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Trade Forex for a Living From Home
This video discusses how to trade Forex for a living from home - its the dream of many traders but can it be done? This video gives you the answers ...
Richard Donchian is known as the father of trend following and any trader should study his work and make the principlies he taught part of their trading strategy. Today there numerous Forex robots all claiming they can make you money but Donchian's 4 Week Rule is free and will beat most of them! Here we will look at his work in more detail and see why, he is one of the best traders of all time.
Ken Roberts, is one of those traders who attracts a lot of negative press but personally I like him, he is larger than life character - a college drop out and former life insurance salesman, who went on to make millions educating traders with his “World's Most Powerful Money Manual TWMPMM which incidentally is the first book I ever read on trading, so lets look at Ken Roberts the trader in more detail.
Larry Williams is a trader with a larger than life personality, who has written several books which for me make trading exciting and fun. His books focus on stocks and commodities but many of the principles can be applied to Forex trading, as trends are the same in any market. Here we will give a brief history of Larry Williams, his trading books and some elements of his trading strategy.
If you want to be a successful currency trader, you need to understand Bollinger Bands because they are an essential currency trading indicator and give you a visual view of the volatility of the currency pair you are looking at and you can use an understanding of volatility, to make bigger FX profits. If you want to see the volatility of the market and get more accurate market timing and more profitable trading signals, the Bollinger Band is an ideal indicator to use; lets take a look at Bollinger Bands and FX volatility in more detail.
The RSI or Relative Strength Index shows how strong a price is by comparing downward and upward close-to-close movements. The indicator was developed J.W. Wilder and was included in his classic book “New Concepts in Technical Trading” which was printed back in Seventies and the indicator has remained popular ever since. Let’s look at the RSI in more detail and how you can include it in your currency trading strategy for bigger profits.