Being Readily Prepared For Robotic Trading

By John Eather

The best, or for something to title itself so is such a broad and loose generalization of the term. What may be the best for some may have the complete opposite effect for others. When it comes to Forex investing, or trading and choosing the best software that will ensure the best results, it is important to first know exactly what it is you are looking for.

Forex trading, more specifically Foreign exchange rate trading, keeps both brokers and traders happily busy during these uncertain times. Despite our recent unstable economic situation, one financial market recently saw a 41% surge in trading and profitability over the preceding years.

So much so that people who would otherwise have turned a blind eye to this lucrative market, are now not only taking notice, but wanting a piece of the action themselves. With Americans looking for each and every single way to cut out the middle man, as to walk away with their share plus some, now more than ever they are turning to a technology that has been around for years.

Robotic currency trading technology saw limited action in the exchange market for over a decade. But the technology recently received a full reevaluation, and the resulting research and development led to updates that have since produced more profitably stable results.

As a result, the world now has newer, smarter, faster robotic traders, whose intervention in the way the Forex investing market does business could mean the difference between making hundreds, or making thousands of dollars. Again, some will work better for you than others, and it's important to pick the right technology for your needs.

When seeking out the right match for your needs, you want to focus on two key points: price and results. First off, disregard any robotic software that can't show live feed of one of their products in action. You can sit and listen all day to someone drone on about how great their product is, but it doesn't matter until you can physically inspect the program actually producing results that you can base a solid decision upon.

With many offerings out there in the world of forex investing, all promising equally staggering results, it's important to educate yourself. Find a product that interests you, but then do your research about it to ensure that it can and will do exactly what it is you are looking for.

Thankfully, the internet gives you the opportunity to do just that. Use the internet to research reviews on the software and see the actual robot do the work. With this research, you will realize without a doubt what works best for you. - 23221

About the Author:

Make sure you sign up for John Eather's brilliant free ecourse and reports about Online Forex Trading. Obtain the most recent information on the most cutting-edge trading robots and trading systems available on the market nowadays. Go to MoneyMakingFxTrader.com to learn more.

The Essentials of technical Analysis: Part II

By Jack Haddad

Charting:

The time frame used for forming a chart depends on the compression of the data: intraday, daily, weekly, monthly, quarterly, or annual data. Traders usually concentrate on charts made up of daily and intraday data to forecast shorterm price movements.

The shorter the time frame and the less compressed data is, the more detail that is available. While long on detail, short term charts can be volatile and contain a lot of noise. Large sudden price movements, wide high-low ranges and price gaps can effect volatility, which can distort the overall picture. Long term charts care good for analyzing the large picture to get a broad perspective of the historical price action. Once the general picture is analyzed, a daily chart can be used to zoom in on the last few months. Four of the most popular methods of displaying price data are by the following charts: line bar, candlestick, and point & figure. The line chart is one of the simplest charts. It is formed by plotting one price point, usually the close. For that matter, I don't favor them because I personally consider the open, low, and high to be as important as the close in technical analysis. However, at times, only closing data are available for certain indices, thinly traded stocks and intraday prices. Bar charts are perhaps the most popular charting method. The high, low, and close are required to form the price plot for each period of a bar chart. The high and low are represented by the top and bottom of the vertical bar and the close is the short horizontal line crossing the vertical bar. On a daily chart, each bar represents the high, low, and close for a particular day. Weekly charts would have a bar for each week based on Friday's close and the high and low for that week. Bar charts can be effective for displaying a large amount of data.

Using candlesticks, 200 data points can take up a lot of room and look cluttered. Line charts show less clutter, but do not offer as much detail (no high-low range). The individual bars that make up the bar chart are relatively skinny, which allows users the ability to fit more bars before the chart gets cluttered. If you're not interested in the opening price, bar charts are an ideal method for analyzing the close relative to the high and low. In addition, bar charts that include the open will tend to get cluttered quicker. If you're interested in the opening price, candlestick charts probably offer a better alternative. The beauty of Point & Figure charts is their simplicity. Little or no price movement is deemed irrelevant and therefore not duplicated on the chart. Only price movements that exceed specified levels are recorded. This focus on price movement makes it easier to identify support and resistance levels, bullish breakouts and bearish breakdowns. Contrary to this methodology, Point & Figure charts are based solely on price movement and do not take time into consideration. The topic on candlestick charting is broad and beyond the scope of this article. This method of charting originated in Japan over 300 years ago, and have become quite popular in recent years. For a candlestick chart, the open, high, low, and close are all required. A daily candlestick is based on the open price, the intraday high and low, and the close. A weekly candlestick is based on Monday's open, the weekly high-low range, and Friday's close.

Trendlines:

Trendlines are an important tool in technical analysis for both trend identification and confirmation. The general rule in technical analysis is that it takes two points to draw a trendline and the third point confirms the validity. An up trendline is formed by connecting two of more low points. The second low must be higher than the first for the line to have a positive slope.

Up trendlines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A downtrend is formed by connecting two or more high points. The second high must be lower than the first for the line to have a negative slope. Down trendlines act as a resistance and indicate that net-supply is increasing even as the price declines. - 23221

About the Author:

Dr. Jack Haddad, MD, MBA has been professionally trading the stock market since 1997 and had an annualized return of 39.4%. Dr. Haddad has recently launched MD Capital Management, an Investment Fund with Charles Schwab. The fund utilizes option hedging techniques to generate returns while minimizing risks. For more info, visit Jack's online group: MD Capital Management.

How To Place Stop Losses?

By Hass67

The intra day forex market is full of noise that it becomes difficult for new traders to understand where to put the stop loss. There is so much noise in the forex markets in the short run that prices tend to jump 10-20 pips for no apparent reason.

This becomes frustrating for many new day traders. Most constantly find their stop losses being tripped due to noise even when the rates are going in the anticipated direction.

A static 10-20 pip stop loss is an arbitrary choice many traders make. Many new traders also use Trailing Stop Loss. Place your trailing stop loss too close and you will find your stop hit too early. Place it too far and you will have to forgo potential profits if the price retraces.

Many professional forex traders do use stop loss but mostly place it on their computers hiding them from their brokers. Best way to place a stop loss is using a dynamic level.

Because if brokers find many stop losses at a particular price level they can easily trip them using a momentary blip in their price feeds. You cant do anything. It was a momentary spike during to a sudden large transaction in the market. This is known as Stop Hunting.

Do you know this many professional forex traders only use a stop loss in their mind. They plan entry/exit for each position. Keep on monitoring it changing, the stop loss in their mind as the rate fluctuates. When they reach the desired outcome, they close the position. With experience, you will also learn to do the same.

Moving Averages, Bollinger Bands, SARs etc can be easily used as dynamic stop losses by you. It is a good way to manage your risk while letting the currency markets to do what it wants.

The more experience you will develop as a forex trader the more you are going to understand that placing fixed stop losses actually hurts more. Using fixed stop losses can hurt you more emotionally, psychologically and profit wise than help you.

Try not to trade just before or after a major economic news release. Try not to place stop loss close to/at round numbers. And try not trade in times of thin liquidity in the currency markets.

It is important for you to know that brokers constantly use stop hunting to take out your positions using noise in the market as an excuse. Learn how to beat the markets and the brokers. - 23221

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in investing; stock and forex trading. Discover a revolutionary new broker buster Forex Robot. Learn Forex Trading!

Draped Bust Silver Dollar - Be Wary Of The Antique Silver Dollar Fakes

By Christina Goldman

The Draped Bust Silver Dollar was minted under the Coinage Act of 1792 and is one the earliest coins among the official currency of the USA. It would cost an absolute fortune to own genuine pieces of these antique coins.

There were two types of these Silver dollar coins produced by the US Mint from 1794 to 1803, each different from the obverse side. The first issue is called the Flowing Hair manufactured for only two years, 1794-1795. The second is the Draped Silver Dollar which came out for a longer period, 1795-1804.

The Draped Silver Dollar also features two varieties in its reverse design. These draped silver coin types are the small eagle which was minted 1795-1798, and the heraldic eagle struck in 1798-1804.

All dates of mintage between 1795 and 1903 have different variety classifications because the dies in those days were done by hand engraving. The varying nuances in the draped bust silver dollar design and its vintage pedigree have created a certain mystique among coin collectors who are willing to spend much to own one.

But because of its popularity and the high price that it could command, antique silver dollar fakes have also proliferated. Auction facilities online are often the outlets for such counterfeit coins as the sellers could easily hide under anonymity.

Fortunately, population auction houses like eBay are doing some efforts to stop the unscrupulous practice by stopping sale of those coins determined to be fake. Still, the auction may proceed if the seller declares that the coins being sold by bidding are replicas. It would only be illegal to own counterfeit coins if the intention of the owner is to pass them off as real.

An authority at the American Numismatic Society advises that those who chose to collect counterfeits or replicas should clearly label them as such to prevent these from being sold inadvertently as genuine coins later. For indeed, there are still many gullible ones who would not check and just think that theyre buying the real rare draped bust silver dollar. - 23221

About the Author:

You can find great prices and selection on the rare, antique Draped Bust Silver Dollar at: http://SilverDollarCoins.net

Capped Bust Silver Quarter - Rare Quarter Commands Exceptional Value

By Christina Goldman

The Capped Bust Silver Quarter was the immediate successors of the equally rare draped bust silver quarters which started minting in 1796. These silver quarters were first minted in 1815 and count among the rarest coins ever minted in the United States. These two particular silver quarter types were minted as a replacement for the Spanish two-reales coin circulating in the Americas at that time, by the fledging U.S. government.

The Capped Bust Silver Quarter carried the same design as the other coins, like the half dollar, minted during that time. Production of these quarters went on until 1838, and these coins together with the draped bust quarter, have been named by numismatists as the "Early Quarters" commanding premium prices among coin collectors.

Other key years to look out for when scouting for the Early Quarters are 1823, 1804 and 1796. Notably from 1804 onwards, the reverse side of the Early Quarters sported a bigger, "heraldic" eagle, suggestive of strength and power that collectors and numismatists appreciate over coins of earlier vintage which had smaller eagle designs.

It is a sound advice that before buying a Capped Bust Silver Quarter or any of the Early Quarters, the buyer must have an assurance that these items have certification of authenticity from reputable numismatist groups or associations like the ANACS, NGC, PCGS and ICG. Another is to deal only with reputable dealers.

A useful website for reference on the capped bust silver quarter can be found in the net. This site carries a legitimate eBay auction listing of Early Quarters and their key dates. Through this listing, a prospective buyer could check the trend of the pricing, and compare various price levels within years, comparative data that are useful to the serious collector or dedicated numismatist. - 23221

About the Author:

And here's where you'll find great prices and selection on the Capped Bust Silver Quarter: http://BuySilverCoins.net