Price goes up and down because of the behavior of the traders. When there is a higher demand for a product, its price goes up and visa versa. On the Forex market, when most traders decide to Read the rest of this entry »

61.80% Fibonacci level showed its power once again. Among all Fibonacci levels, 61.80% and 161.80% levels have the strongest effects on the markets. Or I’d better to say that Read the rest of this entry »

Excessive Euro appreciation against USD has made the economy ministers of European Union so worried and angry, specially in 16 European countries that Euro is their currency. Since March 2009, Euro value is increased up to 20% against USD. EUR/USD rate is now 1.4718 whereas when Euro became accepted as the currency of 16 European countries at the beginning of 2000, EUR/USD rate was 0.8200. Read the rest of this entry »

September is not usually a fruitful month for traders. Most traders prefer to take a month off when September comes, because markets are not volatile enough and they rarely make a strong and profitable trend. We had several trade setups on September, but they hardly triggered the second target. Read the rest of this entry »

I know that many of you have been waiting for our August performance. Usually my performance report comes with some advice and tips. Read the rest of this entry »

As you may know, we analyze several currency pairs everyday. We post the analysis on the daily and weekly reports. On the analysis we report, we show the pathway of the market, supports, resistance and probable trade setups, stop loss and targets. One can trade and make money based on the things we plot and mention on the charts. They are absolutely clear and understandable. They are also accurate and real time. Read the rest of this entry »

Note: This report was published on April 27 2009 for the Live Market Analysis Program members.

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Hello

Forex trading is all the matter of taking risk. We analyze the market, find the trade setups, take the positions, set the stop loss and target and that’s it. We don’t know what will happen then. We don’t have any control on the market. The market moves on its own way and doesn’t care about anybody. The only things that we have a full control on them, any time that we take a position, are the amount of the money we trade, the stop loss and the take profit. So, in addition to the system that we have to become expert in it, we should learn the things that we are able to control and these things are usually discussed under the money management topic. Read the rest of this entry »

Our April Performance (April 11th - April 30th) from Signals alone totaled +662 Pips.

What does this mean if you were trading the following lot sizes:

0.10 lot - $662 roughly (most beginners)
1 lot - $6,620 roughly (most intermediate)
10 lots - $66,200 roughly (advanced)
100 lots - $662,000 Read the rest of this entry »

Note: This report was published on April 16 2009 for the Forexoma Live Market Analysis members.

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Hello,

Our weekly reports are even more important than the daily reports. The weekly analysis shows the direction of the market for the next week. We should always have the result of the weekly analysis into consideration and we should refer to it, when we want to take a position. That’s why we changed the format of the table we have at the top of the weekly chart. We don’t give any signal on the weekly chart but we show the direction and predict the color and the the direction of the next week candle. Those who don’t have time to follow our daily reports, can take at least a few good and profitable positions just by using our weekly reports. Read the rest of this entry »

Note: This report was published on April 16 2009 for the Forexoma Live Market Analysis members.

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Hello,

We did know that something we are doing here is helpful for a many of our members but we didn’t know that it is so much. There are three groups of traders among our clients:

1. Beginner (50%)
2. Intermediate (42%)
3. Advanced (8%)

Beginners use our program to learn and also make money when there is a trade setup. Most of them wait for us to report a position to take but many of them even don’t have a live account yet and are just trying to practice using a demo account which is really good. If they are at the beginning of the work and it is a short time that they have become familiar with forex, we have to say that they are lucky because they have started from the best point. Learning the technical analysis in its simplified and easy to understand form that we have here is the foundation of any kind of trading. Read the rest of this entry »