2013년 12월 18일 수요일

About 'forex auto trader'|How to Become a Professional Trader?







About 'forex auto trader'|How to Become a Professional Trader?








               Trendline               trader               makes               trendlines               you               draw               on               the               chart               alot               more               useful               than               just               a               visual               tool               by               itself.

Trendlines               are               not               indicators               but               simple               lines               you               draw               up               on               your               currency               chart               to               help               with               forex               technical               analysis.

When               you               draw               trend               lines,               you               are               providing               yourself               a               visual               picture               of               where               is               the               current               market               and               where               will               it               be               heading               next.

And               this               serves               as               a               mental               note               assuring               yourself               that               you               are               aware               of               where               the               trend               is               coming               from               and               that               you               are               also               willing               to               follow               it               where               ever               it               chooses               to               go               next.
               What               is               Trendline               Trader
               "Trendline               Trader"               as               the               name               connotes               speaks               for               itself.

It               helps               a               trader               to               identity               possible               pullbacks               on               both               resistance               and               support               levels,               for               the               purpose               of               making               sound               trading               decisions.

Many               technical               chart               patterns               require               that               trade               entry               and               exit               be               executed               on               these               specially               drawn               trendlines.

There               are               two               ways               at               which               the               forex               trader               can               choose               to               trade               with               these               trendlines.
               The               first               way               is               trading               via               breakout               strategy               with               technical               chart               patterns.

When               price               breaks               through               the               trendline,               a               trade               intended               on               the               breakout               direction               can               then               be               entered               according               to               the               trader's               trading               system.

This               particular               style               of               breakout               trading               can               easily               be               found               in               many               trading               systems               that               trade               flags,               pennants,               head               and               shoulder               patterns,               symmetrical               triangles,               descending               or               ascending               triangles               or               simply               a               channel               or               envelope.

Break-through               of               trendline               is               an               important               entry               signal               for               many               traders               trading               technical               chart               patterns.
               The               second               way               of               trading               with               these               specially               drawn               trendlines               is               trading               on               reject.

When               price               touches               or               breaks               through               the               trendline,               trade               entry               will               be               entered               in               anticipation               that               price               will               meet               great               resistance               or               support               and               will               revert               back               to               its               ranging               levels.

Thereby,               the               word               trading               on               reject               anticipates               that               price               will               revert               to               its               ranging               mode               and               you               are               fading               a               breakout.

This               style               of               trading               is               usually               called               fading               the               breakout.

Or               if               it's               in               the               form               of               trend               trading,               as               price               approached               support               or               resistance               level,               you               are               anticipating               that               it               will               bounce               off               the               trendline               like               a               ball               bounces               off               the               ground               and               ceiling               trading               in               a               channel.
               Trendline               Trader               is               Both               Useful               in               Breakout               and               Ranging               Markets
               Trading               on               breakout               and               on               reject               can               now               be               made               automated               in               mt4.

You               can               find               most               auto               trendline               trader               on               the               forex               community.

And               you               can               give               the               free               ones               a               try               as               they               contain               the               most               basic               functions               of               an               auto               trendline               trader               EA.

Now,               a               trade               entry               or               exit               can               be               pre-specified               by               the               forex               trader               simply               by               attaching               the               trendline               trader               to               the               respective               currency               chart               and               draw               lines               manually               on               the               chart.

Next,               simply               add               in               a               buy               or               sell               on               the               trendline               description               box               to               instruct               the               trendline               trader               EA               to               perform               trade               execution               to               your               liking.
               Trendline               Trader               Summary
               Forex               traders               can               tap               on               the               auto               trendline               trader               software               to               execute               forex               trades               while               they               do               other               work.

Forex               trading               is               not               an               easy               work               for               most               part-time               traders               in               the               past.

They               need               to               monitor               the               market               for               potential               signals               and               then               manage               the               ongoing               trade               until               it               is               finally               exited.

Most               of               these               tasks               are               no               longer               relevant               if               the               forex               trader               utilize               trendline               trader               as               their               trading               tool.
               Warren               Seah
               What               if               you               just               couldn't               trade               forex               effectively               with               a               day               time               job?
               I               know               how               hard               it               can               be               to               trade               forex               manually,               but               if               you               want               to               really               be               successfully               trading               your               own               unique               manual               system,               you               need               to               learn               a               single               method               that               works               amazingly               well.
               This               method               is               simple               to               pick               up               and               it               automates               most               of               manual               forex               systems.

Yes,               it               can               automate               your               personal               forex               system.

You               can               read               how               to               do               it               in               my               free               report               here:Forex               Technical               Analysis
               Don't               give               up               hope,               it's               NOT               impossible.

Trendline               Trader               will               expand               your               trading               capabilities               to               greater               trading               success               learn               more               by               clicking               the               link.






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