The main thing when trading according to the levels of support and resistance is to build a good criteria of the breakthrough of these levels as a signal to enter the market. The target of every Singapore trader is to find the best time of entering the market. A trading method of support and resistance levels has perfect opportunities to catch a good trend. Singapore Forex market is very chaotic and unpredictable. Its complex system is influenced by many factors of the outside world and causes its movements.

Let’s use the graphs of any Singapore broker to see what is hidden behind a candlestick chart when it shows a potential breakthrough of the support or resistance level. The most patient traders who are already in the market and have the open positions will leave their positions open anticipating of the end of the market’s correction. The more emotional traders will see the opportunity to enter the market on the opposite side, hoping to catch the top of the market’s trend. The rest will remain as watchers, not entering the market and their views on the further development of the situation will be different.

At this time, the movements of rates stays uncertain, since the views of the traders in the market are different. In addition to that there are still many other participants who are currently out of the market and they are not in a hurry to start trading.

Every trader has his own minimal measure of minimum uncertainty that is needed to start a trade. This criterion is directly depends on the psychology of the person. As every trader has his own measure of risk, so they will start trading at a certain price level at different time. When the bulk of traders make their decision and enter the market in a certain direction, the market will become the most stable. In the graphs it will be reflected by a good trend in a certain direction having some price corrections.

There are a number of external factors that have their impact on the market’s direction. The most important one is a fundamental aspect based on the analysis of the economical events as well as the technical conditions laid down in the past movements. When all these aspects contribute to the price movement in the same direction, an experienced trader can predict a good trend before it starts.

Therefore to see a strong trend with a high level of probability, we recommend you to make a detailed research of the price movements in the past along with technical and fundamental analyses that will give you much more certainty than watching the screen waiting for the breakthrough of the resistance or support levels.

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Also don’t forget to download our LotSize Calculator Software. It will help you a lot for sure…One of our customers, Robert S. has sent in an email, and made 152+ pips in the first trade with the Red Phoenix. Check out the results (just came in)…How did he do it? By following the buy/sell signals that the Red Phoenix generated…It doesn’t get any easier.

And this is just one of the typical emails out of numerous thank you emails we have received since the release of the Red Phoenix. So, if you have claimed your copy, congratulation, but if you haven’t make your move right NOW, as we are about to raise the price of the Red Phoenix to $497 very soon.

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But this bonus and the special discounted price are really limited, only for the first 10 traders who take action. So, once the remaining spots are all snapped up we’ll pull down the bonus and raise the price to $497 for GOOD. I suggest you make your decision swiftly…And remember that you can try out the entire program, and if it doesn’t make you profits trading, you don’t have to pay. PLUS…I flat-out give you $100 out of my pocket…I mean that…Just go here for the details, before we close up!

1. 12 months of the OracleTrader Software with AUTOCLICK enabled (critical for massive gains)

2. The OracleTrader Advanced Curriculum 8 module course (a $2,900 value!) which teaches you everything you need to know to master this strategy to become wealthy.

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6. The $4,470 ‘Trading in the FOREX Market’ 16 module Course on video – FREE

7. Advance email notice of the trades so you can get setup with the software in time, and set your deviation triggers optimally!

If you get to the registration page and find that it is closed, then my apologies but we have to process registrations on a first-come, first-served basis! Hurry! Just to be clear, this package is all inclusive. There are NO OTHER CHARGES for an entire year! The winners are… I am excited to inform you of our winners. Was it you? Before I reveal who won our video contest and the Free OracleTrader Package winner from the “Last Chance’ webinar, here’s a super-quick
heads up:

Last Thursday I closed down registration for OracleTrader because we easily hit our max number of new registrations, BUT..we had some duplicate orders and some credit card declines (which really isn’t unusual in a big product launch) – so we may have a few spots opening up…If this happens, you will be notified tomorrow. If you get an email announcing slots, be prepared to act fast because they will probably filled within an hour or two! Consider this a friendly “heads-up” note… so be on the lookout! OK, now… here are the winners!…

The winner of the full OracleTrader package from the ‘last chance’ webinars is (drumroll, please)… Nancy Billiingslea!

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Bob Short’s video! (Video #4)! Congratulations, Bob – you get an entire year of OracleTrader access FREE! Thank you for everyone who participated in the webinars, the video contest, and especially those of you who took action to registered for OracleTrader! If you couldn’t register before it close, keep your eyes open in case we do release some spots, as mentioned above!

A PP is calculated by adding the High (H), Low (L) and the Close (C) of a session with three. A three period PPMA is calculated by adding the pivot points in the last three periods. One period pivot point moving average is simply the pivot point of the preceding session.

A PP is a much better measure of the price action as it takes into account the range as well as the close of the proceeding sessions as compared to only the close of the proceeding sessions in case of the moving averages. This simple trading system can be used on the 5 minutes charts and above.

When the two MAs cross each other, this gives a trading signal that needs to be confirmed with a bullish or bearish candlestick pattern. This feature of using two MAs gives you an early warning system that helps you in telling you about the conditional price change. How do you determine the strength of the trend? A trend can be easily determined by drawing a simple trendline. Now when the slope of the two MAs are both pointing in the same direction as that of the trend, means that the trend is going strong.

Furthermore when the two MAs are equidistant from each other with a good degree of separation between the two, this indicates a steady trending condition. When the shorter term one period MA moves too far away from the longer term pivot point moving average this means an overbought condition in the market and when a crossover takes place, it means a conditional price change that needs to be confirmed with a candlestick pattern.

In trading timing is everything. It is not enough to know the direction of the trend rather you should also be able to anticipate when to enter the market. Many traders can correctly anticipate the direction of the trend but make a premature entry. They get stopped out due to the premature entry but feel frustrated to see the market launch in the predicted direction again.

This method of combing a pivot point analysis with a moving average approach will help you develop a mechanical and systematic approach to your trading. Now for a trading signal to develop, you need a conditional change in the price that is depicted by the crossover and a further confirmation from the market by closing above or below the MA.

In case of a bullish trend higher highs and the higher lows are verified by pivot point moving average. Similarly in case of a bearish trend, lower highs and lower lows are formed with each close below the open verified by the pivot point moving average.

Now, it all depends on you whether you are a day trader, swing trader of a position trader. This will tell you the best timeframe that you need to use in order to enter the trend. If you are a day trader simply calculate the range of the last few days and calculate the average range for the last few days. Suppose you calculate it to be 110 pips. With this simple pivot point trading system, you will be able to capture 60% of this range as a profit or in other words 66 pips.

1. Trading for the incorrect reasons.
Most people start trading with the intention of making a profit from day one. However, there are a few people who invest for fun. Should you be serious about making a profit, it is important that you treat your trading like a business. People who invest for entertainment will be lucky if they make a profit the truth is most of the time they’ll lose.

2. Over-Trading.
You should avoid the temptation to over-trade. Over trading is a risk for all those traders that aren’t following a technique, choosing to sit down on the sidelines until a clear trend emerges is in itself a valid approach. You must avoid the mistake of fully leveraging your positions simply because you might have free equity on hand. It is also important to ensure that you don’t trade with money that you can’t afford to lose.

3. Psychological and Emotional Errors.
Developing the mind-set that it’s essential to get each trade right is usually a dangerous error to make if you can not accept the very fact that you will make mistakes and may find it hard to close out of a losing position. Instead, your mind will find ways to persuade itself that the trade will swing around and become profitable. There’s a danger that subconsciously you may become blind to evidence that implies you are incorrect.

You have to accept that you will not get every trade correct and that you don’t need to get each trade correct, this will enable you to manage your trades effectively. Being wrong is something that we often feel terrible about. We are taught through positive reinforcement that we should feel good about being right. This often presents problems when trading.

Losing trades may cause emotional distress and stop you from properly analyzing the market. This may present a danger that you will commence over-trading to be able to make back losses or to “get even” with the market. On the flip-side, winning trades can generate feelings of excitement and invincibility. If you make the mistake of allowing this emotion to take hold, you might end up taking too much risk or making stupid errors through carelessness.

You ought to seek to keep your trading related emotions under control. Wise traders will focus on the downside risk potential of every trade and will make sure that this is within their pre-defined parameters outlined in their trading plan.

4. Not understanding the suitability of Contracts for difference.
Trading CFDs has improved the trading opportunities for a great many retail traders. CFDs are an ideal product for traders with a short-term time horizon along with a desire to increase their market exposure on a small amount of capital.

CFDs are not always appropriate for long term traders due to financing costs that may build up over time. Additionally traders who do not monitor their open positions will not find CFDs suitable. You always need to make sure that the sum of money that you choose to allocate to your trading account is an amount that you could afford to loose.

Before you start trading CFDs you must be familiar with the risks connected to the product. Like all geared financial products, the risks will likely be higher if you don’t take the time to understand the product.

For traders that understand how CFDs work and learn to minimize their risks, there can be considerable benefits from CFD trading. Through the use of leverage as well as the efficiency of trading, retail traders now have greater possibilities than they have ever had before.

Be prepared that trading with 4 hours candle stick charts requires a lot of patience and time. It may take you much time to find a good situation to enter the market and also from 12 hours to 5 days to stay in the market. This method is based on the trends that sometimes take place in the Singapore Forex market. The goal is to open a trade in the beginning of the trend and close a trade in the end of the trend. According to the strategy a trader must analyze the market and his open trades every 4 hours after the last candle in the 4 hours graph is completed.

When analyzing the market it is recommended to check the rates for the certain currency pairs for 4-5 days back on a 4 hours candle stick chart in order to check if there were some trends before or there is an opportunity for a potentially good downward or upward trend coming. The decision of opening or closing a trading order may be done only every 4 hours when the last candle is completed and a new one has begun.

If you notice that the last three candles show that the market is going up, this is a good time to open a buy position. If at least 2 last candles go down, this is a signal for a potential downward trend and you can make a sell position. In order to reduce possible losses you can use such orders as take profit and stop loss. You can place a take profit order after 120 pips in case if the prices between the opening and closing of the market did not go over 80 pips for the last five trading days. If the rates exceeded 80 pips for the last 5 days, you can place the take profit order on 240 points.

We wish all traders successful trading and invite them to share their opinions of Forex trading in Singapore.

The rate of the market depends on the support and resistance levels. As soon as it breaks one of these levels and doesn’t return at once so it is a big signal for any Singapore FX trader for a potentially successful trade. However, breaking of one of the levels is not enough in order to promise you a big chance for a successful trade. It also requires the quality analysis of the breakthrough of the support and/or resistance levels.

Currency market has a spontaneous nature and sometimes it is very volatile. Its volatility is often called as “market noise” and causes a lot of random movements. Making some researchers among the technical analysis internet materials we can often find the images of a strong trend appearing after breaking one of the support or resistance levels. Such images give a false impression to any newbie trader that Forex trading is so simple and making profit trading Forex is so easy. But in real life currency market is not as easy as it looks from the first sight. In order to understand how it works, you can analyze the past prices of one of the currency pairs in the candlestick chart. There you will see a lot of support and resistance levels in the past periods and will be able to observe their breaking and trend appearance. As you will find out, in practice things are much more complicated and confusing. Here the problem is not only in the market noise mentioned above, it is a complex of different factors that can confuse any Forex trader – market’s spontanios movements, volatility, traders emotions and many others.

In order to make right trading decisions and assure yourself a chance for successful trade, you have to create a certain criteria and rules that you will apply to the markets’ analysis before opening a trade. These rules will help you identify true and potentially good situations from false and irrelevant ones and improve your chances for success.

According to their own experience many Singapore Forex traders obtain the levels of 3-5% for short-term trends and 10% for long-term trends. However, this approach is very simple and doesn’t reflect the real situation at the moment of the breakthrough price movements. Sometimes it is very hard to decide for what trend these 10% or 5% must be counted.

Meet Juliya Ivanov, a highly successful forex trader for the last 11 years. Infact, she has been beating the big boys with her highly successful manual trading strategy that she has perfected over the years for the lucrative EURCHF currency pair. She had made a fortune with her manual EURCHF trading strategy.

Last year, one of her friends showed her a forex robot. Juliya was impressed with the idea of automated trading and decided to launch her own forex robot based on her successful EURCHF manual trading strategy. Well, she could develop her own forex robot herself as she had a masters in computer science.

She named her forex robot, the NoNameBot. Yes, she did not want to give any high sounding name to her forex robot like most of the other forex robot developers. Rather, she was more interested in focusing on the trading strategy that her forex robot would use.

She kept on delaying the launch of her forex robot while perfecting the technology for her robot. She has introduced a number of ground breaking technologies in her robot. The most important is the Automted Price Action Investigator APAI Technology. This technology is instrumental in making her NoNameBot 99.9% accurate in trading the lucrative EURCHF currency pair.

This APAI Technology uses an algorithm that determines the market changes and trends 24/5 and remembers everything that happened in the market before taking any action. Juliya calls this ground breaking APAI technology her secret weapon that makes the NoNameBot 99.9% accurate in trading EURCHF pair. Then she has also developed Highly Sensitive Algorithms for her NoNameBot that can determine the extreme levels in the market, the turning points in the market as well as when the original trend resumes.

Juliya says that these two ground breaking technologies, the APAI Technology and the HS Algorithms make her NoNameBot 99.9% accurate and 99.9% loss proof. Then Juliya uses another ground breaking technology the Currency Correlation Analyzer that can analyze currency correlations like when the EURUSD and the USDCHF currency pairs move in tendem before making the trading decisions.

Then there is an inbuild One Way Leverage Money Manager System that protects the profits by changing the position sizes and also reduces the risk of drawdowns. She has also provided the broker stealth mechanism in her robot that makes the trades hidden fron unethical brokers so that they can’t hunt the stops. This robot is indeed groundbreaking and Juliya is right in saying that her NoNameBot will be a true winner.

NoNameBot has been programmed with a self learning algorithm that is hard coded with tough and sophisticated rules for trading the lucrative EURCHF currency pair. Juliya will also provide you with a MetaTrader MT5 version of her NoNameBot free of charge. You can test Juliya Ivanov’s NoNameBot RISK FREE for 60 days on your demo account. This will give you a fairly good idea of how powerful this robot is. Once, you are satisifed with the demo testing results, you can trade live with it!

Of course not all of these positions are profitable, the goal is to get the profit in total, that is quite possible. While making scalping the stop-loss order is placed closer to the rate of position opening in order to guarantee the reduction of losses if the market changes its direction.

All currency traders know about the liquidity of the online market. Even the price within one day moves by a certain cycle with its ups and downs. If during one day the average price change is about fifty points, the difference between the minimum and maximum prices will have much greater value. Once you get a small trend, you will have a chance to significantly increase your profit.

Newbie traders often get a false impression of the great opportunity to enlarge their investment as there is an opportunity of reinvestment. Unfortunately this first opinion may be wrong as without any proven strategy, this strategy is doomed to failure. First of all you need to know on what level you set up the stop-loss orders. Because if you put it too close to the price of opening, it increases the risk of losses in the market during the noise even if you can assume the direction of trend correctly. In order to avoid this risk, we recommend you to avoid placing the stop loss if you trade scalping. But you must always be in front of the tading market and watch your positions. In case of a quick movement against you and there is no chance to roll back to initial levels in the next few hours, you must close the trades, otherwise you may lose more. More than that, if you have a big deposit and trade without the stop loss, your total deposit may be lost and you will get a margin call.

The next reason of the beginners’ failure might be called the emotional side and the tension that arises when trading with real money. We recommend all beginners to try scalping trading on a demo account first, since there is virtual money there is no fear of loss.

Every scalping trader must be cautious while joining a Forex broker to trade with. Not all Singapore brokers accept scalping. We recommend you to review the best Singapore Forex brokers list and join the broker that meets the needs of your trading method.

Using of your trading system and execution of the orders can be made in two ways: either manually or automatically. Manual execution of the trading decisions is closely connected to the mental and the psychological aspect. Sometimes traders make mistakes when they don’t follow their own strategy due to the doubts. When your trading system gives you a signal for a certain action you may also want to double check the accuracy of the signal. The delay caused by your thoughts can negatively influence on the profitability of the trading technique. The usage of the automated trading system can help you eliminate these problems. But working with the automated system, requires the visual control of the trading. Because the situation on the market might be changed after the decision was made and the signal was applied. So don’t forget that if you trust your investment to the automated trading technique you still have to watch the market and your trading positions.

Using a certain trading method you must learn to be patient while waiting for a trading signal to enter or exit the market. The ability to be patient and control your emotions is one of the most important factors in Singapore Forex trading. The life of a trader is similar to a predator on the hunt: a good trader knows that he must wait for a good moment to act, otherwise it will make disorder and the chances for gain will be reduced.

Most of the time even the experienced traders have no certain idea where the market is going. But they have learned to be patient and wait for a desired signal. One of the main rules of trading with a trading method is to follow it and use every signal that the system gives you. If after some practice you decide that you cannot trade manually, you can move to the automatically trading system. Only in this case you will see how profitable your trading strategy is.