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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 ...
Wells Wilder developed the Average Directional Index (ADX) and introduced it in his classic investment book “New Concepts in Technical Trading Systems” which was published back in the 1970s and today, the Average Directional Movement indicator remains one of the most popular among FX traders. Let’s look at the ADX indicator in more detail and how, you Can use it in your currency trading strategy, to generate more accurate trading signals and make bigger profits.
Williams %R is a simple but effective momentum oscillator and was first described by Larry Williams in 1973 and has been popular ever since, here we will look at the calculation of the indicator and how you can use it in your currency trading strategy to seek bigger Forex profits.
The Parabolic Time/Price System, developed by trading legend Welles Wilder and was introduced in his legendary book New Concepts in Technical Trading” with two other well know indicators the Average Directional Movement and Relative Strength Index. The book maybe over a quarter of a century old but all Wilder indicators, are as useful as when he first made them available. Let's look at the Parabolic Time Price indicator in more detail.
Simple moving averages, maybe be simple but there one of the most effective tools FX traders can use and if you use them correctly you can enhance the profitability of your trading strategy – Lets take a look at moving averages and how to use them in more detail.
I was first introduced to Alexander Elder by reading his excellent book “Trading for a living” which focused on both the psychology needed for trading success, as well as outlining some FX trading techniques and strategies which readers could apply for profit. While I am a big fan of Trading for a Living, Elder has written other currency trading books and overall is one of the best traders you can learn from in terms of becoming a better and more profitable trader.