So what is pivot point? Pivot Points are those price levels that are most likely to act as levels of support and resistance on any given trading day. When the price moves through the pivot point on increased volume it is most likely to continue current trend, and if the price hits the known pivot point but is unable to move through it is most likely to reverse the current trend.

The most widely used formula for calculating pivot points is as follows,
Pivot Point = (H + L + C)/3
when
H = previous day’s high,
L = previous day’s low, and
C = previous day’s close

When the trending/declining price is not able to move through the known pivot point after two or more tries there is a good probability that it will start to decline/falling.
It will become Swing trading method which a trader is waiting for a price to reverse after hitting S/R level is called swing trading.

On the other hand if the trending/declining price has easily moved through known Support/Resistance level there is a good probability that it will continue to trending/decline. Trading method in which a trader is looking for a price to continue to move in the same direction after moving through Support/Resistance level is called breakout trading. For the same reason, the most influential pivot points are those that are used by majority of traders.

Maybe you doubt it, but since 2006 I do my forex trading without any Indicators using Daily20pip system, just playing around with OHLC (Open High Low Close) data and I still in this game today. Don’t you realize the present of lagging indicator out there?

You already know that 95% of the forex trading public failing to make any money, a lagging Indicator is like a death trap, like a path that guide you to the wrong line! That’s why you should be carefull in choosing Indicators inside your trading tool box.

Anybody can understand price action and this not really difficult. Most people just don’t want to take the time to really understand how to read the movement of the market. Everybody always wants the holy grail magical indicator that people can just plug into their trading platform and it’ll do all the work for you, but sorry it doesn’t exist out there!

Forex trading is about a proccess, no overnight instant rich scheme there, it need learning by doing, patience and dicipline. I do agree with some Indicator that help you manage your trade, but again be carefull with the lagging Indicator and just don’t depend on it. You need to have a chart movement reading skill, by understanding the OHLC data it will help you to know where the market direction and how much trading range might happen.
Regard,

Today it’s common to trade Forex in virtual electronic world with no face to face connection (literaly), thanks to the miracle of 21st century internet connection that widely used for everyday job. So how to made sure everything was secure, both on yourself data and your own account? Here some tips and tricks to do safe online forex trading transaction.

*When using the internet make sure you have an antivirus program installed in order to avoid intrusions in your computer
*If you are using wireless internet connection make sure you have your connection locked,
*Do not save any official documents on your Computer, such as Copy of Passport, ID, Bank account numbers, copy of cards in case your Computer is hacked or even stolen,
*Keep all access codes/passwords in a safe place,
*Do not share an e-mail address with any person,
*Do not reveal any access codes, passwords to any person,
*If you are using a public Computer, ie in an internet cafe, make sure you log out any internet sites you have visited before leaving and deleting the cookies in order to minimize the risk of someone following your tracks,
*Regularly change your passwords on your e-mail accounts, or any other account that requires passwords,
*Be careful of e-mails received. Always check the e-mail address and in case you believe that this does not come from a person, Company, Organization you might be dealing with always send an e-mail to an e-mail address stated on the person’s business card, Company’s, Organization website requesting them to confirm that the e-mail address on the e-mail received belongs to them, before you reveal any information,
*Always have in mind that an established Company/Organization never uses an e-mail address such as g-mail, yahoo, hotmail etc thus always be careful when you are receiving such e-mails, even if it appears to be from a Company/Organization you are dealing with,
*Always remember that a Company or Organization will never require you to send them your login/password/access codes,
*When using a website that requires an access code, do not allow the browser to remember your passwords

Regard,

Commercial strategies of forex which keep you right-sided (principal tendency) market.
Balance the trade if you live an occupied lifestyle. Our commercial strategy of forex daily for the trade of oscillation enables you to go starting from your computer after you placed a trade and to do what you must do. This strategy was conceived for the tradesmen who can ‘t spend much of chartThere of observation of forex of time are the troop two in the analytical forex, the fundamentalist ones and the technicians. They both are supposed to be right on each one. The technicians of one days are successful, another stop watch the fundamentalist ones are the majority of manufacturer of benefit.

Thus which is one really good for you? Custom when a group of analysts makes an error that the other surely indicates, nah we said to you earlier. Thus, with which chose? There are many possible answers to this question, and three of them are most popular. Read more..