the top of the price peaks like you did on the 1 hour chart.

I then shifted my attention to forex systems, forex signals and forex robots. Let’s start with the last one’s. It took me 3 robots and almost $500 to realize most of them are pure crap, yes it’s that simple. There are a few that have worked, but most robots can’t trade better than a chimp with a dartboard. The chimp is going to make some succesful trades as well, but I’m not going to make him my money manager!

My personal favorite is the former top trader Thomas Strigano’s Forex Confidante. It’s a forex system and forex signal service, where you learn to do some very powerful checks that you do, on top of the signals. Check it out by clicking the link. Or find out who I think is the best forex brokers.