Webring - Forex
Forex Automoney – Make Money Just by Clicking” href=”http://tradeconscious.com/automoney” target=”_blank”>
Day Trading and Forex in 2010
Firstly, Hello to all regular readers and welcome all new readers. Wishing you an abundant and peaceful 2010 and may this be the year that all your dreams come true.
The market has been pretty slow in the first few days, the true ranges have been low and generally not seeing any urgency either way, bulls or bears. The USD has strengthened somewhat in the first few days and it may just be that Risk Aversion associated with buying the Japanese yen is subsiding. Personally I cannot see the reason for buying Yen against anything at the moment and wonder where this idea came from. When interest rates where high in the West and selling Yen was considered a good little earner (carry trade) the Yen dropped considerably and is probably still correcting as all rates are low. (Excpet for Aus and NZ). Anyway, I believe that the Yen will return to mean over the next few months, news out of Japan is still not great.
The GBP kicked off it’s lows and rose to 1.6239 on the last day of 2009, since then it has dropped to 1.5887 and rising again today. The political uncertainty in the UK and Labour government un popularity contributing to erratic trading.
The Euro is also in a medium term downtrend and with the Greek situation and unemployment hitting the dreaded 10% today we may see further downside here.
However, all said, I have little interest in the longer term as a day trader. 2009 has been an excellent year for me and many of my subscribers (it’s free, just enter email in the box on the right).
My trading profits for 2009 can be divided into 4 methods, the last method is one I’ve only been using for a couple of months but considering it cost me $97 and made me over $20,000 I’m happy with it. The trading methods I use are listed below:
- 1. Software driven news trading – around 20% of annual profit using ‘Fast Economic News‘
- 2. Dax and Euro Scalping – around 45% of annual profits – this is my own method and you can search this blog for details.
- 3. Pivot point trading – around 35% of annual profits – again using my own method – details in the blog posts.
- 4. Forex rebellion Forex trading system – only been using this for 2 months but have been making consistent profits with it. Haven’t included in 2009 figures yet.
- 5. Forexautomoney – This is a semi automatic systems that is good for traders who don’t have much time to spend, watching and analyzing the charts, it’s pretty cheap to try out so well worth a try.
I have decided to produce a PDF with a detailed explanation of my methods and systems. I have started working on it and will be ready in the near future. The PDF will be free as I make my money trading and not teaching others how to do it. If you’d like to receive it opt in to my mailing list and you will be notified.
Once again, thanks for your loyalty and thanks for clicking thru to some of the sites and ads on this site, this helps keep the costs down and cover expenses.
Remember – Trading is all in the mind, get the mindset right and the money will come.
I have set up a new blog about meditation with some free binaural beats for you to enjoy. Meditation for Manifesting.
Cheers,
Mark
PS You can talk to me on Yahoo Messenger Free Yahoo messenger Download
Hypnotic Secret, Can it Help ?
More From Mark Meir
- Trading in the Zone
- 4 of the Most Critical Mistakes in Day Trading
- Tough week in the Forex trading trenches?
Mark Meir Recommends
- Ultimate Swing Trading System | Killer Trading Systems (ForexTrader23)
- Forex Day Trading Indicator-The Intraday Secret Signal | Killer Trading Systems (ForexTrader23)
- How Are The Day Picks Determined In Day Trading (Investment and Trading)
Comments
Powered by Facebook Comments
nice information,, i like your post,,thank dude
Glad you found it useful mate
Hi, ich lese nun schon Öfter auf deinem Blog mit und verfolge die Artikel mit großer Aufmerksamkeit. Sie gefallen mir überwiegend gut. Sie sind sehr anregend und sind gut neben dem Job zu lesen. Okay, soweit zum Lob. Dafür bekomme ich deinen Feed nicht in meinen Feedreader herein, es gibt auch keine Fehlermeldung , es passiert einfach nichts. Ich probiere es nächstes Mal einfach nochmal aus. Ich plane ein Ähnliches Webblog zu starten, meinst du das macht in diesem Bereich noch viel Sinn oder sollte ich mir lieber weniger “besiedelten” Bereich suchen? Ist ja nicht mehr ganz so einfach heute noch erfolgreich ein eigenes Blog zu pflegen und Besucher zu gewinnen. Wie sieht deine Meinung aus?
Start a blog about something you love doing, that defies SEO and such.
Awesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work.
Hey there,
Only just came across your site… nice site too!
Day Trading is definitely a mindset game, and while I don’t know a lot about it (did a couple of courses a few years ago), have only done paper trades… Didn’t have the ‘mindset’ to do it for real.
I do know that in times such as existing now, many people shy away from trading, but there are some of the best opportunities around when you know what you are doing.
Your pdf ebook coming up sounds like it would be very worthwhile.
Cheers
Martin recently posted..Coleman 6 Person Instant Tent