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The Top News Announcements You Should Be Aware Of

On Wednesday, November 19, 2008, In Forex Trading, By trader

At the time of these announcements there is a high probability that the market will make a significant move. We do not trade the news, but we do trade after the news has been announced and when an entry signal appears.

Consumer Price Index for the USA
USA Non-Farm Payrolls
USA New Home sales
USA Existing Home Sales
International Trade Balance USA
Trade Balance for Canada
Retail Sales for USA
Retail Sales for Canada
Gross Domestic Product USA
Gross Domestic Product Canada

If you go to www.forexfactory.com you will find the news announcements for the week. When you see one of the above listed be aware that the market will probably make a good move

Note: We don’t trade the news and I highly suggest that you don’t either. But if you do, the above are the only announcements that you should trade around.

How do I install Multiple platforms?

On Saturday, November 15, 2008, In Forex Trading, By trader

This post is to give the instructions for downloading a 2nd version of the MT4 trading platform. In the next Post you can find the instructions of how to move profiles, templates, indicators, etc to another platform.

1. To install multiple platforms: Use normal procedures to install the platform the first time. Use this link: http://www.ibfx.com/downloads/MT4.exe.

2. If you already have a copy of the platform change the name of the icon on your desktop before you download a second version.

3. Use the link above and reinstall the platform again but this time change the name when you get to screen that asks you where to “Select the destination folder where you want to install Interbank FX Trader 4.00.” This can be as simple as adding an A or B etc. at the end of the name. You could also add the name of the EA etc. whatever is easy for you to remember.

4. After installing the platform rename the new icon on the desktop to reflect the name you gave it in step 3.

5. For more platforms just repeat steps 3 and 4.

Trades May Come And Go But The Indicators Stay And Produce

On Wednesday, November 12, 2008, In Forex Trading, By trader

I was reading an article about a guy who started a computer business when the industry was new and growing. As he grew and was successful he noticed that there were many others doing the same thing. There was no longer anything unique about his company. He decided to take the gamble of focusing on data storage.

He said that even though a company may downsize the data never does. So he felt that there would be a place for his business for a long time to come. Keeping track of data storage for companies.
I was thinking how this is like the currency market. A currency pair may trend or channel but there are still good trades and an opportunity to make you some pips. News comes and goes the currency pairs go up and down. If you specialize on learning how to use some indicators you can trade any currency pair that is making a move rather than only trading one or two currency pairs.

What we are saying is, specialize on learning how to use a few indicators and not generalize in learning a lot of currency pairs. You might have your favorites but be ready to trade any currency pair that is moving. This way you will be an indicator specialist being able to move between the time frames to find the best entry point.

Be good at the trading platform and the use of a few indicators to enhance your currency-trading career.

Forex Trading Tips

Learn How To Trade Like A Pro

The Top News Announcements You Should Be Aware Of

How do I install Multiple platforms?

Trades May Come And Go But The Indicators Stay And Produce

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